TF North America Daybook - Tuesday, Nov. 27, 2007 |
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Tue, 27 Nov 2007 12:40
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NEW YORK (Thomson Financial) - TF North America Daybook - Tuesday, Nov. 27, 2007MAJOR U.S. EQUITY INDEXES:Wall Street Tuesday is on track to rebound from heavy prior-session losses as a decision by a Middle Eastern state fund to inject $7.5 billion into Citigroup Inc. boosted confidence in a financial sector battered by the crisis in the credit markets.According to spread bettors IG Index, the Dow Jones Industrial Average is expected to open up 90 points at 12,833. Separately, S&P 500 futures climbed 13.70 points to 1,423, while Nasdaq 100 futures were up 15 points at 2,015.On Monday, Wall Street sold off sharply as concerns about weakening credit market wiped out investors' enthusiasm for strong retail sales over the holiday weekend.The Dow fell 237.44 points, or 1.83%, to 12,743.44, while the Nasdaq composite index lost 55.61, or 2.14%, to 2,540.99, and the S&P 500 index dropped 33.48, or 2.32%, to 1,407.22. The yield on the 10-year Treasury note fell to 3.85% from 4% late Friday, and a barrel of light, sweet crude oil fell 48 cents to settle at $97.70 a barrel on the New York Mercantile Exchange.ECONOMIC DATA:- Consumer confidence index for November, 10 a.m. ET, 90.0 estimateEARNINGS HIGHLIGHTS:Company Symbol Quarter Estimate TimeAmer Eagle Outfitters AEO 3Q $ .45 BMOAnalog Devices ADI 4Q .39 AMCBank of Montreal BMO 4Q 1.39 NTSJackson Hewitt JTX 2Q (.60) BMOMarvell Technology MRVL 3Q .08 AMCStaples Inc. SPLS 3Q .40 NTSTalbots Inc. TLB 3Q (.23) BMOTech Data TECD 3Q .60 BMOAFTER-HOURS ACTION:After Monday's closing bell, Citi Trends Inc. said it swung to a loss in the fiscal third quarter, and the company lowered its fiscal 2007 guidance. In other after-hours action, Donaldson Co. said profit rose 20% in its fiscal first quarter as strong sales in Europe and Asia offset weakness in North America. Intuit Inc. said it will buy Homestead Technologies Inc., a privately held maker of Web site development software, in a deal it valued at $170 million.COMPREHENSIVE EARNINGS LIST (SYMBOL, TIME):
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