Stocks Rise On Earnings And Pullback In Crude
Nasdaq leads the indices finishing up nearly 1%.Â
Crude oil futures closed lower by 1.7% at $60.36.
Wednesday‘s
market action created a 10 day intraday high as well as 3
straight days of advancers outnumbering decliners on the S&P 500 Index
(explanations below), which are bearish signals. It will be interesting to see if we get more
bearish signals next week and if any trigger on the Nasdaq, which has been
rangebound for most of the past week (click
here for more info).
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move
Weaker Demand, Higher Costs Drags Down Black &
Decker
(
BDK |
Quote |
Chart |
News |
PowerRating) Q3 Profit; Sees Q4, FY06 EPS Below Consensus; Boosts Share
Buyback; Declares Dividend (full
story). BDK shares finish the day up by nearly 5%.
Aetna
(
AET |
Quote |
Chart |
News |
PowerRating) Q3 Profit Rises, Revenues Up
11%, Boosts FY06 EPS Target, Initiate FY07 EPS Outlook (full
story). AET shares finish higher by 7.5%.
Bristol-Myers Squibb
(
BMY |
Quote |
Chart |
News |
PowerRating) Q3 Profit
Plummets On Reduction In Plavix Sales, Lifts FY 06 Earnings Outlook (full
story). BMY shares close lower by 0.6%.Â
Boyd Gaming
(
BYD |
Quote |
Chart |
News |
PowerRating) Slips To Loss In Q3;
Income From Cont. Operations Declines (full
story). BYD shares close fractionally lower.
Raytheon
(
RTN |
Quote |
Chart |
News |
PowerRating) Q3 Profit Up 41.6% On Higher
Sales At Integrated Defense Systems, Aircraft Units; Boosts FY06 Outlook (full
story). RTN shares fall by 0.5%.
Starwood Hotels
(
HOT |
Quote |
Chart |
News |
PowerRating) Q3 Profit Surges
Despite Lower Revenues; Guides Q4, FY06, FY07 EPS (full
story). HOT shares decline by over 1%.
Exxon Mobil
(
XOM |
Quote |
Chart |
News |
PowerRating) Q3 Profit Rises On Oil
Prices, EPS Tops Consensus (full
story). XOM shares close higher by 0.8%.
For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News section.
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Dow
align=middle width=”33%” height=18>
+28.98
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12,163.66
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NASDAQ
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+22.51
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2,379.10
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S&P 500
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+6.85
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1,389.07
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align=middle width=”33%” height=17>
size=2>NYSE
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size=2>NASDAQ
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Volume
align=middle width=”33%” height=17>
2,721,575,000
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2,301,106,000
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Advances
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2202
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2006
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Declines
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1068
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1063
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Up Volume
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1605
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1479
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Down Volume
align=middle width=”33%” height=17>
827
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622
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New Hi’s
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385
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224
width=”33%” height=17>
New Lo’s
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13
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48
Strongest
Sectors
Weakest
Sectors
Amex Airline Index (XAL)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>
Economic
News
Natural Gas Stocks
Up 19 BCF
Sept. New Home
Sales 1.075 Mln. Vs. 1.021 Mln. In August
Former Fed.
Chairman Greenspan – Most Housing Negatives Behind Us
Sept. Durable
Goods Up 7.8%
DHelvetica>arren Wong
darrenw@tradingmarkets.com
face=Arial color=#000000 size=2>
Use our
most
popular trading tool to find out how your stocks will move in the next 5
days.
10
Day High Alert– This is an alert that the market has hit a 10 day new
high intra-day today. Historically this has meant that when the market is above
its 200 day ma, little progress has been seen over the next 2-5 days (on
average) as the market is either overbought or nearing overbought conditions.
It’s a good place to be taking profits. When the market is below its 200 day ma
and the market hits a new 10 day high, it has been, on average, a good place to
be looking to put on short positions.
Adv.
Issues > Dec. Issues 3 Days In A Row- Too many stocks rising in one
day or over multiple days usually precede a market that will be quiet or drop.
Too many stocks declining in one day or over multiple days usually precede a
market rally, especially when the market is above its 200 day ma.
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