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Monday, November 13, 2006

Market Wrap (Nov. 13, 2006)

DJIA 12,131.88; Up 23.45 (0.19%)
NASDAQ 2,406.38; Up 16.66 (0.70%)
S&P500 1,384.42; Up 3.52 (0.25%)
10YR-Bond 4.605% Up 0.019
NYSE Volume 2,361,259,000
NASD Volume 1,723,347,000

Isis Pharma (ISIS) rose 19% to $12.43 and was the clear winner of the active stocks today. It presented positive data for human trials on cholesterol treatments via injection once per week rathetr than via statin pills.

KB Homes (KBH) lost its CEO for backdating options. KBH actually rose 2% to $44.78.

Tribune (TRB) rose 1.3% to $32.46 after word surfaced that Gannett (GCI) and ex-AIG head Hank Greenberg may both also be interested in TRB.

Clear Channel (CCU) fell 1.7% to $34.24 after the bid deadline ended and CNBC's David faber said that a bid of over $37 was unlikely.

Deutsche Telekom (DT) sacked its CEO and already named a replacements; DT ADR's rose almost 2% to $17.24.

Intel (INTC) and General Electric (GE) Were both added to Citigroup's BUY LIST; INTC rose 2% to $21.00 and GE rose 0.5% to $35.36.

EMC (EMC) fell 0.7% to $12.61 after it filed to sell $3 Billion in debt securities.

Pre-Paid Legal (PPD) fell 5% to $40.86 after it repurchased 500,000 shares from insiders.

UAL (UAUA) rose 3.8% to $37.00 after the Chicago Tribune noted it could receive a leveraged buyout offer.

Theknot.com (KNOT) rose 7% to $23.71 after it posted $0.11 EPS vs $0.11e.

MasterCrad (MA) rose 8% to $96.55 after Jim Cramer on FRIDAY said on MAD MONEY that the stock could triple in 2 years.

Riviera Holdings (RIV) rose 4% to $21.14 after receiving a $21 buyout proposal.

Wynn Resorts (WYNN) rose 7.9% to $88.67 on a special $6.00 dividend.

Trump Entertainment (TRMP) rose 5.9% to $23.35 after Cramer said it offered an opportunity for traders and investors alike.

Jon C. Ogg
November 13, 2006
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