Oil Is Higher, But This Airline Expects To Make Money This Year
Stocks are higher Friday,
boosted by a good report from a Dow component and a good unemployment number.
Nonfarm payrolls rose by 146,000, less than the expected 200K. The May figure
was revised to +104K from +78K. The unemployment rate fell to 5.0%, the lowest
level since September 2001. Average hourly earnings rose 0.2%.
Alcoa
(
AA |
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Chart |
News |
PowerRating) beat by a penny, reporting the best results in the
company’s history. Revenues rose 13%.
JetBlue
(
JBLU |
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Chart |
News |
PowerRating) CEO David Neeleman said he expects his company to
be profitable for the rest of the year. This, despite higher oil prices.
Barron’s Online said Amgen
(
AMGN |
Quote |
Chart |
News |
PowerRating) was a better buy than
Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating).
Medical Properties Trust (MPW)
priced its IPO at $10.50, within the $10-$12 range. The company is a REIT which
buys, develops and leases healthcare facilities.
Strong sectors are:Â Â Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)
+1.31% Â Â Chemicals
(
$CEX.X |
Quote |
Chart |
News |
PowerRating) +1.28% Â Â Computer Hardware
(
HWI.X |
Quote |
Chart |
News |
PowerRating) +1.16%Â Â Â Â Â Â
Â
    Â
Weak sectors are: Â Internet
Â
(
$GIN.X.X |
Quote |
Chart |
News |
PowerRating)
-0.14%Â Â Â Â Â Â Â Â
| Dow | +93.37 | 10,395.66 |
| Nasdaq | +11.79 | 2087.45 |
| S&P 500 | +7.70 | 1205.57 |
The dollar is +0.05 at
90.33
Crude Oil is +1.07 at
61.80
Gold is -0.70 at 422.80
590 million on the Nasdaq.
Market breadth is positive.
| NYSE | Issues | |
| Advancing | 1952 | Up Vol 421 |
| Declining | 1037 | Down Vol 153 |
| 1.88 | 2.75 | |
| Nasdaq |
||
| Advancing | 1531 | Up Vol 382 |
| Declining | 1200 | Down Vol 150 |
| 1.27 | 2.54 |
Stocks in the News
Sunoco
(
SUN |
Quote |
Chart |
News |
PowerRating) approved a 2:1 stock split.
Marathon
(
MRO |
Quote |
Chart |
News |
PowerRating) boosted production estimates for Q2.
Siebel
(
SEBL |
Quote |
Chart |
News |
PowerRating) sees Q2 revenue below estimates.
Bank of America reiterated a buy on Apple
(
AAPL |
Quote |
Chart |
News |
PowerRating) and raised
earnings estimates.
Callaway Golf
(
ELY |
Quote |
Chart |
News |
PowerRating) guided lower.
Morgan Stanley cut Wendy’s
(
WEN |
Quote |
Chart |
News |
PowerRating) to underweight.
Brice Wightman