Investors Gobble Up Stocks
The market rallied again Friday–defying the shorts–with
tech and financial issues leading the pack. The
technical breakout continued, with the Dow is now up five days in a
row–and near a 4 1/2 year high–and the S&P 500 and Nasdaq are up six days in
a row. Intel
(
INTC |
Quote |
Chart |
News |
PowerRating)
traded 80 million shares, up 0.48.
Google
(
GOOG |
Quote |
Chart |
News |
PowerRating) is adding a click-to-call service
that connects users with advertisers by phone. GOOG closed at 422.86, +6.39.
Jobless claims for the week of 11/19 rose 30,000 to
335,000, more than expected. Hurricane-related job losses were 21,000.
The 4-week moving average rose 1250 to 323,250. The Michigan Consumer
Sentiment Index was 81.6 vs the 81 consensus. The Help Wanted Index
was 38 vs a 39 consensus.
Research in Motion
(
RIMM |
Quote |
Chart |
News |
PowerRating) lowered
its Q3 subscriber additions forecast by 8%, citing delays in handset launches.
Sharper Image
(
SHRP |
Quote |
Chart |
News |
PowerRating) missed by 0.03, reporting a 0.70 loss vs. a loss
of 0.24 last year.
A NYSE seat sold for $3.5 million, a new
record. Just last January, prices hit a nine-year low at $975,000.
Strong sectors were:Â Â Airlines
(
XAL |
Quote |
Chart |
News |
PowerRating) +2.09%Â Â
Computer Hardware
(
HWI |
Quote |
Chart |
News |
PowerRating) +1.27%Â Â Â Networkers
(
NWX |
Quote |
Chart |
News |
PowerRating) +1.09%Â Â Â Â Â Â Â Â Â Â
Weak sectors were:Â Â Â
Gold
(
XAU |
Quote |
Chart |
News |
PowerRating) -2.35%Â Â Â Â Natural Gas
(
XNG |
Quote |
Chart |
News |
PowerRating) -1.02%Â Â Â Â Â Â Â Â
Oil
(
XOI |
Quote |
Chart |
News |
PowerRating) -0.62%Â Â
|
|
+44.66 | 10,916.09 |
| +6.42 | 2259.98 | |
| +4.38 | 1265.61 |
More stocks on the move:
Michael’s Stores
(
MIK |
Quote |
Chart |
News |
PowerRating) beat by 0.03 at
0.40 vs. .31 a year ago.
Petco
(
PETC |
Quote |
Chart |
News |
PowerRating) issued downside
guidance.
Coldwater Creek
(
CWTR |
Quote |
Chart |
News |
PowerRating)
beat by a penny and beat on revenues.
Hormel
(
HRL |
Quote |
Chart |
News |
PowerRating) beat by a
penny at 0.59.
Patterson Companies
(
PDCO |
Quote |
Chart |
News |
PowerRating)
was in-line and guided lower for Q3.
Brice Wightman
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