DJIA 12,131.88; Up 23.45 (0.19%)NASDAQ 2,406.38; Up 16.66 (0.70%)S&P500 1,384.42; Up 3.52 (0.25%)10YR-Bond 4.605% Up 0.019NYSE Volume 2,361,259,000NASD Volume 1,723,347,000Isis Pharma (ISIS) rose 19% to $12.43 and was the clear winner of the active stocks today. It presented positive data for human trials on cholesterol treatments via injection once per week rathetr than via statin pills.KB Homes (KBH) lost its CEO for backdating options. KBH actually rose 2% to $44.78.Tribune (TRB) rose 1.3% to $32.46 after word surfaced that Gannett (GCI) and ex-AIG head Hank Greenberg may both also be interested in TRB.Clear Channel (CCU) fell 1.7% to $34.24 after the bid deadline ended and CNBC’s David faber said that a bid of over $37 was unlikely.Deutsche Telekom (DT) sacked its CEO and already named a replacements; DT ADR’s rose almost 2% to $17.24.Intel (INTC) and General Electric (GE) Were both added to Citigroup’s BUY LIST; INTC rose 2% to $21.00 and GE rose 0.5% to $35.36.EMC (EMC) fell 0.7% to $12.61 after it filed to sell $3 Billion in debt securities.Pre-Paid Legal (PPD) fell 5% to $40.86 after it repurchased 500,000 shares from insiders.UAL (UAUA) rose 3.8% to $37.00 after the Chicago Tribune noted it could receive a leveraged buyout offer.Theknot.com (KNOT) rose 7% to $23.71 after it posted $0.11 EPS vs $0.11e.MasterCrad (MA) rose 8% to $96.55 after Jim Cramer on FRIDAY said on MAD MONEY that the stock could triple in 2 years.Riviera Holdings (RIV) rose 4% to $21.14 after receiving a $21 buyout proposal.Wynn Resorts (WYNN) rose 7.9% to $88.67 on a special $6.00 dividend.Trump Entertainment (TRMP) rose 5.9% to $23.35 after Cramer said it offered an opportunity for traders and investors alike.Jon C. OggNovember 13, 2006
Market Wrap (Nov. 13, 2006)
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
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