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THURSDAY JANUARY 5 2006 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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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
[Bullet] 6:00 ET 
Challenger Job-Cut Report
[Bullet] 7:30 ET 
Jobless Claims
[Consensus] 
[Bullet] 8:30 ET 
291K vs 325K Consensus
ISM Non-Mfg Survey
[Report] 
[Bullet] 10:00 ET 
ISM Index 59.8 vs 59.0 consensus
Pending Home Sales Index
[Bullet] 10:00 ET 
EIA Petroleum Status Report
[Bullet] 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
[Bullet] 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.

• INSIDE SCOOP 8:25 p.m.

• CHARTING THE MARKET TODAY 4:59 p.m.

• INVESTORS' SOAPBOX PM 3:00 p.m.

Cherney on the Markets
By S&P technical analyst Paul Cherney

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                       2006 U.S. Economic Events & Analysis

                  Economic Statistics 

ESBR Employment Income International Money Output Prices Production Transportation SSBR
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Monday  Jan  2 
 
 
 

USA Holiday: New Year's Day

All Markets Closed

 
 
 
 

 
 

 
Construction Spending
[Report] 
[Bullet] 10:00 ET 

ISM Mfg Index
[Consensus]
 [Star] 10:00 ET 

4-Week Bill Announcement
[Bullet] 11:00 ET 

3-Month Bill Auction
[Bullet] 1:00 ET 

6-Month Bill Auction
[Bullet] 1:00 ET 

FOMC Minutes
[Bullet] 2:00 ET 

Motor Vehicle Sales
[Report] 
[Bullet] 4:00 ET 

 
 
 
 

 


 
MBA Purchase Applications
[Bullet] 7:00 ET 

ICSC-UBS Store Sales
[Bullet] 7:45 ET 

Redbook
[Bullet] 8:55 ET 

Factory Orders
[Consensus] 
[Bullet] 10:00 ET 

4-Week Bill Auction
[Bullet] 1:00 ET 

 
 
 
 

Weekly Bill Settlement

 
 
 
 

 
Employment Situation
[Consensus]
 [Star] 8:30 ET 

EIA Natural Gas Report
[Bullet] 10:30 ET 

Treasury STRIPS
[Bullet] 3:00 ET 

 
 
 
Equity Settlement
01 -06 -2006
Equity Settlement
01 -09 -2006
Equity Settlement
01 -10 -2006
Equity Settlement
01 -11 -2006

 

the market

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BUSINESS WEEK MARKET ANALYSIS

 By Paul Cherney

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Top Ten Online Business Newspapers

     1. The New York Times
     2. USA Today (money)
     3. The Washington Post (business)
     4. Los Angels Times (business)
     5The Boston Globe (business)
     6Financial Times
     7Houston Chronicle (business)
     8The Seattle Times (business)
     9Chicago Tribune (business)
   10San Francisco Chronicle (business)