** US WRAP **
** US MARKETS **
Dow 1,68%; Nasdaq 2,05%; S&P 1,66%; Soxx 1,83%; Russel2k 2,8%; DJAIG 0,99%; 10yr
Bond -0,03%; 10yr Yield 5,05%; Crude future 75,3; Gold 619,5
| Energy 2,94%| ConsDisc 2,08%| Healthcare 2,02%| Telecom 1,8%| Technology
1,68%| Industrials 1,61%| Materials 1,56%| Financials 1,2%| Utilities 0,82%|
ConsStaples 0,82%
** US HEADLINES **
- Greenspan’s Right: Derivatives Cut Losses, Reduce Loan Costs, Save Jobs
- GM May Report Second-Quarter Operating Profit, Easing Pressure on Wagoner
- Creditex and CreditTrade to Merge, Form Biggest Credit Derivatives Broker
- Frist, LBO Partners Buy HCA as Hospital Use Drops, Uninsured Costs Rise
- Boeing May Report Loss on Costs of Pentagon Settlement and Aircraft Delay
- KKR, Blackstone Buck Sagging Markets, Press Buyouts as Endowments Add Fuel
- Oil Trades Above $75 a Barrel on Concern Over Lebanon, Refinery Shutdowns
- Bernhard Says Volkswagen Future Is `Disastrous’ Without Job Cuts, Quality
** US IN PLAY TODAY **
- Texas Instruments (+4% after hours) Reuters Estimates is telling us that GAAP
EPS of $0.47, Including $0.03 in stock-based compensation expense, a $0.03 sales
tax refund and a $0.02 benefit from the royalty settlement, co reported Q2
(Jun) earnings of $0.47 per share, matching the Reuters Estimates consensus.
Revenues rose 11.0% year/year to $3.7 bln, also in line with forecasts
(consensus $3.7 bln). Co issued in-line guidance for Q3, sees EPS of $0.42-0.48
(consensus $0.45) on revenues of $3.63-3.95 (consensus $3.83 bln).
- SanDisk (+20%! after hours) reported Q2 (Jun) earnings of
$0.58 per share, $0.13 better than the Reuters Estimates consensus of $0.45.
Revenues rose 39.6% year/year to $719 mln vs. the $691.2 mln consensus.
- Altera (+6% after hours) reported Q2 (Jun) revenue of $334.1 mln, up 17% yr/yr
and 14% sequentially vs. consensus of $318 mln. Co does not provide EPS as it’s
still reviewing option grant practices. Co issued upside guidance for Q3, sees
revenues of $334-344 mln (consensus $326 mln) and said “Growth accelerated this
quarter led by robust new product sales gains.”
- Of the 10 Dow components posting results this week, five — 3M Co (MMM),
Altria Group (MO), AT&T (T), DuPont (DD), McDonald’s (MCD) — report this
morning. Other notable names out before the bell are AmerisourceBergen (ABC),
Burlington Northern Santa Fe (BNI), Colgate-Palmolive (CL), Countrywide
Financial (CFC), Lockheed Martin (LMT), U.S. Steel (X), UPS Inc. (UPS),
Weyerhaeuser (WY), Whirlpool (WHR) and Xerox (XRX). After the close, Amazon.com
(AMZN), AFLAC (AFL), C.H. Robinson (CHRW), Flextronics (FLEX), Ingram Micro
(IM), and Sun Microsystems (SUNW) are scheduled to report.
- On the economic front, Existing Home sales and Consumer Confidence will both
hit the wires at 16:00 CET.