Videos - Sector Updates

  • 02:31 PM Consumer Sector Update: February 10th, 2011

    Consumer shares are lower as the bearish broader market weighs amid a mixed flow of corporate earnings reports. In mid-day news, DreamWorks Animation (DWA) announced today that it has signed an exclusive licensing relationship with Fisher-Price, a subsidiary of Mattel (MAT).Shares of DreamWorks...

  • 02:26 PM Technology Sector Update: February 10th, 2011

    Technology shares are mostly lower in mid-day trading as Cisco System (CSCO) earnings weigh the sector. The company reported late Wednesday Q2 sales of $10.4 bln, ahead of analysts' consensus for $10.23 bln on Thomson Reuters. EPS was $0.37, two cents better than the Street view. However, it...

  • 10:17 AM Healthcare Sector Update: February 10th, 2011

    Healthcare is lower this morning.

    Idenix Pharmaceuticals (IDIX) is leading the decline, plunging more than 27% before the market open. The company announced that the FDA informed the drug-maker that the full clinical hold for IDX184 has been removed. IDIX said it anticipates initiating a...

  • 10:06 AM Consumer Sector Update: February 10th, 2011

    Consumer shares are mixed, with two heavyweights showing mixed quarterly results.

    Whole Foods Market Inc. (WFMI) is trading higher than its 52-week high of $53.83 this morning. At last check, the upscale grocery store chain was up 8.65%.

    The company reported Q1 EPS of 51 cents a...

  • 10:01 AM Technology Sector Update: February 10th, 2011

    Technology shares are under sharp downside pressure this morning, with two industry leaders announcing bleak guidance.

    Cisco Systems (CSCO) is plunging more than 10% in pre-market trade, continuing its tumble from yesterday's after-hours trading. The company announced better-than-...

  • 02:51 PM Healthcare Sector Report: February 9th, 2011

    Health care shares are down in mid-day trading while Teva Pharmaceuticals (TEVA) reports positive results from a late-phase study of a rhinitis drug. Teva said results from a Phase III study of QNAZE HFA, its nasal aerosol corticosteroid in development to treat perennial allergic rhinitis (PAR)...

  • 02:46 PM Technology Sector Report: February 9th, 2011

    Technology shares are down in mid-session trading as the broader market takes a breather from previous gains and investors await results from Cisco Systems (CSCO) due after the bell. In mid-day news, EBay (EBAY) is down even as Bloomberg reports the online auction company is planning to lay out...

  • 02:46 PM Energy Sector Report: February 9th, 2011

    Energy shares are down in mid-day trading as crude oil futures give up early positive territory to trade below $87 a barrel. Light, sweet crude oil for March delivery traded down $0.19, or 0.18%, to $86.78 a barrel. In energy ETFs, the United States Oil Fund (USO) is down 0.6% to $36.42. The...

  • 02:31 PM Financial Sector Report - February 9th, 2011

    Financial shares are lower in mid-session trading as Visa (V) shares weigh on the sector on plans to buy PlaySpan, a privately held company whose payments platform handles transactions for digital goods in online games, digital media and social networks globally. Meanwhile, Goldman Sachs (GS)...

  • 12:25 PM Crude Oil Gains Moderating After Domestic Inventories Rise Less Than Expected

    "Crude oil for March delivery is closing in on $88 a barrel after getting some lift from the latest report on domestic oil stockpiles, which rose less than expected for the week ended Feb. 4.

    The Energy Information Administration reported a 1.9-million-barrel gain in crude inventories,...