Thursday, December 14, 2006

12/14/2006 Morning Market Comment

Stock futures are pointing to a mixed open, but strong results from Bear Stearns are pushing the stock higher by about 1% and Ciena (CIEN) is rallying by more than 7% on better than expected earnings. Good news on the labor front: Jobless claims down by 20k.

Amtech this morning is going very bullish on Research in Motion ahead of next Thursday's results and is advising clients to be "aggressive buyers". They've lifted their price target from $160 toi $175.

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