Stocks Lack Direction

  • August 2, 2007
  • John Patrick Lee

The major averages have lacked direction this morning, fluctuating
between small losses and small gains. Positive earnings news from Nokia, Starbucks, Viacom, Walt Disney, and Eastman Kodak.

Eastman Kodak’s
(
EK |
Quote |
Chart |
News |
PowerRating) net profit for the second quarter of 2007 were
$592 million, compared to a net loss for the second quarter of 2006 of $282
million (more).

Nokia
(
NOK |
Quote |
Chart |
News |
PowerRating) announced a sharp jump in net profit for the second
quarter, driven mainly by gains from the formation of Nokia Siemens (more).

Viacom
(
VIA |
Quote |
Chart |
News |
PowerRating) posted second quarter adjusted net income from
continuing operations of $368.9 million, compared to $344.7 million in the prior
year quarter (more).

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Stocks in Motion

Starwood Hotels
(
HOT |
Quote |
Chart |
News |
PowerRating) Q2 Profit Falls On Charges, Absence Of Prior
Year Benefit; Lifts FY07 Adj. EPS View (full
story).

Lear
(
LEA |
Quote |
Chart |
News |
PowerRating) Back In The Black In Q2 On Tight Cost Control; Lifts
FY07 Expectations (full
story).

Sunoco
(
SUN |
Quote |
Chart |
News |
PowerRating) Q2 Benefits From Strong Refining & Retail Marketing
Margins And Expense Control (full
story).

For more stories as they happen, go to our
Breaking News section.


Market Snapshot

Dow

 44.47 13406.84

NASDAQ

 11.80 2565.67

S&P 500

 1.95 1467.76

NYSE NASDAQ

Volume

 742,706,200 985,653,820

Up Volume

 454,135,010 632,827,527

Down Volume

 281,221,390 324,658,308

Advances

 1,950 1,557

Declines

 1,234 1,254

New Highs

 33 38

New Lows

 330 260


Strongest/Weakest Industry Groups

Strongest Industries

Weakest Industries

Publishing-Periodicals
Cleaning Products

Multimedia & Graphics Software		 Medical
Practitioners
Farm Products Toys &
Games



Economic
News

Initial Jobless Claims:
+4K. Expected: +9K. Previous: -2K

June Factory Orders: +0.6%.
Expected: +1.0%. Previous: -0.5%.

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