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Before the bell: CROX, JNPR, CCU, FO, MSFT, DAL, GOOG, WB, WM, LEH ... |
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| Jul 25, 2008 08:13 AM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Before the bell, Earnings reports, Analyst reports, Analyst upgrades and downgrades, Deals, Google (GOOG), Microsoft (MSFT), Yahoo! (YHOO), Market matters, Netflix, Inc. (NFLX), Black and Decker (BDK), Merrill Lynch (MER), Clear Channel Commun (CCU), Chipotle Mexican Grill'A' (CMG), Fortune Brands (FO), Morgan Stanley (MS), Wachovia Corp (WB), Washington Mutual (WM), Economic data, Juniper Networks (JNPR), Crocs Inc (CROX), Delta Air Lines (DAL), Lehman Br Holdings (LEH), Housing  U.S. stock futures were lower Friday morning, a day after a selloff triggered by housing data. Today investors are bracing for more housing data at 10:00 a.m. EDT after already hearing that foreclosures soared 121% during the second quarter. Other point of interest will be durable goods data reported an hour before the opening bell. Meanwhile, oil continued the steady climb that started Thursday as the dollar weakens, trading above $126 a barrel. It's Friday, and no many earnings reports are due.While there aren't many earnings reports today, there are a few including Fortune Brands (NYSE: FO), Netflix (NASDAQ: NFLX) and Black & Decker (NYSE: BDK) among others. Crocs (NASDAQ: CROX) shares are tanking over 44% to $5 after after it cut its earnings outlook significantly on softer demand for its plastic shoes. With all those knockoffs around, is it any wonder? Robert W. Baird downgraded Crocs from Outperform to Neutral, slashing the target price from $21 to $5. Meanwhile, Juniper Networks (NASDAQ: JNPR) surged 12% in premarket trading after the company not only beat estimates when reporting quarterly results Thursday, but also increased its sales forecast for the third-quarter much higher than analyst estimates. Friedman Billings and Citigroup both upgraded Juniper to Outperform and Buy respectively. In deal news, Clear Channel Communications (NYSE: CCU) shareholders on Thursday approved a $17.9 billion takeover by private equity funds Thomas H. Lee Partners and Bain Capital. This ends the 20-month long effort. Continue reading Before the bell: CROX, JNPR, CCU, FO, MSFT, DAL, GOOG, WB, WM, LEH ... Permalink | Email this | Comments<map name="google_ad_map_145-1266818"><area href="http://imageads.googleadservices.com/pagead/imgclick/145-1266818?pos=0" shape="rect" coords="1,2,367,28" /><area href="http://services.google.com/feedback/abg" shape="rect" coords="384,10,453,23" /></map> 
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