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FirstAlert: 12-6 P.M. Investrend / Bestcalls
(InvesTrend Via Acquire Media NewsEdge)
October 23, 2008 (Financial Wire) Conference calls scheduled at 12 to 6
p.m. on Investrend Broadcast via partner BestCalls include StanCorp
Financial Group Inc. (NYSE: SFG), Journal Communications Inc. (NYSE:
JRN), The Ryland Group Inc. (NYSE: RYL), Center Financial Corporation
(NASDAQ: CLFC), Young Innovations Inc. (NASDAQ: YDNT), Cooper
Industries Ltd. (NYSE: CBE), Nara Bancorp Inc. (NASDAQ: NARA), Range
Resources Corp. (NYSE: RRC), Ecolab Inc. (NYSE: ECL), SJW Corp. (NYSE:
SJW), L.B. Foster Company (NASDAQ: FSTR), Shaw Communications Inc. USA
(NYSE: SJR), The Southern Company (NYSE: SO), US Airways Group Inc.
(NYSE: LCC), EnCana Corporation USA (NYSE: ECA), Avnet Inc. (NYSE:
AVT), Sandy Spring Bancorp Inc. (NASDAQ: SASR), Noble Corporation
(NYSE: NE), LSI Industries Inc. (NASDAQ: LYTS), First Commonwealth
Financial (NYSE: FCF), Terra Industries Inc. (NYSE: TRA), Old Republic
International Cor (NYSE: ORI), Knight Transportation (NYSE: KNX),
Stericycle Inc. (NASDAQ: SRCL), VCA Antech Inc. (NASDAQ: WOOF),
CyberSource Corporation (NASDAQ: CYBS), Burlington Northern Santa Fe C
(NYSE: BNI), Acacia Research- Acacia Techno (NASDAQ: ACTG), DeVry Inc.
(NYSE: DV), Franklin Resources Inc. (NYSE: BEN), Aetrium Inc. (NASDAQ:
ATRM), Bookham Inc. (NASDAQ: BKHM), Synovus Financial Corp. (NYSE:
SNV), NetScout Systems Inc. (NASDAQ: NTCT), Integrated Device
Technology (NASDAQ: IDTI), Deckers Outdoor Corporation (NASDAQ: DECK),
Trimble Navigation Limited (NASDAQ: TRMB), Juniper Networks Inc.
(NASDAQ: JNPR), Power Integrations Inc. (NASDAQ: POWI), Power-One Inc.
(NASDAQ: PWER), Premiere Global Services Inc. (NYSE: PGI), Rambus Inc.
(NASDAQ: RMBS), Ariba Inc. (NASDAQ: ARBA), Hansen Medical Inc. (NASDAQ:
HNSN), Avid Technology Inc. (NASDAQ: AVID), Aware Inc. (NASDAQ: AWRE),
PerkinElmer Inc. (NYSE: PKI), Entrust Inc. (NASDAQ: ENTU), Varian
Medical Systems Inc. (NYSE: VAR), Anadys Pharmaceuticals Inc. (NASDAQ:
ANDS), Electronics For Imaging Inc. (NASDAQ: EFII), Emulex Corporation
(NYSE: ELX), Lattice Semiconductor (NASDAQ: LSCC), Bottomline
Technologies (NASDAQ: EPAY), Stamps.com Inc. (NASDAQ: STMP), Microtune
Inc. (NASDAQ: TUNE), MEMC Electronic Materials Inc (NYSE: WFR), RF
Monolithics Inc. (NASDAQ: RFMI), Affymetrix Inc. (NASDAQ: AFFX), The
Cheesecake Factory Incorpo (NASDAQ: CAKE), Merit Medical Systems Inc.
(NASDAQ: MMSI), Reinsurance Group of America (NYSE: RGA.A),NetGear Inc.
(NASDAQ: NTGR), BJ's Restaurants Inc. (NASDAQ: BJRI), City National
Corporation (NYSE: CYN), Columbia Sportswear Company (NASDAQ: COLM),
NMS Communications Corp. (NASDAQ: NMSS), SVB Financial Group (NASDAQ:
SIVB), AmSurg Corp. (NASDAQ: AMSG), Endologix Inc. (NASDAQ: ELGX),
Western Digital Corp. (NYSE: WDC), Microchip Technology Inc. (NASDAQ:
MCHP), Cohu Inc. (NASDAQ: COHU), StockerYale Inc. (NASDAQ: STKR),
Interwoven Inc. (NASDAQ: IWOV), Data Domain Inc. (NASDAQ: DDUP),
Silicon Image Inc. (NASDAQ: SIMG), Data I/O Corporation (NASDAQ: DAIO),
Hoku Scientific Inc. (NASDAQ: HOKU), The Chubb Corporation (NYSE: CB),
Ixia (NASDAQ: XXIA), Seattle Genetics Inc. (NASDAQ: SGEN), Monolithic
Power Systems Inc. (NASDAQ: MPWR), Compuware Corporation (NASDAQ:
CPWR), Compuware Corporation (NASDAQ: CPWR), Ingram Micro Inc. (NYSE:
IM), Overland Storage Inc. (NASDAQ: OVRL), Synaptics Incorporated
(NASDAQ: SYNA), Hittite Microwave Corporation (NASDAQ: HITT),
Theravance Inc. (NASDAQ: THRX), Technitrol Inc. (NYSE: TNL), Preferred
Bank (NASDAQ: PFBC), Microsoft Corporation (NASDAQ: MSFT), Flextronics
International Ltd. (NASDAQ: FLEX), Interactive Brokers Group Inc
(NASDAQ: IBKR), Omnicell Inc. (NASDAQ: OMCL), Interphase Corporation
(NASDAQ: INPH), Interphase Corporation (NASDAQ: INPH), QuickLogic
Corporation (NASDAQ: QUIK), Riverbed Technology Inc. (NASDAQ: RVBD),
Sims Group Limited ADR (NYSE: SMS).
Conference calls are often impacted by market trends, geopolitical
conditions, news coming from conferences and economic releases.
Poverty Effect (By Philip Holmes) Stocks ended sharply lower on
Wednesday as investors digested bad news on corporate earnings. The Dow
lost 514.45 to end the trading session at 8,519.21, while the Standard
& Poor's 500 index dropped 58.27, for 896.78. The Nasdaq composite
index shed 80.93 to close at 1,615.75. The Dow had been down as much as
698 points in the last hour of trading, and Wednesday's loss follows a
231 point loss on Tuesday. What has investors spooked is the prospect
of a third quarter earnings season that will be disappointing by the
numbers, but that will leave as many questions as answers. BusinessWeek
calls it �The Lost Earnings Season.? The paper reports that investors
aren't being given reasons for optimism from vague and lackluster
company predictions. Around 136 members of the S&P 500 index are
reporting earnings during the week of October 20, with 114 more
reporting next week. The problem investors have interpreting the
results is simple: this year's third quarter results cover July,
August, and September; the credit crunch reached crisis proportions
after the summer months. This means that data for the first two-thirds
of the period is effectively useless in gauging performance going
forward. This week's round of earnings calls already has a poster child
in the financial sector: Wachovia reported a staggering $23.9 billion
third-quarter loss on Wednesday. The bank is in the process of being
bought by Wells Fargo. In addition to the Q3 trauma, Wachovia said it
expects to lose another $26.1 billion of mortgage-related losses next
year. Lousy news continued, from Boeing and Merck who, like Wachovia,
turned in terrible third quarter results and bleak expectations for the
near future. The tech sector looked in slightly better shape, with
Apple, at least, turning in some decent numbers. All of this plays out
as certain of the fundamentals are improving. Oil prices are down below
$70, which should, among other things, lead to lower prices at the pump
and help consumers free up cash for the holiday season. Credit
conditions are easing as well: Three-month Libor is down for the third
day this week. The U.S. dollar is stronger against the pound and the
euro, while a bit weaker against the yen. The trend is favorable to
American consumers in that it brings down certain prices, but it's a
slim reed to breathe through. Consumers are feeling the �poverty
effect? from falling house prices and fears of mass layoffs.
The Investrend Earnings Calendar features Aflac (NYSE: AFL), expected
at $1; Altria Group (NYSE: MO), expected at $0.45; Bunge (NYSE: BG),
expected at $2.81; Chubb (NYSE: CB), expected at $1.23.
The Investrend Economics Calendar lists Weekly Initial Jobless Claims
(8:30 a.m.), Treasury announces 2&5-year note auctions, 5-year TIPS
auction (11 a.m.), Weekly Money Supply (4:30 p.m.).
The Investrend Events Calendar showcases no events today.
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 seven advancers
versus 43 decliners. Advancers were led by Broadcom Corp Cl A (NASDAQ:
BRCM) up 6.52%, Ual Corp New (NASDAQ: UAUA) up 6.16%. Decliners
followed Dynavax Technologies (NASDAQ: DVAX) down 79.67%, Sandisk Cp
(NASDAQ: SNDK) down 31.64%, Freeport Mcmoran B (NYSE: FCX) down 17.78%,
Yamana Gold Inc (NYSE: AUY) down 15.89%, Companhia Vale Ads (NYSE: RIO)
down 14.48%, Petroleo Brasileiro (NYSE: PBR) down 13.75%, Alcoa Inc
(NYSE: AA) down 13.42%, Qwest Comm Intl Inc (NYSE: Q) down 13.00%,
Ishares Tr Ftse Indx (NYSE: FXI) down 10.72%, Exxon Mobil Cp (NYSE:
XOM) down 9.69%, Chesapeake Energy Cp (NYSE: CHK) down 9.43%, Charles
Schwab Inc (NASDAQ: SCHW) down 9.23%, The Directv Group I (NYSE: DTV)
down 9.19%, Sprint Nxtel Cp (NYSE: S) down 9.16%, Microsoft Cp (NASDAQ:
MSFT) down 7.83%, At&T Inc. (NYSE: T) down 7.58%, Comcast Cp A (NASDAQ:
CMCSA) down 7.55%, Hewlett Packard Co (NYSE: HPQ) down 7.41%, Time
Warner Inc (NYSE: TWX) down 7.33%, Gen Electric Co (NYSE: GE) down
6.83%, Jp Morgan Chase Co (NYSE: JPM) down 6.47%, Wachovia Cp (NYSE:
WB) down 6.24%, Citigroup Inc (NYSE: C) down 6.06%, Natl City Cp (NYSE:
NCC) down 6.02%.
Vote in the Investrend Poll Question of the Day at Investrend
Information (http://www.investrendinformation.com).
Investrend Website of the Day: http://smallstep.gov/
Quote of the Day: "The more I see of the representatives of the people,
the more I admire my dogs." Alphonse de Lamartine
Today is: TV Talk Show Host Day, Mole Day, Candy Corn Day.
Happy Birthday: Adlai E. Stevenson, Sarah Bernhardt, Gummo Marx, Harvey
Penick, Frank Sutton, Johnny Carson, Chi Chi Rodriguez, Pelé, Michael
Crichton, Ang Lee, Dwight Yoakam, "Weird Al" Yankovic, Doug Flutie.
Today in History: Brutus committed suicide in 42 BC after his army was
decisively defeated at the second battle of Philippi by Mark Antony and
Octavian. Valentinian III is elevated as Roman Emperor, at the age of 6
in 425. The Pacific Fur Company trading post in Astoria, Oregon, was
turned over in 1813 to the rival British North West Company. In New
York City in 1915, 25,000-33,000 women march up Fifth Avenue to demand
the right to vote. The first transcontinental air service began in 1929
from New York City to Los Angeles. Belgian cartoonist Peyo introduced a
new set of comic strip characters in 1958 called The Smurfs. The
Toronto Blue Jays won their second straight World Series in 1993. Apple
Computer released the first iPod in 2001.
[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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