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WEDNESDAY  OCTOBER 31 2007 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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MBA Purchase Applications
 [Bullet] 7:00 ET 
ADP Employment Report
 [Bullet] 8:15 ET 
Employment Cost Index
 [Bullet] 8:30 ET
ECI 0.9% 
GDP
 [Star] 8:30 ET 
3.2%
NAPM-Chicago
 [Bullet] 9:45 ET 
53.5
Construction Spending
 [Bullet] 10:00 ET 
0.5%
EIA Petroleum Status Report
 [Bullet] 10:30 ET 
FOMC Announcement
 [Star] 2:15 ET

TOP FINANCIAL NEWS
A prospective rate cut is causing trouble for the weakening dollar and could spur investments in other currencies. 
10:05 p.m.WSJ
Data add to gloom on US economy
S&P earnings head south

BUSINESS NEWS
Cerberus withdrew its $6.2 billion offer for Affiliated Computer Services ACS, citing poor conditions in the debt markets. 
7:49 p.m.WSJ
Dell reports restated earnings
Glass Lewis Recommends Stockholders Vote 'FOR' XM and SIRIUS Merger Proposal

Nalco NLC Sales Grow 9 Percent in Quarter.
Companies moving in after hours trading in reaction to earnings
Trading Up
NMSS
+22.6%; SIRF +18.9%; HA +13.9%; SVLF +10.9%; PSEM +10.5%; CLRT +9.3%; HS +8.6%; IVGN +7.1%; EQIX +7.1%; CVLT +6.7%; SPRT +5.5%; VARI +4.5%; GIGA +4.4%; CSCX +4.3%; CMG +4.0%; MCK +3.3%; NANO +3.2%; FIC +2.9%; MASI +2.4%; PKOH +2.3%; CYH +2.0%; WBSN +2.0%; UDRL +1.6%; ANDW +1.5%; CHIP +1.0%; GHDX +1.0%; EQR +1.0%... 
Trading Down
 SMTK -18.8%; BWLD -13.4%; FEIC -12.8%; ACTS -12.7%; BBND -12.2%; SUMT -12.1%; OMTR -12.0%; NEWP -12.0%; SFLY -10.7%; CTV -8.1%; DWA -7.8%; LFG -7.6%; MOSY -7.5%; WTS -7.2%; NAL -6.3%; USLM -5.7%; LNET -5.5%; WYNN -4.5%; OSUR -4.3%; MXWL -4.0%; FLML -3.7%; PACR -3.6%; RNWK -3.1%; CHE -2.9%; ATML -2.4%; LXRX -2.3%; CCI -2.1%; JFRC -1.9%; STAA -1.4%; TZIX -1.0%... 
Trading Up
 WEX +7.1% (announces planned resignation of CEO); DELL +2.3% (files past due reports, including restated results from fiscal 2003 through 2007); USEG +1.7% (Ticaboo Townsite sold to Uranium One); EICU +1.3% (patent re-examination certificate issued and new patent granted); VNDA +1.2% (VSF-173 excessive sleepiness Phase II clinical trial suggests wake-promoting properties); UPS +1.0% (approves an increase in its share repurchase program, authorizing repurchase of up to $2.0 billion in common stock)... 
Trading Down
 FMT -4.9% (Fremont General and Gerald J. Ford cease discussions); MEAD -4.7% (engages Robert W. Baird & Co. for review of strategic alternatives); ATML -2.4% (announces planned retirement of CFO

 

Earnings

Before: ALU, ANR, ALVR, AUXL, AVA, BRY, BLT, BYD, BCO, BPO, CCJ, CRS, CKP, CLX, CEG, DADE, DHX, DSPG, FCL, FTD, GRMN, GIL, GBX, HES, HURN, ICON, IDA, IACI, IDCC, IFF, IRM, JNY, KNDL, KFT, ID, LAZ, LOJN, MAC, MAG, MKTX, MA, MCGC, MNC, NCR, NEM, NHWK, NTMD, NOVA, OCR, OSCI, PMTC, PPL, PEG, RHB, COL, ROC, SGR, SPIL, SBGI, SPNC, SPW, SSYS, SYNM, PNX, THOR, RIG, TRX, UMC, VC, WY, WSX, WYN, ZGEN


After: ADPT, AAP, AW, DOX, AEL, ANDE, AOC, ASPV, AVB, BARE, ABX, BDN, CBT, CAI, FIX, CNO, XRAY, NEX, EDR, EXAR, FRT, FMC, FBN, GGP, BGC, GMR, GIVN, HMN, JDSU, JLL, LVS, LHCG, MTW, MANT, MET, NVT, OIIM, OKE, OKS, PDFS, PDLI, PVA, PVR, PGTI, PHRM, PLXS, PGIC, PRU, SGTL, SMSI, SUN, SRDX, SWN, TK, TFX, TWPG, TRMA, TRN, TTMI, URI, UNM, WCA       

                         Events

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Richmond Events Financial Services Technology Forum

Richmond Events Finance Directors’ Forum

Marine Money Magazine Dublin Ship Finance & Investment Forum

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BIOCOM Investor Conference

 

The Wall Street Journal Home Page

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
Monday  Oct  29 
 
 

 
 

 
 
 
 

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

Redbook
 [Bullet] 8:55 ET 

Consumer Confidence
 [Bullet] 10:00 ET 

4-Week Bill Auction
[Bullet] 1:00 ET 

FOMC Meeting Begins
[Bullet] 2:30 ET 

 
 
 
 

5-Year Note Settlement

5 Yr TIPS Settlement


 
MBA Purchase Applications
 [Bullet] 7:00 ET 

ADP Employment Report
 [Bullet] 8:15 ET 

Employment Cost Index
 [Bullet] 8:30 ET 

GDP
 [Star] 8:30 ET 

10-Year Note Announcement
[Bullet] 9:00 ET 

30-Year Bond Announcement
[Bullet] 9:00 ET 

NAPM-Chicago
 [Bullet] 9:45 ET 

Construction Spending
 [Bullet] 10:00 ET 

EIA Petroleum Status Report
 [Bullet] 10:30 ET 

FOMC Announcement
 [Star] 2:15 ET 

Farm Prices
 [Bullet] 3:00 ET 

 
 
 
 

Weekly Bill Settlement

 
 
 
 

 
Employment Situation
 [Star] 8:30 ET 

Factory Orders
 [Bullet] 10:00 ET 

 
Equity Settlement
11 -01 -2007
Equity Settlement
11 -02 -2007
Equity Settlement
11 -05 -2007
Equity Settlement
11 -06 -2007
Equity Settlement
11 -07 -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

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