By: Moderatore on Martedì 27 Maggio 2003 17:24
Aggiorniamo il commento finanziario americano migliore che abbiamo:
Monday May 27th
8:02--Altria also getting hit by judge that ruled that lawsuits may proceed regarding light cigarettes advertising fraud lawsuit. That allows the suit demanding $289B in damages to proceed.
8:00--Treasury said they will sell $25.0B in 2-yr notes on Thursday.
7:54--Bonds sinking on no evidence of Fed buying? Just a guess with little news to push them lower. In recent weeks, the rally in bonds has been partly blamed on Fed buying as a tool to ease monetary policy. There also was a small bearish reversal pattern created in Friday’s holiday trade.
7:53--AT&T was downgraded to sell from hold at AG Edwards.
7:44--Tenet Healthcare CEO has resigned.
7:36--Microsoft will have to defend the anti-trust settlement appeal on its own. The Dept. of Justice said it will not offer arguments supporting Microsoft in the appeal case. Massachusetts and W. Virginia are still holding out for a stronger settlement against MSFT in the antitrust case brought by the states.
7:34--Bowater was downgraded to sell from hold at Prudential.
7:31--CenturyTel was downgraded to market perform from strong buy at Raymond James.
7:29--Sprint chose equipment by Nortel Networks to upgrade phone lines.
7:27--Salton was downgraded to underperform at CSFB.
7:26--Blue Rhino Q3 EPS was 14c/sh vs. 13c/sh consensus. Revenues were $59.9M vs. $58.1M consensus. Company affirmed Q4 EPS but lowered Q4 revenues.
7:24--Energy names downgraded at Wachovia: CEG, CIN, D, PGN, and SGC.
7:22--Developing--Bank One and JP Morgan were named in a $1.3B lawsuit involving bond sales.
7:20--Nationwide and Lincoln National were upgraded to overweight from neutral at JP Morgan.
7:20--SBC was upgraded to sector perform from underperform at RBC.
7:15--Stocks are: S&P -4.00, Nasdaq -6.00.
-Euro is higher this morning after Monday’s IFO was 87.6 vs. 86.6. Also Monday, ECB official Solbes said that the euro’s appreciation is beneficial for inflation.
-German wise man Wiegard said that he’s “convinced” that the ECB will cut rates by 50 bps on June 5th. ECB VP Papademos said that EU inflation may recede more than the bank had forecast.
-Yen up slightly even though MOF’s Mizoguchi said that the gov’t would take action as necessary on forex. April nationwide retail sales were -2.7% vs. -1.0% previously. It was the 25th straight month down.
-Nikkei -1.3%, FTSE -1.3%, DAX -1.6%.
-Wal-Mart said sales are meeting its previous forecast.
-Cell Therapeutics announced positive trial data.
-A VISX laser procedure was approved by the FDA.
-Choicepoint was upgraded to outperform from neutral at CSFB.
-Qualcomm reportedly is suffering from lower sales volume in China due to SARS.
-Apple received negative comments in Barron’s regarding valuation.
-Avid Tech was downgraded to neutral from overweight at JP Morgan.
-Research in Motion was downgraded to underweight from neutral at JP Morgan.
-Nortel was downgraded at RBC.
-Altria was downgraded to neutral from buy at UBS.