Market Preview: Searching for Safe Havens
Wednesday's morning lineup of quarterly reports includes AGCO Corp. (AG), Ashland (ASH), Computer Sciences Corp. (CSC), Dean Foods (DF), DG FastChannel (DGIT), General Growth Properties (GGP), IAMGOLD (IAG), Ivanhoe Energy (IVAN), Liz Clairborne (LIZ), Macy's (M), Maidenform Brands (MFB), Polo Ralph Lauren (RL), PriceSmart (PSMT), SodaStream International (SODA), and Wendy's (WEN).
The late crowd features 99 Cents Only Stores (NDN), Advance Auto Parts (AAP), Green Mountain Coffee Roasters (GMCR), Heelys (HLYS), Jamba (JMBA), Lions Gate Entertainment (LGF), Luby's (LUB), MBIA (MBI), Rock-Tenn (RKT), and Spreadtrum Communications (SPRD).
Meantime, it's another light day on data on Wednesday with the Mortgage Bankers Association's weekly application index at 7 a.m. ET, wholesale inventories for September at 10 a.m. ET, and crude inventories for the week ended Nov. 5 at 10:30 a.m. ET.
And finally, Tuesday's after-hours action featured a big drop for Adobe Systems (ADBE), which lost ground after announcing plans to eliminate 750 jobs, or roughly 8% of its workforce, as part of a restructuring.
--Written by Michael Baron in New York.>To contact the writer of this article, click here: Michael Baron. >To submit a news tip, send an email to: tips@thestreet.com
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