Stock Market Today – Micron (MU) Alcoa (AA) Sprint (S) and LSI Corp (LSI) Report

LSI MU Logos graphics

(Best Syndication News) Stock markets are lower again in Asia early Tuesday after a weak day in Europe and America on Monday (see stock chart below). Most of the concern came from Asia.

The Chinese government lowered their target for economic growth in 2012. Chinese Premier Wen Jiabao said China is expected to grow at a 7.5 percent rate, not the 8.0 percent rate which has been the target in recent years. The good news is that some economists see the new target as more sustainable.

The Shanghai (China) composite index is down 1.13 percent early Tuesday, while the Nikkei 225 (Japan) and the Hang Seng (Hong Kong) indexes are down 0.62 percent and 1.51 percent respectively.

Widely Held Stock Index

Only 27 of the 90 stocks in our widely-held stock index were higher on Monday (see the widely-held index chart below). Micron Technology, Inc. (NASDAQ:MU) was the big loser in the index, down five percent during the session. The volume of trading was average.

The MU share price has had a 100-day run-up of 58 percent, but is down four percent over the last five days. Some investors may be cashing out to take their profits. In the after-hours, MU was up five cents to $8.20. There was a bid of $4.30 on 200 shares and an ask of $9.49 on 100 shares.

Unlike MU, the share price of Alcoa Inc. (NYSE:AA) has fallen sharply over the last 100-days. AA is one of only ten widely-held stocks lower over that period. Aluminum prices on the London Metal Exchange (LME) have advanced 5.93 percent over the last 100 days (3-month buyers), but possible waning demand put downward pressure on the stock.

Sprint Nextel Corporation (NYSE:S) was down nearly three percent in one day. Negative press over the weekend concerning the premiums paid to Apple Inc. (NASDAQ:AAPL) provided some extra impetus to flee the communications company.

AAPL declined more than two percent in Monday’s trading. Over the last 30-days Sprint is up eight percent. Investors are also concerned about the board’s decision to cancel a secret deal to buy MetroPCS.

LSI Corporation (NYSE:LSI) fell nearly three percent Monday. There are some legal concerns about complaints by Rambus that LSI has been using several of their patents illegally. The volume of LSI trading was below average.

By: Tom Madison
Business Reporter

Widely-Held Index Chart:

Monday Widely Held
Stocks
One Day One Day Five Day 30-Day 100-Day
3/5/2012 Company Change % Change % Change % Change % Change
8.2 Micron Technology, Inc. -0.45 -5.20% -4.21% 4.33% 57.69% 1
16.42 Weatherford Intl. Ltd. -0.78 -4.53% 0.31% 0.00% 18.56% 2
0.305 Federal National... -0.01 -4.39% -0.97% 30.34% 29.79% 3
9.87 Alcoa Inc. -0.37 -3.61% -4.36% -3.71% -4.17% 4
18.29 Morgan Stanley -0.58 -3.07% -2.45% 0.44% 18.84% 5
2.43 Sprint Nextel Corp -0.07 -2.80% -4.71% 8.00% 2.10% 6
8.1 LSI Corporation -0.23 -2.76% -3.69% 15.71% 42.61% 7
35.07 Halliburton Company -0.98 -2.72% -7.10% -1.04% -1.16% 8
21.24 Sara Lee Corp. -0.59 -2.70% 5.10% 10.68% 22.85% 9
5.84 Boston Scientific Corp. -0.16 -2.67% -7.01% -2.18% 3.73% 10
               
               
42.7 The Walt Disney Co 0.34 0.80% 2.55% 8.79% 30.94% 80
8.34 Xerox Corporation 0.07 0.85% -0.36% -4.47% 12.25% 81
39 Verizon Communications 0.33 0.85% 2.28% 1.56% 6.85% 82
200.66 Intl. Business Machines. 1.85 0.93% 1.58% 5.62% 8.46% 83
30.24 Oracle Corporation 0.28 0.93% 3.35% 6.52% -2.23% 84
30.26 Altria Group, Inc. 0.30 1.00% 0.77% 5.77% 8.85% 85
32.92 Bristol Myers Squibb Co. 0.33 1.01% 0.83% 1.39% -0.12% 86
85.42 Philip Morris Intl. Inc. 0.87 1.03% 2.79% 14.11% 30.81% 87
38.45 Merck & Co., Inc. 0.52 1.37% 0.79% -0.83% 20.42% 88
33.3 Walgreen Company 0.61 1.87% -0.72% -1.65% -1.45% 89
30.39 American Intl. Group... 0.59 1.98% 6.04% 19.46% 35.85% 90

World Market Chart:

Monday World Stock Indexes 1 Day 1 Day 1 Week 30-Day 100-Day
3/5/2012 N. & S. AMERICA Pt Change % Change % Change % Change % Change
12,962.81 Dow Jones Industrial -14.76 -0.11% -0.14% 2.26% 11.97%
1,364.33 S&P 500 -5.30 -0.39% -0.24% 3.78% 11.34%
2,950.48 NASDAQ Composite -25.71 -0.86% -0.53% 5.88% 11.03%
12,523.95 S&P TSX Canada -119.87 -0.95% -1.39% 1.04% 3.91%
66,964.03 Brazil Bovespa Stock -817.57 -1.21% 2.64% 7.17% 21.68%
38,155.27 IPC MXX - Mexico -172.16 -0.45% 0.98% 3.53% 8.98%
2,690.58 MerVal Buenos Aires -66.72 -2.42% -2.61% -7.17% -1.54%
803.65 Russell 2000 Sm-Cap 1.23 0.15% -2.78% 1.95% 13.30%
808.73 Russell 3000 98% Mkt -3.06 -0.38% -0.54% 3.79% 11.90%
EUROPE
5,874.82 FTSE 100 England -36.31 -0.61% -0.69% 2.14% 8.58%
3,487.54 CAC 40 France -13.63 -0.39% 1.34% 4.96% 11.03%
6,866.46 DAX Germany -54.91 -0.79% 0.25% 6.97% 16.83%
734.70 Athens Greece Comp. -14.62 -1.95% -2.00% 4.44% -0.46%
851.87 IGBM Madrid Spain -10.52 -1.22% -0.83% -1.09% -3.90%
6,153.91 SSMI - Swiss Market 4.54 0.07% 0.16% 0.31% 8.30%
17,764.99 FTSE Italia All (Italy) -111.17 -0.62% 2.47% 5.31% 5.27%
ASIA & PACIFIC
2,445.90 Shanghai China -14.04 -0.57% -0.04% 5.44% 2.64%
9,698.59 Nikkei 225 Japan -78.44 -0.80% 0.67% 10.40% 10.94%
21,265.31 Hang Seng Hong Kong -296.95 -1.38% 0.22% 5.74% 17.64%
8,004.74 TSEC Taiwan Exchange -109.70 -1.35% 0.57% 10.66% 8.77%
4,240.40 S&P ASX 200 Australia -32.70 -0.77% -0.63% 0.38% 1.28%
17,362.87 BSE Sensex Bombay -274.12 -1.55% -0.48% 2.16% 3.67%
5,280.35 CNX NIFTY NSE India -79.05 -1.47% -0.02% 2.98% 4.82%
2,016.06 Korea Com KOSPI -18.57 -0.91% 1.25% 3.39% 9.63%
2991.8 STI Singapore -1.69 -0.06% 1.53% 5.00% 9.80%

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