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Turnaround Tuesday?
Posted on May 20, 2008
Good morning. Investors have more data to sort through this morning, but most of it is not all that positive. A mixed PPI, another new record in oil prices, and disappointing earnings from several retailers like Home Depot (HD), Staples (SPLS), & Target (TGT) are in focus. In addition, Analyst Meredith Whitney is also making headlines with a prediction that banks will write off more than $170 billion of additional reserves by the end of next year. Premarket gainers: JAZ, NCTY, PRGN, PEIX, SBLK, NFLX, CSUN, TICC, CTEL, ESLT, JRJC, AKNS, SOLF, DRYS, MDT, BIDZ, AMKR, TNB, SHPGY, PNNT, CSIQ, GIGM,...
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