Navistar To Make Giant Pickup…Look At This
Stocks are higher Monday,
with technology leading the way. This, even though chipmaker Broadcom
(
BRCM |
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PowerRating)
warned. The Nasdaq crossed over 1900 for the first time in two months.
Fears that Hurricane Ivan may impact the
Gulf of Mexico oilfields sent crude oil higher. The Gulf accounts for
one-quarter of US crude and natural gas supply.
Navistar
(
NAV |
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PowerRating) will make a giant
pickup that dwarfs both the Hummer and the F-350. The new CXT (Commercial
Extreme Truck) uses the same frame as a tow truck or cement mixer and will sell
for between $93,000 and $115,000.
| Dow | +25.22 | 10338.29 |
| S&P 500 | +4.99 | 1128.91 |
| Nasdaq | +23.71 | 1918.02 |
Strong today are: Semis
(
SOX.X |
Quote |
Chart |
News |
PowerRating) +3.86%,
Biotech
(
BTK.X |
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Chart |
News |
PowerRating) +2.50%, Internet
(
GIN.X |
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Chart |
News |
PowerRating) +2.33%.
Weak are: REITs
(
RMS.X.X |
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Chart |
News |
PowerRating) -0.72%, Utilities
(
UTY.X |
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Chart |
News |
PowerRating)
-0.50%.
10-year Notes are +080 at 112 170
The dollar
is +0.17 at 88.56
Gold is +2.40 at 403.60
Crude Oil is +1.27 at 44.08
Volume is 630 million on
the NYSE and 956 million on the Nasdaq.
Market breadth is positive.
| NYSE | Issues | |
| Advancing | 2033 | Up Vol 436 |
| Declining | 1108 | Down Vol 139 |
| Ratio | 1.83 | 3.13 |
| Nasdaq |
||
| Advancing | 1918 | Up Vol 787 |
| Declining | 1061 | Down Vol 120 |
| Ratio | 1.80 | 6.55 |
Stocks in the News
US Airways
(
UAIR |
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Chart |
News |
PowerRating) filed for bankruptcy protection Sunday — the
second time in 2 years.
Spectrum Pharmaceuicals
(
SPPI |
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Chart |
News |
PowerRating) said the FDA approved its generic
version of Cipro; one of its partners added a $750,000 investment in the
company.
Astrazeneca’s
(
AZN |
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Chart |
News |
PowerRating) application to sell Exanta was rejected on
Friday.
WalMart
(
WMT |
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Chart |
News |
PowerRating) maintained its sales view.
CKE Restaurants
(
CKE |
Quote |
Chart |
News |
PowerRating) posted a Q2 loss.
Brice Wightman