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Today might have started out as a buying binge by bargain hunters, but the existing home sales drop was large enough and the NABE call of a slow return to employment growth offered no significant promise of a significant economic improvement over what we have already witnessed. The Bernanke confirmation outcome is less uncertain than it seemed on Friday, although this too was a continued thought in the back of the minds of even those who bought up shares higher today. Here are today's unofficial closing bell levels:Dow 10,201.85 +28.87 (0.28%)
S&P 500 1,096.75 +4.99 (0.46%)
Nasdaq 2,210.80 +5.51 (0.25%)
Top Analyst Upgrades/Downgrades
Top Day Trader Alerts
Ciena Corporation (CIEN) was up another 5% at $12.95 late in the day, this time on an analyst initiation rather than an upgrade as seen last week.
Keryx Biopharmaceuticals (KERX) was up over 8% at $2.96 on more than 3-times normal trading volume after positive news on colorectal cancer.
General Electric Company (GE) was up almost 2% at $16.41 late in the trading day on news that Goldman Sachs raised its 2010 to 2011 earnings estimates and raised its target to $21 from $20 this morning.
Ford Motor Company (F) was one of the winners today after GM named Whitacre as the full-time CEO rather than interim CEO. That may sound counterintuitive, but Ford is not under the bailout magnifying glass. The company also announced it was hiring for a South-Chicago plant Shares were up about 2.5% at $10.78 today.
Poniard Pharma (PARD) was down sharply after an analyst downgrade, and this is despite it meeting some Phase II study goals in its colorectal studies. This was effectively on of the biggest losers as the stock was down 26% at $1.92 late in the trading day.
Fannie Mae (FNM) was trading lower by almost 7% at $0.92 late in the trading day on more worries that Barney Frank and Congress really may take the GSE down along with Freddie Mac.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
Reader Comments (Page 1 of 1)
1-26-2010 @ 3:42PM
jclydemyres said...
I do believe our market's would be more stable if we were to rid ourselves from a tribe of Turks who came over out of eastern Europe. All world bankers who call themselves Neocon's. I understand they converted to Judasim a couple of centuries ago. Stalling purged them from Russia in 1939 I understand they took over rhe Israeli Gov. in 1948. The last few years have gotten themselves appointed to top offices in the USA I understand they ran Germany and Russia as communist Marxist and Fascist. Get these people to hell out of our banking and Gov. business. Let free enterprize work. Jacob C. Myres