Davidson 99 Regional Index up 8.5% During the Fourth 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 rose 12.7 percent during 2006, lagging the performance of 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 the 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 year. Since its inception in January 2004, the Davidson 99 is up 45 percent. During 2006, the Dow Jones Industrial Average gained 16.3 percent, setting a new all-time record high during the last trading week of the year. The S&P 500 and NASDAQ Composite were up 13.6 percent and 9.5 percent, respectively. For the fourth quarter, the Davidson 99 Regional Index was up 8.5 percent, compared with a 6.7 percent gain for the Dow, a 6.2 percent rise for the S&P 500 and a 6.9 percent gain for the NASDAQ Composite. "The Davidson 99 Regional Index enjoyed a solid rebound during the fourth quarter. This allowed the index to close most of its performance gap with the major market indices seen at the end of the third quarter," 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. "The Davidson 99 index benefited from merger and acquisition announcements from index member companies during the year and from increased investor focus on companies that could potentially become takeover targets Takeover target A company that is the object of a takeover attempt, friendly or hostile. takeover target See target company. in the future," Dickson said. "Consistent strong performance from regional mineral and mining and technology stocks were primary performance drivers for the index during the fourth quarter." For the year, 32 stocks in the Davidson 99 gained more than 25 percent. They were led by Oregon Steel Mills Inc., up 112 percent; TeleTech Holdings Inc., up 98 percent, and Level 3 Communications
Level 3 Communications NASDAQ: LVLT is a communications and information services company headquartered in Broomfield, Colorado, USA. Inc., up 96 percent. The Davidson 99 stocks with the worst performance for the year were 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 62 percent, Pixelworks Inc., down 55 percent and Getty Images Inc., down 52 percent. 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 based in Montana, with offices in 16 states. D.A. Davidson & Co. is owned by Davidson Companies, one of the nation's leading 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 companies. Also part of Davidson Companies are Davidson Trust Co., a wealth management and trust firm; Davidson Investment Advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and , a professional money management firm; Davidson Fixed Income Management, a registered investment adviser providing money management and other 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. D.A. Davidson makes a market in Pixelworks Inc. |
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