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Outside of the strike news, today was a pretty slow day on Wall Street. Traders were pleased enough to give us the best day this week. The market rallied steadily all day. Every sector but energy was up. I have a feeling that’s going to be a theme during 2006. Just avoid energy and you’ll do well next year. Today, the S&P 500 gained 0.42% and our Buy List was up 0.40%.

Apparently, Biomet (BMET) has lots of fans out there. The stock gained over $1 a share today. Forbes noted that Morgan reiterated its “overweight” rating on the stock. Of all the stocks to worry about, Biomet is not one.

Frontier Airlines (FRNT) rose for the eighth time in the last nine days. This stock seems to like to move in waves. I’m still a bit puzzled by the company’s low guidance for next quarter. Maybe they’re setting the bar low intentionally, but I would be very surprised if Frontier misses this quarter.

CACI International (CAI) said that it’s going to buy Information Systems Support Inc. Terms of the deal were not disclosed, but we believe it has something to do with money.

Bed Bath & Beyond (BBBY) finished down 12% today. The stock is about where it was four years ago. Since then, sales have doubled and profits are up about 150%.

Also, checks for the Wall Street research scandal are going out in the mail. Are you getting one? Me neither.

Lastly, President Bush pardons two moonshiners.

Posted by edelfenbein at December 22, 2005 5:10 PM