Tool Time: These 2 Stocks Are Bucking The Trend Today
Stocks are lower after record trade deficit was
announced, with the Dow and Russell 2000 new the lows for the year.
The international trade deficit for March was $61 billion; the previous record
was set in November.
Dow component AIG is higher after a Merrill Lynch upgrade.
Genentech (DNA)
reported Q1 of 0.29 (non-GAAP) vs. a 0.25 estimate. Herceptin sales were $129.6
million. Avastin sales were 202.9 million. Tarceva sales were $47.6 million.
Bank of America reiterated its ‘buy’ on the stock.
Black & Decker
(
BDK |
Quote |
Chart |
News |
PowerRating) is bucking the trend today. The company
guided higher and now sees 1.33 -1.35 in the current quarter from 1.05 – 1.10.
Power tool sales were strong. BDK is trading up 8% and Stanley Works
(
SWK |
Quote |
Chart |
News |
PowerRating)
is up 2% in sympathy.
Northwest Airlines ordered 18 Boeing
(
BA |
Quote |
Chart |
News |
PowerRating) Dreamliners.
Abbott Labs
(
ABT |
Quote |
Chart |
News |
PowerRating) earnings met expectations and forecast in-line.
CSFB told clients to lower their exposure to energy stocks.
Fifteen current and former NYSE specialists were charged with fraud.
This week, 31 S&P 500 companies will report, including two Dow stocks. Here
are some highlights (including estimates):
Wednesday
Advanced Micro Devices
(
AMD |
Quote |
Chart |
News |
PowerRating)Â 0.02
Apple
(
AAPL |
Quote |
Chart |
News |
PowerRating)Â 0.24
Thursday
Southwest
(
LUV |
Quote |
Chart |
News |
PowerRating)Â 0.05
Sun Micro
(
SUNW |
Quote |
Chart |
News |
PowerRating)Â 0.00
Pepsi
(
PEP |
Quote |
Chart |
News |
PowerRating)Â 0.51
Friday
Citigroup [C|C]Â 1.02Â
General Electric
(
GE |
Quote |
Chart |
News |
PowerRating)Â 0.37
Strong sectors are: Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating) +0.10%Â Â Homebuilders
(
$HGX.X |
Quote |
Chart |
News |
PowerRating) +0.02%Â
Weak sectors are:Â Â Â Â Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating)
-2.42%Â Â Â Gold
(
$HUI.X$ |
Quote |
Chart |
News |
PowerRating) -2.34% Â
Chemicals
(
$CEX.X |
Quote |
Chart |
News |
PowerRating) -1.99%Â Â Â Â
Dow | -77.07 | 10,371.49 |
Nasdaq | -15.15 | 1976.97 |
S&P 500 | -8.72 | 1172.49 |
The dollar is +0.21 at
84.78
Crude Oil is -1.00 at
54.10
Gold is -2.50 at 426.40
ce=”Arial” size=”2″ face=”Arial”>Volume is 781 million on the NYSE
and 808 million on the Nasdaq
Market breadth is negative.
NYSE | Issues | |
Advancing | 823 | Up Vol 133 |
Declining | 2307 | Down Vol 590 |
2.80 | 4.43 | |
Nasdaq |
||
Advancing | 844 | Up Vol 227 |
Declining | 2054 | Down Vol 540 |
2.43 | 2.37 |
Stocks in the News
Ameritrade
(
AMTD |
Quote |
Chart |
News |
PowerRating) beat by a penny; net income fell 12%.
Pepsi Bottling
(
PBG |
Quote |
Chart |
News |
PowerRating) beat by 0.02.
Alliance Capital
(
AC |
Quote |
Chart |
News |
PowerRating) guided lower, citing lower investment
advisory fees and higher legal costs.
Brice Wightman