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EQUITY LETTER

TUESDAY   MARCH 17 2009

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http://www.staffsunion.com/ents/event/1451/

Economic
08:30 PPI (Feb.): 0.4% cons.
08:30 Core PPI (Feb.): 0.1% cons.
08:30 Building Permits (Feb.): 510K cons.
08:30 Housing Starts (Feb.): 453K cons.

TOP FINANCIAL NEWS

Obama vows to fight AIG bonuses

Prosecutors eye Ruth Madoff’s assets

BUSINESS NEWS

After Hours Summary:

AA -11.6% (AA announces a series of operational and financial actions to significantly improve the Co's cost structure and liquidity)
Companies trading higher in after hours in reaction to earnings
 FRPT +3.5%..
Companies trading lower in after hours in reaction to earnings
 SINA -8.0%... 
Companies trading higher in after hours in reaction to news
: FRPT +3.5% (delays 10-K, co is still awaiting re-audit of FY06 results); MDU +2.1% (MDU Resources updates its 2009 capital expenditure budget at its natural gas and oil production business)...Companies trading lower in after hours in reaction to news: ENER -26.8% (Energy Conversion says third quarter and full fiscal year 2009 guidance is no longer applicable); AA -11.6% (Alcoa announces a series of operational and financial actions to significantly improve the Co's cost structure and liquidity; AA discloses detail about Q1 operations; says results will continue to be adversely affected by the global economic downturn); WYNN -4.6% (Wynn Resorts announced that it is commencing a public offering of 7,000,000 shares of its common stock); SHO -4.0% (Sunstone Hotel repurchases $64 mln of exchangeable notes at 47.4% of Par).

Earnings

Before: CSIQ, CRYP, FDS, GVHR, GS, HNR, RTLX, SIRI

After: AIR, ADBE, DRI, GES, TXCO

Events

CELG, MDT, BIIB, SQNM at Cowen and Company Healthcare Conf.

DMND, PVSW at B. Riley & Company Las Vegas Investor Conf.

LTM at Credit Suisse Group Retail Roundup

DD, STP, CVA, NLC at Jefferies Global Clean Technology

RRR at Barclay's High Yield Conf.

CBE, DRC, KBR at WJB Capital Houston Energy & Infrastructure Bus Tour

BKC, EAT, JACK, CPKI at JPMorgan Gaming, Lodging, Restaurant & Leisure Conf.

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2009 U.S. Economic Events & Analysis
 
Monthly Weekly Daily Today 8:44 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
Monday Mar 16

 
 

 

 

 

 

 

 

 
 

 

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

 

 
Redbook
[Bullet
8:55 AM ET

 
 

 

 

 
Current Account
[Bullet
8:30 AM ET

 

 
 

Weekly Bill Settlement

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

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

 

 

Daniel Tarullo Speaks
10:30 AM ET


 

 

 

 

 
Money Supply
[Bullet
4:30 PM ET
 

Quadruple Witching

Ben Bernanke Speaks
12:00 PM ET


 

Equity Settlement
3-19-09
Equity Settlement
3-20-09
Equity Settlement
3-23-09
Equity Settlement
3-24-09
Equity Settlement
3-25-09

 

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)