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 0.013NYSE Volume 2,695,803,000NASD Volume …
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
Contact [email protected] for any questions or corrections.
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.