Poker Is Hot. This IPO Could be Hot, Too
Stocks are higher, shooting
for three in a row–on good economic data and a blue chip upgrade.
Q4 GDP was 3.8%, revised from 3.1%. January
existing home sales slipped 0.1%, but remained at the seventh highest pace on
record at a 6.80 million unit annual rate.
ExxonMobil
(
XOM |
Quote |
Chart |
News |
PowerRating) was upgraded at Prudential. The major oil
indices–XOI, OSX and XNG–all hit 52-week highs.
Kohl’s (KSS)
beat by a penny.
H&R Block
(
HRB |
Quote |
Chart |
News |
PowerRating) beat estimates. Profits fell 14%.
Party Gaming, the Gibralter-based owner of
PartyPoker.com, may plan an IPO on the London exchange this year. This,
according to Pokerpulse, an industry tracker, who says the company will generate
$2 billion in revenues this year.
Strong sectors are:Â Homebuilders Â
(
$HGX.X |
Quote |
Chart |
News |
PowerRating)
+2.33%Â Â Oil
(
$OIX.X |
Quote |
Chart |
News |
PowerRating) +2.23%Â Â Natural Gas
(
$XNG.X |
Quote |
Chart |
News |
PowerRating)
+2.13%
| Dow | +59.95 | 10,808 |
| .74 | +8.49 | 2060.19 |
| S&P 500 | +8.52 | 1208.72 |
The dollar is +0.03 at
82.91
Crude Oil is -0.21 at
51.15
Gold is +2.50 to 453.30
866 million on the Nasdaq.
Market breadth is positive.
| NYSE | Issues | |
| Advancing | 2301 | Up Vol 498 |
| Declining | 848 | Down Vol 150 |
| 2.71 | 3.32 | |
| Nasdaq |
||
| Advancing | 1724 | Up Vol 447 |
| Declining | 1203 | Down Vol 356 |
| 1.43 | 1.25 |
Stocks in the News
CV Theraputics (CVTX)
missed by 0.35.
Qwest
(
Q |
Quote |
Chart |
News |
PowerRating) raised its bid for MCI Inc.
(
MCIP |
Quote |
Chart |
News |
PowerRating).
Ingram Micro (IM)
beat by 0.05.
McData (MCDTA)
beat by a penny.
TiVo
(
TIVO |
Quote |
Chart |
News |
PowerRating) is rumored to be an acquisition target by Apple,
though the company says it’s not for sale.
Brice Wightman