FirstAlert[tm] 4/20: It’s The Earnings
April 20, 2009 (FinancialWire) - The stock market managed the sixth consecutive week of gains last week. This week and next, it faces a formidable foe in earnings calls. Barring surprises, the news in that arena isn’t expected to be good. Except for those expecting more lows before diving back into the market. Maybe a few big names can buck the down trend enough to spark some faith in stockholders. At least enough they’ll tread water rather than plunge for the bottom. Again.
The Investrend Earnings Calendar features Allegiant Travel (NASDAQ: ALGT), expected at $1.26; Badger Meter (NYSE: BMI), expected at $0.38; Boston Scientific (NYSE: BSX), expected at $0.12; Halliburton (NYSE: HAL), expected at $0.41.
The Investrend Economics Calendar lists Leading Indicators Index for March (10 a.m.), Treasury announces 5-year TIPS (11 a.m.), Treasury auctions 3&6-month bills (1 p.m.).
The Investrend Events Calendar showcases ACOR, EMIS at New York Biotechnology Association Annual Meeting; CCOI, FIRE at America’s Growth Capital InfoSec and West Coast Emerging Growth Conference; CR Shareholders Meeting; DNR, CXO, AXAS, STR at Independent Petroleum Association of America Oil & Gas Investment Symposium New York Conference; GPC Shareholders Meeting; LLY Shareholders Meeting; TOL Brothers Shareholders Meeting.
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 32 advancers versus 17 decliners and one unchanged. Advancers were led by Dryships Inc. (NASDAQ: DRYS) up 29.19%, Level 3 Communications, Inc. (NASDAQ: LVLT) up 20.39%, Huntington Bancshares Incorpora (NASDAQ: HBAN) up 17.52%, E*Trade Financial Corporation (NASDAQ: ETFC) up 13.16%, Fifth Third Bancorp (NASDAQ: FITB) up 11.81%, Bb&T Cp (NYSE: BBT) up 11.15%, Motorola Inc (NYSE: MOT) up 9.02%, Regions Financial Cp (NYSE: RF) up 7.91%, M G M Mirage (NYSE: MGM) up 6.78%. Decliners followed Citigroup Inc (NYSE: C) down 8.98%.
Vote in the Investrend Poll Question of the Day at Investrend Information (http://www.investrendinformation.com).
Investrend Website of the Day: http://www.bostonmarathon.org/
Quote of the Day: “As you grow older, you’ll find the only things you regret are the things you didn’t do.” Zachary Scott
Today is: Boston Marathon.
Happy Birthday: Harold Lloyd, Lionel Hampton, Tito Puente, George Takei, Ryan O’Neal, Jessica Lange, Veronica Cartwright, Don Mattingly, Carmen Electra.
Today in History: Lieutenant James Cook’s expedition (first voyage) made first sighting of eastern Australian coastline in 1770, naming the spot Cape Hicks. U.S. Congress passed an act in 1836 creating the Wisconsin Territory. The first pasteurization test was completed in 1862 by Louis Pasteur and Claude Bernard. Western Electric and Warner Bros. announced Vitaphone in 1926, a process to add sound to film. Pierre Trudeau succeeded Lester B. Pearson in 1968 as prime minister of Canada. Apollo 16 landed on the Moon in 1972.
[FirstAlertTM was created by Gayle Essary, founder of Investrend Communications, Inc., parent of Investrend Information (http://www.investrendinformation.com). The opinions expressed in FirstAlertTM do not necessarily reflect the opinions of Investrend.]
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