Investing

Market Wrap (JAN 29, 2007)

Stocks in the news today; followed by Stock Ticker, closing price, and net price change.

DJIA    12,490.78; Up 3.76 (0.03%)
NASDAQ    2,441.09; Up 5.60 (0.23%)
S&P500    1,420.62; Down 1.56 (0.11%)
10YR-Bond    4.8920%; Up 0.013
NYSE Volume    2,695,803,000
NASD Volume    1,978,324,000

Verizon (VZ-NYSE) after meeting earnings.
VZ     $38.03      $0.20

Citigroup (C-NYSE) fell after buying Egg for online banking in UK.
C     $54.06      $(0.61)

Intel (INTC) on making smaller chips to compete against AMD (AMD-NYSE); AMD shares didn’t reactto well as they are already being guttered.
INTC     $20.89      $0.36
AMD     $15.95      $(0.27)

Apple (AAPL-NASDAQ) up after Needham takes target to $135.00.
AAPL     $85.94      $0.56

Sirius (SIRI) down 1%…would Karmazin leave?
SIRI     $3.70      $(0.04)

Symantec (SYMC-NASDAQ) fell after making an acquisition.
SYMC     $17.52      $(0.25)

Amgen (AMGN) slid again.
AMGN     $69.97      $(1.53)

Bristol-Myers Squib (BMY) rose on hopes of a Sanofi-Aventis buyout.
BMY     $27.43      $1.22

Abitibi-Consolidated (ABY-NYSE) & Bowater (BOW-NYSE) up big on ‘merger of equals.’
ABY     $3.33      $0.69
BOW     $27.44      $5.29

Countrywide (CFC-NYSE) up on continued partnership hopes with Bank of America (BAC-NYSE).
CFC     $43.38      $1.38
BAC     $51.46      $(0.58)

Molecular Devices (MDCC-NASDAQ) up huge on buyout.
MDCC     $35.07      $11.19

First Republic Bank (FRC-NYSE) up big after Merrill Lynch acquires it, MER shares fell marginally.
FRC     $53.63      $15.33
MER     $92.39      $(2.14)

Laureate (LAUR) up 11% on management buyout with private equity consortium.
LAUR     $60.80      $6.39

ISSUES FOR TUESDAY:
Economics: JAN Consumer Confidence.

Pre-Market Earnings: 3M (MMM) $1.14; Burger King (BKC) $0.26;Diebold $0.74; Illinois Tool (ITW) $0.73; JetBlue (JBLU) $0.11; Kellogg(K) $0.46; Merck (MRK) $0.50; Wyeth (WYE) $0.71.

Earnings After Close: Celestica (CLS) $0.04; Chubb (CB)$1.34; Flextronics (FLEX) $0.22; Juniper (JNPR) $0.19; Red Envelope(REDE) $0.49; SanDisk (SNDK) $0.75; SiRF (SIRF) $0.24;  WebSense (WBSN)$0.25

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