Vandaag woensdag 14 april:
Cijfers van Bank of America (BAC) en Delta Airlines (DAL) voor Wall Street open gaat.
De economische data: De handelsbalans over de maand februari en de inflatiecijfers (CPI) over de maand maart.
Nabeurs krijgen we de cijfers van de semiconductor bedrijven Advanced Micro Devices (AMD), Rambus (RMBS), en Texas Instruments (TXN).
- Tuesday After Hours : prices levels vs. 4 pm ET: Selling has continued in the extended session, although the catalyst for it - Intel's (INTC) somewhat problematic Q1 (Mar) report - is much different from the regular session. The semiconductor company fell short of the market's top-line expectation, and that has kept the bears in charge of the market action. Presently, the S&P futures, at 1125, are 3 points below fair value and the Nasdaq 100 futures, at 1472, are also 3 points below fair value.
- Adtran +6%: Mid-cap communications equipment company shows upside to the Reuters Research consensus top and bottom-line estimates in its Q1 (Mar) report; Declares an annual cash dividend of $0.32/share (dividend yield of 1.1%); Says it will issue guidance for Q2 (June) and FY04 (Dec) tomorrow morning during a 10:30 ET conference call
- Intel (INTC) -2%: World's largest chip company issues mixed Q1 (Mar) numbers and Q2 (June) outlook; Excluding a $0.017 charge, Intel beat by a penny with EPS of $0.28; Revenues missed the Street's expectation of $8.17 bln, rising 20% to $8.09 bln; Company guided Q2 revenues to the low-end of estimates at $7.6-8 .2 bln; Gross margins were put at 60% (plus or minus a few points), near where they were in Q1
- Linear Technologies (LLTC) +3%: Semiconductor name delivers a 42% increase in net income, to $0.27 per share, and a 36% increase in revenues, to $209.1 mln, in its Q1 (Mar) report; Both figures were ahead of Reuters Research estimates; In Briefing.com's preview on In-Play, a service for Platinum subscribers, we suggested the company would beat estimates; Conference call - where Linear should guide - is tomorrow at 11:30 ET
- Maxim Integrated (MXIM) +1%: Analog semiconductor company files a lawsuit against Qualcomm, claiming the company misused its extensive patent portfolio to squelch competition in the wireless market; According to Reuters, Qualcomm's CDMA code dominates the cellular market in the US and is growing in popularity in Asia and Latin America; QCOM is down 1% in the after hours
- Mc Donalds (MCD) (-3%): Fast food chain preannounces Q1 (Mar) comparable store sales of 9.4% and issues above consensus EPS targets; Sees earnings at about $0.40 per share, representing a 38% increase over last year; Briefing.com has been positive on MCD in Story Stocks since July 29, and the stock has appreciated 23%; Traders are taking some profits from those gains tonight.
- Parker Hannifin (PH) (unch): Industrial company raises its Q3 (Mar) EPS forecast to $0.80 from $0.55-0.65 citing volumes that increased 15% from last year; Parker plans to further revise its Q4 (Dec) projection when it reports Q3 earnings on April 19.
Guy Boscart,