Program: Friday, October 17, 2003
Good Economic News... Bad Wall Street Reaction
Lawmakers Are Working Overtime On A Medicare Prescription Drug Benefit
Market Monitor- Richard Steinberg, Portfolio Man., Reserve Large Cap Growth Fund
Last Word-Tall Stature, Tall Salary
The Week Ahead
Paul Kangas' Stocks In The News
Market Stats
10/17/03:
Good Economic News... Bad Wall Street Reaction
SUSIE GHARIB: Wall Street ended the week on a down note despite some good economic news
today. The Dow tumbled about 70 points and the NASDAQ lost 37. While
investors cashed in on profits, they got more evidence today that the
economy is rebounding -- an improvement in a key consumer sentiment survey
and a healthy surge in home building.
Scott Gurvey has details.
SCOTT GURVEY, NIGHTLY BUSINESS REPORT CORRESPONDENT: Consumers are becoming
more confident as evidence continues to show the economy is doing better.
The stock market rally came first, followed by signs of stability in the
manufacturing sector and finally a glimmer of hope that employers are
beginning to hire new workers after a long, long string of job cuts. Now,
the University of Michigan`s Consumer Sentiment Index for mid October shows
a bigger increase from its September reading than expected.
KEVIN LOGAN, ECONOMIST, DRESDNER KLEINWORT WASSERSTEIN: Consumer confidence
has been pretty, very stable for the last several months. Today`s report
showed a slight increase. That`s probably related to improvements in the
labor market. In September, we saw payroll employment increase for the
first time in eight months and the unemployment rate was more or less
stable. So labor market conditions seem to be improving a little bit, and
that`s important for consumer confidence.
GURVEY: Another confidence booster, evidence that higher mortgage rates
haven`t hurt the home building sector. Starts of new homes rose about 3.4
percent, to a seasonably adjusted annual rate of 1.89 million in September.
That matches the record set in July and was better than expected. So far
this year, nearly 1.4 million new homes have been started, a 5.4 percent
increase over last year. And home builders remain optimistic about the pace
of home construction over the next six months.
STEPHEN GALLAGHER, CHIEF U.S. ECONOMIST, S.G. COWEN: Mortgage rates are now
moving back above six percent on a 30 year fixed. I would look for them to
even move up to 6 1/2 percent going into early 2004. And I think that`s why
households are trying to grab that lower mortgage rate while they can. I
think it will slow housing down. I don`t think housing is going to be weak
for a long time, but I think it will taper off from these exceptionally
high levels that we`re currently seeing.
GURVEY: Next week the markets are once again expected to focus more on
earnings than on economics, with no major government reports on the
calendar. Scott Gurvey, NIGHTLY BUSINESS REPORT, New York.
Nightly Business
Report transcripts are available on-line post broadcast. The program
is transcribed by eMediaMillWorks. Updates may be posted at a later
date. The views of our guests and commentators are their own and
do not necessarily represent the views of Community Television Foundation
of South Florida, Inc. Nightly Business Report, or WPBT. Information
presented on Nightly Business Report is not and should not be considered
as investment advice. Copyright (c) 2003 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/17/03: Lawmakers Are Working Overtime On A Medicare Prescription Drug Benefit
SUSIE GHARIB: Also in Washington, lawmakers are working on a prescription drug
benefit for Medicare. Both the House and Senate have passed bills and a
handful of lawmakers are now negotiating their differences in conference.
The conferees missed a self-imposed deadline today, but say they`re making
progress. Stephanie Woods reports.
STEPHANIE WOODS, NIGHTLY BUSINESS REPORT CORRESPONDENT: Politicians have
long promised to add a prescription drug benefit to Medicare. In an effort
to deliver, key lawmakers met behind closed doors today to try to figure
out a way to add the benefit and still keep costs under control. Democratic
leader Tom Daschle worries the current plan could raise health care costs
for seniors.
SEN. TOM DASCHLE (D-SD), MINORITY LEADER: When the American people find out
how bad that Medicare bill is in its current form, with premium supports,
means testing, higher costs all the way around for senior citizens, there
will be a revolt, I guarantee you. There will be a revolt.
WOODS: But the powerful seniors` lobby is not ready to revolt. They want to
see a bill passed now that will provide Medicare recipients drug coverage.
Still, they expect many will be disappointed.
DAVID CERTNER, FEDERAL AFFAIRS DIRECTOR, AARP: This bill will not meet
expectations. I think the way this bill has been talked about and been sold
and been promised over the last few years has raised expectations.
Individuals will not be getting the kinds of retiree health coverage that
they may be having through their employer, for example. It`s just not going
to be as generous, and, in fact, it may be more complicated in some
respects.
WOODS: Medicare is a top priority for the President and Republican leaders.
Already there is $400 billion budgeted to pay for it. Analysts expect that
price tag to grow.
JOANNE WOODWARD, POLICY ANALYST, GOLDMAN SACHS: It`s going to be quite
costly for the government and the federal deficit will explode. But no
one`s worried about the deficit these days in Washington.
WOODS: The conferees will work through the weekend to try to craft a deal.
Senate Majority Leader Bill Frist says he hopes to pick up the pace next
week. Analysts expect a prescription drug benefit for Medicare to be signed
into law by the end of the year. Stephanie Woods, NIGHTLY BUSINESS REPORT, Washington.
Nightly Business
Report transcripts are available on-line post broadcast. The program
is transcribed by eMediaMillWorks. Updates may be posted at a later
date. The views of our guests and commentators are their own and
do not necessarily represent the views of Community Television Foundation
of South Florida, Inc. Nightly Business Report, or WPBT. Information
presented on Nightly Business Report is not and should not be considered
as investment advice. Copyright (c) 2003 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/17/03:
Market Monitor- Richard Steinberg, Portfolio Man., Reserve Large Cap Growth Fund
SUSIE GHARIB: Our market monitor guest tonight is Richard Steinberg. He is the portfolio
manager of the Reserve Large Cap Growth Fund, which has a high Morningstar
rating, three out of five stars.
And we`re happy to have you with us tonight, Rich.
It`s your first time as a market monitor.
We welcome you to the program.
RICHARD STEINBERG, PORTFOLIO MGR., RESERVE LARGE CAP GROWTH FUND: Thanks.
Nice to see you, Susie.
GHARIB: Why don`t we begin with what is your outlook for the markets? I
understand that you`re seeing it as flat to down for the rest of the year.
Give us your analysis on that.
STEINBERG: Yes, I think, you know, we`re carrying roughly $58.50 to $59 in
S&P earnings, and I think we`ve just come up too fast. I think we`re
setting ourselves up if we do pull back and digest some of these gains, to
set ourselves up for a good next year. But I think we have to digest
things. The market feels like to us like it`s ahead of fundamentals and I
think you`re starting to see that in the last couple of days, where
companies are reporting good numbers, but they`re not significantly better
than people had hoped.
GHARIB: So you said something about setting up for a good next year. Do you
think 2004 will be positive for the markets?
STEINBERG: I do. You know, we`ve met with or spoken to a number CEOs. And,
you know, the first question we ask them is do you think that the economy
is actually as strong as people think? And we`re getting mixed results
there. So I think we need to see a catalyst of continued better job growth
and we`ll have the ability to drive earnings here maybe an extra nine or 10
percent next year. And then the market will follow those numbers
accordingly. I think we could have a, you know, a 19 or 20 multiple over
time again for the S&P, but we have to make sure that the earnings are
justifying that.
GHARIB: All right, well, with that as a backdrop, what is the strategy that
you follow in your fun, your portfolio? What kind of stocks are you looking
for?
STEINBERG: Right. Both at Steinberg Global and for the Reserve Capital
Growth Fund we take a GARP approach, that we`re trying to find growth at a
reasonable price. And I think even though the market may be flat going into
the last quarter here, we still are able to find some opportunities that
are either cheap on an absolute P/E basis, cheap relative to peers. So
we`re finding opportunities and what we`re trying to do is find companies
that are either number one or number two market share leaders that make
sense, that have had the opportunity to take market share in this tough
economy and they`ll have the ability to drive profits later.
GHARIB: now, I understand that General Electric (GE) is your top holding.
And we`ve seen that the stock is down almost to $2 since we reported its
third quarter earnings last week. Give us your analysis on G.E.
STEINBERG: Yes, a couple of days ago G.E. came and said that they were
guiding the range down for the fourth quarter a couple of pennies. I think
that`s a lot of noise. I think people have to start to focus on `04
numbers. We`re carrying $1.70 for `04 for G.E. If you give it a 20
multiple, you get to that 35 or 36 area. So it`s a name that I think you
hold onto here. There`s no great reason to jump back into it. If it pulls
back a little bit more, it may be a better opportunity. They have just,
what Jeffrey Immelt is doing is reinvesting slower growth businesses back
into faster growth businesses, especially in the medical area.
GHARIB: So if you don`t own the stock, is it something that you would
recommend buying now?
STEINBERG: I think you could buy it on a little bit more of a pullback.
Don`t forget, now that they`ve bought Amersham (AHM) for $9.5 billion in
stock, the arbitrageurs will be shorting G.E. and buying Amersham. And in
addition to that, international fund holders, because it`s a U.K. company,
are not going to be allowed to own U.S. stocks. So after the deal gets
done, you`ll see a changing of hands from international shareholders to
U.S. That could keep a lock on it.
GHARIB: OK. All right, let`s go over some of the other stocks that you like
right now. What else do you find attractive?
STEINBERG: I think right now Clear Channel Communications (CCU), which pay
not sound like a household name, but it is. It`s the largest owner of
radios. They own over 700,000 billboards and very strong and live
entertainment. The stock is really kind of misunderstood, I think. Seventy
percent of their revenues come from advertising, so if the economy does
turn and ad revenues pick up, this would be the major beneficiary. We have
them earning $1.50 and they`re throwing off over $2.25 in free cash flow.
GHARIB: What else?
STEINBERG: Another name that we like right now that`s kind of unwanted is
T.J. Maxx, TJX Corp. (TJX). They own Marshal`s, TJX, off brand retailer.
The stock will earn over $1.45./ We think it could again trade close to
that $20 multiple, with a $29 reward. We spoke to a trucker recently that
trucks for them, and they`re busier than ever. So --
GHARIB: That`s a good sign.
STEINBERG: It`s a very good sign.
GHARIB: all right, I see you have Hewlett Packard (HPQ) on your list here.
And we see that the stock there has been in a trading range.
STEINBERG: It`s really kind of the one that`s really missed this tech
rally. I think that Carly Fiorina, the CEO, still doesn`t have the
confidence of management. We have them earning over $1.40, though. It`s
very, very cheap and, again, it`s a great model, great brand and it`s what
I call the Gillette (G) model, give the printers away and sell people the
ink.
GHARIB: OK --
STEINBERG: In addition, if CapEx spending turns, you`ll see some real
growth to the service side of their business.
GHARIB: let`s see if we can squeeze in a few more before we have to jump
off here. ChevronTexaco (CVX). What`s the story there?
STEINBERG: ChevronTexaco is really an oil story. You know, oil is staying
above $30 a barrel. You know, their stock is kind of holding its own here.
Great dividends. And I think that the cost savings will continue between
the merger.
GHARIB: All right, Rich, tell us about, give us the disclosure. Do you own
any of these personally?
STEINBERG: I own G.E. personally. I own the fund, both the Reserve Fund,
and the firm owns all of these names. And I own the Fund personally. So I
guess by definition, I own all the names.
GHARIB: OK. All right. Listen, it was great having you on the program for your first time.
STEINBERG: Great. Good to see you, Susie.
GHARIB: Hope to have you back.
STEINBERG: Sure. Thanks.
GHARIB: We`ve been speaking with Richard Steinberg. He`s Portfolio Manager
of the Reserve Large Cap Growth Fund.
Nightly Business Report transcripts
are available on-line post broadcast. The program is transcribed
by eMediaMillWorks. Updates may be posted at a later date. The views
of our guests and commentators are their own and do not necessarily
represent the views of Community Television Foundation of South
Florida, Inc. Nightly Business Report, or WPBT. Information presented
on Nightly Business Report is not and should not be considered as
investment advice. Copyright (c) 2003 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/17/03:
Last Word-Tall Stature, Tall Salary
SUSIE GHARIB: And finally, maybe Randy Newman was right when he sang
about short people. A new study shows that taller people tend to earn more
money and win more respect in the workplace. The study was done by a
University of Florida management professor. And he says that each inch in
height adds about an extra $800 a year in salary. The professor called the
study troubling because except in obvious cases like pro basketball
players, height is really not an essential ability to do a job well. The
study showed the relationship between height and earnings was particularly
present in sales and management careers. And, Jeff, the average height of
the American man is 5`9." And for the average American woman, it`s under
5`4."
YASTINE: Well, it`s interesting that two of the biggest actors around,
Sylvester Stallone and Tom Cruise, are both pretty short guys. So maybe
their skill is --
GHARIB: Danny DeVito too, yes.
YASTINE: Absolutely.
Nightly Business Report transcripts
are available on-line post broadcast. The program is transcribed
by eMediaMillWorks. Updates may be posted at a later date. The views
of our guests and commentators are their own and do not necessarily
represent the views of Community Television Foundation of South
Florida, Inc. Nightly Business Report, or WPBT. Information presented
on Nightly Business Report is not and should not be considered as
investment advice. Copyright (c) 2003 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/17/03: The Week Ahead
SUSIE GHARIB: Here`s a look now at what`s happening next week. Our Friday market
monitor guest is Michael O`Higgins. He`s President of O`Higgins Asset
Management. A light week for the economic calendar next week. Monday, it`s
September leading economic indicators, and Thursday, weekly jobless claims
come out. But it`ll be another big week for earnings. Dow components 3M
(MMM), AT&T (T), Citigroup (C), Dupont (DD), Eastman Kodak (EK), J.P.
Morgan Chase (JPM), McDonald`s (MCD), Merck (MRK), Microsoft (MSFT) and SBC
Communications (SBC), they`re all scheduled to report.
Nightly Business Report transcripts
are available on-line post broadcast. The program is transcribed
by eMediaMillWorks. Updates may be posted at a later date. The views
of our guests and commentators are their own and do not necessarily
represent the views of Community Television Foundation of South
Florida, Inc. Nightly Business Report, or WPBT. Information presented
on Nightly Business Report is not and should not be considered as
investment advice. Copyright (c) 2003 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/16/03:
"Paul Kangas' Stocks In The News"
JEFF YASTINE: Well, eBay`s (EBAY) disappointing profit forecast for next year
turned out to be a nice excuse to do some profit taking, despite the
economic data Scott mentioned.
The NASDAQ seeing the worst of the selling this morning. It opened about 6
points below yesterday`s close, rallied briefly to break even, then
declined sharply.
The blue chips likewise stair stepped lower through the morning levels. At
midday the Dow was about 40 points in negative territory. However, unlike
recent days, there was no late afternoon comeback to speak of for the
indices and the Dow closed near the lows of the day, losing nearly 70
points, at 9,721.79. For the week, the Dow rose twice and fell three times,
for a net overall gain of about 47 points.
The NASDAQ Composite lost steam, as well, falling 37 3/4 points, to close
at 1,912.36. And this week the Index fell in two out of the last five
sessions, for a net loss of about 3 points.
And the S&P 500 ended down 10 3/4 points.
Well, bond traders ignored today`s positive economic news, which has tended
in the past to push bonds lower because it heightens concerns about the Fed
raising interest rates. Instead, bonds gained ground on flight to safety
buying out of the stock market, with the 10-year note rising 15/32, to 98
25/32. And that sent the yield down a touch, to 4.4 percent.
We`ll see it in just a moment, as we take a look at our stocks in the news
tonight.
And topping our list, Hughes Electronics (GMH) holding steady. Oppenheimer
Research highlighted the advantage that DirecTV will have over its rival
Echostar (DISH) in the coming year. News Corp. (NWS) is in the final stages
of its buyout of the stock.
Lucent Technologies (LU) rising $0.03.
G.E. (GE) losing $0.47.
EMC (EMC) falling $0.20.
Advanced Micro (AMD) edged up $0.03 in reaction to its smaller than
expected quarterly loss reported last night. The stock opened at $14.50,
and then sold off for the rest of the day. It still managed to post that
small gain. The Soundview Brokerage downgraded it on valuation concerns.
Pfizer (PFE) falling $0.32.
Nokia (NOK) rising $0.38.
A $0.02 gain for Micron Technologies (MU).
NorTel (NT) falling $0.11.
AT&T Wireless (AWE) losing about $0.08.
Here`s a look at XL Capital (XL), which plunged over $6. Shares for the
reinsurance firm dropped below $70 after the company disclosed losses from
operations in North America would likely hurt third quarter results. And
Merrill Lynch downgraded the stock. S&P cutting profit estimates there.
Cadbury Schweppes (CSG) hatched a $0.95 gain after Goldman Sachs upgraded
the candy maker. Whatever happened to the Cadbury Schweppes` egg, by the
way?
Federated Investors (FII) advanced $1.37 thanks to an upgrade from Morgan
Stanley.
And here`s a look at Media General (MEG), which rose more than $3. The TV
and newspaper chain owner received a round of upgrades from C.S. First
Boston and another firm, Davenport, that on the heels of Media General`s
better than expected third quarter results.
Now, there`s Fannie Mae (FNM), Sallie Mae (SLM), Freddie Mac (FRE) and then
there`s the lesser known country bumpkin, Farmer Mac (AGM), otherwise known
as what you see on the screen there. Shares sprouted more than $2 after the
General Accounting Office gave a thumbs up to the company`s financial
stability. And that led to a nice short covering rally in the shares.
Zarlink Semiconductor (ZL) sank nearly a $1 after turning in a wider than
expected second quarter loss of about $0.15 a share. It also warned that
its third quarter results will likely come up short and analysts downgraded
the stock.
Cytec Industries (CYT) finishing nearly $3 lower. That`s in reaction to a
30 percent drop in third quarter earnings due to higher energy and raw
material prices. And the CEO doesn`t expect improvement in the fourth
quarter, either.
Sensient Technologies (SXT), maker of food flavoring products, leaving a
bad taste with shareholders. The company says it`ll likely miss yearly 2003
earnings by at least $0.03 a share because of a slump in sales. Today`s
third quarter results came in $0.03 lower, as well.
Shares of Mohawk Industries (MHK) tumbled over $4. The carpet maker posted
record third quarter earnings, but warned that fourth quarter results would
miss Wall Street targets by at least $0.04 a share. The news sparking a
sell-off in the stock, which began the year at $57.
Over on the NASDAQ, mostly losers today. Shares in eBay (EBAY) falling
quite a bit, a more than three times average volume. As we mentioned last
night, earnings were fine. The company said next year`s profits may fall
short of earlier estimates.
Intel (INTC) losing $0.57.
Microsoft (MSFT) dropped $0.30.
Amgen (AMGN) tumbling $2.15.
And here`s a look at MedImmune (MEDI), which Susie mentioned a moment ago,
tumbling $1.83. And as she said, the company dealt a major blow with Wal-
Mart saying it will stock its Flu Mist vaccine because of some legal
considerations.
Cisco Systems (CSCO) sliding $0.40.
Broadcom (BRCM) skated nearly $3. Smith Barney downgrading the stock on
concerns that chip sales growth might be limited in the coming year.
Amazon.com (AMZN) losing $0.22.
Yahoo! (YHOO) falling $0.03.
Dell (DELL) lost a $0.10 for today.
Here`s a look at DoubleClick (DCLK), which had a nearly $3 loss. The shares
getting flocked after the firm reported less than expected revenue numbers
for the third quarter, although the earnings, $0.04 a share, did top
estimates.
Integrated Device Technologies (IDTI) climbing more than $2. On a pro forma
basis, the company lost a $0.01 a share compared to a $0.05 loss in the
year ago period. Revenues fell 12 percent.
And Marketing Services (MKTG) soaring more than $2. The company reporting a
small profit compared to a very big loss last year.
Decode Genetics (DCGN) jumping $1.72. The firm says it will develop a DNA-
based test to identify people with a genetic predisposition for heart
attacks, and Roche will be the company`s partner in the project.
And finally, Durect Corp. (DRRX) plummeting $1.37. The company`s conducting
tests of its chronogesic pain therapy product. The latest data it received
was disappointing for the company. Durect says it remains committed to
getting FDA approval.
And those are the stocks in the news tonight.
Nightly Business Report transcripts
are available on-line post broadcast. The program is transcribed
by eMediaMillWorks. Updates may be posted at a later date. The views
of our guests and commentators are their own and do not necessarily
represent the views of Community Television Foundation of South
Florida, Inc. Nightly Business Report, or WPBT. Information presented
on Nightly Business Report is not and should not be considered as
investment advice. Copyright (c) 2003 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/17/03:
Market Stats
NET PERCENT
CLOSE CHANGE CHANGE
DOW CLOSE 9721.79 -69.93 - .7
HIGH 9815.79
LOW 9701.72
NASDAQ COMP. 1912.36 -37.78 -1.9
HIGH 1949.69
LOW 1910.24
VOLUME 1,296.3
PREVIOUS 1,378.2
UP VOLUME 271.0
DOWN VOLUME 989.9
DOW TRANSPORTS 2847.28 -25.30 - .9
DOW UTILITIES 252.10 -1.11 - .4
CLOSING TICK +470
S&P 500 1039.32 -10.75 - 1.0
S&P 100 518.12 -5.39 - 1.0
MIDCAP 400 536.00 -7.41 - 1.4
REUTERS/CRB 245.99 unch. unch.
NYSE COMPOSITE 5907.12 -45.13 - .8
VALUE LINE 337.02 -4.81 -1.41
RUSSELL 2000 520.36 -9.28 -1.75
WILSHIRE 5000 10098.38 -112.46 -1.1
U.S. TREASURIES
5-YEAR NOTE 3.125%
Sept. 15,2008 99 1/32 +10/32 3.34
10-YEAR NOTE 4.25%
Aug. 15,2013 98 28/32 +15/32 4.40
30-YEAR NOTE 5.375%
Feb. 15, 2031 101 24/32 +25/32 5.25
LEHMAN BROS.
LONG BOND INDEX 1697.28 +11.42
DOW CLOSE 9721.79 -69.93 - .7
ADVANCES 1008
DECLINES 2201
NEW HIGHS 186
NEW LOWS 3
NET PERCENT
NYSE MOST ACTIVES 4PM CLOSE CHANGE CHANGE
GMH Hughes Electronic 15.45 unch. unch.
LU Lucent Tech 2.38 +.03 +1.3
GE GE 28.55 -.47 -1.6
EMC EMC Corp 13.15 -.20 -1.5
AMD Advanced Micro 13.99 +.03 +.2
PFE Pfizer 30.56 -.32 -1.0
NOK Nokia Corp 17.00 +.38 +2.3
MU Micron Tech 12.85 +.02 +.2
NT Nortel Networks 4.56 -.11 -2.4
AWE AT&T Wireless 8.19 -.08 -1.0
NASDAQ CLOSE 1912.36 - 37.78 - 1.9
VOLUME 1,749.8
PREVIOUS 1,772.3
ADVANCES 965
DECLINES 2183
NASDAQ ACTIVES
EBAY eBay 54.86 -2.64 -4.6
INTC Intel 31.66 -.57 -1.8
MSFT Microsoft 28.93 -.30 -1.0
AMGN Amgen 63.01 -2.15 -3.3
MEDI MedImmune 28.18 -1.83 -6.1
CSCO Cisco Systems 20.64 -.40 -1.9
BRCM Broadcom 29.84 -2.84 -8.7
AMZN Amazon.com 59.69 -.22 -.4
YHOO Yahoo! 42.24 +.03 +.1
DELL Dell Inc 36.41 -.10 -.3
AMEX CLOSE 1018.37 - 2.57 - .3
INDEX SHARES
DIA DIAMONDS TRUST 97.30 -.75 -.8
QQQ NASDAQ 100 34.61 -.83 -2.3
SPY S&P DEP.RECEIPTS 104.26 -1.15 -1.1
STOCKS IN THE NEWS
XL XL Capital Ltd 73.37 -6.03 -7.6
CSG Cadbury Schwepp 27.20 +.95 +3.6
FII Fed Investors 31.39 +1.37 +4.6
MEG Media General 67.85 +3.36 +5.2
AGM Fed Agriculture 29.36 +2.68 +10.0
ZL Zarlink Semi 3.12 -.97 -23.7
CYT Cytec Inds 34.42 -2.94 -7.9
SXT Sensient Tech 20.02 -1.78 -8.2
MHK Mohawk Inds 70.47 -4.46 -6.0
DCLK Doubleclick 9.26 -2.98 -24.4
IDTI Integrated Dev 14.95 +2.29 +18.1
MKTG MKTG Services 5.00 +2.17 +76.7
DCGN Decode Genetics 6.79 +1.72 +33.9
DRRX Durect Corp 2.37 -1.37 -36.6