Wednesday, February 20, 2008

U.S. stock futures lower before CPI report; H-P rises - MarketWatch

U.S. stock futures lower before CPI report; H-P rises - MarketWatch

But other banks, notably ING (ING:
ING) , haven't been stung as badly by the credit crunch, with the Dutch lender and insurer climbing 2.5% in Amsterdam after reporting an 18% profit rise.
Elsewhere, Hewlett Packard (HPQ:
HPQ) rose 4% in pre-open trade as the computer maker unveiled a 38% fiscal first-quarter profit rise and forecast better current quarter earnings than analysts had forecast.
"We view upside/downside as attractive given valuation and our confidence (in) the company's ability to meet EPS targets," said Daniel Renouard, an analyst at Robert W. Baird & Co.
Mapping-device maker Garmin (GRMN:
GRMN) rallied 7.9% in pre-open deals after reporting that fourth-quarter earnings rose to $307 million from $180 million.
NutriSystem (NTRI:
NTRI) dropped 22.5% as the weight-loss product company reported a 46.5% fourth-quarter profit fall.
The Nikkei 225 closed with big losses in Tokyo, down 3.2%. Europe stocks also fell, with the FTSE 100 losing 1.9% in mid-day trade. End of Story


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