June 19 2005 Edition of the Ant Sons Sunday Night Newsletter



June 22, 2005 -- Happy Father's Day to all of our members. We look forward to continue guiding you down the roadmap of investing.

It was a relatively choppy expiration Friday, despite an initial gap up on the opening bell. Market breadth was positive as advancing stocks outpaced declining stocks about 1.2 to1. New highs exceeded new lows (8.8 to 1) and up volume were greater than down volume about 1.7 to 1. The leading sectors included the Energy, Homebuilders, REITs and Utilities. The laggards of the market on Friday were Airlines and Disk Drives.

Market Commentary
Stocks capped a week of gains with yet another advance Friday as investors, setting aside a record high price for oil, focused instead on a surge in consumer confidence. The major indexes all closed the week higher. Wall Street shrugged as crude oil futures hit an all-time high of $58.60 per barrel, before settling at $58.47, up $1.89, on the New York Mercantile Exchange. An increase in demand and worries about global refining capacity drew heightened speculation in the oil market.

"Companies can make money, and plenty of it, with oil at these levels," said Scott Wren, senior equity strategist at A.G. Edwards & Sons. "We've had oil near these levels for nearly two quarters and companies have continued to knock the ball out of the park, beating consensus earnings estimates."

To read the rest, and to check the latest updates, log on to
http://www.antandsons.com/thesundaynightnewsletter.





June 19 2005 Edition of the Ant Sons Sunday Night Newsletter