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FirstAlert: 12-12:30 P.M. Investrend / Bestcalls
(InvesTrend Via Acquire Media NewsEdge)
August 5, 2008 (Financial Wire) Conference calls scheduled at 12 to
12:30 p.m. on Investrend Broadcast via partner BestCalls include HCP
Inc. (NYSE: HCP), Vical Incorporated (NASDAQ: VICL), Vical Incorporated
(NASDAQ: VICL), Molson Coors Brewing Company (NYSE: TAP), Bill Barrett
Corporation (NYSE: BBG), DCT Industrial Trust Inc. (NYSE: DCT),
Symantec Corporation (NASDAQ: SYMC).
Conference calls are often impacted by market trends, geopolitical
conditions, news coming from conferences and economic releases.
(By Philip Holmes) It looks like slowing consumer spending is finally
putting a dent in the commodities boom. Investors already tattered
nerves took another jolt early in the day when the U.S. government s
June personal income report indicated a jump in inflation that
outstripped modest gains in income. Inflation fears will no doubt weigh
on the minds of the Federal Reserve policy committee when it meets on
August 5. While the committee contains at least three inflation hawks
in full fight, analysts expect the Fed funds rate to hold at 2%. Ben
I-studied-the-Great-Depression Bernanke will balance his own inflation
anxiety against his greater fear of starving the credit markets. He may
get some help from the world s commodities investors, who are looking a
bit overstuffed and in need of a break. At the head of that pack: the
oilies. Monday saw September WTI crude oil futures down by an
impressive $4 a barrel before eking back to a $121.41 per barrel finish
at the end of the session. The obvious reasons for the plunge were
Tropical Storm Edouard s failure to attain hurricane status and Iran s
renewed willingness to talk nice about its nuke program. But
BusinessWeek found at least one smart observer, David Joy of
RiverSource Investments, who believes that $90 to $100 a barrel oil may
well be in sight once again. At least according to supply-and-demand
analyses that Joy has seen. Other commodities may also be in for a
fall, by fall, according to the psych-out measure provided by the
Reuters/CRB index. The index, according to BW s read of Action
Economics, fell below 402.0 on Monday, within striking distance of the
400.0 psychological area, the lowest point since the index broke that
level back on May 1. Agricultural products and both precious metals
and copper all seem poised to drop lower. This is mixed news, though.
Falling commodities may help keep inflation in check, but they re
falling because investors fear a long economic slowdown. But one silver
lining in all this might be an end to fears of a 70 s-style
stagflation. As the latest numbers make clear, we are not seeing a
wage/price spiral of the sort that confronted Squeaky Fromme s favorite
president. Only the price side has been spiraling. High prices have
put the squeeze on consumer discretionary spending, causing consumers
to buy fewer things. This puts downward pressure on prices. Get ready
for the next ominous cloud: deflation.
The Investrend Earnings Calendar features Papa Johns (NASDAQ: PZZA),
expected at $0.41; Priceline.com (NASDAQ: PCLN), expected at $1.41;
Sotheby's (NYSE: BID), expected at $1.41; Stone Energy (NYSE: SGY),
expected at $2.90.
The Investrend Economics Calendar lists Weekly Chain Store Sales (8:55
a.m.), ISM Services Index (10 a.m.), FOMC Meeting - Policy Statement
(2:15 p.m.).
The Investrend Events Calendar showcases AMGN, VRTX, CRXX at IBC Life
Sciences Drug Discovery & Development of Innovative Therapeutics
Conference; CELG, CLDA, BIOS, PCOP, EYE, SUPG at BMO Capital Markets
Focus on Healthcare Conference; EXAR, CRNT, ENTR, FNDT, MENT, NAVI at
RBC Capital Markets 2008 Technology, Media & Communications Conf; MU
2008 Sun Valley Analyst Conference; TLEO, VSEA, CTXS, EQIX, NZ, IDTI at
Pacific Crest Securities Technology Leadership Forum.
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 15 advancers
versus 34 decliners and one unchanged. Advancers were led by Motorola,
Inc. (NYSE: MOT) up 11.46%, Elan Corp Plc (NYSE: ELN) up 10.98%, Ambac
Financial Group, Inc. (NYSE: ABK) up 10.55%, Ual Corp New (NASDAQ:
UAUA) up 8.90%, Amr Corp. (De) (NYSE: AMR) up 8.88%. Decliners followed
Freeport-Mcmoran Copper & Gold (NYSE: FCX) down 12.00%, Wachovia Corp
(New) (NYSE: WB) down 9.85%, Washington Mutual Inc. (NYSE: WM) down
8.46%, Chesapeake Energy Corp. (NYSE: CHK) down 8.07%, Companhia Vale
Do Rio Doce (NYSE: RIO) down 6.79%.
Vote in the Investrend Poll Question of the Day at Investrend
Information (http://www.investrendinformation.com).
Investrend Website of the Day: http://www.teslamotors.com
Quote of the Day: "If you disregard the very simplest cases, there is
in all of mathematics not a single infinite series whose sum has been
rigorously determined. In other words, the most important parts of
mathematics stand without a foundation." Niels H. Abel
Today is: National Night Out.
Happy Birthday: Niels H. Abel, Guy de Maupassant, Joseph Merrick, Naum
Gabo, John Huston, Robert Taylor, Neil Armstrong, John Saxon, Loni
Anderson, Rick Derringer, Maureen McCormick, Patrick Ewing, Jonathan
Silverman, LoLo Jones, Paula Creamer.
Today in History: William Wallace, who led Scottish resistance to
England, was captured in 1305 by the English near Glasgow and
transported to London for trial and execution. Sir Humphrey Gilbert
established the first English colony in North America in 1583, at what
is now St John's, Newfoundland. Tecumseh's Indian force ambushed Thomas
Van Horne's 200 Americans at Brownstone Creek in 1812, causing them to
flee and retreat. The United States Army abolished flogging in 1861.
Standard Oil of New Jersey was established in 1882. The cornerstone for
the Statue of Liberty was laid on Bedloe's Island in New York Harbor in
1884. American Bandstand, a show dedicated to the teenage
"baby-boomers" by playing the songs and showing popular dances of the
time, debuted in 1957 on the ABC television network. Ronald Reagan
fired 11,359 striking air-traffic controllers who ignored his order for
them to return to work in 1981.
[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 .
(Distributed for Investrend Communications, Inc. via M2 Communications
Ltd (www.m2.com))
Copyright ? 2008 M2 Communications Ltd.
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