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EQUITY LETTER

THURSDAY SEPTEMBER 27 2007 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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Standard & Poor's Announces Changes to U.S. Indices
S&P 400 +DRE - AGE  Fri 9-28
S&P 600 +CPO - BWLD Mon 10-1
S&P 400 +GYI - GBBK  date TBA
S&P 600 +SWSI - NWRE Fri 9-28
S&P 600 SAM - PYX Fri 9 28
S&P REIT +CSA - RPB date TBA
Corporate Profits
 [Bullet] 8:30 ET 
GDP
[Consensus]
 [Star] 8:30 ET 
REAL 3.8%  PRICE INDEX 2.7%
Jobless Claims
[Consensus]
 [Bullet] 8:30 ET 
298K vs 320K CONS.
Help Wanted Index
 [Bullet] 10:00 ET 
24
New Home Sales
[Report]
 [Bullet] 10:00 ET 
795K vs 825K consensus
EIA Natural Gas Report
 [Bullet] 10:30 ET
TOP FINANCIAL NEWS
Another New Low for Dollar
BUSINESS NEWS
Companies moving in after hours trading in reaction to earnings
Trading Up
 BBBY +2.5%... 
Trading Down
XRTX
-5.6%; PAYX -2.7%... 
Trading Up
 SIGA +12.2% (ST-246 completely prevents mortality in Symptomatic Orthopox Virus infected primates); GSIG +8.4% (raises Q3 guidance); SLM +5.5% (Flowers Group open to renegotiating Sallie Mae deal, according to source -- DJ); SWSI +5.0% (Superior Well Services will replace Neoware in the S&P SmallCap 600); GYI +3.4% (Getty Images will replace Greater Bay Bancorp in the S&P MidCap 400); DRE +2.7% (S&P REIT Composite constituent Duke Realty will replace AG Edwards in the S&P MidCap 400); CPO +2.6% (Corn Products International will replace Catalina Marketing in the S&P MidCap 400); GLS +1.9% (signs agreement to acquire eight narrow-body aircraft); AVAV +1.9% (reaffirms FY08 revs guidance, below consensus; Co also awarded contract valued at ~$57 mln); WOR +1.7% (Announces 10 mln share repurchase authorization); ISTA +1.3% (expands its pipeline in allergy treatments; acquires exclusive N. American rights to bepotastine for nasal allergy); TEC +1.1% (announces sale of a portion of its Piceance Basin Asset for $33 mln in cash plus DJ Basin production and acreage); SAM +1.0% (Beer will replace Playtex Products in the S&P SmallCap 600).

Earnings

Before: CHTT< CRAI, KBH, MKC, RAD, TXI, MTN

After: CAN, CBK, CTAS, COGN, CREL, ESIO, FINL, GPN, HMX, JBL, PLL, TIBX

Events

ACT Industry Day

Deutsche Bank Global Oil & Gas Conf.

JPMorgan Australasian Investment Conf.

N.Y. Society of Security Analysts Investing in Brazil Conf.

Bear Stearns US Rates London Conf.

Credit Suisse Swiss Equities Conf.

BMO Capital Markets Alberta Power Market Luncheon

Standard & Poors Toll Road Roundtable

JPMorgan West Coast International 1 on 1 Conf

 

The World's Billionaires

THE WAR IN IRAQ

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By S&P technical analyst Paul Cherney

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 ECONOMIC CALENDAR

                        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
Monday  Sep  24 
 
 

 
 

 
 
 

 
 

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

Redbook
 [Bullet] 8:55 ET 

Consumer Confidence
[Report]
 [Bullet] 10:00 ET 

Existing Home Sales
[Report]
 [Bullet] 10:00 ET 

4-Week Bill Auction
[Bullet] 1:00 ET 

 
 
 

 
 

 


 
 
 

Weekly Bill Settlement

 
Corporate Profits
 [Bullet] 8:30 ET 

GDP
[Consensus]
 [Star] 8:30 ET 

Jobless Claims
[Consensus]
 [Bullet] 8:30 ET 

Help Wanted Index
 [Bullet] 10:00 ET 

New Home Sales
[Report]
 [Bullet] 10:00 ET 

EIA Natural Gas Report
 [Bullet] 10:30 ET 

3-Month Bill Announcement
[Bullet] 11:00 ET 

6-Month Bill Announcement
[Bullet] 11:00 ET 

5-Year Note Auction
[Bullet] 1:00 ET 

Farm Prices
 [Bullet] 3:00 ET 

Money Supply
 [Bullet] 4:30 ET 

 
 

 
 

 
Personal Income and Outlays
[Consensus]
 [Star] 8:30 ET 

NAPM-Chicago
[Report]
 [Bullet] 9:45 ET 

Construction Spending
[Report]
 [Bullet] 10:00 ET 

Consumer Sentiment
[Report]
 [Bullet] 10:00 ET 

 
Equity Settlement
09 -27 -2007
Equity Settlement
09 -28 -2007
Equity Settlement
10 -01 -2007
Equity Settlement
10 -02 -2007
Equity Settlement
10 -03 -2007

 

 

ESBR Employment Income International Money Output Prices Production Transportation SSBR
 
 

the market

MARKET UPDATES

Advanced Sectors Sectoring by Industry Group

BUSINESS WEEK MARKET ANALYSIS

 By Paul Cherney

 Economic Indicators

Top Ten Online Business Newspapers

     1. The New York Times
     2. USA Today (money)
     3. The Washington Post (business)
     4. Los Angels Times (business)
     5The Boston Globe (business)
     6Financial Times
     7Houston Chronicle (business)
     8The Seattle Times (business)
     9Chicago Tribune (business)
   10San Francisco Chronicle (business)