Market Rally, Plus, MSO Up 8%–Here’s Why
Stocks rebounded on good internals after yesterday’s losses
as a tame CPI eased inflation fears. Stocks were lifted mid-day after the Fed
minutes showed several members saw upward inflation risk.
Consumer prices inched up in January; the CPI was 0.1%, better than expected.
Core CPI was 0.2%, in line. Oil is slightly lower, but still above $51.
Proctor & Gamble
(
PG |
Quote |
Chart |
News |
PowerRating) led the blue chips higher on a UBS upgrade.
Toll Brothers
(
TOL |
Quote |
Chart |
News |
PowerRating) beat by 0.18 and raised their 2005 outlook.
Quarterly profit jumped 120%.
Lowe’s
(
LOW |
Quote |
Chart |
News |
PowerRating) beat estimates.
Medco
(
MHS |
Quote |
Chart |
News |
PowerRating) will buy Accredo
(
ACDO |
Quote |
Chart |
News |
PowerRating) for $2.2 billion.
Martha Stewart Living
(
MSO |
Quote |
Chart |
News |
PowerRating) posted a narrower Q4 loss. Ad revenues
declined. Martha is due to be released from prison on March 6. MSO has risen
160% in the past year. MSO gained 8% today.
S&P lowered its 2005 growth projections for the semiconductors.
Strong sectors were:Â HMOs Â
(
$HMO.X |
Quote |
Chart |
News |
PowerRating)
+1.75%Â Â Oil Services
(
$OSX.X |
Quote |
Chart |
News |
PowerRating) +1.62%Â Chemicals
(
$CEX.X |
Quote |
Chart |
News |
PowerRating)
+1.56%Â
Weak sectors were:Â Disk Drives
(
$DDX.X |
Quote |
Chart |
News |
PowerRating) -1.41%Â
 Semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) -0.41%Â Â Gold
(
$HUI.X |
Quote |
Chart |
News |
PowerRating)
-0.44%
Dow | +63.40 | 10,674.90 |
Nasdaq | +1.59 | 2031.91 |
S&P 500 | +6.74 | 1190.92 |
The dollar was +0.29 at
82.73
Crude Oil was -0.24 at
51.18
Gold was +0.90 to 434.20
ce=”Arial” size=”2″ face=”Arial”>Volume was 1.44 billion on the NYSE and
1.84 billion on the Nasdaq.
Market breadth was positive.
NYSE | Issues | |
Advancing | 2149 | Up Vol 924 |
Declining | 1160 | Down Vol 364 |
1.85 | 2.53 | |
Nasdaq |
||
Advancing | 1660 | Up Vol 996 |
Declining | 1446 | Down Vol 702 |
1.14 | 1.41 |
Stocks in the News
Goodyear
(
GT |
Quote |
Chart |
News |
PowerRating) raised Q4 guidance, and now sees Q4 earnings between
0.55 and 0.65.
Applied Signal
(
APSG |
Quote |
Chart |
News |
PowerRating) posted flat Q1 results.
Novell
(
NOVL |
Quote |
Chart |
News |
PowerRating) beat by a penny; revenues rose 8.6%.
Autodesk
(
ADSK |
Quote |
Chart |
News |
PowerRating) increased quarterly profits. Revenue rose 21%.
This Day in History
1896Â Tootsie Roll
introduced.
1945Â US flag raised at
Iwo Jima.
Brice Wightman