Stocks Mixed, Consumer Spending Disappoints

  • April 30, 2007
  • Darren Wong

U.S. stocks are mixed this morning as
weaker-than-expected economic data was released.  The Dow is
fractionally higher, while the Nasdaq and S&P 500 are fractionally
lower.

June crude futures are
fractionally lower this morning to $66.24 a barrel. 
June gold futures are trading fractionally higher to $682.00 an ounce.

Around Asia, Shanghai’s Composite
Index rose 2.2% to 3,841.27, Tokyo’s Nikkei Index lost 0.2% to
17,400.41, and Hong Kong’s Hang Seng Index lost 1% to 20,318.98.

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. 


Stocks in
Motion

Humana
(
HUM |
Quote |
Chart |
News |
PowerRating) Q1 Profit Falls 15% On Absence Of Gain,
Higher Expenses; EPS Tops Expectations; Revenues Rise 32%; Guides Q2; Lifts FY07
EPS View, Backs Revenue Outlook (full
story).  HUM shares are down 2.5%

Yahoo
(
YHOO |
Quote |
Chart |
News |
PowerRating) To Buy Rest Of Right Media For $680 Mln (full
story).  YHOO shares are lower by 0.4%.

RadioShack
(
RSH |
Quote |
Chart |
News |
PowerRating) Q1 Profit Soars More-than Five-fold
On Lower Expenses; Top Line Declines 14.5%, Comps Down 9.2% (full
story).  RSH shares jump 8%.

Sysco
(
SYY |
Quote |
Chart |
News |
PowerRating) Q3 Profit Up 15% On Sales Growth Of 5%;
EPS Misses Consensus (full
story).  SYY shares drop 4.5%.

Kindred Healthcare
(
KND |
Quote |
Chart |
News |
PowerRating) Q1 Profit Declines; Backs
FY07 EPS Outlook; Reveals Deal To Buy Ventas Facilities For $171 Mln (full
story).  KND shares lose 3.2%.

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

Market Snapshot

Dow

 +10.24 13,131.18

NASDAQ

 -6.04 2,551.17

S&P 500

 -0.08 1,493.99

 

 NYSE NASDAQ

Volume

 1,136,610,000 813,639,000

Advances

 1467 1249

Declines

 1590 1638

Up Volume

 474 293

Down Volume

 532 439

New Highs

 213 108

New Lows

 15 36



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Deutsche Bank Energy Index (DXE) GSTI Multimedia Networking Index (GIP)
CBOE Oil Index (OIX) GSTI Internet Index (GIN)
CBOE Dow Ten Index (MUT) Nasdaq Telecom Index (IXTCX)


Economic
News

Personal Spending
+0.3% vs +0.5% consensus, prior +0.6%

Personal
Income +0.7% vs +0.5% consensus, prior +0.6%

PCE Deflator y/y +2.4%

Darren Wong

Associate Editor

darrenw@tradingmarkets.com