These Pilots Love To Fly And It Shows
Stocks ended solidly higher on
this Veteran’s Day.
The major indices powered their way higher after
yesterday’s small pullback. A lowered outlook from Coca Cola
(
KO |
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PowerRating) and the
retirement of Intel’s founder, Andrew Grove, could not stop the charge form the
bulls. Nearly every sector closed in the green with Internet and airline issues
leading the way. Lower crude prices helped stocks today as oil prices eased below
the $48 level again. The fixed-income markets were closed in observance of the
Veteran’s Day Holiday.Â
Software giant Microsoft
(
MSFT |
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traded above the $30 level again. Share of Microsoft have not seen $30 since
last September. The shares are benefiting from strong sales of the highly
anticipated “Halo 2” video game. Separately, the company is unveiling
it’s own search engine today.
Nortel
(
NT |
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PowerRating):
delayed its 10-Q filing
again. The world’s biggest telecom equipment maker is delaying once again
because of revenue reporting issues.Â
Apple
(
AAPL |
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PowerRating): French Competition Council dismissed anticompetitive
complaints related to its iPod.
Coca Cola
(
KO |
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PowerRating): trading lower after the company trimmed its long term
targets. However the shares are well off session lows.Â
Dell
(
DELL |
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PowerRating): The world’s largest computer maker reported Q3 profits
of 33 cents a share or inline with analysts estimates. Dell sees Q4 earnings of
36 cents a share also inline with estimates. Â
Delta Airlines
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DAL |
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In an effort to help the troubled airliner to avoid bankruptcy, its pilots
agreed to a $5 billion salary cut package.Â
| Dow | +84.36 | 10469.84 |
| S&P 500 | +10.57 | 1173.48 |
| Nasdaq | +26.71 | 2061.27 |
Strong sectors are: Internet
Commerce
(
ECM.X |
Quote |
Chart |
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PowerRating) +3.43%, Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) +2.48 %,
Networking
(
NWX.X |
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Chart |
News |
PowerRating) +2.46%.
Weak sectors are: Oil
Services
(
OSX.X |
Quote |
Chart |
News |
PowerRating) -0.43%, Energy
(
DXE.X |
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News |
PowerRating) -0.20, Gold
Bugs
(
HUI.X |
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News |
PowerRating) -0.08%.
The dollar was -0.06 at
84.44
Gold is +0.90 at 435.40
Crude Oil is -1.44 at 47.42
1.7 billion on the Nasdaq.
Market breadth is positive.
| NYSE | Issues | |
| Advancing | 2379 | Up Vol 127 |
| Declining | 892 | Down Vol 46 |
| Ratio | 2.67 | 2.77 |
| Nasdaq |
||
| Advancing | 2041 | Up Vol 132 |
| Declining | 1064 | Down Vol 43 |
| Ratio | 1.92 | 3.06 |
Brice Wightman