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.
Apple
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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
Taser
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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%. Jobless
claims rose unexpectedly by 10,000 to 367,000.
Homebuilder Hovnanian
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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
(
OSX.X |
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PowerRating) +1.95%, Natural
Gas
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XNG.X |
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PowerRating) +1.41%, Oil
(
XOI.X |
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PowerRating) +0.98%.
Weak sectors are: Airlines
(
XAL.X |
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PowerRating) -1.91%, Biotech
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BTK.X |
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PowerRating)
-1.42%.
Â
| Dow | -43.08 | 10,574.40 |
| S&P 500 | -2.81 | 1184.89 |
| Nasdaq | -5.90 | 2,086.33 |
The dollar is +0.35 at
82.49
Crude Oil is +1.64 at
48.20
Gold is -1.80 to 424.30
1.0 billion on the Nasdaq.
Market breadth is mixed.
| NYSE | Issues | |
| Advancing | 1592 | Up Vol 288 |
| Declining | 1547 | Down Vol 340 |
| 1.02 | 1.18 | |
| Nasdaq |
||
| Advancing | 1196 | Up Vol 420 |
| Declining | 1699 | Down Vol 510 |
| 1.42 | 1.21 |
Stocks in the News
TheStreet.com
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PowerRating) has hired investment bankers to help it
explore strategic options.
Sun Micro
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PowerRating) reports after the close; the consensus is 0.01.
HCA, Inc.
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HCA |
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PowerRating) guided higher for Q4.
Radio Shack
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PowerRating) said sales rose 7%, and 3% on a same store sales
basis; the company also reaffirmed its guidance.
Home Depot
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HD |
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PowerRating) is meeting with analysts.
Brice Wightman
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