Busy Day For IPOs—Here Are The Names

Stocks are slightly lower after some surprising
economic data.
PPI for November 0.5%, much more than expected; core
rose +0.2%, inline. Consumer sentiment improved in December. The University of
Michigan Consumer Sentiment Index rose to 95.7, from 92.8 in November.

Stocks were lifted briefly earlier when GE said it will buy back $15
billion in stock over the next 3 years and will increase its dividend 10%.

OPEC will cut production by 1 million bpd. OPEC meets again January 30.

IPOs today include: Adeza Biomedical (ADZA), $16; House Values (SOLD) $15,
Community Bancorp (CBON), $23; First State Fin $12 (FSTF).

Briefing.com reports that the following stocks may be added to the Nasdaq
100: ADSK, ERICY, LBTYA, MCIP, NTLI, SIRI and XMSR. Deleted may be: CPWR, NVDA,
HSIC and RYAAY.

Reminder: roll index futures to March–ESH5, YMH5, NQH5.

Strong sectors are: Brokers
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+0.35% Utilities
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+0.34%.

Weak sectors are: Airlines
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-1.45%,
Drugs
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-0.89%.

Dow -2.88 10,549.94
S&P 500 -0.98 1,188.26
Nasdaq -2.02 2,126.99

The dollar is +0.69 at
82.72

Gold is -0.30 to 433.50

Crude Oil is +0.09 at 42.62

ce=”Arial” size=”2″ face=”Arial”>Volume is 658 million on the NYSE and
895 million on the Nasdaq.

Market breadth is negative.

NYSE Issues
Advancing 1364 Up Vol 261
Declining 1718 Down Vol 342
Ratio 1.25 1.31
Nasdaq
Advancing 1283 Up Vol 471
Declining 1658 Down Vol 375
Ratio 1.28 1.25

Stocks in the News

Delphi
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said it expects a net loss in Q4 2004 and 2005 and will
cut 8500 jobs.

United Technologies
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said
it is comfortable with analyst expectations for 2004.

Ameritrade
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guided higher.

Monster.com
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was mentioned
positively in Barron’s Online.

Patients taking Pfizer’s
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Bextra
were more likely to have blood clotting problems after heart surgery, The New
York Times
reported.

CIBC raised its priced target on Sirius
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to $9.

This Day In History

1983 last NFL game at Shea Stadium

Brice Wightman