Positivo e Negativo a NY - Giorgia

 

  By: LaSignoraMaria on Venerdì 25 Luglio 2003 18:11

Aggiorniamo il commento finanziario americano migliore che abbiamo: Friday July 25th 9:04--The Home sales data were generally below expectations if total numbers are looked at. The new sales were 50K above expectations while the existing sales were 170K below expectations. Adding them together, along with the downward revisions to both numbers shows sales that were below expectations. This should be positive for bonds and slightly negative for stocks. 9:00--June New Home Sales were +4.7% to record 1.16M rate vs. 1.111M consensus. May sales were revised to 1.108M vs. 1.157M previously. 9:00--June Existing Home Sales were -0.3% to 5.83M vs. 6.00M consensus. May sales were revised to 5.85M vs. 5.92M previously. 8:51--CIT’s price target was raised to $31 from $27 at Bank of America. 8:27--Covansys was upgraded to outperform from neutral at RW Baird. 8:26--Progress Financial raised its quarterly dividend to 8c/sh from 6c/sh. 8:25--McKesson was upgraded to outperform at RW Baird. 8:22--Priceline was upgraded to hold from sell at Legg Mason. 8:07--Granite Construction lowered its Q2 EPS guidance to 23c-26c/sh vs. 42c/sh consensus. Company cited an ‘unseasonably wet’ spring. 8:05--NStar was downgraded to hold at Jeffries. 8:04--Fox News said a short poll of Baghdad residents showed that 6 out of 10 still believed that Saddam’s sons are still alive. 8:03--A video of Saddam’s dead sons will be aired sometime today in an attempt to quell any lingering doubt as to the identities of the sons in the pictures released yesterday. The videos were shot by journalists who were allowed to view the bodies. 8:02--Benchmark Electronics’ price target was raised to $52 from $45 at Needham. 8:00--Dynegy Q2 loss was -99c/sh vs. -5c/sh consensus. 7:59--Pulte was upgraded to outperform at Smith Barney. 7:58--Avaya was upgraded to outperform at Smith Barney. 7:57--Weyerhauser Q2 EPS was 41c/sh vs. 26c/sh consensus. Revenues were $4.93B vs. $4.80B consensus. 7:56--Pride Int’l was downgraded to neutral from outperform at RW Baird. 7:55--Nucor Q2 EPS was 11c/sh vs. 22c/sh consensus. Revenues were $1.52B vs. no consensus. Company cited higher costs for weaker earnings. Company guided Q3 EPS to 15c-20c/sh vs. 39c/sh consensus. 7:53--Advanced Fibre Communication was upgraded to buy from hold at Needham. It was upgraded earlier at Wachovia. 7:52--Western Digital was downgraded to hold from buy at Needham. 7:50--Gateway was upgraded to peer perform from underperform at Bear Stearns. 7:49--Aztar was upgraded to buy from hold at Jeffries. 7:47--Deere was upgraded to peer perform from underperform at Bear Stearns. 7:45--AK Steel received a $400M 5yr credit facility. 7:44--Quaker Fabric was downgraded to market perform at Wachovia. 7:42--Cinergy was downgraded to hold from buy at Jeffries. 7:39--Health Care Property was downgraded to neutral from buy at Bank of America. 7:37--Siebel Systems received cautious comments from Prudential. 7:32--Durable goods were stronger-than-expected and are negative for bonds/positive for stocks. The gains were relatively broad-based even though aircraft orders did lead the strength. 7:30--June Durable Goods were +2.1% vs. +1.1% expected. Orders ex-transportation were +1.4%. Orders ex-defense were +1.7%. May durable orders were revised to unchanged from -0.4% originally reported. Transportation equipment was +3.9%. Aircraft orders +51.7%. Non-Defense Capital Goods Orders ex-aircraft were -0.1%. 7:28--Alltell was upgraded to hold from sell at Deutsche Bank. 7:27--Benchmark Electronics was upgraded to outperform from neutral at CSFB. 7:26--Standard Pacific Q2 EPS was $1.26/sh vs. 96c/sh consensus. Revenues were $515.2M vs. $503.0M consensus. Company raised Q3 EPS guidance to $1.35-$1.45/sh vs. $1.20/sh consensus. Raised full-year EPS guidance to $5.35-$5.45/sh vs. $4.75/sh consensus. 7:25--Alcatel won a $100M contract from Thailand. 7:24--SunGard Data was upgraded to buy from hold at AG Edwards. 7:22--Lyondell Chemical was upgraded to overweight from neutral at JP Morgan. 7:20--AMC Entertainment Q1 EPS was 11c/sh vs. -2c/sh consensus. Revenues were $473M vs. $463.6M consensus. 7:15--Great Atlantic & Pacific Tea Q1 loss was -53c/sh vs. -96c/sh consensus. Revenues were $3.20B vs. $3.25B consensus. 7:10--Nortel was upgraded to outperform from inline at Goldman Sachs. 7:07--Repironics was downgraded to market perform from outperform at Wachovia. 7:00--Stocks are: S&P +2.00, Nasdaq +2.00. -Dollar is mixed this morning. There were no reports of US troops killed overnight. -Saddam’s sons were each shot at least 20 times. -California’s debt was downgraded to BBB. -Nikkei -0.2%, FTSE -0.3%, DAX -0.6%. Positive: -Starbucks Q3 EPS was 17c/sh vs. 16c/sh consensus. Revenues were $1.04B vs. $1.03B consensus. Company affirmed Q4 EPS but raised full-year EPS to 83c-85c/sh vs. 81c/sh consensus. -Western Digital Q4 EPS was 21c/sh vs. 19c/sh consensus. Revenues were $680.3M vs. $658.5M consensus. -Pfizer Q2 EPS was 30c/sh vs. 29c/sh consensus. Revenues were $9.99B vs. $10.73B consensus. Company guided full-year EPS to $1.73/sh vs. $1.74/sh consensus and FY04 to $2.13 vs. $2.08/sh consensus. -Advanced Fibre Communication Q2 EPS was 9c/sh vs. 7c/sh consensus. Revenues were $83.0M vs. $81.3M consensus. -Gateway Q2 loss was -22c/sh vs. -28c/sh consensus. Revenue was $799.6m vs. $808.2M consensus. Company affirmed forward guidance. -McKesson Q1 EPS was 53c/sh vs. 51c/sh consensus. Revenues were $11.36B vs. $11.19B consensus. -Biosite Q2 EPS was 43c/sh vs. 40c/sh consensus. Revenues were $44.7M vs. $43.1M consensus. -Cummins Q2 EPS was 34c/sh vs. 11c/sh consensus. Company affirmed Q3 EPS guidance and significantly raised full-year guidance. Upgrades: -Kulicke & Soffa was upgraded to outperform from neutral at Soundview. -Nortel was upgraded to sector perform from underperform at CIBC. -Bausch & Lomb was upgraded to strong buy from buy at First Albany. -Theresense was upgraded to outperform from market perform at Piper Jaffray. -Advanced Fibre Communication was upgraded to outperform from market perform at Wachovia. Negative: -Ebay Q2 EPS was 37c/sh vs. 35c/sh consensus. Company announced a 2-for-1 stock split. Ebay raised 2003 EPS guidance to $1.47/sh vs. $1.41/sh consensus. Raised revenue guidance to $2.075B vs. $2.085B consensus. Company trading about $5 lower in post and pre-market trade because the guidance wasn’t as strong as was hoped. -JDS Uniphase Q4 loss was -2c/sh vs. -3c/sh consensus. Revenues were $160.6M vs. $161.3M. Guidance was mixed. EPS was guided down to a loss of 2c-3c/sh vs. -3c/sh consensus. Revenues were guided down to $145M-$155M vs. $166M consensus. -KLA-Tencor Q4 EPS was 15c/sh which was as expected. Revenues were $308.3M vs. $308.9M consensus. Guided Q1 EPS down to 16c-17c/sh vs. 18c/sh consensus. Guided Q1 revenues down to $310M-$315M vs. $330M consensus. -Triquint Semiconductor Q2 loss was -11c/sh which was as expected. Company guided Q3 loss down to 8c-11c/sh vs. -7c/sh consensus. Lowered revenue guidance to $70M-$74M vs. $74.7M consensus. -Microsemi Q2 EPS was 5c/sh vs. 4c/sh consensus. Revenues were $50.5M vs. $50.1M consensus. Company lowered Q3 EPS guidance to 4c-6c/sh vs. 6c/sh consensus. -Flextronics Q1 EPS was 4c/sh vs. 5c/sh consensus. Company lowered Q2 EPS guidance to 6c-8c/sh vs. 8c/sh consensus. Company affirmed Q3 EPS of 11c-15c/sh vs. 13c/sh consensus. -People’s Energy Q3 EPS was 22c/sh vs. 26c/sh consensus. Revenues were $398M vs. $335M consensus. Company affirmed forward guidance. -FPL Group Q2 EPS was $1.35/sh vs. $1.36/sh consensus. Revenues were $2.46B vs. $2.32B consensus. Company affirmed forward guidance. Downgrades: -California Pizza Kitchen’s price target was reduced at CIBC to $17 from $23. -Ebay was downgraded to neutral from buy at First Albany. Neutral: -Nortel Q2 EPS was break-even which was as expected. Revenues were light at $2.33B vs. $2.40B consensus. -Advanced Energy Q2 loss was -18c/sh vs. -19c/sh consensus. Revenues were $62.9M vs. $58.1M consensus. Company lowered Q3 EPS guidance to 11c-13c/sh vs. -8c/sh consensus. Company raised Q3 revenue guidance to $65M-$68M vs. $61.7M consensus. -Varian Semiconductor Q3 EPS was 4c/sh vs. 3c/sh consensus. Revenues were $82.8M vs. $83.3M consensus. Guided Q4 revenues to $78M-$88M vs. $87M consensus.

 

  By: LaSignoraMaria on Giovedì 24 Luglio 2003 17:13

Aggiorniamo il commento finanziario americano migliore che abbiamo: Thursday July 24th 8:10--al-Arabiya TV aired a tape of Fedayeen Saddam fighters vowing revenge over Saddam’s sons’ deaths. 8:08--Royal Dutch Q2 EPS was 96c/sh vs. 87c/sh consensus. 7:56--Paccar Q2 EPS was $1.06/sh vs. 98c/sh consensus. Revenues were $1.90B vs. $1.81B consensus. 7:53--Jetblue Q2 EPS was 38c/sh vs. 28c/sh consensus. Revenues were $244M vs. $237M consensus. 7:51--Dean Foods was downgraded to neutral at CSFB. 7:49--Cinergy Q2 EPS was 56c/sh vs. 48c/sh consensus. Company affirmed full-year EPS guidance. 7:46--Ball Corp Q2 EPS was $1.30/sh vs. $1.15/sh consensus. Revenues were $1.35B vs. $1.36B consensus. 7:44--Adolph Coors Q2 EPS was $2.09/sh vs. $1.90/sh consensus. Revenues were $1.10B vs. $1.07B consensus. 7:42--Level 3 Q2 loss was -54c/sh vs. -50c/sh consensus. Revenues were $941M vs. $949.5M consensus. 7:34--International Paper Q2 EPS was 19c/sh vs. 17c/sh consensus. Revenues were $6.26B vs. $6.21B consensus. 7:33--Skechers Q2 loss was -6c/sh vs. -1c/sh consensus. Revenues were $229.3M vs. $207.3M consensus. Company sharply lowered Q3 EPS and revenue guidance. 7:30--The claims number should be very negative for the bond market because the claims crossed the “400K” line. That has been viewed as a demarcation line in recent months between growing payroll situation and declining payroll situation. One note of caution--automakers retool in July for the new model year. Workers are temporarily laid off for a 1-2 week period and they typically attempt to file for jobless benefits. Those workers are typically not entitled to benefits, but the seasonal adjustment factors have a difficult time accounting for this. 7:30--Initial Claims were -29K to 386K vs. 415K consensus. Last week was revised to +3K to 415K from 412K previously. 7:29--AT&T Wireless was upgraded to buy from neutral at Merrill Lynch. 7:28--Bristol-Myers Q2 EPS was 45c/sh vs. 38c/sh consensus. Revenues were $5.05B vs. $4.66B consensus. Company affirmed forward guidance. 7:27--Lam Research was upgraded to outperform from sector perform at RBC Capital Markets. 7:27--Computer Associates was upgraded to outperform from neutral at CSFB. 7:26--Wyeth was downgraded to inline from outperform at Goldman Sachs. 7:25--LSI Logic was upgraded to outperform from market perform at Wachovia. 7:24--Taiwan Semiconductor Q2 EPS was 8c/sh vs. 6c/sh consensus. Revenues were $1.44B vs. $1.41B consensus. 7:23--E-Loan Q2 EPS was 12c/sh vs. 11c/sh consensus. Company raised full-year guidance to 37c/sh vs. 35c/sh previously guided. 7:22--Eli Lilly Q2 EPS was 64c/sh vs. 60c/sh consensus. Company affirmed Q3 & full-year EPS guidance. 7:21--SBC Q2 EPS was 42c/sh vs. 41c/sh consensus. 7:20--United Defense Q2 EPS was 68c/sh vs. 53c/sh consensus. Revenues were $553M vs. $463M consensus. 7:19--AT&T Q2 EPS was 68c/sh vs. 53c/sh consensus. Company also said it will increase its dividend. 7:19--MedImmune Q2 EPS was 6c/sh vs. 3c/sh consensus. Company lowered Q3 EPS guidance, but affirmed full-year. 7:17--Amdocs was downgraded to neutral at JP Morgan. 7:16--Furniture Brands Q2 EPS was 42c/sh vs. 43c/sh consensus. Company lowered both Q3 and full-year EPS guidance. 7:15--AT&T WirelessQ2 EPS was 8c/sh vs. 4c/sh consensus. Revenues were $4.16B vs. $4.04B consensus. Company said full-year sales will be in the upper end of its previous guidance range. 7:14--Electronics Q1 EPS was 13c/sh vs. 3c/sh consensus. Revenues were $353M vs. $340M consensus. Company affirmed full-year EPS of 35c-42c/sh vs. 40c/sh consensus. 7:14--Foundry Networks Q2 EPS was 13c/sh vs. 10c/sh consensus. Revenues were $95.7M vs. $93.3M consensus. 7:13--Advance PCS Q1 EPS was 50c/sh vs. 49c/sh consensus. Revenues were $3.80B vs. $4.04B consensus. 7:12--Intersil Q2 EPS was 16c/sh which was as expected. Revenues were much below expectations at $125.5M vs. $173.4M consensus. Company also lowered Q3 EPS guidance to 15c from 18c/sh consensus. Also lowered Q3 revenue guidance. 7:11--LSI Logic Q2 loss was -2c/sh vs. -8c/sh consensus. 7:10--Computer Associates Q1 EPS was 14c/sh vs. 9c/sh consensus. Revenues were $813M vs. $804M consensus. Company raised Q2 EPS guidance to 13c-15c/sh vs. 10c/sh consensus. Company slightly lowered revenue guidance. 7:09--Citrix Systems Q2 EPS was 18c/sh vs. 17c/sh consensus. However, company lowered Q3 EPS guidance to 15c-17c/sh vs. 17c/sh consensus. Company also lowered revenue guidance. 7:09--Outback Steakhouse Q2 EPS was 60c/sh which was as expected. Revenues beat expectations. 7:08--Plexus Q3 loss was -6c/sh vs. -9c/sh consensus. Company raised Q4 EPS and revenue guidance. 7:00--Stocks are: S&P +1.00, Nasdaq +1.00. -Dollar is slightly higher in recent minutes. It was lower earlier based on another attack on US troops. -Gold is slightly higher this morning on the threat of a miner’s strike in South Africa. -Three more US soldiers were killed in Iraq overnight guarding a convoy in Baghdad. There have now been three attacks since Saddam’s two sons were killed on Tuesday. Attacks on US troops in Iraq have been blamed for dollar weakness recently. -The US will release pictures of Saddam’s two sons “in a couple days.” -Nikkei +0.6%, FTSE +1.3%, DAX +0.9%. Positive: -Micromuse Q3 EPS was 4c/sh vs. 3c/sh consensus. Company raised Q4 EPS guidance to 3c-5c/sh vs. 3c/sh consensus. -Brunswick Q2 EPS was 59c/sh vs. 54c/sh consensus. Sees Q3 EPS of 35c-40c/sh vs. 34c/sh consensus. -Macromedia Q1 EPS was 11c/sh vs. 10c/sh consensus. -Mentor Graphics Q3 EPS was 5c/sh vs. 7c/sh consensus. Raised FY03 guidance to 60c/sh vs. 53c/sh consensus. -Netscreen Q3 EPS was 18c/sh vs. 16c/sh consensus. Revenues were $64.3M vs. $63.5M consensus. -Leapfrog Q2 loss was -7c/sh vs. -15c/sh consensus. Revenues were $68.0M vs. $61.5M consensus. -Molex Q4 EPS was 16c/sh vs. 15c/sh consensus. Company raised guidance. -Columbia Sportswear Q2 EPS was 23c/sh vs. 20c/sh consensus. Revenues were $152M vs. $148M consensus. Company raised its income growth rate guidance. Upgrades: - Negative: -EDS Q1 EPS was 34c/sh which was as expected. Guided 2H EPS to lower end of 70c-80c/sh range previously guided vs/ 69c/sh consensus. Guided FY03 to $1.34-$1.44 vs. $1.36/sh consensus. Guided FY04 to $1.34-$1.44 vs. $1.49/sh consensus. -Qualcomm Q3 EPS was 33c/sh vs. 30c/sh consensus. Company lowered Q4 EPS guidance to 27c-29c/sh vs. 29c/sh consensus. -Quest Software Q2 EPS was 6c/sh which was as expected. Company lowered Q3 EPS guidance to 3c-5c/sh vs. 7c/sh consensus. Lowered full-year EPS guidance to 21c-25c/sh vs. 27c/sh consensus. -Cirrus Logic Q1 loss was -20c/sh vs. -14c/sh consensus. Revenues were light at $40.7M vs. $42.6M consensus. -Lam Research Q4 EPS was 2c/sh which was as expected. Revenues were light at $186.1M vs. $188.0M consensus. -Varian Q3 EPS was 34c/sh vs. 33c/sh consensus. Company lowered Q4 EPS guidance to 37c-40c/sh vs. 41c/sh consensus. -Ultimate Electronics said that Q2 same-store sales will be “much weaker” than expected. -AirTran Holdings’ flight attendants rejected a tentative contract. Downgrades: - Neutral: -SunGard Data Systems Q2 EPS was 31c/sh which was as expected. Company affirmed guidance. -Acxiom Q1 EPS was 13c/sh vs. 6c/sh consensus. However, company lowered Q2 EPS guidance to 13c-15c/sh vs. 15c/sh consensus. Sees Q2 revenues of $240M-$245M vs. $249M consensus.

 

  By: LaSignoraMaria on Mercoledì 23 Luglio 2003 17:54

Aggiorniamo il commento finanziario americano migliore che abbiamo: Wednesday July 23rd 8:48--Teradyne was upgraded to buy from hold at Wells Fargo. 8:41--Lennox Int’l was upgraded to neutral at CSFB. 8:37--Tower Automotive was upgraded to neutral at CSFB. 8:36--Inco was upgraded to hold at Prudential. 8:25--GlaxoSmithKline Q2 EPS was 73c/sh vs. 69c/sh consensus. Revenues were $8.60B vs. $8.75B consensus. Company raised forward guidance. 8:23--Sybase Q2 EPS was 24c/sh vs. 20c/sh consensus. Revenues were $192.0M vs. $186.5M consensus. 8:20--UTStarcom won a $40M contract from China Telecom. 8:10--Ameritrade was downgraded to outperform from strong buy at Raymond James. 8:05--Centcom said the dental match for Qusay was 100%. 8:01--Pres Bush will speak on the progress in Iraq in about an hour from now. 7:58--Activision was downgraded to hold from buy at Deutsche Bank. 7:55--Charles Schwab Q2 EPS was 9c/sh which was as expected. Revenues were $1.02B vs. $1.01B consensus. 7:48--Boeing Q2 loss was -24c/sh vs. -43c/sh consensus. Revenues were $12.79B vs. $12.49B consensus. Company raised FY03 but lowered FY04 EPS guidance. 7:45--Countrywide was downgraded to hold from buy at Jeffries. 7:38--General Sanchez said that the coalition picked up Iraqi most-wanted #11 today. 7:37--BellSouth Q2 EPS was 52c/sh vs. 50c/sh consensus. Revenue was $7.12B vs. $7.02B consensus. 7:35--Snap-On Q2 EPS was 38c/sh which was as expected. Revenues were $565.2M vs. $543.9M consensus. Company slightly lowered guidance to $1.65-$1.75/sh vs. $1.78/sh consensus. 7:32--Linens ’n Things Q2 EPS was 13c/sh vs. 12c/sh consensus. Company guided Q3 EPS to 44c-49c/sh vs. 48c/sh consensus. Affirmed full-year guidance. 7:30--Alcan Aluminum was upgraded to buy from hold at Prudential. 7:28--Sonic Automotive was upgraded to overweight from underweight at Lehman. 7:27--Ryder Systems Q2 EPS was 54c/sh vs. 52c/sh consensus. Company raised Q3 EPS guidance to 59c-62c/sh vs. 57c/sh consensus. 7:25--Dial Q2 EPS was 36c/sh vs. 33c/sh consensus. Company matched revenue estimates and affirmed forward guidance. 7:21--Blockbuster Q2 EPS was 34c/sh vs. 25c/sh consensus. Revenues were $1.39B vs. $1.41B consensus. Company guided higher. 7:18--Micron was upgraded to outperform from neutral at Soundview. 7:17--ADC Telecom was upgraded to equal weight from underweight at Morgan Stanley. 7:15--Fred’s was upgraded to buy from neutral at Merrill Lynch. 7:14--Sysco was upgraded to overweight from equal-weight at Lehman. 7:10--Kodak Q2 EPS was 60c/sh vs. 27c/sh consensus. The number matched the company’s downward guidance. Revenues were $3.35B vs. $3.31B consensus. Company affirmed forward guidance. 7:00--Stocks are: S&P +1.00, Nasdaq +3.00. -The dollar is lower this morning after two separate attacks on US soldiers in Iraq. -The US will have a briefing on the operation that killed Uday and Qusay Hussein. When television cameras arrived, loyalists chanted "We sacrifice our blood and souls for you, Saddam." -A US soldier was killed today after an ambush on a convoy in Mosul, the same town that the two Hussein sons were killed in. A second soldier was killed in an ambush in Ramadi, 60 miles west of Baghdad. -Nikkei +1.4%, FTSE +0.3%, DAX +0.0%. Positive: -Amgen Q2 EPS was 49c/sh vs. 46c/sh consensus. Revenues were $2.04B vs. $1.94B consensus. Company raised its 2003 EPS guidance to $1.85-$1.95/sh vs. $1.86/sh consensus. -Amazon.com Q2 EPS was 10c/sh vs. 6c/sh consensus. Q2 revenue was $1.1B vs. $1.03B consensus. Guided Q3 revenue to $1.075B-$1.15B vs. $1.00B consensus. Guided full-year revenue to $4.9B-$5.1B vs. $4.8B consensus. -AOL Time Warner Q2 EPS was 12c/sh vs. 10c/sh consensus. Revenues were $10.82B vs. $10.65B consensus. Company affirmed forward guidance. -Broadcom Q2 EPS was 10c/sh vs. 9c/sh consensus. Revenues were $377.9M vs. $370.5M consensus. -Ryland Q2 EPS was $2.03/sh vs. $1.80/sh consensus. Revenues were $840.0M vs. $785.0M consensus. -Beazer Homes Q3 EPS was $3.01/sh vs. $2.95/sh consensus. Company raised full-year guidance. -StorageTek Q2 EPS was 27c/sh vs. 24c/sh consensus. Revenues were $527.3M vs. $512.8M consensus. -Wellpoint Q2 EPS was $1.49/sh vs. $1.39/sh consensus. Company raised full-year guidance. -Kimberley-Clark Q2 EPS was 82c/sh vs. 81c/sh consensus. Company affirmed forward guidance. Said currency accounted for its sales gain. -Coherent Q3 loss was -1c/sh vs. -3c/sh consensus. Revenues were $99.2M vs. $99.7M consensus. -NBTY Q3 EPS was 37c/sh vs. 36c/sh consensus. Revenues were $308M vs. $290.6M consensus. -AskJeeves Q2 EPS was 10c/sh vs. 7c/sh consensus. Company raised Q3 and full-year EPS guidance. -Wyeth Q2 EPS was 65c/sh vs. 49c/sh consensus. Revenues were $3.75B vs. $3.65B consensus. -L-3 Communications beat earnings expectations. Upgrades: -Amazon.com was upgraded to outperform from neutral at CSFB. -Computer Sciences was upgraded to buy from hold at Deutsche Bank. -Corning was upgraded to buy from hold at Deutsche Bank. -Intuit was upgraded to buy from neutral at UBS. Negative: -Sun Microsystems Q4 EPS was break-even vs. +2c/sh consensus. Revenues were $2.98B vs. $3.07B consensus. -Siebel Systems Q2 EPS was 2c/sh which was as expected. Cutting 490 jobs. Revenue was $333.3M vs. $334.3M consensus. Will take a charge in Q3 & Q4. Company will move some operations offshore. -Invision Q2 EPS was 61c/sh vs. 68c/sh consensus. Company affirmed guidance. -Activision Q1 EPS was +4c/sh vs. break-even consensus. Revenues were $158.7M vs. $141.9M consensus. Company lowered Q3 EPS guidance to -13c/sh vs. +3c/sh consensus. Guided revenues down to $100M vs. $131.8M consensus. Downgrades: -Wendy’s was downgraded to equal-weight from overweight at Lehman. -Reebok was downgraded to neutral from buy at Merrill Lynch. Neutral: -Boston Scientific Q2 EPS was 30c/sh which was as expected. Revenues were $854M vs. $852M consensus. -Vitesse Semiconductor Q3 loss was -4c/sh which was as expected. -Schering-Plough matched earnings expectations.

 

  By: LaSignoraMaria on Venerdì 18 Luglio 2003 17:04

Aggiorniamo il commento finanziario americano migliore che abbiamo: Friday July 18th 8:02--Treas Sec Snow said he expects US growth of 4% in 2004. Said he is encouraged by Europe’s steps to heal its economy. 8:00--Kohl’s was upgraded to buy at Bank of America. 7:57--Johnson Controls was upgraded to buy at Bank of America. 7:55--Ford may cut up to 2,000 jobs according to the Detroit Free Press. 7:54--UST projected Q3 EPS of 75c/sh vs. 74c/sh consensus. Guided 2003 EPS to $2.97-$3.01/sh vs. $2.98/sh consensus. 7:52--Odyssey Healthcare declared a 3-for-2 stock split. 7:50--Harmonic was downgraded to sector perform at CIBC. 7:45--Extreme Networks said they expect at least $400M in revenues in FY04, which is better than the $376M consensus. 7:42--Arch Coal Q2 EPS was +5c/sh vs. -6c/sh consensus. Revenues were $403M vs. $371M consensus. However, company lowered Q3 EPS guidance to break-even vs. +14c/sh consensus. 7:35--Extreme Networks Q4 loss was -6c/sh vs. -5c/sh consensus. Revenues were $87.2M vs. $87.3M consensus. 7:22--UST Q2 EPS was 77c/sh which was as expected. The company affirmed forward guidance of 75c/sh for Q3. 7:18--Capital One was added to JP Morgan’s focus list. 7:15--Barr Labs is in discussions to purchase Galen for more than $2.07B. 7:13--Delta Air Lines was downgraded to neutral from outperform at CSFB. 7:10--Lear Corp. was upgraded to buy from hold at Prudential. 7:00--Stocks are: S&P +3.00, Nasdaq +3.00. -The dollar is slightly stronger this morning due to a slightly higher US stock market. -UK’s Blair said the decision to attack Iraq was justified. Said that history wouldn’t forgive a failure to act. Said we will deliver on promise of democratic Iraq. -Treas Sec Snow is scheduled to meet with France’s Trichet today. -Nikkei +0.3%, FTSE +0.7%, DAX +1.0%. Positive: -Microsoft Q4 EPS was 23c/sh vs. 24c/sh consensus. Revenue was $8.07B vs. $7.88B consensus. Sees Q1 EPS of 23c/sh vs. 25c/sh consensus. Microsoft raised full-year revenue guidance to $34.2B-$34.9B vs. $33.1B-$33.8B guided previously. Microsoft said there will not be dividend increase until legal issues are resolved. -Yellow Q2 EPS was 54c/sh vs. 53c/sh consensus. -Webex Q2 EPS was 14c/sh vs. 11c/sh consensus. -Netflix Q2 EPS was 16c/sh vs. 12c/sh consensus. Revenue was $63M which was as expected. Company affirmed Q3 revenue guidance of $67M-$71M vs. $69.5M consensus. -PMC Sierra Q2 loss was -2c/sh vs. -3c/sh consensus. Revenues were $60.4B vs. $59.4B consensus. -Lexar Media Q2 EPS was 9c/sh vs. 6c/sh consensus. Revenues were $81.5M vs. $60.0M consensus. -Microchip Q1 EPS was 16c/sh vs. 15c/sh consensus. Revenues were $161.3M vs. $159.7M consensus. Company raised Q2 guidance to 16c-18c/sh vs. 16c/sh consensus. -Atmel Q2 loss was -8c/sh which was as expected. Revenues were $318.5M vs. $302.8M consensus. -Global Payments Q4 EPS was 36c/sh vs. 35c/sh consensus. Revenues were $134.3M vs. $130.2M consensus. Company raised guidance. -MRO Software Q3 EPS was 12c/sh vs. 4c/sh consensus. Company raised full-year EPS guidance to 25c-30c/sh vs. 19c/sh consensus. -Sierra Wireless Q2 EPS was 4c/sh vs. 2c/sh consensus. -Ericsson Q2 loss was only -$25M which was much better than expected. Accelerated cost cutting was credited for the numbers. -Robert Half Q2 EPS was 4c/sh vs. -1c/sh consensus. -CV Therapeutics Q2 loss was -81c/sh vs. -97c/sh consensus. -RSA Security Q2 EPS was 5c/sh vs. 4c/sh consensus. Revenues were $63.4M vs. $61.9M consensus. Company affirmed forward guidance. -Polycom Q2 EPS was 8c/sh vs. 3c/sh consensus. Revenues were $99.4M vs. $92.8M consensus. -Key Corp Q2 EPS was 53c/sh vs. 52c/sh consensus. Company affirmed full-year EPS guidance. -Dow Chemical received positive comments in Business Week. Upgrades: -Xilinx was upgraded to buy from neutral at UBS. -Atmel was upgraded to hold from sell at Deutsche Bank. -Monster Worldwide was upgraded to outperform from market perform at Piper Jaffray. -Chubb was upgraded to buy from neutral at Merrill Lynch. Negative: -Xilinx Q1 EPS was 13c/sh vs. 15c/sh consensus. Revenues were $313.3M vs. $315.4M consensus. -Fairchild Q2 EPS was 3c/sh which was as expected. Revenues were $348.1M vs. $353.3M consensus. Company lowered revenue guidance to $327.2M-$334.2M vs. $364.9M consensus. -Integrated Devices Q1 loss was -5c/sh vs. -6c/sh consensus. Revenues were $83.0M vs. $83.1M consensus. -IDEC Pharma Q2 EPS was 24c/sh which was as expected. Revenues were $123.6M vs. $134.3M consensus. Downgrades: -Scientific-Atlanta was downgraded to sell from hold at Deutsche Bank. -Nokia was downgraded to neutral from overweight at JP Morgan. Neutral: -AOL is close to selling units of its music division to Cinram.

 

  By: LaSignoraMaria on Giovedì 17 Luglio 2003 17:12

Aggiorniamo il commento finanziario americano migliore che abbiamo: Thursday July 17th 8:06--Guidant Q2 EPS was 62c/sh vs. 56c/sh consensus. Revenues were $944.9M vs. $890.3M consensus. Company raised Q3 and full-year EPS guidance. 8:05--PPG Industries Q2 EPS was 93c/sh vs. 86c/sh consensus. Revenues were $2.3B vs. $2.23B consensus. 8:04--Genzyme was upgraded to outperform from neutral at RW Baird. 8:04--Tollgrade was downgraded to neutral from outperform at RW Baird. 8:03--Hershey Foods Q2 EPS was 56c/sh vs. 52c/sh consensus. 7:59--Siebel Systems was downgraded to underperform from neutral at RW Baird. 7:49--Cypress Semiconductor Q2 EPS was 3c/sh which was as expected. Revenues were $203.1m VS. $198.4M consensus. 7:48--Georgia Pacific Q2 EPS was 25c/sh vs. 14c/sh consensus. Revenues were $5.05B vs. $4.93B consensus. 7:47--Four Seasons was downgraded to underweight at Morgan Stanley. 7:45--Sears Q2 EPS ex-items was 90c/sh vs. 95c/sh consensus. Company lowered full-year EPS guidance to $4.80-$5.00 vs. $4.95-$5.15/sh previously guided. 7:41--Honeywell lowered its full-year profit outlook for 2003. Company expects $1.58/sh vs. $1.58-$1.68/sh previously guided. 7:40--Caterpillar Q2 EPS was $1.15/sh vs. 66c/sh. 7:39--Johnson Controls was upgraded to overweight from equal weight at Lehman. 7:37--GM Q2 EPS was $1.57/sh vs. $1.19/sh consensus. Company raised Q3 EPS guidance to 50c/sh vs. 42c/sh consensus. Company raised full-year EPS guidance to $4.50-$5.00 vs. $4.31/sh consensus. 7:33--Hip Hip Hoooooray!!!!!!!!!!!!! The NBER finally declared an end to the recession!!! We can all relax now. The NBER said the recession ended in November 2001 and lasted 8 months--from March 2001-November 2001. 7:30--Initial Claims were -29K to 412K vs. 425K expected. Last week was revised to 441K vs. 439K previously reported. 7:30--July Housing Starts were +3.7% to 1.803M vs. 1.750M consensus. Housing Permits were +0.8% to 1.817M vs. 1.788M previous (there were no market expectations). 7:28--Ingersoll-Rand Q2 EPS was 89c/sh vs. 73c/sh consensus. Company raised guidance for Q3 and full-year. 7:27--AMD was upgraded to buy from neutral at Needham. 7:26--QLogic was upgraded to neutral from underperform at CSFB. 7:26--Fortune Brands Q2 EPS was $1.03/sh vs. 98c/sh consensus. Revenues were as expected. 7:25--Ameristar Casinos was downgraded to neutral from buy at Bank of America. 7:24--Manpower Q2 EPS was 37c/sh vs. 34c/sh consensus. However, company lowered Q3 EPS guidance to 42c-46c/sh vs. 55c/sh consensus. 7:23--Schering-Plough was upgraded to inline from underperform at Smith Barney. 7:22--Baxter matched lowered Q2 EPS guidance and guided lower for Q3 and full-year. 7:21--JDA Software was upgraded to buy from neutral at UBS. 7:20--International Game Tech Q3 EPS was 30c/sh vs. 27c/sh consensus. Revenues were $597.7M vs. $560.9M consensus. 7:18--Home Depot was upgraded to buy at AG Edwards. 7:17--Priority Healthcare Q2 EPS was 26c/sh vs. 27c/sh consensus. 7:14--Nokia Q2 EPS was 16c/sh which was as expected. Revenues were $7.89B vs. $7.92B consensus. Company lowered Q3 EPS guidance to 17c-19c/sh vs. 22c/sh consensus. Company warned that mobile phone sales will be flat or slightly lower y/y largely due to depreciation of the dollar. 7:13--United Technology Q2 EPS was $1.26/sh vs. $1.24/sh consensus. Revenues were $7.79B vs. $7.41B consensus. Company affirmed its full-year outlook. 7:12--Delta Airlines Q2 loss was -$1.95/sh vs. -$2.04/sh consensus. Revenues were $3.31B vs. $3.26B consensus. 7:11--SAP Q2 EPS was 23c/sh vs. 19c/sh consensus. Company raised full-year guidance to $0.97-$1.01/sh vs. $0.96/sh consensus. Company said licensing revenues were below expectations at E431 vs. E460M expected. 7:05--Legg Mason Q1 EPS was 83c/sh vs. 76c/sh consensus. Revenues were $423.3M vs. $403.0M consensus. 7:04--Marvell was downgraded to sector perform from outperform at CIBC. 7:00--Stocks are: S&P -10.00, Nasdaq -23.00. -Euro higher after US stocks fell. -Yen lower after the exchange of gunfire across the DMZ between the two Koreas. Gold is +$1.80/oz as a result as well. Yen will remain under pressure from constant threat of Japanese intervention. -Stocks lower after the Korean incident and also from disappointing earnings from IBM and technical factors. -Democrats continue to go on the offensive against Pres Bush on his Iraqi uranium claims. -Nikkei -2.4%, FTSE -0.7%, DAX -1.7%. Positive: -Apple Computer Q3 EPS was 5c/sh vs. 3c/sh consensus. Revenue was $1.55B vs. $1.49B consensus. Company said they see Q4 EPS slightly above Q3’s and that compares to 6c/sh consensus. Looks like Q4 EPS guidance is an affirmation. -AMD Q2 loss was -40c/sh vs. -54c/sh consensus. Revenues were $645M vs. $614M consensus. Said Q3 flash memory sales will be boosted by $180M. -Alliance Data Systems Q2 EPS was 21c/sh vs. 18c/sh consensus. Company raised full-year guidance. -Altria Q2 EPS was $1.20/sh vs. $1.19/sh consensus. -DR Horton Q3 EPS was 99c/sh vs. 94c/sh consensus. Company raised full-year ’03 and ’04 guidance. -Capitol One Q2 EPS was $1.23/sh vs. $1.11/sh consensus. Company lowered full-year guidance to $4.55/sh v. $4.70/sh consensus. -Planar Systems Q3 EPS was 30c/sh vs. 26c/sh consensus. Revenues were $62.9M vs. $59.5M consensus. Company raised full-year revenue guidance to $245M vs. $237M consensus. -Allstate Q2 EPS was 85c/sh vs. 75c/sh consensus. Company raised full-year EPS guidance to $3.50-$3.65/sh vs. $3.45/sh consensus. -Coca-Cola Q2 EPS was 54c/sh which was as expected. -Sandisk Q2 EPS was 52c/sh vs. 31c/sh consensus. Revenues were $234.6M vs. $186.0M consensus. Sandisk filed a $500M shelf offering. -Mohawk Q2 EPS was $1.12/sh vs. $1.05/sh consensus. Company affirmed forward guidance. -Cerner Q2 EPS was 25c/sh vs. 23c/sh consensus. Revenues were $207.7M vs. $201.7M consensus. Company raised Q3 EPS guidance to 31c-33c/sh vs. 30c/sh consensus. Company also raised full-year guidance. -Kinder Morgan Q2 EPS was 76c/sh vs. 73c/sh consensus. Company also announced a 40c/sh dividend. -ETrade Q2 EPS was 14c/sh which matched estimates. Company raised full-year guidance to 52c-57c/sh vs. 49c/sh consensus. -Raymond James Q3 EPS was 48c/sh vs. 38c/sh consensus. -United Health Group Q2 EPS was 71c/sh vs. 66c/sh consensus. -Renaissance Learning Q2 EPS was 29c/sh vs. 25c/sh consensus. Revenues were $33.6M vs. $32.6M consensus. Upgrades: -General Dynamics was upgraded to outperform from market perform at SG Cowen. -BP was upgraded to buy from neutral at Bank of America. Negative: -Kraft Q2 EPS was 55c/sh vs. 58c/sh expected. Revenue was $7.84B vs. $7.79B consensus. Company guided full-year EPS to $2.00-$2.05/sh vs. $2.10-$2.15/sh guided previously and vs. $2.13/sh consensus. Company said FY04 likely to be another difficult year. -IBM Q2 EPS was 98c/sh which was as expected. Revenue was $21.6B vs. $21.4B consensus. Most of the revenue growth came through currency and acquisition. -Boston Communications Q2 EPS was 24c/sh vs. 19c/sh consensus. Company said it was working with its customer Verizon to develop its own in-house billing system. -Internet Security Q2 EPS was a penny below estimates. -CDW Q2 EPS was 51c/sh vs. 52c/sh consensus. Revenues were $1.08B vs. $1.06B consensus. Downgrades: -Biogen was downgraded to outperform at SG Cowen. -ChevronTexaco was downgraded to neutral from buy at Bank of America. Neutral: -

 

  By: LaSignoraMaria on Mercoledì 16 Luglio 2003 17:13

Aggiorniamo il commento finanziario americano migliore che abbiamo: Wednesday July 16th 8:13--Intel was upgraded to outperform from peer perform at Bear Stearns. 8:12--Healthcare Property was upgraded to inline at Smith Barney. 8:09--Oakley was downgraded to sell at WR Hambrecht. 8:01--The news flow has dried up. 7:48--National City was upgraded to buy at Merrill Lynch. 7:35--Oakley Q2 EPS was 27c/sh vs. 29c/sh consensus. Company said full-year earnings will be at the upper end of the expectations range. 7:33--The CPI and business inventory numbers were a yawner. The core rate was lower than expected, but shouldn’t have much of an effect on the markets. 7:30--Jun CPI was +0.2% vs. +0.2% expected. Core CPI was Unchanged vs. +0.1% expected. Energy prices were +0.8%, while food prices were +0.4%. Housing was +0.1%. Transportation was +0.3%. Medical was +0.3%. 7:30--May Business Inventories were -0.2% vs. unchanged expected. 7:27--Genzyme Q2 EPS was 34c/sh vs. 32c/sh consensus. Revenues were $347.7M vs. $316.4M consensus. Company affirmed Q3 guidance while slightly raising full-year guidance to $1.30-$1.35/sh vs. $1.25-$1.35/sh previously guided. 7:23--Northern Trust Q2 EPS was 44c/sh which was as expected. Revenues were $551.2M vs. $534.1M consensus. 7:21--Immucor Q4 EPS was 31c/sh vs. 30c/sh consensus. Revenues were $26.3M vs. $25.5M consensus. Company lowered full-year guidance to $1.20-$1.28/sh vs. $1.31/sh consensus. 7:15--O’Charley’s was downgraded to market perform from outperform at Wachovia. 7:14--Reebok was downgraded to equal-weight from overweight at Morgan Stanley. 7:13--Caremark RX was downgraded to equal-weight from overweight at Morgan Stanley. 7:12--Swift Transportation was upgraded to outperform from neutral at CSFB. 7:11--Mercury Interactive Q2 EPS was 22c/sh vs. 20c/sh consensus. Company affirmed forward guidance. 7:03--National City Bank Q2 EPS was 99c/sh vs. 77c/sh consensus. Revenues were $2.16B vs. $1.89B consensus. Company said it expects to exceed full-year earnings estimates of $3.00/sh ‘by a comfortable margin.’ 7:00--Stocks are: S&P +5.00, Nasdaq +13.00. -Dollar generally higher today through new interpretation of Greenspan’s comments yesterday suggesting that the US economy is improving. Yesterday, the stock market traded weaker on Greenspan due to his comments that he’s ready to cut rates again. -Dollar also higher after Treas Sec Snow said the US is in the midst of a powerful rebound. -The Japanese were rumored to have intervened last night to weaken the yen. The Japanese central bank also upgraded its economic outlook. -Nikkei -0.2%, FTSE +0.5%, DAX +1.2%. Positive: -Intel Q2 EPS was 14c/sh vs. 13c/sh. Revenue was $6.82B vs. $6.69B consensus. Sees Q3 revenues between $6.9B-$7.5B vs. $7.11B consensus. Sees Q3 margin of about 54% vs. 50.9% in Q2. Company lowered its full-year depreciation to $4.7B from $4.8B. Intel CFO said he is ‘disappointed’ in flash memory sales. Said he doesn’t see signs of computer-related demand pickup. Said he’s not seeing evidence of corporate replacement cycle. Not seeing evidence that corporate IT budgets are improving. Intel is trading up $1.26/sh in overnight trade. -Seagate Q4 EPS was 33c/sh vs. 31c/sh consensus. Revenue was $1.55B which was as expected. Seagate raised Q1 EPS guidance to 33c-37c/sh vs. 34c/sh consensus. Slightly lowered revenue guidance to $1.60B-$1.64B vs. $1.64B consensus. Raised full-year EPS guidance to $1.55/sh vs. $1.45/sh consensus. Sees full-year revenue of $7.0B vs. $6.83B consensus. -RF Microdevices Q1 loss was -4c/sh vs. -6c/sh consensus. Company sees loss of 3c-4c/sh vs. -4c/sh consensus. -Yum Brands Q2 EPS was 48c/sh vs. 46c/sh consensus. -EMC Q2 EPS was 4c/sh vs. 3c/sh consensus. Company affirmed Q3 EPS guidance. -MGI Pharma Q2 loss was -27c/sh vs. -35c/sh consensus. -Johnson Controls beat earnings expectations. -Ford Motor Q2 EPS was 22c/sh vs. 16c/sh consensus. Company raised its loss estimate to -15c/sh vs. -11c/sh consensus, but affirmed full-year guidance. -General Dynamics Q2 EPS was $1.22/sh vs. $1.17/sh consensus. -Harley-Davidson Q2 EPS was 66c/sh vs. 58c/sh consensus. Company raised its full-year EPS guidance. -Stryker Q2 EPS was 53c/sh vs. 52c/sh consensus. Revenues were $891.7M vs. $864.3M consensus. -Washington Mutual Q2 EPS was $1.10/sh vs. $1.09/sh consensus. Company will also buy back up to 100 mln shares.-Scholastic Q4 EPS was 90c/sh vs. 87c/sh consensus. Company affirmed forward guidance. -Microsoft won a $90M contract from the government. -Applied Micro Q1 loss was -3c/sh vs. -4c/sh consensus. Revenues were $20.5M vs. $20.1M consensus. -Sears’ credit card unit is being purchased by Citigroup for $6B. -Qualcomm is raising its dividend by 40% to 7c/sh. -Bank One Q2 EPS was 75c/sh vs. 73c/sh consensus. Company is raising its dividend. Upgrades: -Budweiser was upgraded to buy from neutral at UBS. -Circuit City was upgraded to buy from neutral at UBS. -BEA Systems was upgraded to buy from neutral at Merrill Lynch. -Merrill Lynch was upgraded to overweight at JP Morgan. Negative: -Motorola Q2 EPS was +1c/sh vs. break-even expected. Revenues were $6.16B vs. $6.05B consensus. Company lowered Q3 operating earnings to 2c-4c/sh vs. 5c/sh consensus. -ASML Q2 loss was wider than expected. Company said they will cut another 550 jobs. -Cadence Design Q2 EPS was 9c/sh which was as expected. Company lowered Q3 EPS guidance to 11c-13c/sh vs. 14c/sh consensus. Expects full-year EPS of 48c-52c/sh vs. 52c/sh consensus. Company will cut 500 jobs. -Citigroup’s Sanford Weill will step down as Chief Executive effected Jan 1, 2004. He’ll remain as chairman until 2006. The stock is trading slightly in Europe as a result. -Photon Dynamics Q3 loss was 21c/sh vs. 19c/sh consensus. Revenues were $18.0M vs. $17.1M consensus. Company lowered Q4 loss guidance to 8c-14c/sh vs. -6c/sh consensus. -Tenet Healthcare received subpoenas for documents from the US attorney’s office. -Lucent lowered EPS guidance. -Charles River filed a 2.06M share secondary offering. Downgrades: -Johnson & Johnson was downgraded to neutral from buy at Bank of America. -Motorola was downgraded to sector perform from outperform at RBC. Neutral: -CEC Entertainment matched earnings expectations and affirmed guidance.

 

  By: LaSignoraMaria on Martedì 15 Luglio 2003 17:16

Aggiorniamo il commento finanziario americano migliore che abbiamo: Tuesday July 15th 8:09--Midwest Express was downgraded to underperform at Raymond James. 8:05--PanAmSat Q2 EPS was 20c/sh vs. 17c/sh consensus. Company guided Q3 EPS guidance to 12c-16c/sh vs. 15c/sh consensus. 8:00--Bank of Canada cut its overnight rate 25 bps to 3.00%. 7:57--Univision was upgraded to outperform from sector perform at RBC. 7:54--Alliance Capital was downgraded to neutral from buy at Merrill Lynch. 7:44--Boeing announced slowness in its satellite business and will take a $1.1B charge. 7:43--Precision Castparts Q1 EPS was 64c/sh vs. 62c/sh consensus. Revenues were $481.7M vs. $477.7M consensus. 7:42--Jeffries also announced a $1B debt offering. 7:41--Scientific Atlanta was downgraded to hold from buy at Needham. 7:40--Renaissance Re was downgraded to market perform at Wachovia. 7:39--New York Times Q2 EPS was 47c/sh vs. 46c/sh consensus. Company affirmed forward guidance. 7:38--Jeffries Group Q2 EPS was 65c/sh vs. 64c/sh consensus. Company also declared a 2-for-1 stock split. 7:37--Providian Financial was downgraded to market perform at Wachovia. 7:32--The stronger-than-expected retail sales and sales ex-autos are negative for bonds and positive for stocks. The Empire survey was a non-event if it still had any credibility left after last month wildly incorrectly predicting the ISM. 7:30--June Retail Sales were +0.5% vs. +0.4% expected. Sales Ex-Autos were +0.7% vs. +0.3% expected. May retail sales were revised to unchanged from +0.1%. Sales ex-autos were unrevised at +0.1%. Furniture sales were +0.5%. Building Materials were +2.6%. Autos were -0.1%. 7:30--July Empire State Survey was +22.6 vs. +20.65 expected. June was revised to +27.6 vs. +26.8 previously. 7:27--Johnson & Johnson Q2 EPS was 70c/sh vs. 69c/sh consensus. Revenues were $10.33B vs. $10.2B consensus. 7:27--Dow Jones Q2 EPS was 27c/sh vs. 25c/sh consensus. Revenues were $393.6M vs. $394.3M consensus. 7:26--Celestica was upgraded to buy from neutral at UBS. 7:25--Tech Data was upgraded to overweight from equal weight at Lehman. 7:24--Loral Space will file for Chapter 11 bankruptcy protection. 7:23--The Empire State survey is delayed until 7:30am. 7:22--The drug sector was upgraded to positive from neutral at JP Morgan. 7:21--HCA Healthcare lowered Q2 EPS guidance to 74c-76c/sh vs. 77c/sh consensus. 7:20--Merrill Lynch Q2 EPS was $1.05/sh vs. 72c/sh consensus. Revenues were $5.32B vs. $4.84B consensus. 7:20--Fifth Third Bank Q2 EPS was 75c/sh vs. 74c/sh consensus. 7:19--AO Smith Q2 EPS was 67c/sh vs. 65c/sh consensus. Revenues were $227.6M vs. $219.2M consensus. Company lowered Q3 EPS guidance to 42c-46c/sh vs. 52c/sh consensus. Company affirmed full-year guidance. 7:18--Wells Fargo Q2 EPS was 90c/sh vs. 91c/sh consensus. Revenues were $6.76B vs. $6.64B consensus. 7:17--Cintas Q4 EPS was 38c/sh vs. 37c/sh consensus. Company guided full-year EPS to $1.52-$1.64/sh vs. $1.62/sh consensus. 7:16--MDC Holdings Q2 EPS was $1.43/sh vs. $1.22/sh consensus. 7:15--Bunge raised Q2 EPS guidance to 68c-73c/sh vs. 56c-61c/sh consensus. 7:14--Greenpoint Financial Q2 EPS was $1.54/sh vs. $1.55/sh consensus. 7:13--Nautica matched expectations and affirmed forward guidance. 7:12--Select Comfort matched expectations and affirmed forward guidance. 7:10--JB Hunt Q2 EPS was 62c/sh vs. 48c/sh consensus. Revenues were as expected at $600M. 7:00--Stocks are: S&P +4.00, Nasdaq +7.00. -Euro higher after German ZEW jumped to 41.9 from 21.3. -Euro also supported by Euro officials expressing support for the stability pact after Jacques Chirac yesterday urged more leeway on the 3% deficit to GDP rule. -Nikkei -0.1%, FTSE -0.5%, DAX +0.3%. Positive: -FleetBoston Q2 EPS was 59c/sh vs. 58c/sh consensus. -Adtran Q2 EPS was 31c/sh vs. 28c/sh consensus. -IBM won a $801M 8-yr contract from California for child support. Upgrades: - Negative: -Fannie Mae Q2 EPS was $1.86/sh vs. $1.87c/sh consensus. Company affirmed forward guidance. Fannie Mae is raising its dividend by 6c to 45c/sh. -Rambus Q3 EPS was 4c/sh vs. 5c/sh consensus. Revenues were $29.2M vs. $28.3M consensus. -Alloy affirmed its Q2 EPS guidance and announced a $60M offering of convertible notes. -Mirant filed for Chapter 11 bankruptcy protection. -Payless Shoe announced a $200M note offering. -Powerwave announced a $130M convertible offering. Downgrades: - Neutral: -Maytag Q2 EPS was 56c/sh which was as expected.

 

  By: LaSignoraMaria on Lunedì 14 Luglio 2003 17:02

Aggiorniamo il commento finanziario americano migliore che abbiamo: Monday July 14th 7:59--Cigna’s debt was downgraded to BBB at S&P. The outlook is negative. 7:58--Interstate Bakeries Q4 loss was -5c/sh consensus vs. -4c/sh consensus. Revenues were $818M vs. $814M consensus. 7:53--Deutsche Telekom was upgraded to buy from neutral at Merrill Lynch Europe. 7:46--Sealed Air was downgraded to sell from buy at Deutsche Bank. 7:43--The WSJ is reporting another positive chip story, saying that demand may soon pick up. It says that chip makers are seeing higher capacity utilization. 7:40--eSpeed was downgraded to hold from buy at Jeffries. 7:28--Gilead Sciences guided Q2 revenue to $236M-$239M vs. $179M consensus. 7:27--Al-Aribya TV is airing a clip that shows an Islamic cleric claiming that attacks on US troops were organized by the Fallujah branch of Iraqi al-Qaeda. 7:25--Health Management was upgraded to overweight from neutral at JP Morgan. Company also downgraded Triad Hospitals and Community Health Systems. 7:19--American Express received positive comments in Barrons. Said its financial services and credit card businesses should recover after two tough years. 7:12--JetBlue added a second daily nonstop on its JFK-San Diego route. 7:10--MGIC Investment Q2 EPS was $1.46/sh vs. $1.38/sh consensus. Revenues were $459.6M vs. $410.1M consensus. 7:00--Stocks are: S&P +6.00, Nasdaq +14.00. -British pound is still falling after last week’s surprise rate cut. -Euro and yen both seeing quiet this morning. Italian Industrial Output was -1.6%. -US stocks higher this morning on better earnings at banks, tech sector upgrades, and another M&A announcement. -One US soldier was killed and six were injured in Iraq early today during an ambush. -An appointed Iraqi council has assumed a limited role in Iraq. -Nikkei +1.3%, FTSE +0.5%, DAX +1.4%. Positive: -Citigroup Q2 EPS was 83c vs. 80c/sh consensus. Revenues were $19.4B vs. $18.94B consensus. -Bank of America Q2 EPS was $1.80/sh vs. $1.57/sh consensus. Revenues were $9.78B vs. $9.17B consensus. -Pilgrim’s Pride raised Q3 EPS guidance to 14c-16c/sh vs. 5c/sh consensus. -Tivo entered an agreement with AOL that allows users of both services to program their Tivo’s with remotely through their AOL service. Upgrades: -Intel was upgraded to buy from neutral at Merrill Lynch. -European semiconductor group was upgraded to market weight from underweight at Citigroup. -Guidant was upgraded to overweight from neutral at JP Morgan. -Johnson & Johnson was upgraded to outperform from peer-perform at Bear Stearns. -Merck was upgraded to sector perform at CIBC. Negative: -Cigna lowered its Q2 and full year outlooks. Sees Q2 EPS of $1.00-$1.15 vs. $1.48 consensus. Sees full-year EPS of $5.00-$5.25 vs. $6.01 consensus. -Compuware warned Q2 EPS would be around 1c/sh vs. 6c/sh consensus. Warned that revenues would be $300M-$305M vs. $316M consensus. -EW Scripps Q2 EPS was 83c/sh which was as expected. Company lowered Q3 EPS guidance to 55c-65c/sh vs. 68c/sh consensus. -Performance Food lowered Q2 EPS guidance to 48c-49c/sh vs. 51c/sh consensus. -Boeing will get hurt today by Continental Airlines’ announcement that it will defer delivery of 36 737’s until at least ’08. The jets were scheduled for delivery in ’05-’07. -Boise Cascade will buy Office Max for $9/sh, or a 25% premium to Friday’s close. The deal is worth $1.15B and is usually negative for the larger, purchasing company. -Esperion filed to sell 4 mln shares. Downgrades: -Xilinx and Altera were downgraded to inline from outperform at Smith Barney. -Cephalon was downgraded to market perform from strong buy at Piper Jaffray. -CDW was downgraded to inline from outperform at Goldman Sachs. Neutral: -

 

  By: LaSignoraMaria on Venerdì 11 Luglio 2003 17:16

Aggiorniamo il commento finanziario americano migliore che abbiamo: Friday July 11th 8:10--Ciena was upgraded to neutral at Merrill Lynch. 8:07--Guitar Center was downgraded to inline at Goldman Sachs. 8:03--Lumenis warned Q2 revenues would be $68M vs. $85M consensus. 8:00--Wet Seal was downgraded to underperform from market perform at Wachovia. 7:49--Coke said the investigation is related to allegations that surfaced in a lawsuit by a former employee. 7:44--Coca-Cola said the US attorney’s office started an inquiry. 7:41--Stocks not weakening as much as one would expect, possibly due to the fact that GE announced several weeks ago that it saw weakness in its plastics business. GE’s stock has weakened since those comments were made. 7:40--GE Chairman said June short-cycle orders were up 10%-15%. Said he continues to expect slow economic growth. 7:35--The headline PPI was two-tenths above expectations, while the core PPI was two-tenths below expectations. More weight is usually put on the core, which is bond bullish and stock neutral. The trade deficit widened, which is bond bearish, but the market doesn’t pay much attention to the trade balance numbers. 7:32--GE lowered its full-year earnings guidance to $1.55-$1.61/sh vs. $1.60/sh consensus. Company had seen $1.55-$1.70/sh. Company lowered Q3 EPS guidance to 39c-42c/sh vs. 42c/sh consensus. Guided Q4 EPS to 46c-49c/sh vs. 48c/sh consensus. 7:30--June PPI was +0.5% vs. +0.3% expected. Core PPI was -0.1% vs. +0.1% expected. Passenger cars were -0.7%. Tobacco was -0.1%. Energy prices were +3.4%. Intermediate Goods were +0.5%. Crude Goods were +4.5%. 7:30--May Trade Balance was -$41.8B vs. -$41.5B expected. Exports were $82.05B vs. $81.33B. Imports were $123.89B vs. $122.98B. 7:27--Staples was upgraded to outperform at Goldman Sachs. 7:24--Charter Communication said they will sell $1.7B in notes in a private offering. 7:12--Talbots was downgraded to neutral from outperform at CSFB. 7:09--KB Home raised its buyback authorization by 2 mln additional shares. 7:01--ECB’s Issing countered Schroeder by saying that it’s not the level of the euro that impacts exports, but much needed reform by the government. 7:00--Stocks are: S&P -1.00, Nasdaq -3.00. -Germany’s Schroeder said “I assume the intelligent people in the ECB discuss whether they have done enough to the euro/dollar exchange rate to maintain the competitiveness of exports from Europe.” The comments indicated to the ECB that they should not let the euro continue to appreciate. -French May Industrial Production was -1.4%. -Tsy’s Snow said pension reform is a top priority. -The House passed an asbestos liability fund of $153B. The fund would be funded mostly by insurance companies but would end lawsuits. -Nikkei -3.2%, FTSE +0.3%, DAX +0.3%. Positive: -Sonus Networks Q2 loss was -1c/sh vs. -2c/sh consensus. -Teva Pharmaceutical won FDA approval for its generic Monopril. -United Defense won a $64M contract from the US Marines. -Millennium Pharmaceutical received positive comments in BusinessWeek. Upgrades: -Home Depot was upgraded top buy from neutral at Bank of America. -Kohl’s was upgraded to buy from neutral at Bank of America. -Millennium Chemical was upgraded to buy at UBS. Negative: -GE Q2 EPS was 38c/sh which was as expected. Revenues were $33.37B vs. $32.17B consensus. Company is trading -17c in pre-open trade. -Juniper Networks Q2 EPS was 3c/sh vs. 2c/sh consensus. Revenue was $165M vs. $160M consensus. Company guided sales to levels that are flat with the previous quarter. Stock is -0.40/sh in overnight trading. -Powerwave Q2 EPS was below expectations. Loss was -14c/sh vs. -9c/sh consensus. Revenues were $51.5M vs. $52.2M consensus. -Shaw Group Q3 EPS was 30c/sh which was as expected. Company lowered Q4 and full-year EPS guidance. -Manitowoc lowered Q2 & full-year EPS guidance. -Anaren Microwave lowered Q4 EPS guidance. -Quantum DLT cut its Q1 revenue outlook. -JetBlue announced a $110M convertible. Company announced they would sell 2.6 mln shares on Jul 3rd. Downgrades: -Quest Diagnostics was downgraded to underperform from perform at CIBC. -Airtran was downgraded to neutral at UBS. -Southwest Airlines was downgraded to reduce at UBS. -Centex Construction was downgraded to reduce at UBS. -Powerwave was downgraded to sell at Deutsche Bank. Neutral: -

 

  By: LaSignoraMaria on Martedì 08 Luglio 2003 17:08

Aggiorniamo il commento finanziario americano migliore che abbiamo: Tuesday July 8th 8:08--Arvin Meritor is offing to buy Dana for $15/sh in cash. Deal has $2.2B in total equity value and $4.4B in total value. The offer is a 25% premium to yesterday’s close. 8:07--Southern Union was downgraded to neutral at JP Morgan. 8:05--Yellow will buy Roadway for $48/sh, or a 49% premium. Said buy will yield annual cost synergies of $45M. Said buy will be accretive after first year. 8:03--HP’s price target was raised to $28 at Fulcrum. 7:57--Goldman Sachs’ Rick Sherlund said that a one-time dividend at Microsoft is unlikely. Said that the report yesterday of a one-time dividend started at the Paris office. Said policy is set in Redmond not Paris. 7:54--SunGard Data was upgraded to buy from hold at Needham. 7:50--Hughes Electronics was upgraded to outperform at Soundview. 7:48--Johnson & Johnson will pay $6.5M to Valentis to settle a patent case. 7:46--Eli Lilly was downgraded to market perform at Sanford Bernstein. 7:43--SeeBeyond was downgraded to sector perform at CIBC. 7:40--OMI Corp was upgraded to sector perform at CIBC. 7:38--Overture was upgraded to neutral at First Albany. 7:36--GM extended 0% financing through July 31st. 7:33--Silicon Labs was upgraded to overweight from equal weight at Lehman. 7:31--Broadcom was upgraded to overweight from equal weight at Lehman. 7:28--Bemis lowered Q2 EPS guidance to 68c-73c/sh vs. 81c/sh consensus. 7:25--Marvel was upgraded to overweight from equal weight at Lehman. 7:22--CACI Int’l raised full-year EPS guidance to 41c-43c/sh vs. 39c/sh consensus. Raised full-year guidance to $1.77-$1.82/sh vs. $1.72/sh consensus. 7:20--Pepsi Bottling Q2 EPS was 47c/sh vs. 46c/sh consensus. Revenues were $2.53B vs. $2.49B consensus. Company said full-year EPS would be at the low end of guidance of $1.61-$1.67/sh vs. expectations of $1.60/sh. 7:18--Western Digital was downgraded to underweight from neutral at JP Morgan. 7:17--Mother’s Work raised its Q3 EPS guidance to the upper end of its $1.35-$1.45/sh guidance range. Consensus is $1.35/sh. 7:15--Tellabs was upgraded to neutral from reduce at UBS. 7:13--Pacific Sunwear raised Q2 EPS guidance to 23c/sh vs. 20c/sh consensus. 7:11--Four Seasons was downgraded to reduce from neutral at UBS. 7:10--Netscreen and Checkfree were upgraded to buy from hold at Prudential. 7:08--Varian lowered its Q2 revenue guidance to $208M-$210M vs. $210.5M consensus. 7:00--Stocks are: S&P -1.00, Nasdaq -3.00. -Dollar slightly higher again today on expectations of faster US growth. -Yen down after rumors of MOF intervention to sell the yen. -German unemployment was -33K and output data -0.7% was soft. -Nikkei +1.1%, FTSE -0.2%, DAX -0.2%. Positive: -Dollar Tree raised its Q2 EPS guidance. -SafeNet Q2 EPS was 20c/sh vs. 16c/sh consensus. -Websense guided higher its Q2 earnings. -Biosite announced the 2-yr extension of a distribution agreement with Fisher Scientific. Upgrades: -UTStarcom’s price target was raised at CSFB. Negative: -Cooper Tire warned that Q2 EPS will fall short of analyst’s expectations. -Scholastic lowered its Q4 EPS to 85c-90c/sh vs. $1.15/sh consensus. Company also lowered full-year guidance. -Worldcom cut its 2003-2005 sales guidance. -EMC will acquire Legato Systems for $1.3B in stock. -Protein Design announced a $200M convertible offering. Downgrades: -Scholastic was downgraded to inline from outperform at Goldman Sachs. -Taro Pharmaceutical was downgraded to peer perform from outperform at Bear Stearns. -Lexar Media was downgraded to hold from buy at WR Hambrecht. Neutral: -

 

  By: LaSignoraMaria on Lunedì 07 Luglio 2003 17:31

Aggiorniamo il commento finanziario americano migliore che abbiamo: Monday July 7th 8:14--St. Jude Medical was downgraded to outperform from strong buy at SG Cowen. 8:10--Coherent lowered Q3 revenue guidance to $98M-$101M vs. $104M consensus. 7:54--TalkAmerica raised Q2 EPS guidance vs. previous by saying it would exceed its previous guidance of $5M-$7M. Guidance comes out to 19c-27c/sh which surrounds 23c/sh consensus. 7:34--Morgan Stanley was upgraded to buy from neutral at Merrill Lynch. 7:32--BMC Software is cutting Q1 EPS guidance to 1c-4c/sh vs. 8c/sh consensus. Cut revenue guidance to $305M-$315M vs. $331M consensus. 7:30--Goldman Sachs said they expect strength in semiconductor equipment stocks over next two weeks before Semicon West trade show. 7:14--Medicis was upgraded to outperform from market perform at Wachovia. 7:04--Filenet lowered its Q2 revenue guidance to $85M vs. $90M previously guided. Said EPS would be 1c-3c/sh vs. 4c-6c/sh previously guided. 7:00--Stocks are: S&P +10.00, Nasdaq +20.00. -Yen near unchanged after a report from Japan showed that demand for computers rose +20% in the week ending June 22nd. BOJ Gov Fukui said that Japan’s long-term bond rates were unstable. -Euro is sharply lower on strong US stock market. Additional pressure coming from ECB’s Solbes warning that European growth will be +0.7% which is less than +1.0% forecast in April. He said the downside risks highlighted in April have materialized. Euro also down after French Gov’t deficit widened to $50.7B as tax cuts hurt revenue. -US stocks sharply higher on 1) no terror event during holiday, 2) Japanese report on computer demand, 3) possible Microsoft special dividend touted again as a positive, and 4) merger excitement in Europe. -Alcan made a hostile $3.88B bid for Europe’s Pechiney. -Volkswagen wants to buy MAN Trucks for $2.4B. -2 US soldiers were killed in ambushes today and one on Sunday. -Nikkei +2.6%, FTSE +1.0%, DAX +2.3%. Positive: -MSFT is considering a special $10B one-time dividend according to the Financial Times. -American Express could be the beneficiary of litigation according to the WSJ. -Alcatel won an order from China to provide 1 mln DSL lines. -Nautica will be acquired for $17/sh in cash by VF Corp. Closed on Thursday at $13.19. Upgrades: -United Online was upgraded to outperform from inline at Piper Jaffray. -Seibel Systems was upgraded to inline from underperform at Smith Barney. -Morgan Stanley was upgraded to buy from neutral at Merrill Lynch. -MBNA estimates were raised at Morgan Stanley. -Bebe Stores was upgraded to buy from neutral at First Albany. Negative: -Schering-Plough warned Q2 EPS would be 12c/sh vs. 18c/sh consensus. Cited sales loss from Claritin. -Cirrus Logic warned that Q1 revenues would be at the low end of guidance. -Shurgard Storage will sell 4 million shares to acquire Shurgard Europe. -Dominion filed a $3B shelf registration. Downgrades: -Cerner was downgraded to sell from hold at Deutsche Bank. Neutral: -

 

  By: LaSignoraMaria on Mercoledì 02 Luglio 2003 17:21

Aggiorniamo il commento finanziario americano migliore che abbiamo: Wednesday July 2nd 8:16--PeopleSoft is guiding its EPS higher. 7:57--Westwood One lowered its earnings guidance. 7:55--CYTYC was upgraded to buy at Wells Fargo. 7:52--Intermune was upgraded to buy from hold at Bank of America. 7:47--Ciber raised its Q2 EPS guidance to 10c/sh vs. 9c/sh consensus. Raised revenue guidance to $176M-$178M vs. $175.0M consensus. 7:44--MRO Software was upgraded to strong buy from outperform at Piper Jaffray. 7:42--Charlotte Russe was downgraded to underweight from neutral at JP Morgan. 7:36--Bebe Stores was upgraded to neutral from underweight at JP Morgan. 7:28--Business Objects was upgraded to outperform from perform at RBC. 7:20--Baxter cut Q2 EPS ex-items guidance to 40c-42c/sh vs. 42c/sh consensus. Said full-year EPS ex-items would be $1.95-$2.05 vs. $2.00/sh consensus. 7:12--Benchmark Electronics said Q2 will meet or exceed $443M revenue consensus and 44c/sh EPS consensus. 7:10--Baxter will close 26 plasma collection centers in the U.S. $200M charge equates to 30c/sh. 7:09--Southwest Airlines’ June RPM’s were +5.2% vs. year ago. Said Q2 RPM’s were +4.6% vs. year ago. 7:07--Mid-Atlantic Medical was upgraded to outperform from market perform at Wachovia. 7:01--Baxter is cutting its full-year guidance and will take a $200M charge for write-downs and severance. Company will cut 2,500 jobs, or 5% of its workforce. 7:00--Stocks are: S&P +3.00, Nasdaq +5.00. -Dollar is higher against the euro after Eurozone PPI was -0.4% vs. -0.3% expected. Worries over deflation and its negative effects on the European economy are pressuring the euro. Germany’s Finance Minister raised his country’s 2003 borrowing goal to E35B from E18.9B previously due to weak economic growth. -Dollar is lower against the yen after a strong overnight rally in the Nikkei. Yesterday’s stronger Tankan is also likely helping the yen this morning. -UK’s June retail sales growth was weaker than sales in May according to the CBI survey which showed a +10% increase in June vs. +14% in May. -Australian dollar continued to rally after RBA left rates unchanged. -Yen slightly higher after the Japanese Tankan survey was -5 vs. -10. The latest reading was the best in 2 years. -Nikkei +3.4%, FTSE +1.3%, DAX +2.3%. Positive: -Constellation Brands Q1 EPS was 49c/sh vs. 48c/sh consensus. Revenues were $771.6M vs. $774.3M consensus. -Hollywood Entertainment said it expects Q2 EPS to be 29c/sh vs. 28c/sh consensus. -Nortel was selected to provide packet voice equipment by China Railcom. -BMC Software product was selected by EMC. -Microsoft is firing 800 workers in Texas in a pilot program that will move jobs to India. Upgrades: -Microsoft was upgraded to buy from neutral at Merrill Lynch. Price target is $30. Merrill also mentioned possibility of dividend increase (which was topic of Monday’s Barron’s). -National City Bank is boosting its quarterly dividend to 32c/sh from 30.5c/sh previously. -Biogen was upgraded to buy at WR Hambrecht. -Wal-Mart was added to Merrill Lynch’s Focus 1 list. Negative: -Tivo filed to sell a $100M mixed shelf offering. Downgrades: -Novellus was downgraded to underweight at JP Morgan. -Symantec was downgraded to underweight from neutral at JP Morgan. -Checkpoint was downgraded to underweight from neutral at JP Morgan. -Earthlink was downgraded to sector perform from outperform at CIBC. -Weight Watchers was downgraded to neutral from buy at UBS. Neutral: -Netflix Q2 subscribers were 1.147M which was near the upper end of the company’s guidance range of 1.13-1.15M. -Freddie Mac received comments in the WSJ that it is cheap, but risky. Said consensus among money managers is that it will not fall further, but has little reason to rise.

 

  By: LaSignoraMaria on Martedì 01 Luglio 2003 17:03

Aggiorniamo il commento finanziario americano migliore che abbiamo: Tuesday July 1st 7:55--Redbook retail sales were +0.9% vs. +1.0% last week. Redbook is different from BTM in that it is a m/m number that is revised as the month goes along. The BTM number is a week-to-week number that is a wholly new number from the previous week’s. 7:47--AMR, Delta, and Northwest Airlines are selling their interest in Worldspan. American is getting $180M in cash and a $39M promissory note for its stake. Northwest is getting $280M. 7:47--Snap-On was downgraded to underweight from equal-weight at Morgan Stanley. 7:41--Microstrategy’s software was selected by Dick’s Sporting Goods. 7:35--USF was downgraded to hold from buy at Deutsche Bank. 7:26--Hospitality Properties was downgraded to in line at Smith Barney. 7:21--Mesa Airlines expanded its regional carrier agreement with United and will operate 35-60 regional jets for United. 7:18--Aetna and Allstate were upgraded to buy from neutral at Bank of America. 7:15--BTM weekly retail sales were -0.5% in the latest week vs. +0.6% in the previous week. Note that the previous week’s sales were helped higher by sales of Harry Potter, and this week’s weakness may be a downward correction from those strong sales. 7:13--EW Scripps was downgraded to inline from outperform at Smith Barney. 7:08--Southern Co. was downgraded to underperform from inline at Goldman Sachs. 7:05--Mellon Financial was downgraded to hold from buy at AG Edwards. 7:00--Stocks are: S&P -1.00, Nasdaq -2.00. -Dollar slightly lower this morning after disappointment over yesterday’s Chicago PMA numbers. -Yen slightly higher after the Japanese Tankan survey was -5 vs. -10. The latest reading was the best in 2 years. -Euro higher after Germany proposed tax cuts of around 18B euro. Eurozone PMI was lower at 46.4 vs. 47.4 expected and vs. 48.1 previously. -BOE Gov King hinted at further rate cuts in the UK by suggesting that the recent rise in the British Pound could hurt the economy. -US forces were attacked in Fallujah Iraq by a rocket-propelled grenade. -Rumsfeld said Iraq is neither a quagmire nor a guerilla war. -Nikkei +2.1%, FTSE -0.4%, DAX -1.2%. Positive: -Boeing will win an order for 100 737’s from Airtran, which is looking to expand into longer range jets and into the western states. -Alaris Medical raised its Q2 revenue guidance. -American Pharma received FDA abbreviated approval for its Valproate Sodium injection. -Alcon received FDA approval for its AcrySof lens. -Millennium Pharma announced a pact with J&J on its cancer drug Velcade. Upgrades: -Walgreen’s was upgraded to outperform from in line at Goldman Sachs. -Starbucks was upgraded to outperform from inline at Smith Barney. -Allstate was upgraded to buy from neutral at Bank of America. -LSI Logic was upgraded to equal weight from underweight at Morgan Stanley. Negative: -Emmis Communications Q1 EPS was 1c/sh vs. 2c/sh consensus. -Atari is delaying its 10-K filing. -Level 3 (LVLT) backed its guidance for Q2 & full-year. Company will issue $250M in convertible senior 7-yr notes. -Ceradyne priced 1.8 mln shares. 300K were from existing shareholders, while the remainder was from the company. -Fisher Scientific will offer $250M in convertible notes. -Callaway Golf is buying Top-Flite for $125M. Will take a $70M charge. Downgrades: -Boeing was downgraded to sell from hold at Deutsche Bank. -SAP was downgraded to neutral from overweight at JP Morgan. -Cheesecake Factory was downgraded to underperform from inline at Smith Barney. Neutral: -Finish Line Q1 EPS was 28c/sh which was as expected. Revenues were $207.8M vs. $207.7M consensus.

 

  By: LaSignoraMaria on Lunedì 30 Giugno 2003 16:49

Aggiorniamo il commento finanziario americano migliore che abbiamo: Monday June 30th 7:31--MedImmune’s management said some R&D expenses will be pushed back. Mgmt gave a somewhat favorable outlook on the company. Stock trading slightly higher this morning. 7:29--GM Hughes’ price target was raised to $17 from $12 at Lehman. 7:15--LSI Logic said its Q2 EPS would be at the upper end of its outlook. 7:12--SuperValu was downgraded to neutral at JP Morgan. 7:00--Stocks are: S&P +5.00, Nasdaq +13.00. -Dollar is slightly higher this morning on continued beliefs that the US is going to grow faster than EU and Japanese economies, thus resulting in higher interest rate differential. -Eurozone Industrial confidence was -12 vs. -13. Consumer confidence also rose to -19 from -20. -Eurozone June CPI was +2.0% which was as expected and vs. +1.9% in May. -BOJ Gov. Fukui said he sees forex market relatively stable and doesn’t expect rapid appreciation of the yen. Japan’s Fukuda said the government would act as necessary on forex. -Palestinian militants agreed to a 3-mo. peace pact with Israel. Israel pulled out the Gaza strip as a result. -Nikkei -0.2%, FTSE +0.2%, DAX +1.1%. Positive: -Boeing received an order from All Nippon Airways for 45 Boeing 737 jets worth $2.4B. -Cendant made positive comments, suggesting it will meet or beat estimates and initiate a dividend. -Petsmart is initiating a dividend of 2c/sh. -Unisys received positive comments in Barron’s. -Microsoft received comments in Barron’s suggesting it should raise its dividend payout. Upgrades: -Intel was upgraded to outperform from inline at Smith Barney. -Intermune was upgraded to outperform from market perform at Wachovia. -Omnicare was added to JP Morgan’s focus list. Negative: -International Game Tech is acquiring Acres Gaming for $130M. -Panera Bread received negative comments in Barron’s. Downgrades: -National Semiconductor was downgraded to inline from outperform at Smith Barney. -FreeMarkets was downgraded to peer perform from outperform at Bear Stearns. Neutral: -

 

  By: LaSignoraMaria on Venerdì 27 Giugno 2003 17:05

Aggiorniamo il commento finanziario americano migliore che abbiamo: Friday June 27th 8:01--McCormick Q2 EPS was 28c/sh vs. 26c/sh consensus. 8:00--Wendy’s was downgraded to outperform from strong buy at SG Cowen. 7:54--MedImmune is raising its Q2 EPS outlook and confirming its full-year outlook. Full-year EPS guidance is 88c-93c/sh vs. 90c/sh consensus. 7:50--Interactive Corp received positive comments from Goldman Sachs. 7:35--Gilead Sciences 2003-2005 estimates were raised at JP Morgan. 7:30--May Personal Income was +0.3% vs. +0.3% expected. PCE was +0.1% vs. +0.2% expected. 7:25--Plum Creek was downgraded to underperform at Smith Barney. 7:17--Anixter warned that Q2 EPS would be 25c-27c/sh vs. 29c/sh consensus. Warned revenues would be $630M-$640M vs. $667M consensus. 7:13--Eli Lilly’s price target was raised to $78 at Lehman. It was downgraded earlier at Merrill Lynch. 7:08--Foot Locker was downgraded to neutral from buy at Merrill Lynch following yesterday’s Nike earnings. 7:00--Stocks are: S&P +2.00, Nasdaq +4.00. -Dollar mixed this morning. Dollar tone was stronger in recent days due to expectations of speedier US growth, especially compared to Europe, which has shown scant signs of growth. -French unemployment rose +9K vs. +12.5K expected and vs. +7K previously. -UK GDP was revised to +0.1% vs. +0.4% previously, which was the slowest in 11 years. UK Consumer Confidence rose to -2 from -3. -Swiss April leading indicators fell to a 7-year low at -1.02 vs. -0.87 in March. -A US soldier was killed today in an Iraqi ambush in Najaf. -Four were killed in Israeli raids on Hamas targets in Gaza. -Palestinian negotiators said there is ‘real progress’ in Israeli negotiations. -Nikkei +2.0%, FTSE +0.4%, DAX +0.1%. Positive: -Navigant Int’l guided Q2 EPS slightly higher to 25c-27c/sh vs. 25c/sh consensus. Guided revenues to $84M-$85M vs. $85.4M consensus. -NY Community Bancorp will buy Rosyln for $1.6B and will create the biggest savings and loan in New York. -FirstFed America will split its stock 2-for-1. -Genentech received FDA fast-track approval for its Avastin drug. -PNC Bank and OrthoLogic both received positive comments in Business Week, suggesting they could be takeover targets. Upgrades: -Altria was recommended by Smith Barney as a positive short-term trading idea. -AOL’s price target was raised to $19 from $17 at Morgan Stanley. -DaimlerChrysler’s price target was raised to €33 from €24 at Deutsche Bank. Talk of a spin-off of Chrysler is growing. -Dell Computer and T-Mobile entered an agreement to provide Wi-fi services. Negative: -Nike Q4 EPS was 92c/sh vs. 93c/sh expected. Revenues were $2.99B vs. $2.89B consensus. Company said that orders for the next 6 months are -10%. -Tektronix Q4 EPS was 12c/sh vs. 10c/sh consensus. Company guided Q1 EPS slightly down to 10c-12c/sh vs. 12c/sh consensus. -Abbott Labs will take a $622M charge for the settlement of an investigation of its Ross Products. It will equate to 34c/sh. Downgrades: -Eli Lilly was downgraded to neutral from buy at Merrill Lynch. -Scientific-Atlanta was downgraded to reduce from neutral at UBS. -Nike was downgraded to neutral from buy at Merrill Lynch. Neutral: -Raytheon said it will meet or exceed Q2 objectives. Said it will record $90M charge in Q2. Said charge relates to fact that it will not complete Fore River power facility by Jun 30th. Said total costs to complete MA power plants has increased.