1/03/06: The January Effect Gets Off To A Positive Start
LINDA O'BRYON: Wall Street started out the year on a
positive note. The Dow Jones industrials closed up almost 130 points after
the minutes of last month`s Federal Reserve meeting indicated the current
round of interest rates hikes may be ending. The rally was good news for
investors who believe in what`s called the "January effect," which says
trading in the first month sets the direction for all 12. Scott Gurvey
explains.
SCOTT GURVEY, NIGHTLY BUSINESS REPORT CORRESPONDENT: As January goes,
so goes the year, except when it doesn`t. That just about sums up most
market watchers` view of the so-called "January effect." Still, over the
long haul, the January effect has proven its worth more often than not.
Over the last 100 years, an up January has started an up year 74 percent of
the time, but not lately. The market has been down the last three Januarys,
although it ended up in two of the years and mixed for the third. There is
another version of the January effect which looks only at the first five
trading days. Neither notion gets much respect from the professionals.
TOBIAS LEVKOVICH, CHIEF U.S. EQUITY STRATEGIST, SMITH BARNEY: If you
look back at the past five years, for example, the first month or the first
five days of the month have had absolutely no impact whatsoever on the
markets. We don`t think looking at these historical contexts really tell
you so much. It doesn`t say anything about the underlying fundamentals.
They`re easy. They`re fun to talk about, but in reality, if everyone`s
looking at the same data, you`re pretty much not going to get great insight
there.
GURVEY: Where the insight will come, the experts say, is on the usual
fundamental and technical indicators and not by watching the calendar. On
that score, there is a surprising lack of consensus from the experts. Many
technicians see considerable volatility in the months ahead.
RALPH ACAMPORA, CHIEF TECHNICAL ANALYST, KNIGHT CAPITAL GROUP: I see
2006 being a wide, swinging market, starting up with a pretty good rally
early in the year and then maybe a noticeable decline in mid-year going
into third quarter, maybe anywhere in the neighborhood of 20 percent. But,
you know, when I say that, people get very nervous, but that 20 percent
decline, if indeed it happens, is going to set the stage for a very
exuberant second half.
GURVEY: The fundamental analysts say keep your eye on the Fed. Those
analysts believe interest rates will determine where the market ends one
year from now. Scott Gurvey, 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.
01/03/06: Gary Thayer, Chief Economist at AG Edwards On The Outlook For Interest Rates
LINDA O'BRYON: The Fed minutes indicating rate hikes might be over and those
two new reports on the economy we mentioned were scrutinized by investors
today. Also looking closely, economists looking for clues on what to
expect for 2006. Today, I talked with Gary Thayer, chief economist at AG
Edwards and began by asking him what he thought of those Fed minutes.
GARY THAYER, CHIEF ECONOMIST, AG EDWARDS: Well, the Federal Reserve
had previously signaled that policy was almost back to neutral and today`s
minutes actually signaled that the Feds nearly finished raising rates.
They`re not finished yet, but it looks like there`s some difference of
opinion on the views on how much further they should raise rates and that
indicates, I think, that the Fed probably doesn`t have a lot further to go
in raising rates.
O`BRYON: Certainly the stock market reacted strongly as we heard, the
Dow going up more than 100 points after the report was released. Do you
think the market might have been reading too much into those minutes?
THAYER: I don`t think so. We`ve - investors have had to live with the
Fed raising rates now for a year and a half and that`s been a drag on
investor sentiment, and now that the Fed may be signaling that they`re
nearly finished, I think investors may be able to look ahead and think that
the economy could be doing a little bit better when the Fed actually stops
raising rates. There has been a lot of concern that the Fed would go too
far and now it doesn`t look that way.
O`BRYON: But of course the Fed noted that monetary policy was becoming
considerably less certain, the outlook for it and future action would
depend on economic data. Generally, the market doesn`t like uncertainty,
but that wasn`t a worry today.
THAYER: No, I think this kind of uncertainty isn`t all that bad. If
the Fed were certain that they had a problem with inflation, I think the
market would be much more concerned. The fact that policy makers are a
little bit uncertain about inflation suggests that at least some members of
the old market committee think they`re making progress and inflation is not
a problem.
O`BRYON: So that was seen as a positive then.
THAYER: Absolutely.
O`BRYON: Well, earlier in the day, we had two economic reports out,
the Institute for Supply Management, known as the ISM, said factory
activity fell to its lowest level since June, but then the Commerce
Department said construction spending hit an all-time high in November.
How do you account for these two very different reports?
THAYER: On the construction spending, I think we are beginning to see
the benefits of some of the rebuilding along the Gulf coast. We are seeing
residential construction cool off a little bit. It was down in the report
today for the month of November, but we`re still seeing good public
construction and commercial construction for things like retail stores and
health facilities. So I think that construction still looks pretty good.
O`BRYON: What about for 2006? What is going to be the most significant
driver in all of the economic sectors?
THAYER: Well, you know, the manufacturing cooled a little bit in
December, but it`s finishing the year well. We think that in 2006,
manufacturing will still support the economy as will consumer spending. We
think consumers are still in pretty good shape financially, but consumer
spending will probably be more driven by jobs and income. The big support
I think is going to be business spending, with capacity utilization
increasing, companies don`t have as much excess capacity so they`ll
probably need to start expanding their facilities.
O`BRYON: So you don`t think that the housing slowdown is going to be a
detriment to the overall economy?
THAYER: It will probably dampen consumer spending, but we don`t think
it`s going to stop consumers from spending. We are still looking for good
job growth. Again, companies are in good shape financially and I think
they`ll still be adding workers and I think that will support consumer
spending even though the housing market won`t be that robust anymore.
O`BRYON: OK, well, we`ll continue to watch. Thank you very much.
We`ve been seeking with Gary Thayer, chief economist, AG Edwards.
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.
1/03/06: Independence Air Loses Altitude Amid Rising Fuel Costs
LINDA O`BRYON: After an absence of almost two decades, Southwest Airlines is
back in the skies over the mile high city. The carrier resumed service
from Denver today, flying to Las Vegas, Phoenix and Chicago`s midway
airport, with 13 flights a day and plans to add other destinations.
Southwest left Denver`s now closed Stapleton airport back in 1986, due to
high costs. Now the low-fare carrier is moving back in to challenge rival
Frontier Airlines from a different airport with lower airport fees.
PAUL KANGAS: For another low-cost carrier, the news is not so good.
Independence Air will permanently ground all of its planes on Thursday. As
Stephanie Dhue reports, experts say the carrier is the victim of high fuel
prices, a highly competitive market and a shaky business plan.
STEPHIANIE DHUE, NIGHTLY BUSINESS REPORT CORRESPONDENT: Independence
Air took its first flight 18 months ago, but the carrier never got off the
ground financially. Customers are sad to see it go.
LANCE KNIGHT, INDEPENDENCE AIR PASSENGER: I think it`s a really good
airline. You can get very good rates and, you know, it`s going to stink
that it`s going under.
MARIE HELWIG, INDEPENDENCE AIR PASSENGER: We really liked their being
on time and we were very happy with their prices, of course.
DHUE: The airline touted its leather seats, but there were never
enough passengers to fill them at fares high enough to make a profit. CEO
Kerry Skeen wanted to transform what was then called Atlantic coast
airlines, a regional carrier for United and Delta, into a stand-alone
airline. The airline used a commuter jet fleet, which put its costs per
seat-mile higher than the competition. Analysts say it was doomed from the
start.
VAUGHN CORDLE, AIRLINE FORECASTS: They grossly underestimated the
competitive response by those airlines that had a lot to lose.
DHUE: Independence Air says high fuel prices and a tough business
environment kept it from taking off.
RICK DELISI, SPOKESMAN, INDEPENDENCE AIR: In terms of the branding
and name recognition and the unbelievable support that we got from the
public, it literally couldn`t have succeed better. But economically, it
never succeeded at all.
DHUE: With "Fly-I" branded on its planes, the company burned through
$350 million cash in 18 months. It was kept aloft in the last few months
by concessions from suppliers, including GE Capital and Airbus. Analysts
say the liquidation will help competitors.
DARRYL JENKINS, AIRLINE CONSULTANT: It`s going to make it easier for
U.S. Airways on the east coast; it`s going to make it easier for Southwest
in Baltimore; it`s going to be much easier for Delta, Jetblue. Even though
they never really had that many people on their planes, really had an
enormous impact on fares on the east coast.
DHUE: Still, analysts say ticket prices shouldn`t skyrocket.
Independence Air`s last flight will be Thursday. While no one wanted to
buy the airline outright, its gate space and planes are sure to be
purchased by what were its competitors. Stephanie Dhue, NIGHTLY BUSINESS
REPORT, Dulles, Virginia.
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.
1/03/06: Toyota Shifts Into The Top Selling Spot
LINDA O`BRYON: General Motors is facing big challenges these days. For over 70 years, it has sold more cars than
any other auto maker in the world. But this year, GM is expected to
surrender that number one title to Japan`s Toyota. Lucy Craft reports.
LUCY CRAFT, NIGHTLY BUSINESS REPORT CORRESPONDENT: Toyota is
virtually a mirror image of rival GM. Unlike the Detroit car maker, Toyota
isn`t wrestling with red ink, production over capacity, and shrinking
market share in the U.S. In fact, Toyota`s Camry passenger car, Prius
hybrid, and Lexus luxury brand are the best-selling cars in their classes.
Coasting on brisk demand for its cars, Toyota has shifted into overdrive,
embarked on a furious campaign to expand its operations in North America
and worldwide. And that means this year, Toyota is positioned to zip past
the world`s long-reigning car king, GM. Observers in Tokyo say the making
of automobile history is anti-climatic.
TRANSLATION OF: NORIHITO KANAI, AUTO ANALYST, MEIJI DRESDNER ASSET
MANAGEMENT: Basically, Toyota has already been number one for many years.
GM, of course, leads in units sold, but when it comes to profitability,
quality, share price and all other measures, Toyota is undisputedly the
leader. So when their sales surpass those of GM, it will be the final
icing on the cake.
CRAFT: Analysts say Toyota has eaten GM`s lunch lately by investing
heavily in fuel-miser cars, such as the wildly popular gas-electric
hybrids. A sedan called the Toyopet Crown was Toyota`s first export to the
United States in the late 1950s. Since then, Toyota has reinvented the
modern auto factory, using its Kaizen (ph) continuous improvement system.
It`s a process widely copied throughout the industry.
TRANSLATION OF: TATSUYA MIZUNO, CORPORATES DIRECTOR, FITCH RATINGS:
Kaizen applies not only to the cars themselves, but also to the assembly
process, to cost-savings, to all aspects of their business. They are
strong on the financial side, in technical expertise, in human resources.
By any metric, they shine.
CRAFT: But Toyota`s white-hot pace of growth -- by 10 percent this
year-- clearly will strain the company`s ability to keep churning out near-
flawless cars. The Prius hybrid and the Corolla sedan were subject to
recalls last year, although analysts say the flaws were relatively minor.
Toyota officials were not available for interviews, but a spokesman
confirmed the company worries about defects slipping in as the firm expands
assembly to dozens of countries.
TRANSLATION OF: MIZUNO: They are gradually shifting production offshore, so can they
transplant the same quality process overseas successfully? Can they
cultivate the same traits in foreign workers? That`s what we`re watching.
CRAFT: And Toyota still lags behind GM when it comes to selling cars
in the world`s fastest-growing markets of Brazil, Russia, India and China,
the so-called bricks countries.
TRANSLATION OF: KOICHI SUGIMOTO, AUTO ANALYST, NOMURA SECURITIES:
Their market share is low in the bricks. The car industry is extremely
fragmented. Car consumption patterns vary from country to country, so
success in one place does not guarantee success elsewhere. I think Toyota
can be strong in the bricks, but it`s not a fait accompli.
CRAFT: Toyota built its reputation by raising the bar on quality.
Continuing to meet those now- lofty consumer expectations while racing to
the top of the industry will be the company`s greatest challenge ever.
Lucy Craft, NIGHTLY BUSINESS REPORT, Tokyo.
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.
1/03/06: "Commentary"-Diversifying With A Touch Of Japan
SUSIE GHARIB: Well, if you`re looking to diversify your investment portfolio for the
New Year, our commentator says you might want to look east. Here`s John
Waggoner, mutual fund columnist for "U.S.A. Today."
JOHN WAGGONER, MUTUAL FUND COLUMNIST, USA TODAY: Japan`s stock market
has been a 16-year tragedy, enlivened only by brief periods of pain and
terror and that`s just one reason why mutual funds that invest in Japan
might be a good buy now. The Nikkei index, the Japanese answer to the Dow
Jones Industrial Average, peaked at almost 39,000 in 1989 and plunged 80
percent since then. Japan`s property market also plunged and Japanese
banks dealt with the situation by the financial equivalent of putting their
hands over their ears and singing. They just hoped an improving economy
would bail out borrowers. It didn`t.
But in 2001, Japan`s government pressured banks to clean up bad loans
and shore up their balance sheets. It took some time, but it seems to have
worked. After a decade and a half of a sluggish economy and relentlessly
falling prices, Japan may have turned a corner. In fact, the Japanese
government reported that consumer prices actually rose for the first time
in two years in November.
Fans of the Japanese market argue that stock prices there, relative to
earnings and interest rates, are very cheap. And foreign investors, who
have avoided Japan, are now swarming back in. The average Japan fund
gained 32 percent last year, according to Morningstar, the mutual fund
trackers. If Japan`s recovery is for real, those gains could continue this
year.
What could go wrong? Plenty. Even though the Japanese don`t drive
Hummers, the country is highly dependent on foreign oil. A spike in prices
could hurt the economy. And Japanese consumers remain gloomy. But adding
a Japan fund -- or, better yet, an all-Pacific fund -- could diversify your
portfolio and even give it a boost next year, and that would be no tragedy.
I`m John Waggoner.
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.
1/03/06: "Last Word"-Social
Security's Fatal Mistake
LINDA O`BRYON: Finally tonight, the new Medicaid prescription drug plan that
went into effect on Sunday has one interesting and very unexpected result
so far. When one Indiana resident went to apply for the benefit, she found
out the government thought she was dead! She`s very much alive and rather
miffed to find out the mistake means her monthly Social Security checks
have stopped and she can`t enroll for prescription help. The Social
Security Administration says there`s no way to know how that error happened
and it is already working on restoring her benefits.
KANGAS: I hope Social Security can give her something for the headache
they caused.
O`BRYON: That`s for sure.
KANGAS: She needs it.
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.
1/03/06: "Paul Kangas' Stocks In The News"
PAUL KANGAS: A new year and a mixed bag of new data about the economy out
today. U.S. factories churned out goods at a much slower pace than
expected last month. The Institute for Supply Management`s index of
factory activity fell to 54.2 in December from 58.1 in November. But
another report out today showed the construction sector was still chugging
along towards the end of the year. The Commerce Department said
construction spending rose two tenths of a percent in November, hitting an
all time high.
That construction report and fresh first quarter investment demand
helped the Dow jump 50 points early on, while the NASDAQ rose eight points.
But then things fell apart as oil prices surged and General Motors stock
slumped. So at noon, the Dow was off 14 points. Then the Fed released the
minutes of its December meeting, hinting that interest rate hikes were
nearly over and stocks went through the roof. The Dow industrial average
came in with a gain of almost 130 points at 10,847.41. The NASDAQ Composite
jumped 38.42 ending at 2243.74. Standard & Poor`s 500 up 20.5 points to
close at 1268.80. Over in the bond market, the 10-year note gained 8/32 to
101 1/32 putting the yield at 4.37 percent.
OK, the most active big board issue as it is so often, Pfizer (PFE)
today traded 25 million shares, the stock up $0.46.
Then General Electric (GE) with a $0.32 gain.
Wal-Mart Stores (WMT) was down $0.57. Wal-Mart now sees December same
store sales rising 2.2 percent. That`s down from its previous estimated
range of growth of 2 to 4 percent.
ExxonMobil (XOM) up $2.30, participating in the rally because of
higher oil prices.
Then came Lucent Technology (LU) with a $0.03 gain. That was fifth in
volume.
Englehard Corp. (EC), this is a huge gain, up $7.85. BASF, the world`s
largest chemical firm, has made a $37 a share cash buyout bid for Englehard
which makes chemical catalyst additives and things like that, nice move in
the stock.
Sprint Nextel (S) down $0.21.
There you see it, General Motors (GM) down $0.52. And that Bank of
America lowering of the price target all the way down to $13.
Bank of America (BAC) itself was up $0.93.
And then Motorola (MOT) a $0.71 gain, fifth in - tenth in volume I
should say.
Johnson & Johnson (JNJ) another Dow stock up $1.53. JPMorgan upgraded
it from "neutral" to "over weight" in the belief the company`s forthcoming
2006 earnings guidance will be a plus for the stock. Those guidance
figures should be out on the 24th of this month.
Walgreen (WAG) up $1.13. First quarter earnings rose 5 percent over
last year to $0.34, up from $0.32 then. Sales up 10 percent, which is quite
respectable.
Then came the golds, Newmont Mining (NEM) up $3.74. New York February
gold contract in New York $532.50, up $13.60 an ounce.
Now looking at other stocks in the gold sector, we see Agnico Eagle
(AEM) up well over $2.
As was Glamis Gold (BLB), some of the smaller companies.
And then the ETF, the Streettracks Gold (GLD) did well today, up $1.54
as the precious yellow moved higher.
Big loser, Pilgrims Pride (PPC), the chicken processor, down $7.80.
The company cut its first quarter earnings guidance from about $0.80 a
share, all the way down to $0.36 to $0.41. The company cited worse than
expected sales in Europe and Mexico and lower chicken parts pieces, prices
in the U.S.
Dow Jones & Co (DJ) up $3.65. Company announced several top management
changes and also said fourth quarter earnings will be above the company`s
previous guidance.
Then trading again, CBS (CBS) recently separated from Viacom debuted
on the big board again with a nice gain thanks in part to Prudential
starting coverage with an "over weight" rating and a $30 a share target for
the stock.
Inco Ltd (N) was down $0.30. Prudential downgraded it from "neutral"
to "under weight" and cut its price target from $40 to $35 a share, citing
an oversupply of nickel currently.
Topping the active list on NASDAQ, Google (GOOG), look at that gain,
up $20.37. Piper Jaffray brokerage boosted its price target from $445 to
$600 a share.
Apple Computer (AAPL) down, up $2.86.
$0.69 gain in Microsoft (MSFT).
Sandisk (SNDK) up $4.88 doing well.
Intel (INTC) $0.61 rise. That was fifth in dollar volume.
Yahoo! (YHOO) up $1.73.
$0.33 gain in Cisco Systems (CSCO).
Amgen (AMGN) up $1.50.
Oracle (ORCL) up $0.39.
And Qualcomm (QCOM) $0.92 gain there.
Jetblue (JBLU) down $0.95. Merrill Lynch downgraded it from "buy" to
just a "neutral" rating.
And over on the American exchange, major loser, Interoil (IOC)
plunging $8.92. The company plugged and abandoned its exploratory oil and
gas well in Papua.
And those are the stocks in the news tonight.
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may
be posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly
Business Report is not and should not be considered as investment
advice. Copyright (c) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
01/03/06:
Market Stats
NET PERCENT
CLOSE CHANGE CHANGE
DOW CLOSE 10847.41 +129.91 + 1.2
HIGH 10862.78
LOW 10684.45
NASDAQ COMP. 2243.74 +38.42 +1.7
HIGH 2249.68
LOW 2189.91
VOLUME 1,915.8
PREVIOUS 1,109.7
UP VOLUME 1,536.8
DOWN VOLUME 365.0
DOW TRANSPORTS 4199.16 +3.13 + .1
DOW UTILITIES 413.55 +8.44 + 2.1
CLOSING TICK +690
S&P 500 1268.80 +20.51 + 1.6
S&P 100 579.25 +9.25 + 1.6
MIDCAP 400 749.02 +10.97 + 1.5
REUTERS/CRB 336.37 +4.54 + 1.4
NYSE COMPOSITE 7912.41 +158.46 + 2.0
VALUE LINE 417.87 +5.37 + 1.3
RUSSELL 2000 684.05 +10.83 + 1.6
DJW 5000 12713.88 +196.19 + 1.6
U.S. TREASURIES
5-YEAR NOTE 4.375%
Dec. 15,2010 100 10/32 +7/32 4.31
10-YEAR NOTE 4.50%
Nov. 15,2015 101 1/32 +8/32 4.37
30-YEAR NOTE 5.375%
Feb. 15, 2031 112 9/32 -7/32 4.55
LEHMAN BROS.
LONG BOND INDEX 1776.96 -0.81
DOW CLOSE 10847.41 +129.91 + 1.2
ADVANCES 2591
DECLINES 839
NEW HIGHS 221
NEW LOWS 57
NET PERCENT
NYSE MOST ACTIVES 4PM CLOSE CHANGE CHANGE
PFE Pfizer 23.78 +.46 +2.0
GE GE 35.37 +.32 +.9
WMT Wal-Mart Stores 46.23 -.57 -1.2
XOM Exxon Mobil 58.47 +2.30 +4.1
LU Lucent Tech 2.69 +.03 +1.1
EC Engelhard Corp 38.00 +7.85 +26.0
S Sprint Nextel 23.15 -.21 -.9
GM General Motors 18.90 -.52 -2.7
BAC Bank Of America 47.08 +.93 +2.0
MOT Motorola 23.30 +.71 +3.1
NASDAQ CLOSE 2243.74 + 38.42 + 1.7
VOLUME 2,064.9
PREVIOUS 1,353.9
ADVANCES 1907
DECLINES 1208
NASDAQ ACTIVES
GOOG Google 435.23 +20.37 +4.9
AAPL Apple Computer 74.75 +2.86 +4.0
MSFT Microsoft 26.84 +.69 +2.6
SNDK Sandisk 67.70 +4.88 +7.8
INTC Intel 25.57 +.61 +2.4
YHOO Yahoo! 40.91 +1.73 +4.4
CSCO Cisco Systems 17.45 +.33 +1.9
AMGN Amgen 80.36 +1.50 +1.9
ORCL Oracle 12.60 +.39 +3.2
QCOM Qualcomm 44.00 +.92 +2.1
AMEX CLOSE 1794.99 + 35.91 + 2.0
INDEX SHARES
DIA DIAMONDS TRUST 108.33 +1.38 +1.3
QQQ NASDAQ 100 41.31 +.90 +2.2
SPY S&P DEP.RECEIPTS 126.70 +2.19 +1.8
STOCKS IN THE NEWS
Display Name
JNJ Johnson&Johnson 61.63 +1.53 +2.6
WAG Walgreen 45.39 +1.13 +2.6
NEM Newmont Mining 57.14 +3.74 +7.0
AEM Agnico Eagle 22.04 +2.28 +11.5
GLG Glamis Gold 29.75 +2.27 +8.3
GLD Streettracks Gld 53.12 +1.54 +3.0
PPC Pilgrims Pride 25.36 -7.80 -23.5
DJ Dow Jones & Co 39.14 +3.65 +10.3
CBS CBS Class B 26.20 +2.15 +8.9
N Inco Ltd 43.27 -.30 -.7
JBLU Jetblue Airways 14.43 -.95 -6.2
IOC InterOil 17.88 -8.92 -33.3
|