Closing Bell: Bulls Start the Week Off (CBOE, BP, LCC, FDX, VZ, IBM, GENZ)


Stocks were set to close almost at the highs of the trading day based upon a continued hope of solid earnings and a mixed housing market picture. Expected news also drove anticipations for the week.

Here were today's unofficial closing bell levels:

Dow Jones 10,525.43 +100.81 (0.97%)
S&P 500 1,115.01 +12.35 (1.12%)
Nasdaq 2,296.43 +26.96 (1.19%)

Top Analyst Calls

CBOE Holdings (CBOE), the parent of the CBOE and the recent IPO, saw some dismal analyst coverage as its quiet period ended. This was already a busted IPO and shares were down 2.7% at $26.41 right before the close.

BP plc (BP) has earnings due Tuesday morning and is expected to announce that Tony Haywayd is out as CEO. Shares were up almost 5% at $38.67 right before the close on anticipation of this news.

US Airways Group, Inc. (LCC) was up strong in the airline sector and saw a further continuation trade in options with the hope of more upside. Shares were up over 5% at $10.88 right before the close.

FedEx Corporation (FDX) was the big winner today after it raised guidance far better than what some were expecting. Shares were up 5.45% at $83.26 right before the closing bell.

Verizon Communications (VZ) was up almost 1% at $28.29 right before the close despite word that it was responsible for many voice and data outages in select areas inside the New York area.

International Business Machines Corp. (IBM) also managed to hold its own despite an E.U. antitrust issue. Shares were down only $0.01 at $128.37 right before the closing bell.

Genzyme (GENZ) was up another 7.7% at $67.83 right before the close as traders and investors tried to handicap what a buyout price might be. $70 looked to be it based on options, but that is only one tool.
Symbol Lookup
IndexesChangePrice
DJIA-111.8612,778.60
NASDAQ-17.672,909.56
S&P 500-9.591,342.36

Last updated: February 10, 2012: 01:25 PM

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