Strong Open
The Nasdaq is set for a
strong open off news that Dell
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DELL |
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PowerRating) reported that its 2nd
Quarter earnings will exceed its earlier forecasts. Additional help to the
overall market is going to come from General Electric which came in with 2nd
Quarter earnings which met earlier estimates. A further boost for the Nasdaq
may come from Juniper
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PowerRating) which reported a 2nd Quarter profit and
Rambus
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RMBS |
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News |
PowerRating) which reported 3rd quarter earnings that exceeded
same-quarter results from the last year.
Overnight futures are showing indicating a positive open with S&P Futures up
2.80, Nasdaq-100 Futures up 18.00, DJIA Futures up 63.00.
Yesterday, the market rallied late in the day
and morning action is looking to follow-through to the upside. This is
confirmed through pre-market activity in the Nasdaq Big Caps:
Dell Computer (DELL)
up 1.50 at 25.43
Cisco Systems (CSCO)
up 0.20 at 14.25
Intel (INTC)
up 0.31 at 18.56
Microsoft (MSFT)
up 0.64 at 53.55
Oracle (ORCL)
up 0.20 at 9.62
Sun Micro (SUNW)
up 0.10 at 5.50
Yahoo (YHOO)
dn 0.12 at 12.80
Qualcomm (QCOM)
up 0.288 at 28.198