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TMCNet: Week in Review: November 2 - 6, 2009

[November 06, 2009]

Week in Review: November 2 - 6, 2009

Nov 06, 2009 (SmarTrend(R) Week In Review via COMTEX) -- % Change ------------------------------ Index Close Week YTD ------------------------------------------------------ DJIA 10023.42 3.20% 14.21% S&P 500 1069.30 3.20% 18.38% NASDAQ 2112.44 3.29% 33.95% -Warren Buffett's Berkshire Hathaway (NYSE:BRK.A) places an "all-in wager" on the US economy's future, planning to acquire the nation's second-largest railroad, Burlington Northern Santa Fe (NYSE:BNI), for $44 billion -Cisco Systems' (NASDAQ:CSCO) CEO John Chambers said a global recovery is currently underway, as he projected a current quarter sales rebound. The company's interims topped estimates, and revenue expectations were raised for the current quarter to 1-4% growth from a year earlier -Hyatt Hotels (NYSE:H) successfully raises $1.09 billion in the second biggest IPO this year, as 38 million shares priced at $25 per share -Verizon (NYSE:VZ) launches its Droid smartphone Friday, utilizing Google's (NASDAQ:GOOG) operating system, Android 2.0 OS, directed squarely at the fast-growing, Apple (NASDAQ:AAPL) iPhone, but expected to cut into Research in Motion's (NASDAQ:RIMM) and Palm's (NASDAQ:PALM) market share -October nonfarm payrolls report indicates jobless rate at a surprising 10.2%, its highest since 1983, and well above consensus projections of 9.9%. The 190K jobs cut also exceeded estimates of 175K as payrolls continued lower for the 22nd consecutive month The Week Ahead: November 9 - 13, 2009 --------------------------------------------------------------------------------------------- -Earnings: Pall Corp. (NYSE:PLL), Adobe Systems (NYSE:ADBE), Best Buy (NYSE:BBY), Kroger (NYSE:KR), Oracle (NASDAQ:ORCL), Discover Financial (NYSE:DFS), FedEx (NYSE:FDX), Pier 1 Imports (NYSE:PIR) -Economic Data (estimates in parenthesis): Initial Jobless Claims Nov 7 (510K), Continuing Claims Oct. 31 (5700K), Trade Balance Sep (-$31.6 billion), Import Price Index MoM Oct. (-5.6%), University of Michigan Confidence Nov P (71.0) -FedSpeak: Atlanta Fed President Dennis Lockhart (Tues), San Francisco Fed President Janet Yellen (Tues), Dallas Fed President Richard Fisher (Tues), Chicago Fed President Charles Evans (Fri) By Chip Brian, Editor-in-Chief Ticker Trend Trend Date Trend Price Last Price Return ---------------------------------------------------------------------------- CSCO Uptrend 07/16/2009 $19.96 $23.82 19.3% ROK Uptrend 07/15/2009 $33.68 $43.32 28.6% DIS Uptrend 03/23/2009 $18.33 $28.56 55.8% RIMM Downtrend 09/25/2009 $69.94 $58.72 16.0% SmarTrend scans over 5,000 stocks daily and alerts you when a change in trend is identified. Get a free trial of our trading calls at http://www.TradeTheTrend.com.

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