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Old 12-17-2003, 10:05 AM
jjgold jjgold is offline
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Default Stock Reports Wednesday

07:05 ET Microsoft Playstation captures 50% market share- independent study (MSFT) 27.06: Study by market research company NPD Group reports that demand for PlayStation hardware and software is driving industry at large, PlayStation products lead the industry with more than $500 mln in total videogame sales for Nov. Sales of PlayStation products total $3.3 billion in revenue year-to-date, more than 50 percent of the total industry volume. NPD also says Sony Computer Entertainment America fan base expanding, driven by Playstation's invigoration of the vid game market in general.
07:04 ET WSJ highlights bank stocks and loan growth concerns : The Wall Street Journal's "Heard on the Street" column highlights banks given their interest in lending to businesses that are not exactly itching to get money again. According to the article, the bread and butter businesses of banks being commercial and industrial lending has been stuck in "neutral". William S. Demchak, vice chairman and chief financial officer of PNC, predicts there will be a divergence in the share-price performances of banks, depending on how much of their revenues come from interest income connected to lending and on their ability to hedge interest-rate risk. The article notes large banks such as C and JPM don't appear to be particularly vulnerable. However, most of the nation's regional banks such as CMA and KEY are likely to feel the pressure.
07:03 ET Early Research Calls : Wachovia upgrading EXTR to Mkt Perform from Underperform... Lehman upgrading TE to Equal Weight from Underweight... Merrill Lynch upgrading EV and LEN to Buy from Neutral, while downgrading GBL to Neutral from Buy... Deutsche Bank downgrading RJR to Hold from Buy... JP Morgan raising 2004 capex estimate on INTC... Smith Barney adding CCL to Recommended List, removing ERTS... Piper Jaffray upgrading ORB to Outperform from Mkt Perform.... JMP Sec starts CPKI with an Underperform and thinks shares should trade at $14... AG Edwards resumes coverage of Hardware group starting DELL with Buy ($50 tgt) and HPQ with Buy ($26 tgt)... Merrill Lynch also reinstating coverage of ERTS and TTWO with Buy ratings; also firm also adding RTN to Focus List in place of NOC.
06:55 ET InterMune reports interim results of Hepatitis C drug study (ITMN) 22.94: Company announces interim results from study evaluating clinical use of its Infergen (interferon alfacon-1) plus Actimmune (interferon gamma-1b) in combination for the treatment of chronic Hepatitis C nonresponders. After 12 weeks of therapy with Infergen and Actimmune, 38% of nonresponder patient group had undetectable levels of virus in their blood, 65% of the patients had at least a 2 log decline in viral load. No patients discontinued therapy. ITMN calls results "encouraging", however important data points on sustained virologic response have yet to be collected.
06:50 ET Eclipsys solution selected by Canadian hospital (ECLP) 10.25: Company announces Calgary Health Region has selected its SunriseXA advanced clinical solution and workflow modules, will implement in 4 hospitals. Calgary Health Region is long time ECLP client, been using company's products since 1989.
06:40 ET S&P futures vs fair value: -2.2. Nasdaq futures vs fair value: -7.5.
06:39 ET European Markets FTSE...4345.20...+12.20...+0.3%. DAX...3853.64...-12.39...-0.3%.
06:39 ET Asian Markets Nikkei...10092.64...-178.96...-1.7%. Hang Seng...12193.12...-67.21...-0.6%.
06:32 ET European Summary : European markets showing moderate losses after Asian stocks declined on news a worker in a Taiwan military laboratory tested positive for SARS... Europe's second- biggest semiconductor maker, Infineon (IFX), dropped 1.5 percent after Taiwan-based market place Dramexchange.com said prices of the most widely used computer memory chips may fall this week to their lowest level since June on sluggish demand as computer makers cut back on the number of chips installed in each machine... Drugmaker Aventis SA (AVE) said it was injecting an extra 1.5 billion euros to help plug a hole in its German pension fund, taking advantage of low interest rates in a move it said would boost earnings. The dollar held near record lows against the euro on Wednesday after the previous session's subdued inflation data from the United States encouraged the view that U.S. interest rates would remain
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Old 12-17-2003, 11:56 AM
jjgold jjgold is offline
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08:50 ET: [BRIEFING.COM] S&P futures vs fair value: -0.4. Nasdaq futures vs fair value: -1.0. Futures indications are little changed since the last update and continue to point to a relatively flat to slightly lower open for the cash market. Yesterday's gains that left the S&P 500 and the Dow at fresh 52-week closing highs are muting this morning's positive sentiment, which is being supported by a batch of favorable analyst commentary, as well as better than expected earnings reports from the likes of BSC and LEH.

08:30 ET: [BRIEFING.COM] S&P futures vs fair value: -0.1. Nasdaq futures vs fair value: -1.0. The futures market is off its morning lows and points to a relatively flat to slightly lower open for the cash market. There are no economic reports today, but better than expected earnings from the brokerage sector (BSC, LEH) are aiding in the improving sentiment.

08:00 ET: [BRIEFING.COM] S&P futures vs fair value: -1.0. Nasdaq futures vs fair value: -4.5. The futures market is trading lower on the heels of yesterday's gains that took the major averages higher by +0.3-1.1%. Trade in the European markets is mixed, while the Nikkei and Hang Seng closed with losses of -1.7% and -0.6% after a worker in a Taiwan military laboratory tested positive for SARS
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