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EQUITY LETTER

TUESDAY MAY 19  2009

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Economic
08:30 Building Permits (Apr.): 530K cons.
08:30 Housing Starts (Apr.): 527K cons.

TOP FINANCIAL NEWS

BUSINESS NEWS

After Hours Summary
 APP -21.2% on earnings/guidance; MXB -10.4% on MS announcement of offering for its remaining ownership interest
Companies trading lower in after hours in reaction to earnings
APP
-21.2%...
Companies trading lower in after hours in reaction to news: MXB -10.4% (Morgan Stanley (MS) announces public offering of its remaining ownership interest in MSCI), and IVZ -6.6% (announces $400 mln common stock offering).

Earnings

Before: DKS, EJ, GIGM, HD, JASO, MDT, SKS, SOLF, TJX, VOD

After: ADI, DY, HPQ, PVH, NCTY

Events

A, CELG, GOLD, HUM at Deutsche Bank Healthcare Conf.

ABB, TXT, TNB, UTX at The Electrical Products Group Spring Conf.

CREE, AMT, COGT, ESLR at JPMorgan Global Technology, Media and Telecom Conf.

WERN, ABFS, CNW, FWRD at Wolfe Research Global Transportation Conf.

CAST, COCO, HOGS, BJGP at Oppenheimer China Dragon Call Conf.

BAS, HAL, CVX, FTI at UBS Oil & Gas Conf.

MO Shareholders Meeting

OREX, CTIC, PARD, BPAX at Biotechnology Industry Organization International Convention

JPM Annual Meeting of Shareholders

PFG Annual Meeting of Shareholders

WSM, BKD, RAX, FACT JMP Securities LLC Research Conf.

ALL Shareholders Meeting

FED: Fed's Stern

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MEMORIAL 9 11

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2009 U.S. Economic Events & Analysis
Monthly Weekly Daily Today 6:57 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 May 18

 
 

 

 

 

 
 

 

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

 
Redbook
[Bullet
8:55 AM ET

 

 

Gary Stern Speaks
1:15 PM ET


 


 

 

 
FOMC Minutes
[Bullet
2:00 PM ET

Charles Plosser Speaks
7:00 PM ET


 


Weekly Bill Settlement

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

 

 

 

 

 

 

 

 

 
Money Supply
[Bullet
4:30 PM ET

Charles Plosser Speaks
7:00 PM ET


 


SIFMA Rec. Early Close 2:00 ET
 
Equity Settlement
5-21-09
Equity Settlement
5-22-09
Equity Settlement
5-26-09
Equity Settlement
5-27-09
Equity Settlement
5-28-09

 

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)