• Boeing (NYSE:BA) shares rose 2.8% Monday on reports of a WestJet order for fourteen 737-700 airliners; the company also received a $1.155 billion Department of Defense contract for the C-17 Globemaster III
• Staples (NASDAQ:SPLS) reported inline second quarter earnings of 16 cents a share versus 21 cents a share a year ago, on sales of $5.53 billion versus $5.07 billion
• Big Lots (NYSE:BIG) reported second quarter earnings of 35 cents a share, 4 cents higher than Zacks estimates, versus 32 cents a year ago, on sales of $1.09 billion versus $1.11 billion. The firm raised its 2009 guidance to $1.92 to $2.02 a share from $1.85 to $1.95 a share
• JP Morgan (NYSE:JPM) analysts downgraded mining stocks on valuation concerns, saying the shares appear less attractive after their 75% run-up since December 3. Meanwhile, telecom shares were upgraded as more attractive based upon their 50% relative discount on a price to earnings basis
• Medtronic (NYSE:MDT) reported first quarter adjusted earnings of 79 cents a share on revenues of $3.9 billion, up from Zacks estimates of $3.82 billion
• Burger King (NYSE:BKC) reported adjusted fourth quarter earnings of 43 cents a share, 10 cents ahead of Zacks projections, as revenues missed estimates of $638 million, coming in at $629.9 million. Comparable sales fell 2.4%
