die Boerse.
Leider kann ich bei den gestrigen Meldungen "kein polit. Ereignis"
feststellen. Hast Du eine andere site, wo man den Einfluss sehen
kann? Falls ja, kannst Du mir bitte die http geben. Danke
16:30 ET Dow -15.50 at 9052.44, Nasdaq -35.78 at 1570.17, S&P -6.48 at 1055.96: [BRIEFING.COM] Today's regular session lacked energy without any clear statement made as techs were weak, cyclicals were mixed and defensive groups were weak. That coupled with below average volume indicates traders are unwilling to put forth new money right now. The primary reason is that the Q3 earnings season kicks off after the bell tonight with Motorola (MOT 16.72 -0.67). Over the next few weeks, there will be some ugly earnings reports, the weakest in a long time as the Sep 11 attacks have had a huge impact on an important month. Techs will be hit hard as typically they rush to close deals in the last few weeks of a quarter. However, the weakness is not limited to tech as most every sector will be discussing the tragedy's impact on their businesses...Leading the way higher were biotech, brokerages, coal....Overall, energy stocks did well on speculation that OPEC is considering cutting production...Bio-agent detection and security stocks were clearly the biggest gainers: CPHD +86%, AATK +34%, TASR +28%, VISG +22%...Most other sectors were weak to mixed. Airlines, semiconductors, auto, media were among the many weak groups today. Auto stocks were weak in part due to Salomon Smith Barney slashing its 2001 estimate on Ford Motor (F 17.55 +0.26) to breakeven from $0.50. The firm now sees a 50% chance of a quarterly dividend cut to $0.20 from $0.30...All eyes will be on Motorola as the handset and semi giant reports after the bell tonight. It will affect not only telecom stocks, but also tech stocks generally as traders will look to the treatment of MOT's stock for guidance as to how this earnings season will be treated. Specifically, how forgiving will traders be for what will be a terrible Q3? Will they get a free pass? We'll know soon. DJTA -2.5%... DJUA -1.7%... SOX -5.9%... DOT -1.8%... XOI +1.0%... Nasdaq -35.78 at 1570.17... NYSE Adv/Dec 1483/1600... Nasdaq Adv/Dec 1426/2098.
15:30 ET Dow -54, Nasdaq -35, S&P -6.82: [BRIEFING.COM] The Dow and Nasdaq continue to trade in narrow ranges. Most every major index is in the red today, however, the S&P 400 MidCap Index is slightly positive. The market's reaction to MOT tonight will be a gauge for how traders will treat companies over the coming weeks as earnings report hit. It's expected many will be given a free pass for Q3 due to the attacks, but Q4 guidance will be the key...The semiconductors (SOX 407.73 -18.82) have been unable to spur any buying. The index is getting close to last Thursday's close and relinquish the strong gain from Friday to early Monday. SOX -4.4%... Nasdaq -35... NYSE Adv/Dec 1432/1622... Nasdaq Adv/Dec 1345/2128.
15:00 ET Dow -38, Nasdaq -30, S&P -5.21: [BRIEFING.COM] Lehman just upgraded Networks Assoc (NETA 15.50 -0.94) to Strong Buy from Buy as firm urges investors to use weakness caused by downgrade this morning by Morgan Stanley to establish or add to positions...Reporting earnings after the bell are EXFO (EXFO 9.43 -0.26), Harley-Davidson (HDI 42.80 +0.30), Lam Research (LRCX 16.98 -1.71), Motorola (MOT 16.47 -0.91), Rational Software (RATL 11.23 -0.21). Clearly, Motorola's report will be the key. Expect it to affect other handset makers Nokia (NOK 17.27 +0.04), Ericsson (ERICY 3.81 -0.01) as well as: QCOM, AHAA, RFMD, PWAV, ANAD, TQNT, CLTK...Low volume today indicates this was not panic selling, but rather a preference of some traders to keep assets in cash. Nasdaq -30... NYSE Adv/Dec 1425/1622... Nasdaq Adv/Dec 1302/2107.
14:35 ET Dow -45, Nasdaq -31, S&P -6.50: [BRIEFING.COM] Talk about directionless: the Nasdaq has been trading within a 10 pt range for almost three hours. Also, there's no easily recognizable pattern as tech stocks are weak, defensive sectors are weak and cyclicals are mixed. Cash is king. Today's low volume demonstrates a desire by those on the sidelines remain there at least until MOT reports tonight and perhaps longer...Drug store chains are generally lower as Lehman downgraded CVS Corp (CVS 32.32 -0.90) this morning citing a weak economy and an increasingly competitive retail environment. Rite-Aid (RAD +4%) is holding up better....First Data (FDC 61.41 +4.39) is posting a solid day after reporting Q3 earnings $0.03 better than consensus last night. The same cannot be said for B2B player Commerce One (CMRC 2.60 -0.20), which warned last night. Nasdaq -31... NYSE Adv/Dec 1373/1659... Nasdaq Adv/Dec 1252/2118.
14:05 ET Dow -36, Nasdaq -30, S&P -6.46: [BRIEFING.COM] Techs continue to be avoided as traders rotate into cash ahead of the earnings reports tonight from Motorola (MOT 16.53 -0.86) and Lam Research (LRCX 17.14 -1.56)....Onlky a handful of sectors continue to add to gains this afternoon. Coal stocks are putting on a show: BTU +10%, MEE +9%, ACI+9%. Seldom does the group move this much in a day. Also, brokerages are doing well. eTrade (ET 6.26 +0.35) has come on strong of late. Other leaders: LEH +4%, MER +4%....Surprisingly, there are not a whole lot of familiar names hitting new 52-wk lows today: Big Lots (BLI 7.72 +0.02), Corning (GLW 7.19 -0.16), Edison Schools (EDSN 11.35 -0.60). Nasdaq -30... NYSE Adv/Dec 1377/1606... Nasdaq Adv/Dec 1262/2059.
13:30 ET Dow -20, Nasdaq -25, S&P -4.51: [BRIEFING.COM] The Dow and Nasdaq have been heading sideways for a couple of hours. Semiconductor stocks (SOX 410.52 -16.03) have been weak all session. Intel (INTC) has bee getting hurt in part by some bearish comments from CSFB which believes INTC will fall at or just below its guidance range for Q3. However, inventory has been building in the channel and should lead to disappointing guidance for Q4...Bio-agent stocks continue to ramp higher: CPHD +83%, AATK +33%, BDAL +6%. SOX -3.8%... Nasdaq -25... NYSE Adv/Dec 1403/1541... Nasdaq Adv/Dec 1301/2001.
13:05 ET Dow -26, Nasdaq -32, S&P -6.30: [BRIEFING.COM] The Nasdaq continues to hold near its session lows while the Dow trades roughly in the middle of its intraday range...F5 Networks (FFIV 11.54 +0.66) is making a nice run of late as the stock climbs out of the red for the first time today...Alpha Ind (AHAA 19.09 -2.04) is coming under pressure on trading floor rumors that AHAA might lose a Nokia (NOK) contract to RF Micro (RFMD 17.54 -0.37). Also, tonight's Motorola (MOT) earnings report could be affecting AHAA as MOT accounted for 26% of sales in FY01...Chemicals continue to post nice gains. Nasdaq -32... NYSE Adv/Dec 1338/1574... Nasdaq Adv/Dec 1257/2004.
12:30 ET Dow -22, Nasdaq -29, S&P -4.98: [BRIEFING.COM] The Nasdaq has been unable to gain any traction today as heavyweights MSFT and INTC lead the techs lower...Brocade (BRCD 19.90 -1.68) continues to weaken throughout the session...Rent-A-Center (RCII 19.85 -5.15) continues to trade lower throughout the day due to a warning....Coal stocks are uncharacterisitically strong today: Massey (MEE 17.40 +1.19), Arch Coal (ARCH 18.41 +0.91). No news out, but overall energy sector is strong....Stocks hitting new 52-wk highs today include Affiliated Computer (ACS 87.46 +0.84), Autozone (AZO 54.96 +0.68), Biovail (BVF 48.81 -1.17), Pepsi Bottling (PBG 48.32 +0.50), SuperValu (SVU 22.58 -0.16), Viisage (VISG 14.47 +1.37), Visionics (VSNX 14.71 -1.20). Nasdaq -29... NYSE Adv/Dec 1332/1536... Nasdaq Adv/Dec 1304/1891.
12:00 ET Dow -22, Nasdaq -30, S&P -4.76: [BRIEFING.COM] Mid-Day Summary: It has been a lackluster trading session. There is no clear direction as techs are weak, cyclicals are mixed and defensive groups are weak. It seems as though money is heading to the sidelines. A big reason could be that we kick off the Q3 earnings season tonight. Over the next few weeks, it should be an ugly reporting season, probably the weakest in a long time as the Sep 11 attacks have had a huge impact on an important month. Techs will be hit hard as typically they rush to close deals in the last few weeks of a quarter....Biotech has been very strong led by MYGN +10%, DNA +7%, HGSI +5%. Also, the brokerages are posting nice gains despite reports of CSFB cutting more jobs. Lehman (LEH 58.25 +1.87) and Merrill (MER 41.35 +1.29) are the percentage gainers...Energy stocks are benefiting from speculation that OPEC is considering cutting production...Bio-agent detection and security stocks continue to be trader favorites today adding to already impressive gains yesterday: CPHD +57%, AATK +18%, SIGA +16%, BDAL +11%...Most other sectors are weak to mixed. Techs have been lackluster due to the start of earnings season. All eyes will be on Motorola (MOT 16.85 -0.54) as the handset and semi giant reports after the bell...Alcoa (AA 31.77 +1.71) is the leading gainer on the Dow, while MSFT and INTC are both down more than 4% in a weak overall tech market. Nasdaq -30... NYSE Adv/Dec 1317/1501... Nasdaq Adv/Dec 1269/1859.
11:30 ET Dow -22, Nasdaq -27, S&P -4.76: [BRIEFING.COM] The Dow and the Nasdaq have been attempting comebacks, but have been met with selling each time. On the Nasdaq, we are watching levels at 1595 and 1585 for indications of the strength of the current recovery attempt. Follow through beyond upper level and then 1607 raises probability that action off yesterday's high is a correction and not the beginning of a sustainable downtrend....No real clear trend today as defensive stocks are weak, tech/growth sectors are weak while cyclicals are mixed. The Semi Index (SOX 410.96 -15.59) is headed toward session lows again. SOX -3.7%... Nasdaq -27... NYSE Adv/Dec 1264/1471... Nasdaq Adv/Dec 1316/1700.
11:00 ET Dow -1, Nasdaq -12, S&P -0.82: [BRIEFING.COM] The Dow has quickly moved close to break even led by recent spikes in PG and AA...Telecom equipment stocks are mixed to lower. JP Morgan issued a bearish telecom cap-ex forecast. However, Lucent (LU 6.43 -0.11) said it has signed a multi-million dollar agreement with Japan Telecom to deploy the first all-optical switch in the Japanese network....The autos are under pressure today as lower sales volumes are causing analysts to lower estimates. Also, Ford (F 17.04 -0.25) will meet on Thursday about a potential dividend cut...Book retailers are weak as Borders Group (BGP 19.24 -0.81) has warned for OctQ. However, Barnes & Noble (BKS 35.77 -0.14) is making a strong run and is almost $2 off its low for the day. Nasdaq -12... NYSE Adv/Dec 1243/1414... Nasdaq Adv/Dec 1309/1579.
10:30 ET Dow -43, Nasdaq -24, S&P -5.30: [BRIEFING.COM] Microsoft (MSFT 56.19 -1.85) is selling off here, dragging the Dow lower, as the US Supreme Court declines to hear the company's appeal for a new trial....Retailers are weak as we are in the midst of Sep same store sales data releases. They are expected to be weak as consumer confidence has fallen sharply. Also, Toys R Us (TOY 18.17 -0.13) is guiding estimates lower ahead of what should be the worst holiday shopping season in a long time...After initially trading lower, the REITs downgraded by Merrill Lynch this morning are rebounding: Equity Office (EOP 30.80 -0.19), Boston Properties (BXP 35.90 -0.34), Mission West (MSW 10.68 unch), Crescent (CEI 18.66 -0.63). Nasdaq -24... NYSE Adv/Dec 1014/1511... Nasdaq Adv/Dec 1047/1685.
10:00 ET Dow -46, Nasdaq -26: [BRIEFING.COM] The Nasdaq quickly dropped 20 pts after making a slight push higher. Energy stocks are strong across the board -- integrated oil, oil drillers, coal, natural gas. There is speculation that OPEC will lower production, however, the chances are not all that great due to the conflict....Biotech is solidly higher led by MYGN +12% thanks to a new drug discovery...Tech stocks are generally lower as PC, semi, semi equipment, software are all weak...Motorola (MOT 16.95 -0.44) is off slightly ahead of its earning report tonight. Some analysts are out with cautious comments on Q4. Nokia (NOK 17.42 +0.19) and Ericsson (ERICY 3.91 +0.08) are doing little. Nasdaq -26... NYSE Adv/Dec 958/1339... Nasdaq Adv/Dec 952/1534.
09:45 ET: [BRIEFING.COM] The Dow and the Nasdaq are slightly lower out of the gate. Most sectors are mixed, but leading on the upside are biotech, oil, energy wholesalers. Bio-agent detection and security stocks are adding strongly to yesterday's gains: CPHD +56%, AATK +51%, BDAL +9%, VISG +8%...Weak sectors include retail, auto, banks, software, semiconductor.
09:10 ET: [BRIEFING.COM] The cash market is pointing to a slightly higher open despite mostly negative comments from the analysts....CSFB believes Intel (INTC 22.24) will fall at or just below its guidance range for Q3, but says that inventory has built up in the channel and will lead to disappointing guidance for Q4. Also, in the chip space, Micron Tech (MU 21.15) is being downgraded by ABN AMRO on weak DRAM market. Firm slashes FY02 estimate to $(1.25) from $1.35. Multex consensus is $(0.78)...JP Morgan is yet another in a long line of firms lowering telecom capex projections. Firm now sees -23% this year and an additional -20% net year...Goldman Sachs is downgrading Dollar Tree (DLTR 20.69)...S&P 500 futures are trading 1.0 pt above fair value while Nas 100 PMI is -1.
08:35 ET: [BRIEFING.COM] The futures had been declining over the last hour, but have rebounded over last few minutes. Analyst and company comments this morning are generally negative. There's no huge piece of news, but rather a bunch of comments on smaller companies. Salomon Smith Barney is slashing its 2001 estimate on Ford Motor (F 17.29) to breakeven from $0.50 and now sees a 50% chance of a quarterly dividend cut to $0.20 from $0.30...Biological-agent detection stocks are rallying for the second day: CPHD (+41%), AATK (+23%), BDAL (+12%). NY Times says CPHD is hoping to supply Army...Crude oil spiked nearly 2% higher in Europe on hopes OPEC will be cutting production but this is unlikely while the hostilities continue...Overseas, European stocks were higher, led by Nokia and Siemens on hopes of an improving US market and ahead of Motorola's (MOT 17.39) earnings report tonight....Nothing on economic calendar today...S&P futures are trading 1.5 pts above fair value while Nas 100 PMI is -1.
08:00 ET: [BRIEFING.COM] This morning's fair value figures -- S&P 500 fair value: 1065, closed at fair value. Nasdaq 100 fair value: 1286, closed at fair value. Current indications: S&P 500 futures are +2.30, or 2.3 pts above fair value. Nasdaq 100 is -1.50, or 1.50 pts below fair value...Quiet morning although most analyst and company comments are negative.
07:30 ET: [BRIEFING.COM] This morning's fair value figures -- S&P 500 fair value: 1065, closed at fair value. Nasdaq 100 fair value: 1286, closed at fair value. Current indications: S&P 500 futures are +3.40, or 3.4 pts above fair value. Nasdaq 100 is +0.50, or 0.50 pts above fair value... Action analyst driven so far this morning; NETA slumping 5.7% in pre-market on reports of a downgrade; Robbie downgrading DMRC to Mkt Perform from Buy.
06:37 ET: [BRIEFING.COM] S&P futures trading at 1069.50, 4.5 points over fair value, Nasdaq 100 futures trading at 1288, 2.0 points over fair value. The 30-year bond is off 2 ticks at 5.315%. The dollar is a bit firmer against the yen, but unchanged against the euro.
06:36 ET: FTSE +0.63%, DAX +0.48%: [BRIEFING.COM] European stocks higher. Siemens, Nokia, Ericsson and Alcatel all well bid ahead of earnings from Motorola later today. Tech strength helping to counter weakness in banking shares. Credit Suisse Group said it will post a loss of 300 mln franc and cut 2,000 jobs in its investment banking unit. UK's Marks and Spencer boosted by a turnaround in sales.
06:36 ET: Nikkei -1.90%, Hang Seng +3.92%: [BRIEFING.COM] Asian stocks mostly higher. Japan the notable exception however. Nikkei dragged lower on the back of weakness in export shares. Toyota lost more than 6%, while Sony fell roughly 4%. Telecom helped to push the Hang Seng Index almost 4% higher, while semiconductor shares offered broad-based support throughout the region.
Leider kann ich bei den gestrigen Meldungen "kein polit. Ereignis"
feststellen. Hast Du eine andere site, wo man den Einfluss sehen
kann? Falls ja, kannst Du mir bitte die http geben. Danke
16:30 ET Dow -15.50 at 9052.44, Nasdaq -35.78 at 1570.17, S&P -6.48 at 1055.96: [BRIEFING.COM] Today's regular session lacked energy without any clear statement made as techs were weak, cyclicals were mixed and defensive groups were weak. That coupled with below average volume indicates traders are unwilling to put forth new money right now. The primary reason is that the Q3 earnings season kicks off after the bell tonight with Motorola (MOT 16.72 -0.67). Over the next few weeks, there will be some ugly earnings reports, the weakest in a long time as the Sep 11 attacks have had a huge impact on an important month. Techs will be hit hard as typically they rush to close deals in the last few weeks of a quarter. However, the weakness is not limited to tech as most every sector will be discussing the tragedy's impact on their businesses...Leading the way higher were biotech, brokerages, coal....Overall, energy stocks did well on speculation that OPEC is considering cutting production...Bio-agent detection and security stocks were clearly the biggest gainers: CPHD +86%, AATK +34%, TASR +28%, VISG +22%...Most other sectors were weak to mixed. Airlines, semiconductors, auto, media were among the many weak groups today. Auto stocks were weak in part due to Salomon Smith Barney slashing its 2001 estimate on Ford Motor (F 17.55 +0.26) to breakeven from $0.50. The firm now sees a 50% chance of a quarterly dividend cut to $0.20 from $0.30...All eyes will be on Motorola as the handset and semi giant reports after the bell tonight. It will affect not only telecom stocks, but also tech stocks generally as traders will look to the treatment of MOT's stock for guidance as to how this earnings season will be treated. Specifically, how forgiving will traders be for what will be a terrible Q3? Will they get a free pass? We'll know soon. DJTA -2.5%... DJUA -1.7%... SOX -5.9%... DOT -1.8%... XOI +1.0%... Nasdaq -35.78 at 1570.17... NYSE Adv/Dec 1483/1600... Nasdaq Adv/Dec 1426/2098.
15:30 ET Dow -54, Nasdaq -35, S&P -6.82: [BRIEFING.COM] The Dow and Nasdaq continue to trade in narrow ranges. Most every major index is in the red today, however, the S&P 400 MidCap Index is slightly positive. The market's reaction to MOT tonight will be a gauge for how traders will treat companies over the coming weeks as earnings report hit. It's expected many will be given a free pass for Q3 due to the attacks, but Q4 guidance will be the key...The semiconductors (SOX 407.73 -18.82) have been unable to spur any buying. The index is getting close to last Thursday's close and relinquish the strong gain from Friday to early Monday. SOX -4.4%... Nasdaq -35... NYSE Adv/Dec 1432/1622... Nasdaq Adv/Dec 1345/2128.
15:00 ET Dow -38, Nasdaq -30, S&P -5.21: [BRIEFING.COM] Lehman just upgraded Networks Assoc (NETA 15.50 -0.94) to Strong Buy from Buy as firm urges investors to use weakness caused by downgrade this morning by Morgan Stanley to establish or add to positions...Reporting earnings after the bell are EXFO (EXFO 9.43 -0.26), Harley-Davidson (HDI 42.80 +0.30), Lam Research (LRCX 16.98 -1.71), Motorola (MOT 16.47 -0.91), Rational Software (RATL 11.23 -0.21). Clearly, Motorola's report will be the key. Expect it to affect other handset makers Nokia (NOK 17.27 +0.04), Ericsson (ERICY 3.81 -0.01) as well as: QCOM, AHAA, RFMD, PWAV, ANAD, TQNT, CLTK...Low volume today indicates this was not panic selling, but rather a preference of some traders to keep assets in cash. Nasdaq -30... NYSE Adv/Dec 1425/1622... Nasdaq Adv/Dec 1302/2107.
14:35 ET Dow -45, Nasdaq -31, S&P -6.50: [BRIEFING.COM] Talk about directionless: the Nasdaq has been trading within a 10 pt range for almost three hours. Also, there's no easily recognizable pattern as tech stocks are weak, defensive sectors are weak and cyclicals are mixed. Cash is king. Today's low volume demonstrates a desire by those on the sidelines remain there at least until MOT reports tonight and perhaps longer...Drug store chains are generally lower as Lehman downgraded CVS Corp (CVS 32.32 -0.90) this morning citing a weak economy and an increasingly competitive retail environment. Rite-Aid (RAD +4%) is holding up better....First Data (FDC 61.41 +4.39) is posting a solid day after reporting Q3 earnings $0.03 better than consensus last night. The same cannot be said for B2B player Commerce One (CMRC 2.60 -0.20), which warned last night. Nasdaq -31... NYSE Adv/Dec 1373/1659... Nasdaq Adv/Dec 1252/2118.
14:05 ET Dow -36, Nasdaq -30, S&P -6.46: [BRIEFING.COM] Techs continue to be avoided as traders rotate into cash ahead of the earnings reports tonight from Motorola (MOT 16.53 -0.86) and Lam Research (LRCX 17.14 -1.56)....Onlky a handful of sectors continue to add to gains this afternoon. Coal stocks are putting on a show: BTU +10%, MEE +9%, ACI+9%. Seldom does the group move this much in a day. Also, brokerages are doing well. eTrade (ET 6.26 +0.35) has come on strong of late. Other leaders: LEH +4%, MER +4%....Surprisingly, there are not a whole lot of familiar names hitting new 52-wk lows today: Big Lots (BLI 7.72 +0.02), Corning (GLW 7.19 -0.16), Edison Schools (EDSN 11.35 -0.60). Nasdaq -30... NYSE Adv/Dec 1377/1606... Nasdaq Adv/Dec 1262/2059.
13:30 ET Dow -20, Nasdaq -25, S&P -4.51: [BRIEFING.COM] The Dow and Nasdaq have been heading sideways for a couple of hours. Semiconductor stocks (SOX 410.52 -16.03) have been weak all session. Intel (INTC) has bee getting hurt in part by some bearish comments from CSFB which believes INTC will fall at or just below its guidance range for Q3. However, inventory has been building in the channel and should lead to disappointing guidance for Q4...Bio-agent stocks continue to ramp higher: CPHD +83%, AATK +33%, BDAL +6%. SOX -3.8%... Nasdaq -25... NYSE Adv/Dec 1403/1541... Nasdaq Adv/Dec 1301/2001.
13:05 ET Dow -26, Nasdaq -32, S&P -6.30: [BRIEFING.COM] The Nasdaq continues to hold near its session lows while the Dow trades roughly in the middle of its intraday range...F5 Networks (FFIV 11.54 +0.66) is making a nice run of late as the stock climbs out of the red for the first time today...Alpha Ind (AHAA 19.09 -2.04) is coming under pressure on trading floor rumors that AHAA might lose a Nokia (NOK) contract to RF Micro (RFMD 17.54 -0.37). Also, tonight's Motorola (MOT) earnings report could be affecting AHAA as MOT accounted for 26% of sales in FY01...Chemicals continue to post nice gains. Nasdaq -32... NYSE Adv/Dec 1338/1574... Nasdaq Adv/Dec 1257/2004.
12:30 ET Dow -22, Nasdaq -29, S&P -4.98: [BRIEFING.COM] The Nasdaq has been unable to gain any traction today as heavyweights MSFT and INTC lead the techs lower...Brocade (BRCD 19.90 -1.68) continues to weaken throughout the session...Rent-A-Center (RCII 19.85 -5.15) continues to trade lower throughout the day due to a warning....Coal stocks are uncharacterisitically strong today: Massey (MEE 17.40 +1.19), Arch Coal (ARCH 18.41 +0.91). No news out, but overall energy sector is strong....Stocks hitting new 52-wk highs today include Affiliated Computer (ACS 87.46 +0.84), Autozone (AZO 54.96 +0.68), Biovail (BVF 48.81 -1.17), Pepsi Bottling (PBG 48.32 +0.50), SuperValu (SVU 22.58 -0.16), Viisage (VISG 14.47 +1.37), Visionics (VSNX 14.71 -1.20). Nasdaq -29... NYSE Adv/Dec 1332/1536... Nasdaq Adv/Dec 1304/1891.
12:00 ET Dow -22, Nasdaq -30, S&P -4.76: [BRIEFING.COM] Mid-Day Summary: It has been a lackluster trading session. There is no clear direction as techs are weak, cyclicals are mixed and defensive groups are weak. It seems as though money is heading to the sidelines. A big reason could be that we kick off the Q3 earnings season tonight. Over the next few weeks, it should be an ugly reporting season, probably the weakest in a long time as the Sep 11 attacks have had a huge impact on an important month. Techs will be hit hard as typically they rush to close deals in the last few weeks of a quarter....Biotech has been very strong led by MYGN +10%, DNA +7%, HGSI +5%. Also, the brokerages are posting nice gains despite reports of CSFB cutting more jobs. Lehman (LEH 58.25 +1.87) and Merrill (MER 41.35 +1.29) are the percentage gainers...Energy stocks are benefiting from speculation that OPEC is considering cutting production...Bio-agent detection and security stocks continue to be trader favorites today adding to already impressive gains yesterday: CPHD +57%, AATK +18%, SIGA +16%, BDAL +11%...Most other sectors are weak to mixed. Techs have been lackluster due to the start of earnings season. All eyes will be on Motorola (MOT 16.85 -0.54) as the handset and semi giant reports after the bell...Alcoa (AA 31.77 +1.71) is the leading gainer on the Dow, while MSFT and INTC are both down more than 4% in a weak overall tech market. Nasdaq -30... NYSE Adv/Dec 1317/1501... Nasdaq Adv/Dec 1269/1859.
11:30 ET Dow -22, Nasdaq -27, S&P -4.76: [BRIEFING.COM] The Dow and the Nasdaq have been attempting comebacks, but have been met with selling each time. On the Nasdaq, we are watching levels at 1595 and 1585 for indications of the strength of the current recovery attempt. Follow through beyond upper level and then 1607 raises probability that action off yesterday's high is a correction and not the beginning of a sustainable downtrend....No real clear trend today as defensive stocks are weak, tech/growth sectors are weak while cyclicals are mixed. The Semi Index (SOX 410.96 -15.59) is headed toward session lows again. SOX -3.7%... Nasdaq -27... NYSE Adv/Dec 1264/1471... Nasdaq Adv/Dec 1316/1700.
11:00 ET Dow -1, Nasdaq -12, S&P -0.82: [BRIEFING.COM] The Dow has quickly moved close to break even led by recent spikes in PG and AA...Telecom equipment stocks are mixed to lower. JP Morgan issued a bearish telecom cap-ex forecast. However, Lucent (LU 6.43 -0.11) said it has signed a multi-million dollar agreement with Japan Telecom to deploy the first all-optical switch in the Japanese network....The autos are under pressure today as lower sales volumes are causing analysts to lower estimates. Also, Ford (F 17.04 -0.25) will meet on Thursday about a potential dividend cut...Book retailers are weak as Borders Group (BGP 19.24 -0.81) has warned for OctQ. However, Barnes & Noble (BKS 35.77 -0.14) is making a strong run and is almost $2 off its low for the day. Nasdaq -12... NYSE Adv/Dec 1243/1414... Nasdaq Adv/Dec 1309/1579.
10:30 ET Dow -43, Nasdaq -24, S&P -5.30: [BRIEFING.COM] Microsoft (MSFT 56.19 -1.85) is selling off here, dragging the Dow lower, as the US Supreme Court declines to hear the company's appeal for a new trial....Retailers are weak as we are in the midst of Sep same store sales data releases. They are expected to be weak as consumer confidence has fallen sharply. Also, Toys R Us (TOY 18.17 -0.13) is guiding estimates lower ahead of what should be the worst holiday shopping season in a long time...After initially trading lower, the REITs downgraded by Merrill Lynch this morning are rebounding: Equity Office (EOP 30.80 -0.19), Boston Properties (BXP 35.90 -0.34), Mission West (MSW 10.68 unch), Crescent (CEI 18.66 -0.63). Nasdaq -24... NYSE Adv/Dec 1014/1511... Nasdaq Adv/Dec 1047/1685.
10:00 ET Dow -46, Nasdaq -26: [BRIEFING.COM] The Nasdaq quickly dropped 20 pts after making a slight push higher. Energy stocks are strong across the board -- integrated oil, oil drillers, coal, natural gas. There is speculation that OPEC will lower production, however, the chances are not all that great due to the conflict....Biotech is solidly higher led by MYGN +12% thanks to a new drug discovery...Tech stocks are generally lower as PC, semi, semi equipment, software are all weak...Motorola (MOT 16.95 -0.44) is off slightly ahead of its earning report tonight. Some analysts are out with cautious comments on Q4. Nokia (NOK 17.42 +0.19) and Ericsson (ERICY 3.91 +0.08) are doing little. Nasdaq -26... NYSE Adv/Dec 958/1339... Nasdaq Adv/Dec 952/1534.
09:45 ET: [BRIEFING.COM] The Dow and the Nasdaq are slightly lower out of the gate. Most sectors are mixed, but leading on the upside are biotech, oil, energy wholesalers. Bio-agent detection and security stocks are adding strongly to yesterday's gains: CPHD +56%, AATK +51%, BDAL +9%, VISG +8%...Weak sectors include retail, auto, banks, software, semiconductor.
09:10 ET: [BRIEFING.COM] The cash market is pointing to a slightly higher open despite mostly negative comments from the analysts....CSFB believes Intel (INTC 22.24) will fall at or just below its guidance range for Q3, but says that inventory has built up in the channel and will lead to disappointing guidance for Q4. Also, in the chip space, Micron Tech (MU 21.15) is being downgraded by ABN AMRO on weak DRAM market. Firm slashes FY02 estimate to $(1.25) from $1.35. Multex consensus is $(0.78)...JP Morgan is yet another in a long line of firms lowering telecom capex projections. Firm now sees -23% this year and an additional -20% net year...Goldman Sachs is downgrading Dollar Tree (DLTR 20.69)...S&P 500 futures are trading 1.0 pt above fair value while Nas 100 PMI is -1.
08:35 ET: [BRIEFING.COM] The futures had been declining over the last hour, but have rebounded over last few minutes. Analyst and company comments this morning are generally negative. There's no huge piece of news, but rather a bunch of comments on smaller companies. Salomon Smith Barney is slashing its 2001 estimate on Ford Motor (F 17.29) to breakeven from $0.50 and now sees a 50% chance of a quarterly dividend cut to $0.20 from $0.30...Biological-agent detection stocks are rallying for the second day: CPHD (+41%), AATK (+23%), BDAL (+12%). NY Times says CPHD is hoping to supply Army...Crude oil spiked nearly 2% higher in Europe on hopes OPEC will be cutting production but this is unlikely while the hostilities continue...Overseas, European stocks were higher, led by Nokia and Siemens on hopes of an improving US market and ahead of Motorola's (MOT 17.39) earnings report tonight....Nothing on economic calendar today...S&P futures are trading 1.5 pts above fair value while Nas 100 PMI is -1.
08:00 ET: [BRIEFING.COM] This morning's fair value figures -- S&P 500 fair value: 1065, closed at fair value. Nasdaq 100 fair value: 1286, closed at fair value. Current indications: S&P 500 futures are +2.30, or 2.3 pts above fair value. Nasdaq 100 is -1.50, or 1.50 pts below fair value...Quiet morning although most analyst and company comments are negative.
07:30 ET: [BRIEFING.COM] This morning's fair value figures -- S&P 500 fair value: 1065, closed at fair value. Nasdaq 100 fair value: 1286, closed at fair value. Current indications: S&P 500 futures are +3.40, or 3.4 pts above fair value. Nasdaq 100 is +0.50, or 0.50 pts above fair value... Action analyst driven so far this morning; NETA slumping 5.7% in pre-market on reports of a downgrade; Robbie downgrading DMRC to Mkt Perform from Buy.
06:37 ET: [BRIEFING.COM] S&P futures trading at 1069.50, 4.5 points over fair value, Nasdaq 100 futures trading at 1288, 2.0 points over fair value. The 30-year bond is off 2 ticks at 5.315%. The dollar is a bit firmer against the yen, but unchanged against the euro.
06:36 ET: FTSE +0.63%, DAX +0.48%: [BRIEFING.COM] European stocks higher. Siemens, Nokia, Ericsson and Alcatel all well bid ahead of earnings from Motorola later today. Tech strength helping to counter weakness in banking shares. Credit Suisse Group said it will post a loss of 300 mln franc and cut 2,000 jobs in its investment banking unit. UK's Marks and Spencer boosted by a turnaround in sales.
06:36 ET: Nikkei -1.90%, Hang Seng +3.92%: [BRIEFING.COM] Asian stocks mostly higher. Japan the notable exception however. Nikkei dragged lower on the back of weakness in export shares. Toyota lost more than 6%, while Sony fell roughly 4%. Telecom helped to push the Hang Seng Index almost 4% higher, while semiconductor shares offered broad-based support throughout the region.
