Major Economic Releases
(All times are Pacific):
Tuesday
5:30 a.m. Export Prices ex-ag. Apr
5:30 a.m. Import Prices ex-oil Apr
5:30 a.m. Retail Sales Apr
5:30 a.m. Retail Sales ex-auto Apr
7 a.m. Business Inventories Mar
Wednesday
5:30 a.m. Core CPI Apr
5:30 a.m. CPI Apr
7:30 a.m. Crude Inventories 05/10
Thursday
5:30 a.m. Initial Claims 05/10
5:30 a.m. NY Empire State Index May
6 a.m. Net Foreign Purchases Mar
6:15 a.m. Capacity Utilization Apr
6:15 a.m. Industrial Production Apr
7 a.m. Philadelphia Fed May
Friday
5:30 a.m. Building Permits Apr
5:30 a.m. Housing Starts Apr
7 a.m. Mich Sentiment-Prel. May
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Markets:
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National Earnings Reports
Major companies tentatively scheduled to report quarterly earnings next week, with ticker symbol and Thomson Financial profit estimates:
Tuesday
Dish Network Corp. (DISH)
Electronic Arts Inc. (ERTS)
TJX Cos. (TJX)
Toll Brothers Inc. (TOL)
Wal-Mart Stores Inc. (WMT)
Whole Foods Market Inc. (WFMI)
Wednesday
Deere & Co. (DE)
Freddie Mac (FRE)
Macy's Inc. (M)
Thursday
Blackstone Group L.P. (BX)
Blockbuster Inc. (BBI)
Hewlett Packard Co. (HPQ)
J.C. Penney Co. (JCP)
Kohl's Corp. (KSS)
Nordstrom Inc. (JWN)
Friday
Abercrombie & Fitch Co. (ANF)
(Estimates supplied by Thomson Financial are operating income per share based on a survey of three or more analysts.)
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Barometer
CPI: +0.3% in Mar 2008
Unemployment Rate: 5.0% in Apr 2008
Payroll Employment: -20,000(p) in Apr 2008
Average Hourly Earnings: +$0.01(p) in Apr 2008
PPI: +1.1%(p) in Mar 2008
ECI: +0.7% in 1st Qtr of 2008
Productivity: +2.2% in 1st Qtr of 2008
U.S. Import Price Index: +2.8% in Mar 2008
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IPOs Planned
The following is a list of initial public offerings planned for the coming week. Sources include Renaissance Capital, Greenwich, CT (
www.ipohome.com) and SEC filings.
American Capital Agency Corp. - Bethesda, Md., 12.5 million shares, priced at $20 each, managed by Citigroup and Merrill Lynch. Proposed Nasdaq symbol AGNC. Business: A newly-organized Delaware corporation formed to invest exclusively in single-family residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity.
Verso Paper Inc.- Memphis, Tenn., 18.8 million shares, priced $16 to $18, managed by Credit Suisse. Proposed NYSE symbol VRS. Business: A supplier of coated paper to catalog and magazine publishers.
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Port calls this week
Cargo vessels
Jean Anne -- Arrive: 05/12, Depart: 05/13, Last Port: Hawaii, Berth: 24-04, Cargo: Automobile, Stevedore: PASHA, Agent: PSH, Line: PHTL, Flag: USA
Jupiter Diamond -- Arrive: 05/14, Depart: 05/14, Last Port: Germany, Berth: 24-05, Cargo: Automobile, Stevedore: PASHA, Agent: PSH, Line: NYK, Flag: SG
Pacific Breeze -- Arrive: 05/16, Depart: 05/16, Last Port: Emden, Germany, Berth: 24-05, Cargo: Automobile, Stevedore: PASHA, Agent: PSH, Flag: Sing
Florida Highway -- Arrive: 05/18, Depart: 05/18, Last Port: Benecia, CA, Berth: 24-05, Cargo: Automobile, Stevedore: PASHA, Agent: PSH, Line: K-LINE, Flag: PAN
Dole Honduras -- Arrive: 05/18, Depart: 05/20, Last Port: Puerto Quetzal, Guatemala, Berth: 10-02, Cargo: Bananas, Stevedore: SSA, Agent: NLI, Line: TSI, Flag: BHS
Cruise ships
Carnival Elation -- Arrive: 05/12, Depart: 05/12, Last Port: Cabo San Lucas, Mx, Berth: B-04, Activity: Embark, Disembark, Stevedore: SSA, Agent: PSH, Line: CARNVL, Flag: PA
Monarch of the Seas -- Arrive: 05/13, Depart: 05/13, Last Port: Los Angeles, CA, Berth: B-01, Activity: Visitation, Stevedore: METRO, Agent: QUAY, Line: ROYAL, Flag: NIS
Seven Seas Mariner -- Arrive: 05/14, Depart: 05/14, Last Port: Cabo San Lucas, Mx, Berth: B-02, Activity: Disembark, Intransit, Stevedore: SSA, Agent: QUAY, Line: RAD, Flag: FR
Carnival Elation -- Arrive: 05/17, Depart: 05/17, Last Port: Ensenada, Mexico, Berth: B-04, Activity: Embark, Disembark, Stevedore: SSA, Agent: PSH, Line: CARNVL, Flag: PA
Definitions -- Stevedore: Manages the operation of loading or unloading a ship. Agent: Manages the contracts, logistics. Line: Shipping line that owns the ship. Flag: Nation the ship is flagged under. Source: San Diego Marine Information System
