Happy Halloween, The Dow Closes Green
Stocks were green Monday, closing near
their highs on a late-day bounce. Energy was lower
across the board after warmer weather was forecast for the Northeast; crude
closed below $60/barrel for the first time since July 28 but still up +38%
year to date.
After the close, Chesapeake
(
CHK |
Quote |
Chart |
News |
PowerRating) beat by 0.04,
ex-items; revenues were better than expected. Dell
(
DELL |
Quote |
Chart |
News |
PowerRating) guided
lower for Q3, saying they see earnings at the low end of prior guidance; they
see revenues near $13.9 billion. The stock traded lower after hours.
The Chicago PMI was 62.9 vs 57.4 consensus.
Personal income soared 1.7% in September, more than expected
Caterpillar
(
CAT |
Quote |
Chart |
News |
PowerRating) said it
expects $50 billion is sales by 2010.
Wal-Mart
(
WMT |
Quote |
Chart |
News |
PowerRating) said its October same-store-sales
should be up 4.3%.
Valero
(
VLO |
Quote |
Chart |
News |
PowerRating) beat by 0.40
Strong sectors were:Â Â Airlines
(
XAL |
Quote |
Chart |
News |
PowerRating) +3.82%Â Â Â Â Retail
(
RLX |
Quote |
Chart |
News |
PowerRating) +2.50%Â Â Â Â Â Â
Computer Hardware
(
HWI |
Quote |
Chart |
News |
PowerRating) +2.36%
Weak sectors were:Â Â Â
Gold
(
XAU |
Quote |
Chart |
News |
PowerRating) -0.42%
|
|
+36.66 | 10,439.43 |
| +30.35 | 2120.23 | |
| +8.44 | 1206.85 |
More stocks on the move:
Baker Hughes
(
BHI |
Quote |
Chart |
News |
PowerRating) was downgraded to underweight
at Morgan Stanley.
Oxy
(
OXY |
Quote |
Chart |
News |
PowerRating) beat by 0.02,
ex-items.
Anheuser Busch
(
BUD |
Quote |
Chart |
News |
PowerRating) was the subject of a
favorable article in Barron’s.
Electronic Data Sytems
(
EDS |
Quote |
Chart |
News |
PowerRating) was also the subject
of a favorable article in Barron’s.
Brice Wightman
Â