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Natural Gas futures decline further as inventory shows a less than expected draw http://seekingalpha.com/news/2329786-natural-gas-futures-decline-further-as-inventory-shows-a-less-than-expected-draw?source=feed_f … $UNG $DGAZ $UGAZ $BOIL
$TWTR ramp
$TSLA - Apple intends to make a strategic investment in Tesla, 21SO reports
$FB ramp
FHFA House Price Index
Released On 2/26/2015 9:00:00 AM For Dec, 2014
Prior Consensus Consensus Range Actual
M/M change 0.8 % 0.5 % 0.4 % to 1.0 % 0.8 %
Recent History Of This Indicator
The FHFA purchase only house price index gained 0.8 percent in November, following a 0.4 percent rise the month before. Market expectations were for a 0.3 percent increase for November. The year-ago rate posted at 5.3 percent from 4.4 percent in October.
The FHFA Home Price Index captures price data for an important segment of the housing market - home purchases with mortgages financed or bundled by federal housing agencies. However, this HPI does not cover high end housing.
Data Source: Haver Analytics
Jobless Claims
Released On 2/26/2015 8:30:00 AM For wk2/21, 2015
Prior Prior Revised Consensus Consensus Range Actual
New Claims - Level 283 K 282 K 290 K 279 K to 300 K 313 K
4-week Moving Average - Level 283.25 K 283.00 K 294.50 K
New Claims - Change -21 K -22 K 31 K
Highlights
Initial jobless claims surged unexpectedly in the February 21 week, up 31,000 to a 313,000 level that is far outside the Econoday consensus (279,000 to 300,000). The 4-week average is up 11,500 to 294,500 but is still more than 10,000 below a month ago in a comparison that, despite the latest week's surge, still points to improvement for the labor market.
Data on continuing claims, which are reported with a 1-week lag, are mixed. Continuing claims for the February 14 week fell 21,000 to 2.401 million but the 4-week average rose 2,000 to 2.399 million. The unemployment rate for insured workers is unchanged at a recovery low of 1.8 percent.
The impact of the disappointment for initial claims is likely to be mitigated by a couple of factors: the February 21 week was a week shortened by Presidents' Day, a factor that makes for outsized adjustments to the data, and the prior week, the February 14 week, not the latest week, was the sample week for the monthly employment report.
Weekly series fluctuate more dramatically than monthly series even when the series are adjusted for seasonal variation. The 4-week moving average gives a better perspective on the underlying trend.
Data Source: Haver Analytics
Durable Goods Orders
Released On 2/26/2015 8:30:00 AM For Jan, 2015
Prior Prior Revised Consensus Consensus Range Actual
New Orders - M/M change -3.4 % -3.7 % 2.0 % -2.1 % to 4.0 % 2.8 %
Ex-transportation - M/M -0.8 % -0.9 % 0.7 % -0.5 % to 1.1 % 0.3 %
Highlights
Durables orders rebounded 2.8 percent in January after dropping 3.7 percent in December. Market expectations were for a 2.0 percent rebound.
Excluding transportation, the core edge up 0.3 percent after slipping 0.9 percent in December. The median market forecast called for a 0.7 percent gain in January. Transportation rebounded 9.1 percent, following a monthly plunge of 10.1 percent the prior month.
Monthly fluctuations in durable goods orders are frequent and large and skew the underlying trend in the data. In fact, even the yearly change must be viewed carefully because of the volatility in this series.
Data Source: Haver Analytics
Consumer Price Index
Released On 2/26/2015 8:30:00 AM For Jan, 2015
Prior Prior Revised Consensus Consensus Range Actual
CPI - M/M change -0.4 % -0.3 % -0.6 % -0.8 % to -0.2 % -0.7 %
CPI less food & energy- M/M change 0.0 % 0.1 % 0.1 % 0.1 % to 0.2 % 0.2 %
Highlights
The negative trend at the headline level continues-thanks to the drop in energy. Overall consumer price inflation fell sharp 0.7 after declining 0.3 percent in December. The January number was slightly below the consensus figure of down 0.6 percent. Energy plunged 9.7 percent after dropping 4.7 percent in December. Gasoline plummeted 18.7 percent, following a 9.2 percent fall in December. Food posted at unchanged, following a rise of 0.2 percent in the previous month. Excluding food and energy, consumer price inflation firmed to a 0.2 percent after a modest 0.1 percent rise December. Analysts forecast a 0.1 percent gain.
The shelter index rose 0.3 percent, and the indexes for personal care, for apparel, and for recreation increased as well. The medical care index was unchanged, while an array of indexes declined in January, including those for household furnishings and operations, alcoholic beverages, new vehicles, used cars and trucks, airline fares, and tobacco.
The January report-with the energy based drop at the headline level-fits into Fed chair Janet Yellen description of headline inflation as transitory. But for now, the consumer is gaining more discretionary income and businesses with lower costs.
It is always a good idea to look at more than a few months of data to get a sense of changes in established trends. Monthly changes in the CPI are mainly volatile because of sharp fluctuations in food and energy prices. The core CPI eliminates the sharper fluctuations.
Data Source: Haver Analytics
Yearly changes tend to smooth out more severe monthly fluctuations and give a better idea of the underlying rate of inflation. Even with the smoother trend, note that the core CPI does not fluctuate as much as the total CPI.
Data Source: Haver Analytics
FHFA house price index +0.8% in December, biggest gain in a year and above consensus +0.5%
Amgen's IV drug candidate for SHPT in CKD patients on dialysis non-inferior to Sensipar in Phase 3 trial http://t.co/ld2Hu4eV7v $AMGN
earnings: Today after the close look for the following companies to report:
STLY, BMRN, FOE, KAI, ARI, CHMT, FARO, AEGN, ANIK, BLDP, CEMP, CHDN, CSGP, CWT, ESRT, ESV, LGCY, MMLP, PGTI, PVA, RGR, WLL, EHTH, ELGX, GMED, MELI, STAA, SYNC, EPAM, RLJ, AMSG, OAS, WPX, AR, AREX, AWR, BWC, CXO, DRYS, GPOR, IL, KW, LHCG, MCHX, ORIG, QLTY, SBY, TEG, TTEC, WMGI, WR, AGO, CLVS, DXCM, EAC, GXP, MDVN, NVDQ, SFM, RIG, RIGP, AAOI, CLUB, HK, PLKI, PRSS, CRM, LB, WDAY, AVGO
Tomorrow before the open look for the following companies to report:
HAWK, VAC, CRI, CWEI, LTM, WMAR, MGLN, EME, ICON, TWI, MRGE, ACIW, BIN, CNNX, CNSL, CTRX, FCH, FIG, HEES, IQNT, IRDM, ITC, LKQ, MDXG, ORN, SERV, SNAK, TASR, VICL, BUD, NTLS, SNH, ARCC, CCG, EXH, EXLP, HSNI, NTi, RHP, SRE, TICC, WNR, WNRL, ANSS, CNP, OGE, ACTA, AES, AKRX, AMCX, BDBD, GCAP, HMHC, HSC, IPCC, KOP, LPI, MITL, NSM, NXTM, ONE, SFY, SNMX, SRPT, VC, WAC, ZEUS, NXST, STAY, DDD, GOGO, SEAS, KSS, CYBX, MBLY, FRO, AMWD, CHS, SDRL, XCRA, SHLD, TD, STOR, HSGX
$BBRY $GOOG
First sub-13 VIX print of the year.
Senate Democrats agree to GOP plan for DHS funding without immigration measures , AP reports. • http://cnb.cx/1LI1sxP
Zozo - Thursday earnings Pre Market - BUD, TD, KSS, AES, CTRX, SRE, WNR, VC, CNP, LKQ, EME, SDRL, HSNI, MGLN, NTI, EXH, HAWK, CHS, AMCX, BIN, SERV, VAC, NSM, OGE, HSC, TWI, KOP, SEAS, DDD, GOGO
Zozo - Some earnings after Wednesday's close
AEGN, AGO, AMSG, ANIK, AR, AREX, ARI, AVGO, AWR, BLDP, BMRN, BWC, CEMP, CHDN, CHMT, CLUB, CLVS, CRM, CSGP, CWT, CXO, DRYS, DXCM, EAC, EHTH, ELGX, EPAM, ESRT, ESV, FARO, FOE, GMED, GPOR, GXP, HK, IL, KW, LB, LGCY, LHCG, MCHX, MDVN, MELI, MMLP, OAS, ORIG, PGTI, PLKI, PRSS, PVA, RGR, RIG, RIGP, SBY, SFM, STAA, SYNC, TEG, TTEC, WDAY, WLL, WMGI, WPX, WR
$LL sinking fast. Lumber Liquidators $LL say the US Department of Justice is considering bringing charges against them under the Lacey Act #stocks
DOE: US Crude Oil Stocks +8.427M Bbl In Wk; Seen +4.7M Bbl
US | New Home Sales for JAN: 481K (Cons: 470K, Prev: 482K (R))
First Solar +3.7%; BofA, Northland upgrade after earnings http://seekingalpha.com/news/2324416-first-solar-plus-3_7-percent-bofa-northland-upgrade-after-earnings?source=feed_f … $FSLR
your choice...as always.
U? lol
DJ $TJX to Boost Pay for U.S. Employees to $9 an Hour by June--Update
$TJX plans to significantly increase regular quarterly dividend and share buyback program ($1.8-1.9B repurchases in FY16)
Lowe's Q4 EPS of 46c beats by 2c. Revenue of $12.5B beats by $200m. SSS +7.3%. http://twitthat.com/YEE5v $LOW
The Dow, so far, has a Feb gain of 1,044 points. It'll be the biggest monthly point gain in history if it holds.
(via @peterschack) @CNBC
$TGT Target reports stronger than expected quarter, better than updated guidance from January.
Hewlett-Packard Reports Q1 EPS $0.92 Vs Est $0.91, Sales $26.8B Vs Est $27.35B $HPQ
$FSLR First Solar Reports Q4 GAAP EPS $1.89 May Not Compare to $0.76 Est., Sales $1.01B vs $1.28B Est
$FSLR up 15% earnings after the bell.
Fed Chair Yellen: No rate hike for next few FOMC meetings » http://cnb.cx/1w7uxKd
Consumer Confidence tumbles to 96.4, Exp. 99.5, Last 103.8
S&P Case-Shiller HPI
Released On 2/24/2015 9:00:00 AM For Dec, 2014
Prior Prior Revised Consensus Consensus Range Actual
20-city, SA - M/M 0.7 % 0.8 % 0.5 % 0.4 % to 0.8 % 0.9 %
20-city, NSA - M/M -0.2 % -0.2 % -0.1 % -0.3 % to 0.0 % 0.1 %
20-city, NSA - Yr/Yr 4.3 % 4.3 % 4.2 % 4.1 % to 4.5 % 4.5 %
Highlights
Sales of existing homes may be slow but price traction is appearing, at least it did in December as Case-Shiller's adjusted 20-city index shows a sharp month-on-month gain of 0.9 percent. This is the strongest monthly gain since March last year. Year-on-year growth, which had been slowing from the low double digits this time last year, is now leveling, at plus 4.5 percent vs November's 4.3 percent which is the first gain for this reading since way back in November 2013.
Unadjusted data, which are tracked closely in this report, tell the same story with the year-on-year rates exactly the same as the adjusted data, at 4.5 percent for December and 4.3 percent for November. The month-to-month rate, where adjustments have the largest effect, came in at plus 0.1 percent, much lower than the adjusted rate and reflecting the relative weakness of the housing market during the winter months. Note that strong adjustment effects are at play in housing data this time of year, a fact that does cloud the adjusted readings.
This report along with the FHFA report trended higher going into year-end, perhaps offering some explanation for the January spike in consumer confidence. But higher prices never did correlate with stronger sales as existing home sales late last year were no better than flat. And price data in yesterday's existing home sales report, which unlike Case-Shiller are not based on repeat transactions for individual homes, nevertheless do point to the risk of a downdraft for prices in January. The FHFA report for January will be posted Thursday morning at 9:00 a.m. ET.
The Case-Shiller Home Price Index is based on repeat transactions. That is, appreciation or depreciation is for same houses resold. This index is probably the best measure of changes in home prices. While it covers the gamut of types of houses sold, it is limited to metropolitan areas.
Data Source: Haver Analytics
Facebook reports 2m active advertisers, up from 1.5m in July 2014. http://for.tn/1zcHXET $FB
Markit Flash U.S. Composite PMI Output Index at 56.8 in Feb, up from 54.4 in Jan and highest since Oct'14 http://ow.ly/JA1mV
Sweet
Tuesday earnings: Pre Market - HD, CMCSA, M, BMO, ODP, ECL, SAH, VRX, FDML, EXPD, WIN, RLGY, WLK, CEQP, AMT, VAL, TOL, CMLP, CBRL, PF, PLL, SAFM, DPZ, SPWR, WEN, UTHR
Some earnings after Monday’s close
AGU, ATRC, AXTI, CHGG, DEPO, DK, EIGI, ESRX, FIVN, IVR, KAMN, LNT, NLS, OHI, OKE, OKS, PDLI, QUAD, ROSE, RWT, SF, SNHY, SSW, THC, TRAK, TXRH
patiently holding.