1/13/06: Guidant Accepts J& J's Latest Bid
JEFF YASTINE: An update on tonight`s top story, the bidding war for
Guidant. The "Wall Street Journal" is reporting that Guidant has accepted
Johnson & Johnson`s sweetened $71 a share bid. That works out to $23.2
billion. Guidant shareholders are scheduled to vote on that offer at the
end of this month. Boston Scientific says its richer offer is a better deal for Guidant
shareholders.
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.
01/13/06: Inflation Is Under Control But Wall Street Isn't Worried
PAUL KANGAS: Wholesale inflation jumped sharply in December, but Wall
Street isn`t too worried. The producer price index surged just under 1
percent last month, capping off a year when inflation at the wholesale
level rose at its fastest pace since 1990. But as Suzanne Pratt reports,
once food and energy costs were removed, inflation was far more contained.
SUZANNE PRATT, NIGHTLY BUSINESS REPORT CORRESPONDENT: Due to sharply
higher oil costs, a quick glance at the latest data on inflation looks
ominous. After all, the producer price index, which measures wholesale
costs, rose 0.9 percent in December, compared to a decrease of 0.7 in
November. December`s gain was the sharpest since September. On top of
that, wholesale prices surged 5.4 percent in 2005, up from the year
before.
It was the biggest annual gain since 1990, when energy costs surged in the
aftermath of Iraq`s invasion of Kuwait. But economists say the story on
the core rate of inflation, which excludes food and energy, is vastly
different. And, that`s what investors should focus on. Core PPI rose a
tiny 0.1 percent in December. Core inflation for 2005 gained a modest 1.7
percent.
MICHAEL MORAN, CHIEF ECONOMIST, DAIWA SECURITIES: This caps a period
of about five months where we`ve seen minimal increases in producer
prices.
Over the past several months, the only thing that has been up has been
energy. Everything else has been very well contained on the price front.
PRATT: Meanwhile, year-end incentives for cars and steep discounts on
popular holiday gifts helped ring up retail sales last month, although the
government`s gauge of retail activity was weaker than expected. Retail
sales for December increased 0.7 percent of a percent after rising a
revised 0.8 percent in November.
STEVEN RICCHIUTO, CHIEF U.S. ECONOMIST, ABN AMRO: Even in the face of
some pretty significant adjustment in short-term interest rates and some
pretty significant adjustment in energy prices, you know what, the
consumers were out there spending. They weren`t spending quite at the rate
that they were at the beginning of 2005, but they haven`t rolled over and
played dead either.
PRATT: Experts say the Federal Reserve should be pleased with the
latest data on inflation and consumer spending because it shows a healthy
economy that`s generating little price pressure. Still, most expect the
Fed to hike rates at its next meeting at the end of the month.
MORAN: I think they are likely to raise interest rates more in the
months ahead. I think they will want to have some insurance in place that
the economy does stay under control and inflation does not pick up.
PRATT: The big question among economists and investors is how long the
Fed will keep raising interest rates. Experts say that`s likely to remain
the topic of much debate in the coming weeks and months. Suzanne Pratt,
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.
1/13/06: The SEC Wants To Change The Way Executives Get Paid
JEFF YASTINE: Executive pay packages and the perks that come with them have
been a hot topic among shareholders since the Enron and Tyco scandals
unfolded a few years ago. Next week, the Securities and Exchange
Commission will roll out new rules aimed at giving investors a clearer
picture of just how much top executives are making. Stephanie Dhue has a
preview.
STEPHANIE DHUE, NIGHTLY BUSINESS REPORT CORRESPONDENT: Some companies
pay for CEO`s golf memberships, tax services and even sports tickets.
Under proposed SEC rules, expensive perks will be added to salary, bonuses
and stock options and disclosed as total compensation. SEC Chairman
Christopher Cox says the changes will let shareholders know exactly what
companies are paying executives.
CHRISTOPHER COX, CHAIRMAN, SECURITIES AND EXCHANGE COMMISSION: Right
now, what`s in place is very difficult to understand. If you`re an ordinary
investor trying to make sense of it all, you`ve certainly got to comb
through some footnotes and you`ve got to add a little of this to a little
more of that. Sometimes you can`t compare apples and apples from one
executive to another, from one company to another, but these changes will
make sure that you`ll have a common denominator between executives and
among companies and it`s basically money.
DHUE: The proposed rules would require companies to disclose in one
place the total compensation of the CEO, CFO and the next three highest
executives. Companies must disclose the dollar value of stock options and
any perks valued at more than $10,000 must be revealed, down from a $50,000
threshold now. How much executives would be paid if the company merges and
retirement plans must also be disclosed. Observers say the new rules
should help rein in excessive pay packages.
PAT MCGURN, SPECIAL COUNSEL, INSTITUTIONAL SHAREHOLDER SERVICES: I
don`t think it will bring it down necessarily. I think what it will do is
it`ll tie it much more closely to performance because boards again are
going to be on the hot seat. Boards are going to be asked to justify the
payouts that they make to CEOs.
DHUE: Already, institutional investors are putting heat on company
boards. The pension fund of AFSCME is pushing companies to let
shareholders approve executive pay packages.
RICHARD FERLAUTO, INVESTMENT POLICY, AFSCME: Essentially it`s an up or down
vote, an up or down advisory vote that shareholders would
give on executive pay. That way we could send a direct message
to boards and to compensation committees.
DHUE: Business groups say they support disclosure, but want to make
sure the information isn`t too detailed.
JOHN CASTELLANI, PRESIDENT, BUSINESS ROUNDTABLE: It`s going to be
important that the rules be balanced so that we`re disclosing information
that is useful to shareholder and others without giving out competitive
information that would be useful for company`s competitors.
DHUE: Business and investor groups agree that the devil will be in the
details of the new disclosure rules and you can be sure that both groups
will be lobbying the SEC in the coming months. Final rules are expected to
be in place by 2007. Stephanie Dhue, 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.
1/13/06: Outsourcing Oil Rigs In Singapore
JEFF YASTINE: With oil prices still running near record levels, the
race is on to open up more areas for exploration. And suddenly it seems,
everyone wants an oil rig. And the unlikely place meeting that demand is
Singapore, where 80 percent of the world`s rig-building market is
concentrated.
MIKE BARRETT, NIGHTLY BUSINESS REPORT CORRESPONDENT: They`re
certainly not small and they`re certainly not cheap, but there`s no better
time to be in the oil-rig building market.
RICHARD TAY, SHIPYARD SUPERVISOR: This is the most busiest period
that I have gone through during my 33 years here.
BARRETT: This shipyard on the tiny island state of Singapore
designs and builds 60 percent of the world`s jack-up oil rigs. These giant
platforms, often stationed miles out to sea, drill through thousands of
feet of seabed looking for oil and gas. And rigs are in short supply.
Many were destroyed or damaged by hurricane Rita. Many other rigs have
reached their life expectancy and need replacing.
MICHAEL CHIA, EXECUTIVE DIRECTOR, KEPPEL FELS: The jack up rigs
that we are building today are really complex. They are really a new kind
of generation benchmark. And these rigs will cost in the region of $120 to
$180 million.
BARRETT: Even before the hurricane hit, the offshore oil rig
business was booming, the oil industry busily searching the seas for new
oil and gas resources.
CHIA: Today we have a net order book of about 5.7 billion
Singapore dollars of contracts that will last us way into the year 2009.
BARRETT: While the bulk of that work will pass through the
Singapore shipyard, the company expanded its global footprint to follow rig
demand.
CHIA: We have set up in the U.S. (INAUDIBLE) Brownsville, Texas,
where we`re serving the Gulf of Mexico. We are in the North Sea area in
Holland. We`re in Brazil, which has done a lot of drilling and production
off the Brazilian coast (INAUDIBLE) and also in the Caspian Sea. You need
to have local presence in those markets where the activities are and where
our customers are.
BARRETT: With the a flow-through construction method, this shipyard
keeps its production lines moving while taking new orders. But the
increasing demand for rigs is drawing new competitors into the industry,
particularly from China.
CHIA: You cannot be afraid of them, you know? I think what you have
to do is try to run faster. I think what we have today, we have an edge,
we have to build on it, we have to build on our people, build on our
technology, build on our customer relationships. We`ll build on our
experience, our quality and our safety records.
BARRETT But the big question is how long will the boom last?
CHIA: I think it will last for a while. I think maybe for another
couple more years maybe, we`ll see orders coming in.
BARRETT: Demand for oil rigs is at an all-time high. This shipyard
will be working round the clock for the next four years just building the
23 jack-up oil rigs already on order and that demand is not likely to ease
off any time soon. Mike Barrett, NIGHTLY BUSINESS REPORT, Singapore.
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.
1/13/06: "Market Monitor"- James Grant, editor of "Grant`s Interest Rate Observer"
PAUL KANGAS: My guest "market monitor" this week is James Grant, editor
of the widely followed publication, "Grant`s Interest Rate Observer" and
welcome back to NIGHTLY BUSINESS REPORT, Jim.
JAMES GRANT, EDITOR, "GRANT`S INTEREST RATE OBSERVER": Thank you,
Paul, nice to be here.
KANGAS: Are you one of the ever growing crowd of analysts who
believe the Federal Reserve is nearing the end of its measured interest
rate increases?
GRANT: Gosh, I guess I am. I didn`t realize it was that big a crowd
but, yes, I am of that multitude. I think that the next increase could
well be the last.
KANGAS: That would put us under 5 percent then for the Fed funds
rate.
GRANT: It would indeed; it would take us to 4.5 percent.
KANGAS: Are you saying that the Fed sees enough figures on the
economy that it`s slowing enough to they don`t want to raise rates
anymore.
Is that the reason?
GRANT: Well, hear I borrow from the excellent Paul Casrio (ph) of
Northern Trust Company. The Fed set out to raise the funds rate to a more
normal level, more normal than, say, 1 percent. It has done that. It set
out to forestall inflation and to dampen inflationary expectations and by
some measures it has done that. It set out to dampen the speculation in
the housing market and it has done that as well. It doesn`t want to
precipitate a recession and so much of this economy is so dependent upon
housing that if it were to tighten further it just might do that. So it
seems to me that the Fed is very close to being finished.
KANGAS: Fair enough. Now, Jim, give us your assessment of incoming
Fed chief Ben Bernanke and how he might compare with Alan Greenspan.
GRANT: He is a very smart fellow, Mr. Bernanke. He is however -- he
is beset by the characteristic lack of imagination of the true intellectual
which is that he believes that he can control events rather than being
controlled by them. He is really in the price-fixing business. The Fed
itself is a price-fixing agency. It set this rate called the Fed funds
rate. Now, we have markets the world over that discover prices and
interest rates in the case of central banks. Central banks set the rates.
Mr. Bernanke is very smart, but he`s not smart enough to be a successful
long-term price controller. Nobody is.
KANGAS: OK. You think the market should set the rates, as simple as
that?
GRANT: I do.
KANGAS: OK. Now recently we experienced a few brief cases of an
inverted yield curve. That`s when short term rates are a bit higher than
long term and a lot of economists believe such an inversion is a signal of
oncoming recession. Do you subscribe to that theory?
GRANT: Sometimes such an alignment of interest rates does presage a
recession. However, in this case, the alignment was not really inverted,
that is to say short rates were about even with long rates and it was
torturing this model to say that there was a so-called inversion. So, no,
I don`t think that the yield curve is saying that.
KANGAS: It`s not a signal of an oncoming recession as far as you`re
concerned?
GRANT: No, it is not.
KANGAS: OK. On your list visit with us in early March of last year,
you recommended two securities and Korea fund up 36.8 percent and Korea
electric power up 43.3 percent, two great calls, Jim, and I compliment
you.
Are you still with them?
GRANT: God, did I say that?
KANGAS: Yes, you did.
GRANT: Yes.
KANGAS: OK, stay with it. You also said stay with golds from your
previous visit with us like Toqueville and First Eagle and Newmont
Mining and they`re way much, much much higher than they were last March so
you`ve done very well. How about some new suggestions?
GRANT: Well, my first idea, Paul is a mutual fund called Third
Avenue Value Fund. It`s run by the eminent Martin Whitman, a great value
investor of long standing. And this fund specializes in buying cheap and
safe securities. Marty wants to buy equities at a price below what he
calls readily ascertainable net asset values.
KANGAS: All right, we weren`t able to get a chart on it, but it
trades in the high 50s. I can tell you that much and we`ll get a correct
figure on that early next week. We have time for one more. We just have a
few second left.
GRANT: Japan, which I have a personal interest, as indeed I do with
Marty`s fund. Japan, I think, is in the beginnings of a terrific bull
market. Things are going right where they have been going very wrong.
KANGAS: And do you own these securities?
GRANT: I do.
KANGAS: OK. Great. Jim, I want to thank you very much for sharing
your insights with us.
GRANT: Thank you, Paul.
KANGAS: My guest, Jim Grant of "Grant`s Interest Rate Observer."
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.
1/13/06: "Last Word"-Fame
Vs. Brain
JEFF YASTINE: Finally tonight, a new poll shows kids in Britain would rather be
famous than brainy. The survey by Britain`s learning and skills council
shows one in 10 young Britons would quit school to become the next tabloid
star. The Brits have long been obsessed with celebrities -- so have
Americans -- and the data shows a growing number of children are more
interested in becoming rich and famous than getting a good education and
Paul, 9 percent of those surveyed thought fame was a great way to earn
money without skills and without qualifications.
KANGAS: The same skills and qualifications would probably keep them
from losing all that money.
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.
1/13/06: "Paul Kangas' Stocks In The News"
PAUL KANGAS: Wall Street opened modestly higher as investors shrugged off
that sharp rise in the producer price index and focused instead on the
small increase in the core rate. The smaller than expected rise in retail
sales last month reinforced the case for the Federal Reserve to stop hiking
interest rates. The Dow rose 20 points at the outset of trading, NASDAQ up
one point. The early upturn was too tepid to gain much of a following, so
sellers took control this afternoon amid caution ahead of the long
weekend.
Dow industrial average closed down just 2 1/2 points at 10,959.87.
This week, it rose twice, fell three times, still had a net gain of .56.
The NASDAQ Composite rose a fraction to 2317.04 today. It fell only once
and rose four times this week for an overall advance of 11.42 points. The
Standard & Poor`s 500 index up 1 1/2 today, ending at 1287.61. In the bond
market, the 10-year note rose 13/32 to 101 4/32, putting the yield at 4.36
percent.
Most active big board issue on 80 million shares, Lucent Technology
(LU) losing $0.06 after the company lowered its 2006 revenue forecast
because of lower than expected sales in the United States in China and that
was in the first quarter.
Then we see Tyco International (TYC) down $3.19. That split into three
publicly companies is supposed to enhance shareholder value, but as
you heard Jeff, say the company downgraded first quarter guidance from
$0.41 to $0.38. And on top of that, Citigroup downgraded Tyco shares from
"buy" to just a "hold."
Nortel Networks (NT) off $0.15.
Time Warner (TWX) $0.21 loss.
Ford Motor Co (F) slipped just $0.01. That was fifth in volume.
Then the Gap (GPS) off $0.44.
Sprint Nextel (S) moved up $0.57.
Pfizer (PFE) a $0.09 gain.
General Motors (GM) down $0.59, even though the chairman thinks it`s
going to be a better year ahead.
Advanced Micro Devices (AMD) off $1.22. Deutsche Securities downgraded
it from "hold" to "sell," citing increased competition from Intel.
IBM (IBM), another Dow stock, off $0.40 today. The SEC is beefing up
its investigation into the company`s accounting for stock option expensing.
And US Steel (X) did well today, edging up $0.58. CS First Boston
upgraded it from "neutral" to "outperform" with a $57 a share price target.
Wellpoint (WLP) down $2.05. Goldman Sachs downgraded its rating on the
managed care sector from "neutral" to "cautious" today. That affected some
other stocks in that area.
Like Aetna (AET) off $1.53.
Cigna (CI) (UNH) losing just $0.78.
But Unitedhealth Group (UNH) down $1.59 on that downgrade.
RadioShack (RSH) moved up $1.41. Prudential Securities upgraded it
from "neutral" to "over weight" and yesterday, RadioShack reported fourth
quarter same store sales were up a respectable 4 percent.
A retailer on the downside, Abercrombie & Fitch (ANF) losing $2.37
after Prudential downgraded it from "over weight" to just a "neutral" and
did the same with Ann Taylor stock, which slipped $0.98 to $32.96.
Home builders were weak today. Lennar (LEN) losing $1.24. The Raymond
James financial brokerage downgraded four of the housing stocks from
"market perform" to "under perform." Lennar was one of them. Let`s have a
look at the other three that were downgraded.
Pulte Homes (PHM) off just a fraction.
Same story with Ryland Group (RYL) and Standard Pacific (SPF), no big
losses there.
But reinforcing the argument that housing is slowing down was the Toll
Brothers (TOL) stock, off $0.47. Toll says that its new home orders are
indeed slowing.
Google (GOOG) topped the NASDAQ active list, up $2.62.
Followed by Apple Computer (AAPL) with a gain of $1.30.
But Sandisk (SNDK) was down $4.39 after Bear Stearns brokerage
downgraded it from "out perform" to just "peer perform."
Yahoo! (YHOO) lost $0.99.
Intel (INTC) an $0.18 loss. That was fifth in dollar volume.
Microsoft (MSFT) edged up a nickel.
Cisco Systems (CSCO) $0.28 loss.
Applied Materials (AMAT)down $0.67.
Rambus (RMBS) moved up $0.53.
Tenth in volume Sun Microsystems (SUMW) a $0.31 gain.
Hansen Natural (HANS) up $12.16. The company makes natural sodas
and fruit juices and Citigroup issued a "buy" recommendation on the stock
and boosted its price target from $0.88 all the way up to $130 a share.
Nektar Therapeutics (NKTR) up $1.89, over a 10 percent rise.
There`s speculation that Pfizer may try to acquire the company, which has a
product called Exubera, which is an inhalable insulin for
diabetes.
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.
01/13/06:
Market Stats
NET PERCENT
CLOSE CHANGE CHANGE
DOW CLOSE 10959.87 -2.49 - .0
HIGH 10992.69
LOW 10921.53
NASDAQ COMP. 2317.04 +.35 +.0
HIGH 2321.70
LOW 2308.16
VOLUME 1,569.5
PREVIOUS 1,704.3
UP VOLUME 753.6
DOWN VOLUME 784.3
DOW TRANSPORTS 4147.10 -1.28 - .0
DOW UTILITIES 415.85 +3.04 + .7
CLOSING TICK +622
S&P 500 1287.61 +1.55 + .1
S&P 100 584.62 +.37 + .1
MIDCAP 400 766.73 -.31 - .0
REUTERS/CRB 336.84 +2.13 + .6
NYSE COMPOSITE 8025.94 +17.85 + .2
VALUE LINE 428.60 +.53 + .1
RUSSELL 2000 708.44 +1.65 + .2
DJW 5000 12944.52 +15.97 + .1
U.S. TREASURIES
5-YEAR NOTE 4.25%
Jan. 15,2011 99 27/32 +8/32 4.29
10-YEAR NOTE 4.50%
Nov. 15,2015 101 3/32 +13/32 4.36
30-YEAR NOTE 5.375%
Feb. 15, 2031 112 18/32 +28/32 4.53
LEHMAN BROS.
LONG BOND INDEX 1778.43 +15.81
DOW CLOSE 10959.87 -2.49 - .0
ADVANCES 1844
DECLINES 1485
NEW HIGHS 114
NEW LOWS 17
NET PERCENT
NYSE MOST ACTIVES 4PM CLOSE CHANGE CHANGE
LU Lucent Tech 2.65 -.06 -2.2
TYC Tyco Intl 27.12 -3.19 -10.5
NT Nortel Networks 3.22 -.15 -4.5
TWX Time Warner 17.27 -.21 -1.2
F Ford Motor Co 8.55 -.01 -.1
GPS Gap 17.42 -.44 -2.5
S Sprint Nextel 23.35 +.57 +2.5
PFE Pfizer 24.67 +.09 +.4
GM General Motors 20.37 -.59 -2.8
AMD Advanced Micro 34.13 -1.22 -3.5
NASDAQ CLOSE 2317.04 + 0.35 + .0
VOLUME 1,783.5
PREVIOUS 2,057.1
ADVANCES 1666
DECLINES 1331
NASDAQ ACTIVES
GOOG Google 466.25 +2.62 +.6
AAPL Apple Computer 85.59 +1.30 +1.5
SNDK SanDisk 72.83 -4.39 -5.7
YHOO Yahoo! 39.90 -.99 -2.4
INTC Intel 25.79 -.18 -.7
MSFT Microsoft 27.19 +.05 +.2
CSCO Cisco Systems 18.92 -.28 -1.5
AMAT Applied Matl 20.15 -.67 -3.2
RMBS Rambus 34.25 +.53 +1.6
SUNW Sun Micro 4.71 +.31 +7.1
AMEX CLOSE 1815.46 + 22.64 + 1.3
INDEX SHARES
DIA DIAMONDS TRUST 109.57 -.19 -.2
QQQ NASDAQ 100 42.98 -.02 -.1
SPY S&P DEP.RECEIPTS 128.68 -.12 -.1
STOCKS IN THE NEWS
IBM IBM 83.17 -.40 -.5
X US Steel 50.12 +.58 +1.2
WLP Wellpoint 74.89 -2.05 -2.7
AET Aetna 89.94 -1.53 -1.7
CI Cigna 114.39 -.78 -.7
UNH UnitedHealth Gp 60.94 -1.59 -2.5
RSH RadioShack 22.90 +1.41 +6.6
ANF Abercrombie & Fit 63.76 -2.37 -3.6
LEN Lennar 63.99 -1.24 -1.9
PHM Pulte Homes 42.48 -.37 -.9
RYL Ryland Group 78.78 -.66 -.8
SPF Standard Pacific 41.12 -.38 -.9
TOL Toll Brothers 37.74 -.47 -1.2
HANS Hansen Natural 104.31 +12.16 +13.2
NKTR Nektar Therapeutic 20.00 +1.89 +10.4
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