These earnings will move Wednesday’s market

  • October 11, 2005
  • Brice Wightman

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
(
AAPL |
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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
(
AA |
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reduced estimates.  AA closed at 22.85, +0.19.

Genentech
(
DNA |
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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
(
JCI |
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PowerRating) 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 |
Quote |
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PowerRating) +1.94%        
Natural Gas
(
XNG |
Quote |
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PowerRating) +1.74%         Oil
Services
(
OSX |
Quote |
Chart |
News |
PowerRating) +1.38%  



Weak sectors were:    
Semis
(
SOX |
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PowerRating)  -1.67%      
Networkers
(
NWX |
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PowerRating)  -1.52%         Airlines
(
XAL |
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PowerRating)
-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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guided lower

Gannett
(
GCI |
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International Rectifier
(
IRF |
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PowerRating) guided
its Q1 revenue forecast lower.

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

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

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

Brice Wightman

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