Now You Can Trade Options On Google — Here’s How
Stocks closed mixed
on light volume Thursday. The semis lead technology stocks down after a
Bank of America downgrade of AMD.
Disappointing sales from Krispy Kreme and Starbucks
added to the weakness.
Starbucks
(
SBUX |
Quote |
Chart |
News |
PowerRating) reported its lowest growth in 14 months
and Krispy Kreme
(
KKD |
Quote |
Chart |
News |
PowerRating) reported sharply lower
earnings, reporting $0.09 vs a $0.22 estimate. Oil fell for a fifth day in a
row.
Jobless claims jumped unexpectedly, rising 10,000 to
343000. The 4-week moving average is 336,750. Hurricane Charley is being blamed,
in part, for the rise.
Stocks related to the Olympics include: GE
(broadcaster), BUD, T, BAC, CVX, EK, GM, MFC, MC, MCD, KO, TWX, XRX (sponsors).
Google options begin trading tomorrow in
the March cycle under the symbol GOQ. Initial strikes will range from 80 to 140,
in 5-point increments.
American Airlines
(
AMR |
Quote |
Chart |
News |
PowerRating) said its
outlook for Q3 “has worsened.”
After the close, TiVo
(
TIVO |
Quote |
Chart |
News |
PowerRating) beat by
0.12 and beat on revenues. Tech Data
(
TECD |
Quote |
Chart |
News |
PowerRating) beat by 0.03 and beat on
revenues.
Â
| Dow | -8.33 | 10173.41 |
| S&P 500 | +0.13 | 1105.09 |
| Nasdaq | -7.80 | 1852.92 |
Strong today were: Airlines
(
XBD.X |
Quote |
Chart |
News |
PowerRating) +0.78%, Oils
(
XOI.X |
Quote |
Chart |
News |
PowerRating) +0.65%, ChemicalsÂ
(
CEX.X |
Quote |
Chart |
News |
PowerRating) +0.62%.
Weak were: Semis
(
SOX.X |
Quote |
Chart |
News |
PowerRating) -1.00%, Internet
(
GIN.X |
Quote |
Chart |
News |
PowerRating) -1.12%.
10-year Notes were +085 at 112 255
The dollar
was -0.12 at 89.29
Gold was +0.80 at 406.90
Crude Oil was -0.42 at
43.05
Volume was 1.02 billion
on the NYSE and 1.16 billion on the Nasdaq.
Market breadth was mixed.
| NYSE | Issues | |
| Advancing | 1791 | Up Vol 541 |
| Declining | 1472 | Down Vol 385 |
| Ratio | 1.21 | 1.40 |
| Nasdaq |
||
| Advancing | 1227 | Up Vol 366 |
| Declining | 1839 | Down Vol 724 |
| Ratio | 1.49 | 1.97 |
Stocks in the News
Advanced Micro Devices
(
AMD |
Quote |
Chart |
News |
PowerRating) was lowered at Bank of America.
Estimates were also lowered
on INTC, BRCM, MU, and TXN.
An FDA study showed
that patients who took Merck’s Vioxx had 50% more heart attacks than
patients who took Pfizer’s Celebrex. Merck disputes the findings and will
conduct its own study.
Taser
(
TASR |
Quote |
Chart |
News |
PowerRating) received purchase orders
for $1 million.
Apollo Group (APOL)
said enrollments for Q1 ’05 would be up 40%.
Cirrus
(
CRUS |
Quote |
Chart |
News |
PowerRating) cut its work force by 7%.
Brice Wightman