12/27/05: Retailers Are Finding Plenty To Celebrate This Season
SUSIE GHARIB: Investors were busy taking advantage
of the after Christmas sales, but they weren`t shopping for stocks on Wall
Street today. The Dow posted its biggest decline in two months, losing 105
points. And the NASDAQ tumbled 22 on worries about the economy. But there
was plenty of buying in the nation`s malls, as shoppers flocked to stores
in search of bargains. Erika Miller takes a look at which retailers are
ringing up the most sales.
ERIKA MILLER, NIGHTLY BUSINESS REPORT CORRESPONDENT: Shoppers braved
heavy crowds today to take advantage of after-Christmas markdowns, exchange
unwanted presents and redeem gift cards. Experts say most retailers
probably saw modest gains this holiday season.
MICHAEL NIEMIRA, CHIEF ECONOMIST, INTERNATIONAL COUNCIL OF SHOPPING
CENTERS: I think the sales were a little uneven at any given time during
the season. But they seemingly finished on a very strong note, and pretty
much in line -- as far we can tell at this moment -- with our expectations
for a moderate season.
MILLER: The early indications are positive. According to the spending
pulse report from Mastercard, holiday spending climbed 8.7 percent ahead of
last year. But critics say that tally is overly rosy because it includes
sales of gift cards and food, which are not typically included in most
other industry benchmarks. If you factor out the extra shopping day this
year, the survey`s gains would have been closer to 5 percent. The National
Retail Federation is sticking with its holiday sales forecast of a 6
percent gain. That would be a tad below last year, but higher than the
previous four years. What`s clear is that consumer electronics stores were
big winners, thanks to strong sales of iPods and large-screen TVs.
Discounters like Wal-Mart also expect to do well, because of heavy
promotions. Another stand-out was online retailers.
ROBERT BUCHANAN, RETAIL ANALYST, A.G. EDWARDS: Internet retailing has
been growing at 25 to 30 percent now for several years. I think it
continues to crimp bricks and mortar sales and I see no end to that with 58
percent of U.S. households having high-speed Internet access now.
MILLER: Amazon.com says this was its best holiday season ever,
although it would not provide specific revenue figures. For many other
retailers, this week will be crucial to a successful season -- the seven
days after Christmas typically account for about 10 percent of holiday
sales. Analysts say the percentage could be as high as 14 percent this
year, thanks to a huge increase in gift card sales. Retailers count gift
cards sales as revenues when they are redeemed, not when they are sold.
Plus, customers using gift cards tend to spend more than their face value,
further boosting revenues. The holiday season is critical for retailers.
Analysts say it typically accounts for about half of annual sales, and an
ever bigger percentage of profits. 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.
12/27/05: Energy Outlook With Peter Rosenthal, Argus Media Group Editor
SUSIE GHARIB: Energy prices tumbled today due to forecasts calling for
milder weather over the next 10 days in the Midwest and the northeastern
sections of the country. In New York trading, crude futures for February
delivery closed down $0.27 to $58.16 a barrel and natural gas futures
tumbled to the lowest level in four months. Joining us now to talk about
the energy outlook, Peter Rosenthal, editor at Argus Media Group, an energy
industry publication. Hi, Peter.
PETER ROSENTHAL, EDITOR, ARGUS MEDIA GROUP: Hi, Susie.
GHARIB: Before we get to the outlook, I`d first like to get your take
on what happened with energy prices today.
ROSENTHAL: Well, investors have been betting that a cold winter would
boost demand a lot and when the weather turned south and it`s gotten milder
these last few days and expected to stay that way, there`s concern that the
demand will lead to even less consumption going into the New Year,
especially around the holidays. So the idea of holding on to your futures
position has dissipated over the last few days.
GHARIB: Well, weather is so fickle. I mean, how long lasting can the
impact be of these last couple of days and the next couple days of warm
weather have on the overall impact and outlook?
ROSENTHAL: Well, there`s a couple of factors driving it. One is when
you talk about the futures market, you`re talking about February delivery
at which point the heating season will come to basically an end in the
northeast. So if you don`t have strong demand going into this part of the
season, then you`re not going to need to see too much of a crunch on
supplies as some had expected. The other side of that is on the production
side. And production recovery in the Gulf of Mexico after the hurricanes
continues and has actually improved. Less than 20 percent of gas
production -- natural gas production is still offline and that`s coming
back week after week and the forecasts are for even continuing into the
first part of next year and maybe in better position than we thought going
into next summer.
GHARIB: Let`s talk about the outlook on gas prices because natural gas
-- everybody was worried about it getting to the $20 level. Now we see
it`s around $11. What is the outlook from here?
ROSENTHAL: It looks like the expectations are that by the end of the
heating season, first of all that there will be adequate supplies to go
through the winter. That was the first major concern. The second is that
prices would continue to stay in the $12 to $16 range. Well, now that
today`s decline and over the longer term we`re going to continue, I think,
to see an easing of prices going in toward the spring. Now of course in
the spot market, where you trade for next day or next week delivery, you
could see some spikes, especially if you get some sustained cold in January
or February in the New England market or in Chicago where, you know, your
demand can really explode over a couple of days it it`s subzero
temperatures.
GHARIB: Peter, what about oil prices? They are now leveling in the
mid-$50 a barrel level and that`s 40 percent higher than where they were
last year at this time but they`re still a lot less than $70 a barrel that
we saw this summer. What do you think we are going to see with oil prices
in 2006?
ROSENTHAL: Well, there`s two major things to watch out for. First is
OPEC is signaling already that in January they don`t have a formal meeting
scheduled but they`re going to watch to see where prices go and where
inventories are. Inventories have been rising despite the production
cutoffs from the hurricane and they are concerned that there`s going to be
so much in storage that the demand or that the price will collapse. So
they`re looking to potentially cut production early next year. The other
side is how quickly non-OPEC producers, especially in say, parts of West
Africa or Russia, will bring on new production at prices at these levels
that we`ve seen. The average for 2005 is about $55 a barrel in the U.S.
At prices at these levels, everybody who can has been rushing to increase
production quickly. And if that comes on stream, there`s concern about
prices going a little bit further south.
GHARIB: All right. Well, that ought to be good for a lot of consumers.
Peter, thank you very much. We really appreciate your time.
ROSENTHAL: Thank you.
GHARIB: We`ve been speaking with Peter Rosenthal, editor at Argus
Media Group.
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.
12/27/05: Climbing Commodities
JEFF YASTINE: The aircraft maker Boeing may be in line for a big sale in
Russia. Two Russian business newspapers are reporting the national airline
Aeroflot has decided to buy at least 22 new planes from the American
company. Boeing confirms it is in talks with Aeroflot, but that`s all it
would say. Those planes would reportedly be the Chicago-based company`s
new 787 Dreamliners and retail at more than $2.5 billion. The order would
be another boost for Boeing over its arch rival Airbus, which was also in
the running. Aeroflot is updating its fleet and replacing outdated,
Russian-made aircraft with foreign-made planes.
SUSIE GHARIB: Prices for the stuff that goes into making those planes have
been skyrocketing this year. Prices for all kinds of commodities from
energy to industrial metals have been going up, thanks to the rebuilding of
the Gulf coast and scorching demand from the global economy. As Diane
Eastabrook reports, most commodities are expected to continue that trend
well into next year.
DIANE EASTABROOK, NIGHTLY BUSINESS REPORT CORRESPONDENT: Industrial
metals profited this year from strength in manufacturing and the housing
boom. Analysts believe strong demand for everything from copper to
aluminum will continue next year. Precious metals like gold could be
volatile over the next few months. Its price rose more than 10 percent
this year, as investors flocked to gold as a hedge against inflation. But
some experts think gold prices will fall in early 2006 as some investors
sell it off. Meanwhile, grain -- one of the few laggards among commodities
this year -- could see prices rebound next year as demand drains this
year`s bumper crops.
RUSSELL WASENDORF, SR., CHAIRMAN & CEO, PEREGRINE FINANCIAL GROUP:
Certainly there is going to be much more demand and increasing demand out
of China and the Pacific rim and that, I think, is going to bolster the
grain market and improve prices.
EASTABROOK: Energy had the biggest price run-up this year, and
analysts think it will at the very least be volatile next year. Warm
weather in recent days has caused natural gas prices to fall, but experts
fear another cold snap, coupled with strong commercial demand, will keep
natural gas prices climbing in 2006.
PHILIP FLYNN, ENERGY ANALYST, ALARON TRADING: We`re in a new
historical norm when it comes to natural gas demand, mainly because of the
new electricity plants -- all natural gas generated. We have a boom going
on in the manufacturing sector, and I think as goes the economy, so will
too the price of natural gas.
EASTABROOK: Crude oil is also trading off its highs for the year.
Light sweet crude peaked at just over $70 a barrel in September following
hurricane Katrina. It has retreated to around $58 a barrel in recent days,
but OPEC`s threat to cut production after the first of the year is fanning
fears of another price run-up.
FLYNN: I think we`re already sowing the seeds for another bull market
in crude oil next year.
EASTABROOK: But others think OPEC`s threat is an indication that oil
demand is in an extended free-fall.
WASENDORF: I think that there is a concern among the consumer that
prices are really cutting into their pocketbook, so they`re looking for
ways to conserve and once this ball starts rolling down the hill, it tends
to keep going.
EASTABROOK: While analysts predict 2006 will be another year for
rising commodity prices, they don`t think commodities will have a huge
impact overall on inflation. Diane Eastabrook, NIGHTLY BUSINESS REPORT,
Chicago.
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.
12/27/05: The Skinny On The New Food Labeling Rules
SUSIE GHARIB: Many Americans resolve to eat a healthier diet after the
holidays by watching their fat and calories. This year they`re getting
some help with the fat part because, beginning January 1, food labels will
have to list levels of what are calls trans fats. As Darren Gersh reports,
that could also become a major competitive issue for food manufacturers.
DARREN GERSH, NIGHTLY BUSINESS REPORT CORRESPONDENT: Coming soon to a
market near you -- nothing. Food makers are busily cutting out the trans-
fat before new labeling rules take effect at the first of the year. It`s
an early taste of what will likely be the biggest health trend of 2006.
MALCOLM KNAPP, RESTAURANT ANALYST: America can hold one health idea in
its mind one at a time, in terms of focus. The one right now is trans fat.
GERSH: Trans fats are also known as partially hydrogenated vegetable
oils. They make crackers crisp, rolls flaky and extend the shelf life of
baked goods. Unfortunately, trans fats also raise levels of bad
cholesterol and increase the risk of heart disease. But cutting out the
trans fat is not always easy.
STEPHANIE CHILDS, GROCERY MANUFACTURERS ASSN: The consumer knows what
a lot of these products taste like exactly, and changing that expectation
for consumers could mean they might not buy it again.
GERSH: Grocery manufacturers say some companies are spending millions
of dollars to reformulate recipes. But consumer advocates who pushed the
FDA to adopt the new rules say it`s worth it.
MICHAEL JACOBSON, The fact that companies are moving away from trans
fat is a real boon to consumers, because trans fat, gram for gram, is the
worst fat in the food supply.
GERSH: The industry is also expecting some confusion, since the FDA
requires food manufacturers to disclose the amount of trans fat in a
product, but did not set a recommended limit on the daily intake of trans
fats. Dieticians say common sense is the best approach.
KATHERINE TALLMADGE, AMERICAN DIETETIC ASSN: The recommendation is, if
you as close to zero as possible. If you have a few grams in a day and
you`re eating an overall healthy diet and exercising, that`s probably OK.
GERSH: Restaurants are not covered by the new labeling requirements,
but the half-a- trillion dollar a year industry is reacting to the trend.
McDonald`s says it`s working to reduce trans fats, and chains like Au Bon
Pain have shifted to healthier oils. Analysts say trans fat-free could
become a competitive advantage.
KNAPP: If someone offers you a choice between something with trans
fats and something without it, as long as it`s reasonably tasty, you`ll
take the non-trans fat one at this point.
GERSH: Move over carbs, trans fat is the new food fear. 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.
12/27/05: Commentary: The Informed Investor
SUSIE GHARIB: Tonight`s commentator says it`s about time American investors were
given a chance to get really involved in corporate affairs. Here`s Laura
Unger, former commissioner of the Securities and Exchange Commission.
LAURA UNGER, FORMER SEC COMMISSIONER: There has been a lot of talk
lately about activist shareholders. For the most part, the activists are
looking to maximize shareholder return. In the era of increased corporate
responsibility and accountability, these shareholders -- which are mostly
hedge funds or private equity funds -- provide another check on management
and boards of directors. Today`s activists play in a public arena, getting
more company information into the marketplace.
This increase in information benefits investors and the market
generally. The SEC proposed recently a rule that would make it easier for
all investors to play a more activist role. Right now, shareholders who
want to bring about corporate change have to go through an expensive and
laborious process to create a paper ballot called a proxy, and mail it to
shareholders for voting. The cost and effort discourages most shareholders
from seeking change through the proxy process. The SEC`s rule proposal
would bring about a sea change in giving shareholders a real voice in the
companies they own.
The rule would allow shareholders to pose questions about company
policy or nominate board members through postings on the Internet. Using
the Internet to deliver proxy information to shareholders makes sense.
Giving shareholders a meaningful way to hold management and boards
accountable will change the dynamics of corporate America more than any
law. SEC Chairman Cox says this is only the first step in using the
Internet to get shareholders more real-time corporate information.
Congratulations to the SEC for truly empowering investors. I`m Laura
Unger.
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.
12/27/05: Last Word: Leap Second
SUSIE GHARIB: And finally tonight, you might not notice it, but next year is
going to be longer than this year. A leap second will be added to the
world`s clocks just before midnight, Greenwich mean time on New Year`s eve.
This is the 23rd leap second that has been inserted since 1972, when
countries around the world agreed to a uniform standard of timekeeping.
Those extra seconds are needed because modern atomic clocks are extremely
accurate, but the rotation of the earth is not. And so Jeff, it seems
inconsistent and has been slowing down, so leap seconds keep clocks and the
earth in sync.
YASTINE: We`ll all appreciate the extra fraction of a second we`ll
have to stay asleep that -- the following morning I guess.
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.
12/27/05: "Paul Kangas' Stocks In The News"
JEFF YASTINE: The bond market gave the stock market an unwanted gift
today -- a yield curve inversion, the first time that`s happened in five
years. The yield curve becomes inverted when short-term interest rates are
higher than long-term ones and many investors see that as a harbinger of a
recession. So, while stocks started strong a half-hour in, investors
started backing away. That trend continued into the afternoon as blue chip
and tech stocks sold off. The Dow closed off 105 points at 10,777.77,
erasing its gains for the year. The NASDAQ sliding 22.5 points at 2,226.89
and the S&P 500 closing off 12 to 1,256.54. And as for bonds, you see it
there -- the 10-year yielding 4.34 percent. But the two-year note ended
the day with a higher yield, 4.35 percent.
And starting things off today, Pfizer (PFE) losing $0.33.
No change in Lucent Technology (LU).
And there`s ExxonMobil (XOM) dropping $1.22 due to a pullback in oil
prices as milder temperatures are expected for much of the U.S. and have
been so far this winter.
General Electric (GE) falling $0.36.
Wal-Mart Stores (WMT) losing $0.61. Executives said Friday turned out
to be the busiest shopping day of the year. December sales were on target
to meet internal growth targets of 2 to 4 percent and strong sales of gift
cards may bode well for January sales.
Chesapeake Energy (CHK) sliding $1.48, again in sympathy with that
weak energy group today.
Time Warner (TWX) slipping $0.15.
Citigroup (C) losing $0.59.
And Bristol Myers (BMY) gaining $0.15. Late last week, the drug maker
won FDA approval to market its Orencia treatment for rheumatoid arthritis.
And again, Chevron (CVX) losing $1.24, another oil issue under
pressure, the stock down 15 percent from its September high.
Continental Airlines (CAL) rising $1.04. An analyst at Prudential
boosted its price target to $40 a share, saying that the air carrier should
benefit from lower fuel costs.
Shares in OfficeMax (OMX) headed south, falling over $3. The Boston
hedge fund K Capital Partners said it planned to cut its stake in OfficeMax
shares. It will not pursue a proxy fight to put new directors on the
company`s board.
Affiliated Computer (ACS) falling more than $1 on a downgrade from
Morgan Stanley. Last week, that same stock ran up on takeover talk that it
was going to be bought out by a consortium led by Texas Pacific Group.
And Whiting Petroleum (WLL) dropping $1.44 after it cut its fourth
quarter and full year gas production targets.
Over on the NASDAQ, Google (GOOG) tumbling over $6.
Apple Computer (AAPL) though gaining $0.88. Early indications for the
sales of iPods were once again a big hit as stocking stuffers this year.
Microsoft (MSFT) dropping a fraction.
Intel (INTC) losing $0.51.
And Sandisk (SNDK) gaining $1.16 for the day.
Cisco Systems (CSCO) fell a dime.
Yahoo! (YHOO) dropping $0.69.
Qualcomm (QCOM) ended off $0.75.
And Dell (DELL) dropping a quarter today.
And Ebay (EBAY) losing $0.86 and that rounds out our board here.
Sirius Satellite Radio (SIRI) advanced $0.16. Sirius says it now has
three million subscribers and triple what it had a year ago, but it still
lags behind its rival XM Satellite radio.
Bed Bath & Beyond (BBBY) rising $0.18. An analyst at Deutsche Bank
said the stock`s low price is now quote, compelling. The shares dropped
more than 12 percent Thursday after the retailer announced some sales
disappointment and a cautious forecast.
Neopharm (NEOL) jumping over $4 or more than 50 percent. It has an
experimental drug for treating an aggressive form of brain cancer. An
independent panel gave the go ahead for continued late stage clinical
trials. Analysts think that bodes well for the potential of the drug.
Neopharm remains quote, cautiously optimistic.
Catapult Communications (CATT) sliding more than $2. A revenue warning
from the maker of network communications gear. It`s cutting its first
quarter revenue estimate by up to 31 percent due to production delays and a
slowdown in sales in Japan.
NutriSystem (NTR) falling over $2.62. This weekend`s "Barron`s"
carried an article saying NutriSystems shares are overvalued given its
growth potential and the run up of the stock in 2005.
And finally, shares in Bexil Corp (BXL) surging almost $10. Bexil owns
half of York insurance services group, which is being acquired by a private
equity fund. Bexil net about $39 million on that sale.
And those are our 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.
12/27/05:
Market Stats
NET PERCENT
CLOSE CHANGE CHANGE
DOW CLOSE 10777.77 -105.50 - 1.0
HIGH 10932.82
LOW 10776.49
NASDAQ COMP. 2226.89 -22.53 -1.0
HIGH 2259.68
LOW 2226.62
VOLUME 1,157.6
PREVIOUS 941.9
UP VOLUME 230.3
DOWN VOLUME 898.6
DOW TRANSPORTS 4216.26 -50.49 - 1.2
DOW UTILITIES 409.02 -2.63 - .6
CLOSING TICK -391
S&P 500 1256.54 -12.12 - 1.0
S&P 100 574.01 -5.40 - .9
MIDCAP 400 739.25 -9.23 - 1.2
REUTERS/CRB 324.59 -1.72 - .5
NYSE COMPOSITE 7767.85 -74.05 - .9
VALUE LINE 413.41 -4.49 - 1.1
RUSSELL 2000 676.58 -9.86 - 1.4
DJW 5000 12586.30 -125.39 - 1.0
U.S. TREASURIES
5-YEAR NOTE 4.375%
Dec. 15,2010 100 11/32 +4/32 4.30
10-YEAR NOTE 4.50%
Nov. 15,2015 101 8/32 +10/32 4.34
30-YEAR NOTE 5.375%
Feb. 15, 2031 112 31/32 +22/32 4.51
LEHMAN BROS.
LONG BOND INDEX 1779.23 +4.97
DOW CLOSE 10777.77 -105.50 - 1.0
ADVANCES 1030
DECLINES 2364
NEW HIGHS 134
NEW LOWS 71
NET PERCENT
NYSE MOST ACTIVES 4PM CLOSE CHANGE CHANGE
PFE Pfizer 23.63 -.33 -1.4
LU Lucent Tech 2.75 unch. unch.
XOM Exxon Mobil 55.87 -1.22 -2.1
GE General Electric 35.06 -.36 -1.0
WMT Wal-Mart Stores 47.73 -.61 -1.3
CHK Chesapeake Energy 30.68 -1.48 -4.6
TWX Time Warner 17.53 -.15 -.9
C Citigroup 48.65 -.59 -1.2
BMY Bristol Myers 23.09 +.15 +.7
CVX Chevron 55.89 -1.24 -2.2
NASDAQ CLOSE 2226.89 - 22.53 - 1.0
VOLUME 1,289.7
PREVIOUS 1,001.2
ADVANCES 849
DECLINES 2232
NASDAQ ACTIVES
GOOG Google 424.64 -6.29 -1.5
AAPL Apple Computer 74.23 +.88 +1.2
MSFT Microsoft 26.46 -.18 -.7
INTC Intel 25.46 -.51 -2.0
SNDK SanDisk 64.20 +1.16 +1.8
CSCO Cisco Systems 17.25 -.10 -.6
YHOO Yahoo! 39.94 -.69 -1.7
QCOM Qualcomm 43.64 -.75 -1.7
DELL Dell 30.92 -.25 -.8
EBAY eBay 43.75 -.86 -1.9
AMEX CLOSE 1740.94 - 17.83 - 1.0
INDEX SHARES
DIA DIAMONDS TRUST 107.75 -1.00 -.9
QQQ NASDAQ 100 41.04 -.37 -.9
SPY S&P DEP.RECEIPTS 125.47 -1.29 -1.0
STOCKS IN THE NEWS
CAL Continental Air 21.56 +1.04 +5.1
OMX OfficeMax 24.35 -3.17 -11.5
ACS Affiliated Comp 59.68 -1.32 -2.2
WLL Whiting Petro 40.30 -1.44 -3.5
NEOL Neopharm 12.10 +4.15 +52.2
CATT Catapult Comm 14.93 -2.35 -13.6
NTRI NutriSystem 37.30 -2.62 -6.6
BXL Bexil 34.70 +9.90 +39.9
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