Why Today Is Important For Google
Stocks are mixed in a
narrow-range session.
The lock-up period in Google ends
today–177 million shares (65% of the float) become available to sale. Some
Google employees own shares at 0.30. CIBC
upgraded the stock with a $245 price target. Larry Page and Sergey Brin are
retaining over 85% of their shares.
Verizon will buy MCI for $6.7 billion.
American Int’l Group
(
AIG |
Quote |
Chart |
News |
PowerRating) received new subpoenas from Eliot Spitzer
and the SEC; the company said it will cooperate.
Dow components reporting this week: KO and WMT on
Wednesday, and HPQ on Thursday.
Strong sectors are: Computer Hardware
(
$HWI.X |
Quote |
Chart |
News |
PowerRating)
+1.01% Gold
(
$HUI.X |
Quote |
Chart |
News |
PowerRating) +0.74%
Weak sectors are: Oil Services
(
$OSX.X |
Quote |
Chart |
News |
PowerRating)
-1.59% Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating)
-1.33%
| Dow | -9.23 | 10,787 |
| Nasdaq | +3.54 | 2080.20 |
| S&P 500 | -0.20 | 1205.10 |
The dollar is -0.70 at
83.87
Crude Oil is -0.10 at
47.70
Gold is +2.00 to 424.20
1.0 billion on the Nasdaq.
Market breadth is mixed.
| NYSE | Issues | |
| Advancing | 1641 | Up Vol 296 |
| Declining | 1495 | Down Vol 252 |
| 1.09 | 1.17 | |
| Nasdaq |
||
| Advancing | 1463 | Up Vol 467 |
| Declining | 1522 | Down Vol 316 |
| 1.04 | 1.47 |
Stocks in the News
Taser
(
TASR |
Quote |
Chart |
News |
PowerRating) received 4 orders worth $675,000.
Isis Pharmaceutical
(
ISIS |
Quote |
Chart |
News |
PowerRating) licensed its anti cancer drug to
Sarissa.
Leucadia
(
LUK |
Quote |
Chart |
News |
PowerRating) received a negative mention in Barron’s.
Network Appliance
(
NATAP |
Quote |
Chart |
News |
PowerRating) was upgraded at Friedman Billing
Ramsay.
Gateway
(
GTW |
Quote |
Chart |
News |
PowerRating) was upgraded at First Albany.
Goodrich
(
GR |
Quote |
Chart |
News |
PowerRating) got a positive mention in Barron’s.
Brice Wightman