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EQUITY LETTER

THURSDAY    JANUARY 29 2009

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Economic
08:30 Durable Orders (Dec.): -1.8% cons.
08:30 Initial Claims: 589K prior
10:00 New Home Sales (Dec.): 400K cons.

TOP FINANCIAL NEWS
Economic pain to be ‘worst for 60 years’
Risk that 50m jobs will be lost in 2009  
BUSINESS NEWS

After Hours Summary
QCOM -5.7%, FLEX -13.2% on earnings/guidance
Companies trading higher in after hours in reaction to earnings
SEPR
+14.2%; WDC +4.2%; SYMC +3.5%... 
Companies trading lower in after hours in reaction to earnings
 FLEX -13.2%; ALL -11.4%; LSI -6.9%; QCOM -5.7%; ROH -5.1%; RYL -2.5%... 
Companies trading lower in after hours in reaction to news
: DRYS -20.2% (discloses that it has 12 vessels trading in the spot market that are currently exposed to the downturn in the drybulk charter rates; files 424B2 relating to a $500 mln 'ATM Equity Offering' of their common shares); BAC -2.2% (Bank of America outlines approach to track lending and investing activity); MS -1.9% (Global Wealth mgmt COO leaving co -- DJ; COO Ellyn McColgan leaving at end of January - DJ); CHK -1.5% (announced that it has priced its previously announced public offering of $1 bln of senior notes); WFC -1.0% (Wells Fargo says that commercial real estate loans show "signs of stress" -- DJ).

Earnings

Before
 FLWS, MMM, ALK, ATK, MO, AMB, AEP, BUD, ACAT, ABFS, AF, AZN, ALV, AN, BLL, BDK, BPHX, BC, CSAR, CSH, CELG, CHTT, CXG, CL, CNX, CEG, CAL, D, DDE, DVD, EK, LLY, EQT, ETH, SSP, FCS, F, FO, GNTX, HSC, HP, ITW, IPSU, IP, ISCA, IVC, ITG, JBLU, KEI, KMT, LLL, LB, LANC, LDR, LEA, ERIC, MEG, MPW, MWIV, NWL, NWA, NCX, OXY, ODFL, OHI, OXPS, OSK, OSIS, PCCC, PAS, PCZ, PII, PFS, QUIX, RTN, RCL, RDS/A, RRST, SEIC, SII, SNE, HOT, SRI, TROW, TXT, TKR, UTEK, UMPQ, UA, USAP, LCC, USAK, WCC, WYE, XEL, YRCW, ZMH

During
 MNTG 

After
 PAR, ABAX, ARAY, ACXM, ACS, AMZN, ACF, ANEN, AMCC, ARBA, AVID, ACLS, BRCM, BCR, CA, CAMD, BEAT, CHRT, CHRD, CB, COLM, CNXT, CVTI, CYBS, CYT, DDUP, DRIV, DNEX, DLB, DLLR, EMN, EFII, ESIO, ENTU, EXAR, FMD, FBC, HLIT, HPC, HUBG, IKAN, INFN, INFA, ININ, IDTI, JNPR, KLAC, LCRD, LSCC, MXIM, MNT, MCRL, MCHP, MIPS, NATI, OMCL, OPLK, PKI, PXLW, PMCS, QTM, RMBS, RMTR, RLRN, SMTL, SWIR, SXE, STAR, SPWRA, TK, TGI, VAR, VSEA, WMS, ZIGO

Events

SCHW Interim Business Update

KMP Analyst Meeting

DFS Financial Community Briefing

ASH Annual Shareholders Meeting

Synthetic Organic Chemical Manufacturers Association InformexUSA Conf.

Fed: $30 5-yr Note Auction

The Wall Street Journal Home Page

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2008 U.S. Economic Events & Analysis
Monthly Weekly Daily Today 12:03 AM ET << 2008
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 Jan 26

 
 

 

 
Leading Indicators
[Report][Bullet
10:00 AM ET

 

 

 

 
 

 

 

 
Redbook
[Bullet
8:55 AM ET

 

 

 
2-Yr Note Auction
[Bullet
1:00 PM ET
 

 

 

 
 

Weekly Bill Settlement

 

 
Jobless Claims
[Report][djStar]
8:30 AM ET

 
New Home Sales
[Report][djStar]
10:00 AM ET

 

 

 

 
5-Yr Note Auction
[Bullet
1:00 PM ET

 
Money Supply
[Bullet
4:30 PM ET
 

 
GDP
[Report][Star]
8:30 AM ET

 

 
NAPM-Chicago
[Report][Bullet
9:45 AM ET

 

 
Farm Prices
[Bullet
3:00 PM ET
 
Equity Settlement
1-29-09
Equity Settlement
1-30-09
Equity Settlement
2-2-09
Equity Settlement
2-3-09
Equity Settlement
2-4-09

 

 

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)