Thursday, December 07, 2006

ECB Says Don't Expect More Rate Hikes

The market got another boost at the open, sending the DOW to a new high. Oil is trading down below $63, and bond yields are steady at 4.48%.

ECB President Trichet said, after raising rates to 3.50%, that it would be "wrong" to conclude that it will raise rates further. The market had been pricing in a move to around 4.0%.

Financials are getting a nice bounce, while housing stocks are giving back a little of their recent gains. Industrials are mostly higher also, while other sectors look mixed.

In other news and notes:
  • Monster Employment Index hits 175 in Nov.; new high
  • JOSB beats earnings by a penny
  • GOL lowers EPS guidance
  • FBR thinks likelihood of Epo price cuts for AMGN is low
  • BofA initiates ZUMZ at Buy ($41 tgt)
  • LQDT reports earnings, stock down
  • RIMM downgraded at Morgan Keegan
  • Pru raises target on GS to $215
  • Morgan says price competition hurting GRMN
  • CREE lowes guidance for Q2
  • ADI increases buyback by $1 billion
  • Amtech adds QCOM to Focus List
  • IR being mentioned in LBO chatter



At 1:20 PM, Blogger TradingGoddess said...

What is the deal with CRVL? Is recent insider selling going to ruin their sexy chart?

At 1:22 PM, Blogger TradingGoddess said...

LOL! Sorry about posting here...mean't to post on your article above referencing CRVL.

Can you make the change for me? Thank you!


Post a Comment

<< Home