Stock Market Today – Wal-Mart (WMT) Southwest Airlines (LUV) Micron (MU) Applied Materials (AMAT) Report

Applied Materials Micron Technology

(Best Syndication News) Stock markets in Asia are opening higher on Wednesday after a mostly positive day on Wall Street Tuesday (see the stock charts below). The Hang Seng (Hong Kong), the Nikkei 225 (Japan), and the Shanghai (China) composite indexes were all higher.

Most of the optimism came from Europe. The EU, the European Central Bank (ECB), the International Monetary Fund (IMF), along with Greek lawmakers, hammered out an agreement to ensure the second round of bailouts. Greece will cut the yield return to private bond holders, the ECB will forgo profits on their Greek debt holdings, and the IMF will help shore-up EU banks.

Private investors in Europe didn’t like the reduction in the face value of their sovereign debt holdings; however the write-down could save the Greek government €110 billion. This was more than expected and this news began to work on the market, pushing share prices down. The CAC 40 (France), the DAX (Germany), and the FTSE 100 (England) indexes all began to pull back Tuesday (see the world market chart below). Early Wednesday, these indexes are continuing to fall.

The Dow, the NASDAQ and the S&P 500 marched upward when markets opened in the United States. At least there was an EU deal, and most of the problems were already built into the market. By the end of Tuesday’s session, the NASDAQ ended lower but the S&P and Dow were higher.

Widely-Held Stocks

Only 39 of the 90 stocks in our widely-held index were higher Tuesday (see the widely-held stock chart below). Wal-Mart Stores, Inc. (NYSE:WMT) was one of the big losers in the index. The share price fell nearly four percent during the session.

The world’s largest retailer missed their sales and profits estimates in the fourth quarter, despite a growth in same-store U.S. sales. In the after-hours WMT continued to slide, down another 12 cents to $59.95. There was a bid of $59.94 on 100 shares and an ask of $60 on 600 shares.

Southwest Airlines Co. (NYSE:LUV) was another widely-held loser. The share price of LUV slipped 3.5 percent Tuesday after sliding 1.67 percent on Friday. A rejection of their seniority plan by the mechanics union continued to put pressure on the stock.

LUV fell another two cents to $9.08 in the after-hours. All of the airline transport stocks were lower Tuesday, with the exception of China Eastern Airlines Corp. Ltd. (ADR) (NYSE:CEA). Some analysts see the LUV chart pattern as a rising wedge while others say the price is ready for a pullback.

Micron Technology, Inc. (NASDAQ:MU) slipped more than two percent Tuesday. A decision by the U.S. Supreme Court to not review a decision by an industry board concerning a decade-long patent royalty case put pressure on several chip makers.

MU began to rebound in the after-hours, up three cents to $8.24. There was a tight spread between the bid and ask price.

Applied Materials, Inc. (NASDAQ:AMAT) jumped two percent last week when they beat street expectations, but since then the semiconductor company has given away all of its gains. In the after-hours, AMAT fell another four cents to $12.67.

The S&P info tech sector as a whole gained 0.42 percent Tuesday. Half of the sectors declined, including consumer discretionary, consumer staples, health care, financials, and utilities.

Boston Scientific Corporation (NYSE:BSX), a health care sector constituent, fell nearly two percent on Tuesday. Since the session close, BSX added two cents to $6.00.

The NASDAQ, in their neutral rating report for competitor Medtronic, Inc. (NYSE:MDT), said BSX is facing “economic uncertainty.” Last week, Moody’s upgraded BSX on their cost cutting measures.

By: Dan Wilson

World Market Chart:

Tuesday World Stock Indexes 1 Day 1 Day 1 Week 30-Day 100-Day
2/21/2012 N. & S. AMERICA Pt Change Change Change Change Change
12,965.69 Dow Jones Industrial 15.82 0.12% 0.68% 4.15% 18.52%
1,362.21 S&P 500 0.98 0.07% 0.87% 5.40% 19.07%
2,948.57 NASDAQ Composite -3.21 -0.11% 0.57% 8.77% 19.84%
12,613.26 S&P TSX Canada 154.96 1.24% 2.09% 2.87% 10.09%
66,203.50 Brazil Bovespa Stock 0.00 0.00% 1.79% 10.41% 29.78%
37,859.48 IPC MXX - Mexico -437.20 -1.14% 0.07% 1.48% 14.72%
823.22 Russell 2000 Sm-Cap -5.46 -0.66% 0.31% 7.30% 25.09%
809.73 Russell 3000 98% Mkt -0.32 -0.04% 0.81% 5.89% 20.17%
EUROPE
5,928.20 FTSE 100 England -17.05 -0.29% 0.48% 4.54% 16.19%
3,465.24 CAC 40 France -7.30 -0.21% 2.65% 8.13% 16.52%
6,908.18 DAX Germany -40.07 -0.58% 2.68% 12.29% 26.22%
797.13 Athens Greece Comp. -28.62 -3.47% -2.56% 26.71% 8.38%
6,237.82 SSMI - Swiss Market -5.17 -0.08% 1.20% 3.82% 13.31%
882.55 SMSI - Madrid Spain -4.49 -0.51% -0.31% 4.66% 3.19%
17,711.54 FTSE Italia All (Italy) -3.51 -0.02% 1.53% 12.83% 4.95%
ASIA & PACIFIC
2,381.55 Shanghai China 18.53 0.78% 1.54% 4.60% 0.94%
9,463.02 Nikkei 225 Japan -22.07 -0.23% 4.54% 12.02% 12.88%
21,478.72 Hang Seng Hong Kong 53.93 0.25% 2.68% 12.15% 32.17%
7,921.50 TSEC Taiwan Exchange -33.32 -0.42% 0.47% 10.20% 13.34%
4,291.20 S&P ASX 200 Australia 35.00 0.82% 1.18% 2.48% 9.29%
18,428.61 BSE Sensex Bombay 139.26 0.76% 3.25% 13.93% 16.69%
5,607.15 CNX NIFTY NSE India 42.85 0.77% 3.53% 15.35% 18.01%
2,024.24 Korea Com KOSPI -0.66 -0.03% 1.08% 9.68% 21.47%
3025.07 STI Singapore 3.88 0.13% 1.26% 10.12% 19.63%

Widely-Held Stock Chart:

Tuesday Widely Held
Stocks
One Day One Day Five Day 30-Day 100-Day
2/21/2012 Company Change % Change % Change % Change % Change
0.308 Federal National... -0.07 -18.95% -6.38% 38.12% 27.80% 1
15.36 Weatherford Intl. Ltd. -2.43 -13.66% -13.90% -1.29% 20.94% 2
44.69 Gilead Sciences, Inc. -2.31 -4.91% -18.60% 4.59% 14.06% 3
60.07 Wal-Mart Stores, Inc. -2.41 -3.86% -2.78% 1.50% 17.07% 4
9.1 Southwest Airlines Co. -0.33 -3.50% -6.38% 5.94% 6.68% 5
8.21 Micron Technology, Inc. -0.22 -2.61% 4.59% 12.62% 34.37% 6
32.32 Bristol Myers Squibb Co. -0.80 -2.42% 1.03% -4.69% 4.80% 7
38.99 Medtronic, Inc. -0.95 -2.38% -3.68% -0.79% 15.56% 8
12.71 Applied Materials, Inc. -0.28 -2.16% -1.70% 12.08% 19.91% 9
5.98 Boston Scientific Corp. -0.11 -1.81% 0.67% 11.78% -1.81% 10
               
               
30.34 AT&T Inc. 0.33 1.10% 1.00% 2.29% 6.27% 80
86.57 Exxon Mobil Corp 0.95 1.11% 2.55% 1.25% 20.12% 81
8.11 Bank of America Corp 0.09 1.12% -1.70% 29.35% 31.66% 82
55.32 UnitedHealth Group Inc. 0.64 1.17% 2.73% 4.93% 16.12% 83
33.36 Citigroup Inc. 0.44 1.34% 1.46% 14.72% 28.70% 84
38.57 Kraft Foods Inc. 0.56 1.47% 0.44% 2.25% 12.68% 85
108.41 Chevron Corporation 1.75 1.64% 1.91% -0.99% 18.17% 86
37.03 Halliburton Company 0.74 2.04% 2.46% 4.66% 14.04% 87
34.56 Marathon Oil Corp 0.79 2.34% 3.97% 12.79% 56.03% 88
514.85 Apple Inc. 12.73 2.54% 2.44% 22.08% 29.68% 89
10.41 Alcoa Inc. 0.26 2.56% 0.77% 10.39% 4.41% 90

Sector Chart:

Tuesday S&P Sector Name (10) One-Day One-Week 30-Day 100-Day 100-Day
2/21/2012 % Change % Change % Change % Change High
559.62 Energy 0.83% 2.23% 5.18% 24.58% 559.62
237.64 Materials 0.55% 1.14% 7.87% 24.04% 239.7
321.99 Industrials 0.30% -0.09% 6.69% 25.03% 322.29
338.62 Consumer Discretionary -0.31% 0.47% 6.99% 18.39% 339.68
337.73 Consumer Staples -0.43% 0.38% 1.53% 9.90% 339.2
415.71 Health Care -0.65% -0.28% 2.06% 12.45% 420.01
198.78 Financials -0.12% 0.46% 9.53% 24.00% 199.01
467.93 Info Tech 0.42% 1.51% 11.57% 19.73% 467.93
128.87 Telecom Svc 0.57% 1.25% 2.10% 5.33% 129.91
176.67 Utilities -0.25% 0.32% -1.00% 3.87% 184.18
Tuesday Dow Sectors (10) One-Day One-Week 30-Day 100-Day 100-Day
2/21/2012 % Change % Change % Change % Change High
3193.93 Basic Materials 0.52% 0.65% 9.20% 24.47% 3244.85
3506.6 Consumer Goods -0.30% 0.72% 4.12% 13.20% 3517.29
3802.04 Consumer Services -0.61% 0.31% 6.76% 17.08% 3825.49
3071.69 Financials -0.22% 0.31% 8.81% 23.51% 3078.41
3527.69 Health Care -0.75% -0.46% 3.40% 14.41% 3572.04
3371.6 Industrials 0.15% 0.06% 8.00% 26.54% 3371.6
6161.03 Oil & Gas 0.69% 2.38% 5.86% 25.95% 6161.03
7131.72 Technology 0.31% 1.34% 12.01% 20.66% 7131.72
1106.06 Telecommunications 0.48% 1.26% 3.55% 6.69% 1106.06
1839.22 Utilities -0.18% 0.30% -0.52% 5.29% 1907.11

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