These 3 Stocks Traded Up After Hours
Stocks sold off into the close after spending much
of the day in a trading range.
The trend thus far this year is for the indices to close on their lows and today
was no exception. Higher oil–at $49–didn’t help matters.
Twelve Dow stocks are reporting this week, as well
as 162 S&P stocks. Overall, 25% of the S&P companies are reporting in-line. It’s
a big week for pharmaceutical earnings, as LLY, SGP and AZN all report. Oil and
weather are in focus today; energy stocks are making new highs.
Of note: it is the first time since 1982 that the major indices all finished
lower in the first three weeks of the year.
Kimberly Clark
(
KMB |
Quote |
Chart |
News |
PowerRating) reported 0.91 vs 0.90 expectation and guided
higher for 2005.
Lexmark
(
LXK |
Quote |
Chart |
News |
PowerRating) beat by .04 and beat on revenues.
Legg Mason
(
LM |
Quote |
Chart |
News |
PowerRating) posted a record quarter, beating by 0.11.
Intraday, American Express
(
AXP |
Quote |
Chart |
News |
PowerRating) reported Q4 that beat by a penny
and beat on revenues. Union Pacific
(
UNP |
Quote |
Chart |
News |
PowerRating) beat by 0.04 and also beat
on revenuew.
Researchers at Johns Hopkins say Pfizer’s
(
PFE |
Quote |
Chart |
News |
PowerRating) Viagra may reduce
some types of heart
disease. The drug stopped the overgrowth of hearts in mice.
After the close, Cognex
(
CGNX |
Quote |
Chart |
News |
PowerRating) beat by 0.03 but issued downside
guidance. JDA Software
(
JDAS |
Quote |
Chart |
News |
PowerRating) beat by 0.08 and beat on revenues.
Silicon Labs
(
SLAB |
Quote |
Chart |
News |
PowerRating) beat by 0.04. Netflix
(
NFLX |
Quote |
Chart |
News |
PowerRating)
beat by 0.04. These last three stocks traded up after hours.
The Iraq elections are on Sunday, and OPEC meets then as well. Next week,
look for the FOMC.
Strong sectors were: Utilities
(
UTY.X |
Quote |
Chart |
News |
PowerRating) +0.93%, Oil
(
XOI.X |
Quote |
Chart |
News |
PowerRating) +0.82%, Oil
Services OSXI.X|OSX.X]
+0.71%.
Weak sectors were: Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) -4.49%, Internet
(
GIN.X |
Quote |
Chart |
News |
PowerRating) -2.44%, Biotech
(
BTK.X |
Quote |
Chart |
News |
PowerRating) -2.05%.
| Dow | -24.38 | 10,368.61 |
| S&P 500 | -4.12 | 1163.75 |
| Nasdaq | -25.57 | 2008.70 |
The dollar was -0.01 at
83.26
Crude Oil was +0.30 at
48.83
Gold was -0.10 to 426.90
2.1 billion on the Nasdaq.
Market breadth was negative.
| NYSE | Issues | |
| Advancing | 1329 | Up Vol 478 |
| Declining | 2003 | Down Vol 842 |
| 1.50 | 1.76 | |
| Nasdaq |
||
| Advancing | 910 | Up Vol 403 |
| Declining | 2217 | Down Vol 1530 |
| 2.43 | 3.79 |
Stocks in the News
Corinthian Colleges
(
COCO |
Quote |
Chart |
News |
PowerRating) said the SEC has ended its
investigation, with no enforcement action. The stock is tradeing higher
pre-open.
Eaton
(
ETN |
Quote |
Chart |
News |
PowerRating) reported 1.16, beating by 0.03; the company will raise
its dividend by 15%.
E-Loan
(
EELN |
Quote |
Chart |
News |
PowerRating) will offer financing to customers who buy cars on
EBAY.
Pilgrims’ Pride beat by 0.02
Station Casinos
(
STN |
Quote |
Chart |
News |
PowerRating) beat by 0.07.
Occidental Petroleum
(
OXY |
Quote |
Chart |
News |
PowerRating) posted a higher quarterly profits, but
missed estimates at 1.67.
Brice Wightman
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