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Pre Market Movers
Top Gaining Stocks
Price %Change
DRL Doral Financial C... 7.36 18.33%
MNOV Medicinova Inc 2.87 15.73%
VNET 21vianet Group In... 24.20 10.60%
MNDL Mandalay Digital ... 5.39 8.23%
EXTR Extreme Networks ... 5.60 8.11%
BDBD Boulder Brands In... 15.40 7.54%
CAMT Camtek Ltd. 4.20 6.87%
SUPN Supernus Pharmace... 8.95 6.17%
SUNE Sunedison 22.00 5.57%
LE Lands\' End Inc. ... 35.00 4.98%
RADA Rada Electronics ... 4.30 4.88%
PANW Palo Alto Network... 93.60 4.84%
ARTX Arotech Corporati... 3.99 4.72%
NDLS Noodles & Company... 18.51 4.34%
JNPR Juniper Networks ... 24.15 3.43%
IMPV Imperva Inc 32.06 3.29%
GASL Direxion Daily Na... 33.90 2.82%
TWTR Twitter Inc 51.92 2.59%
HK Halcon Resources ... 5.04 2.44%
SSLT Sesa Sterlite Lim... 18.56 2.43%
Top Losing Stocks
Price %Change
AU Anglogold Ashanti... 13.98 -9.75%
GTAT GT Advanced Techn... 13.61 -8.90%
AHH Armada Hoffler Pr... 9.10 -5.70%
WBAI 500 Com Ltd. Adr ... 33.99 -5.43%
YINN Direxion Daily Ft... 36.00 -4.51%
ANET Arista Networks I... 81.90 -2.82%
AVP Avon Products Inc... 12.80 -2.81%
MBLY Mobileye NV Amste... 55.10 -2.65%
VRA Vera Bradley Inc.... 22.50 -2.51%
URBN Urban Outfitters ... 38.00 -2.29%
EDC Direxion Daily Em... 33.00 -2.25%
AVB Avalonbay Communi... 152.38 -2.21%
NUGT Direxion Daily Go... 34.55 -2.10%
JKS Jinkosolar Holdin... 31.20 -1.92%
FXI ishares Ftse/xinh... 41.20 -1.88%
SCOK Sinocoking Coal a... 6.98 -1.55%
TI Telecom Italia S.... 11.67 -1.44%
DANG E-commerce China ... 13.20 -1.42%
SAVE Spirit Airlines I... 70.90 -1.36%
BYD Boyd Gaming Corp.... 11.25 -1.32%
Read more at http://thestockmarketwatch.com/markets/pre-market/#qd8QjFG70LZpxxDd.99
data:
MBA Purchase Applications
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futures -10
good morning
Frontrunning:
Showtime for Apple: Big phones, smart watches and high expectations (Reuters)
Bank of England Gov. Mark Carney Signals Spring Rate Rise (WSJ)
Quebec Shows Scots Question Returns Even If Answer Is No (BBG)
Hush money with a 9 year vesting period: Ex-SAC Fund Manager Martoma Sentenced to Nine Years in Prison (BBG)
Dreams on hold, Brazil's 'new middle class' turns on Rousseff (Reuters)
Fed to Hit Biggest U.S. Banks With Tougher Capital Surcharge (WSJ)
Egypt court sentences Brotherhood leader, cleric to 20 years in jail (Reuters)
Princeton Leads U.S. News List as Dartmouth Drops From Top 10 (BBG)
Iraq's Shi'ite militia, Kurds use U.S. air strikes to further own agendas (Reuters)
Jimmy Choo Said Near IPO to Value Shoemaker at $1 Billion (BBG)
Ferguson to reform police, courts after shooting and protests (Reuters)
U.N. Security Council plans to suppress foreign extremist fighters (Reuters)
Overnight Media Digest
WSJ
* The Federal Reserve plans to hit the biggest U.S. banks with a costly new requirement aimed at reducing the risk that some financial firms remain "too big to fail" nearly six years after the financial crisis erupted. (http://on.wsj.com/Zfj4OJ)
* European governments approved a new round of economic sanctions against Russia, but the measures won't enter into force for several days to see whether negotiations over the fate of war-torn eastern Ukraine show progress. Some nations, led by Finland, wanted to hold back on implementing the new sanctions while talks are under way, after last week's cease-fire between Kiev, Moscow and pro-Russia rebels. (http://on.wsj.com/1lOU8aO)
* The Secretary of the Department of Veterans Affairs broadly outlined his short-term plan for improving the organization and rehabilitating its image, but included few specific details. (http://on.wsj.com/1w8CXog)
* After three years of closely guarding his strategy for Apple Inc, Chief Executive Tim Cook will show his hand Tuesday, with an ambitious blitz of new products and services that aim to resolve questions about the company's ability to innovate. (http://on.wsj.com/1pJSq5Q)
* General Electric Co's deal to sell its appliance business to Electrolux AB is part of a shift driven by Jeff Immelt to focus the conglomerate on finance and industrial equipment. (http://on.wsj.com/YrP1mZ)
* Home Depot Inc confirmed on Monday that its payment systems were breached at its U.S. and Canadian stores in a security breach that may have stretched back to April. (http://on.wsj.com/1qBeftb)
* BGC Partners Inc is expected to make an unsolicited $675 million all-cash offer for rival GFI Group Inc according to people familiar with the matter. The takeover would bolster BGC, the second-largest broker by market capitalization, at a time of soft trading revenues and often-placid markets. (http://on.wsj.com/1lOHybM)
* The Federal Trade Commission on Monday sued AbbVie Inc and other drug companies over allegations they unlawfully sought to delay generic competition for AbbVie's blockbuster testosterone-replacement drug AndroGel. (http://on.wsj.com/YrPIwx)
* General Mills Inc agreed to buy Annie's Inc for $820 million, betting that a bigger presence in the natural-and-organic foods aisles will energize a business sapped by flagging consumption of breakfast cereals and other traditional fare. (http://on.wsj.com/1qBeQLq)
* The chief executive of Hertz Global Holdings Inc stepped down over the weekend amid disappointing results and accounting problems that had drawn outcries from activist investor Carl Icahn and other shareholders. (http://on.wsj.com/1nHlR9a)
* Brazil's state-run oil company Petroleo Brasileiro SA said it has requested access to the testimony of a jailed former Petrobras executive who has made allegations of a massive kickback scheme at the company. (http://on.wsj.com/1tGbZTY)
FT
Google Inc's third version of antitrust deal was rejected again by the European Union on Monday. The failure of this four-year probe deals a heavy blow to the commission's credibility in its highest profile antitrust case since Microsoft Corp.
Amazon.com Inc plans to launch its Fire mobile phone in the UK and Germany this month. The company also cut the price of Fire in the United States to 99 cents from $199.
European Union ambassadors approved new sanctions against Russia on Monday night that are expected to target the country's energy companies.
The United Kingdom's biggest apparel retailer Primark said it plans to open 10 stores in the U.S. by 2016. The company plans to focus from Baltimore to Boston stretch.
Ryanair Holdings Plc said on Monday it will buy at least 100 Boeing Co's next-generation short-haul aircraft for $11 billion. These aircraft have a capacity to seat up to 200 people. (
NYT
* European regulators on Monday pushed Google Inc to give up more in an antitrust settlement - demanding that the company make additional changes to its secret sauce, the search algorithm. (http://nyti.ms/1utAxNW)
* Mathew Martoma, the former portfolio manager for SAC Capital Advisors, was on Monday sentenced to nine years in prison for carrying out one of the biggest insider trading schemes on record. (http://nyti.ms/1lSdoV9)
* Home Depot Inc confirmed on Monday that hackers had broken into its in-store payments systems, in what could be the largest known breach of a retail company's computer network. The retailer said the exact number of customers affected was still not clear. But a person briefed on the investigation said the total number of credit card numbers stolen at Home Depot could top 60 million. (http://nyti.ms/1ugMjfF)
* Alibaba Group Holding Ltd's <IPO-BABA.N> co-founder and executive chairman Jack Ma on Monday spoke to a crowd of more than 800 potential investors as part of a global roadshow for the Chinese e-commerce giant, which is seeking to raise more than $21 billion in its initial public offering, a stock sale that could break size records. (http://nyti.ms/ZfiC31)
* Two of the biggest names in home appliances are joining forces after General Electric Co agreed on Monday to sell its century-old appliance division to Electrolux of Sweden for $3.3 billion in cash. The deal will combine Electrolux's Frigidaire, one of the best-known brands of refrigerators, with G.E.'s stable of products, including its Monogram line of luxury appliances. (http://nyti.ms/1p0WY7Q)
* Twitter Inc announced on Monday that it would begin publicly testing a "buy" button that can be embedded in posts to allow users to buy a product with a couple of clicks. (http://nyti.ms/1oYDbFZ)
* The U.S. Federal Reserve, mindful that some banks are still so big that their failure could weigh on the wider economy, said on Monday that it planned to increase the pressure on large financial firms to shrink. (http://nyti.ms/1pJRiz8)
Canada
THE GLOBE AND MAIL
** Encana Corp has sold the rest of its stake in PrairieSky Royalty Ltd, adding a hefty equity offering to an already hot deal market. Encana will raise C$2.6 billion ($2.37 billion) when the deal closes around Sept. 26, the natural gas company said on Monday. (http://bit.ly/1tGPxdo)
** The Canadian government will defend ordering special forces soldiers to Iraq on both moral and pragmatic grounds, arguing that Canadians are obliged to help stop a savage militant group whose self-proclaimed caliphate risks becoming a training ground for terrorists who could attack Canada and other Western countries. (http://bit.ly/1wardBR)
** A special prosecutor tasked with investigating a controversial campaign to woo ethnic voters to the British Columbia Liberal Party has approved Elections Act charges - though the allegations relate to a 2012 by-election and the full investigation of the ethnic outreach program won't be complete until next year. (http://bit.ly/1on52Aa)
NATIONAL POST
** The Canada Mortgage and Housing Corp is looking at a new formula to push some of its losses on to financial institutions, essentially forcing them to pay a deductible on mortgages insured with the Crown corporation before claims are paid, according to sources. (http://bit.ly/1s67MqN)
** A family of white South Africans - who sought refugee protection in Canada, claiming fear of rape and violence against whites by the black majority in their homeland - have won the Canadian Federal Court's support to continue their asylum claim. (http://bit.ly/1pKBKLp)
China
SHANGHAI SECURITIES NEWS
- The Shenzhen Stock Exchange will start on Tuesday mock trading of stock options that will involve six instruments and 19 brokerages in a pilot scheme.
CHINA SECURITIES JOURNAL
- China's new energy vehicle industry should brace itself for all-round competition by 2020, when government subsidies to electric vehicle makers will be phased out, said Wan Gang, head of China's Ministry of Science and Technology.
SHANGHAI DAILY
- Some Shanghai outlets removed products from Taiwan suspected of containing tainted oil on Sunday, after police on the island broke a recycled cooking oil ring selling used kitchen oil and grease from leather processing plants.
CHINA DAILY
- China's anti-graft watchdog said there were 28 cases of corrupt practices involving holiday gifts over the festive period. In a weekly report posted Monday for Sept. 1 to 7, the commission listed a total of 177 total cases of rules violations.
Britain
The Times
FLIGHTS FACE CHAOS AS RUSSIA RETALIATES AGAINST SANCTIONS
Russia threatened to close its airspace to European passenger airlines yesterday in response to tougher sanctions intended to punish it for its recent actions in Ukraine. (thetim.es/1rwNG4R)
EU REJECTS GOOGLE'S LATEST OFFER IN COMPETITION ROW
Google Inc's latest attempt to settle a European investigation into alleged anti-competitive behaviour has failed, reopening the possibility that the Internet search company could face huge fines. The company has been ordered to make more concessions in order to reach a deal with regulators. (thetim.es/1pJ64pJ)
The Guardian
DUCHESS OF CAMBRIDGE AND PRINCE WILLIAM EXPECTING SECOND CHILD
Prince William and the Duchess of Cambridge are expecting their second child, the royal family said on Monday. The announcement was made from Clarence House on Twitter. (bit.ly/WxvyiH)
PRIMARK TO LAUNCH 200 MLN STG BID TO CRACK U.S. CLOTHING MARKET
Fashion retailer Primark is to plough 200 million stg ($321.82 million) into a bid to crack the notoriously difficult U.S. market as it looks to succeed where some of Britain's biggest high street names including Tesco, Marks & Spencer and Sainsbury's have failed. (bit.ly/Zf6O0w)
The Telegraph
SCOTTISH INDEPENDENCE: THE QUEEN IS URGED TO INTERVENE
David Cameron is under growing pressure to ask the queen to speak out in support of the union as another opinion poll confirms a surge in support for Scottish independence. Senior MPs have suggested an intervention from Her Majesty could "make all the difference" as a TNS poll shows the Yes and No campaigns running neck and neck. (bit.ly/Zf77sr)
BRITAIN FACES STORM AS GIANT GLOBAL INVESTORS AWAKEN TO BREAK-UP DANGERS
Japan's biggest bank, Nomura Holdings Inc, has advised clients to slash financial exposure to the United Kingdom and brace for a possible collapse of the pound after polls showed the independence campaign running neck and neck, warning that the separation of England and Scotland after more than 300 years would be a "cataclysmic shock." (bit.ly/1qB2naG)
Sky News
EX-RBS EXEC TO RUN MORTGAGE GROUP KENSINGTON
A former head of one of Britain's emerging "challenger banks" is to take the helm of Kensington, the sub-prime mortgage lender, when it finalises a takeover by two Wall Street buyout firms. Ian Henderson, the former chief executive officer of Shawbrook, is to be installed in the same role at Kensington following its takeover by divisions of Blackstone and TPG. (bit.ly/1ufGhM1)
PM INVOKES WW2 IN SCOTTISH 'NO' PLEA
Prime Minister David Cameron said at a Downing Street reception for some of Britain's top executives that the United Kingdom won World War II through a united front and it was crucial that the country remained undivided. (bit.ly/1okFhka)
The Independent
AMAZON FIRE PHONE LAUNCHES IN THE UK: WOULD-BE IPHONE COMPETITOR BEATS APPLE TO THE PUNCH
Retailer Amazon.com Inc has launched its first ever smartphone in the United Kingdom, more than a month after the device was released in the United States. The Fire Phone will be available for free on a monthly 33 stg contract from O2 and will save customers 79 stg on the cost for a year of Amazon Prime. (ind.pn/1werdxU)
LUTON AIRPORT TO REOPEN AFTER 'SUSPICIOUS ITEM' FOUND IN SECURITY AREA DESTROYED BY POLICE IN CONTROLLED EXPLOSION
London Luton's airport is to reopen after passengers were evacuated from the premises and all incoming flights suspended when a suspicious item was found in the security search area. (ind.pn/1CL2zt7)
Fly On The Wall Pre-Market Buzz
ECONOMIC REPORTS
Domestic economic reports scheduled for today include:
NFIB small business optimism for August at 7:30--consensus 96.0
JOLTs job openings for July at 10:00--consensus 4.7M
ANALYST RESEARCH
Upgrades
ArcelorMittal (MT) upgraded to Outperform from Neutral at Credit Suisse
Barclays (BCS) upgraded to Overweight from Neutral at HSBC
CF Industries (CF) upgraded to Outperform from Sector Perform at RBC Capital
Columbia Property Trust (CXP) upgraded to Outperform at JMP Securities
D.R. Horton (DHI) upgraded to Overweight from Neutral at JPMorgan
Finish Line (FINL) upgraded to Buy from Hold at Deutsche Bank
Global Cash Access (GCA) upgraded to Buy from Hold at Stifel
Lennar (LEN) upgraded to Overweight from Neutral at JPMorgan
Lloyds Banking (LYG) upgraded to Overweight from Neutral at HSBC
Medivation (MDVN) upgraded to Outperform from Market Perform at Bernstein
Newmont Mining (NEM) upgraded to Outperform from Market Perform at Cowen
PulteGroup (PHM) upgraded to Neutral from Underweight at JPMorgan
Ralph Lauren (RL) upgraded to Strong Buy from Buy at ISI Group
Total (TOT) upgraded to Neutral from Underperform at BofA/Merrill
Virtusa (VRTU) upgraded to Overweight from Neutral at JPMorgan
Downgrades
Bank of Ireland (IRE) downgraded to Neutral from Buy at UBS
Dick's Sporting (DKS) downgraded to Market Perform from Outperform at Wells Fargo
M.D.C. Holdings (MDC) downgraded to Underweight from Neutral at JPMorgan
M/I Homes (MHO) downgraded to Neutral from Overweight at JPMorgan
MarkWest Energy (MWE) downgraded to Hold from Buy at Stifel
Meritage Homes (MTH) downgraded to Neutral from Overweight at JPMorgan
Mosaic (MOS) downgraded to Sector Perform from Outperform at RBC Capital
Pacific Coast Oil (ROYT) downgraded to Hold from Buy at Stifel
Parkway Properties (PKY) downgraded to Market Perform at JMP Securities
Standard Pacific (SPF) downgraded to Underweight from Neutral at JPMorgan
Initiations
AMC Entertainment (AMC) initiated with a Hold at Topeka
AMRI (AMRI) initiated with an Overweight at JPMorgan
American Airlines (AAL) initiated with an Outperform at Credit Suisse
Auris Medical (EARS) initiated with a Buy at Needham
CTI BioPharma (CTIC) initiated with an Overweight at Piper Jaffray
Catalent (CTLT) initiated with a Buy at BofA/Merrill
Catalent (CTLT) initiated with a Buy at Jefferies
Catalent (CTLT) initiated with a Hold at Deutsche Bank
Catalent (CTLT) initiated with an Overweight at JPMorgan
Catalent (CTLT) initiated with an Overweight at Piper Jaffray
Central Valley Community (CVCY) initiated with a Market Perform at Keefe Bruyette
Chimerix (CMRX) initiated with a Buy at Cantor
Delta Air Lines (DAL) initiated with an Outperform at Credit Suisse
Endocyte (ECYT) initiated with a Buy at Cantor
EnerNOC (ENOC) initiated with an Outperform at Pacific Crest
Good Times Restaurants (GTIM) initiated with a Buy at Roth Capital
JetBlue (JBLU) initiated with an Underperform at Credit Suisse
MEI Pharma (MEIP) initiated with a Buy at Cantor
Mavenir Systems (MVNR) initiated with an Outperform at Pacific Crest
Merrimack (MACK) initiated with a Buy at Cantor
Orion Engineered (OEC) initiated with an Equal Weight at Barclays
Southwest (LUV) initiated with a Neutral at Credit Suisse
Synchrony Financial (SYF) initiated with a Buy at Goldman
Synchrony Financial (SYF) initiated with a Hold at Deutsche Bank
Synchrony Financial (SYF) initiated with an Equal Weight at Barclays
Synchrony Financial (SYF) initiated with an Outperform at Keefe Bruyette
Synchrony Financial (SYF) initiated with an Overweight at JPMorgan
Synchrony Financial (SYF) initiated with an Overweight at Morgan Stanley
Tetraphase (TTPH) initiated with a Buy at Cantor
Threshold Pharmaceuticals (THLD) initiated with a Buy at Cantor
U.S. Geothermal (HTM) initiated with a Buy at Maxim
United Continental (UAL) initiated with an Outperform at Credit Suisse
COMPANY NEWS
Home Depot confirmed that its payment data systems were breached, which could potentially impact customers using payment cards at its U.S. and Canadian stores. While the company continues to determine the full scope, scale and impact of the breach, there is no evidence that debit PIN numbers were compromised
General Mills (GIS) will buy Annie's (BNNY) for $46 per share in cash. The deal has an aggregate value of approximately $820M
iPass (IPAS) said that it is exploring strategic alternatives
Baker Hughes (BHI) named current Avon Products (AVP) CFO Kimberly Ross as CFO; Avon named Robert Loughran as acting CFO
Level 3 (LVLT), tw telecom (TWTC) received U.S. DOJ approval of merger
EARNINGS
Companies that beat consensus earnings expectations last night and today include:
HD Supply (HDS), CM Finance (CMFN), Korn/Ferry (KFY), CHC Group (HELI), Casey's General Stores (CASY), NCI Building Systems (NCS)
Companies that missed consensus earnings expectations include:
Leidos (LDOS), Triangle Petroleum (TPLM), Pep Boys (PBY)
Companies that matched consensus earnings expectations include:
FuelCell (FCEL)
NEWSPAPERS/WEBSITES
Fed to require large US banks to have extra financial padding, WSJ reports
Apple (AAPL) looking to refocus on 9.7-inch iPad in 2H14, DigiTimes Research says
Boeing (BA) up against pressure to boost 737 production rate, Reuters reports
General Electric (GE) to focus on finance, industrial equipment, WSJ reports
Six Flags (SIX) wooden roller coaster catches fire, portion collapses, LA Times reports
Comverse (CNSI) to fire hundreds worldwide in next few days, Globes reports
Yahoo (YHOO) exploring ways to minimize taxes on sale of Alibaba (BABA) shares, Barron's says
SYNDICATE
Brookdale Senior Living (BKD) files to sell 8.75M shares
Physicians Realty Trust (DOC) offers 9M common shares
Pinnacle Foods (PF) files to sell 15M shares for holders
TriNet (TNET) files to sell 10.5M shares for General Atlantic LLC
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Pre Market Movers
Top Gaining Stocks
Price %Change
BNNY Annies Inc 46.10 37.57%
CTIC Cti Biopharma Cor... 2.70 8.87%
THLD Threshold Pharmac... 4.99 8.24%
MZOR Mazor Robotics Lt... 15.79 7.93%
TLOG Tetralogic Pharma... 4.99 6.17%
BURL Burlington Stores... 38.00 5.38%
HDB Hdfc Bank Ltd. Ad... 52.97 5.27%
CRNT Ceragon Networks ... 2.44 5.17%
HAIN Hain Celestial Gr... 102.02 4.33%
SOL Renesola Ltd. Ads... 3.48 3.88%
NVFY Nova Lifestyle, I... 5.48 3.79%
SYF Synchrony Financi... 25.75 3.66%
PAY Verifone Systems ... 35.65 3.57%
MBLY Mobileye NV Amste... 54.89 3.55%
HDS HD Supply Holding... 28.35 3.50%
OTIV On Track Innovati... 3.28 3.47%
BIP Brookfield Infras... 43.50 3.33%
HLF Herbalife 50.26 3.06%
GTAT GT Advanced Techn... 17.65 2.92%
GLUU Glu Mobile Inc. 5.64 2.92%
Top Losing Stocks
Price %Change
FRAN Francesca\'s Hold... 12.15 -13.03%
RADA Rada Electronics ... 5.30 -11.22%
FCEL Fuelcell Energy I... 2.40 -10.11%
GIGA Giga-tronics Inco... 2.84 -9.27%
MCY Mercury General C... 46.56 -7.77%
AVP Avon Products Inc... 12.71 -6.95%
PF Pinnacle Foods 32.20 -4.02%
DOC Physicians Realty... 14.02 -3.77%
KMDA Kamada Ltd. 5.11 -3.40%
TUR ishares Msci Turk... 55.00 -2.81%
JDST Direxion Daily Jr... 13.55 -2.52%
AKS AK Steel Holding ... 9.60 -2.44%
DGLY Digital Ally Inc.... 23.50 -2.21%
SIL Silver Miners Etf... 12.00 -2.20%
ARIA Ariad Pharmaceuti... 5.83 -2.18%
SFL Ship Finance Inte... 19.28 -2.03%
DLN Wisdomtree Trust ... 70.55 -1.89%
CHE Chemed Corp. 104.00 -1.87%
TCAP Triangle Capital ... 26.60 -1.70%
RFG Rydex Etf Trust S... 125.00 -1.65%
Read more at http://thestockmarketwatch.com/markets/pre-market/#3Ky7m0Deitv3MeuX.99
data:
NFIB Small Business Optimism Index
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ICSC-Goldman Store Sales
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Redbook
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JOLTS
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futures +9
good morning
$CONN ~ +$990 ~ wanted 30.53....sold 30.27 and it goes to 30.54....doh!
$CONN ~ +$990 ~ wanted 30.53....sold 30.27 and it goes to 30.54....doh! pic.twitter.com/bYF06EQtHA
— sdh (@sdh_ihub) September 8, 2014
frontrunning:
Scotland split jitters send sterling to 10-month low (Reuters)
S&P 500 Beating World Most Since 1969 Doesn’t Spark Flows (BBG)
Happy ending guaranteed: Vietnam building deterrent against China in disputed seas with submarines (Reuters)
China Posts Record Surplus as Exports-Imports Diverge (Bloomberg)
Russia, U.S. to hold talks on 1987 arms accord (Reuters)
Halcon’s Wilson Drills More Debt Than Oil in Shale Bet (BBG)
Deadly Disappointment Awaits at Ebola Clinics Due to Lack of Space (WSJ)
Latinos furious at Obama on immigration delay, vow more pressure (Reuters)
Japan GDP Shrinks at Fastest Pace in More Than Five Years (WSJ)
U.S. air strikes target insurgents near Iraq's Haditha Dam (Reuters)
SEC Preps Mutual Fund Rules (WSJ)
China's Use of Antimonopoly Law May Violate Its WTO Commitments (WSJ)
U.K.’s Big Banks Cut Lending by $595 Billion, KPMG Says (BBG)
Should Venezuela Default? (ProSyn)
Zoolander Was Wrong: Why Phones Are Getting Bigger, Not Smaller (BBG)
Former New Orleans Mayor to start jail sentence for graft (Reuters)
Overnight Media Digest
WSJ
* President Barack Obama will lay out plans this week for expanding the U.S. military campaign against the extremist group Islamic State, including the possibility of airstrikes on the militants in their Syrian strongholds, U.S. officials said. (http://on.wsj.com/1lQa9NW)
* Can the U.S. compete internationally? Its companies can. Its workers cannot. That is the key finding from a new survey of Harvard Business School alumni that delves into their views of the U.S. business environment to see where the nation thrives and where it falters. (http://on.wsj.com/1rs8jiE)
* In recent years, Americans have been spared the sticker shock of paying full price for a new iPhone because wireless operators offered upfront discounts approaching $500 a phone. But Apple Inc faces an uncertain new environment this week as it prepares to unveil new- and what are expected to be more expensive-iPhones. Carriers have been weaning consumers off subsidies and getting them to pay full price for new devices. (http://on.wsj.com/1quAMrS)
* The Securities and Exchange Commission is preparing new rules to boost oversight of mutual funds, hedge funds and other firms as part of an effort to gain insight into whether the $50 trillion asset-management industry poses risks to the financial system, according to people familiar with the discussions. (http://on.wsj.com/1qyKj13)
* A fast-growing Virginia laboratory has collected hundreds of millions of dollars from Medicare while using a strategy that is now under regulatory scrutiny: It paid doctors who sent it patients' blood for testing. (http://on.wsj.com/1ohdXDd)
* Those hoping for a Goldilocks economy (not too hot, not too cold) got a boost from Friday's softer-than-expected August jobs numbers. Concerns had been spreading that strong job creation would push the Federal Reserve to raise interest rates as soon as March 2015, instead of June or September as most forecasters currently expect. Strong job creation is good for the public, but rate increases are bad for stocks and bonds, so the soft report was a relief to Wall Street. (http://on.wsj.com/1rrVNj2)
* Alibaba Group Holding Ltd <IPO-BABA.N> and its bankers have been talking with investors about the Chinese e-commerce giant's potentially $24 billion initial public offering for over a year. But this week, as they begin the formal sales pitch, they will seek to resolve a crucial question: How much stock do investors want to own, and what will they pay for it? (http://on.wsj.com/1quZ9Wu)
* General Motors Co plans to launch by 2016 cars with a hands-free automated driving system and Wi-Fi-enabled vehicle-to-vehicle communications systems designed to help avoid collisions, intensifying the race among the world's auto makers to build cars that can partially drive themselves and avoid crashes without the help of their human drivers. (http://on.wsj.com/1w5yXVz)
* Japan's biggest online shopping mall, Rakuten Inc , has reached a basic agreement to buy U.S. cashback-shopping website operator Ebates for about 100 billion yen ($951.75 million) to better access U.S. consumers and grow abroad, a person familiar with the matter said Sunday. (http://on.wsj.com/1rs2X6U)
* When top Netflix Inc executives arrived in Paris earlier this year to help prepare a European expansion, they were greeted with an open letter from a group of French film producers warning of an "implosion of our cultural model." Netflix's response was a charm offensive. In a series of meetings with French government officials, executives said they planned to inject tens of millions of euros into France by marketing the Netflix service, striking deals for older French movies and TV shows and eventually shooting an original, French-language TV series set in the country, according to people who attended the meetings. (http://on.wsj.com/1uFxUYE)
* While BP Plc has pledged to fight a federal judge's ruling that it acted recklessly in the fatal 2010 Deepwater Horizon explosion and spill, Thursday's decision may ratchet up pressure for it to pursue a different tack: settle. A federal judge's ruling that BP recklessly failed to heed warning signs ahead of the Deepwater Horizon disaster may ratchet up pressure on the oil giant to settle rather than face an up to $18 billion fine. (http://on.wsj.com/1udznXN)
* Walgreen Co, facing mounting pressure from analysts and shareholders, said it is giving activist investor Jana Partners LLC two board seats, a relatively large say for a shareholder with a little more than 1 percent of the company's stock. (http://on.wsj.com/1udzH91)
FT
The UK government sent a filing to the U.S. Supreme Court arguing over the $18 billion fine imposed on BP PLC. The UK government said, the company was being forced to pay a huge sum of money to individuals and businesses who were not particularly affected by the spill.
Michel Barnier, the European Union commissioner said that the bankers' cash allowances were wrongly classified as fixed pay as they are paid selectively to senior staff, and are limited in duration and get cancelled sometimes.
European oil group Royal Dutch Shell Plc and a sovereign wealth fund from Oman are investing $53 million into California based Glasspoint, a small solar power company that increases crude oil production using renewable energy.
Vodafone has developed a mobile wallet service with Visa Inc, and plans to launch it in the UK next month. This service works with a special SIM card embedded with near field communication technology and can be used to swipe for payments at contactless tills.
Mark Cutifani, chief executive of Anglo American Plc ruled out BHP Billiton Plc's restructuring methods and said he preferred piece-by-piece asset sales in restructuring the mining group.
NYT
* After General Motors emerged from bankruptcy and a government bailout five years ago, the board of directors of the "new G.M." was expected to keep a more watchful eye on a company that had gone seriously off track. But on the issue of vehicle safety, the board until recently took a mostly hands-off approach, rarely even discussing the topic beyond periodic reviews of product quality with company executives, according to interviews with current and former board members. (http://nyti.ms/Ww1XX2)
* Just as the iPod's appeal relied in part on Apple Inc's music industry relationships, the future of its new wrist device may rest on courting health companies. (http://nyti.ms/1rSRbc8)
* Hourly workers often face unpredictable schedules and fluctuating hours each week, but at a Macy's Inc in Manhattan, a union has made a difference. (http://nyti.ms/1tDHj62)
* Alibaba <IPO-BABA.N>, started by Jack Ma in 1999, is about to sell shares in the United States that could value the company at about $160 billion. (http://nyti.ms/1uFwDAI)
* Public health experts say hundreds of children under 16 continue to work in America's tobacco fields, where they are exposed to harmful chemicals like nicotine. (http://nyti.ms/1CHlKUI)
* Stronger computing power, improved satellite and radar technology and more sophisticated scientific models give airlines a greater understanding of flying conditions. This means they can better plan their operations before flights - for instance by canceling flights early and avoiding stranding passengers at airports.(http://nyti.ms/1rSPafV)
Canada
THE GLOBE AND MAIL
** Lawyers for 182 former General Motors Co car dealers across Canada will face off with General Motors of Canada Ltd in a Toronto courtroom this week, as a trial begins in a C$750 million ($687 million) class action alleging the car maker unfairly pressured the dealers to give up their businesses as it sought a government bailout during the financial crisis. (http://bit.ly/1lQyG5N)
** Toronto Mayor Rob Ford's office asked city staff to look into using one of their most coercive powers - the expropriation of privately owned land - to help a client of the mayor's family business add more parking spaces. Mayor Ford's relationship with Apollo Health and Beauty Care, a soap manufacturer that contracts the Ford family's printing company to make labels for its products, is the focus of an ongoing investigation by Toronto's integrity commissioner. (http://bit.ly/1uFSx6T)
** Canada is experiencing a serious shortage of an essential drug for the treatment of bladder cancer. The shortfall, which is due to manufacturing problems at plants operated by two different pharmaceutical companies, could have major consequences for patients. (http://bit.ly/1xx3dKF)
NATIONAL POST
** With use of drones for commercial uses illegal in the United States, startups are popping up in Canada that offer services from monitoring crops to selling real estate. (http://bit.ly/1CIgKzf)
** Quebec Premier Philippe Couillard is now downplaying his desire to have Quebec sign the Canadian Constitution. A day after suggesting he'd like the province to do so by 2017 for the 150th anniversary of Confederation, Couillard told reporters on Sunday that his top priority is the economy. (http://bit.ly/1lMDoRx)
** As potential jurors enter a Montreal courtroom on Monday for jury selection in the first-degree murder trial of Luka Magnotta, few will encounter a complete stranger in the defendant. Accused in the brutal murder of Chinese university student Lin Jun, Magnotta, 32, who changed his name from Eric Clinton Kirk Newman, is already infamous. (http://bit.ly/1qGSVS0)
Hong Kong
SOUTH CHINA MORNING POST
* Zhang Yaqin, the man who helped build Microsoft's biggest technology research operation outside of the United States, is leaving the software giant to join Chinese online search powerhouse Baidu. Sources close to Baidu said Zhang would report directly to Robin Li Yanhong, the co-founder of Baidu. (http://bit.ly/1w5CkMd)
* The gutter oil scare deepened in Hong Kong and Macau after it emerged that another importer in the city and 21 businesses in the former Portuguese enclave had purchased oil from the Taiwanese supplier at the centre of the scandal. The Hong Kong importers include Dah Chong Hong Holdings Ltd. (http://bit.ly/1wdzF0i)
* Sun Hung Kai Properties Ltd is likely to become Hong Kong's biggest supplier of small flats once its application to convert four luxury residential projects in the northeast New Territories into 4,000 tiny apartments wins approval, according to industry observers. (http://bit.ly/1ogDgVY)
THE STANDARD
* China Auto Rental opens the retail book for its HK$3.62 billion ($467 million) initial public offering in Hong Kong, with 426 million new shares in a range of HK$7.50-HK$8.50 each. Shares of the country's largest auto rental firm, which aims to double the size of its fleet, start to trade on September 19. (http://bit.ly/1uFpdgU)
* A much-hyped idea to link bourses in Hong Kong and Shenzhen is not in the pipeline, China's securities watchdog said, saying one of its current priorities is to hammer out taxation issues for the upcoming Shanghai-Hong Kong Stock Connect program. (http://bit.ly/1tjjuwd)
HONG KONG ECONOMIC JOURNAL
* Chinese shipbuilder China Rongsheng Heavy Industries Group said an independent third party is considering to initiate a potential restructuring involving its unit Jiangsu Rongsheng Heavy Industries Co Ltd. The unit contributed a respective 89 percent and 91.4 percent of China Rongsheng's total revenue for 2013 and for six months ended in June 2014.
HONG KONG ECONOMIC TIMES
* Yuzhou Properties Co Ltd has earmarked 3 billion yuan ($488 million) to replenish landbank in China in the second half of 2014, according to chairman Lam Lungon.
Britain
The Times
PARTIES UNITE IN LAST-DITCH BID TO SAVE THE UNION
David Cameron and Ed Miliband will unite this week to make a last-ditch attempt to save the union by publishing a government paper that commits to handing more powers to Scotland within days of a "no" vote. (thetim.es/1oVKrT7)
ALIBABA TO HELP UK FIRMS FIGHT THE FAKES
British brands fighting the onslaught of Chinese counterfeiters have secured a landmark agreement from Alibaba Group Holding Ltd <IPO-BABA.N> , the internet commerce titan whose imminent listing in New York will vie to be the largest flotation in corporate history. (thetim.es/1pF40Pp)
The Guardian
SCOTTISH INDEPENDENCE: POUND COULD DROP 10 PCT IN VALUE
Scottish independence is expected to knock up to 10 percent off the value of sterling, taking it back to levels last seen when Britain was in recession. Nervous traders have already begun to sell the pound in response to narrowing polls. The currency suffered its worst week in more than a year last week. (bit.ly/1w5olWN)
NORTHERN COMMUTERS FACE BIG RISE IN FARES FOR EVENING TRAVEL
Rail passengers in the north of England are facing large increases in the cost of travel after the introduction of peak evening fares on train services from Monday. (bit.ly/1oVMp5I)
The Telegraph
RYANAIR POISED FOR HUGE BOEING AIRCRAFT ORDER
Ryanair Holdings Plc will on Monday announce a major order for Boeing Co's new 737 MAX jetliner as the colourful low cost airline seeks to boost passenger numbers by almost half to 120 million over the next decade. (bit.ly/1xv0CAR)
MPs WILL GET 10 PERCENT PAY RISE, EXPENSES WATCHDOG SAYS
MPs' pay will rise by 10 percent next year, taking their salaries to 74,000 stg ($120,000), the new head of parliament's expenses watchdog has said, despite warnings from David Cameron that such an increase would be "simply unacceptable". (bit.ly/1rRL0VF)
Sky News
EUROPE AGREES ON FRESH RUSSIAN SANCTIONS
European leaders have agreed to hit Russia with a fresh round of sanctions - despite Moscow signing up to a ceasefire in Ukraine. The sanctions include credit restrictions on Russian companies, export bans, travel bans and asset freezes on a new set of officials. (bit.ly/1lLzJ6u)
EXODUS OF BRITS FROM ECONOMIC WOES IN CYPRUS
British expats are packing up and leaving Cyprus as the effects of the financial meltdown continue to be felt. Removals firms on the island have seen huge demand from people moving back to the UK, with immigration from the east helping replace those on their way out. (bit.ly/1qyo770)
The Independent
CALAIS TO BE OFFERED 9FT-HIGH NATO SUMMIT STEEL SECURITY FENCE TO DETER MIGRANTS
Ministers have approved giving Calais the 9ft-high "Ring of Steel" security fence that had been used at the NATO summit, to help tackle the issue of migrants seeking to illegally board ferries and trucks bound for the UK. (ind.pn/1ofZWWq)
FOUNDER PETER CRUDDAS SIGNALS 1 BLN STG FLOAT AFTER CMC STORMS INTO PROFIT
CMC Markets founder Peter Cruddas today flagged up a 1 billion stg float as he put his spread betting firm back into the black. The former Conservative co-treasurer, who resigned from the party two years ago after a cash-for-access sting, unveiled pre-tax profits of 32.8 million stg in the year to 31 March, turning around a 4 million stg loss in the prior year. (ind.pn/1AeRBYW)
Fly On The Wall Pre-Market Buzz
ECONOMIC REPORTS
Domestic economic reports scheduled for today include:
Consumer credit for July at 3:00 pm ET--consensus up $17.3B
ANALYST RESEARCH
Upgrades
Bank of America (BAC) upgraded to Buy from Neutral at Goldman
FireEye (FEYE) upgraded to Buy from Neutral at UBS
Infinera (INFN) upgraded to Buy from Hold at Jefferies
L-3 Communications (LLL) upgraded to Outperform from Perform at Oppenheimer
Matrix Service (MTRX) upgraded to Buy from Hold at KeyBanc
Pinnacle West (PNW) upgraded to Outperform from Market Perform at Wells Fargo
Ternium (TX) upgraded to Overweight from Neutral at JPMorgan
Downgrades
Bonanza Creek (BCEI) downgraded to Outperform from Strong Buy at Raymond James
Fairchild (FCS) downgraded to Neutral from Positive at Susquehanna
Ford (F) downgraded to Underweight from Equal Weight at Morgan Stanley
Keryx (KERX) downgraded to Underperform from Market Perform at FBR Capital
Portland General Electric (POR) downgraded to Market Perform at Wells Fargo
Initiations
AIG (AIG) initiated with a Buy at Citigroup
C1 Financial (BNK) initiated with a Buy at Wunderlich
C1 Financial (BNK) initiated with an Outperform at Keefe Bruyette
Enable Midstream (ENBL) initiated with an Equal Weight at Morgan Stanley
Enservco (ENSV) initiated with an Outperform at Northland
Gulfport Energy (GPOR) initiated with an Equal Weight at Morgan Stanley
Husky Energy (HUSKF) initiated with a Buy at Citigroup
Illumina (ILMN) initiated with an Equal Weight at Morgan Stanley
Otonomy (OTIC) initiated with an Overweight at Piper Jaffray
PerkinElmer (PKI) initiated with an Overweight at Morgan Stanley
Thermo Fisher (TMO) initiated with an Overweight at Morgan Stanley
Waters (WAT) initiated with an Underweight at Morgan Stanley
Westlake Chemical Partners (WLKP) initiated with a Buy at Deutsche Bank
Westlake Chemical Partners (WLKP) initiated with a Neutral at BofA/Merrill
Whiting Petroleum (WLL) initiated with an Equal Weight at Morgan Stanley
COMPANY NEWS
General Electric (GE) to sell appliances business to Electrolux AB (ELUXY) for $3.3B
FMC Corporation (GMC) to acquire Cheminova for $1.8B
Walgreen (WAG) appointed JANA's Barry Rosenstein to board of directors
Fossil (FOSL), Intel (INTC) announced collaboration to develop innovation in wearable tech
TriQuint (TQNT) shareholders approved merger-of-equals with RF Micro Devices (RFMD)
Amazon.com (AMZN) secured $2B credit arrangement
EARNINGS
Companies that missed consensus earnings expectations include:
Piedmont Natural Gas (PNY)
Douglas Emmett (DEI) lowers FY14 FFO view by 5c to $1.53-$1.57, consensus $1.61
Piedmont Natural Gas (PNY) reaffirms FY14 EPS $1.80-$1.90, consensus $1.89
NEWSPAPERS/WEBSITES
GM (GM) to introduce hands free Cadillac model in two years, Bloomberg reports
CenturyLink (CTL) said to seek Rackspace (RAX) acquisition, Bloomberg reports
Ryanair (RYAAY) could place $10B Boeing (BA) order, Reuters says
Sharp (SHCAY) aims to sell U.S. solar-energy development division, Bloomberg reports
T-Mobile (TMUS) files suit against China's Huawei , Re/code says
Discovery (DISCA): Comcast (CMCSA)-TWC (TWC) merger gives unfair advantage, NY Post reports
lululemon (LULU) expected to report sharply lower profit, WSJ reports
United Technologies (UTX) could return 20%, Barron's says
Boeing (BA) shares could climb 20%, Barron's says
Multimedia Games (MGAM) looks inexpensive, Barron's says
SYNDICATE
Ascent Solar (ASTI) files to sell 1M shares for holders
Sequential files to sell 14.33M shares of common stock
Uranium Energy (UEC) files to sell 1.86M shares of common stock
Average:
Pre Market Movers
Top Gaining Stocks
Price %Change
MGAM Multimedia Games ... 35.60 28.15%
SGU Star Gas Partners... 6.48 10.77%
BCRX Biocryst Pharmace... 13.25 7.46%
RAX Rackspace Hosting... 40.01 7.44%
ISNS Image Sensing Sys... 7.20 7.30%
PLX Protalix Biothera... 2.65 5.58%
ALLT Allot Communicati... 11.68 5.13%
RUSS Direxion Daily Ru... 10.95 4.78%
CX Cemex S.a. de C.v... 14.04 4.70%
NLNK Newlink Genetics ... 26.30 4.24%
MTRX Matrix Service Co... 25.00 4.12%
INFN Infinera Corporat... 10.75 4.07%
FEYE Fireeye Inc 32.83 3.50%
GLUU Glu Mobile Inc. 5.34 3.29%
EXTR Extreme Networks ... 5.39 3.26%
RADA Rada Electronics ... 2.60 3.17%
HPJ Highpower Interna... 6.95 2.96%
FCEL Fuelcell Energy I... 2.67 2.69%
YHOO Yahoo! Inc. 40.60 2.55%
CEE Central Europe Ru... 28.50 2.52%
Top Losing Stocks
Price %Change
WHF Whitehorse Financ... 12.60 -12.62%
WRLD World Acceptance ... 71.58 -6.98%
DGLY Digital Ally Inc.... 23.75 -6.02%
LYG Lloyds Banking Gr... 4.69 -4.48%
KMDA Kamada Ltd. 5.50 -4.35%
RBS Royal Bank of Sco... 10.91 -4.13%
KERX Keryx Biopharmace... 16.35 -3.88%
GSK Glaxosmithkline P... 46.24 -3.51%
BCS Barclays Plc Ads ... 14.45 -3.47%
MORL Ubs AG 22.23 -3.05%
OMC Omnicom Group Inc... 70.13 -3.03%
USU Usec Inc. 3.98 -2.69%
UWTI VS 3X Wti Crude 27.60 -2.54%
HMY Harmony Gold Mini... 2.73 -2.50%
CENX Century Aluminum ... 28.59 -2.36%
AKS AK Steel Holding ... 10.20 -2.30%
CPB Campbell Soup 43.53 -2.27%
AZN Astrazeneca Plc A... 73.08 -2.22%
F Ford Motor Co. 16.76 -2.22%
NGG National Grid Plc... 73.47 -2.11%
Read more at http://thestockmarketwatch.com/markets/pre-market/#jcPrmEs6SOqMivqw.99
data:
4-Week Bill Announcement
[Bullet11:00 AM ET
3-Month Bill Auction
[Bullet11:30 AM ET
6-Month Bill Auction
[Bullet11:30 AM ET
TD Ameritrade IMX
[Bullet12:30 PM ET
Consumer Credit
[Report][Bullet3:00 PM ET
futures -25
good morning
TRADER RADAR for the WEEK of 9/8 to 9/12 ECONOMIC AND EARNINGS INFO
Monday, September 8
US Economics (Time Zone: EDT)
3:00 Consumer Credit (Jul) - expected $17.3B, prior $17.25B
11:00 Fed buying $950M-$1.15b Treasuries in 25 to 30-year range
11:30 Treasury to sell $26b 3-month bills, $23b 6-month bills
Global Economics (Time Zone: GMT)
JPY Trade Balance
JPY GDP (2Q final)
CNY Trade Balance
05:45 CHF Unemployment Rate
06:00 EUR German Trade Balance
07:15 CHF CPI
12:30 CAD Building Permits
Earnings
After
FuelCell Energy (FUEL)
Campbell Soup (CPB)
Tuesday, September 9
US Economics (Time Zone: EDT)
07:30 NFIB Small Business Optimism (Aug) - expected 96.0, prior 95.7
10:00 JOLTS Job Openings - exp 4711, prior 4671
10:00 Construction Spending MoM (Jul) - exp 0.8%, prior -1.8%
11:30 Treasury to sell 4-week bills
1:00 Treasury to sell $27b 3-year notes
Fedspeak
10:00am Tarullo (moderate, board member) testifies to Senate Banking Committee
Global Economics (Time Zone: GMT)
JPY BoJ Minutes
01:30 AUD Home Loans
05:00 JPY Consumer Confidence Index
08:30 GBP Trade Balance
08:30 GBP Industrial & Manufacturing Production
12:15 CAD Housing Starts
14:00 GBP NIESR GDP Estimate (Aug)
9:30am BoE's Carney speaks in Liverpool
Earnings
Before:
Barnes & Noble (BKS)
HD Supply Holdings (HDS)
After
Palo Alto Networks (PANW)
Wednesday, September 10
US Economics (Time Zone: EDT)
07:00 MBA Mortgage Purchase Index
10:00 Wholesale Inventories MoM (Jul) - expected 0.5%, prior 0.3%
11:00 Fed to buy $350m-$450m TIPS in 5 to 30-year range
1:00 Treasury to sell $21b 10-year notes (reopening)
Global Economics (Time Zone: GMT)
00:30 AUD Westpac Consumer Confidence
2:45pm BoE's Carney speaks to Parliament
Earnings
After
Five Below (FIVE)
Men's Wearhouse (MW)
Radioshack (RSH)
Thursday, September 11
US Economics (Time Zone: EDT)
08:30 Initial Jobless Claims - expected 300K, prior 302K
08:30 Continuing Claims - exp 2500K, prior 2464K
2:00 Treasury Budget (Aug) - exp -$135B
11:00 Fed to purchase $2b-$2.5b Treasuries in 6 to 7-year range
1:00 Treasury to sell $13b 30-year bonds (reopening)
Global Economics (Time Zone: GMT)
NZD RBNZ Rate Decision
JPY BSI Large Manufacturing (3Q)
01:30 CNY CPI & PPI
01:30 AUD Employment Change
06:00 EUR German CPI (Aug final)
12:30 CAD New Home Price Index
8:00pm ECB's Draghi speaks in Milan
Earnings
After:
Ulta Salon (ULTA)
Kroger (KR)
Friday, September 12
US Economics (Time Zone: EDT)
08:30 Advance Retail Sales (Aug) - expected 0.5%, prior 0.0%
08:30 Retail Sales Ex Auto - exp 0.2%, prior 0.1%
08:30 Retail Sales Ex Auto & Gas - exp 0.4%, prior 0.1%
08:30 Import Price Index MoM (Aug) - exp -1.0%, prior -0.2%
09:55 University of Michigan Consumer Confidence (Sep prelim) - exp 83.5, prior 82.5
10:00 Business Inventories (Jul) - exp 0.5%, prior 0.4%
Global Economics (Time Zone: GMT)
09:00 EUR Eurozone Industrial Production
7:05am BoJ's Kuroda speaks
Earnings
Darden Restaurants (DRI)
Earnings Preview for the week of September 8 - 12 some of the bigger names include:
Monday:
Pre Market - CPB
After Hours - CASY, PBY, HELI, NCS, KFY, FN, TPLM, FCEL
Tuesday:
Pre Market - HDS, BKS, LDOS, BURL, TITN, JW.A, CVGW, LAYN, NX, FRAN
After Hours - SAIC, OXM, PIKE, PANW, KKD, SPA, IRET, LMNR, PPHM
Wednesday:
Pre Market - VRA, MANU, PMFG
After Hours - MW, RH, FIVE, WTSL, SIGM
Thursday:
Pre Market - KR, PWE, LULU, BRC, FLWS, MBUU
After Hours - ULTA, SPWH
Friday:
Pre Market - SNOW, NTWK, DRI
$KERX ~ +$1,020 in 6 minutes....but I guess I have to include the 6 hours I've been sitting here
$KERX ~ +$1,020 in 6 minutes....but I guess I have to include the 6 hours I've been sitting here :-) pic.twitter.com/nWa2pFphXC
— sdh (@sdh_ihub) September 5, 2014
so sad.....go in for some routine surgery and not come out....
Pre Market Movers
Top Gaining Stocks
Price %Change
HELI Heli Electronics ... 8.80 27.54%
PRAN Prana Biotechnolo... 2.50 16.82%
BLOX Infoblox 15.10 11.19%
TASR Taser Internation... 19.27 9.80%
AMBA Ambarella Inc. 38.46 7.52%
BDSI Biodelivery Scien... 15.70 4.74%
LOCO El Pollo Loco Hol... 36.25 4.20%
SGOC Sgoco Group Ltd 2.80 4.09%
HAL Halliburton Co. 68.49 2.92%
CIEN Ciena Corp 19.03 2.81%
CGG Cgg 9.71 2.53%
D Dominion Resource... 71.99 2.45%
GDX Market Vector Gol... 25.46 2.33%
TSL Trina Solar Ltd. ... 14.25 2.30%
JNUG Direxion Daily Jr... 19.00 2.22%
ISNS Image Sensing Sys... 7.01 2.19%
TZA Direxion Daily Sm... 14.72 1.87%
GPRO Gopro Inc. 54.05 1.83%
VRTX Vertex Pharmaceut... 93.00 1.58%
DGLY Digital Ally Inc.... 26.50 1.57%
Top Losing Stocks
Price %Change
REPH Recro Pharma Inc ... 3.76 -34.15%
FNSR Finisar Corporati... 17.26 -6.04%
GPS Gap Inc. 43.85 -5.88%
ZUMZ Zumiez Inc. 30.60 -5.58%
YGE Yingli Green Ener... 3.48 -4.92%
KORS Michael Kors Hold... 76.49 -4.35%
SEAC Seachange Interna... 7.55 -4.31%
PNNT Pennantpark Inves... 11.39 -3.96%
GLNG Golar Lng Ltd 58.00 -3.88%
NCT Newcastle Investm... 13.09 -3.18%
CX Cemex S.a. de C.v... 13.01 -2.69%
ABGB Abengoa S.a. Adr ... 29.46 -2.32%
SDRL Seadrill Ltd. 34.41 -2.27%
TNA Direxion Daily Sm... 74.12 -1.91%
JDST Direxion Daily Jr... 12.96 -1.89%
AU Anglogold Ashanti... 15.61 -1.82%
HMY Harmony Gold Mini... 2.74 -1.79%
IHG Intercontinental ... 37.25 -1.72%
RUSS Direxion Daily Ru... 11.25 -1.69%
FEYE Fireeye Inc 30.74 -1.66%
Read more at http://thestockmarketwatch.com/markets/pre-market/#8jsIKQTUEj94Iwwo.99
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Employment Situation
[Report][Star]8:30 AM ET
Charles Plosser Speaks
10:15 AM ET
Treasury STRIPS
[Bullet3:00 PM ET
Eric Rosengren Speaks
3:45 PM ET
such a great loss.....
futures -55
good morning
such quick wit.. such a ball of fire...workaholic....Joan Rivers, Trailblazing Comic, Dead at 81 https://celebrity.yahoo.com/blogs/celeb-news/joan-rivers--trailblazing-comic--red-carpet-fixture--dead-215344477.html?soc_src=mediacontentstory … via @YahooCelebrity
Pre Market Movers
Top Gaining Stocks
Price %Change
MITK Mitek Systems Inc... 4.05 70.89%
SGOC Sgoco Group Ltd 3.65 16.24%
MEI Methode Electroni... 38.25 11.65%
ARDM Aradigm Corp. 9.90 11.36%
TIBX Tibco Software In... 22.50 6.94%
HMSY Hms Holdings Corp... 21.39 5.34%
ACHN Achillion Pharmac... 13.64 4.44%
WEAT Teucrium Wheat Et... 12.67 3.34%
GES Guess? Inc. 23.99 3.05%
VGGL Viggle Inc 4.93 2.71%
MAGS Magal Security Sy... 5.30 2.71%
SSH Sunshine Heart In... 5.52 2.60%
TASR Taser Internation... 17.16 2.51%
ALLT Allot Communicati... 10.79 2.18%
RUSS Direxion Daily Ru... 11.30 2.08%
SPLK Splunk Inc. 58.12 2.02%
ARWR Arrowhead Researc... 16.59 1.97%
FAS Direxion Daily Fi... 109.55 1.79%
SSYS Stratasys Ltd. 122.00 1.75%
INFI Infinity Pharmace... 16.00 1.72%
Top Losing Stocks
Price %Change
CIEN Ciena Corp 18.15 -11.29%
SMLP Summit Midstream ... 53.51 -4.65%
MEMP Memorial Producti... 22.11 -4.53%
KMDA Kamada Ltd. 6.87 -4.05%
ISNS Image Sensing Sys... 7.47 -3.61%
LNN Lindsay Corporati... 73.00 -3.35%
AI Arlington Asset I... 27.45 -3.31%
JOY Joy Global Inc. 60.26 -3.12%
GPRO Gopro Inc. 55.15 -3.01%
RUSL Direxion Daily Ru... 15.75 -2.96%
CGEN Compugen Ltd. 9.05 -2.79%
NRF Northstar Realty ... 18.35 -2.65%
AIXG Aixtron SE 13.07 -2.61%
FNSR Finisar Corporati... 18.40 -2.59%
DDD 3D Systems Corp. ... 50.50 -2.57%
DGLY Digital Ally Inc.... 22.45 -2.56%
VII Vicon Industries ... 5.00 -1.96%
IRBT irobot Corporatio... 30.49 -1.87%
JMEI Jumei Internation... 28.50 -1.62%
CLF Cliffs Natural Re... 14.20 -1.59%
Read more at http://thestockmarketwatch.com/markets/pre-market/#YM6MXMtpbXXqVI6J.99
data:
Chain Store Sales
Challenger Job-Cut Report
[Report][Bullet7:30 AM ET
ADP Employment Report
[Report][djStar]8:15 AM ET
Gallup US Payroll to Population
[Bullet8:30 AM ET
International Trade
[Report][Star]8:30 AM ET
Jobless Claims
[Report][Star]8:30 AM ET
Productivity and Costs
[Report][djStar]8:30 AM ET
PMI Services Index
[Report][Bullet9:45 AM ET
ISM Non-Mfg Index
[Report][djStar]10:00 AM ET
EIA Natural Gas Report
[Bullet10:30 AM ET
EIA Petroleum Status Report
[djStar]11:00 AM ET
3-Month Bill Announcement
[Bullet11:00 AM ET
6-Month Bill Announcement
[Bullet11:00 AM ET
3-Yr Note Announcement
[Bullet11:00 AM ET
10-Yr Note Announcement
[Bullet11:00 AM ET
30-Yr Bond Announcement
[Bullet11:00 AM ET
Loretta Mester Speaks
12:30 PM ET
Fed Balance Sheet
[Bullet4:30 PM ET
Money Supply
[Bullet4:30 PM ET
Jerome Powell Speaks
6:15 PM ET
Richard Fisher Speaks
8:15 PM ET
Narayana Kocherlakota Speaks
9:00 PM ET
Futures +49
good morning
thank you.... $DGLY $GPRO $FEYE
just some crazy ones..... $$$'s flying everywhere..... and I'm playing something else.....
silly market!
Frontrunning:
Confusion as Ukraine and Russia announce progress towards peace (Reuters)... but not for stock buying algos, they know everything
Obama Expresses Skepticism About Possible Ukraine Cease-Fire (WSJ)
Fighters Unwind in Russia Where Beer Doesn’t Spell Death (BBG)
Despite dangers, U.S. journalist Sotloff was determined to record Arab Spring's human toll (Reuters)
New Beheading Video Spurs Calls for Global Response (BBG)
Christie’s Spending on Outside Lawyers Passes $50 Million (BBG)
IEX to Apply for Exchange Status (WSJ)
UK says not ruling out airstrikes against Islamic State, says hostage video genuine (Reuters)
Murdered journalist Steven Sotloff had dual US-Israeli citizenship (Guardian)
Netflix Reaches Global Licensing Pact With Warner Bros. for 'Gotham' (WSJ)
West Africa struggles to contain Ebola as warnings and deaths mount (Reuters)
Money Chases Non-U.S. Real Estate at Record Rate in ETFs (BBG)
U.S. bank regulators set to adopt liquidity, swaps margin rules (Reuters)
Overnight Media Digest
WSJ
* The extremist group Islamic State posted a video purporting to show the beheading of American journalist Steven Sotloff, bringing calls for the U.S. to more forcefully confront the militants in both Iraq and Syria. (http://on.wsj.com/1nV1kxG)
* California regulators want PG&E Corp's utility to pay $1.4 billion in fines and penalties over a fatal natural-gas pipeline explosion in San Bruno, California. The state Public Utilities Commission proposed fining Pacific Gas & Electric Co $950 million over allegations that the company violated federal and state pipeline safety rules before the 2010 pipeline explosion. (http://on.wsj.com/1ly45JF)
* Private-equity firm KKR & Co LP said Tuesday it agreed to buy a minority stake in Savant Systems LLC, a closely held Hyannis, Massachusetts, company that sells systems that let homeowners control everything from thermostats and stereos to lighting and lawn sprinklers, from their smartphones. KKR is leading an investment of about $90 million in the company and the firm will have a roughly 35 percent stake in Savant, according to a person familiar with the matter. (http://on.wsj.com/1BaH17E)
* Home Depot Inc is working with banks and law enforcement agencies to investigate a potential breach of customer credit- or debit-card data. The home-improvement retailer said on Tuesday it is looking into what it called unusual activity and said that if it confirms a breach occurred, it will immediately notify customers. (http://on.wsj.com/1nwyEem)
* A key employee leading Google Inc's efforts to beam Internet access from satellites has abruptly left the company and is now working closely with Space Exploration Technologies Corp and its founder Elon Musk, according to people familiar with the matter. (http://on.wsj.com/1tsh3LA)
* The Federal Bureau of Investigation hasn't found any evidence to suggest the hacker or hackers who successfully penetrated the computer system at JPMorgan Chase & Co scored any similar successes against other big U.S. banks, four people close to the investigation said. (http://on.wsj.com/1pGzVFa)
* IEX Group Inc, an upstart private trading venue launched less than a year ago, plans within a week to seek U.S. regulatory approval to become a full-fledged stock exchange, according to people familiar with the company's plans. (http://on.wsj.com/1lH58HC)
* An internal Credit Suisse Group AG investigation into allegations of inappropriate employee behavior has roiled the bank's European stock-trading desk, according to people familiar with the probe, in the latest example of a major bank uncovering potential problems as it sifts through employees' electronic communications. (http://on.wsj.com/1ux5LTD)
* Halliburton Co will pay $1.1 billion to Gulf Coast residents, local governments and businesses affected by the 2010 Deepwater Horizon oil spill, moving to limit its liabilities ahead of a court ruling that could have increased its costs. (http://on.wsj.com/1x6PJVT)
* Wet Seal Inc disclosed Tuesday that its chief executive left the company, effective Aug. 26, according to a filing with the Securities and Exchange Commission. (http://on.wsj.com/Z6vhW1)
FT
Luxury eyewear maker Luxottica Group SpA's founder and Executive Chairman Leonardo Del Vecchio is expected to pursue acquisitions and wants to double the groups revenue to more than 14 billion euros ($18.38 billion)in the next decade.
BP Plc asked a U.S. court on Tuesday to fire the court-appointed lawyer tasked with paying out compensation to people affected by the 2010 Gulf of Mexico oil spill.
Aston Martin has hired senior Nissan executive Andy Palmer as its new boss, as the company tries to bridge the gap with its competitors.
Danone said that Chairman and Chief Executive Franck Riboud would split his role after 18 years at the helm of the French yoghurt maker.
A Frankfurt court has issued a temporary injunction against U.S. car service Uber, saying the company could no longer offer its phone apps to connect drivers with passengers.
NYT
* The European Central Bank's negative rates strategy has not worked as planned, which is why it is under increasing pressure to try something else when it meets on Thursday. The central bank's so-called negative deposit rate has rippled through European markets, reinforced by fear that the eurozone economy is in decline and by nervousness about war, not only in Ukraine but also in the Middle East. (nyti.ms/W8Auub)
* Halliburton Co, the company contracted by BP Plc to cement the ill-fated Macondo oil well in the Gulf of Mexico, has reached a $1.1 billion settlement with thousands of businesses, individuals and local governments that suffered losses from the 2010 Deepwater Horizon oil rig explosion, the company and plaintiffs announced on Tuesday. (nyti.ms/1q9xuKF)
* Dollar General Corp is willing to pay more to win the bidding war over Family Dollar Stores Inc. And its takeover effort could go hostile if Family Dollar does not begin sale negotiations. Dollar General offered on Tuesday to raise its bid for Family Dollar to $9.1 billion after the rejection of an earlier offer that would have beaten a rival $8.5 billion deal with Dollar Tree, agreed to in late July. (nyti.ms/1pGpH7Q)
* Online fantasy sports site FanDuel, one of the biggest homes for amateur general managers, disclosed on Tuesday that it had raised $70 million from investors led by Shamrock Capital Advisors, NBC Sports Ventures and Kohlberg Kravis Roberts & Co . Existing investors like Comcast Ventures, Pentech Ventures and Bullpen Capital also participated. (nyti.ms/1rj6yrJ)
* Compuware Corp has agreed to sell itself to the private equity firm Thoma Bravo for about $2.5 billion, finally bowing out after years under pressure from the activist hedge fund Elliott Management. (nyti.ms/1qZv4KL)
* Norwegian Cruise Line Holdings Ltd agreed on Tuesday to buy the privately held Prestige Cruises International for $3 billion in cash and stock, including the assumption of debt, to add higher-end trips to its fleet of offerings. (nyti.ms/1vLl0Me)
* Home Depot Inc said on Tuesday that it was investigating a report that customer credit and debit card data was stolen from its systems and put up for sale online. The retailer issued a statement after Brian Krebs, an independent security reporter, said that multiple banks had pointed to Home Depot as the potential source of a large data breach. The company said it was working with law enforcement authorities and banks on the matter. (nyti.ms/1vLmkyU)
* IEX Group Inc, the stock trading platform created to temper high-frequency traders' advantages and profiled in Michael Lewis's book "Flash Boys" has raised $75 million in a new round of financing. That money will help the start-up become a full-fledged stock market. (nyti.ms/1vLrAT1)
Canada
THE GLOBE AND MAIL
* A new report is questioning the merits of the Canada Pension Plan Investment Board's increasing use of "active" investments to boost returns. In a Fraser Institute report to be released Wednesday, former Statistics Canada chief economic analyst Philip Cross and Fraser Institute fellow Joel Emes express concern that these new investments come with much higher costs that should be more clearly explained. (bit.ly/1ul5OCD)
* Canada has reached a compromise with North Atlantic Treaty Organization allies in which member states will commit to trying to increase defence spending to 2 percent of their annual economic output, rather than embracing a hard target for boosting military expenditures. (bit.ly/1lyAY9d)
Reports in the business section:
* Allen Chan, the Hong Kong-based businessman at the centre of the Ontario Securities Commission's (OSC) fraud allegations against Sino-Forest Corp, maintains he has done nothing dishonest, his lawyer told a packed hearing room on Tuesday. Chan - the company's former chairman and chief executive - along with four other former Sino-Forest executives, face OSC allegations they committed fraud and misled investors in the company, which once had a market capitalization of C$6 billion and a listing on the Toronto Stock Exchange. (bit.ly/1qnD4J3)
NATIONAL POST
* With a 42 percent share of the voting public, John Tory has emerged as the clear front-runner in the Toronto mayoral race as Olivia Chow languishes in third place, according to the results of a new poll. The Nanos Research poll shows Chow has the support of only 26 percent of the electorate, just behind the 28 percent held by sitting Mayor Rob Ford. (bit.ly/1qatedN)
* Toronto mayoral candidate Olivia Chow will raise money for more student nutrition programs and bus service by increasing the land transfer tax for houses over C$2-million - a scheme she said is aimed at making taxes more progressive. (bit.ly/1Cp96cO)
FINANCIAL POST
* Propel Capital Corp, which brought eight funds to markets, raising about C$400 million from mostly retail clients, was acquired by Montreal-based Fiera Capital Corp. The publicly listed buyer will pay about C$12 million for the right to manage the funds. At C$12 million the purchase price - which will be paid mostly in cash but also in stock, works out to be about 3 percent of assets under management. (bit.ly/1sZ4FyS)
* Canada's broadcast regulator has approved an application for a broadcast license by an extreme sports specialty channel, EDGEsport headed by the former chief executive of media conglomerate CanWest Global Communications. (bit.ly/1nVCZrn)
China
SHANGHAI SECURITIES NEWS
- Shanghai plans to consolidate the city's media sector by merging Bestv New Media Co Ltd and Shanghai Oriental Pearl Group Ltd, while injecting other unlisted media assets into the combined, listed company.
- Sohu.Com Inc has forayed into Internet financing by setting up a platform that facilitates lending between individuals and small- and medium-sized companies.
- China Securities Regulatory Commission spokesman Deng Ke said the recent strength in the country's stockmarket reflects improvements in the environment, including a stabilising economy, ample liquidity, effects of capital market reforms and lowering financing costs.
SECURITIES TIMES
- China's anti-monopoly watchdog slapped fines worth 110 million yuan ($17.8 million) on 23 property insurers over price-fixing. The National Development and Reform Commission said 23 insurers in China's eastern Zhejiang province were found to have colluded on discounts on car insurance premiums during multiple meetings organised by the Zhejiang insurance association.
Britain
The Times
CITY LAWYERS FACE ARREST IN CRACKDOWN ON LAUNDERING
Britain's elite criminal agency is planning a crackdown on money laundering in the City of London that is expected to lead to the arrest of lawyers linked to the movement and washing of billions of pounds of criminal proceeds. (http://thetim.es/1nSdIyj)
FINANCIAL OMBUDSMAN DEALS WITH 5,000 PPI COMPLAINTS A WEEK
Complaints about payment protection insurance remained the biggest problem the Financial Ombudsman Service dealt with this year as it revealed it waded through 5,000 grievances a week. (http://thetim.es/1BahiMx)
The Guardian
SKILLS SHORTAGE FEARS TEMPER SURGE IN UK CONSTRUCTION
Britain's builders enjoyed the strongest growth for seven months in August but the surge in activity put further strain on already tight supplies of materials and skilled workers. (http://bit.ly/1tXktEM)
BETFAIR ATTACKS PIRC'S QUESTIONING OF ACCOUNTS
A row has broken out between the corporate governance adviser Pirc and the online betting company Betfair Group Plc , with the bookmaker accusing the former of "materially misrepresenting" facts. (http://bit.ly/1vKOObU)
The Telegraph
INDEPENDENT SCOTLAND COULD NOT KEEP POUND AND JOIN EU
Scotland must choose between independence and keeping the pound if it wants to be part of the European Union, Olli Rehn, a top European official has warned. (http://bit.ly/1nTVexu)
EMERGENCY MEASURES TO PREVENT BLACKOUTS THIS WINTER AS POWER CRUNCH WORSENS
Emergency measures to fire up mothballed power stations could be used to keep the lights on this winter, after a series of power plant fires and closures left Britain more vulnerable to blackouts. (http://bit.ly/1qxnauG)
Sky News
CBI CAMPAIGN AIMS TO RESTORE TRUST IN UK PLC
Britain's biggest employers' lobbying group is mounting an attempt to rebuild public confidence in business just months before a general election campaign that is likely to include pledges to tackle private sector misconduct. (http://bit.ly/W6d1K3)
UBER TAXIS BANNED FROM OPERATING IN GERMANY
The Uber ridesharing service has been banned from operating in Germany pending a court hearing on whether it meets transport safety laws. (http://bit.ly/1x7BKiu)
The Independent
COMPANIES FACE PROSECUTION IF THEY FAIL TO STOP ECONOMIC CRIME
Firms will face huge fines for failure to report economic crime, under measures being considered by the government, the coalition's top legal officer said today. (http://ind.pn/1w2vlRf)
ROYAL MAIL TO TRIAL SUNDAY DELIVERIES THIS WEEKEND
The Royal Mail Plc is to implement a pilot scheme of Sunday deliveries and office openings this weekend with customers in London and surrounding towns set to receive packages through their doors. (http://ind.pn/1pkNN1O)
Fly On The Wall Pre-Market Buzz
ECONOMIC REPORTS
Domestic economic reports scheduled for today include:
ISM New York PMI for August at 9:45
Factory orders for July at 10:00--consensus up 10.9%
Beige Book to be released at 14:00
ANALYST RESEARCH
Upgrades
ABB (ABB) upgraded to Buy from Neutral at BofA/Merrill
Aviat Networks (AVNW) upgraded to Buy from Hold at Needham
Boulder Brands (BDBD) upgraded to Buy from Neutral at Longbow
CRH Plc. (CRH) upgraded to Neutral from Underweight at HSBC
Cinemark (CNK) upgraded to Buy from Hold at Stifel
PharMerica (PMC) upgraded to Outperform from Market Perform at Cowen
Quest Diagnostics (DGX) upgraded to Conviction Buy from Buy at Goldman
Downgrades
ASM International (ASMI) downgraded to Neutral from Overweight at JPMorgan
Alere (ALR) downgraded to Sell from Neutral at Goldman
American Tower (AMT) downgraded to Equal Weight from Overweight at Morgan Stanley
C.H. Robinson (CHRW) downgraded to Hold from Buy at Stifel
Concur (CNQR) downgraded to Neutral from Outperform at RW Baird
Echo Global (ECHO) downgraded to Sell from Hold at Stifel
Frontier downgraded to Underweight from Equal Weight at Morgan Stanley
Stericycle (SRCL) downgraded to Neutral from Buy at Goldman
Initiations
Advanced Drainage (WMS) initiated with a Buy at Deutsche Bank
Advanced Drainage (WMS) initiated with an Outperform at RBC Capital
Advanced Drainage (WMS) initiated with an Overweight at Barclays
Ally Financial (ALLY) initiated with a Buy at Drexel Hamilton
AmSurg (AMSG) initiated with a Neutral at Goldman
Ambarella (AMBA) initiated with an Outperform at Imperial Capital
Genco Shipping (GSKNF) initiated with a Buy at Jefferies
Hersha Hospitality (HT) initiated with a Sector Perform at RBC Capital
Knightsbridge Tankers (VLCCF) initiated with a Buy at Jefferies
Mood Media (FDMCF) initiated with an Outperform at Imperial Capital
Orion Engineered Carbons (OEC) initiated with a Buy at KeyBanc
Scorpio Bulkers (SALT) initiated with a Buy at Jefferies
Square 1 Financial (SQBK) initiated with a Buy at SunTrust
Star Bulk Carriers (SBLK) initiated with a Buy at Jefferies
COMPANY NEWS
Apple (AAPL) said no breach in iCloud or Find my iPhone. The company said "Certain celebrity accounts were compromised by a very targeted attack on user names, passwords and security questions, a practice that has become all too common on the Internet. None of the cases we have investigated has resulted from any breach in any of Apple’s systems including iCloud or Find my iPhone"
Netflix (NFLX) announced that Gotham to be released exclusively on Netflix
CVS (CVS) to change name to CVS Health, end tobacco sales early
Wet Seal (WTSL) said CEO John Goodman leaves company, Edmond Thomas named as CEO
KKR (KKR) sold its stake in Versatel to United Internet for EUR 1.25B
Tetraphase (TTPH) announced positive data from lead-in portion of its IGNITE 2 clinical trial
Flextronics (FLEX) received shareholder approval to purchase up to 20% of its outstanding shares
EARNINGS
Companies that beat consensus earnings expectations last night and today include:
Toll Brothers (TOL), Guidewire (GWRE), eGain (EGAN), Vince Holding (VNCE), Box Ships (TEU)
Companies that missed consensus earnings expectations include:
Paragon Shipping (PRGN), Aviat Networks (AVNW)
Office Depot (ODP) backs FY14 sales to be lower than FY13 combined pro forma sales
Guidewire (GWRE) sees Q1 non-GAAP EPS 1c-5c, consensus 0c, sees FY15 EPS 35c-45c, consensus 55c. Sees Q1 revenue $71.5M-$ 78.5M, consensus $74.8M, sees FY15 revenue $364.2M-$381.9M, consensus $386.2M
PepsiCo (PEP) backs FY14 constant currency EPS growth guidance of 8%
NEWSPAPERS/WEBSITES
Concur (CNQR) explores sale, talks to SAP (SAP) and Oracle (ORCL), Bloomberg says
FBI hasn't found evidence JPMorgan (JPM) hack hit other big banks, WSJ reports
JPMorgan (JPM) in talks to sell oil-supply agreement to Bank of America (BAC), WSJ says
EBay (EBAY) hiring settlement with DOJ approved by judge, Reuters reports
Time Warner's (TWX) Warner Bros. studio said to plan buyout offers to boost profit, Bloomberg reports
Novartis (NVS) heart drug LCZ696 could drive shares to new highs, Barron's says
SYNDICATE
AerCap (AER) files to sell 29.85M ordinary shares for holders
CDW (CDW) commences public offering of 15M shares for holders
Capital Product (CPLP) announces offering of 15M common units
Ellington Financial (EFC) announces public offering of 8M common shares
GrubHub (GRUB) announces proposed follow-on offering of 10.03M shares
Martin Midstream Partners (MMLP) files to sell 6.26M common units for holders
Voya Financial (VOYA) announces secondary offering of 30M shares by ING
Average:
0
Your rating: None
Pre Market Movers
Top Gaining Stocks
Price %Change
INFI Infinity Pharmace... 15.99 46.43%
ISNS Image Sensing Sys... 8.29 24.29%
RUSL Direxion Daily Ru... 15.49 12.33%
CNQR Concur Technologi... 112.13 11.07%
VII Vicon Industries ... 4.70 10.85%
YINN Direxion Daily Ft... 38.00 10.37%
IDN Intellicheck Mobi... 6.25 7.76%
BSI Alon Blue Square ... 3.16 6.04%
MNTA Momenta Pharmaceu... 12.57 5.45%
TLOG Tetralogic Pharma... 4.68 5.17%
ACHN Achillion Pharmac... 12.88 4.97%
EDC Direxion Daily Em... 36.07 4.89%
CHL China Mobile Limi... 65.06 4.28%
RSX Market Vectors\u0... 24.55 4.07%
TASR Taser Internation... 18.24 3.99%
NAV Navistar Internat... 39.97 3.85%
MVIS Microvision Inc. ... 2.25 3.69%
FXI ishares Ftse/xinh... 42.06 3.32%
YNDX Yandex N.v. 29.99 3.20%
CBI Chicago Bridge & ... 64.85 3.18%
Top Losing Stocks
Price %Change
RUSS Direxion Daily Ru... 11.75 -12.44%
ATRO Astronics Corp. 56.45 -12.14%
LAZ Lazard 49.17 -10.08%
YANG Direxion Daily Ft... 12.93 -9.58%
HELE Helen of Troy Lim... 54.24 -8.30%
DGLY Digital Ally Inc.... 30.80 -7.81%
GWRE Guidewire Softwar... 42.90 -6.37%
CPLP Capital Product P... 10.30 -6.02%
ZIOP Ziopharm Oncology... 2.85 -5.00%
EDZ Direxion Daily Em... 26.62 -4.62%
TKMR Tekmira Pharmaceu... 19.30 -4.08%
ICPT Intercept Pharmac... 276.11 -3.82%
EFC Ellington Financi... 23.67 -3.78%
AER Aercap Holdings N... 47.35 -3.70%
EVGN Evogene Ltd 12.55 -3.46%
CDW Cdw Corp 32.25 -2.69%
TZA Direxion Daily Sm... 13.69 -2.42%
ECHO Echo Global Logis... 25.89 -1.97%
JRJC China Finance Onl... 8.74 -1.80%
JNUG Direxion Daily Jr... 21.52 -1.60%
Read more at http://thestockmarketwatch.com/markets/pre-market/#WR4lGJLh3rJDGRtT.99
data:
Motor Vehicle Sales[djStar]
MBA Purchase Applications
[Report][Bullet7:00 AM ET
ICSC-Goldman Store Sales
[Report][Bullet7:45 AM ET
ADP Employment Report
[Report][djStar]8:15 AM ET
Gallup U.S. Job Creation Index
[Bullet8:30 AM ET
Redbook
[Bullet8:55 AM ET
Factory Orders
[Report][djStar]10:00 AM ET
4-Week Bill Auction
[Bullet11:30 AM ET
Beige Book
[djStar]2:00 PM ET
futures +54