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TUESDAY APRIL 8  2008 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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S&P 600 Change Wed. april 9 +ATAC - MESA

Economic
10:00 Pending Home Sales (Feb.): -0.5% cons.
14:00 FOMC Minutes
ICSC-UBS Store Sales
 [Bullet] 7:45 ET 
Redbook
 [Bullet] 8:55 ET 
Pending Home Sales Index
 [Bullet] 10:00 ET 
FOMC Minutes
 [Bullet] 2:00 ET 

TOP FINANCIAL NEWS

BUSINESS NEWS
AMD lowers sales outlook, plans job cuts
After Hours Summary: AMD -3.5% (sees Q1 revs below consensus, cites lower than expected sales across all business segments); VRSN +2.0% (announces it expects 1Q08 revs will meet or exceed previous guidance; Brian Robins named acting CEO); AA up 0.8% on earnings;

Companies moving in after hours trading in reaction to earnings: Trading Up
 AA +0.8%...
Companies moving in after hours trading in reaction to news:
Trading Up
 VRNM +4.9% (announces commencement of start-up phase at its demonstration-scale cellulosic ethanol plant); ATAC +3.5% (will replace Mesa Air Group in the S&P SmallCap 600); DEPO +2.9% (settles patent litigation against IVAX); VRSN +2.0% (announces it expects 1Q08 revs will meet or exceed previous guidance; Brian Robins named acting CEO); INSU +1.9% (completes review of strategic options; determines to execute business plan and hires new CEO John Burgess); FELE +1.4% (announced, Effective April 14, 2008, Thomas J. Strupp will step down as Chief Financial Officer and Secretary ) DPM +1.3% (announces Chief Financial Officer departure); ANR +1.2% (announced the completion of its public offerings); MAPP +1.0% (reports "positive" results from phase 2a clinical trial of combination therapy in adult asthmatics); RACK +0.9% (comments on proxy); BMI +0.9% (acquires GALAXY AMI Tech for $25.7 mln in cash)... 
Trading Down
 GRO -40.2% (Zhixin (Frank) Xue resigns as COO; will remain Chairman of Primalights III Agriculture evelopment); REXX -8.1% ( files S-1 relating to 8 mln share offering by co selling 4 mln shares of common stock and the selling stockholders are selling 4 mln shares of common stock); MWE -6.0% (announces public offering of 5 mln common units at $32.44/unit); ENDP -3.0% (announced that it has notified the U.S. Food and Drug Administration (FDA) of the withdrawal of the supplemental new drug application (sNDA) without prejudice); TONS -2.9% (reports 1Q08 results; sales up 4.5% to $198.6 mln); SCUR -2.3% (lowers Q1 EPS and revs below consensus); AMD -3.5% (sees Q1 revs below consensus, cites lower than expected sales across all business segments); PLUG -2.1% (names Andrew Marsh President and CEO); MNTG -1.4% (puts out press release with previously reported Q4 results; guides revs for FY08 slightly above consensus).

Earnings

Before: BKRS, CHTT, LAYN, MSM, QXM

After: ZZ 

Events

AWI Analyst Meeting

       AIV at NAREIT Investor Forum

APA, ESV, OXY, TDW, GDP, NE at Howard Weil Energy Conf.      

BEYS at EdgeWater Research Spring Conference Citigroup Capital Introductions Conf

       Credit Suisse- 2008 Global Real Estate Conf

CXO, PXD, DPTR, NGAS, PVA at Independent Petroleum     Association of America 2008 OGIS New York Conf

The Southern Municipal Finance Society (SMFS) Energy Conf

       Fed: FOMC policy minutes released.

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2008 U.S. Economic Events & Analysis

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Monday  Apr  7 
 
 

 
 

 
 
 
 

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

Redbook
 [Bullet] 8:55 ET 

Pending Home Sales Index
 [Bullet] 10:00 ET 

4-Week Bill Auction
[Bullet] 1:00 ET 

FOMC Minutes
 [Bullet] 2:00 ET 

 
 
 

 
 

 
 
 
 

Weekly Bill Settlement

 
 
 
 

 
Import and Export Prices
[Report]
 [Bullet] 8:30 ET 

RBC CASH Index
 [Bullet] 9:00 ET 

Consumer Sentiment (p)
[Report]
 [Bullet] 10:00 ET 

 
Equity Settlement
04 -10 -2008
Equity Settlement
04 -11 -2008
Equity Settlement
04 -14 -2008
Equity Settlement
04 -15 -2008
Equity Settlement
04 -16 -2008
 
 

 

the market

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BUSINESS WEEK MARKET ANALYSIS

 By Paul Cherney

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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)