Who Are The Most Active Political Donors On The Street?
Stocks were higher
Friday, with gains accelerating in the final hour of trading.
Crude hit a record $49.40 before backing off; Iraqi violence and increased
demand from China and India were cited. General Motors
(
GM |
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PowerRating) said that some car
dealerships are cutting back orders on 2005 vehicles. On its second day of
trading, Google
(
GOOG |
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PowerRating) closed up 7.97 at 108.34.
The semiconductor book-to-bill ratio was 1.05, down from 1.07 in
June and 1.10 in May, and might suggest that the industry’s recovery may be
reaching a peak.
UAL got a 30-day extension from its creditors to
come up with a bankruptcy plan. The plan must be approved by a judge.
Business Objects
(
BOBJ |
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PowerRating) said it will
repurchase 2 million shares. Taro Pharmaceuticals
(
TARO |
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PowerRating) received
FDA approval for Loratadine syrup. Boston Scientific said doctors
may use e
Goldman Sachs employees are the most
active political donors on the Street. In nearly 2000 separate donations,
employees gave $4 million to political candidates and causes. Goldman has 20,000
employees.
Monday before the open, look for earnings from Toys R Us (TOY). Estimates
are -0.04.
| Dow | +69.32 | 10110.14 |
| S&P 500 | +7.12 | 1098.35 |
| Nasdaq | +18.12 | 1838.01 |
Strong today were: Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) +3.37%, Gold
(
XAU.X |
Quote |
Chart |
News |
PowerRating) +1.91%, Internet
(
GIN.X |
Quote |
Chart |
News |
PowerRating) +2.52%.
10-year Notes were -055 at 112 230
The dollar
was +0.33 at 88.14
Gold was +5.10 at 412.17
Crude Oil was -1.10 at
47.60
Volume was 1.2 billion on
the NYSE and 1.33 billion on the Nasdaq.
Market breadth was positive.
| NYSE | Issues | |
| Advancing | 2472 | Up Vol 936 |
| Declining | 833 | Down Vol 194 |
| Ratio | 2.96 | 4.82 |
| Nasdaq |
||
| Advancing | 2226 | Up Vol 964 |
| Declining | 853 | Down Vol 347 |
| Ratio | 2.60 | 2.77 |
Stocks in the News
Cyberonics
(
CYBX |
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Chart |
News |
PowerRating) is higher after Advanced Neuromodulations
Systems
(
ANSI |
Quote |
Chart |
News |
PowerRating) bought an equity stake in the company and opened
discussions about combining the companies.
Fannie Mae’s
(
FNM |
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Chart |
News |
PowerRating) accounting practices
are being investigated; the company received a subpeona by its regulator.
Ceradyne
(
CRDN |
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Chart |
News |
PowerRating) is higher after it won a
$461 Army contract.
Autodesk
(
ADSK |
Quote |
Chart |
News |
PowerRating) reported higher
quarterly profit and guided higher.
Blockbuster
(
BBI |
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Chart |
News |
PowerRating) declared a special $5
ash dividend, payable September 3 to holders of record August 27.
Marvel Technology
(
MRVL |
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Chart |
News |
PowerRating) forecast lower revenue growth for Q3.
Brice Wightman