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S&P Equity Research Forecasts 10% Total Return for the S&P 500 in 2007
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Harrah's HET accepts $90 private equity bid
Ericsson to buy Redback Networks  RBAK for
$25
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HYDL
+8.8% (Q4 2006 earnings to exceed expectations; co sees Q4 EPS to be approximately or exceed $1.05 vs $0.88 consensus); RBAK +8.6% (to be acquired by Ericsson for $2.1 bln or $25 per Redback share); DVSA +7.7% (announces FDA GRAS approval of its Purifine Enzyme); MXIM 2.7% (founder John F. Gifford retires as Chairman and CEO for health reasons; Will Remain with Maxim as strategic advisor); GILD +1.3% (announces preliminary results from Phase III study of Aztreonam Lysine; co says it met its primary efficacy endpoint)...  Trading Down
NFLD
-50.7% (reports preliminary top-line data in pivotal Phase III trauma study); PANC -34.3% (The bevirimat plasma concentrations were lower than anticipated).

WEEKDAY TRADER 8:23 p.m.

Armed with a music-playing phone, Apple could make more gains in 2007. But TV on phones and Google directions to the local pizza shop should also keep things interesting.

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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  Dec  18 
 
 
 
 

 
 
 
 

 
 
 
 

 


 
 
 
 

Weekly Bill Settlement

 
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 [Bullet] 8:30 ET 

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 [Star] 8:30 ET 

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 [Bullet] 10:00 ET 

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 [Bullet] 10:30 ET 

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[Bullet] 11:00 ET 

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[Bullet] 11:00 ET 

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[Bullet] 11:00 ET 

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 [Bullet] 12:00 ET 

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[Bullet] 4:30 ET 

 
 
 
 

Bond Market Assoc. recommended early close 2:00 ET

 
Equity Settlement
12 -21 -2006
Equity Settlement
12 -22 -2006
Equity Settlement
12 -26 -2006
Equity Settlement
12 -27 -2006
Equity Settlement
12 -28 -2006

 

 

 

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 By Paul Cherney

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     7Houston Chronicle (business)
     8The Seattle Times (business)
     9Chicago Tribune (business)
   10San Francisco Chronicle (business)