Wall Street Breakfast: Must-Know News (Seeking Alpha) [Archive]

Seeking Alpha

10-22-2009, 07:22 AM

<a href="http://seekingalpha.com/tag/wall-street-breakfast"><img src="http://static.seekingalpha.com/images/article/sa-coffee-cup_150x124.png" class="article_big_cup" style="float: right; margin-left: 2px;" /></a><ul> <li><a href="http://www.reuters.com/article/newsOne/idUSTRE59L1N620091022">U.S. AAA rating not guaranteed.</a> The U.S. could lose its AAA rating if it fails to reduce its deficit over the next 3-4 years, Moody's says. Steven Hess, Moody's lead analyst for the U.S., acknowledges reducing the gap won't be easy: "Raising taxes is never popular and difficult politically, so we have to see if the government can do that or cut expenditures." Earlier this year, markets were spooked after S&P cut its outlook on Britain to Negative from Stable. Meanwhile, Moody's said today European countries' rising debt <a href="http://www.bloomberg.com/apps/news?pid=20601085&sid=axa__uZwSZhA">won't trigger across-the-board downgrades</a>.</li> <li><a href="http://www.nytimes.com/2009/10/22/business/22pay.html">Deep pay cuts coming to TARP recipients.</a> In a plan to be made public within the next few days, the government will order deep pay cuts at the biggest bailout recipients - Citigroup (<a href='http://seekingalpha.com/symbol/c' title='More opinion and analysis of C'>C</a>), Bank of America (<a href='http://seekingalpha.com/symbol/bac' title='More opinion and analysis of BAC'>BAC</a>), AIG (<a href='http://seekingalpha.com/symbol/aig' title='More opinion and analysis of AIG'>AIG</a>), GM, Chrysler, GMAC and Chrysler Financial). The plan targets the 25 top earners at each company, who will see their compensation decline this year by about 50%, while bonus paymets will be slashed by up to 90%, to be replaced by stock that they'll be restricted from immediately selling. The plan does not address firms that didn't receive bailout funds, or that have already repaid their loans.</li> <li><a href="http://www.forbes.com/2009/10/22/knoc-harvest-energy-markets-equity-oil.html">South Korea's $3.9B oil buy.</a> State-owned Korea National Oil Corp. <a href="http://www.marketwire.com/press-release/Harvest-Energy-Trust-TSX-HTE.UN-1063559.html">agreed to buy</a> Canada's Harvest Energy (<a href='http://seekingalpha.com/symbol/hte' title='More opinion and analysis of HTE'>HTE</a>) for $3.9B - $1.7B for its outstanding shares and the assumption of $2.2B in debt. Shareholders will receive $9.52/share - a 37% premium to Wednesday's close. The deal is South Korea's biggest outbound cross-border deal ever in the Oil & Gas sector, and ranks seventh in global Oil & Gas sector M&A transactions in 2009. Harvest produced 53K b/d in Q2, 70% of which was crude oil and 30% was natural gas. Shares +29.1% premarket to $9.05.</li> <li><a href="http://www.forbes.com/2009/10/21/dick-bove-wells-fargo-markets-equities-sell.html">Bove drops a bomb.</a> Rochdale Securities analyst Richard Bove send stocks into a tailspin late Wednesday after he downgraded share of Wells Fargo (<a href='http://seekingalpha.com/symbol/wfc' title='More opinion and analysis of WFC'>WFC</a>) to Sell, despite a <a href="http://seekingalpha.com/market_currents/post/34623">consensus-beating Q3</a>. Bove is concerned by the positive impact mortgage hedges have had on Wells' recent results, which "keep coming through for the company whenever it needs to bolster earnings," but are a nightmare for investors who shouldn't look at such activity as generating predictable or repeatable profits. Bove also called the portfolio Wells acquired from Wachovia 'cancerous.' WFC -5.1% yesterday.</li> <li><a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aktHmtKQaKO8">A strong Q3 for China.</a> China's Q3 GDP came in at 8.9%, just below the 9% economists forecast. Separate reports showed industrial production and retail sales also accelerated. China's return to robust growth continues to raise the question of <a href="http://blogs.wsj.com/economics/2009/10/22/a-strong-3q-for-china-but-no-tightening-yet/">when policy makers will withdraw</a> record fiscal and monetary stimulus in order to avoid another bubble.</li> <li><a href="http://www.reuters.com/article/newsOne/idUSTRE59L1Y920091022">Galleon wind down begins.</a> Managers of Galleon Group's $500M Asia fund are considering buying the unit, sources say. On Wednesday, Galleon <a href="http://online.wsj.com/article/SB125613042653698825.html">told employees and investors</a> it would wind down the firm after its founder was charged with insider trading. Unless the government intervenes, investors likely won't get their money back until Jan. 1, 2010.</li> </ul> <h2>Earnings: Thur. Before Open</h2> <ul> <li>AU Optronics (<a href='http://seekingalpha.com/symbol/auo' title='More opinion and analysis of AUO'>AUO</a>): Q3 EPS of $0.26 beats by $0.01. Revenue of $3.5B (+8.4%) vs. $3.21B. Operating margin 6.8%. Shares -2.3% in Taiwan. (<a href="http://biz.yahoo.com/prnews/091022/cnth026.html?.v=66">PR</a>)</li> <li>Bunge (<a href='http://seekingalpha.com/symbol/bg' title='More opinion and analysis of BG'>BG</a>): Q3 EPS of $1.62 beats by $0.15. Revenue of $11.3B (-23.6%) vs. $12B. Sees full-year EPS of $3.10-$3.50 vs. consensus of $4.69. Says fertilizer business continues to be pressured by high-cost inventory and a weak pricing environment. (<a href="http://www.prnewswire.com/news-releases/bunge-reports-third-quarter-results-65484982.html">PR</a>)</li> <li>Check Point Software (<a href='http://seekingalpha.com/symbol/chkp' title='More opinion and analysis of CHKP'>CHKP</a>): Q3 EPS of $0.52 beats by $0.03. Revenue of $234M (+17%) vs. $231M. (<a href="http://www.marketwire.com/press-release/Check-Point-Software-Technologies-Ltd-NASDAQ-CHKP-1063632.html">PR</a>)</li> <li>Danaher (<a href='http://seekingalpha.com/symbol/dhr' title='More opinion and analysis of DHR'>DHR</a>): Q3 EPS of $0.89 beats by $0.03. Revenue of $2.75B (-14.2%) in-line. (<a href="http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTgwNjZ8Q2hpbGRJRD0 tMXxUeXBlPTM=&t=1">PR</a>)</li> <li>Dow Chemical (<a href='http://seekingalpha.com/symbol/dow' title='More opinion and analysis of DOW'>DOW</a>): Q3 EPS of $0.24 beats by $0.14. Revenue of $12.05B (+6.4%) vs. $11.85B. "The economic outlook for the rest of 2009 appears to be stabilizing with strong growth in Asia Pacific, especially China, and other emerging geographies. The global economy is now on firmer footing, and, in our view, the U.S. economy is beginning a slow and tenuous recovery, with unemployment continuing to be a drag on consumer spending." (<a href="http://www.prnewswire.com/news-releases/dow-reports-third-quarter-results-65485017.html">PR</a>)</li> <li>Ensco International (<a href='http://seekingalpha.com/symbol/esv' title='More opinion and analysis of ESV'>ESV</a>): Q3 EPS of $1.05 beats by $0.01. Revenue of $425M (-31.3%) vs. $439M. (<a href="http://biz.yahoo.com/bw/091021/20091021006635.html?.v=1">PR</a>)</li> <li>Ericsson (<a href='http://seekingalpha.com/symbol/eric' title='More opinion and analysis of ERIC'>ERIC</a>): Q3 EPS of 0.25kr misses by 0.61kr. Revenue of 46.4Bkr (-5.7%) vs. 49.46Bkr. "Sales of network equipment declined due to lower demand in the current tougher market environment. Despite lower volumes, Network margins remain stable." Shares -8.9% premarket. (<a href="http://biz.yahoo.com/iw/091022/0550396.html?.v=1">PR</a>)</li> <li>Logitech (<a href='http://seekingalpha.com/symbol/logi' title='More opinion and analysis of LOGI'>LOGI</a>): FQ2 EPS of $0.11 beats by $0.06. Revenue of $498M (-25.1%) vs. $474M. Sees FQ3 revenue of $575-595M vs. $623M. Shares +7.2% in Zurich. (<a href="http://biz.yahoo.com/bw/091021/20091021006606.html?.v=1">PR</a>)</li> <li>PNC Financial Services (<a href='http://seekingalpha.com/symbol/pnc' title='More opinion and analysis of PNC'>PNC</a>): Q3 EPS of $1.00 beats by $0.69. Revenue of $4.05B (+144.7%) vs. $3.8B. (<a href="http://www.prnewswire.com/news-releases/pnc-earns-559-million-in-third-quarter-and-13-billion-year-to-date-65487732.html">PR</a>)</li> <li>Potash (<a href='http://seekingalpha.com/symbol/pot' title='More opinion and analysis of POT'>POT</a>): Q3 EPS of $0.82 beats by $0.01. Revenue of $1.1B (-64.1%) in-line. Sees Q4 EPS of $0.65-0.85 vs. consensus of $1.18. "The uncertainty among fertilizer buyers has lasted far longer than we anticipated, but cannot continue indefinitely." Shares -2.9% premarket. (<a href="http://www.prnewswire.com/news-releases/potashcorp-reports-third-quarter-earnings-of-082-per-share-65477982.html">PR</a>)</li> <li>Schering-Plough (<a href='http://seekingalpha.com/symbol/sgp' title='More opinion and analysis of SGP'>SGP</a>): Q3 EPS of $0.40 in-line. Revenue of $4.5B (-1.7%) in-line. (<a href="http://www.prnewswire.com/news-releases/schering-plough-reports-financial-results-for-2009-third-quarter-65484967.html">PR</a>)</li> <li>Starwood Hotels (<a href='http://seekingalpha.com/symbol/hot' title='More opinion and analysis of HOT'>HOT</a>): Q3 EPS of $0.14 beats by $0.04. Revenue of $1.22B (-20.7%) vs. $1.16B. "It is very difficult at this time to provide any definitive point of view on 2010. While business conditions have clearly stabilized, it is very hard to forecast the pace of recovery, especially rate." (<a href="http://www.businesswire.com/news/home/20091022005426/en">PR</a>)</li> <li>SunTrust Banks (<a href='http://seekingalpha.com/symbol/sti' title='More opinion and analysis of STI'>STI</a>): Q3 EPS of -$0.60 misses by $0.05. Revenue of $1.94B (-21%) vs. $2.11B. Earnings include $131M writedown on debt. Allowance for loan losses +128M to $3.02B. (<a href="http://www.prnewswire.com/news-releases/suntrust-reports-third-quarter-results-65477897.html">PR</a>)</li> <li>Thermo Fisher (<a href='http://seekingalpha.com/symbol/tmo' title='More opinion and analysis of TMO'>TMO</a>): Q3 EPS of $0.78 beats by $0.02. Revenue of $2.53B (-2%) in-line. (<a href="http://www.businesswire.com/news/home/20091022005200/en">PR</a>)</li> <li>Travellers (<a href='http://seekingalpha.com/symbol/trv' title='More opinion and analysis of TRV'>TRV</a>): Q3 EPS of $1.61 beats by $0.30. Revenue of $6.3B vs. $6B. Sees full-year EPS of $5.30-5.50 vs. consensus of $5.28. Raises quarterly dividend to $0.33 from $0.30. Authorizes an additional $6B share buyback. "We remain cautious about the magnitude of rate gains that are achievable in the near term given general economic conditions." (<a href="http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20091022005398&newsLang=en">PR</a>)</li> <li>Xerox (<a href='http://seekingalpha.com/symbol/xrx' title='More opinion and analysis of XRX'>XRX</a>): Q3 EPS of $0.14 beats by $0.02. Revenue of $3.67B (-15.9%) in-line. Sees full-year EPS of $0.55-0.57 vs. consensus of $0.53. (<a href="http://biz.yahoo.com/e/091022/xrx8-k.html">8-K</a>)</li> </ul> <h2>Earnings: Wed. After Close</h2> <ul> <li>Alliance Data Systems (<a href='http://seekingalpha.com/symbol/ads' title='More opinion and analysis of ADS'>ADS</a>): Q3 EPS of $0.83 misses by $0.51. Revenue of $483M (-5%) vs. $500M. Expects 2010 EPS of $6.00 vs. $6.10. Shares -6.3% AH. (<a href="http://finance.yahoo.com/news/Alliance-Data-Reports-prnews-2551208994.html?x=0&.v=1">PR</a>)</li> <li>Amgen (<a href='http://seekingalpha.com/symbol/amgn' title='More opinion and analysis of AMGN'>AMGN</a>): Q3 EPS of $1.49 beats by $0.22. Revenue of $3.8B (-2%) in-line. Raises full-year EPS guidance to $4.90-5.05 from $4.80-4.95, vs. $4.88. Shares -3% AH. (<a href="http://finance.yahoo.com/news/Amgens-Third-Quarter-2009-prnews-1922508624.html?x=0&.v=1">PR</a>)</li> <li>Ameriprise Financial (<a href='http://seekingalpha.com/symbol/amp' title='More opinion and analysis of AMP'>AMP</a>): Q3 EPS of $1.03 beats by $0.39. Revenue of $2B (+20%) vs. $2.1B. Debt-to-total-capital ratio of 18.7%. Shares +1.6% AH. (<a href="http://finance.yahoo.com/news/Ameriprise-Financial-Reports-bw-2731222070.html?x=0&.v=1">PR</a>)</li> <li>Citrix Systems (<a href='http://seekingalpha.com/symbol/ctxs' title='More opinion and analysis of CTXS'>CTXS</a>): Q3 EPS of $0.43 beats by $0.02. Revenue of $401M (+1%) vs. $400M. Sees full-year revenue up 8-9% sequentially to $1.73B. Shares -3.6% AH. (<a href="http://finance.yahoo.com/news/Citrix-Reports-Third-Quarter-bw-246937604.html?x=0&.v=1">PR</a>)</li> <li>Covanta (<a href='http://seekingalpha.com/symbol/cva' title='More opinion and analysis of CVA'>CVA</a>): Q3 EPS of $0.28 beats by $0.04. Revenue of $409M (-7%) vs. $388M. Shares +0.3% AH. (<a href="http://finance.yahoo.com/news/Covanta-Holding-Corporation-prnews-1456755625.html?x=0&.v=1">PR</a>)</li> <li>eBay (<a href='http://seekingalpha.com/symbol/ebay' title='More opinion and analysis of EBAY'>EBAY</a>): Q3 EPS of $0.38 beats by $0.01. Revenue of $2.2B (+6%) vs. $2.1B. Shares -4.9% AH. (<a href="http://finance.yahoo.com/news/eBay-Inc-Reports-Third-bw-2647618302.html?x=0&.v=1">PR</a>)</li> <li>Equifax (<a href='http://seekingalpha.com/symbol/efx' title='More opinion and analysis of EFX'>EFX</a>): Q3 EPS of $0.57 beats by $0.02. Revenue of $452M (-7%) in-line. Shares -3.2% AH. (<a href="http://finance.yahoo.com/news/Equifax-Reports-Third-Quarter-prnews-3529406021.html?x=0&.v=1">PR</a>)</li> <li>F5 Networks (<a href='http://seekingalpha.com/symbol/ffiv' title='More opinion and analysis of FFIV'>FFIV</a>): FQ4 EPS of $0.50 beats by $0.09. Revenue of $175M (+2%) vs. $164M. Shares +8.1% AH. (<a href="http://finance.yahoo.com/news/F5-Networks-Announces-Fourth-bw-2406990021.html?x=0&.v=1">PR</a>)</li> <li>Fidelity National Information Services (<a href='http://seekingalpha.com/symbol/fis' title='More opinion and analysis of FIS'>FIS</a>): Q3 EPS of $0.46 misses by $0.01. Revenue of $851M (-4%) vs. $870M. Shares -0.4% AH. (<a href="http://finance.yahoo.com/news/FIS-Reports-Strong-Third-bw-3017082264.html?x=0&.v=1">PR</a>)</li> <li>Fidelity National Financial (<a href='http://seekingalpha.com/symbol/fnf' title='More opinion and analysis of FNF'>FNF</a>): Q3 EPS of $0.32 misses by $0.02. Revenue of $1.5B (+52%) in-line. Shares +0.2% AH. (<a href="http://finance.yahoo.com/news/Fidelity-National-Financial-prnews-1312746738.html?x=0&.v=2">PR</a>)</li> <li>Intersil (<a href='http://seekingalpha.com/symbol/isil' title='More opinion and analysis of ISIL'>ISIL</a>): Q3 EPS of $0.10 in-line. Revenue of $168M (-23%) vs. $162M. Sees Q4 EPS of $0.14-0.17 vs. $0.13. Shares -2.8% AH. (<a href="http://finance.yahoo.com/news/Intersil-Corporation-Reports-iw-1712719156.html?x=0&.v=1">PR</a>)</li> <li>Knight Transportation (<a href='http://seekingalpha.com/symbol/knx' title='More opinion and analysis of KNX'>KNX</a>): Q3 EPS of $0.16 in-line. Revenue of $173M (-17%) vs. $165M. Shares +1.2% AH. (<a href="http://finance.yahoo.com/news/Knight-Transportation-Reports-bw-2905207254.html?x=0&.v=1">PR</a>)</li> <li>Lam Research (<a href='http://seekingalpha.com/symbol/lrcx' title='More opinion and analysis of LRCX'>LRCX</a>): FQ1 EPS of $0.03 beats by $0.11. Revenue of $319M (+46%) vs. $288M. Shares +3.2% AH. (<a href="http://finance.yahoo.com/news/Lam-Research-Corporation-bw-1156723855.html?x=0&.v=1">PR</a>)</li> <li>Newfield Exploration (<a href='http://seekingalpha.com/symbol/nfx' title='More opinion and analysis of NFX'>NFX</a>): Q3 EPS of $1.58 beats by $0.24. Revenue of $375M (-45%) vs. $536M. Shares -0.1% AH. (<a href="http://finance.yahoo.com/news/Newfield-Reports-Financial-prnews-273573788.html?x=0&.v=1">PR</a>)</li> <li>Noble (<a href='http://seekingalpha.com/symbol/ne' title='More opinion and analysis of NE'>NE</a>): Q3 EPS of $1.63 beats by $0.10. Revenue of $906M (+5%) in-line. Shares +1.1% AH. (<a href="http://finance.yahoo.com/news/Noble-Corporation-Reports-prnews-1540855706.html?x=0&.v=1">PR</a>)</li> <li>Novellus Systems (<a href='http://seekingalpha.com/symbol/nvls' title='More opinion and analysis of NVLS'>NVLS</a>): Q3 EPS of -$0.03 beats by $0.01. Revenue of $177M (-29%) vs. $172M. Shares +0.9% AH. (<a href="http://finance.yahoo.com/news/Novellus-Systems-Reports-prnews-565492476.html?x=0&.v=1">PR</a>)</li> <li>OSI Pharmaceuticals (<a href='http://seekingalpha.com/symbol/osip' title='More opinion and analysis of OSIP'>OSIP</a>): Q3 EPS of $0.81 beats by $0.49. Revenue of $111M (+18%) vs. $106M. Shares -1% AH. (<a href="http://finance.yahoo.com/news/OSI-Pharmaceuticals-Inc-bw-2739612617.html?x=0&.v=1">PR</a>)</li> <li>Pactiv (<a href='http://seekingalpha.com/symbol/ptv' title='More opinion and analysis of PTV'>PTV</a>): Q3 EPS of $0.54 beats by $0.03. Revenue of $839M (-9%) vs. $858M. Shares -0.2% AH. (<a href="http://finance.yahoo.com/news/Pactiv-Posts-Third-Quarter-bw-3870565723.html?x=0&.v=1">PR</a>)</li> <li>QLogic (<a href='http://seekingalpha.com/symbol/qlgc' title='More opinion and analysis of QLGC'>QLGC</a>): FQ2 EPS of $0.21 beats by $0.03. Revenue of $132M (-23%) vs. $126M. Shares -2.6% AH. (<a href="http://finance.yahoo.com/news/QLogic-Reports-Second-Quarter-bw-3177313932.html?x=0&.v=1">PR</a>)</li> <li>Range Resources (<a href='http://seekingalpha.com/symbol/rrc' title='More opinion and analysis of RRC'>RRC</a>): Q3 EPS of $0.26 beats by $0.04. Revenue of $204M (-67%) vs. $261M. Shares -0.2% AH. (<a href="http://finance.yahoo.com/news/Range-Announces-Third-Quarter-bw-93360467.html?x=0&.v=1">PR</a>)</li> <li>Skechers (<a href='http://seekingalpha.com/symbol/skx' title='More opinion and analysis of SKX'>SKX</a>): Q3 EPS of $0.52 beats by $0.17. Revenue of $405M (+1%) vs. $385M. Shares +5.2% AH. (<a href="http://finance.yahoo.com/news/SKECHERS-Announces-Third-bw-4133859324.html?x=0&.v=1">PR</a>)</li> <li>Terex (<a href='http://seekingalpha.com/symbol/tex' title='More opinion and analysis of TEX'>TEX</a>): Q3 EPS of -$0.95 misses by $0.61. Revenue of $1.2B (-51%) vs. $1.3B. Shares -10.5% AH. (<a href="http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6848257-4622-77824&type=sect&TabIndex=2&companyid=3588&ppu=%252fdefault.aspx%253fcik%253d97216">PR</a>)</li> <li>TriQuint Semiconductor (<a href='http://seekingalpha.com/symbol/tqnt' title='More opinion and analysis of TQNT'>TQNT</a>): Q3 EPS of $0.10 in-line. Revenue of $173M (-7%) vs. $178M. Shares -19.9% AH. (<a href="http://finance.yahoo.com/news/TriQuint-Announces-Third-bw-4053897607.html?x=0&.v=1">PR</a>)</li> <li>VMware (<a href='http://seekingalpha.com/symbol/vmw' title='More opinion and analysis of VMW'>VMW</a>): Q3 EPS of $0.24 beats by $0.04. Revenue of $490M (+4%) vs. $474M. Sees Q4 revenue of v$540M-560M vs. $523M. Shares +1.6% AH. (<a href="http://finance.yahoo.com/news/VMware-Reports-Third-Quarter-iw-1168029727.html?x=0&.v=1">PR</a>)</li> </ul> <h2>Today's Markets</h2>Asian and European markets followed the U.S. into the red Thursday. Stock futures are marginally lower.<ul> <li>Asia: Nikkei -0.64% to 10,267. Hang Seng -0.48% to 22,211. Shanghai -0.62% to 3,051. BSE -1.29% to 16,790.</li> <li>Europe at midday: London -1.2%. Paris -1.5%. Frankfurt -1.5%.</li> <li>Futures at 7:00: Dow flat at 9897. S&P -0.1% to 1076.50. Nasdaq -0.2%. Crude -1.2% to $80.40. Gold -0.7% to $1,056.70. 30-year Tsy +0.13%. Euro -0.4% vs. dollar. Yen -0.3%. Pound -0.6%.</li> </ul> <h2>Thursday's Economic Calendar</h2> <ul> <li>8:30 <a href="http://ows.doleta.gov/unemploy/claims_arch.asp">Initial Jobless Claims</a> 8:30 <a href="http://www.bos.frb.org/AftertheFall2009/agenda.htm">Boston Fed: After the Fall, Day 2</a> 10:00 <a href="http://www.conference-board.org/economics/bci/pressRelease_output.cfm?cid=1">Leading Indicators</a> 10:00 <a href="http://www.fhfa.gov/Default.aspx?Page=14">FHFA Housing Price Index</a> 10:00 <a href="http://www.bls.gov/news.release/mmls.htm">Mass Layoffs</a> 10:00 <a href="http://cop.senate.gov/hearings/library/hearing-102209-allison.cfm">Hearing: TARP</a> 10:00 <a href="http://jec.senate.gov/index.cfm?FuseAction=Press.PressReleases&ContentRecord_id=6dd4483c-5056-8059-7664-1856ea0ee4e6">Romer testifies on the economy</a> 10:30 <a href="http://www.eia.doe.gov/oil_gas/natural_gas/ngs/ngs.html">EIA Natural Gas Inventory</a> 11:00 <a href="http://www.judiciary.house.gov/hearings/caltoday.html">Hearing: Too Big to Fail</a> 4:00 PM <a href="http://www.lsa.umich.edu/umich/v/index.jsp?vgnextoid=d7ddc82e3ff24210VgnVCM100000a3 b1d38dRCRD">Fed's Evans: Steps Toward Recovery</a></li> <li>Notable pre-market earnings: <a href="http://seekingalpha.com/symbol/AUO">AUO</a>, <a href="http://seekingalpha.com/symbol/BDK">BDK</a>, <a href="http://seekingalpha.com/symbol/BG">BG</a>, <a href="http://seekingalpha.com/symbol/BMY">BMY</a>, <a href="http://seekingalpha.com/symbol/CBE">CBE</a>, <a href="http://seekingalpha.com/symbol/CELG">CELG</a>, <a href="http://seekingalpha.com/symbol/CHKP">CHKP</a>, <a href="http://seekingalpha.com/symbol/CIT">CIT</a>, <a href="http://seekingalpha.com/symbol/CNX">CNX</a>, <a href="http://seekingalpha.com/symbol/DAL">DAL</a>, <a href="http://seekingalpha.com/symbol/DHR">DHR</a>, <a href="http://seekingalpha.com/symbol/DO">DO</a>, <a href="http://seekingalpha.com/symbol/DOW">DOW</a>, <a href="http://seekingalpha.com/symbol/EMC">EMC</a>, <a href="http://seekingalpha.com/symbol/ERIC">ERIC</a>, <a href="http://seekingalpha.com/symbol/ESV">ESV</a>, <a href="http://seekingalpha.com/symbol/ETR">ETR</a>, <a href="http://seekingalpha.com/symbol/FITB">FITB</a>, <a href="http://seekingalpha.com/symbol/GR">GR</a>, <a href="http://seekingalpha.com/symbol/HBAN">HBAN</a>, <a href="http://seekingalpha.com/symbol/HOT">HOT</a>, <a href="http://seekingalpha.com/symbol/HSY">HSY</a>, <a href="http://seekingalpha.com/symbol/JBLU">JBLU</a>, <a href="http://seekingalpha.com/symbol/JNS">JNS</a>, <a href="http://seekingalpha.com/symbol/KMB">KMB</a>, <a href="http://seekingalpha.com/symbol/LCC">LCC</a>, <a href="http://seekingalpha.com/symbol/LH">LH</a>, <a href="http://seekingalpha.com/symbol/LM">LM</a>, <a href="http://seekingalpha.com/symbol/MCD">MCD</a>, <a href="http://seekingalpha.com/symbol/MJN">MJN</a>, <a href="http://seekingalpha.com/symbol/MMM">MMM</a>, <a href="http://seekingalpha.com/symbol/MRK">MRK</a>, <a href="http://seekingalpha.com/symbol/NCR">NCR</a>, <a href="http://seekingalpha.com/symbol/NIHD">NIHD</a>, <a href="http://seekingalpha.com/symbol/NUE">NUE</a>, <a href="http://seekingalpha.com/symbol/NVS">NVS</a>, <a href="http://seekingalpha.com/symbol/NYT">NYT</a>, <a href="http://seekingalpha.com/symbol/ORI">ORI</a>, <a href="http://seekingalpha.com/symbol/OXY">OXY</a>, <a href="http://seekingalpha.com/symbol/PDS">PDS</a>, <a href="http://seekingalpha.com/symbol/PLD">PLD</a>, <a href="http://seekingalpha.com/symbol/PM">PM</a>, <a href="http://seekingalpha.com/symbol/PNC">PNC</a>, <a href="http://seekingalpha.com/symbol/POT">POT</a>, <a href="http://seekingalpha.com/symbol/R">R</a>, <a href="http://seekingalpha.com/symbol/RAI">RAI</a>, <a href="http://seekingalpha.com/symbol/RGC">RGC</a>, <a href="http://seekingalpha.com/symbol/RS">RS</a>, <a href="http://seekingalpha.com/symbol/RTN">RTN</a>, <a href="http://seekingalpha.com/symbol/RX">RX</a>, <a href="http://seekingalpha.com/symbol/SGP">SGP</a>, <a href="http://seekingalpha.com/symbol/STI">STI</a>, <a href="http://seekingalpha.com/symbol/SY">SY</a>, <a href="http://seekingalpha.com/symbol/T">T</a>, <a href="http://seekingalpha.com/symbol/TASR">TASR</a>, <a href="http://seekingalpha.com/symbol/TIN">TIN</a>, <a href="http://seekingalpha.com/symbol/TMO">TMO</a>, <a href="http://seekingalpha.com/symbol/TRA">TRA</a>, <a href="http://seekingalpha.com/symbol/TRV">TRV</a>, <a href="http://seekingalpha.com/symbol/UNP">UNP</a>, <a href="http://seekingalpha.com/symbol/UPS">UPS</a>, <a href="http://seekingalpha.com/symbol/XRX">XRX</a>, <a href="http://seekingalpha.com/symbol/ZMH">ZMH</a></li> <li>Notable post-market earnings: <a href="http://seekingalpha.com/symbol/AMZN">AMZN</a>, <a href="http://seekingalpha.com/symbol/AXP">AXP</a>, <a href="http://seekingalpha.com/symbol/BNI">BNI</a>, <a href="http://seekingalpha.com/symbol/BRCM">BRCM</a>, <a href="http://seekingalpha.com/symbol/BUCY">BUCY</a>, <a href="http://seekingalpha.com/symbol/CA">CA</a>, <a href="http://seekingalpha.com/symbol/CAKE">CAKE</a>, <a href="http://seekingalpha.com/symbol/CB">CB</a>, <a href="http://seekingalpha.com/symbol/COF">COF</a>, <a href="http://seekingalpha.com/symbol/CPWR">CPWR</a>, <a href="http://seekingalpha.com/symbol/DDR">DDR</a>, <a href="http://seekingalpha.com/symbol/ELX">ELX</a>, <a href="http://seekingalpha.com/symbol/EMN">EMN</a>, <a href="http://seekingalpha.com/symbol/INFA">INFA</a>, <a href="http://seekingalpha.com/symbol/JNPR">JNPR</a>, <a href="http://seekingalpha.com/symbol/LEG">LEG</a>, <a href="http://seekingalpha.com/symbol/LSCC">LSCC</a>, <a href="http://seekingalpha.com/symbol/NFLX">NFLX</a>, <a href="http://seekingalpha.com/symbol/PMCS">PMCS</a>, <a href="http://seekingalpha.com/symbol/RMBS">RMBS</a>, <a href="http://seekingalpha.com/symbol/RVBD">RVBD</a>, <a href="http://seekingalpha.com/symbol/SNV">SNV</a>, <a href="http://seekingalpha.com/symbol/SPWRA">SPWRA</a>, <a href="http://seekingalpha.com/symbol/SYNA">SYNA</a>, <a href="http://seekingalpha.com/symbol/WDC">WDC</a>, <a href="http://seekingalpha.com/symbol/WFR">WFR</a></li> </ul> <a href="http://seekingalpha.com/page/email-preferences/?source=newsbriefbody">Get Wall Street Breakfast by email</a> -- it's free and takes only seconds to sign up. <div style="border: 1px solid rgb(200, 200, 200); margin: 20px auto; padding: 1em; width: 340px; background-color: rgb(243, 243, 243); text-align: center;">After you finish reading Wall Street Breakfast<a href="http://seekingalpha.com/market_currents?source=WSB" style="margin: 6px 0px; display: block; font-weight: 700;">Seeking Alpha's Market Currents</a>will keep you current all day long.</div>  <a href='http://seekingalpha.com/article/168081-wall-street-breakfast-must-know-news?source=feed'>Complete Story »</a>

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