Market prices as of 3:10 PM EST
DJIA 12,321.91; Up 0.32 (0.00%)
NASDAQ 2,466.55; Up 11.71 (0.48%)
S&P500 1,405.86; Up 3.05 (0.22%)
10YR-Bond 4.5680%; Down 0.01%
NYSE Volume 1,836,650,000
NASD Volume 1,299,031,000
Bonds closed early at 2:00 PM EST ahead of Thanksgiving, but we stock jockeys had a full day (even though we are out of here an hour early).
Kirk Kerkorian’s exit from GM (GM) and into MGM Mirage acted as a sell autos and buy gamblig trade today: GM fell 4.6% to $31.10 (2:57PM) and MGM rose 9.8% to $53.81 (2:58PM).
Dell Inc (DELL) managed to avoid the death penalty after sneakily beating earnings estimates yesterday. DELL shares were up 9.7% at $27.22 (2:59 PM).
Time Warner (TWX) rose 0.6% to $20.81 (at 3:00 PM) as the NYSE showed its short interest in the name had ticked down marginally.
BJ’s Wholesale (BJ) shares were up 11% at $32.95 (3:02) after its CEO stepped down over poor sales at the company.
J Crew rose more than 10% to $40.27 (3:02 PM) after beating earnings after yesterday’s close.
SAIC Inc. (SAI) managed to rise 0.2% to $19.30 despit all analysts initiating coverage as hold and market perform ratings, although it gapped down 1% originally.
Pep Boys (PBY) rose 1.5% to $13.60 (3:05 PM) after Pirate Capital increased its stake in the lagging auto parts seller.
Cyberonics (CYBX) rose more than 5% to $26.02 (3:06) after Cramer last night said it could be an acquisition target now thet the goofy CEO Skip Cummins has resigned over options.
One day ahead of Thanksgiving, the largest plays for turkey were actually up. Pilgrim’s Pride (PPC) shares were up 1.4% at $25.25 (3:07 PM) and Tyson Foods (TSN) shares were up 0.7% at $15.62.
OK, gobble gobble! Happy Thanksgiving to all!
Jon C. Ogg
November 22, 2006
It’s Your Money, Your Future—Own It (sponsor)
Are you ahead, or behind on retirement? For families with more than $500,000 saved for retirement, finding a financial advisor who puts your interest first can be the difference, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors who serve your area in minutes. Each advisor has been carefully vetted and must act in your best interests. Start your search now.
If you’ve saved and built a substantial nest egg for you and your family, don’t delay; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.