|
FirstAlert: 11 A.M.-2:55 P.M. Investrend / Bestcalls
(InvesTrend Via Thomson Dialog NewsEdge)
December 11, 2007 (Financial Wire) Conference calls scheduled at 11
a.m. to 2:55 p.m. on Investrend Broadcast via partner BestCalls include
WellPoint Health Networks Inc. (NYSE: WLP), Agilent Technologies Inc.
(NYSE: A), The Gymboree Corporation (NASDAQ: GYMB), Endeavour Silver
Corp. CAN, (AMEX: EXK), Fannie Mae (NYSE: FNM), EntreMed Inc. (NASDAQ:
ENMD), DSW Inc. (NYSE: DSW), Hollis-Eden Pharmaceuticals In (NASDAQ:
HEPH).
Conference calls are often impacted by market trends, geopolitical
conditions, news coming from conferences and economic releases.
(By Philip Holmes) Expectations of a pending Fed rate cut had the
Street spending on Monday, pushing stocks up and creating a spirit of
holiday cheer. But will the rate cuts give the economy the boost it
needs? Some pundits aren t so sure and a couple of big banks let us
know us in on plans for a red Christmas. Will the Fed cut its benchmark
rate by 50 basis points? Last week s better-then-expected jobs data put
the issue in doubt. Most savvy Streeters expected at least a 25 basis
point cut, with many believing that Bernanke would hit the larger
number on December 11, with further easing still to come. But will the
cuts be enough to keep the U.S. economy out of recession? Business Week
s Peter Coy isn t so sure. He cites a 2003 report by St. Louis Fed
economist Jeremy Piger, showing that it s much harder for the Fed to
stimulate growth through rate cuts than it is to slow the economy down
with rate hikes. As if to amplify the underscore facing him, Bernanke
got some more bad news from the banks on Monday. UBS said it would need
to write down another $10 billion of assets associated with U.S.
subprime mortgages. The Swiss firm also forecast a net Q4 loss. The
bank further warned that it may post an overall loss for 2007. However,
UBS did find succor in Singapore-based GIC and a mysterious Middle
Eastern investor, who bought an $11.5 billion stake in the firm.
Washington Mutual is having even bigger problems. It slashed its
dividend by 73% and plans to close 190 offices and lay off 3,000
workers in an effort to stem losses from failing loans. The
Seattle-based S&L also said it would set aside as much as $1.6 billion
for Q4 loan losses. If the banks are any indication, it looks like the
economy will have some fast paddling to do no matter what Bernanke and
Co. do with rates on Tuesday.
The Investrend Earnings Calendar features NCI Building Systems (NYSE:
NCS), expected at $1.59 a year ago versus $1.33, The Cooper Cos. (NYSE:
COO), expected at $0.68 versus $0.61, The Kroger Co. (NYSE: KR),
expected at $0.35 versus $0.3. The market will also be watching the
Investrend Money Index Most Actives
The Investrend Events Calendar showcases Corporate Forum / Investrend
luncheon presentation by JumpTV in Boston, Mass., AMP, AFL, FRE, ALL,
BLK at Goldman Sachs Financial Services Conference, BLOG, DBTK, NAVI at
CIBC World Markets Virtualization 1-on-1 Conference, DMRC, LCRD, SYS at
HOMELAND SECURITY Investor Conference, DRRX, QGLY, BPAX, ENMD, HSKA at
New York Society of Security Analysts Biotech/Specialty Pharma
Conference, ERI at GreenXchange Global Marketplace Conference, GYMB,
POOL, DSW, FRED, JAKK, WPTE at Wedbush Morgan Securities California
Dreamin' Conference, INSM, MNTA, PFE, ESRX at IBC Life Sciences- Global
Follow-On Biologics Conference, MSFT, CSCO, DC, EPHC, ALU at Government
Technology Massachusetts Digital Government Summit, NYT at Jupitermedia
Corporation-WebVideo Summit Conference, QCOM, TXN, MQST at Dow Jones
Newswires Mobile Technology 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 36 advancers
versus 14 decliners. Advancers were led by Adams Respiratory Th
(NASDAQ: ARXT) up 35.76%, Mgi Pharma Inc (NASDAQ: MOGN) up 19.58%, M B
I A Inc (NYSE: MBI) up 13.17%, Ambac Finl Grp Inc (NYSE: ABK) up 9.61%,
Rite Aid Cp (NYSE: RAD) up 8.62%, Countrywide Fnl Cp (NYSE: CFC) up
8.41%, Millennium Pharm (NASDAQ: MLNM) up 6.10%. Decliners followed
Celgene Cp (NASDAQ: CELG) down 14.26%, Gemstar-Tv Guide (NASDAQ: GMST)
down 6.41%.
Vote in the Investrend Poll Question of the Day at Investrend
Information (http://www.investrendinformation.com).
Investrend Website of the Day:
http://www.elite.net/~runner/jennifers/thankyou.htm
Quote of the Day: "Time is a great teacher, but unfortunately it kills
all its pupils." Hector Berlioz
Today is: Hannakah, Tango Day, Republic Day in Upper Volta,
Happy Birthday: Hector Berlioz, Carlo Ponti, Big Mama Thornton, Rita
Moreno, David Gates, Donna Mills, John Kerry, Teri Garr, Ben Browder.
Today in History: In 1816, Indiana became the 19th state. In 1872,
P.B.S. Pinchback was sworn in as the first black member of the U.S.
House of Representatives. Edward VIII's abdication as King of the
United Kingdom of Great Britain and Northern Ireland, the British
Dominions beyond the Seas, and Emperor of India became effective in
1936. The United Nations International Children's Emergency Fund
(UNICEF) was established in 1946. Joe DiMaggio announced his retirement
from baseball in 1951. Apollo 17 became in 1972 the sixth mission to
land on the Moon.
[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.]
For up-to-the-minute news, features and links click on
http://www.FinancialWire.net
FinancialWire is an independent, proprietary news service of Investrend
Information, a division of Investrend Communications, Inc. It is not a
press release service and receives no compensation from any company for
its news or opinions. Other divisions of Investrend, however, provide
shareholder empowerment platforms such as forums, independent research
and webcasting. For more information or to receive the FirstAlert daily
summary of news, commentary, research reports, webcasts, events and
conference calls, click on http://www.investrend.com/contact.asp
For a free annual report on a company mentioned in the news, please
click on http://investrend.ar.wilink.com/?level=279
To become an investor monitor of independent research for a company in
which you are invested, go to the not-for-profit Shareholders Research
Alliance, Inc. website by clicking on
http://www.shareholdersresearch.com/
The FinancialWire NewsFeed is now available in multiple formats to your
site or desktop, free. Click on:
http://www.investrend.com/XmlFeeds?level=268
(Distributed for Investrend Communications, Inc. via M2 Communications
Ltd (www.m2.com))
Copyright 2007 M2 Communications Ltd.
[ Back To TMCnet.com's Homepage ]
|
