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FirstAlert: 10-10:30 A.M. Investrend / Bestcalls
(InvesTrend Via Acquire Media NewsEdge)
September 8, 2008 (Financial Wire) -- Conference calls scheduled at 10
to 10:30 a.m. on Investrend Broadcast via partner BestCalls include
Hi-Tech Pharmacal Co. (NASDAQ: HITK), Radian Group Inc. (NYSE: RDN),
BioMarin Pharmaceutical Inc. (NASDAQ: BMRN), Baldwin Technology Co.,
(AMEX: BLD).
Conference calls are often impacted by market trends, geopolitical
conditions, news coming from conferences and economic releases.
(By Genevieve Hawkins) Stocks were led down last week by Thursday s 300
point drop, and with mortgage giants Fannie Mae and Freddie Mac under
government control the markets are standing on a ledge staring into a
bottomless pit. The coming several sessions are likely to contain so
much news, coming from so many directions from the impact of the
Fannie/Freddie takeover, to the reaction from overseas markets, to the
impact of Hurricane Ike and the price of crude oil that it is almost
impossible to determine what force is going to dominate. Regardless of
the cover story, none of the news looks good. Last week a slump in
crude oil and an increase in unemployment led the Dow down 2.79%, while
the Nasdaq dropped 4.72% and the S&P 500 dipped 3.16%. For the coming
week economic reports of interest include those on August retail sales
and consumer confidence on Friday, but these may be easily overshadowed
by the barrage of other news. And all of this continues to compete with
non-stop election coverage. Too many forces seem to be conspiring
against the markets in the coming weeks, and it might be a good time to
sell and rethink positions. Barring heroic measures, a drop looks less
like a question of if but when.
The Investrend Earnings Calendar features C&D Technologies (NYSE: CHP),
expected at $0.06; Finisar (NASDAQ: FNSR), expected at $0.03; K12
(NYSE: LRN), expected at $-0.05; Mitcham Industries (NASDAQ: MIND),
expected at $0.23.
The Investrend Economics Calendar lists Treasury announces 10-year note
auction (11 a.m.), Treasury auctions 3- and 6-month bills (1 p.m.),
Consumer Credit for July (3 p.m.).
The Investrend Events Calendar showcases CATY, GLG, ZION, FSR, RNR,
WABC at Lehman Brothers Global Finance Services Conference; CELG, CYPB,
ACOR, BMRN, ALTH, CGRB at Citigroup Biotech Unplugged Conf; CTIB, TBUS,
BLD, BNE at Wall Street Analyst Forum; LSTR, ABFS, YRCW, JBHT, ODFL,
CNW at Wachovia First Union Transportation and Packaging Conf; NAK,
PAL, AZK, WGI, ANV, VGZ at Denver Gold Forum; SSD, SYNO, CCMP, TSRA,
ROL, ACET at Sidoti & Company Healthcare Conf.
The Investrend Money Index is an indicator of the depth of market
direction or indirection. While not always including the same stocks,
the NYSE/NASDAQ 50 Most Actives indicate the direction in which the
mass of money is flowing. Last session's trading showed 30 advancers
versus 20 decliners. Advancers were led by Sandisk Cp (NASDAQ: SNDK) up
31.05%, U S T Inc (NYSE: UST) up 25.09%, Fannie Mae (NYSE: FNM) up
9.66%, Wachovia Cp (NYSE: WB) up 7.86%, Lehman Bros Hld (NYSE: LEH) up
6.79%. Decliners followed Nokia Cp Ads (NYSE: NOK) down 7.58%, RF Micro
Devices (NASDAQ: RFMD) down 6.74%.
Vote in the Investrend Poll Question of the Day at Investrend
Information (http://www.investrendinformation.com).
Investrend Website of the Day: http://www.reading.org/
Quote of the Day: "Age is something that doesn't matter, unless you are
a cheese." Billie Burke
Today is: Literacy Day.
Happy Birthday: Anton n Dvo k, Jimmie Rodgers, Sid Caesar, Peter
Sellers, Patsy Cline, Ron Pigpen McKernan, Brooke Burke, Pink, Jonathan
Taylor Thomas.
Today in History: Michelangelo's David was unveiled in Florence in
1504. A vote of the Great and General Court of the Massachusetts Bay
Colony in 1636 established what would come to be known as Harvard
University. A powerful hurricane hits Galveston, Texas, in 1900,
killing about 8,000 people. "The Man Trap, the first episode of the
science fiction television series Star Trek aired in 1966.
[FirstAlert was created by Gayle Essary, founder of Investrend
Communications, Inc., parent of Investrend Information
(http://www.investrendinformation.com). The opinions expressed in
FirstAlert do not necessarily reflect the opinions of Investrend.]
FinancialWire is a fully independent, proprietary news wire service of
Investrend Information (a division of Investrend Communications, Inc.).
FinancialWire news is written by professional journalists, dedicated
to pure journalistic standards. FinancialWire does not receive or
accept any compensation from any individual or subject company (or
representative thereof) for its news or opinions. All FinancialWire
news is available at http://www.financialwire.net . Please address any
inquiries to feedback@financialwire.net .
Free annual reports for companies mentioned in the news are available
at http://investrend.ar.wilink.com/?level=279 .
(Distributed for Investrend Communications, Inc. via M2 Communications
Ltd (www.m2.com))
Copyright ? 2008 M2 Communications Ltd.
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