Opening View
Enviado: 29/4/2003 14:35Caramba, parece quase uma leitura de sina, não falta nada....
Tuesday's Opening View
The sole piece of economic data did little to impact the market. U.S.
personal income rose in March by 0.4 percent following a revised 0.2-
percent gain in February. Personal spending rose 0.4 percent in March,
following a 0.1-percent gain the prior month. The report showed that
disposable personal income (income after taxes) rose 0.3 percent in March,
following a 0.2-percent gain in February. Finally, the gains in income and
spending brought the savings rate (measures savings as a percentage of
disposable income) to 3.6 percent in March, lower than the 3.7 percent
rate in February. The February rate of saving was lowered from the
initially reported 4.0 percent.
Yesterday's internals looked excellent, but there was little volume to
back up the numbers. The volume on the NYSE came in at 1.27 billion
shares. The advance/decline ratio exploded to the highest reading in quite
some time, to 3.06 (2,450 advancing issues to 800 declining issues). The
140 new annual highs handily outpaced the 18 new annual lows. Volume on
the Nasdaq came in at just 999 million shares. The advance/decline ratio
stood at 1.98 (2,089 advancing issues to 1,053 declining issues.). The 148
new annual highs bested the 49 new annual lows.
Equity option activity on the CBOE yesterday had 237,089 put contracts
trade compared to 454,481call contracts. The resultant 0.522 put/call
ratio reversed Friday's rise in the 21-day moving average pushing it back
into the mode demonstrated prior to Friday, currently standing at 0.691.
The CBOE Market Volatility Index (VIX –23.05) slid by 3.56 percent and the
Nasdaq-100 Trust Volatility Index (QQV – 28.55) added 1.71 percent.
As for today, before the market open, the two weekly reports on the health
of the retail sector will be released. BTM-UBS Warburg Chain Store Sales
for the prior week rose by 1.9 percent. Redbook Retail Sales for the same
period surged by 4.6 percent.
Also before the market open, the first-quarter Employment Cost Index (ECI)
is expected to have risen by 0.8 percent, up from the final fourth-quarter
figure of plus 0.7 percent. For all of 2002, the cost to employers of
hiring and retaining civilian employees came in at its lowest level in
three years. The Employment Cost Index rose by just 3.4 percent through
December 2002. The ECI was one of Fed Chairman Greenspan key indicators of
inflation during the raging bull market, but it would seem a little
economic growth would carry the torch in this environment. As such this
report probable will not move the market.
At 10:00 a.m., the Conference Board will release its April Consumer
Confidence Index. Analysts currently expect a reading of 70.5 versus the
62.5 of March and the 64.8 of February. It would seem that an improvement
is in order with the hostilities in Iraq behind us. Concerns over a
potential war and continued weakness in the labor market (which has not
been resolved) had pressured the prior report.
In futures trading, the June 2003 contracts on the SPX (914.84, plus 1.78
percent), DJIA (8471.61, plus 1.99 percent), and the NDX (1107.13, plus
2.21 percent) are currently trading above their respective fair value
numbers, indicative of a positive open on today's session. At this point
in time session lows and highs: SP/M3 (912.50/917.00), DJ/M3
(8435.00/8473.00), and ND/M3 (1104.00/1112.50).
Overseas markets seem free to rise without the drag of the Nikkei (closed
for holiday). Currently all of the 14 trading bourses are positive with a
cumulative average return of 1.323 percent. March retail sales in the
United Kingdom rose a better-than-expected 0.6 percent on the month. On a
year-over-year basis retail sales are up by 4.3 percent. Economists were
looking for plus 0.2 percent and a plus 3.4 percent, respectively. The
figures rose for the first time in three months, but the first three
months of the year grew at just plus 0.1 percent, the lowest rate of
growth in three years.
The U.S. Dollar Index (DX/Y – 98.67) added 34 cents yesterday. The U.S.
dollar advance versus all of our benchmarks with the exception of the
pound, real, and peso. The euro failed to hold above the 1.10 to the U.S.
dollar level following two successful closes above this key level.
Currency/ Last/ Change
euro ($/EC)/ 1.0961/ -0.00180
British pound ($/BP)/ 1.5905/ 0.00140
Japanese yen (Y/$)/ 120.3369/ 0.00040
Brazilian real (R/$)/ 2.9550/ -0.00057
Mexican peso (P/$)/ 10.3648/ 0.00007
Canadian dollar (CD/$)/ 1.4531/ -0.00120
Swiss Franc (F/$)/ 1.3751/ -0.00240
The June future contract on gold (GC/M3 – 334.80) settled higher by $1.10
per ounce on the regular trading session yesterday. The uncertain
resolution to SARS (severe acute respiratory syndrome) and the discord in
North Korea will no doubt keep some bit in the contract. The contract is
staring face-to-face with its 10-week moving average (around 335), a
trendline which has proven a worthy adversary since the end of February.
In early trading this morning the contract is lower by $1.60 to 333.20.
London spot was quoted at $332.00/333.00.
The June future contract on the 30-year bond (US/M3 – 113'13) closed
unchanged from the prior session. The contract started positive on the
session following Eurobonds higher. A disappointing Ifo survey report as
well as continuing difficulties with Korea's evil half added buoyancy to
the fixed income group. The contract gave up those gains, yielding to the
persistent strength in equities as well as the overhang of new supply soon
to come to market. The yields on the two-year and 10-year notes stood at
1.593 percent and 3.906 percent, respectively. The 2-30 year yield spread
stood 323 basis points.
Early London trading has the group trading lower on the perceived strength
equities. One Wednesday the treasury will announce its funding needs for
the quarter. This threat of additional supply will offer some pressure at
least until the announcement clears that uncertainty. Current thinking has
the treasury satiating most of the government's needs with the five-year
note, which could be under additional pressure.
2-year note was at 100, down 1/32 to yield 1.61 percent
5-year note was at 100-18/32, down 4/32 to yield 2.87 percent
10-year note was at 99-17/32, down 5/32 to yield 3.93 percent
30-year bond was at 108-7/32, down 4/32 to yield 4.83 percent
The yield curve, as measured by the 2-30-year yield spread, stands at 322
basis points.
The June contract on sweet crude oil (CL/M3 – 25.49) slid by 77 cents
yesterday, settling just four pennies above the April 7 low of 25.45.
Concerns on sufficiently abundant that supplies will pressure the contract
until at least Wednesday's release of the American Petroleum Institute's
weekly inventory figures. The report will either confirm or dispel
concerns over a glut. In early market trading, the contract is lower by
0.37 cents to 25.12. This contract has not traded below $25.00 level since
November 25.
Today's Economic Calendar :
7:45 a.m.: BTM-UBS Warburg Chain Store Sales for the week ending April 26
(last plus 1.9 percent).
8:30 a.m.: First-Quarter Employment Cost Index (seen as plus 0.8 percent,
last plus 0.7 percent).
9:00 a.m.: Redbook Retail Sales for the week ending April 26 (last plus
4.6 percent).
10:00 a.m.: April Conference Board Consumer Confidence Index (seen at 70.5,
last 62.5).
Earnings expected today with current estimates:
AMLI Residential (AML) 1Q 0.52
AMN Healthcare Services (AHS) 1Q 0.29
Ace Ltd. (ACE) 1Q 0.96
Actuate Corp. (ACTU) 1Q 0.02
Adolph Coors Co. (RKY) 1Q 0.27
Aftermarket Tech (ATAC) 1Q 0.38
Aksys Ltd. (AKSY) 1Q -0.19
Alliance Cap (AC) 1Q 0.44
Allied Waste (AW) 1Q 0.1
Amer Elec Power (AEP) 1Q 0.51-came in at 0.61
Amerada Hess (AHC) 1Q 1.88
Ameristar Casinos (ASCA) 1Q 0.35
Amkor Technologies (AMKR) 1Q -0.36
Amtran Inc. (ATAH) 1Q -1.94
Anaren Microwave (ANEN) 3Q 0
Andrx Group (ADRX) 1Q 0.09-came in at 0.09
Anixter Inc. (AXE) 1Q 0.28-came in at 0.27
Arden Realty (ARI) 1Q 0.68
Aspen Tech (AZPN) 3Q 0.04
Asyst Tech (ASYT) 4Q -0.47
Atwood Oceanics (ATW) 2Q 0.07
Avalonbay Communities (AVB) 1Q 0.78
Bank United Fincl (BKUNA) 2Q 0.32
Borland Software (BORL) 1Q -0.03
Bottomline Tech (EPAY) 3Q 0
Bowater Inc. (BOW) 1Q -0.91
Bunge Limited (BG) 1Q 0.33-came in at 0.40
CSG Systems (CSGS) 1Q 0.22
Caraustar Industries (CSAR) 1Q -0.03-came in at -0.26
Cardiac Science (DFIB) 1Q -0.05-came in at -0.04
Caremark Rx (CMX) 1Q 0.23-came in at 0.24
Chateau Communities (CPJ) 1Q 0.56
Cobalt Corp. (CBZ) 1Q 0.24
CommScope Inc. (CTV) 1Q -0.05
Commerce Group (CGI) 1Q 0.7
Concord EFS (CE) 1Q 0.17-came in at 0.16
Cooper Cameron (CAM) 1Q 0.24-came in at 0.23
Corvis Corp. (CORV) 1Q -0.1
Countrywide Fincl (CFC) 1Q 2.08-came in at 2.44
Coventry Health Care (CVH) 1Q 0.70--came in at 0.83
Crompton Corp. (CK) 1Q 0.06
Curative Health Services (CURE) 1Q 0.38
DMC Stratex Networks (STXN) 4Q -0.02
DuPont Co. (DD) 1Q 0.54-came in at 0.53
Dyax Corp. (DYAX) 1Q -0.34-came in at -0.31
Dynegy Inc. (DYN) 1Q -0.17-came in at +0.17
Education Management (EDMC) 3Q 0.5
Engelhard (EC) 1Q 0.31-came in at 0.44
Equity Office (EOP) 1Q 0.71-came in at 0.73
Ericsson Telephone (ERICY) 1Q -0.24
Exelon Corp. (EXC) 1Q 1.06-came in at 1.22
FEI Co. (FEIC) 1Q 0.08-came in at 0.06
Fluor Corp. (FLR) 1Q 0.5
Fresh Del Monte (FDP) 1Q 1.27-came in at 1.55
G&K Services (GKSRA) 3Q 0.31
Gen-Probe Inc. (GPRO) 1Q 0.21
Hall Kinion Associates (HAKI) 1Q -0.11
Halliburton Co. (HAL) 1Q 0.19-came in at 0.14
Ilex Oncology (ILXO) 1Q -0.38
Ingram Micro (IM) 1Q 0.15
InterMune Inc. (ITMN) 1Q -0.77
Inveresk Research Grp (IRGI) 1Q 0.22
JDS Uniphase Corp. (JDSU) 3Q -0.04
JNI Corp. (JNIC) 1Q -0.16
Janus Capital Grp (JNS) 1Q 0.17
Jones Apparel (JNY) 1Q 0.85-came in at 0.90
Kansas City Southern (KSU) 1Q 0.09
Kaydon Corp. (KDN) 1Q 0.25
Kenneth Cole Products (KCP) 1Q 0.31
Key Energy Services (KEG) 1Q -0.01
Kilroy Realty (KRC) 1Q 0.8
MIM Corp. (MIMS) 1Q 0.15
MTC Technologies (MTCT) 1Q 0.17
Magma Design Auto (LAVA) 4Q 0.09
Martin Marietta Materials (MLM) 1Q -0.28
Maxim Integrated (MXIM) 3Q 0.23
McGraw-Hill (MHP) 1Q 0.19
McKesson Corp. (MCK) 4Q 0.59
MedSource Technologies (MEDT) 3Q 0.03
Meredith Corp. (MDP) 3Q 0.49
MicroStrategy (MSTR) 1Q 0.11
Moog Inc. (MOGA) 2Q 0.66
Multimedia Games (MGAM) 2Q 0.56
Nabors Industries (NBR) 1Q 0.24-came in at 0.31
Navigant Intl (FLYR) 1Q 0.31
Neoforma Inc. (NEOF) 1Q 0.3
Neuberger Berman (NEU) 1Q 0.4
Newell Rubbermaid (NWL) 1Q 0.27
NiSource Inc. (NI) 1Q 0.94-came in at 1.04
Northrop Grumman (NOC) 1Q 0.56
OM Group (OMG) 1Q 0.07
Omnicom Group (OMC) 1Q 0.70-came in at 0.69
Orthologic (OLGC) 1Q -0.01
PPL Corp. (PPL) 1Q 0.99
Papa John (PZZA) 1Q 0.63
Paxar Corp (PXR) 1Q 0.02
Performance Food (PFGC) 1Q 0.34
Perot Systems Corp. (PER) 1Q 0.14
Phelps Dodge (PD) 1Q -0.32-came in at -0.21
Pioneer Natural Resources (PXD) 1Q 0.59
PolyOne Corp. (POL) 1Q -0.05
Precise Software (PRSE) 1Q 0.07
Precision Cast (PCP) 4Q 0.71
Premcor Inc. (PCO) 1Q 0.87
Prime Hospitality (PDQ) 1Q -0.05
Protein Design Labs (PDLI) 1Q -0.03
QLogic Corp. (QLGC) 4Q 0.3
Quidel Corp. (QDEL) 1Q 0.09
Radware (RDWR) 1Q 0.03
RealNetworks Inc. (RNWK) 1Q -0.02
Remington Oil & Gas (REM) 1Q 0.44
Renal Care Group (RCI) 1Q 0.49
Republic Services (RSG) 1Q 0.33
Rita Medical (RITA) 1Q -0.18
Rouse Co. (RSE) 1Q 0.95
SI International (SINT) 1Q 0.14
SPSS Inc. (SPSS) 1Q 0.09
ST Assembly Test (STTS) 1Q -0.16
Saga Communications (SGA) 1Q 0.08
Signal Tech (STCO) 1Q 0.08
SimpleTech Inc. (STEC) 1Q -0.02
Somera Communication (SMRA) 1Q -0.04
Sonic Automotive (SAH) 1Q 0.48
Spherion Corp. (SFN) 1Q -0.1
Spinnaker Exploration (SKE) 1Q 0.44
Stanley Works (SWK) 1Q 0.34
Starwood Hotels (HOT) 1Q -0.02
Stellent Inc. (STEL) 4Q -0.09
Summit Properties (SMT) 1Q 0.41
Swift Transportation (SWFT) 1Q 0.09
Symbol Technologies (SBL) 1Q 0.04
TMP Worldwide (TMPW) 1Q 0.06
Tasty Baking Co. (TBC) 1Q 0.05
TeleTech Holdings (TTEC) 1Q 0.05
Teppco Partners (TPP) 1Q 0.37
Terayon Commun (TERN) 1Q -0.27
Time Warner Telecom (TWTC) 1Q -0.36
Titan Corp. (TTN) 1Q 0.13
Transocean Inc. (RIG) 1Q 0.12
Trimble Navigation (TRMB) 1Q 0.17
USFreightways (USFC) 1Q 0.14
United States Steel (X) 1Q -0.28
Universal Electronic (UEIC) 1Q 0.05
Ventas Inc. (VTR) 1Q 0.35
Veritas DGC (VTS) 3Q 0.23
WCI Communities (WCI) 1Q 0.25
WMS Industries (WMS) 3Q -0.02
WastIndus USA (WWIN) 1Q 0.16
Waste Management (WMI) 1Q 0.23
WebMethods Inc. (WEBM) 4Q 0.01
Westwood One Inc. (WON) 1Q 0.15
Xcel Energy (XEL) 1Q 0.29
Tuesday's Opening View
The sole piece of economic data did little to impact the market. U.S.
personal income rose in March by 0.4 percent following a revised 0.2-
percent gain in February. Personal spending rose 0.4 percent in March,
following a 0.1-percent gain the prior month. The report showed that
disposable personal income (income after taxes) rose 0.3 percent in March,
following a 0.2-percent gain in February. Finally, the gains in income and
spending brought the savings rate (measures savings as a percentage of
disposable income) to 3.6 percent in March, lower than the 3.7 percent
rate in February. The February rate of saving was lowered from the
initially reported 4.0 percent.
Yesterday's internals looked excellent, but there was little volume to
back up the numbers. The volume on the NYSE came in at 1.27 billion
shares. The advance/decline ratio exploded to the highest reading in quite
some time, to 3.06 (2,450 advancing issues to 800 declining issues). The
140 new annual highs handily outpaced the 18 new annual lows. Volume on
the Nasdaq came in at just 999 million shares. The advance/decline ratio
stood at 1.98 (2,089 advancing issues to 1,053 declining issues.). The 148
new annual highs bested the 49 new annual lows.
Equity option activity on the CBOE yesterday had 237,089 put contracts
trade compared to 454,481call contracts. The resultant 0.522 put/call
ratio reversed Friday's rise in the 21-day moving average pushing it back
into the mode demonstrated prior to Friday, currently standing at 0.691.
The CBOE Market Volatility Index (VIX –23.05) slid by 3.56 percent and the
Nasdaq-100 Trust Volatility Index (QQV – 28.55) added 1.71 percent.
As for today, before the market open, the two weekly reports on the health
of the retail sector will be released. BTM-UBS Warburg Chain Store Sales
for the prior week rose by 1.9 percent. Redbook Retail Sales for the same
period surged by 4.6 percent.
Also before the market open, the first-quarter Employment Cost Index (ECI)
is expected to have risen by 0.8 percent, up from the final fourth-quarter
figure of plus 0.7 percent. For all of 2002, the cost to employers of
hiring and retaining civilian employees came in at its lowest level in
three years. The Employment Cost Index rose by just 3.4 percent through
December 2002. The ECI was one of Fed Chairman Greenspan key indicators of
inflation during the raging bull market, but it would seem a little
economic growth would carry the torch in this environment. As such this
report probable will not move the market.
At 10:00 a.m., the Conference Board will release its April Consumer
Confidence Index. Analysts currently expect a reading of 70.5 versus the
62.5 of March and the 64.8 of February. It would seem that an improvement
is in order with the hostilities in Iraq behind us. Concerns over a
potential war and continued weakness in the labor market (which has not
been resolved) had pressured the prior report.
In futures trading, the June 2003 contracts on the SPX (914.84, plus 1.78
percent), DJIA (8471.61, plus 1.99 percent), and the NDX (1107.13, plus
2.21 percent) are currently trading above their respective fair value
numbers, indicative of a positive open on today's session. At this point
in time session lows and highs: SP/M3 (912.50/917.00), DJ/M3
(8435.00/8473.00), and ND/M3 (1104.00/1112.50).
Overseas markets seem free to rise without the drag of the Nikkei (closed
for holiday). Currently all of the 14 trading bourses are positive with a
cumulative average return of 1.323 percent. March retail sales in the
United Kingdom rose a better-than-expected 0.6 percent on the month. On a
year-over-year basis retail sales are up by 4.3 percent. Economists were
looking for plus 0.2 percent and a plus 3.4 percent, respectively. The
figures rose for the first time in three months, but the first three
months of the year grew at just plus 0.1 percent, the lowest rate of
growth in three years.
The U.S. Dollar Index (DX/Y – 98.67) added 34 cents yesterday. The U.S.
dollar advance versus all of our benchmarks with the exception of the
pound, real, and peso. The euro failed to hold above the 1.10 to the U.S.
dollar level following two successful closes above this key level.
Currency/ Last/ Change
euro ($/EC)/ 1.0961/ -0.00180
British pound ($/BP)/ 1.5905/ 0.00140
Japanese yen (Y/$)/ 120.3369/ 0.00040
Brazilian real (R/$)/ 2.9550/ -0.00057
Mexican peso (P/$)/ 10.3648/ 0.00007
Canadian dollar (CD/$)/ 1.4531/ -0.00120
Swiss Franc (F/$)/ 1.3751/ -0.00240
The June future contract on gold (GC/M3 – 334.80) settled higher by $1.10
per ounce on the regular trading session yesterday. The uncertain
resolution to SARS (severe acute respiratory syndrome) and the discord in
North Korea will no doubt keep some bit in the contract. The contract is
staring face-to-face with its 10-week moving average (around 335), a
trendline which has proven a worthy adversary since the end of February.
In early trading this morning the contract is lower by $1.60 to 333.20.
London spot was quoted at $332.00/333.00.
The June future contract on the 30-year bond (US/M3 – 113'13) closed
unchanged from the prior session. The contract started positive on the
session following Eurobonds higher. A disappointing Ifo survey report as
well as continuing difficulties with Korea's evil half added buoyancy to
the fixed income group. The contract gave up those gains, yielding to the
persistent strength in equities as well as the overhang of new supply soon
to come to market. The yields on the two-year and 10-year notes stood at
1.593 percent and 3.906 percent, respectively. The 2-30 year yield spread
stood 323 basis points.
Early London trading has the group trading lower on the perceived strength
equities. One Wednesday the treasury will announce its funding needs for
the quarter. This threat of additional supply will offer some pressure at
least until the announcement clears that uncertainty. Current thinking has
the treasury satiating most of the government's needs with the five-year
note, which could be under additional pressure.
2-year note was at 100, down 1/32 to yield 1.61 percent
5-year note was at 100-18/32, down 4/32 to yield 2.87 percent
10-year note was at 99-17/32, down 5/32 to yield 3.93 percent
30-year bond was at 108-7/32, down 4/32 to yield 4.83 percent
The yield curve, as measured by the 2-30-year yield spread, stands at 322
basis points.
The June contract on sweet crude oil (CL/M3 – 25.49) slid by 77 cents
yesterday, settling just four pennies above the April 7 low of 25.45.
Concerns on sufficiently abundant that supplies will pressure the contract
until at least Wednesday's release of the American Petroleum Institute's
weekly inventory figures. The report will either confirm or dispel
concerns over a glut. In early market trading, the contract is lower by
0.37 cents to 25.12. This contract has not traded below $25.00 level since
November 25.
Today's Economic Calendar :
7:45 a.m.: BTM-UBS Warburg Chain Store Sales for the week ending April 26
(last plus 1.9 percent).
8:30 a.m.: First-Quarter Employment Cost Index (seen as plus 0.8 percent,
last plus 0.7 percent).
9:00 a.m.: Redbook Retail Sales for the week ending April 26 (last plus
4.6 percent).
10:00 a.m.: April Conference Board Consumer Confidence Index (seen at 70.5,
last 62.5).
Earnings expected today with current estimates:
AMLI Residential (AML) 1Q 0.52
AMN Healthcare Services (AHS) 1Q 0.29
Ace Ltd. (ACE) 1Q 0.96
Actuate Corp. (ACTU) 1Q 0.02
Adolph Coors Co. (RKY) 1Q 0.27
Aftermarket Tech (ATAC) 1Q 0.38
Aksys Ltd. (AKSY) 1Q -0.19
Alliance Cap (AC) 1Q 0.44
Allied Waste (AW) 1Q 0.1
Amer Elec Power (AEP) 1Q 0.51-came in at 0.61
Amerada Hess (AHC) 1Q 1.88
Ameristar Casinos (ASCA) 1Q 0.35
Amkor Technologies (AMKR) 1Q -0.36
Amtran Inc. (ATAH) 1Q -1.94
Anaren Microwave (ANEN) 3Q 0
Andrx Group (ADRX) 1Q 0.09-came in at 0.09
Anixter Inc. (AXE) 1Q 0.28-came in at 0.27
Arden Realty (ARI) 1Q 0.68
Aspen Tech (AZPN) 3Q 0.04
Asyst Tech (ASYT) 4Q -0.47
Atwood Oceanics (ATW) 2Q 0.07
Avalonbay Communities (AVB) 1Q 0.78
Bank United Fincl (BKUNA) 2Q 0.32
Borland Software (BORL) 1Q -0.03
Bottomline Tech (EPAY) 3Q 0
Bowater Inc. (BOW) 1Q -0.91
Bunge Limited (BG) 1Q 0.33-came in at 0.40
CSG Systems (CSGS) 1Q 0.22
Caraustar Industries (CSAR) 1Q -0.03-came in at -0.26
Cardiac Science (DFIB) 1Q -0.05-came in at -0.04
Caremark Rx (CMX) 1Q 0.23-came in at 0.24
Chateau Communities (CPJ) 1Q 0.56
Cobalt Corp. (CBZ) 1Q 0.24
CommScope Inc. (CTV) 1Q -0.05
Commerce Group (CGI) 1Q 0.7
Concord EFS (CE) 1Q 0.17-came in at 0.16
Cooper Cameron (CAM) 1Q 0.24-came in at 0.23
Corvis Corp. (CORV) 1Q -0.1
Countrywide Fincl (CFC) 1Q 2.08-came in at 2.44
Coventry Health Care (CVH) 1Q 0.70--came in at 0.83
Crompton Corp. (CK) 1Q 0.06
Curative Health Services (CURE) 1Q 0.38
DMC Stratex Networks (STXN) 4Q -0.02
DuPont Co. (DD) 1Q 0.54-came in at 0.53
Dyax Corp. (DYAX) 1Q -0.34-came in at -0.31
Dynegy Inc. (DYN) 1Q -0.17-came in at +0.17
Education Management (EDMC) 3Q 0.5
Engelhard (EC) 1Q 0.31-came in at 0.44
Equity Office (EOP) 1Q 0.71-came in at 0.73
Ericsson Telephone (ERICY) 1Q -0.24
Exelon Corp. (EXC) 1Q 1.06-came in at 1.22
FEI Co. (FEIC) 1Q 0.08-came in at 0.06
Fluor Corp. (FLR) 1Q 0.5
Fresh Del Monte (FDP) 1Q 1.27-came in at 1.55
G&K Services (GKSRA) 3Q 0.31
Gen-Probe Inc. (GPRO) 1Q 0.21
Hall Kinion Associates (HAKI) 1Q -0.11
Halliburton Co. (HAL) 1Q 0.19-came in at 0.14
Ilex Oncology (ILXO) 1Q -0.38
Ingram Micro (IM) 1Q 0.15
InterMune Inc. (ITMN) 1Q -0.77
Inveresk Research Grp (IRGI) 1Q 0.22
JDS Uniphase Corp. (JDSU) 3Q -0.04
JNI Corp. (JNIC) 1Q -0.16
Janus Capital Grp (JNS) 1Q 0.17
Jones Apparel (JNY) 1Q 0.85-came in at 0.90
Kansas City Southern (KSU) 1Q 0.09
Kaydon Corp. (KDN) 1Q 0.25
Kenneth Cole Products (KCP) 1Q 0.31
Key Energy Services (KEG) 1Q -0.01
Kilroy Realty (KRC) 1Q 0.8
MIM Corp. (MIMS) 1Q 0.15
MTC Technologies (MTCT) 1Q 0.17
Magma Design Auto (LAVA) 4Q 0.09
Martin Marietta Materials (MLM) 1Q -0.28
Maxim Integrated (MXIM) 3Q 0.23
McGraw-Hill (MHP) 1Q 0.19
McKesson Corp. (MCK) 4Q 0.59
MedSource Technologies (MEDT) 3Q 0.03
Meredith Corp. (MDP) 3Q 0.49
MicroStrategy (MSTR) 1Q 0.11
Moog Inc. (MOGA) 2Q 0.66
Multimedia Games (MGAM) 2Q 0.56
Nabors Industries (NBR) 1Q 0.24-came in at 0.31
Navigant Intl (FLYR) 1Q 0.31
Neoforma Inc. (NEOF) 1Q 0.3
Neuberger Berman (NEU) 1Q 0.4
Newell Rubbermaid (NWL) 1Q 0.27
NiSource Inc. (NI) 1Q 0.94-came in at 1.04
Northrop Grumman (NOC) 1Q 0.56
OM Group (OMG) 1Q 0.07
Omnicom Group (OMC) 1Q 0.70-came in at 0.69
Orthologic (OLGC) 1Q -0.01
PPL Corp. (PPL) 1Q 0.99
Papa John (PZZA) 1Q 0.63
Paxar Corp (PXR) 1Q 0.02
Performance Food (PFGC) 1Q 0.34
Perot Systems Corp. (PER) 1Q 0.14
Phelps Dodge (PD) 1Q -0.32-came in at -0.21
Pioneer Natural Resources (PXD) 1Q 0.59
PolyOne Corp. (POL) 1Q -0.05
Precise Software (PRSE) 1Q 0.07
Precision Cast (PCP) 4Q 0.71
Premcor Inc. (PCO) 1Q 0.87
Prime Hospitality (PDQ) 1Q -0.05
Protein Design Labs (PDLI) 1Q -0.03
QLogic Corp. (QLGC) 4Q 0.3
Quidel Corp. (QDEL) 1Q 0.09
Radware (RDWR) 1Q 0.03
RealNetworks Inc. (RNWK) 1Q -0.02
Remington Oil & Gas (REM) 1Q 0.44
Renal Care Group (RCI) 1Q 0.49
Republic Services (RSG) 1Q 0.33
Rita Medical (RITA) 1Q -0.18
Rouse Co. (RSE) 1Q 0.95
SI International (SINT) 1Q 0.14
SPSS Inc. (SPSS) 1Q 0.09
ST Assembly Test (STTS) 1Q -0.16
Saga Communications (SGA) 1Q 0.08
Signal Tech (STCO) 1Q 0.08
SimpleTech Inc. (STEC) 1Q -0.02
Somera Communication (SMRA) 1Q -0.04
Sonic Automotive (SAH) 1Q 0.48
Spherion Corp. (SFN) 1Q -0.1
Spinnaker Exploration (SKE) 1Q 0.44
Stanley Works (SWK) 1Q 0.34
Starwood Hotels (HOT) 1Q -0.02
Stellent Inc. (STEL) 4Q -0.09
Summit Properties (SMT) 1Q 0.41
Swift Transportation (SWFT) 1Q 0.09
Symbol Technologies (SBL) 1Q 0.04
TMP Worldwide (TMPW) 1Q 0.06
Tasty Baking Co. (TBC) 1Q 0.05
TeleTech Holdings (TTEC) 1Q 0.05
Teppco Partners (TPP) 1Q 0.37
Terayon Commun (TERN) 1Q -0.27
Time Warner Telecom (TWTC) 1Q -0.36
Titan Corp. (TTN) 1Q 0.13
Transocean Inc. (RIG) 1Q 0.12
Trimble Navigation (TRMB) 1Q 0.17
USFreightways (USFC) 1Q 0.14
United States Steel (X) 1Q -0.28
Universal Electronic (UEIC) 1Q 0.05
Ventas Inc. (VTR) 1Q 0.35
Veritas DGC (VTS) 3Q 0.23
WCI Communities (WCI) 1Q 0.25
WMS Industries (WMS) 3Q -0.02
WastIndus USA (WWIN) 1Q 0.16
Waste Management (WMI) 1Q 0.23
WebMethods Inc. (WEBM) 4Q 0.01
Westwood One Inc. (WON) 1Q 0.15
Xcel Energy (XEL) 1Q 0.29