Tuesday, February 19, 2008

Walmart news send stocks higher

Walmart (WMT) earnings along with higher overseas stock markets sent stocks higher. Dow is up 85, advancers over decliners 2-1 & NAZ is up 12. Walmart's story is similar to that others, intl sales up 19% (it now accounts for about a quarter of company's sales) while domestic sales were up only 5%. They are proud of topping $100B in sales. The last time I looked, the stock was up only 0.33.

Meanwhile oil is back above 98, always plenty to worry about oil supplies. Gold is near 930 (those buyers are not buying stocks). Google (GOOG), down 14, issued a warning about revenues, business isn't as rosy as it once was. They will audit their blogging clients to phase out those who aren't doing well. The near term affect could negatively affect their revenues.

Let's see what PM trading brings.

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