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(FOOL GLOBAL WIRE) ST. LOUIS, MO, October 4 -- Oh, happy day! The Dow is up and there's actually some news to report!
The Dow is flirting with the 6000 mark, up 60 points today to close at 5992.86. Wowza! The surprising news of a downturn in September payrolls eased fears of inflation, Treasurys were up sharply, and several IFG stocks traded on heavier-than-average volume.
Leading the IFG Wolfpack was 3Com Corp (COMS), up $2 (3.17%) in reaction to a Computerworld readers' survey that named COMS the networking industry leader in overall customer satisfaction. According to the survey, trailing COMS were Cabletron, Bay Networks, Cisco, and IBM, in that order.
Paychex Inc. (PAYX) CEO Tom Golisano's confidence in future earnings seems to be echoed by investors as PAYX reached a new 52-week high today, up $1 1/4 (2.05%). Yesterday's announcement of a 50% increase in the upcoming quarterly dividend spurred that horse right into the winner's circle!
Perennial IFG favorite Tellabs, Inc. (TLAB) gained another $2 (2.78%) on no news, but who needs news as long as TLAB keeps performing?? And SCI Systems (SCIS) is right up there, gaining $5/8 (1.12%) today, maintaining its recovery from that sharp (ouch!) drop last week.
Mirage Resorts (MIR) was up $1/4 (0.93%), and even IFG cellar dweller Quick & Reilly Group, Inc. (BQR) gained a modest $1/8 today, up 0.46% on almost twice its average 30-day volume.
Losers? Well, there were some. Hewlett-Packard's (HWP) announcement of a $100 million NASA contract for provision of Mechanical Computer-Aided Design and Geographic Information Systems weren't enough to staunch the blood flow as the industry giant lost another $1 7/8 (4.14%) today. This loss occurred during three times average 30-day volume. Hmm.
Checkpoint Systems (CKP) continues to ooze, losing $1/2 (2%) on no news. Nichols Research (NRES) seeped a mere $1/8, closing down 0.41% on very light volume.
And, since I eat the creme side (aren't you suspicious when it's spelled "creme" instead of "cream"? Sort of like "lite".) of the Oreo last, I've saved the best for last. Biggest loser of the day was -- ta-dah! -- Rotech Medical, down $15/16, or 5.10%, after being our top performer yesterday.
Whew! That, dear Reader, ends my guest appearances in the IFG Portfolio. The Dowman returneth. Glad my swan song ended on an upbeat note for the portfolio.
And I'm off to give Roger the Rehabbing Dog another try at those pesky squirrels.
Transmitted: 10/4/96 |
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