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Market highlights for next week

Monday, March 3
Tuesday, March 4
  • PDUFA date for MGI Pharma's sNDA for Aloxi for Post-Operative Vomiting. Note that MGI was bought by Eisai Co., Ltd. (OTC: ESALY).
  • Staples, Inc. (NASDAQ: SPLS) to report Q4 earnings; conference call at 8:00am.

Continue reading Market highlights for next week

Option update 12-10-07: GE volatility higher ahead of annual outlook

General Electric (NYSE: GE) CEO Jeffrey Immelt will host GE's annual performance review and business outlook meeting on December 11. GE overall option implied volatility of 26 is above its 26-week average of 24 according to Track Data, suggesting larger risk.

Boeing (NYSE: BA) will give a mid-quarter update on the 787 Dreamliner program on December 11th. Jeffries says, "We feel comfortable with our $122 price target." BA overall option implied volatility of 28 is near its 26-week average of 27 according to Track Data, suggesting non-directional risk.

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

Market highlights for next week: Same Store Sales numbers due out

Monday March 5
  • Landstar Systems Inc (NASDAQ: LSTR) to hold Q1 mid-quarter update conference call at 2pm.
  • Federal Reserve St Louis Bank President William Poole to speak at 11am, Federal Reserve Governor Kevin Warsh to speak at 2pm.
Tuesday March 6
  • International Game Technology (NYSE: IGT), a "global company specializing in the design, development, manufacturing, distribution and sales of computerized gaming machines and systems products," to hold its annual shareholder meeting at 1pm.
Wednesday March 7
  • Saks Inc (NYSE: SKS) to hold Q4 earnings conference call at 10am.
  • PDUFA date for Abbott Laboratories (NYSE: ABT) Humira, a Tumor Necrosis Factor blocker, which is used to reduce the signs and symptoms of arthritis.
  • PDUFA date for Merck and Co Incs (NYSE: MRK) Janumet, a treatment for Type 2 Diabetes.
Thursday March 8
  • Monthly Same Store Sales to be reported by Wal-Mart Stores (NYSE: WMT), Target Corporation (NYSE: TGT), Aeropostale Inc (NYSE: ARO), Kohl's Corporation (NYSE: KSS), Pacific Sunwear of California Inc (NASDAQ: PSUN), Abercrombie & Fitch Co (NYSE: ANF), Gap Inc (NYSE: GPS) Nordstrom Inc (NYSE: JWN) and J.C. Penney Co Inc (NYSE: JCP).
Friday March 9
  • PDUFA date for Eli Lilly and Company's (NYSE: LLY) Cymbalta, a treatment for depression.

Symbol Lookup
IndexesChangePrice
DJIA-120.9210,343.48
NASDAQ-26.312,149.74
S&P 500-14.601,096.03

Last updated: November 27, 2009: 12:00 PM

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