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Program: Tuesday, January 3, 2006

The January Effect Gets Off To A Positive Start
Gary Thayer, Chief Economist at AG Edwards On The Outlook For Interest Rates
Independence Air Loses Altitude Amid Rising Fuel Costs
Toyota Shifts Into The Top Selling Spot
"Commentary"-Diversifying With A Touch Of Japan
"Last Word"-Social Security's Fatal Mistake
Paul Kangas' Stocks In The News
Market Stats

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









 

 

 

 

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