Is This The New Trend At Home Depot?
Stocks
are mixed on Thursday as higher oil offset a rosy forecast from Nokia
(
NOK |
Quote |
Chart |
News |
PowerRating), which raised guidance for Q3.
The Labor Department reported the steepest weekly decline in first
time unemployment claims since December 2001. Claims fell 44,000 to 319,000 for
the week of September 4. The 4-week moving average is now 339,250 and has been
in the 330,000 to 340,000 range for months.
Home Depot
(
HD |
Quote |
Chart |
News |
PowerRating) will open a store in
lower Manhattan and will be more high end than other locations, sporting a
doorman and concierge, but no parking lot.
New Yorkers pay the highest state and locals
taxes in the nation; Tennessee pays the least. This from a new study by the
Massachusetts Taxpayers Foundation. Rounding out the top ten are: 2. Maine; 3.
Wyoming; 4. Hawaii, 5.Wisconsin; 6. Rhode Island; 7. Minnesota; 8. West
Virginia; 9. New Mexico, and 10. Louisiana.
| Dow | -15.56 | 10298.85 |
| S&P 500 | +0.72 | 1116.99 |
| Nasdaq | +6.21 | 1856.85 |
Strong today are: Semis
(
SOX.X |
Quote |
Chart |
News |
PowerRating) +2.51%,
Oil
(
XOI.X |
Quote |
Chart |
News |
PowerRating)
+1.02%, Computer Technology
(
XCI.X |
Quote |
Chart |
News |
PowerRating)
+0.62%.
Weak are: REITs
(
RMS.X |
Quote |
Chart |
News |
PowerRating) -1.14%, Internet
(
UTY.X |
Quote |
Chart |
News |
PowerRating)
-1.03%, Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) -0.969%.
10-year Notes are +006 at 113 200
The dollar
is +0.03 at 88.80
Gold is -1.00 at 398.70
Crude Oil is +1.33 at
44.10
Volume is 666 million on
the NYSE and 816 million on the Nasdaq.
Market breadth is positive.
| NYSE | Issues | |
| Advancing | 1692 | Up Vol 329 |
| Declining | 1437 | Down Vol 275 |
| Ratio | 1.17 | 1.19 |
| Nasdaq |
||
| Advancing | 1576 | Up Vol 460 |
| Declining | 1328 | Down Vol 300 |
| Ratio | 1.18 | 1.53 |
Stocks in the News
Texas Instruments
(
TXN |
Quote |
Chart |
News |
PowerRating) guided revenue lower but will meet its
earnings estimates.
National Semiconductor
(
NSM |
Quote |
Chart |
News |
PowerRating) reports Q1
mid-day; analysts are looking for 0.26.
Apple Computer’s
(
AAPL |
Quote |
Chart |
News |
PowerRating) rating was cut at Bear Stearns.
Charlotte Russe
(
CHIC |
Quote |
Chart |
News |
PowerRating) cut its profit and sales forecasts.
Amgen
(
AMGN |
Quote |
Chart |
News |
PowerRating) was cut to Hold at UBS
Warburg.
Priceline
(
PCLN |
Quote |
Chart |
News |
PowerRating) reported a wider than
expected loss and will lay off 15% of its workforce.
Boeing
(
BA |
Quote |
Chart |
News |
PowerRating) received a contract to build 3
satellites for Direct TV.
Brice Wightman