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EQUITY LETTER

  TUESDAY  JANUARY 12  2010

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Economic
08:30 Trade Balance (Nov.): -$34.5B cons.

TOP FINANCIAL NEWS

Alcoa Q4 Revs Top Ests; Turns Cash Flow Positive; EPS Light

Chrysler Expects to Start Hiring

 Obama to target banks with new levy

BUSINESS NEWS

ZBRA Zareba Systems announces merger agreement with Woodstream Corp; ZRBA shareholders to receive $9.00 cash per share

YRCW YRC Worldwide: S&P raises ratings on YRC Worldwide to 'CCC-' from 'SD'

After Hours Summary
 AA -5.3% on Earnings

Companies trading higher in after hours in reaction to
earnings
: AA- 5.3%... 

Companies trading higher in after hours in reaction to news: ELX +7.7% (sees Q2 EPS of $0.16-0.17 vs $0.12 First Call consensus; revs of $107-108 mln vs $90.68 mln First Call consensus); YRCW +2.2% (S&P raises ratings on YRC Worldwide to 'CCC-' from 'SD'); GME +1.7% (announces capital allocation strategy including $300 mln share repurchase program)... 
Companies trading lower in after hours in reaction to news
: KFN -10.2% (announces a $125 mln convertible sr notes offering); ERTS -7.9% (lowers guidance); CRM -4.6% (announces a $500 mln convertible sr notes offering); CVX +0.9% (reported in its interim update that earnings for Q4 2009 are expected to be lower than in Q3 2009 

Earnings

Before: GAP, INFY, KBH, SVU

After: EXFO, FUL, LLTC, XRTX

Events

PCS Analyst Day
FED:$40 bln 3-year Treasury Notes Auction and $26 bln 1-year Notes Auction
Fed's Fisher and Plosser speak on
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Monthly Weekly Daily Today 7:19 PM ET << 2009
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 Jan 11

 
 

 

 

 

Dennis Lockhart Speaks
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8:55 AM ET

 

 

 

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Charles Evans Speaks
12:30 PM ET


 

 
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Weekly Bill Settlement

 

 
Retail Sales
[Report][Star]
8:30 AM ET

 
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[Report][djStar]
8:30 AM ET

 

 
RBC CASH Index
[Bullet
9:00 AM ET

 

 

 

 

 

 
Money Supply
[Bullet
4:30 PM ET
 

10-Yr Note Settlement

30-Yr Bond Settlement

 

 

 

 
 
Equity Settlement
1-14-10
Equity Settlement
1-15-10
Equity Settlement
1-19-10
Equity Settlement
1-20-10
Equity Settlement
1-21-10

 

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)