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
(
MCD |
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PowerRating) reported same store sales +4%.
Marriot
(
MAR |
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PowerRating) reported better than expected earnings but guided
lower for 2005.
Biogen Idec
(
BIIB |
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PowerRating) missed by 0.02
and guided lower.
Many homebuilders are at historic highs. Toll Brothers
(
TOL |
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PowerRating)
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
Gras.
Strong sectors are: Semis
(
$SOX.X |
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Chart |
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PowerRating)
+1.68%Â Networkers Â
(
$NWX.X |
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Chart |
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PowerRating) +1.28%Â Brokers
(
$XBD.X |
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Chart |
News |
PowerRating) +0.59%.
Weak sectors are:Â Airlines
(
$XAL.X |
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Chart |
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PowerRating)
-1.55%Â Biotech
(
BTK.X |
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Chart |
News |
PowerRating)
-0.83%Â Â Chemicals
(
$CEX.X |
Quote |
Chart |
News |
PowerRating) -0.41%Â
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
(
TASR |
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PowerRating) profit rose by 77%, but still missed by 0.03. Shares
are lower pre-open.
Alcan
(
AL |
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Chart |
News |
PowerRating) reported 0.30 vs 0.52.
Activision reported
(
ATVI |
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Chart |
News |
PowerRating) 0.63 vs 0.56.
Brice Wightman