Program: Friday, December 12, 2003
Treasury Secretary John Snow's Playful Way Of Encouraging The Economy
President Bush Lays Down The Law About The Haliburton Audit
The True Value of CAFTA
Sony Works To Revamp & Rebuild Its Reputation
"Market
Monitor"-Eugene Peroni, Jr., Sr. Managing Director, Claymore Securities
Paul Kangas' Stocks In The News
Market Stats
12/12/03: Treasury Secretary John Snow's Playful Way Of Encouraging The Economy
PAUL KANGAS: A mixed bag of news on the economy today left investors wondering whether the
recovery is for real. The most unsettling data came from the University of
Michigan, as its preliminary Consumer Sentiment Index dropped to 89.6 in
December, from 93.7 last month. That drop has experts worrying that consumer
spending, a mainstay of the economy, may be dropping off. But consumers won`t
have to worry about inflation. Producer prices fell 0.3 percent in November.
Economists had predicted a small rise.
And consumer spending took center stage in Times Square today, as
Treasury Secretary John Snow went to the Manhattan Toys R Us. While Christmas
shopping was on Snow`s agenda, the Secretary was also talking up the economy.
Erika Miller reports.
ERIKA MILLER, NIGHTLY BUSINESS REPORT CORRESPONDENT: Treasury Secretary John
Snow did his part for holiday spending today: buying $200 in gifts for his
grandchildren at the Toys R Us flagship store in New York City. He toured the
store with Toys R Us (TOY) Chairman John Eyler and said the visit makes him
more optimistic about spending this season.
JOHN SNOW, TREASURY SECRETARY: As the American consumers see what`s available
to them, the wide array of choices, the quality of the choices and the prices
that are available to them, we`re going to have a good retail season.
MILLER: Snow`s upbeat assessment was echoed by Toys R Us Chairman John Eyler.
Although he would not discuss specific figures for Toys R Us, Eyler says
several factors make him optimistic.
JOHN EYLER, CHAIRMAN, TOYS R US: Well, I think some of the better economic
news, the better stock market news, the better employment news, consumer
confidence seems to be a little better. And I noticed some pretty full carts
when we observed people shopping. So I think there`s a chance that when it`s
all accounted for, that this will be pretty good.
MILLER: The National Retail Federation estimates that overall, holiday sales
will be up by 5.7 percent, their best showing since 1999. And the
organization`s President dismisses comparisons to last year, when sales started
out strong, but ended weak.
TRACY MULLIN, PRESIDENT, NATIONAL RETAIL FEDERATION: We think that happened
last year because consumers were very fearful about the impending war with
Iraq. We don`t have that this year, so we are very optimistic that things are
going to continue to perform well and that we`ll have a good holiday in the
final analysis.
MILLER: So what do retailers like Toys R Us say is the biggest risk to sales
this season? It`s the weather. They say another major snowstorm that
discourages people from shopping for several days could devastate sales.
Erika Miller, 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.
12/12/03:
President Bush Lays Down The Law About The Haliburton Audit
JEFF YASTINE: Well, fresh controversy for Halliburton (HAL), the company once run by
vice President Dick Cheney. President Bush today commented on a Pentagon audit
of Halliburton`s work in Iraq, saying if the audit`s findings are correct, he
expects the company to get out its checkbook. That audit released yesterday
shows Halliburton overcharged the government $61 million on gasoline deliveries
in Iraq. Halliburton said it welcomes the Pentagon audit and pledged to work
with all government agencies on its contracts.
President Bush also stressed that he wants taxpayer money spent wisely in Iraq
and elsewhere.
GEORGE W. BUSH, PRESIDENT OF THE UNITED STATES: My thoughts are is that I
expect anybody doing business with the United States government to be
transparent and to give the taxpayers a good return on their money. That`s what
I expect. And if anybody is overcharging the government, we expect them to
repay that money.
YASTINE: Despite the Pentagon audit, the Army Corps of Engineers says
Halliburton is still eligible for Iraq contracts.
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.
12/12/03: The True Value of CAFTA
PAUL KANGAS: Trade ministers from five Central American nations will be working
through the weekend towards a free trade agreement with the United States.
Tough negotiations are expected on the Central American Free Trade Agreement,
or CAFTA.
And as Darren Gersh reports, if a final deal is reached, it will be a tough
sell in an election year.
DARREN GERSH, NIGHTLY BUSINESS REPORT CORRESPONDENT: The trade ministers of
Nicaragua, El Salvador, Costa Rica, Honduras and Guatemala represent countries
that together have a smaller economy than Chile. Still, the Bush administration
is pushing hard to get them to sign on to the Central American Free Trade
Agreement, known as CAFTA.
RIORDAN ROETT, SCHOOL OF ADVANCED & INTERNATIONAL STUDIES: To get the tiny five
Central American countries on board for some kind of free trade agreement would
indicate that the Bush White House can say to the world, you see, we really are
for free trade, in spite of agricultural subsidies, steel subsidies and those
kinds of things.
GERSH: With world trade talks going nowhere and the Free Trade Agreement of the
Americas bogged down, the Bush administration badly wants a win on trade. But
even this small deal faces tough opposition. Human rights and labor groups call
working conditions in Central America atrocious and believe this is one trade
fight they can win.
THEA LEE, CHIEF INTL. ECONOMIST, AFL-CIO: We think the Bush trade agenda has
been bad for jobs here in the United States. It`s been bad for workers` rights
around the globe and that the CAFTA agreement, coming in the middle of an
election year at a time when the Bush job record is abysmal, will be
particularly vulnerable to those charges.
GERSH: Even some Republicans are warning they will oppose a deal that exposes
U.S. sugar interests to a flood of competition from Central America. And
American textile manufacturers are split. The industry is demanding that CAFTA
help garment makers who use cloth and materials made in the USA. U.S. business
groups admit the trade deal will be a tough sell, but they argue a strong CAFTA
could help textile producers worried about competition from China.
DANIEL CHRISTMAN, U.S. CHAMBER OF COMMERCE: The way to counter that is to
integrate the textile markets with the countries of Central America and the
U.S. in terms of fabrication, retailing, wholesaling. It`s best done
integrated. That`s the way one counters competition from the East.
GERSH: U.S. trade officials hope to strike a CAFTA deal by next week, which
would be near the 10 year anniversary of the much larger NAFTA agreement. But
over the last decade, one change is clear -- it`s now much harder to sell free
trade agreements to a skeptical Congress. 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.
12/12/03: Sony Works To Revamp & Rebuild Its Reputation
JEFF YASTINE: The Sony brand used to be worth its
weight in Walkmans and video players. But after a disastrous 2003, the consumer
electronics company is drastically downsizing and pursuing new sources of
profit.
Lucy Craft reports from Tokyo.
LUCY CRAFT, NIGHTLY BUSINESS REPORT CORRESPONDENT: Sony (SNE) showcases its top
of the line hardware like rare jewels, with price tags to match. A secret agent
style camera in a briefcase retails for $3,000. This home theatre system? Forty
thousand bucks. And a futuristic CD player, which seems to suspend disks on
air, will set you back almost 14 grand. That`s if you can get one. Each custom
built gadget carries a waiting list and is sold only in Japan.
Off limits to most consumers, the ultra exclusive quality line isn`t meant to
make money. Instead, it`s a bid to reestablish Sony`s cutting edge bonafides in
a world of discount electronics that increasingly resemble those made by the
Japanese. Building the ultimate gadget is also meant to boost morale among
Sony`s celebrated but now embattled engineers.
KEI SAKAGUCHI, CORPORATE PUBLIC RELATIONS, SONY: They are encouraged to come up
with innovative unique ideas without paying much attention to the cost or
technological limitations.
CRAFT: Some analysts contend the $60 billion home electronics firm, which
belatedly entered the digital era, still is the brand to beat in higher end
gadgetry.
EIICHI KATAYAMA, SR. ANALYST, NOMURA SECURITIES: Even now, I do believe Sony`s
differentiation is really, really strong, especially quality of picture. Why do
people want to buy the Sony product at the very high price? Because of quality.
CRAFT: But even partisans concede Sony operates from an uncharacteristic
position of weakness, because for key components like plasma displays, it must
rely on outside suppliers. As audio and video become commoditized, detractors
argue there`s no longer any reason to pay more for a Sony.
NOBUAKI MURAYAMA, CIGNA INTL. INVESTMENT ADVISORS: Sony used to create their
brand by developing their own technology, like Trinitron or a transistor radio,
to create their premium brand. But now, they lack the key devices. So they
cannot create a premium brand anymore.
CRAFT: Sony vows to recapture the world`s living rooms by 2006, when the
majority of homes are set to be wired for fast Internet and digital
entertainment. But it must spend big to develop alluring high end hardware at a
time when product cycles and profit margins are shrinking. Sony says its end of
the year holiday sales have been robust and they promise to announce strong
third quarter results next January. But analysts say the good results reflect
the global recovery and that the jury`s still out on whether the legendary Sony
can recharge its hit machine. Lucy Craft, NIGHTLY BUSINESS REPORT, Tokyo.
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.
12/12/03: "Market Monitor"-Eugene
Peroni, Jr., Sr. Managing Director, Claymore Securities
PAUL KANGAS: My guest market monitor this week is Eugene Peroni, Jr., the Senior
Managing Director at Claymore Securities.
And welcome back to NIGHTLY BUSINESS REPORT, Gene.
EUGENE PERONI, JR., SENIOR MANAGING DIRECTOR, CLAYMORE SECURITIES: Nice to be
back, Paul. Thank you.
KANGAS: Good to see you. As an analyst who bases 90 percent of investment decisions on the technical
behavior of a stock or the market in general, how much significance did
yesterday`s push above the Dow 10,000 level have in shaping your investment
outlook?
PERONI: Well, I think it confirms my outlook, which has been positive. But what
found most , Paul, was that the market spent time consolidating below 10,000.
So I think that we can continue to move above 10,000 and I think
psychologically that`ll put out some pretty good signs for those that have been
waiting for some confirmation of the recovery from the March lows.
KANGAS: Well, here we are the second day in a row above 10,000. Where is the
resistance, the major resistance?
PERONI: Well, the next stage of resistance, I would say, would be around
10,200. But, again, that`s intermediate. The next significant resistance will
probably be very near the next millennium mark, around 111,000, which I think
we`ll reach some time next year.
KANGAS: Now, you base the other 10 percent of your investment decisions, no
doubt, on fundamentals. How do they look to you now?
PERONI: Well, they look quite good. What I find encouraging about this market
is that it is not selling off into the good news. So the market didn`t sell off
when we got the strong GDP numbers for the third quarter. It didn`t sell off
when we got the recent strong productivity and manufacturing data. So to me
that indicates that the news that we`re reading about today still doesn`t tell
the whole story or the full potential of the economic revival going forward.
And I think that`s very encouraging for the stock market.
KANGAS: Well, you were quite bullish on your last visit with us July 3 of this
year. The Dow was around 9,070 and you said it might encounter a little
resistance around 9,700, which it did. But you were bullish for the long-term,
and correctly so.
Back on that July 3 date, you recommended some stocks. Let`s have a look at how
they`ve done since then. eBay (EBAY) was one of your picks at $55. Now it`s
well over $57. So that`s a winner. Gilead , however, at $58
went to $70, now it`s back to $56. Do you still like it?
PERONI: I do. At these levels, I think it`s very attractive.
KANGAS: And how about...
PERONI: The biotech group is very volatile.
KANGAS: And eBay? You still like that?
PERONI: Yes, I do.
KANGAS: OK. Let`s have a look at the other two stocks that you recommended back
in July. Toro Company is nicely higher, from $41 up to $46 and a fraction. And
the real big winner was Harman International , from $40 to
almost $72. Congratulations on that one specifically.
PERONI: Thank you very much, Paul.
KANGAS: Do you still like all of them?
PERONI: I do.
KANGAS: Do you own them?
PERONI: No, I don`t.
KANGAS: OK. How about some new recommendations for viewers now?
PERONI: Well, we just came out with our new top 10 picks for 2004. And some of
those stocks are Apache (APA) in the...
KANGAS: Yes, we have it up on the chart here.
PERONI: That`s an...
KANGAS: And it looks like it`s had a pretty good run already.
PERONI: It has, but I think that this group continues to move higher, the oil
and gas explorer group.
KANGAS: OK.
PERONI: Johnson Controls and Manufacturing (JCI), with a focus on automotive
parts and supplies, I think continues to look very good here going forward. It
has had a good move, but we think that the best short-term movers in this
market will be the best long-term leaders. Progressive Corps (PGR) in the
property and casualty insurance area looks attractive, as to do other stocks in
that same category.
KANGAS: All right. And I think it`s Time Warner (TWX) coming up here, and that
was the volume leader on the big board today.
PERONI: Yes, and it looks very good. This is our pick for a significant
turnaround in 2004. By the way, I do own this personally. It is one of the top
10 picks, as I mentioned, for 2004. We think that the media stocks, the
advertising stocks, stand to do very well in 2004 based on a recovering
economy, an Olympic year, an election year. I think all that`s going to play
very positively.
KANGAS: One more you like that we have a chart on, I believe, Wilson Greatbatch
(GB).
PERONI: Yes. Wilson Greatbatch is a technology company that makes parts and
batteries for implantable medical devices.
KANGAS: Ah, that`s a very burgeoning field these days, is it not?
PERONI: It is.
KANGAS: Yes.
PERONI: And that stuff is...
KANGAS: Now, you said you have 10. We just have 30 seconds. What are the other
five? We don`t have time for charts on them. Go ahead.
PERONI: In health care we have C.R. Bard (BCR).
KANGAS: Right.
PERONI: In technology, we have Nam Tai Electronics (NTE). Omnicom (OMC), one of
larger advertising agencies. SPX Corps (SPW) in manufacturing. And in medical
devices, Zimmer Holdings (ZMH), which was the spin-off of Bristol-Myers (BMY)
several years ago.
KANGAS: All right. OK. So you`ve got a load of them and we`ll keep an eye on
them, Gene. Good to see you and we`ll look forward to your next visit.
PERONI: My pleasure, Paul. And best wishes for the holidays.
KANGAS: And the same to you. My guest, Gene Peroni, Jr. of Claymore Securities.
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.
12/11/03:
"Paul Kangas' Stocks In The News"
PAUL KANGAS: Wall Street got an early boost from the decline in producer prices, as
the Dow rose 16 points and the NASDAQ rose 6 points at the outset of trading.
But the market sold off on the release of that unexpected drop in the
University of Michigan`s Consumer Sentiment Index, which occurred at 9:45 a.m.
The Dow was soon down 28 points and the NASDAQ off 10.
The confidence built up on Wall Street by yesterday`s thrust above Dow 10,000
helped the blue chips recover and the buying gradually spread over into the
NASDAQ market.
At midday, the Dow was up 21 points and the NASDAQ was off just a fraction.
A modest blue chip rally persisted this afternoon and that helped firm up the
NASDAQ market, as well. The Dow Industrial average closed up 34 points exactly,
at 10,042.16. This week the Dow fell twice, rose three times, had a net gain of
179 1/2 points, or 1.8 percent.
The NASDAQ Composite rose 6 2/3 points, to 1,949 today. It also fell twice and
rose three times this week, but it gained only 11.18 points.
The Standard & Poor`s 500 advanced 2.93 today, closing at 1,074.14.
In the bond market, the 10-year note dipped two ticks, to par and 2/32, putting
the yield at 4.24 percent.
The big board volume leader on 24.2 million shares, Time Warner (TWX), moving
up $0.69. Cablevision`s (CVC) chief executive officer didn`t rule out the sale
of his company and analysts think that Time Warner could be interested in
buying it.
General Electric (GE), second in volume, down $0.29.
Followed by Lucent (LU), a $0.03 loss there.
And then a new issue. International Steel Group (ISG) had a big first day. Now,
this is a new steel company formed by the combination of LTV Corp., Bethlehem
Steel and Acme. 16.5 million shares offered in an IPO priced at $28, opened at
$33.50 and the high of the day $35.75.
Concord EFS (CE) moved up $0.65 after gaining $1.38 yesterday on the growing
belief that First Data Corp. just might acquire it.
Tyco (TYC) up $0.54.
AT&T Wireless (AWE) dropped a $0.10.
AT&T (T), a $0.64 loss there.
Texas Instruments (TXN) was up $0.12.
Tenth in big board volume, SBC Communications (SBC) fell $0.24 a share.
Johnson & Johnson (JNJ) down $0.71. The company`s Ortho McNeil unit has been
subpoenaed by the U.S. attorney`s office in Boston for documents related to the
sales and marketing of JNJ`s Topamax anti-epilepsy drug.
Another Dow stock, United Tech (UTX), had a good day, the best gainer in the
Dow, up $2.33. The company reaffirmed 2003 earnings estimate at $4.65 a share
and said next year the company should earn $5, to $5.30 a share on a 10 percent
rise in revenues.
Sony Corp.`s (SNE) ADRs edged up $0.08. The company plans to merge its music
business with the German firm Bertelsmann. We`ll have more on Sony coming up,
incidentally.
And then Halliburton (HAL) down, or up $0.77. Morgan Stanley actually upgraded
it from "equal weight" to "over weight" despite these charges of over charges
you just heard about.
Getty Images (GYI) up $4.75. This company has a huge photo or imagery archive
and it increased its 2004 earnings guidance from the Street estimate of $1.30
to as much as $1.50 a share.
Stewart & Stevenson Services (SVC) was up $1.52. The company is going to get
from DaimlerChrysler (DCX) the exclusive rights to market the Mercedes Benz
military G Wagen vehicles to the U.S. government. A nice move there.
On the down side, Technitrol (TNL) fell $2.91. The company sees 2004 earnings
at $0.83 a share. The Street estimate was $0.88 a share.
And Mykrolis (MYK) up $1.85. After the close yesterday, the company forecast
fourth quarter earnings at $0.06 to $0.10. That`s well above the Wall Street
estimate of only $0.02, so the stock reacted positively.
And a new offering today, another one, Compass Minerals (CMP). This company
makes rock salt used to melt ice and snow on roads. 14 1/2 million shares
offered at $13, opened at $13, the high of the day was $14.18. It just moved up
$0.75 from the offering price.
Intel (INTC) topped the active list, down a $0.05.
Microsoft (MSFT) gained $0.04.
Dell Computer (DELL) down $0.41.
A $0.16 rise for Cisco (CSCO).
And the same story with Applied Materials (AMAT), fifth in NASDAQ volume.
Amgen (AMGN) up $0.69.
Qualcomm (QCOM), an $0.86 gain.
eBay (EBAY) was up $0.29.
A $0.99 rise for Comcast A (CMCSA).
And Adobe Systems (ADBE) up $0.42, tenth in Nasdaq dollar volume.
Central Freight Lines (CENF) went public today. It`s a trucking company. 8.5
million shares offered at $15, opened at $16.20, the high of the day $17.42,
closed very close to the high.
And then we see Verity Corporation (VRTY) rising $2.47. The company in with
second quarter earnings of $0.09 versus $0.07 last year. Sales were up a
respectable 26 percent. The company sees third quarter rising to as much as
$0.13. The Street estimate is only a $0.10 a share.
And over on the American Exchange, GA Financial (GAF), a savings and loan
company based in Pennsylvania, will be taken over by First Commonwealth
Financial for $35 a share in cash or the equivalent in First Commonwealth
stock.
And those are the stocks in the news.
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.
12/12/03:
Market Stats
NET PERCENT
CLOSE CHANGE CHANGE
DOW CLOSE 10042.16 +34.00 + .3
HIGH 10052.07
LOW 9976.79
NASDAQ COMP. 1949.00 +6.68 +.3
HIGH 1949.02
LOW 1931.10
VOLUME 1,207.6
PREVIOUS 1,443.0
UP VOLUME 774.7
DOWN VOLUME 420.2
DOW TRANSPORTS 2983.41 +17.51 + .6
DOW UTILITIES 254.25 +.12 + .1
CLOSING TICK +962
S&P 500 1074.14 +2.93 + .3
S&P 100 531.78 +1.62 + .3
MIDCAP 400 565.84 +1.37 + .2
REUTERS/CRB 262.44 +3.35 + 1.3
NYSE COMPOSITE 6196.29 +19.44 + .3
VALUE LINE 352.98 +1.81 0.52
RUSSELL 2000 547.59 +4.67 0.86
WILSHIRE 5000 10464.48 +33.94 0.33
U.S. TREASURIES
5-YEAR NOTE 3.375%
Nov. 15,2008 100 23/32 -2/32 3.22
10-YEAR NOTE 4.25%
Nov. 15,2013 100 2/32 -2/32 4.24
30-YEAR NOTE 5.375%
Feb. 15, 2031 104 4/32 +6/32 5.09
LEHMAN BROS.
LONG BOND INDEX 1725.88 -1.03
DOW CLOSE 10042.16 +34.00 + .3
ADVANCES 2160
DECLINES 1127
NEW HIGHS 343
NEW LOWS 11
NET PERCENT
NYSE MOST ACTIVES 4PM CLOSE CHANGE CHANGE
TWX Time Warner 17.47 +.69 +4.1
GE GE 30.11 -.29 -1.0
LU Lucent Tech 2.91 -.03 -1.0
ISG Intl Steel Grp 35.20 +7.20 +25.7
CE Concord EFS 13.50 +.65 +5.1
TYC Tyco Intl 25.47 +.54 +2.2
AWE AT&T Wireless 7.13 -.10 -1.4
T AT&T Corp 18.98 -.64 -3.3
TXN Texas Instrument 28.72 +.12 +.4
SBC SBC Comms 24.56 -.24 -1.0
NASDAQ CLOSE 1949.00 + 6.68 + .3
VOLUME 1,461.7
PREVIOUS 1,810.5
ADVANCES 1945
DECLINES 1164
NASDAQ ACTIVES
INTC Intel 30.86 -.05 -.2
MSFT Microsoft 26.65 +.04 +.2
DELL Dell Inc 33.80 -.41 -1.2
CSCO Cisco Systems 24.09 +.16 +.7
AMAT Applied Matl 22.42 +.16 +.7
AMGN Amgen 59.43 +.69 +1.2
QCOM Qualcomm 51.00 +.86 +1.7
EBAY eBay 57.68 +.29 +.5
CMCSK Comcast Sp A 30.15 +.09 +.3
ADBE Adobe Sys 40.20 +.42 +1.1
AMEX CLOSE 1126.21 + 5.72 + .5
INDEX SHARES
DIA DIAMONDS TRUST 100.63 +.25 +.3
QQQ NASDAQ 100 35.24 -.06 -.2
SPY S&P DEP.RECEIPTS 108.14 +.18 +.2
STOCKS IN THE NEWS
JNJ Johnson &Johnn 49.39 -.71 -1.4
UTX United Tech 91.60 +2.33 +2.6
SNE Sony Corp 33.27 +.08 +.2
HAL Halliburton Co 25.46 +.77 +3.1
GYI Getty Images 48.76 +4.75 +10.8
SVC Stewart &Steven 14.60 +1.52 +11.6
TNL Technitrol 20.78 -2.91 -12.3
MYK Mykrolis 16.40 +1.85 +12.7
CMP Compass Minerals 13.75 +.75 +5.8
CENF Central Freight 17.35 +2.35 +15.7
VRTY Verity 16.76 +2.47 +17.3
GAF GA Financial 34.50 +5.70 +19.8