JPMorgan
CIT Group, Inc. (NYSE: CIT) 101% HIGHER; spikes higher mid-day on reports the company the company is in talks with JPMorgan Chase and Goldman Sachs for short-term financing.
1st Pacific Bancorp (Nasdaq: FPBN) 80.9% HIGHER ...
The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:
Before Market Opens:
Economics:
8:30am ET
Initial Jobless Claims for the week of 7/11 - Street expects 552K9am ET
Net Long-Term TIC Flows for May - Street expects $7.5BEarnings:
Biogen (Nasdaq: BIIB) - consensus EPS $0.97
Genuine Parts (NYSE: GPC) ...
StreetInsider.com Morning Movers:
Wachovia (NYSE: WB) 76% HIGHER; Wells Fargo and Wachovia signed a definitive agreement for the merger of the two companies including all of Wachovia's banking operations in a whole company transaction requiring no financial assistance from the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
General Growth Properties, Inc. (NYSE: GGP) 38% HIGHER; announced the appointment of Edmund Hoyt as the Company's Chief Financial Officer on an interim basis. Mr. Hoyt succeeds Bernard Freibaum, who is no longer employed by the Company. The Company also announced that, given the uncertainty and volatility in the capital markets, and the fact that all distributions currently required to maintain REIT status have already been made this year, the Company's board of directors ...
UPGRADES:
Citi upgrades CONSOL Energy (NYSE: CNX) from Hold to Buy. However, price target lowered from $88 to $71.
Fox-Pitt Kelton upgrades National City (NYSE: NCC) from In Line to Outperform.
Fox-Pitt Kelton ...
StreetInsider.com Unusual 11 Mid-Day Movers:
CROCS Inc. (Nasdaq: CROX) 44.9% LOWER; sees Q2 EPS of $0.03-$0.07, versus the consensus of $0.41. Sees Q2 revs of $195-$205 million, versus the consensus of $248.1 million. Sees Q3 EPS $0.01-$0.05, versus the consensus of $0.57. Sees Q3 revs of $195-$205 million, versus the consensus of $282.3 million.
InsWeb Corp. (NASDAQ: INSW) 39% LOWER; reports a Q2 loss of $0.21, versus a $0.04 gain in Q207. Revenues for the quarter were $8.8 million, compared to $8.1 million in the same quarter last year.
Cepheid (Nasdaq: CPHD) 33.8% LOWER; reports a Q2 non-GAAP loss of $0.06, in-line with the analyst estimate of ($0.06). Revenues for the quarter were ...
