Nasdaq On Track For The Best July In 10 Years!

Stocks were higher on options expiration Friday
after GE reported earnings. The S&P and Nasdaq rose for the 7th
straight up-session.

The PPI for June was unchanged less than expected; ex-food/energy it fell
-0.1%. The Empire State Index was 23.91 vs a consensus of 10. The University of
Michigan Consumer Sentiment Index for July was 96.5 vs 96.0 in June.

General Electric
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was the best earnings growth since 2000. The company also guided lower for Q3.

McDonald’s
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previous estimate was 0.48.

Arch Coal
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According to Thomson Financial, the Nasdaq is on track for its best July in
10 years.

Earnings next week: Look for INTC, YHOO, NVLS and AMGN on Tuesday.

Strong sectors were:    Computer Hardware
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$HWI.X |
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+0.63%    Retail
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$RLX.X |
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$BTK.X |
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Weak sectors were:   Oil Services
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$OSX.X |
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$GSO.X |
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$SOX.X |
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PowerRating) -0.06