Breaking News
GE Operating Earnings 34 Cents a Share vs 33 Cents a Share Estimated
Stocks
Morning Highlights
As we start last day of trading for the week the market’s weekly outcome reminds clouded. Both the Dow 30 and S&P 500 remind positive for week, however, the NASDAQ is in negative territory on a two day losing streak for all three indexes.
National Association of Realtors reported
The National Association of Realtors reported existing home sales fell 2.6% in March to an annual rate of 4.48 million units.
Tumi Holdings’ IPO
Tumi Holdings shares opened up for the first time more than 45 percent above their offer price.
Spain Auctions 2.5 Billion in Euro In Long Term Bonds
Spain’s Treasury auction saw solid demand on Thursday sending U.S. futures higher. Spain issued 2.5 billion in Euros or 3.3 billion in U.S. Dollars across 2 and 10 year bonds. Although demand was high – yield ticked higher compare to the last auction in January. Within the secondary market yields for both were slightly below primary sale.
Ten Stocks Bucking The Trend Today
U.S. markets gave up less than a percent across the board, however, several stocks managed to hit 52 week highs today. I always find companies that a can buck broader trend are always worth looking further into. Traders alike have fund many nuggets o the 52 week high list.
Mid-Day Top Percent Gainers
Top Percent Gainers
Unusual Option Activity Prologis
CAMS short for CurveAheadMarketStrategies.com screens found unusual activity in CALL and PUT options buying at several strike levels at mid-day trading in Prologis Inc. (PDL, quote) Option traders are coming after the May CALL and PUTS at several strikes.
Pre-Market Update
The S&P 500 futures are trading below fair value, suggesting a lower market opening this mornin after the U.S. stocks closed higher yesterday on improved results on a bond auction in Spain offset European economic worries. The S&P 500 index ended the day at 1390.78, up 1.55%. Analyisi are looking for Abbott Laboratories (ABT, quote) to post earnings $0.99 per share vs. earnings of $0.55 in the same period one
IBM Reports Earnings
IBM reports earnings excluding items of $2.78 a share, topping forecasts. Revenue came in at $24.67 billion, slightly short of expectations.
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