These Are The 6 Dual-Listed Companies
Stocks are
higher as investors anxiously await Q4 earnings.
These six companies will simultaneously list their
stock on the Nasdaq and the NYSE: Hewlett Packard
(
HPQ |
Quote |
Chart |
News |
PowerRating), Charles
Schwab
(
SCH |
Quote |
Chart |
News |
PowerRating), Apache
(
APA |
Quote |
Chart |
News |
PowerRating), Cadence Design Systems
(
CDN |
Quote |
Chart |
News |
PowerRating),
Countrywide Financial
(
CFC |
Quote |
Chart |
News |
PowerRating), and Walgreens
(
WAG |
Quote |
Chart |
News |
PowerRating). They
will be allowed to retain their three-letter symbols while other companies
currently trading on Nasdaq have a minimum of four. The move is expected to
allow faster and better executions for these stocks. SunTrust Banks
(
STI |
Quote |
Chart |
News |
PowerRating)
reported fourth-quarter earnings up 1%, beating analysts’ expectations. Net
income reached $342.5 million with revenue rising 7% to $1.46 billion. On March
17, Bank of America
(
BAC |
Quote |
Chart |
News |
PowerRating) shareholders will discuss the merger with
Fleet Boston
(
FBF |
Quote |
Chart |
News |
PowerRating) .
| Dow | +12.29 |
10471.01 |
| S&P 500 | +2.55 | 1124.46 |
| Nasdaq | +13.58 |
2100.50 |
The day’s leading sectors are
Computer Hardware
(
HWI.X |
Quote |
Chart |
News |
PowerRating) +2.21%, Networking
(
NWI.X |
Quote |
Chart |
News |
PowerRating)
+1.80%, Semis
(
SOX.X |
Quote |
Chart |
News |
PowerRating) +1.80%,
Disk Drives
(
DDX.X |
Quote |
Chart |
News |
PowerRating) +1.74%, Telcoms [XTC.X|XTC.X]
+1.10%.
Weak today is Gold and
Silver
(
XAU.X |
Quote |
Chart |
News |
PowerRating) -0.91%, and Retails
(
RLX.X |
Quote |
Chart |
News |
PowerRating) -0.92%.
No Economic news
releases today.
10-year Notes are +105
at 114 080
The dollar
is +0.23 at 85.62
Gold is +0.30 at 427.50
Crude Oil is +0.30 at
33.85
Volume is 651,000,000 on
the NYSE, and 1,011,000,000 on the Nasdaq.
Market breadth is positive.
| NYSE | Issues | |
| Advancing | 1813 | Up Vol 369 |
| Declining | 1329 | Down Vol 271 |
| Ratio | 1.38 | 1.36 |
| Nasdaq | ||
| Advancing | 1854 | Up Vol 820 |
| Declining | 1198 | Down Vol 270 |
| Ratio | 1.50 | 3.04 |
Top Dow stocks are:
SBC Communications
(
SBC |
Quote |
Chart |
News |
PowerRating), +2.48%
at 26.80, Caterpillar [CAT|CAT],
+2.26% at 82.22, AT&T [T|T],
+2.03% at 21.49, and Hewlett Packard |HPQIHPQ],
+1.90% at 24.67.
Stocks in the news:
Sales at discount retailer Wal-Mart
(
WMT |
Quote |
Chart |
News |
PowerRating)
for stores open at least a year were in the range of the company’s Januaray
growth forecase of 3%-5%.
Pharmaceutical Dendreon
(
DNDN |
Quote |
Chart |
News |
PowerRating) rose
more than 25% after reporting Phase III trials of Provenge showed an 89% overall
increase in prostate cancer patient survival time.
FootLocker
(
FL |
Quote |
Chart |
News |
PowerRating) upped fourth-quarter
earnings guidelines by raising expected income from continuing operations to
41-45 cents a share. It also expects to report same-store sales at the high end
of previous forecasts.
Adecco
(
ADO |
Quote |
Chart |
News |
PowerRating) lost more than 35% on
reports of possible accounting control and compliance issues. The company will
not able to release an audit of its 2003 full year accounts until Feb 4.
bricew@tradingmarkets.com