Watch These 2 Stocks After The Close


Stocks bounced back from their lowest levels of the year

with the Dow trying to stay above the
10,000 mark.

Procter & Gamble
(
PG |
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purchased a remaining stake in its China joint venture from Hutchison

Whampoa
for $1.8 billion. The transaction will
have minimal impact on its June quarter.

After the close, Cisco
(
CSCO |
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is expected to report earnings of 18 cents per share on sales of $5.55 billion.
Yahoo!
(
YHOO |
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will have
a 2-for-1 stock split after the bell.

Walt Disney
(
DIS |
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received an upgrade from UBS citing valuation concerns and better growth
expectations. Banc of America Securities said Merrill Lynch
(
MER |
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was
undervalued and upgraded it to “buy,” raising its price target to $65 and noting
that 44% of Merrill’s revenue and 30% of its pre-tax earnings came from its
retail operations in 2003. Faster growth is expected over the next 18-24 months.
With crude trading at record levels, oil giant ExxonMobil
(
XOM |
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was
upgraded by AG Edwards.

Dow
+32.21

10022.50
S&P 500
+7.16
1094.25
Nasdaq
+31.62

1927.51

Strong today are Airlines
(
XAL.X |
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+3.20%, Internets
(
ECM.X |
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+3.06%, Disk Drives
(
DDX.X |
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+2.90%, and Networking
(
NWX.X |
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+2.60%.

Weak today is
Pharmaceuticals

(
DRG.X |
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-0.15%.

No Economic news releases
today.

10-year Notes are +20 at
108 200

The dollar
is +0.31 at 92.06

Gold is -0.60 at 378.30

Crude Oil is +0.52 at
39.45

Volume is 700,000,000 on
the NYSE, and 778,000,000 on the Nasdaq.

Market breadth is positive.

NYSE Issues
Advancing
2656 Up Vol 549
Declining 610 Down Vol 131
Ratio 4.35 10.31
Nasdaq
Advancing
2195 Up Vol 684
Declining
810 Down Vol 55
Ratio 2.74 12.44

Top Dow stocks are:

Disney
(
DIS |
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, +4.80%
at 23.10, Intel
(
INTC |
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, +3.16% at 27.32,  American International
Group

(
AIG |
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, +2.33% at 71.46, and General Motors
(
GM |
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+2.26%
at 45.03.

Stocks in the news:

Linktone
(
LTON |
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rose after surprising analysts
with earnings of $2.8 million — from $100,000 a year ago. Revenue rose 440% to
$9.4 million on strong demand for the company’s short messaging services (SMS)
products and services. For the second quarter, the company expects revenue and
income growth of at least 20%.

Mylan Laboratories
(
MYL |
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PowerRating)
posted earnings of $74.9
million on revenue of $333.4 million. The company reported a 34% drop in brand
segment revenue and forecasted 2005 earnings of $1.30 a share.

Symbol Technologies
(
SBL |
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PowerRating)
reported earnings of $6.8
million on revenue of $420 million on strength in its mobile computing and
wireless products.

Toyota Motors
(
TM |
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PowerRating)
reported operating profits of
$14.68 billion on sales of $153.26 billion. US sales rose 6.1% to 2.1 million
vehicles and European sales rose 15.8 % to 898,000 vehicles.

Brice Wightman

bricew@tradingmarkets.com