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InvestorGuide Daily Newsletter Daily Newsletter — 10/12/2009
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Market Analysis Earnings Upgrades/Downgrades

Slideshow: 10 Major Economics Reports.

There is a lot of economic data released each week but there are some reports that hold special significance. Regardless of if you follow the markets passively or actively, make sure these blockbuster economic reports are always on your radar lest you run the risk of getting blindsided by market sentiment.

View the Slideshow!

If you want to know what was dominating the markets today, read on:

Rally Peters Out

Investors cut gains back down to size on Monday following a strong start during the morning. Trading was light due to the observance of Columbus Day. Stocks started the day off with a roar as the Dow Jones Industrial Average edged closer to the 10,000 mark. It has been over a year since the index closed at this level. Positive results from Dow components such as Bank of America (BAC) and General Electric (GE) may push the DJIA over this monumental level this week. The positive momentum petered out by mid-afternoon, but the Dow and the S&P 500 still managed to finish the day slightly higher. The Nasdaq fell just below the flat line during the last hour of the session. Shares of Cisco (CSCO), Hewlett-Packard (HPQ), and Dell (DELL) were some of the biggest decliners in the tech sector. A weaker dollar and a spike in oil prices above $73 drove energy and materials prices higher. Treasury prices tumbled, raising the yield on the 10-year note to 3.38% from 3.30%.

Buzzworthy News

Bankruptcy filings don't discriminate. The Chicago Cubs filed for bankruptcy as part of a plan by owner Tribune Co. to sell the baseball team to the family of TD Ameritrade Holding Corp. founder Joe Ricketts. The new owners are looking to make a fresh start .

Black and Decker (BDK) is hammering its way to higher earnings for the third-quarter. The company boosted its third-quarter earnings forecast aided by a lower tax bill and ahead-of-schedule shipments of promotional items.

Symantec (SYMC) has decided to give Digital River (DRIV) the blue screen of death. The company announced plans to move all online sales of its Norton antivirus software now handled by Digital River in house with the hopes of boosting earnings.

Citigroup Inc. (C) has been slapped with a $600,000 fine from FINRA. America's number three bank was assessed the fine following regulator's claims that it inadequately monitored complex stock-trading strategies to minimize its potential tax liabilities

KB Home (KBH) may be in some more quick drying cement. The homebuilder is reportedly under investigation by the Securities and Exchange Commission over possible accounting and disclosure violations.

It looks like venture capital firms will be stuck on a bumpy path for a while. Fundraising activity among venture capitalists has declined for the second consecutive quarter.

Venture Capitalists Need Money, Too

The majority of the people affiliated with the National Association of Business Economists believe that the recession is over and the expansion has begun. The recession may be over, but recovery is painful .

Video -- NABE: Recession Over

Sidekick users who lost their data won't be getting it back. Some T-Mobile customers that use the device suddenly found themselves without address books, calendars, e-mails and photos. Apparently Microsoft's (MSFT) subsidiary Danger experienced technical difficulties which led to the lost of data.

Royal Philips Electronics (PHG) surprised analysts and posted net income of $257 million in the third quarter. This was a big step up from the net income of $84 million that it reported last year.

 

Other Juicy Tidbits

Regular email is no longer the king and here's why .

In the markets, a few simple steps can help keep one's emotions at bay.

How the public option , helped by a congressman looking for an issue and a shrewdly silent White House, returned from the brink.

Four Stages of Market Turning Points

The man behind 2009's biggest bank bust -- He built Alabama's Colonial Bank into a real estate money machine, only to see it become the largest bank failure this year.

Best Jobs in America: 10 highest-paying


Featured Article from the InvestorGuide University
Credit Reports
Explains the concept of a credit report, and describes information found on a credit report, including identifying information, credit information, public record information, and inquiries.

Read the Full Article | Browse the InvestorGuide University

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Previous Newsletters
October 9, 2009
October 8, 2009
October 7, 2009
October 6, 2009
October 5, 2009
Today's Reported Earnings
Company (Symbol) Reported Expected Last Year
Fastenal Company (FAST) 0.32 0.33 0.52
View more earnings releases by date or by company here

Tomorrow's Expected Earnings
Company (Symbol) Expected Last Year
Altera (ALTR) 0.19 0.31
CSX (CSX) 0.71 0.94
Heartland Express (HTLD) 0.16 0.17
Immersion (IMMR) -0.26 -0.1
Intel (INTC) 0.27 0.35
JOHNSON & JOHNSON (JNJ) 1.13 1.17
Linear Technology (LLTC) 0.24 0.48

Top Analyst Upgrades
Company Analyst Rating
TechTarget JMP Securities Market Outperform
Hot Topic Longbow Research Buy
Alcatel-Lucent Societe Generale Hold
Allstate Atlantic Equities Neutral
Delhaize Group SA Bank of America Neutral
PT Indosat Tbk Morgan Stanley Overweight
Omega Healthcare Stifel Nicolaus Buy
W.W. Grainger Credit Suisse Outperform
Burlington Northern Santa Fe Davenport Buy
PG&E Corp Jefferies Buy
ESCO Technologies BB&T Capital Buy
Build-A-Bear Workshop BMO Capital Outperform
Amgen UBS Buy
W.W. Grainger BB&T Capital Buy
Plum Creek Timber J.P. Morgan Neutral
Citrix Systems (Nasdaq: CTXS) and VMware Jefferies & Co Hold
Kroger J.P. Morgan Overweight
Polaris Industries Citi Buy
PPD, Inc Baird Outperform
BlackRock Kelso Capital Wells Fargo Outperform
Infosys Technologies Ltd. Wells Fargo Market Perform
American Eagle Outfitters Susquehanna Positive
Abercromie & Fitch Pali Research Buy
SemGroup Energy Partners, L.P. Wells Fargo Outperform
Top Analyst Downgrades
Company Analyst Rating
Integrys Energy Group Baird Neutral
First Solar Pacific Crest Sector Perform
MDS Inc. Jefferies & Co Hold
Cameron International HSBC Neutral
Nokia HSBC Neutral
Veolia Environnement HSBC Neutral
I-Flow Roth Capital Hold
Anadarko Petroleum SunTrust Neutral
DreamWorks Animation Thomas Weisel Marketweight
Brocade Oppenheimer Perform
SanDisk UBS Sell
Onyx Pharmaceuticals Cowen Market Perform
NVIDIA Corp. Pacific Crest Underperform
LKQ Corp Barrington Research Market Perform
Gannett Sidoti Neutral
Digital River Lazard Capital Hold
Lockheed Martin Cowen & Co Neutral

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