Tuesday, November 07, 2006

Small Bounce At The Open

The market is fairly flat at the open. After a two day spike in yields, the 10-year is trading down sharply again, falling 5 basis points to 4.65%.

Semis are leading the way, and financials are strong again also. Oil is trading slightly lower, just below $60. Energy and utility stocks are the weakest groups so far.

In other news and notes:
  • MSFT to offer movies, tv downloads to Xbox gamers
  • URBN sales come in light; stock rallies
  • EMR beats revs, EPS; 2:1 stock split
  • VTIV beats and raises; stock +6%
  • IGT beats by a penny; stock slips
  • SIRF settles patent suit with u-Nav
  • Roth ups NEW to buy; $47 target
  • HANS forming committee to review options
  • EXPD reports in-line qtr; stock slides
  • BRCM holds analyst day; stock strong
  • Lehman raises targets on oil companies

long EMR, URBN


Post a Comment

<< Home