Equities Update: Mixed Data, Flat Markets

by: Midnight Trader

4:24 PM, Jan 6, 2010 --

  • NYSE up 22.77 (0.3%) to 7,377.67.
  • DJIA up 1.66 (0.02%) to 10,574.
  • S&P 500 up 0.6 (0.05%) to 1,137.
  • Nasdaq down 7 (0.3%) to 2,301.


  • Hang Seng up 0.62%
  • Nikkei up 0.46%
  • FTSE up 0.14%


(+) FDO beats with results, guides mostly above Street view.

(+) WOR tops earnings expectations.

(+) MMM added to Goldman's Conviction Buy list.

(+) ALNY gets milestone payment.

(+) CPHD gets FDA marketing approval for Xpert vanA Test.

(+) OGXI secures grant funding for study.

(+) ANGO continues upside evening action that followed earnings, guidance beat.

(+) CREE gets upgrade.

(+) MOS edges higher early though fell in evening trading; Q2 results below year-ago level.

(+) MON turned higher despite missing Q1 expectations.


(-) WAG declines after same-store sales results.

(-) SONC results down vs year-ago quarter.

(-) LPX downgraded.

(-) WY downgraded.

(-) LVLT prices senior notes.


The Nasdaq Composite slips late, ending down just more than 7 points or 0.3%. The DJIA closes up nearly 2 points or 0.02%. The S&P 500 finished up 0.6 point or 0.1%. Stocks have traded in choppy fashion over two sessions as Wall Street awaits Friday's jobs report.

Crude futures end at a 15-month high as cold weather drove up energy prices. Crude for February delivery ended up $1.41, or 1.7%, at $83.18 a barrel on the New York Mercantile Exchange. It had fallen to $80.85 a barrel.

Minutes from the Federal Reserve's latest meeting indicate members expect a slower recovery compared to past recoveries, and one less likely to stoke aggressive inflation. Wall Street read that as an indication the central bank can be slow and deliberate with removing accommodative borrowing conditions.

Earlier, the Institute for Supply Management said its services index rose to 50.1 in December from 48.7 in November. A reading above 50 signals growth.

That news was offset by a report that employers cut 84,000 private sector jobs last month. The ADP National Employment Report was mixed vs. various expectations.

As for individual movers, Family Dollar Stores (NYSE:FDO) gained after it reported Q1 EPS of $0.49 vs $0.42 a year earlier and topping the Thomson Reuters mean analyst estimate for $0.47. Sales rose 3.9% to $1.823 billion. The Street looked for $1.83 billion. Same-store sales were up 4%. For Q2, the company guides for EPS of $0.65 to $0.70. The Street is at $0.64. For the full year, the company expects EPS of $2.15 to $2.35. The Street is at $2.24.

Monsanto (NYSE:MON) turned higher after an initial decline after it reported Q1 sales of $1.69 bln, down from $2.64 bln in the year ago quarter and below the Street view of $1.97 bln. Loss was $0.02 per share, vs. a year ago profit of $0.98 per share. The Street view was $0.00 per share.

The company confirmed full-year 2010 ongoing earnings per share (NYSEARCA:EPS) guidance is in the range of $3.10 to $3.30. Full-year 2010 EPS guidance on an as-reported basis is in the range of $2.85 to $3.11. The Street view is $3.29 per share in earnings.

Taser (NASDAQ:TASR) extended its opening gains made after the company says it received three orders.

Post-bell earnings are due from Ruby Tuesday (NYSE:RT), Resources Connection (NASDAQ:RECN) and Bed Bath & Beyond (NASDAQ:BBBY).