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FirstAlert: 3:30-7:30 A.M. Investrend / Bestcalls(InvesTrend Via Acquire Media NewsEdge) September 8, 2008 (Financial Wire) -- Conference calls scheduled at 3:30 to 7:30 a.m. on Investrend Broadcast via partner BestCalls include AFLAC Incorporated (NYSE: AFL), Cathay General Bancorp (NASDAQ: CATY), Glamis Gold Ltd. USA (NYSE: GLG), Zions Bancorporation (NASDAQ: ZION). Conference calls are often impacted by market trends, geopolitical conditions, news coming from conferences and economic releases. (By Genevieve Hawkins) Stocks were led down last week by Thursday s 300 point drop, and with mortgage giants Fannie Mae and Freddie Mac under government control the markets are standing on a ledge staring into a bottomless pit. The coming several sessions are likely to contain so much news, coming from so many directions from the impact of the Fannie/Freddie takeover, to the reaction from overseas markets, to the impact of Hurricane Ike and the price of crude oil that it is almost impossible to determine what force is going to dominate. Regardless of the cover story, none of the news looks good. Last week a slump in crude oil and an increase in unemployment led the Dow down 2.79%, while the Nasdaq dropped 4.72% and the S&P 500 dipped 3.16%. For the coming week economic reports of interest include those on August retail sales and consumer confidence on Friday, but these may be easily overshadowed by the barrage of other news. And all of this continues to compete with non-stop election coverage. Too many forces seem to be conspiring against the markets in the coming weeks, and it might be a good time to sell and rethink positions. Barring heroic measures, a drop looks less like a question of if but when. The Investrend Earnings Calendar features C&D Technologies (NYSE: CHP), expected at $0.06; Finisar (NASDAQ: FNSR), expected at $0.03; K12 (NYSE: LRN), expected at $-0.05; Mitcham Industries (NASDAQ: MIND), expected at $0.23. The Investrend Economics Calendar lists Treasury announces 10-year note auction (11 a.m.), Treasury auctions 3- and 6-month bills (1 p.m.), Consumer Credit for July (3 p.m.). The Investrend Events Calendar showcases CATY, GLG, ZION, FSR, RNR, WABC at Lehman Brothers Global Finance Services Conference; CELG, CYPB, ACOR, BMRN, ALTH, CGRB at Citigroup Biotech Unplugged Conf; CTIB, TBUS, BLD, BNE at Wall Street Analyst Forum; LSTR, ABFS, YRCW, JBHT, ODFL, CNW at Wachovia First Union Transportation and Packaging Conf; NAK, PAL, AZK, WGI, ANV, VGZ at Denver Gold Forum; SSD, SYNO, CCMP, TSRA, ROL, ACET at Sidoti & Company Healthcare Conf. 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 30 advancers versus 20 decliners. Advancers were led by Sandisk Cp (NASDAQ: SNDK) up 31.05%, U S T Inc (NYSE: UST) up 25.09%, Fannie Mae (NYSE: FNM) up 9.66%, Wachovia Cp (NYSE: WB) up 7.86%, Lehman Bros Hld (NYSE: LEH) up Devices (NASDAQ: RFMD) down 6.74%. Vote in the Investrend Poll Question of the Day at Investrend Information (http://www.investrendinformation.com). Investrend Website of the Day: http://www.reading.org/ Quote of the Day: "Age is something that doesn't matter, unless you are a cheese." Billie Burke Today is: Literacy Day. Happy Birthday: Anton n Dvo k, Jimmie Rodgers, Sid Caesar, Peter Sellers, Patsy Cline, Ron Pigpen McKernan, Brooke Burke, Pink, Jonathan Taylor Thomas. Today in History: Michelangelo's David was unveiled in Florence in 1504. A vote of the Great and General Court of the Massachusetts Bay Colony in 1636 established what would come to be known as Harvard University. A powerful hurricane hits Galveston, Texas, in 1900, killing about 8,000 people. "The Man Trap, the first episode of the science fiction television series Star Trek aired in 1966. [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 [email protected] . 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. |