The Kirk Report |
| Posted: 13 Jul 2009 05:37 AM PDT
Top headlines in focus include a comment by Geithner regarding more stimulus, a better than expected earnings report from Philips Electronics, CIT scrambles to survive suggesting that its failure will precipitate a crisis for as many as 300,000 retailers, the battle between Microsoft and Google is heating up, more tough times for major American magazines, and a dim outlook for U.S. airlines. Premarket gainers: RINO, OSIP, CPHD, ARST, FEED, SJT, CROX, AIG, FITB, SNDK, HBAN, GS, DAN, BAC, STP, HUN, CTIC, DFS, & VMC. Premarket losers: BEAT, FAST, CIT, LPX, EXPD, ABG, PKI, AXL, DEL, EBS, CEDC, CYOU, IPI, SPPI, CELL, STEC, HOKU, TSM, BCS, GOLD, & ICO. While there are no market-moving earnings or economic releases in store for this morning, we have the 2PM Treasury Budget and earnings from Csx (CSX) & Novellus Systems (NVLS) after the closing bell. The next big catalyst on the calendar is tomorrow morning's retail sales report and earnings from Goldman Sachs which is rumored to report at least $2 billion in profits. Ahead of Goldman's report, Meredith Whitney is out recommending its shares this morning. Again, there are big hopes that we'll see a positive reactions to this week's earnings reports. No doubt, a fair amount of disappointment will follow if that doesn't pan out. Let's make it a great week! |
Good morning. Premarket futures are pointing slightly higher in a relatively volatile premarket session. Overall news flow remains on the slow side as we head into a big week for earnings. | You are subscribed to email updates from The Kirk Report To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
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