Maybe days with no solid economic data are the best after all. The Saudis denied that OPEC was considered moving away from oil being quoted in US Dollars and gold put in new all-time contract highs. T. Boone Pickens was also out with his new 2010 oil price predictions this morning. Here were today's unofficial closing bell levels:
Dow 9,731.25 +131.50 (1.37%)
S&P 500 1,054.72 +14.26 (1.37%)
Nasdaq 2,103.57 +35.42 (1.71%)
Analyst Calls: Top Upgrades and Top Downgrades
Top Day Trader Alerts
Top Rumors of the Day
American International Group (NYSE: AIG) rose on mixed news. UBS reinitiated a NEUTRAL rating, but the company is near to completing an agreement to sell its Taiwan life insurance unit. Shares were up 3.5% at $44.20 late in trading day.
NutriSystem Inc. (NASDAQ: NTRI) briefly put in new 52-week highs before giving back some gains. The company scored an 14-day introductory program launch in Wal-Mart stores and at Walmart.com and there is also a very large short interest. Shares were up 17% at $17.60 late in the day but had traded as high as $18.68.
The Mosaic Company (NYSE: MOS) posted disappointing results and the stock totally ignored the data because the CEO insists that higher prices will be coming down the pipe. It reported $0.23 EPS vs. $0.35 estimates and it did not give guidance because of poor potash conditions, yet shares were up 3% at $47.40 late in the trading day.
Toyota Motor Corporation (NYSE: TM) was unharmed on news that the ITC is investigating a patent dispute covering its hybrid vehicles. Shares were up 2.5%% at $77.00 late in the trading session.
If you want to see how high gold prices helped out the gold miners, the Market Vectors Gold Miners ETF (NYSE: GDX) was up 5.3% at $46.92 late in the trading day.
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Reader Comments (Page 1 of 1)
10-06-2009 @ 4:27PM
Washington Mutual Online Banking said...
This post will make people worry. As they would have planned for gold this season. But gold rates around the world are increasing. In such a situation we cannot do anything and except wait and watch.