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FirstAlert: 5-9 P.M. Investrend / Bestcalls
(InvesTrend Via Thomson Dialog NewsEdge)
February 6, 2008 (Financial Wire) Conference calls scheduled at 5 to 9
p.m. on Investrend Broadcast via partner BestCalls include BroadVision
Inc., (OTCBB: BVSN),Electronic Data Systems Corpor (NYSE: EDS),
Hillenbrand Industries (NYSE: HB), Hub Group Inc. (NASDAQ: HUBG),
Insight Enterprises Inc. (NASDAQ: NSIT), IXYS Corporation (NASDAQ:
IXYS), Select Comfort Corp. (NASDAQ: SCSS), ThermoGenesis Corp.
(NASDAQ: KOOL), Nautilus Inc. (NYSE: NLS), drugstore.com inc. (NASDAQ:
DSCM), Napster Inc. (NASDAQ: NAPS), Universal Technical Institute
(NYSE: UTI), Rackable Systems Inc. (NASDAQ: RACK), Unica Corporation
(NASDAQ: UNCA), Taleo Corporation (NASDAQ: TLEO), Shutterfly Inc.
(NASDAQ: SFLY), DICE HOLDINGS INC. (NYSE: DHX), Datalink Corporation
(NASDAQ: DTLK), Ladish Co. Inc. (NASDAQ: LDSH).
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 lost over 3% on 2-5, precisely the day
in which the bullish seasonal period, the first five days of a new
trading month expired. This is usually when pension money dries up in
the stock market and if there are any real buyers left they need to
show up. Apparently, on 2-5, there weren t any. Interestingly, aside
from the bad news on the service sector released in the early morning,
the prior day, 2-4 delivered its own set of bad news, as a Federal
Reserve survey showed that banks have tightened credit standards to
such level that it's becoming very difficult to measure up for a loan,
according to a Federal Reserve survey. According to the survey, one
third of banks have tightened lending standards and have increased the
spread between their costs and what they are charging customers, with
the latter being a move to improve banking profits and balance sheets.
An interesting aspect of the survey is the effect of decreased mergers
and acquisitions on the credit markets. According to the Wall Street
Journal: "70% of the respondents cited a drop in businesses' needs for
merger-and-acquisition financing as a reason for lower demand." In
fact, we seem to be in a vicious cycle. According to the Journal: "With
bad loans piling up on banks' balance sheets, some lenders are finding
themselves strained for capital. As a result, banks--especially
community lenders with big portfolios of commercial real-estate
loans--are balking at making new loans, even to clients with solid
credit histories." Looking for a bottom line? Try this: Despite all the
hype, this remains an unpredictable situation, both in the terms of how
bad things will get, and how long the bad period will last. The stock
market, in our opinion, under the best case scenario is now starting to
form some kind of basing pattern. That means that we could have months
or years of nothing but sideways action punctuated by rallies and
declines of 5-10% on either side before any significant move develops.
In this climate, it is best to hold above average cash levels and to
diversify away from stocks by trading gold, commodities, currencies,
and bonds whenever those markets deliver strong enough trends to
warrant an intermediate term exposure. A sustained close below S&P 1260
would signal that the likelihood of a new down leg in stocks might just
have started.
The Investrend Earnings Calendar features Polo Ralph Lauren (NYSE: RL),
expected at $0.78 a year ago versus $1.03, Sara Lee (NYSE: SLE),
expected at $0.23 versus $0.17, Shutterfly (NASDAQ: SFLY), expected at
$0.65 versus $0.5, Time Warner (NYSE: TWX), expected at $0.29 versus
$0.22.
The Investrend Economics Calendar lists Productivity Index for Q4 (8:30
a.m.), EIA Petroleum Status Report (10:30 a.m.), Treasury auctions
10-year notes (1 p.m.).
The Investrend Events Calendar showcases AMAG, SVNT, XNPT, ZGEN, CELG,
BSX, MCK at Merrill Lynch 19th Global Pharmaceutical, Biotechnology &
Medical Device Conference, APC, RIG, CPX, FE at Credit Suisse Group
Energy Conference, Banc of America Securities MBA CREF Multifamily
Housing Client Event, GS, TCB, SNV, KFN, LEH at Credit Suisse Group
Financial Services Forum, IVAC, SYMC, SONS, VSEA, AVT at Thomas Weisel
Partners 2008 Technology Telecom Internet Conference, LEH at IBF
(International Business Forum) Nano Applications & Advanced Materials
Forum.
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 two advancers
versus 48 decliners. There were no significant advancers. Decliners
followed Sirf Technology (NASDAQ: SIRF) down 54.76%, Adv Micro Devices
(NYSE: AMD) down 8.96%, Countrywide Fnl Cp (NYSE: CFC) down 8.59%,
Sprint Nxtel Cp (NYSE: S) down 8.10%, Citigroup Inc (NYSE: C) down
7.43%, Charles Schwab Inc (NASDAQ: SCHW) down 6.89%, Taiwan Semicond
Ads (NYSE: TSM) down 6.45%, Nvidia Corp (NASDAQ: NVDA) down 6.26%.
Vote in the Investrend Poll Question of the Day at Investrend
Information (http://www.investrendinformation.com).
Investrend Website of the Day: http://www.bobmarley.com/
Quote of the Day: Get plenty article that is pure foolishness. You
have a guy come talk to you for a whole week, and him go an' write
something for please the Devil. Bob Marley
Today is: New Zealand Flag Day, Pay A Compliment Day.
Happy Birthday: Christopher Marlowe, Aaron Burr, Babe Ruth, Ronald
Reagan, Eva Braun, Zsa Zsa Gabor, Patrick Macnee, Rip Torn, Mamie Van
Doren, Mike Farrell, Tom Brokaw, Bob Marley, Natalie Cole, Axl Rose.
Today in History: New Jersey granted the first American railroad
charter to a John Stevens in 1815. The first minstrel show in the
United States, The Virginia Minstrels, opened in 1843 (Bowery
Amphitheatre in New York City). Jack Kilby of Texas Instruments filed
the first patent for an integrated circuit in 1959. At Cape Canaveral,
Florida, the first successful test firing of a Titan intercontinental
ballistic missile was accomplished in 1959. The Blizzard of 1978, one
of the worst Nor'easters in New England history, hit the region, with
sustained winds of 65 mph and snowfall of four inches an hour.
[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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Ltd (www.m2.com))
Copyright ? 2008 M2 Communications Ltd.
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