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EQUITY LETTER

WEDNESDAY   JANUARY 21 2009

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TOP FINANCIAL NEWS

Worst Inauguration Day Drop in Dow Industrial History

BUSINESS NEWS

Berkshire buys 4.3 million BNSF Corp. shares

After Hours Summary
 IBM +4.2% on earnings/guidance, BK -3.3% on earnings; C +3.6% (declares quarterly dividend of $0.01; down from $0.16 previously)
Companies trading higher in after hours in reaction to earnings
 RVBD +13.8%; CREE +7.9%; IBM +4.2%... 
Companies trading lower in after hours in reaction to earnings
: BK -3.3%... 
Companies trading higher in after hours in reaction to news
: C +3.6% (declares quarterly dividend of $0.01; down from $0.16 previously); INTC +2.3% (Bloomberg reports INTC's CEO told employees the co may have a loss in Q1, in an internal memo); QCOM +1.5% (CEO appears on CNBC, says cash flow continues to be strong and markets are growing so business continues to be strong)...  
Companies trading lower in after hours in reaction to news
: ADI -3.0% (sees Q1 EPS of $0.15-0.17, down from $0.22-0.23 vs consensus is $0.22).

Earnings

Before: ABT, ADTN, APD, ATI, ABK, AMR, BLK, BNI, COH, DAL, FCX, HCBK, IGTE, IIVI, LAB, NTRS, PM, PJC, BPOP, PGR, SMTS, UAUA, UTX, USB

After: ACTS, DOX, AAPL, AVCT, CLDN, CHIC, CNH, EBAY, FFIV, HXL, KMP, MTSC, NE, NVEC, PLCM, RJF, SANM, STX, SLM, TER

Events

Credit Suisse January Hedge Fund Manager Roundtable

CVX, NRG, WHR at Platts Carbon Trading Conf.

NCI at Green Power Conferences Solar Power Generation USA Conf.

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2008 U.S. Economic Events & Analysis
Monthly Weekly Daily Today 9:13 PM ET
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
Tuesday Jan 20

US Holiday: Martin Luther King Jr. Day

All Markets Closed
 
 

Federal Government closed for Inauguration Day
 

 

 

 

 
 

 

 

 
Redbook
[Bullet
8:55 AM ET

 

 

 
 

Weekly Bill Settlement

 
Housing Starts
[Report][Star]
8:30 AM ET

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

 

 

 

 

 

 
Money Supply
[Bullet
4:30 PM ET
 

 
 
  Equity Settlement
1-23-09
Equity Settlement
1-26-09
Equity Settlement
1-27-09
Equity Settlement
1-28-09

 

 

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)