Stocks Lower Mid-Session

• September 13, 2005
• Brice Wightman

Stocks are lower after a
disappointing forecast from Best Buy
(
BBY |
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News |
PowerRating).
The company guided Q3 to 0.28 – 0.32, down
from the 0.34 average analyst estimate, and raised concern about a weaker Fall
season for retailers.

Economic news, however, was mainly
better-than-expected.
Wholesale prices rose less than expected in
August and the U.S. trade gap narrowed in July. The PPI rose 0.6% in August,
less than the 0.7% expected. The August data did not include information about
the effect of Katrina. The trade deficit narrowed to $57.9 billion.

Ebay
(
EBAY |
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PowerRating)
was downgraded to sector perform at CIBC World Markets on concerns of challenges
related to the Skyle acquisition.

Nokia
(
NOK |
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PowerRating)
raised Q3 sales and earnings guidance.

Knight Ridder
(
KRI |
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PowerRating) expects earnings to be about 20% lower in Q3 from the same period last
year.

Strong Sectors are:  Natural
Gas 
(
XNG |
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News |
PowerRating)
+0.35%    Oil Services 

(
OSX |
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News |
PowerRating) +0.21%  

Weak sectors are:   Retail 

(
RLX |
Quote |
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News |
PowerRating) -1.82%      Healthcare 
(
HMO |
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PowerRating)
-1.75%      

Dow	-61.77	10,616.79
Nasdaq	-11.28	2171.55
S&P 500	-7.69	1232.87

Stocks in the news:

Ford
(
F |
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PowerRating) is
selling Hertz for $15 billion.

Taser
(
TASR |
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PowerRating)
received $775,000 in new orders.

Georgia Pacific
(
GP |
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PowerRating) was raised to a Buy at Bank of America.

Monster Worldwide
(
MNST |
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Chart |
News |
PowerRating) was upgraded to overweight at J.P. Morgan

Brice Wightman