US Stock Market Wrap (Dec 11, 2006)

DJIA    12,328.48; Up 20.99 (0.17%)
NASDAQ    2,442.86; Up 5.50 (0.23%)
S&P500    1,413.04; Up 3.20 (0.23%)
10YR-Bond    4.5200%; Down 0.032
NYSE Volume    2,217,015,000
NASD Volume    1,810,293,000

a day ahead of the fed….bracing for 18 to 20 IPO’s this week…..

(ADBE) Adobe Systems rose 2.8% to $39.98 after it was raised to Buy at Jefferies.
(ALGT) Allegiant Travel rose 4.8% to $26.20 after Cramer came out on STOP TRADING with a positive recommendation after its IPO was overlooked last week.
(BMET) Biomet bids are reportedly coming from SNN by tomorrow, BMET rose 4% to $41.54.
(CRY) CryoLife, Inc. gained  after the FDA approved one of its pending bovine tissues for use in humans.
(NEOL) Neopharm fell 67% to $2.16 after posting poor drug trial results after missing PhaseIII endpoints.
(NRPH) News River rose 12% to 57.95 on takeover hopes.
(NTRI) NutriSystems Inc fell on concern of a holiday slowdown and on concern Weight Watchers was eyeing their growth.
(NUVO) Nuvelo fell 80% to $4.05 after its study with Bayer failed to show any positive results on its blood thinner.
(STLD) Steel Dynamics fell 3% to $34.06 after it was cut to Neutral at UBS.
(TSG) Sabre Group could be sold this week according to WSJ; shares rose 7.4% to $30.43.
(TWX) Time Warner ran 2% to $21.33 after Prudential raised to Overweight and new $27 target.
(TXN) Texas Instruments closed down 0.3% at $29.30 ahead of its mid-quarter update: street expeting $0.42 and $3.6B revenues, under TXN prior guidance.
(USU) USEC gained 1.4% to $13.14 after Merrill Lynch’s hiked 2008 Uranium price target by 78%.
(VRTX) Vertex fell 4.8% to $41.14 after announcing drug trial results with Merck and despite being an add to the NASDAQ 100 index.
(ZION) Zions Bancorp rose 1% to $29.89; announced a $400M share buyback plan.

Jon C. Ogg
DEC 11, 2006