NEW YORK (TheStreet) -- Jobless claims came in slightly higher than expected, TheStreet's Joe Deaux and "Mad Money" Research Director Nicole Urken discussed.
The data, released Thursday, came in at 350,000, slightly higher than the expected 340,000, a decline from last week's revised 362,000.
Urken reminded investors that since the number is weekly, it tends to be very volatile. However, she noted earnings results are more of a focus right now.
Ford Motor (F) beat on both the top and bottom lines, Deaux said. Urken added the company reported a pre-tax loss of $228 million in European operations, a steep decline from the $468 million it lost in the region in the same quarter last year. While shares are still up, the stock is off its highs after opening over $18.Ford's not the only winner is Europe -- Spain reported its first positive quarter of GDP growth after posting nine consecutive quarters of decline, Deaux said. Other midday market winners include: Cheesecake Factory (CAKE) and Fortinet (FTNT). Agnico-Eagle Mines (AEM) is up nearly 20%. Citrix Systems (CTXS) is higher after posting better-than-expected earnings results than its warning had indicated earlier this month. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV