Tuesday, January 12, 2010

Pre-market - 7th trading day of 2010 - 7:55 am

Futures down fairly big this morning after the turd dropped by Alcoa last night, along with the reduced earnings guidance by GameStop. It will also be fun to watch CNBC spin this into green shoots.



Today's economic calendar:
ICSC-Goldman Store Sales 7:45 AM ET
International Trade 8:30 AM ET
Redbook 8:55 AM ET
4-Week Bill Auction 11:30 AM ET
52-Week Bill Auction 11:30 AM ET
3-Yr Note Auction 1:00 PM ET

Today's earnings reports.
Before open:

GAP
The Great Atlantic & Pacific Tea Company, Inc.
Services
Grocery Stores
INFY
Infosys Technologies Ltd.
Technology
Technical & System Software
KBH
KB Home
Industrial Goods
Residential Construction
SVU
SUPERVALU Inc.
Services
Grocery Stores

After close:

EXFO
EXFO Electro Optical Engineering Inc.
Technology
Communication Equipment
FUL
HB Fuller Co.
Basic Materials
Specialty Chemicals
LLTC
Linear Technology Corp.
Technology
Semiconductor - Specialized
XRTX
Xyratex Ltd.
Technology
Data Storage Devices


Upgrades:

VDSI
VASCO Data Security International Inc.
Technology
Security Software & Services
PCX
Patriot Coal Corporation
Basic Materials
Industrial Metals & Minerals
JRJC
China Finance Online Co. Ltd.
Technology
Internet Information Providers
REG
Regency Centers Corporation
Financial
REIT - Retail
CF
CF Industries Holdings, Inc.
Basic Materials
Agricultural Chemicals
BWLD
Buffalo Wild Wings Inc.
Services
Restaurants
STX
Seagate Technology
Technology
Data Storage Devices
MFE
McAfee, Inc.
Technology
Security Software & Services
TLB
The Talbots Inc.
Services
Apparel Stores
SNI
Scripps Networks Interactive, Inc.
Services
CATV Systems
LRCX
Lam Research Corporation
Technology
Semiconductor Equipment & Materials
SSS
Sovran Self Storage Inc.
Financial
REIT - Industrial
SLG
SL Green Realty Corp.
Financial
REIT - Retail
PSA
Public Storage
Financial
REIT - Industrial
PPS
Post Properties Inc.
Financial
REIT - Retail
EXR
Extra Space Storage Inc.
Financial
REIT - Industrial
BRE
BRE Properties Inc.
Financial
REIT - Residential
AVB
Avalonbay Communities Inc.
Financial
REIT - Residential
YSI
U-Store-It Trust
Financial
REIT - Industrial
UDR
UDR, Inc.
Financial
REIT - Residential
PSB
PS Business Parks Inc.
Financial
REIT - Retail
LSE
CapLease, Inc.
Financial
REIT - Office
FPO
First Potomac Realty Trust
Financial
REIT - Diversified
EPR
Entertainment Properties Trust
Financial
REIT - Retail
CPT
Camden Property Trust
Financial
REIT - Residential
CDR
Cedar Shopping Centers Inc.
Financial
REIT - Retail
APKT
Acme Packet, Inc.
Technology
Communication Equipment
MEOH
Methanex Corp.
Basic Materials
Specialty Chemicals
CPHD
Cepheid
Technology
Scientific & Technical Instruments
LTD
Limited Brands Inc.
Services
Apparel Stores
CHG
CH Energy Group Inc.
Utilities
Diversified Utilities
TER
Teradyne Inc.
Technology
Semiconductor Equipment & Materials
ZRAN
Zoran Corporation
Technology
Semiconductor - Specialized
CTRN
Citi Trends
Services
Apparel Stores
UEIC
Universal Electronics Inc.
Consumer Goods
Electronic Equipment
RGC
Regal Entertainment Group
Services
Movie Production, Theaters
ASML
ASML Holding NV
Technology
Semiconductor Equipment & Materials
BP
BP plc
Basic Materials
Major Integrated Oil & Gas
CVX
Chevron Corp.
Basic Materials
Major Integrated Oil & Gas
PBR
Petroleo Brasileiro
Basic Materials
Oil & Gas Drilling & Exploration
INTC
Intel Corporation
Technology
Semiconductor - Broad Line
FRO
Frontline Ltd.
Services
Shipping
NAT
Nordic American Tanker Shipping Ltd.
Services
Shipping
OSG
Overseas Shipholding Group Inc.
Services
Shipping
PH
Parker Hannifin Corporation
Industrial Goods
Industrial Equipment & Components
CMG
Chipotle Mexican Grill, Inc.
Services
Restaurants
PNRA
Panera Bread Co.
Services
Specialty Eateries
RUTH
Ruth's Hospitality Group Inc.
Services
Restaurants
GLW
Corning Inc.
Technology
Communication Equipment


Downgrades:

MSB
Mesabi Trust
Financial
Diversified Investments
GPN
Global Payments Inc.
Services
Business Services
YGE
Yingli Green Energy Holding Co. Ltd.
Technology
Semiconductor - Integrated Circuits
PG
Procter & Gamble Co.
Consumer Goods
Personal Products
JAKK
JAKKS Pacific Inc.
Consumer Goods
Toys & Games
IMO
Imperial Oil Ltd.
Basic Materials
Oil & Gas Refining & Marketing
DIS
Walt Disney Co.
Services
Entertainment - Diversified
NU
Northeast Utilities
Utilities
Diversified Utilities
LTC
LTC Properties Inc.
Financial
REIT - Healthcare Facilities
HCN
Health Care REIT Inc.
Financial
REIT - Healthcare Facilities
WFSL
Washington Federal Inc.
Financial
Savings & Loans
FTE
France Telecom
Technology
Telecom Services - Foreign
CAKE
The Cheesecake Factory Incorporated
Services
Restaurants
PFCB
PF Chang's China Bistro Inc.
Services
Restaurants
ROK
Rockwell Automation Inc.
Industrial Goods
Industrial Electrical Equipment
BKC
Burger King Holdings Inc.
Services
Restaurants

15 REIT upgrades?  Give me a break!

Of note this morning:

From the WSJ - HOUSTON—Chevron Corp. warned investors Monday that it expects its fourth-quarter earnings to be lower than the previous quarter, driven by a sharp decline in profit from its refining and marketing business that overshadowed a 9% jump in production compared with the same quarter a year ago.

The second-largest U.S. oil company by market value after Exxon Mobil Corp. also said in an interim update that earnings at its exploration-and-production segment are expected ...

SEC order helps maintain AIG bailout mystery - Reuters

Fed income swells to record - Reuters
The Federal Reserve banks paid a record $46.1 billion to the Treasury in 2009 as aggressive bond purchases and lending to fight the financial crisis swelled its net income by nearly 47 percent to a record $52.1 billion.

US court skeptical of Fed push for bailout secrecy - Rueters
Redacted AIG filing might have spotted worst deals - More from Reuters - added 5:05 pm

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