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THURSDAY MAY 22   2008 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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8:30 Initial Claims: 371K prior

Jobless Claims
[Consensus]
 [Bullet] 8:30 ET 
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 [Bullet] 10:30 ET 
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After Hours Summary: NTAP -11.2% on earnings/guidance; MCO -1.1% (Moody's: Senator seeks probe of Moody’s errors – FT

Companies trading higher in after hours in reaction to earnings
 NDSN +9.7%; LDG +4.2%; LTD +3.8%; PERY +3.3%; SMTC +3.2%...
Companies trading down in reaction to earnings
 CEDU -16.8%; WSTL -15.9%; NTAP -11.2%; BRS -8.1%; ZL -3.5%; NAPS -2.4%; CHINA -2.3%; CTRN -2.1%; SNPS -1.8%; PETM -1.5%; GYMB -1.0%... Companies trading higher in after hours in reaction to news: CPN +11.0% (Harbinger Capital Partners recommends Calpine review NRG Energy's proposed merger of equals); EAC +6.2% (to explore strategic alternatives); MOBE +2.7% (changes name to iGo, effective immediately; ticker changes to IGOI, effective at the start of trading on Thursday, May 22, 2008); ESE +2.0% (announces contract award at PTI; annual revenue expected to be approx $10-$15 mln); EPAX +1.9% (acquires BookRags for $18 mln; expected to be accretive in the first twelve months following the acquisition); DRC +1.5% (announces renewed supplier agreement with Chevr); KAI +1.1% (enters into a $100 million uncommitted private shelf agreement with Prudential Capital Group); FLIR +1.1% (receives $358.4 mln IDIQ contract modification from the U.S. Army); AZN +1.0% (sued by the Arkansas Attorney General over SEROQUEL -- Bloomberg)... Companies trading lower in reaction to news
 JTX -6.2% (issues guidance in addition to reporting its tax returns; prepared 3.45 mln tax returns in 2008, a decline of 5.3% compared to the prior year); NRF -6.2% (announces private offering of up to $75 mln exchangeable senior notes due 2013); RAD -3.9% (announces proposed offering of convertible notes); PFE -1.3% (Report raises new safety concerns about Pfizer drug Chantix -- WSJ); CHINA -1.4% (reiterates revenue and adjusted net income guidance for Q2 2008); MCO -1.1% (Moody's: Senator seeks probe of Moody's errors -- FT).

Earnings

Before: ANN, ASFI, BKS, BCSI, BONT, CMRG, CTR, PLCE, CMCO, DKS, FLO, FRPT, FRO, GME, GMTN, GSOL, HRL, MPR, NM, NZ, NWY, OPXT, PDCO, PDC, RSTO, SAFM, SFL, SSI, SMRT, STP, TECD, BKE, TTC, TSL, WPL, ZLC

After: ARO, ARUN, BBOX, CA, DITC, FL, GPS, HIBB, HRAY, LTON, MENT, NINE, NDSN, PSUN, TMA, CHIP, VRGY, ZUMZ

Events

6 AMERI's Mexican Investors Conference

 ABT, WLP, COV, HLS, ESRX at Citigroup Healthcare Conference

 ADTN, ALVR, CCOI, COMS, EGHT at Kaufman Brothers Next-Generation Infrastructure Tech & Services 1x1 Conference

 ATVI, MVL, SUPX, N, PESI, CEVA, HXL, MVSN, VRSN at Wedbush Morgan Securities Management Access Conference for Micro-Small-Mid-Cap Companies

 BIDU to attend the Goldman Sachs Ninth Annual Internet Conference

 CFY, RES, CPE, SGY, KEG, SPN at 6th Annual Louisiana Energy Conference

 CIFS at Roth Capital Partners Third Annual China Discovery Tour and 1x1 Conference (Beijing) (Day 6 of 8) Credit Suisse Group Building Your Long/Short or 130/30 Strategy Conference

 Credit Suisse Group China UFO (Under followed Opportunities) Conference

 CSR at Oppenheimer & Co. 2nd Annual China Dragon Call Conference (Invitation Only) (Day 3 of 3)

 DVN, SUN, KWK, VLO, APC, SD, CXO at UBS Global Oil & Gas Conference (Day 4 of 4)

 ESIO First Annual New York Investor Day

 FDRY, MSCC at Thomas Weisel Partners Growth Stock One-on-One Conference

 LOGI at 2008 New York Investor and Analyst Day

NOK, at CFO.com Working Capital Management Conference

 OKS, BBEP, BWP at Master Limited Partnership Investor Conference

 PSSI 2008 Investor Day; ROC, SEE, CYT, ARG, OI, VAL, MEOH, MWV at Goldman Sachs Basic Materials Conference

SMi Group Clinical Trials Logistics Conference

 VNR at Raymond James 7th Annual MLP Investors Conference

 VPRT, IACI, FMCN, MSO, OWW, GOOG, TZOO at Goldman Sachs Internet Conference

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Weekly Bill Settlement

 
 
 
 

SIFMA recommended early close 2:00 ET

 
Existing Home Sales
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 [Bullet] 10:00 ET 

 
Equity Settlement
05 -22 -2008
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05 -23 -2008
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05 -27 -2008
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05 -28 -2008
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05 -29 -2008

 

 

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     5The Boston Globe (business)
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