Program: Friday, December 26, 2003

Retailers Create Valuable Shopportunities For Bargain Hunters
Cattle Futures Are Tainted By Mad Cow Disease
Hong Kong In Hock
Market Monitor- Kevin Lane, Chief Market Strategist for Redwood Technimentals Research
Commentary: Who Is China Premier Wen Jiabao?
Paul Kangas' Stocks In The News
Market Stats

12/26/03: Retailers Create Valuable Shopportunities For Bargain Hunters

SUSIE GHARIB: On this day after Christmas, a busy day in shopping malls all across the country. And those large crowds are giving retailers hope that after Christmas spending will salvage the holiday season. Besides sales driven by traditional deep markdowns, retailers might get an extra boost from shoppers cashing in gift cards. Erika Miller reports.

ERIKA MILLER, NIGHTLY BUSINESS REPORT CORRESPONDENT: Hordes of shoppers flocked to the stores today to take advantage of after Christmas sales, exchange unwanted presents and redeem gift cards. Many retailers are hoping a huge after Christmas buying spree will help save the season.

WALTER LOEB, RETAIL ANALYST, LOEB ASSOCIATES: We've had a relatively weak Christmas season. First, of course, we had the snowstorms two weekends in a row, at least in the East and the Midwest. And then we had the rainstorm the following weekend. So as a result of it, sales have been affected by weather.

MILLER: Retail analysts predict holiday sales will be up modestly over last year. The International Council of Shopping Centers predicts holiday sales will come in just shy of its four percent growth forecast. But that would still be the biggest gain since 1999. Luxury stores like Saks (SKS) and Tiffany (TTF) have been the big winners this year, as a recovering economy and stock market have encouraged people to splurge. Meanwhile, discounters like Wal-Mart (WMT) have been disappointed. The chain said today December same store sales are still tracking at the low end of its three to five percent growth target. For many other retailers, this next week could save the season. The seven days after Christmas typically account for 10 to 12 percent of holiday sales and experts say that percentage could be even higher this year due to a huge increase in gift card purchases.

DEBORAH WEINSWIG, RETAIL ANALYST, SMITH BARNEY: Last year we had, you know, assumed that about, you know, kind of five percent of holiday purchases would be gift cards. And this year we're actually estimating it's 10 percent. So we believe there's been a significant pickup in terms of gift card sales.

MILLER: Stores do not record gift card sales as revenue until the cards are actually used. Plus, retailers say shoppers tend to spend more than the face value of the cards, further boosting revenues. Consumers typically redeem 70 percent of their card values by the end of January. So, for many stores, holiday cheer may come long after Christmas decorations have been taken down. 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.

12/26/03: Cattle Futures Are Tainted By Mad Cow Disease

SUSIE GHARIB:The Agriculture Department today quarantined two calves born from a cow with mad cow disease. Yesterday, British scientists confirmed that dairy cow from Washington State was infected, making it the first known case of mad cow disease in the U.S. The situation is causing cattle futures in the commodity markets to continue to sell-off and the beef industry to head off a possible crisis of confidence. Darren Gersh reports.

DARREN GERSH, NIGHTLY BUSINESS REPORT CORRESPONDENT: On Wednesday, the Chicago Mercantile Exchange had taken the unusual step of doubling to $0.03 a pound the maximum one day drop allowed for trading in cattle futures. And to almost no one's surprise, prices this morning hit that limit. With no signs the market has found a bottom, pressure is growing for tougher regulation of the nation's beef industry.

PETER LAURIE, DEPUTY DIRECTOR, HEALTH RESEARCH GROUP, PUBLIC CITIZEN: Up until this point, we haven't done that much testing. I think that might have been appropriate given the fact that we, until this point, did not have a case of mad cow disease. But now, with this new case, I think we need to reevaluate that whole system.

GERSH: Now that scientists have confirmed a Washington State dairy cow is the first case of mad cow disease in the United States, consumer groups say it is time to test all so-called downer cattle before they are slaughtered. Downer cattle, including the diseased cow in question, are unable to walk. In a turnaround, the nation's cattlemen now agree and they say it's time to put in place an identification system to track animals from birth to slaughterhouse. Consumer advocates also want to ban advanced meat recovery systems used to strip beef left over on the neck and spinal column. Consumer groups say that technology could allow minute traces of infected tissue into the human food chain.

CAROLINE SMITH DEWAAL, FOOD SAFETY PROGRAM DIRECTOR, CSPI: This beef isn't required to be labeled, so consumers don't know whether they're buying it or not. It's critical that USDA put restrictions on these machines so that they cannot produce beef that contains central nervous system tissue.

GERSH: Advanced meat recovery systems produce just one half of one percent of the nine billion pounds of processed meat prepared each year. The meat industry says any decision must be based on a careful scientific analysis.

DAN MURPHY, PUBLIC AFFAIRS VICE PRESIDENT, AMERICAN MEAT INSTITUTE: We want to proceed cautiously and carefully before we rush into any bans of what is essentially a safe and wholesome product.

GERSH: USDA officials will be carrying that message to Japan and other Asian countries next week in an effort to reassure them the U.S. is acting responsibly to manage its first outbreak of mad cow disease. 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.

12/26/03: Hong Kong In Hock

SUSIE GHARIB: It would certainly be an unusual classified ad: for sale, one city with tall buildings and gorgeous harbor view. That city is Hong Kong. And while it might sound farfetched, reporter Bill Hartley says parts of the Asian city might soon be for sale.

BILL HARTLEY, NIGHTLY BUSINESS REPORT, CORRESPONDENT HONG KONG: Saddled with a roaring budget deficit and a bloated civil service, the Hong Kong government is talking about selling its crown jewels to the private sector -- the airport, a share of the Disneyworld being built on a nearby island, commercial office buildings and on down the line to rights to operate 100,000 parking spaces and seven 11 stores in low rent housing estates The estimated total so far, something over 100 billion Hong Kong dollars, or $13 billion U.S. And that is just the first step in privatizing vast holdings. How and when all this will be done is still to be worked out, but the government is serious about getting out of some businesses. Hong Kong recently unloaded on the debt market $80 million of civil servant housing loans and soon will issue $640 million in bonds backed by tolls paid in five tunnels. It also is looking at selling shares in the postal system, an ocean theme park, the wet markets where live animals and fish are sold and sewage operations, among many ventures all operated or supervised by government civil servants.

DAVID O'REAR, HONG KONG GENERAL CHAMBER OF COMMERCE: The goal is to reduce the size of government, to shrink the civil service and let the private sector have a chance to get out there and provide some of these services. Cutting spending is a terrific idea. There is an enormous deficit, running six, seven percent of GDP.

HARTLEY: Government is the landlord here. It owns and rents on 75 year leases every square inch of land, save for a small plot where the Anglican Cathedral stands. When projects such as cheap public housing were needed, city hall built and owned them. In the process, a huge bureaucracy grew in the housing authority. Hong Kong is not alone in Asia in privatizing. South Korea this year sold $5 billion of government assets. Even India is unloading state property. Investment bankers here are drooling. Rich mergers and initial public offerings have been declining. A run of asset sales would be a windfall.

STEPHEN BROWN, RESEARCH DIRECTOR, KIM ENG SECURITIES: They do have an awful lot of things to sell, mind you, after 150 years of sort of squirreling stuff away and expensing it every year. You know, you have the airport. You have the government printing operation. You know, you could sell the water supplies department.

HARTLEY: The privatization drive comes as the economy is recovering from a disastrous summer when an epidemic devastated the crucial tourism business. The city is looking now for around three percent growth this year. China, Hong Kong's owner, once insisted on tight control over government assets, but not now. It wants to see the city's financial health restored and if it takes privatization to do that, so be it. Bill Hartley, NIGHTLY BUSINESS REPORT, Hong Kong.

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.

12/26/03: Market Monitor- Kevin Lane, Chief Market Strategist for Redwood Technimentals Research

SUSIE GHARIB: Our market monitor guest tonight is Kevin Lane, Chief Market Strategist for Redwood Technimentals Research. He joins us now from Boston. Hi, Kevin.

KEVIN LANE, REDWOOD TECHNIMENTALS RESEARCH GROUP: Hi. How are you?

GHARIB: I'm fine, thank you. Well, let's begin with your outlook for 2004. I understand most of your firm focuses on technical analysis. So what are your technical indicators telling you about the new year?

LANE: Well, we really look at four things. We look at market momentum, market breadth, we look at trend and we look at sentiment. And about seven months ago, all those factors were very bullish. As the rally is, you know, particularly intact and has really become robust, a lot of those indicators have sort of fallen off the wayside and really we still have a positive price trend in the market, but market breadth, in other words, the amount of stocks making 52 week highs, the number of stocks trading above average, volume on the up side, you know, are starting to decline. So it would suggest that under the market, you know, things are starting to break down a little. Things such as sentiment show that seven months ago when people were extremely bearish was the right time to buy. Now people are coming more decidedly bullish, which would suggest that, you know, maybe they're already fully invested and that future liquidity, you know, is already in the market and there really isn't much left to drive it too much further here.

GHARIB: So how much of a market correction do you see?

LANE: Well, I think it would be, you know, somewhere in the nature of five to 10 percent. Nothing aggressive. I mean the economy is still strong. We think growth in the economy will taper off this year versus last year's robust growth. You know, but given that and given the advance we've had off the lows, we generally think, you know, a lot of the easy money has been made and this will move up.

GHARIB: And how long will this correction last?

LANE: You know, it's something that probably would, you know, correct itself in one to three months. And, you know, if history is any barometer, typically in presidential election cycles, the first five months of a presidential election year, which would be this year, tend to be flat to down. And then as you come closer and closer to the election, the market really starts to pick up some steam. So, you know, we think it would probably be a 10 percent correction, probably a good buying opportunity again for another leg up until the end of the year.

GHARIB: Kevin, let's talk about some of the stocks that you recommended the last time that you were on our program, which was in the summertime, in June.

LANE: Sure.

GHARIB: The first one was Odyssey Healthcare (ODSY). It was $21.73 back in June. It peaked at $37 in early December and today it's at the $28 level. Are you still holding that stock?

LANE: No, we're not. Adjusted for splits. There was a three for two split there. It achieved our $55 price target so we thought that, you know, the price had run ahead of the fundamentals and we suggested to our institutional customers, you know, that much of the exuberance was baked into the stock price and we had suggested to sell it up there.

GHARIB: How about Western Digital (WDC)? There again, in June, last June it was $11.33. It got up to about $15 in October. Now it's back down to the $11 level. What's your take on that?

LANE: Yes, we're still recommending Western Digital. It did really good close to our price target, which was just slightly above $15. It's really a growth industry, less tied to the PC cycle than it used to be with the growth of PDAs and things like the Xbox and Apple (AAPL) iPod. It's really a growth business and, you know, we think the recent acquisition they made is going to be accretive also and help their cost structure. So we think that's something that can still achieve our price objective from present levels.

GHARIB: How about some new recommendations? What can you tell us about?

LANE: Sure, we're really bullish on natural gas right now. We think that supplies are going to remain tight. We think that the outlook, you know, for the winter is going to be sort of a more severe one than we've seen of recent and that strong natural gas prices will be bullish for the sector. Chesapeake --

GHARIB: And the stock -- yes?

LANE: Yes, Chesapeake Energy (CHK) is the company we like there. We like it primarily, A, because of valuation, and B, because of the quality of its reserves. They've recently made some good acquisitions of reserves at good prices and they have a good replenishment cycle on reserve. So we think that Chesapeake could trade up towards $19 here.

GHARIB: Scientific Games (SGMS) is the other one on your list. Why do you like that one?

LANE: A real fast growing business, online lotteries. They run about two thirds of all lotteries in the United States, the infrastructure for them. They signed a recent accord with the Italian government, a high margin business. And we continue to think that there's going to be strong growth there.

GHARIB: Do you or your company own any of these two stocks?

LANE: We presently own both in terms of the company, Chesapeake and Scientific Games. And I own Scientific Games myself personally.

GHARIB: All right, good information.

Thank you very much, Kevin, for joining us.

LANE: Thank you. OK.

GHARIB: Our market monitor guest tonight, Kevin Lane, Chief Market Strategist for Redwood Technimentals Research.

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.

12/26/03: Commentary: Who Is China Premier Wen Jiabao?

SUSIE GHARIB: Tonight's commentator says the new Chinese premier is a savvy guy. Here's Barbara Hackman Franklin, President & CEO of Barbara Franklin Enterprises and former U.S. Secretary of Commerce.

BARBARA HACKMAN FRANKLIN, COMMENTARY: The premier of China, Wen Jiabao, visited the U.S. last week for the first time. I had the opportunity to meet him and was impressed by his intelligence, his smooth personal style and his instinct for retail politics. His public speeches were bland, stressing the interest of both countries to cooperate and not be divided by our differences. Taiwan was the one issue he was specific about: that China would not tolerate Taiwan's independence. President Bush, in turn, told Taiwan to back off and not rock the boat. This comment was precisely the prize Wen wanted to back to his constituents. However, the premier glossed over the economic issues that concern us, and this was disappointing. China is now our second largest trading partner, but we run a trade deficit that could reach $120 billion this year. U.S. businesses want China to deliver on its WTO market opening commitments, to enforce intellectual property protection and float its currency. U.S. government officials made these points to the premier in private, but this is not enough. Government and business people must keep pushing forcefully for China to make these changes. The Chinese have shown that they will make changes, but in their own way -- incrementally, not boldly. All the more reason to keep the economic and business concerns front and center. I'm Barbara Hackman Franklin.

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.

12/24/03: "Paul Kangas' Stocks In The News"

JEFF YASTINE: Well, a few investors were shopping for stocks today in a shortened session that ended at one o'clock Eastern time. The Dow made a quick 35 point run at the open on that somewhat -- despite that disappointing sales forecast from Wal-Mart. Volume for the whole on the market was anemic. The NASDAQ, likewise, saw a burst of buying, then faded through the rest of the session. A lot of the action today was in tiny micro companies that can be pushed around a lot by traders. The Dow closed up nearly 20 points, finishing at 10,324. For the four day trading week, the Dow rose three times and fell once, gaining about 46 1/2 points, or about a 1/2 percent. The NASDAQ ended with a nearly 4 point gain today, at 1,973. And for the week it, too, rose three times and fell once, gaining 22 points, or about 1.1 percent. And the S&P 500 ended the day up nearly 2, at 1,095.89. Bonds gained ground in thin trading on flight to safety buying over concerns about potential weekend terror events. The 10-year note closing up 9/32, to 100 25/32. That puts the yield at 4.15 percent.

And topping our list, Nokia (NOK), trading higher on the most actives, rising $0.04. Almost 7 1/2 million shares trading hands. Again, very light holiday volume today. Average daily volume on this stock is about 12 million shares.

Liberty Media (L) up $0.11.

McDonald's (MCD) getting a bit of a rebound, rising $0.13. The company continuing to stress that its beef supply chain is safe and has no connection to the situation in Washington State. And as Darren mentioned earlier, beef prices falling sharply, about $0.03 a pound in trading today at the Chicago Mercantile Exchange.

Lucent Technologies (LU) adding a $0.01.

Exxon Mobil (XOM) up $0.22.

G.E. (GE) falling $0.17.

Time Warner (TWX) gaining a $0.01.

Pfizer (PFE) was up $0.03.

Ford Motor (F) losing $0.02.

China Life Insurance (LFC) up about a $1.50. The company went public just about a week ago. It's China's largest life insurer.

Among our widely helds, Tyson Foods (TSN) off $0.31 as the mad cow fears continue to plague this meat producer. Also today, Morgan Stanley downgraded Tyson from "over weight" to "equal weight."

And here's a look at Outback Steakhouse (OSI), which rose $0.32, again, another rebound among some of the restaurant chains gaining ground after the Wednesday news on mad cow.

And there's another look at Wendy's International (WEN), the fast food chain up $0.20 after losing almost five percent on Wednesday.

Among our gainers, Oregon Steel (OS) one of the biggest gainers on the big board today, rising $0.98. Steel stocks have been rising for today and today was a big one. China, the world's largest consumer of steel, said it would eliminate import tariffs from the United States on five types of steel, apparently in response to the Bush administration's lifting of import quotas three weeks ago.

Let's look at some other stocks in the steel sector.

AK Steel Holdings (AKS) adding $0.19.

Nucor (NUE) gaining $1.09.

Wheeling Pittsburgh (WPSC) rising $3.

And Schnitzer Steel (SCHN) up about $2.75.

Grupo Imsa (IMY) rising $2 or almost 11 percent. The Mexican exporter had no news to account for today's rise in the stock.

And Videsh Sanchar Nigam (VSL), the big Indian telecom equipment maker, rising $0.63, or 10 1/2 percent. The Indian government says it will wrap up its residual stake sale in five Indian firms by March of next year, and that includes VSL.

And the holidays have been good for Chico's (CHS). The stock rising $0.98. The specialty women's apparel retailer saying December same store sales rising between 18 and 21 percent. So a great holiday season for that one.

On the down side, Metrogas (MGS), a Wednesday big gainer. The Argentine natural gas distributor being hit with some profit taking today, falling about 5 1/2 percent.

A look at the NASDAQs today, Sirrus Satellite Radio (SIRI) losing a $0.05. It inked a deal with BMW on the day before Christmas.

Internap Network Services (INAP) up $0.44.

Microsoft (MSFT) gaining $0.17.

Intel (INTC) gaining $0.28.

Sun Microsystems (SUNW) losing a $0.10.

Oracle (ORCL) adding $0.03.

VI Technologies (VTX) adding $0.11.

By the way, these are all by share volume, not normal dollar volume.

Emerge Interactive (EMRG) gaining $0.32. This is a maker of devices that can detect meat contaminates and technology to track individual animals.

Cisco Systems (CSCO) off $0.12.

Amazon (AMZN) gaining $0.15. Again, this is by share volume. The online retailer says this was its best holiday sales season ever, even setting a single day sales record during the period of about more than two million units ordered. That's about 24 items per second.

On the NASDAQ movers, speaking of strength in retailing, Sharper Image (SHRP) gaining nearly $2.50. The company says through December 24, its December same store sales were up 21 percent. The company boosted fourth quarter earnings guidance by $0.02 a share.

Cal-Maine (CALM), the big egg producer, rising over $3, or 10 percent. The company cites high protein diets like the Atkins diet for sharply increasing demand for eggs.

And on the down side, Biopure (BPUR) losing $0.39. That's about a 14 percent drop. The company says the SEC may recommend civil injunction proceedings against Biopure and its CEO for possibly misleading investors about its dealings with the FDA.

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.

12/26/03: Market Stats

   
                                      
                                      
                                      NET    PERCENT 
                         CLOSE     CHANGE     CHANGE 
DOW CLOSE             10324.67     +19.48       + .2 
HIGH                                        10343.04 
LOW                                         10304.82 

NASDAQ COMP.           1973.14      +3.91        +.2 
HIGH                                         1979.74 
LOW                                          1970.37 

VOLUME                                         357.8 
PREVIOUS                                       517.5 
UP VOLUME                                      240.5 
DOWN VOLUME                                    108.4 

DOW TRANSPORTS         2998.33      +8.18       + .3 
DOW UTILITIES           264.73       -.02       - .0 
CLOSING TICK                                     -12 

S&P 500                1095.89      +1.85       + .2 
S&P 100                 542.78       +.77       + .1 
MIDCAP 400              572.50       +.55       + .1 
REUTERS/CRB             256.37       +.31       + .1 

NYSE COMPOSITE         6364.34     +14.00       + .2 
VALUE LINE              359.17      +1.22       0.34 
RUSSELL 2000             554.9      +2.55       0.46 
WILSHIRE 5000         10659.44     +20.62       0.19 

U.S. TREASURIES 
5-YEAR NOTE 3.375% 
Nov. 15,2008         101  1/32      +6/32       3.15 

10-YEAR NOTE 4.25% 
Nov. 15,2013         100 25/32      +9/32       4.15 

30-YEAR NOTE 5.375% 
Feb. 15, 2031        105 30/32      +7/32       4.97 

LEHMAN BROS. 
LONG BOND INDEX        1749.03      +6.57 



DOW CLOSE             10324.67     +19.48       + .2 
ADVANCES                                        1983 
DECLINES                                        1084 
NEW HIGHS                                        333 
NEW LOWS                                          10 

                                      NET    PERCENT 
NYSE MOST ACTIVES    4PM CLOSE     CHANGE     CHANGE 
NOK   Nokia              16.69       +.04        +.2 
L     Liberty Media      11.73       +.11       +1.0 
MCD   McDonald's         24.09       +.13        +.5 
LU    Lucent Tech         2.84       +.01        +.4 
XOM   Exxon Mobil        40.05       +.22        +.6 
GE    GE                 30.72       -.17        -.6 
TWX   Time Warner        17.84       +.01        +.1 
PFE   Pfizer             34.75       +.03        +.1 
F     Ford Motor         16.18       -.02        -.1 
LFC   China Life Ins     32.01      +1.51       +5.0 

NASDAQ CLOSE           1973.14     + 3.91       + .2 
VOLUME                                         531.2 
PREVIOUS                                       643.7 
ADVANCES                                        1773 
DECLINES                                        1212 

NASDAQ ACTIVES 
SIRI  Sirius Sat Radi     2.35       -.05       -2.1 
INAP  Internap Netwk      2.59       +.44      +20.2 
MSFT  Microsoft          27.21       +.17        +.6 
INTC  Intel              31.36       +.28        +.9 
SUNW  Sun Microsys        4.38       -.10       -2.2 
ORCL  Oracle             13.00       +.03        +.2 
VITX  VI Technologies     1.33       +.11       +9.0 
EMRG  Emerge Interact     1.49       +.32      +27.4 
CSCO  Cisco Systems      23.75       -.12        -.5 
AMZN  Amazon.com         53.47       +.15        +.3 

AMEX CLOSE             1165.95     + 4.90       + .4 

INDEX SHARES 
DIA   DIAMONDS TRUST    103.25       +.05        +.1 
QQQ   NASDAQ 100         35.82       -.05        -.1 
SPY   S&P DEP.RECEIPTS  109.70       +.08        +.1 

STOCKS IN THE NEWS 
TSN   Tyson Foods        12.59       -.31       -2.4 
OSI   Outback Steakhse   42.72       +.32        +.8 
WEN   Wendy's Intl       37.99       +.20        +.5 
OS    Oregon Steel        5.52       +.98      +21.6 
AKS   AK Steel Hldg       5.43       +.19       +3.6 
NUE   Nucor              56.44      +1.09       +2.0 
WPSC  Wheeling Pitts     25.90      +3.00      +13.1 
SCHN  Schnitzer Steel    61.75      +2.72       +4.6 
IMY   Grupo Imsa         20.60      +2.00      +10.8 
VSL   Videsh Sanchar      6.65       +.63      +10.5 
CHS   Chico'S Fas        35.94       +.98       +2.8 
MGS   Metrogas            7.33       -.43       -5.5 
SHRP  Sharper Image      32.39      +2.42       +8.1 
CALM  Cal-Maine Foods    38.82      +3.69      +10.5 
BPUR  Biopure             2.43       -.39      -13.8