Stocks Mixed as GDP Numbers Disappoint, MSFT, BIDU in Focus
The major indices are mixed after first quarter GDP numbers
came in lower than expected. U.S. gross domestic product grew 1.3%, which
was sharply lower than the 2.5% increase expected by economists.
A few bright spots showing up this morning include
Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating) and Baidu.com
(
BIDU |
Quote |
Chart |
News |
PowerRating). Dow component
Microsoft announced a 65% increase in its fiscal third-quarter profit. The
company benefited on sales of its new Vista operating system.
Chinese internet search company Baidu.com reported
first-quarter net earnings of $11.1 million up from $4 million a year ago.Â
BIDU shares are up 18% in early trading.
Broadcom
(
BRCM |
Quote |
Chart |
News |
PowerRating) reported a 50% drop in 2007 Q1
earnings over the same period last year. BRCM shares are sliding lower in
early trading.
For more stocks
to watch, see
TradingMarkets 7 Trading Ideas for Today.
Today‘s
PowerRatings Heat Map continues to be moderately bearish, with very little
green to be found. The Energy sector continues to look the weakest since
it has had a major runup and long positions in this sector will carry higher
risk.Â
Today’s featured
list comes from our
PowerRatings
Top 10 Low-Priced Stocks. These stocks are trading at less than $10
per share and have the highest PowerRatings.
For a free PowerRatings trial,
click here. If
you have any questions about PowerRatings or the new Stock Indicators please
feel free to email us or call 213-955-5858 ext 1.
Darren Wong
Associate Editor
darrenw@tradingmarkets.com
Reminder: We are in no
way recommending the purchase or short sale of these stocks. This article is
intended for education purposes only. Trading should be based on your own
understanding of market conditions, price patterns and risk; our information is
designed to contribute to your understanding.
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