Option Investor
Market Updates

Morning Affirmations

Printer friendly version

General Electric (NYSE:GE) said this morning that it was on track to meet its financial targets for fiscal 2001. The company said it would see double digit earnings growth for next year.

Battled optical equipment maker JDS Uniphase (NASDAQ:JDSU) reaffirmed its revenue guidance for its fiscal second quarter. The company said it expects higher sales in its March quarter.

Haliburton (NYSE:HAL) reported that it had "substantial insurance" to cover asbestos litigation. The stock was whacked late last week as a it lost an important case. Though last week's loss was only $30 million, which is a small amount for a company as large as HAL, it was a great cause for concern among investors. Shares shed more than 40 percent on the news last week, but are slightly higher in morning trade.

Bonds are higher in early trading. The benchmark 10-year Note YIELD (TNX) was lower by 0.89 percent to 5.10. Equity futures were lower with Nasdaq-100 (ND01Z) lower by about 15, Dow (DJ01Z) down by about 50 points, and S&P (SP01Z) lower by about 7.

Eric Utleyy
Option Investor

Intraday Update Archives