Program: Friday, December 5, 2003

The Latest Jobs Report Sparks A Sell-off On Wall Street
Rookie Realtors Step Up To The Plate
What's At Stake In The Taiwan China Rift
"Market Monitor"- Robert Drach, Editor, "Drach Weekly Research Report"
"Paul Kangas' Stocks In The News"
Market Stats

12/05/03: The Latest Jobs Report Sparks A Sell-off On Wall Street

SUSIE GHARIB: A disappointing jobs report led to a disappointing day on Wall Street. The Dow fell 68 points and the NASDAQ lost almost 31. The selling was in reaction to news that the U.S. economy added fewer jobs in November than expected. Scott Gurvey reports.

SCOTT GURVEY, NIGHTLY BUSINESS REPORT CORRESPONDENT: The economy is adding jobs and the unemployment rate is falling, but not as fast as most would like. The unemployment rate dropped to 5.9 percent in November, its lowest since March. And employers added 57,000 jobs to their payrolls. That's the fourth straight month of increases on the job front, but well below the number most Wall Street economists were expecting.

DAVID RESLER, CHIEF ECONOMIST, NOMURA SECURITIES: Most of us had expected to see an increase of well over 100,000. It wasn't that much. It was only 57,000. Some of it we can probably blame on the effects of the strike among store workers, food store workers in California. But even if we factored that in, we'd probably be barely at 100,000 for the month. Nonetheless, it's the fourth straight month of increase and I think that it's a good signal that the economy has turned toward generating jobs.

GURVEY: In an interesting divergence, the household survey indicates that far more people found work in November than were added to payrolls, according to the usually more reliable establishment survey. Analysts say that may be because many people found work in small businesses and startup companies rather than the large firms sampled by the payroll report. Most economists believe employment gains will be slow during this recovery because of great improvements in productivity. Today's wage data supports this theory, with average hourly earnings rising only 2.1 percent on a year to year basis.

BILL DUDLEY, CHIEF U.S. ECONOMIST, GOLDMAN SACHS: What the wage growth being so weak is telling you is that there is still plenty of slack in the labor market. This underscores the notion that the Fed can keep interest rates low for a long period of time because there's no inflation pressure. For the Fed to get nervous about inflation, there's got to be some pass through into wages.

GURVEY: While most economists expect a not nervous Fed to leave interest rates unchanged when it meets next week, they will be closely watching to see what is in its written assessment of current economic conditions. 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.

12/5/03: Rookie Realtors Step Up To The Plate

SUSIE GHARIB: While the latest employment report shows slow growth in new jobs, the one sector that's had abundant job opportunities is housing. Many people who lost their jobs during the recession turned to selling real estate. But as Angela Terrell Heath reports, industry watchers say rookie realtors could now be in for some surprises.

ANGELA TERRELL HEATH, NIGHTLY BUSINESS REPORT CORRESPONDENT: It's a full house on the first day of this real estate training course. Fifty-five people registered for this class. Sixty-five showed up. Like many here, Lori Toth jumped into the field seeking refuge from the jobless recovery.

LORI TOTH, REALTOR TRAINEE: I was in the computer field for about 20 years and the opportunities aren't there anymore. And so I've spent the past two years looking at different directions.

HEATH: Classrooms like this are filling up around the country. The National Association of Realtors says 110,000 new agents joined the organization in the last year; 84,000 were selling real estate for the very first time. The real estate profession is seeing its greatest job growth in 25 years thanks to the boom in housing. But experts predict the industry is due for a shakeout.

JOHN TUCCILLO, REAL ESTATE CONSULTANT: I think that once the economy starts creating jobs, you'll see those numbers slow down and then ultimately reverse, because a lot of people are going into real estate because they think it's an easy business to go into and an easy business to do. So when they lose their job, they turn to real estate.

HEATH: Steven Wydler will tell you it's not easy. He left his job as an attorney with AOL a year and a half ago to join his brother in the realty business.

STEVEN WYDLER, REAL ESTATE AGENT: I really enjoy being a realtor, but you have to go into the business with open eyes. It's not just showing houses and smiling and pointing out where the kitchen is. It is, it's a ton -- there's a lot of behind the scenes work that people don't see.

HEATH: That work includes marketing.

HANS WYDLER, REAL ESTATE AGENT: Just make sure that the costs here match those.

HEATH: Hans Wydler has been in real estate for two years. He has an MBA from Harvard and in his former life tried to get three technology startups off the ground. He feels having that experience helps in his new venture.

WYDLER: I think of this as a startup business. I mean there's no question about it. You have a plan, a business plan, you have a budget, you have startup expenses. If you're successful, I think you try to build a brand over the long-term.

HEATH: Tuccillo says Wydler brings a skill to the table that most new agents lack: business sense. He believes many rookie agents also lack an understanding of how much work is needed to get a deal done.

TUCCILLO: The hard work occurs getting that contract to closing, because you've got to maneuver the financing, you've got to maneuver the appraisal, the home inspection. All the kinds of things that can submarine a deal happen after the contract is signed. And that's where your work occurs. That's where you earn your money.

HEATH: As the red hot housing market of the past two years begins to cool, industry observers predict rookie realtors will be jumping into other careers. Angela Terrell Heath, 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.

12/05/03: What's At Stake In The Taiwan China Rift

SUSIE GHARIB: Taiwan's president told the "New York Times" today that he's planning a referendum for next March calling on China to renounce the use of force against the island. The growing tension between Taiwan and China will be a prime topic of discussion when President Bush meets with Chinese Premier Wen Jiabao next week. Darren Gersh reports.

DARREN GERSH, NIGHTLY BUSINESS REPORT CORRESPONDENT: As premier, Wen Jiabao is the chief operating officer of the world's most populous nation. And old China hands say he is projecting an image of public modesty that hasn't always been conspicuous among Chinese leaders.

ROBERT KAPP, PRESIDENT, U.S. CHINA BUSINESS COUNCIL: It is said that at some large international meeting in Asia he held the door while the other Asian heads of government went through. Whether it's true or not, the rumor that it was, that he did that, is just so astounding that it makes quite a difference.

GERSH: This will be the President's first meeting with Wen, and there is a full agenda. While the U.S. seeks more cooperation when it comes to nuclear proliferation in North Korea, the two sides are likely to clash over trade. Facing a $130 billion trade deficit with China, the Bush administration is slapping higher tariffs on Chinese products, ranging from bras to pipes. And a broad industry coalition is hoping the President will press their concerns about what they call the undervalued Chinese currency.

FRANK VARGO, V.P. INTERNATIONAL AFFAIRS, NAM: Trade is becoming a real problem and both sides need to address it and put it back on a better footing.

GERSH: But the most sensitive issue is likely to be Taiwan. China considers the island part of the motherland and is threatening to use force if President Chen Shui Bian goes forward with a referendum that could resul t in a formal declaration of independence. Wen is likely to get the message in Washington that a conflict with Taiwan would not be in China's best interest.

JOHN TKACIK, CHINA POLICY ANALYST, HERITAGE FOUNDATION: He's committed to China's economic growth and any kind of military showdown with anybody, much less with the United States, in the Taiwan Strait, is really going to have a, just a horrendous impact on China's economic prosperity and its future. And he doesn't want that.

GERSH: Given Wen's modest personal style, analysts say this visit is a good chance for the Chinese to show the American people that a modern and worldly leadership has pushed aside China's old guard. Darren Gersh, 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.

12/05/03: Market Monitor - Robert Drach, Editor, "Drach Weekly Research Report"

PAUL KANGAS: My guest market monitor this week is Robert Drach, publisher of the "Drach Weekly Research Report." And welcome back to NIGHTLY BUSINESS REPORT, Bob. Good to see you.

ROBERT DRACH, EDITOR, "DRACH WEEKLY RESEARCH REPORT": Thank you, Paul.

KANGAS: You know, you're on record as saying that the market has excessive speculation and the blue chips are lagging. Do you think this disparity will continue for any length of time?

DRACH: It can't continue forever. It might have stopped now. But clearly you've had some excessive speculation in the NASDAQ sector.

KANGAS: But it's come down a long way from the peak, of course.

DRACH: Oh yes. Well, you have to -- if you put it in proper perspective, the NASDAQ lost two thirds of its value last year, so it's should h some catching up to do. But if you look at relative performance this year, it's overdone it a bit.

KANGAS: OK, up close to 50 percent on the Composite.

DRACH: Yes.

KANGAS: But in any case, you managed the model portfolio for the NIGHTLY BUSINESS REPORT Web site. If everyone doesn't realize it, they should. And you've done very well with it. Let's look at how that portfolio is doing up to this point this year to date. And we see, my goodness, the NASDAQ Composite beat you out, 45 percent up. You're 26 percent. And, of course, you beat the S&P 500 and the Dow. How do you account for some average beating you?

DRACH: Well, it's because of the relative discounting before.

KANGAS: OK.

DRACH: Like I said, the NASDAQ lost two thirds. The S&P lost like 40 percent and I think th e Dow lost 27 percent. So there is some pricing rectification due, but it's overdone.

KANGAS: Right.

DRACH: And the NASDAQ here is clearly demonstrating excessive speculation.

KANGAS: OK. Now let's look at how that model portfolio of NBR has done since its inception way back in May of 1995. And you are on top here. NBR-Drach site, 231 percent to the good, and the best the NASDAQ did was 129 percent. And that was very good.

DRACH: Yes, well, yes, that makes us look a little better.

KANGAS: Oh, boy, I complement you on that, Bob.

DRACH: But that's just, that's simply by going to high quality stocks that are discounted.

KANGAS: You were last with us, incidentally, on June 27 of this year and you recommended six stocks. And every one is higher. Let's have a look at what you recommended and what prices they were. Freddie Mac (NYSE:FRE) at $50. Now it's about $55. Avery Dennison (NYSE:AVY) at $48. it's up to $55. That was the first two out of six. And McDonald's (NYSE:MCD) was very unpopular. You said that's a good reason to buy it, which you did. And here we are up nicely by 3 points. State Street Financial, from $39 to over $50. That was excellent. OK, tat was number three and four. And Synovus Financial (NYSE:SNV) comfortable higher. G.E. (NYSE:GE) is just about where it was, just a touch higher than it was back then. Are you still with all of those six?

DRACH: No. What we'll do is we'll stay with the ones that are discounted. Of that group, Avery Dennison and General Electric would qualify as keeping. And then what we do is replace those with stocks that are more discounted that are quality, that have some quality (UNINTELLIGIBLE).

KANGAS: But always high quality issues, correct?

DRACH: Always high quality issues. That's the advantage.

KANGAS: And how do you -- what is the criteria for high quality?

DRACH: You want earnings predictability with an upward bias over a series of years. Most stocks fail in earnings predictability. Ove r 80 percent of the stocks fail in that regard.

KANGAS: OK. So of those six, Avery Dennison and G.E. (NYSE:GE) you still like?

DRACH: Yes, we still like that.

KANGAS: OK. Do you have some new recommendations, Bob?

DRACH: Oh, yes. Obviously, we'll go to the most discounted sectors. And now they hate the retail stocks, so naturally we have to take something there. And we take Family Dollar Stores (NYSE:FDO).

KANGAS: OK, that was just out yesterday with rather disappointing November same store sales of less than a percent.

DRACH: Yes, so we'll take it. They over discount them. The drugs have been discounted all year, so we take Merck politician in that category. And then if you want some --

KANGAS: OK. Merck, all right.

DRACH: Yes. Then if you want something more diversified, maybe Teleflex (NYSE:TFX).

KANGAS: All right, let's have a chart on Teleflex and see how that one has done. It's considerably higher than its low back earlier in the year. But you still like it here?

DRACH: Yes, I would still like that here, because if you go back further, it's been beat up in a longer time frame so.

KANGAS: So you don't really care what the overall market does. You're basically interested in discounted blue chips.

DRACH: I care what it does, but in that model we're always heavily invested and I always want to go to the most discounted quality stocks. Thereby you don't really have to rely on the averages so much. That's why we have the advantage. That's why we've done so well.

KANGAS: Well, you certain through have done well. And these stocks you don't own, but you use them in the model portfolio, correct?

DRACH: We just use these in the model for educational purposes.

KANGAS: OK. All right. Excellent. Our time has run out, unfortunately. But, Bob, I want to thank you very much.

DRACH: I thank you, Paul. Good to be with you again.

KANGAS: My guest, Bob Drach, publisher of "Drach Weekly Research 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.

01/03/03: Last Word: The Phantom

JEFF YASTINE: And finally, if you have a spare $332,000 lying around, this might be a good use for it. It`s a brand new Rolls-Royce called The Phantom. It`s the first new model since the British luxury car maker was bought by German auto maker BMW. Unveiled in England today, the car is 19 feet long and has a V-12 engine and can go from zero to 60 in less than six seconds. It comes with a humidified cigar case, a humidor, door mounted umbrella holders, hand fitted leather and wood trim, and, of course, that distinctive Rolls-Royce hood ornament. But if you want one, you`d better hurry, Susie. BMW says it expects to make only 600 of the new Phantoms this year. So put your order in now.

GHARIB: Well, after I heard what Doug Cliggott just said about the stock market, I don`t think I`m going to have any money to be able to afford that. So, I`ll let the other 599 people take it.

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.

12/05/03: "Paul Kangas' Stocks In The News"

PAUL KANGAS: Wall Street opened broadly lower in reaction to the unemployment report, since it showed new job creation was far below expectations. After 30 minutes of trading, the Dow was down 43 points. The NASDAQ Index fell 18. The report that October factory orders rose 2.2 percent did little to stop the selling, as it was just "in line" with estimates. And an earnings warning from JetBlue sent the discount carriers into a dive. By early afternoon, the Dow was off 76 points, the NASDAQ down 32. As trading activity slowed ahead of the weekend, the market stabilized and then firmed up slightly late in the session. The Dow Industrial average closed down 68 points, at 9,862.68. The Dow fell twice and rose three times this week, for a net gain of 80.22 points. The NASDAQ Composite fell nearly 31 points, to 1,937.82 today. And for the week, it rose twice but fell three times, and had a net loss of 22.44 points. The Standard & Poor's 500 Index down 8.22 today, at 1,061.50.

Over in the bond market, the 10-year note jumped 1 2/32, to par and 4/32, pushing the yield down to 4.23 percent.

The most active New York Exchange issue on 14 1/2 million sh ares, Liberty Media (NYSE:L), down $0.26. A spokesman would only say the company is interested in expanding its cable operations internationally. Some analysts believe they'll start in France.

Sears Roebuck (NYSE:S) down $3.63. November same store sales for Sears fell 3.2 percent. The Street was looking for at least a one percent rise.

AT&T Wireless (NYSE:AWE) dropped $0.02.

Wal-Mart Stores (NYSE:WMT) edging up $0.46.

Texas Instruments (NYSE:TXN) down $0.78, probably weak in sympathy with Intel (NASDAQ:INTC), whose fourth quarter revenue forecast disappointed analysts. More on that later.

Lucent Technologies (NYSE:LU) down $0.04.

A $0.02 loss in Motorola (NYSE:MOT).

GE (NYSE:GE) a $0.05 drop.

Pfizer (NYSE:PFE) fell $0.17.

Tenth in volume, Nokia (NYSE:NOK), was down $0.38.

Caterpillar (NYSE:CAT), which is a Dow stock, had a good day, up $1.56. It traded as high as $77.10. Smith Barney Brokerage upgraded it from "hold" to "buy" due to strong demand for industrial equipment. Smith Barney believes the stock will outperform the Standard & Poor's 500 Index and increased its price target for Caterpillar from $77 to $90 a share.

Another good gainer, Massey Energy (NYSE:MEE), up $1.51. Coal stocks have been strong. Coal prices in the last two weeks have risen eight percent because of strong demand. Also, this stock broke out to a new 52 week high, so market technicians bought it.

Anglogold (NYSE:AU) up $1.29. New York February gold contract up $3.10, to $407.30 the ounce. The whole group was quite firm.

Then DeVry (NYSE:DV) down $1.58, even though the company said its fall enrollments rose 6.2 percent. But a lot of these for profit school stocks have been under pressure after Career Education (NASDAQ:CECO) allegedly inflated enrollments, which the company strongly denies. More on that later, too.

Texas Genco Holdings (NYSE:TGN) down $2.35. Reliant Resources (NYSE:RRI) says it's unlikely it'll exercise its option to buy Cen terPoint Energy's (NYSE:CNP) 81 percent stake in Texas Genco Holdings because Reliant Resources' earnings outlook is rather volatile.

Triad Hospitals (NYSE:TRI) up $1.51. J.P. Morgan upgraded it from "neutral" to "over weight."

On the down side, Hormel Foods (NYSE:HRL) down $0.66. It traded as low as $25.97. Wachovia Securities downgraded it from "outperform" to "market perform."

ResMed (NYSE:RMD) moved up $1.11. The S.G. Cowen Brokerage upgraded it from "outperform" to a "strong buy."

And Esterline (NYSE:ESL) up a $1. Good earnings, after the close yesterday, fourth quarter $0.44 a share, up from last year's $0.36, and $0.09 above the estimate on Wall Street.

Microsoft (NASDAQ:MSFT) topped the active list on NASDAQ, down $0.22.

Intel (NASDAQ:INTC) off $1.44. After the close yesterday, as we reported, the company projected fourth quarter revenues of $8.5 billion versus the Street estimate of $8.7 billion. So analysts were disappointed.

Cisco (NASDAQ:CSCO) down $0.23.

JetBlue Airways (NASDAQ:JBLU) tumbling $5.52. The company gave a fourth quarter earnings warning, saying that operating margins will drop from as high as 17 percent to as low as 13 percent. The company is also concerned the holiday boom may not occur.

This affected a lot of stocks in the discount airline group. AirTran (NYSE:AAI), America West (NYSE:AWA) and Southwest Air (NYSE:LUV) all on the down side today.

Career Education (NASDAQ:CECO) rebounded $1.91 after dropping $18 in the last two days on concerns the company may have infiltrated enrollment figures. But today, the chief executive officer said those accusations are unsubstantiated.

Qualcomm (NASDAQ:QCOM) up $0.38.

SanDisk (NASDAQ:SNDK) down $4.06.

A $2.61 drop in Apollo (NASDAQ:APOL).

MedImmune (NASDAQ:MEDI) fell $1.64.

Tenth in Nasdaq dollar volume was Amgen (NASDAQ:AMGN), losing $1.31.

And Guitar Center (NASDAQ:GTRC) picked up a gain of $4.04. The company says its 2004 earnings could be as high as $1.93, and that's well up from the average Wall Street estimate of $1.79 a share.

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.

01/03/03: Market Stats

                  
                                      NET    PERCENT
                         CLOSE     CHANGE     CHANGE
DOW CLOSE              9862.68     -68.14       - .7
HIGH                                         9923.42
LOW                                          9846.31

NASDAQ COMP.           1937.82     -30.98       -1.6
HIGH                                         1960.39
LOW                                          1935.58

VOLUME                                       1,228.6
PREVIOUS                                     1,470.7
UP VOLUME                                      370.1
DOWN VOLUME                                    830.3

DOW TRANSPORTS         2910.58     -27.44       - .9
DOW UTILITIES           253.81       +.29       + .1
CLOSING TICK                                     +76

S&P 500                1061.50      -8.22       - .8
S&P 100                 523.51      -4.05       - .8
MIDCAP 400              562.29      -4.97       - .9
REUTERS/CRB             257.54       -.85       - .3

NYSE COMPOSITE         6122.89     -31.01       - .5
VALUE LINE              348.47      -2.75      -0.78
RUSSELL 2000            539.01      -5.14      -0.94
WILSHIRE 5000          10352.6     -79.36      -0.76

U.S. TREASURIES
5-YEAR NOTE 3.375%
Nov. 15,2008         100 23/32     +26/32       3.21

10-YEAR NOTE 4.25%
Nov. 15,2013         100  4/32    +1 2/32       4.23

30-YEAR NOTE 5.375%
Feb. 15, 2031        104 17/32   +1 16/32       5.07

LEHMAN BROS.
LONG BOND INDEX        1734.78     +25.05


DOW CLOSE              9862.68     -68.14       - .7
ADVANCES                                        1437
DECLINES                                        1787
NEW HIGHS                                        212
NEW LOWS                                           2

                                      NET    PERCENT
NYSE MOST ACTIVES    4PM CLOSE     CHANGE     CHANGE
L      Liberty Media     10.52       -.26       -2.4
S      Sears Roebuck     48.96      -3.63       -6.9
AWE    AT&T Wireless      7.27       -.02        -.3
WMT    Wal-Mart Stores   53.48       +.46        +.9
TXN    Texas Instrument  28.36       -.78       -2.7
LU     Lucent Tech        3.05       -.04       -1.3
MOT    Motorola          13.35       -.02        -.2
GE     GE                29.10       -.05        -.2
PFE    Pfizer            34.20       -.17        -.5
NOK    Nokia             18.07       -.38       -2.1

NASDAQ CLOSE           1937.82    - 30.98      - 1.6
VOLUME                                       1,671.8
PREVIOUS                                     2,117.7
ADVANCES                                        1080
DECLINES                                        2063

NASDAQ ACTIVES
MSFT   Microsoft         25.98       -.22        -.8
INTC   Intel             32.10      -1.44       -4.3
CSCO   Cisco Systems     23.75       -.23       -1.0
JBLU   Jetblue Airways   25.86      -5.52      -17.6
CECO   Career Education  38.45      +1.91       +5.2
QCOM   Qualcomm          49.48       +.38        +.8
SNDK   Sandisk           64.35      -4.06       -5.9
APOL   Apollo Group      66.49      -2.61       -3.8
MEDI   MedImmune         27.04      +1.64       +6.5
AMGN   Amgen             58.30      -1.31       -2.2

AMEX CLOSE             1118.56     + 4.68       + .4

INDEX SHARES
DIA    DIAMONDS TRUST    98.80       -.65        -.7
QQQ    NASDAQ 100        35.04       -.62       -1.7
SPY    S&P DEP.RECEIPTS 106.82       -.78        -.7

STOCKS IN THE NEWS
CAT    Caterpillar       76.50      +1.56       +2.1
MEE    Massey Energy     16.70      +1.51       +9.9
AU     Anglogold Ltd     48.94      +1.29       +2.7
DV     DeVry             25.51      -1.58       -5.8
TGN    Texas Genco       29.60      -2.35       -7.4
TRI    Triad Hospitals   33.61      +1.51       +4.7
HRL    Hormel Foods      26.47       -.66       -2.4
RMD    Resmed            41.31      +1.11       +2.8
ESL    Esterline Tech    24.85      +1.00       +4.2
AAI    Airtran Holdings  12.05      -1.32       -9.9
AWA    America West      11.91      -1.88      -13.6
LUV    Southwest Air     15.59      -1.01       -6.1
GTRC   Guitar Center     32.76      +4.04      +14.1