S&P 500 1,459.68 +.28%
DJIA 12,786.64 +.15%
NASDAQ 2,513.04 +.67%
Russell 2000 826.12 +.97%
Wilshire 5000 14,734.23 +.39%
Russell 1000 Growth 576.95 +.49%
Russell 1000 Value 841.75 +.21%
Morgan Stanley Consumer 719.01 +.61%
Morgan Stanley Cyclical 971.44 +.31%
Morgan Stanley Technology 588.16 +.38%
Transports 5,145.81 +.78%
Utilities 477.26 +.49%
MSCI Emerging Markets 118.02 +.25%
Sentiment/Internals
Total Put/Call .95 +25.0%
NYSE Arms 1.04 +4.89%
Volatility(VIX) 10.24 +2.20%
ISE Sentiment 127.0 -18.6%
Futures Spot Prices
Crude Oil 58.07 -2.22%
Reformulated Gasoline 164.30 -.14%
Natural Gas 7.63 +1.69%
Heating Oil 164.40 -1.76%
Gold 662.10 -1.59%
Base Metals 230.20%
Copper 260.25 -2.07%
Economy
10-year US Treasury Yield 4.68% -1 basis point
US Dollar 84.18 +.19%
CRB Index 303.46 -1.03%
Leading Sectors
Gaming +1.12%
Software +1.11%
Retail +1.06%
Lagging Sectors
Energy -.75%
Oil Service -.98%
Gold & Silver -1.77%
Evening Review
Detailed Market Summary
Market Gauges
Daily ETF Performance
Style Performance
Market Wrap CNBC Video(bottom right)
S&P 500 Gallery View
Economic Calendar
Timely Economic Charts
GuruFocus.com
PM Market Call
After-hours Movers
Real-time/After-hours Stock Quote
In Play
Afternoon Recommendations
UBS:
- Rated (GILD), (CELG) Buy. (GILD) top pick.
Afternoon/Evening Headlines
Bloomberg:
- Crude oil fell $1.32/bbl. today on forecasts for milder weather and comments from Russia that oil prices would fall this year and next year.
- Consol Energy(CNX), the second-biggest US coal producer, said it formed an alliance with coal processor Headwaters(HW) to develop refineries that will make liquid fuel from Consol’s reserves.
- BlackRock Inc.(BLK) reported a 7.1% stake in FuelCell Energy(FCEL), a maker of industrial power plants that generate electricity by converting hydrogen and oxygen into water.
- Frank McGhee, head metals trader at Integrated Brokerage Services LLC in Chicago, says he sees a technical failure in the price of gold.
- Hewlett-Packard(HPQ) said first-quarter profit rose 26% after the company won consumer sales away from Dell Inc.(DELL). (HPQ) is falling .26 after-hours.
- Sam Zell, the Chicago billionaire who sold Equity Office Properties Trust for $39 billion in the biggest leveraged buyout ever, said office rents will continue to rise and he didn’t sell at the top of the market. “The office market at least for the next 24 months looks extremely strong and extremely good,” Zell said.
- Copper prices in NY fell the most in two weeks on renewed speculation that global mine output will exceed demand for the metal.
- Crocs Inc.(CROX) said fourth-quarter earnings jumped almost 500% as demand for the company colorful line of casual shoes pushed sales to a record. (CROX) rose .50 after-hours.
AP:
- OJ Simpson will have to pay royalties and other earnings from his past projects to the family of Ron Goldman following a judge’s ruling.
- The last floats of the 2007 Mardi Gras season rolled through New Orleans today as officials and businesses said attendance was likely to exceed last year.
Interfax:
- OAO VSMPO-Avisma, the world’s largest producer of titanium, increased production 15% to 23,900 tons last year.
BOTTOM LINE: The Portfolio finished higher today on gains in my Retail longs, Telecom longs, Computer longs, Biotech longs and Commodity shorts. I did not trade in the final hour, thus leaving the Portfolio 100% net long. The tone of the market was positive today as the advance/decline line finished higher, almost every sector gained and volume was heavy. Measures of investor anxiety were higher into the close. Today's overall market action was bullish as the major averages and breadth finished at session highs. Small caps led the way once again. The Russell 2000 is already 4.8% higher year-to-date with the Naz a close second, up 4.0%. Most commodities were under pressure throughout the day and the 10-year yield is finishing near session lows, dropping another basis point to 4.68%. "Growth" stock outperformance over "value" has recently picked up steam. My intraday gauge of investor angst was at above-average levels throughout the day, notwithstanding the rally from morning lows. I expect stocks to build on today's gains later this week.
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