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StreetInsider.com Trading Radar: Before Market Opens: Economics: 8:30 AM ET

• Personal Income for July - Street expects down 0.2%, compared to up 0.1% in June
• Personal Spending for July - Street expects up 0.2%, compared to up 0.6% in June

Intraday or Not Specified: Economics: 9:45 AM ET

• Chicago PMI for August - Street expects 50, compared to 50.8 in July

10 AM ET

• University of Michigan Sentiment Index for August - Street expects 62, compared to 61.7 in July

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StreetInsider.com Unusual 11 Mid-Day Movers: Freddie Mac (NYSE: FRE) 24.9% HIGHER; shares of Fannie are being bid up today as there is a growing opposition to the view that the common stock will be worthless.

As traders seem to be believing that a bailout is less likely, nervous shorts may be covering their downside bets this morning, creating upside.

SiRF Technology Holdings, Inc. (Nasdaq: SIRF) 19.1% LOWER; Broadcom Corporation (Nasdaq: BRCM) announced that an Administrative Law Judge has recommended that the U.S.

StreetInsider.com Trading Radar: Before Market Opens: Earnings: AnnTaylor Stores (NYSE: ANN) - consensus EPS $0.48, revs $622.09M Perry Ellis (Nasdaq: PERY) - consensus loss of $0.02, revs $197.86M Intraday or Not Specified: Earnings: China Sunergy (Nasdaq: CSUN) - consensus EPS $0.03, revs $94.74M Subscribe to EasyStockAlerts and get real-time e-mail alerts when news hits your stocks!

StreetInsider.com Pre-Open Movers: JDS Uniphase (Nasdaq: JDSU) 13.5% LOWER; reports Q4 EPS of $0.07, 3 cents lower than the analyst estimate of $0.10.

Revenues for the quarter were $390.3 million, versus the consensus of $395.83 million. Sees Q1 sales in the range of $378-$394 million, versus the consensus of $399.50 million. salesforce.com (NYSE: CRM) 10.6% LOWER; reports Q2 EPS of $0.08, cents better than the analyst estimate of $0.08.

Revenues for the quarter were $263.1 million, versus the consensus of $260.56 million.

StreetInsider.com After-Hours Movers:

Verifone (NYSE: PAY) 33% HIGHER; sees Q4 EPS of $0.36 to $0.39, versus the analyst estimate of $0.21.

Sees revenues for the quarter were $260 million to $268 million, versus the consensus of $229.6 million. VeriFone Holdings sees FY09 EPS of $1.35-$1.55 versus analyst consensus of $1.01.

For the full year ending Oct 31, 2009, VeriFone expects to achieve net revenue growth of 10 to 15% annual growth, consistent with its long-term growth targets.

StreetInsider.com After-Hours Movers:

NYMEX Holdings, Inc. (NYSE: NMX) 1.8% HIGHER; CME Group and NYMEX Holdings, Inc.

(NYSE: NMX) announced that preliminary results indicate the shareholders of both companies have approved the proposed merger.

Fannie Mae (NYSE: FNM) 1% HIGHER; Recovers a bit after falling 22% intra-day on fears the common shareholders will be wiped out.

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StreetInsider.com Unusual 11 Mid-Day Movers: Mentor Graphics Corporation (NASDAQ: MENT) 19.3% LOWER; Cadence Design Systems, Inc.

(NASDAQ: CDNS) this morning announced that it has withdrawn its proposal to acquire all of the outstanding shares of Mentor Graphics common stock.

SunPower (Nasdaq: SPWR) 18.2% HIGHER; PG&E (NYSE: PCG) today announced that it has entered into several agreements to bring 800 MW of renewable energy to California.

StreetInsider.com Trading Radar: Before Market Opens: Economics: 8:30 AM ET

• NY Empire State Index for August - Street expects down 5.0

9 AM ET

• Net Foreign Purchases for June - Street expects $57.5B, compared to $67B in May

9:15 AM ET

• Capacity Utilization for July - Street expects 79.8%
• Industrial Production for July - Street expects 0.0%, compared to 0.5% in June

Earnings: JCPenney (NYSE: JCP) - consensus EPS $0.05, revs $4.28B Abercrombie & Fitch (NYSE: ANF) - consensus EPS $0.87, revs $852.73M New York & Company (NYSE

StreetInsider.com Notable Mergers and Acquisitions of the Day:

• CVS Caremark Corporation (NYSE: CVS) and Longs Drug Stores Corporation (NYSE: LDG) entered into a definitive agreement under which CVS Caremark will acquire Longs for $71.50 per share in cash for a total purchase price of $2.9 billion including the assumption of net debt.

StreetInsider.com Pre-Open Movers:

Tween Brands (NYSE: TWB) 33% LOWER; reports a Q1 loss of $0.27, versus the analyst estimate of ($0.01).

Revenues for the quarter were $223.1 million, versus the consensus of $245.11 million. Sees 2H08 EPS in the range of $0.35-$0.65. 2H sales are expected to be in the range of $577-$592 million.

Same store sales for the quarter are expected to be down 6-9%. Also, Tween announced that it will convert approximately 560 Limited Too stores across the country to its more value-oriented Justice brand to drive growth and profitability.