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WEDNESDAY  JULY 18 2007 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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MBA Purchase Applications
 [Bullet] 7:00 ET 
Consumer Price Index
[Consensus]
 [Star] 8:30 ET 
CPI 0.1% Less food & energy 0.2%
Housing Starts
[Consensus]
 [Star] 8:30 ET 
1.450M
EIA Petroleum Status Report
 [Bullet] 10:30 ET 
TOP FINANCIAL NEWS
Dollar Slumps to Record Low Versus Euro -- Again
Bear Stearns said two hedge funds it runs are now worth nearly nothing, as the downturn in bonds tied to subprime mortgages gets deeper and goes global.WSJ
LA port talks to resume Wednesday
BUSINESS NEWS
Intel profit margin woes overshadow earnings rise
Yahoo posts lower profit, gives weak 2007 forecast
COMS +5.7% (3Com draws buyout interest - WSJ's Deal Journal);
Companies moving in after hours trading in reaction to earnings
Trading Up
CPSS
+9.7%; CHB +4.9%; RLI +3.9%; USNA +2.0; CCK +1.7%; CSX +1.0%... 
Trading Down
 AMB -13.6%; PPDI -10.7%; CAMP -8.4%; INTC -4.8%; YHOO -4.1%; CHIP -1.2%... 
Companies moving in reaction to news
Trading Up
 COMS +5.7% (3Com draws buyout interest - WSJ's Deal Journal); EGHT +3.0% (WSJ says 8x8 in talks to take over Sunrocket phone subscribers); RTIX +2.2% (added to Russell 2000 Index); WMG +1.8% (confirms that it has decided not to make an offer for EMI); TTPY +1.1% (announced 21st Century Oncology to acquire six TomoTherapy Hi-Art treatment systems); VQ +1.1% (announces exercise of over-allotment option); TBBK +1.1% (agrees to acquire BankFirst's Stored Value Card business; co sees as accretive to EPS in Q1 of 2008)...  Trading Down
 TQNT -7.3% (sees Q2 revs of $113 to $114 mln vs $111.11 mln consensus, in line with previous guidance, sees EPS of $0.02-0.03 vs $0.06 consensus); BSC -3.8% (Two Bear Funds nearly worthless Investors told—WSJ); EP -2.8% (in their 8-K, says SEC staff made preliminary decision to recommend the SEC institute an enforcement action against the co); MSFT -1.2% (says Peter Moore resigns); PHHM -2.5% (announced 21st Century Oncology to acquire six TomoTherapy Hi-Art treatment systems); WFMI -1.4% (Board of Directors begins independent internal investigation).

Earnings
Before
 AOS, ABT, AMFI, APH, ASML, BLK, CIT, CMA, GCI, GLYT, HST, JAKK, JPM, NITE, KLIC, LUFK, MI, NTBK, NTRS, PFE, PJC, RLI, SIFY, SLGN, SOLF, LUV, STJ, UTX, WFC, AMR
After:
 ADS, ALL, DOX, ATR, CTHR, CTAS, CNW, CBST, DST, EBAY, GKK, ICUI, RX, ISIL, JNPR, KMP, KNX, KNL, LRW, LOGI, MOGN, MGI, NE, NVEC, PKG, RLRN, RUSHA, SSW, SWKS, SOV, TER, VLY, WM, WERN, WIT,

            Events

       Intertech Future of Ink on Packaging Conference

 

BARRON'S WEEKDAY TRADER 6:53 p.m.

Shares of the world's largest power-tool company have enjoyed a strong run over the past year. But with a worse-than-expected housing market putting pressure on sales, it might be best to stay away from this stock.

• INSIDE SCOOP 6:00 p.m.

• CHARTING THE MARKET TODAY 5:17 p.m.

• INVESTORS' SOAPBOX PM 3:00 p.m.

• HOT RESEARCH PM 4:00 p.m.

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07 -25 -2007

 

 

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