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Standard
& Poor's Announces Changes to U.S. Indices
S&P 500 + SEwi - PMTC Fri Dec 29
S&P 400 +PMTC - PIR Fri Dec 29
S&P 600 + MOV - CNCT tba
Corporate Profits
8:30 ET
GDP
8:30 ET
Real GDP 2.0% GDP price index 1.9%
Jobless Claims
8:30 ET
315K
Leading Indicators
10:00 ET
Leading Indicators +0.1% vs +0.1% consensus
EIA Natural Gas Report
10:30 ET
Philadelphia Fed Survey
12:00 ET
Philadelphia Fed -4.3 vs 4.0 consensus
TOP FINANCIAL NEWS
Bush Signs Law Changing Postal Operation
BUSINESS
NEWS
Huntington HBAN to Acquire Sky Financial
SKYF
Nike 2Q Profit Up 8 Pct. on Sales Gains
Hedge fund Highland intends to present a $4.7 billion
capitalization plan to Delphi's board, countering a rival proposal from
an Appaloosa-Cerberus groupWSJ
Trading Up
APOG +5.5%; MLHR +3.0%;
ACN +2.2%; PAYX +2.1%; FINL +1.6%; HEI
+1.5%...
Trading Down
IAAC -25.8%; RFMI -10.2%; BBBY -2.8%; NKE
-1.4%...
Companies moving in reaction to news:
Trading Up
SYNX +42.3% (announces new transit contract); ABMD +9.7%
(Announces FDA 510(k) Clearance for New Intra-Aortic Balloon and
Development of Integrated Console, the iPulse, for the Balloon, BVS
5000); DEPO +8.3% (announces sweeping interim victory in
litigation against Ivax); BLDP +2.0% (announces sale of E-Drive
operations to Siemens VDO)...
Trading Down
JBL -4.4% (reports Q1 revs in-line with guidance; sees Q2 revs
below consensus; sees 20% revs growth for FY07); PMCS -3.5%
(lowers Q4 rev guidance below consensus); CRGI -3.1% (Shareholder
Vote Reverse Stock Split, Divestiture, Acquisition); FICC -1.9%
(Announces Amendments to Repurchase Facilities, Consolidation of
Operations Centers); BANR -1.3% (files $100 mln mixed securities
shelf offering).
Health-care stocks have sharply
lagged the broader market this year. But expect better
results next year from stocks in several beaten-down
sectors such as managed care and biotech.
• CHARTING THE MARKET TODAY
4:58 p.m.
• INVESTORS' SOAPBOX PM
3:01 p.m.
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