The averages didn't have a great day, but some of the more popular names we have been talking about were higher.
Dow - 108 to 11401
Nas -9 to 2612
S&P -12 to 1204
Bucking the trend:
Apple +11.13 to a new high of 411.63
Chipotle (CMG) +18.08 to a new high of 336.14
Amazon (AMZN) +2.39 to new high of 241.69
Universal Display (PANL) +2.76 to 58.36
Mako Surgical (MAKO) +4.21 to new high of 40.48
Green Mountain (GMCR) +3.63 to 111.62
Lululemon (LULU) +2.95 to 60.71
Priceline (PCLN) +5.98 to 531.45
Whole Foods (WFM) +3.05 to 72.10
Oils, banks, commodities and Gold were down on the day.
Netflix (NFLX) had opened 7 points higher, closed down 11 for the day.
Monday, September 19, 2011
Noon Update....
The averages are still lower, but many stocks moving individually to the upside:
Dow -190
Nas -24
S&P -19 to 1196
Bucking the trend:
Apple +8 to 408.50
Chipotle +12 to 330.36
Panera +1.52 to 114.40
Green Mountain +3.22 to 111.20
Mako Surgical +2.14 to 38.41
Mastercard +2.79 to 349.74
Ulta +1.64 to 72.10
Netflix has reversed and is now down 3.55 to 151.65
Dow -190
Nas -24
S&P -19 to 1196
Bucking the trend:
Apple +8 to 408.50
Chipotle +12 to 330.36
Panera +1.52 to 114.40
Green Mountain +3.22 to 111.20
Mako Surgical +2.14 to 38.41
Mastercard +2.79 to 349.74
Ulta +1.64 to 72.10
Netflix has reversed and is now down 3.55 to 151.65
At 10:50 am...
The averages are still lower, but traders are moving into some familiar names.
Dow -226
Nas -47
S&P -24 to 1191
Netflix +7.05
Chipotle +9.07
Deckers +0.93
Lululemon +0.93
Ulta +1.32
Mako +1.81
Dow -226
Nas -47
S&P -24 to 1191
Netflix +7.05
Chipotle +9.07
Deckers +0.93
Lululemon +0.93
Ulta +1.32
Mako +1.81
Art Cashin doesn't like Obama's proposal...
Art Cashin's take on Pres. Obama's proposed millionaire tax probably sums up Wall Street's view: "After the 1929 crash, Congress proceeded to raise the top marginal tax rate from 25% to 63% by the end of Hoover’s term... Hiking those rates may have made folks feel that rates were more equitable, but it sure didn’t help the economy."
At 10:15 am....
Stocks are selling off across the board.
Dow -247
Nas -55
S&P -26 to 1189
Gold opened higher but is now selling off as well.
Netflix +5.81 on split up news
MAKO up 1.23 on new robotic technique
all 30 Dow stocks are lower
Dow -247
Nas -55
S&P -26 to 1189
Gold opened higher but is now selling off as well.
Netflix +5.81 on split up news
MAKO up 1.23 on new robotic technique
all 30 Dow stocks are lower
Lennar moves higher after earnings report...
Lennar’s (LEN +2.9%) FQ3 earnings slumped 31%, but Ticonderoga thinks results were “surprisingly good” - though EPS and revenue were merely in line - and "that should put a little bounce in investors’ steps." Management’s commentary on demand sounded a bit more upbeat, the firm says, with orders up a better-than-expected 11% Y/Y.
Lennar is up 0.63 to 14.44
Lennar is up 0.63 to 14.44
MAKO unveils hip Arthroplasty...
MAKO Surgical Corp. (MAKO) today announced the commercial availability of the RIO(R) Robotic Arm Interactive Orthopedic System for use in total hip replacement procedures, called MAKOplasty(R) Total Hip Arthroplasty.
MAKO's total hip replacement application is designed to support the surgeon's ability to more accurately align and position the implants relative to the needs of a patient. This may reduce potential complications associated with conventional hip replacement surgery. MAKOplasty Total Hip Arthroplasty provides a surgeon with a pre-operative 3-D reconstruction of the patient's hip and is used to develop the patient-specific surgical plan. The robotic-arm then assists the surgeon during the procedure to accurately prepare the joint and optimally place hip implants.
MAKO is one of our favorite growth stcoks...it is currently up 1.13 to 37.42. It is near all time highs.
MAKO's total hip replacement application is designed to support the surgeon's ability to more accurately align and position the implants relative to the needs of a patient. This may reduce potential complications associated with conventional hip replacement surgery. MAKOplasty Total Hip Arthroplasty provides a surgeon with a pre-operative 3-D reconstruction of the patient's hip and is used to develop the patient-specific surgical plan. The robotic-arm then assists the surgeon during the procedure to accurately prepare the joint and optimally place hip implants.
MAKO is one of our favorite growth stcoks...it is currently up 1.13 to 37.42. It is near all time highs.
Bristol Myers a takeout candidate???
Jefferies upgrades Bristol Myers (BMY) to Buy and increases its price target on shares to $35 from $27. The firm sees Bristol's underlying revenue and EPS ready to "rapidly take off mid-term," positioning the company as a "prime target for acquisition."
Happy Gilmore's grandmother dies....
Frances Bay, a veteran character actress known for playing sweet old ladies, died Thursday from pneumonia, the Associated Press reports. She was 92.
Classic line from the movie:
Grandma: Sir, can I trouble you for a glass of warm milk? It helps me go to sleep.
Nursing Home Orderly (Ben Stiller): You can trouble me for a warm glass of shut-the-hell-up! Now, you will go to sleep! Or I will PUT you to sleep. Check out the name tag. You're in MY world now, grandma!
Classic line from the movie:
Grandma: Sir, can I trouble you for a glass of warm milk? It helps me go to sleep.
Nursing Home Orderly (Ben Stiller): You can trouble me for a warm glass of shut-the-hell-up! Now, you will go to sleep! Or I will PUT you to sleep. Check out the name tag. You're in MY world now, grandma!
Netflix to split DVD and streaming video....
Netflix (NFLX) is a stock to watch this morning, on news that it is separating its DVD and streaming video rental services.
The DVD by mail service will now be known as "Qwikster", while the streaming service will keep the Netflix brand name.
Not sure I understand why they even have two services in the first place.
The DVD by mail service will now be known as "Qwikster", while the streaming service will keep the Netflix brand name.
Not sure I understand why they even have two services in the first place.
Obama to speak, market sells off....
President Obama is expected to propose today $3.6T of deficit cuts over the next decade, including entitlement cuts and tax hikes on corporations and individuals. Medicare and Medicaid would both see reduced budgets, while Social Security would remain untouched. The proposal is unlikely to pass Congress because of Republican opposition to tax increases.
More of the same here....futures point to a lower open.
More of the same here....futures point to a lower open.
Nice week last week...
Stocks stepped higher Friday and stretched their winning streak to five days.
The Nasdaq and S&P 500 both rose 0.6%, while the NYSE composite added 0.3%. Volume increased sharply across the board, elevated by quadruple witching, the once-a-quarter expiration of options and futures. The Nasdaq also closed above its declining 50-day moving average for the first time since July 29.
For a second straight day, the Nasdaq and S&P 500 ended above their respective areas of prior resistance, at 2600 and 1200. The next test for the S&P 500 will come around 1230, which is also close to its 50-day average.
For the week, the Nasdaq rose 6.3%, the S&P 500 5.4% and the NYSE 4.3%.
The Nasdaq and S&P 500 both rose 0.6%, while the NYSE composite added 0.3%. Volume increased sharply across the board, elevated by quadruple witching, the once-a-quarter expiration of options and futures. The Nasdaq also closed above its declining 50-day moving average for the first time since July 29.
For a second straight day, the Nasdaq and S&P 500 ended above their respective areas of prior resistance, at 2600 and 1200. The next test for the S&P 500 will come around 1230, which is also close to its 50-day average.
For the week, the Nasdaq rose 6.3%, the S&P 500 5.4% and the NYSE 4.3%.
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