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TUESDAY OCTOBER 21 2008 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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TOP FINANCIAL NEWS
Bernanke backs new stimulus before year’s end
Rep Barney Frank says on CNBC "There will be tax increases down the road; there are a lot of rich people we can tax"
Says second stimulus should be "upwards of $150 bln."
BUSINESS NEWS
After Hours Summary
 AXP +6.4% on earnings, TXN -5.5% on earnings/guidance

Companies trading higher in after hours in reaction to earnings
 AXP +6.4%; PTV +10.0%; SNDK +1.5%...  
Companies trading lower in after hours in reaction to earnings
 TXN -5.5%; NBR -2.1... 
Companies trading higher in after hours in reaction to news
: LGF +8.0% (Carl Icahn discloses 9.17% stake in 13D filing; had discussions with the CEO and Vice Chairman); LSI +1.2% (LSI and Seagate extend strategic relationship)... 
Companies trading lower in reaction to news
 JAVA -8.3% (guides Q1 below consensus); AVP -2.3% (statement on voluntary disclosure).

Earnings

Before: MMM, SHLM, AKS, AME, AXE, ARB, ASTE, ALV, AVY, BIIB, BLK, EAT, BEAT, CSL, CAT, CE, COH, DD, FITB, FCFS, FRX, GNTX, ICLR, IIVI, IMN, JAKK, JEF, KELYA, KFY, KEY, KVHI, LXK, LMT, MTB, MAN, MNI, MICC, MNRO, MSM, NCC, NVR, OMC, OXPS, PCAR, PNR, PFE, PCP, DGX, RF, SGP, SWK, SY, TLAB, UAUA, USB, USG, WAT,WBS, WU

After: RNT, ADPT, ALGT, AMLN, AAPL, AVCT, BSX, BRCM, CHRW, CNI, CLZR, CRI, CEC, CLDN, CENX, CERN, CHE, CPSS, CREE, CSGS, CYBI, CYMI, DFG, ETFC, EW, FSII, FULT, HBHC, HTLD, IBKC, ILMN, INFN, IFSIA, IVGN, LFL, MANH, NSC, PTV, PNRA, PNFP, PTP, PPDI, QLGC, RJF, SEAB, SIAL, SSTI, SUPX, TCO, TUP, VASC, VMW, WCN, WIT, XL, YHOO, ZHNE

Events

AT, ENS, CBT at Lux Research Inc. Executive Summit

CVX, COWN, NWS at Dow Jones Newswires Alternative Energy Innovations Conf.

PX at Infocast Carbon Capture Status and Outlook Conf

 

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Equity Settlement
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10 -24 -2008
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10 -27 -2008
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10 -28 -2008
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10 -29 -2008

 

 

 

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