Positivo e Negativo a NY - Giorgia
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By: Moderatore on Martedì 18 Marzo 2003 16:42
Aggiorniamo il commento finanziario americano migliore che abbiamo:
Tuesday March 18th
8:34--There are rumors that Seibel Systems is having a weak quarter and may carry out last minute cost-cutting measures to help earnings.
8:14--PEC Solutions was upgraded to strong buy at Raymond James, after yesterday the company guided Q1 and full year lower.
8:04--Appears as though the bond market has tested and held the 11215-11217 support range. Today’s low was 11215, where a double bottom was formed on the intraday chart. That should offer continued pressure to stocks, especially since there is nothing bullish to support stocks.
8:00--Redbook retail sales were -1.2%.
7:57--Charming Shoppes Q4 EPS was 2c/sh vs. -3c/sh consensus. Revenues were $601.2M vs. $596.8M consensus. Company lowered Q1 EPS guidance to 8c-10c/sh vs. 10c/sh consensus.
7:34--Xilinx was downgraded to neutral from buy at First Albany.
7:32--The housing data are positive for the bond market and negative for the stock market. By the same token, however, the data could be a short-term event and depressed due to war fears.
7:30--Feb Housing Starts -11.0% to 1.622M vs. 1.730M consensus and vs. 1.822M previously. Housing permits were +0.4% to 1.786M vs. 1.779M previously.
Jan starts were revised down to 1.822M vs. 1.850M initially reported.
Jan permits were unrevised at 1.779M.
7:27--Kraft Foods was upgraded to buy at Bank of America.
7:25--ConocoPhillips was downgraded to sell at First Albany.
7:19--ISIS Pharmaceutical was downgraded to buy at Needham.
7:16--ASML is up sharply after the US Int’l Trade Commission declined to review an administrative judge’s ruling that the company had not violated unfair practices in import trade.
7:06--Dean Foods was downgraded to neutral at Bank of America.
7:05--Stocks are: S&P +11.00, Nasdaq +14.00.
-Stock and dollar rally continue today as positive post-war analogs guide the markets.
-Saddam and his son Uday said they would not leave Iraq, as Pres. Bush demanded.
-Two more UK cabinet members have resigned over their stance on war with Iraq.
-Eurozone Jan IP was +1.1%.
-US terror alert level was raised to orange last night.
-German ZEW was 17.7 vs. 15.0 previously, but below expectations of 19.0.
-Protests outside the Fed in Wash DC caused the building to be closed. The FOMC meeting, however, will continue as scheduled.
-Nikkei +1.1%, FTSE +1.3%, Dax +5.0%, CAC-40 +2.3%.
-BTM Schroeders weekly chain store sales were +0.4%.
Positive:
-Krispy Kreme Q4 EPS was 19c/sh vs. 18c/sh consensus. Revenues were $136.7M vs. $143.3M consensus. Affirmed Q1 EPS of 20c/sh and raised full-year to 88c/sh vs. 86c/sh consensus.
-Progress Software Q1 EPS was 12c/sh vs. 9c/sh consensus.
-Zale announced a $50M buyback.
-HGSI has a drug that is showing effectiveness in preventing anthrax in animals.
Upgrades:
-DR Horton was upgraded to neutral from underperform at CSFB.
Negative:
-Tech Data Q4 EPS was 58c/sh vs. 55c/sh consensus. Revenues were $4.01B vs. $3.94B consensus. Company lowered Q1 guidance to 37c-42c/sh vs. 47c/sh consensus.
-Applied Materials is cutting 2,000 jobs, or 14% of its workforce.
-Gateway warned Q1 revenues would be $820M-$850M vs. $955M consensus. Said it would close 80 stores and lay off 1,900 workers.
-Winnebago Industries Q2 EPS was 64c/sh vs. 66c/sh. Revenues were $186.7B vs. $210.3M consensus.
-BAE Systems will cut 1,000 jobs.
-The NYT is reporting that the Justice Dept is demand a half-century of profits, or $289B, from tobacco makers. Justice said tobacco used fraudulent marketing practices and the profits were ill-gotten gains.
-Procter & Gamble raised Q3 EPS guidance to 95c-96c/sh vs. 94c/sh consensus. Company also announced it is buying German hair care company Wella for $6.9B (22% premium).
-Liz Claiborne will acquire Juicy Couture. Terms have not yet been disclosed.
-Michael Dell filed to sell 8.4 mln shares.
Downgrades:
-CH Robinson was downgraded to underweight from equal weight at Morgan Stanley.
-Railroad stocks’ estimates were reduced at UBS.
Neutral:
-Williams-Sonoma Q4 EPS was 67c/sh vs. 66c/sh consensus. Company lowered Q1 guidance to 7c-8c/sh vs. 15c/sh but affirmed full-year guidance (lowered Q1 and raised Q3 & Q4).
-Charter One reaffirmed its Q1 EPS outlook.
-Charles River affirmed its Q1 EPS outlook of 39c-41c/sh vs. 40c/sh consensus.