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Economic
10:00
Existing Home Sales (Feb.): 5.00M cons.
10:00 FHFA
Home Price Index (Jan.): -0.9% cons.
TOP FINANCIAL NEWS
Barron's take
How to Play ObamaCare
Dow Logs Ninth Gain in 10 Days
BUSINESS
NEWS
After Hours Summary
MEE -3.9% (announces offering of 8.5 mln shares common stock), ISSI
+14.3% (raises guidance), WEN +2.5% (Increase stock repurchase
authorization
Companies trading lower in after hours in reaction to earnings
MPG -10.1%...
Companies trading higher in after hours in reaction to news:
ISSI +14.3% (raises Q2 EPS and revs
guidance, above current consensus), WEN
+2.5% (announces increase in stock repurchase authorization by $50 mln
to a total of $250 mln), GGP +1.5% (pops $0.30 with Bloomberg
reporting that Elliott, Paulson are considering investment in the
co)...
Companies trading lower in after hours in reaction to news:
MEE -3.9% (announces offering of 8.5
mln shares common stock), NLY +2.5% (declared the first quarter
2010 common stock cash dividend of $0.65 per common share, down from
$0.75 prior dividend), ARIA -3.1% (Ariad Pharm and its
co-plaintiffs announced that the U.S. Court of Appeals for the Federal
Circuit has ruled in favor of LLY following an en banc rehearing last
December), LINE -1.4% (announces acquisition of Antrim Shale
Properties in Michigan for $330 mln, public offering of units and
amended five-year $1.5 bln credit facility; announces private offering
of senior Notes of $500 mln). SOMX -2.3% (announces a 4 mln share
common stock offering
Earnings
Before:
CCL, FUQI, KBH,
SCS, WAG
After:
ADBE, DRI, JBL,
PRGS, SONC
Events
RMBS Analyst Day
CAH, CVS, MGLN,
MD at Barclays
Capital Global
Healthcare Conf.
FED:
Fed's Plosser,
Fed's Yellen


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