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Standard
& Poor's Announces Changes to U.S. Indices
S&P 600 + VTIV - SRNA Thur Mar 9
S&P REIT + BMR - CNT Wed
Mar 8 ?
Stocks For Tuesday
TXN BIIB ELN MYOG GSK NVS XLNX
ICSC-UBS Store Sales
7:45 ET
Productivity and Costs
8:30 ET
|Productivity-rev -0.5% vs -0.1% consensus
Unit labor costs 3.0%
Redbook
8:55 ET
Bank of Canada Announcement
9:00 ET
Consumer Credit
3:00 ET
$5.0Bln
TOP FINANCIAL NEWS
Fourth-quarter
productivity revised to -0.5 pct
US Stocks Slide for Third Day, Year's Longest Losing Streak
BUSINESS
NEWS
Public
Storage to buy Shurgard in $3.2 bln deal
THE DOW INDUSTRIALS FELL 63 points to 10958.59 after the
10-year Treasury yield hit its highest level since June 2004.
Trading Up
MMUS +13.1% (LaunchEquity Partners files SC 13D disclosing 10.2%
stake); OPTC +10.3% (reported Q4); PSPT +5.6% (beat by
$0.05, guided for Q1); NGPS +4.5% (beat by $0.16, revs in-line);
VTIV +3.2% (added to the S&P smallcap 600); CVC +3.1%
(announced $3 bln special dividend); NAVR +2.8% (announced
exclusive distribution agreement with Bold Games); RIO +1.3%
(reported Y05); AMSWA +1.2% (reported Q3 EPS); MCHP +1.1%
(raised revenue and EPS guidance for Q4) Mentioned on Mad Money:
NHWK +7.6%, ATHR +5.1%, THS +2.7%...
Trading Down
MYOG -10.8% (reported Y05; GSK and Co announced pulmonary
arterial hypertension partnership); OVEN -7.5% (reportsd Q4
earnings); CMGI -7.2% (reported Q3 EPS); LGTY -4.0%
(reported JanQ sales up 41%); TXN
-2.9% (guided Q1 EPS and revs in line with consensus); RMTR -2.5%
(revised Q4 results; Customer files bankruptcy leading to provision for
bad debt ); DCGN -2.4% (reported Q4 results below consensus);
ALTR -2.3% (announced mid-qtr update; reaffirmed Q1 sales growth of
4-7% sequentially, announced CFO retirement)
CEO Puts Down Stakes in Home Builder WCI
by Fei
Mei Chan
Amid fears of a slowdown in
housing, the luxury home builder's shares have been
pummeled, but the CEO's $2 million open-market purchase
may indicate that the pessimism is overblown.
• GETTING TECHNICAL
4:39 p.m.
• MONDAY'S MOVERS
6:23 p.m.
• CHARTING THE MARKET TODAY
5:18 p.m.
• INVESTORS' SOAPBOX PM
2:57 p.m.
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