01/23/06: Ford's Tough Turnaround Plan
SUSIE GHARIB: Ford Motor today announced a major
overhaul of its business. It`s cutting up to 30,000 jobs over the next six
years and reducing its manufacturing capacity by more than 25 percent. The
company says its so-called "way forward" initiative will make the auto
maker profitable within two years. Ford also said today that quarterly
earnings surged 19 percent, revving up its stock by more than 5 percent.
Diane Eastabrook reports.
DIANE EASTABROOK, NIGHTLY BUSINESS REPORT CORRESPONDENT: Ford
unveiled its second major restructuring in four years to salaried and
hourly workers this morning at the company`s Dearborn, Michigan design
center.
WILLIAM CLAY FORD, CHAIRMAN & CEO, FORD MOTOR CO.: It`s a strategy
that calls for sacrifices at all levels of the company. It puts the
customer first.
EASTABROOK: The way forward plan is expected to close 14 North
American plants, reduce production capacity by more than one million units,
cut up to 30,000 jobs, and save Ford $6 billion in material costs. Ford
only announced plant closings in: St. Louis; Atlanta; Wixom, Michigan;
Batavia, Ohio; and Windsor, Ontario, today. Future closings will be
announced later.
MARK FIELDS, PRESIDENT OF THE AMERICAS, FORD MOTOR CO.: As we look at
assembly facilities, there`s a number of different factors that go into
determining that, and it runs the gamut from demand for the product to the
manufacturing flexibility in the plant to the material logistics and how
it`s handled.
EASTABROOK: Ford rolled out today`s restructuring after reporting
fourth quarter 2005 profits that beat Wall Street forecasts. Excluding
special items Ford earned $0.26 a share, compared to $0.28 a share during
the same period last year. That was well ahead of the penny Wall Street
predicted. Despite the better-than-expected quarter, Ford`s North American
operations continue to lose money. So today`s restructuring announcement
was good news to industry watchers. Analyst were encouraged that Ford
wants to build vehicles based on what consumers want and not on what Ford
plants are currently making. They say the success of the Mustang and the
F-series pickup indicate Ford can make products Americans want to buy. But
Global Insight`s Rebecca Lindland cautions that tailoring production to
consumer demand doesn`t happen overnight.
REBECCA LINDLAND, AUTO ANALYST, GLOBAL INSIGHT: We don`t go from
runway to showroom very quickly. It`s years, it`s not days, like it can be
in the fashion industry. It`s years. So you certainly are looking at some
kind of span of time where we`re not necessarily going to see tremendous
results.
EASTABROOK: Analysts also expect the restructuring to face opposition
from the United Auto Workers union which called the plan quote, extremely
disappointing and devastating news for the many thousands of hard-working
men and women who have devoted their working lives to Ford, unquote.
JOHN NOVAK, AUTO ANALYST, MORNINGSTAR: I think you`re going to see
some very difficult labor negotiations in late 2006, early 2007, as they
work towards a new UAW contract. And for Ford to really execute on these,
plans they`re going to need the cooperation of the UAW.
EASTABROOK: Ford admits the way forward plan was short on details,
but the company says it wants the plan to be fluid so it can adjust to meet
the demands of the fickle American vehicle market. Diane Eastabrook,
NIGHTLY BUSINESS REPORT, Chicago.
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may
be posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly
Business Report is not and should not be considered as investment
advice. Copyright
(c) 2005 Community Television Foundation of South Florida,
Inc. ALL RIGHTS RESERVED. Terms of use.
01/23/06: AMEX & Bank of America Aren't Banking On A Big Year
JEFF YASTINE: Bank of America and American Express also reported fourth
quarter earnings today. Results at Bank of America were disappointing,
while American Express was in line with estimates. Erika Miller has a
rundown of the reports and the outlook going forward.
ERIKA MILLER, NIGHTLY BUSINESS REPORT CORRESPONDENT: Bank of
America is the latest company to warn of challenges in 2006. The stock
fell after the company said profits this year, excluding merger costs,
should grow in the low- to mid-single digits. That`s below its long-term
average of about 10 percent. In particular, the company says rising
interest rates will be a headwind. The news came after the nation`s
second-largest bank reported fourth quarter earnings of $0.94 a share,
excluding one-time items. That`s identical to what it earned a year ago,
but below the Wall Street estimate. The company blames the disappointment
on a surge in bankruptcy filings from customers seeking to avoid new
tougher laws that took affect in mid-October.
DENIS LaPLANTE, ANALYST, KEEFE, BRUYETTE & WOODS: Their credit
costs were higher than expected, partly related to bankruptcies, some of
which was expected. But credit losses beyond that were a little higher
than we all thought.
MILLER: Keefe, Bruyette & Woods does investment banking for Bank of
America. In addition, Bank of America`s trading profits were much weaker
than anticipated. Still, some analysts rate the stock a "buy."
LaPLANTE: They`re the leading consumer bank in the country. They
have a very diversified mix of businesses. So of the companies that I
follow, I mean they`re the only ones that I`ve had an "outperform" rating
on during 2005.
MILLER: It was a different story at American Express. Even though
the company faced increased customer bankruptcies, it still posted strong
quarterly results.
MARK HEBEKA, FINANCIAL SVS ANALYST, STANDARD & POOR`S: Almost every
area was in line. The spike in bankruptcies was projected and the marketing
expense did increase. But it was more than offset by healthy added cards
in force , as well as good spending.
MILLER: Excluding one time items, the company earned $0.59 a share,
up from $0.53 a year ago and in line with estimates. Standard & Poor`s
rates the stock a "hold," based on valuation not fundamentals.
HEBEKA: We think they are going to have a good year, a solid year.
We look for a lot of cards to be added. There`s a new dynamic to their
business where they`re starting to issue cards through other banks as well.
MILLER: The new bankruptcy laws may have hurt financial firms in
the latest quarter, but they are expected to help results going forward by
sharply reducing bankruptcy losses. 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.
1/23/06: "Market Outlook" With Jeffrey Kleintop, Chief Investment Strategist For PNC Advisors
SUSIE GHARIB: Our guest tonight is still bullish on the markets and is
sticking with his forecast of the Dow reaching 11,850 by the end of the
year and the NASDAQ closing out 2006 at the 2500 level. Joining us now
from PNC Advisors, Jeffrey Kleintop, chief investment strategist. Hi,
Jeff.
JEFFREY KLEINTOP, CHIEF INVESTMENT STRATEGIST, PNC ADVISORS: Hi.
GHARIB: Give us your analysis of why you think that the market --
major market averages can increase by 10 percent from the levels where we
are right now, especially in spite of the tough week that we had last week.
KLEINTOP: Sure. Well, overall I think this year can actually be a
little disappointing and below average for investors. But I think the
first quarter this year could be very strong relative to the last couple of
years where it was flat. Three reasons for that. One is that while we`ve
heard a lot about some high-profile earnings disappointment, but you know
what, 61 percent of companies are beating estimates. We`re only a fifth of
the way through the earnings season. I think as we hear from companies in
the energy sector, the industrial sector and health care, we`re going to
get a better tone to earnings reports. That, I think, will help.
Plus, the Fed is nearly finished with their rate tightening. We`ve
heard this a number of times now, but keep in mind the market has never
been down 12 weeks ahead of the end of the Fed tightening. I think that`ll
be a plus and last, the shareholder revolution that`s taking place in
corporate America, where companies are aggressively returning value to
shareholders. Keep in mind, February`s the peak month for dividend
initiations and increases. I think that will also create a positive
backdrop for stocks in the first quarter.
GHARIB: Well, those are all very good points that you make, but
also one of the big issues for investors last week was the rising -- the
rise in the oil prices. And there were some estimates from people that we
talked to of $100 a barrel of oil. That, of course, would have an impact
on consumer spending and on the economy. Isn`t that a concern of yours as
well?
KLEINTOP: Well, high oil prices are certainly a concern. If we saw
them in the super peak scenario run up to $100, I think they`ll be very
significant, mostly in terms of what it means for the price of gasoline.
But even given the fact that oil prices are up $10 I think, over the last
four weeks or so, gasoline prices haven`t really moved that much. That`s
really the primary mechanism where energy prices affect the consumer. That
hasn`t happened. We have a lot of gasoline. And heating oil prices and
natural gas have come down as well. So I think if those remain contained,
the consumer can hang in there, slow a bit from the pace of last year, but
remain a positive force for the markets.
GHARIB: Let me toss in another risk factor. We`ve seen housing
prices and housing industry slow down a little bit and we`ve also seen the
retail spending turning a little bit weaker. What are your thoughts on
that?
KLEINTOP: Housing is critical. There`s never been a time when the
economy, consumer spending and the markets have been more closely tied than
they are now with housing. I think a cooling in the house market, though,
could actually be very good. I think that`s what we`re seeing. If you
look to the UK and the Australian housing markets, when they peaked a
couple of years ago, we actually saw better returns on their equity markets
as investors turned from putting their capital into their home to the
financial markets. I think that could act as a positive here as well, if
we don`t have a bit spike in interest rates and see housing collapse. But
I think overall housing will remain supportive for spending.
GHARIB: We have about a minute left. Give us the names of one or
two stocks that you think are good purchases for long-term investors for
2006.
KLEINTOP: Well, we may be getting an opportunity right now in Texas
Instruments. They reported tonight they have a good problem, which is they
can`t make enough product to meet demand. Now assuming they can hit those
execution targets, whether it`s single chip cell phone technologies or DLPs
for digital televisions, I think they`re well positioned. Texas
Instruments is a stock I own and one we recommend to clients and Cisco
Systems. This is a company that`s making the technology necessary for the
wire line telecommunication companies to deliver television over the phone
line and lots of new services and technologies to help them compete with
cable companies necessary for their survival. I think they`re going to
spend and Cisco, a beneficiary there. I also own that and we recommend
that to clients as well.
GHARIB: And do you own that stock also, Jeff?
KLEINTOP: I do.
GHARIB: OK, great. Thank you so much. You`ve given us a lot to
think about in this difficult market. We appreciate you coming on the
program.
KLEINTOP: Thanks, Susie.
GHARIB: We`ve been speaking with Jeffrey Kleintop, chief investment
strategist at PNC Advisors.
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.
1/23/06: The President's Wiretap Woes Could Entangle The Internet & Telecomm Companies
JEFF YASTINE: President Bush today called on China again to float its
currency and asked the Chinese to quote, treat us the way we treat you" end
quote. The president noted the huge trade imbalance with the communist
nation and warned that if China chooses to dump products like textiles on
the U.S. market, it will be held accountable. Part of that huge trade
imbalance stems from China`s currency peg. It revalued the yuan by 2.1
percent last July, but U.S. manufacturers and the president say China`s
currency is still undervalued.
GEORGE W. BUSH, PRESIDENT OF THE UNITED STATES: You got to let your
currency float, the market, currency ought to be priced to the market, not
by government edict.
YASTINE: President Bush also defended his use of domestic wiretaps
today. The president is on the offensive as Congress prepares hearings
next month into whether the president could legally authorize the wiretaps
without a warrant. As Stephanie Dhue reports, it`s an issue
telecommunications and Internet companies have to deal with, too.
STEPHANIE DHUE, NIGHTLY BUSINESS REPORT CORRESPONDENT: President Bush
told a crowd at Kansas State University he authorized domestic
eavesdropping to fight the war on terror.
BUSH: I told you it`s a different kind of war with a different kind
of enemy. If they`re making phone calls into the United States, we need to
know why to protect you.
DHUE: In the middle of the debate are telecommunications and
Internet companies. Lawmakers have already asked 20 firms, including AT&T
and Microsoft, if they`d cooperate in the government surveillance program.
Legal experts say companies could be liable if the searches are found
illegal.
JONATHAN TURLEY, GEORGE WASHINGTON UNIVERSITY: Telecom companies
are not allowed just to take a wink and a nod. They`re not allowed to get
a phone call from the White House and just say, "sure, I`ll help out." They
have an independent obligation to confirm that what they do is lawful; that
the request for surveillance is based upon some lawful means.
DHUE: In a separate case, Google is fighting to keep from giving the
government information about search requests. Civil liberties activists
are encouraging companies to follow their lead.
ANTHONY ROMERO, EXECUTIVE DIRECTOR, ACLU: Businesses have to worry
about their bottom line. And if it`s costing them too much money to be a
part of these broad-scale fishing expeditions, then they have to worry
about whether or not it`s really worth it after all.
DHUE: Telecommunications companies have a long history of
cooperating with law enforcement. Some analysts say that`s unlikely to
change even with the current legal scrutiny.
SCOTT CLELAND, CEO, PRECURSOR: The clash that`s going on is
between the Congress and the executive branch and the companies are pawns.
I believe they will probably be sued, but I don`t think they are really
going to be that vulnerable.
DHUE: With increased attention on government surveillance and
privacy issues, experts say companies will want to be sure they have good
answers when customers ask how their information is being used. 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.
1/23/06: "Commentary"- China's Economic Growth Is Worth Respect But Not Worry
SUSIE GHARIB: In tonight`s commentary, one view of why China could never be as
strong an economic power as the United States. Here`s Glenn Hubbard, dean
of the graduate school of business at Columbia University and former
chairman of the White House Council of Economic Advisers under President
George W. Bush.
GLENN HUBBARD, GRADUATE SCHOOL OF BUSINESS, COLUMBIA UNIV.: China`s
rapid growth rate is provoking amazement and fear. China`s growth --
recently 9 percent per year in real terms -- is improving the living
standards of the vast population of China, but it is raising the specter of
projectionist backlash in the United States. The fear is overblown and
cooler policy heads should prevail.
First, let`s put China`s growth in perspective. U.S. GDP stands
today at six times that of China. Even if China`s GDP grew at 11 percent
indefinitely -- 9 percent real plus 2 percent inflation -- while the United
States grew at 5.5 percent -- 3.5 percent real and 2 percent inflation --
it would take China 40 years to catch the U.S. And there`s another factor.
While Chinese authorities expect 11 percent nominal growth in 2006, that
rate of growth is very unlikely over the longer run, especially if China
delays reforms in its creaky domestic financial system which allocates
capital poorly, taxing entrepreneurship.
By contrast, the healthy and highly productive U.S. economy can
grow at a 3.5 percent real rate for a very long time. China is not going
to overtake U.S. economic leadership in the foreseeable future, but U.S.
policymakers should replace irrational fears about China with attempts to
encourage greater openness and the rule of law in China, while encouraging
Americans to save more to finance this country`s growth. I`m Glenn
Hubbard.
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.
1/23/06: "Paul Kangas' Stocks In The News"
JEFF YASTINE: Investors were hoping to reduce losses in the broader
markets today, as the major indexes managed to tread water following the
Dow`s 200-point loss on Friday. The Dow ran about 60 points higher in the
early going. Ford`s restructuring announcement helped add support to Dow
components like General Motors, which jumped nearly 9 percent.
The NASDAQ attracted its share of buyers, with its shares of Google
and Yahoo! rising sharply after the NASDAQ`s nearly 50-point loss on
Friday. So the Dow finishes the day, rising 21 points to 10,688 and the
NASDAQ Composite rising a fraction to 2248 1/2 and the S&P 500 advancing 2
points to 1263. In the bond market, little reaction to the Conference
Board`s December index of leading economic indicators, which is suggesting
growth in the first part of this year, but a slowing in the second half.
So the 10-year note dipping 3/32 to 101 3/32, the yield at 4.36 percent.
And as we told you at the top of the program, there`s the reaction in
Ford Motor Co (F) rising $0.42. Investors taking the auto maker`s new
restructuring plan out for a test drive.
General Electric (GE) slipping $0.08.
And there` Albertson`s (ABS) reaction, up $1.31, a positive reaction
to the grocery chain`s agreement to be bought out by CVS and Supervalu.
General Motors (GM) gaining $1.80. That`s up in sympathy with Ford`s
restructuring announcement and helped the Dow today.
Pfizer (PFE) picking up $0.18.
Then we look at Bank of America (BAC) falling $0.23. As you heard a
moment ago, the banking giant`s profits hurt by a surge in bankruptcy
filings ahead of stricter rules which went into effect back in October.
Excluding items, earnings came in at $0.94 a share. That was $0.08 below
Street estimates.
Motorola (MOT) falling $0.31.
Time Warner (TWX) gaining a fraction.
Lucent Technology (LU) losing a nickel.
And Citigroup (C) rising $0.31.
Now here`s another earnings disappointment in technology, Texas
Instruments (TXN), profits in the fourth quarter grew by 14 percent to
$0.40 a share, but that was $0.02 below analyst estimates. Sales also fell
shy of Wall Street projections and that stock down over $1 in after hours
trading.
American Express (AXP) picking up $0.04. The Dow component reported a
17 percent drop in fourth quarter profits. Earnings fell to $0.59 a share
from $0.71 a share in the year ago period.
Disney (DIS) dropped $0.20. It`s trying to sell the assets of ABC
Radio. Citadel broadcasting is reportedly emerged as the lead bidder for
between 2 1/2 to $3 billion.
Shares in Remington Oil & Gas (REM) gushing to an all-time high,
rising nearly $7. It will be acquired by Cal-Dive International for cash
and stock worth just under $1.5 billion. That deal works out to a little
over $45 a share.
Investors scoring big with Sports Authority (TSA). The stock jumped
nearly $6. That chain getting a buyout offer from senior executives and a
private equity firm Leonard Green & Partners. The group is offering
shareholders 37 1/4 share in cash for control of the retailer.
Energizer Holdings (ENR) raking in stronger than expected profits,
rising over 4 -- $5 rather. First quarter profits weighing in at $1.77 a
share. That was $0.16 above analyst estimates.
And on the downside, KB Home (KBH) falling $1.75. An analyst at J&P
Securities cutting earnings targets on the home builder because of fears
about a slowdown in the U.S. home construction industry.
Now let`s look at the NASDAQ where Google (GOOG) rebounded over $28
from Friday`s $37 loss amid concerns about that subpoena from the Justice
Department over a week`s worth of search data. An analyst at Piper Jaffray
defended Google and repeated a $600 a share price target on the stock.
Intel (INTC) losing $0.41. In the last four trading sessions, that
stock`s down about 15 percent since Intel announced those disappointing
results last week.
Apple Computer (AAPL) up more than $1.50.
Microsoft (MSFT) losing a fraction.
Sandisk (SNDK) gaining more than $4.
Amgen (AMGN) falling $0.78. An analyst at AG Edwards noting Amgen`s
anemia drug will soon have competition from the Swiss drug giant Roche
which is seeking marketing approval here in the U.S.
Yahoo! (YHOO) jumping $0.43, but also a big loser through the past
week`s worth of trading.
Cisco Systems (CSCO) losing $0.35.
eBay (EBAY) down $1.27.
And Dell (DELL) gaining $0.26.
Research in Motion (RIMM) sliding over $2. The U.S. Supreme Court
refusing to hear the Canadian firm`s appeal as it fights its patent
infringement case over its Blackberry technology with NTP.
And finally, on the American Exchange, shares in Sulphco (SUF) plunged
over $9 after "Barron`s" wrote a negative article about the stock and that
stock was just a $4 issue only about two months ago.
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.
01/23/06:
Market Stats
NET PERCENT
CLOSE CHANGE CHANGE
DOW CLOSE 10688.77 +21.38 + .2
HIGH 10737.04
LOW 10666.35
NASDAQ COMP. 2248.47 +.77 +.0
HIGH 2256.24
LOW 2241.02
VOLUME 1,657.8
PREVIOUS 2,124.8
UP VOLUME 1,037.2
DOWN VOLUME 600.8
DOW TRANSPORTS 4175.75 +17.27 + .4
DOW UTILITIES 421.74 +.43 + .1
CLOSING TICK +848
S&P 500 1263.82 +2.33 + .2
S&P 100 572.54 +1.03 + .2
MIDCAP 400 761.34 +2.73 + .4
REUTERS/CRB 344.78 -.37 - .1
NYSE COMPOSITE 7953.92 +51.65 + .7
VALUE LINE 425.03 +1.44 + .3
RUSSELL 2000 707.82 +3.22 + .5
DJW 5000 12744.32 +29.29 + .2
U.S. TREASURIES
5-YEAR NOTE 4.25%
Jan. 15,2011 99 26/32 -1/32 4.30
10-YEAR NOTE 4.50%
Nov. 15,2015 101 3/32 -3/32 4.36
30-YEAR NOTE 5.375%
Feb. 15, 2031 112 17/32 -4/32 4.53
LEHMAN BROS.
LONG BOND INDEX 1775.42 -.17
DOW CLOSE 10688.77 +21.38 + .2
ADVANCES 2142
DECLINES 1202
NEW HIGHS 153
NEW LOWS 30
NET PERCENT
NYSE MOST ACTIVES 4PM CLOSE CHANGE CHANGE
F Ford Motor Co 8.32 +.42 +5.3
GE General Electric 33.29 -.08 -.2
ABS Albertson's 25.42 +1.31 +5.4
GM General Motors 21.85 +1.80 +9.0
PFE Pfizer 24.89 +.18 +.7
BAC Bank Of America 43.96 -.23 -.5
MOT Motorola 22.18 -.31 -1.4
TWX Time Warner 17.09 +.02 +.1
LU Lucent Tech 2.50 -.05 -2.0
C Citigroup 46.00 +.31 +.7
NASDAQ CLOSE 2248.47 + 0.77 + .0
VOLUME 1,964.2
PREVIOUS 2,398.8
ADVANCES 1645
DECLINES 1386
NASDAQ ACTIVES
GOOG Google 427.50 +28.04 +7.0
INTC Intel 21.35 -.41 -1.9
AAPL Apple Computer 77.67 +1.58 +2.1
MSFT Microsoft 26.35 -.06 -.2
SNDK SanDisk 72.59 +4.20 +6.1
AMGN Amgen 74.90 -.78 -1.0
YHOO Yahoo! 34.17 +.43 +1.3
CSCO Cisco Systems 18.16 -.35 -1.9
EBAY eBay 43.70 -1.27 -2.8
DELL Dell 30.22 +.26 +.9
AMEX CLOSE 1831.82 + 6.55 + .4
INDEX SHARES
DIA DIAMONDS TRUST 106.85 +.38 +.4
QQQ NASDAQ 100 41.26 +.01 +.0
SPY S&P DEP.RECEIPTS 126.42 +.45 +.4
STOCKS IN THE NEWS
TXN Texas Instrument 31.70 +.04 +.1
AXP American Express 51.44 +.04 +.1
DIS Disney 25.52 -.20 -.8
REM Remington Oil 44.80 +6.84 +18.0
TSA Sports Authority 36.70 +5.65 +18.2
ENR Energizer 54.50 +5.07 +10.3
KBH KB Home 74.98 -1.75 -2.3
RIMM Rsch In Motion 64.25 -2.37 -3.6
SUF Sulphco 10.22 -9.38 -47.9
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