The Market Today

Slow day today. The S&P 500 barely budged and ultimately closed lower by 0.14%. Our Buy List was just behind it, falling 0.22%. As usual, energy was the most extreme group. This time it was the poorest sector.
CACI International (CAI) was our laggard today, which isn’t much of a surprise after yesterday’s big rally. The stock was also downgraded by Morgan Stanley. Our auto insurer, Progressive (PGR) reported results for November. They were down slightly but nothing to worry about. Zimmer Holdings (ZMH) announced a big $1 billion share repurchase program. For me, I’d rather get the money. Danaher (DHR) raised the low end of its 2005 earnings guidance. That’s such a neat little stock. Tim Hanson, at the Motley Fool, has more on “The Best $17 Billion Company You Don’t Know.”
Outside the Buy List, I’ve been trying to find a reason why Health Management Associates (HMA) is below $23 a share. It might be there but I haven’t found it yet. Still, hospital stocks scare me.

Posted by on December 15th, 2005 at 6:35 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.