Stocks Mixed Mid-Session
Stocks are mixed Friday, with the
Nasdaq weighed down by disappointing guidance from Dell. A
wider-than-expected trade deficit and record high oil prices are tempering gains
in the Dow.
The trade deficit for June widened to $58.8 billion vs $55.35 billion
in May.
Dell (DELL)
reported record Q2 earnings, in-line at 0.38/share. Net income was $1.02
billion. Revenue was $13.4 billion, slightly lower than expected. The stock
traded lower after hours. Goldman downgraded the stock to in-line.
Dreamworks
(
DWA |
Quote |
Chart |
News |
PowerRating) swung to a Q2 loss
and reaffirmed its lowered 2005 earnings forecast.
Kohl’s
(
KSS |
Quote |
Chart |
News |
PowerRating) beat by 0.02. Revenue
rose 16%.
Strong sectors are: Gold
(
XAU |
Quote |
Chart |
News |
PowerRating) +0.07%
Weak sectors are: Computer Tech
(
XCI |
Quote |
Chart |
News |
PowerRating) -0.86% Airlines
(
XAL |
Quote |
Chart |
News |
PowerRating)
-1.43% Semis
(
SOX |
Quote |
Chart |
News |
PowerRating)
-1.43%
| Dow | +20.86 | 10,615.27 |
| Nasdaq | -21.89 | 2152.66 |
| S&P 500 | -6.90 | 1230.91 |
Stocks in the news:
Movie Gallery
(
MOVI |
Quote |
Chart |
News |
PowerRating) missed by 0.06.
Same store revenues fell in urban and rural markets.
Nvidia
(
NVDA |
Quote |
Chart |
News |
PowerRating)
beat by 0.07.
Jamdat Mobile
(
JMDT |
Quote |
Chart |
News |
PowerRating) guided lower for Q3.
Emulex
(
ELX |
Quote |
Chart |
News |
PowerRating) beat by 0.06.
An Arizona court dismissed a wrongful death suit against Taser
(
TASR |
Quote |
Chart |
News |
PowerRating).
Brice Wightman