12/29/05:Housing Industry's Latest Stumbling Block
SUSIE GHARIB: As Americans get ready to ring in the
New Year, a new report out today suggests the party in real estate may be
winding down. According to the National Association of Realtors, sales of
existing homes fell 1.7 percent last month to an annual pace of just under
seven million units. But of greater concern to many, the number of
existing homes up for sale is now at its highest level since 1986.
Economists say that`s one reason they believe the housing market will
continue to weaken.
CAREY LEAHEY, SR. ECONOMIST, DECISION ECONOMICS: I would argue that
the party is over for the home building industry. They`ve peaked. There`s
a lot of anecdotal evidence that housing demand is moving lower. In
particular, in this report you are seeing a big increase in supply of co-
ops and condos and that`s probably were the most speculative demand or
investor-driven demand has been.
GHARIB: Leahey expects housing demand to fall at least 10 percent in
2006. But despite the decline, he still expects prices to rise 6 percent.
This year, the median price of an existing home nationwide has jumped more
than 13 percent to $215,000.
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.
12/29/05: The IPO Outlook for 2006
JEFF YASTINE:As 2005 wraps up on Wall Street, investors are looking ahead
to next year, encouraged in part, by the prospect of new stock offerings.
Analysts say there`s a strong pipeline of IPOs in the works, with some big
names set to start trading. Erika Miller looks back at the IPO track
record for this year and ahead to the class of 2006.
ERIKA MILLER, NIGHTLY BUSINESS REPORT CORRESPONDENT: The IPO class
of 2005 will be remembered for the dominance of one sector: energy.
DAVID MENLOW, PRESIDENT, IPO FINANCIAL NETWORK: The energy market has
consumed almost all of the oxygen in the marketplace. It has taken up
everybody`s time. It has taken up all the thought processes.
MILLER: Energy was a top performer in what was generally a strong year
for new issues overall. Two hundred thirty companies went public this
year, raising $40 billion. That`s a tad less than 2004, but more than the
previous three years. Thomson Financial predicts 2006 will be the best
year in a decade for the IPO market, with at least 300 companies going
public, raising over $50 billion. But unlike this year, experts do not see
a leading industry group emerging.
JOHN FITZGIBBON, ANALYST, IPODESKTOP.COM: As far as industry sectors
are concerned, right now I really don`t see the emergence of any. I think
initially coming into the year, we`ll see sort of a broad-based
distribution of industry sectors and as one starts to develop or catch
fire, we`ll see more falling in behind.
MILLER: Already, several well-known companies have filed to go public.
One is credit card-giant Mastercard, which wants to raise $2.5 billion.
Also in the pipeline is Chipotle Mexican Grill, the McDonald`s-owned
restaurant chain known for its big burritos. Clothing retailer J. Crew and
the Morton`s Steakhouse chain also plan to toss their hats into the ring.
Analysts say the biggest risk for the class of 2006 is a sell-off in the
overall stock market.
MENLOW: If the market does have some stumblings that it goes through
during the course of the year and people start saying that they`ve got to
protect their core investments, then the first to go is probably going to
be any aggressive posturing on the part of IPO investing.
MILLER: The IPO market is nowhere near as hot as it was back in the
late 1990s. But the difference now is that most of the firms going public
have a proven track record 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.
12/29/05:One On One With John Menzer, vice chairman of Wal-Mart
SUSIE GHARIB: A good but not great holiday season for retailers this year.
The latest surveys show that retail sales rose by 5 percent. Wal-Mart, the
world`s largest retailer, benefited from aggressive discounting and
promotions of gift cards. Joining us now to talk more about this, we`re
happy to have John Menzer, vice chairman of Wal-Mart. Mr. Menzer, thanks
for joining us.
JOHN MENZER, VICE CHARIMAN, WALMART: Merry Christmas and happy New
Year, Susie.
GHARIB: Thank you very much. What would you say was the key to your
success over this past holiday season?
MENZER: Well, we`re really focused on providing the best value to our
customer. We started our marketing campaigns early. We did something new.
We had celebrities in our advertising. Queen Latifah was very popular,
Destiny`s Child and certainly Garth Brooks.
GHARIB: The guidance that you gave for the fourth quarter for earnings
was between $0.82 to $0.86. Given that you had such a successful holiday
season, do you think that your earnings are going to come in better than
that?
MENZER: We announced last Saturday we confirmed our guidance of 2 to 4
but this holiday season still has a long way to go. We sold more gift
cards, a very good increase over last year, than we expected. Those gift
cards will be redeemed from now through quite some time. So we`re waiting
to see what the velocity of those redemptions are.
GHARIB: Do you think that that velocity and that sales momentum will
continue in into 2006?
MENZER: We`re going to continue to focus on the customer. We really
went through a transition on December 26. Our stores moved our merchandise
of our seasonal merchandise and our gift sets to one side of the store to
the 50 percent clearance and we reinvigorated the store. We brought in new
merchandise, made sure we`re in stock and had new merchandise for customers
who came back looking for something new and looking to redeem their gift
cards.
GHARIB: But we hear so much about the consumer being tapped out, about
being saddled with now holiday bills, but also with higher heating bills.
Do you think that the consumer is going to be as vigorous in coming back
and shopping in the New Year, in 2006?
MENZER: We`ve seen a pretty consistent trend throughout this year that
we saw the number of customers` visits actually down. But when they did
visit, they bought more. So their purchases were higher. That`s the trend
we`ve seen for most of the year and we would expect it to continue.
GHARIB: I know that Wal-Mart has been trying to attract higher-end
customers. I`m just wondering if that is working and what`s your strategy
there?
MENZER: We really want to have a broader assortment to show to our
large, different segments of our customer base. If you were in our stores
this week, you saw that we were very focused on, again, gift card
redemptions with music, videos, anything for electronics. MP3 players were
very good sellers right now. Accessories for electronics; iPods are very
good sellers for us. But we also are getting into January; we`re looking
at fitness equipment and tax software throughout our stores and the
customers are attracted to that.
GHARIB: Mr. Menzer, Wal-Mart has had a spate of negative publicity,
even a lawsuit about its wage and labor practices. What are you doing to
correct that?
MENZER: Well, we certainly are working very hard and we abide by all
laws, work through our customers, work through our associates to make sure
that we`re following the laws in each and every state.
GHARIB: But have you been changing your hiring and labor practices,
the rules?
MENZER: We`re continuing to monitor our progress and we keep the
highest ethical standards that we possibly can at all times.
GHARIB: All right. Let`s move on a little bit and talk a bit about
Wal-Mart stock. It has been a somewhat difficult year for Wal-Mart stock.
What are you doing and what are Wal-Mart`s goals to get that stock moving
higher?
MENZER: Well, obviously the stock moves along with earnings. We want
to continue to grow our earnings into next year. We`re very focused on
broadening that base of customer. Many of the customers are in our store
are not going throughout the store. They may be buying food or
consumables. We`d like them to see our apparel. We have a great new line
called Metro 7 which is growing so fast and selling so fast that we can`t
extend it to more than 500 stores but we`ll be doing that into next year.
We`d like them to look at our electronics and our home decor. That`s some
of our themes for next year.
GHARIB: Best of luck to you and happy New Year. Thank you for coming
on the program.
MENZER: OK, thank you very much.
GHARIB: We`ve been speaking with John Menzer, vice chairman of Wal-
Mart.
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.
12/29/05: 2006 Budget Outlook With Douglas Holtz-Eakin Outgoing CBO Director
SUSIE GHARIB: If you think keeping tabs on your budget is
tough, try keeping tabs on Uncle Sam`s. That`s what Douglas Holtz-Eakin
has done for the past three years as the director of the Congressional
Budget Office. Today was his last day in office and he talked with
Washington bureau chief Darren Gersh about the budget outlook. Darren
began by asking for a preview of the budget news for 2006.
DOUGLAS HOLTZ-EAKIN, DIRECTOR, CONGRESSIONAL BUDGET OFFICE: Certainly
I think given what we know so far, the deficit will be larger than it was
in fiscal year 2005. We had $319 billion. It`s going to be north of there
by $10, 20, $30 billion. I don`t know the exact number, but that`s largely
the result of the offsetting effects of Katrina and then higher tax
revenues coming in and then whatever Congress and the administration
proposes in policies. That will determine the ultimate number, really.
But we`ll see temporary interruption in the steady deficit improvement that
we`ve seen over the past couple of years.
DARREN GERSH, NIGHTLY BUSINESS REPORT CORRESPONDENT: Temporary
interruption? Is the good budget news -- we had some unexpectedly good
revenues coming in. Is that sort of gone and we`re looking at a longer
trend towards bad budget news?
HOLTZ-EAKIN: Well, I think that the basic picture remains the same.
Between now and 2008, `09, `10, one could expect deficits to range between
2 and 2.5 percent of national income. The exact number will depend on what
the policy people choose.
GERSH: Let`s talk about that. What is the biggest problem for the
budget long term?
HOLTZ-EAKIN: Medicare and Medicaid. Those programs reflect two
things, one of which is the aging of the population and that happens with a
great deal of certainty. And the second is rising health care costs in the
United States and historically that`s been a big cost driver.
GERSH: Explain it to people, because I think it`s very abstract but
try to put in terms that people will understand. How big are we talking
about? How big is health care spending going to be in 10, 15 years?
HOLTZ-EAKIN: Do it this way. Imagine you transport yourself to 2050.
So you go out five decades and we`ve gone through the working careers of
today`s young and they get to their retirement and they look at a Federal
budget that is Medicare and Medicaid and that`s it because they could get
as large as the current Federal government. Do you raise taxes? Do you cut
out everything else that the government does? Those are very hard choices
and those are the choices of our children. Those are the hard ones.
GERSH: Let`s talk about the choices we`re making right now because
Congress just went through a very difficult exercise to cut $40 billion out
of the budget which over five years, will be something like $14 trillion.
What does that tell you about the current appetite to take on these long-
term budget issues?
HOLTZ-EAKIN: I think (INAUDIBLE) the appetite is not very large right
now. What I think is important is that the Congress this year for the
first time in eight years used the reconciliation procedures, the special
parliamentary procedures to make it easier to cut the really big, difficult
programs like Social Security, Medicare and Medicaid, farm support
programs. And the number is less important than the fact that they did it.
GERSH: They did it, but it was at least my impression that there were
some people who came out of this exercise and said "why did we do this?
Let`s not do this again."
HOLTZ-EAKIN: And that`s a luxury that they may believe they have,
because between now and the next elections in November, there is no
particular reason why they feel they need to do it. Between now and the
next presidential election, you might imagine that you don`t have to do it.
Between now and two presidential elections, hard to imagine.
GERSH: Let`s talk about the two favored arguments that each side makes
about the budget. The Democratic side said "look, if you just repeal the
Bush tax cuts everything would be OK." True or false?
HOLTZ-EAKIN: If you just let things go, you don`t actually have to do
anything, just let things expire and do nothing else, important caveat, do
nothing else, the budget deficit will come into alignment somewhere about,
oh, seven, eight, nine years out. It will start to look like it`s close to
balanced. But then it will all fall apart as the baby boom retire and
those spending programs go up. So it`s not a solution for the long term at
all.
GERSH: Republican side, if we let the tax cuts expire, economic growth
will suffer. We can`t let that happen.
HOLTZ-EAKIN: If you let taxes on certain kinds of activities go up,
dividends, capital gains, returns to saving investment and education, those
are growth-oriented tax policies. They`ll affect the path of the economy,
but those are not, again, going to be big enough to allow us to grow our
way out of this problem. So if you manage to keep the taxes down and you
manage to support economic growth, the spending will still out strip the
growth in the economy and we`ll end up with a budget problem. So neither
is a long-run solution. Both are temporary strategies for a couple of
years.
GERSH: Doug Holtz-Eakin, CBO director, thank you very much.
HOLTZ-EAKIN: Thank you.
YASTINE: Tomorrow, our final market monitor this year, Sam Stovall,
chief investment strategist for Standard & Poor`s, wraps up things on Wall
Street.
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.
12/29/05: "Commentary"-A Tribute To Fed. Chairman Alan Greenspan
SUSIE GHARIB: Tonight`s commentator says it`s traditional at the end of the
year to look back and reflect on the people who made a difference in the
business world. So he`s doing just that. Here`s Irving R. Levine, dean of
international studies at Lynn University and former chief economics
correspondent for NBC News.
IRVING R. LEVINE, DEAN EMERITUS, INTERNATIONAL STUDIES, LYNN
UNIVERSITY: As 2005 draws to a close, my nominee for person of the year is
Alan Greenspan, who exits next month as Fed chairman. I am biased in
Greenspan`s favor since he is, as he inscribed on a photo, quote, a friend
for many decades. I admire Greenspan for holding off inflation and
recession by judicious management of interest rates. Critics who blame
Greenspan for U.S. deficits because he supported Bush tax cuts forget that
Greenspan called for compensating spending cuts.
Stock speculators should have heeded Greenspan`s warning of
"irrational exuberance" before the dot.com bubble burst. I thought
Greenspan`s gloomy expression was right for the job. When Ben Bernanke was
named to take over as head of the Fed, someone wryly observed, Bernanke is
just like Greenspan, but not as exciting. Columnist George Will once wrote
that Greenspan has the demeanor about as cheerful as Woodrow Wilson`s must
have been when he learned of the sinking of the Lusitania.
Greenspan`s convoluted speech concealed an impish wit and this
Greenspan quote could serve as a valedictory: "I know you believe you
understand what you think I said. But I am not sure that you realize that
what you heard is not what I meant, unquote. I am Irving R. Levine.
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may
be posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly
Business Report is not and should not be considered as investment
advice. Copyright (c) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
12/29/05: "Last Word"-Roto-Rooter's Weirdest Recoveries
SUSIE GHARIB: And finally tonight, we`ve all done it, dropped something down
the drain in the kitchen sink that we shouldn`t have dropped. But chances
are, you didn`t drop a live civil war cannon shell down your sink. Well,
someone did. The people at Roto-Rooter have rolled out a list of the
strangest items that their technicians found in pipes and toilets this
year. Topping the list is that cannon shell found in a Mississippi sewer.
They also found a live cat in pipes in North Carolina. And they found a
collection of GI Joes flushed down an Illinois toilet by a toddler. And
just for good measure, Jeff, that child also flushed some Matchbox cars in
after the GI Joes, maybe so the dolls could drive them?
YASTINE: Maybe, it certainly drives the profits of the plumbers who
retrieve all that stuff, that`s for sure.
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.
12/29/05: "Paul Kangas' Stocks In The News"
JEFF YASTINE: That data on existing home sales we told you about and
another inversion in bond yields weighed on stocks today. The Dow made a
small move higher at the start before fading to break even levels. The
NASDAQ was held back by weakness in semiconductor stocks. Intel shares lost
nearly 1.5 percent. Both indexes managed to tread water until the final
hour. The Dow dropped over 11 points to 10,784 and change, with the NASDAQ
falling about 11 points as well, settling at 2218 and the S&P sliding 3 3/4
points to 1254.42. And for bond watchers, the inverted yield curve was once
again evident between the two and 10-year note today. The 10-year note
finishing up 5/32 to 101 3/32, the yield at 4.36 percent.
First we`ll look at Pfizer (PFE) which dropped $0.15.
And then Lucent Technology (LU) losing $0.03.
General Motors (GM) gaining $0.40. The stock briefly touched new 20-
year lows before rebounding. Investors worry not just about shrinking
market share and GM`s labor issues, but also new pension accounting rules
that go into effect in 2006. Today GM is the worst performer on the Dow.
Verizon Communications (VZ) gaining a fraction.
General Electric (GE) rising $0.08.
ExxonMobil (XOM) which fell just a fraction.
And there`s Ford Motor Co (F) which fell $0.03. An analyst at CS First
Boston believes December sales at Ford will drop about 8 percent. The
sales are due to be announced next week.
Hilton Hotels (HLT), here`s the reaction there, jumping $1.70. It`s
buying its British counterpart Hilton Group. An analyst at JPMorgan gave
Hilton Hotels an "over weight" rating basically a thumbs up on the merger
deal.
Time Warner (TWX) rising a fraction.
Citigroup (C) up $0.11.
Take a look at Merck & Co (MRK) shares, which rose a little over 1
percent or $0.44. An analyst at Morgan Stanley setting a $38 a share price
target. That stock got as low as about $25 a share back in October before
rebounding.
Shares in Trex Co (TWP) climbing over $2. An analyst at BB&T Capital
upgraded the shares. The maker of material for backyard decks and the like
is about to raise prices on some of its products after whittling down
inventory levels.
Luby`s (LUB) gained $1.04. This is despite some problems from
hurricane Rita. The restaurant chain managed to serve up a 7 percent jump
in first quarter sales and profits rose sharply.
Moving on to Hanover Insurance Group (THG), it picked up $1.73 and it
announced a $200 million stock buyback program.
And then CBOT Holdings (BOT) rising almost $3. This is the Chicago
Board of Trade. The stock went public back in October at $54. It topped out
at better than $130 a share four days later and it`s been going sideways
since then.
Shares in Advanced Micro Devices (AMD) dropping $1.17, about 3
percent. The stock is up 38 percent on the year and the shares have sharply
outperformed those of Intel since the middle of the year.
And finally, shares in Scotts Miracle-Gro (SMG) withering over $1.
The company said first quarter losses would be larger than expected because
of seasonal weakness.
Now let`s turn over to the NASDAQ where Google (GOOG) dropped about
$6.50.
Apple Computer (AAPL) losing $2.
Microsoft (MSFT) dropping $0.12.
And Intel (INTC) losing $0.37.
And Cisco Systems (CSCO) dropping a nickel.
Celgene (CELG) climbing some more, up over $4. As you heard yesterday,
Revlimid drug approved by the FDA.
Sandisk (SNDK) losing $1.81.
Yahoo! (YHOO) dropping $0.69.
A $0.35 loss for Dell (DELL).
And Amgen (AMGN) losing $0.68.
Quidel Corp (QDEL) surging over $2. The FDA approved the use of
Quidel`s 10-minute flu testing kit for use, as useful in detecting the
presence of avian or bird flu.
Alkermes (ALKS) climbing $1.86. The company developed an injectable
drug formulation for treating alcoholism. It`s called Vivitrol and the FDA
approved the use of that treatment if Alkermes provides more clinical data.
And finally, Multi Fineline Electronix (MFLX) shooting up nearly $9.
The electronic parts maker raised its fiscal first quarter profit
estimates.
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.
12/29/05:
Market Stats
NET PERCENT
CLOSE CHANGE CHANGE
DOW CLOSE 10784.82 -11.44 - .1
HIGH 10825.24
LOW 10779.22
NASDAQ COMP. 2218.16 -10.78 -.5
HIGH 2232.89
LOW 2216.98
VOLUME 1,033.4
PREVIOUS 1,064.8
UP VOLUME 443.2
DOWN VOLUME 562.1
DOW TRANSPORTS 4241.34 +17.41 + .4
DOW UTILITIES 406.63 -.42 - .1
CLOSING TICK -101
S&P 500 1254.42 -3.75 - .3
S&P 100 572.81 -1.41 - .3
MIDCAP 400 742.21 -1.92 - .3
REUTERS/CRB 329.32 unch. unch.
NYSE COMPOSITE 7788.14 -7.62 - .1
VALUE LINE 414.66 -.53 - .1
RUSSELL 2000 677.96 -2.12 - .3
DJW 5000 12576.71 -34.13 - .3
U.S. TREASURIES
5-YEAR NOTE 4.375%
Dec. 15,2010 100 7/32 -1/32 4.33
10-YEAR NOTE 4.50%
Nov. 15,2015 101 2/32 -2/32 4.37
30-YEAR NOTE 5.375%
Feb. 15, 2031 112 26/32 +10/32 4.52
LEHMAN BROS.
LONG BOND INDEX 1778.30 -1.84
DOW CLOSE 10784.82 -11.44 - .1
ADVANCES 1609
DECLINES 1702
NEW HIGHS 79
NEW LOWS 74
NET PERCENT
NYSE MOST ACTIVES 4PM CLOSE CHANGE CHANGE
PFE Pfizer 23.45 -.15 -.6
LU Lucent Tech 2.70 -.03 -1.1
GM General Motors 19.01 +.40 +2.2
VZ Verizon Comm 30.27 +.02 +.1
GE General Electric 35.19 +.08 +.2
XOM Exxon Mobil 56.24 -.01 -.0
F Ford Motor Co 7.81 -.03 -.4
HLT Hilton Hotels 24.00 +1.70 +7.6
TWX Time Warner 17.48 +.02 +.1
C Citigroup 48.58 +.11 +.2
NASDAQ CLOSE 2218.16 - 10.78 - .5
VOLUME 1,230.5
PREVIOUS 1,232.8
ADVANCES 1362
DECLINES 1682
NASDAQ ACTIVES
GOOG Google 420.15 -6.54 -1.5
AAPL Apple Computer 71.45 -2.12 -2.9
MSFT Microsoft 26.27 -.12 -.5
INTC Intel 25.07 -.37 -1.5
CSCO Cisco Systems 17.24 -.05 -.3
CELG Celgene 64.85 +4.00 +6.6
SNDK SanDisk 62.67 -1.81 -2.8
YHOO Yahoo! 39.56 -.69 -1.7
DELL Dell 30.28 -.35 -1.1
AMGN Amgen 79.02 -.68 -.9
AMEX CLOSE 1757.54 - 1.39 - .1
INDEX SHARES
DIA DIAMONDS TRUST 107.68 -.17 -.2
QQQ NASDAQ 100 40.72 -.27 -.7
SPY S&P DEP.RECEIPTS 125.19 -.56 -.5
STOCKS IN THE NEWS
MRK Merck & Co 32.35 +.44 +1.4
TWP Trex Company 29.48 +2.55 +9.5
LUB Luby's Inc 13.01 +1.04 +8.7
THG Hanover Insurance 42.03 +1.73 +4.3
BOT CBOT Holdings 97.30 +2.80 +3.0
AMD Advanced Micro 30.53 -1.17 -3.7
SMG Scotts Miracle-Gro 45.70 -1.62 -3.4
QDEL Quidel Corp 11.76 +2.29 +24.2
ALKS Alkermes 19.65 +1.86 +10.5
MFLX Multi Fineline 47.66 +8.98 +23.2
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