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inside wall streET
GR
HOV
PTR
Stocks For Friday, Nov. 10
NVDA BRKS AIG EXPE AMCC
NO ECONOMIC NUMBERS
TOP FINANCIAL NEWS
Oil Rises to Highest This Month After US Fuel Supplies Drop
Democrats take aim at drug industry profits
BUSINESS
NEWS
Genentech DNA to Buy Tanox
TNOX for $20
Walt Disney 4Q, Full-Year Earnings Climb
Branson pushes for ITV-NTL merger
Trading Up
DLB +21.6%; ABTL
+20.0%; FVE +9.2%; EHTH +7.7%; PSUN +7.2%; JOBS
+5.3%; SCON +4.8%; NVDA +3.4%; NR +2.9%; SNDA
+2.4%; SMTL +1.3%; HEES +1.3%; ENER +1.0%; LONG
+1.0%... Trading Down
CPST -17.3%; MRGE -10.9%; CPKI
-10.7%; TARR -10.5%; ANSW -7.1%; RNO -5.4%; LGF
-5.3%; USHS -4.8%; ECLG -4.8%; MRY -3.4%; BRKS
-3.3%; WFII -2.6%; COGO -2.5%; NGAS -2.6%; AMCC
-2.3%; DIS -2.0%; HYTM -1.9%; XIDE -1.9%; EXPE
-1.7%; ADSX -1.5%; KSS -1.4%; CTRN -1.4%; EZPW
-1.4%...
Companies moving in reaction to news
Trading Up
TNOX +42.2% (Genentech Announces Agreement to
Acquire TNOX for $20 Per Share); FDRY +2.1% (delays 10-Q filing
on stock option review)...
Trading Down
TUTR -8.7% (sees Q4 orders at the low end of guidance, sees net
loss between $2.0-3.0 mln, previous a gain of $1.5 mln to a loss of 2.5
mln); BOL -5.2% (sees Q3 revs up 2% YoY to $577.2 mln vs $594.3
mln; sees 2006 revs at low end of the previously announced range);
XOMA -4.2% (says it has sufficient cash resources to meet net cash
needs through at least 2008); SCSC -3.5% (delays quarterly
filing); ASHW -3.4% (sees Q4 EPS of -$0.20 to -$0.25 vs $0.02
Reuters consensus; sees revs 2-3% below the level previously
anticipated); AVR -2.3% (increases terminal capacity in
anticipation of Missouri mandate); ADBE -1.3% (announces
resignation of Chief Financial Officer); MFE -1.0% (files to
delay 10-Q).
Hot E&P Stocks in a Cold Country
by Dimitra DeFotis
A proposal to end favored tax
treatment for Canada's income-oriented royalty trusts
gives a leg up to several nontrust
exploration-and-production stocks in the Great White
North.
• CHARTING THE MARKET TODAY
4:53 p.m.
• INVESTORS' SOAPBOX PM
3:26 p.m.
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The World's Billionaires
Cherney on the Markets
By S&P technical analyst Paul
Cherney
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