11/18/05:
The Year End Rally Begins
SUSIE GHARIB: Stocks continued their climb upward today.
The major indices all posted gains for the week and both the S&P 500 and
NASDAQ Composite closed at their highest levels in 4 1/2 years. The Dow
gained 46 points to close at an eight-month high and the NASDAQ added six.
As Erika Miller reports, many strategists are confident that stocks will
rally into the New Year.
ERIKA MILLER, NIGHTLY BUSINESS REPORT CORRESPONDENT: There wasn`t much
sizzle in stocks today, but market strategists say the long-awaited year-
end rally is well underway.
JAMES AWAD, CHAIRMAN, AWAD ASSET MANAGEMENT: Right now, the stars are
aligned. If there is not an external shock, for a good sprint in the equity
markets between now and the end of the year.
MILLER: Helping to fuel interest in stocks, a sharp drop in energy
prices. Crude is hovering at its lowest level in five months, and even if
energy prices start to climb again, the bulls still think stocks can rally.
AWAD: If we got a cold snap and energy prices reaccelerated, consumers
wouldn`t see those bills or have to pay them until after Christmas is over.
MILLER: Another reason for the optimism, declining long-term interest
rates. The yield on the benchmark 10-year note has been falling over the
past two weeks on hopes the Federal Reserve will only have to raise
interest rates a few more times. Stock market bulls also point to a
positive outlook for corporate earnings.
HENRY MCVEY, CHIEF U.S. INVESTMENT STRATEGIST, MORGAN STANLEY: I think
the good news is that earnings are coming through, and I think it`s not
just the energy sector that`s delivering earnings. You`re seeing it from
some of the areas like technology, capital goods.
MILLER: In fact, Wall Street analysts expect the S&P 500 to post
double digit profit growth for the next few quarters at least. That
compares to a long-term average of less than eight percent. But even
optimistic strategists warn there are real risks that could cool off a
year-end rally.
MICHAEL RYAN, CHIEF INVESTMENT STRATEGIST, UBS: If energy prices were
to suddenly spike higher, if we were to see concerns about potential Asian
flu begin to have an impact on consumer confidence or business confidence
in the U.S., that could certainly have an impact. And the final issue here
is what if inflation is a bit higher than consensus expectations and the
Fed needs to continue to raise rates.
MILLER: Another concern is a slowdown in the housing market.
MCVEY: As long as employment`s OK, I think we`re fine on the housing
front, but that would be a real issue if employment growth started to slow
down or even turn negative.
MILLER: If the year-end rally continues, just how powerful
could it be? The bulls see gains of at least six percent for
major market benchmarks by New Year`s. 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.
11/18/05: The Budget Battle Is Over But The War Over Taxes & Spending Continues
PAUL KANGAS: House Republican leaders are giving thanks a little early
today. Late last night, they squeezed out a win on a $50 billion budget
package, but they put off action on tax cuts. As Washington bureau chief
Darren Gersh reports, that leaves investors uncertain about an extension of
the dividend tax cut, among other things.
DARREN GERSH, NIGHTLY BUSINESS REPORT CORRESPONDENT: House Republican
leaders declared a budget victory today after approving legislation to
restrain the growth of entitlement spending for the first time in almost a
decade.
REP. DENNIS HASTERT (R), HOUSE SPEAKER: What it does is start to turn
down the escalating costs of our future costs for our children and our
grandchildren. One of the things that we cannot leave to that next
generation is a huge deficit.
GERSH: But Congress cleared out for Thanksgiving without extending the
15 percent top tax rate on dividends which expires in December 2008. It
now looks like the issue will slip into next year.
ALEC PHILLIPS, WASHINGTON ANALYST, GOLDMAN SACHS: Pushing it into 2006
does create increased uncertainty. First, you`ve got tax reform, which is
going to complicate matters and also going to come up next year. Second,
election year politics are always unpredictable.
GERSH: And there is plenty of other heavy budget bickering awaiting
House and Senate lawmakers when they begin negotiations on a final budget
package in December. One example, senators voted to slap a $4 billion tax
on oil companies, drawing a rare White House veto threat.
PHILLIPS: There are certain tax provisions related to oil and gas
production which we think may be repealed. Not nearly as severe as a
windfall profits tax, but nevertheless Congress may want to take its pound
of flesh from the industry.
GERSH: Cuts in entitlement programs are also proving difficult. The
House budget bill cuts $12 billion by reducing Medicaid payments to
pharmacies and increasing beneficiary co-payments. Conservatives say that
will cut down on wasteful emergency room visits for routine illnesses. But
advocates for the low-income say the changes may actually increase Medicaid
costs.
ROBERT GREENSTEIN, CENTER ON BUDGET AND POLICY PRIORITIES: Because
some people will get sicker as a result of not filling the prescriptions or
doing the other health services they need in an effort to save money on the
co-payments.
GERSH: Deficit reduction is now balanced on a knife`s edge, passing
the House by one vote and that`s just to cut $50 billion out of a five-year
budget of $13 trillion. 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.
11/18/05: One On One With James Donald, CEO of Starbucks
SUSIE GHARIB: All those lattes and frappuccinos are adding up to big
business at Starbucks. The company reported fourth quarter results late
yesterday, posting a 23 percent jump in sales and a 21 percent gain in
earnings. Earlier today, when I talked with CEO Jim Donald, I asked him
what are the challenges that could interrupt the company`s record of
double-digit growth.
JAMES DONALD, CEO, STARBUCKS: Well, we said for the next three to five
years that we`re looking at 20 percent top line growth, 3 to 7 percent comp
growth. And the challenge that we see, our challenge that we face every
day and it`s finding the right sites which we`re already covered through
probably half way through FY `07 and making sure that we have the right
base of partners which we meticulously train and try to hire and make sure
these stores are staffed correctly. Those are our two issues, but I think
they`re well in stand and we`re well out front of them.
GHARIB: You have something like 10,000 stores worldwide and every time
I`ve been in one, in any one of them there have been a long line. How do
you keep customers to keep coming back?
DONALD: Well, we`re in the people business and we`re in the coffee
business. And our coffee, our great quality coffee, coupled with the
experience that they have, whether it`s China, whether it`s the UK or
whether it`s in the U.S., keeps the customers coming back as they connect
in with our partners and of course for our coffee.
GHARIB: Now, you`ve been adding some non-coffee items in your
business, like the CDs, food, breakfast sandwiches. Do you worry at all
that at some point this could be distracting to the success of your core
business?
DONALD: Susie, we look at the coffee house and the experience of the
coffee house and the items that -- and the merchandise, and the different
departments that we put into that coffee house as being part of that
experience. And so when you look at food, it`s always complimentary to the
beverage. When you look at music, it`s just not music, but it`s unique
music that customers have come to respect our editorial voice. And when
they come into our stores, all of that is surrounded and wrapped around
coffee and the experience and we`ll never go away from that core. That`s
what kind of keeps us between those guard rails.
GHARIB: Now, you told analysts last night during the earnings
conference call that China is going to be your biggest international
market. And I`m just wondering how are you going to hit those kind of
goals in a country where most people are tea drinkers?
DONALD: It`s a tea drinking nation quickly becoming a lover of coffee.
We have 370 stores there now and we`re finding that in China, it`s a little
different than in the U.S., that that store is really the third place where
they`re coming to meet, greet, to congregate and to share experiences. And
then when they can get the coffee that goes with it, we`re finding that
it`s just a great pair.
GHARIB: Tell us a little bit about your philosophy on pricing.
Certainly, you`ve got issues with higher costs for coffee, higher costs for
health care like any other business and yet you`ve got customers who will
have a visceral response if you raise the price of their Starbuck`s coffee.
So how do you manage through all of this?
DONALD: Well, we`re not anticipating a price increase for this fiscal
year. We took our last price increase last October, which was the first
price increase, I might add, in four years. And when we have to do this,
because of rising commodity costs, such as green coffee or dairy, it`s
actually explained to our partners who explain to it our customers. And
they seem to understand it. And, again, what we call Starbuck`s is an
affordable luxury, where you get an experience plus a great cup of coffee
and again they just kind of go hand in hand.
GHARIB: I want to talk to you a little bit about the Starbuck`s stock
because in spite of this phenomenal growth that`s been going on with
Starbuck`s, your stock is trading at the same price that it was at the
beginning of the year. Is there something that investors are missing here?
DONALD: No, I don`t think so. We`re very pleased with the performance of the
stock since we announced the split in September. And how we
treat that is, we run the business and we run the business
for the long term. And as we keep putting, whether it`s store
sites or partners in place, we keep looking at our overall
stated goal of 20 percent total revenue and 20-25 percent
EPS growth and that`s how we manage that.
GHARIB: All right, well, we`ll have to leave it there. Thank you so
much for coming on the program, Mr. Donald. We appreciate it.
DONALD: Thanks, Susie.
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.
11/18/05: "Market
Monitor" - Mark Lebovit, chief market strategist for
VRTrader.com
PAUL KANGAS: My guest market monitor this week is Mark Lebovit, chief
market strategist for vrtrader.com. And welcome back to NIGHTLY BUSINESS
REPORT Mark. Great to see you.
MARK LEIBOVIT, CHIEF MARKET STRATEGIST, VRTRADER.COM: Always glad to
be here, Paul. Thank you.
KANGAS: A lot of analysts see the recent upturn in stocks as the start
of the traditional year-end rally. Do you buy that? Or what do you believe
if there`s something else behind this rally.
LEIBOVIT: I think we have a real market here Paul. This is more than
just the year-end rally. Yes, we may see a little profit taking after
Thanksgiving and there might be some hesitation along the way. But I think
this is a multi-month move that could carry anywhere from March to next
summer. We sort of have a washout technical pattern in October which in a
way mirrored what we saw in 2002. I`m looking for a much more dynamic move
here and lasting several months and to dramatically higher levels.
KANGAS: Staying power it has. But as a technical analyst, what are
your target levels for the Dow, let`s start with that.
LEIBOVIT: I don`t know if we`re going to see it in next several
months, but I think over the course of the next year, you could really see
this Dow take off. I think in going to that 11,400 high up to possibly
13,000 as a possibility.
KANGAS: Here we are at 10,766 today.
LEIBOVIT: Right. I`m looking at the NASDAQ Composite, possibly at
2,700. It`s around 2,200 right now.
KANGAS: Right, right.
LEIBOVIT: The S&P short-term target, 1265, I think we can get to about
1430. So I mean, there`s some dramatic numbers here. If you look back,
you have to step back a bit. You got to look at the weekly and monthly
charts, not the short-term daily action and see what`s really been
happening here and this market has been climbing a wall of worry all year.
They just can`t knock this market down. With all the new stories, worry
about the war, potentially higher interest rates, overspending on the part
of the government, on and on. This market has been telling you it`s just
pent up building a base, building cause as they call to it kick off to
bigger and higher levels.
KANGAS: Wow.
LEIBOVIT: I know it sounds uncanny, but that`s what it looks like.
KANGAS: You are bullish an analyst as I`ve come across in a long time.
LEIBOVIT: Well, this might be the final thrust, the move into 2007 but
it`s there.
KANGAS: On your recent visits with us, you said you were very bullish
long term on gold. But its rise would be hampered by a strong dollar.
Well, both of these things have been rallying sharply. What is going on
here? How can they both do this?
LEIBOVIT: Well, you know, this is the problem with tying markets
together inversely. In fact I cautioned when I was on in May, you got to
be careful about this. But at the time that`s what it looked like. In
August they diverged. The dollar as we predicted continued strong and
continues strong. The dollar is in its own world (ph). Gold`s in its own
world and gold just took off here and of course, we`re sort of perennial
bulls on gold. We have a vision that we`re in a 15 or 20-year bull market,
so we try to keep positions.
KANGAS: During your last visit on May 20th, you had two buy
recommendations. Let`s have a look and so how they`ve been. Coca-Cola
just can`t seem to get out of its own way. It`s down 6 percent from $45 to
$42 and a fraction. And America West Holdings, now, this was recommended
at $5.17. It was merged into U.S. Air Group, a new stock, right?
LEIBOVIT: Correct and there was a .40 conversion between the old stock
and the new stock from the American West shareholders to the U.S. Group.
KANGAS: So That would be a big move up, in other words .4 of a share
of the new U.S. Air group, which is 33 or so, that would be worth about
$13.
LEIBOVIT: Right. It`s almost a triple. It`s unbelievable, great move
on a hometown airline here in Phoenix, unbelievable.
KANGAS: Do you have any new recommendations, new ones?
LEIBOVIT: Yes, let`s look at a few. My number one pick, Microsoft.
The stock has been building a base for the last couple three years. It`s
trading around 28. I see the stock going anywhere from the mid-30s
possibly to the low 40s. Let`s call it mid 30s. It`s actually been one of
the key factors in the NASDAQ Composite acting so strong recently.
KANGAS: OK. We just have a minute left Mark.
LEIBOVIT: OK, Cameco, CCJ, uranium play. This is sort of an
undiscovered area. A lot of people have been talking about it, but a big
move in uranium is coming with the building of uranium plants and so forth.
KANGAS: The stock had a big move already.
LEIBOVIT: A big move and I can see it doubling to 100. It`s in the
low 50s right now. Number three Miramar Mining, MNG, a low-priced gold
stock, this is a spec. It`s about a buck and a half, but this could be a
$4 or $5 stock.
KANGAS: That trades on the American.
LEIBOVIT: It trades on the American. And Finally GLD, which is the
ETF for gold bullion. We`re looking for 4500 an ounce now and $800 in the
next two or three years. So this is trading around 47, pure play on gold
bullion without owning the gold.
KANGAS: Do you personally own these securities?
LEIBOVIT: I don`t own any of these. I try to avoid buying them so
there`s no conflict. We try to buy them after we recommend them.
KANGAS: OK, well, that`s an interesting way to do it. But you like
them well enough to buy them eventually.
LEIBOVIT: We`ll try to buy them next week.
KANGAS: OK, Mark, I want to thank you very much for your observations,
most interesting.
LEIBOVIT: Thank you, Paul.
KANGAS: My guest Mark Leibovit of vrtraders.com.
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.
11/18/05: "Last Word"-Johnnie Walker's Pricey Scotch
SUSIE GHARIB: And finally tonight, it`s the ultimate gift for the ultimate whisky
lover. British drinks giant Viagio is selling a Johnnie Walker
special blend whisky for $24,000 a bottle. It`s to celebrate the 200th
anniversary of the Scotsman who created the brand. Only 200 bottles of the
high-priced spirit will be on the market, and two of them have already been
spoken for. And Paul, I know you`re going to wonder this, at 24 grand a
bottle, this stupendous scotch works out to about $860 a sip.
KANGAS: That`s enough to keep anyone from becoming an alcoholic.
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.
11/18/05: The Week Ahead
SUSIE GHARIB: Here`s a look at what`s happening next week. Our Friday
"market monitor" is Bernie Schaeffer, chairman of Schaeffer`s Investment
Research. On the economic calendar: Monday, October`s leading economic
indicators; Wednesday, the weekly reports on jobless claims, and oil and
gasoline inventories; and Thursday, the markets are closed for the
Thanksgiving Day holiday.
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.
11/15/05:
"Paul Kangas' Stocks In The News"
PAUL KANGAS: That flurry of merger activity, Hewlett-Packard`s good
earnings we told you about yesterday and a dividend boost and big stock
buyback at General Electric gave Wall Street an opening boost. The Dow
rose 40 points at the outset of trading. The NASDAQ gained nine. The blue
chips took a mid-day breather as profit takers appeared. But a drop in oil
prices to a five-month low revived stocks this afternoon and lifted the
market to its fourth straight weekly advance.
Dow industrial average closed up 46.11 at 10,766.33 today. This week,
the Dow rose three times, fell twice, had a net overall gain of 80.29
points. The NASDAQ Composite today ended up 6.61 at 2227.07 and this index
also advanced in three out of the five sessions this week for an overall
rise of 24.60 points. The Standard & Poor`s 500 Index rose 5 1/2 points
ending at 1248.27 today. Over in the bond market, the 10-year note fell
8/32 to par and 1/32nd, putting the yield at 4.50 percent.
The most active big board issue on nearly 36 million shares was
General Electric (GE) moving up $1.09. As you heard, it`s selling its
reinsurance division for almost $7 billion to Swiss Re. It`s also going to
boost its quarterly dividend by 14 percent to $0.25 a share and buy back up
to $25 billion of its own stock. On top of that, it`s going to increase its
2006 earnings growth estimate to as much as 17 percent, a lot of good news
on GE today.
Hewlett-Packard (HPQ) edged up only $0.40. After the close yesterday,
as we reported, fourth quarter earnings were better than expected but
today, a number of analysts made some cautious comments about the company`s
printer business.
Ford Motor Co (F) moving up $0.61.
Lucent Technology (LU) a $0.13 gain.
Pfizer (PFE) rose $0.25, fifth in big board volume.
Time Warner (TWX) a $0.21 gainer. Carl Icahn told the "BusinessWeek"
magazine that he plans to proxy fight next year to replace some or all of
the board members, including the chairman of the board.
The Gap Inc (GPS) down $1.45. The company in with lower third quarter
earnings, $0.24 versus last year`s $0.28. Same store sales actually dropped
7 percent and the company cut its 2006 earnings forecast from about $1.32
down to $1.15 a share. Lehman Brothers downgraded Gap stock from
"overweight" to "equal weight."
Nortel Networks (NT) moved up $0.08.
General Motors (GM) rising $1.42. The "Detroit News" reported that as
early as next week, GM`s chief exec will announce a series of plant
closures expected to eliminate up to 25,000 jobs over the next three years.
ExxonMobil (XOM) was up $0.87, tenth in big board volume.
UPS, United Parcel Service (UPS) moving up $1.33. The company will
increase commercial ground service rates by 3.9 percent next year and it`ll
boost air and international rates by 5 1/2 percent next year.
AnnTaylor Stores (ANN), the women`s apparel retailer, up $2.14. Third
quarter earnings came in at $0.42, way up from $0.19 last year and well
above the Street estimate and all of that despite flat same store sales.
Dolby Labs (DLB), the sound company, up $2.80. Fourth quarter earnings
quintupled to $0.15 versus only $0.03 last year. Revenues were up 15
percent over last year.
And Doral Financial (DRL) gained $1.37. The stock up on speculation
that the bank Popular Incorporated might just make a takeover bid.
NASDAQ`s most active Google (GOOG) coming down $3.24, but still above
$400 a share.
Amazon.com (AMZN) moved up $1.24. After the close today, amazon.com
stock was added to the Standard & Poor`s 500 index, so you saw no doubt a
little index fund buying.
Cisco Systems (CSCO) down $0.35 on that news it`s going to acquire
Scientific Atlanta for $43 a share cash. Scientific stock was up only $0.70
at $42.15. That stock has had quite a recent run up.
Microsoft (MSFT) a $0.10 gainer.
And Marvell Technology Group (MRVL) up $6.55. Third quarter earnings
at Marvell $0.29, way up from $0.15 last year. Revenues up 34 percent and
Standard & Poor`s came out with a "strong buy" on Marvell stock today.
Yahoo! (YHOO) down $0.69.
Apple Computer (AAPL) a $0.04 gain.
Intel (INTC) $0.19 rise.
Dell (DELL) down $0.02.
And Qualcomm (QCOM) was up $0.40 a share.
J. Jill Group (JILL) up $5.72. As you heard earlier, Liz Claiborne
making an $18 a share hostile takeover bid for the stock.
And a new issue, Under Armor Inc (UARM) which makes athletic wear,
12.1 million share IPO priced at $13, opened at $30.50, the high $31, had a
very good debut.
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.
11/18/05:
Market Stats
NET PERCENT
CLOSE CHANGE CHANGE
DOW CLOSE 10766.33 +46.11 + .4
HIGH 10796.26
LOW 10697.25
NASDAQ COMP. 2227.07 +6.61 +.3
HIGH 2234.30
LOW 2218.81
VOLUME 1,806.6
PREVIOUS 1,701.1
UP VOLUME 1,176.7
DOWN VOLUME 576.3
DOW TRANSPORTS 4140.69 +58.30 + 1.4
DOW UTILITIES 396.46 -1.07 - .3
CLOSING TICK +572
S&P 500 1248.27 +5.47 + .4
S&P 100 574.69 +3.52 + .6
MIDCAP 400 728.90 +1.84 + .3
REUTERS/CRB 312.74 -.47 - .2
NYSE COMPOSITE 7634.58 +33.46 + .4
VALUE LINE 408.17 +2.16 + .5
RUSSELL 2000 672.22 +5.08 + .8
DJW 5000 12495.11 +52.75 + .4
U.S. TREASURIES
5-YEAR NOTE 4.50%
Nov. 15,2010 100 11/32 -3/32 4.42
10-YEAR NOTE 4.50%
Nov. 15,2015 100 1/32 -8/32 4.50
30-YEAR NOTE 5.375%
Feb. 15, 2031 110 4/32 -19/32 4.69
LEHMAN BROS.
LONG BOND INDEX 1751.08 -4.96
DOW CLOSE 10766.33 +46.11 + .4
ADVANCES 1977
DECLINES 1321
NEW HIGHS 200
NEW LOWS 119
NET PERCENT
NYSE MOST ACTIVES 4PM CLOSE CHANGE CHANGE
GE GE 35.75 +1.09 +3.1
HPQ Hewlett-Packard 29.40 +.40 +1.4
F Ford Motor Co 8.41 +.61 +7.8
LU Lucent Tech 2.84 +.13 +4.8
PFE Pfizer 21.60 +.25 +1.2
TWX Time Warner 18.03 +.21 +1.2
GPS Gap 17.06 -1.45 -7.8
NT Nortel Networks 3.06 +.08 +2.7
GM GM 24.05 +1.42 +6.3
XOM Exxon Mobil 58.25 +.87 +1.5
NASDAQ CLOSE 2227.07 + 6.61 + .3
VOLUME 2,060.9
PREVIOUS 1,878.0
ADVANCES 1834
DECLINES 1211
NASDAQ ACTIVES
GOOG Google 400.21 -3.24 -.8
AMZN Amazon.com 47.98 +1.24 +2.7
CSCO Cisco Systems 17.02 -.35 -2.0
MSFT Microsoft 28.07 +.10 +.4
MRVL Marvell Tech Gp 57.04 +6.55 +13.0
YHOO Yahoo! 41.54 -.69 -1.6
AAPL Apple Computer 64.56 +.04 +.1
INTC Intel 25.30 +.19 +.8
DELL Dell 29.85 -.02 -.1
QCOM Qualcomm 45.93 +.40 +.9
AMEX CLOSE 1702.32 + 1.48 + .1
INDEX SHARES
DIA DIAMONDS TRUST 107.53 +.43 +.4
QQQ NASDAQ 100 41.45 +.14 +.4
SPY S&P DEP.RECEIPTS 125.13 +.56 +.5
STOCKS IN THE NEWS
UPS United Parcel 78.15 +1.33 +1.7
ANN Anntaylor Stores 30.42 +2.14 +7.6
DLB Dolby Labs 17.80 +2.80 +18.7
DRL Doral Finl 10.27 +1.37 +15.4
JILL J. Jill Group 18.51 +5.72 +44.7
UARM Under Armor 25.30 +12.30 +94.6
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