Michael Dell Is Optimistic–Here’s Why
Stocks are mixed, with
Caterpillar holding the Dow back after missing estimates. UPS also
missed. The Nasdaq is slightly higher,
helped by positive comments from Lehman on Cisco.
Durable goods orders for December rose 0.6%,
largely in-line. Jobless claims rose 7,000 to 325,000–less than expected. The
4-week moving average is now 341,750.
Microsoft
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report 0.33 after the close. Revenues are expected to be $10.5 billion.
Bristol Myers
(
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Dow Chemical
(
DOW |
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Nokia
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NOK |
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AT&T
(
T |
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(
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The Iraq elections are on Sunday, and OPEC meets then as well. Next week,
look for the FOMC.
Strong sectors are: Natural Gas
(
XNG.X |
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+3.75%, Oil Services
(
OSX.X |
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(
BTK.X |
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+0.69%.
Weak are: Gold
(
XAU.X |
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| Dow | -24.76 | 10,473.83 |
| S&P 500 | +1.99 | 1176.06 |
| Nasdaq | +4.64 | 2050.73 |
The dollar is +0.12 at
83.42
Crude Oil is +0.37 at
49.15
Gold is -1.80 to 425
Market breadth is positive.
| NYSE | Issues | |
| Advancing | 1904 | Up Vol 451 |
| Declining | 1208 | Down Vol 282 |
| 1.57 | 1.59 | |
| Nasdaq |
||
| Advancing | 1512 | Up Vol 513 |
| Declining | 1336 | Down Vol 492 |
| 1.13 | 1.04 |
Stocks in the News
Bausch & Lomb
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Astrazeneca
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Michael Dell said his company will grow sales significantly faster
than the overall market in 2005.
LSI Logic (LSI)
beat by 0.03, but revenue was lower.
RealNetworks (RNWK)
reported a smaller loss; the stock trade dup after hours.
Starbucks (SBUX)
beat by a penny.
Cabot Micro
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CCMP |
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PowerRating) missed by 0.10.
Brice Wightman