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Daily Archives: March 1, 2007

ISM Manufacturing Index for February 2007; The PMI Returns to the Black

Posted: March 1, 2007 at 11:03 am

The Institute for Supply Management just released its monthly manufacturing Report on Business survey (the old PMI), and the results came in with a slightly-positive reading of 52.3, up from ...
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Markets Tossing Out Even Defensive Stocks

Posted: March 1, 2007 at 9:49 am

We won't try to peg the exact market reading for you, but the market is going far further than defensive right out of the chute this morning.  The DJIA had ...
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The Curious Case Of Ciena’s Sell Off

Posted: March 1, 2007 at 9:28 am

Ciena (CIEN) reported what appeared to be strong earnings. Revenue rose 37% from the quarter last year to $165 million. But, the sequential increase from the immediately previous quarter was ...
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Deciphering Sears’ Earnings

Posted: March 1, 2007 at 9:26 am

Sears Holdings Corporation (SHLD-NASDAQ) has reported net income of $820 million, or $5.33 diluted EPS, for the quarter ended February 3, 2007.  This compares with net income of $648 million, ...
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McDonald’s And Starbucks: The Coffee Wars

Posted: March 1, 2007 at 8:55 am

The Wall Street Journal is reporting that McDonald's (MCD) will be offering lattes and other high-end coffees soon. And the pricing will be about $1 below comparable products at Starbucks ...
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NYSE Electronic Probe Bites Its Hands (NYX, NASDAQ)

Posted: March 1, 2007 at 8:25 am

The New York Stock Exchange (NYX-NYSE) is being looked at by the SEC over its trading glitch and whether or not the switch to an all-electronic trading platform was partially ...
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Pre-Market Analyst Summary (MAR 1, 2007)

Posted: March 1, 2007 at 8:03 am

AAPL raised to Overweight at Lehman.AIMC cut estimates at RWBaird.BMY raised to Buy at UBS.CBS reitr Buy at UBS.CC cut to Mkt Perform at Piper Jaffray.CMVT raised to Outperform at ...
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Pre-Market Stock News (MAR 1, 2007)

Posted: March 1, 2007 at 8:00 am

(ALNY) Alnylam and Isis announce allowance of first U.S. Patent covering human microRNAs.(ALO) Alpharma said the FDA approved its Kadian new 200mg strength.(APPB) Applebees announced negative February same store sales.(CGPI) ...
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Earlybird Analyst Calls (MAR 1, 2007)

Posted: March 1, 2007 at 7:29 am

AIMC cut estimates at RWBaird.BMY raised to Buy at UBS.CBS reitr Buy at UBS.CMVT raised to Outperform at FBR.DBRN raised to Buy at SunTrust Robinson Humphrey.DCP cut to Sector Perform ...
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Oracle Turns Its Guns On Business Objects

Posted: March 1, 2007 at 6:12 am

Oracle (ORCL) is buying business-intelligence company Hyperion (HYSL) for a premium North of 20% in a deal worth about $3.3 billion. SAP (SAP), Orcacle's largest rival, markets its software to ...
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Satellite Broadband? Bad News For Verizon

Posted: March 1, 2007 at 5:52 am

DirecTV (DTV) is looking at delivering broadband through its satellite system, according to FT.com. Liberty Media (LBTYA), which is taking a large stake in the satellite TV company, has extensive ...
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Blockbuster’s Download Plans Could Be Hard On Competition

Posted: March 1, 2007 at 5:40 am

Blockbuster (BBI) is in talks to buy movie download service Movielink. The plan has one gigantic flaw. It happens a year or two too late.But, it is still not good ...
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Europe Markets 3/1/2007 Reuters, Vivendi Up, Deutsche Telekom Down

Posted: March 1, 2007 at 5:30 am

Stocks: (BCS)(BP)(BT)(GSK)(PUK)(RTRSY)(UN)(VOD)(BAY)(DCX)(DT)(DB)(SAP)(SI)(ALU)(AXA)(FTE)(STM)(V)Markets in Europe were higher at 5.30 AM New York time.The FTSE was up .7% to 6,214. Barclays was up .5% to 744. BP was up .9% to 526.5. ...
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Media Digest 3/1/2007 Reuters, WSJ, NYTimes, Barron’s, FT

Posted: March 1, 2007 at 5:01 am

According to Reuters, US bank regulators are about to issue guidelines for the sub-prime mortgage industry. The sector has been hurt by default rates.Reuters writes that Ford (F) estimates that ...
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Asia Markets 3/1/2007 Toyota, Softbank Down

Posted: March 1, 2007 at 4:43 am

Stocks: (CAJ)(FUJ)(TM)(HIT)(HMC)(NIPNY)(SNE)(CHL)(CHU)(CN)(HBC)(PCW)Asia markets fell sharply.The Nikkei was off .9% to 17,453. Softbank fell 7.3% to 2785 and Toyota fell almost 3.7% to 8020. Bridgestone was down .4% to 2480. Canon ...
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