Monday, September 18, 2006

Monday After Hours Review

The market closed mixed Monday. The star of the day definitely belongs to the semi groups after (FSL) was taken by a private equity group. It is possible that there may be more buyout in the group in the coming weeks or months. The Fed interest rate meeting is coming this Wednesday. Investors are expecting the FED to postpone rate hike again because of the low inflation data as presented from the CPI and weak housing market.

I believe we can get another upside once the announcement is made regarding no increase in rate hike. Stay tune.

Tomorrow's Expected Earnings
Company (Symbol) Expected Last Year
AutoZone (AZO) $2.79 $2.59
CBRL Group (CBRL) $0.77 $0.74
Darden Restaurants (DRI) $0.58 $0.53
Oracle (ORCL) $0.15 $0.14

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