Think Google Has A High P/E? Consider This…
Stocks are lower Friday as
crude oil tops $55. The big news is
Google.
Google
(
GOOG |
Quote |
Chart |
News |
PowerRating) reported 0.70,
ex-items, vs. a 0.56 estimate. (Non-GAAP 0.45). The company stated it
would not be offering guidance. GOOG has doubled since its August IPO,
trading up 23% today. On a P/E basis, GOOG is trading at 45. Compare this to
AMZN (29), EBAY (62) and YHOO (72).
Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating)
reported $0.32 vs. a $0.30 estimate. Revenue was $9.19 billion vs $8.99
estimate. In its first report as a public company,
Amazon
(
AMZN |
Quote |
Chart |
News |
PowerRating) reported 0.17 pro-forma revenues, missing
by a penny, with revenue of $1.46 billion, in-line. The stock traded down after
hours.Â
Coca-Cola
(
KO |
Quote |
Chart |
News |
PowerRating) reported 0.50, better-than-expected;
revenues were $5.66 billion.
Schlumberger
(
SLB |
Quote |
Chart |
News |
PowerRating) missed by a penny but posted a Q3 profit.
| Dow | -26.25 | 9839.51 |
| S&P 500 | -1.89 | 1104.60 |
| Nasdaq | -15.13 | 1938.49 |
Strong sectors are:
Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) +1.05%, Healthcare Providers
(
HMO.X |
Quote |
Chart |
News |
PowerRating) +1.07%, Oil
(
XOI.X |
Quote |
Chart |
News |
PowerRating) +0.87%.
Weak sectors are:Â Internet
(
GIN.X |
Quote |
Chart |
News |
PowerRating)
-2.39%
Semis
(
SOX.X |
Quote |
Chart |
News |
PowerRating) -2.16%, Computer Tech
(
XCI.X |
Quote |
Chart |
News |
PowerRating) -0.95%.
10-year notes are: +020
at 113 205
The dollar is -0.03 at
85.99
Gold is +1.20 at 424.30
Crude Oil is +0.78 at 55.25
806 million on the Nasdaq.
Market breadth is mixed.
| NYSE | Issues | |
| Advancing | 1605 | Up Vol 290 |
| Declining | 1417 | Down Vol 233 |
| Ratio | 1.13 | 1.24 |
| Nasdaq |
||
| Advancing | 1218 | Up Vol 222 |
| Declining | 1535 | Down Vol 534 |
| Ratio | 1.26 | 2.40 |
Stocks in the News
Watch Vivendi
(
V |
Quote |
Chart |
News |
PowerRating) and Time Warner
(
TWX |
Quote |
Chart |
News |
PowerRating) as Eliot Spitzer
turns his focus on the record industry.
Broadcom
(
BRCM |
Quote |
Chart |
News |
PowerRating) beat by 0.02 but sees a see drag on orders.
KLA-Tencor
(
KLAC |
Quote |
Chart |
News |
PowerRating) beat by a penny but said that the current
quarter would slow down.
Brice Wightman