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Conference calls are often impacted by market trends, geopolitical conditions, news coming from conferences and economic releases.
Another Rolling Bottom? (By Genevieve Hawkins) October is known as a month for stock market crashes, but this time around the disaster on Wall Street more closely resembles the Titanic going down rather than a single spectacular plummet. Last week featured gains that quickly turned to losses, with the Dow losing 5.3% by Friday, while the S&P 500 dropped 6.8% and the Nasdaq off 9.3%. Now that a global recession is getting priced into the equation, there could be rallies, but they will likely be followed by sharp sell offs. For the coming week investors will be watching for Thursday's report on US third quarter GDP, which is likely to show that the country truly is in recession. The Fed will meet on Wednesday and is expected to cut interest rates to their historical 1% low, but this may have a counterintuitive effect on the markets as investors sell in the face of increasingly desperate and meaningless measures. Earnings reports will also be coming out in droves, which will give market participants plenty to sort through. A considerable amount of pain has not yet been priced into the system. Rather than rallies, it seems more likely that bad news will lead to at least one crash through prior lows this week.
The Investrend Earnings Calendar features Albermarle (NYSE: ALB), expected at $0.65; Forward Air (NASDAQ: FWRD), expected at $0.42; CF Industries (NYSE: CF), expected at $3.57; Harmonic (NASDAQ: HLIT), expected at $0.17.
The Investrend Economics Calendar lists New Home Sales for September (10 a.m.), Treasury auctions 3- and 6-month bills (1 p.m.), Treasury auctions 5-year TIPS (1 p.m.).
The Investrend Events Calendar showcases AVNR, MBRX, CYTX, ANDS, HALO at BIOCOM Annual Investor 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 11 advancers versus 39 decliners. Advancers were led by Ambac Finl Grp Inc (NYSE: ABK) up 9.05%, Brocade Comm Sys New (NASDAQ: BRCD) up 8.42%. Decliners followed Fifth Third Bncp (NASDAQ: FITB) down 28.71%, Foundry Networks I (NASDAQ: FDRY) down 25.65%, Natl City Cp (NYSE: NCC) down 24.73%, Amer Intl Group Inc (NYSE: AIG) down 19.05%, Sandisk Cp (NASDAQ: SNDK) down 13.24%, E*Trade Finl Corp (NASDAQ: ETFC) down 13.22%, Petroleo Brasileiro (NYSE: PBR) down 12.62%, Ishares Tr Ftse Indx (NYSE: FXI) down 9.98%, Ml Co Cmn Stk (NYSE: MER) down 9.42%, Sprint Nxtel Cp (NYSE: S) down 9.20%, Morgan Stanley (NYSE: MS) down 8.63%, Bk Of America Cp (NYSE: BAC) down 8.39%, Companhia Vale Ads (NYSE: RIO) down 8.30%, Comcast Cp A (NASDAQ: CMCSA) down 8.09%, Juniper Networks (NASDAQ: JNPR) down 7.46%, Citigroup Inc (NYSE: C) down 7.40%, Jp Morgan Chase Co (NYSE: JPM) down 6.39%.
Vote in the Investrend Poll Question of the Day at Investrend Information (http://www.investrendinformation.com).
Investrend Website of the Day: http://www.museumofhoaxes.com/hoax/Hoaxipedia/Cardiff_Giant/
Quote of the Day: "I think there is only one quality worse than hardness of heart, and that is softness of head." Theodore Roosevelt
Today is: Independence Day in Turkmenistan and Saint Vincent and the Grenadines, Wicked Witch Day, Navy Day.
Happy Birthday: Erasmus, James Cook, Isaac Singer, Theodore Roosevelt, Emily Post, Dylan Thomas, Nanette Fabray, Floyd Cramer, John Cleese, Simon Le Bon.
Today in History: The United States and Spain signed the Treaty of Madrid in 1795, establishing the boundaries between Spanish colonies and the U.S. United States annexed the former Spanish colony of West Florida in 1810. The first commercially-sponsored television program, Geographically Speaking, sponsored by Bristol-Myers, aired in 1946. The Canyon City meteorite, a 1.4 kg chondrite type meteorite struck in Fremont County, Colorado, in 1973. The Boston Red Sox defeated the St. Louis Cardinals in Game 4 of the World Series in 2004, winning their first championship since 1918.
[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 .
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