Friday, January 26, 2007

Durable Goods Jump

Orders for the big ticket items rose by more than 3% last month Read here. I'm sure there's more to it beyond what Marketwatch has come up with and I'll more later.

There was big call buying on CAT yesterday and this morning the company missed estimates but guided higher for fiscal 2007. Shares are up about 3%.

Amgen missed and that stock is down by 3%. Overall, stock futures a creeping higher and the stage is set for a rebound attempt at the open. 10 a.m. new homes sales data still lurks and close attention needs to be paid to the bond market.

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