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EARLY CLOSE
Standard
& Poor's Announces Changes to U.S. Indices
S&P 500 + ACAS - DG Date TBA
S&P 400 + BBG - LAUR Date TBA
ICSC-UBS Store Sales
7:45 ET
Redbook
8:55 ET
Factory Orders
10:00 ET
Pending Home Sales Index
10:00 ET
TOP FINANCIAL NEWS
Bush spares Libby from prison
Dollar Drops
to 26-Year Low Vs. Pound
BUSINESS
NEWS
BCE takeover battle may not be over yet
Archer May Find Takeover Targets In Ethanol Glut
MIPS
Technologies Files Annual Report, Quarterly Reports and Proxy Statement
Companies moving in after hours trading in reaction to earnings
Trading Down
UAPH -1.2%
Companies moving in reaction to news
Trading Up
LXRX +9.4% (Develops antibodies that lower
triglycerides and cholesterol as potential new therapy for heart
disease); ISIG +6.9% (and Valassis expand strategic alliance to
include retail distribution recruitment; extend agreement for ten
years); ACAS +4.1% (will replace Dollar General (DG) in the S&P
500); LOCM +3.7% (Forbes article discusses patent news, analyst
comments on potential takeover); DIO +3.7% (announced Judge
grants Diomed permanent injunction in '777 patent case); RNO
+2.9% (recommends acceptance of amended offer from Lundin Mining);
BBG +2.7% (will replace Laureate Education (LAUR) in the S&P MidCap
400); FRPT +1.9% (US Army eyes seven-fold armored vehicle jump --
Reuters); NPLA +1.1% (appoints Steven Hanson CEO, previous CEO
and CFO Bob Brilon resigns)...
Trading Down
MOVI -55.6% (begins discussions with senior lenders after
failing certain covenants under credit facility); QFAB -28.6%
(reports on business developments); NLST
-27.8% (guides Q2 below consensus); DTLK -15.7% (lowers guidance
below consensus for Q2; has seen slow down in IT and storage spending
with large customers); ANEN -3.8% (appoints Steven Hanson CEO,
previous CEO and CFO Bob Brilon resigns); AGM -1.9% (reports officers'
amendments to 10b5-1 trading plans); IMAX -1.4% (announces Nasdaq
panel grants IMAX's application for continued listing); VASC
-1.4% (comments on injunction ruling in Diomed patent litigation and
increasing sales of New Bright Tip Fiber).
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BARRON'S INSIDE SCOOP 5:59
p.m.
Fund Sports Hefty Stake in Under Armour
Lone Pine Capital has disclosed a 7.8% stake in the
maker of performance apparel and accessories, becoming
Under Armour's second-largest institutional holder.
• MONDAY'S MOVERS 6:08 p.m.
• CHARTING THE MARKET TODAY
5:00 p.m.
• INVESTORS' SOAPBOX PM 3:01
p.m.
• HOT RESEARCH PM 2:02 p.m.
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THE
WAR IN IRAQ
Cherney on the Markets
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Cherney
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