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Stocks For Wednesday, Sept. 20
ORCL CC MS BMET BBBY
MBA Purchase Applications
7:00 ET
EIA Petroleum Status Report
10:30 ET
FOMC Announcement
2:15 ET
Fed funds 5.25%
Odds just over 90 percent -- based on the fed funds futures -- that
there will be no change in interest
TOP FINANCIAL NEWS
Oil Prices Settle Near Six-Month-Low
Amaranth investors try to sell stakes at big discount
BUSINESS
NEWS
Oracle's resurgence boosts shares 9%
Spinach scandal envelopes Chiquita
EXR Extra Space Storage announces launch of public offering
of common stock
Trading Up
ORCL +13.3% (beats by $0.02 );
WPSC +11.1% (confirms it is going forward with CSN arrangement);
SYNM +7.4% (DoD completes successful B-52 test flight using co's
Fischer-Tropsch Fuel); CBK +4.1% (beats by a penny; guides
slightly above consensus); GNTA +3.6% (announces common stock
offering of approximately $16 mln); DRI +3.5% (beats by a penny;
guides revs in line; CFO to retire); CHAP +1.9% (beats by $0.19);
CKR +1.0% (beats by a penny); MNST +1.8% (Provides Update
on Stock Option Grant Practices)...
Trading Down
SCMR -5.3% (provides update on stock option investigation and
announces intention to restate financial statements for prior fiscal
periods); AGIL -5.1% (provides business and disclosure update;
update includes preliminary financial results for Q1 and guidance for
Q2); DRRA -3.0% (receives Nasdaq notification); CBEY -2.2%
(announces filing of registration statement for a 4.11 mln secondary
offering of common stock); THLD -1.5% (announces that Dr. Alan
Colowick has resigned as chief medical officer).
Marsh & McLennan has begun soliciting offers for Putnam, though
a sale of the money-management unit is far from certain.
Shares of oil services-and-drilling
companies such as Weatherford International and
Transcocean can perform well even if crude-oil prices
fall a bit further.
• CHARTING THE MARKET TODAY
5:06 p.m.
• ELECTRONIC Q&A
3:25 p.m.
• INVESTORS' SOAPBOX PM
3:16 p.m.
• HOT RESEARCH PM
1:33 p.m.
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The World's Billionaires
Cherney on the Markets
By S&P technical analyst Paul
Cherney
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