Jul 8, 2008

Tuesday, July 8, 2008

Zenn Electric Vehicle: Kelly Blue Book's Review

negative hit piece on the zenn electric car

Pre-Market: NYSE & Nasdaq Gaps

Jul 8 8:59am ET †		Price	Change	%Change	Volume

FNM	Fannie Mae	16.75	+1.01	+6.42%	764,030
WAG	Walgreen Co.	31.70	0.00	0.00%	585,800
FRE	Freddie Mac	12.95	+1.04	+8.73%	559,710
IWM	iShares:Russ 2000 Idx	65.55	-0.14	-0.21%	444,528
WMT	Wal-Mart Stores, Inc	57.01	+0.10	+0.18%	400,350
LEA	Lear Corporation	13.23	0.00	0.00%	309,000
XOM	Exxon Mobil Corp	86.29	-0.66	-0.76%	306,332
GM	General Motors Corporation	10.25	+0.01	+0.10%	294,968
BAC	Bank Of America Corporation	21.68	+0.15	+0.70%	277,099
HD	Home Depot, Inc	22.27	-0.05	-0.22%	268,100
FCX	Freeport-McMoRan Copper & Gold Inc	108.42	-1.17	-1.07%	253,279
GLD	Spdr Gold Trust	90.95	-0.28	-0.31%	206,089
HMC	Honda Motor Co., Ltd.	33.40	-0.08	-0.24%	201,700
FCXPRM	Freeport-Mcmoran Copper & Go	158.85	0.00	0.00%	178,000
F	Ford Motor Company	4.48	+0.01	+0.22%	170,373
WBPRS	Wachovia Corp New	21.48	0.00	0.00%	150,000
LEH	Lehman Brothers Holdings Inc	21.03	+0.19	+0.91%	140,200
CSX	CSX Corporation	56.88	0.00	0.00%	123,100
NOK	Nokia Corp	24.40	-0.17	-0.69%	117,786
C	Citigroup, Inc	16.55	+0.15	+0.91%	115,199
BNI	Burlington Northern Santa Fe Corporation	94.63	0.00	0.00%	105,000
RDSA	Royal Dutch Shell Plc	79.03	+0.08	+0.10%	88,400
AU	Anglogold Ashanti Ltd	31.96	-0.63	-1.93%	84,300
COP	Conocophillips	89.85	-0.51	-0.56%	78,600
WM	Washington Mutual Inc	5.25	+0.12	+2.34%	75,378
NVO	Novo-Nordisk A/S	62.21	-1.02	-1.61%	75,000
GSK	GlaxoSmithKline plc	47.62	+1.79	+3.91%	73,400
FXI	iShares:FTSE/Xinhua	127.12	-1.30	-1.01%	65,535
LCC	US Airways Group Inc	2.61	+0.14	+5.67%	63,697
IMB	IndyMac Bancorp Inc	0.45	-0.26	-36.62%	62,770

Jul 8 9:05am ET †		Price	Change	%Change	Volume

QQQQ	PowerShares QQQ	44.94	+0.04	+0.09%	3,238,255
BRLC	Syntax Brillian Corp	0.05	-0.41	-89.13%	903,025
SYMC	Symantec Corp	19.13	-0.00	-0.00%	763,500
GOOG	Google Inc	548.00	+4.09	+0.75%	413,626
ORCL	Oracle Corporation	20.84	-0.25	-1.19%	332,020
SHPGY	Shire Limited	46.16	+0.04	+0.09%	325,000
ASML	Asml Holding N V	23.12	-0.71	-2.98%	163,700
MDVN	Medivation Inc	12.50	+0.44	+3.65%	140,562
AAPL	Apple Inc	175.51	+0.35	+0.20%	133,769
SIRI	Sirius Satellite Radio Inc	1.95	-0.03	-1.52%	127,801
RIMM	Research in Motion Limited	116.54	+0.88	+0.76%	109,213
YHOO	Yahoo! Inc	23.82	-0.09	-0.38%	80,402
NSANY	Nissan Motors	16.19	+0.03	+0.19%	70,790
UAUA	Ual Corp	4.40	+0.21	+5.01%	68,320
AAUK	Anglo Amern Plc	30.25	-0.16	-0.53%	64,000
TEVA	Teva Pharmaceutical Inds Ltd	43.55	+0.37	+0.86%	58,779
ENER	Energy Conversion Devices Inc	68.90	+3.57	+5.46%	32,849
QCOM	QUALCOMM Incorporated	45.52	+0.16	+0.35%	28,900
CPST	Capstone Turbine Corp	3.49	+0.08	+2.35%	25,400
INTC	Intel Corporation	20.66	-0.05	-0.24%	24,070
SPLS	Staples Inc	22.17	-0.97	-4.19%	21,200
CSCO	Cisco Systems, Inc	22.51	-0.06	-0.27%	21,106
ALTI	Altair Nanotechnologies Inc	1.66	+0.21	+14.48%	16,800
BIDU	Baidu Com Inc	331.50	+3.61	+1.10%	14,624
HYGS	Hydrogenics Corporation	1.75	+0.10	+6.06%	14,183
ESLR	Evergreen Solar Inc	9.25	-0.02	-0.22%	13,777
BPHX	Bluephoenix Solutions Ltd	4.69	+0.43	+10.09%	13,702
ETFC	E Trade Financial Corp	3.31	-0.01	-0.30%	12,950
LVLT	Level 3 Communications Inc	2.70	+0.05	+1.89%	12,216
SOLF	Solarfun Power Holdings Co L	14.90	+0.11	+0.74%	11,600

Pre-Market: Stock Trading Before the Markets Open from CNNMoney

Opening View: IndyMac Bancorp Increases Pressure on Financial Sector

Turning to financial news, IndyMac Bancorp (IMB: sentiment, chart, options) said after the close last night that Federal Deposit Insurance Corp. (FDIC) regulators are barring the company from accepting new brokered deposits after concluding that the lender isn't "well capitalized" after it failed to raise new capital. IMB is still eligible to get a waiver from the FDIC, but the company said it's not certain a waiver will be granted. IndyMac also announced that it will cut 3,800 jobs, bringing staff levels to roughly 3,400. Furthermore, the company expects that second-quarter losses could be larger than the first quarter.

In the retail sector, Office Depot (ODP: sentiment, chart, options) said that "pressure from weakening business conditions" pushed second-quarter North American same-store retail sales nearly 10% lower. For the quarter, total sales were "down slightly" as "sales trends worsened late in the quarter." ODP expects the economy to be "difficult" for the rest of 2008, but expects profit margins to improve sequentially in the third and fourth quarters.

On the earnings front, Pepsi Bottling Group (PBG: sentiment, chart, options) said that second-quarter net income rose 7% to $174 million, or 78 cents per share. Revenue jumped 5% to $3.52 billion. Analysts expected earnings of 75 cents per share on sales of $3.55 billion. PBG still expects annual earnings between $2.30 and $2.38 per share, but now sees revenue growth between 5% and 6%, down 1% from prior estimates on both the high and low end.

Finally, United Airlines (UAUA: sentiment, chart, options) and Frontier Airlines (FRNT: sentiment, chart, options) announced that they will layoff about 600 workers at the Denver International Airport. In a June 17 letter to the state, United said it would dismiss 50 customer service representatives and 100 workers classified as "ramp servicemen" in Denver beginning this week. In another letter dated June 27, Frontier Airlines said it would lay off 456 employees beginning September 1. Frontier filed for bankruptcy in April and had said at the time it would layoff employees to cut costs. United has said it would cut about 1,600 jobs through 2009.