What Will The AMZN Report Do To Wednesday’s Trading?

Stocks were lower on mixed earnings results and
economic data.

Consumer Confidence for April was 97.7 vs 103.3 in March. New home sales for
April came in at 1.431 million units, rising 12.2%. The forecast was for a
decline.

US Steel
(
X |
Quote |
Chart |
News |
PowerRating) blew away estimates, reporting 2.85 after special
gains. Before gains, the company reported 3.48 vs. 0.47 last year.

Dupont
(
DD |
Quote |
Chart |
News |
PowerRating) missed by 0.05; Q1 profits rose, however, at 0.96 vs
0.66 a year ago.

Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating) said its breast cancer drug Herceptin had positive
results.

American International Group
(
AIG |
Quote |
Chart |
News |
PowerRating) said it uncovered more than $1
billion more in accounting problems.

Coach
(
COH |
Quote |
Chart |
News |
PowerRating) beat by a penny and raised its earnings forecast.

IBM announced a $5 billion stock buyback–the largest in the company’s
history. The company also increased its dividend from 0.18 to 0.20.

John Thain and John Mack have met to discuss the NYSE/Archipelago deal.

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.

Weak sectors were:  Computer Hardware
(
$HWI.X |
Quote |
Chart |
News |
PowerRating)
-3.64%   Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating) -2.43%   Chemicals
(
$CEX.X |
Quote |
Chart |
News |
PowerRating)
-2.12%

Stocks in the News

Boyd Gaming
(
BYD |
Quote |
Chart |
News |
PowerRating) beat by 0.12.

Chubb
(
CB |
Quote |
Chart |
News |
PowerRating) beat by 0.28.

Lexmark
(
LXK |
Quote |
Chart |
News |
PowerRating) missed by 0.04.

Chicago Mercantile Exchange
(
CME |
Quote |
Chart |
News |
PowerRating) beat profits rose 50%.

Southern Company
(
SO |
Quote |
Chart |
News |
PowerRating) beat by 0.02

Lockheed Martin
(
LMT |
Quote |
Chart |
News |
PowerRating) beat and boosted guidance.

Sara Lee
(
SLE |
Quote |
Chart |
News |
PowerRating) missed by a penny, reporting sharply lower
earnings.

Zimmer Holdings
(
ZMH |
Quote |
Chart |
News |
PowerRating) beat by 0.08

Hilton
(
HLT |
Quote |
Chart |
News |
PowerRating) beat estimates and boosted guidance.

Altera
(
ALTR |
Quote |
Chart |
News |
PowerRating) beat by 0.02.

Martha Stewart Living
(
MSO |
Quote |
Chart |
News |
PowerRating) lost 0.38/share. worse than expected.