Here Are The Numbers The Street Is Looking For After The Close
Stocks are
higher on the news that the US trade deficit shrank by 0.2%.
After the bell today, Wall Street is expecting earnings from Computer
giant Intel
(
INTC |
Quote |
Chart |
News |
PowerRating), Yahoo!
(
YHOO |
Quote |
Chart |
News |
PowerRating), drug maker
Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating), and Apple Computers
(
AAPL |
Quote |
Chart |
News |
PowerRating). Intel is
expected to report earnings of 0.25 cents, Yahoo! 0.11 cents, Genentech 0.25
cents and Apple 0.14 cents. These companies are all trading lower.
Yahoo! announced a deal with
Sina
(
SINA |
Quote |
Chart |
News |
PowerRating) to jointly operate and run auction-based e-commerce
targeted towards small businesses in China. Sina is up 10% on the news.
AT&T Wireless
(
AWE |
Quote |
Chart |
News |
PowerRating)
shares are trading higher on news of a possible merger with Cingular Wireless
(
SBC |
Quote |
Chart |
News |
PowerRating). Plantronics
(
PLT |
Quote |
Chart |
News |
PowerRating) surged 10% after reporting a 91% jump
in net income. Earnings rose to 17.6% million on sales of 107.6 million, well
ahead of analysts’ forecasts. Gold
(
GCJ4 |
Quote |
Chart |
News |
PowerRating) traded lower for the
third day in a row.
| Dow | +74.67 |
10500.66 |
| S&P 500 | +5.45 | 1126.68 |
| Nasdaq | +7.48 | 2103.30 |
The day’s leading sectors are
Health Providers
(
RXH.X |
Quote |
Chart |
News |
PowerRating) +1.17%, Telecoms
(
XTC.X |
Quote |
Chart |
News |
PowerRating)
+0.92%, Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) +0.92%,
Healthcare
(
HMO.X |
Quote |
Chart |
News |
PowerRating) +0.89%.
Weak today are Amex Gold
Bugs
(
HUI.X |
Quote |
Chart |
News |
PowerRating) -3.41%, and Gold and Silver
(
XAU.X |
Quote |
Chart |
News |
PowerRating) -3.12%.
Economic news releases included
an improving trade deficit of $38 Billion, and Producer price index that rose by
0.3%.
10-year Notes are +25
at 114 065
The
dollar is +0.23 at 88.01
Gold is -2.00 at 423.10
Crude Oil is -1.90 at
33.33
Volume is 700,000,000 on
the NYSE, and 1,001,000,000 on the Nasdaq.
Market breadth is Positive
| NYSE | Issues | |
| Advancing | 1930 | Up Vol 441 |
| Declining | 1212 | Down Vol 242 |
| Ratio | 1.56 | 1.82 |
| Nasdaq | ||
| Advancing | 1728 | Up Vol 561 |
| Declining | 1322 | Down Vol 1.20 |
| Ratio | 1.31 | 2.56 |
Top Dow stocks are:
Honeywell [HON|HON],
+2.51% at 35.94, Boeing
(
BA |
Quote |
Chart |
News |
PowerRating), +2.28% at 43.20, United Tech [UTX|UTX],
+1.61% at 95.02, and DuPont [DD|DD],
+1.66% at 44.54
Stocks in the news:
Taser International
(
TASR |
Quote |
Chart |
News |
PowerRating) has
announced a three-for-one stock split in February, to iincrease liquidity and
attract private and institutional investors.
Battery maker Rayovac
(
ROV |
Quote |
Chart |
News |
PowerRating) will close
plant-and-service centers operated by its Remington unit. It expects to cut 528
jobs, with restructuring costs around $8 million. Investors pushed the stock up
5%.
Delta Airlines
(
DAL |
Quote |
Chart |
News |
PowerRating) reported a
fourth-quarter loss of $327 million on revenue of $3.4 billion. Excluding
unusual items, Delta lost $207 million, or $1.71 per share. This is 5 cents
higher than Wall Street consensus.
Shares of shoemaker Vans
(
VANS |
Quote |
Chart |
News |
PowerRating) rose
7% on raised third-quarter and 2004 earnings. The company now expects to earn 25
cents a share for the third quarter and 62 cents a share for the full year.
bricew@tradingmarkets.com