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InvestorGuide Daily Newsletter Daily Newsletter — 11/9/2009
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Market Analysis Earnings Upgrades/Downgrades

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

Stocks Begin the Week with a Rally

Investors started the week off with a bang and pushed the Dow Jones Industrial Average to a new 2009 high. All but 1 of the 30 components of the blue-chip index closed higher. The Dow's only decliner was Kraft Foods (KFT), which fell 0.9% after candy-maker Cadbury (CBY) rejected a $16.3 billion hostile bid from the food giant. Financial and commodity-related shares led the advance. A broad U.S. stocks rally started early in the session after the G20 decided to keep stimulus in place and flowing to the world economy. Corporate mergers and acquisitions also helped the market. With no significant economic indicators on Monday's docket, investors didn't find any news to put the brakes on earlier advances. U.S. oil for December delivery rose $2 to settle at $79.43 a barrel, after sinking almost 3% on Friday. Gold rose to a new record and the dollar fell against other major currencies. The 30-Year Treasury bond turned negative as government debt prices gave up some of the boost that followed a strong 3-Year note auction.

Word on the Street

Kraft (KFT) is still craving some of Cadbury's (CBY) chocolate. The North American food group launched a $16.4 hostile bid for the British confectionery firm. Cadbury quickly rejected the offer , but one of the company's top shareholders said investors would find it hard to turn down an offer of more than 8 pounds a share from the US suitor.

Video -- Kraft, Cadbury Deal Gets Hostile

In other acquisition news, Electronic Arts Inc (ERTS) has acquired privately held Playfish for $275 million in cash. The company is looking to strengthen its position in the growing Internet and wireless gaming segment. Google (GOOG) has agreed to acquire AdMob , a fast-growing start-up that developed technology to place ads on mobile phones, for $750 million in stock.

Cisco Systems Inc. (CSCO) extended its $3 billion tender offer for Tandberg ASA by nine days after some shareholders of the Norwegian videoconferencing company demanded a higher price.

The steep declines in the auto industry pushed some companies over the edge and forced them into bankruptcy court. General Motors emerged from bankruptcy earlier this year and now Lear. Corp has emerged from bankruptcy protection with a third-quarter profit.

Six new directors to join Lear board

Advanta Corp. (ADVN.B), once one of the largest credit card lenders to small businesses, filed to reorganize under Chapter 11 bankruptcy protection . The company's bankruptcy filing is a blow to small businesses .

Comcast (CCT) is inching closer to a deal with NBC Universal. Now that a price tag has been hashed out, a deal between the two companies is expected to be completed within the next few days. Demonstrators have already started to flock to Washington, D.C. to protest against the deal.

The Federal Reserve said fewer banks tightened lending standards for companies and consumers in the third quarter than in the prior period as the US economy grew for the first time in more than a year.

A Positive Trend in Small Bank Lending?

 

Other Juicy Tidbits

Winners & Losers of 2009 -- More than most years, 2009 has been about winners and losers.

8 stars speak out on Steve Jobs -- Eight people who rarely speak publicly about Jobs explain what makes him one of the best business minds of our time.

Did Modern Portfolio Theory Survive Crisis?

Think Like a Child -- Learn to think like a kid again and unlock your hidden potential.

3 ways to save money on health insurance.

Ten Ways To Audit Proof Your Tax Return -- There are steps you can take to reduce your chances of IRS pain.

Five Market Mistakes to Avoid -- Despite a rally, these remain tricky times for investors. Pros tell how to sidestep potential pitfalls for your portfolio.

Featured Article from the InvestorGuide University
Inflation and Interest Rates
Discover how inflation works and the affect it can have on the market. Also, learn about interest rates, what causes them to rise or drop, and why you should care.

Read the Full Article | Browse the InvestorGuide University

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Notable Quotable
If we find a company we like, the level of the market will not really impact our decisions. We will decide company by company. We spend essentially no time thinking about macroeconomic factors. - Warren Buffett

Previous Newsletters
November 6, 2009
November 5, 2009
November 4, 2009
November 3, 2009
November 2, 2009
Today's Reported Earnings
Company (Symbol) Reported Expected Last Year
Boots and Coots International Well Control (WEL) 0.01 0.01
Dendreon (DNDN) -0.4 -0.19
EchoStar Communications (DISH) 0.18 0.44 0.2
Energy Conversion Devices (ENER) -0.34 -0.31 0.29
GTx (GTXI) -0.35 -0.35 -0.33
Nationwide Health Properties (NHP) 0.56 0.56 0.56
New Frontier Media (NOOF) 0.05 0.03 0.06
Quicksilver Resources (KWK) 0.25 0.22 0.41
ROCKWELL AUTOMATION (ROK) 0.37 0.27 1.08
SEMPRA ENERGY (SRE) 1.27 1.19 1.24
Tesoro Petroleum (TSO) 0.24 0.01 1.63
View more earnings releases by date or by company here

Tomorrow's Expected Earnings
Company (Symbol) Expected Last Year
ArvinMeritor (ARM) -0.31 0.38
Atmos Energy (ATO) -0.08 0.02
Beazer Homes USA (BZH) -1.24 -12.29
Bob Evans Farms (BOBE) 0.48 0.37
Fossil (FOSL) 0.42 0.54
GigaMedia (GIGM) 0.09 0.19
Hewitt Associates (HEW) 0.63 0.5
Medarex (MEDX) -0.34 -0.34
Pan American Silver (PAAS) 0.21 0.14
Progenics Pharmaceuticals (PGNX) -0.44 -0.41
Ralcorp Holdings (RAH) 1.24 0.82
Steak n Shake Company (SNS) 0.12 -0.32
Tyco (TYC) 0.54 0.81
Weight Watchers (WTW) 0.64 0.7

Top Analyst Upgrades
Company Analyst Rating
Questar Corp. Earlier, Goldman Sachs Buy
J.B. Hunt Transport Avondale Securities Outperform
Suncor Energy BMO Capital Outperform
ArcelorMittal MF Global Buy
Exide Technologies Ardour Capital Buy
St. Mary Land & Exploration Howard Weil Market Outperform
Shanda Interactive Entertainment Citi Hold
GMX Resources SMH Capital Accumulate
Motorola Standpoint Research Buy
East West Bancorp Sandler O'Neill Hold
Capital Senior Living Stifel Nicolaus Buy
Banco Bilbao Vizcaya Argentaria SA Natixis Bleichroeder Add
Affiliated Managers Fox Pitt Kelton In-Line
Trico Marine Services Jefferies & Co Hold
Northrop Grumman Jefferies & Co Buy
Petroleum Development Corp SunTrust Buy
Revlon BMO Capital Markets Outperform
Energizer Morgan Stanley Overweight
JA Solar Morgan Stanley Overweight
Medical Action Roth Capital Buy
Astec Industries Baird Outperform
AstraZeneca RBS Buy
Hercules Offshore Credit Suisse Outperform
shares of Abercrombie & Fitch An analyst at Credit Suisse has Outperform this morning
Pride International Jesup & Lamont Buy
Top Analyst Downgrades
Company Analyst Rating
Tenaris S.A. Natixis Bleichroeder Reduce
Intrepid Potash RBC Sector Perform
Abiomed Lazard Capital Hold
Stone Energy Capital One Southcoast Neutral
Gap, Inc. Barclays Equalweight
Charles River Labs Barclays Equal Weight
AstraZeneca J.P. Morgan Underweight
CardioNet Brean Murray Hold
Red Hat, Inc. Goldman Sachs Neutral
EOG Resources Inc. Goldman Sachs Neutral
NV ENERGY Wunderlich Securities Hold
Scripps Network Interactive Wunderlich Securities Hold

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