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EQUITY LETTER

THURSDAY MAY 28  2009

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Economic  
08:30 Durable Goods Orders (Apr.): 0.5% cons.
08:30 Durables Ex.-Transport (Apr.): -0.3% cons.
08:30 Initial Claims: 631K prior
10:00 New Home Sales (Apr.): 363K cons.
11:00 Crude Inventories: -2.10M prior

TOP FINANCIAL NEWS

Report: Pequot Capital hedge fund to liquidate

BUSINESS NEWS

After Hours Summary
 AFL +2.2% (AFLAC CEO says don't anticipate raising new capital -- DJ)

Companies trading lower in after hours in reaction to earnings
 BCSI -10.0%; TIVO -4.0%... 
Companies trading higher in after hours in reaction to news
: AFL +2.2% (AFLAC CEO says don't anticipate raising new capital -- DJ)... 
Companies trading lower in after hours in reaction to news
: TEX -4.4% (Terex announced that it is seeking ~$600 mln in new financing); LEAP -1.3% (announced that it intends to offer and sell 6.1 mln shares of its common stock in an underwritten public offering; announces proposed private placement of ~$1.1 bln in senior secured notes).

Earnings

Before: ACAT, BIG, COST, FRED, FREE, GCO, HNZ, MENT, MNRO, MOV, PERY, SAFM, SCVL, SCMR, TSL

After: DELL, ESL, JCG, MRVL, NOVL, OVTI, SGK, SINA, WTSLA

Events 

DD, MCD, EBAY, GLW at Sanford C. Bernstein & Co. Strategic Decisions Conf.

APC, DK, D, DVN at Deutsche Bank Securities Energy & Utilities Conf.

CY, PLCM, DIVX, MVL at Cowen and Company Technology Media & Telecom Conf.

MOT, BRCM, VZ, TXN at Barclay's Capital Wireline and Wireless Conf.

HD Shareholders Meeting

ADVS, MORN at New York Society of Security Analysts Tools of the Trade: New Technologies Conf.

CSCO, IBM, RAX, SVVS at Morgan Stanley Cloud Computing Symposium

AMZN shareholders Meeting

COMV, AVAV at Infocast Opportunities in Grid-Connected Mobility Conf.

KFT, HOQ, WMT, ENDP at AMR Research Supply Chain Executive Conf.

TGT Annual Shareholders Meeting

FED: Fed's Fisher; $26 bln 7-yr Treasury Note Auction

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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)