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WEDNESDAY JUNE 18  2008 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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Economic

     10:30 Crude Inventories: -4560K prior

MBA Purchase Applications
 [Bullet] 7:00 ET 
EIA Petroleum Status Report
 [Bullet] 10:30 ET 
TOP FINANCIAL NEWS

Bush to urge Congress to allow offshore drilling

BUSINESS NEWS
After Hours Summary
YRCW +8.5% (reaffirms Q2 EPS of $0.30-0.40, ex -items vs $0.29 consensus)

Companies trading down in reaction to earnings
 HOO -11.7%; CLC -3.3%... 
Companies trading higher in after hours in reaction to news
: PANC +17.1% (announces results of Bevirimat prospective study, which confirm patient response predictors); YRCW +8.5% (reaffirms Q2 EPS of $0.30-0.40, ex -items vs $0.29 consensus); CRZ +4.4% (declares dividend of $0.30, down from $0.68); AMTD +2.0% (reports monthly metrics with 306K client trades per day, up 24% from May 2007); BBI +1.8% (Marathon Asset Management discloses 5.1% stake in 13G filing); ANW +1.0% (announces agreement to acquire Vancouver-based ICS Petroleum, a marketer and physical supplier of marine fuel in Canada and Mexico)... 
Companies trading lower in reaction to news
 MF -15.2% (to offer $150 mln of convertible preference shares and $150 mln of convertible senior notes; provides 1Q09 guidance); XJT -8.2% (discloses that CFO will leave the co); OGE -2.8% (files for up to 6 mln shares of common stock offering); NOVL -2.4% (reaffirms FY08 guidance, sees revs $940-970 mln vs $957.28 mln First Call consensus); GCI -2.2% (released May statistical report); NWA -1.6% (announces Q4 capacity reductions in response to continued fuel crisis); APL -1.2% (announces a 5 mln share common limitied partner units offering); UNP -0.9% (discloses that network outages and disruptions caused by the severe weather will reduce second quarter 2008 earnings by approximately $0.05 per diluted share).

Earnings

Before: KMX, CMC, FDX, LNN, MS, SMTS

After:  CWST, HWAY, IHS

      Events

        ADPI at Gabelli & Company, Inc. 6th Annual Dental & Veterinary Conf.

     AGII, BBX, FMR, NYB, SNV at Fox-Pitt, Kelton Inc. Small Mid-Cap Bank and Insurance Conf.

     AMLN, NVO, DNA, IMCL, ALNY at Biotechnology Industry Organization BIO International Convention (Day 3 of 5)

     BMI, FGN, STRL, CECE, ARGN at Capstone Investments Second Annual Small-Cap Investor Conf.

     BTU, DRYS, EGLE, GNK, NM, GMR at Marine Money Magazine 21st Annual Marine Money Week Conference (Day 2 of 3)

     Denver Gold Group - Corporate Asia Pacific Gold Forum

     Deutsche Bank Securities African Frontiers Markets Conf.

     Deutsche Bank Securities Global Consumer & Food Retail Conf.

     Deutsche Bank Securities Inc. South Africa Conference (Day 1 of 3)

     Deutsche Bank Securities Regional Technology Corporate Day

     Euromoney Institutional Investor PLC Renewable Energy Finance Forum (REFF) (Day 2 of 3)

     EW, TFX at Windhover Information Medical Device Summit (Day 2 of 3)

    Gartner Project & Portfolio Summit (Day 3 of 3)

    GET Investor/Analyst Day

    Intertech Photovoltaics Summit (Day 1 of 3)

    Intertech Sustainability in Printing Conference (Day 1 of 3)

    Jupiter Research Linked Data Planet Conf.

    KVHI Eurosatory; LDV Capital Management Growth & Value Conf.

LUV, ABFS, JBLU, ALK, CVTI, CNW at Merrill Lynch Global Transportation Conf.

Marcus Evans Strategic Workforce Planning and Recruitment for Federal Government Conference (Day 2 of 3)

    Merriman Curhan Ford, & Co. Cleaner Coal Technologies Conf.

New York Society of Security Analysts Cross-Capital Signals and Strategies for the Equity Investor Conf.

    NYX at Federation of European Securities Exchanges Convention

    PFG at Credit Suisse Group 2nd Annual Consumer Conf.

    PHST Population Approach Group in Europe

    PLXS Investor Day

    Private Equity International Investor Relations and Communications Forum (Day 1 of 3)

PXD at Global Pacific & Partners 6th Maghreb & Mediterranean Oil & Gas Conf.

    Red Hat Summit (Day 1 of 3)

    RTK at ASTM International - Committee D02 on Petroleum Products and Lubricants - Jun 15, 2008 - Jun 19, 2008; SMi Group Debt & Equity Financing Conf.

STRA, TRAK, ACAS, ACV, BECN, CRL at William Blair & Company Growth Stock Conference (Day 2 of 3)

    Terrapinn LatAM Mining Congress (Day 2 of 3)

    TLEO Analyst Meeting

    VVUS BIO 2008 Annual Meeting

    WBR Luxury Interactive Conf.

    SF Fed Pres Yellen.

 

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2008 U.S. Economic Events & Analysis

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
Monday  Jun  16 
 
 

 
 

10-Yr Note Settlement

 
 
 
 

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

Current Account
 [Bullet] 8:30 ET 

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

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

Redbook
 [Bullet] 8:55 ET 

Industrial Production
[Consensus]
 [Star] 9:15 ET 

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

4-Week Bill Auction
[Bullet] 1:00 ET 

 
 
 
 

 
 
 
 

Weekly Bill Settlement

 
 
 
 

Quadruple Witching

 
 
Equity Settlement
06 -19 -2008
Equity Settlement
06 -20 -2008
Equity Settlement
06 -23 -2008
Equity Settlement
06 -24 -2008
Equity Settlement
06 -25 -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)