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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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.  

Taser
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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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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
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+1.95%, Natural
Gas

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+1.41%, Oil
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+0.98%.

Weak sectors are: Airlines
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-1.91%, Biotech
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-1.42%.

 

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

ce=”Arial” size=”2″ face=”Arial”>Volume is 673 million on the NYSE and
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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has hired investment bankers to help it
explore strategic options.

Sun Micro
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reports after the close; the consensus is 0.01.

HCA, Inc.
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guided higher for Q4.

Radio Shack
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said sales rose 7%, and 3% on a same store sales
basis; the company also reaffirmed its guidance.

Home Depot
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is meeting with analysts.

Brice Wightman