To: Augustus Gloop who wrote (55 ) 6/7/2001 10:20:29 PM From: Rich1 Respond to of 10077 The Real Most Active Friday, June 8, 2001 Printer-Ready Version The NYSE Real Most Active Jump To The Nasdaq Real Most Active By Jonah Keri Investor's Business Daily A modest up day for the major averages couldn’t hide a nasty session for many recent leaders, especially retailers. The Dow industrials edged up 0.2% and the S&P 500 0.5% Thursday as volume was slightly higher. Same-store sales news revealed sluggish numbers for a slew of retailers. Abercrombie & Fitch (ANF) sank 1.66 to 41.44 on 2 1/2 times normal trade. The casual apparel chain posted a 2% drop in May same-store sales. Despite the fall, the company reaffirmed its second-quarter guidance of 22 cents per share. Sunglasses maker Oakley (OO) skidded 1.99, or 8%, to 21.90 on fast turnover. The stock fell all the way to its 50-day moving average. It staged a similar nasty fall on May 29, but closed at the upper half of that day’s range. Thursday’s session offered no such solace. Federated Department Stores (FD) lost 1.90 to 43 on nearly triple typical trade. The parent company of Bloomingdale’s, Macy’s and other upscale department store chains said same-store sales fell 3.3%. Total sales slipped 7.1%, due in part to the company’s increased focus on direct retailing. The firm still hopes to meet its full-year earnings guidance of $4 to $4.25 per share. First Call projects $4.07 a share. Elsewhere, Callaway Golf (ELY) plunged 2.81, or 13%, to 18.46 as volume exploded nearly ninefold. Senior Executive Vice President and director Chuck Yash resigned to pursue other interests. Analysts reportedly are more concerned with the golf equipment and apparel kingpin’s slow growth in the golf ball sector. Competition from Nike, Titleist and other rivals has reportedly pinched the firm’s market share. Several utilities continued to swoon. Questar (STR) gapped down 2.23 to 27.48 on nearly four times its usual turnover. The natural gas distributor sliced through its 200-day. Coal, natural gas and crude oil marketer Black Hills (BKH) slid 3.92 to 48.05 on brisk trade, taking out its 50-day. Lehman Bros. started coverage of the firm with a buy rating. FactSet Research Systems (FDS) fell 1.52 to 42.73 on 3 1/2 times its regular volume. The provider of online data to financial institutions is set to report fiscal third-quarter results on Tuesday. On the upside, medicals continued to prove their mettle. Forest Laboratories (FRX) climbed 0.68 to 75.46 on twice normal trade. The maker of generic and name brand medications has moved to within 3% of its high. The Nasdaq Real Most Active By Monika Tjia Investor's Business Daily Techs pushed their way back into positive territory Thursday. The Nasdaq composite gained 46.27 points, or 2%, to 2264 on lighter volume. Planar Systems (PLNR) broke out of a four-month base, surging 2.36 to 27.19 as trade doubled. The maker of industrial displays for the medical and industrial fields finished the day 3% above its pivot point of 26.48. FEI Co. (FEIC) reached a new high, gaining 3.50 to 42.10 on triple typical turnover. The chip equipment maker is rallying higher since clearing a 13-month base on May 17. In the past nine weeks, the stock’s Relative Price Strength Rating has climbed to 96 from 60. Chipmaker Microsemi (MSCC) hit a new high, rising 1.44 to 64.67 on above-average volume. Since breaking out of a three-month base on May 16, the stock has gained 34%. Take-Two Interactive Software (TTWO) notched a new high, adding 1.65 to 23.95 as trade tripled. On Thursday, UBS Warburg upgraded the maker of games for PCs and video consoles to buy from hold. The stock has soared ahead since clearing a 14-month base on May 24. Fellow video game maker Activision (ATVI) also hit a new high, gaining 2.80 to 39.89 on brisk turnover. On Thursday, Credit Suisse First Boston raised its 12-month price target for the stock to 50 from 35, saying Activision will likely benefit from Nintendo’s hand-held product Game Boy Advance. The stock has advanced nearly fourfold since Dec. 1. Shuffle Master (SHFL) surged 2.45 to 31.75 on strong volume. On Monday, the maker of table games and slot machines sliced its 10-day moving average. But on Thursday it closed just below the line, sitting 9% off its high. Fellow gaming firm Alliance Gaming (ALLY) gained 1.33 to 31.01 on above-average trade. The stock is at its highest level since February 1994. On the downside, Chiron (CHIR) dropped 1.58 to 51.43 on two times daily turnover. On Thursday, the biotech firm sold $400 million in convertible bonds. The stock is working through a large base it began in March 2000. Powell Industries (POWL) fell 1.48 to 27.52 on nearly three times typical volume. The firm, which makes equipment that controls electricity flow, is now below its 10-day moving average. The stock has lost 12% in the past three days. Daktronics (DAKT) slipped 2.35 to 25.80 on brisk trade. The maker of electronic scoreboards has lost 14% in the past two days and is 20% off its May 22 high