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 |
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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 |
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+1.01% Gold  
(
$HUI.X |
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+0.74%

Weak sectors are: Oil Services
(
$OSX.X |
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PowerRating)

-1.59%  Insurance
(
$IUX.X |
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-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

ce=”Arial” size=”2″ face=”Arial”>Volume is 679 million on the NYSE and
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 |
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PowerRating)
received 4 orders worth $675,000.

Isis Pharmaceutical
(
ISIS |
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PowerRating)
licensed its anti cancer drug to
Sarissa.

Leucadia
(
LUK |
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Chart |
News |
PowerRating)
received a negative mention in Barron’s.

Network Appliance
(
NATAP |
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Chart |
News |
PowerRating)
was upgraded at Friedman Billing
Ramsay.

Gateway
(
GTW |
Quote |
Chart |
News |
PowerRating)
was upgraded at First Albany.

Goodrich
(
GR |
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Chart |
News |
PowerRating)
got a positive mention in Barron’s.

Brice Wightman