Show-me Account Talk

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The Week Ahead

Last Update: 02-May-08 10:14 ET



Market participants will get a bit of a breather in the coming week, with only a handful of market-moving companies slated to announce their quarterly results and a small number of economic reports.

Small- and mid-cap companies dominate the earnings front next week. Of the roughly 700 companies set to report earnings, only 57 are S&P 500 components. The bigger names include AIG (AIG) Cisco (CSCO), Fannie Mae (FNM), News Corp. (NWS-A) and Walt Disney (DIS). Visit Briefing.com's Earnings Calendar for additional companies scheduled to report quarterly results.

Separately, retailers will receive added attention with many of the bigger chains releasing their monthly same-store sales results Thursday.

The ISM services, pending home sales, weekly initial claims and trade balance reports are among the ones to watch more closely on the Economic Calendar.
________________________________________________________________


Monday, May 5:
  • Earnings: Anadarko Petroleum (APC), McKesson (MCK), Vulcan Materials (VMC), Weight Watchers (WTW)
  • Economic Data: April ISM Services
  • Events: None
  • Conferences: JPMorgan Annual Energy Symposium in Houston.
  • Fed Speakers: Fed Chairman Bernanke on mortgage foreclosures (8:30 p.m. ET)
Tuesday, May 6:
  • Earnings: Barrick Gold (ABX), DR Horton (DHI), Emerson Electric (EMR), Fannie Mae (FNM), MGM Mirage (MGM), NYSE Euronext (NYX), Qwest (Q), Sara Lee (SLE), Teva Pharmaceutical (TEVA), Cisco (CSCO), Walt Disney (DIS)
  • Economic Data: None
  • Events: None
  • Conferences: None
  • Fed Speakers: Kansas City Fed President Hoenig in Denver to speak on rebalancing market risk (9:30 p.m. ET).
Wednesday, May 7:
  • Earnings: DirecTV (DTV), Marsh McLennan (MMC), Transocean (RIG), News Corp (NWS-A), Crocs (CROX)
  • Economic Data: First Quarter Productivity-Prelim... March Pending Home Sales... Consumer Credit... Weekly Crude Inventories (week ended May 3)
  • Events: None
  • Conferences: None
  • Fed Speakers: Fed Governor Kroszner speaks in Cincinnati on foreclosures (8:45 a.m. ET)
Thursday, May 8:
  • Earnings: Cablevision (CVC), Edison International (EIX), Barr Pharma (BRL), Activision (ATVI), AIG (AIG), Fortress Investment (FIG), NVIDIA (NVDA), Tesoro (TSO), First Marblehead (FMD), Priceline.com (PCLN)
  • Economic Data: March Wholesale Inventories... Weekly Initial Jobless Claims (week ended May 3)
  • Events: April retail same-store sales
  • Conferences: Former Fed Chairman Greenspan will speak at the Alternative Public Strategies Conference in New York (12:30 p.m. ET)
  • Fed Speakers: None
Friday, May 9:
  • Earnings: Clear Channel (CCU), Clear Channel Outdoor (CCO), Huntsman (HUN), Southern Union (SUG)
  • Economic Data: March Trade Balance
  • Events: None
  • Conferences: None
  • Fed Speakers: None
--Ryan McShane, Briefing.com
 
Show,

By mistake I posted this acknowledgement in the wrong thread. I want to make sure you see it in your own thread, so I am repeating it. Your time to make gains with SDS seems to have arrived. As you knowm today SDS closed @57.24 with a gain of 3.86%. This is great news and I am glad that you are in there. Best wishes to you!
 
Postal Service Reports Second Quarter Loss of $707 Million; Economic Slowdown Cited
Despite cost-cutting measures, the U.S. Postal Service ended the second quarter with a net loss of $707 million, driven by a continued decline in mail volume resulting from the current national economic climate. Meanwhile, the on-time delivery of First-Class Mail continued at record levels in the second quarter.
The second quarter results were presented during today’s meeting of the Postal Service Board of Governors. For the first six months of the fiscal year, the Postal Service has essentially broken even, reporting a net loss of $35 million on revenue of $39.3 billion.
Mail volume for the quarter ending March 31 totaled 51.3 billion pieces, a 3.3 percent drop from the previous second quarter. First-Class Mail volume decreased by 3.1 percent and Standard Mail volume was down 3 percent.
Year-to-date total mail volume is down by 3.1 percent compared to the same period last year. If the trend continues, this will be only the seventh year total mail volume has decreased in the last 50 years and could be the largest decline since 2002.

http://www.postalreporter.com/news/2008/05/07/postal-service-reports-second-quarter-loss/
 
RE: F Fund - I did not move out yet and I guess I won't

May 8 (Bloomberg) -- Treasuries rose as stocks in Europe and Asia fell and the cost of insuring against corporate bond defaults increased, fueling demand for the safety of government debt.
Ten-year notes led the gains as investors were attracted by yields at the highest levels this year after the Treasury Department yesterday sold $15 billion of notes, the most since 2004. Thirty-year bonds were little changed before the government sells $6 billion of the securities today as part of its quarterly refunding program.
``Yields should fall again and buying Treasuries may still be the right thing do,'' said Peter Meister, an economist and bond analyst at BHF Bank AG in Frankfurt. ``The burns from the financial-market crisis and the credit difficulties are very grave and it's too soon to declare victory over recession and the economic risks.''
The benchmark 10-year note yield declined 2 basis points to 3.86 percent as of 10:45 a.m. in London, according to bond broker BGCantor Market Data. The price of the 3 7/8 percent security due May 2018 rose 5/32, or $1.56 per $1,000 face amount, to 100 5/32. A basis point is 0.01 percentage point.
Ten-year yields will fall to 3.50 percent by the end of this quarter and rise back to 3.70 percent by year-end, Meister predicted.
The yield on the two-year note fell 2 basis points to 2.29 percent, the lowest level in a week.
 
Hi Show-me,
Hope you don't mind me posting this. I just came across this article.
Somebody finally making some sense - just too bad it isn't here/the U.S!
Relates directly to our TSF/TSLF Auctions, continuing to do precicely the opposite! :sick:

Bank of Canada won't rescue banks in crisis
May 02, 2008, Julian Beltrame
The Canadian Press, OTTAWA
The governor of the Bank of Canada says he will take a tough stand with financial institutions that wind up near bankruptcy because of poor decisions.
Mark Carney says the central bank won't bail out Canadian financial institutions like the U.S. government did when the Bear Stearns brokerage, one of the giants of Wall Street, ran afoul of the subprime mortgage mess.
"If you cannot make a judgment (on the value of an asset), you should not own the security," Carney told a Senate committee yesterday.
[read more @ http://thespec.com/News/Business/article/363032 ]
VR
 
Hey Hessian,

Great piece of information, wish our Fed would not bail out the big boyz.

Got that revolver out and did some serious targeting with it. Very nice and versatile. I will very likely purchase another as a investment for when the anti-gun lobby try to remove the Second Amendment.

Just filled up on wild mushrooms and pork chops. I'm going to make me a stiff drink out of some of the finest corn syrup Coke and American whiskey that a weak dollar and a weak mind can buy. LOL Grain producers get my on both sides of that recipe.

Have a nice weekend everyone and call your mothers. I'm sure most of us were a pain in the ass growing up.

Happy Mothers Day, Ladies!
 
F Fund should have been at least $12.22 or even $12.23

the AGG closed Thursday @ 102.16 3:00 pm and closed at 4:00 pm @ 102.19

the AGG closed Friday @ 102.27 3:00 pm and closed at 4:00 pm @ 102.23


Question how does the F Fund remain at $12.21 when it gained .11 on the 3:00 pm Bond close ---- Those of us in the F Fund were robbed of at least 1 cent possibly 2 cents per share.:mad: The facts are right in the AGG:mad:

http://finance.yahoo.com/echarts?s=A...l=AGG;range=1d
 
AGG only "tracks" the F fund it is not the actual F fund. It is not exact and fair valuation is done on the F fund too.

Just know that some where along the line, yes you did get screwed my TSP and Barclay. LOL
 
The Week Ahead

Last Update: 09-May-08 09:57 ET



First quarter earnings reporting season starts to wind down in the coming week, although market participants will have plenty of Fed speak and economic reports to digest.
A total of fourteen appearances from Fed officials are scheduled. The market will pay added attention to Fed Chairman Ben Bernanke's speeches on Tuesday at 8:15 AM ET and on Thursday at 9:30 AM ET.
The focal points on the Economic Calendar will be the retail sales, CPI, jobless claims, industrial production, and housing starts and building permits reports.
Only 21 S&P 500 companies are confirmed to report earnings. Some notable names include Deere (DE), Freddie Mac (FRE), Hewlett Packard (HPQ), MBIA (MBI), Sprint Nextel (S) and Wal-Mart (WMT). By the end of the week, 82% of S&P 500 companies will have reported their first quarter earnings.
Visit Briefing.com's Earnings Calendar for additional companies scheduled to report quarterly results.
________________________________________________________________

Monday, May 12:
  • Earnings: MBIA (MBI), Sprint Nextel (S), Fluor (FLR), LDK Solar (LDK), McDermott (MDR), Clearwire (CLWR)
  • Economic Data: April Treasury Budget
  • Events: None
  • Conferences: Start of the Atlanta Fed's Financial Markets Conference on "Financial Market Reforms: Taking Stock" in Sea Island, Georgia (May 12 to May 15)
  • Fed Speakers: Chicago Fed President Evans speaks about the U.S. economic outlook at Harper College in Illinois (9:15 AM ET)... Atlanta Fed President Lockhart will make opening remarks at the Atlanta Fed's Financial Market conference in Georgia (7:15 PM ET)
Tuesday, May 13:
  • Earnings: DISH Network (DISH), Liz Clairborne (LIZ), TJX Cos (TJX), Wal-Mart (WMT), Applied Materials (AMAT), Electronic Arts (ERTS), Whole Foods (WFMI)
  • Economic Data: April Export/Import prices... Retail Sales... March Business Inventories
  • Events: None
  • Conferences: None
  • Fed Speakers: Cleveland Fed President Pianalto in Paris to speak about monetary policy trade-offs (6:10 AM ET)... Fed Chairman Bernanke will speak via satellite at the Atlanta Fed's Financial Market conference in Georgia (8:20 AM ET)... Fed Governor Warsh will moderate a policy discussion in Georgia on the Sarbanes-Oxley Act (9:15 ET)... Philadelphia Fed President Plosser to moderate panel on fair disclosure in Georgia (11:00 AM ET)... San Francisco Fed President Yellen in Vancouver to speak about U.S. economic outlook (1:00 PM ET)... Kansas City Fed President Hoenig in Oklahoma City to speak about the U.S. economic outlook (1:00 PM ET)... Dallas Fed President Fisher in Texas to talk about the Fed & economy (1:00 PM ET)
Wednesday, May 14:
  • Earnings: Deere (DE), Freddie Mac (FRE), Macy's (M), Agilent (A), Jack In The Box (JBX)
  • Economic Data: April CPI... Weekly Crude Inventories (week ended May 9)
  • Events: None
  • Conferences: Credit Suisse 2008 Annual European Technology Conference
  • Fed Speakers: Boston Fed President Rosengren and Fed Governor Krozner in Boston to speak at a conference on risk operational measurement and management (8:30 AM ET, 9:15 AM ET)... Atlanta Fed President Lockhart will close out the Atlanta Fed's Financial Market Conference in Georgia (12:00 PM ET)
Thursday, May 15:
  • Earnings: Blackstone (BX), Blockbuster (BBI), JCPenney (JCP), Advanced Auto Parts (AAP), Autodesk (ADSK), Hewlett-Packard (HPQ), Kohl's (KSS), Nordstrom (JWN)
  • Economic Data: May Empire State Index... March Net Foreign Purchases... April Industrial Production & Capacity Utilization... May Philadelphia Fed... Weekly Initial Jobless Claims (week ended May 9)
  • Events: None
  • Conferences: Chicago Fed's annual conference on Bank Structure and Competition with a topic of "Credit Market Turmoil: Causes, Consequences and Cures"
  • Fed Speakers: Chicago Fed President Evans gives welcoming remarks at the Chicago Fed's Annual Bank Structure conference in Chicago (9:15 AM ET)... Fed Chairman Bernanke to speak at the Chicago Fed's conference (9:30 AM ET)... Fed Governor Mishkin in Philadelphia to speak on asset price bubbles (7:00 PM ET)
Friday, May 16:
  • Earnings: None
  • Economic Data: April Building Permits & Housing Starts... Preliminary May Michigan Consumer Sentiment
  • Events: None
  • Conferences: None
  • Fed Speakers: None
--Ryan McShane, Briefing.com
 
Hi Show-Me:

Any folks out there thinking the F fund may be the way to play a portion of the portfolio over the next few weeks, or is it just too early too know? All thoughts are welcome..

FS
 
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