You Know This Drug. Now It May Have A Dual Purpose
Stocks are mixed and in a trading range
as oil climbed back over $49. Twelve Dow stocks are reporting this week, as well
as 162 S&P stocks. Overall, 25% of the S&P companies are reporting in-line. It’s
a big week for pharmaceutical earnings, as LLY, SGP and AZN all report. Oil and
weather are in focus today; energy stocks are making new highs.
Of note: it is the first time since 1982 that the major indices all finished
lower in the first three weeks of the year.
Kimberly Clark
(
KMB |
Quote |
Chart |
News |
PowerRating) reported 0.91 vs 0.90 expectation and guided
higher for 2005.
Lexmark
(
LXK |
Quote |
Chart |
News |
PowerRating) beat by .04 and beat on revenues.
Legg Mason
(
LM |
Quote |
Chart |
News |
PowerRating) posted a record quarter, beating by 0.11.
Researchers at Johns Hopkins say Pfizer’s
(
PFE |
Quote |
Chart |
News |
PowerRating) Viagra may reduce
some types of heart
disease. The drug stopped the overgrowth of hearts in mice.
The Iraq elections are on Sunday, and OPEC meets then as well. Next week,
look for the FOMC.
Strong sectors are: Oil
(
XOI.X |
Quote |
Chart |
News |
PowerRating)
+1.10%, Utilities
(
UTY.X |
Quote |
Chart |
News |
PowerRating) +1.17%, Oil
(
XOI.X |
Quote |
Chart |
News |
PowerRating) +1.11%.
Weak sectors are: Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) -3.81%, Internet
(
GIN.X |
Quote |
Chart |
News |
PowerRating) -1.02%, Insurance
(
IUX.X |
Quote |
Chart |
News |
PowerRating) -0.99%.
| Dow | +20.11 | 10,413.10 |
| S&P 500 | +3.14 | 1171.01 |
| Nasdaq | -3.05 | 2031.22 |
The dollar is +0.10 at
83.36
Crude Oil is -0.03 at
48.50
Gold is -0.30 to 426.70
945 million on the Nasdaq.
Market breadth is negative.
| NYSE | Issues | |
| Advancing | 1514 | Up Vol 289 |
| Declining | 1594 | Down Vol 305 |
| 1.05 | 1.05 | |
| Nasdaq |
||
| Advancing | 1149 | Up Vol 298 |
| Declining | 1768 | Down Vol 571 |
| 1.53 | 1.91 |
Stocks in the News
Corinthian Colleges
(
COCO |
Quote |
Chart |
News |
PowerRating) said the SEC has ended its
investigation, with no enforcement action. The stock is tradeing higher
pre-open.
Eaton
(
ETN |
Quote |
Chart |
News |
PowerRating) reported 1.16, beating by 0.03; the company will raise
its dividend by 15%.
E-Loan
(
EELN |
Quote |
Chart |
News |
PowerRating) will offer financing to customers who buy cars on
EBAY.
Pilgrims’ Pride beat by 0.02
Station Casinos
(
STN |
Quote |
Chart |
News |
PowerRating) beat by 0.07.
Occidental Petroleum
(
OXY |
Quote |
Chart |
News |
PowerRating) posted a higher quarterly profits, but
missed estimates at 1.67.
Â
Brice Wightman
Â
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