Merger Monday–Here’s Who’s Involved
Stocks are higher on two mergers, lower oil and a
new chief at Disney.
Bob Iger will replace Michael Eisner at Disney
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DIS |
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stepping down a year earlier than originally planned.
IBM is buying Ascential
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ASCL |
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MO |
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buying 40% of Indonesian tobacco firm PT HM Sampoema.
JP Morgan lifted its earnings estimates on Apple Computer
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Conseco
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CNO |
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Strong sectors are: Airlines Â
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$XAL.X |
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+2.17%Â Â Utilities
(
$UTY.X |
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Brokers
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$XBD.X |
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PowerRating) +0.76%
Weak sectors are:Â Gold
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$XAU.X |
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-1.85%Â Â Internet
(
$DOT.X |
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PowerRating) -1.23%Â Â Â
Homebuilders Â
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HGX.X |
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PowerRating) -0.85%Â Â Â Â Â
| Dow | +21.06 | 10,795.42 |
| Nasdaq | +3.40 | 2045.00 |
| S&P 500 | +3.50 | 1203.58 |
The dollar is -0.15 at
81.47
Crude Oil is +0.86 at
55.12
Gold is +4.30 at 445.60
814 million on the Nasdaq
Market breadth is near even.
| NYSE | Issues | |
| Advancing | 1642 | Up Vol 324 |
| Declining | 1527 | Down Vol 245 |
| 1.07 | 1.32 | |
| Nasdaq |
||
| Advancing | 1484 | Up Vol 378 |
| Declining | 1487 | Down Vol 363 |
| 1.00 | 1.03 |
Stocks in the News
The Wall Street Journal reports that AIG’s Hank Greenberg will
be stepping down as early as this week.
Taser
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PowerRating) will be in focus after a man died on Friday after
being Tasered.
SafeNet
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SDFNT |
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PowerRating) received a $7.7 million contract form the Dept.
of Defense.
Barron’s said OpenText
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OTEX |
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FILE |
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may be buyout targets.
Brice Wightman