Here’s What’s Splitting For the Third Time

• February 11, 2005
• Brice Wightman

Stocks shrugged of early
weakness and staged a strong rally.  Both the Dow and S &P 500
closed at their highest levels of the year for the second straight session.
Nearly every sector was in the green, with the only exception being utility
issues.  Semiconductors led and stayed strong all session long today after
some healthy industry comments. Chip stocks gained over 3.5% today.

Apple Computer
(
AAPL |
Quote |
Chart |
News |
PowerRating) declared a two-for-one stock split.  This is
only it’s third split in the company’s 25 years as a public company. The split
will be payable on February 28th to shareholders of record on February 18th.

Strong sectors are: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) +3.58% 
Disk Drives
(
$DDX.X |
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News |
PowerRating) +2.35%  Gold & Silver
(
$XAU.X |
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Chart |
News |
PowerRating)
+2.35%.

Weak sectors are:  Utility
(
$UTY.X |
Quote |
Chart |
News |
PowerRating) -0.17%  

Dow		10,796.01
S&P 500		1205.30
Nasdaq		2076.66

The dollar was -+0.04 at
84.61

Crude Oil was +0.06 at
47.16

Gold was +2.30 to 420.30

ce=”Arial” size=”2″ face=”Arial”>Volume was 1.54 billion on the NYSE and
2.14 billion on the Nasdaq.

Market breadth is positive.

NYSE	Issues
Advancing	2179	Up Vol 1156
Declining	1103	Down Vol 341
	1.97	3.39
Nasdaq
Advancing	2043	Up Vol  1588
Declining	1070	Down Vol 525
	1.91	3.02

Stocks in the News

Dell Inc [DELL|DELL reported earnings
indicated soft sales and offered a disappointing outlook.

Pfizer Inc
(
PFE |
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PowerRating) plans to reduce nearly $2 billion to overhaul the
way to market its drugs to doctors.

Veeco Instruments
(
VECO |
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Chart |
News |
PowerRating) is postponing its audited fourth quarter
results due to an investigation in its TurboDisc unit.

Pixar
(
PIXR |
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News |
PowerRating) reported a better than expected profit of 91 cents per
share.

Ebay Inc
(
EBAY |
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Chart |
News |
PowerRating) said it
sees lower new capital expenditures this year than it had earlier forecast.

 

Brice Wightman