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



World Markets:
European markets were weaker today including the German DAX that lost 1.70%. The Asian markets were mixed as the Hang Seng lost 0.09% while the Japanese Nikkei gained 0.75% on its session. US markets were poised for a weaker start as the dollar was losing ground against most major currencies. Treasuries were lower as well, giving back a ¼ of a point in early Tuesday trading.

Consumer Credit figures for August will be released at 10amEDT. Lookout for Alcoa(AA:NYSE) to report its earnings results after the closing bell today. McDonald's(MCD:NYSE) will release September same store sales after the close. Dell Co.(DELL:NYSE) will be hosting a conference call on Wednesday that will include a strategy update by President Kevin Rollins, there is some speculation the company may raise its top line forecasts.

Brokerage Chatter:
Solomon Brothers upgraded McDonald's (MCD:NYSE) to buy from hold and raised its target to $30 from $24. The firm is also raising its numbers for 2003 and 2004. UBS upgraded Advanced Micro(AMD:NYSE) to neutral from reduce and attempted to catch up to the market and raised its price target to $12 a share from $5. UBS also upped Altera(ALTR:NASD) to buy from neutral.

Deutsche upgraded Cerner(CERN:NASD) to hold from sell. Anadarko Petro(APC:NYSE) was upgraded to market perform from underperform at Wachovia . Wells Fargo upgraded PeopleSoft(PSFT:NASD) to buy from hold. Piper Jaffray downgraded Looksmart(LOOK:NASD) to underperform from market perform and cut its target to $1.15 from $4 following the announcement that they lost Microsoft(MSFT:NYSE) as its distribution partner. Morgan Stanley downgraded Comcast Corp (CMCSA:NASD) to equal-weight from overweight. Echostar(DISH:NASD) was cut as well at Morgan Stanley.

Boston Scientific(BSX:NYSE) was downgraded at UBS to neutral from buy. Lehman Brothers dropped General Electric(GE:NYSE) and Danaher(DHR:NYSE) from its Core portfolio and added 3M(MMM:NYSE) to its U.S. Equity Strategy Growth and Core portfolios. Electronic Data Systems(EDS:NYSE) received some negative chatter this morning from UBS. Solomon was positive on the defense companies this morning, individually expecting stronger numbers from Lockheed Martin(LMT:NYSE), L-3 Comms(LLL:NYSE), and Northrop Grumman(NOC:NYSE). Morgan Stanley upgraded Hughes (GMH:NYSE) to overweight from equal-weight and raised its target to $17 from $15.

Financial Headlines:
Stories :
ASM Intl NV(ASMI:NASD) plans to sue Applied Materials(AMAT:NASD) for patent infringement.

After the close yesterday, Looksmart(LOOK:NASD) announced that Microsoft(MSFT:NASD) will not renew its distribution and licensing agreements with them.

The Associated Press reports that the Mirage hotel-casino(MIR:NYSE) has potentially lost one of its biggest money-making shows when a tiger nearly killed Roy Horn of "Siegfried and Roy" on Friday night. The hotel resort is now scrambling to figure out a way to fill a void that created millions in annual revenue. According to UBS, the Siegfried and Roy show generated approximately $44 million in yearly revenues and attracted nearly 400,000 people.

JetBlue Airways (JBLU:NASD) declared a three for two split of its common stock.

Oxford Industries (OXM :NYSE) declared a 2-for-1 stock split.

Apollo Group(APOL:NADS) beat the street by $0.03
PepsiCo(PEP:NYSE) reported their results in line and guided estimates to the high end of its previous guidance.
CVS Corp(CVS:NYSE) guided its 3rd quarter higher.

Around the world in 80 ticks:
The Associated Press reported that while President Clinton was trying to broker his peace deal between Israelis and Palestinians, the FBI was covertly funneling money to suspected Hamas figures in an effort to catch them using the funds for terrorist activities. The FBI admits however that no prosecutions resulted from any of their sting operations.

California recall election is set to kick off this morning. Reuters reports that Californians will have 135 replacement candidates to choose from; however the top 3 front runners still include Governor Davis, the Terminator Ah-nold and Lt. Governor Bustamonte. It is reported that due to the number of absentee votes, the results of the election could be dragged out a while and raise the California voter turn out to levels not seen in 23 years.

BBC news reports that Israeli PM Sharon said his country is prepared to attack its ememies any time, any place and in any way. Syria responded to the attacks and to Sharon's tough line talk by accusing Israel of warmongering. Syria is considering changes to the UN resolution they proposed yesterday which would condemn the attacks from Israel over the weekend following its failure to win Security Council support.

The Red Sox came back from an 0-2 series deficit to take the ALDS against the Oakland A's which culminated last night with a 4-3 victory for Boston. I can hear my friendly Bah-ston fans already telling me they reversed the curse. Pah-leeze. 85 years and counting folks.

Have a profitable day.


< Previous
  • 1
Next >
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.
Featured Videos