Retail Sales Spurn Rallies
Stocks rallied today, with the Nasdaq locking in the largest gains of the 3
major indexes. Stocks rose today on mostly positive sentiments surrounding a
surprisingly positive retail sales report this morning. Yahoo! continues to
drive news, with potential acquisition suitors lining up for a shot at the
prize.
Yahoo!
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PowerRating) continued in the lime-light today, as reports of
potential acquisition talks with News Corp
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PowerRating) circulated the
trading floors. YHOO rallied today, as traders continue to digest the internet
giant’s refusal of a hostile takeover bid by Microsoft
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PowerRating).
Coca-Cola
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PowerRating) fell 1% despite reporting a 79% in quarterly profit
growth and a rosy outlook for 2008 (full
story).
Applied Materials
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AMAT |
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PowerRating) rallied 9% after beating analyst
expectations, despite posting falling profit numbers (full
story).
First Solar
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PowerRating) rallied nearly 30% after easily trumping
analyst expectations.
MGIC
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PowerRating) fell 12.5% after reporting $1.5 billion worth in Q4
losses.
Crude oil rallied 0.5% on U.S. reports that retail sales and gasoline
increased last month. Gold futures were flat today.
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