Na een forse daling gedurende het verloop van de sessie kwam er na 20:00 een zeer sterke rally op gang die de Dow Jones en de S&P 500 in de plus bracht. De Nasdaq liet ook een sterke rebound zien maar de index bleef nog net in het rood. Is dit het begin van de rit richting de 10.325 pnt voor de Dow Jones?
Donderdag 13 mei:
Vandaag krijgen we in de retailsector cijfers van Target (TGT), Kohl`s (KSS) en Wal-Mart (WMT). De economische data krijgen we in de vorm van de wekelijkse initial claims, April Retail Sales en de PPI over de maand april. De laatste kan belangrijk worden om te zien wat de inflatie doet.
- 17:55 ET Wednesday After Hours : prices levels vs. 4 pm ET: Today's late day rally makes its way into the extended session, where the S&P futures, at 1099, are 3 points above fair value, and the Nasdaq 100 futures, at 1421, are 4 points above fair value. Tonight's earnings pronouncements have been encouraging, but it's more probable to say today's sudden recovery effort has prompted more short-covering.
- Aeroflex (ARXX) (+2%) : Small-cap semiconductor company for the aerospace and defense industries matches the Q3 (Mar) Reuters Research consensus EPS estimate of $0.11 and issues better than expected Q4 (June) revenue guidance; Sales should increase 10% sequentially, to approximately $128.5 mln (consensus of $122.7 mln); Competitors of ARXX include A, HON, and TXN
- Ann Taylor (ANN) (unch) : Specialty women's retailer reports a 74% surge in Q1 (Apr) EPS to $0.65 (consensus of $0.65) and a 23% increase in sales to $433.2 mln (consensus of $426.8 mln); Management reaffirms Q2 (July) EPS of $0.58-0.60 versus the market's expectation of $0.59; Stock doesn't get much of a boost as the company raised its Q1 outlook on 2 separate occasions earlier
- Mama.com (MAMA) +18%: Online direct marketing
services company delivers Q1 (Mar) EPS of $0.04 on revenues of $4.2 mln; Although there are no consensus estimates for Mamma.com, the figures represent year/year growth of 100% and 135%, respectively; Briefing.com has been profiling MAMA on its In-Play, a Platinum product page, and the stock has soared over 160% - Mercury Interactive (MERQ) (unch) : Provider of software to the business technology optimization (BTO) marketplace announces it plans to acquire privately-held Appilog for $49 mln in cash; Mercury said it is not changing estimates for the current quarter as Appilog, which does not yet have revenue, will not impact the top-line immediately; Management said it was purchasing Appilog for its technology
- Walt Disney (DIS) +2% : Dow component shows considerable upside to net income and revenues in its Q2 (Mar) report; Growth in the company's cable and theme-parks businesses made up for a weaker performance at its movie studio; Management noted it sees FY04 (Sept) EPS growth of 50% over FY03's result, which is in line with the Street's forecast; News comes as talks to renew Bob and Harvey Weinstein's, founders of Miramax, contract hit a snag; The current contract runs out in 2005.T>
Guy Boscart,