US Stock Market Wrap (DEC 12, 2006)

DJIA    12,315.58; Down 12.90 (0.10%)
NASDAQ    2,431.60; Down 11.26 (0.46%)
S&P500    1,411.56; Down 1.48 (0.10%)
10YR-Bond  4.491%; Down 0.029
NYSE Volume    2,639,175,000
NASD Volume    1,906,346,000

The FED kept overnight rates steady at 5.25% but the statement seemd a tad more dovish, so the DJIA and other broad index losses were paired toward the end of the day.  If the trading volume felt light out there to you, it was.

(ALNY) Alnylam Pharma fell almost 7% to $22.08 after it filed to sell 4.7M shares.

(C) Citigroup fell 1.2% to $52.25 after naming a new COO, but CFO and CEO are staying put.

(CCJ) Cameco traded up 1.5% to $39.46 raised to Top Pick at RBC.

(DELL) Dell fell almost 2% to $26.20 after it lowered flat panel orders by 30% according to reports, although some of this was already known.

(GE) GE rose 1.2% to $35.64 after reaffirming EPS targets but raising its $0.25 dividend to $0.28.

(GLW) Corning fell another 3% to $19.75 on the Dell news, although the company reiterated its guidance and noted some orders tapering off just last week.  Watch the chart as $20+ was deemed a critical support by some technicians.

(HANS) Hansen Natural rose 4.7% to $34.61 after HANS was started as Overweight at JPMorgan and added to its Focus List with a $44 target.

(HPQ) H-P fell 0.5% to $39.83 after reaffirming its guidance out to 2008.

(KCAP) Kohlberg Capital 13.5M share IPO priced at $15.00; shares rose 5% to $15.86.

(MAMA) Mamma.com rose 80% to $4.28 after it launched a new video search engine.

(MTXX) Matrixx Initiatives fell 11% to $16.25 after it lowered guidance.

(NILE) Blue Nile rose 3% to $34.53 after word that it is replacing STAR on S&P Small Cap 600 Index on date TBA.

(POR) Portland General Electric fell 0.4% to $27.13 started as Underweight at JPMorgan.

(TSG) Sabre rose 5% to $31.96 after private equity firms Silver Lake and Texac Pacific stepped in to acquire the company, confirming reports and rumors.

(TXN) Texas Instruments actually rose 1.6% to $29.77 even though the "lowered targets" were worse than the street was braced for.  Texas Instruments raised to Overweight at JPMorgan; defended at Deutsche bank but target lowered to $35; maintained Buy at Jefferies but target cut to $36; maintained Buy at AGEdwards.