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Vol. in

Net

High Low Stock P/E

100s

Open High Low Close Change

66

42

XYZ14

1500

62

58

5934

+134

I OWN THAT COMPANY!

52 weeks

67

58

1

2

Reading from left to right, we see that the highest price that XYZ Corporation’s stock has reached in the past 52 weeks is $66, while it has been as low as $42 during that same period. Its P/E ratio (on a trailing basis) is 14, and 150,000 shares traded hands during the busi- ness day. XYZ’s stock price opened at $58.50, its high price of the day was $62, its low price was $58, and it closed at $59.75. The net change from the closing price on this day as compared with the pre- vious day’s trading was $1.75 (therefore, the previous day’s closing price must have been $58).

Also listed in the stock pages are the closing marks for the mar- ket indices, such as the Dow Jones averages, Standard & Poor’s 500 Stock Index, the NASDAQ, and the Russell 2000. There are four Dow Jones averages, which are: (1) 30 industrials, (2) 20 transporta- tions, (3) 15 utilities, and (4) a composite of the 65 stocks.

Some of the financial newspapers and magazines that carry stock information include The Wall Street Journal, Barron’s, Standard & Poor’s Outlook, Fortune, Business eek, The Economist, and Investor’s Business Daily. However, print isn’t the only medium which carries stock information and analyses. A few good places to find stock infor- mation also exist online. Yahoo! Finance (www.quote.yahoo.com), Dow Jones Market Monitor (www.dowjones.com), and Microsoft (www.msn.com) are also good places to look. Finally, if you are look- ing for extensive financial data for just one company, check out their annual report. These will be available in print, and sometimes online at the company’s corporate home page.

Many of my clients believe that a good source of information about the stocks they hold is a financial cable station. They think that since this station has different analysts on to talk about what stocks are good and bad, that they should turn there for their financial information. There are two schools of thought on this. First of all, I believe that they do a good job of presenting financial information

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