Stronger Opening
Stocks appear set to open higher
Friday.
Goldman Sachs upgraded Kohl’s Corp
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to Recommended List from Market Outperform, with a price target of $70.
Cisco Systems
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that the company believes that business is beginning to stabilize and confirmed
guidance for the quarter.
UBS Warburg upgraded Office Depot
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from Hold to Buy and raised its price target for the office supply store to $17
from $13.
Williams Sonoma
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earnings of 2 cents a share, beating estimates by 2 cents, according to a poll
taken by Thomson Financial/First Call. However, the company reduced its outlook
for Q3 to be in the range of 5 to 7 cents vs. consensus of 11 cents.
Car maker BMW will be offering a
satellite radio service provided by Sirius Satellite
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PowerRating) in their 3-series, 5-series and X5 vehicles.
Oil prices rose Friday due to a major
refinery glitch in the United States, along with lower fuel inventories.
Professional Detailing
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provided guidance based on the introduction of a generic form of Ceftin. FY01
revenues are estimated to come in between $50-60 million and 80 to 90 cents and
for FY02 guided revenues to come in between $225-235 million and $1.50 a share.
Knight Ridder
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Company
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for $9.25 per share or $200 million, with both companies contributing 50% of the
purchase price.
Durable goods for July fell 0.6%.
Taking out transportation numbers, the durable goods would be lower 1.4%.
There was a revision for the June Durable
goods numbers from a decrease of 1.7% to 2.6%. It should be noted that this is a
very volatile number and does not give us a good forecasting gauge.
July Auto orders increased 3.8%, while
July Communications equipment orders rose 18.3%.
CIBC World Markets initiated coverage
on Tweeter Home Entertainment Group
(
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Century Aluminum
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started at a Buy rating by Credit Suisse First Boston.
Goldman Sachs initiated coverage
on Williams Energy
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Advest Inc initiated coverage on
Ansoft
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