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Standard
& Poor's Announces Change to U.S. Index
S&P 400 +EAC - MCDTA date TBA
MBA Purchase Applications
7:00 ET
EIA Petroleum Status Report
10:30 ET
TOP FINANCIAL NEWS
Oil Trades Near $55 After Rising on U.S. Plan to Boost Reserves
BUSINESS
NEWS
AMD Reports 4Q Loss on Acquisition Costs
Sun Microsystems turns profit after 5 qtrs in red
Yahoo's 4Q Profit Tops Analyst Views
News Corp joins Chandlers' bid for Tribune
Trading Up
CTXS +9.5%;
SUNW +8.1%; HYSL +8.2%; EZPW
+7.5%; RFMD +6.8%; YHOO +5.6%; STX +3.9%; IDTI
+3.1%; CNI +1.4%...
Trading Down
SUPX -10.1%; PVSN -8.7%; HOKU -5.5%; LOOK
-5.1%; QLGC -5.1%; AMD -4.8%; PTV -3.5%; STLD
-2.6%; CGNX -1.2%; CTX -1.1%...
Companies moving in reaction to news
Trading Up
DMGI +29.6% (discloses agreement with Apple); PWR +7.5%
(raises Q4 EPS and revs guidance above consensus); AIH +6.4%
(announces receipt of going private proposal at $7.50 per share);
SYNX +6.0% (wins $350K award to supply communication equipment to NY
City); EAC +4.3% (will replace McDATA in the S&P MidCap 400
index); NATL +3.4% (guides Q4 and Y06 above consensus); ATEC
+3.2% (signs three license agreements with Scient'x to manufacture and
distribute suite of spinal surgery implants in US); TDG +3.0%
(sees Q1 EPS above consensus; guides Q1 revs (no consensus); raises FY07
revs; guides EPS); IPAR +1.0% (reports record Q4 sales and raises
2006 earnings guidance)...
Trading Down
TNS -3.6% (rejects acquisition proposal as "inadequate",
reaffirms FY06 rev and EPS, guides FY07 rev and EPS); MAMA -2.2%
(Martin Bouchard appointed President & CEO of Mamma.com; Guy Faure
resigns as President, CEO and a Director); GSTL -1.9% (files for
a $500 mln mixed shelf offering); BRCD -1.1% (announces that the
Federal Trade Commission Clears Brocade Acquisition of McDATA).
Leggett & Platt Stock Has Legs
Shares of the diversified
manufacturer have suffered along with the home and
automotive sectors. But a recently completed
restructuring program may give the reasonably valued
stock something to stand on.
• CHARTING THE MARKET TODAY
5:14 p.m.
• ELECTRONIC Q&A
5:17 p.m.
• INVESTORS' SOAPBOX PM
2:59 p.m.
• HOT RESEARCH PM
2:00 p.m.
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The World's Billionaires
Cherney on the Markets
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Cherney
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