Who Will Take Over This Coveted One-Letter Symbol?
Stocks were mostly lower on the 5-year
anniversary of the peak in the NDX and SPX. Oil once again got the
headline
New homes sales rose 9.4% in February to an annualized rate of 1.226 million,
above forecasts and the highest rate since December 2000.
General Electric
(
GE |
Quote |
Chart |
News |
PowerRating) raised Q1 guidance by a penny.
Northrup Grumman
(
NOC |
Quote |
Chart |
News |
PowerRating) upped guidance to $3.60-$3.75, the company
also boosted its dividend to 0.26 from 0.23.
ConAgra
(
CAG |
Quote |
Chart |
News |
PowerRating) beat by 0.02 and will restate 2003 and 2004 results.
Yahoo
(
YHOO |
Quote |
Chart |
News |
PowerRating) will repurchase $3 billion in stock over the next
five years.
PBS’ Wall $treet Week With Fortune is being cancelled after
three years on the air; the last show airs in June. The show replaced Wall $treet
Week With Louis Rukeyser after the host was fired after 32 years.
Sears
(
S |
Quote |
Chart |
News |
PowerRating) left the NYSE today and will trade on the Nasdaq on
Monday. Symbol: SHLD (Sears Holdings). Shares of KMRT were bid up dramatically
just before the close as SHLD will be will be added to the S&P 500. What company
will take over this coveted one-letter symbol?
Strong sectors were: Â Utilities
(
$UTY.X |
Quote |
Chart |
News |
PowerRating) +1.30%Â Â
Computer Hardware
(
$HWI.X |
Quote |
Chart |
News |
PowerRating)Â Â Homebuilders
(
$HGX.X |
Quote |
Chart |
News |
PowerRating)
+1.08%Â
Weak sectors were:Â Oil
(
$XOI.X |
Quote |
Chart |
News |
PowerRating)
-0.99%Â Â Â Â Gold
(
$HUI.X |
Quote |
Chart |
News |
PowerRating) -1.13%Â Â
Dow | -12.34 | 10,443.68 |
Nasdaq | +0.84 | 1991.06 |
S&P 500 | -0.98 | 1171.55 |
The dollar was +0.14 at
84.20
Crude Oil was +0.84 at
54.65
Gold was -0.80 at 424.50
ce=”Arial” size=”2″ face=”Arial”>Volume was 778 million on the NYSE and
775 million on the Nasdaq
Market breadth was positive.
NYSE | Issues | |
Advancing | 2036 | Up Vol 928 |
Declining | 1280 | Down Vol 624 |
1.59 | 1.48 | |
Nasdaq |
||
Advancing | 1685 | Up Vol 923 |
Declining | 1372 | Down Vol 665 |
1.22 | 1.38 |
Stocks in the News
Applied Materials (AMAT)
declared a 0.03 dividend and announced a $4 billion stock buyback.
Darden Restaurants
(
DRI |
Quote |
Chart |
News |
PowerRating) beat estimates and raised its 2005 view.
Seagate
(
STX |
Quote |
Chart |
News |
PowerRating) was raised to ‘overweight’ at Lehman Brothers.
Pixar
(
PIXR |
Quote |
Chart |
News |
PowerRating) announced a 2:1 stock split.
Brice Wightman