Stocks Rebound On Tame CPI, Lower Oil

Stocks are rebounding after yesterday’s losses
as a tame CPI eased inflation fears. Consumer prices inched up in January; the
CPI was 0.1%, better than expected. Core CPI was 0.2%, in line. Oil is slightly
lower.

Toll Brothers
(
TOL |
Quote |
Chart |
News |
PowerRating) beat by 0.18 and raised their 2005 outlook.
Quarterly profit jumped 120%.

Lowe’s
(
LOW |
Quote |
Chart |
News |
PowerRating) beat estimates.

Medco
(
MHS |
Quote |
Chart |
News |
PowerRating) will buy Accredo
(
ACDO |
Quote |
Chart |
News |
PowerRating) for $2.2 billion.

Stocks in the News

Martha Stewart Living
(
MSO |
Quote |
Chart |
News |
PowerRating) posted a narrower Q4 loss. Ad revenues
declined. Martha is due to be released from prison on March 6. MSO has risen
160% in the past year.

Goodyear
(
GT |
Quote |
Chart |
News |
PowerRating) raised Q4 guidance, and now sees Q4 earnings between
0.55 and 0.65.

Applied Signal
(
APSG |
Quote |
Chart |
News |
PowerRating) posted flat Q1 results; shares traded lower
pre-open.

Novell
(
NOVL |
Quote |
Chart |
News |
PowerRating) beat by a penny; revenues rose 8.6%.

Autodesk
(
ADSK |
Quote |
Chart |
News |
PowerRating) increased quarterly profits. Revenue rose 21%.

This Day in History

1896  Tootsie Roll
introduced

1945  US flag raised at
Iwo Jima