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 bourses were rebounding slightly today as the DAX and CAC 40 rallied by 0.45% and 0.72% respectively. A stronger than expected PPI and higher claims data pushed 10yr futures initially higher before they settled back into negative territory. Yen made a fresh 8-month low versus the US dollar today as the Japanese Nikkei shed nearly 3%. The Hang Seng fell as well and lost 1.14%.

Lookout after the bell for earnings releases for Analog Devices(ADI:NYSE), BEA Systems(BEAS:NASD) and Dell Co(DELL:NASD).

Looking ahead to Friday, the CPI, Business Inventories, Industrial Production, Capacity Utilization and Michigan Confidence data will get released tomorrow morning.

Brokerage Chatter:
Oppenheimer initiates coverage of Imclone(IMCL:NASD) with a buy rating and an $84 price target. RBC Capital upgraded Jack in the Box(JBX:NYSE) to outperform from sector perform and raised its target to $42 from $36. DuPont(DD:NYSE) was upgraded to buy from neutral at Fulcrum. Deutsche Bank upped Texas Instruments(TXN:NYSE) to hold from sell.

Goldman Sachs initiated the brokerage sector with a cautious view, individually started Merrill Lynch(MER:NYSE) with an outperform rating, Morgan Stanley(MWD:NYSE) and Lehman Brothers(LEH:NYSE) with an in-line, and started Bear Stearns(BSC:NYSE) as an Underperform. UBS upgraded Goldman Sachs(GS:NYSE) to buy from neutral. Goldman Sachs downgraded Altria(MO:NYSE) to in-line from outperform while they upgraded UST(UST:NYSE) to outperform from in-line. Walt Disney(DIS:NYSE) was upgraded to buy from hold at AG Edwards. Piper Jaffray initiated coverage of Dell Co.(DELL:NASD) with an outperform rating and a $44 price target.

Financial Headlines:
Stories :
According to SEMI(Semiconductor Equipment and Materials International), global chip equipment sales were up 56% in March over the same period last year.

The Wall Street Journal is reporting that Dreamworks might be considering an IPO of its animation unit which would largely be determined by the success of two projects scheduled for this Fall, "Shark Tale" and "Father of the Pride."

Genentech(DNA:NYSE) will trade on a 2-for-1 stock split basis effective today.


WalMart(WMT:NYSE) tops estimates by a penny on stronger revenues.
Walt Disney(DIS:NYSE) beat by $0.05. reported 1st quarter EPS better by 3 cents on revenues of $4.2 million versus First Call estimate of $3.3 million.
Target(TGT:NYSE) beat by a penny.
Elan Corp(ELN:NYSE) beat by $0.10.
Compuware(CPWR:NASD) reports in line

Around the world in 80 ticks:
Reuters has reported that Defense Secretary Donald Rumsfeld made a surprise visit to Iraq today in an effort to help quell the current disparagement over the Iraqi prisoner abuses by US guards.

The Associated Press reported that government officials were clamoring that with so many National Guard troops over in Iraq, some states having become increasingly worried that if an emergency should turn up at home, they would be caught short-handed.

The New York Times is reporting that the CIA is coming under fire from U.S. officials over what some claim as brutal and severe tactics in interrogation. Further, these methods of interrogation were said to be sanctioned by the Bush administration following the 9/11 attacks. The paper cited measures that included placing hoods on high level Al-Qaeda operatives, soaking them with water, roughing them up and depriving them of food, light and medication. One CIA interrogator was reprimanded for threatening an Al-Qaeda prisoner with a hand gun. It remained unclear if these same unnamed and outraged officials preferred that these terrorists be handed 'lolly-pops' and asked nicely if American lives and interests were in immediate life-threatening danger.

Note: The Fokker Chronicles will not be printed tomorrow as Fokker and his news staff will be headed to Vegas for much needed R&R but will return on Monday, May 17th.


< Previous
  • 1
Next >
position in mer, mwd, leh, dis, mo, tgt
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