from briefing.com this am:
06:35 ET SEC Encourages Equity Buying : The WSJ reports that the Securities and Exchange Commission has waived a list of rules in an attempt to encourage buying at the reopen of trading today. SEC lifts the regulation preventing companies from buying their stock in the first and last 30 minutes of the session (for as many as 10 days) and is allowing companies to buy up to 100% of the previous month's avg. daily volume (up from 25%). Additionally, corporate insiders will be able to purchase shares regardless of when they last
traded.
and this:
Defense Stocks : The US Defense budget is expected to grow considerably after the attacks. The U.S. defense industry has undergone dramatic consolidation resulting in the emergence of four dominant prime system contractors: Boeing (BA 43.46), Lockheed Martin (LMT 38.32), Northrop Grumman (NOC 81.94) and Raytheon (RTN 24.85). Others with large defense exposure include General Dynamics (GD 75.97), the Navy's leading supplier of combat vessels, and TRW (TRW 33.89), which provides systems engineering, research and technical services. The caveat is that Boeing will be under pressure as the concern of lower air travel demand weighing on its commercial business will overshadow its defense segment. Earlier this year, there was much talk of defense budget cuts. We believe that the attacks fundamentally alter the country's attitudes for the long term...There are over 1,400 airports worldwide providing service for roughly 2.5 billion passengers per year. Of these airports, over 550 are located in the US. The FAA has already said that security at airports will be beefed up which will help security equipment suppliers....Briefing.com expects some small cap bomb detection stocks to trade higher next week including Magal Security (MAGS 4.99). InVision (INVN 3.11) makes 3D scanners while Viisage Tech (VISG 1.94) sells face recognition software...BusinessWeek is highlighting a couple of stocks that could benefit: Intelli-Check Inc (IDN 8.60), a provider of document verification systems and Armor Holdings (AH 14.30), a security gear maker....While all defense will be bolstered, there will be an immediate focus on ISR (intelligence, surveillance and reconnaissance) abilities. An interesting company is L-3 Communications (LLL 63.00), which is much more focused on ISR than the diversified names above. LLL sells secure, high data rate communications for military and other US reconnaissance and surveillance applications. -- Robert J. Reid, Briefing.com
also from story stocks on site:
History has shown that the market typically encounters some intense selling pressure in the early stages following a catastrophic event as fear and uncertainty take hold. On the bright side, history has also shown that emotionally-driven selloffs in the wake of a catastrophic event are typically brief, and oftentimes, represent an attractive buying opportunity for long-term investors. |
