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Futures and Commodity Market News |
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Sat May 17, 2008 |
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Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity Charts |
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(financialwire.net via COMTEX) -- May 9, 2008 (Financial Wire) Conference calls scheduled at 7:30 to 8:30 a.m. on Investrend Broadcast via partner BestCalls include Assured Guaranty Ltd. (NYSE: AGO), Omrix Biopharmaceuticals Inc. (NASDAQ: OMRI), Resource America Inc. (NASDAQ: REXI), Steinway Musical Instruments (NYSE: LVB), American International Group (NYSE: AIG), Windstream Corporation (NYSE: WIN), Security Capital Assurance Ltd (NYSE: SCA), Allied World Assurance Holding (NYSE: AWH). Conference calls are often impacted by market trends, geopolitical conditions, news coming from conferences and economic releases. (By Frank Kollar) The S&P 500 Index - SPX dropped on Wednesday, May 7, as oil prices reached new highs, a daily event of late. The Dow Jones Industrials - DJIA lost over 200 points while the SPX shed 25.69 points. Is this the start of the great unraveling? Has the rally hit its last new high? Last week we wrote that the first resistance level, marking the 50% retracement of the entire six month decline, was at SPX 1416. A close above this level would be bullish and forecast a run to at least SPX 1454. Tuesday's close was only a fraction above SPX 1416 and the next day the market sold off. When profit-taking occurs right at projected resistance levels, it is actually bullish. Look for higher highs over coming weeks, and maybe a bit more selling along the way to SPX 1454. The Investrend Earnings Calendar features Clear Channel (NYSE: CCU), expected at $0.21 versus $0.20 a year ago; Huntsman (NYSE: HUN), expected at $0.22 versus $0.24 a year ago; Liberty Media (NASDAQ: LINTA), expected at $0.13 versus $0.14 a year ago; Windstream Comm (NYSE: WIN), expected at $0.25 versus $0.21 a year ago. The Investrend Economics Calendar lists International Trade for March (8:30 a.m.). The Investrend Events Calendar showcases ARIA, ARQL, CEGE, PARD, ARRY, CELG at Leerink Swann & Company Conquering Cancer with Novel Therapeutics Conference; EPIX at Neurotech Industry Investing and Partnering Conference; KBP, RXII at IBC Life Sciences Drug Discovery & Development of Innovative Therapeutics Japan Conference; NOVL at Government Technology New Jersey Digital Government Summit; RTK at California Clean Innovation 2008; XRAY at JP Morgan Dental Equipment and Supplies Conference. 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 28 advancers versus 22 decliners. Advancers were led by Energy Conv Device (NASDAQ: ENER) up 43.38%, Crocs, Inc. (NASDAQ: CROX) up 14.46%. Decliners followed Hansen Natural Cor (NASDAQ: HANS) down 15.34%. Vote in the Investrend Poll Question of the Day (How much will a barrel of crude oil cost in six months?) at Investrend Information (http://www.investrendinformation.com). Investrend Website of the Day: http://www.couchsurfing.org Quote of the Day: "When your work speaks for itself, don't interrupt." Henry J. Kaiser Today is: Military Spouses Day, Provider Appreciation Day. Happy Birthday: Henry J. Kaiser, Hank Snow, Mike Wallace, Albert Finney, John Ashcroft, Candice Bergen, Billy Joel. Today in History: Lincoln Cathedral was consecrated in 1092. Christopher Columbus left Spain in 1502 for his fourth and final journey to the New World. The city of Reno, Nevada, was founded in 1868. Buffalo Bill's Wild West Show opened in London in 1887. The German submarine U-110 was captured in 1941, with the latest Enigma cryptography machine on board. Sam and Friends debuted in 1955 on a local US television channel, marking the first television appearance of both Jim Henson and what would become Kermit the Frog and the Muppets. The United States House of Representatives Judiciary Committee opened formal and public impeachment hearings against President Richard M. Nixon in 1974. [FirstAlert was created by Gayle Essary, founder of Investrend Communications, Inc., parent of Investrend Information (http://www.investrendinformation.com). The opinions expressed in FirstAlert do not necessarily reflect the opinions of Investrend.] FinancialWire" is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire" news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire" does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions. All FinancialWire" news is available at http://www.financialwire.net . Please address any inquiries to feedback@financialwire.net . Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 . http://www.financialwire.net |
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(C) 2008 financialwire.net, Inc. All rights reserved. ********************************************************************** As of Monday, 05-05-2008 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system, indicated an UPT Please read the End User Agreement. News provided by COMTEX |
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