11/08/05:
Supply & Demand Take A Toll On Toll Brothers
LINDA O'BRYON: A challenging housing market is taking a toll
on Toll Brothers and investors took a toll on the company`s stock. Today
the luxury homebuilder warned of slumping demand, trimming the number of
homes it expects to build next year. The company said it`s due in part to
supply constraints caused by the Gulf hurricanes and, more importantly,
weakening demand in some markets. Toll Brothers lowered earnings guidance
for fiscal 2006 on those softening markets. The news deflated home
building stocks, but experts say the trouble could be unique to toll.
MARGARET WHELAN, HOME BUILDERS ANALYST, UBS: It`s not going to
impact the others as much. Remember their homes cost twice as much. It
takes twice as long to build. The other builders don`t have such big
backlogs, so they`re not constrained (INAUDIBLE). We believe that 75
percent of the myth is because of the supply issue, then no, I don`t think
it`s going to impact any of the others. But demand is definitely slowing
(INAUDIBLE).
O`BRYON: Toll Brothers shares closed the day off $5.50 or almost 14 percent,
to $33.91.
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.
11/08/05:
Corporate America Continues To Thrive In The Third Quarter
PAUL KANGAS: Corporate America`s third quarter earnings season is drawing
to a close on Wall Street and the results are solid. With the bulk of
companies reporting, profits for the Standard & Poor`s 500 index are well
ahead of last year -- and the good news doesn`t end there. Suzanne Pratt
reports.
SUZANNE PRATT, NIGHTLY BUSINESS REPORT CORRESPONDENT: In spite of
higher energy costs, rising interest rates and a couple of serious
hurricanes, third quarter profits have been impressive. S&P 500 earnings
for the July through September period are on pace to grow nearly 16 percent
over last year, better than analysts expected. On top of that, the third
quarter was the ninth straight quarter of double-digit profit growth, an
amazing winning streak.
RICHARD PETERSON, CHIEF MARKET STRATEGIST, THOMSON FINANCIAL:
Companies have been battered by energy prices, battered by maybe concerns
about the consumer and from a variety of different areas. Yet corporate
America is an economy that refuses to lie over and play dead.
PRATT: It probably comes as no surprise that energy titans were the
quarter`s biggest winners, turning in a whopping 62 percent increase in
profits. They were followed by industrials and utilities. At the other
end of the profit spectrum was the basic materials sector, the biggest
loser, reporting a 5 percent decline. Of large U.S. companies that have
posted results, 66 percent beat Wall Street estimates, 13 percent matched,
and 21 percent missed. Still, there were signs in a number of the third
quarter reports that results could slow in the months ahead. Right now,
S&P 500 earnings are expected to grow 15.1 percent in the fourth quarter
and decelerate from there. Nevertheless, many analysts say double-digit
profit growth is more than respectable at this late stage of the business
cycle. The real question is, why aren`t investors more enthusiastic about
the profit picture?
CHARLES BLOOD, MARKET STRATEGIST, BROWN BROTHERS HARRIMAN: The stock
market`s real problem with earnings is not with the earnings. It`s with
interest rates. So stock prices have been going up a lot more slowly than
earnings, meaning that P/E ratios have been falling and that typically
happens when the Fed is raising interest rates.
PRATT: Hewlett-Packard, Home Depot, Wal-Mart and Disney are
the last four Dow components that have not yet reported their
quarterly results. They will do so next week. But experts
say those results are not likely to change the 16 percent
overall number for the S&P 500. Suzanne Pratt, 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.
11/08/05: One On One With Roy Krause, CEO of Spherion
LINDA O`BRYON: A new survey by one of the nation`s largest staffing firms
shows a serious disconnect between employers and their employees.
Spherion`s 2005 emerging workforce study shows 60 percent of workers say
time and flexibility are important in keeping their jobs, but only 35
percent of employers agree. Employers say management climate is the most
important factor in retaining workers, but workers say financial
compensation is number one. I talked about the results with Spherion`s CEO
Roy Krause and began by asking him why there`s a disconnect between
employers and employees.
ROY KRAUSE, CEO, SPHERION: We`ve been studying the employees for the
last 10 years and we`ve seen increasingly that work-life balance and some
of the softer issues are more and more important to employees. I think
though the employers aren`t really listening to some of their employers
(sic).
O`BRYON: So let`s look at those particular issues starting with time
and flexibility. What are the differences between employers and employees?
KRAUSE: Employees rate time and flexibility very, very high. They
believe that, you know, it should be OK to take an hour off to visit your
kid`s kindergarten class or things like that. It shouldn`t be a career
limiting type situation and they want to be associated with companies that
allow that to happen. Whereas employers, I think, are looking more at
relationships and culture and not really the specifics that employees want
to have attended to.
O`BRYON: Another point your study looked at is that of compensation.
And employers saying management climate is the most important factor in
retaining employees, while workers put financial compensation as number
one. Big disconnect here.
KRAUSE: Yeah, there really is. I think it`s a little understandable
given the last three years in recession and maybe with all the down sizing
and outsourcing that we`ve seen that financial compensation is very
important to individuals.
O`BRYON: Why aren`t employers recognizing that fact?
KRAUSE: I think there`s been a supply of employees, an adequate
supply. So they haven`t had to raise rates. But I think we`re into a
talent shortage as the baby boomers start retiring, we`re going to see more
and more shortages of skills.
O`BRYON: That fits in with another point which is job movement, where
only 14 percent of employers expect their work force to leave in the next
year, while nearly 40 percent of workers say they intend to look for a new
job in the next 12 months.
KRAUSE: Right. I think that could really be expensive for employers
given the cost of turnover and the fact that talent is going to get scarcer
and scarcer if you can`t retain your good quality talent, it`s going to be
expensive for employers.
O`BRYON: Your study also looked at items like training and
development. How are companies doing in that regard?
KRAUSE: That was funny. Training and development was fairly low for
employees. And I think the issue there is employees are more concerned
about their career and their advancement and not necessarily just corporate
wide employee programs.
O`BRYON: And finally, you`ve identified a group of people called
emergent workers. Who are they and what trend does this signal?
KRAUSE: Emergent workers are really any worker that really defines
loyalty a little bit different, not based on longevity but based on
opportunity. They want to be compensated for what they do really well, not
tenure and we`ve seen an increase over the last 10 years in the number of
emergent workers and it`s not just young people. It`s all ages.
O`BRYON: And what does that mean for corporations in general?
KRAUSE: I think it means that if you don`t pay attention to these
workers, you`re going to restrict the supply that you have to recruit from.
Again, as a demographics of the work force changes, I believe it`s going to
be tougher and tougher to recruit the skills you need to succeed.
O`BRYON: Well, we`ll have to continue to watch. Thank you very much,
Roy Krause, president and CEO of Spherion.
KRAUSE: Thank you.
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.
11/08/05: Liberty Bank Is Banking On A Post Hurricane Comeback
PAUL KANGAS: Hurricane Katrina blew through the Gulf coast more than two
months ago, and business owners are battling to get back to normal. Many
local banks are helping clients even as they go through their own recovery.
Darren Gersh profiles the largest African American-owned bank in New
Orleans, which is refusing to let mother nature take away what it fought to
build up.
DARREN GERSH, NIGHTLY BUSINESS REPORT CORRESPONDENT: Hurricane Katrina`s
flood waters turned Liberty Bank`s operations center into a Petri dish.
The mold covers computers, checks, loan documents -- everything that makes
up a bank`s central nervous system.
ALDEN MCDONALD, CEO, LIBERTY BANK: So the entire system shut down,
so we literally had to start over again.
GERSH: For weeks, the money went only one way: out. Even now, only
two of Liberty Bank`s eight New Orleans branches are up and running.
Still, the bank is recovering day by day.
McDONALD: A lot of money came out and a lot of money is beginning to
come back in with insurance proceeds.
GERSH: McDonald says he`s amazed at how many of his customers have
stuck with him, even taking out new loans from his bank to buy homes and
cars in other states.
McDONALD: We know them; they know us. We`ve been very fair with our
customer base. It`s sort of like family. So family is taking care of each
other now.
GERSH: McDonald is also working to extend that family. He`s reaching
out to corporations and foundations around the country, asking them to open
accounts at the bank. So far, he`s raised more than $4 million.
McDONALD: These funds will be used to help people rebuild, re-lend to
the customers of the bank, as well as people in the community.
GERSH: Banks across the Gulf coast have already set aside well over a
billion dollars to cover bad loans. McDonald says most of his loans -- if
not all -- had insurance. But the biggest issue is what happens when
people choose not to rebuild. McDonald says legislation may be needed to
force people to tear down rotting homes to keep vast sections of New
Orleans from becoming a wasteland.
McDONALD: I think a lot of people are going to have to start over
again with home ownership and perhaps some of the equity that they had in
that they will lose.
GERSH: Some of Liberty Bank`s customers will rebuild in New Orleans.
Some will not. But McDonald is working to get his bank ready for those who
do. Darren Gersh, NIGHTLY BUSINESS REPORT, New Orleans.
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.
11/08/05: "The Big Picture"-Part 2: Diving Into Digital
LINDA O`BRYON: Well, when you go to the movies, you typically sit in
a theatre, watching film projected on a screen. But movie film, which has
been around since the late 1800s, may be heading into the history books.
Tonight, as our special series "The Big Picture" continues, Diane
Eastabrook looks at how technology is changing the movie industry.
DIANE EASTABROOK, NIGHTLY BUSINESS REPORT CORRESPONDENT: Most
moviegoers who go to Walt Disney studio`s "Chicken Little" will see a fast-
paced animated story about the famed foul who predicts the sky is falling.
But moviegoers who see "Chicken Little" at 85 digital theaters nationwide
will have a more vibrant visual experience.
RICHARD COOK, CHAIRMAN & CEO, THE WALT DISNEY STUDIOS: You feel like
you`re actually inside the movie. The screen acts. Instead of being a
wall, it`s really a window. So you start there and it opens the entire
movie up.
EASTABROOK: For more than 100 years, movies have been shown in theaters
around the world pretty much the same way, 35-millimeter film is projected
onto a huge screen. But within a few years, most of those giant spools of
film and bulky analog projectors will go the way of silent movies.
Instead, digital files containing movies will arrive at theaters via
satellite or high-speed data line. The movies will be stored
electronically, then reproduced onscreen by digital projectors. A full-
scale conversion to digital cinema is expected to save studios billions of
dollars a year in film printing fees and shipping. It should also create a
much more dynamic experience for audiences. Digitally projected movies
look sharper and sound crisper than they do on film.
JOHN VON SCOTER, SR. VICE PRESIDENT, TEXAS INSTRUMENTS: There`s no
scratches or pops or dirt as is often comments that I hear on the big
screen.
EASTABROOK: Texas Instruments stands to profit from digital cinema.
The Plano, Texas, firm`s digital light projection technology, or DLP, is a
chip that is licensed for use in digital projectors.
SCOTER: This chip itself here has over two million individual mirrors
on it through that process, each of which flips back and forth as many as
5,000 times a second to create the image, pixel by pixel, that you see on
the screen.
EASTABROOK: The technology Texas Instruments uses is called 2k,
because it produces over 2,000 lines of resolution. But Sony recently
rolled a competing technology it says is better. Sony`s digital projection
system produces over 4,000 lines of resolution. It claims its so-called 4k
technology will offer a much more vivid picture than the 2k version.
ANDREW STUCKER, GM, SONY DIGITAL PRODUCTION SYSTEMS: 4k is brand new.
It has taken time to develop. There is a great attraction to it. There is
a great desire for it by both the studios/distributors and by the
exhibitors themselves. But it is only now just coming to market.
EASTABROOK: Projectors using 2k technology are currently in a few
hundred digital theaters nationwide, and should be in a few thousand more
by the end of next year. But there is a battle brewing reminiscent of VHS
versus beta. Some Hollywood studios are supporting one technology over the
other. Currently Disney says it plans send its movies using 2k files.
Sony Pictures Entertainment says it favors the 4k technology developed by
its sister division. A new industry standard mandates that all digital
projectors accept both technologies. But a movie in a 4k file might not
look exceptionally better in a 2k projector. That is creating a dilemma of
sorts for theater chains, who will have to spend up to $100,000 for each
projector. Stephen Marcus, chairman and CEO of the Marcus theater chain,
is trying to decide if he should invest in 2k projectors now or 4k
projectors later. Either way, it`s an expensive decision.
STEPHEN MARCUS, CHAIRMAN & CEO, MARCUS THEATER CORP.: Do the math.
It`s about $100,000 a screen times 500 screens -- somewhere in the
neighborhood of $50 million.
EASTABROOK: Analysts think theater owners will win with either
technology, because 2k and 4k digital cinema are vast improvements over
film.
JONATHAN ZIEGLER, TECHNOLOGY ANALYST, DUTTON ASSOCIATES: It turns
out the 2k technology is fine. It is a major improvement in economics and
quality and opportunity from celluloid and the 4k will be a nicety.
EASTABROOK: So far movie goers have had very little exposure
to digital cinema, so experts say they could be the ones who
could ultimately determine how quickly digital cinema is rolled
out and what technology prevails. Diane Eastabrook, NIGHTLY
BUSINESS REPORT, Los Angeles.
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.
11/08/05: "Commentary"-Time For Tax Reform
LINDA O`BRYON: Tonight`s commentator says when it comes to tax reform, there`s no
time like the present. Here`s Daniel Henninger, deputy editor of the
editorial page of the "Wall Street Journal."
DANIEL HENNINGER, DEPUTY EDITOR, WALL STREET JOURNAL EDITORIAL PAGE:
By now you`ve absorbed the details of the president`s tax commission.
Here`s the short version: let`s do it. Reform the tax code, do something
about the alternative minimum tax, lower rates, simplify this tangled mess.
Let`s understand something. We, the people of the United States, are in
the competitive fight of our lives.
For most of the past 100 years, the U.S. has been the world`s economic
locomotive, creating new products and new industries. For a while we had a
rival in Japan Inc. which faded. Now nations like China and India are
getting the wherewithal to compete with us for industries, jobs and the
world`s economic wealth. Many of the post cold war nations of eastern
Europe have already adopted low flat tax regimes explicitly to spur
economic activity. Yes, we could muddle through with a tax code that one
computer geek measured at 7500 pages and 3.4 million words and yes, we
could still waste the time of smart, productive people trying to divine
ways to hide from estate taxes and the like. And we`d end up like western
Europe. I think the American people will support getting this tax
albatross off their backs if they think the new system is an improvement
with real, tangible benefits. For many of these same reasons, we needed a
reformed Social Security system. The bush administration fumbled the
politics of that good idea. Let`s hope they do better with tax reform.
I`m Dan Henninger.
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.
11/08/05:
"Paul Kangas' Stocks In The News"
PAUL KANGAS: That Toll Brothers lowered outlook sent homebuilding stocks
broadly lower early today and after four straight sessions of gains, stocks
fell on profit taking in general. An hour into trading, the Dow lost 55
points, NASDAQ down 6. With no major economic news to influence them,
investors continued to cash in their profits this afternoon. Dow
Industrial average in with a closing loss of 46 1/2 points at 10,539.72.
NASDAQ Composite off 6.17 at 2172.07. Standard & Poor`s 500 Index lost
4.22, ending at 1218.59. In the bond market, the 10-year note rose 17/32
to 97 18/32, lowering the yield to 4.56 percent.
Most active New York exchange issue on 18.7 million shares, Lucent
Technology (LU) losing $0.06.
Followed by Time Warner (TWX) with a $0.04 gain.
ExxonMobil (XOM) up $0.56.
Citigroup (C) dropped $0.17 or gained $0.17.
While Pfizer (PFE) dropped $0.17, fifth in big board volume.
Toll Brothers (TOL) as you heard earlier down $5.50 and the low of the
day was $33.80, so it closed within $0.11 of that.
Let`s have a look at some other major home builders in the group.
Centex (CTX) of $4.61.
And losses of $3 or more in DR Horton (DHI), Hovnanian Enterprise
(HOV), Lennar (LEN) and Pulte Homes (PHM), some major damage in that group
today.
General Electric (GE) down $0.26.
Blockbuster (BBI) was off $0.10. The video rental chain in with third
quarter results excluding one time items, a loss of $0.13 versus $0.03 in
earnings last year. That was a penny worse than expected incidentally and
the company warned it may have to seek bankruptcy protection if it`s unable
to secure new financing.
Tyco Intl (TYC) $0.36 loss there.
Motorola (MOT), tenth in volume was up $0.16.
Visteon Corp. (VC) down $1.26. Third quarter results excluding items,
a loss of $1.49, $0.16 worse than the Street was figuring and the company
sees the auto parts business continuing to be difficult.
Caremark Rx (CMX) $0.84 loss there, but it traded as low as $47.24
this morning. The pharmacy benefits manager had third quarter earnings a
bit higher, $0.51 up from $0.37 last year, but that was just in line with
estimates. The third quarter revenues were short of street estimates by
about $150 million and the company`s guarded about its 2006 outlook.
Aleris International (ARS) up $4.49. The aluminum recycling firm in
with third quarter results of $1.01 in earnings, versus a loss of $0.02 in
the same period a year ago.
Western Gas Resources (WGR) gained $1.82. Third quarter earnings
$0.88, up from $0.47 last year. Revenues shot up 46 percent.
Then Serono SA (SRA), this is the big Swiss-based drug research firm.
The company confirmed it has retained Goldman Sachs to explore various
alternatives. In some cases, that means the sale of the company.
Houston Exploration (THX) up $4.10. The company plans to divest its
entire Gulf of Mexico asset base. It`s going to buy back up to $200 million
of its own stock. Standard & Poor`s repeated a "buy" recommendation.
Google (GOOG) topped the active list with a loss of $5.13, a little
profit taking there after some huge gains.
Microsoft (MSFT) $0.04 rise.
ebay (EBAY) $0.43 gain.
Apple Computer (AAPL) down $0.33.
Fifth in dollar volume on NASDAQ, Intel (INTC) with a nickel gain.
Dell (DELL) down $0.51.
Sandisk (SNDK) $0.47 gain, bouncing back from the big loss yesterday.
Netease.com plunging $17.35 a share. The Chinese online gaming
company had third quarter results out, $0.89, $0.02 worse than the Street
expected and the company notes fourth quarter is the slowest of the year
and we`re in it now.
$0.65 gain in Qualcomm (QCOM).
And Cisco Systems (CSCO) a penny gain.
Pixar (PIXR) down $1.87. In regular week trading after the close
though, Pixar third quarter results $0.22, up from $0.19 last year, $0.11
better than the Street estimate. In after hours, that stock was $5 higher.
The American exchange, Infosonics (IFO) up $2.35. Third quarter
earnings of $0.20 versus a loss of $0.09 last year, a real turnaround.
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.
11/08/05:
Market Stats
NET PERCENT
CLOSE CHANGE CHANGE
DOW CLOSE 10539.72 -46.51 - .4
HIGH 10574.22
LOW 10524.28
NASDAQ COMP. 2172.07 -6.17 -.3
HIGH 2180.79
LOW 2166.25
VOLUME 1,411.5
PREVIOUS 1,473.2
UP VOLUME 491.1
DOWN VOLUME 893.3
DOW TRANSPORTS 3961.24 -18.20 - .5
DOW UTILITIES 393.77 -.83 - .2
CLOSING TICK +512
S&P 500 1218.59 -4.22 - .4
S&P 100 561.60 -1.70 - .3
MIDCAP 400 710.53 -5.25 - .7
REUTERS/CRB 318.24 +.79 + .3
NYSE COMPOSITE 7489.72 -29.70 - .4
VALUE LINE 400.13 -2.71 - .7
RUSSELL 2000 656.23 -5.01 - .8
DJW 5000 12204.36 -47.73 - .4
U.S. TREASURIES
5-YEAR NOTE 4.25%
Oct. 15,2010 99 +9/32 4.48
10-YEAR NOTE 4.25%
Aug. 15,2015 97 18/32 +17/32 4.56
30-YEAR NOTE 5.375%
Feb. 15, 2031 108 31/32 +29/32 4.76
LEHMAN BROS.
LONG BOND INDEX 1735.31 +12.56
DOW CLOSE 10539.72 -46.51 - .4
ADVANCES 1258
DECLINES 2014
NEW HIGHS 64
NEW LOWS 86
NET PERCENT
NYSE MOST ACTIVES 4PM CLOSE CHANGE CHANGE
LU Lucent Tech 2.74 -.06 -2.1
TWX Time Warner 17.65 +.04 +.2
XOM Exxon Mobil 57.37 +.56 +1.0
C Citigroup 46.60 +.17 +.4
PFE Pfizer 21.91 -.17 -.8
TOL Toll Brothers 33.91 -5.50 -14.0
GE GE 33.76 -.26 -.8
BBI Blockbuster 4.20 -.10 -2.3
TYC Tyco Intl 26.36 -.36 -1.4
MOT Motorola 23.19 +.16 +.7
NASDAQ CLOSE 2172.07 - 6.17 - .3
VOLUME 1,642.9
PREVIOUS 1,786.6
ADVANCES 1231
DECLINES 1808
NASDAQ ACTIVES
GOOG Google 389.90 -5.13 -1.3
MSFT Microsoft 27.05 +.04 +.2
EBAY eBay 42.30 +.43 +1.0
AAPL Apple Computer 59.90 -.33 -.6
INTC Intel 24.55 +.05 +.2
DELL Dell 29.09 -.51 -1.7
SNDK SanDisk 61.82 +.47 +.8
NTES Netease.com 61.89 -17.35 -21.9
QCOM Qualcomm 45.29 +.65 +1.5
CSCO Cisco Systems 17.86 +.01 +.1
AMEX CLOSE 1678.47 - 5.59 - .3
INDEX SHARES
DIA DIAMONDS TRUST 105.60 -.01 -.0
QQQ NASDAQ 100 40.14 +.01 +.0
SPY S&P DEP.RECEIPTS 122.23 unch. unch.
STOCKS IN THE NEWS
CTX Centex 66.52 -4.61 -6.5
DHI D.R. Horton 30.60 -3.15 -9.3
HOV Hovnanian Enterp 44.94 -3.41 -7.1
LEN Lennar Cp Cl A 55.35 -3.00 -5.1
PHM Pulte Homes Inc 37.77 -3.70 -8.9
VC Visteon Corp 7.72 -1.26 -14.0
CMX Caremark Rx 51.16 -.84 -1.6
ARS Aleris Intl 30.47 +4.49 +17.3
WGR Western Gas 46.60 +1.82 +4.1
SRA Serono S. 17.97 +1.53 +9.3
THX Houston Explor 54.86 +4.10 +8.1
PIXR Pixar 50.88 -1.87 -3.5
IFO InfoSonics 7.36 +2.35 +46.9
|
