TradingMarkets Mid-Day Movers
Stocks picked up where they left off
yesterday with another lackluster start to the trading day. Despite
earnings and economic news before the opening bell and testimony from Ben
Bernanke during the session the major averages are trading flat/slightly higher.
In earnings news; Home Depot
(
HD |
Quote |
Chart |
News |
PowerRating) reported Q3 EPS of $0.72,
beating analysts expectations of $0.68 per share (more).
Health Management Associates
(
HMA |
Quote |
Chart |
News |
PowerRating) reported an 18.6% rise in Q4 profit as
revenues grew 16.6%, EPS came in below expectations (more).
Staples
(
SPLS |
Quote |
Chart |
News |
PowerRating) reported net profit for
the quarter of $0.32 per share, in line with analyst expectations (more).
Johnson & Johnson
(
JNJ |
Quote |
Chart |
News |
PowerRating) and Guidant
(
GDT |
Quote |
Chart |
News |
PowerRating)
announced a revised agreement by which JNJ will acquire Guidant for $21.5
billion, about $3.9 billion less than last year’s original offer (full
story).
Celgene
(
CELG |
Quote |
Chart |
News |
PowerRating) revealed that the FDA issued
an approvable letter to its THALOMID sNDA for multiple myeloma (full
story).
For more stories, including earnings announcements, go to our
Breaking
News section.
In economic news; Wholesale Prices showed a notable increase,
while Retail Sales fell less than expected. New York manufacturers saw improved
business conditions.
October PPI rose 0.7%, Core PPI fell 0.3% (report).
October Retail Sales fell 0.1%, Ex-Autos rose 0.9% (report).
NY Empire State Index was 22.8 (report).
For reports and analysis, including highlights of Ben
Bernanke’s testimony, go to our
Economic
News section.
The US Dollar Index is trading slightly lower, Treasuries are
higher and Energy prices are mixed.
| Dow |
+31.22 | 10,728.39 |
| NASDAQ |
+1.58 | 2202.53 |
| S&P 500 |
+3.30 | 1237.06 |
| NYSE | NASDAQ | |
| Volume |
1,057,998,000 | 768,456,000 |
| Advances |
1339 | 1168 |
| Declines |
1760 | 1711 |
| Up Volume |
486 | 389 |
| Down Volume |
467 | 318 |
| New Hi’s |
64 | 65 |
| New Lo’s |
147 | 49 |
|
|
Weakest Sectors |
| Oil Service ( OSX | Quote | Chart | News | PowerRating) |
Retail ( RLX | Quote | Chart | News | PowerRating) |
| Oil ( XOI | Quote | Chart | News | PowerRating) |
Gold Bugs ( HUI | Quote | Chart | News | PowerRating) |
| Natural Gas ( XNG | Quote | Chart | News | PowerRating) |
Disk Drive ( DDX | Quote | Chart | News | PowerRating) |
Ashton Dorkins