Monday, May 08, 2006

Monday's Pre-Market

The market looks like it will open flat to slightly lower today. The main story is the price of oil is dropping below $70 per barrel again. But this is still hard to predict. If we can maintain below this level, then it should be good for the market. Another major news is the FOMC meeting coming up. The prediction is another 0.25 point raise.
The M&A story is (WB) is buying (GDW). That may boost buying in the banking/financila sector sector.

Upgrades This Morning:
(POWI)
(CBK)
(GI)

Downgrades This Morning:
(IP)
(CPWM)
(DIOD)

Most Active Stocks:
(QQQQ), (MGRM), (ILE), (AAPL), (GLD), (GDW), (PRGX), (MSFT), (EMMS), (WB)

Stocks are Up:
(MGRM), (EMMS), (N), (PRGX), (FSH), (WPSC), (STKL), (GDW), (TMO), (SGG), (FAL)

Stocks are Down:
(PCLN), (GTE), (WB), (ERS), (CROX), (ILE), (NXG)

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