Question: What Stock Has A Market Cap Of $82 Billion But Is Not In The SPX?

Stocks were lower as $60 oil and a Fed meeting this
week puts a damper on trading. Crude hit a $60.95 intraday high and
closed above $60 for the first time ever. It was six straight down days for the
Dow.

Nike
(
NKE |
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Walgreen
(
WAG |
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Cardinal Healthcare
(
CAH |
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stock and will raise its dividend to 20% of earnings, up from 4%. The company
sees 2006 earnings below estimates.

International Paper
(
IP |
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S&P expects Q2 earnings to grow at a 7.8% rate.

Google
(
GOOG |
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close at 304.14. The company has a market value of over $82 billion and trades
at a P/E of 87. Yahoo’s market value is $50 billion. Google went public less
than a year ago at $85. Many expect the stock to be added to the S&P 500 in
August.

Creative Technology
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CREAF |
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guidance for fiscal 2005. The company sited weaker than expect4ed demand for MP3
players. Look for possible weakness in Apple
(
AAPL |
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PowerRating) on the news.
Also, a somewhat negative article Barron’s article mentioned iPod
competition.

The FOMC meets this week. Economists are looking for a quarter point
rise–to 3.25%–and no major change in the policy statement. Specifically, the
words "accommodative" and "measured pace" are expected to remain intact. It is
also quarter end and half-year end.

Hollywood is in a slump. Industry sources say
this is the worst in 20 years, and cite high ticket prices, mindless summer
movies and increasing DVD sales. Sales fell for the 18th consecutive week
compared to a year ago.

Internet file sharing services will be held responsible
when users illegally share files, the Supreme Court ruled today. The case
involved Grokster, and could benefit legal online music services like
RealNetworks and Napster.

We are closing out Q2 this week. In the next few weeks,
we are entering warnings season.

Strong sectors were:   Natural
Gas
(
$XNG.X |
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PowerRating) +1.33%      Homebuilders  
(
$HGX.X.X |
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PowerRating)
+1.51%      Oil Services
(
$OSX.X |
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PowerRating)
+1.32%     

Weak sectors were:   Airlines  
(
$XAL.X.X |
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PowerRating)
-3.17%     Semis
(
$SOX.X |
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PowerRating) -1.30%     
Gold
(
$HUI.X |
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PowerRating) -1.27% 

Celgene
(
CELG |
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Legg Mason
(
LM |
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Petrokazakhstan Inc.
(
PKZ |
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mergers or acquisitions.

TiVo has a new CEO, Tom Rogers, who was Vice Chairman.

Boeing
(
BA |
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million shares and announced its quarterly dividend.

McDonald’s
(
MCD |
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(
WEN |
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second Mad Cow case was reported. MCD is trading up 0.13 and Wendy’s is trading
down 0.18.