Intel Disappoints
Stocks fell Thursday on higher energy prices and cautious statements
from two homebuilders. Â Hovnanian
(
HOV |
Quote |
Chart |
News |
PowerRating) beat by 0.11 but guided Q1 and FY 2006 lower.
Toll Brothers
(
TOL |
Quote |
Chart |
News |
PowerRating) Q4
rose 70%, but the company cut its 2006 profit forecast.
Natural Gas Inventories fell by 59 billion cubic feet;
natural gas rose 10%, nearing
historic high levels.
Initial Jobless Claims rose unexpectedly,
to 217,000
(report).
The 4-week moving average
fell fell 250 to 322,500. Treasuries are
trading higher, while the US Dollar Index is trading lower.
The New England Journal of Medicine said a study financed by
Merck
(
MRK |
Quote |
Chart |
News |
PowerRating) could have fudged data. A third Vioxx trial just went to
the jury. The stock traded lower after hours.
In its mid-quarter update, Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) lowered the high end of
its guidance and sees Q4 revenues between $10.4 -10.6 billion. The stock
traded lower after hours.
KH Homes
(
KBH |
Quote |
Chart |
News |
PowerRating)
raised its dividend 33% to an annual $1.00/share.
National Semiconductor [NSM}NSM] beat by 0.04.Sales rose 21%.
Texas Instruments
(
TXN |
Quote |
Chart |
News |
PowerRating) increased guidance to the top end of the
range.
Strong sectors were:Â Â Oil Services
(
OSX |
Quote |
Chart |
News |
PowerRating) +3.43%Â Â Â
Gold
(
XAU |
Quote |
Chart |
News |
PowerRating) +1.80%Â Â Â Â Natural GasÂ
(
XNGI |
Quote |
Chart |
News |
PowerRating)
+1.76%Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
Weak sectors were:Â Â
Semis
(
SOX |
Quote |
Chart |
News |
PowerRating) -1.70%Â Â Â Computer TechnologyÂ
(
XCI |
Quote |
Chart |
News |
PowerRating) -0.68%Â Â Â Â SoftwareÂ
(
GSO |
Quote |
Chart |
News |
PowerRating)
-0.59%Â Â Â
|
|
-55.79 | 10,755.12 |
| -5.56 | 2246.45 | |
| -1.53 | 1255.84 |
More stocks on the move:
Veritas
(
VTS |
Quote |
Chart |
News |
PowerRating) beat by 0.12 and beat on revenues.
Xilinx
(
XLNX |
Quote |
Chart |
News |
PowerRating) raised guidance and now sees December sales up
4-8% sequentially.
Brinker International
(
EAT |
Quote |
Chart |
News |
PowerRating) guided FY 2006 lower. November
same-store-sales rose 3% year/year.
Brice Wightman
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