Stocks Close Green
Stocks rose Wednesday, but closed off
their highs after blasts ripped through three hotels in Amman,
Jordan. Twenty-three are reported dead and scores injured. Jordanian police
suspect suicide bombers and say the attacks carry the Al Qaeda trademark.
Negative research notes from Deutsche Bank sent General
Motors
(
GM |
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Chart |
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PowerRating) to a 13-year low.
CEOs of five major oil companies testified before
Congress today.
Crude inventories rose 4.42 million barrels, much more
than expected; gas inventories rose 4.22 million barrels, also more than
expected; distillates fell 84,000 barrels, more than expected.
The dollar traded near a 2-year high vs. the euro as
traders anticipate further rate hikes and violence continues in France.
After the close, Cisco
(
CSCO |
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PowerRating) beat by a penny, as
did JDS Uniphase
(
JDSU |
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News |
PowerRating).
Home Depot
(
HD |
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Chart |
News |
PowerRating) rose 0.24 after an upgrade to
outperform at Piper Jaffray.
AIG
(
AIG |
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Chart |
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PowerRating) said it will restate its financial
results for 2002-2004 and delay its 10-Q filing by five days.
McKesson
(
MCK |
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PowerRating) beat by 0.02
on $21.6 billion revenues and issued in-line guidance.
King Pharmaceutical
(
KG |
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Chart |
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PowerRating) beat by 0.19
and beat on revenues.
Federated
(
FD |
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Chart |
News |
PowerRating) beat by 0.10,
ex-items.
Prudential’s
(
PRU |
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PowerRating) board
authorized a $2.5 billion stock buyback in 2006.
Strong sectors were:Â Â Â Gold
(
XAU |
Quote |
Chart |
News |
PowerRating) +3.09%Â Â Â Â Â Â Â Â Airlines
(
XAL |
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Chart |
News |
PowerRating)
+1.92%Â Â Â Â Â Semis
(
SOX |
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Chart |
News |
PowerRating) +1.40%Â Â Â Â Â Â
Weak sectors were:Â Â Oil
(
XOI |
Quote |
Chart |
News |
PowerRating) -0.83%Â Â Â Â Oil Services
(
OSX |
Quote |
Chart |
News |
PowerRating) -0.46%Â Â Internet
(
GIN |
Quote |
Chart |
News |
PowerRating) -0.44%Â Â Â Â
    Â
|
|
+6.49 | 10,546.21 |
| +3.74 | 2175.81 | |
| +2.06 | 1220.65 |
More stocks on the move:
Integrated Device Technology
(
IDTI |
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Chart |
News |
PowerRating) beat by 0.03
and expanded its stock buyback program.
Genzyme
(
GENZ |
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Chart |
News |
PowerRating) was raised to outperform at Bear
Stearns.
Hansen Natural
(
HANS |
Quote |
Chart |
News |
PowerRating) beat
by 0.23 and beat on revenues. Q3 profit more than tripled.
Fisher
(
FHS |
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Chart |
News |
PowerRating) beat by 0.04 and guided higher.
Pixar
(
PIXR |
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Chart |
News |
PowerRating) rose 11% after the company beat
forecasts.
Integrated Device Technology
(
IDTI |
Quote |
Chart |
News |
PowerRating) beat by 0.03
and expanded its stock buyback program.
Marvel
(
MVL |
Quote |
Chart |
News |
PowerRating) missed by 0.07, missed on
revenues and guided lower. The stock fell 22%.
Brice Wightman
Â