Davidson 99 Regional Index Pulls Back During Second Quarter.GREAT FALLS Great Falls, city (1990 pop. 55,097), seat of Cascade co., N central Mont., second largest city in the state, at the confluence of the Missouri and Sun rivers and near the falls that give the city its name; inc. 1888. , Mont. -- D.A. Davidson & Co., the largest full-service investment firm based in the Northwest, today announced that the Davidson 99 Regional Stock Index declined 4.9 percent for the second quarter of the year, lagging behind the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. and S&P 500 but outperforming the NASDAQ Composite The Nasdaq Composite is a stock market index of all of the common stocks and similar securities (e.g. ADRs, tracking stocks, limited partnership interests) listed on the NASDAQ stock market, meaning that it has over 3,000 components. It is highly followed in the U.S. . For the second quarter, the Dow Jones Industrial Average gained 0.4 percent, while the S&P 500 and NASDAQ Composite fell 1.9 percent and 7.3 percent, respectively. Year to date, the Davidson 99 Regional Index is up 2.8 percent, compared with a 4 percent gain for the Dow, a 1.8 percent rise for the S&P 500 and a 1.5 percent loss for the NASDAQ Composite. Since its inception in January 2004, the Davidson 99 is up 32.4 percent. "The Davidson 99 Regional Index, with the rest of the market, experienced a pullback during the quarter. After outperforming the major indices for each of the previous eight quarters, it isn't surprising the index was hit by a little heavier profit-taking last quarter than the Dow and S&P 500," said Fred Dickson, Chief Market Strategist Noun 1. market strategist - someone skilled in planning marketing campaigns strategian, strategist - an expert in strategy (especially in warfare) for D.A. Davidson & Co. "The Davidson 99 continues to enjoy the benefit of strong regional economic growth from its services and transportation equipment and materials component companies, but has seen slowing in companies that sell to the consumer -- a natural consequence of high energy prices and rising interest rates." Six Davidson 99 stocks gained more than 20 percent during the quarter, led by Advanced Digital Information Corp., up 34 percent. Three stocks in the index gained 30 percent: American Ecology Corp., RealNetworks and Expeditors International Expeditors International of Washington, Inc. NASDAQ: EXPD is a global logistics and freight forwarding company based in Seattle, Washington, USA. Company History Expeditors was founded in Seattle, Washington in 1979. . The four Davidson 99 stocks with the worst performance for the quarter were Pixelworks Inc., off 45 percent; NPS NPS National Park Service NPS Naval Postgraduate School NPS Net Promoter Score (customer management) NPS Non-Point Source pollution NPS Native Plant Society NPS Norfolk Public Schools (Virginia) Pharmaceuticals Inc., down 43 percent; U.S. Energy Corporation, off 39 percent; and Headwaters Inc., down 36 percent. Two changes were made to the Davidson 99 index during June. Albertsons, which was acquired by SUPERVALU, Inc. and a private investing group, was replaced with Idaho-based American Ecology Corporation, also based in Boise, Idaho “Boise” redirects here. For other uses, see Boise (disambiguation). Boise is the capital and most populous city of the U.S. state of Idaho. It is the county seat of Ada County and the principal city of the Boise metropolitan area. . Nextel Partners was acquired by Sprint Nextel Sprint Nextel Corporation (NYSE: S) is one of the largest telecommunications companies in the world. With 55 million subscribers, Sprint Nextel operates the third largest wireless telecommunications network in the United States (based on total wireless customers), behind Corp. and replaced with TeleTech Holdings, Inc., based in Englewood, Colo. The Davidson 99 was launched Jan. 1, 2004. It is comprised of 99 stocks from companies operating within seven Northwest and Rocky Mountain states Rocky Mountain States A region of the western United States including Colorado, Idaho, Montana, Nevada, Utah, and Wyoming. , including Colorado, Idaho, Montana, Oregon, Utah, Washington and Wyoming. The securities were selected based on market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. , importance within their sectors and importance in the states they represent. All 10 major market sectors are represented, showing the diversification of the region's companies. The Davidson 99 Regional Index is published daily at www.dadavidson.com, along with occasional commentary from D.A. Davidson's Private Client Strategy Team on the performance of the index and implications regarding the economic health of these regions. The index is price-weighted, or calculated in the same manner as the Dow Jones Industrial Average, the world's most widely followed stock index. The closing price of each component in the index is determined daily after the markets' close, and the values are summed and compared with the value set on Dec. 31, 2003, then adjusted for stock splits and mergers. The index was set to a base value of 100 on Dec. 31, 2003. About D.A. Davidson & Co. Founded in 1935, D.A. Davidson & Co. is an independently owned, full-service investment firm with offices in 15 states. D.A. Davidson & Co. is owned by Davidson Companies, a regional financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. holding company based in Montana. Also part of Davidson Companies are Davidson Trust Co., a wealth management and trust operation; Davidson Investment Advisors, a professional money management firm; Davidson Fixed Income Management, a registered investment adviser providing fixed income services; and Davidson Travel, a full-service travel agency. Shares in the Davidson 99 Regional Stock Index cannot be bought or sold, and companies included in the index may or may not be covered by D.A. Davidson's research team. Information regarding the national indices referred above can be obtained at www.dadavidson.com or by contacting a local D.A. Davidson office. |
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