Friday, September 29, 2006

Friday's Afternoon Stocks to Watch

The market is trading slightly lower to flat today. Again, like the previous trading days, the DOW is attempting to break the old all-time high record, but it came back down from its high. Volume has been slowed today. Again big and mid cap stocks are taking the leads, (RIMM) is a prime example. It is a 20 billion cap company which announced better than expected earning report last night.

In economic news, personal spending dipped 0.1% in August, the first decline since September 2005 and below estimate of a 0.2% rise. Personal income rose 0.3% same as estimate, but it is the smallest gain in nine months. The core personal consumption expenditure index, another Fed's preferred inflation indicator, climbed 0.2% in August. Also, the Chicago purchasing managers' index jumped to 62.1% in September from 57.1% in August. It was the highest number in a year and above estimate of 56%.

The ever popular (GROW) is still tanking probably due to the fact that oil and gold prices are falling recently. It is in the commodity fund management business. I guess the performance of those funds are sinking will cause investors to flee the funds.

Today's Stock Movers at 2:15 pm EST
Volume Momemtum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)

Stocks Up:
(CTCM) 21.05 +0.91 +266
(RYAAY) 63.54 +1.87 +232
(DOX) 39.91 +0.71 +160
(FMCN) 57.25 +1.99 +151
(AP) 31.78 +0.51 +125

Stocks Down:

(CHE) 31.87 -7.07 +1,392
(ESIO) 20.95 -1.39 +589
(CIG) 39.35 -0.65 +401
(TKR) 30.50 -2.31 +401
(EWBC 39.50 -0.70 +253

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