With the Dow Jones industrial average advancing more than 100 points during each of the past two weeks, San Diego stocks had no place to go but up, according to Irving Katz, director of research for Thomas Green/San Diego Securities.
There seems to be no doubt that a year-end rally has begun, but "the question is how long it will continue," according to Katz.
The star of the week was WD-40, which gained 5 1/2 to 29 as it announced first-quarter earnings of 48 cents per share versus 44 cents per share in the previous first quarter. First-quarter sales increased to $18.1 million from $16.5 million.
WD-40 also announced an increase in the quarterly dividend to 35 cents per share from 33 cents per share.
Another good mover was Price Co., which in two weeks has moved from its low of 23 1/2 two weeks ago to close with a gain this week of 3 3/4 to 32 3/4.
