Today was a volatile day in the markets as stocks started out flat to slightly positive early on, went negative, but then came back throughout the day. Traders had no real economic numbers, but oil trading under $115 and gold down another 3% has traders cheering beyond any lagging economic numbers. Here are today's unofficial closing bell levels:
DJIA: 11,782.35
S&P500: 2,439.95
NASDAQ: 1,305.31
10YR T-Note 4.008% (+0.058%)
Pre-Market Analyst Upgrades
Pre-Market Analyst Downgrades
Amazon.com Inc. (NASDAQ: AMZN) rose sharply in today's final minutes. An analyst at Citigroup noted that the company could sell as many as 380,000 units of its Kindle e-book reader this year, which could in turn increase its Audible subscriptions and could raise its e-book sales. Shares were up over 9% at $87.86 in today's final minutes.
The Home Depot Inc. (NYSE: HD) saw a major gain today, but not on news in the classical sense. The stock had a technical breakout on its chart as it rallied through its 50-day moving average late last week and today shares went through the 200-day moving average. Shares were up over 4% at $27.52 in today's final minutes.
Research in Motion Ltd. (NASDAQ: RIMM) saw a bit of a mixed day with shares flirting with being positive and negative. But the company announced a significant milestone in its U.S. market share, cornering 10% of U.S. cell phone sales in the second quarter. Shares were actually down 2% at $130.75 in today's final minutes.
Sirius Satellite Radio Inc. (NASDAQ: SIRI), now SIRIUS XM Radio Inc., rose sharply as Mel Karmazin made a 1:30 p.m. appearance with Jim Cramer on CNBC. He noted the cost savings and outlined some of the exact financing plans. Shares were up 10% at $1.45 in today's final minutes.
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