Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (40853)	3/22/2004 8:29:45 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70330

4:19PM Correct: Limited Brands raises Q1 forecast (LTD) by Carolyn Pritchard SAN FRANCISCO (CBS.MW) -- Limited Brands (LTD) late Monday raised its first-quarter sales and earnings forecast, citing a stronger-than-expected performance at its Victoria's Secret division and, to a lesser extent, at its Bath & Body Works unit. The retailer said it sees a rise in same-store sales for the five-week period ending April 3 at low double digits, vs. a previous expectation of mid-single digit results. Limited Brands expects earnings of between 11 and 13 cents a share, up from its previous forecast of a per-share profit of 9 cents. Analysts polled by Thomson First Call are currently looking for earnings of 10 cents a share for the period. Limited Brands stock closed down 13 cents at $19.29 ahead of the announcement. It was halted at the closing bell. (Corrects company's previous forecast) 4:13PM PalmOne posts Q3 loss of $9.3 million (PLMO) by Rex Crum SAN FRANCISCO (CBS.MW) -- PalmOne (PLMO) on Monday reported a third-quarter net loss of $9.3 million, or 20 cents a share, on revenue of $243.5 million. Excluding one-time charges, the maker of Palm handheld personal digital assistants earned $600,000, or 1 cent a share, compared to a loss of $24.7 million, or 85 cents a share, in the year-ago period. 4:13PM Uncertainty abroad sinks energy stocks ($OSX, $XNG, $UTY, $OIX) by Lisa Sanders DALLAS (CBS.MW) -- World events rocked investor confidence and sent energy stocks down firmly at the close. The Philadelphia Oil Service Index ($OSX), which also saw pressure from falling crude futures prices, slid 1.7 percent to close at 103.73. The Amex Natural Gas Index ($XNG) fell 0.7 percent to close at 221.12, and the CBOE Oil Index ($OIX) gave back 1.2 percent to close at 328.45. 4:12PM Mining shares close lower despite gold's strength (FCX, $XAU, RTP) by Myra P. Saefong SAN FRANCISCO (CBS.MW) -- Metals mining shares closed mainly lower, despite a two-month closing high in gold futures prices. "Mining stock investors are reluctant to validate a move in gold that appears to be a reaction to short-term geopolitical events," said Brien Lundin, editor of Gold Newsletter. A 4.3 percent fall in shares of Freeport-McMoran Copper and Gold (FCX) led the Philadelphia Gold and Silver Index ($XAU) down by 0.7 percent to close at 100.69. Freeport agreed to a private placement of about $1 billion of convertible perpetual preferred stock. The proceeds will be used to buy 23.9 million of its own class B shares from Rio Tinto (RTP). 4:06PM Dow, Nasdaq close at three-month lows ($INDU, $SPX, $COMPQ) by Susan Lerner NEW YORK (CBS.MW) -- U.S. stocks closed at their lowest levels since mid-December as geopolitical worries rattled markets worldwide. The Dow Jones Industrial Average ($INDU) ended the day down 122 points, or 1.2 percent, at 10,064, while the Nasdaq Composite Index ($COMPQ) shed 30 points, or 1.6 percent, to 1,909. The S&P 500 ($SPX) fell 14 points, or 1.3 percent, to 1,095.