DJIA 12,510.57; Up 102.94 (0.83%)
NASDAQ 2,431.22; Up 17.71 (0.73%)
S&P500 1,426.84; Up 9.94 (0.70%)
10YR-Bond 4.654% Up 0.051
NYSE Volume 1,626,563,000
NASD Volume 1,186,262,000
This was supposed to be another quiet day, but the slightly stronger housing numbers helped propel the buyers today. The media was mostly full of reports discussing the life and presidency of Gerald Ford.
Apple (AAPL) was the biggest mover of the Horsemen stocks today.; it closed actually up $0.01 at $81.52 but it had been as low as $76.77 on the options probe by the SEC having potential criminal implication on former officers and on the same report saying Steve Jobs hired separate counsel in the matter.
The iShares "Home Constriction" (ITB) rose 2% to $42.42 after the November new home sales showed slighly better than expected readings.
First Solar (FSLR) rose 6% to $28.81 after it was given mostly positive brokerage firm reports after its quiet period ended,
Citigroup (C) rose 2.3% to $56.42 after Jim Cramer on TheStreet.com website said Chuck Prince would likely be gone within a year.
Cadmus (CDMS) rose 16% to $24.46 after receiving a $24.75 buyout from Cenveo.
NYMEX (NMX) fell 1% to $124.85 after it was started as Hold and Neutral by firms as the quiet period was coming off.
Speedus Corp (SPDE) rose 30% to $1.57 after making its financial filings with the SEC.
Infosonic (IFON) rose a sharp 43% to $5.56 on 11.2 million shares after signing a distribution pact for headsets for LG phones in Latin America.
Sento (SNTO) rose a sharp 68% to $3.24 just ahead of filing earnings because that would keep it from being delisted.
Omrix Biopharma (OMRI) rose 1.3% $31.85 after it filed an application with the FDA; received milestones.
PFSweb (PFSW) rose a sharp 17% to $1.26 on word of a distribution deal with Fathead LLC.
Telik (TELK) fell another 7% to $4.412 on over 20 million shares the day after falling 70% from its cancer drug failing to meet endpoints (How do think the CEO and workers there enjoyed Christmas?).
Jon C. Ogg
December 27, 2006
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