Merger Monday! Here’s Who’s Involved

Stocks are mostly flat, but the S&P is making a new 4-year
high.

Existing home sales for June rose 2.7% to a record 7.33 million units. 
The median home price rose 14.7% to $219,000, the highest level since November
1980. In the Northeast, prices rose, 3.4%; Midwest, 1.9%; South, 1.1% and West,
5.5%.

Wal Mart
(
WMT |
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PowerRating) will double the number of stores in China, planning
to run at least 90 by 2006.

Teva
(
TEVA |
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(
IVX |
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billion. Teva is the largest public company in Israel.

Texas Instruments
(
TXN |
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for

In other earnings this week, look for BIIB, IMCL, AMZN, SUNW, ISSX, SYMC and SEBL.

Strong sectors are:  Oil Services
(
OSC.X |
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+1.16%      Oil
(
$XOI.X |
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Natural Gas
(
$XNG.X |
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Weak sectors are:   Biotech
(
$BTK.X |
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PowerRating) -0.96%    Disk Drives
(
$DDX.X |
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-0.75%    Gold
(
$XAU.X |
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PowerRating) -0.47%   

Arch Coal
(
ACI |
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PowerRating) was in-line and guided in-line.

Xerox
(
XRX |
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PowerRating) missed estimates.

Quest Diagnostics
(
DGX |
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PowerRating) was in-line.

General Motors
(
GM |
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will sell for about $11,000.

BellSouth
(
BLS |
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PowerRating) reported 0.46, 0.03 better than expected.

Diagnostic Products
(
DP |
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Anadigics
(
ANAD |
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PowerRating) beat by 0.05 and guided Q3 higher.