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WEDNESDAY APRIL 23  2008 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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Economic news
       
10:30 Crude Inventories: -2356K prior

MBA Purchase Applications
 [Bullet] 7:00 ET 
EIA Petroleum Status Report
 [Bullet] 10:30 ET
TOP FINANCIAL NEWS
Regulator fears wave of bank failures
Oil nears $120 as market tightens
BUSINESS NEWS
After Hours Summary: YHOO -0.7% and BRCM +8.0% on earnings/guidance

Companies trading higher in after hours in reaction to earnings
ANAD
+21.3%; CYMI +20.8%; VMW +15.3%; MOLX +13.0%; SWKS +10.0%; CEC +8.8%; BRCM +8.0%; CERN +7.8%; RJF +6.3%; EW +6.1%; IVGN +5.4%; PPDI +5.2%; ILMN +4.2%; ENTU +3.8%; SXL +3.1%; NUVA +2.5%; CHRW +1.9%; TUP +1.9%; TER +1.8%; SIAL +1.8%; SIMG +1.8%; WSII +1.2%; LDIS +1.2%; EPAX +1.1%; RNT +1.0%...
Companies trading down in reaction to earnings
 INFN -12.1%; CREE -11.5%; SSCC -10.7%; RCRC -9.8%; ODFL -7.6%; XL -5.6%; NSC -3.6%; AMP -2.6%; VOCS -2.5%; VFC -1.6%; ZHNE -1.1%; YHOO -0.7%... 
Companies trading higher in after hours in reaction to news
 REST +172.7% (MDT signs agreement to acquire Restore Medical for $1.60 per share in cash); SIRT +80.7% (GSK to acquire SIRT for $22.50 a shar); RMBS +2.2% (announces IBM to license multi-protocol SerDes); FRPT +6.6% (DoD awards FRPT a $12.6 mln contract); HTRN +1.8% (completes acquisition of Advanced Medical Partners and provides updated 2008 guidance, sees FY08 revs $160-162 mln vs $149.20 mln one analyst estimate); BUCY +1.4% (and Huainan Mining Industry enter into a preliminary JV agreement); MET +1.1% (announces new $1 bln buyback)... 
Companies trading lower in reaction to news
 TSFG -17.3% (Fitch revises South Financial Group's outlook to negative; lowers individual rating to 'C'); DSL -6.0% (Moody's downgrades Downey to Ba1, negative outlook); BKI -6.1% (sees Q3 EPS and revs below consensus); AMP -2.6%; ORLY -2.4% (Moody's downgrades Downey to Ba1, negative outlook); NARA -1.7% (Moody's downgrades Downey to Ba1, negative outlook); ZIGO -1.6% (receives LCD display equipment orders of $6.6 Million).

Earnings

Before: AMG, APD, ATI, ABK, ABC, ABFS, ARW, ATMI, BDX, BHP, BIIB, BA, CPS, CXG, CEG, CFR, CYBI, DAL, DOV, DSL, EMC, FCL, FCX, GD, GENZ, GSK, GRP, HMA, HST, LII, LVLT, LECO, MPX, MNI, MNC, MCO, MWRK, NWA, NYB, PMTC, PBG, PFCB, PNW, PX, PDS, RGS, RIMG, ROK, RES, R, SGP, SEIC, SRP, SLGN, SPNC, TDY, TRA, SNAK, MDCO, UGI, UPS, WLP, XTO, ZBRA

 During: BUD, EGN

After: AEA, AEIS, AFL, ACL, ADS, ALL, AMZN, ECOL, AGP, AAPL, ARNA, AXYS, BEZ, BBSI, BCR, CLDN, CHIC, CMG, CTXS, CNS, CVGI, CLB, EXBD, CSGP, CVA, CCI, DSCM, EFII, EPIC, EPIQ, EQIX, EXTR, FFIV, DAVE, FNF, FADV, FR, FMC, GDI, GGG, GSIC, HLIT, HTZ, HRH, ICO, KEX, LHO, LSI, MTSN, MCGC, MRCY, MEOH, MOBE, MTSC, NFX, NE, NTRI, PTV, PRXL, PNSN, PLXS, PHM, QCOM, STR, QDEL, RMBS, RJET, RSG, RYL, SANM, SCSS, SKX, SOV, STMP, SRDX, TEX, TSCO, TQNT, TYL, UB, VARI, VAR, WOOF, VIGN, XLNX

       Events

       BHP Billiton PLC March Quarter Production and Exploration & Development Report

       CITI, UBS, LEH, NITE, ITG, DB, JPM, MER at Worldwide Business Research TradeTech 2008 Conference (Day 2 of 4)

       DB, TWPG, BAC, MA at Dow Jones Newswires Wireless Innovations Conference

       DB, WU, SAP, WFC at ICBI Europe's Largest Payments Event, IPS 2008 Conference (Day 2 of 4)

       FCFN at Intertech Organic Photovoltaics Conference (Day 3 of 3)

       GM conference

       GMAC, DFS, LEH, AIG, PCAR at AFSA Finance Industry Investors Conference (Day 2 of 3)

       GSK, AGEN, NABI at Zangani World Vaccine Congress (Day 3 of 4)

       GSK, PFE, LLY at Sachs Associates European Life Science CEO Forum

       KMX at Morningstar Stock Forum

       MR at JPMorgan 4th Annual China Conference

       PTR, CHL at JPMorgan - China Conference 2008 (Day 2 of 3)

       STO at LNG Conference; WPC at Informed Investors REIT & Investment Trusts Conference

       ZOLL Conference Call. 

 

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2008 U.S. Economic Events & Analysis

Monday  Apr  21 
 
 

 
 

 
 
 
 

 
 
 
 

 
 
 
 

Weekly Bill Settlement

 
Durable Goods Orders
[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 

Money Supply
 [Bullet] 4:30 ET 

 
 
 
 

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

 
Equity Settlement
04 -24 -2008
Equity Settlement
04 -25 -2008
Equity Settlement
04 -28 -2008
Equity Settlement
04 -29 -2008
Equity Settlement
04 -30 -2008

 

the market

MARKET UPDATES

Advanced Sectors Sectoring by Industry Group

BUSINESS WEEK MARKET ANALYSIS

 By Paul Cherney

 Economic Indicators

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