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US
stocks futures indicate flat open, retail in focus
Oil
holds above $63, investors eye US stockpiles
Stocks For Thursday
Monster Employment Index
6:00 ET
Challenger Job-Cut Report
7:30 ET
Jobless Claims
8:30 ET
291K vs 325K Consensus
ISM Non-Mfg Survey
10:00 ET
ISM Index 59.8 vs 59.0 consensus
Pending Home Sales Index
10:00 ET
EIA Petroleum Status Report
10:30 ET
|
EIA reports that crude oil inventories fell 1.01
mln barrels (consensus was a fall of 1.25 mln barrels);
gasoline inventories rose 1.41 mln barrels (consensus was a rise
of 400K barrels); distillate inventories rose 2.11 mln barrels
(consensus was a rise of 300K barrels). |
Chain Store Sales
12:00 ET
TOP FINANCIAL NEWS
SEC rethinks policy on corporate fraud fines
The
Distortion of the Yield Curve is Due to China's Peg of the Dollar to the
Yuan
Israel's Sharon Suffers Major Stroke
BUSINESS
NEWS
BLACKSTONE
AND H-P ARE
exploring a possible buyout of Computer Sciences. CSC
hopes to attract an offer of $65 a
share, or $12 billion. Separately, a group including Blackstone could
unveil a deal for Affiliated Computer Services soon. WSJ
Gates to unveil new range of media players
Trading Up
NVEC +11.3% (co entered into a two year Supplier
Partnering Agreement with Pacesetter); AEOS +7.9% (reported Dec
same store sales +9.8%); SWIR +7.4% (co increased Q4 revenue
expectations); WRSP +6.2% (FCC authorizes WRSP subsidiary to
launch AfriStar-2 satellit); XLNX
+5.9% (raised December quarter sales guidance); ARO +5.4% (Dec
comps increased 11.4%); RESC +4.2% (reported OctQ results);
PSDV +4.2% (announced several new pharma drug delivery evaluation
agreements for US subsidiary); MW +4.1% (raised guidance;
reported comps of +8.1%); ZUMZ +3.2% (raised FY '05 guidance,
announced same-store sales); ALTR
+3.1% (reaction to XLNX's guidance)...
Trading up in reaction to Turkey's Bird Flu announcement:
GNBT +4.8%, NVAX +3.8%, BCRX 2.8%...
Mentioned on Mad Money
CCC +8.0%, ADES +7.8%, PWEI +7.8%, PLL
+2.6%, GILD +2.1%...
Trading Down
KRON -12.7% (guided below Q1 EPS and revs consensus);
NWK -7.4% (guided Q3 below expectations); HOTT -7.1%
(reported Dec comps, cut Q4 guidance); ESLT -3.5% (subsidairy to
report Q4 loss); CTRN -1.4% (reported Dec comps increased 21.4%);
IIVI -3.3% (lowered Q2 guidance).
• WEEKDAY TRADER
6:21 p.m.
Has Big Pharma Taken Happy Pills?
by Johanna
Bennett
Investors have hated drug stocks --
and with good reason. But stronger pipelines, improved
profit growth and compelling valuations may make shares
of some pharmaceutical giants attractive again.
• CHARTING THE MARKET TODAY
4:59 p.m.
• INVESTORS' SOAPBOX PM
3:00 p.m.
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Cherney on the Markets
By S&P technical analyst Paul
Cherney
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