This Company Was Adversely Affected By The California Storms
Stocks are lower–even after a strong number from
Apple–as traders wonder about Q4 earnings.
PowerRating) reported 0.70 vs a 0.49 estimate, beating by 0.21.
The company sees revenues of $2.9 billion vs the consensus of $2.75 billion.
1.046 million Macs were shipped, more than the estimated 984,000. Bank of
America boosted the stock to a buy from neutral.Â Â
PowerRating) guns are safe, according to a Wall Street Journal
article citing the Defense Department. Separately, The Cardiac Journal
said the guns were not dangerous to cardiac patients.
Retail sales rose +1.2%, more than expected; ex-auto, +0.3%.Â Jobless
claims rose unexpectedly by 10,000 to 367,000.
PowerRating) said that 0.20 would come off its
$1.40 earnings forecast due to the recent California storms. Excavation,
landscaping and exterior finishing will be delayed; the company expects to make
up the losses next quarter.
Strong sectors are: Oil Services
PowerRating) +1.95%, Natural
PowerRating) +1.41%, Oil
The dollar is +0.35 at
Crude Oil is +1.64 at
Gold is -1.80 to 424.30
ce=”Arial” size=”2″ face=”Arial”>Volume is 673 million on the NYSE and
1.0 billion on the Nasdaq.
Market breadth is mixed.
|Advancing||1592||Up Vol 288|
|Declining||1547||Down Vol 340|
|Advancing||1196||Up Vol 420|
|Declining||1699||Down Vol 510|
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