Daily Highlights: 1.5.10

Tyler Durden's picture
  • Asian stocks advance to 16-month high on US manufacturing, commodities.
  • Brazilian stocks closed at a 20-mt high on a raft of positive economic data at home.
  • Crude-oil futures jumped to a 15-mt high on colder weather, economic optimism.
  • Euro zone's mfg sector purchasing managers' index rose to a 21-mt high in Dec.
  • US manufacturing expanded in December at the fastest pace in more than 3 years.
  • US Treasury plans to sell $16 billion in four-week bills on Tuesday.
  • Agricultural Bank of China plans to raise $22B via dual listing in Shanghai, Hong Kong.
  • Apple to unveil a multimedia tablet later this month, to ship it by March.
  • Eli Lilly is hiring outside contractors to run tests on its drug candidates.
  • Flixster acquires movie-ratings site Rotten Tomatoes from News Corp.
  • GM expects sales in India to exceed 100,000 vehicles in 2010, helped by introduction of a small car.
  • Hutchison Telecom's biggest shareholder, Hutchison Whampoa, offers to take it private.
  • Japan Airlines rises after workers agree to cuts in future pension payment.
  • Nestle agrees to buy Kraft's Pizza unit for $3.7B, spurns Cadbury.
  • Rite Aid Corp.'s Dec same-store sales fell 1.8% - 7th straight month of decline.
  • Sumitomo Mitsui said to plan $8.7B share sale to replenish capital.
  • Talbots amends loan facility and repays all outstanding third party bank debt.
  • Total SA to pay $2.25B for 25% of Chesapeake Project as it pursues US opportunities.
  • Toyota aims to triple India share to 10%, challenging Suzuki.
  • UAL Corp.'s traffic in December was mostly unchanged at 9.21B revenue passenger miles.

Economic Calendar: Data on Factory Orders, Pending Home Sales, Auto Sales to be released today.

Earnings Calendar: MOS, SONC.

Companies to watch: Apple, Eli Lilly, Ford, GM, Honda, Rite Aid Corp., Sonic Corp., Total SA, Toyota, The Mosaic Company,

Recent Egan-Jones Rating Actions
BRINKER INTERNATIONAL INC (EAT)
ANADARKO PETROLEUM CORP (APC)
SINCLAIR BROADCAST GROUP (SBGI)
DR PEPPER SNAPPLE GROUP INC (DPS)
COMMERCIAL METALS CO (CMC)
FRONTIER OIL CORP (FTO)
CHESAPEAKE ENERGY CORP (CHK)
DR PEPPER SNAPPLE GROUP INC (DPS)
CHEVRON CORP (CVX)
FREMONT GENERAL CORP (FMNTQ)
FOUR SEASONS (3312780Q)
MOOG INC (MOG/A)
YRC WORLDWIDE INC (YRCW)