Will This Be The New Trend For Airlines?
Stocks are mixed on
higher crude prices.
The White House and the DOE are reviewing requests from oil
refiners to borrow oil from the Strategic Petroleum Reserve. The last time the
SPR was tapped was 2002 in the wake of Hurricane Lilly. The Oils were cut
to neutral at Deutsche Bank. Stocks include XOM and RD.
Jobless claims for the week of 9/18 rose 14,000
to 350,000, more than expected. The 4-week MA rose 2,000 to 341,000
Cisco will invest $32 million to open a
R&D center in Shanghai, China.
Merrill Lynch downgraded three airlines: Delta
(
DAL |
Quote |
Chart |
News |
PowerRating), Continental
(
CAL |
Quote |
Chart |
News |
PowerRating) and AirTran
(
AAI |
Quote |
Chart |
News |
PowerRating).
Separately, America West
(
AWA |
Quote |
Chart |
News |
PowerRating) is offering credit on online ticket
purchases. Buy your ticket now, and pay for it in 90 days.
Former Computer Associates CEO Sanjay Kumar
plead not guilty to charges of securities fraud and obstruction of justice.
Estee Lauder
(
EL |
Quote |
Chart |
News |
PowerRating) announced a new men’s
fragrance: Donald Trump, The Fragrance, scheduled for a mid-November
launch.
According to Bankrate.com, these are the top
yielding money-market funds: PayPal Money Market Fund, 1.60%; Scudder Premium
Money Market Shares/AARP, 1.41%; Scudder Premium Money Market Shares/Cl S,
1.39%; Transamerica Premier Cash Res/Inv, 1.36%; Harbor Money Market Fund,
1.35%.
| Dow | -50.22 | 10059.71 |
| S&P 500 | -3.01 | 1110.55 |
| Nasdaq | +3.59 | 1889.30 |
Strong sectors are: Gold
(
XAU.X |
Quote |
Chart |
News |
PowerRating) +0.84%, Internet
(
GIN.X |
Quote |
Chart |
News |
PowerRating) +0.68% and Retail
(
RLX.X |
Quote |
Chart |
News |
PowerRating)
+0.58%.
Weak are: Banks
(
BIX.X |
Quote |
Chart |
News |
PowerRating)
-1.13%, Chemicals
(
CEX.X |
Quote |
Chart |
News |
PowerRating) -0.82%, Oil
(
XOI.X |
Quote |
Chart |
News |
PowerRating) -0.71%.
10-year Notes are -030 at 113 130
The dollar
is -0.30 at 88.21
Gold is +3.70 at 410.60
Crude Oil is -0.25 at 48.10
Looking for intelligent stock message boards? Click here.
These 3 things stand out for John Carter.
Gary Kaltbaum says lots of setups are out there.
ce=”Arial” size=”2″>Volume is 584 million on
the NYSE and 683 million on the Nasdaq.
Market breadth is mixed.
| NYSE | Issues | |
| Advancing | 1532 | Up Vol 216 |
| Declining | 1562 | Down Vol 305 |
| Ratio | 1.01 | 1.41 |
| Nasdaq |
||
| Advancing | 1348 | Up Vol 346 |
| Declining | 1472 | Down Vol 267 |
| Ratio | 1.09 | 1.29 |
Stocks in the News
Andrews Corp.
(
ANDW |
Quote |
Chart |
News |
PowerRating) guided lower.
Bed Bath & Beyond
(
BBBY |
Quote |
Chart |
News |
PowerRating) beat by a penny, but sales narrowly
missed.
Cyberonics
(
CYBX |
Quote |
Chart |
News |
PowerRating) was given conditional approval on a depression
treatment.
Rite Aid
(
RAD |
Quote |
Chart |
News |
PowerRating) beat estimates.
Fannie Mae
(
FNM |
Quote |
Chart |
News |
PowerRating) was cut at Wachovia after federal regulators
challenged the company’s accounting practices.
Martha Stewart Omnimedia [MSO{|MSO] struck a deal with Mark Burnett
(“Survivor”) for a prime-time TV show.
M.D.C. Holdings
(
MDC |
Quote |
Chart |
News |
PowerRating) guided higher.
A.G. Edwards
(
AGE |
Quote |
Chart |
News |
PowerRating) missed by 0.03.
American Pharmaceutical Partners [APPX|APPX]
may have misled investors about the progress of a key cancer drug, The Wall
Street Journal reports.
Cognos (COGN)
beat by 0.04 and guided higher.
Merix (MERX)
beat by 0.02 on a spike in orders.
Brice Wightman