Wall Street Greek

Editor's Picks | Energy | Market Outlook | Gold | Real Estate | Stocks | Politics
Wall Street, Greek

The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.


Seeking Alpha

Tuesday, February 20, 2007

Wake Up Call - Feb 20

Good Morning and happy new year to our Asian friends celebrating this week. At the open, major U.S. markets are modestly lower on a light news week. A handful of announced mergers are monopolizing news wires today, including a deal agreed upon by Sirius and XM Satellite Radio. However, the FCC is likely to have something to say about that.

Asia:
Hang Seng Index CLOSED; Shanghai/Shenzhen 300 CLOSED; NIKKEI 225 -0.01%; BSE SENSEX 30 -1.04%; KRX 100 +0.32%; Ho Chi Minh CLOSED

U.K. & Europe:
DJ STOXX 50 Index -0.4%; FTSE 100 -0.5%; CAC 40 -0.52%; DAX -0.34%; Russian RTS Index -0.29%

KEY HEADLINE NEWS
  • WalMart reported quarterly EPS three cents ahead of estimates, before a $0.02 tax benefit. The company provided fiscal first quarter EPS guidance range of $0.68 to $0.71, generally above the $0.68 consensus compiled by Thomson Financial. WMT shares are up 2.7% in early trading.
  • Home Depot reported EPS in line with estimates, while posting a same-store sales decline of 6.6%. The company will not provide financial guidance until a February 28th presentation. HD shares are down 1.7% in early trading.
  • Sirius and XM Satellite Radio have agreed to merge, but the deal faces serious regulatory obstacles, including an FCC provision against the merger.
  • As the USS Stennis steams into the Persian Gulf, Iran is attracting significant attention this week. A U.N. deadline written into the resolution against Iran's nuclear fuel activities, calls for Iran to cease enrichment by tomorrow, and the IAEA will report then on Iran's activity.
  • This week has its share of key economic news, corporate events and important Fed appearances. See our report, "The Greek's Week Ahead" for all the details.

You can receive "Wake Up Call" in your email inbox at the moment we publish it to the site. Just click here and provide us with your email address. We respect your privacy, and never share your information with third parties.

Check back in later this morning, as "Today's Morning Coffee" will outline in greater detail the day's activity in overseas and commodity markets, and provide economic data & analysis and stock specific news. (disclosure)



free email financial newsletter Bookmark and Share

0 Comments:

Post a Comment

<< Home