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Today was one of those Fridays that felt bad most of the trading day. It was an options expiration date today, and there was no domestic economic news to drive the markets. PC earnings failed to ignite interest and sellers had most of a quiet Friday in August to themselves. Here were today's unofficial closing bell levels:
DJIA
S&P500
NASDAQ
Top Analyst Calls
Major Stocks on 52-Week Lows
Potash Corp./Saskatchewan (POT) may have been searching for a higher bid but shares were not responding on Friday. The stock was firm but still down 0.1% at $148.65 in late afternoon trading before the closing bell.
Fossil, Inc. (FOSL) was lower despite a Jim Cramer tout last night as a way to play cheap accessories on CNBC's MAD MONEY. Shares were down 0.4% at $43.97 in afternoon trading ahead of the close.
Yahoo! Inc. (YHOO) was given an underperform rating at Wedbush Morgan and shares were down as a result. The former leader in search was down 0.6% at $13.77 in afternoon trading ahead of the closing bell.
Research in Motion Limited (RIMM) was a loser today after Morgan Stanley decided to issue a very late downgrade on the stock. Shares were down over 4% at $48.30 in afternoon trade ahead of the closing bell.
Corinthian Colleges Inc. (COCO) was pounded after earnings guidance and issues are still present for it in the for-profit education sector. It also canceled its investor day presentation coming up. Shares were down 16% at $4.52 in afternoon trading ahead of the closing bell.
Rambus Inc. (RMBS) was a winner today after accelerating $90 million on deposit with its advisor to more rapidly buy down its share float. There's some 10 million shares available to be acquired. Shares were up nearly 4% at $19.47 in afternoon trading ahead of the close.
Ambac Financial (ABK) was down 7% at $0.49 late in the day ahead of the closing bell after morning fears of bankruptcy coming soon, but the stock did actually manage to rise considerably off of new 52-week lows seen early in the morning.
Marvell Tech (MRVL) was a tech earnings winner, which was different than the rest of the pack in chip-land. Shares were up almost 10% at $16.38 in afternoon trading ahead of the close.
Salesforce.com (CRM) was another earnings winner. Shares were up over 14% at $110.00 today after hitting new 52-week highs in afternoon trading ahead of the close.
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Reader Comments (Page 1 of 1)
8-27-2010 @ 11:23AM
BJ said...
Greece isn't the only one with a post office for sale. The post office in Moline, IL is up for sale by the federal government along with a number of others across the country. The U. S. is in trouble and all of you sit there and act like post offices have been for sale forever, that we have lost trillions of dollars in less than two years every Congressional Session and that our kids annually do worse in school while our teachers get shorter hours, higher pay and more goodies. Your denial of the truth on education, the budget, and the sale of federal holdings along with an open border highway to citizenship without responsibility are only scratching the surface of our problems and the inaccuracy of TV news coverage. And for all of you who think teachers have it so rough, I would like a job where I only have to be on duty 4 (or less) hours a day, get an annual salary and work less than 40 weeks in a room totally furnished for you, with all materials furnished and the ability to tell every one of your customers (students) they have to supply you with a $6 set of dry markers twice a year, 4 boxes of tissue for your desk, a dozen #2 premium pencils and anything else they think they might need. They have 12 weeks of vacation, a retirement unlike any other profession, free health care FOR LIFE and on and on. Maybe it is time we looked at teachers for what they are, people, some are good and some are bad, but they are NOT undercompensated. Our government is not a fiscally responsible and our TV news people are not without prejudice or even in many cases honest.
8-22-2010 @ 1:41AM
Kathy said...
Gloom and doom, always gloom and doom. You know, I miss how a newscast or the paper would just say the market was up or the market was down, and nobody cared because they weren't playing the market. How it went from that to all this constant hype from Chicken Little I don't know. We'd certainly be better off without it.