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Weinig beweging bij de Dow, de Nasdaq herstelt wat.

20 april 2004, 08:55 | US Markets Redactie | leestijd: 3 minuten | moeilijkheid: 12 / 12 | (0)

Nabeurs gebeurde er weinig, vandaag komen er 3 Dow Jones fondsen met cijfers en spreekt Greenspan waar er eea duidelijk kan worden over het verloop van de rente.

Dinsdag 20 april:

De markt wacht op bedrijfscijfers van 3 Dow Jones bedrijven (Altria Group, General Motors, en Pfizer). Fed Chairman Alan Greenspan's zal vandaag een toespraak houden voor de Senate Banking Committee. Deze feiten zullen wel invloed uitoefenen op het verloop van de markt.

  • 18:10 ET Monday After Hours : prices levels vs. 4 pm ET: The after hours trade is negative tonight as buyers have lost their appetite for stocks. Tonight's earnings reports have been mostly upbeat, but they have come from a wide range of fairly minor players. Presently, the S&P futures, at 1132, are 3 points below fair value, and the Nasdaq 100 futures, at 1471, are 5 points below fair value. A fall in the Semiconductor Equipment book-to-bill ratio (to 1.10) in March has probably contributed to the selling in tech.
  • Kraft (KFT) (UNCH) : After lowering its Q1 (Mar) EPS outlook to $0.42-0.45 on Jan 27, the food processing company reports EPS of $0.45 - $0.02 ahead of the revised Reuters Research consensus estimate; Management says it sees FY04 (Dec) EPS of $1.93-2.00 (consensus of $1.94), which is somewhat below FY03's result of $2.01; Stock is down 9% from its Mar highs
  • j2 Global (JCOM) +10%: Communications services provider shows upside in its Q1 (Mar) report and also guides Q2 (June) numbers above that of market expectations; Citing the strong start to the year, j2 says FY04 (Dec) EPS should come in at the upper end of the range given on Feb 2; That range was actually below consensus estimates, prompting an 18% sell-off and laying the gr oundwork for tonight's up move
  • Mylan Labs (MYL) +3%: Generic drug company announces it will replace Sprint PCS (PCS) in the S&P 500 after the close of trading on Apr 22; Sprint Corp is eliminating its PCS tracking stock on that day; In a separate announcement, Valero Energy (VLO +2%) will replace John Hancock Financial (JHF) in the S&P 500 on a date to be announced; The latter company is merging with Manulife Financial (MFC)
  • National Semiconductor (NSM) +2%: Board of Directors approves a 2-for-1 stock split payable to shareholders of record on Apr 29; The actual stock dividend will be issued on May 13; Shares of the analog semiconductor name have advanced 140% in the past year as the company has posted four quarters of improving profit growth
  • Pixelworks (PXLW) +7% : Designer of semiconductors for the advanced display industry delivers Q1 (Mar) EPS of $0.14 (from $0.05 a year ago) on revenues that rose 41% to $45.3 mln; Company puts Q2 (June) top and bottom-line targets well above consensus estimates; Rival GNSS is up 3% tonight

Guy Boscart,


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