Four Stocks That Benefit From A Weak Dollar

Stocks are lower on higher oil
prices and a weaker dollar.


Campbell’s Soup

(
CPB |
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beat by 0.04; revenues rose 9%.
The company backed earlier guidance.

Krispy Kreme
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reported a Q3 loss of (0.04); estimates were for a gain of 0.13.The company
said it will not provide Q4 or FY05 guidance.

Google
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said Kleiner Perkins Caufield filed to sell 19
million shares. An 8-K file last week indicated Google execs filed to sell
shares.

Apple
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got a $100 price target from Piper Jaffray.

The dollar continues weak, which benefits many technology companies, as they are
the most dependent on foreign revenues. Here are a few companies with the
percent of revenues they receive from foreign sources: Texas Instruments, 81%;
AMD, 79%; QCOM, 78% and Intel 74%. On the flip side, a weak dollar can lead to
capital flight, higher inflation and interest rates, as well as a lower return
on investments.

The IMF trimmed its 2005 global growth forecast
to 4% from 4.3%.

Las Vegas Sands will list on the NYSE, symbol LVS.

This day in history:

1955 RCA paid $35,000 for the rights to Elvis’ music

1963 JFK assassinated

1988 Stealth bomber unveiled

Dow -22.10 10434.81
S&P 500 -1.63 1168.71
Nasdaq -9.73 2060.90

Strong sectors are:
Utilities

(
UTY.X |
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+0.63%, Oil
(
XOI.X |
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+0.57%,
Insurance

(
IUX.X |
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+0.36%.

Weak sectors are: Internet
(
GIN.X |
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-1.39%, Airlines

(
XAL.X |
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-1.04%, Semis
(
SOX.X |
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-1.01%

The dollar is -0.19 at 83.12

Gold is +2.00 to 448

Crude Oil is -0.19 at 48.70

ce=”Arial” size=”2″ face=”Arial”>Volume is 587 million on the NYSE and
909 million on the Nasdaq.

Market breadth is mixed.

NYSE Issues
Advancing 1645 Up Vol 218
Declining 1518 Down Vol 323
Ratio 1.08 1.48
Nasdaq
Advancing 1316 Up Vol 391
Declining 1631 Down Vol 470
Ratio 1.23 1.20

Stocks in the News

Rigel Pharma
(
RIGL |
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received disappointing results from early
stage trials of a hepatitis treatment.

Mylan Labs
(
MYL |
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said that buyout talks with Carl Icahn are not in
the company’s best interests.

IBM won a military/aerospace contract from Honeywell worth several
hundred million dollars.

MGM Mirage
(
MGG |
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could reach $72 by 2006, according to a
Barron’s
article.

Pulitzer
(
PTZ |
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said it had hired a financial advisor to help it
explore a possible sale of the company.

Trump hotels and casinos filed for bankruptcy.

Brice Wightman