Below are the unofficial closing bell levels for major index levels:
DJIA 11,429.48 +190.20 +1.69%
S&P 500 1,258.50 +13.14 +1.06%
NASDAQ 2,312.00 +27.15 +1.19%
10YR T-NOTE 4.038% (+0.104%)
52-WEEK LOWS
Top Analyst Upgrades
Top Analyst Downgrades
eBay Inc. (NASDAQ: EBAY) was one of the losers today after the company posted $0.43 EPS (non-GAAP) and $2.2 Billion in revenues, but mixed guidance ahead took shares of the online auction giant down by over 14% by the end of today in the final minutes to a 52-week low of $24.12.
Barr Pharmaceuticals Inc. (NYSE: BRL) was one of today's biggest winners with takeover rumors leading the surge. Its shares traded up over 20% to $57.64 by today's final minutes of trading.
JPMorgan Chase (NYSE: JPM) posted a more than 50% drop in net income to about $2 Billion or $0.54 EPS but that is above the $0.44 estimate from First call. As Jamie Dimon didn't note any additional Pandora's Box, shares were up by 12.5% at $40.48 in today's final minutes.
Nokia Corp. (NYSE: NOK) win may be other cell phone company's loss. The company posted a stronger second quarter than many expected with sales at €13.15 billion versus estimates of €12.86 billion and its global market share rose to 40% from 39% last year after it shipped 122 million handsets. Shares were up over 8% at $27.25 in today's final minutes of trading.
ValueClick Inc. (NASDAQ: VCLK) was today's big earnings loser. The company lowered revenues slightly for Q2 but really took down estimates for te second half of the year after saying macroeconomic pressures were not going to create an online ad spending upswing like the company is used to. Shares were down over 19% at $11.06 in today's final minutes, another 52-week low.
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Reader Comments (Page 1 of 1)
7-17-2008 @ 6:06PM
joe zahner said...
It appears that the hedge funds are taking their money out of oil and putting it in the stock market as they think it offers a greater return in the near future.