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Today 10:00am *JUNE EXISTING HOME SALES: 4.86M V 4.94ME, -2.6% m/m- No Revisions
- Total month supply 11.1 v 10.8 m/m
- US June Median Existing Home Price -6.1% y/y to $215K, but up 3.5% from May
- TABLE:
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Samsung Electronics Reports Q2 net profit KRW2.1T v KRW2.3Te; Rev KRW18.1T v KRW18.6Te- Operating profit KRW1.89T v KRW2.08Te
- LCD division margin 21% in Q2 v 23% in Q1
- Telecom division margin 13% in Q2 v 15% in
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Today 08:30am *INITIAL JOBLESS CLAIMS: 406K V 380KE; CONTINUING CLAIMS: 3.107M V 3.160ME- Prioir Jobless Claims revised from 366K to 372K
- Prior Continuing Claims revised from 3.122M to 3.116M
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Crocs, Inc. Guides Lower; FY08 "down modestly" from FY07 levels to around break-even -Guides Q2 EPS $0.04-0.08 v $0.41e
-Guides Q3 $0.01-0.05 v $0.55e, R$195-205M v $282Me
-Crocs also revised its outlook for
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Western Digital Corp Reports Q4 $0.94 v $0.82e, R $1.99B v $1.89Be- Notes that the net income amount includes a $15M incremental tax charge related to the license of intellectual property to subsidiaries.
- Q4 gross
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Curtiss-Wright Corp Reports Q2 $0.60 v $0.59e, R $453.5M v $442Me- Q2 new orders totaled $876.5M (+141% y/y)
- Guides FY08 $2.55-$2.65 (reaffirms) v $2.65e, R $1.83B-$1.85B v $1.86Be
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Yellow Roadway Corporation Reports Q2 $0.62(incl gain) v $0.29e, R $2.4B v $2.4Be- Guides Q3 EPS $1.05-1.15 (incl $0.70 benefit) v $0.51
- Guides FY08 EPS $0.50-0.60 v $0.63e
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City National Corp Reports Q2 $0.73 v $0.81e, R $231.6M v $229Me- ROE 8.42% v 14.79% y/y
- ROA 0.89% v 1.54% y/y
- Q208 net income reflects a $ provision for credit losses.
- Q2 Net charge-offs totaled $18.9M,
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Chubb Corp Reports Q2 $1.27 v $1.47e, R $3.05B v $3.08Be- Guides FY08 EPS $5.70-6.10 v $6.04e
- Q2 net premiums written were $3B, -3% in the US, up 11% outside the US
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Burlington Northern Santa Fe Corp Reports Q2 $1.34 v $1.30e, R $4.48B v $4.43Be- Agricultural product revenue +36%
- Coal Revenues +16%
- Industrial products +10%
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Market Update
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03:32pm
Market Internals update at 3:30pmET
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02:01pm
Market Internals update at 2:00pmET
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12:06pm
Market Internals update at 12:00pmET
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11:56am
US Market Upate
Dow -124 S&P -14 NASDAQ -21
- Indices are down this morning after opening lower, putting tmore... -
10:32am
Market Internals update at 10:30amET
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05:43am
European Market Update: European Sentiment Shows Signs of Decay
·*** ECONOMIC DATA ***
·FR July Business Confidence Indicator: 98 v 100e || Prior revised from 102 more... -
00:05am
Asian Market Update: Asian stocks continue winning streak, NZD/USD plummets
- Forex: The high-yielding Aussie and Kiwi currencies both came under pressure in Asia, with AUD/USDmore... -
00:05am
Asian Market Update: Asian stocks continue winning streak, NZD/USD plummets
- Forex: The high-yielding Aussie and Kiwi currencies both came under pressure in Asia, with AUD/USDmore...
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