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



Good morning and welcome to another restful day in Minyanville. Did you ever have that dream that felt so real but in the back of your mind you knew was too bizarre to be true? Toddo was running around the office in a sausage costume and I was dressed as a Pittsburg Pirate.

World Markets:
Markets rebounding from their earlier lows this morning. Producer Price economic data was released earlier. Brian Reynolds broke down the numbers for us. here

Heads-up:
Markets will receive a ton of reports next week starting off on Monday with a handful of financials from the likes of Banc of America(BAC:NYSE), Citigroup(C:NYSE), and Fannie Mae(FNM:NYSE).

Brokerage Chatter:
Merrill upgraded Ciena(CIEN:NASD) from sell to neutral. Banc of America upped Home Depot(HD:NYSE) to buy from neutral. US Bancorp raised Wal-Mart(WMT:NYSE) numbers for fiscal year 2004 to inline with first call estimates while maintaining their outperform rating. Kohl's(KSS:NYSE) received mixed reviews this morning from Banc of America upping them to buy from neutral and Bear Stearns lowering their estimates. Bear Stearns also raising numbers on Federated(FD:NYSE) and JC Penny(JCP:NYSE). RadioShack(RSH:NYSE) was upgraded to peer perform from under perform over at Bear Stearns.

Deutsche took up numbers slightly on Qlogic(QLGC:NASD). Novellus(NVLS:NASD) received some negative chatter from Banc of America and Lehman Bros citing numbers on the street are too high. Goldman made some positive noise on Nokia(NOK:NYSE) after reviewing their replacement handset survey.

Intel(INTC:NASD) was upgraded to outperform from peer perform at Thomas Weisel. Lehman Bros is also slightly positive on the name as they look for numbers on the high end of their range. Lehman however, said Texas Instruments(TXN:NYSE) September numbers need to come down. International Business Mach.(IBM:NYSE) had positive chatter from Lehman Bros citing potential upside to their upcoming quarter. Banc of America sees a potential penny upside in EPS for Dell(DELL:NASD) current quarter.

Goldman Sachs upgraded Staples(SPLS:NASD) to outperform from in-line. Juniper Networks(JNPR:NASD) had their numbers raised at Morgan Stanley for 2003 and 2004 after they beat their numbers last night.

Financial Headlines:
Stories :
Coca Cola(KO:NYSE) said it is being investigated by the US attorney's office as result of civil litigations filed by a former employee- Bloomberg

KB Home(KBH:NYSE) authorizes repurchase of up to 2 mln additional shares.

Intel(INTC:NASD) CEO Craig Barrett spoke to German newspaper Sueddetsche Zeitung, say that 3 times fast, and said semi growth rates may drop "a bit" in the long term. Barrett suggested he didn't expect to win any significant market share going forward.

Motorola(MOT:NYSE) said they think wireless networking market will be up 4% in 2004.

AMG data equity funds report a new cash inflow of $2.4 billion for the past week ending July 9th.

Earnings:
After the close last night, Juniper(JNPR:NASD) reported earnings a penny better than consensus and guided inline for their 3rd quarter.

General Electric(GE:NYSE) earnings came inline with consensus and revenues slightly better. However, they lowered guidance for the 3rd quarter and for full year 2003.

Around the world in 80 ticks:
According to Reuters, San Francisco has become the fastest shrinking city in the U.S. Their population declined by 1.5 percent or nearly 12,000 between July 2001 and July 2002, compared with 242 U.S. cities with more than 100,000 people.

The BBC News has reported that President Bush's adviser says the CIA cleared the US claim that Iraq had sought to buy nuclear material from Africa.


Have a restful weekend.

Fokker

< Previous
  • 1
Next >
position in fnm, cien, ge, intc
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