Thursday, October 05, 2006

Retail Sales Strong In September

The markets are mostly mixed in the first hour of trading. Oil is getting a bounce on speculation that OPEC will meet and implement a production cut. This is helping the energy stocks bounce.

The retail sales reports were mostly better than expected, and many of the stocks are having positive reactions. I will provide a quick roundup in my next post.

Bond yields are rising, with the 10-year at 4.61%. Financials are mostly lower, but some of this could be profit taking, as they have had a nice run lately.

In other news and notes:
  • I am addicted to the new show, Smith
  • International markets are rallying, espeically India
  • MAR beats earnings, raises FY06 guidance
  • AEOS ups guidance
  • GOOG gaining more share in search (comScore)
  • ECB raises rates to 3.25% (from 3.00%)
  • AAPL options investigation winds down with no big surprises



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