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Tuesday, February 07, 2006

A Slow Start

SlowGood morning. Premarket futures indicate a lower open as investors deal with a mixed batch of headlines.

While we have better-than-expected results from Disney (DIS) and Coca-Cola (KO) and news that General Motors (GM) will cut is dividend in half and reduce executive salaries, luxury home builder Toll Brothers (TOL) cut its forecast and Activision (ATIVI) disappoints. Overseas markets were also weak. Meanwhile crude is trading lower ahead of tomorrow's inventory report which is expected to show gains in crude and gasoline stocks.

All in all, we have a bit of something for everyone with futures indicating a slow start. I'm also not seeing much interest in premarket activity, with the exception of a few stocks like: PCNTF, RNDC, SIFY, ICCC, CTDC, MBAY, TXRH, SOHU, SATC, ISIS, & IGLD.

I'll be back in about an hour with some links to share. Have a very profitable day!

Posted by Kirk at 9:10 AM in Preview | Bookmark | Feeds | Link |


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