These Earnings Will Impact Tuesday’s Trading

  • July 25, 2005
  • Brice Wightman

Stocks were lower as a poor report from Xerox
overshadowed good earnings from American Express. The S&P has been up
10 of the past 11 days.

American Express
(
AXP |
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PowerRating) beat by 0.03 and Xerox
(
XRX |
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Existing home sales for June rose 2.7% to a record 7.33 million units. 
The median home price rose 14.7% to $219,000, the highest level since November
1980. In the Northeast, prices rose, 3.4%; Midwest, 1.9%; South, 1.1% and West,
5.5%.

Wal Mart
(
WMT |
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to run at least 90 by 2006.

Teva
(
TEVA |
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(
IVX |
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PowerRating) in a deal worth $7.4
billion. Teva is the largest public company in Israel.

After the close, Netflix
(
NFLX |
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PowerRating) beat by 0.12 and raised
guidance The stock traded up after hours.. Texas Instruments
(
TXN |
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reported 0.32, 0.03  than expected. Revenues were $3.24 billion. The
company will also increase its dividend.  JDA Software
(
JDAS |
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beat by 0.06. Archipelago
(
AX |
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PowerRating) beat by  0.03. Altera
(
ALTR |
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PowerRating)
beat by a penny and guided Q3 above consensus. Human Genome
(
HGSI |
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beat by 0.5.

Fidelity said the SEC is recommending civil charges against the
company regarding gifts and gratuities and said it it would “vigorously defend
itself.”

In other earnings this week, look for BIIB, IMCL, AMZN, SUNW, ISSX, SYMC and SEBL.

Strong sectors were:  Oil Services
(
OSC.X |
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PowerRating)
+0.97%      Oil
(
$XOI.X |
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PowerRating) +0.35%      
Natural Gas
(
$XNG.X |
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Chart |
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PowerRating) +0.16%

Weak sectors were:   Biotech
(
$BTK.X |
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Chart |
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PowerRating) -1.68%      Gold
(
$XAU.X |
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Chart |
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PowerRating)
-1.15%     Networkers
(
$NWX.X |
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Chart |
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PowerRating) -1.06%

Dow -54.70 10,596.48
Nasdaq -13.00 2166.74
S&P 500 -4.65 1229.03

The dollar was +0.08 at 89.72

Crude Oil was
+0.45 at 58.20

Gold was +0.60
at 424.60

ce=”Arial” size=”2″ face=”Arial”>Volume was 1.29 billion on the NYSE and
1.4 billion on the Nasdaq.

Market breadth was negative.

NYSE Issues
Advancing 1215 Up Vol 502
Declining 2066 Down Vol 954
1.70 1.90
Nasdaq
Advancing 1182 Up Vol 516
Declining 1884 Down Vol 855
1.59 1.65

Stocks in the News

Arch Coal
(
ACI |
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Quest Diagnostics
(
DGX |
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PowerRating) was in-line.

General Motors
(
GM |
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PowerRating) will introduce a small car to China. The Aveo
will sell for about $11,000.

BellSouth
(
BLS |
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PowerRating) reported 0.46, 0.03 better than expected.

Forest Labs
(
FRX |
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for its Alzheimer’s drug Namenda.

Diagnostic Products
(
DP |
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PowerRating) beat by 0.03. Revenues rose 13.6%.

Anadigics
(
ANAD |
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PowerRating) beat by 0.05 and guided Q3 higher.

Brice Wightman