Tomorrow’s Market Movers, Today
Stocks were higher as lower oil lifted the market.
Oil fell over $2.50 to under $53. Crude oil showed a 5.5 million
barrel build and gas showed a 300,000 barrel drawdown.
March durable goods orders fell -2.8%, more than expected. It was the largest
drop since September 2002. Ex-transportation, it fell 1%.
After the close, Starbucks
(
SBUX |
Quote |
Chart |
News |
PowerRating) reported 0.24, in-line.
Biogen Idec
(
BIIB |
Quote |
Chart |
News |
PowerRating) missed by 0.07. Chiron
(
CHIR |
Quote |
Chart |
News |
PowerRating) missed by
a large margin and missed on revenues. Ask Jeeves
(
ASKJ |
Quote |
Chart |
News |
PowerRating) beat
by 0.03. Komag
(
KOMG |
Quote |
Chart |
News |
PowerRating) beat by 0.05.
Amazon
(
AMZN |
Quote |
Chart |
News |
PowerRating) reported 0.22, after charges, missing by a penny,
missing on margins. The company raised revenue guidance by 1% but some analysts
were looking for higher guidance and the stock traded lower by 4% after the
close.
Boeing’s
(
BA |
Quote |
Chart |
News |
PowerRating) profits rose, beating the street, but revenues were
lighter than expected.
Verizon
(
VZ |
Quote |
Chart |
News |
PowerRating) beat by 0.03; revenue rose 6.5%. Results were strong
in wireless.
Infospace
(
INSP |
Quote |
Chart |
News |
PowerRating) guided lower.
Newmont Mining
(
NEM |
Quote |
Chart |
News |
PowerRating) missed by 0.18.
Amerada Hess
(
AHC |
Quote |
Chart |
News |
PowerRating) beat by 0.07, at $2.12/share.
Kerr-McGee’s
(
KMG |
Quote |
Chart |
News |
PowerRating) beat by 0.22; earnings more than doubled.
Conoco-Phillips
(
CEP |
Quote |
Chart |
News |
PowerRating) beat by a wide margin.
Phelps Dodge
(
PD |
Quote |
Chart |
News |
PowerRating) beat estimates, reporting $3.83.
Strong sectors were : Healthcare Providers
(
$HMO.X |
Quote |
Chart |
News |
PowerRating) +3.27%Â Â
Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating) +1.47%Â Banks
(
$BIX.X |
Quote |
Chart |
News |
PowerRating)
+1.32%
Weak sectors were: Â Gold
(
$XAU.X |
Quote |
Chart |
News |
PowerRating) -4.02% Â
Oil Services
(
$OSX.X |
Quote |
Chart |
News |
PowerRating) -3.32%Â Â Oil
(
$XOI.X |
Quote |
Chart |
News |
PowerRating)
-1.47%
| Dow | +47.96 | 10,199.02 |
| Nasdaq | +2.99 | 1930.43 |
| S&P 500 | +4.64 | 1156.38 |
The dollar was +0.16 at
83.96
Crude Oil was -0.37 at
54.20
Gold was +2.60 at 436.80
1.76 billion on the Nasdaq.
Market breadth was mixed.
| NYSE | Issues | |
| Advancing | 1762 | Up Vol 1009 |
| Declining | 1498 | Down Vol 956 |
| 1.17 | 1.05 | |
| Nasdaq |
||
| Advancing | 1360 | Up Vol 838 |
| Declining | 1689 | Down Vol 904 |
| 1.24 | 1.07 |
Stocks in the News
Corinthian Colleges
(
COCO |
Quote |
Chart |
News |
PowerRating) was in-line but guided lower.
XM Satellite Radio
(
XMSR |
Quote |
Chart |
News |
PowerRating) posted a narrower than expected loss,
beating by 0.12.
Engelhard
(
EC |
Quote |
Chart |
News |
PowerRating) beat by 0.07.
Wellpoint
(
WLP |
Quote |
Chart |
News |
PowerRating) beat by 0.05 and raised Q2 guidance. The company
announced a 2:1 split payable to shareholders of record May 13.
Constellation Energy
(
CEG |
Quote |
Chart |
News |
PowerRating) beat by 0.07.
Brice Wightman