Google Breaks Free From $500 Level
The market is pretty firm at the open. Oil and gas are slightly higher, which is lifting the energy stocks. Financials are strong also. The 10-year yield is steady at 4.60%. Most other sectors are mixed.
Google (GOOG) broke above the $500 level, which is more a key psychological level than anything. I still believe it has more room to run.
DELL is expected to give its delayed earnings report after teh clsoe today.
In other news and notes:
- BA gets $5.5 billion order from Korean Air
- Insider buying reported at HLX
- CIBC ups tgt on GS to $250
- UNFI reports in-line earnings; stock up
- TRID resolves options issue; stock gaps higher
- FFIV profiled in IBD
- DLTR authorizes $500M share buyback
- GME lowers guidance; stock reverses higher
- FMCN beats EPS; stock gaps higher
- PEP agrees to buy Naked Juice
long GS, GOOG, TRID
posted by J. Kahn @ 7:17 AM
1 comments
1 Comments:
The leaders keep on leading (GOOG and AAPL). Although it concerns me that the Investors Intelligence numbers are way too bullish and the VIX is below 10.
Why worry. Pass the gravy.
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