Investing

US Stock Market Wrap (JAN 4, 2007)

DJIA    12,480.69;  Up 6.17 (0.05%)
NASDAQ    2,453.43; Up 30.27 (1.25%)
S&P500    1,418.34; Up 1.74 (0.12%)
10YR-Bond    4.618%; Down 0.046
NYSE Volume    2,938,063,000
NASD Volume    2,079,107,000

Slower factory orders in December pulled the markets down, but lower energy prices helped bolster non-energy shares.  NYSE volume reached almost 3 Billion shares again.

As oil prices gave up more than $2.00 more per barrel down to $55.79, Exxon (XOM) fell almost 2% to $72.72 and Oil Service HOLDRS (OIH) fell 2.5% more to $130.01.

Time Warner (TWX) rose 1.7% to $22.42 after the company unveiled a multi-format DVD disc that can accomodate HD-DVD and Blu-ray DVD formats and after more talk thatthe Time Warner Cable stock could trade as early as next week or the week after.

Microvision (MVIS) rose a sharp 22% to $3.74 on word that it was unveiling a candy-sized projection display for mobile devices at CES this weekend.

Intel (INTC) rose some 4% to $21.17 after Banc of America put estimates toward the higher end for the quarter since they didn’t warn in late December from prior levels.

DiVX (DIVX) rose 6% to $23.24 after unveiling a new streaming platform for the Consumer Electronics Show.

ebay (EBAY) rose more than 4% to $31.59 on new rounds of listing fee hikes, which is odd when you consider how much controversy this has caused in the past.  Maybe the alternative auction platforms just aren’t winning like eBay did.

Altria (MO) rose 1.3% to $87.65 on word that Jim Cramer on MAD MONEY listed it as his #1 Value Stock for 2007.

Six Flags (SIX) rose almost 6% to $5.69 after Jim Cramer interviewed the CEO and said the stock is going higher.

Uranerz (URZ), a thin volume Uranium exploration company, fell 13.5% to $3.72 after making another property rights acquisition yesterday as energy prices slid.

Van der Moolen (VDM) fell 2.3% to $5.95 after more word surfaced that NYSE specialist firm Bear Hunter was only getting valued at $0.30 on the dollar as fears mount of a disappearing NYSE floor.

Cisco Systems (CSCO) rose 2.6% to $28.46 after making another data security acquisition for more than $800 million.  It acquired privately-held IronPort.

BEA Systems (BEAS) rose another 5% to $12.92 after research reports indicated Hewlett Packard could take a shot at buying the company, and that rumor is a re-rumor of one that has been around for about 7 years now (literally).

Research in Motion (RIMM) rose over 7% to $138.57 after a push-to-talk licensing pact with Kodiak Networks.

Jon C. Ogg
January 4, 2007

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