Merger Monday–Here’s Who’s Involved
Stocks are higher, bouncing off an oversold
condition.
Boston Scientific’s
(
BSX |
Quote |
Chart |
News |
PowerRating) Q4 sales rose 70%, but the company said
that 2005 earnings would be adversely affected by a loss in Japan.
Alcoa
(
AA |
Quote |
Chart |
News |
PowerRating) kicks off the Q4 earnings season after the close;
analysts are looking for 0.41.
Tomorrow, Intel reports; estimates are
0.31. On Wednesday, it’s Apple, with a 0.46 estimate, thanks to iPod, and
then on Thursday look for Sun Microsystems with a 0.01 estimate.
Strong sectors are: Natural Gas
(
XNG.X |
Quote |
Chart |
News |
PowerRating) +2.03%, Oil Services
(
OSX.X |
Quote |
Chart |
News |
PowerRating)
+1.852%, Biotech
(
BTK.X |
Quote |
Chart |
News |
PowerRating)
+1.63%.
Weak sectors are: Computer Technology
(
XTC.X |
Quote |
Chart |
News |
PowerRating) -0.62%,
Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) -1.37%.
Â
| Dow | +30.52 | 10,634.48 |
| S&P 500 | +5.54 | 1191.73 |
| Nasdaq | +15.88 | 2,104.49 |
The dollar is +0.35 at
83.26
Crude Oil is +1.42 at
46.85
Gold is +.50 to 419.80
2.18 billion on the Nasdaq.
Market breadth is positive.
| NYSE | Issues | |
| Advancing | 2202 | Up Vol 409 |
| Declining | 956 | Down Vol 189 |
| 2.30 | 2.16 | |
| Nasdaq |
||
| Advancing | 1869 | Up Vol 570 |
| Declining | 1093 | Down Vol 394 |
| 1.70 | 1.44 |
Stocks in the News
Walgreen
(
WAG |
Quote |
Chart |
News |
PowerRating) was the subject of a positive article in Barron’s
which said the stock could hit $50 in 12 months.
Diebold
(
DBD |
Quote |
Chart |
News |
PowerRating) was the subkect of a positive article in Barron’s.
Alcoa
(
AA |
Quote |
Chart |
News |
PowerRating) will report after the close; analysts are looking for 0.41.
American Pharmaceutical
(
APPX |
Quote |
Chart |
News |
PowerRating) said the FDA approved Abraxane,
for breast cancer.
Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating)Â will report after the close; analysts are
looking for 0.22.
Brice Wightman