Plenty Of Earnings ReportsTo Cover–Let’s Start With Yahoo
Stocks were higher Tuesday as traders focused on
generally good earnings. It was the first time the S&P and Dow had
two back to back upside days so far this year..
3M
(
MMM |
Quote |
Chart |
News |
PowerRating) reported 0.91, in-line.
Bank of America
(
BAC |
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Chart |
News |
PowerRating) reported a higher Q4 profit, in-line.
National City
(
NCC |
Quote |
Chart |
News |
PowerRating) said Q4 profit rose 76%.
Georgia Pacific
(
GP |
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Chart |
News |
PowerRating) said Q4 will miss due to asbestos-related
charges.
According to a report by Greenwich Associates, hedge funds account for
50% of all option contracts, 30% of all futures contracts and 70% of all ETF
trading.
Airbus unveiled its A380 SuperJumbo, the huge double-decker
800-passenger jet with a tail the size of a 7-story building. The company has 14
orders thus far for the $280 million jet. Rival Boeing
(
BA |
Quote |
Chart |
News |
PowerRating) is
shrugging off the news, trading up 1%.
Krispy Kreme
(
KKD |
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Chart |
News |
PowerRating) CEO Scott Livengood is stepping down; earlier
this month the company said it would restate 2004 financials and is also the
subject of a federal accounting investigation. KKD is trading up 12%.
Yahoo
(
YHOO |
Quote |
Chart |
News |
PowerRating) reported 0.13, beating by 0.02 on $1.08
billion in revenues (up 68%). Motorola
(
MOT |
Quote |
Chart |
News |
PowerRating) beat by 0.04; revenues
were up but margins were less than expected at 33.6%. Â
Advanced Micro Devices
(
AMD |
Quote |
Chart |
News |
PowerRating) missed by 3 cents; revenue was $1.26
billion, in-line. IBM beat by 0.05, reporting $1.81 on $27.7
billion in revenue. Revenue rose 6.8% year/year and gross margins were 39.2%.
Ryland
(
RYL |
Quote |
Chart |
News |
PowerRating) beat by 0.09 and guided higher. Juniper
(
JNPR |
Quote |
Chart |
News |
PowerRating)
beat by a penny, as did Plantronics
(
PLT |
Quote |
Chart |
News |
PowerRating). Rambus
(
RMBS |
Quote |
Chart |
News |
PowerRating)
missed by 0.02.
Strong sectors were: Insurance
(
IUX.X |
Quote |
Chart |
News |
PowerRating) +1.95%, Brokers
(
XBD.X |
Quote |
Chart |
News |
PowerRating)
+1.81%, Banks
(
BKX.X |
Quote |
Chart |
News |
PowerRating) +1.73%.
Â
| Dow | +70.79 | 10,628.79 |
| S&P 500 | +11.44 | 1195.96 |
| Nasdaq | +18.13 | 2,106.04 |
The dollar was +0.30 at
83.36
Crude Oil was -0.03 at
48.50
Gold was +1.00 to 422.80
1.95 billion on the Nasdaq.
Market breadth was positive.
| NYSE | Issues | |
| Advancing | 2233 | Up Vol 1041 |
| Declining | 1115 | Down Vol 364 |
| 2.00 | 2.85 | |
| Nasdaq |
||
| Advancing | 2013 | Up Vol 1182 |
| Declining | 1116 | Down Vol 637 |
| 1.80 | 1.85 |
Stocks in the News
Alcan
(
AL |
Quote |
Chart |
News |
PowerRating) warned that Q4 earnings would fall sharply from the
previous quarter.
Amsouth’s Â
(
ASO |
Quote |
Chart |
News |
PowerRating) fourth quarter net rose 12% and met
estimates.
Cimarex Energy
(
XEC |
Quote |
Chart |
News |
PowerRating) was mentioned favorably in Barron’s.
Freeport McMoran
(
FCX |
Quote |
Chart |
News |
PowerRating) beat estimates, reporting 1.08.
Brice Wightman
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