FirstAlert: 1-3:55 P.M. Investrend / Bestcalls
Conference calls are often impacted by market trends, geopolitical conditions, news coming from conferences and economic releases.
Up And Away (By Genevieve Hawkins) Wall Street scored several days of much needed gains last week, and now that investors have realized that the market could go up again, there may be an extended rally. For the five days ended last Friday the Dow shot up 9%, while the S&P 500 rose 10.7% and the Nasdaq rallied 10.6% as bargain hunters returned for deeply discounted stock values. Although a few more days of gains could have pundits calling a market bottom, there is still the potential for bad news to ruin the mood quickly. For the coming week, investors will be eying data on inflation, housing starts and industrial utilization. Any proposals drafted by the Federal Open Market Committee to counter the financial crisis may also be scrutinized by market watchers, some of whom are hopeful that the return of the uptick rule will prevent egregious short selling. The Federal Reserve is also expected to make a decision in regard to interest rates, but with the funds rate effectively at zero a cut isn't possible. A rally in bank stocks could occur if regulators decide to change the mark to market accounting rules currently in place, which could pull up the market as a whole. The rally could easily be sustained this week, but there is too much uncertainty left to call a true bottom.
The Investrend Earnings Calendar features American Apparel (AMEX: APP), expected at $0.07; Care Investment Trust (NYSE: CRE), expected at $0.19; Force Protection (NASDAQ: FRPT), expected at $0.11; Kohlberg Capital (NASDAQ: KCAP), expected at $0.29.
The Investrend Economics Calendar lists Empire State Manufacturing Index for March (8:30 a.m.), Treasury Int'l Capital for January (9 a.m.), Industrial Production & Capacity Utilization for February (9:15 a.m.), Treasury auctions 3&6-month bills.
The Investrend Events Calendar showcases AGO Special Shareholders Meeting; CBI, FTI, OMGI, STRL at WJB Capital Houston Energy & Infrastructure Bus Tour; GILD, JNJ, WPI, ADLR at Cowen and Company Healthcare Conference.
The Investrend Money Index is an indicator of the depth of market direction or indirection. While not always including the same stocks, the NYSE/NASDAQ 50 Most Actives indicate the direction in which the mass of money is flowing. Last session's trading showed 30 advancers versus 19 decliners and one unchanged. Advancers were led by Las Vegas Sands Corp (NYSE: LVS) up 28.25%, Gen Motors (NYSE: GM) up 24.77%, Hartford Fin Svc (NYSE: HIG) up 14.47%, Merck Co Inc (NYSE: MRK) up 12.65%, Sandisk Corporation (NASDAQ: SNDK) up 11.06%, Seagate Technology (NYSE: STX) up 9.79%, Schering Plough Cp (NYSE: SGP) up 8.47%, Sprint Nxtel Cp (NYSE: S) up 8.09%, Pmc - Sierra, Inc. (NASDAQ: PMCS) up 7.63%, Citigroup Inc (NYSE: C) up 6.59%. Decliners followed Huntington Bancshares Incorpora (NASDAQ: HBAN) down 7.14%.
Vote in the Investrend Poll Question of the Day at Investrend Information (http://www.investrendinformation.com).
Investrend Website of the Day: http://www.rxlist.com
Quote of the Day: "Whenever there is a simple error that most laymen fall for, there is always a slightly more sophisticated version of the same problem that experts fall for." Amos Tversky
Today is: Lips Appreciation Day.
Happy Birthday: Caroline Herschel, James Madison, Georg Simon Ohm, John Butler Yeats, Marlin Perkins, Henny Youngman, Pat Nixon, Amos Tversky, Jerry Lewis, Chuck Woolery, Nancy Wilson.
Today in History: Ferdinand Magellan reached the Philippines in 1521. The United States Military Academy West Point was established in 1802. Prince Willem of the House of Orange-Nassau proclaimed himself king of the United Kingdom of the Netherlands in 1815, the first constitutional monarch in the Netherlands. Edward Clark became governor of Texas in 1861, replacing Sam Houston, who was evicted from the office for refusing to take an oath of loyalty to the Confederacy. Lawrence Oates, ill member of Scott's South Pole expedition left the tent in 1912 saying, "I am just going outside and may be some time." Robert Goddard launched the first liquid-fueled rocket, at Auburn, Massachusetts, in 1926. U.K. Prime Minister Harold Wilson resigned in 1976.
[FirstAlert" was created by Gayle Essary, founder of Investrend Communications, Inc., parent of Investrend Information (http://www.investrendinformation.com). The opinions expressed in FirstAlert" do not necessarily reflect the opinions of Investrend.]
FinancialWire" ( http://www.financialwire.net ), an independent, proprietary news service of Investrend Communications, Inc., receives no compensation for its news or opinions. Further disclosure is at http://www.investrend.com/articles/secondlevel.asp?level=472 . To contact FinancialWire" write to inquiries@financialwire.net .
Free annual reports for companies mentioned in the news are accessible via http://investrend.ar.wilink.com/?level=279 .
Copyright(C)2009 by financialwire.net, Inc. All rights reserved.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
