Midday Market Update

All 25 stocks on the Buy List are up, even Dell (DELL). We’re currently ahead of the S&P 500, 1.33% to 0.70%. Progressive (PGR), St. Jude (STJ) and Varian (VAR) are all at new highs.
Both Lehman and Bear Stearns upgraded the entire airline sector which helped shares of Frontier Airlines (FRNT). Right now, oil is down 40 cents to $59.45 a barrel. The VIX is also lower at 13.87.
Here’s some good news: Johnson & Johnson (JNJ) said that it may cancel its $25 billion acquisition of Guidant (GDT). Ever since the deal was announced, everything has gone wrong for Guidant. If the deal falls through, it will be good for J&J.
Finally, Fair Isaac (FIC) is due to report after the close.

Posted by on November 2nd, 2005 at 12:08 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.