Is This The New Online Trend?
Stocks are lower on higher oil and several blue
ship downgrades. Alcoa
(
AA |
Quote |
Chart |
News |
PowerRating) was downgraded by Goldman Sachs. Pfizer
(
PFE |
Quote |
Chart |
News |
PowerRating) was cut to ‘neutral’ at Merrill Lynch. In the retail sector,
Circuit City
(
CC |
Quote |
Chart |
News |
PowerRating) said same store sales fell 4.3%; expectations were
+2.6%.
Not all the news was bad.
Kimberly Clark (KMB)
guided in-line, saying it would buy back $1 billion in shares, and increased its
dividend by 2.5%.
Neilsen/NetRatings said online spending rose 19%
last month from a year ago, and 62% higher than the 2002 holiday season.
Strong sectors are: Computer Technology
(
XCI.X |
Quote |
Chart |
News |
PowerRating)
+0.38%, Utilities
(
UTY.X |
Quote |
Chart |
News |
PowerRating) +1.49%
Weak sectors are: Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating)
-1.87%, Healthcare Providers
(
HMO.X |
Quote |
Chart |
News |
PowerRating)
-0.81%, Gold
(
XAU.X |
Quote |
Chart |
News |
PowerRating) -1.21%.
Dow | -47.97 | 10544.24 |
S&P 500 | -3.86 | 1187.31 |
Nasdaq | -3.98 | 2143.98 |
The dollar is +0.24 at
81.22
Gold is -1.30 to 453.30
Crude Oil is +0.66 at 43.20
ce=”Arial” size=”2″ face=”Arial”>Volume is 594 million on the NYSE and
1.01 billion on the Nasdaq.
Market breadth is negative.
NYSE | Issues | |
Advancing | 1118 | Up Vol 159 |
Declining | 1995 | Down Vol 376 |
Ratio | 1.78 | 2.36 |
Nasdaq |
||
Advancing | 1493 | Up Vol 554 |
Declining | 1607 | Down Vol 397 |
Ratio | 1.07 | 1.39 |
Stocks in the News.
Monsanto
(
MON |
Quote |
Chart |
News |
PowerRating) may benefit from less resistance to its genetically
altered seeds, says Barron’s.
Celgene
(
CELG |
Quote |
Chart |
News |
PowerRating) reported positive data for several studies.
Apple
(
AAPL |
Quote |
Chart |
News |
PowerRating) was raised at JP Morgan.
Corgentech
(
CGTK |
Quote |
Chart |
News |
PowerRating) is lower after an experimental product failed a
late stage trial. Bristol Myers
(
BMY |
Quote |
Chart |
News |
PowerRating) is also involved in this trial.
Callaway Golf
(
ELY |
Quote |
Chart |
News |
PowerRating) was mentioned positively in Barron’s.
Unocal
(
UCL |
Quote |
Chart |
News |
PowerRating) said its board authorized a $465 million buyback.
Barron’s said Cato Corp.
(
CATO |
Quote |
Chart |
News |
PowerRating) may be undervalued.
Barron’s had some positive comments on American Real Estate
(
ACP |
Quote |
Chart |
News |
PowerRating).
Getty Images
(
GYI |
Quote |
Chart |
News |
PowerRating) was the subject of some positive comments on
Wall Street Week.
Today in History
1768 First Encyclopedia Brittanica published
1865 13th Amendment ratified, abolishing slavery
Brice Wightman