Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

The Fokker Chronicles

By

PrintPRINT

World Markets:
Europe was stronger today ahead of the US equities open. German DAX was and the CAC40 was up over 1%. The Japanese Nikkei added some gains while the Hang Seng lost 0.57%. US equities were poised for a higher open following benign PPI data released earlier this morning. The dollar index was also advancing this morning adding about 0.70%.

Heads-up:
API(American Petroleum Institute)/DOE(Dept of Energy) inventory figures are due out at 10:30amEDT this morning. The Fed's Beige Book is due out at 2pmEDT. Tomorrow will deliver the CPI numbers. Earnings takes lead stage tonight as reports from Intel(INTC:NASD), Apple Co.(AAPL:NASD), Genetech(DNA:NYSE), Qlogic(QLGC:NASD), Yahoo!(YHOO:NASD), Raymond James Financial(RJF:NYSE), and Teradyne(TER:NYSE) get released. Those eyeballing the headline numbers for Intel can look for its results versus the consensus expectations of $8.65billion in revenues, $0.25 per share EPS and capex street range of $4-$4.2 billion.

Brokerage Chatter:

Lehman Brothers was positive on the semi-equipment group this morning. Credit Lyonnais downgraded Ford(F:NYSE) to sell from reduce. Goldman Sachs upgraded Sony(SNE:NYSE) to outperform from in-line and added the stock to its Current Investment List. Bank of America made some positive chatter on Internet Security Systems(ISSX:NASD) citing today's weakness could present a buying opportunity in the face of the company's negative preannouncement. Merrill Lynch upgraded Nokia(NOK:NYSE) to buy from neutral. UBS upped Wendy's(WEN:NYSE) to buy from neutral and raised its target to $45 from $43.

JP Morgan downgraded Costco(COST:NASD) to underweight from neutral, upped May Dept Stores(MAY:NYSE) to neutral from underweight and cut Federated(FD:NYSE) to neutral from overweight. CSFB downgraded Molex(MOLX:NASD) to neutral from outperform. WR Hambrecht upgraded Electronic Arts(ERTS:NASD), THQ Inc.(THQI:NASD), and Take Two(TTWO:NASD) to buy from hold. Smith Barney upgraded State Street(STT:NYSE) to buy from hold. Lucent(LU:NYSE) had its estimates upped over at Prudential. Prudential also upgraded Fox Entertainment(FOX:NYSE) to overweight from neutral-weight and raised its price target to $37 from $35. AG Edwards downgraded Bed Bath & Beyond(BBBY:NASD) to hold from buy.


Financial Headlines:
Stories :
The Wall Street Journal reports that Cingular Wireless and AT&T Wireless(AWE:NYSE) are discussing the possibility of either merging both companies or an acquisition.

The Financial Times reported that the Chicago Mercantile Exchange(CME:NYSE) has received approval from the Auzzie government to offer direct access to its Globex electronic trading system to traders that are based in Australia.

Bloomberg newswires report that Sina.com(SINA:NASD) and Yahoo!(YHOO:NASD) have agreed to a joint venture in China creating a Chinese Internet Auction site to rival that of eBay(EBAY:NASD).

TASER Intl(TASR:NASD) declared a 3-for-1 stock split.

The latest Investors Intelligence(II) report showed those bullish were 56.4% and the percent bearish was 18.8%.

Earnings:
Linear Tech (LLTC:NASD)gave guidance in line with expectations and reported modest revenue upside of $186 million, up 7% quarter over quarter and in line EPS of $0.23, also in line with expectations.
Sunoco(SUN:NYSE) lowered its guidance to $0.50 to $0.60, below their previous consensus of $0.85.
Rockwell Collins(COL:NYSE) raised its 2004 EPS guidance to 1.50-1.60 versus its previous estimated range of 1.40-1.50
Delta Air Lines(DAL:NYSE) missed by $0.06.
Internet Security Systems(ISSX:NADS) lowered its 4th quarter guidance.

Around the world in 80 ticks:

Reuters has reported that the Palestinian militant group Hamas claimed responsibility for the suicide attack carried out today by a woman suicide bomber representing the first time they used a woman as a martyr.

According to Reuters and Japanese officials, the bird flu which has been receiving growing chatter of late after killing at least three people in Vietnam could turn out to have a far more devastating impact than the SARS virus if it becomes connected with human influenza. Japanese scientists, in an effort to stem the spread of this flu have been currently unable to find the cause of the outbreak.

The New York Times is reporting that Bush administration officials, in an effort to help promote marriage, especially among low-income couples, proposed a plan that will provide at least $1.5 billion for training couples in developing relationship skills that that would help sustain "healthy marriages."

The Associated Press reports that President Bush will propose a 5% annual budget hike for NASA's expenses over the upcoming three years to help pay for his plan to put a base on the moon and to mount a manned expedition to Mars later in the century. According to officials, the plan will establish a permanent presence on the moon within the next two decades and will place astronauts on Mars sometime after 2030.


Have a profitable day.

Fokker


No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE