Stocks Open Higher; AAPL Earnings Surge on iPod Sales
Stocks opened higher this morning after a spectacular earnings
report from Apple
(
AAPL |
Quote |
Chart |
News |
PowerRating) yesterday afternoon. The iPod maker
reported an 88% increase in earnings due to surging iPod and Mac computer sales.
AAPL shares are currently up over 6% in early trading.Â
Exxon Mobil
(
XOM |
Quote |
Chart |
News |
PowerRating) reported first quarter net income
of $9.3 billion vs. $8.4 billion over last year’s Q1. XOM shares are flat.
3M’s
(
MMM |
Quote |
Chart |
News |
PowerRating) net income surged 52.2% to $1.37 billion. MMM shares
are up 4% this morning.
Homebuilder stocks are trading higher this morning despite an
earnings miss from Beazer Homes
(
BZH |
Quote |
Chart |
News |
PowerRating). Total revenue for BZH
dropped to $826.3 million from $1.37 billion a year earlier. BZH shares
are up 2.5% in early trading.
For more stocks
to watch, see
TradingMarkets 7 Trading Ideas for Today.
Thursday‘s
PowerRatings Heat Map continues to be moderately bearish, with very little
green to be found. The weakest looking sector today is the Energy sector,
which carries the most risk after the recent runup.Â
Today’s featured
list comes from our
PowerRatings Biggest
Up Changes. These stocks have had the biggest
one-day move to the upside in their PowerRatings. These stocks are possible buy candidates.
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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