One-Day Wonder?
Stocks are lower and consolidating after yesterday’s
large gains. Higher oil is also holding the market down.
Google
(
GOOG |
Quote |
Chart |
News |
PowerRating) reported 1.12, beating by 0.20. In the same period
last year the company earned 0.24. Google has beaten estimates since it went
public last year.
Amgen
(
AMGN |
Quote |
Chart |
News |
PowerRating) missed by a penny at 0.67. Revenue was $2.7 billion.
The company increased its full-year guidance. 2002
Eastman Kodak
(
EK |
Quote |
Chart |
News |
PowerRating) missed by a wide margin.
Maytag
(
MYG |
Quote |
Chart |
News |
PowerRating) Q1 profit fell 80%. The company cited higher fuel an
raw materials costs and also guided lower.
International Paper
(
IP |
Quote |
Chart |
News |
PowerRating) beat expectations by 0.02.
Strong sectors are:Â Â Oil Services
(
$OSX.X |
Quote |
Chart |
News |
PowerRating) +1.41%Â Â
Oil
(
$OIX.X |
Quote |
Chart |
News |
PowerRating) +1.23%Â Â Â Natural Gas
(
$XNG.X |
Quote |
Chart |
News |
PowerRating)
+0.96%
Weak sectors are: Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating) -3.91% Â Computer
Hardware
(
$HWI.X$ |
Quote |
Chart |
News |
PowerRating)
-2.28%Â Â Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) -1.54%
Dow | -44.71 | 10,173.89 |
Nasdaq | -22.03 | 1940.38 |
S&P 500 | -4.75 | 1155.20 |
The dollar is -0.21 at
83.49
Crude Oil is +1.00 at
55.20
Gold is +2.50 at 434.50
ce=”Arial” size=”2″ face=”Arial”>Volume is 806 million on the NYSE and
773 million on the Nasdaq.
Market breadth is negative.
NYSE | Issues | |
Advancing | 1209 | Up Vol 280 |
Declining | 1862 | Down Vol 435 |
1.54 | 1.55 | |
Nasdaq |
||
Advancing | 838 | Up Vol 190 |
Declining | 1999 | Down Vol 526 |
2.38 | 2.76 |
Stocks in the News
Callaway Golf’s
(
ELY |
Quote |
Chart |
News |
PowerRating) profit was cut in half; the company missed
by 0.03.
Costco
(
COST |
Quote |
Chart |
News |
PowerRating) lowered guidance citing weaker gasoline sales.
Brice Wightman