Here Are The Dogs Of The Dow Stocks
Stocks were higher Thursday. Semis staged
an intraday turnaround after National Semi
(
NSM |
Quote |
Chart |
News |
PowerRating) beat by 0.03
intraday. The day started off red, however, after Altera
(
ALTR |
Quote |
Chart |
News |
PowerRating) and
Xilinx
(
XLNX |
Quote |
Chart |
News |
PowerRating) cut quarterly sales forecasts.
The Dow’s 50 MA crossed above the 200 MA; the last time this happened the Dow
rallied from May 2003 to August 2004.
Eli Lilly
(
LLY |
Quote |
Chart |
News |
PowerRating) said 2005 earnings will rise to between 3.05 and
3.15, up from the 3.12 consensus. The company meets with analysts today.
Costco’s
(
COST |
Quote |
Chart |
News |
PowerRating) earnings rose 21%, but were a penny shy of
expectations.
Ciena’s
(
CIEN |
Quote |
Chart |
News |
PowerRating) loss widened but revenue rose 16%; the company
sees more revenue growth this quarter.
McDonald’s
(
MCD |
Quote |
Chart |
News |
PowerRating) same store sales rose 7.1% in November.
Dreamworks
(
DWA |
Quote |
Chart |
News |
PowerRating) beat by a penny and said it will delay the
release of Shrek 3. It was the first report since the company went public.
Jobless claims for the week of rose 8,000 to 357,000, more than expected and
are now at the highest levels since late September.
The Kuwaiti oil minister said that OPEC will cut production when it meets
tomorrow.
Here are the Dogs of the Dow stocks as of 12/8/04: MRK, GM, MO, SBC,
VZ, JPM, C, DD, KO, PFE. Dogs of the Dow is an investment strategy where you
identify the 10 highest yielding Dow stocks and buy and hold for a year. (not a
recommendation)
IPO today: Symmetry Medical (SMA). The closed up over $3.
Nextel
(
NXTL |
Quote |
Chart |
News |
PowerRating) and Sprint
(
FON |
Quote |
Chart |
News |
PowerRating) are in merger talks.
The deal, if done, would create the third largest wireless company.
GM will cut 12,000 jobs in Europe.
Briefing.com reports that the following stocks may be added to the Nasdaq
100: ADSK, ERICY, LBTYA, MCIP, NTLI, SIRI and XMSR. Deleted may be: CPWR, NVDA,
HSIC and RYAAY.
Reminder: roll index futures to March–ESH5, YMH5, NQH5.
Strong sectors were: Internet
(
GIN.X |
Quote |
Chart |
News |
PowerRating) +0.70% Oil Services
(
OSX.X |
Quote |
Chart |
News |
PowerRating) +0.98%, Biotech
(
BTK.X |
Quote |
Chart |
News |
PowerRating) +0.54%.
Weak sectors were: Semis
(
SOX.X |
Quote |
Chart |
News |
PowerRating)
-2.30%, Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) -1.17%.
| Dow | +58.59 | 10,552.82 |
| S&P 500 | +6.43 | 1,189.24 |
| Nasdaq | +2.90 | 2,129.01 |
The dollar was -0.14 at
82.01
Gold was -2.30 to 437.20
Crude Oil was +0.56 at 42.50
2.2 billion on the Nasdaq.
Market breadth was positive.
| NYSE | Issues | |
| Advancing | 1737 | Up Vol 847 |
| Declining | 1557 | Down Vol 593 |
| Ratio | 1.11 | 1.42 |
| Nasdaq |
||
| Advancing | 1312 | Up Vol 1031 |
| Declining | 1809 | Down Vol 1080 |
| Ratio | 1.37 | 1.04 |
Stocks in the News.
News Corp.
(
NWS |
Quote |
Chart |
News |
PowerRating) will replace Deluxe
(
DLX |
Quote |
Chart |
News |
PowerRating)
in the S&P 500. DLX will be added to the Mid Cap Index.
Time Warner
(
TWX |
Quote |
Chart |
News |
PowerRating) was upgraded at
Smith Barney, to ‘buy.’
Toll Bros
(
TOL |
Quote |
Chart |
News |
PowerRating) profit nearly doubled and the company raised its 2005
guidance
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