Pages

Tuesday, October 12, 2010

U.S. Stocks Stay Mixed Ahead Of Fed Minutes

The shares were mixed ahead again at 2:00 p.m. EDT release of the minutes of the Fed meeting on Sept. 21. Investors will be looking for clues that point to a further stimulus.

Thank you to the earnings of Amazon.com (AMZN), Apple (AAPL) and Google (GOOG), the Nasdaq rose 0.2%. The Dow and the Nasdaq lost 0.4% each, while the S & P 500 fell 0.2%. Volume was tracking sharply higher on Nasdaq and the lowest in the New York Stock Exchange.

Amtech Systems (ASYS) reversed losses in the morning and rallied nearly 5% in the rapid exchange. Although earlier this week, citing low population could constitute a ground for three weeks tight. Amtech manufactures equipment for the industries of solar energy and semiconductors. The company lost 18 cents per share last year, but analysts believe that the taking of 81 cents this year.

Ulta Salon, Cosmetics and Fragrance (ULTA) also recovered from early weakness and rose 3% to a maximum of two years. This puts the population of 16% beyond a point of 25.99 buy from a double bottom base. Proceeds from the retailer of beauty supplies rose by three digits in the last two quarters.



Fastenal (FAST) gap down and fell 4% despite reporting results Q3 above views. Before opening, the store operator has issued the construction of a 59% jump in turnover and 23% gain in sales. The shares fell 6% down session. The base population is skewed in a bottom double.

MercadoLibre (MELI) gap down and fell to 7% in heavy trade. But the population has reduced its losses to 2%. Stock Accumulation / Distribution Rating has fallen to C from A in late August.

Elsewhere, gold fell $ 6.50 to $ 1,347.80 after rising dollar.

0 comments:

Post a Comment