10/06/05:
Mall Retailers May Wind Up Paying The Price For Rising Gas Prices
SUSIE GHARIB: New data today showed that consumers are
spending less at the mall because they`re paying much more at the pump.
Sales at many of the nation`s major retailers fell in September as shoppers
turned to big discount stores to offset higher gasoline prices. Economists
say the trend could continue to pressure retailers and consumers right
through the holiday season. Scott Gurvey reports.
SCOTT GURVEY, NIGHTLY BUSINESS REPORT CORRESPONDENT: Higher gas
prices, two hurricanes and unusually warm weather all got the blame for
what was a mixed month for retail sales. Consumers apparently shopped for
necessities at the big box wholesale stores and skipped the higher priced
items. Costco sells lots of gasoline, so higher fuel prices helped it
report an 11 percent increase in same store sales. Target said sales rose
5.6 percent, while Wal-Mart posted a 3.8 percent increase and noted high
demand for supplies such as bottled water and batteries. Deutsche Bank owns
shares of Wal-Mart and Target and does business with Wal-Mart.
BILL DREHER, RETAIL ANALYST, DEUTSCHE BANK: Target is benefiting from
high end consumers trading down whereas Wal-Mart may not benefit as much
from that. But overall the discount sector as a group is gaining market
share from other avenues, whether is be from the smaller apparel retailers
or be it from the smaller food and drug retailers.
GURVEY: Sales at department stores were mixed based in part on
location. Neiman Marcus reported a nearly 10 percent increase, while
Federated, with many stores in the path of the hurricanes, reported an
increase of just over 1 percent. But it was the mall stores which really
got hit in the month, as consumers confronted gasoline prices above $3 a
gallon. Analysts say their focus groups find consumers hesitating before
driving to the mall. Sales at the Gap fell 6 percent, Talbots reported a
decline of 5.1 percent and Ann Taylor said sales dropped 2.7 percent.
JOHN MORRIS, SPECIALTY RETAIL ANALYST, HARRIS NESBITT: What we`re
already starting to see is that the retailers are having to give up some of
their business through the form of higher promotions in order to get the
consumer back to the mall more frequently. With higher gas prices, with the
consumer feeling a little bit more pinched, she needs to have more of a
reason to actually even go to the mall in the first place. The consumers
are doing that through higher discounts. They have to do it now because
they have to clear their good for the holiday season.
GURVEY: Analysts are predicting that retailers will keep inventories
low this holiday season to avoid being stuck with excess stock in case
sales are poor. Scott Gurvey, NIGHTLY BUSINESS 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) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/06/05: One On One With Laurence Meyer, Vice Chairman, Macroeconomic Advisers
SUSIE GHARIB: Speaking of gasoline, oil prices skidded to their lowest level
in two months today, as drivers eased off the gas, rather than pay more
than $3 a gallon. On the New York Mercantile Exchange, light sweet crude
for November delivery fell $1.43 to $61.31 a barrel. Also helping the
supply picture, word that two more large refiners in the Gulf of Mexico are
restarting after being shut down by hurricanes Rita and Katrina. That
leaves 10 refineries still down or about 14 percent of U.S. refining
capacity.
GHARIB: Joining us now for more analysis on those comments from the
Dallas Fed and the market`s inflation worries, Laurence Meyer, vice
chairman, Macroeconomic Advisers and a former governor of the Federal
Reserve. Dr. Meyer, nice to see you again.
LAURENCE MEYER, VICE CHAIRMAN, MACROECONOMIC ADVISERS: Good to be
with you.
GHARIB: Let me begin by asking for your take on the Dallas Fed
president`s comments today that the Fed must present a quote inflation
virus from disrupting the economy. What are your thoughts on that?
MEYER: Well, he was echoing a message we`ve seen consistently from
FOMC speakers over the last couple of weeks. They`re really focused on
inflation. The core measure is at the upper end of the Fed`s comfort zone.
There is concern that higher energy prices are now going to pass through
the core, so there is no question the Fed is very focused on inflation and
they`re basically telling us that they`re still focused on raising rates
and removing accommodation to contain inflation.
GHARIB: Do you agree with what Richard Fisher`s warning that the
economy is at risk of a 1970-style inflation?
MEYER: Well, I don`t really think he said that. And no, the economy is
not at all at risk of that. But it is at risk of breaching this comfort
zone, of moving away from the very low stable inflation rates we`ve been
at. There is some risk of that. But look, inflation is going to remain,
core inflation is going to remain pretty modest. The question is, are we
going to move above 2 percent or are we going to keep it at 2 percent.
GHARIB: The markets have been worried about inflation for some time
now. This keeps coming up. What was it in the comments today that really
spooked the markets and spooked investors?
MEYER: Well, I think it`s just this reiteration. The message is very
loud and clear and the markets are becoming convinced that the Fed is on an
unrelenting pass still. Despite the hurricane, despite the near-term damage
and the loss in production, they`re on a path to keep raising rates and the
markets now believe that the Fed is going to raise rates beyond 4 1/4 and
to tighten further next year. So as those expectations begin to escalate,
it really spills over very forcefully into the bond market.
GHARIB: Now you served on the Fed as a Fed governor for many, many
years. What do you think is going to be the discussion and the action that
the Fed policymakers are going to take on November 1st when they meet
again?
MEYER: Well, I think that`s pretty clear at this point. They`re going
to go another 25 basis points.
GHARIB: Not more than that?
MEYER: No, I think what we have in the near term is we have too much
uncertainty in the economy, too much risk in terms of the persistence of
the slow-down in production, the effect of higher energy prices on consumer
spending. So there is too much risk to go more than 25 basis points but
they will go 25 basis point and they don`t give us any indication that they
are done, so 25 and still going.
GHARIB: And in December?
MEYER: 25 and I think, and still going.
GHARIB: Still going, OK. One of the economic numbers most likely that
policymakers will be looking at when they meet in November is tomorrow`s
employment report. What are your expectations for that report?
MEYER: Well, it`s very confusing number. The range of estimates out
are for minus 25 to minus 250. And we are trying to get a sort of a sense
of how much of that is due to the employment loss due to Katrina. So the
average survey numbers are around in the range of 150, 160. I think that is
a pretty reasonable sort of benchmark of what to expect. But the key is
trying to decompose that to say how much of that decline is due to the
effects of the hurricane, and how much of it reflects any possible
weakening in the underlying fundamentals.
GHARIB: Quickly, what`s your interpretation, as you try to sift
through that data, what is your interpretation?
MEYER: I got to see the data first. But my guess is it`s going to be
mainly telling us about the hit from production, the numbers in terms of
unemployment claims when strictly the effects of the hurricane indicate
that the labor market is still on very solid footing. So I think primarily
we are looking about how big the hit is from the hurricane.
GHARIB: All right, Dr. Meyer, thank you so much for coming on the
program. We appreciate that.
MEYER: My pleasure.
GHARIB: We`ve been speaking with Laurence Meyer, vice chairman of
Macroeconomic Advisers and a former governor of the Federal Reserve.
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) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/06/05: FEMA's Doing Damage Control By Re-Evaluating No Bid Contracts
PAUL KANGAS: An about face tonight for FEMA, the Federal Emergency
Management Agency. Its acting director told Congress today the agency will
go back and re-open bidding on more than $1.5 billion in restoration
contracts that were handed out with no bids after hurricane Katrina.
Washington bureau chief Darren Gersh looks at what that could mean for
taxpayers and businesses.
DARREN GERSH, NIGHTLY BUSINESS REPORT CORRESPONDENT: FEMA has been
sharply criticized for doling out contracts to politically connected firms
without getting other bids. Now FEMA`s acting director is promising to
change the way his agency does business.
DAVID PAULISON, FEMA DIRECTOR: I`ve been in public service a long time and I`ve never been a fan of
no-bid contracts. Sometimes you have to do them because of the expediency
of getting things done, and I can assure you that we are going to look at
all of those contracts very carefully and hopefully we can put things in
place for the future where we will not have to depend on no-bid contracts.
GERSH: Paulison promised FEMA would also re-bid contracts handed out
without competition in the immediate aftermath of Katrina. Government
watchdog groups say it is good news for taxpayers, but they are worried the
government could now face stiff cancellation fees.
DANIELLE BRIAN, PROJECT ON GOVERNMENT OVERSIGHT: Generally the
contracts the government enters into are relatively iron-clad for the
contractor. So if the government decides to cancel the contract, the
contractor gets pretty hefty termination fees. So what we need to make
sure in this case is that we`re not going down that road.
GERSH: Lawmakers also want to see the contracting process opened up to
more companies located in storm-ravaged states. Louisiana Republican
Senator David Vitter introduced legislation to restrict FEMA`s no-bid
contracting, which he believes has cost jobs in his state.
SEN. DAVID VITTER, (R) LOUISIANA: Louisiana workers and Louisiana
businesses are not being adequately involved in the rebuilding effort.
GERSH: Meanwhile there growing interest on Capitol Hill in the idea of
appointing some kind of chief financial officer to watch over all the
spending on hurricane relief. 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) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/06/05: A Gas Price Hike Called A Blessing In Indonesia
SUSIE GHARIB: This week, Indonesia slashed its domestic fuel
subsidies, subsidies that accounted for more than 20 percent of the
government`s budget. As a result, prices at the gas pumps jumped by almost
90 percent, but economists say that it was a smart move. And as Rian
Maelzer reports, it could help ease an energy crisis plaguing a country
rich in energy resources.
RIAN MAELZER, NIGHTLY BUSINESS REPORT CORRESPONDENT: Indonesia is east
Asia`s only member of the OPEC oil cartel, but in the past couple of years,
it has become a net importer of oil. Part of the reason is the government
subsidies that have kept fuel prices some of the lowest anywhere.
ANTON GUNAWAN, ECONOMIST, CITIGROUP: The price distortion has, like
it or not, given incentive for people to really consume more on one side of
the energy -- fuel, gasoline fuel.
MAELZER: The subsidies have also led to fuel hoarding and smuggling to
neighboring countries. But they aren`t entirely to blame for the shortages
that have hit Indonesia`s gasoline pumps and power stations or the power
cuts that have dogged the country lately.
FAUZI ICHSAN, ECONOMIST, STANDARD CHARTERED: Ever since the financial
crisis of `1997-`98, investment not only in oil exploration and
explortation, but also in power generation has been minimal.
MAELZER: Confusing regulations, an unpredictable legal system and high
taxes have deterred new investment not only in oil and gas, but also the
coal industry. Coal-fired power plants like this one currently generate
around 40 percent of the country`s electricity. That amount would have
been higher if not for the post-`97 investment slump.
JEFFREY MULYONO, INDONESIAN COAL MINING ASSN.: Because of the crisis,
they abort some of the projects. If it is happened, I think today we
probably burn about 60, 70 percent of coal instead of the other fuel.
MAELZER: Instead, the country has become the world`s second biggest
exporter of coal, keeping only about 30 percent of production for domestic
use.
CHATIB BASRI, PRESIDENTIAL ECONOMIC ADVISER: In this country, it`s
very strange because we consume the energy that is quite expensive and we
export the cheap one, but in fact what we need to do sort of like consume
the coal and export the oil.
MAELZER: That`s the government`s goal as it strives to finally come up
with a cohesive energy policy. It`s set to publicly list the country`s
power generating company next year to raise capital for building new power
plants. Raising the prices of gasoline and kerosene will also encourage
consumers, industry and investors to look more to coal and gas as
alternatives. And there have been other promising moves from the
government of President Susilo Yudhoyono.
After nearly four years of wrangling, the state oil company finally
appears to have reached a deal with ExxonMobil to develop a huge oil field
in central Java. It`s the biggest find in the country for decades and
could turn Indonesia back into a net oil exporter. That`s if the
government can show it has learned the lessons from this current crisis,
and does not mismanage or squander the country`s energy riches. Rian
Maelzer, NIGHTLY BUSINESS REPORT, Jakarta.
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) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/06/05: "Commentary"-The Real Estate Reality Check
PAUL KANGAS: Tonight`s commentator has been looking at the real estate situation or
more specifically at his own real estate situation. Here`s Irving R.
Levine, dean of international studies at Lynn University and former chief
economics correspondent for NBC News.
IRVING R. LEVINE, DEAN EMERITUS, INTERNATIONAL STUDIES, LYNN
UNIVERSITY: I received our property tax bill the other day. It contained
good news and bad news. The good news is that the assessed value of our
house soared, reflecting the rise in the sales prices of homes in the area.
The bad news is that the higher assessed valued meant a 12 percent increase
over last year in our property tax. Homeowners across the country are
experiencing higher property taxes. The national median home price is now
$220,000 -- a 16 percent increase from a year ago.
The valuation of a person`s home exists only on paper until the owner
sells it, but escalating property taxes have to be paid each year. In the
last election, many communities voted on placing a cap on property tax
increases. A particularly sensible cap exists in Florida. The Florida cap
provides that even if the market value of a house climbs sharply, the value
of the property for taxation purposes can`t be raised by more than 3
percent a year. The cap is lifted only when a house is sold. For the new
owner, the house is assessed for tax purposes at its market price. Looking
ahead, if the real estate bubble bursts, will the air come out of property
taxes as well? Don`t bet on it. I am Irving R. Levine.
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) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/05/05: "Money File"-Credit Cards Are About To Get The Maximum Out Of Minimums
SUSIE GHARIB: And finally tonight, yet another new idea to help Americans
save money. Last night, we told you about a Bank of America plan to round
up purchases made by users of its debit cards. Today, American Express
rolled out a new card that offers cash rebates linked to a savings account.
The new card is called "one from American Express." Amex will deposit 1
percent of the dollar amount of all purchases into a new high yield account
at its own bank. Customers can use the cash for anything they want, save
it or add extra funds on their own. As another incentive to save, Paul,
American Express will kick in $25 to savings accounts when customers make
their first purchase.
KANGAS: Boy, if these companies keep this up, Susie, pretty soon the
nation will have a decent savings rate which it so badly needs.
GHARIB: It about time, right? That`s NIGHTLY BUSINESS REPORT for
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) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/06/05:
"Paul Kangas' Stocks In The News"
PAUL KANGAS: Stocks got an early boost from those lower oil prices and
bargain hunting after a steep three-day sell off. An upbeat outlook from
General Electric also helped the Dow gain 43 points at the outset of
trading, while the NASDAQ Composite rose only a point. Then another
inflation warning from Dallas Federal Reserve Bank President Richard Fisher
triggered a steep sell off that sent the Dow off over 80 or 90 points mid
afternoon. But a late flurry of buying cut those losses. Dow Industrial
Average closed off 30 1/4 points at 10,287.10. The NASDAQ Composite dropped
18.94 at 2084.08. Standard & Poor`s 500 down 4.90 points ending at 1191.49.
In the bond market, the 10-year note slid 13/32 to 98 27/32. That lifted
the yield to 4.40 percent.
New York exchange volume leader on 23.6 million shares was ExxonMobil
(XOM) down $0.38 along with the fading oil prices.
General Electric (GE) moved the other way, up $0.91. The company
expects to meet its third quarter earnings target of $0.44 a share at the
high end of its earlier guidance and it`s also upbeat on the full year. The
company plans to increase its 2005 stock buyback program by $1 billion.
That will bring it to $4 billion this year.
Lucent Technology (LU) was down $0.07.
Time Warner (TWX) lost $0.08.
Chesapeake Energy (CHK) in that weak group, down $2.91, fifth in
volume.
Pfizer (PFE) lost $0.15.
Procter & Gamble (PG) $0.89 loss.
Wal-Mart Stores (WMT) bucking the trend, up $0.43. September same
store sales as you saw earlier up 3.8 percent, in line with estimates and
the company says the two hurricanes will cut third quarter earnings by only
$0.01 per share.
Delphi (DPH) down $0.30.
And CVS Corp (CVS), the big drug chain, down $1.75. CVS September
same store sales were up 5.7 percent, shy of the Street estimate for a 6
percent rise. The company cut its third quarter earnings guidance by a
penny or two down to $0.29. Street was looking for $0.31.
Federated Dept stores (FD) up $1.39. September same store sales rose
1.3 percent, nearly double the Street estimate for a rise of 6/10 of 1
percent.
And then Target (TGT) up $0.78, traded as high as $52.90. September
same store sales up 5.6 percent, better than the Street estimate for a rise
of 4.9 percent.
And then Guess? Inc (GES) up $3.68. Its September same store sales
jumped 14 percent. It`s a casual apparel retailer.
And then Christopher & Banks (CBK), a women`s apparel retailer, up
$1.41. Ryan Beck brokerage upgraded it from "market perform" to "out
perform."
And then another women`s apparel retailer, New York and Co (NWY)
tumbling $2.15. The company says September same store sales were flat and
the company cut its 2006 fiscal guidance from $1.18 to $1.26, all the way
down to $0.90 to $1 a share.
The Talbots (TLB) down $2.14. September same store sales fell 5.1
percent.
The airlines were firm today on lower fuel prices. Continental
Airlines (CAL) moving up $1.38. Also a pending airline pension bill will
ease financial pinch on the carriers. That brought some optimism. The bill
however, is mired in disputes, but some of the airlines elsewhere were
helped along.
Gains in Airtran Holdings (AAI) and Jetblue Airways (JBLU).
Stone Energy (SGY) tumbling $7.93. The company cut its third quarter
and 2005 natural gas production guidance because of the hurricanes. Down
went the stock.
Big board volume leader Google (GOOG) up $2.04. UBS financial boosted
its price target for the stock from $350 a share up to $375.
Microsoft (MSFT) $0.06 gain.
Amgen (AMGN) down $2.05. The Sanford Bernstein brokerage noted there`s
nervousness over Amgen`s upcoming earnings report.
Intel (INTC) down $0.31.
Apple Computer (AAPL) fell $1.08, fifth in dollar volume.
Dell inc (DELL) was down $0.92.
Cisco Systems (CSCO) up $0.23.
Sandisk (SNDK) an $0.08 loss.
Qualcomm (QCOM) fell $1.
And Yahoo! (YHOO) was up $0.31.
And finally we see Viisage Technology (VISG), which is into digital
identification systems. A venture capital firm called L1 Partners will buy
19 million shares at $5.25 a share.
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) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/06/05:
Market Stats
NET PERCENT
CLOSE CHANGE CHANGE
DOW CLOSE 10287.10 -30.26 - .3
HIGH 10369.55
LOW 10218.09
NASDAQ COMP. 2084.08 -18.94 -.9
HIGH 2110.83
LOW 2069.04
VOLUME 2,147.0
PREVIOUS 1,914.9
UP VOLUME 630.7
DOWN VOLUME 1,495.4
DOW TRANSPORTS 3650.21 +26.69 + .7
DOW UTILITIES 408.68 -6.49 - 1.6
CLOSING TICK +210
S&P 500 1191.49 -4.90 - .4
S&P 100 551.26 -1.29 - .2
MIDCAP 400 689.85 -6.33 - .9
REUTERS/CRB 323.93 -4.27 - 1.3
NYSE COMPOSITE 7399.66 -36.70 - .5
VALUE LINE 395.89 -2.71 - .7
RUSSELL 2000 639.45 -5.53 - .9
DJW 5000 11904.11 -64.04 - .5
U.S. TREASURIES
5-YEAR NOTE 3.875%
Sept. 15,2010 98 10/32 -6/32 + 4.26
10-YEAR NOTE 4.25%
Aug. 15,2015 98 27/32 -13/32 + 4.40
30-YEAR NOTE 5.375%
Feb. 15, 2031 111 7/32 -27/32 + 4.62
LEHMAN BROS.
LONG BOND INDEX 1776.95 -1.24
DOW CLOSE 10287.10 -30.26 - .3
ADVANCES 1070
DECLINES 2238
NEW HIGHS 14
NEW LOWS 163
NET PERCENT
NYSE MOST ACTIVES 4PM CLOSE CHANGE CHANGE
XOM Exxon Mobil 58.57 -.38 -.6
GE GE 33.59 +.91 +2.8
LU Lucent Tech 3.20 -.07 -2.1
TWX Time Warner 17.92 -.08 -.4
CHK Chesapeake Energy 32.59 -2.91 -8.2
PFE Pfizer 24.65 -.15 -.6
PG Procter & Gamble 56.22 -.89 -1.6
WMT Wal-Mart Stores 43.93 +.43 +1.0
DPH Delphi 2.20 -.30 -12.0
CVS CVS Corp 26.30 -1.75 -6.2
NASDAQ CLOSE 2084.08 - 18.94 - .9
VOLUME 2,140.8
PREVIOUS 1,994.5
ADVANCES 1045
DECLINES 1972
NASDAQ ACTIVES
GOOG Google 312.75 +2.04 +.7
MSFT Microsoft 24.73 +.06 +.2
AMGN Amgen 75.96 -2.05 -2.6
INTC Intel 23.76 -.31 -1.3
AAPL Apple Computer 51.70 -1.08 -2.1
DELL Dell 31.67 -.92 -2.8
CSCO Cisco Systems 17.73 +.23 +1.3
SNDK SanDisk 51.92 -.08 -.2
QCOM Qualcomm 44.15 -1.00 -2.2
YHOO Yahoo! 33.80 +.31 +.9
AMEX CLOSE 1651.64 - 32.41 - 1.9
INDEX SHARES
DIA DIAMONDS TRUST 102.94 -.23 -.2
QQQ NASDAQ 100 38.25 -.51 -1.3
SPY S&P DEP.RECEIPTS 119.20 -.43 -.4
STOCKS IN THE NEWS
FD Federated Dept 65.00 +1.39 +2.2
TGT Target 52.02 +.78 +1.5
GES Guess? Inc 24.43 +3.68 +17.7
CBK Christopher &Banks 14.52 +1.41 +10.8
NWY New York & Co 12.36 -2.15 -14.8
TLB Talbots 26.81 -2.14 -7.4
CAL Continental Air 11.88 +1.38 +13.1
AMR AMR Corp 12.41 +.85 +7.4
AAI Airtran Holdings 13.94 +.94 +7.2
JBLU Jetblue Airways 19.17 +1.12 +6.2
SGY Stone Energy 48.14 -7.93 -14.1
VISG Viisage Tech 5.06 +1.42 +39.0
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