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FirstAlert: 3-4:45 P.M. Investrend / Bestcalls
(InvesTrend Via Thomson Dialog NewsEdge)
January 31, 2008 (Financial Wire) Conference calls scheduled at 3 to
4:45 p.m. on Investrend Broadcast via partner BestCalls include Duke
Realty Corporation (NYSE: DRE), Legacy Bancorp Inc. (NASDAQ: LEGC),
LightPath Technologies Inc. (NASDAQ: LPTH), Anheuser-Busch Companies
Inc. (NYSE: BUD), Central Pacific Financial Corp (NYSE: CPF), Maxim
Integrated Products Inc., (OTC: MXIM),Abaxis Inc. (NASDAQ: ABAX),
Affiliated Computer Services (NYSE: ACS), Asyst Technologies Inc.
(NASDAQ: ASYT), bebe stores inc. (NASDAQ: BEBE), Cerner Corporation
(NASDAQ: CERN), Exar Corporation (NASDAQ: EXAR), Elizabeth Arden Inc.
(NASDAQ: RDEN), ImmunoGen Inc. (NASDAQ: IMGN), Integrated Silicon
Solution (NASDAQ: ISSI), Micrel Incorporated (NASDAQ: MCRL), Pericom
Semiconductor (NASDAQ: PSEM), Wilshire Bancorp Inc. (NASDAQ: WIBC),
Avanex Corporation (NASDAQ: AVNX), ON Semiconductor Corp. (NASDAQ:
ONNN), Intuitive Surgical Inc. (NASDAQ: ISRG), Symmetricom Inc.
(NASDAQ: SYMM), Tessera Technologies Inc. (NASDAQ: TSRA), Cytokinetics
Inc. (NASDAQ: CYTK), Google Inc. (NASDAQ: GOOG), Aviza Technology Inc.
(NASDAQ: AVZA), 3PAR Inc., (AMEX: PAR), GSI Technology Inc. (NASDAQ:
GSIT), Millipore Corporation (NYSE: MIL), Digital River Inc. (NASDAQ:
DRIV).
Conference calls are often impacted by market trends, geopolitical
conditions, news coming from conferences and economic releases.
(By Philip Holmes) Investors had a mixed reaction to Wednesday s 50
basis point rate cut by the Fed. Stocks shot up immediately after the
afternoon announcement, then sank into negative territory as the Street
pondered the obvious question: What if things are so bad with the
economy that the rate cuts won t make much of a difference? Bernanke
and Co. had given the Street most of what it claimed to want from them.
For the second time in eight days the Fed moved aggressively, following
last week s emergency 75 basis point easing with a further half-point
cut in the federal funds rate. That benchmark rate now stands at three
percent. Fed board members voted nine to one in favor of the move, and
their joint statement hinted that further easing may be in the cards.
The statement noted "considerable stress" in the financial markets as
one of its chief sources of concern. In that sense, the Fed is right in
line with investor sentiment. The prospect of bond insurers Ambac and
MBIA losing their AAA ratings is one source of hand-wringing. If it
happens the repercussions would be felt across the financial sector as
bond holders big and small would suddenly, to paraphrase Warren Buffet,
be swimming naked in a receding tide. Wednesday also saw the release of
a new report showing just 0.6% of GDP growth in the fourth quarter of
2007. Economists were disappointed with that result, but cheered by
some stronger-than-expected jobs data. The U.S. ADP employment survey
showed a 130,000 increase in January, besting December s 37,000 gain
and beating predictions by a wide margin. Factory orders were also up
in December, by 5.2%. The Fed will likely keep cutting, especially if
it turns out that GDP growth has gone negative in Q1 2008. Given the
mixed economic data, and the troubles roiling the financial sector, it
s possible that the right jolt of liquidity might be what s needed to
keep the economy out of recession. In other words, if factories have
orders to fill and companies are hiring, then a lack of access to
credit would be the big thing standing in the way of progress. Monetary
easing should help ease the logjam of subprime write-offs and bond
downgrades, and make more money available to businesses and consumers.
Of course, there would still be plummeting house values and millions of
Americans already maxed out on credit to worry about. In the meantime,
we ll hope that Bernanke s 3% dose does some good.
The Investrend Earnings Calendar features Altera (NASDAQ: ALTR),
expected at $0.17 a year ago versus $0.30, Anheuser-Busch (NYSE: BUD),
expected at $0.32 versus $0.25, Digital River (NASDAQ: DRIV), expected
at $0.53 versus $0.47, Google (NASDAQ: GOOG), expected at $4.43 versus
$3.18.
The Investrend Economics Calendar lists Personal Income & Consumption
for Dec. (8:30 a.m.) , Employment Cost Index for Q4 (8:30 a.m.) ,
Weekly Initial Jobless Claims (8:30 a.m.), Chicago PMI for January
(9:45 a.m.), Weekly Money Supply (4:30 p.m.).
The Investrend Events Calendar showcases ALGT, AAI, CPA, SKYW, JBLU at
Raymond James Growth Airline Conference, ASH Annual Meeting of
Shareholders, BMTI, CYTR, CYH, CYTX, ALXN at Wachovia Healthcare
Conference, MNTG at Banc of America Securities Gaming Conference, PTEC
at Southwest Securities Small Cap Growth 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 28 advancers
versus 22 decliners. Advancers were led by Flextronics Intl (NASDAQ:
FLEX) up 12.51%, E*Trade Finl Corp (NASDAQ: ETFC) up 10.14%, Jetblue
Airways Cp (NASDAQ: JBLU) up 7.07%. Decliners followed Yahoo Inc
(NASDAQ: YHOO) down 8.46%.
Vote in the Investrend Poll Question of the Day at Investrend
Information (http://www.investrendinformation.com).
Investrend Website of the Day: http://www.addictinggames.com
Quote of the Day: The biggest human temptation is to settle for too
little. Thomas Merton
Today is: Independence Day in Nauru.
Happy Birthday: Zane Grey, Eddie Cantor, Isham Jones, Tallulah
Bankhead, Jersey Joe Walcott, Garry Moore, Jackie Robinson, Carol
Channing, Norman Mailer, Benjamin Hooks, Jean Simmons, Ernie Banks,
Suzanne Pleshette, Jessica Walter, Richard A. Dick Gephardt, Nolan
Ryan, Johnny Rotten, Anthony LaPaglia, Kelly Lynch, Minnie Driver,
Portia de Rossi, Justin Timberlake.
Today in History: Guy Fawkes was executed in 1606 for his plotting
against Parliament and James I of England. The Soviet Union exiled Leon
Trotsky in 1929. The Green Hornet radio show debuted in 1936. The first
successful American satellite, Explorer I, was launched into orbit in
1958. James Van Allen discovered the Van Allen radiation belt in 1958.
The first McDonald's opened in Moscow, Russia, in 1990. Mystery Science
Theater 3000 ended its run on the Sci-Fi Channel in 2004.
[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.]
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