Stocks on the move
Real-time equity news
U.S. stock market report
1815 ET 19Mar2010
Earnings diary for March 22
The following companies are scheduled to post results on Monday:
Phillips Van Heusen
Tiffany & Co
Williams-Sonoma
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Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
1737 ET 19Mar2010
Economic diary for March 22
Monday's economic diary includes the following reports:
- Federal Reserve Bank of St. Louis President James Bullard appears on CNBC, 8 a.m. (1200 GMT).
- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on the economic outlook before the Naples Council on World Affairs, Naples, Fla., 3:45 p.m. (1945 GMT). This speech is repeated at 7 p.m. (2300 GMT) at the same event.
- Federal Reserve Bank of Chicago releases its Chicago Fed National Activity Index for February, 8:30 a.m. (1230 GMT). The index read 0.02 the prior month.
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Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
1627 ET 19Mar2010-Dow snaps eight
session streak as commodities weigh
The Dow industrials snapped an eight-session winning streak on Friday, as renewed worries about Greece sparked a climb in the dollar and weighed on U.S. stocks.
Sectors sensitive to dollar moves were hit hard, including materials, chip makers and energy. The S&P Energy Index was down 0.9 percent as commodities, including gold and U.S. crude oil futures, dropped. Dow component Exxon Mobil fell 0.5 percent to $67.04.
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Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
17:28 18Mar2010 ANALYSIS
Wall Street's latest rally has many flaws
With U.S. stocks pressing up against 17-month highs, the inevitable question arises: 'Does this rally have legs?'
From one perspective, things couldn't look rosier for the bulls. The S&P
500 touched another 17
month high on Wednesday, breaking through levels analysts identified as significant resistance. More stocks in the S&P are hitting fresh 52-week highs than at any time during the course of the rally.
But the steady rise in the last six weeks has been accompanied by middling volume and underperformance in key areas, such as semiconductor companies. Market technicians and strategists believe the current run is overbought, suggesting at least a near-term pullback.
For more please double click
Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
1023 ET 19March2010
Icahn offers to buy all of Lions Gate
Billionaire investor Carl Icahn has offered to buy all of Lions Gate Entertainment Corp's outstanding common shares for $6 each, amending a previous offer to buy 13.2 million shares at the same price.
Icahn, who owns 18.9 percent of Lions Gate, the independent film studio behind the film series 'Saw,' already offered to buy those shares in February.
For details, see
Shares of Lions Gate were flat at $5.97.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0912 ET 19March2010
Firms cut target on SunPower after results
At least two brokerages cut their price targets on SunPower Corp, a day after the solar company reported a 70 percent drop in fourth-quarter profit and forecast weaker-than-expected full-year earnings.
Lazard Capital Markets said the company's outlook for a strong second half of 2010 could cause concern, especially in light of the strong first-half outlook issued by some of its competitors. The firm cut its target by $5 to $35, but maintained a 'buy' rating.
Thomas Weisel cut its price target by $4 to $24 and said it was concerned that management may be overly relying on Italy, which is likely to reduce its solar subsidy substantially later this year.
For details, see
Shares of SunPower fell 9.3 percent to $20 in premarket trading.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0904 ET 19March2010
Aetna sees Q1 earnings above expectations
Aetna Inc expects first-quarter earnings to surpass Wall Street predictions, but it held to its previous projection for full-year profit.
Aetna projects its first-quarter operating earnings will top the consensus analyst expectation of 66 cents per share, Chief Financial Officer Joseph Zubretsky told analysts on Friday in a brief conference call to discuss the No. 3 U.S. health insurer's outlook.
For details, see
Shares of Aetna closed Thursday at $33.24.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Real-time equity news
U.S. stock market report
1815 ET 19Mar2010
Earnings diary for March 22
The following companies are scheduled to post results on Monday:
Phillips Van Heusen
Tiffany & Co
Williams-Sonoma
For more please double click
Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
1737 ET 19Mar2010
Economic diary for March 22
Monday's economic diary includes the following reports:
- Federal Reserve Bank of St. Louis President James Bullard appears on CNBC, 8 a.m. (1200 GMT).
- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on the economic outlook before the Naples Council on World Affairs, Naples, Fla., 3:45 p.m. (1945 GMT). This speech is repeated at 7 p.m. (2300 GMT) at the same event.
- Federal Reserve Bank of Chicago releases its Chicago Fed National Activity Index for February, 8:30 a.m. (1230 GMT). The index read 0.02 the prior month.
For more please double click
Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
1627 ET 19Mar2010-Dow snaps eight
session streak as commodities weigh
The Dow industrials snapped an eight-session winning streak on Friday, as renewed worries about Greece sparked a climb in the dollar and weighed on U.S. stocks.
Sectors sensitive to dollar moves were hit hard, including materials, chip makers and energy. The S&P Energy Index was down 0.9 percent as commodities, including gold and U.S. crude oil futures, dropped. Dow component Exxon Mobil fell 0.5 percent to $67.04.
For more please double click
Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
17:28 18Mar2010 ANALYSIS
Wall Street's latest rally has many flaws
With U.S. stocks pressing up against 17-month highs, the inevitable question arises: 'Does this rally have legs?'
From one perspective, things couldn't look rosier for the bulls. The S&P
500 touched another 17
month high on Wednesday, breaking through levels analysts identified as significant resistance. More stocks in the S&P are hitting fresh 52-week highs than at any time during the course of the rally.
But the steady rise in the last six weeks has been accompanied by middling volume and underperformance in key areas, such as semiconductor companies. Market technicians and strategists believe the current run is overbought, suggesting at least a near-term pullback.
For more please double click
Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
1023 ET 19March2010
Icahn offers to buy all of Lions Gate
Billionaire investor Carl Icahn has offered to buy all of Lions Gate Entertainment Corp's outstanding common shares for $6 each, amending a previous offer to buy 13.2 million shares at the same price.
Icahn, who owns 18.9 percent of Lions Gate, the independent film studio behind the film series 'Saw,' already offered to buy those shares in February.
For details, see
Shares of Lions Gate were flat at $5.97.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0912 ET 19March2010
Firms cut target on SunPower after results
At least two brokerages cut their price targets on SunPower Corp, a day after the solar company reported a 70 percent drop in fourth-quarter profit and forecast weaker-than-expected full-year earnings.
Lazard Capital Markets said the company's outlook for a strong second half of 2010 could cause concern, especially in light of the strong first-half outlook issued by some of its competitors. The firm cut its target by $5 to $35, but maintained a 'buy' rating.
Thomas Weisel cut its price target by $4 to $24 and said it was concerned that management may be overly relying on Italy, which is likely to reduce its solar subsidy substantially later this year.
For details, see
Shares of SunPower fell 9.3 percent to $20 in premarket trading.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0904 ET 19March2010
Aetna sees Q1 earnings above expectations
Aetna Inc expects first-quarter earnings to surpass Wall Street predictions, but it held to its previous projection for full-year profit.
Aetna projects its first-quarter operating earnings will top the consensus analyst expectation of 66 cents per share, Chief Financial Officer Joseph Zubretsky told analysts on Friday in a brief conference call to discuss the No. 3 U.S. health insurer's outlook.
For details, see
Shares of Aetna closed Thursday at $33.24.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.