Commentary August 22, 2012
After turning lower over the course of the previous session, stocks could see some further downside in early trading on Wednesday. The major index futures are currently pointing to a moderately lower open for the markets, with the Dow futures down by 39 points. (Aug 22, 2012) Full Article
Economic News
Japan posted a merchandise trade deficit of 517.382 billion yen in July, the Ministry of Finance said on Wednesday - sinking into the red for the eighth time in 10 months. (Aug 22, 2012) Full Article
Greece needs more time to implement the reforms and spending cuts requisitioned by the country's international creditors, Prime Minister Antonis Samaras told German daily Bild, ahead of his crucial meeting with Eurozone leaders. (Aug 22, 2012) Full Article
A leading indicator of Australia's economic activity rose at the fastest pace in almost a year in June, suggesting a moderate but improved economic growth in the second half of 2012 and into 2013, a survey by Westpac Institutional Bank and Melbourne Institute showed Wednesday. (Aug 22, 2012) Full Article
Iceland's central bank decided to keep key policy rates on hold as previous rate hikes helped to bring inflation down. (Aug 22, 2012) Full Article
Earnings News
Analog Devices Inc. (ADI) on Tuesday reported lower profit for the third quarter, on weak performance at its industrial, consumer and communications businesses. Earnings for the period matched estimates, while revenue missed consensus. (Aug 22, 2012) Full Article
Dell Inc. (DELL) on Tuesday reported a decline in second-quarter profit, due to weaker-than-expected revenue, amid uncertain economic environment. The PC maker issued a disappointing top-line outlook for the third quarter and slashed its annual earnings guidance. (Aug 22, 2012) Full Article
Intuit Inc. (INTU) on Tuesday posted a profit for the fourth quarter, helped by double-digit revenue growth at its small business segment and consumer tax segment. However, the results came in below expectations. (Aug 22, 2012) Full Article
Toll Brothers Inc. (TOL) on Wednesday reported a higher profit for its fiscal third quarter as improved home deliveries and higher selling prices boosted revenue. (Aug 22, 2012) Full Article
Wednesday, Chico's FAS, Inc. (CHS) posted better-than-expected earnings for the second quarter, on back of 16 percent revenues growth and better margins. (Aug 22, 2012) Full Article
Broker Ratings Changes
KeyBanc Capital Markets Initiates Headwaters Inc. (HW) At HOLD
(Aug 22, 2012)
Nomura Lowers Rhoen-Klinikum AG (RKKPF.PK) To Neutral From Buy With €16.50 Down From €21.00 Price Target
(Aug 22, 2012)
Todays WS Events
American Eagle Outfitters Q2 12 Earnings Conference Call At 9:00 AM ET
American Eagle Outfitters Inc. (AEO) will host a conference call at 9:00 AM ET on August 22, 2012, to discuss its Q2 12 earnings results. To access the live webcast, log on at www.ae.com To hear the live call, dial (877) 407-0789 (US) or (201) 689-8562 (International). A replay of the call can be heard by dialing (877) 870-5176 (US) or (858) 384-5517 (International) with ID 386741 . (Aug 22, 2012)
Chico's FAS Q2 12 Earnings Conference Call At 8:30 AM ET
Chico''s FAS, Inc. (CHS) will host a conference call at 8:30 AM ET on August 22 , 2012, to discuss Q2 12 earnings results. To access the live webcast, log on to www.chicosfas.com To listen to the call, dial 866-843-0890 (US) or 412-317-9250 (International); passcode :4161337. (Aug 22, 2012)
Guess? Q2 13 Earnings Conference Call At 4:30 PM ET
Guess? Inc. (GES) will host a conference call at 4:30 PM ET on August 22, 2012, to discuss Q2 13 earnings results. To access the live webcast log on to www.guess.com (Aug 22, 2012)
Health Care REIT Investor Conference Call At 10:00 AM ET
Health Care REIT Inc. (HCN) will host a conference call at 10:00 AM ET, August 22, 2012, to discuss the acquisition of Sunrise Senior Living Inc. (SRZ). To access the webcast, log on at www.hcreit.com To participate in the call, dial 888-346-2469 or 706-758-4923 (international). To listen to the replay, dial 855-859-2056 or 404-537-3406 (international) with conference ID number is 23409698. (Aug 22, 2012)
Hewlett-Packard Co. Q3 Earnings Conference Call At 5:00 PM ET
Hewlett-Packard Company. (HPQ) will host a conference call at 5:00 PM ET August 22, 2012, to discuss its Q3 earnings results. To access the live webcast, log on at www.hp.com/investor/2012Q3webcast (Aug 22, 2012)
Toll Brothers Q3 12 Earnings Conference Call At 2:00 PM ET
Toll Brothers Inc. (TOL) will host a conference call at 2:00 PM ET on August 22, 2012, to discuss its Q3 12 earnings results. To access the live webcast, log on at www.tollbrothers.com (Aug 22, 2012)
Stocks To Watch
This multilevel marketing company hops on our radar, after boosting annual financial guidance on better-than-expected quarterly results. (Aug 22, 2012) Full Article
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