10/19/05:
Hurricanes Can't Even Slow Housing Starts
SUSIE GHARIB: The housing market is still going strong.
The Commerce Department reported today that construction of new homes
surged 3.4 percent in September to the highest level in seven months.
Analysts had expected the pace to slow because of hurricanes Rita and
Katrina and rising mortgage rates. Darren Gersh has details.
DARREN GERSH, NIGHTLY BUSINESS REPORT CORRESPONDENT: Remember all that
talk a month or so ago that maybe, just maybe housing might be cooling off
a bit? Forget about it.
DAVID WYSS, CHIEF ECONOMIST, STANDARD & POOR`S: Housing just keeps
going. We can`t stop it with a wooden stake through the heart and the Fed
is trying, believe me.
GERSH: The Commerce Department says housing starts rose 3.4 percent in
September and permits, an indicator of future activity, were up 2.4
percent. Not only that, weekly mortgage applications were up 6 percent
this week and builder sentiment is bullish.
DAVID SEIDERS, CHIEF ECONOMIST, NATIONAL ASSOCIATION OF HOME BUILDERS:
The market, I think, you know, right now and looking out still looks very,
very good. The question is, do we flatten and come off of it or continue
to run at this high pace? I think we`re going to come down.
GERSH: There is plenty of evidence housing prices are getting out of
whack in some cities. In San Diego, San Francisco, Los Angeles and Orange
County, the median house price last year was more than nine times the
median income. In New York, Miami, and Boston, home prices are six to
eight times income. The national average home price is 3.2 times income.
WYSS: If this is the time when you`re looking at the speculative
purchases, a rental property, I`d look very carefully at whether this is
the right time to be buying into this market.
GERSH: Economist Mark Zandi says housing prices in many areas now are
well beyond anything that can be explained by job growth, building
restrictions or other traditional yardsticks. And Zandi estimates housing
nationwide is 15 percent overvalued.
MARK ZANDI, CHIEF ECONOMIST, ECONOMY.COM: People start forecasting
with a ruler. They have seen prices rise 10, 20 percent for the last
several years, and based on that, they expect them to rise 10, 20 percent
ad infinitum into the future. And when you believe that, that`s when you
speculate, and that`s what we`re seeing in these markets.
GERSH: The key question is what happens when the housing market turns
around. Prices could collapse as they have in Japan, but analysts say the
most likely outcome is that prices will go sideways for a few years as
incomes catch up to the market. 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.
10/19/05:
Investors May Not Want To Bank On The Banking Sector
PAUL KANGAS: Wall Street was encouraged today by strong earnings from two
of the nation`s biggest banks. Bank of America and JPMorgan Chase both saw
profits rise thanks to strong trading activity among other things. Still,
as Erika Miller reports, analysts are divided on the outlook for the
sector.
ERIKA MILLER, NIGHTLY BUSINESS REPORT CORRESPONDENT: Bank of America
and JPMorgan Chase can thank stock market bulls for strong quarterly
earnings. Profits at both companies jumped more than expected as a result
of higher trading revenues. Increased investment banking also helped boost
profit growth at both firms. Bank of America, the second largest U.S.
bank, earned a $1.04 a share compared to $0.91 a year ago.
ANDREW COLLINS, BANK ANALYST, PIPER JAFFRAY: The consumer is
unquestionably the growth driver at Bank of America. They showed about 10
percent year-over-year growth in sales of consumer products. And it`s a
debit card. It`s the retail checking accounts. It`s home equity.
MILLER: Piper Jaffray has done business with Bank of America over
the past year. JPMorgan, the nation`s third largest bank, reported record
quarterly profits of $0.75 a share, up from $0.60 last year. But that was
overshadowed by the company`s announcement that President Jamie Dimon would
take over as chief executive at year`s end. That`s six months earlier than
planned. Dimon had been the head of Banc One, which was acquired by
JPMorgan.
CHRIS BLUM, ANALYST, EDWARD JONES: I think it says something about
how well management or the board of directors believes the integration is
going and we generally look at it as a positive.
MILLER: Edward Jones has an investment banking relationship with JP
Morgan and Bank of America. Shares of both companies rose today, pushing
the Philadelphia bank stocks index higher, but it`s still down sharply this
year. Some analysts don`t recommend investing in the sector now.
COLLINS: Clearly, we`ve seen signs of inflation and if the Fed
continues to move rates higher, bank stocks probably will continue to under
perform.
MILLER: But others see select buying opportunities.
BLUM: We believe if the economy continues to grow, that that
ultimately leads to business growth at companies like Bank of America and
that ultimately leads to higher profits and then the stock prices.
MILLER: Analysts say one of the biggest risks for bank stocks is
the possibility of a recession. If that happens, they worry most banking
activities would suffer, especially trading and lending. 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) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/19/05:One On One With Susan Decker, CFO, Yahoo
PAUL KANGAS: Shares of Internet web portal Yahoo! gained more than 6
percent today. Investors apparently liked yesterday`s late day third
quarter earnings report showing an increase in operating profit of 48
percent. Much of that came from a big jump in advertising revenue, an area
that has taken off this year. New York bureau chief Scott Gurvey talked
with Yahoo!`s chief financial officer Susan Decker today and began by
asking her if online ads are finally catching on.
SUSAN DECKER, CHIEF FINANCIAL OFFICER, YAHOO!: It`s actually a very large industry when you look at it. This year
in 2005, $22 billion will be spent globally in Internet advertising which
is kind of astonishing when you think about it, but what`s even more
exciting is when you look at that $22 billion relative to the roughly $500
billion that gets spent globally in other forms of media. There`s so much
more, farther it could go, especially if the advertising share online
started claiming as many time as consumers are spending online verses other
things.
SCOTT GURVEY, NIGHTLY BUSINESS REPORT CORRESPONDENT: And you`ve
been seeing some of the really big traditional advertisers who are I think
frustrated over things like television now moving to the Internet.
DECKER: Absolutely. One of our forms of advertising is basically
brand advertising and we do business with almost all the nation`s largest
marketers and they`re spending -- so we`re not increasing the numbers so
much because we do business with them all now. It`s really more the depth
keeps increasing in terms of their commitment levels.
GURVEY: And as you pointed out, that gives you a tremendous market
growth potential.
DECKER: Absolutely, a lot of upside both domestically and
internationally actually.
GURVEY: Now in addition to the brand advertising, there`s a
considerable emphasis now on the search advertising. How`s that going?
DECKER: It`s going very, very well and we feel actually like we`re
in a very, very good position because we offer services across both
platforms in the largest way that any other companies do. What we`re seeing
increasingly is more of our traditional brand-oriented advertisers are
increasingly availing themselves of the search world in terms of reaching
customers directly through the web. So we`re seeing a lot of synergy
between the two. Search itself continues to grow very, very rapidly both in
terms of queries and in terms of revenue per search and so we feel like
we`re really well positioned.
GURVEY: How much education do you have to do in terms of what, for
example what search advertising even is?
DECKER: More early on, it`s starting to gain a little bit of
momentum, but it`s a fair point, because not all of them have done business
through the web. One of the really fascinating things that`s happening
though is that more and more traditional companies are doing research and
they`re finding that a lot of the consumers are doing research on the web
to decide what they want to buy and then buying it off line. So that`s
really what`s gotten them more and more interested is that they can reach
consumers at the point of decision making and then the transaction happens
off line.
GURVEY: You also talked about some of the services. Tell me a
little bit about that. We`re talking about things ranging from the
broadband packaging to the music and things like that, aren`t we?
DECKER: Yeah, really across the board we offer a great sweep of
services and this has actually been a really exciting time for Yahoo! It`s
almost been a product renaissance. Our mail product is number one in the
world. We just launched a new beta that`s been incredibly, highly
critically acclaimed, IM we just announced a record interop (ph) with
Microsoft which will really creating a broader user experience and enhance
the network search. We`ve became a global player in just two years
essentially and are really holding our own and have a lot of up side we
think on the monetization side. So really across the board, we feel really
good about our product suite.
GURVEY: I can`t let you go without asking you if the rumors are
bound about possible future agreements something maybe to do with AOL. Can
you tell us anything about that?
DECKER: I appreciate the question but we really can`t comment on
rumors like that.
GURVEY: Would that kind of thing be something that anybody might
want to do?
DECKER: It probably makes sense that AOL is the number four player
in the market and it doesn`t make sense necessarily that the four will
remain so. I wouldn`t be surprised if something happens at some level of
restructuring between them and somebody else.
GURVEY: We`ll be talking to you sometime in the future. Thank you
very much for joining us.
DECKER: It`s my pleasure. Thank you for having me.
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.
10/19/05: Opening "The Gates" To Giving
SUSIE GHARIB: Charitable giving in the U.S. climbed to a new record
last year, reaching almost $250 billion, according to the Giving U.S.A.
Foundation. The group tracks donations and it predicts that record could
be broken this year as individuals, corporations and foundations help
victims of the Asian tsunami, hurricanes Katrina and Rita and the
earthquake in Pakistan. Tonight, our home economist Brett Graff looks at
some people who just can`t seem to stop giving.
BRETT GRAFF, NIGHTLY BUSINESS REPORT CORRESPONDENT: Part-time
lawyer Jennifer Buttrick flirts with the idea of being a full-time mom.
Problem is, besides helping to provide for her family, she likes to give of
her time and money to charitable organizations.
JENNIFER BUTTRICK, ATTORNEY: We do two things as a family. We give our
time and we give money. And I think that there also are different times in
your life. When I first was a new mom and had a newborn baby, I didn`t
give any of my time. I wrote more checks. And now that I`ve settled into
motherhood, I`m now giving a lot more of my time.
GRAFF: Easy for a lawyer to say, you might be thinking. But
according to the Giving U.S.A. Foundation, Americans of all income levels
are givers. Seventy percent of U.S. households contribute to charity, each
donating on average $2,500. Giving U.S.A. says altogether the total was
$187.9 billion in 2004. Sure, $3 billion came from Bill and Melinda Gates,
but almost half the total came from families earning under $100,000 a year.
Judge Beth Bloom and her husband, Lyle Stern, take their charitable giving
personally. Their son Oliver was born with a cleft palate, a cleft lip and
hearing loss. The couple founded the Children`s Craniofacial Association
and the Oliver fund, providing support for kids in similar situations.
JUDGE BETH BLOOM, CO-FOUNDER, CHILDREN`S CRANIOFACIAL ASSN.: We
feel better because we`re helping other people.
GRAFF: These days, the family is putting time and money toward
helping victims of hurricanes Katrina and Rita. Giving U.S.A. says
charitable contributions are directly affected by the economic climate.
The more people have, the more they`ll give. The 2004 increase in
donations, according to the group, was fueled by increases in personal
income.
LYLE STERN, CO-FOUNDER, CHILDREN`S CRANIOFACIAL ASSN.: If the
economy goes down, then our contribution will probably unfortunately go
down. Who knows? But clearly, if we`re making less, we can afford to give
less in terms of dollars. It`s not just about the dollars. It`s about
leveraging the community and getting more and more people involved in these
causes because they`re all community driven.
GRAFF: The relief efforts for victims of hurricanes Katrina and Rita focus
new attention on charitable giving and also the need to know where your
charitable dollars are going. The American Institute of Philanthropy says
a charity should spend at least 60 percent of its budget on program
services and should spend no more than $35 to raise $100. Make sure you
are giving to a legitimate charity and get a receipt because those
donations are tax deductible.
LISA GROSSMAN, CERTIFIED PUBLIC ACCOUNTANT: If you were to give
$1,000 to a charity -- and you`re in say a 35 percent tax bracket -- you
get a $1,000 deduction which will translate to, at a 35 percent tax
bracket, $350 off of your ultimate tax bills. So it`s quite a bit. You`re
actually giving $1,000, but in essence it`s only costing you $650.
GRAFF: Beyond their donations, today`s philanthropists are looking
to teach a new generation about charitable giving. Take Jennifer Buttrick
and her three-year-old son. They recently asked guests at his birthday
party to skip the gifts and instead donate to a charity. Brett Graff,
NIGHTLY BUSINESS REPORT, home economist.
To
learn more about this topic, click here.
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.
10/19/05: "Money File"-How Best To Deal With BARF
SUSIE GHARIB: In the "money file" tonight, some things to consider if you`re
considering filing for bankruptcy now that the rules have changed. Here`s
Terri Cullen, reporter for the "Wall Street Journal" online.
TERRI CULLEN, REPORTER, THE WALL STREET JOURNAL ONLINE: What`s
most interesting about the bankruptcy abuse and consumer protection act
that goes into effect this month is how difficult the new law makes it for
consumers to get objective advice from an attorney when filing for
bankruptcy protection. In fact, the new law places so many new
restrictions on what attorneys can say to consumers that they`ve dubbed it
the "bankruptcy abuse reform fiasco", AKA BARF.
From the get go, attorneys have to tell clients that they don`t
actually need an attorney or they may not need an attorney because under
the new law, reforms for filing for bankruptcy protection is so easy --
except it isn`t when consumers don`t understand the rules.
Next, consumers must pass two tests to qualify for bankruptcy
relief, including a limit on how much money they averaged over the previous
six months and how much they spend on monthly debt payments and household
expenses. But their attorneys generally are prevented from making any
suggestions to clients on how to meet those tests and manage their debt.
If lawyers skirt the rules and give clients sound advice, they
could be fined by the government. At the same time, if the lawyers fail to
tell their clients everything they should know about the new law, the
clients could sue. Is it just me or does it sound like the new law, which
was heavily backed by lenders and credit card companies, is trying to put
bankruptcy attorneys out of business? If it succeeds, in the end, it will
be consumers who`ll suffer. I`m Terri Cullen.
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.
10/19/05:"Last Word"-Powerball Pandemonium
SUSIE GHARIB: And finally tonight, do you think lightning can strike
twice? Apparently, thousands of people in Hurricane, West Virginia, do and
they`re mobbing a convenience store there to buy tickets to tonight`s
Powerball lottery drawing. And that`s because, nearly three years ago,
that store sold a winning Powerball ticket worth about $315 million.
Tonight`s jackpot is even bigger, nearly $340 million, the second largest
lottery jackpot in American history. But while the last massive payoff
brought big bucks to its winner, Jack Whittaker, it didn`t bring good luck.
Since he won, Paul, Whittaker has been arrested twice for drunk driving,
been robbed of half a million dollars in cash and faces assault charges in
a bar fight, so not good.
KANGAS: You know what the odds are in winning the Powerball?
GHARIB: I have no idea.
KANGAS: One in $146 million. I stick I`ll stay with stocks.
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.
10/19/05:
"Paul Kangas' Stocks In The News"
PAUL KANGAS: Stocks began the day lower, pressured by Intel`s earnings
shortfall late yesterday. The Dow fell 27 points at the outset of trading,
NASDAQ lost nine points. Those good bank earnings Erika Miller just told
you about and better than expected results from Honeywell and General
Dynamics turned the market positive by early afternoon. That up move and a
Fed beige book report showing the economy is still expanding strongly
convinced many investors the market had made a major bottom and that
triggered a strong late rally.
Dow industrial average closed up 128.87 points at 10,414.13. The
NASDAQ Composite jumped 35.25 points to 2091.24. Standard & Poor`s 500 up
17.62 to 1195.76. Over in the bond market, the 10-year note rose 2/32 to
98 9/32, putting the yield at 4.47 percent.
Big board volume leader on 23.1 million shares, Motorola (MOT) moving
up $0.85. After the close yesterday, better than expected earnings by $0.02
and then today Standard & Poor`s repeated a "strong buy." Of course the
company`s third quarter mobile phone sales were up 41 percent from a year
ago.
ExxonMobil (XOM) moved up $0.87.
Pfizer (PFE) a $0.16 loss.
Home Depot (HD) up $1.10, got on the active list largely through the
trading of a 10 million share block on an uptick at the price of 39.
Lucent Technology (LU) a $0.04 gain and that was fifth in big board
volume.
Bank of America (BAC), you heard about the earnings earlier, up $0.87.
EMC Corp (EMC) $0.52 rise.
Ford Motor Co (F)held steady.
JPMorgan Chase (JPM) earnings you heard about earlier, also up $0.96.
And Time Warner (TWX) gained $0.11. That was tenth in big board
volume.
Altria Group (MO), parent of Philip Morris, up $1.37. Third quarter
earnings came in at $1.38, up from $1.29 last year and that was $0.05 above
the Street consensus.
Honeywell Intl (HON) lost $1.88 despite higher third quarter earnings
of $0.55 versus $0.43, $0.02 better than the Street expected. But the
company went on to say that fourth quarter earnings will be at the low end
of Street projections and Prudential cut its price target on Honeywell
stock by $4 down to $44 a share.
Blackrock Incorporated (BLK), an investment management company had a
good day, up $7.91, traded as high as $93.80 after reporting third quarter
earnings of $0.92 versus a loss of $0.15 a year ago.
General Dynamics (GD) up $1.14. Third quarter earnings $1.84, up from
$1.60 last year, $0.08 better than the Street was looking for.
Then came a weak group, the implant group, led by Stryker (SYK) down
$4.23. Third quarter operating earnings came in at $0.40, a penny below
the Street and the company sees global surgical implant prices flat and
that undermined the group. Let`s have a look at some others in there.
Mentor Corp (MNT) down $5.18. Mentor predicting lower than expected
third quarter earnings around $0.24 to $0.25. The Street estimate up there
at $0.34.
Another weak stock in the group Zimmer Holdings (ZMH) of $4.67.
Piper Jaffray co (PJC) the brokerage, up $3.44. Third quarter earnings
$0.79 up from $0.61 a year ago on a 12 percent rise in revenue.
And then some problems here for BKF Capital Group (BKF). It traded as
low $15.90. It`s going to have to restate its 2004 and first quarter 2005
results after misclassifying restricted stock units, more problems of
accounting in the brokerage industry.
Then a super new issue, the Chicago Board of Trade Holdings (BOT) 2.2
million share offering price at $54, opened at $80.78 or $0.75 and the high
of the day $86.50, a gain of 48.7 percent on the day, very successful debut
I`d say.
Yahoo! (YHOO) up $2.21. After the close yesterday, earnings were $0.03
above the Street expectation.
Intel (INTC) $0.03 lower. It had after the close yesterday lower than
expected earnings.
Google (GOOG) a $5.42 gain.
Apple Computer (AAPL) was up $2.73.
Microsoft (MSFT) $0.52 rise. That was fifth in dollar volume.
Ebay (EBAY) gained $1.59. After the close today, third quarter
earnings (INAUDIBLE) $0.20. That was just in line. Revenues excuse me, a
little better than expected at one point, $1 billion. But after hours
trading, eBay sank to $39.55.
Cisco Systems (CSCO) a $0.22 gainer.
Amgen (AMGN) up $2.22. Third quarter earnings came in at $0.85 after
the close today, up from $0.64 a year ago, $0.02 better than the Street
expected, but there was a sales shortfall and in after hours trading, Amgen
stock I saw as low as $74.18.
Qualcomm (QCOM) down $1.57.
And then tenth in volume was Dell (DELL) with a $0.20 gain.
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) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/19/05:
Market Stats
NET PERCENT
CLOSE CHANGE CHANGE
DOW CLOSE 10414.13 +128.87 + 1.3
HIGH 10414.13
LOW 10232.98
NASDAQ COMP. 2091.24 +35.24 +1.7
HIGH 2091.24
LOW 2042.03
VOLUME 2,064.4
PREVIOUS 1,521.0
UP VOLUME 515.4
DOWN VOLUME 1,296.6
DOW TRANSPORTS 3631.51 +42.47 + 1.2
DOW UTILITIES 393.17 +1.03 + .3
CLOSING TICK +1024
S&P 500 1195.76 +17.62 + 1.5
S&P 100 554.06 +7.40 + 1.4
MIDCAP 400 685.16 +9.20 + 1.4
REUTERS/CRB 326.75 -2.43 - .7
NYSE COMPOSITE 7363.07 +85.16 + 1.2
VALUE LINE 392.01 +5.18 + 1.3
RUSSELL 2000 638.28 +12.92 + 2.1
DJW 5000 11919.47 +170.21 + 1.5
U.S. TREASURIES
5-YEAR NOTE 4.25%
Oct. 15,2010 99 22/32 +2/32 4.32
10-YEAR NOTE 4.25%
Aug. 15,2015 98 9/32 +2/32 4.47
30-YEAR NOTE 5.375%
Feb. 15, 2031 110 2/32 unch. 4.69
LEHMAN BROS.
LONG BOND INDEX 1755.85 +2.14
DOW CLOSE 10414.13 +128.87 + 1.3
ADVANCES 2142
DECLINES 1169
NEW HIGHS 31
NEW LOWS 226
NET PERCENT
NYSE MOST ACTIVES 4PM CLOSE CHANGE CHANGE
MOT Motorola 21.02 +.85 +4.2
XOM Exxon Mobil 57.17 +.87 +1.6
PFE Pfizer 23.97 -.16 -.7
HD Home Depot 39.26 +1.10 +2.9
LU Lucent Tech 3.15 +.04 +1.3
BAC Bank Of America 42.44 +.87 +2.1
EMC EMC Corp 13.76 +.52 +3.9
F Ford Motor Co 8.47 unch. unch.
JPM JPMorgan Chase 34.73 +.96 +2.8
NASDAQ CLOSE 2091.24 + 35.24 + 1.7
VOLUME 1,956.8
PREVIOUS 1,520.2
ADVANCES 1968
DECLINES 1061
NASDAQ ACTIVES
YHOO Yahoo! 35.91 +2.21 +6.6
INTC Intel 23.69 -.03 -.1
GOOG Google 308.70 +5.42 +1.8
AAPL Apple Computer 54.94 +2.73 +5.2
MSFT Microsoft 25.09 +.52 +2.1
EBAY eBay 42.01 +1.59 +3.9
CSCO Cisco Systems 17.20 +.22 +1.3
AMGN Amgen 78.09 +2.22 +2.9
QCOM Qualcomm 44.02 +1.57 +3.7
DELL Dell 32.38 +.20 +.6
AMEX CLOSE 1616.03 + 15.76 + 1.0
INDEX SHARES
DIA DIAMONDS TRUST 104.35 +1.46 +1.4
QQQQ NASDAQ 100 38.67 +.76 +2.0
SPY S&P DEP.RECEIPTS 119.74 +1.92 +1.6
STOCKS IN THE NEWS
MO Altria Group 73.85 +1.37 +1.9
HON Honeywell Intl 34.05 -1.88 -5.2
BLK Blackrock 91.60 +7.91 +9.5
GD General Dynamics 121.06 +1.14 +1.0
SYK Stryker 42.27 -4.23 -9.1
MNT Mentor 44.54 -5.18 -10.4
ZMH Zimmer Holdings 63.25 -4.67 -6.9
PJC Piper Jaffray Co 32.00 +3.44 +12.0
BKF BKF Capital Gp 17.11 -7.41 -30.2
BOT CBOT Holdings 80.30 +26.30 +48.7
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