AAPL April 22th after market, unconfirmed
IBM April 20th after market, unconfirmed
RIMM April 02nd after market, Confirmed
DELL MAY 28th after market, unconfirmed
EMC April 22th before market,confirmed
The Tiger
- Options Investing
- KL, Malaysia
- I am a tiger in the game of stock trading. I relentlessly looking for candidates to trade. When it is an inflection point. You would see i am actively participate in the game.
Thursday, April 2, 2009
Today's IPO
Changyou.com CYOU 7.5 M shares initial priced at 16.
Lead Underwriter: Credit Suisse, Merrill Lynch Co-managers: Citigroup, Susquehanna Financial
Description: Chinese online game developer and operator
Lead Underwriter: Credit Suisse, Merrill Lynch Co-managers: Citigroup, Susquehanna Financial
Description: Chinese online game developer and operator
Mark-to-market change might be nonevent for stocks
http://www.marketwatch.com/news/story/Mark-market-change-might-nonevent/story.aspx?guid={7A42F9A1-C1FD-4587-AF9E-C6E7DCC80406}
source from market watch
Some of the article i put here is worth reading...and paste here is for record purposes as well, this might come handy when needed for reference.
NEW YORK (MarketWatch) -- For weeks, investors have been expecting regulators to change accounting rules that would allow banks to recoup some losses already taken on illiquid mortgage assets, making Thursday's official decision by the Financial Accounting Standards Board almost a nonevent, analysts said.
But those high expectations are setting the market up for a big disappointment if rule makers actually balk at making changes.
"There might be a little bit of a positive reaction, but the move in stocks has already taken place as regulators already said they were considering changing the rule back in early March," said Fred Dickson, chief market strategist at D.A. Davidson & Co.
But "in the event they recommend no changes, we could see a sell-off," Dickson said.
The accounting board, known as FASB, is scheduled to vote Thursday on giving auditors more flexibility in valuing illiquid mortgage assets that may have a long-term value and strong cash flow. In other words, they are not distressed assets, but they cannot be sold in the markets today.
The change in the rule is expected to be retroactive, giving bankers the ability to revalue some assets in time for the first-quarter reporting season, which starts this month.
The change would also give banks a break from pressures to raise capital. As banks wrote down trillions of bad assets over the past two years, many were forced to seek additional capital. For some of the biggest financial institutions, that capital has had to come from the government to prevent them from going bust.
Doubt remains
Besides the positive impact on capital pressures, the likely boost to banks' first-quarter earnings, there remains a considerable amount of doubt among market participants about the effectiveness of changing accounting rules.
"To start with, it's a little confusing from a policy standpoint," said Owen Fitzpatrick, head of U.S. equities at Deutsche Bank.
Treasury Secretary Timothy Geithner last month provided details of his plan to encourage private investors, backed by public money, to purchase some of the bad assets plaguing the banks' balance sheets.
"But if the new rules can allow them to price these assets higher, they won't have as much of an incentive to sell them and therefore it doesn't make complete sense with Geithner's plans," Fitzpatrick said. End of Story
Nick Godt is a MarketWatch reporter based in New York.
source from market watch
Some of the article i put here is worth reading...and paste here is for record purposes as well, this might come handy when needed for reference.
NEW YORK (MarketWatch) -- For weeks, investors have been expecting regulators to change accounting rules that would allow banks to recoup some losses already taken on illiquid mortgage assets, making Thursday's official decision by the Financial Accounting Standards Board almost a nonevent, analysts said.
But those high expectations are setting the market up for a big disappointment if rule makers actually balk at making changes.
"There might be a little bit of a positive reaction, but the move in stocks has already taken place as regulators already said they were considering changing the rule back in early March," said Fred Dickson, chief market strategist at D.A. Davidson & Co.
But "in the event they recommend no changes, we could see a sell-off," Dickson said.
The accounting board, known as FASB, is scheduled to vote Thursday on giving auditors more flexibility in valuing illiquid mortgage assets that may have a long-term value and strong cash flow. In other words, they are not distressed assets, but they cannot be sold in the markets today.
The change in the rule is expected to be retroactive, giving bankers the ability to revalue some assets in time for the first-quarter reporting season, which starts this month.
The change would also give banks a break from pressures to raise capital. As banks wrote down trillions of bad assets over the past two years, many were forced to seek additional capital. For some of the biggest financial institutions, that capital has had to come from the government to prevent them from going bust.
Doubt remains
Besides the positive impact on capital pressures, the likely boost to banks' first-quarter earnings, there remains a considerable amount of doubt among market participants about the effectiveness of changing accounting rules.
"To start with, it's a little confusing from a policy standpoint," said Owen Fitzpatrick, head of U.S. equities at Deutsche Bank.
Treasury Secretary Timothy Geithner last month provided details of his plan to encourage private investors, backed by public money, to purchase some of the bad assets plaguing the banks' balance sheets.
"But if the new rules can allow them to price these assets higher, they won't have as much of an incentive to sell them and therefore it doesn't make complete sense with Geithner's plans," Fitzpatrick said. End of Story
Nick Godt is a MarketWatch reporter based in New York.
Economy contracting at slower pace, no bottom yet
New economic reports on construction spending, manufacturing and pending home sales suggest the recession may be moving closer to a bottom.
But most analysts think the low point is still months away, with more bad news likely before the economy stabilizes and begins to rebound.
"I think the best that can be said right now is that the pace of decline has slowed, but we are still heading down," said David Wyss, chief economist at Standard & Poor's in New York. "Any recovery is still a work in progress."
Wyss predicted that the recession, already the longest in a quarter-century, will last until September. But he said the decline in the gross domestic product in the current April-June quarter will probably be just half the 6.3 percent drop that was recorded in the final three months of last year.
The manufacturing report, based on a poll of the Tempe, Ariz.-based trade group of purchasing executives, covers indicators including new orders, production, employment, inventories and prices. None of the 18 manufacturing industries grew in March, and new jobs are unlikely before next year.
Inventories will need at least three more months to fall to healthy levels. When that happens, new orders could rebound "and then it's a number of months before you see any improvement in employment," said Norbert Ore, chair of the ISM manufacturing survey committee.
"It's going to be long, and it's going to be slow," Ore said.
The Commerce Department report showed nonresidential construction rose 0.3 percent in February. That was a slight rebound after a 4.3 percent drop in January that had been the biggest decline in 15 years.
With the financial sector facing its worst crisis in seven decades, banks have tightened their loan standards, making it harder to get financing for shopping centers and other commercial projects.
Analysts are forecasting that the commercial real estate industry is poised to fall into the worst crisis since the last great property bust of the early 1990s. Delinquency rates on loans for hotels, offices, retail and industrial buildings have risen sharply in recent months and are likely to soar through the end of 2010 as companies lay off workers, downsize or close.
Construction spending by the government showed a 0.8 percent increase in February after two months of declines. All the changes left total construction spending at a seasonally adjusted annual rate of $967.5 billion in February, the slowest pace since March 2004.
source from yahoo finance
But most analysts think the low point is still months away, with more bad news likely before the economy stabilizes and begins to rebound.
"I think the best that can be said right now is that the pace of decline has slowed, but we are still heading down," said David Wyss, chief economist at Standard & Poor's in New York. "Any recovery is still a work in progress."
Wyss predicted that the recession, already the longest in a quarter-century, will last until September. But he said the decline in the gross domestic product in the current April-June quarter will probably be just half the 6.3 percent drop that was recorded in the final three months of last year.
The manufacturing report, based on a poll of the Tempe, Ariz.-based trade group of purchasing executives, covers indicators including new orders, production, employment, inventories and prices. None of the 18 manufacturing industries grew in March, and new jobs are unlikely before next year.
Inventories will need at least three more months to fall to healthy levels. When that happens, new orders could rebound "and then it's a number of months before you see any improvement in employment," said Norbert Ore, chair of the ISM manufacturing survey committee.
"It's going to be long, and it's going to be slow," Ore said.
The Commerce Department report showed nonresidential construction rose 0.3 percent in February. That was a slight rebound after a 4.3 percent drop in January that had been the biggest decline in 15 years.
With the financial sector facing its worst crisis in seven decades, banks have tightened their loan standards, making it harder to get financing for shopping centers and other commercial projects.
Analysts are forecasting that the commercial real estate industry is poised to fall into the worst crisis since the last great property bust of the early 1990s. Delinquency rates on loans for hotels, offices, retail and industrial buildings have risen sharply in recent months and are likely to soar through the end of 2010 as companies lay off workers, downsize or close.
Construction spending by the government showed a 0.8 percent increase in February after two months of declines. All the changes left total construction spending at a seasonally adjusted annual rate of $967.5 billion in February, the slowest pace since March 2004.
source from yahoo finance
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