Look For Earnings From These Companies After The Close…
Stocks are higher
as oil is retreating off a new high after
Al Sadr agreed to lay down arms in Najaf. OPEC is raising its demand forecast,
and said that higher oil prices had little impact on world economic growth.
Crude inventories fell by 1.3 million barrels. Estimates for S&P 500 earnings
for Q3 are for +14.8% gains; the tech index, however, estimates are +34%, down
from 38% in July
Google cut its IPO price from $108 – $135
to $85 -$85. The company will also cut the number of shares being offered by
shareholders — to 5.5 million from 12 million. The company asked the SEC to
declare its registration effective as of today at 4:00 PM ET, a day later than
originally planned.
After the close, look for earnings from HOTT
(0.10), INTU (-0.07), PETC (0.29) and SNPS (0.32) — estimates are in
parentheses.
Look for the book to bill number on Thursday.
| Dow | +27.72 | 10000.63 |
| S&P 500 | +5.93 | 1087.62 |
| Nasdaq | +18.17 | 1813.42 |
Strong today are: Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) +3.40%, Semis
(
SOX.X |
Quote |
Chart |
News |
PowerRating)
+1.89%, Biotech
(
BTK.X |
Quote |
Chart |
News |
PowerRating) +1.71%, Brokers
(
XBD.X |
Quote |
Chart |
News |
PowerRating)
+2.06%.
10-year Notes are -155 at 112 245
The dollar
is +0.16 at 88.22
Gold is -0.10 at 403
Crude Oil is +0.04 at
46.30
Volume is 588 million on
the NYSE and 716 million on the Nasdaq.
Market breadth is positive.
| NYSE | Issues | |
| Advancing | 2210 | Up Vol 428 |
| Declining | 953 | Down Vol 119 |
| Ratio | 2.31 | 3.60 |
| Nasdaq |
||
| Advancing | 1949 | Up Vol 495 |
| Declining | 929 | Down Vol 181 |
| Ratio | 2.09 | 2.73 |
Stocks in the News
Taser
(
TASR |
Quote |
Chart |
News |
PowerRating)
is up after the company said it had received orders from several law
enforcement agencies totaling $741 million.
Applied Materials
(
AMAT |
Quote |
Chart |
News |
PowerRating) beat estimates
yesterday but warned for the current quarter.
Network Appliance
(
NTAP |
Quote |
Chart |
News |
PowerRating) beat by a penny
Standard Microsystems
(
SMSC |
Quote |
Chart |
News |
PowerRating) cut its revenue forecast.
Brice Wightman