How To Make 72 Times Your Money In 48 Hours!

Stocks were lower on this option expiration Friday
after Pfizer
(
PFE |
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PowerRating)
dropped a bomb before the open. The
company said that a study showed an increased in cardiovascular risk with 800mg
of Celebrex. The usual arthritis dose is 100-200 mg. PFE is trading down 11% and
to its worst levels in almost 8 years.

November CPI came in at +02% with Core CPI also +0.2%, both in-line.

Genentech
(
DNA |
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PowerRating)
and OSI Pharmaceuticals
(
OSIP |
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PowerRating)
are
higher after Astrazeneca said its Iressa failed in a major study.OSIP is trading
up $22 before the bell.

SFX Entertainment’s Robert Sillerman plans to buy 95% of Sports
Entertainment Enterprises

(
SPEA |
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Chart |
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PowerRating)
and will buy Elvis Presley Enterprises
from Lisa Marie Presley for $100 million. Sillerman will then create a
new company called CKX Inx, and plans a public offering. The Elvis business
reported $37.9 million in revenue for the 9 months ended September 30. SPEA
closed on Wednesday at 0.12 and closed today at 9.11.

Nike
(
NKE |
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PowerRating)
reported a 46% rise in profit.

News Corp.
(
NWS |
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News |
PowerRating)
will be added to the S&P 500 at the close of
business today

Strong sectors were: Natural Gas
(
XNG.X |
Quote |
Chart |
News |
PowerRating)
+0.80%, Oil Services

(
OSX.X |
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News |
PowerRating)
+0.29%

Weak sectors were: Pharmaceuticals
(
DRG.X |
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News |
PowerRating)
-2.95% Healthcare Providers
(
HMO.X |
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Chart |
News |
PowerRating)
-1.97%,
Airlines
(
XAL.X |
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News |
PowerRating)
-1.45%.

Dow -52.17 10,653.47
S&P 500 -8.82 1,194.41
Nasdaq -10.95 2,135.20

The dollar was -0.34 at
82.19

Crude Oil was +1.84 at
46.35

Gold was +2.10 to 444.10

ce=”Arial” size=”2″ face=”Arial”>Volume was 2.2 billion on the NYSE and
2.35 billion on the Nasdaq.

Market breadth was negative.

NYSE Issues
Advancing 1659 Up Vol 697
Declining 1665 Down Vol 1201
Ratio 1.00 1.72
Nasdaq
Advancing 1434 Up Vol 976
Declining 1676 Down Vol 956
Ratio 1.16 1.02

Stocks in the News

Palm One
(
PLMO |
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News |
PowerRating)
guided lower.

Take Two
Interactive
(TTWO)
missed by 0.19 and guided lower.

Tektronics (TEK)
beat by 0.09 but guided lower.

Adobe (ADBE)
beat by 0.02 but analysts were disappointed that the company didn’t guide
higher.

Circuit City
(
CC |
Quote |
Chart |
News |
PowerRating)
reported a narrower quarterly loss.

This Day in History

1903  Wright Brothers first flight

1965 Houston Astrodome opened

Brice Wightman