Conference calls are often impacted by market trends, geopolitical conditions, news coming from conferences and economic releases.
(By Philip Holmes) Another rumor of a big IT marriage and falling oil prices helped stocks end Monday on an up note. HPQ is ready to buy Plano, Texas-based Electronic Data Systems for between $12 and $13 billion, according to the Wall Street Journal. We might hear the final terms from the principals as early as today. Oil prices dropped on Monday, with news that China's oil imports dropped in April helping with this development. So did a report showing India's industrial production lower than at any time in six years. Perhaps we're seeing a global trend forming, as a slowing economy and high prices have a negative impact on demand. That would please, "stop talking about an oil bubble!" Paul Krugman at the NY Times, at least. Lower oil helped transportation stocks, as you would expect. But there was even happy news from a retailer on Monday: AnnTaylor Stores posted a better-than-expected 45 to 47 cents per share earnings forecast, citing strong results from its LOFT brand and cost controls. It also looks as if Long Island's Newsday will have a new owner. Cablevision Systems inked a $650 million deal with Tribune Co. to buy the paper. Cablevision was the hometown favorite to win the deal, but we'll see how popular they are around LawnGuyland once the cost-cutting resumes in earnest at Newsday. Analysts claim the cable operator will have a heck of a time turning a profit.
The Investrend Earnings Calendar features Applied Materials (NASDAQ: AMAT), expected at $0.22 versus $0.34 a year ago; CommVault (NASDAQ: CVLT), expected at $0.18 versus $0.14 a year ago; Consol. Water (NASDAQ: CWCO), expected at $0.25 versus $0.25 a year ago; DISH Networks (NASDAQ: DISH), expected at $0.52 versus $0.35 a year ago.
The Investrend Economics Calendar lists Retail Sales for April (8:30 a.m.), Import/Export Prices for April (8:30 a.m.), Weekly Chain Store Sales (8:55 a.m.), Business Inventories for March (10 a.m.).
The Investrend Events Calendar showcases AEE, WEC, SRP, WR at Goldman Sachs Power and Utility; ALL, BAC, STT, NTRS, LNC, STI, MS, COF at UBS Global Financial Services Conference (Day 2 of 3); APC, BHI, HERO, PDE, NE, NBR at Tristone Capital Global Energy Forum; CCRN, COCO at Merrill Lynch Business & Education Services 1x1 Forum; CIT at AFSA Finance Industry Conference (Day 2 of 3); CS, WW at Institutional Investor Insurance Investment Forum; D, DUK, ICFI, XEL at Infocast Energy & Generation Planning Summit (Day 2 of 3); DMRC at SourceMedia CTST Conference (Day 2 of 4); DNDN, GPRO, HUM, MEDX, PDX at Banc of America Securities Health Care Conference (Day 1 of 3); FCS, ADSK, TDS, CMG, VARI, CPHD, ADBE, CELG, TLAB at Robert W. Baird & Co., Inc. Growth Stock Conference (Day 1 of 3); FLR at Dow Jones Newswires Infrastructure Summit; GFI at Merrill Lynch Global Metals, Mining & Steel Conference; HYGS, DSTI, MXWL, ENON, ENER, HOKU, NVR, PDX at Merriman Curhan Ford, & Co. 4th Annual Clean Tech Conference; JLL at Euromoney Institutional Investor PLC The Thailand Investment Forum; JPM at Resourceful Events Carbon Trading: Mechanisms, Markets & Money Conference; LINTA, LEAP, Q, VMED, RCI, SVVS, VM at Morgan Stanley Communications Conference; NATI at Credit Suisse Group Semiconductor & Hardware Conference (Day 1 of 3); NNSY, CBLT at ThinkPanmure Venture Capital Summit (Day 2 of 3).
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 40 advancers versus ten decliners. Advancers were led by Capstone Turbine C (NASDAQ: CPST) up 10.85%, Clear Channel Com (NYSE: CCU) up 9.57%, Research In Motion (NASDAQ: RIMM) up 6.93%, Alcoa Inc (NYSE: AA) up 6.58%. Decliners followed Ja Solar Holdings (NASDAQ: JASO) down 6.12%.
Vote in the Investrend Poll Question of the Day at Investrend Information (http://www.investrendinformation.com).
Investrend Website of the Day: http://allaboutfrogs.org/froglnd.shtml
Quote of the Day: "I don't like money, actually, but it quiets my nerves." Joe Louis
Today is: Frog Jumping Day.
Happy Birthday: Joe Louis, Beatrice Arthur, Roger Zelazny, Ritchie Valens, Stevie Wonder, Dennis Rodman, Stephen Colbert.
Today in History: In Menlo Park, New Jersey, in 1880, Thomas Edison performed the first test of his electric railway. Igor Sikorsky became in 1913 the first man to pilot a four-engine aircraft. The first commercial FM radio station in the United States was launched in 1939 in Bloomfield, Connecticut, later becoming WDRC-FM. Velcro's trade mark was registered in 1958.
[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 .
http://www.financialwire.net
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
|
|
