Here’s What Citigroup Says About GM
Stocks are mixed on GE guidance and a good jobs
report. April non-farm payrolls rose +275K, much more than expected.
The unemployment rate was 5.2%.
The Dow and S&P have been in a trading range for a month, but in the last 2
days, have broken out. Small caps have also done well this week, with the $RUT
making its first breakout in a long time.
Citigroup said that Moody’s and\or Fitch will likely
downgrade GM debt in the next 30 days.
At its annual analysts meeting, Intel
(
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PowerRating) said it would grow
by double digits in 2005.
GE is restating earnings for 2002-2004 and guided higher.
Pixar’s
(
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Strong sectors are: Â Oil Services
(
$OSX.X |
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PowerRating) +1.30%Â
Internet
(
$GIN.X |
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(
$XBD.X |
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+1.07%Â
Weak sectors are:Â Airlines
(
$XAL.X |
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PowerRating) -1.70%Â Gold
(
$HUI.X |
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(
$BKX.X |
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PowerRating) -0.68%
| Dow | -28.58 | 10,368.96 |
| Nasdaq | +3.90 | 1965.70 |
| S&P 500 | +2.15 | 1174.25 |
The dollar is +0.70 at
84.64
Crude Oil is +0.82 at
51.65
Gold is -6.70 at 424
684 million on the Nasdaq.
Market breadth is positive.
| NYSE | Issues | |
| Advancing | 1486 | Up Vol 378 |
| Declining | 1587 | Down Vol 268 |
| 1.06 | 1.41 | |
| Nasdaq |
||
| Advancing | 1461 | Up Vol 420 |
| Declining | 1304 | Down Vol 214 |
| 1.12 | 1.96 |
Stocks in the News
Activision
(
ATVI |
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forecasting a loss.
McAfee
(
MFE |
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PowerRating) beat and guided higher.
Northwest Airlines ordered 18 Boeing
(
BA |
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PowerRating)Â 787 Dreamliners.
Revlon
(
REV |
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PowerRating) missed by 0.06..
Brice Wightman