Stocks Crossing 50-Day SMA 10/12: (EA) (ECL) (BA) Above; (KEY) (LNKD) (DHI) Below
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Crossing and above:
- Electronic Arts Inc. (Nasdaq: EA) - up 2.1 percent. Moving as NPD said Madden '13 was the best-selling video game last month. Data shows Madden selling 11 percent more than the debut month for Madden '12.
- Ecolab, Inc. (NYSE: ECL) - up 3.9 percent. Announced the acquisition of Champion Technology today for $2.2 billion. In addition, said it sees Q3 adjusted EPS at about 87 cents, the high-end of its range.
- Boeing (NYSE: BA) - up 1.1 percent. On a two-day move higher today, Boeing is getting some positive analyst sentiment today as well.
- KeyCorp (NYSE: KEY) - down 3.2 percent. Lower as peer Wells Fargo (NYSE: WFC) reported a little bit of activity slowdown last quarter in its mortgage division.
- LinkedIn (NYSE: LNKD) - down 1.9 percent. Shrugging off an Evercore Partners upgrade earlier as overall market pressure takes hold today.
- DR Horton Inc. (NYSE: DHI) - down 1.5 percent. Looks like a stronger technical move here. Horton on a two-session slide and just breaking below the 50-day SMA, a level it's been above since the middle of June. MKM downgraded the stock Thursday morning.
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