S&P 500 Hits 1,440

The S&P 500 broke through 1,440 for the first time in 75 months. The index was up 0.85% today to 1,440.13. Our Buy List also did well, rising 0.89%. The Dow closed at an all-time high of 12,621.77.
Amphenol (APH) did particularly well as it added $1.44 a share. The stock is now up 8.4% on the year. Also, SEI Investments (SEIC) made a new 52-week high.
After the bell, Varian Medical Systems (VAR) reported earnings of 37 cents a share for the fourth quarter, two cents more than estimates. Even though the company continues to do well, I’ve been surprised by the stock’s sluggish performance over the past year.
In the press release, Timothy Guertin, Varian’s CEO said, “Net earnings should be in the range of $1.89 to $1.91 per diluted share for the year, and approach $0.46 for the second quarter.” Wall Street was expecting 48 cents a share, so the stock is down sharply after hours.
Also, Fair Isaac (FIC) reported earnings of 52 cents a share.The company said that expects to make approximately 48 cents a share for the March quarter, and $2.15 for FY 2007.

Posted by on January 24th, 2007 at 4:25 pm


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