Surprise From National Semi…
Stocks are off their lows today after
National Semi
(
NSM |
Quote |
Chart |
News |
PowerRating) beat by 0.03 intraday. The day started off red after
Altera
(
ALTR |
Quote |
Chart |
News |
PowerRating) and Xilinx
(
XLNX |
Quote |
Chart |
News |
PowerRating) cut quarterly sales
forecasts.
Eli Lilly
(
LLY |
Quote |
Chart |
News |
PowerRating) said 2005 earnings will rise to between 3.05 and
3.15, up from the 3.12 consensus. The company meets with analysts today.
Costco’s
(
COST |
Quote |
Chart |
News |
PowerRating) earnings rose 21%, but were a penny shy of
expectations.
Ciena’s
(
CIEN |
Quote |
Chart |
News |
PowerRating) loss widened but revenue rose 16%; the company
sees more revenue growth this quarter.
McDonald’s
(
MCD |
Quote |
Chart |
News |
PowerRating) same store sales rose 7.1% in November.
Dreamworks
(
DWA |
Quote |
Chart |
News |
PowerRating) beat by a penny and said it will delay the
release of Shrek 3. It was the first report since the company went public.
Jobless claims for the week of rose 8,000 to 357,000, more than expected and
are now at the highest levels since late September
IPO today: Symmetry Medical (SMA)
GM will cut 12,000 jobs in Europe.
Reminder: roll index futures to March–ESH5, YMH5, NQH5.
Strong sectors are: Oil Services
(
OSX.X |
Quote |
Chart |
News |
PowerRating) +0.98%, Internet
(
GIN.X |
Quote |
Chart |
News |
PowerRating) +0.70%, Biotech
(
BTK.X |
Quote |
Chart |
News |
PowerRating) +0.54%.
Weak sectors are: Semis
(
SOX.X |
Quote |
Chart |
News |
PowerRating) -2.30%,
Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) -1.17%.
Dow | -18.99 | 10,475.24 |
S&P 500 | -2.27 | 1,180.54 |
Nasdaq | -13.16 | 2,112.95 |
The dollar is +0.47 at
82.37
Gold is -4.00 to 435.50
Crude Oil is +0.41 at 42.35
ce=”Arial” size=”2″ face=”Arial”>Volume is 824 million on the NYSE and
1.2 billion on the Nasdaq.
Market breadth is negative.
NYSE | Issues | |
Advancing | 1156 | Up Vol 277 |
Declining | 1979 | Down Vol 486 |
Ratio | 1.71 | 1.75 |
Nasdaq |
||
Advancing | 906 | Up Vol 419 |
Declining | 2080 | Down Vol 748 |
Ratio | 2.29 | 1.78 |
Stocks in the News.
News Corp.
(
NWS |
Quote |
Chart |
News |
PowerRating) will replace Deluxe
(
DLX |
Quote |
Chart |
News |
PowerRating)
in the S&P 500. DLX will be added to the Mid Cap Index.
Time Warner
(
TWX |
Quote |
Chart |
News |
PowerRating) was upgraded at
Smith Barney, to ‘buy.’
Toll Bros
(
TOL |
Quote |
Chart |
News |
PowerRating) profit nearly doubled and the company raised its 2005
guidance
This Day In History
1851 first YMCA opened, in Montreal
1965 “A Charlie Brown Christmas” premiered
Â
Brice Wightman