Friday, August 3, 2007

Morning Note...

Quiet morning thus far.  Futures down slightly.  

July payroll data relatively neutral.  Oil over $77.  10 year note yields 4.75%.

PG beat estimates by 1c and is trading up pre-mkt. AAPL memory chips may be affected by Samsung power outage, AHM to cut staff from 7,000 to 750.  GSCO upgrades banks

Announced Deals: 

Rockbay News: Australian paper reports BHP could still take over RTP, Chrysler/Cerberus deal expected to close today, NRG upgraded at RBC, UBS cuts CBRY LN target to 625p, GSCO ups MNDI LN to Buy on recent sell-off, CEP to acq Newfield Oil & Gas Properties, HRZ upped to Buy at UBSW, Atlas Holdings earnings, CDL upgraded at BofA, EYE upgraded at Citi, TYC upped at JPMC, BBI CEO bot 680,000 shares Monday, HUN block priced at $24.35, Noonday Asset Management reports 5.2% stake in AQNT

Vito’s Trivia:  Name the only animal that never sleeps.

Yesterday’s Answer:   These are three of the most dangerous sharks…
1) Great White  2) Bull Shark  3) Oceanic White Tip