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TUESDAY  AUGUST 7 2007 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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Standard & Poor's Announces Changes to U.S. Index
S&P 600
+GIFI - KTO Wed 8-8
+PDC - INTL date TBA
ICSC-UBS Store Sales
 [Bullet] 7:45 ET 
Productivity and Costs  [Yellow] 8:30 ET 
Redbook
 [Bullet] 8:55 ET 
FOMC Announcement
 [Star] 2:15 ET
5.25% 
Consumer Credit
 [Bullet] 3:00 ET
TOP FINANCIAL NEWS
MORTGAGE-MARKET TURMOIL IS starting to hit buyers of high-end homes, as interest rates surge on jumbo loans. Archstone's acquisition by Tishman Speyer and Lehman will be delayed.  10:29 p.m.WSJ
Share buybacks could slow in the months to come if credit-market troubles make it harder for companies to borrow. 
10:41 p.m.WSJ
US stocks rebound on credit hopes
BUSINESS NEWS
AMN Healthcare AHS Cuts Full-Year Outlook 
Companies moving in after hours trading in reaction to earnings
 Trading Up
 WYNN +10.4%; NAVR +9.9%; ASEI +9.3%; MNT +9.2%; NVTL +8.9%; XCO +8.5%; MR +8.3%; HIMX +5.9%; OMPI +5.3%; AUDC +4.7%; LOCM +4.2%; TNS +4.2%; BMC +4.1%; NILE +3.2%; CUTR +2.7%; WEL +2.5%; DECC +1.0%... 
Trading Down
AHS
-21.8%;TMTA -13.8%; ENCY -10.1%; CTRP -7.6%; HAYN -7.0%; JCOM -6.4%; RTEC -4.9%; NHI -4.8%; GPK -4.7%; SWC -4.7%; VRNM -4.6%; BEXP -4.4%; TAL -4.1%; SINA -3.4%; CNO -3.3%; THK -3.4%; ITWO -3.1%; CXW -2.6%; KRO -2.4%; PSD -2.2%; SRSL -1.9%; HLEX -1.7%; SYKE -1.4%; AXS -1.1%... 
Companies moving in reaction to news
Trading Up
 CRGN +40.0% (provides update on Velafermin, Belinostat and CR011-vcMMAE clinical development programs); SLM +1.3% (issues statement regarding merger; reaffirms that its merger can and should be consummated in October 2007); DRYS +1.1% (announces agreements to purchase 8 Drybulk Vessels)...  Trading Down
 KCAP -6.1% (reiterates that it has no mortgage debt exposure); DWA -2.9% (announces sale of shares by Paul Allen; increases size of existing share repurchase program to an aggregate $150mln); CMP -2.2% (subsidiary to increase sulfate of potash specialty fertilizer prices); RKT -1.8% (announces amendment to senior credit facility to increase limit on cash repurchases of the co's common stock to $100 mln during any FY); MET -1.5% (to acquire SafeGuard, provider of dental and vision benefits; terms not disclosed); AOC -1.3% (Appoints Michael D. O'Halleran Aon Re global executive chairman, Ted T. Devine Chief Executive Officer); SCHW -1.2% (reiterates that it has no mortgage debt exposure).

BARRON'S INSIDE SCOOP 6:01 p.m.

Best Buy Exec Sees a Good Buy 

Robert Willett, head of the electronics retailer's international operations, has just bought nearly half a million dollars in shares, even as they are close to a 52-week low.

• MONDAY'S MOVERS 6:21 p.m.

• CHARTING THE MARKET TODAY 5:00 p.m.

• INVESTORS' SOAPBOX PM 3:00 p.m.

• HOT RESEARCH PM 2:00 p.m.

 

Earnings
Before
 ACW, AES, ANR, BBG, BLTI, BXC, CTIC, CHD, CINF, CCOI, CYNO, DF, DK, DTPI, DTG, DHT, DUK, EP, ESLT, EMCI, EMS, EMR, ENG, EXPD, FE, GVHR, WOLF, HET, HSIC, HEW, HURN, ICON, IIVI, IDEV, IART, IPG, IFF, ISE, IPGP, KG, LINC, MMC, MLM, MVL, MMS, MCCC, MDH, MEND, MSA, MINI, TAP, MNTA, NNDS, NGPC, NOVN, OPTN, OFIX, VITA, GLT, PFGC, PQ, PCG, PNK, PNCL, PXD, PXP, PLA, PBH, SBSA, SPC, SHOO, SURW, TICC, THC, TSO, TRMP, TYC, UCO, USM, VICL, VTAL, WTI, WRNC, WMG, WCI, WXS, SAM, SNHY

After
 ADPT, MDRX, ALJ, ATO, ATW, CAR, BMRN, BIO, CEGE, CPHD, CRL, CSCO, COGO, CREE, CCRN, DCT, DEPO, DRRX, EGLE, EAGL, EQY, ESE, EXEL, FLR, FST, GOLF, GTRC, HRS, HSTX, HCN, HLYS, NSIT, JRT, KND, LEAP, LTRE, MVSN, MFB, MSSR, MDR, MRX, MBLX, NGA, ONXX, OPMR, PACR, PZZA, PSPT, PSEM, PCR, PLNR, POL, PCLN, QMAR, RENT, RMD, SALM, SCI, SGTL, SOMX, TWTC, TRLG, UPL, UNCA, UNTD, UTI, GB, WMS, WPTE, UBET, ZIPR

 

Events
Canaccord Adams 27th Annual Global Growth Conference
RBC Capital Markets North American Technology Conference

 

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THE WAR IN IRAQ

Cherney on the Markets
By S&P technical analyst Paul Cherney

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                        2007 U.S. Economic Events & Analysis

                  Economic Statistics 

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
Wednesday  Aug  8 
 
 

 
 

 
 
 
 

 
ICSC-UBS Store Sales
 [Bullet] 7:45 ET 

Productivity and Costs  [Yellow] 8:30 ET 

Redbook
 [Bullet] 8:55 ET 

4-Week Bill Auction
[Bullet] 1:00 ET 

FOMC Announcement
 [Star] 2:15 ET 

Consumer Credit
 [Bullet] 3:00 ET 

 
 
 
 

 
 
 
 

Weekly Bill Settlement

 
 
 
 

 
Import and Export Prices
 [Bullet] 8:30 ET 

RBC CASH Index
 [Bullet] 9:00 ET 

Treasury Budget
 [Bullet] 2:00 ET 

 
Equity Settlement
08 -09 -2007
Equity Settlement
08 -10 -2007
Equity Settlement
08 -13 -2007
Equity Settlement
08 -14 -2007
Equity Settlement

 

 

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the market

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BUSINESS WEEK MARKET ANALYSIS

 By Paul Cherney

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     8The Seattle Times (business)
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   10San Francisco Chronicle (business)