Data and information is provided for informational purposes only, and is not intended for actual trading purposes. Blue Chip Pick nor any of its data or content providers shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
Dow Jones Components
Component Last Market Day Close Change YTD Change
Dow Jones Industrial 8,424.75 151.17 -57.5%
Dow Jones Transport 3,417.20 -10.15 -33.8%
Dow Jones Utility 366.00 0.67 -45.5%

# Stock Industry Symbol Last Market Day Close Change YTD Change
1 Alcoa Inc. Aluminum AA 9.48 -0.19 -285.5%
2 American Express Co. Diversified Financial AXP 19.38 0.01 -168.4%
3 AT&T Corp. Fixed Line Communications T 26.57 -0.20 -56.4%
4 Bank Of America Corp Banks BAC 15.19 0.16 -171.6%
5 Boeing Co. Aerospace & Defense BA 39.56 -1.62 -121.1%
6 Caterpillar Inc. Heavy Machinery CAT 36.19 0.49 -100.5%
7 Chevron Corp Oil Companies - Majors CVX 73.40 2.62 -27.2%
8 Citigroup Inc. Diversified Financial C 8.36 -0.53 -252.2%
9 Coca-Cola Co. Soft Drinks KO 43.49 -0.48 -41.1%
10 DuPont Co. Chemicals - Commodity DD 26.92 -0.04 -63.8%
11 Exxon Mobil Corp. Oil Companies - Majors XOM 76.33 2.95 -22.7%
12 General Electric Co. Industrial - Diversified GE 16.06 -0.05 -130.8%
13 General Motors Corp. Auto Manufacturers GM 3.09 -0.09 -705.5%
14 Hewlett-Packard Co. Computers HPQ 33.59 4.25 -50.3%
15 Home Depot Inc. Retailers - Speciality HD 20.71 0.71 -30.1%
16 Intel Corp. Semiconductors INTC 13.11 0.11 -103.4%
17 International Business Machines Corp. Computers IBM 80.08 2.60 -35.0%
18 J.P. Morgan Chase & Co. Banks JPM 32.14 -0.63 -35.8%
19 Johnson & Johnson Pharmaceuticals JNJ 60.89 1.62 -9.5%
20 Kraft Foods Inc. Food - Beverage KFT 27.12 0.29 -20.3%
21 McDonald's Corp. Restaurants MCD 56.51 0.90 -4.2%
22 Merck & Co. Pharmaceuticals MRK 26.13 0.14 -122.4%
23 Microsoft Corp. Technology - Software MSFT 19.62 0.30 -81.4%
24 Minnesota Mining & Manufacturing Co. Industrial - Diversified MMM 62.17 1.37 -35.6%
25 Pfizer Inc. Pharmaceuticals PFE 16.29 0.37 -39.5%
26 Procter & Gamble Co. Household Products - Nondurable PG 64.25 1.74 -14.3%
27 United Technologies Corp. Aerospace & Defense UTX 49.32 1.17 -55.2%
28 Verizon Communications Inc. Fixed-Line Communications VZ 28.50 -0.74 -53.3%
29 Wal-Mart Stores Inc. Retailers - Broadline WMT 52.72 0.91 9.8%
30 Walt Disney Co. Broadcasting DIS 20.67 0.93 -56.2%


# Stock Industry Symbol Last Market Day Close Change YTD Change
31 Alexander & Baldwin, Inc. Marine Transportation ALEX 0.00 0.00 %
32 AMR Corp. Airlines AMR 7.99 0.27 -75.6%
33 Burlington Northern Santa Fe Corp. Railroads BNI 77.53 -0.14 -7.4%
34 C.H. Robinson Worldwide Inc. Trucking CHRW 51.38 -0.02 -5.3%
35 Con-Way Inc. Trucking CNW 26.49 -1.16 -56.8%
36 Continental Airlines Inc. Cl B Airlines CAL 12.50 0.59 -78.0%
37 CSX Corp. Railroads CSX 36.00 -1.58 -22.2%
38 Expeditors International of Washington Inc. Air Freight EXPD 29.82 -0.36 -49.8%
39 FedEx Corp. Air Freight & Couriers FDX 64.79 2.03 -37.6%
40 GATX Corp. Industrial Services GMT 26.15 0.26 -40.3%
41 J.B. Hunt Transportation Services Trucking JBHT 24.18 0.28 -13.9%
42 JetBlue Airways Corp. Airlines JBLU 5.50 0.01 -7.3%
43 Landstar System, Inc Trucking LSTR 31.63 -0.16 -33.3%
44 Norfolk Southern Corp. Railroads NSC 50.12 0.06 -0.6%
45 Overseas Shipholding Group Inc. Marine Transportation OSG 35.04 0.25 -112.4%
46 Ryder System, Inc. Industrial Services R 33.48 -1.69 -40.4%
47 Southwest Airlines Co. Airlines LUV 9.82 -0.08 -24.2%
48 Union Pacific Corp. Railroads UNP 56.33 -0.88 -9.9%
49 United Parcel Service Inc. Air Freight UPS 54.31 1.03 -30.2%
50 YRC Worldwide Trucking YRCW 2.31 -0.48 -639.8%


# Stock Industry Symbol Last Market Day Close Change YTD Change
51 AES Corp. Electric Utilities AES 8.04 -0.16 -166.0%
52 American Electric Power Co. Electric Utilities AEP 30.46 -0.22 -52.9%
53 CenterPoint Energy Inc. Electric Utilities CNP 11.98 0.36 -43.0%
54 Consolidated Edison Inc. Electric Utilities ED 39.35 0.54 -24.1%
55 Dominion Resources Inc. Electric Utilities D 36.08 0.10 -31.5%
56 Duke Energy Corp. Electric Utilities DUK 15.68 0.29 -28.6%
57 Edison International Electric Utilities EIX 32.20 -1.06 -65.7%
58 Exelon Corp. Electric Utilities EXC 51.12 0.06 -59.7%
59 FirstEnergy Corp. Electric Utilities FE 54.00 0.42 -34.0%
60 FPL Group Inc. Electricity FPL 46.63 1.00 -45.4%
61 NiSource Inc. Electric Utilities NI 11.58 -0.16 -63.1%
62 PG&E Corp. Electric Utilities PCG 37.04 0.16 -16.3%
63 Public Service Enterprise Group Electric Utilities PEG 29.11 -0.03 -63.9%
64 Southern Co. Electric Utilities SO 35.00 -0.48 -10.7%
65 Williams Cos. Pipelines WMB 16.70 0.01 -114.3%

To Top
Federal Funds Pit
Federal Funds Pit
History of Federal Funds Rate changes
LIBOR - OIS (November 11, 2008)
LIBOR is down to 2.18% a 4-year low. It reached a high of 4.81% on 10/10/08 when equities found new 52 week lows. It was about 2.81% the day Lehman filed for bankruptcy on 9/15/08. LIBOR-OIS spread may be a worry. It has fallen to 168 basis points, which compares to 87 basis points on the last trading day before Lehman declared bankruptcy, but has averaged 11 basis points in the five years before the recent financial crisis. In the last five years before January we had just completed a 4 1/2 year bull market (03-07). Alan Greenspan stated recently that the LIBOR-OIS spread should serve as a measure for determining when markets have returned to normal. 168 basis points does not seem normal to me.
FED FUNDS FUTURES (November 8, 2008)
Based upon the 30-Day Federal Funds futures contract for the December 2008 expiration is yielding an implied rate of .47% and currently pricing in a 100% chance that the FOMC will decrease the target rate by 50 basis points to .50% on 12/16/2008. The gap change between Long Term Treasury yields and the Fed Fund Rate can indicate growth direction. The gap increasing between the two rates may indicate slower growth may be near.
FED FUNDS FUTURES (October 31, 2008)
Based upon the 30-Day Federal Funds futures contract for the December 2008 expiration is yielding an implied rate of .64% and currently pricing in a 100% chance that the FOMC will decrease the target rate by 25 basis points to .75%, and a 44% chance of a 50 bps cut to .50% on 12/19/2008. The gap change between Long Term Treasury yields and the Fed Fund Rate can indicate growth direction. The gap increasing between the two rates may indicate slower growth may be near.
 

Created by
DMC Insights, Inc.

  

Copyright © 1996, 1993, 1990 by Charlie Pesiridis. All rights reserved.
Reproduction and/or redistribution of material from any BlueChipPick.com pages without written permission is strictly prohibited.
Blue Chip Pick ® is a trademark owned by Charlie Pesiridis.