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FirstAlert: 10-11:30 A.M. Investrend / Bestcalls
(InvesTrend Via Acquire Media NewsEdge)
July 21, 2008 (Financial Wire) Conference calls scheduled at 10 to
11:30 a.m. on Investrend Broadcast via partner BestCalls include RPM
International Inc. (NYSE: RPM), Astec Industries Inc. (NASDAQ: ASTE),
Albemarle Corporation (NYSE: ALB), Badger Meter Inc., (AMEX: BMI),
UnionBanCal Corporation (NYSE: UB).
Conference calls are often impacted by market trends, geopolitical
conditions, news coming from conferences and economic releases.
(By Genevieve Hawkins) Wall Street finally broke out of its doldrums
last week as oil fell off of its record highs and earnings reports came
in slightly better than expected. Despite bad numbers with the slowing
economy the Dow surged 3.57%, while the S&P rose 1.95% and the Nasdaq
increased 1.71%. Many investors are likely hoping that the snapping of
the five week long market losing streak is the first sign of a possible
upturn, but there are too many headwinds and too much that hasn t
turned positive to expect a long rally. Earnings season is in full
swing, and traders will likely be watching results from Bank of
America, Yahoo, and American Express in the coming week. Investors will
also be digesting data about existing home sales, new home sales, and
the Federal Reserve s beige book. Ultimately, however, more may depend
on the direction of crude oil, as another drop almost guarantees a
brief rally, while a return to record highs could lead to more sell
offs regardless of other numbers. Stocks may surge forward provided the
data and the prices aren t horrific, even if the rally proves
short-lived
The Investrend Earnings Calendar features Albemarle Corporation (NYSE:
ALB), expected at $0.65; America Movil, S.A. de C.V. (NYSE: AMX),
expected at $0.86; American Express Company (NYSE: AXP), expected at
$0.83; AMETEK Inc. (NYSE: AME), expected at $0.57.
The Investrend Events Calendar showcases NGG,SRE at American Gas
Association Annual Legal Forum; SOCMA Chemical Sector Security Summit.
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 28 advancers
versus 21 decliners and one unchanged. Advancers were led by Fannie Mae
(NYSE: FNM) up 22.60%, Washington Mutual (NYSE: WM) up 18.64%, Barr
Pharma Inc (NYSE: BRL) up 10.95%, Freddie Mac (NYSE: FRE) up 10.20%,
Sirius Satellite R (NASDAQ: SIRI) up 8.57%, Citigroup Inc (NYSE: C) up
7.68%, Ual Corp New (NASDAQ: UAUA) up 7.50%. Decliners followed Adv
Micro Devices (NYSE: AMD) down 12.26%, Huntington Bcshs (NASDAQ: HBAN)
down 11.90%, Gilead Sciences (NASDAQ: GILD) down 10.60%, Microsoft Cp
(NASDAQ: MSFT) down 6.03%.
Vote in the Investrend Poll Question of the Day at Investrend
Information (http://www.investrendinformation.com).
Investrend Website of the Day: http://asphalteden.com/
Quote of the Day: "Always do sober what you said you'd do drunk. That
will teach you to keep your mouth shut." Ernest Hemingway
Today is: Martyrs Day in Bolivia, Liberation Day in Guam.
Happy Birthday: Jean Picard, Ernest Hemingway, Isaac Stern, Don Knotts,
Janet Reno, Garry Trudeau, Robin Williams, Jon Lovitz, Josh Hartnett.
Today in History: In the market square of Springfield, Missouri, in
1865, Wild Bill Hickok shot Dave Tutt dead in what is regarded as the
first true western showdown. At Adair, Iowa, in 1873, Jesse James and
the James-Younger gang pulled off the first successful train robbery in
the American West. CBS's New York City station began broadcasting the
first regular seven days a week television schedule in the U.S. in
1931. Neil A. Armstrong and Edwin "Buzz" Aldrin became in 1969 the
first men to walk on the Moon. The world's lowest temperature was
recorded in 1983 at Vostok Station, Antarctica at ?89.2 C
(?129 F). In Jackson, Michigan, in 1984, a factory robot crushed
a worker against a safety bar in apparently the first robot-related
death in the United States. The fully restored USS Constitution (aka
"Old Ironsides") celebrated her 200th birthday by setting sail in 1997
for the first time in 116 years.
[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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