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Market highlights for next week: Tyson (TSN), Wal-Mart (WMT) and Home Depot (HD) to report

Eric Buscemi — Fri, 09 Nov 2007 15:40:00 EST

Filed under: Earnings Reports, Forecasts, Law, Conventions and Conferences, Annual Meetings, Wal-Mart (WMT), Home Depot (HD), Bristol-Myers Squibb (BMY), Charles Schwab Corp (SCHW), Watson Pharmaceuticals (WPI), Tyson Foods'A' (TSN), Economic Data

Monday, November 12

Veterans' Day holiday.
Tyson Foods (NYSE: TSN) to report Q4 earnings. They are holding a conference call at 9am and a business update later at 10:45am.

Tuesday, November 13

Wal-Mart Stores (NYSE: WMT) to report Q3 earnings; pre-recorded conference call at 7am.
Home Depot (NYSE: HD) to report Q3 earnings; conference call at 9am.
Fed Reserve Governor Randall Kroszner is the Keynote Speaker at Standard & Poor's Banking Conference in New York at 1pm.

Wednesday, November 14

Fed Reserve Chairman Ben Bernanke is the Keynote Speaker at Cato Institute Annual Monetary Conference at 9:10am.
Macy's (NYSE: M) to report Q3 earnings; conference call at 10:30am.

Thursday, November 15

Charles Schwab (NASDAQ: SCHW) to hold business update conference call at 10:30am.
Nevada District Court: Bayer (NYSE: BAY) vs. Watson Pharmaceuticals (NYSE: WPI) on Patent Infringement Lawsuit over the generic birth control drug YAZ.

Friday, November 16

PDUFA date for Bristol Myers Squibb Company's (NYSE: BMY) Abilify.
PDUFA date for Impax Laboratories' (OTC: IPXL) Vadova.

Market highlights for next week: Tyson (TSN), Wal-Mart (WMT) and Home Depot (HD) to report originally appeared on BloggingStocks on Fri, 09 Nov 2007 15:40:00 EST. Please see our terms for use of feeds.

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Option update: Countrywide Financial (CFC) volatility aggressive (BHP, NVS)

Paul Foster — Thu, 16 Aug 2007 10:16:00 EST

Filed under: Adobe Systems (ADBE), Novartis AG ADS (NVS), Countrywide Financial (CFC), Options, BHP Billiton Ltd ADR (BHP)

Countrywide Financial (NYSE: CFC) volatility aggressive; draws on $11.5 billion credit facility.
CFC, the largest U.S. home mortgage lender, is down to $18.99 in pre-open trading, below its close of $21.29. CFC announced "it has supplemented its funding liquidity position by drawing on an $11.5 billion credit facility." CFC September option implied volatility of 164 is above its 26-week average of 56 according to Track Data, indicating larger price fluctuations.

BHP Billiton (NYSE: BHP) implied volatility elevated at 41.
BHP, the world's biggest mining company, said there was no impact at its Atamina copper mine from Peru's largest earthquake in more than 30 years. BHP overall option implied volatility of 41 is above its 26-week average of 34 according to Track Data, suggesting larger price fluctuations.

Novartis (NYSE: NVS) implied volatility elevated at 28.
NVS, engaged in research, development, manufacture and marketing of medicines, closed at $52.17. Dow Jones reported "a tie up of NVS and Bayer (NYSE: BAY) seems unlikely, says WestLB." NVS overall option implied volatility of 28 is above its 26-week average of 23 according to Track Data, suggesting larger price risk.

Volatility Index S&P 500 Options-VIX at 30.67; 10-day moving average is 25.20.

Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

More Countrywide Financial news

Peter Cohan: What the mortgage meltdown means to you
Eric Buscemi: George Bailey, meet Angelo Mozilo
Kevin Shult: Analyst downgrades: AN, CFC, DRI and RARE
Peter Cohan: Countrywide (CFC) meltdown continues
Michael Fowlkes: Countrywide Financial (CFC) adds to subprime panic
Peter Cohan: Could Countrywide Financial (CFC) be put down?
Sheldon Liber: Buy on fear today? Bear Stearns (BSC), Countrywide (CFC), IndyMac (IMB), Popular (BPOP), Washington Mutual (WM)

Option update: Countrywide Financial (CFC) volatility aggressive (BHP, NVS) originally appeared on BloggingStocks on Thu, 16 Aug 2007 10:16:00 EST. Please see our terms for use of feeds.

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Analyst initiations 7-11-07: BAY, DHI, FO and JNJ

Kevin Shult — Wed, 11 Jul 2007 11:07:00 EST

Filed under: Before the Bell, Analyst Reports, Johnson and Johnson (JNJ), D.R.Horton (DHI), Fortune Brands (FO), Analyst Initiations
MOST NOTEWORTHY: HouseValues, Inc (SOLD), Fortune Brands (FO), D.R. Horton (DHI), Dicks Sporting Goods (DKS) and USG Corp (USG) were some of today's noteworthy initiations:

Cantor believes HouseValues (NASDAQ: SOLD) may be a lagging indicator of the broader real estate market. As such, it may see its customer and revenue bases contract further in the face of still-sluggish housing data and started shares with a Hold rating.

Pali Research initiated Fortune Brands (NYSE: FO) with a Neutral rating based on valuation.

The firm also believes D.R. Horton's (NYSE: DHI) risk to book value and profitability is higher than some of the competition since the company has taken significantly less land charges. Shares were initiated with a Hold rating.

Dick's Sporting Goods (NYSE: DKS) was initiated with an Outperform at Baird and is positive on Dick's store expansion, market leadership, margin opportunities and fundamentals.

USG (NYSE: USG) was initiated with a Sell rating at Banc of America, believing wallboard price and profit declines will be worse than expected due to lower housing starts and less spending on remodeling. Their analysis suggests another leg down for housing...

OTHER INITIATIONS:

Morgan Joseph started Jamba, Inc (NASDAQ: JMBA) with a Buy rating.

Wachovia started Johnson & Johnson (NYSE: JNJ) with a Market Perform rating.

Baird started Golfsmith International Holdings (NASDAQ: GOLF) with a Neutral rating.

Merrill Lynch initiated Bayer AG (NYSE: BAY) with a Buy rating and UBS initiated QLogic (NASDAQ: QLGC) with a Neutral rating.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
Analyst initiations 7-11-07: BAY, DHI, FO and JNJ originally appeared on BloggingStocks on Wed, 11 Jul 2007 11:07:00 EST. Please see our terms for use of feeds.
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Market highlights for next week: Texas Instruments mid-quarter update

Eric Buscemi — Fri, 09 Mar 2007 16:30:00 EST

Filed under: Earnings Reports, Forecasts, Conventions and Conferences, Annual Meetings, Novartis AG ADS (NVS), Goldman Sachs Group (GS), QUALCOMM Inc (QCOM), Texas Instruments (TXN)
Monday March 12

Texas Instruments Incorporated (NYSE:TXN) mid-quarter update conference call at 5pm. Note that Stifel just upgraded Texas Instruments to Buy from Hold as they believe the mid-quarter update will show improving trends.

Tuesday March 13

Goldman Sachs Group Inc. (NYSE:GS) to report Q4 earnings; conference call at 4:30pm.

Qualcomm Incorporated (NASDAQ:QCOM) to hold annual shareholder meeting at 11:30am.

PDUFA Date for GlaxoSmithKline plc ADR's (NYSE:GSK) Tykerb, a breast cancer drug.

Wednesday March 14

Retailers Hot Topic Inc. (NASDAQ:HOTT) and Zumiez Inc (NASDAQ:ZUMZ) to report earnings. Hot Topic's Q4 conference call is at 4:30pm, Zumiez's Q4 conference call is at 5pm.

PDUFA Date for Novartis AG ADS's (NYSE:NVS) Tekturna, a treatment for high blood pressure.

Thursday March 15

Bayer AG ADS (NYSE:BAY) to report Q4 earnings; conference call at 6am.

Six Flags Inc (NYSE:SIX) to report Q4 earnings; conference call at 4pm. Note that earlier this week, Cramer specified Six Flags as a stock he was bullish on during the "Lightning Round" of his Mad Money television show.

Friday March 16

IMAX Corp (NASDAQ:IMAX) to report Q4 earnings; conference call at 8:30am.

AnnTaylor Stores Corporation (NYSE:ANN) to report Q4 earnings; conference call at 8:30am.

Market highlights for next week: Texas Instruments mid-quarter update originally appeared on BloggingStocks on Fri, 09 Mar 2007 16:30:00 EST. Please see our terms for use of feeds.
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