Here’s An Interesting Sentiment Figure…
Stocks are off their highs on good reports from
several companies.
Lehman Bros.
(
LEH |
Quote |
Chart |
News |
PowerRating) beat by 0.27. The company had record investment
banking business. Best Buy
(
BBY |
Quote |
Chart |
News |
PowerRating) beat by a penny at 0.45 for Q3.
Margins were 5.8%.
Homebuilders are making new highs after Lennar reported better than
expected results and raised guidance.
Sprint and Nextel will merge in a $35 billion deal, creating
the 3rd largest wireless provider.
Las Vegas Sands IPO (LVS) debuted at $29; it is trading at 44.95. It
owns the Venetian, the Sands Expo and the Macau Casino in China; 1 billion
people live within an hour of this casino.
Investor’s Intelligence Bulls are 62.1%, the highest level since
January 1987.
The EIA said crude fell inventories 100,000 barrels, distillates were
unchanged, but the expectations were for a build of 1 million barrels.
The October trade flow numbers are in and they’re disappointing: $48 billion
vs.a $63-65 billion estimate.
Remember: options and futures expire on Friday.
Strong sectors were: Gold
(
XAU.X |
Quote |
Chart |
News |
PowerRating) +1.94%, Oil
(
XOI.X |
Quote |
Chart |
News |
PowerRating)
+1.21%, Natural Gas
(
XNG.X |
Quote |
Chart |
News |
PowerRating) +0.48%.
Weak sectors are: Biotech
(
BTK.X |
Quote |
Chart |
News |
PowerRating) -1.44%, Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating)
-0.67%, Computer Tech
(
XTC.X |
Quote |
Chart |
News |
PowerRating) -0.54%.
Dow | -21.95 | 10,654.50 |
S&P 500 | -1.89 | 1,201.49 |
Nasdaq | -4.31 | 2,155.53 |
The dollar is -0.79 at
81.53
Crude Oil is +1.80 at
44.25
Gold is +4.20 to 440.50
ce=”Arial” size=”2″ face=”Arial”>Volume is 771 million on the NYSE and
1.22 billion on the Nasdaq.
Market breadth is mixed.
NYSE | Issues | |
Advancing | 1818 | Up Vol 410 |
Declining | 1343 | Down Vol 299 |
Ratio | 1.35 | 1.37 |
Nasdaq |
||
Advancing | 1463 | Up Vol 531 |
Declining | 1484 | Down Vol 613 |
Ratio | 1.01 | 1.15 |
Stocks in the News
Dupont
(
DD |
Quote |
Chart |
News |
PowerRating) was upgraded at Smith Barney
Lennar
(
LEN |
Quote |
Chart |
News |
PowerRating) beat estimates and raised 2005 estimates.
Carl Icahn has become the largest shareholder in Blockbuster
(
BBI |
Quote |
Chart |
News |
PowerRating).
Today in History
1939Â “Gone
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