8:20AM : Expectations for a positive open for the cash market remain intact as the S&P futures, +1.90, are 2.90 points above fair value while the Nasdaq 100 Pre-Market Indicator is up 12.50 points... Favorable developments contributing to bullish bias include gains in foreign markets, a Merrill Lynch upgrade of Intel (INTC 33.86), better than expected earnings and reassuring FY02 guidance from Procter & Gamble (PG 78.29), and Oracle's (ORCL 16.62) relatively positive analyst meeting last night
7:55AM Opening Indications : A modestly positive bias in the futures market as the S&P futures, +1.00, are 2.00 points above fair value while the Nasdaq 100 futures, +11.50, are 10.50 points above fair value... Merrill Lynch upgrade of Intel (INTC) and carryover interest from yesterday's late rally contributing to positive tone
7:46AM Infineon in talks with Hynix Semi, complicating MU talks (IFX) 20.94: Co disclosed that it is in talks with Hynix Semiconductor about a possible development and/or manufacturing alliance. These discussions could complicate Micron's (MU) effort to acquire Hynix.
7:20AM Intel upped at Merrill Lynch (INTC) 33.86: Merrill Lynch's Joe Osha upgrades to near-term STRONG BUY from Buy; believes that INTC will see stronger than expected mkt share gains, improving visibility, and margin expansion during the next several qtrs; pricing pressure in the enterprise computing biz will increasingly favor INTC; and launch of 0.13 micron Northwood puts INTC in the best competitive position since 1999. Raises FY02 est to $0.73 from $0.70 due to higher gross margins; price target is $42.
finance.yahoo.com
Thank you for all the work you do in sharing your charts. Anyone have a date for the next btb announcement? RtS |
