Closing Bell: Market Finishes Up Slightly (JPM, PALM, NKE, FNM, V, RIMM, ORCL)

JPMorgan Chase & Co. (JPM) is better than Meredith Whitney, at least that is how the market reaction was today. Whitney cut estimates for years 2009 to 2011 at the best bank in America. Shares were actually up 1.2% at $40.76 late in the day as many feel she is late on this call.

Palm, Inc. (PALM) was the daily doozy on earnings. The shipments were up, while the sell-thru rates were not up anywhere as much. The sale agreement through Sprint is also not bringing in what is needed. Even that massive short interest failed to help it get a short squeeze. Shares were down 15% at $9.94 late in the trading day.

Nike, Inc. (NKE) was up almost 2% at $64.50 late in the day after the company's earnings. The company more importantly said it is sticking by Tiger Woods.

Fannie Mae (FNM) was up on thin volume today after it said that they would refrain from foreclosures during the holidays. Shares were up 1.8% at $1.11 late in the day.

Visa Inc. (V) was trading higher today, as it is the day that S&P 500 is including it in the index. Shares were up another 2.3% late in the day at $89.01, but keep in mind that Visa was at $81.34 a week ago right before the S%P 500 index changes were announced.

Research in Motion Limited (RIMM) was a huge winner as the company beat estimates on earnings, revenues, and phone sales. International markets helped. Shares were up over 10% at $70.45 late in the trading day.

Oracle Corporation (ORCL) was another earnings winner today. The company beat earnings and gave guidance for higher revenues, saying that enterprise orders are picking up and that it is taking market share in all regions. Shares were up at $24.23 late in the day for a gain of almost 6%. That is a high since 2001.