Priceline.com

reports — Fri, 09 May 2008 15:55:59 GMT

Daily Market Commentary for May 9, 2008 from [url="http://www.millennium-traders.com"]Millennium-Traders.Com[/url]

Priceline released 1Q earnings that blew by analyst estimates, creating a surge in the stocks price. First Quarter revenue came in at $403.2 million compared to earnings of $301.3 million a year ago. ([url="http://www.millennium-traders.com/news/newscommentary.aspx"]read more[/url])

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the U.S. Markets:

DOW (Dow Jones Industrial Average) triple digit loss of 120.90 points on the day to end the session at 12,745.88
NYSE (New York Stock Exchange) gain of 49.07 points to end the session at 9,388.54
NASDAQ loss of 5.72 points for a close at 2,445.52
S&P 500 loss of 9.39 points for a close at 1,388.29
FTSE All-World ex-U.S. loss of 1.78 points to close at 251.31
FTSE RAFI 1000 loss of 38.56 points to close at 5,584.73
BEL 20 loss of 46.25 points to close at 3,826.91
CAC 40 loss of 95.02 points to close at 4,960.56
FTSE100 loss of 66.1 points to close at 6,204.7
NIKKEI 225 triple digit loss of 288 points to close at 13,655.3

News on the New York Stock Exchange (NYSE) today: advanced stocks 1,416; declined stocks 1,703; unchanged stocks 100; stocks hitting new highs 67; stocks hitting new lows 44. Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today: Harris Corporation (NYSE: HRS) gained 2.52 points on the trading day, high on the trading day $60.00, low on the trading day $56.53, for a closing price at $56.93; Transocean, Incorporated (NYSE: RIG) shed 3.64 points on the trading day, high on the trading day $157.67, low on the trading day $150.62, for a closing price at $153.66; Mechel Open Joint Stock Company (NYSE: MTL) shed 1.75 points on the trading day, high on the trading day $158.14, low on the trading day $150.53, for a closing price at $155.38; Public Storage (NYSE: PSA) shed 5.55 points on the trading day, high on the trading day $91.81, low on the trading day $85.86, for a closing price at $86.26; FMC Technologies, Incorporated (NYSE: FTI) gained 3.59 points on the trading day, high on the trading day $79.24, low on the trading day $73.24, for a closing price at $77.85; InterContinental Exchange, Incorporated (NYSE: ICE) shed 3.16 points on the trading day, high on the trading day $159.89, low on the trading day $155.59, for a closing price at $156.56; CME Group, Incorporated (NYSE: CME) shed 3.67 points on the trading day, high on the trading day $474.29, low on the trading day $458.29, for a closing price at $461.65; Visa Incorporated (NYSE: V) shed 4.44 points on the trading day, high on the trading day $86.67, low on the trading day $82.52, for a closing price at $82.86.

News on the NASDAQ today: advanced stocks 1,346; declined stocks 1,504; unchanged stocks 136; stocks hitting new highs 25; stocks hitting new lows 131. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: Priceline.com Incorporated (NasdaqGS: PCLN) gained 14.85 points on the trading day, high on the trading day $144.34, low on the trading day $137.37, for a closing price at $138.63; Orthofix International NV (NasdaqGS: OFIX) shed 4.64 points on the trading day, high on the trading day $36.75, low on the trading day $32.38, for a closing price at $33.13; GeoEye, Incorporated (NasdaqGS: GEOY) shed 3.05 points on the trading day, high on the trading day $19.64, low on the trading day $16.05, for a closing price at $18.93; Research In Motion Limited (NasdaqGS: RIMM) gained 1.59 points on the trading day, high on the trading day $134.64, low on the trading day $131.11, for a closing price at $132.77; First Solar, Incorporated (NasdaqGS: FSLR) gained 8.70 points on the trading day, high on the trading day $287.65, low on the trading day $278.55, for a closing price at $284.50; Baidu.com, Incorporated (NasdaqGS: BIDU) shed 8.89 points on the trading day, high on the trading day $354.00, low on the trading day $343.40, for a closing price at $346.28; Google Incorporated (NasdaqGS: GOOG) shed 9.81 points on the trading day, high on the trading day $585.00, low on the trading day $571.30, for a closing price at $573.20.

News on the American Stock Exchange (AMEX) today: advanced stocks 513; declined stocks 582; unchanged stocks 122; stocks hitting new highs 38; stocks hitting new lows 26.

U.S. March Trade Deficit came in at $58.21 Billion as compared to consensus of a Deficit of $61.50 Billion; February Trade Balance Revised to Deficit of $61.71 Billion from Deficit of $62.32 Billion; March Exports of $148.51 Billion fell 1.7%; March Imports of $206.72 Billion fell 2.9%.

Commodities Markets
Energy Sector: Light Crude (NYM) gained $2.27 on the day to close at $125.96 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.13 on the day to close at $3.64 a gallon ($US per gal.); Natural Gas (NYM) gained $0.27 on the day to close at $11.54 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.06 on the day to close at $3.20 a gallon ($US per gal.).

Metals Markets: Gold (CMX) gained $3.70 to close at $885.80 ($US per Troy oz.); Silver (CMX) gained $0.02 to close at $16.89 ($US per Troy oz.); Platinum (NYM) gained $52.70 to close at $2,095.00 ($US per Troy oz.) and Copper (CMX) shed $0.07 to close at $3.72 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 0.40 to close at 76.88; Pork Bellies (CME) gained 0.30 to close at 80.08; Live Cattle (CME) gained 0.88 to close at 94.53; Feeder Cattle (CME) gained 0.45 to close at 109.93.

Other Commodities (cents per bu.): Corn (CBT) shed 1.00 to close the session at 629.25 and Soybeans (CBT) gained 48.00 to close the session at 1,358.00.

Bonds were higher across the board today: 2 year bond shed 62/32 to close at 99 24/32 with a Yield of 2.24, Yield Change +0.03; 5 year bond shed 1/32 to close at 100 22/32 with a Yield of 2.97, Yield Change +0.01; 10 year bond gained 6/32 to close at 101 3/32 with a Yield of 3.77, Yield Change -0.01; the 30 year bond gained 1 4/32 to close at 97 16/32 on the day with a Yield of 4.52, Yield Change -0.02.

The e-mini Dow $5 ended the commodity session today at 12,769 with a loss of 55 points on the trading session. Futures Traders should review workshops available at the CBOT (Chicago Board of Trade). Educational in-person seminars schedules available on the CBOT (Chicago Board of Trade) website.

Stocks Trading Room:
Jeannie - $3,318
Barry - $11,552
Marty - $3,590
Sam - $3,130

Futures Trading Room:
JT - $6,280

Forex Trading Room:
JT - $18,750

Daily Swing Trades:
Barry - $16,610

Weekly Swing Trades:
Jeannie - $ - 420

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