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November 22, 2009 3:49:59 PM EST

News Story

Week in Review: November 2 - 6, 2009
Friday November 06, 2009 17:13:56 EST

Nov 06, 2009 (SmarTrend(R) Week In Review via COMTEX News Network) --
                                  % 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

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-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%
 Continued...
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DIS 30.01 -0.20 (-0.66203%)
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