Nike Plane In Nail-Biter

November 21, 2005
Brice Wightman

Stocks rose Monday, in a holiday
shortened-week. The S&P and Nasdaq made 4 1/2 year
highs and the S&P is up 4% so far in November.

In the largest single layoff announcement in the last
three years,
General Motors
(
GM |
Quote |
Chart |
News |
PowerRating) will cut
30,000 and close 9 plants in a cost-cutting restructuring.

Boeing
(
BA |
Quote |
Chart |
News |
PowerRating) announced it received orders for $4.6
billion, from China and leasing firm ILFC.

Eastman Kodak
(
EK |
Quote |
Chart |
News |
PowerRating) was the
Barron’s cover story over the weekend; the article said the stock could
rebound.

At 12:01 AM Tuesday, Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating) will release
xbox 360; the company expects to sell as many as 3 million units in the first
90 days.

A Gulfstream V jet with three Nike
(
NKE |
Quote |
Chart |
News |
PowerRating) execs landed safely at Hillsboro
airport in Oregon after having experienced landing gear problems on takeoff.
NKE closed at $86.44, -1.26.

Dow

+53.95

10,820.28

Nasdaq

+14.60

2241.67

S&P 500

+6.58

1254.85

More stocks on the move:

Perry Ellis
(
PERY |
Quote |
Chart |
News |
PowerRating) beat by 0.02.

UBS upgraded American Express
(
AXP |
Quote |
Chart |
News |
PowerRating) to buy from neutral.

Bank of America downgraded Vertex to sell from neutral, on
valuation.

Brice Wightman

Be sure and vote in the
13th Annual Stocks
& Commodities 2006 Readers’ Choice Awards

Nike Plane In Nail-Biter

BUY THE FEAR, SELL THE GREED

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