Intel News Balanced With Record Trade Gap
Stocks are slightly higher as traders balance a good
report from Intel with rising oil prices and concern about Q4 earnings.
Intel
(
INTC |
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PowerRating) beat by 0.03, gave an upbeat outlook and said cap ex
would increase more than was expected. Also look at AMAT, KLAC and NVLS today.
UPS warned for Q4, now seeing 75 to 77 cents, down from 83 to 87
cents. Also watch Fedex
(
FDX |
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PowerRating) to trade in sympathy; FDX reaffirmed
its Q3 guidance, though.
The trade deficit for November widened unexpectedly to 60.3 billion, a new
record high. The dollar fell on the news. October was $56 billion.
Mortgage applications fell 3% last week.
Goldman upgraded the telecom equipment sector: CSCO, CIEN and JNPR.
Strong sectors are: Oil Services
(
OSX.X |
Quote |
Chart |
News |
PowerRating) +1.83%, Semis
(
SOX.X |
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PowerRating)
+1.23 %, Internet
(
GIN.X |
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News |
PowerRating) +0.72%.
Weak sectors are: Airlines
(
XAL.X |
Quote |
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News |
PowerRating) -0.92%, Banks
(
BKX.X |
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PowerRating)
-0.42%.
Â
| Dow | +31.27 | 10,587.49 |
| S&P 500 | +1.51 | 1184.50 |
| Nasdaq | +4.02 | 2,083.64 |
The dollar is -0.93 at
82.09
Crude Oil is +0.19 at
46.10
Gold is +3.60 to 425.90
1.1 billion on the Nasdaq.
Market breadth is negative.
| NYSE | Issues | |
| Advancing | 1397 | Up Vol 327 |
| Declining | 1735 | Down Vol 349 |
| 1.24 | 1.06 | |
| Nasdaq |
||
| Advancing | 1087 | Up Vol 666 |
| Declining | 1851 | Down Vol 431 |
| 1.70 | 1.54 |
Stocks in the News
Amarin
(
AMRN |
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News |
PowerRating) reported positive Phase IIa trial results using
Miraxin for depression.
Coach
(
COH |
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News |
PowerRating) said it will earn at least 0.67; the estimate was
0.66.
Genzyme
(
GENZ |
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PowerRating) said Q4 revenue rose 23%. guided higher
Medicis
(
MRX |
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PowerRating) was raised to a buy at Merrill Lynch.
Hovnanian
(
HOV |
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PowerRating) said it will miss the $1.40 estimate because of
the wet weather in California.
Today In History
1971Â Â “All In The Family” debuted on CBS.
Brice Wightman
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