These earnings will move Wednesday’s market

Stocks were mixed Tuesday,
with only the Dow in the green.
A
late-day selloff had stocks closing near their session lows, with the Nasdaq
making a three-month low and closing below its 200-day moving average.

After the close, Advanced Micro Devices
(
AMD |
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beat by 0.10. At press time, the stock was halted. Apple Computer
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reported 0.50 for Q4, including a 12 cent per share tax benefit, beating
estimates by a penny. Revenues came in slightly below estimates. The stock
traded down after hours.

Alcoa
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reported 0.33, topping
reduced estimates.  AA closed at 22.85, +0.19.

Genentech
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reported 0.33, beating
by 0.05, ex-items. DNA rose 2.59 at 84.59.

IBM was upgraded to outperform at CSFB
with a $95 price target.

Johnson Controls
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raised guidance
and now sees $5 -$5.15 a share in 2006, up from the consensus $4.48. The company
also formed a joint venture for hybrid batteries with Saft.



Strong sectors
were:  Oil
(
OIX |
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+1.94%        
Natural Gas

(
XNG |
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+1.74%         Oil
Services

(
OSX |
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+1.38%  



Weak sectors
were:
    
Semis

(
SOX |
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  -1.67%      
Networkers

(
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  -1.52%         Airlines
(
XAL |
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-1.50%       


Dow

+14.49
10,253.25


Nasdaq

-17.83 2061.09


S&P 500

-2.46
1184.87

More stocks on the move:

Helen of Troy
(
HELE |
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missed by 0.22 and
guided lower

Gannett
(
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was in-line..

International Rectifier
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IRF |
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guided
its Q1 revenue forecast lower.

Nokia
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NOK |
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was upgraded to outperform
at RBC Capital, with a new $22 price target.

Electronic Arts
(
ERTS |
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was upgraded
to buy at Citigroup, with a $62 price target.

Harley Davidson
(
HDI |
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was upgraded to
buy at Citigroup. The company reports earnings on Wednesday.

Brice Wightman