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EQUITY LETTER

WEDNESDAY JUNE 24  2009

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Economic
08:30 Durable Orders (May): -0.9% cons.
08:30 Durable Orders Ex.-Transportation (May): -0.5% cons.
10:00 New Home Sales (May): 360K cons.
10:30 Crude Inventories: -3.87M prior
14:15 FOMC Rate Decision

TOP FINANCIAL NEWS

PetSmart board ups dividend, OKs $350 mln buyback

BUSINESS NEWS

After Hours Summary
 ORCL +2.8% on earnings/guidance; MGM +8.4% (MGM Mirage discloses that its auditor removes "going concern" language)
Companies trading higher in after hours in reaction to earnings
 SONC +4.6%; ORCL +2.8%... 
Companies trading lower in after hours in reaction to earnings
JBL -3.5%; DRI -3.4%... 
Companies trading higher in after hours in reaction to news: PRGN +8.5% (announces a new charter and extensions to existing charters); MGM +8.4% (MGM Mirage discloses that its auditor removes "going concern" language); PETM +7.6% (boosts quarterly dividend to $0.10 from $0.03; Board also authorizes $350 mln stock purchase plan -- DJ).

Earnings 

Before: AM, MON, RAD 

After: COMS, BBBY, CKR, MLHR, NKE, PAYX, RHT, XRTX

Events

FSLR Analyst/Investor Meeting

ALL, FDX, ITW, EPD, at Wachovia Annual Mid Year Equity Conf.

BX, MQG, at International Quality & Productivity Center Infrastructure Investing Summit

ANR, CNX, MEE, BTU, at The McCloskey Group Coal USA Conf.

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2009 U.S. Economic Events & Analysis
Monthly Weekly Daily Today 9:14 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
Monday Jun 22

 
 

 

 

 
 

 

 

 
Redbook
[Bullet
8:55 AM ET

 

 

 

 
 

 

 

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

 

 

 
 

Weekly Bill Settlement

 
GDP
[Report][Star]
8:30 AM ET

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

 

 

 

 

 

 

 
Money Supply
[Bullet
4:30 PM ET
 

 

 
 
Equity Settlement
6-25-09
Equity Settlement
6-26-09
Equity Settlement
6-29-09
Equity Settlement
6-30-09
Equity Settlement
7-1-09

 

 

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)