Insightful analysis and commentary for the US and global equity investor
Contributors: Douglas McIntyre Jon C. Ogg

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Friday, November 10, 2006

Market Wrap (Nov. 10, 2006)

DJIA 12,108.43; Up 5.13 (0.04%)
NASDAQ 2,389.72; Up 13.71 (0.58%)
S&P500 1,380.90; Up 2.57 (0.19%)
10YR-Bond 4.586% Down 0.047
NYSE Volume 2,305,280,000
NASD Volume 1,649,479,000

This morning Motorola announced it would buy privately held Good technology for its mobile entreprise email solutions. Because of increase competition potentiality both R-I-M (RIMM) fell 0.5% to $124.11 and Palm (PALM) fell 2% to $14.61.

Hewitt & Associates (HEW) fell 1.7% to $25.26 after missing earnings expectations.

Tanox (TNOX) rose 44% to $19.75 after Genentech (DNA) announced it would acquire the company for $20.00 per share.

Autobytel (ABTL) rose 1.5% to $3.30 after earnings because it signed to be AOL's exclusive platform for online local search and price quotes for auto dealerships.

NYSE (NYX) rose almost 10% to $94.40 after Jim Cramer last night said it would Triple in the next two-years.

Hansen natural (HANS) rose 6.3% to $26.45 despite Goldman Sachs taking it off of their pristine Conviction Buy List.

Pacific Sunwear (PSUN) rose 7.5% to $18.56 after beating earnings expectations.

Dolby Laboratories (DLB) rose 34% to $26.50 after beating earnings and raising guidance.

Capella Education (CPLA) rose to 25% to $25.11 after pricing its IPO at $20.00.

California Pizza Kitchen (CPKI) fell 1.3% to $31.15 after it warned that earnings would fail to meet expectations.

Answers Corp (ANSW) fell 12.5% to $12.70 on weak Q3 earnings and on weak Q4 guidance.

Scottish Re (SCT) fell 20% to $6.40 after wider losses have pushed the auction process for the company out several weeks.

JBHunt (JBHT) rose 3.6% to $22.34 on hopes that the company may be a takeover target since Swift is in play.

Gap Stores (GPS) rose 0.7% to $20.16 despite Merrill Lynch downgrading the stock to Neutral.

Despite NVIDIA (NVDA) beating earnings and raising guidance, the shares fell 2.4% to $34.44 on profit taking and on a valuation downgrade.

ON Assignment (ASGN) rose 9% to $11.08 after its pending secondary offering priced at $10.00, $0.15 under yesterday's close.

PeopleSupport (PSPT) rose 1.9% to $20.70 after its secondary offering priced at $20.00.

Metabolix (MBLX) rose to close at $15.52 after its higher shares of 6.8 million shares priced at $14.00, the top of the $12 to $14 range.

Solectron (SLR) rose 6% to $3.47 after it reaffirmed Q4 revenue and earnings guidance.

ACA Capital Holdings (ACA) fell to $12.80 after its 6.8+ million share IPO priced at $13.00, under its original target.

NGAS Resources (NGAS) fell 5.5% to $7.77 after its earnings fell slightly short of expectations.

Have a great weekend!

Jon C. Ogg
November 10, 2006

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