INDICES:
[DJIA] Closed up 127.28 to 10652.66, a gain of 1.20%
[Nasdaq] Closed down 7.95 to 2618.55, a loss of 0.30%
[S&P] Closed up 8.10 to 1326.65, a gain of 0.61%
[30-Year Bond] Closed down 0.37% to 55.97%
MOVERS:
Largest Point Gainers: (INFY)+11 15/16, (CIMA)+10 3/16, (SMMX)+9 11/16, (CRGN)+9 5/16, (FCEL)+8 3/8, (APWR)+8 1/16
Largest % Gainers: (CUSM)+129.3%, (BWAY)+95.0%, (ACTP)+71.4%, (IONN)+64.7%, (TDDD)+56.0%, (SVI)+52.9%
SHAKERS:
Largest Point Losers: (VRSN)-6 9/16, (PLXS)-6 ½, (MTH)-5 15/16, (FSH)-5 15/16, (VRTS)-15 13/16, (SDLI)-5 13/16, (DCTM)-5 13/16
Largest % Losers: (CQB-A)-54.3%, (CQB-B)-50.0%, (CQB)-47.9%, (CLKS)-47.0%, (GSTRF)-45.9%, (ACRU)-39.1%
IPO's: none
SPLITS:
-Companies trading on a split adjusted basis today-
(DFXI) Direct Focus, Inc, 3 to 2
-Companies trading on a split adjusted basis Wednesday-
(EAT) Brinker International, 2 to 1
(SCHL) Scholastic Corp, 2 to 1
UPGRADES:
Buckingham Research Grp Ups Vitria Tech To Accumulate (VITR)
Banc Of America Hikes Emerson Electric Target $5 To $85 (EMR)
BB&T Upgrades Quaker Fabric To Strong Buy From L-T Buy (QFAB)
CS First Boston Boosts Intraware To Buy From Hold (ITRA)
CS First Boston Hikes Jabil Circuit Target By $10 To $47 (JBL)
CS First Boston Lifts Office Depot To Buy From Hold (ODP)
CS First Boston Upgrades Black & Decker To Buy From Hold (BDK)
CS First Boston Upgrades Centex To Buy From Hold (CTX)
CS First Boston Upgrades Intraware To Buy, $10 Target (ITRA)
CS First Boston Upgrades Office Depot To Buy, Sets $13 Goal (ODP)
CSFB Lifts Covenant Target To $16-$18 From $12-$13 (CVTI)
CSFB's Zelman Upgrades Centex, Black & Decker To 'Buy' (CTX)
Deutsche Banc Lifts Vail Resorts To Buy From Mkt Perform (MTN)
Deutsche Banc Ups Citadel Commun To Buy (CITC)
FBR Upgrades BB&T, Washington Federal To Buy (BBT)
Friedman Billings Upgrades BB&T To Buy From Accumulate (BBT)
Friedman Billings Ups Washington Federal To Buy, $30 Goal (WFSL)
Jefferies Hikes Shaw Group Target $5 To $53, Reits Buy (SGR)
Lehman Hikes John Hancock Fin'l Target To $45 From $35 (JHF)
Lehman Upgrades AvalonBay To Buy From Outperform (AVB)
Lehman Ups Reckson Assoc To Outperform From Neutral (RA)
Merrill Hikes Nabors Ind. Target $5 To $80, Keeps At Buy (NBR)
Prudential Upgrades CuraGen To Strong Buy From Buy (CRGN)
Raymond James Upgrades Province Healthcare To Buy (PRHC)
Robertson Stephens Adds Harrah's To 'Favorites' List (HET)
Salomon Upgrades Coventry Health To Buy From Neutral (CVTY)
Salomon Ups Stillwater Mining Goal $10 To $50, Keeps Buy (SWC)
SG Cowen Upgrades I-many To Strong Buy, $21 Target (IMNY)
Stephens Inc. Upgrades Vastera To Buy From Outperform (VAST)
UBS Warburg Increases Cooper Cos. Goal To $53 From $46 (COO)
DOWNGRADES:
Adams Harkness Cuts Ariba To Mkt Perform From Buy (ARBA)
Adams Harkness Cuts Commerce One To Mkt Perform From Buy (CMRC)
Adams Harkness Cuts FreeMarkets To Mkt Perform From Buy (FMKT)
Adams Harkness Cuts MRO Software To Mkt Perform From Buy (MRO)
Adams Harkness Cuts PruchasePro.com To Mkt Perform (PPRO)
A.G. Edwards Downgrades USA Truck To Maintain From Buy (USAK)
AG Edwards Cuts Transport Corp Of Amer To Maintain (TCAM)
Deutsche Banc Cuts Advanced Fibre To Buy From Strong Buy (AFCI)
Deutsche Banc Lowers ADC Telecom To Buy From Strong Buy (ADCT)
Ferris Baker Cuts Cincinnati Fncl To Buy From Strong Buy (CINF)
Jefferies Downgrades Click2learn To Hold, Cuts Goal To $10 (CLKS)
Kaufman Brothers Cuts PSINet To Buy From Strong Buy (PSIX)
Lehman Clips Crown Castle Goal $3 To $47, Keeps At Buy (TWRS)
McDonald Cuts G&K Services To Hold From Buy (GKSRA)
McDonald Downgrades BJ's Wholesale To Buy On Price (BJ)
McDonald Downgrades BJ's Wholesale To Buy, Cites Price (BJ)
McDonald Downgrades G&K Services To Hold From Buy (GKSRA)
Merrill Cuts ATI Tech To Long-Term Accum From Buy (ATYT)
Merrill Cuts Korea Electric Power To I-T Accum. From Buy (KEP)
Morgan Stanley Downgrades Marshall & Ilsley To Neutral (MI)
Pacific Crest Lowers Click2learn.com To Market Perform (CLKS)
Salomon Cuts Nokia Target $10 To $45, Keeps At Outperform (NOK)
Salomon Cuts Samsung Electronics To Outperform From Buy (SSNLF)
Salomon Downgrades BB&T Corp. To Outperform From Buy (BBT)
Salomon Lowers ASAT Holdings To Outperform From Buy (ASTT)
USB Piper Downgrades W.W. Grainger To Buy From Strong Buy (GWW)
USB Piper Lowers MCK Comm. Target To $10 From $60 (MCKC)
Wit SoundView Starts Corio Inc. At Hold (CRIO)
WR Hambrecht Downgrades Click2learn.com To Neutral (CLKS)
COVERAGE INITIATED:
Deutsche Banc Initiates America Online At Strong Buy (AOL)
Deutsche Banc Initiates Monsanto At Strong Buy, $40 Goal (MON)
Goldman Initiates GlaxoSmithKline At Market Outperform (GSK)
Morgan Stanley Initiates Avery Dennison At Neutral (AVY)
UBS Warburg Starts P&O Princess Cruises At Hold, $21 Goal (POC)
COVERAGE REITERATED/REINSTATED:
CIBC World Markets Reiterates IMS Health At Buy (RX)
CIBC Reiterates SpectraSite At Strong Buy, $40 Target (SITE)
CSFB Keeps Qualcomm EPS Views Well Below Consensus (QCOM)
CSFB Reiterates AOL Latin America At Buy, $17 Target (AOLA)
Goldman Reits AOL Time Warner At Recommended List (AOL)
Jefferies Maintains AOL Time Warner At Buy, $100 Target (AOL)
Jefferies Reiterates Saba Software At Buy, $24 Price Goal (SABA)
Merrill Lynch Maintains Citigroup At I-T/L-T Buy (C)
Merrill Maintains Qualcomm At I-T Neutral, L-T Buy (QCOM)
Merrill Reiterates Nortel At I-T/L-T Buy, $60 Target (NT)
Morgan Stanley Resumes Exodus At Strong Buy, $50 Goal (EXDS)
Robertson Stephens Assumes Palm Inc. At Buy, $35 Goal (PALM)
UBS Warburg Reits Anheuser-Busch At Strong Buy, $52 Goal (BUD)
UBS Warburg: Anheuser-Busch Weakness Is Buying Opportunity (BUD)
Prudential Says Arthur J. Gallagher Shares 'Oversold' (AJG)
WR Hambrecht Reiterates Mondavi At Buy, $59 Goal (MOND)
ECONOMIC DATA:
-Today-
10:00AM: Manufacturing and Trade Inventories and Sales for December
Results:
Business inventories for November was 0.5%, 0.1% better than consensus of 0.04%. |
