Will Intel’s Gain Mean IBM’s Loss?

Stocks are higher Monday, following up on last
week’s strong performance.

The Wall Street Journal reports that Apple
(
AAPL |
Quote |
Chart |
News |
PowerRating) may put
Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) inside McIntosh computers, moving away from IBM chips.
Apple sells about 3 million McIntosh computers per year. Neither company has
commented yet.

AMD unveiled the Geode Processor–a new energy efficient chip
requiring less than 1 watt of power.

Geron Corp.
(
GERN |
Quote |
Chart |
News |
PowerRating) received FDA clearance to begin testing of its
anti-cancer compound.

OPEC said it sees no reason to trim output and is content to let oil
stay in the $40 – $45 range. The cartel next meets on June 15.

Forrester Research said that online sales in 2004 rose 24% to $141
billion and are expected to rise another 22% this year, with fragrances expected
to rise 33% and prescriptions, 32%.

Strong sectors are:  Gold
(
$HUI.X |
Quote |
Chart |
News |
PowerRating) +2.44%    
Homebuilders
(
$HGX.X |
Quote |
Chart |
News |
PowerRating) +1.51%   Oil 
(
$OIX.X |
Quote |
Chart |
News |
PowerRating)
+1.14%    

Weak sectors are:    Airlines  
(
$XAL.X |
Quote |
Chart |
News |
PowerRating)
-0.63%   Semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) -0.57%   Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)
-0.53%    

McData
(
MCDT |
Quote |
Chart |
News |
PowerRating) posted a smaller loss for Q1.

Paccar
(
PCAR |
Quote |
Chart |
News |
PowerRating) was the subject of a positive article in
Barron’s.

Campbell’s Soup
(
CPB |
Quote |
Chart |
News |
PowerRating) beat by 0.02.

Goldman Sachs raised the software sector to ‘attractive’ from ‘neutral.’