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TUESDAY JUNE 2  2009

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Economic
10:00 Pending Home Sales (Apr.): 3.2% prior
14:00 Auto Sales (May): 3.2M prior
14:00 Truck Sales (May): 3.8M prior

TOP FINANCIAL NEWS

EMC EMC offers $30 CASH  for Data Domain DDUP

BUSINESS NEWS
After Hours Summary
ALTR -2.1% (reaffirms its prior revenue guidance for Q2 sales to be up); DV +5.3% (GM's place in the S&P 500 will be taken by DV)

Companies trading lower in after hours in reaction to earnings: AINV -4.0%... 
Companies trading higher in after hours in reaction to news
: DDUP +16.6% (EMC proposes to acquire Data Domain for $30/share in cash; this follows NTAP's $25/share stock and cash bid from 5/20); DV +5.3% (GM's place in the S&P 500 will be taken by S&P MidCap 400 constituent DeVry Inc. (DV)); JPM +1.1% (confirms it will raise $5 bln in common equity to satisfy a supervisory condition for TARP repayment... 
Companies trading lower in after hours in reaction to news
: DCT -6.0% (announces commencement of public offering of 22.5 mln shares of common stock); ICON -4.9% (announces follow-on equity offering of 9.2 mln shares and selling stockholders will offer 800,000 shares); CBL -3.6% (says data relating to GSK-923295 are "encouraging"), HIW -2.6% (completes common stock offering, lowers FY09 FFO guidance); ALTR -2.1% (reaffirms its prior revenue guidance for second quarter sales to be up 2-7% sequentially; current First Call consensus is for a 5% increase); WOR -1.6% (to acquire Piper Metal Forming Corp; transaction is expected to be modestly accretive in the first year).

Earnings

Before: DAKT, HGG, LAYN, NOOF, TK, UNFI

After: APSG, BOBEM HOV, LULU, MIND, SNDA, NCTY, PAY, VIMC

Events 

WERN, HWK, KMT, OSK at KeyBanc Capital Markets Industrial, Automotive & Transportation Conf.

CAH Annual Analyst and Investor Day

JACK, CAKE, BKC, WEN at Goldman Sachs Lodging, Gaming, Restaurant & Leisure Conf.

THC Investor Day

NXY, BHI, GDP, LNG at RBC Capital Markets Global Energy & Power Conf.

GPI, DF, TSN, SAFM at Stephens Spring Investment Conf.

EIG, HCC, AGII, NAVG at Oppenheimer & Co. Insurance CEO Summit; MDT Institutional Investor & Analyst Meeting

STR Semi-annual Equity Analyst Meetings

CNQR Credit Suisse Group London Oil and Gas Conf.

APC RBC Capital Markets Canadian REIT Issuers Conf.

TXN, SUPX, GLW, IMMR at SID/Cowen and Company Display Week Investor Conf.

CSCO, PMCS, VZ, CVX at Primary Global Research Technology Investment: Primary Global Perspectives Conf.

CHK at Hart Energy Energy Capital Conf.

INFA Financial Analyst Meeting and Executive Briefing

FED: Fed's Fisher; Geithner Visits China; $26 bln 1-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
Monday Jun 1

 
 

 

 

 
ISM Mfg Index
[Report][Star]
10:00 AM ET

 

 

 

 
 

 

 
Redbook
[Bullet
8:55 AM ET

 

 

 
 

 

 

 

 
Factory Orders
[Report][Bullet
10:00 AM ET

 

 
 

Weekly Bill Settlement

 

 

William Dudley Speaks
 


 

 

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

 

 

 

 

 

 

 

 

 

 
Money Supply
[Bullet
4:30 PM ET
 

 
   
Equity Settlement
6-4-09
Equity Settlement
6-5-09
Equity Settlement
6-8-09
Equity Settlement
6-9-09
Equity Settlement
6-10-09

 

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)