Tradingmarkets Mid-Day Movers
Stocks are near flat mid-session as oil tops $61 and traders ponder news
from two Dow components.
In its lackluster mid-quarter update yesterday, Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) lowered
the high end of its guidance and sees Q4 revenues between $10.4 -10.6 billion. The New England Journal of Medicine said a study financed by Merck
(
MRK |
Quote |
Chart |
News |
PowerRating) could have fudged data. A third Vioxx trial just went to the jury.
Gold traded up $10 to a 24-year high and crude traded up $0.49 to $61.10.Â
The University of Michigan sentiment index was 88.7, better than expected.
Eli Lilly
(
LLY |
Quote |
Chart |
News |
PowerRating) guided higher for fiscal 2006. Separately, the
company said it will ask the FDA in 2006 to approve its Cymbalta depression
drug.
Goldman Sachs downgraded National Semiconductor
(
NSM |
Quote |
Chart |
News |
PowerRating) to inline
from outperform.
Strong sectors were:Â Â Gold
(
XAU |
Quote |
Chart |
News |
PowerRating) +1.37%Â Â Â Â
TelecomÂ
(
XTC |
Quote |
Chart |
News |
PowerRating) +0.92%Â Â Â Â Semis
(
SOX |
Quote |
Chart |
News |
PowerRating)
+0.79%Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
Weak sectors were:Â Â Â Airlines
(
XAL |
Quote |
Chart |
News |
PowerRating)
-1.28%Â Â Â Â Â Oil
(
XOI |
Quote |
Chart |
News |
PowerRating) -1.35%Â Â Â Â Â Â Oil Services
(
OSX |
Quote |
Chart |
News |
PowerRating)
-1.16%Â Â Â
|
|
-1.36 | 10,753.76 |
| +1.67 | 2248.13 | |
| +0.92 | 1256.76 |
More stocks on the move:
Furniture Brands
(
FBN |
Quote |
Chart |
News |
PowerRating) guided higher.
KH Homes
(
KBH |
Quote |
Chart |
News |
PowerRating) raised its dividend 33% to an annual $100/share.
Credence
(
CMOS |
Quote |
Chart |
News |
PowerRating) missed by 0.02 and guided lower.
Brice Wightman
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TradingMarkets in the
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Commodities 2006 Readers’ Choice Awards
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