TradingMarkets’ 10 Stocks You Need To Know About Today
China said it would no longer peg the yaun and will tie its currency
to a basket of currencies, a possible first step to letting the yuan float
freely. The yuan is up 2%. The move is long anticipated.
Caterpillar
(
CAT |
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PowerRating) beat by 0.07 and raised guidance.
SBC Communications
(
SBC |
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PowerRating) reported 0.43, beating by 0.06; revenues
were also higher. Q2
Ebay
(
EBAY |
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PowerRating) beat by 0.03 and raised guidance. Sales topped $1
billion.
United Parcel Service
(
UPS |
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PowerRating) beat by 0.02 and guided in-line.
Coca-Cola
(
KO |
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PowerRating) beat by 0.04. The company plans to buy back $2
billion in shares in 2005; in Q2 it bought back $1 billion.
Schering Plough
(
SGP |
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PowerRating) beat by 0.08
Qualcomm
(
QCOM |
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PowerRating) beat by 0.03 and boosted. Q3 profit rose 15%.
Allstate
(
ALL |
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PowerRating) beat by 0.15 and raised guidance. Net income rose
11%.
DR Horton
(
DHI |
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PowerRating) reported 1.17 vs 1.09 estimate and raised its 2005
forecast.
Washington Mutual
(
WM |
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PowerRating) beat by 0.12.