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FirstAlert: 11-11:30 A.M. Investrend / Bestcalls
(InvesTrend Via Acquire Media NewsEdge)
July 30, 2008 (Financial Wire) Conference calls scheduled at 11 to
11:30 a.m. on Investrend Broadcast via partner BestCalls include
America Service Group Inc. (NASDAQ: ASGR), Bel Fuse Inc. (NASDAQ:
BELFB), OfficeMax Incorporated (NYSE: OMX), BRE Properties Inc. (NYSE:
BRE), Buckeye Partners L.P. (NYSE: BPL), Corporate Office Properties Tr
(NYSE: OFC), Cox Radio Inc. (NYSE: CXR), CTS Corporation (NYSE: CTS),
Entertainment Properties Trust (NYSE: EPR), FARO Technologies Inc.
(NASDAQ: FARO), Highwoods Properties Inc. (NYSE: HIW), Littelfuse Inc.
(NASDAQ: LFUS), Meredith Corporation (NYSE: MDP), Overseas Shipholding
Group Inc (NYSE: OSG), Owens Corning (NYSE: OC), Ramco-Gershenson
Properties Tr (NYSE: RPT), Sealed Air Corp. (NYSE: SEE), Health Grades
Inc. (NASDAQ: HGRD), United Rentals Inc. (NYSE: URI), The Timken
Company (NYSE: TKR), IAC/InterActiveCorp (NASDAQ: IACI), L-1 Identity
Solutions Inc. (NYSE: ID), Bio-Imaging Technologies Inc. (NASDAQ:
BITI), Granite City Food & Brewery Lt (NASDAQ: GCFB), Garmin Ltd.
(NASDAQ: GRMN), Allergan Inc. (NYSE: AGN), Huntsman Corporation (NYSE:
HUN), Rockwood Holdings Inc. (NYSE: ROC), Buckeye GP Holdings L.P.
(NYSE: BGH), Javo Beverage Company Inc., (OTCBB: JAVO),Digital Ally
Inc. (NASDAQ: DGLY),Apria Healthcare Group Inc. (NYSE: AHG),
Ambassadors International Inc (NASDAQ: AMIE), First M & F Corporation
(NASDAQ: FMFC), Moody's Corporation (NYSE: MCO).
Conference calls are often impacted by market trends, geopolitical
conditions, news coming from conferences and economic releases.
(By Dr. Joe Duarte) The S&P 500 continued to play cat and mouse with
the increasingly important 1260 level, using the chart point as a
spring from which to whipsaw bulls and bears on a daily basis. But you
wonder if anything was actually accomplished other than a whole bunch
of trading got done. If you re one of those that thinks that the
markets can sort things out better than the politicians, you're
probably right, at least eventually. The problem is that for now it
doesn't seem as if traders have any better ideas than those in
Washington, which is why we keep getting these crazy swings on news and
the action in other markets, bonds, currencies, and especially oil. So
we decided to look at the mainstream arguments for why things are the
way they are in the markets, and then compare them to what the charts
are saying. Let's go around the horn here, starting with the S&P 500.
This index is as good a picture of the U.S. stock market as any. And as
we've noted ad nauseum lately, the key to success is what happens at
1260. Well, we re back above 1260, at least for one day. This one goes
to no one as nothing was accomplished. Next we have inflation due to
the price of oil and commodities. And there's high demand in China for
everything. And there are food riots in the street in what was once
called the Third World. You bet. But gold has stalled, with the $1000
area laughing at traders who've barely hit it once in the last few
months. That's one for the confused. So we move on to oil. Peak oil is
in full swing. There aren't enough refineries. Iran is saber rattling.
Putin is kicking out foreign oil companies from Russia. Chavez is
buying an arsenal from Putin. And the envelope...please...Wow!! Oil is
still off 16% off its highs, according to some because some guys in
Oklahoma were playing games with derivatives. That's one for the where
did that come from crowd. OK, but global demand for raw materials will
continue until the end of time because the developing countries can't
be stopped, and China is the little red engine who could, and India is
a juggernaut. But the price of copper is floundering. That's one for
the denial crowd. And if the world is going into recession, then why is
the U.S. Ten Year Note yield not falling off a cliff? That's one for
the smart money is short bonds crowd. In other words, this market,
the whole thing, stocks, commodities, bonds, gold, and industrial
minerals is saying many things, which really amount to one thing: no
one really knows what the heck is going on, and that usually means that
there s more trouble ahead. When intermarket analysis leaves you more
confused than when you started, you're in big trouble, as it means that
money can't decide where to go. And that means more volatility, more
whipsaws, and more blood letting from your portfolio if you're not
careful and nimble. So, the most sensible place for your money and
ours, at this point is in cash, which is where much of our portfolios
will have you if you note the very few picks in each section. It's
still about the return of, not on, your money.
The Investrend Earnings Calendar features Akamai Tech (NASDAQ: AKAM),
expected at $0.41; Applied Micro Circuits (NASDAQ: AMCC), expected at
$0.11; Avista Corp. (NYSE: AVA), expected at $0.43; Bare Escentuals
(NASDAQ: BARE), expected at $0.25.
The Investrend Events Calendar showcases PMBC, FTBK, LKFN, OFG, CACB,
CLFC at Keefe, Bruyette & Woods, Inc. Community Bank Investor
Conference.
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 47 advancers
versus three decliners. Advancers were led by Ual Corp New (NASDAQ:
UAUA) up 21.40%, A M R Cp (NYSE: AMR) up 18.50%, Wachovia Cp (NYSE: WB)
up 15.19%, Bk Of America Cp (NYSE: BAC) up 14.83%, Fannie Mae (NYSE:
FNM) up 12.51%, Washington Mutual (NYSE: WM) up 12.44%, Lehman Bros Hld
(NYSE: LEH) up 10.54%, Fifth Third Bncp (NASDAQ: FITB) up 9.58%,
Freddie Mac (NYSE: FRE) up 9.07%, Wells Fargo & Co New (NYSE: WFC) up
9.06%, Level 3 Comm Inc (NASDAQ: LVLT) up 8.28%, Jp Morgan Chase Co
(NYSE: JPM) up 8.20%, Ml Co Cmn Stk (NYSE: MER) up 7.89%, Amer Intl
Group Inc (NYSE: AIG) up 7.89%, Us Bancorp (NYSE: USB) up 7.79%,
E*Trade Finl Corp (NASDAQ: ETFC) up 6.62%, Motorola Inc (NYSE: MOT) up
6.07%. Decliners followed Sirius Satellite R (NASDAQ: SIRI) down 15.96%.
Vote in the Investrend Poll Question of the Day at Investrend
Information (http://www.investrendinformation.com).
Investrend Website of the Day:
http://www.museum.tv/archives/etv/D/htmlD/disneywalt/disneywalt.htm
Quote of the Day: "The key to being a good manager is keeping the
people who hate me away from those who are still undecided." Casey
Stengel
Today is: Independence Day in Vanuatu, National Cheesecake Day.
Happy Birthday: Emily Bront , Henry Ford, Sid Krofft, Casey Stengel,
Bud Selig, Buddy Guy, Peter Bogdanovich, Paul Anka, Arnold
Schwarzenegger, Delta Burke, Laurence Fishburne, Lisa Kudrow, Vivica A.
Fox, Tom Green, Hilary Swank, Jaime Pressly.
Today in History: Christopher Columbus landed in 1502 at Guanaja in the
Bay Islands off the coast of Honduras during his fourth voyage. At
Ticonderoga (now Crown Point, New York) in 1608, Samuel de Champlain
shot and killed two Iroquois chiefs, setting the tone for
French-Iroquois relations for the next one hundred years. Baltimore,
Maryland was founded in 1729. Walt Disney's Flowers and Trees, the
first Academy Award winning cartoon and first cartoon short to use
Technicolor, premiered in 1932. Jimmy Hoffa disappeared in 1975 from
the parking lot of the Machus Red Fox restaurant in Bloomfield Hills,
Michigan, a suburb of Detroit, at about 2:30 p.m., never to be seen or
heard from again.
[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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