Week in Review: March 8-12, 2010

Share
                                  % Change
                        ------------------------------
Index          Close          Week          YTD
------------------------------------------------------
DJIA           10624.69       0.55%
        1.89%
S&P 500        1149.99        0.99%          3.13%
NASDAQ         2367.66        1.78%          4.34%

-Royal Dutch Shell (NYSE:RDS.A) and PetroChina (NYSE: PTR) made a joint offer of $3 billion to acquire Australia-based Arrow Energy, excluding its overseas assets

-Kraft (NYSE: KFT) faces UK probe over misled investors during its takeover of Cadbury

-AIG (NYSE: AIG) reaches an agreement to sell its Allico unit to Metlife (NYSE: MET) for $15.5 billion

-Toyota (NYSE: TM) protests a "staged" ABC News (NYSE: DIS) report

-Northrop Grumman (NYSE: NOC) drops its bid for a multi-billion dollar US Air Force aerial tanker contract, saying the Defense Department favors Boeing (NYSE: BA)

-Abbott Labs (NYSE: ABT) agrees to buy Facet Biotech (NASDAQ: FACT) for $27/share in cash or $450 million

-Federal officials announce they may unload its 27% stake in Citigroup (NYSE: C) over the next year

-Bain Capital in talks to buy Psychiatric Solutions (NASDAQ: PSYS)

-Citigroup's (NYSE: C) Pandit forecasts upbeat future with heavy profits in emerging markets; Apollo Management signs prelim deal to buy Citi's property investment unit for around $12.5 billion

-US Congressional Oversight Panel warns the US faces billions in losses on its GMAC investment because the treasury has no exit strategy

-BP (NYSE: BP) pays $7 billion for a group of Devon Energy's (NYSE: DVN) Brazil assets

-Terra Industries (NYSE: TRA) and CF Industries (NYSE: CF) agree to combine creating an industry leader

The Week Ahead: March 15-20, 2010

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-Earnings Calendar:

-Mon:TheStreet.com (NASDAQ: TSCM)

-Tues: Amback Financial Group (NYSE: ABK), Deutsche Bank (NYSE: DB), Discovery Financial Services (NYSE: DFS)

-Wed: Guess (NYSE: GES), Nike (NYSE: NKE)

-Thurs: Cintas Corporation (NASDAQ: CTAS), FedEx (NYSE: FDX), Gamestop (NYSE: GME), Ross Stores (NASDAQ: ROST)

-Fri:N/A

-Economic Data: Empire State Survey Mar, Industrial Production Feb, Housing Market Index Mar, Housing Starts Feb, Imports and Exports Feb, FOMC announcement, Producer Price Index Feb, Consumer Price Index Feb, Jobless Claims

-FedSpeak: Dallas Fed President Richard Fisher (Wed), Federal Reserve Gov. Elizabeth Duke (Thurs), Federal Reserve Bank presidents of Kansas City, Thomas Hoenig; Richmond, Jeffrey Lacker; and Cleveland, Sandra Pianalto (Thurs)

By Chip Brian, Editor-in-Chief

Ticker      Trend       Trend Date    Trend Price   Last Price    Return
----------------------------------------------------------------------------
MET         Uptrend     01/08/2010    $37.86        $42.11        11.23%
NOC         Uptrend     02/24/2010    $58.63        $64.00        9.16%
BA          Uptrend     11/23/2009    $52.66        $69.83        32.61%
TSCM        Uptrend     01/26/2010    $3.03         $3.67         21.12%

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