Friday, April 29, 2011

Dow, SPX, IWM at new 52 week highs

While the U.S. indexes marched higher, earnings reports from Nasdaq companies were sold off as an unexpectedly lower 1.8% increase in GDP Growth for the 1st Quarter was well below economists estimates.

In yesterday's earnings, software company CTXS rose 7.67 to 85.31 positive guidance.

On the bright news:

CRR rose 21.29 to 162.52 on explosive earnings in the energy sector.

PCLN touched another new high up 10.10 to 549.55.

PSA led the reits up 2.08 to 118.66.

On the negative side:

Despite an 88% increase in profits, BIDU dropped 3.72 to 147.39 after initially rising 5 to 156 in the opening 3 minutes.

Afterhours, Chemicals component EMN was up 7.57 to 110.50.

Retailer DECK was taken to the woodshed down 9.71 to 87.01.

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