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THURSDAY JULY 24  2008 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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Economic
8:30 Initial Claims: 366K prior
10:00 Existing Home Sales (Jun.): 4.95M cons.

Jobless Claims
[Consensus]
 [Bullet] 8:30 ET 
Existing Home Sales
[Report]
 [Bullet] 10:00 ET 
EIA Natural Gas Report
 [Bullet] 10:35 ET

TOP FINANCIAL NEWS
Crude and food falls help lift equities
BUSINESS NEWS
After Hours Summary
 WFR -24.6%, AMZN +8.5% on earnings; LSI +11.0% on earnings/guidance

Companies trading higher in after hours in reaction to earnings
 CRUS +15.9%; BIDU +13.3%; SCSS +10.8%; LSI +11.0%; GSIC +9.6%; MLNX +9.1%; AMZN +8.5%; VAR +7.0%; IRBT +6.5%; ICO +6.2%; NTGR +6.1%; SANM +5.8%; TEX +4.7%; PHM +4.5%; NTRI +4.3%; SLM +4.2%; DOX +4.2%; AFOP +3.5%; STMP +3.4%; DGII +3.3%; TQNT +3.1%; FBP +3.0%; SY +2.9%; AEIS +2.6%; ASIA +2.5%; RHI +2.5%; ARBA +2.3%; TISI +1.5%; SGMO +1.1%; CNW +1.1%...  
Companies trading lower in after hours in reaction to earnings
 CDNS -26.5%; WFR -24.6%; CPTS -19.7%; SWIR -19.1%; NVEC -18.7%; WIRE -16.2%; OMTR -13.2%; SKX -12.3%; CMG -11.7%; GDI -10.8%; RGR -10.0%; KAI -9.1%; RYL -6.6%; FFIV -5.5%; LHO -4.4%; MCK -4.0%; IKAN -3.9%; AFL -3.9%; FNF -3.0%; NE -2.5%; AGP -1.4%; EQIX -1.3%; BCR -1.2%; AEM -1.1%; ISIL -1.0%...  
Companies trading higher in after hours in reaction to news
: IRBT +6.5% (receives an additional order from the U.S. Army totaling $17.5 mln); WB +3.1% (CEO bought 1 mln shares at $15.32-17.02 on 7/22); CAP +3.1% (files for the sale of 4 mln shares of its common stock, comprising 1,333,000 shares that CAI intends to offer and 2,667,000 shares by selling shareholders); ONXX +2.8% (The New England Journal of Medicine publishes Nexavar study demonstrating significant improvement in overall survival in patients with liver cancer)... Companies trading lower in reaction to news: CGX -15.7% (lowers preliminary Q2 results below consensus); CAKE -5.8% (announces that CFO Michael Dixon resigned; appoints Cheryl Slomann as interim CFO); STLD -4.8% (files for an 18.33 mln share common stock offering by selling shareholders); LCC -4.2% (Moody's downgrades ratings of US Airways -- corporate family to Caa1; Outlook Negative).

Earnings

Before: MMM, AMG, ALK, ABC, ABI, ACAT, ARTG, ASH, ASPM, AGIX, AUO, AN, BLL, BKUNA, BDX, BDC, BHE, BBI, BMY, BC, BBW, BG, BNI, CCMP, CSH, CELG, CPS, CBR, CXG, CMCO, CCUR, CNMD, CNX, CBE, CVTI, CFR, DAI, DO, DHX, DRAD, DDE, DVD, DOW, DSPG, DEP, ELON, ECL, ELN, LLY, EMCI, ECA, ESV, EPD, SSP, EXC, FSNM, FLIR, F, FCL, BEN, GMT, GR, GHL, HHS, HTV, HUBG, HUB/B, ICTG, IKN, IPCC, IDC, IVC, IVZ, IVGN, IONA, ESI, JAKK, JNS, KEI, KMT, KMB, KCI, FSTR, LLL, LH, LEE, LM, LVLT, LTM, MBI, MNI, MWV, MHS, MEDE, MSTR, MKSI, MNRO, MWRK, NCC, NEM, NCX, OXY, ODFL, ORI, OHI, PTC, PCCC, PENN, PCZ, PFCB, PLUG, POT, PCH, PLD, QLTI, RSH, RTN, FRZ, REDF, RGC, ROH, RBCN, SCHL, POOL, SMI, SI, SII, SNA, LUV, SPAR, SPR, HOT, STFC, STE, STRA, SU, SNV, SYNT, TASR, TDY, TRA, TMO, TSCM, TRAD, UTEK, UNP, USAP, UST, VDSI, VIGN, WCC, WMAR, XRX, ZMH, ZOLL

During: COHR, EGN, GRC, HTLD

After: ABAX, ACTS, ACXM, AFFX, AYE, AMX, ANSV, ANGO, ARNA, AVID, BEZ, BBSI, BJRI, BMC, BKHM, BUCY, BLDR, BLG, COG, CLS, CENX, CPHD, CHRT, CAKE, CIM, CB, CYN, COBZ, COHU, COLM, CPWR, CCI, CW, CYBS, CYMI, DDUP, DECK, DDR, BOOM, EMN, ESIO, EPIC, EZPW, FALC, FII, FLEX, FTI, FDRY, GNW, GPN, HITT, IM, INSU, IBNK, ISSI, IBKR, IWOV, XXIA, JJSF, JNPR, KLAC, LDSH, LCRD, LSCC, LDIS, MTD, MCRL, MCHP, MSCC, MTX, MCRI, NTY, NETL, NTCT, NUVA, OLN, PCTI, PKI, PXLW, PLXS, PRAA, POWI, PWER, RMTR, RSG, RVBD, RCKY, ROP, SGMO, SBCF, CKH, SIMG, SIRF, SKX, SONO, PCU, SOV, STNR, SRCL, SYMM, TCO, TNL, TZOO, TRMB, TGI, TYL, VSEA, WOOF, CHIP, VISN, VLCM, WDC, WYNN, YRCW

Events

MSFT Analyst Meeting 2008

RPRX Analyst Day

AlwaysOn/STVP Stanford Summit Conf.

Knight Capital Group - Acorn Energy Road Show (Day 2 of 3)

LOCM at SMX CORP Local and Mobile Conf.

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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 31
Monday  Jul  21 
 

 
 

 
 
 

 
 

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

Redbook
 [Bullet] 8:55 ET 

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

4-Week Bill Auction
[Bullet] 11:30 ET 

20-Year TIPS Auction
[Bullet] 1:00 ET 

 
 
 
 

 
MBA Purchase Applications
 [Bullet] 7:00 ET 

EIA Petroleum Status Report
 [Bullet] 10:35 ET 

2-Year Note Auction
[Bullet] 1:00 ET 

Beige Book
 [Bullet] 2:00 ET 

 
 
 
 

Weekly Bill Settlement

 
 
 
 

 
Durable Goods Orders
[Consensus]
 [Star] 8:30 ET 

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

New Home Sales
[Report]
 [Bullet] 10:00 ET 

 
Equity Settlement
07 -24 -2008
Equity Settlement
07 -25 -2008
Equity Settlement
07 -28 -2008
Equity Settlement
07 -29 -2008
Equity Settlement
07 -30 -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)