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TUESDAY MARCH  18 2008 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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Economic
8:30 Housing Starts (Feb.): 995k cons.
8:30 Building Permits (Feb.): 1020k cons.
8:30 PPI (Feb.): 0.3% cons.
8:30 Core PPI (Feb.): 0.2% cons.
2:15 FOMC Policy Statement

ICSC-UBS Store Sales
 [Bullet] 7:45 ET 
Housing Starts
[Consensus]
 [Star] 8:30 ET 
Producer Price Index
[Consensus]
 [Star] 8:30 ET 
Redbook
 [Bullet] 8:55 ET 
State Street Investor Confidence Index
 [Bullet] 10:00 ET 
FOMC Announcement
[Consensus]
 [Star] 2:15 ET

TOP FINANCIAL NEWS
Traders Fear Lehman Tastes Like Bear
BUSINESS NEWS

Alliance Data tells Blackstone it's breaching merger pact
TMA +11.1% (files a mixed-securities shelf offering in an S-3ASR); FCSX +8.1% (statement on market conditions; co has no direct exposure to the sub-prime mortgage-backed securities or auction rate securities)
Companies moving in after hours trading in reaction to earnings
Trading Up
PERY
+7.6%; OMNI +6.1%; TMTA +5.1%; HYTM +3.9%; COOL +2.0%; NSTK +1.6%; CLNE +0.9%...
Trading Down
 RAME -5.6%; CKEC -4.9%; SHFL -4.3%... 
Companies moving in after hours trading in reaction to news
 Trading Up
 ZANE +30.0% (announces agreement for $8.9 million sale of government solutions subsidiary); TMA +11.1% (files a mixed-securities shelf offering in an S-3ASR); FCSX +8.1% (statement on market conditions; co has no direct exposure to the sub-prime mortgage-backed securities or auction rate securities); NMSS +4.0% (LiveWire Mobile acquires Groove Mobile; co anticipates acquisition to be accretive); NPSP +3.9% (reports successful GATTEX extension study); PANL +2.9% (and LG Chem announce collaboration to accelerate development of OLED materials); BTRX +2.5% (announces Chief Financial Officer Succession); KEX +2.3% (raises Q1 EPS guidance above consensus); BBOX +1.8% (acquires AT&T's southeast region NEC CPE base, terms not disclosed); ULTR +1.8% (announces share repurchase program for up to a total of $50 mln of the co's common stock); KND +1.7% (announces Frank Battafarano has been named COO); CNET +1.7% (to appeal Delaware Chancery court decision); AIRM +1.4% (Air Methods (AIRM) will replace Possis Medical (POSS) in the S&P SmallCap 600); UAM +1.1% (writes down 2007 earnings related to its sub-prime mortgage holdings)... 
Trading Down
 NUVO -47.1% (announces Phase 2 SONOMA-3 trial did not meet target product profile and discontinues alfimeprase development); DVAX -42.5% (and Merck report clinical hold of investigational vaccine HEPLISAV); OUTD -4.1% (announces $10 mln stock repurchase program); NXG -2.0% (Tentative labour agreement reached at Northgate's Kemess mine); ORGN -1.1% (announces sale of unsecuritized loans; going concern raised on financial audit).

Earnings

 Before: CRYP, FDS, GME, GTOP, GS, LEH, QXM, SMTS, TNP

After: AIR, ADBE, DRI, FMCN, FSII, HWAY, RADN, UBET

Events

AIG, IBM, HNZ, CI, MET, PRU at Economist Conferences Insurance Leaders Roundtable Developing new strategies for the industry to 2013 Conf.

ALXA, CEGE, HALO, AMGN, BMRN, BIIB, CEPH at Cowen and Company Health Care Conf.

BAC, MET, BTU at Standard & Poors Annual Utility Conf.

BMY, LAZ, MRK at BIO-Windhover Conf.

DNDN, NSTR, SONO, TGEN, CTIC at Washington Biotechnology & Biomedical Association Invest Northwest Conf FMC at UBS Specialty Chemicals Conf.

GLS, AAI, PCP, ALK, GR, CAL at JPMorgan Aviation & Transportation Conf.

GS, CITI, LEH at Securities Industry and Financial Markets Association Insurance & Risk-Linked Securities Conf

JPMorgan Aviation & Transportation Conf.

MDT, TMO, ALNY, GTIV, BSX, MTD at Lehman Brothers Healthcare Conf.

MTW, BA, ITW, ZBRA, LFUS at ACG 3rd Annual International Growth Conference Middle Market Growth in Uncertain World Markets: Risk and Opportunity

NM at Connecticut Maritime Association Inc. Shipping Conf. ORA, NILE, XNPT, AG, FACE, MNT, AGU at Citigroup Small and Mid Cap Emerging Growth Conf.

PG, WB, AMAT, AMGN, PFE at Financial Times FT Global Outsourcing and Offshoring New York Conf.

TRW, PAG, VC, GPI, ARM, SUP, F at Morgan Stanley Global Automotive Conf.

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2008 U.S. Economic Events & Analysis

Monday  Mar  17 
 
 

 
 

10-Yr Note Settlement

 
 
 
 

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

Housing Starts
[Consensus]
 [Star] 8:30 ET 

Producer Price Index
[Consensus]
 [Star] 8:30 ET 

Redbook
 [Bullet] 8:55 ET 

State Street Investor Confidence Index
 [Bullet] 10:00 ET 

4-Week Bill Auction
[Bullet] 1:00 ET 

FOMC Announcement
[Consensus]
 [Star] 2:15 ET 

 
 
 
 

 
 
 
 

Weekly Bill Settlement

Quadruple Witching

SIFMA recommended early close 2:00 ET


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

Leading Indicators
[Report]
 [Bullet] 10:00 ET 

Philadelphia Fed Survey
[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 

Money Supply
 [Bullet] 4:30 ET 

 
 
 
 

Good Friday
All Markets Closed, Banks Open


 
 
Equity Settlement
03 -20 -2008
Equity Settlement
03 -24 -2008
Equity Settlement
03 -25 -2008
Equity Settlement
03 -26 -2008
 
 

 

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)