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This table indicates how broker recommendations for key FTSE 100 companies have changed in the last 24 hours. It details how great the rating change has been and reasons for this change. The consensus recommendation gives a numerical rating where 1=Buy, 2=Outperform, 3=Hold, 4=Underperform and 5=Sell.

	25th Apr	28th Apr	Change	Consensus Rating	Broker Change
Anglo American	2.71	2.81	-3.7%	Hold	As part of a review of the mining sector Williams de Broe has downgraded Anglo American to "hold"
BHP Billiton	2.5	2.6	-4.0%	Hold	Also as part of its mining review Williams lowers BHP to "sell", adding that falling oil prices and a drop in oil production is expected to cause BHP to underperform the sector
BP	2.88	2.84	1.4%	Hold	BP's rating lifts as many brokers reiterate positive stances on the stock ahead of tomorrow's Q1 figures
BT Group	2.6	2.62	-0.8%	Hold	Rating falters as press reports indicate that BT could be back on the acquisition trail
Dixons	2.52	2.54	-0.8%	Hold	Hopes that it won't be penalised following the probe into the extended warranty market caused the shares to lift, but trading conditions remain tough and the consumer outlook is uncertain. This situation has prompted downgrades from CSFB ("neutral") and Merrill ("sell") and upgrades from Deutsche ("buy"), DKW ("add") and Goldman Sachs ("outperform")
Intercontinental Hotels	2.4	2.5	-4.2%	Outperform	Morgan Stanley initiates coverage with an "equal weight" rating as it sees strong growth potential. However tough trading conditions and concerns over whether it is a potential takeover target continue to plague the stock
Next	2.74	2.83	-3.3%	Hold	DKW downgrades to "hold" as it predicts H1 profits will be down given the retailer's tough comparables and the increasing competition
Rio Tinto	2.82	2.91	-3.2%	Hold	Williams downgrades to "hold", but adds it will suffer less than peers given its lack of exposure to South Africa
Vodafone	2.11	2.03	3.8%	Outperform	Nomura upgrades to "buy" as it expects VOD's full year figures (late May) to exceed expectations
WPP Group	3.04	2.96	2.6%	Hold	Williams upgrades to "buy" based on better than expected Q1 advertising data from the US

This table indicates how broker recommendations for key FTSE companies have changed in the last 24 hours. It details how great the rating change has been and reasons for this change. The consensus recommendation gives a numerical rating where 1=Buy, 2=Outperform, 3=Hold, 4=Underperform and 5=Sell.

	21st May	22nd May	Change	Consensus Rating	Broker Change
Abbey National	2.83	2.75	2.8%	Hold	WLBP reiterates its "buy" rating despite the shares climbing 50% in recent weeks. It has set a 646p target price.
British American Tobacco	2.38	2.44	-2.5%	Outperform	A Florida court's decision to overturn the original ruling against BAT cause Deutsche to up its target price to 710p from 670p. But Goldman Sachs downgraded to in-line from outperform believing there is little room for improvement.
Compass Group	2.25	2.2	2.2%	Outperform	Morgan Stanley ups its rating to Outperform with a 345p target price, believing we will see another year of strong operational performance.
Dixons	2.65	2.59	2.3%	Hold	Merrill Lynch restates its "sell" position as trading remains tough and downside risks remain.
Great Universal Stores	2.41	2.35	2.5%	Outperform	UBS Warburg, DKW and Deutsche Bank all reiterate their positive ratings ahead of next week's results.
Granada	2.71	2.64	2.6%	Hold	Investec restates its "buy" rating and 135p target following the results. Meanwhile Merrill lowers revenue targets but raises earnings and profit numbers to reflect improved efficiencies.
Marks & Spencer	2.85	2.77	2.8%	Hold	Teather & Greenwood ups its rating to "hold" believing shares are recovering and cashflow is strong enough to support a buyback programme. Charles Stanley reiterates its "buy" rating.
National Grid Transco	2.42	2.18	9.9%	Outperform	JP Morgan lowers its fair value estimate to 515p from 556p to reflect adverse US dollar movements. HSBC reiterates its "buy" rating and 475p target price despite NGT's 7% premium to the sector. It believes NGT's share buybacks limit the downside risk.
Reuters	3.59	3.26	9.2%	Hold	Morgan Stanley moves to "overweight" from underweight and increases its target price to 220p from 130p. It is now more optimistic over product improvements and competitor capacity and believes outstanding risks to forex and pricing are already reflected in its estimates. WLBP also ups its rating to "buy".
Rolls-Royce	3.47	3.56	-2.6%	Hold	CSFB reiterates its "underperform" rating because of concerns over a owrsening travel industry postion.

	23rd May	27th May	Change	Consensus Rating	Broker Change
Allied Domecq	2.71	2.63	3.0%	Hold	Williams de Broupgrades Allied to "buy" as it is now the preferred beverage play ahead of SABMiller
BT Group	2.68	2.59	3.4%	Hold	Many brokers amend their estimates following the telecom group's results last week. Deutsche ups sales, PBT and EPS targets, whereas Exane lowers all three. JP Morgan lowers sales but ups EPS. WLBP reiterates "buy" rating and 240p target price, heartened by the improvement in net debt position. Meanwhile, Lehman adds BT as a short to its European monthly focus list.
Hanson	2.83	2.72	3.9%	Hold	Teather & Greenwood ups its rating to "buy". Meanwhile, Smith Barney notes that Hanson has made greater provision for potential asbestos risk relative to its liabilities than peer, Saint Gobain.
Royal & Sun Alliance	3.13	3.17	-1.3%	Hold	Goldman downgrades to "in-line" from outperform following the share price rally that occurred on the back of better than expected results, believing there is lmited upside to the current value.
SABMiller	2.89	3.11	-7.6%	Hold	Lehman lowers its rating to "underweight", ABN Amro lowers to "sell" following the revelation that management expects Miller's decline to continue a further two years.
Scottish & Newcastle	2.79	2.71	2.9%	Hold	Williams de Broups rating to "buy" but HSBC still says "reduce".
Tomkins	2.82	2.76	2.1%	Hold	Deutsche upgrades to "hold" following the first quarter results and ups the target price to 192p from 155p. Meanwhile, UBSWarburg downgrades to "neutral" following a recent strong performance by the shares. UBS maintains its 240p target price.
MM02	2.56	2.59	-1.2%	Hold	Goldman downgrades to "in-line" from outperform. It believes there may be upside potential if 02 were to sell its German business but does not view this as imminent enough to compensate for the increasing competitive risks the company faces.
3i Group	3	3.2	-6.7%	Hold	Bridgewell upgrades stock to "overweight", believing its upside potential is ideal for those wary of the recent rally some "long-only" financial stocks have experienced
Vodafone	1.95	1.97	-1.0%	Outperform	WLBP says "outperform" ahead of results with a 140p target price. CSFB thinks the shares could rise to 130p if the euro holds against the pound. Oddo thinks earnings will be "decent" but Cazenove thinks Germany is a "notable risk" to ARPU levels.

The broker ratings are overall consensus figures derived from Multex Global Estimates reports. The EPS, EBIT and revenue estimates relate to the full-year and therefore do not necessarily correlate to the reporting period indicated. The consensus recommendation gives a numerical rating where 1=buy, 2=outperform, 3=hold, 4=Underperf. and 5=sell.

UK, US and European results this week
Result Date	Company name	Country	Results	Consensus Rec		No. Anl	EPS	Revenue
27-May	Cewe Color	D	Q1	1.67	Outperform	3	2.69	450
27-May	D. Logistics	D	Q1	3.25	Hold	5	0.05	339
27-May	DEAG Deutsche Entertainment	D	Q1	1.00	Buy	1	0.13	122
27-May	Hannover Rkversicherung	D	AGM/Q1	2.35	Outperform	24	3.11
27-May	Indus	D	FY	2.00	Outperform	2	3.26
27-May	Microlog Logistics	D	Q1	2.33	Outperform	3	1.70	357
27-May	MLP	D	Q1	3.59	Underperform	18	0.39
27-May	RM	GB	H1	3.17	Hold	6	6.20	197
27-May	Sixt	D	FY	3.00	Hold	2	0.58	2,130
27-May	Telekom Austria	AU	Q1	2.42	Outperform	12	0.20	3,957
27-May	TUI	D	Q1	3.83	Underperform	19	0.66	20,383
27-May	Umweltkontor	D	Q1	3.50	Hold/Underperform	6	0.27	264
27-May	Vodafone Group	GB	FY	1.95	Outperform	37	6.39	30,321
Wednesday
28-May	Analytik Jena	D	Interims	3.00	Hold	2	0.05	80
28-May	British Land	GB	FY	2.17	Outperform	12	21.87
28-May	Costco Wholesale Corp	US	Q3	2.52	Hold	25	1.57	42,087
28-May	De La Rue	GB	FY	3.25	Hold	4	17.78	548
28-May	Emap	GB	FY	2.76	Hold	18	48.20	962
28-May	Euromicron	D	Q1	2.00	Outperform	1	1.07	138
28-May	Gauss Interprise	D	Q1	4.00	Underperform	1	-0.34	30
28-May	Girindus	D	Q1	3.00	Hold	2	-0.47	31
28-May	GUS	GB	FY	2.41	Outperform	23	46.35	7,069
28-May	ICAP	GB	FY	1.20	Buy	5	76.50
28-May	Krispy Kreme Donuts	US	Q1	2.14	Outperform	7
28-May	LPKF Laser & Electronics	D	Q1	2.80	Hold	5	0.19	26
28-May	Nexus	D	Q1	4.00	Underperform	1		36
28-May	Northern Foods	GB	FY	3.20	Hold	15	13.90	1,405
28-May	Peacock Group	GB	FY	2.18	Outperform	11	14.70	399
28-May	Premier Farnell	GB	Q1	2.33	Outperform	6	11.39	768
28-May	Shanks Group	GB	FY	2.56	Hold	9	10.60	544
28-May	Szucker	D	FY	1.80	Outperform	10	1.48	4,406
Thursday
29-May	Big Food Group	GB	FY	3.06	Hold	16	2.14	5,180
29-May	BTG	GB	FY	2.75	Hold	4	-32.53	33
29-May	Chloride Group	GB	FY	2.86	Hold	7	1.86	141
29-May	Daily Mail & General Trust	GB	H1	2.80	Hold	11	33.00	2,011
29-May	Electrocomponents	GB	FY	2.78	Hold	9	16.28	739
29-May	Invensys	GB	FY	3.28	Hold	21	2.52	4,835
29-May	Lonmin	GB	H1	2.82	Hold	18	53.94	466
29-May	Pennon Group	GB	FY	2.77	Hold	13	47.00	408
29-May	PETsMART Inc	US	Q1	1.8	Outperform	5
29-May	Pilkington	GB	FY	2.69	Hold	16	6.14	2,598
29-May	Plasmon	GB	FY	2.00	Outperform	1	9.36	61
29-May	Securicor	GB	H1	2.00	Outperform	12	8.89	1,382
29-May	Wagon	GB	FY	2.33	Outperform	6	14.30	445
Friday
30-May	Brain Force Software	D	Q1	1.00	Buy	1	0.05	61
30-May	Fuller, Smith & Turner	GB	FY	1.80	Outperform	5	45.25	139
30-May	Splendid Medien	D	FY	5.00	Sell	1	-3.44	36
30-May	Synstar	GB	H1	2.00	Outperform	4	3.84	233
30-May	W.E.T. Automotive Systems	D	Q3	1.20	Buy	5	5.50	178

Nice Thread Inside Trader, good job!

Thanks fenthuckpb, I hope it's useful for whoever visits. This table indicates how broker recommendations for key FTSE companies have changed in the last 24 hours. It details how great the rating change has been and reasons for this change. The consensus recommendation gives a numerical rating where 1=Buy, 2=Outperform, 3=Hold, 4=Underperform and 5=Sell.

	23rd May	27th May	Change	Consensus Rating	Broker Change
Allied Domecq	2.71	2.63	3.0%	Hold	Williams de Broupgrades Allied to "buy" as it is now the preferred beverage play ahead of SABMiller
BT Group	2.68	2.59	3.4%	Hold	Many brokers amend their estimates following the telecom group's results last week. Deutsche ups sales, PBT and EPS targets, whereas Exane lowers all three. JP Morgan lowers sales but ups EPS. WLBP reiterates "buy" rating and 240p target price, heartened by the improvement in net debt position. Meanwhile, Lehman adds BT as a short to its European monthly focus list.
Hanson	2.83	2.72	3.9%	Hold	Teather & Greenwood ups its rating to "buy". Meanwhile, Smith Barney notes that Hanson has made greater provision for potential asbestos risk relative to its liabilities than peer, Saint Gobain.
Royal & Sun Alliance	3.13	3.17	-1.3%	Hold	Goldman downgrades to "in-line" from outperform following the share price rally that occurred on the back of better than expected results, believing there is lmited upside to the current value.
SABMiller	2.89	3.11	-7.6%	Hold	Lehman lowers its rating to "underweight", ABN Amro lowers to "sell" following the revelation that management expects Miller's decline to continue a further two years.
Scottish & Newcastle	2.79	2.71	2.9%	Hold	Williams de Broups rating to "buy" but HSBC still says "reduce".
Tomkins	2.82	2.76	2.1%	Hold	Deutsche upgrades to "hold" following the first quarter results and ups the target price to 192p from 155p. Meanwhile, UBSWarburg downgrades to "neutral" following a recent strong performance by the shares. UBS maintains its 240p target price.
MM02	2.56	2.59	-1.2%	Hold	Goldman downgrades to "in-line" from outperform. It believes there may be upside potential if 02 were to sell its German business but does not view this as imminent enough to compensate for the increasing competitive risks the company faces.
3i Group	3	3.2	-6.7%	Hold	Bridgewell upgrades stock to "overweight", believing its upside potential is ideal for those wary of the recent rally some "long-only" financial stocks have experienced
Vodafone	1.95	1.97	-1.0%	Outperform	WLBP says "outperform" ahead of results with a 140p target price. CSFB thinks the shares could rise to 130p if the euro holds against the pound. Oddo thinks earnings will be "decent" but Cazenove thinks Germany is a "notable risk" to ARPU levels.

Thanks for the info, best thread on the board at the moment. IMO.

UPDATE:

I have added the London Stock Exchange and a Pivot calculator to the header, feel free to access the links. For those who are not familier with Pivots:

PIVOT POINTS: Are calculated from the High (H), low (L) and close (C) of the previous day.
Unless significant market news has been made available between yesterday's close and today's opening you can expect prices to test the near term support and resistance and the pivot price.

Should, for any reason, these near term support and resistance areas fail then the second such area will likely be tested. If these support or resistance areas fail, because of market influencing news or observations, the off floor or, more particularly, intermediate term positional players will likely enter the market and make the market trend.

FORMULA:

Pivot point = P = (H + L + C)/3

1st resistance = R1 = 2P - L

2nd resistance = R2 = (P -S1) + R1

1st support = S1 = 2P - H

2nd support = S2 = P - (R1- S1)

I always use the Pivot point, Supports 1/2 and Resistance 1/2 on the stocks I trade as a guide to where the stock will move in the day. You need to use other indicators as well for example Bollingers bands combined with RSI, for oversold/overbought levels, eg, if the top BBand is hit, but the RSI is low, chances are the stock will keep on rising, etc.
When you use the Pivot calculator, input the information what it wants, eg, the stocks High (of the day) low (of the day) and what it closed at, then press 'calculate', then you will have the R2, R1, P, S1, and S2 of the next trading day.

This table indicates how broker recommendations for key FTSE companies have changed in the last 24 hours. It details how great the rating change has been and reasons for this change. The consensus recommendation gives a numerical rating where 1=Buy, 2=Outperform, 3=Hold, 4=Underperform and 5=Sell.

	27th May	28th May	Change	Consensus Rating	Broker Change
BT Group	2.59	2.65	-2.3%	Hold	SG Securities downgrades to "hold" from buy given the lack of short-term catalysts for the stock. Until interims are released in November, the broker sees no spur for share price gains.
British Airways	2.67	2.73	-2.2%	Hold	Smith Barney believes a Virgin Atlantic/BA tie-in is unlikely given regulatory and ego issues. Broker still thinks BAY is the best long-term flag carrier in the sector and retains its 170p target price.
GUS	2.35	2.26	3.8%	Outperform	Teather & Greenwood is pleased at the price GUS fetched for its home shopping business and marginally ups forecasts, although, with results imminent, further alterations are likely.
Kingfisher	2.47	2.5	-1.2%	Outperform	Exane restated its "outperform" rating ahead of results, believing the group is on track to spin-off its electricals division and create a pure play company.
Prudential	2.68	2.76	-3.0%	Hold	DKW downgrade to "reduce" from Add following the departure of Mark Tucker, CEO of Prudential Asia. Asia contributes 31% of sales and 50% of new business profits and DKW doesn't like the uncertainty.
Royal & Sun Alliance	3.17	2.96	6.6%	Hold	HSBC dramatically raises its rating to "add" from reduce believing there to be a significant improvement in underwriting and capital adequacy
Tomkins	2.76	2.71	1.8%	Hold	Lehman Bros follows the trend set by others last week and upgrades to "Equal weight".
Vodafone	1.97	1.92	2.5%	Outperform	Positive results and fiery rhetoric from Sir Christopher Ghent do the trick for Deutsche. It upgrades to "buy"
Xstrata	2.05	2.17	-5.9%	Outperform	Morgan Stanley downgrades "equal weight" due to the recent rise in coal prices an the strong performance of the A$ and the Rand
MM02	2.59	2.48	4.2%	Outperform	SG Securities upgrades to "buy" from hold, believing the downside risk is now limited and there is speculative upside on the disposal of German operations. The target price is 77p.

Good stuff, IT. Keep it going!

Agreed, some quality information there.

This thread is a real asset to this BB, well done!

Andy.

Thanks guys, I hope it helps with your trading. I am helping to Beta test AM live charting at the moment, and what I see so far is very good! ========================================================================== This table indicates how broker recommendations for key FTSE companies have changed in the last 24 hours. It details how great the rating change has been and reasons for this change. The consensus recommendation gives a numerical rating where 1=Buy, 2=Outperform, 3=Hold, 4=Underperform and 5=Sell.

	28th May	29th May	Change	Consensus Rating	Broker Change
Barclays	2.42	2.52	-4.1%	Hold	HSBC restates its "sell" rating following its quarterly Q&A session with CFO John Varley. Outlook remains difficult, retail division is struggling to grow and there will be a further pressure on margins.
British Airways	2.73	2.82	-3.3%	Hold	Merrill upgraded its bonds to neutral encouraged by the impact cost cutting is having on the bottom line. This has yet to impact the valuation metrics as other brokers retain cautious stances.
EMAP	2.78	2.72	2.2%	Hold	Numis upgrades to add, encouraged by the full-year results.
GUS	2.35	2.26	3.8%	Outperform	Positive broker reaction to both the results and the divestment of the home shopping business prompts Seymour Pierce, among others, to restate its Buy rating.
ICI	2.47	2.53	-2.4%	Hold	CSFB downgrades to underperform and lowers target price to 100p from 110p. It is dismayed by new management's apparent commitment to the old strategy and believes the discount, relative to ICI's peer group, should be reinstated.
Kingfisher	2.47	2.5	-1.2%	Outperform	Exane restated its "outperform" rating ahead of results, believing the group is on track to spin-off its electricals division and create a pure play company.
Lloyds TSB	2.73	2.73	0.0%	Hold	ABN Amro ups the target price to 525p and Goldman restates its outperform rating following the recent share price slide and signs of a turnaround in the business
Pearson	2.8	2.76	1.4%	Hold	Investec upgrades Pearson to a "buy" believing that its share price has lagged a rising media sector leaving it looking relatively attractive
Rentokil Initial	2.53	2.58	-2.0%	Hold	UBS Warburg downgrades to neutral bearing in mind the group's lower underlying growth and its cautious stance on the medium term outlook.
Vodafone	1.97	1.92	2.5%	Outperform	Positive results and fiery rhetoric from Sir Christopher Ghent do the trick for Deutsche. It upgrades to "buy"

The consensus recommendation gives a numerical rating where 1=buy, 2=outperform, 3=hold, 4=Underperf. and 5=sell.

UK, US and European results this week
Result Date	Company name	Country	Results	Consensus Rec		No. Anl	EPS	Revenue
27-May	Cewe Color	D	Q1	1.67	Outperform	3	2.69	450
27-May	D. Logistics	D	Q1	3.25	Hold	5	0.05	339
27-May	DEAG Deutsche Entertainment	D	Q1	1.00	Buy	1	0.13	122
27-May	Hannover Rkversicherung	D	AGM/Q1	2.35	Outperform	24	3.11
27-May	Indus	D	FY	2.00	Outperform	2	3.26
27-May	Microlog Logistics	D	Q1	2.33	Outperform	3	1.70	357
27-May	MLP	D	Q1	3.59	Underperform	18	0.39
27-May	RM	GB	H1	3.17	Hold	6	6.20	197
27-May	Sixt	D	FY	3.00	Hold	2	0.58	2,130
27-May	Telekom Austria	AU	Q1	2.42	Outperform	12	0.20	3,957
27-May	TUI	D	Q1	3.83	Underperform	19	0.66	20,383
27-May	Umweltkontor	D	Q1	3.50	Hold/Underperform	6	0.27	264
27-May	Vodafone Group	GB	FY	1.95	Outperform	37	6.39	30,321
Wednesday
28-May	Analytik Jena	D	Interims	3.00	Hold	2	0.05	80
28-May	British Land	GB	FY	2.17	Outperform	12	21.87
28-May	Costco Wholesale Corp	US	Q3	2.52	Hold	25	1.57	42,087
28-May	De La Rue	GB	FY	3.25	Hold	4	17.78	548
28-May	Emap	GB	FY	2.76	Hold	18	48.20	962
28-May	Euromicron	D	Q1	2.00	Outperform	1	1.07	138
28-May	Gauss Interprise	D	Q1	4.00	Underperform	1	-0.34	30
28-May	Girindus	D	Q1	3.00	Hold	2	-0.47	31
28-May	GUS	GB	FY	2.41	Outperform	23	46.35	7,069
28-May	ICAP	GB	FY	1.20	Buy	5	76.50
28-May	Krispy Kreme Donuts	US	Q1	2.14	Outperform	7
28-May	LPKF Laser & Electronics	D	Q1	2.80	Hold	5	0.19	26
28-May	Nexus	D	Q1	4.00	Underperform	1		36
28-May	Northern Foods	GB	FY	3.20	Hold	15	13.90	1,405
28-May	Peacock Group	GB	FY	2.18	Outperform	11	14.70	399
28-May	Premier Farnell	GB	Q1	2.33	Outperform	6	11.39	768
28-May	Shanks Group	GB	FY	2.56	Hold	9	10.60	544
28-May	Szucker	D	FY	1.80	Outperform	10	1.48	4,406
Thursday
29-May	Big Food Group	GB	FY	3.06	Hold	16	2.14	5,180
29-May	BTG	GB	FY	2.75	Hold	4	-32.53	33
29-May	Chloride Group	GB	FY	2.86	Hold	7	1.86	141
29-May	Daily Mail & General Trust	GB	H1	2.80	Hold	11	33.00	2,011
29-May	Electrocomponents	GB	FY	2.78	Hold	9	16.28	739
29-May	Invensys	GB	FY	3.28	Hold	21	2.52	4,835
29-May	Lonmin	GB	H1	2.82	Hold	18	53.94	466
29-May	Pennon Group	GB	FY	2.77	Hold	13	47.00	408
29-May	PETsMART Inc	US	Q1	1.8	Outperform	5
29-May	Pilkington	GB	FY	2.69	Hold	16	6.14	2,598
29-May	Plasmon	GB	FY	2.00	Outperform	1	9.36	61
29-May	Securicor	GB	H1	2.00	Outperform	12	8.89	1,382
29-May	Wagon	GB	FY	2.33	Outperform	6	14.30	445
Friday
30-May	Brain Force Software	D	Q1	1.00	Buy	1	0.05	61
30-May	Fuller, Smith & Turner	GB	FY	1.80	Outperform	5	45.25	139
30-May	Splendid Medien	D	FY	5.00	Sell	1	-3.44	36
30-May	Synstar	GB	H1	2.00	Outperform	4	3.84	233
30-May	W.E.T. Automotive Systems	D	Q3	1.20	Buy	5	5.50	178

The broker ratings are overall consensus figures derived from Multex Global Estimates reports. The EPS, EBIT and revenue estimates relate to the full-year and therefore do not necessarily correlate to the reporting period indicated. The consensus recommendation gives a numerical rating where 1=buy, 2=outperform, 3=hold, 4=Underperf. and 5=sell.

UK, US and European results this week
Result Date	Company name	Country	Results	Consensus Rec		No. Anl	EPS	Revenue
Monday
16.Jun	Majestic Wine	GB	Prel. FY	1.20	Buy	5	34.00	125
Tuesay
17.Jun	Amadeus AG	D	FY	1.00	Buy	1	0.25	59
17.Jun	Chattem Inc	US	H1	2.25	Outperform	4	1.15	244
17.Jun	Danisco	DK	FY	2.47	Outperform	16	25.70	16,885
17.Jun	Norstan Inc	US	FY	2.00	Outperform	1	0.05	225
17.Jun	Progress software	US	H1	2.33	Outperform	3	0.68	306
17.Jun	Vermont Pure Holdings	US	H1	1.50	Buy/Outperform	2	0.17	75
Wednesday
18.Jun	Babcock International	GB	AGM	2.60	Hold	5	8.62	397
18.Jun	Bear Stearns Companies Inc	US	H1	2.55	Hold	11	6.55	5,351
18.Jun	Bouygues	F	Q1	2.56	Hold	18	1.37	21,502
18.Jun	Halma	GB	Prel. FY	3.00	Hold	5	8.60	271
18.Jun	Hennes & Mauritz	S	H1	2.13	Outperform	26	8.08	52,101
18.Jun	iSoft Group	GB	FY	2.33	Outperform	9	13.45	90
18.Jun	Worthington Industries	US	FY	2.43	Outperform	7	0.94	2,205
Thursday
19.Jun	AEA Technology	GB	FY	1.00	Buy	2	-12.10	260
19.Jun	Carlo Gavazzi	CH	FY	6.00	N/A	1	-4.85	204
19.Jun	KB Home	US	H1	2.80	Hold	10	8.05	5,608
19.Jun	Lehman Brothers	US	H1	2.50	Outperform/Hold	16	4.39	6,715
19.Jun	McCormick & Co	US	H1	2.46	Outperform	13	1.45	2,479
19.Jun	Morgan Stanley	US	H1	2.83	Hold	18	3.13	20,363
19.Jun	Saba Software	US	FY	2.67	Hold	3	-0.88	44
19.Jun	Tibco Software	US	H1	2.64	Hold	11	0.06	260
Friday
20.Jun	Cardiodynamics Intl Corp	US	H1	2.50	Outperform/Hold	2	0.06	31
20.Jun	Tektronix Inc	US	FY	2.77	Hold	13	0.50	793

Thanks Insider trader

The broker ratings are overall consensus figures derived from Multex Global Estimates reports. The EPS, EBIT and revenue estimates relate to the full-year and therefore do not necessarily correlate to the reporting period indicated. The consensus recommendation gives a numerical rating where 1=buy, 2=outperform, 3=hold, 4=Underperf. and 5=sell.

UK, US and European results this week
Result Date	Company name	Country	Results	Consensus Rec		No. Anl	EPS	Revenue
Tuesday
24.Jun	FedEx Corporation	US	FY	2.33	Outperform	18	2.71	22,409
24.Jun	Goldshield	GB	Prel. FY	3.00	Hold	2	37.79	108
24.Jun	Omnova Solutins	US	H1	2.00	Outperform	2	-0.09	694
24.Jun	Palm Inc	US	FY	2.90	Hold	10	-2.92	834
24.Jun	Paychex Inc	US	FY	2.83	Hold	24	0.78	1,101
24.Jun	Verity Inc	US	FY	2.50	Outperform	6	0.38	104
24.Jun	Workspace	GB	FY	1.86	Outperform	7	55.45
Wednesday
25.Jun	3Com Corporation	US	FY	3.11	Hold	9	-0.18	1,012
25.Jun	General Mills	US	FY	2.06	Outperform	17	2.63	10,423
25.Jun	Goldman Sachs Group	US	H1	2.47	Outperform	15	4.74	15,120
25.Jun	Hornbach Holding	DE	FY	3.00	Hold	3	2.12	1,705
25.Jun	Stagecoach	GB	Prel. FY	2.85	Hold	13	6.00	2,080
25.Jun	Stratos Lightwave	US	FY	4.00	Underperform	2	-2.92	42
25.Jun	The WD-40 Company	US	Q3	2.00	Outperform	3	1.61	235
25.Jun	Tribal	GB	Prel. FY	2.00	Outperform	6	17.72	101
25.Jun	Xansa	GB	FY	3.71	Underperform	14	4.55	464
Thursday
26.Jun	Berkeley Group	GB	Prel. FY	2.63	Hold	16	114.53	1,126
26.Jun	Clruyt	BE	FY	2.50	Outperform/Hold	15	3.50	3,168
26.Jun	Del-Monte Foods	US	FY	2.40	Outperform	5	0.84	3,168
26.Jun	Dixons	GB	FY	2.72	Hold	29	11.40	5,666
26.Jun	DS Smith	GB	Prel. FY	2.00	Outperform	6	17.41	1,483
26.Jun	Gerry Weber	DE	FY	3.60	Underperform	5	0.62	360
26.Jun	Gesco AG	DE	APC	1.00	Buy	1	-1.30	153
26.Jun	Lawson Software	US	FY	2.67	Hold	3	0.01	333
26.Jun	Nike Inc	US	FY	1.86	Outperform	14	2.78	10,573
26.Jun	Reliance Security	GB	FY	1.50	Buy/Outperform	5	40.00	267
Friday
27.Jun	Chemring	GB	H1	2.22	Outperform	10	29.49	122
27.Jun	First Technology	GB	Prel. FY	2.42	Outperform	12	26.20	128
27.Jun	Lone Star Steakhouse	US	H1	1.00	Buy	3	1.42	605
27.Jun	McCormick & Co	US	H1	2.46	Outperform	13	1.45	2,479
27.Jun	Sibir Energy	GB	FY	2.00	Outperform	1	-0.80	17
27.Jun	Tops Estate	GB	Prel. FY	3.00	Hold	2	10.86

The consensus recommendation gives a numerical rating where 1=buy, 2=outperform, 3=hold, 4=Underperf. and 5=sell.

UK, US and European results this week
Result Date	Company name	Country	Results	Consensus Rec		No. Anl	EPS	Revenue
Monday
30.Jun	Aetna Inc	US	H1	2.41	Outperform	17	4.52	17,988
30.Jun	Artesian Resources	US	H1	1.67	Outperform	3	1.84
30.Jun	Berkeley Berry	GB	Prel. FY	3.50	Hold/Underperform	2	-5.40
30.Jun	Captaris	US	H1	3.00	Hold	2	0.05	94
30.Jun	Hartest	GB	Prel. FY	3.00	Hold	1	0.49
30.Jun	Intertainment AG	D	FY	2.00	Outperform	1	-0.49	19
30.Jun	Mediware Information Systems	US	FY	2.00	Outperform	2	0.52	33
30.Jun	PC-Ware	D	FY	1.00	Buy	1	0.72	451
Tuesday
01.Jul	Beale	GB	Int.	3.50	Hold/Underperform	2	8.70	101
01.Jul	Carpetright	GB	Prel. FY	3.14	Hold	7	50.50	441
01.Jul	HMV Group	GB	Prel. FY	2.00	Outperform	14	15.89	1,712
01.Jul	Honeycombe	GB	Prel. FY	2.00	Outperform	2	6.14	34
01.Jul	Merix Corp	US	FY	2.83	Hold	6	-0.86	94
01.Jul	Scottish & Newcastle	GB	Prel. FY	2.80	Hold	27	41.20	4,616
01.Jul	Stonemartin	GB	FY	3.00	Hold	1	-2.69	5
Wednesday
02.Jul	Audiovox Corporation	US	H1	1.00	Buy	1	0.38	1,246
02.Jul	Biomet	US	FY	2.35	Outperform	20	1.09	1,387
02.Jul	Greene King	GB	Prel. FY	2.07	Outperform	14	70.00	538
02.Jul	Heidelberger Druckmaschinen	D	FY	3.27	Hold	23	0.64	3,991
02.Jul	Northgate	GB	FY	1.56	Outperform	9	40.93	320
02.Jul	Somerfield	GB	FY	2.64	Hold	14	4.95	4,683
02.Jul	Stolt Offshore	US	H1	3.00	Hold	6	-0.97	1,625
02.Jul	Vega Group	GB	FY	2.00	Outperform	1	5.90	34
Thursday
03.Jul	Heiton Group	IL	Prel. FY	2.33	Outperform	4	0.43	463
03.Jul	Online Travel	GB	Prel. FY	1.00	Buy	1	1.20

The Dow has formed a nice range, with clear boundaries to trade tomorrow. We will watch 9,260 up and 9,160 down.

Short Term Dow

Short term, the Dow is sitting at the lower trend line of the channel formed in the 60 Minute Chart at 9,200. Watch for a downside break at that trend line to indicate direction at the Open.

Medium Term Dow

In the medium term, we entered the market Short today at 9,180, but were stopped out with a 10 point loss. We are now out of the market, and will watch 9,160 down and 9,260 up, with 10 point stops.

NASDAQ & S&P

The NASDAQ continued to trend higher today within its sloping channel, and the S&P formed a range within its channel. We will be watching the boundaries tomorrow. *

Summary

The Dow traded sideways today, forming a range at the highs, which has given us clear levels to trade tomorrow. We are out of the market and will be watching 9,160 down and 9,260 up for tomorrow.

Insider Trader - You're up early!

Yep! Hope your trading is going well.