Friday Humor
at 2006-04-04 01:40:34
"I almost had a psychic girlfriend, but she left me before we met." ~ Steven Wright
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Morning Bounce
at 2006-04-04 01:40:34
Morning News of Note:
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COH KSS: Coach sues Kohl's for trademark infringement-Women's Wear Daily. Coach (COH) has filed a lawsuit against Kohl's (KSS) for alleged trademark infringement and breach of contract for violating earlier settlement agreements between the companies. According to court documents, Kohl's allegedly infringed on Coach trademarks on a broad range of handbags and accessories sold in Kohl's stores and online. Kohl's declined to comment on the lawsuit.
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CEPH: Cephalon ADHD Plan Is Set Back A Food and Drug Administration panel recommended that the agency reject a proposed drug from Cephalon Inc. to treat children and adolescents with attention deficit hyperactivity disorder because of concerns it might cause a potentially fatal skin condition. The outside panel of medical experts said that while it believed the drug would be effective at treating ADHD, it simply didn't hav
Soft Rebound
at 2006-04-04 01:40:34
The market has rebounded a bit from its earlier swoon, and is attempting to hang on to its gains. Bond yields finished at 4.67%, which is a good sign. It will be interesting to see if Wednesday's reversal portends more weakness next week, or if quarter end window dressing will help buoy the market.
Sorry for the lack of posts, I have been a bit swamped. Here is a quick list of stocks making notable moves:
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NCTY
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SSD
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GHL
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SIRF
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SNDK
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CEPH
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WEN
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Weekly Recap
at 2006-04-04 01:40:34
The market focus this week was squarely on the Fed policy meeting Tuesday, March 28. Hopes rose and fell on whether or not there would soon be some sign that the current round of rate hikes is nearing an end. In the end, the markets ended unchanged for the week as the outlook for Fed policy remained unclear.
The action began on Monday. That evening Fed Chairman Bernanke was scheduled to speak before the Economic Club of New York. There was much talk that he might give some indication that the rates hikes would soon end.
The Wall Street Journal quoted us as saying that was "absurd", and that proved to be accurate.
There was no way Bernanke was going to announce policy intentions to a private group before he had ever chaired a policy committee meeting. Not surprisingly, he merely re-iterated long-standing opinions about the yield curve, and his comments were widely considered unclear with regards to policy.
The sensitivity
Monday Morning Musings
at 2006-04-04 01:40:34
Morning News of Note: - ISRG: Intuitive Surgical-ISRG reiterate Buy, momentum increasing in GYN surgery@DBAB The firm said that after attending the Society of Gynecologic Oncologists conference this weekend, they came away with increased confidence that GYN may be a "blockbuster end market for da Vinci."
- F GM DCX: Hurricane Watch Ford hopes high-performance V-8 blows away rivals The Hurricane is back. A year after Ford Motor Co. killed its planned Hemi-fighting V-8 to the dismay of horsepower junkies, Ford Americas group chief Mark Fields has put the high-performance engine back in the company's product pipeline, according to sources familiar with the project. (Full Story) Detroit News
- FSL MOT: Freescale Could Feel the Heat As Motorola
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