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EQUITY LETTER

WEDNESDAY MAY 27  2009

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Economic
10:00 Existing Home Sales (Apr.): 4.65M cons.

TOP FINANCIAL NEWS

Japan trade surplus down 85 percent in April

BUSINESS NEWS

After Hours Summary
 HIW -5.7% (commences public offering of 5.8 mln shares of common stock)
Companies trading higher in after hours in reaction to news
: CREE +9.4% (upside guidance for Q4)... 
Companies trading lower in after hours in reaction to news
: HIW -5.7% (commences public offering of 5.8 mln shares of common stock); ATI -4.8% (announces proposed concurrent senior notes and convertible notes offerings); RWT -4.6% (announces 13 mln share common stock offering); ADS -2.6% (announces proposed offering of $300 mln convertible senior notes).

Earnings

Before: AEO, AZO, BWS, CHRS, CHS, CSUN, CBRL, DLTR, DSW, FLO, HOKU, RL, ROLL, SPLS, SYNO, ZLC

After: AFCE, BCSI, CWTR, DMND, HEI, JAS, NZ, SIGM, TIVO

Events

CSCO, CA, JNPR, MU at Cowen and Company Technology Media & Telecom Conf.

CY, CSCO, ENTR, TKLC at Barclay's Capital Wireline and Wireless Conf.

ESRX Shareholders Meeting

XOM Annual Shareholders Meeting

MCD Corporation Shareholders Meeting

HOC, HEP, PXD, DNR at WJB Capital Group Dallas Energy Bus Tour

TSO, BHI, DYN, SII at Deutsche Bank Securities Energy & Utilities Conf.

CVX Shareholders Meeting

HIG 2009 Annual Shareholders Meeting

FED: $35 bln 5-yr Treasury Note Auction

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MEMORIAL 9 11

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2009 U.S. Economic Events & Analysis
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 25

US Holiday: Memorial Day

All Markets Closed
 
 

 
 

 

 

 

 

 

 
 

 

 

 
Redbook
[Bullet
8:55 AM ET

 

 

 

 
 

Weekly Bill Settlement

 

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

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

 

 

 

 

 

 
Money Supply
[Bullet
4:30 PM ET

Richard Fisher Speaks
5:45 PM ET


 


 
GDP
[Report][Star]
8:30 AM ET

 

 
Chicago PMI
[Report][Bullet
9:45 AM ET

 

 
Farm Prices
[Bullet
3:00 PM ET
 
  Equity Settlement
5-29-09
Equity Settlement
6-1-09
Equity Settlement
6-2-09
Equity Settlement
6-3-09

 

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)