The Kirk Report |
| Posted: 20 Jul 2009 05:28 AM PDT
Top headlines include an optimistic survey showing that almost half of U.S. companies believe sales have already bottomed out and their hiring outlook is starting to improve, a last-minute rescue package for CIT, Goldman Sachs raises its year-end S&P 500 price target to 1060 from 940, and Hong Kong's Hang Seng ended today's trading session higher by +3.7%. Other headlines in focus include a high rate of commercial mortgage charge offs, regulators closed four more banks on Friday, Human Genome's lupus drug succeeds in a clinical trial, Cuomo plans to sue Charles Schwab for civil fraud, and SAP has proposed to acquire SAF Simulation, Analysis & Forecasting. Premarket gainers: HGSI, CIT, OREX, SPPI, RHT, CHLN, PETS, GSK, AEM, CAT, ACH, CSCO, IMMU, MT, BP, GOLD, YHOO, CNO, CISG, ARNA, IBN, HL, & EDC. Premarket losers: INFN, BKH, NGA, EWBC, RT, FMER, DDSS, FXP, WFT, EDZ, SMN, ERY, KNOL, ADCT, EEV, AGNC, SPAR, ODP, SCO, LSI, & TYP. At 10:AM we have today's only economic report on Leading Indicators. This afternoon at 1:30 PM Fed's Lockhart speaks on the economic outlook. Keep in mind that tomorrow Ben Bernanke will give his semi-annual monetary policy testimony to House Financial Services Committee in Washington. Much like last week, earnings will remain front and center and after the closing bell Texas Instruments (TXN) will be a market mover. Let's make it a great week! |
Good morning. Following continued strength in overseas markets, premarket futures are pointing to a strong start to the trading week. | 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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