DJIA 12,106.11; Down 70.43 (0.58%)Nasdaq 2,376.01; Down 8.93 (0.37%)S&P500 1,378.79; Down 6.93 (0.50%)10YR-Bond 4.633%NYSE Volume 2,965,996,000NASD Volume 2,337,245,000When is a $64.3 Billion Trade Deficit for any single month considered good news? When it is about 7% lower than the August reading of $69 Billion because of lower oil prices is when. Our trade deficit with China alone was $23 Billion. Weekly jobless claims fell 20,000 this week to 308,000. We also now look like we officially have a democratic-led Congress now that the last senate race has been tallied.Cisco (CSCO) ruled the roost today. After it beat earnings and raised guidance the shares rose 6.5% to $26.72.Congratulations go out to KBW Inc, (KBW). Its IPO of 6.8 million shares went out at a $21.00 pricing, but it opened at $26.00, and closed at $26.90.Canadian Solar (CSIQ) rose to a close of $15.63 after it priced its 7.7 million share IPO at $15.00 per share.3M (MMM) sold 3 of its pharaceutical operation for $2.1 Billion in 3 transactions, but its shares actually slid 0.65% to $78.90.As oil prices went up and after Cramer annointed ExxonMobile (XOM), XOM rose 1.1% to $74.63 and the Oil Service HOLDRs (OIH) fell 0.1% to $139.75.Time Warner (TWX) rose 0.97% to $19.83 after pricing $5 Billion in debt securities with funds to be used as refinancing funds and for stock buybacks.NewsCorp (NWS) rose 0.9% to $22.06 after it beat earnings.Viacom (VIA) fell 3.1% to $38.43 after it posted lower earnings on movie results.Perrigo (PRGO) fell 5.6% to $17.00 after it had 11 million viles of acetomenophine recalled because of small metal scraps inside.Pfizer (PFE) fell almost 3% to $25.85 on fears that the company would be barred for presenting Lipitor successor data next week.J.C.Penney (JCP) rose 2% to $79.75 after better than expected earnings.Harley Davidson (HOG) only fell 1% to $71.45, despite the fact that it was downgraded at R.W.Baird and A.G.Edwards in seperate calls this morning.Deutsche Bank (DB) only fell 0.3% to $125.84 despite the brokerage arm of it getting kicked out of the hertz IPO today because of an employee sending improper emails to 175 institutional clients a week ahead of the offering.Lennar (LEN) fell 1% to $44.79 after its Chairman died yesterday.Qualcomm (QCOM) fell 4% to $34.83 after having some fair trade investigations surface in Japan.Urban Outfitters (URBN) rose a sharp 13% to $21.53 after the retailer earnings were not as bad as expected.Jupiter Media (JUPM) fell a sharp 36% to $5.83 after missing earnings expectations and taking downgrades.IMAX (IMAX) also fell another 30% to $3.38 after it posted a wide loss and as the company has gobe directionless. We are actually re-looking back at the company after having picked it as a BAIT SHOP member and been up substantially before telling investors to take profits and run because of valuation.Fox Hollow (FOXH) fell 19% to $28.90 after its guidance was weak and after downgrades today.Essex Corp (KEYW) rose 18% to $23.55 after Northrup Grumman acquired the company for its homeland defense portfolio.Goodyear Tire (GT) rose 15% to $17.54 after it beat lowered earnings expectations.Jon C. OggNovember 9, 2006
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
