The Market May Be Down, But These Stocks Are All Up Over 2%
Stocks are lower Thursday
after shocking news from Europe.
A series of explosions hit London’s
subway system during rush hour in what appears to be a well-coordinated attack;
a bomb also hit a double decker bus. The BBC reported that Al Qaeda took credit
for the attacks, which claimed 33 lives.
Jobless claims for the week
of 7/2 rose 7,000 to 319,000. June retail sales rose overall. ANF, KSS,
CHS and JCP all reported outstanding results.
Crude inventories fell 3.6 million
barrels, much more than expected. Distillate stocks saw a build of 4 million
barrels. Gas inventories fell 900K barrels.
In light of today’s attacks in London, security and biopharma stocks are in
focus, among them:
Acambis
(
ACAM |
Quote |
Chart |
News |
PowerRating), a maker of vaccines, is up 4%.
Hollis-Eden
(
HEPH |
Quote |
Chart |
News |
PowerRating) is up 3%; the company makes a treatment for
radiation poisoning.
Cehpeid
(
CPHD |
Quote |
Chart |
News |
PowerRating), a maker of biohazard detection systems, is up 2%.
Human Genome Science
(
HGSI |
Quote |
Chart |
News |
PowerRating) is up 2%.
Also, GLD is in focus after today’s terror attack, as will crude oil,
which is trading lower as traders worry that the attacks will decrease the
demand for jet fuel and diesel as travel and transportation in general may
soften.
At press time, Schwab
(
SCH |
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Chart |
News |
PowerRating) is halted, news pending.
Haliburton
(
HAL |
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Chart |
News |
PowerRating) received $5 billion in new Army contracts.
American Eagle
(
AEOS |
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Chart |
News |
PowerRating) said June comps rose 28%; the company also
guided higher for Q2.
Same store sales at Wet Seal
(
WTSLA |
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Chart |
News |
PowerRating) rose 59.3%.
Dennis is now a hurricane; it
was upgraded overnight from a tropical storm.
Strong sectors are:Â Â Â Gold
(
XAU.X |
Quote |
Chart |
News |
PowerRating)
+0.89%Â Â Â Homebuilders
(
$HGX.X |
Quote |
Chart |
News |
PowerRating) +0.37% Â Â Â
Â
    Â
Weak sectors
are: Â Airlines
Â
(
$XAL.X.X |
Quote |
Chart |
News |
PowerRating)
-2.23%Â Â Â Â Oil Services
(
$OSX.X |
Quote |
Chart |
News |
PowerRating) -1.60%Â Â Â Â Â Â Chemicals
(
$CEX.X |
Quote |
Chart |
News |
PowerRating)
-1.17% Â
| Dow | -57.39 | 10,215.13 |
| Nasdaq | -12.17 | 2056.48 |
| S&P 500 | -6.96 | 1187.98 |
The dollar is -0.12 at
90.26
Crude Oil is -1.33 at
59.95
Gold is +0.90 at 425.10
691 million on the Nasdaq.
Market breadth is negative.
| NYSE | Issues | |
| Advancing | 723 | Up Vol 111 |
| Declining | 2270 | Down Vol 548 |
| 3.13 | 4.93 | |
| Nasdaq |
||
| Advancing | 702 | Up Vol 161 |
| Declining | 2086 | Down Vol 479 |
| 2.97 | 2.97 |
Stocks in the News
Red Envelope
(
REDE |
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Chart |
News |
PowerRating) delayed its 10K filing.
Ruby Tuesday missed by a penny.
Starbucks‘
(
SBUX |
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Chart |
News |
PowerRating) June comps rose 7%, in-line.
Murphy Oil
(
MUR |
Quote |
Chart |
News |
PowerRating) guided higher.
Brice Wightman