Market Wrap (Nov. 17, 2006) 2013

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Market Wrap (Nov. 17, 2006) 2013

Post by Admin on Sun Sep 15, 2013 1:54 am

2013 2013 2013 DJIA 12,342.56; Up 36.74 (0.30%)<br />NASDAQ 2,445.86; Down 3.20 (0.13%)<br />S&P500 1,401.20; Up 1.44 (0.10%)<br />10YR-Bond 4.607%; Down 0.048<br />NYSE Volume 2,625,847,000<br />NASD Volume 1,708,761,000<br /><br />This marked the 6th consecutive record close for the DJIA today. Hardly anyone bothered noting that today was options expiration date for stock options. Japan's Nikkei closed down 0.45%; FTSE 100 in U.K. closed down 1.01%; Germany's DAX index was down 0.48%; France's CAC-40 closed down 1.20%.<br /><br />The big deal of the day was the NYMEX (NMX) IPO. Almost nothing else came close to it in coverage. It was such a ridiculous IPO pricing at $59.00, because it opened at $120 out of the chute and closed at $132.99.<br /><br />The homebuilding numbers tracked by permits and housing starts were just too weak to ignore at first, but they mostly recovered throughout the day. Lennar (LEN) closed down only -0.2% at $49.30, DR Horton (DHI)rose 0.6% to $25.10, and KB Home (KBH) rose 0.5% to $49.07.<br /><br />Lower oil prices yet again didn't phase many key oil stocks with Exxon Mobil (XOM) rose 0.55% to $73.08 and Oil Service HOLDRs (OIH) rose 0.8% to $136.85.<br /><br />Conor Medsystems (CONR) rose 18% to $32.68 after J&J (JNJ) offered $33.50 to acquire the company. SurModics (SRDX) rapidly fell on the deal because they coat the J&J Cypher stent now, but they issued a release stating they would still be used and so the stock ran up to close up 7.75% to $34.49.<br /><br />H-P (HPQ) shares slid 1.25% to $24.94 despite beating EPS targets, as guidance is in-line.<br /><br />After yesterday's earnings, Starbucks (SBUX) fell 5.1% to $37.42 because guidance was essentially the same as in its recent analyst meeting. Its revenues were deemed a tad light, but it was really large profit taking after a huge run.<br /><br />Under Armour (UARM) rose 0.65% to $46.55 after Cramer last night said that it offered upside from current levels along with Nike (NKE).<br /><br />Marvell Tech (MRVL) fell 2.9% to $19.04 after posting a sequential revenue decline.<br /><br />Google (GOOG) was reiterated a Buy with a $600 target at Citigroup, but it never was able to crack $500.00. Its high was $499.85, and it closed up 0.58% at $498.79.<br /><br />First Solar (FSLR) priced its IPO at $20.00 and closed up at $24.74.<br /><br />Sony (SNE) saw its ADR's in the US trade up 2.1% to $40.79 as its long-awaited PS3 hit stores today.<br /><br />Altria (MO) rose 1.7% to $85.01 after raising guidance and as its "lights" case appears to have permenently gone in its favor.<br /><br />Foot Locker (FL) fell 2.7% to $23.27 after reporting a 2 percent decline in its third-quarter profit, and after the chances of a buyout are nearly gone.<br /><br />Advanced Magnetics (AMAG) rose a sharp 29.8% to $57.00 after it reported promising results from a late-stage clinical trial for an iron-replacement therapy for chronic kidney disease patients.<br /><br />Have a great weekend!<br /><br />Jon C. Ogg<br />November 17, 2006<br> 2013 2013 2013 <br>DJIA 12,342.56; Up 36.74 (0.30%)<br />NASDAQ 2,445.86; Down 3.20 (0.13%)<br />S&P500 1,401.20; Up 1.44 (0.10%)<br />10YR-Bond 4.607%; Down 0.048<br />NYSE Volume 2,625,847,000<br />NASD Volume 1,708,761,000<br /><br />This marked the 6th consecutive record close for the DJIA today. Hardly anyone bothered noting that today was options expiration date for stock options. Japan's Nikkei closed down 0.45%; FTSE 100 in U.K. closed down 1.01%; Germany's DAX index was down 0.48%; France's CAC-40 closed down 1.20%.<br /><br />The big deal of the day was the NYMEX (NMX) IPO. Almost nothing else came close to it in coverage. It was such a ridiculous IPO pricing at $59.00, because it opened at $120 out of the chute and closed at $132.99.<br /><br />The homebuilding numbers tracked by permits and housing starts were just too weak to ignore at first, but they mostly recovered throughout the day. Lennar (LEN) closed down only -0.2% at $49.30, DR Horton (DHI)rose 0.6% to $25.10, and KB Home (KBH) rose 0.5% to $49.07.<br /><br />Lower oil prices yet again didn't phase many key oil stocks with Exxon Mobil (XOM) rose 0.55% to $73.08 and Oil Service HOLDRs (OIH) rose 0.8% to $136.85.<br /><br />Conor Medsystems (CONR) rose 18% to $32.68 after J&J (JNJ) offered $33.50 to acquire the company. SurModics (SRDX) rapidly fell on the deal because they coat the J&J Cypher stent now, but they issued a release stating they would still be used and so the stock ran up to close up 7.75% to $34.49.<br /><br />H-P (HPQ) shares slid 1.25% to $24.94 despite beating EPS targets, as guidance is in-line.<br /><br />After yesterday's earnings, Starbucks (SBUX) fell 5.1% to $37.42 because guidance was essentially the same as in its recent analyst meeting. Its revenues were deemed a tad light, but it was really large profit taking after a huge run.<br /><br />Under Armour (UARM) rose 0.65% to $46.55 after Cramer last night said that it offered upside from current levels along with Nike (NKE).<br /><br />Marvell Tech (MRVL) fell 2.9% to $19.04 after posting a sequential revenue decline.<br /><br />Google (GOOG) was reiterated a Buy with a $600 target at Citigroup, but it never was able to crack $500.00. Its high was $499.85, and it closed up 0.58% at $498.79.<br /><br />First Solar (FSLR) priced its IPO at $20.00 and closed up at $24.74.<br /><br />Sony (SNE) saw its ADR's in the US trade up 2.1% to $40.79 as its long-awaited PS3 hit stores today.<br /><br />Altria (MO) rose 1.7% to $85.01 after raising guidance and as its "lights" case appears to have permenently gone in its favor.<br /><br />Foot Locker (FL) fell 2.7% to $23.27 after reporting a 2 percent decline in its third-quarter profit, and after the chances of a buyout are nearly gone.<br /><br />Advanced Magnetics (AMAG) rose a sharp 29.8% to $57.00 after it reported promising results from a late-stage clinical trial for an iron-replacement therapy for chronic kidney disease patients.<br /><br />Have a great weekend!<br /><br />Jon C. Ogg<br />November 17, 2006<br>2013 2013 2013 <br> <a href="http://www.matrixar.com/" title="Matrix ">المصفوفة : أجمل الخلفيات والصور</a>

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