Watch These 2 IPOs This Week

Stocks fell on Monday as oil hit another record high.
Crude traded above $63/barrel after the U.S. embassy in Saudi Arabia
was closed for two days due to an unspecified threat. Gasoline hit a record high
as well.

Home prices rose 16.5% in Q2 and 12.5% year/year. Arizona saw the
fastest price appreciation,  growing at 48.6% annualized rate.

ETrade
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will acquire HarrisDirect in a $700 million deal which is expected to be
accretive by 0.17/share.

Cisco
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may be interested in buying Nokia
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Business newspaper. NOK is trading up 2.5%. Nokia is denying that it is in talks
with Cisco..

Baidu.com
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closed at 116.42. Some analysts are expecting good performance from IPOs this
week on the heels of BIDU’s success. Coming this week is Refco (RFX),
which is offering 25 million shares between $19 -$21 and Ruth’s Chris Steak
House, offering 11.4 million shares between $15 -$17.

Delphi
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reported a wider loss, guided lower and said it was in discussions with its
former parent, General Motors about a restructuring plan..

Strong sectors were: Oil
(
$OIX.X |
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Oil Services
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Weak sectors were:  Biotech

(
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(
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