Stocks Wearin’ The Green

Stocks are slightly green, with higher crude oil
tempering good broker earnings.
Crude oil is trading off its $57.50
intraday highs.

Morgan Stanley
(
MWD |
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beat by 0.19; revenue rose 10%.

Goldman Sachs
(
GS |
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beat by 0.26; net income climbed 17%.

PanAmSat (PA) began trading today; offering price: $18, under the
original $19-$21 talk. The company first went public in 1997 and was taken
private last year. The stock yields 8.6%. PA is trading at 17.34.

Jobless claims fell 10,000 to 318,000; the 4-week moving average is now
316,500. The Philly Fed came in at 11.4 in March, compared with 23.9 last month.

With the recent drop, GM now has a lower market cap than such names as
Harley Davidson, Nike and Gap.

Strong sectors are: Natural Gas
(
$XNG.X |
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+1.39%   Oil
(
$OIX.X |
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PowerRating)

+0.15%   Chemicals
(
$CEX.X |
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+1.56%

Weak sectors are: Homebuilders  
(
$HGX.X |
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-0.87%    Insurance
(
$IUX.X |
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-0.77%  
Gold

(
$XAU.X |
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-0.51%    

Dow +8.29 10,641.36
Nasdaq +4.98 2020.73
S&P 500 +3.40 1191.47

The dollar is +0.20 at
81.82

Crude Oil is +0.20 at
57.25

Gold is -4.00 at 439.20

ce=”Arial” size=”2″ face=”Arial”>Volume is 784 million on the NYSE and
880 million on the Nasdaq

Market breadth is mixed.

NYSE Issues
Advancing 1804 Up Vol 426
Declining 1334 Down Vol 285
1.35 1.49
Nasdaq
Advancing 1412 Up Vol 449
Declining 1520 Down Vol 371
1.07 1.21

Stocks in the News

Digital River
(
DRIV |
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raised its Q1 guidance. The stock is trading
higher pre-open.

FedEx
(
FDX |
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beat by 0.05.

Ann Taylor
(
ANN |
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posted a wider than expected loss of 0.18 vs. teh
expected loss of 0.07.

Viacom
(
VIA |
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is considering separating its cable and film division
from its broadcast, TV and radio division. The stock rallied sharply at the
close yesterday on the news. 

Qwest raised its bid for MCI to $26/share.

Brice Wightman