(financialwire.net via COMTEX) –WEC | news |PowerRating | PR Charts — February 5, 2008 (Financial Wire) Conference calls scheduled at 2 to 2:30 p.m. on Investrend Broadcast via partner BestCalls include Colonial Properties Trust (NYSE: CLP), Emerson Electric Co. (NYSE: EMR), Kimball International (NASDAQ: KBALB), Wisconsin Energy Corporation (NYSE: WEC), Alexander & Baldwin Inc. (NASDAQ: ALEX), IDEX Corporation (NYSE: IEX).
Conference calls are often impacted by market trends, geopolitical conditions, news coming from conferences and economic releases.
(By Philip Holmes) Stocks suffered on Monday as investors could not get the possibility of an ugly recession out of their heads. Financial stocks got the evil eye as UBS downgraded American Express, Capital One Financial and Discovery Financial Services into “sell” territory. Bond insurers Ambac Financial and MBIA Inc. lost another avenue of maintaining their own investment-grade ratings after several leading private equity firms sounded unlikely to participate in a possible bailout of the companies. There was also bad news from the manufacturing sector as the Street obsessed on disappointing December numbers on both vehicle sales and overall factory orders. Microsoft’s $44.6 billion bid for Yahoo came under attack from both rival Google and suspicious regulators in both the U.S. and Europe. Google CEO Eric Schmidt is said to be in talks with Yahoo CEO Jerry Yang, while antitrust teams on both sides of the Atlantic are taking notice of the potential combination. The deal that looked to be the feel good story of a bleak winter season may just go into turnaround. And what a season it has been thus far. BusinessWeek reports that the Street is off to its worst start in eighteen years, with the S&P 500 index off 6.1% in January. There’s nothing in the wind to favor a turnaround any time soon. Housing prices keep falling, as do manufacturing numbers. Investors look with dismay at the unfolding catastrophe at Ambac and MBIA, and see a near-term bailout as an essential part of stabilizing the financial sector. But, as we see from Monday’s news, even the once-daredevil private equity firms are backing off on participating in that action. BW also reported on America’s sputtering job creation engine. Since the end of 2001 the U.S. has added a mere seven million jobs. Compare that, as BW does, to the 24 million the world’s largest economy gained from the lowest point of the 1991 recession through the top of the cycle in early 2001. With credit maxed out and quality jobs scarce, it’s hard to find a happy place for the U.S. economy to run to in the near term. True, the global economy may look mighty in places, the months to come will surely test any theories that a sputtering U.S. can rely on unperturbed economies elsewhere for a lift. Is the rest of the world uncoupled? We’ll see.
The Investrend Earnings Calendar features Separcor (NASDAQ: SEPR), expected at $0.54 a year ago versus $0.85, Toyota Motor Corp. (NYSE: TM), expected at $2.21 versus $2.26, VF Corp. (NYSE: VFC), expected at $1.42 versus $1.24, Walt Disney. (NYSE: DIS), expected at $0.52 versus $0.49.
The Investrend Economics Calendar lists Weekly Chain Store Sales (8:55 a.m.), ISM Services Index for January (10 a.m.).
The Investrend Events Calendar showcases Banc of America Securities MBA CREF Multifamily Housing Client Event, Credit Suisse- 2008 Financial Services Forum, DLM at Goldman Sachs Consumer/Retail Leveraged Finance Conference, DNR, HAL, CHK, CXG, HERO, STG at Credit Suisse Group Energy Conf, GR, DCO, RTN, ATRO at Cowen and Company Aerospace/Defense Conference, MSFT, CHK, AMGN, SUN at American Legal Media (ALM) Legaltech-NY Conference, RHT, ACS, MSCC, MSPD, NETL, TTMI, ITRI, NSM, CSGC at Thomas Weisel Partners 2008 Technology Telecom Internet Conference, ZMH, CMED, brL, SGEN, ALKS, ALXA at Merrill Lynch 19th Global Pharmaceutical, Biotechnology & Medical Device 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 nine advancers versus 39 decliners and two unchanged. There were no significant advancers. Decliners followed Washington Mutual (NYSE: WM) down 12.19%, Wachovia Cp (NYSE: WB) down 8.33%, Wells Fargo & Co New (NYSE: WFC) down 6.72%.
Vote in the Investrend Poll Question of the Day at Investrend Information (http://www.investrendinformation.com).
Investrend Website of the Day: http://www.infobel.com/teldir/
Quote of the Day: “Character is what you are in the dark.” Dwight L. Moody
Today is: Weatherman’s Day.
Happy Birthday: Dwight L. Moody, Red Buttons, Adlai Stevenson, Hank Aaron, H.R. Giger, Al Kooper, Darrell Waltrip, Barbara Hershey, Jennifer Jason Leigh.
Today in History: Roger Williams immigrated to Boston in 1631. South Carolina became the first state to ratify the Articles of Confederation in 1778. The Oregon Spectator became the first newspaper on the Pacific coast of the United States in 1846. Phoenix, Arizona, was incorporated in 1881. King Leopold II of Belgium established the Congo in 1885 as a personal possession. Charlie Chaplin, Mary Pickford, Douglas Fairbanks, and D.W. Griffith launched United Artists in 1919. The Royal Greenwich Observatory began broadcasting in 1924 the hourly time signals known as the Greenwich Time Signal or the “BBC pips.” Charlie Chaplin released in 1936 the last movie of the silent film era, Modern Times. Alan Shepard and Edward Mitchell walk on the Moon for four hours in 1971. Morgan Stanley and Dean Witter investment banks announced a $10 billion merger in 1997.
[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.]
For up-to-the-minute news, features and links click on http://www.FinancialWire.net
FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation from any company for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp
For a free annual report on a company mentioned in the news, please click on http://investrend.ar.wilink.com/?level=279
To become an investor monitor of independent research for a company in which you are invested, go to the not-for-profit Shareholders Research Alliance, Inc. website by clicking on http://www.shareholdersresearch.com/
The FinancialWire NewsFeed is now available in multiple formats to your site or desktop, free. Click on: http://www.investrend.com/XmlFeeds?level=268
All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here.This information is NOT a recommendation or solicitation to buy or sell any securities.Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use.Please click the link to view those terms. Follow this link to read our Editorial Policy.
tradingmarkets.com
Tags: jason,
leopold