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Telecom Stocks Boosted By Upbeat Qualcomm View
Posted on July 22nd, 2010 No commentsAfter showing a strong upward move at the open, telecommunications stocks are continuing to see notable strength in late morning trading on Thursday amid a broad-based rally. The sector is being helped higher by news from Qualcomm Inc. (QCOM), which unveiled third quarter earnings and guidance that were higher than Wall Street analysts had anticipated.
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Healthcare Provider Stocks Down After Quest Diagnostics Lowers Guidance
Posted on July 21st, 2010 No commentsHealthcare provider stocks are under pressure in late morning trading on Wednesday, with the weakness in the sector due in large part to disappointing full-year guidance offered by Quest Diagnostics (DGX).
The losses by healthcare provider stocks have resulted in a 2.5 percent pullback by the Morgan Stanley Healthcare Provider Index. With the loss, the index has fallen to its lowest intraday level in seven months.
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Semiconductor Stocks Sliding After Disappointing Results From Texas Instruments
Posted on July 20th, 2010 No commentsSemiconductor stocks are showing notable weakness in late morning trading on Tuesday after Texas Instruments’ (TXN) second quarter revenues came in lower than forecast, raising concerns about sector performance.
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Airline Stocks Sharply Lower After Delta’s Q2 Results
Posted on July 19th, 2010 No commentsAirline stocks are seeing considerable weakness in late morning trading on Monday, as a disappointing miss on the second quarter revenue by sector stalwart Delta Air Lines (DAL) is prompting significant downside.
The weakness in airline sector is reflected by the 4.5 percent loss currently being shown by the NYSE Arca Airline Index. With the loss, the index is falling back towards six-week closing low set earlier this month.
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Gold Stocks Plummeting Amid Widespread Selling
Posted on July 16th, 2010 No commentsGold stocks are moving notably lower in late-morning trading on Friday as part of a broad market sell-off, with the weakness in the gold sector coming amid a downturn by the price of the precious metal.
The selling among gold stocks is contributing to a 2.9 percent loss by the NYSE Arca Gold Bugs Index. The decline has the index on pace for a six-week closing low.
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Trucking Stocks Trading Lower After Landstar Q3 Forecast
Posted on July 15th, 2010 No commentsTrucking stocks are weighing on the broader market in late-morning trading on Thursday, as component Landstar System’s (LSTR) third quarter forecast did not satisfy the markets, although its second quarter results came in better than expected.
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Banking Stocks Remain Weak Even As Markets Turn Mostly Higher
Posted on July 14th, 2010 No commentsBanking stocks are seeing notable weakness in late-morning trading on Wednesday as traders remain jittery about forthcoming bank regulation reform. The downside in the sector remains even as most other sectors have shaken off a wobbly start and are moving higher.
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Housing Stocks Surging Amid Earnings-Based Rally On Wall Street
Posted on July 13th, 2010 No commentsHousing stocks are among the market’s best performers in late-morning trading on Tuesday, as traders are buying into the sector amid a broad-market rally helped by a strong start to the earnings season.
The strength in the housing sector is reflected by the 2.9 percent gain currently being shown by the Philadelphia Housing Sector Index. With the advance, the index is moving higher for a fifth straight session.
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Defense Stocks Sliding Amid Profit Taking
Posted on July 12th, 2010 No commentsDefense stocks are turning in some of the weakest performances in late-morning trading on Monday. Gencorp (GY) is one of the leading decliners in the sector, pulling back off of recent highs set following last week’s earnings report.
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Gold Stocks Seeing Strong Gains Amid Lackluster Trade In Equity Markets
Posted on July 9th, 2010 No commentsGold stocks are notably higher in late-morning trading on Friday amid a relatively lackluster outing in the broader markets. Buying interest in the sector can be largely attributed to a pickup in gold prices on the day.


