Look For Cisco After The Close, Plus, This Name-Brand IPO Prices Tonight

Stocks are higher, but traders are cautious ahead of
Cisco’s report,
due out after the close. Estimates are 0.22 on $6.13
revenues. Oil is at a one-month low. The dollar is at a 2-month high vs. the
Yen.

McDonald’s
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reported same store sales +4%.

Marriot
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reported better than expected earnings but guided
lower for 2005.

Biogen Idec
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missed by 0.02
and guided lower.

Many homebuilders are at historic highs. Toll Brothers
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reported a 7200-home backlog–the highest in the company’s history.

Look for pricing on the FTD IPO tonight–13.1 million shares between
$12-$14.

Today is Fat Tuesday, which marks the end of Mardi
G
ras
.

Strong sectors are: Semis
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+1.68%  Networkers  
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+1.28%  Brokers
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+0.59%.

Weak sectors are: Airlines
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$XAL.X |
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-1.55%  Biotech
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BTK.X |
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-0.83%   Chemicals
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-0.41% 

Dow +12.41 10,728.02
S&P 500 +1.07 1202.79
Nasdaq +5.42 2087.41

The dollar is flat at
85.04

Crude Oil is -0.08 at
45.20

Gold is +0.70 to 412.80

ce=”Arial” size=”2″ face=”Arial”>Volume is 584 million on the NYSE and
506 million on the Nasdaq.

Market breadth is positive.

NYSE Issues
Advancing 1667 Up Vol 304
Declining 1407 Down Vol 212
1.18 1.43
Nasdaq
Advancing 1561 Up Vol 536
Declining 1321 Down Vol 297
1.18 1.80

Stocks in the News

EDS beat by a penny.

Business Objects (BOBJ)
beat by 0.04, reversing a year-ago loss.

Taser
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profit rose by 77%, but still missed by 0.03. Shares
are lower pre-open.

Alcan
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reported 0.30 vs 0.52.

Activision reported
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0.63 vs 0.56.

Brice Wightman