is trading.....maybe!!
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TRADER RADAR FOR WEEK OF 2/24 to 2/28 Economic and Earnings
Monday, February 24
US Economics (Time Zone: EST)
08:30 Chicago Fed National Activity Index – expected -0.20, prior 0.16
10:30 Dallas Fed – exp 3.0, prior 3.8
11:00 Fed to purchase $2.5b-$3b bonds in 5 to 7-year range
11:30 Treasury selling $50b 3-month, $25b 6-month bills
Global Economics (Time Zone: GMT)
01:30 CNY January Property Prices
09:00 EUR German IFO Expectations, Current Assessment
10:00 EUR Eurozone CPI (Jan final estimate)
Earnings
Before:
Palo Alto Networks (PANW)
After:
Frontier Communications (FTR)
GT Advanced Tech (GTAT)
Allied Nevada Gold (ANV)
EOG Resources (EOG)
Stifel Financial (SF)
Vivus (VVUS)
Solarcity (SCTY)
Tuesday, February 25
US Economics (Time Zone: EST)
09:00 Home Price Index (Dec) – expected 0.3%, prior 0.1%
09:00 Home Price Purchase Index QoQ (4Q) – exp 1.00%, prior 1.96%
09:00 S&P/Case Shiller 20 City MoM – exp 0.60%, prior 0.88%
09:00 S&P/CS YoY – exp 13.38%, prior 13.71%
10:00 Conference Board Consumer Confidence Index – exp 80.0, prior 80.7
10:00 Richmond Fed – exp 2, prior 12
11:00 Fed to purchase $2.25b-$2.75b notes in 7 to 10-year range
11:30 Treasury selling 4-week bills
1:00 Treasury selling $32b 2-year notes
Global Economics (Time Zone: GMT)
02:00 CNY Conference Board Leading Index
05:00 JPY Small Business Confidence
07:00 EUR German GDP (4Q final)
09:30 GBP BBA Loans for Home Purchases
Earnings
Before:
Home Depot (HD)
Toll Brothers (TOL)
HollyFrontier (HFC)
American Tower Corp (AMT)
T-Mobile (TMUS)
After:
Range Resources (RRC)
First Solar (FSLR)
Questcor Pharma (QCOR)
Annaly Capital (NLY)
Macy's (M)
Office Depot (ODP)
Wednesday, February 26
US Economics (Time Zone: EST)
07:00 MBA Mortgage Applications
10:00 New Home Sales – expected 400K, prior 414K
11:00 Fed buying $1b-$1.25b notes in 23 to 30-year range
1:00 Treasury selling $13b 2-year FRN (1st reopening), $35b 5-year notes
Fedspeak
12:00 p.m. Rosengren (dove, nonvoter) speaks in Boston
7:30 p.m. Pianalto (hawk, nonvoter) speaks in Ohio
Global Economics (Time Zone: GMT)
07:00 EUR German GfK Consumer Confidence
09:30 GBP GDP (4Q preliminary)
10:30 Germany selling EU3b 32-year bonds
Earnings
Before:
Target (TGT)
Lowe's (LOW)
Cablevision (CVC)
Barnes & Noble (BKS)
Chesapeake Energy (CHK)
Abercrombie & Fitch (ANF)
After:
JC Penney (JCP)
L Brands (LB)
Autodesk (ADSK)
Gulfport Energy (GPOR)
Continental Resources (CLR)
Infoblox (BLOX)
Workday (WDAY)
Dollar Tree (DLTR)
Thursday, February 27
US Economics (Time Zone: EST)
08:30 Initial Jobless Claims – expected 335K, prior 336K
08:30 Continuing Claims – exp 2995K, prior 2981K
08:30 Durable Goods Orders – exp -1.5%, prior -4.3%
08:30 Durable Goods ex-Transports – exp -0.3%, prior -1.6%
08:30 Cap Goods Orders Nondef Ex Air – exp -0.2%, prior -1.3%
11:00 Kansas City Fed – exp 2, prior 5
11:00 Fed buying $3.5b-$4.25b bonds in 4.25 to 4.75-year range
1:00 Treasury selling $29b 7-year notes
Fedspeak
10:30 a.m. Fisher (super hawk, voter) speaks in Frankfurt
3:15 p.m. Lockhart (dove, nonvoter) and George (hawk, nonvoter) speak in Atlanta
Global Economics (Time Zone: GMT)
JPY Japanese Investors Purchases of Foreign Bonds/Stocks
06:45 CHF GDP (4Q)
08:55 EUR German Employment Change (Feb)
10:00 EUR Eurozone Consumer Confidence
13:00 EUR German CPI (Feb preliminary)
7:00 BoJ's Sato speaks
18:30 Draghi speaks in Frankfurt
Earnings
Before:
Ocwen Financial (OCN)
Walter Investment Manager (WAC)
Fortress Investment Group (FIG)
Sears Holding (SHLD)
Nationstar Mortgage (NSM)
Hilton Worldwide Holdings (HLT)
Best Buy (BBY)
After:
Gap (GPS)
Ross Stores (ROST)
Monster Beverage (MNST)
Kodiak Oil & Gas (KOG)
Salesforce.com (CRM)
Medivation (MDVN)
Arena Pharma (ARNA)
Linn Energy (LINE)
Clean Energy Fuels (CLNE)
Splunk (SPLK)
Kohl's (KSS)
Deckers Outdoor (DECK)
Friday, February 28
US Economics (Time Zone: EST)
08:30 GDP Annualized QoQ (4Q 2nd estimate) – expected 2.6%, prior 3.2%
08:30 Personal Consumption – exp 2.9%, prior 3.3%
08:30 GDP Price Index – exp 1.3%, prior 1.3%
08:30 Core PCE QoQ – exp 1.1%, prior 1.1%
09:00 ISM Milwaukee – exp 51.00, prior 52.82
09:45 Chicago PMI – exp 56.4, prior 59.6
09:55 University of Michigan Consumer Confidence (final estimate) – exp 81.2, initial 81.2
10:00 Pending Home Sales MoM – exp 1.8%, prior -8.7%
10:00 Pending Home Sales YoY – exp -11.6%, prior -6.1%
11:00 Fed buying $1b-$1.25b bonds in 23 to 30-year range
Fedspeak
5:00 a.m. Fisher (super hawk, voter) speaks in Zurich
10:15 a.m. Stein, Kocherlakota, Evans, and Plosser speak in NY
Global Economics (Time Zone: GMT)
JPY Jobless Rate (Jan)
JPY CPI (Jan)
JPY Nomura/JMMA Manufacturing PMI (Feb)
JPY Industrial Production (Jan preliminary)
JPY Retail Sales (Jan)
05:00 JPY Housing Starts
07:00 EUR German Retail Sales
10:00 EUR Eurozone Unemployment Rate
10:00 EUR Eurozone Feb CPI Estimate
13:30 CAD GDP (4Q)
Earnings
Before:
Iron Mountain (IRM)
Newcastle Investment (NCT)
Southwestern Energy (SWN)
3D Systems (DDD)
Liberty Media (LMCA)
EARNINGS for Week of 2/24 to 2/28
Monday:
Pre Market - AWI
After Hours - OKE, THC, OKS, LYV, FTR, TPC, VNO, ZU, SCTY, VVUS
Tuesday:
Pre Market - HD, M, TMUS, HFC, ODP, BMO, FE, EOG, VC, EME, EXPD, SDRL, RLGY, BLMN, AMT, LNT, CBRL, SAFM, DPZ
After Hours - WFT, VLRS, CBI, RRD, EIX, SPN, FSLR, QEP, AVGO, AMC, NFX, NLY, PEGA,
Wednesday:
Pre Market - TGT, LOW, BUD, TJX, RY, AES, CHK, DLTR, BKS, CVC, SUSS, ANF, TDS, SUSP, CNP, USM, CLH, SODA,
After Hours - LB, JCP, RIG, DK, ANW, BIDU, QUAD, TEG, RNDY, ADSK, WDAY, NDLS, TIVO,
Thursday:
Pre Market - BBY, TD, KSS, CTRX, SRE, WNR, CORE, HLT, VRX, MYL, HII, WIN, LKQ, YRCW, NTI, CQB, WPX, PLL, WEN, CWH,
After Hours - GPS, ROST, UHS, KBR, CRM, MTZ, ATLS, DECK, SWN, SFM, BIO, MNST, BID,
Friday:
Pre Market - NRG, XLS, POM, NIHD, IRM, ENDP, PRIM
hi BUBBA...enjoying this nice weather we're having?!!
but was very windy yesterday = mountain cedar allergies!
hi dot....
thank you for saying that...
it's a mixture of things on how my strategy has evolved...
I will send you a note later today....
PCLN +$29
both weekly + monthly Feb options expire today
morning....
Pre Market Movers
Top Gaining Stocks
Price %Change
MVIS Microvision Inc. ... 2.98 11.61%
FUEL Rocket Fuel Inc 56.93 7.88%
ARUN Aruba Networks In... 22.50 6.74%
IOC Interoil 58.40 5.89%
PCYC Pharmacyclics Inc... 149.80 4.99%
WEN Wendys Internatio... 10.30 4.89%
ARWR Arrowhead Researc... 22.88 4.47%
JNPR Juniper Networks ... 28.58 4.27%
QLIK Qlik Technologies... 29.08 4.15%
JCP J.c. Penney Co. I... 5.87 3.89%
WBMD Webmd Health Corp... 52.40 3.37%
CTIC Cell Therapeutics... 3.53 3.22%
LIVE Livedeal Inc. 9.63 2.99%
AEG Aegon N.v. Ads 8.98 2.86%
SSTK Shutterstock Inc ... 84.66 2.67%
LULU lululemon athleti... 52.50 2.66%
CONN Conn\'s Inc. 32.70 2.54%
TCS The Container Sto... 36.50 2.38%
UNG United States Nat... 27.41 2.31%
XIN Xinyuan Real Esta... 4.98 2.26%
Top Losing Stocks
Price %Change
FLTX Fleetmatics Group... 30.90 -22.65%
GRPN Groupon Inc. 8.77 -14.68%
ESI Itt Educational S... 29.83 -8.58%
CENX Century Aluminum ... 11.51 -5.35%
GKNT Geeknet Inc 16.50 -4.35%
IHG Intercontinental ... 32.31 -2.36%
JDST Direxion Daily Ju... 17.51 -1.90%
NEM Newmont Mining Co... 24.00 -1.88%
PHG Koninklijke Phili... 34.41 -1.88%
NBG National Bank of ... 4.70 -1.67%
INVN Invensense Inc 19.93 -1.63%
HMY Harmony Gold Mini... 3.28 -1.50%
GM General Motors 36.00 -1.40%
VZ Verizon Communica... 47.46 -1.37%
FRX Forest Laboratori... 96.00 -1.34%
PUK Prudential Plc Ad... 44.69 -1.30%
AMGN Amgen Inc 122.00 -1.21%
AU Anglogold Ashanti... 17.70 -1.17%
UDNT Powershares DB 3x... 17.40 -1.02%
GFI Gold Fields Ltd. ... 3.92 -1.01%
Read more at http://thestockmarketwatch.com/markets/pre-market/#FR2ULE0RtLhLm7Oe.99
data:
Existing Home Sales<<<<<< TSLA
[Report][Star]10:00 AM ET
James Bullard Speaks
1:10 PM ET
Richard Fisher Speaks
1:45 PM ET
Futures +32
just dropped off Alex for her 4th grade field trip to Austin!
omg
when did she get so big??!!
good morning
$ARUN ~ Reports Q2 (Jan) earnings of $0.18 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus Estimate of $0.17; revenues rose 13.5% year/year to $176.4 mln vs the $167.6 mln consensus.
Aruba Networks announces additional $200 mln share repurchase authorization
books closed, money transfered, ibox updated...
off tomorrow...
and here's the YTD trade detail fwiw:
Trade Detail
Jan
GOGO $700
GOGO $967
SLB $1,258
WLT ($286)
SLB $748
GOGO $1,852
WUBA $2,008
WUBA $426
GOGO $3,308
GOGO $271
WUBA $1,082
GOGO $3,649
Feb
GOGO $1,556
WUBA $1,598
ARUN $433
RAX $225
ARUN $1,388
TRLA $1,659
TRLA $1,319
she really is....and is amazed at all the stuff going on in the trading world...the reports, the press, the fed, who says 'boo', good news might = bad.....you know!
and we've been giggling, talking, laughing as well...
been fun...
my friend has made $1,100 or 11% for the month of Feb so far....
pretty neat...
$TRLA ~ +$1,659...
greed is a bad thing...
bought yesterday and didn't sell at $31 because I wanted more
it hit $31.36 today, but I sold 1/2 early because of the difficulty at $31
then didn't take the 31.30 because I wanted more to make up for selling 1/2 too soon...
then took 31.20
will try to be smarter....
and my pal made $225....
Frontrunning:
Facebook CEO Raises Dealmaker Profile With $19 Billion Takeover (BBG)
WhatsApp’s Founder Goes From Food Stamps to Billionaire (BBG)
U.S. Feels Putin's Sharp Elbows in Ukraine (WSJ)
PBOC Drains Cash as Overnight Rate Slides to Lowest in 10 Months (BBG)
Fed Puts Rate Increase on the Radar (Hilsenrath)
Banks Flouting Bonus Rules in Denmark Set to Be Named by FSA (BBG)
Work Set to Resume on Upgrading Panama Canal (WSJ)
Euro-Area Recovery Loses Pace as Manufacturing Weakens (BBG) - uh, what recovery?
Ukraine Exposes EU Policy Disarray (WSJ)
Diamonds and deals as Danone struggles for China bounce (Reuters)
Singapore’s Soaring Land Prices ‘Suicidal’ for Developers (BBG)
Overnight Media Digest
WSJ
* The frenzy to acquire fast-growing technology startups reached new heights on Wednesday as Facebook Inc announced its largest acquisition ever, saying it would pay at least $16 billion for WhatsApp, a text messaging application with 450 million users around the world who pay little or no money for it.
* When Federal Reserve officials last met at the end of January, they were surprised by the strength of the economy, cheered by the optimism of consumers and convinced they should continue to dismantle the Fed's economic stimulus campaign, according to an account the Fed released Wednesday.
* In a surprising move, Gap Inc informed its employees on Wednesday that it would set $9 as the minimum hourly rate for its United States work force this year and then establish a minimum of $10 next year.
* Regulators are taking another crack at their effort to keep the web free and open, introducing new rules that would discourage Internet service providers from charging companies to stream their movies, music and other content through a faster express lane.
* Brian Moynihan, the chief executive of Bank of America , received about $12.5 million in restricted stock grants for 2013, according to a regulatory filing.
* Shares of Safeway Inc surged in after-market trading on Wednesday after the supermarket chain disclosed that it was "in discussions concerning a possible transaction involving the sale of the company."
* Tyler and Cameron Winklevoss, famous for their legal battle with the Facebook founder Mark Zuckerberg, have created a financial index that provides a regularly updated figure for the price of Bitcoin.
* A Brookings Institution study found that income inequality was sharply higher in vibrant cities like New York than in less-dynamic ones like Columbus, Ohio.
NYT
* The frenzy to acquire fast-growing technology startups reached new heights on Wednesday as Facebook Inc announced its largest acquisition ever, saying it would pay at least $16 billion for WhatsApp, a text messaging application with 450 million users around the world who pay little or no money for it.
* When Federal Reserve officials last met at the end of January, they were surprised by the strength of the economy, cheered by the optimism of consumers and convinced they should continue to dismantle the Fed's economic stimulus campaign, according to an account the Fed released Wednesday.
* In a surprising move, Gap Inc informed its employees on Wednesday that it would set $9 as the minimum hourly rate for its United States work force this year and then establish a minimum of $10 next year.
* Regulators are taking another crack at their effort to keep the web free and open, introducing new rules that would discourage Internet service providers from charging companies to stream their movies, music and other content through a faster express lane.
* Brian Moynihan, the chief executive of Bank of America , received about $12.5 million in restricted stock grants for 2013, according to a regulatory filing.
* Shares of Safeway Inc surged in after-market trading on Wednesday after the supermarket chain disclosed that it was "in discussions concerning a possible transaction involving the sale of the company."
* Tyler and Cameron Winklevoss, famous for their legal battle with the Facebook founder Mark Zuckerberg, have created a financial index that provides a regularly updated figure for the price of Bitcoin.
* A Brookings Institution study found that income inequality was sharply higher in vibrant cities like New York than in less-dynamic ones like Columbus, Ohio.
Canada
THE GLOBE AND MAIL
* Prime Minister Stephen Harper was again rebuffed in his bid to press U.S. President Barack Obama to approve the controversial Keystone XL pipeline when he raised the issue during a North American leaders' summit in Toluca, Mexico. The proposed TransCanada Corp pipeline, which would carry Alberta crude to the Gulf Coast, has become a source of tension for the two leaders.
* A Nebraska court decision Wednesday has thrown another hurdle in the path of TransCanada as it pushes for U.S. approval of the Keystone XL pipeline.
* Quebecor Inc has made a C$233 million ($211 million) play on Canada's wireless industry - buying valuable wireless spectrum in the country's four most populous provinces - though it is saying little about how it intends to use it.
Reports in the business section:
* Lululemon Athletica Inc says its nearly year-long struggle with bad publicity linked to slowing growth and a messy product recall did not reflect any corporate intent to defraud shareholders, and that an expanded lawsuit suggesting otherwise should be thrown out of court.
NATIONAL POST
* An Alberta human rights adjudicator, facing criticism for ruling in favor of a Czech immigrant who claimed discrimination after failing his Canadian engineering qualification exams, is now under scrutiny for his social media comments on East African politics.
* The Progressive Conservatives want to force Ontario's public sector unions to compete for contracts to provide government services in order to save taxpayers money.
FINANCIAL POST
* More choice for consumers in three of Canada's largest provinces could finally be on the way as Quebecor Inc appears poised to mount a big expansion of its wireless business after winning the rights to cellular airwaves outside its home province.
* Shares of BlackBerry Ltd rose as much as 6 percent in extended trading on news that Facebook Inc had acquired one of BBM's biggest rivals for such a princely sum.
China
CHINA SECURITIES JOURNAL
- Gree Electric Appliances Inc of Zhuhai said its parent company, which is majority owned by the Zhuhai State-owned Assets Supervision and Administration Commission, would sell a stake of up to 49 percent in Gree Electric's real estate unit, Gree Real Estate, to strategic investors via auction, in a sign of local level action to privatise some state-owned assets.
CHINA BUSINESS NEWS
- The State Administration for Industry and Commerce said it would cancel annual examinations of registered enterprises starting March 1. The agency also told branch offices to prepare to publicly disclose information on registered companies for the first time.
- Bank of Beijing Co Ltd said it would cooperate with Xiaomi.com in mobile payment and credit, but media reports before the official company disclosure raised questions about insider trading.
PEOPLE'S DAILY
- Efforts need to be taken to achieve a mature institutional system as well as to improve governing capability, an editorial said.
Britain
The Telegraph
LLOYDS TO DOMICILE TSB IN ENGLAND AS SCOTTISH FEARS MOUNT
Lloyds Banking Group has opted to domicile TSB in England rather than Scotland ahead of the new bank's 1.5 billion pound stock market float.
WAGES RISE BUT STILL BELOW INFLATION
Wages are still failing to keep up with the rising cost of living despite climbing at a faster rate in the final quarter of last year. Average weekly pay including bonuses edged up 1.1 percent to 478 pounds in the three months to the end of December, according to figures from the Office for National Statistics.
The Guardian
EE PLANS TO RETURN 1,000 JOBS TO BRITAIN AND TRIPLE SIZE OF APPRENTICE SCHEME
Communications group EE is to create 1,000 jobs over the next two years and triple the size of its apprenticeship scheme. The company said it was bringing customer service jobs to Britain from overseas centres.
BAE AGREES PRICE ON TYPHOON JET DEAL WITH SAUDI ARABIA GOVERNMENT
The British defence firm BAE Systems has finally agreed to a deal on the price of 72 Eurofighter Typhoon jets it is selling to Saudi Arabia following years of fraught negotiations.
The Times
PRIVATE SECTOR WAGES START TO OVERTAKE INFLATION
Private sector pay rises overtook inflation at the end of last year for the first time since 2008. The proportion of companies planning to freeze pay this year was also forecast to "be the lowest since the start of the financial crisis".
SPORTS DIRECT STAFF CLOSE TO 77,000 POUNDS BONUS
Staff at Sports Direct are on track to share another multimillion-pound payout after the retailer said it was "very confident" of hitting profit targets in the penultimate year of its bonus scheme.
Sky News
BRITISH GAS PLOTS FIGHTBACK AFTER EXODUS
The UK's biggest domestic energy supplier is drawing up plans for a price-led assault on its rivals in a bid to win back customers amid the ongoing political row over fuel costs.
HOUSE OF FRASER CHAIR TO QUIT AS FLOAT LOOMS
The chairman of House of Fraser, the department store chain that is seeking to join London's flotation frenzy, plans to step down if the company returns to the public markets
Fly On The Wall 7:00 AM Market Snapshot
ECONOMIC REPORTS
Domestic economic reports scheduled include:
Jobless claims for the week of Feb. 15 at 8:30--consensus 335K
Consumer Price Index for January at 8:30--consensus 0.1%
Leading ndicators for January at 10:00--consensus 0.2%
ANALYST RESEARCH
Upgrades
Agnico-Eagle (AEM) upgraded to Buy from Neutral at UBS
American Equity (AEL) upgraded to Outperform from Market Perform at FBR Capital
Barrick Gold (ABX) upgraded to Outperform from Sector Perform at RBC Capital
CAE (CAE) upgraded to Buy from Underperform at BofA/Merrill
CGI Group (GIB) upgraded to Buy from Hold at Jefferies
Carlyle Group (CG) upgraded to Buy from Neutral at Citigroup
DealerTrack (TRAK) upgraded to Outperform from Market Perform at Wells Fargo
DineEquity (DIN) upgraded to Buy from Neutral at Janney Capital
HCI Group (HCI) upgraded to Outperform from Market Perform at JMP Securities
Healthstream (HSTM) upgraded to Overweight from Equal Weight at First Analysis
Infoblox (BLOX) upgraded to Buy from Neutral at Goldman
Nabors Industries (NBR) upgraded to Overweight from Equal Weight at Morgan Stanley
Thermo Fisher (TMO) upgraded to Buy from Neutral at Goldman
Downgrades
America Movil (AMX) downgraded to Underweight from Equal Weight at Barclays
AngloGold (AU) downgraded to Hold from Buy at Deutsche Bank
Apple (AAPL) downgraded to Equal Weight from Overweight at Barclays
Brandywine Realty (BDN) downgraded to Hold from Buy at Cantor
Employers Holdings (EIG) downgraded to Underperform at JMP Securities
Equinix (EQIX) downgraded to Neutral from Overweight at Piper Jaffray
Equity One (EQY) downgraded to Neutral from Buy at ISI Group
Essent Group (ESNT) downgraded to Market Perform from Outperform at JMP Securities
Facebook (FB) downgraded to Equal Weight from Overweight at Evercore
Facebook (FB) downgraded to Hold from Buy at Pivotal Research
Garmin (GRMN) downgraded to Market Perform from Outperform at Wells Fargo
Hecla Mining (HL) downgraded to Neutral from Buy at Roth Capital
magicJack (CALL) downgraded to Perform from Outperform at Oppenheimer
Onconova (ONTX) downgraded to Neutral from Buy at Janney Capital
Onconova (ONTX) downgraded to Neutral from Overweight at Piper Jaffray
Polypore (PPO) downgraded to Market Perform from Outperform at Wells Fargo
Range Resources (RRC) downgraded to Market Perform from Outperform at Bernstein
SM Energy (SM) downgraded to Neutral from Buy at UBS
Terex (TEX) downgraded to Hold from Buy at Stifel
Tesla (TSLA) downgraded to Hold from Buy at Deutsche Bank
The Fresh Market (TFM) downgraded to Hold from Buy at Deutsche Bank
Town Sports (CLUB) downgraded to Neutral from Overweight at Piper Jaffray
Initiations
AGCO (AGCO) initiated with a Hold at Deutsche Bank
Abiomed (ABMD) initiated with a Neutral at BTIG
Allison Transmission (ALSN) initiated with a Hold at Deutsche Bank
Atlas Resource Partners (ARP) initiated with an Outperform at RBC Capital
Booz Allen (BAH) initiated with an Overweight at JPMorgan
Caterpillar (CAT) initiated with a Buy at Deutsche Bank
Cummins (CMI) initiated with a Buy at Deutsche Bank
Deere (DE) initiated with a Buy at Deutsche Bank
Edwards Lifesciences (EW) initiated with a Neutral at BTIG
Genpact (G) initiated with an Overweight at Piper Jaffray
HeartWare (HTWR) initiated with a Neutral at BTIG
Joy Global (JOY) initiated with a Hold at Deutsche Bank
Manitowoc (MTW) initiated with a Hold at Deutsche Bank
Sunshine Heart (SSH) initiated with a Neutral at BTIG
Terex (TEX) initiated with a Buy at Deutsche Bank
Thoratec (THOR) initiated with a Buy at BTIG
Yelp (YELP) initiated with a Neutral at BofA/Merrill
COMPANY NEWS
Facebook (FB) to acquire WhatsApp for $16B, shares fell 3%. Twitter (TWTR) advanced 0.5% following the announcement, while BlackBerry (BBRY) gained about 6%
Facebook believes WhatsApp on 'clear path' to having 1B users
Gap (GPS) raised 2014 minimum wage to $9.00/hour for U.S. employees
Safeway (SWY) said in discussions concerning possible sale
Trian Partners: PepsiCo (PEP) should separate into two companies
Tesla (TSLA) sees delivering over 35,000 Model S vehicles in 2014
Tesla CEO Elon Musk said on the Q4 earnings conference call that the Model S has 'far lower propensity for fire than a gasoline car'
eBay (EBAY) acquired PhiSix, terms not disclosed
Allstate (ALL) announced $2.5B share repurchase plan
EARNINGS
Companies that beat consensus earnings expectations last night and today include:
Quanta Services (PWR), Axiall (AXLL), Equinix (EQIX), Vectren (VVC), Blackhawk (HAWK), Portfolio Recovery (PRAA), Curtiss-Wright (CW), Questar (STR), Macquarie Infrastructure (MIC), Brixmor (BRX), Synopsys (SNPS), Trinity Industries (TRN), Jack in the Box (JACK), Avis Budget (CAR), Rubicon (RBCN), Steiner Leisure (STNR), Tesla (TSLA)
Companies that missed consensus earnings expectations include:
Coeur Mining (CDE), Ensco (ESV), Energy Transfer Equity (ETE), Energy Transfer Partners (ETP), Williams Partners (WPZ), Sunoco Logistics (SXL), HealthSouth (HLS), Goodrich Petroleum (GDP), Oil States (OIS), Invesco Mortgage (IVR), Cinemark (CNK)
Companies that matched consensus earnings expectations include:
Williams (WMB), Marriott (MAR), BJ's Restaurants (BJRI), Acadia Healthcare (ACHC), Denny's (DENN), DealerTrack (TRAK)
NEWSPAPERS/WEBSITES
Bayer (BAYRY), Novartis (NVS) explore bids for Merck's (MRK) consumer unit, Reuters reports
Nokia (NOK) reportedly considering buying Juniper (JNPR), combining it with NSN, Reuters reports
Broadcasters (CBS, NWSA, DIS, CMCSA) get first victory over Aereo in Utah federal court, WSJ reports
Wal-Mart (WMT) weighs support for minimum wage increase, Bloomberg reports
Slim (AMX) to exercise NY Times Co. (NYT) warrants this year, Bloomberg reports
Standard Chartered (SCBFF) puts Hong Kong consumer finance unit up for sale, FT reports
Intel (INTC) CEO says relationship with Apple (AAPL) getting 'closer,' Apple Insider reports
BAE Systems (BAESY): U.S. unit close to 'bottoming out' this year, Reuters reports
Comcast (CMCSA) confident of Time Warner Cable (TWC) acquisition approval, FT reports
SYNDICATE
Berry Plastics (BERY) files to sell 9M shares of common stock for holders
Cytokinetics (CYTK) announces proposed offering of common stock
Diamondback Energy (FANG) files to sell 3M shares of common stock
Kayne Anderson (KYN) files to sell 6.75M common shares
NGL Energy Partners (NGL) files to sell 8.11M common units for holders
Average:
0
Your rating: None
Pre Market Movers
Top Gaining Stocks
Price %Change
RESI Altisource Reside... 33.79 13.62%
MEET Meetme 2.74 12.30%
TSLA Tesla Motors Inc.... 215.00 11.03%
AWAY Homeaway Inc. 46.99 9.38%
LACO Lakes Entertainme... 4.90 8.65%
BBRY Research in Motio... 9.60 6.55%
ATRS Antares Pharma In... 4.91 4.69%
SPEX Spherix Incorpora... 4.98 4.18%
GALE Galena Biopharma ... 3.75 4.17%
SWY Safeway Inc. 36.01 4.05%
KNDI Kandi Technologie... 13.88 3.97%
IGLD Internet Gold Gol... 8.46 3.77%
BLOX Infoblox 19.85 3.44%
EIG Employers Holding... 25.08 3.25%
JNPR Juniper Networks ... 28.00 2.94%
BCRX Biocryst Pharmace... 11.00 2.80%
PSTI Pluristem Therape... 4.11 2.75%
MONT Montage Technolog... 16.56 2.48%
NUS Nu Skin Enterpris... 82.00 2.30%
SIRI Sirius XM Radio I... 3.64 1.96%
Top Losing Stocks
Price %Change
ONTX Onconova Therapeu... 8.40 -39.39%
CONN Conn\'s Inc. 47.00 -15.77%
MM Millennial Media ... 6.34 -11.94%
USU Usec Inc. 4.76 -9.33%
AEG Aegon N.v. Ads 8.63 -5.99%
KYN Kayne Anderson Ml... 36.84 -5.08%
LGCY Legacy Reserves L... 26.14 -4.63%
BITA Bitauto Holdings ... 34.00 -4.01%
PRAN Prana Biotechnolo... 8.41 -4.00%
PT Portugal Telecom ... 4.34 -3.77%
ATHM Autohome Inc Adr ... 35.25 -3.11%
FB Facebook Inc. 65.95 -3.10%
GFI Gold Fields Ltd. ... 3.84 -3.03%
QIHU Qihoo 360 Technol... 101.49 -2.88%
YNDX Yandex N.v. 38.70 -2.84%
ALU Alcatel-lucent Ad... 4.16 -2.80%
PLUG Plug Power Inc. 3.49 -2.79%
PRLB Proto Labs Inc 78.50 -2.77%
EDC Direxion Daily Em... 22.30 -2.28%
JKS Jinkosolar Holdin... 30.10 -2.02%
Read more at http://thestockmarketwatch.com/markets/pre-market/#8JeILU7il3kgjXPl.99
data:
Consumer Price Index
[Report][Star]8:30 AM ET
Jobless Claims
[Report][Star]8:30 AM ET
PMI Manufacturing Index Flash
[Report][djStar]8:58 AM ET
Bloomberg Consumer Comfort Index
[Bullet9:45 AM ET
Philadelphia Fed Survey
[Report][Star]10:00 AM ET
Leading Indicators
[Report][Bullet10:00 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
2-Yr Note Announcement
[Bullet11:00 AM ET
5-Yr Note Announcement
[Bullet11:00 AM ET
7-Yr Note Announcement
[Bullet11:00 AM ET
30-Yr TIPS Auction
[Bullet1:00 PM ET
Fed Balance Sheet
[Bullet4:30 PM ET
Money Supply
[Bullet4:30 PM ET
Futures -36
good morning
up $3K at a casino!!!!
that is so awesome!!!!
very, very nice!!!
yippie stuffy!
and no wet pants!
$GOGO ~ up .50 premkt on upgrade
Yes, she is doing great....and it's been fun for me as well...
hope to have her able to do her own trade by summer...(since I will be sleeping in!)
Did you have fun at the casino?
Warm here too....all week....a/c on last night....
Frontrunning:
Ukraine leader denounces coup bid, West weighs sanctions (Reuters)
Time to buy Imodium calls: Kuroda Easing Doomed as Yen Seen Missing 120 Level (BBG)
Teens Disappear From U.S. Workforce (BBG)
Fed Sets Rules for Foreign Banks (WSJ)
Quant Funds Feel Investor Bite After Underperforming (BBG)
China Probes Qualcomm, InterDigital Over Monopoly Concerns (WSJ)
Capital One says it can show up at cardholders' homes, workplaces (LATimes)
SEC Gains Power to Take Profit Made From Insider Trading (BBG)
China Unveils New Bank Liquidity Rules After Repeated Cash Squeezes (WSJ)
California pension rate hikes loom after Calpers vote (Reuters)
How a CEO Reacts When Robert Redford Pegs Him a Villain (BBG)
Overnight Media Digest
WSJ
* General Motors Co is accelerating efforts to field a largely aluminum-bodied pickup truck by late 2018, under pressure from federal fuel efficiency standards and archrival Ford Motor Co, according to people familiar with the matter.
* Coca-Cola Co, the world's largest beverage firm, missed its yearly growth goals and warned that weaker foreign currencies will lower its operating profit 7 percent this year.
* The New York attorney general plans to announce a settlement with U.S. units of Ranbaxy and Teva Pharmaceutical Industries Ltd over allegations the generic drug makers made an unlawful agreement to restrict competition.
* President Barack Obama on Tuesday ordered his administration to develop and implement new fuel-efficiency standards for medium and heavy-duty commercial trucks by March 2016.
* Americans are beginning to take advantage of easier lending conditions after years of shedding debt, fueling a rise in borrowing that could prop up a shaky economic recovery. ()
* The Arkansas House failed to pass legislation to continue a state program that used Medicaid dollars to enroll low-income residents in private health insurance, throwing the future of the nationally watched program into doubt.
* Seven years after a Supreme Court ruling cleared the way for federal regulation of greenhouse gases, justices will consider whether the agency has stretched its powers too far in applying new emissions rules.
* AT&T Inc received requests on national security grounds for detailed information for at least 35,000 customer accounts in the first six months of 2013, the company disclosed.
* Raising the federal minimum wage to $10.10 per hour would cost the U.S. economy about 500,000 jobs by late 2016, but the increase would lift 900,000 Americans out of poverty at the same time, according to a new study.
FT
Private equity companies look to gain from Europe's road to recovery as the initial public offerings market starts the year with listings worth $8.3 billion, making 2014 the busiest beginning of the year since the financial crisis.
Diageo Plc, the world's biggest spirits company has warned against Britain leaving the European Union, crediting the bloc's global trade deals for the company's whisky exports success.
MetLife said it would sell its bulk annuity unit, MetLife Assurance, to Goldman Sach's-backed Rothesay Life. The sale is expected to be completed in the second quarter of 2014.
Essar Energy's plans to delist shares may have been triggered by a drastic share price fall since their listing and meetings with disappointed long-term investors before Christmas, people involved in the matter said.
U.S.-based activist hedge fund SpringOwl said on Tuesday that it has agreed in principle to buy about 6.1 percent in Bwin.Party, a move that could lead to a break up of the online gaming party.
NYT
* Homeowners who are trying to avert foreclosure are confronting problems on a new front as the mortgage industry undergoes a shift.
* King Digital Entertainment, the maker of the addictive puzzle game Candy Crush Saga, filed on Tuesday to list its shares on the New York Stock Exchange.
* A popular Democratic proposal to raise the minimum wage to $10.10 an hour, championed by President Obama, could reduce total employment by 500,000 workers by the second half of 2016.
* Senator Charles Schumer, Democrat of New York, has recused himself from reviewing Comcast Corp's agreement to buy Time Warner Cable after the revelation that his brother, the lawyer Robert Schumer, worked on the merger.
* David Einhorn has filed a lawsuit seeking to unmask the identity of an anonymous financial blogger who, he says, disclosed that Einhorn's hedge fund was buying shares in a technology company.
* Foreign banks with a major presence on Wall Street will no longer be allowed to avoid many of the tougher rules that the United States introduced after the financial crisis to prevent banking failures and bailouts.
* Corporations should expect an onslaught of enforcement proceedings from investigations into overseas bribery, manipulation of financial benchmark rates and the issuance of toxic mortgage securities. The question is how much money the government will demand as part of the inevitable settlements, a figure that is difficult to calculate.
Canada
THE GLOBE AND MAIL
* The head of Canadian Pacific Railway Ltd, Hunter Harrison, called for an immediate ban of the type of older rail cars that exploded in the Lac-Megantic disaster and suggested that trains will become more attractive targets for terrorists if rail companies are forced to tell the public what dangerous goods they are carrying.
* BlackBerry Ltd says it's "outraged" by a T-Mobile U.S. Inc offer aimed at luring some of its customers to the rival Apple Inc iPhone. BlackBerry's new chief executive officer John Chen, was referring to T-Mobile's attempt to get some of its users to switch smartphones, a move that backfired and sent the wireless carrier scrambling to make good.
Reports in the business section:
* The fizz has gone out of the soft-drink business, forcing producers to search for alternative sources of revenue - but even some of those are showing limited growth potential. From Coca-Cola Co to PepsiCo Inc to private-label Cott Corp, soda makers are struggling with declining North American demand for their core carbonated drinks and counting more on other products to diversify and draw back customers.
* The British Columbia government unveiled its tax regime for liquefied natural gas exports, providing an industry framework the province hopes will lead to an avalanche of new revenue.
NATIONAL POST
* Unrepentant and unafraid of new controversy, Toronto Mayor Rob Ford used a series of YouTube videos Tuesday to declare "war" on nearly half of Toronto's city council and said he could see "no reason" for the city to fly the Pride flag during the Sochi Olympics.
* Yoga-wear retailer Lululemon Athletica Inc has apologized and revised its policy after some customers were banned from its online store after reselling products over the Internet.
FINANCIAL POST
* The explosion of transportation of oil by rail has gone a long way to alleviate pipeline bottlenecks, but Canadian Pacific Railway boss Hunter Harrison is not convinced it has been a boon for his own industry.
* As the newspaper industry considers the merits of cutting certain unprofitable print publication dates, the owner of Quebec's La Presse has struck a revised printing deal that gives it the option to publish less often.
China
SHANGHAI SECURITIES NEWS
- The PBOC drained 48 billion yuan through forward repurchase agreements for the first time in eight months on Tuesday, suggesting a tightening bias after a surge in liquidity following the Spring Festival, according to Liu Yihui, chief economist of Guangfa Securities.
- Wang Chuanfu, chairman of BYD Co Ltd, said demand for new energy cars will rise in 2014 thanks to supportive government policies, including subsidies and efforts to tackle air pollution.
CHINA SECURITIES JOURNAL
- China may soon issue banking licenses to three to five private companies ahead of the National People's Congress in early March, sources said. Policymakers have expressed support for the formation of privately-owned banks and sources said large and established companies are likely to get their licenses first.
21st CENTURY BUSINESS HERALD
- Deposits of the four major state-owned banks increased by 38 billion yuan ($6.26 billion) as of Feb. 16, regulations toward internet financial services to be expected.
- The Shanghai Free Trade zone will have more financial reforms rolled out before the National People's Congress in early March. Upcoming policies are expected to provide more flexibility in interest rates and reducing control over foreign exchange, said Jian Danian, vice-chairman of the zone administration. The government is also considering proposals to lower the tax rate for companies registered in the zone to 15 percent.
CHINA DAILY
- The China (Shanghai) Free Trade Pilot Zone launched cross-border yuan payment services on Tuesday under the guidance of the People's Bank of China. Five third-party payment service providers have received approval to handle renminbi-denominated cross-border payments in the zone, the PBOC's Shanghai office said.
PEOPLE'S DAILY
- Comprehensive reforms need to be conducted to achieve a better institutional system of socialism and to fulfill the demands of modern governing, and editorial said.
SHANGHAI DAILY
- More than 1200 people close to a realgar mine in Hunan Province have fallen victims to decades-long arsenic refining, with at least 500 mine workers dying from cancer, according to local authorities.
Britain
The Telegraph
SCOTLAND CAN ISSUE BONDS - BUT THEY WILL COST MORE
The Government has granted Scotland permission to issue its own bonds - but with a warning that it is "unlikely to be a cost effective form of borrowing".
COMPENSATE US IF YOU FREEZE THE CARBON TAX, SAYS POWER GIANT DRAX
Power giant Drax Group wants compensation if the Treasury freezes the carbon tax, arguing it would lose out on expected earnings from burning biomass.
The Guardian
BUY TO LET SPECIALIST PARAGON GETS BANKING LICENCE TO FINANCE CAR SALES
Solihull-based buy to let mortgage specialist Paragon has been given a banking licence as part of its drive to offer finance in Britain's booming car market.
MORE FERRARIS SOLD IN THE UK THAN ANYWHERE ELSE IN EUROPE
Despite rising prices in 2013 as Ferrari cut production, record numbers of the tailor-made vehicles were sold in Britain last year.
The Times
DOOSAN BABCOCK NUCLEAR DEAL TO CREATE 1,000 JOBS
Doosan Babcock has won a 1 billion pounds contract to extend the lives of EDF Energy's ageing nuclear reactors and help to keep the lights on in the UK.
FUND BOSSES TO LOOK AT INVESTOR CONCERNS OVER ESSAR PROPOSAL
The Association of British Insurers' investment committee is poised to discuss investor concerns about the contentious bid proposal for Essar Energy from its largest shareholder.
Sky News
RBS BOARD BEGINS PLANNING FOR HAMPTON EXIT
Directors of Royal Bank of Scotland have begun discussions about the appointment of a new chairman as Sir Philip Hampton prepares to step down from the taxpayer-backed lender.
'INSIDE MAN HELPED 1 MILLION POUND BARCLAYS BANK FRAUD'
Fraudsters stole more than 1 million pounds from a Barclays bank branch after fitting a remote control gadget to a worker's computer, a court has heard.
Fly On The Wall 7:00 AM Market Snapshot
ECONOMIC REPORTS
Domestic economic reports scheduled for today include:
Producer Price Index for January at 8:30--consensus up 0.2%
Housing starts for January at 8:30--consensus rate 950K
Housing permits January at 8:30--consensus rate 975K
ANALYST RESEARCH
Upgrades
Actavis (ACT) upgraded to Buy from Neutral at Goldman
Ashford Hospitality (AHT) upgraded to Outperform from Neutral at RW Baird
CEMEX (CX) upgraded to Buy from Neutral at Sterne Agee
Capstone Turbine (CPST) upgraded to Outperform from Market Perform at FBR Capital
Genpact (G) upgraded to Buy from Neutral at Citigroup
Gogo (GOGO) upgraded to Overweight from Equal Weight at Evercore
J.B. Hunt (JBHT) upgraded to Buy from Hold at Wunderlich
M&T Bank (MTB) upgraded to Buy from Neutral at SunTrust
Saia, Inc. (SAIA) upgraded to Buy from Hold at Wunderlich
Downgrades
Atlas Pipeline Partners (APL) downgraded to Equal Weight from Overweight at Barclays
Calpine (CPN) downgraded to Neutral from Buy at UBS
Cape Bancorp (CBNJ) downgraded to Neutral from Buy at Sterne Agee
Con-way (CNW) downgraded to Hold from Buy at Wunderlich
Dresser-Rand (DRC) downgraded to Equal Weight from Overweight at Morgan Stanley
Dresser-Rand (DRC) downgraded to Market Perform from Outperform at Raymond James
Essex Property Trust (ESS) downgraded to Hold from Buy at Cantor
Knight Transportation (KNX) downgraded to Hold from Buy at Wunderlich
NPS Pharmaceuticals (NPSP) downgraded to Hold from Buy at Jefferies
Parkway Properties (PKY) downgraded to Market Perform from Outperform at BMO Capital
SM Energy (SM) downgraded to Hold from Buy at KeyBanc
SolarCity (SCTY) downgraded to Neutral from Outperform at RW Baird
Valspar (VAL) downgraded to Equal Weight from Overweight at First Analysis
Initiations
A.O. Smith (AOS) initiated with an Outperform at FBR Capital
American Eagle Energy (AMZG) initiated with a Buy at SunTrust
Canadian Solar (CSIQ) initiated with a Market Perform at FBR Capital
Dillard's (DDS) initiated with a Neutral at Citigroup
First Solar (FSLR) initiated with a Market Perform at FBR Capital
Genesco (GCO) initiated with a Sell at Goldman
Hannon Armstrong (HASI) initiated with an Outperform at FBR Capital
J.C. Penney (JCP) initiated with a Neutral at Citigroup
Johnson Controls (JCI) initiated with an Outperform at FBR Capital
Kohl's (KSS) initiated with a Neutral at Citigroup
Lennox (LII) initiated with an Outperform at FBR Capital
MSA (MSA) initiated with a Hold at Stifel
Macy's (M) initiated with a Buy at Citigroup
Nordstrom (JWN) initiated with a Neutral at Citigroup
Oshkosh (OSK) initiated with a Buy at Stifel
Polypore (PPO) initiated with a Market Perform at FBR Capital
Power Solutions (PSIX) initiated with an Outperform at FBR Capital
SunEdison (SUNE) initiated with an Outperform at FBR Capital
SunPower (SPWR) initiated with a Market Perform at FBR Capital
Tesla (TSLA) initiated with a Market Perform at FBR Capital
United Rentals (URI) initiated with a Buy at Stifel
Vocera (VCRA) initiated with a Buy at B. Riley
Westport Innovations (WPRT) initiated with an Outperform at FBR Capital
COMPANY NEWS
Canadian Natural (CNQ) acquired certain assets of Devon Canada (DVN) for $3.13B
Bombardier (BDRBF) signed contract with Transport for London valued at $2.1B
Chelsea Therapeutics' (CHTP) Northera was granted accelerated approval from the FDA for the treatment of symptomatic neurogenic orthostatic hypotension
Crossroads (CRDS) filed patent infringement suits against Cisco (CSCO), NetApp (NTAP), Quantum (QTM)
Verizon (VZ) expects to issue 1.27B common shares to Vodafone (VOD) shareholders as part of its acquisition of Vodafone's 45% stake in Verizon Wireless
Mattress Firm (MFRM) said it expects Q4 profit and sales to come in below expectations
Analog Devices (ADI) approved increase to share repurchase program to $1B
Energy Transfer Partners (ETP) announced long term agreement with XTO Energy (XTO, XOM)
EARNINGS
Companies that beat consensus earnings expectations last night and today include:
Terex (TEX), Oceaneering (OII), Neenah Paper (NP), CF Industries (CF), NPS Pharmaceuticals (NPSP), Panera Bread (PNRA), Herbalife (HLF), Potbelly (PBPB), Flowserve (FLS), Fluor (FLR), Nabors Industries (NBR), Columbia Sportswear (COLM)
Companies that missed consensus earnings expectations include:
NorthWestern (NWE), FreightCar America (RAIL), Yamana Gold (AUY), Phototronics (PLAB), InnerWorkings (INWK), La-Z-Boy (LZB), Greenlight Capital Re (GLRE), DryShips (DRYS), Sykes Enterprises (SYKE)
NEWSPAPERS/WEBSITES
GE (GE) sued IRS to recover $658M in taxes and interest, WSJ reports
China investigating Qualcomm (QCOM), InterDigital (IDCC) over monopoly concerns, WSJ reports
John Malone (DISCA, LBTYA) starts succession planning, FT reports
BlackBerry (BBRY) CEO blasts T-Mobile (TMUS) for pushing change to iPhones (AAPL), Bloomberg reports
AIG (AIG) accused of holding BofA (BAC) $8.5B settlement 'hostage,' Reuters reports
Novartis (NVS) Tokyo unit raided by prosecutors, Reuters reports
Target (TGT) CEO Steinhafel faces cybertheft aftermath, WSJ reports
Prosecutors alleged GPB1.25M stolen from Barclays (BCS) in one day, FT reports
Actavis (ACT) expected to seek more deals, WSJ reports
General Mills (GIS) seeks deals in fast growing emerging markets, Reuters reports
SYNDICATE
Advaxis (ADXS) to sell up to $50M in common stock
Arrowhead Research (ARWR) files to sell common stock
Five Oaks (OAKS) files to sell 3M in common stock
Kinder Morgan Energy (KMP) files to sell 6.9M common units
MarkWest Energy (MWE) files to sell $1.2B of common units representing limited partner
Verizon (VZ) to issue 1.27B common shares to Vodafone
Average:
0
Your rating: None
$ZLC ~ wow...up 40$ +5.99 to 20.90
Pre Market Movers
Top Gaining Stocks
Price %Change
ZLC Zale Corp. 20.99 40.78%
CHTP Chelsea Therapeut... 6.76 36.57%
UCTT Ultra Clean Holdi... 14.50 21.44%
CG Carlyle Group L.p... 39.50 11.39%
SIG Signet Jewelers 87.00 9.75%
HST Host Hotels & Res... 20.50 8.70%
NOR Noranda Aluminum ... 3.85 6.06%
ZBRA Zebra Technologie... 60.00 5.75%
EBR Eletrobras S/a Ad... 2.09 5.56%
HL Hecla Mining Co. ... 3.80 5.26%
JDST Direxion Daily Ju... 19.20 5.03%
LTBR Lightbridge Corpo... 2.99 4.18%
UNG United States Nat... 27.24 3.97%
CF CF Industries Hol... 235.01 3.90%
CANF Can-fite Biopharm... 6.00 3.63%
WWW Wolverine World W... 26.02 2.24%
NBR Nabors Industries... 19.07 2.20%
HILL Dot Hill Systems ... 5.62 2.00%
GTAT GT Advanced Techn... 12.87 1.82%
MCP Molycorp 5.65 1.62%
Top Losing Stocks
Price %Change
JNUG Direxion Daily Ju... 36.00 -5.96%
TS Tenaris S.a. Ads ... 44.25 -5.23%
TAN Guggenheim Solar ... 42.00 -4.02%
SUNE Sunedison 14.70 -3.16%
AUY Yamana Gold Inc. ... 10.20 -3.13%
TSEM Tower Semiconduct... 7.05 -2.62%
KMP Kinder Morgan Ene... 77.90 -2.53%
PNRA Panera Bread Comp... 168.98 -2.43%
CMI Cummins Inc. 139.04 -2.41%
X United States Ste... 26.10 -2.39%
GDXJ Market Vectors Ju... 42.50 -2.25%
BT BT Group Plc Ads ... 68.27 -2.12%
NUGT Direxion Daily Go... 49.86 -2.10%
PRAN Prana Biotechnolo... 9.89 -2.08%
SCTY Solarcity Corpora... 78.31 -2.05%
NEO Neogenomics Inc. ... 3.79 -1.81%
C Citigroup Inc. 48.50 -1.78%
STM Stmicroelectronic... 8.44 -1.75%
OPK Opko Health 8.51 -1.62%
NVMI Nova Measuring In... 11.42 -1.55%
Read more at http://thestockmarketwatch.com/markets/pre-market/#x4SEurcUD0u6JE6A.99
data:
MBA Purchase Applications
[Report][Bullet7:00 AM ET
ICSC-Goldman Store Sales
[Bullet7:45 AM ET
Housing Starts
[Report][Star]8:30 AM ET
PPI-FD
[Report][Star]8:30 AM ET
Redbook
[Bullet8:55 AM ET
4-Week Bill Auction
[Bullet11:30 AM ET
James Bullard Speaks
1:00 PM ET
FOMC Minutes
[Star]2:00 PM ET
John Williams Speaks
6:15 PM ET
futures -53
good morning
hi bc...was a bit risky w/the home data reports today and this week...but it held very well...
had Z up as I was trading it....
very nice for you too!
$TRLA ~ my new fav...+$1,319
Trade it for the 1st time today....
Got in...didn't take the money at the high mid-day....bought some more...
Put in sell order at 3:38 as I had to leave for school...and it sold near the bell..
will play it again and keep on my list....
my friend played as well....+$190 for her on 300 shares...
Frontrunning:
Carl Icahn wins again: Actavis to Buy Forest Labs for $25 Billion (WSJ)
ECB governing council member attacks German court ruling on OMT (FT)
China Tackles $1 Trillion Data Gap as Xi Changes Metrics (BBG)
FX Traders Facing Extinction as Computers Replace Humans (BBG)
BOJ Boost to Loan Programs Signals Room for More Easing (BBG) - actually no it doesn't as it was "factored in"
Four killed in Thai clashes; PM to face charges over rice scheme (Reuters)
Goodbye unsterilized SMP: Bundesbank Backs Measure to Boost Funds in Banking System (WSJ)
Iranian Hacking to Test NSA Nominee Michael Rogers (WSJ)
Ukraine Clashes Leave Dozens Wounded as Putin Resumes Bailout (BBG)
European Stocks Little Changed as ZEW Measure Disappoints (BBG)
White House report on economic stimulus rekindles debate five years later (Reuters)
François Hollande pledges fixed tax regime for foreign investors (FT)
Credit Suisse Bankers Face Delay To Bonuses; hundreds of UK employees could wait until 2021 to receive bonuses (SkyNews)
What Lottery Winners and Tom Perkins Have in Common (BBG)
India Budget Seeks 7-Year Low Deficit Amid Sops for Votes (BBG)
Foreign banks braced for Fed rule changes (Reuters)
Overnight Media Digest
WSJ
* Iran's infiltration of a Navy computer network was far more extensive than previously thought, according to officials, and the officer who led the response will likely face questions about it from senators weighing his nomination as the next head of the embattled National Security Agency.
* Actavis Plc is in advanced talks to acquire rival drug maker Forest Laboratories Inc in a deal that could value Forest at up to $25 billion, according to people familiar with the matter.
* Computer-security researchers have discovered on a website documents that could allow hackers easily obtain electronic medical records and payment information from health-care providers.
* British prosecutors filed criminal charges against three former bank traders for alleged fraud, opening a new front in a global investigation into alleged rigging of benchmark interest rates, with more charges in the pipeline.
* Barry Sternlicht, a star real-estate investor and founder of the W hotel chain, is in early talks with banks about selling shares of his investment firm to the public, according to people with knowledge of the matter.
* Alcoa Inc said Monday it would close a large aluminum smelter in Australia, cutting total capacity by 4.8 percent, as stubbornly low raw aluminum prices mean "the 50-year-old smelter has no prospect of becoming financially viable."
* Bharti Airtel Ltd, India's biggest telecommunications company, is in advanced talks to acquire closely held Loop Mobile India Pvt Ltd, company executives familiar with the matter said Monday.
* Hon Hai Precision Industry Co, the top global contract manufacturer by revenue, intends to list its cable and connector unit in Taiwan next year as it seeks funds for overseas expansion and new technologies.
* BHP Billiton Ltd said Tuesday its first-half profit rose as it cut spending and squeezed more from assets including its vast Australian iron ore pits to offset a decline in global commodity prices.
FT
London's financial services centre would lose access to the wider European Union should Britain quit the bloc, the EU's justice chief said on Monday, warning that such a move would reduce its status to that of an offshore centre.
In a crackdown on currencies traders, financial institutions including Royal Bank of Scotland, Deutsche Bank and UBS are reviewing the rules governing how traders make bets with their own money.
Iran's largest private bank Mellat is suing the British government for almost $4 billion in damages after the Supreme Court quashed sanctions imposed against it over alleged links to Tehran's nuclear programme.
Britain's fraud agency started criminal proceedings against three former bankers at Britain's Barclays Plc for the alleged manipulation of Libor interest rates.
Euro zone's largest bank by market value, Santander , was fined 16.9 million euros ($23.2 million) by Spain's market regulator for mis-selling convertible bonds to customers.
NYT
* The Southwest Chief route, a lifeline to rural communities, is in danger if Amtrak cannot persuade three of the states it runs through to help fund track repairs and maintenance.
* After months of hype and hysteria that have driven up its price at a dizzying pace, Bitcoin recently encountered several hurdles that are likely to determine whether it makes it out of its early speculative phase to become a currency that people actually use, is supplanted by a rival or falls apart altogether.
* A group of investors led by an affiliate of Maurice Greenberg and the Swiss investment firm Partners Group announced on Monday that it had acquired MultiPlan.
* With Comcast Corp proposing to buy Time Warner Cable Inc, other companies that own cable networks are watching nervously, and may look to consolidate.
* Tom Steyer, a retired hedge fund manager, plans to spend as much as $100 million this year on a hard-edge campaign to pressure officials and candidates to support climate change measures.
* With their party on offense in its push to capture the Senate, Republicans say they are determined to avoid the mistakes and stumbles that Democrats exploited in 2010 and 2012.
Canada
THE GLOBE AND MAIL
* Toronto depleted its entire winter maintenance reserve fund dealing with the massive ice storm that plunged large parts of the city into darkness just days before Christmas.
* British Columbia's Finance Minister Mike de Jong will reveal in his budget how his government intends to extract enough revenue from a liquefied natural gas industry to retire the provincial debt - currently C$56 billion ($51 billion) and growing.
Reports in the business section:
* Two Canadian cities are vying to become North America's primary center for trading the Chinese yuan, an effort that has received federal backing amid a broader desire by Ottawa to strengthen ties with Beijing.
* Irving Oil has become the first Canadian refiner to phase out the older crude-oil rail cars that have been involved in several fiery derailments, including last summer's deadly accident in Lac-Mégantic, Quebec.
NATIONAL POST
* Canadian Prime Minister Stephen Harper left for Mexico on Monday with a plan that could pave the way for getting rid of his host's biggest complaint about Canada - the onerous visa on Mexican travelers.
FINANCIAL POST
* Canada has spurned a request by the U.S. Environmental Protection Agency to extend the deadline to apply as a participant in public hearings over Kinder Morgan Inc's Trans Mountain pipeline, ratcheting up cross-border tensions over energy infrastructure.
* A refreshed vision for Tim Hortons begins to take shape this week as the company releases details on its financial results, and how it plans to remain innovative in the highly-competitive Canadian coffee market.
China
SHANGHAI SECURITIES NEWS
- Non-performing loans and competition from internet finance services resulted in a slowdown in profit growth at Chinese banks in 2013, according to Chinese brokerages.
CHINA SECURITIES JOURNAL
- China's Ministry of Land and Resources is researching further land reform plans, which would grant more rights to local-level governments and increase the participation of financial institutions.
- Suning Commerce Group Co Ltd said it has obtained a license to sell insurance to consumers through its Suning Insurance Co Ltd unit.
CHINA BUSINESS NEWS
- Inner Mongolia and Guizhou Province plan to undertake a tax reform in the coal industry, adopting a price-based collection method to replace the current quantity-based method.
SECURITIES TIMES
- As of Feb. 17, about two-thirds of Shanghai-listed real estate firms have predicted a profit for 2013. Just under half of all the 132 real estate firms had reported by this date.
CHINA DAILY
- Only 36 percent of global consumers trust China-based firms, said a report from public relations firm Edelman. China ranked amongst the least-trusted countries, along with Russia and India. Germany, Sweden and Switzerland topped the list.
- Mobile payment transactions grew over 200 percent in 2013 against a year earlier, according to a report from the People's Bank of China. Mobile payments hit 9.64 trillion yuan ($1.59 trillion) last year, accounting for about three percent of the total non-cash payments in China.
SHANGHAI DAILY
- Chinese police have detained over five hundred people this month in a series of stings against the country's sex trade, the Ministry of Public Security said on Monday. Authorities have uncovered 1,300 cases and broken up 73 gangs.
PEOPLE'S DAILY
- China's people must be more active to realise the core values of socialism, rather than just talking about it, an editorial in the paper that acts as the part mouthpiece said.
Britain
The Telegraph
INTEREST RATE RISE 'A LAST RESORT' TO COOL HOUSING MARKET
Britain's housing market is not overheating but interest rates will not remain at record lows indefinitely, Bank of England policymaker David Miles said in an interview on Monday.
BETTER FOR BUSINESS TO PAY MORE TO TRADE WITH SCOTLAND THAN SHARE THE POUND
The boss of Britain's Co-operative Group said in an interview on Monday he was worried Scottish independence could burden British businesses.
The Guardian
HOUSE PRICE BOOM BRINGS NEW WAVE OF SELLERS INTO THE MARKET
Asking prices for homes in Britain rose at the sharpest rate in more than six years over the past 12 months despite a big rise in new listings coming onto the market recently, property website Rightmove said on Monday.
CO-OP POLLS PUBLIC ON ITS FUTURE
Britain's Co-operative Group is carrying out a national survey on the future strategy for the 150-year-old group. "We will be asking people up and down the country what they believe The Co-operative should really stand for," said the group's Chief Executive Euan Sutherland.
The Times
EX-BARCLAYS BANKERS FACE LIBOR-RIGGING CHARGES
Britain's fraud agency started criminal proceedings against three former bankers at Barclays on Monday for the alleged manipulation of Libor interest rates.
APPEAL COURT SENDS BT AND SKY'S BITTER BATTLE INTO EXTRA TIME
Britain's Court of Appeal on Monday ruled that a lower court should look again at how pay-TV group BSkyB sells its sports channels to rivals, in the latest twist in a near four-year battle.
Sky News
U.S. HEDGE FUND TAKES OVER CARE HOME GROUP NCC
U.S.-based Anchorage Capital Group has acquired about 80 million pounds of debt from Lloyds Banking Group for a controlling stake in New Century Care (NCC), one of Britain's biggest care home groups.
CREDIT SUISSE BANKERS FACE DELAY TO BONUSES
Senior staff at Credit Suisse were told last week that they may not be able to receive millions of pounds worth of deferred payouts which were due to mature in 2016 for a further five years under a revised scheme.
Fly On The Wall 7:00 AM Market Snapshot
ECONOMIC REPORTS
Domestic economic reports scheduled to be reported include:
Empire State manufacturing survey for February at 8:30--consensus 9.0
Housing Market Index for February at 10:00--consensus 56
ANALYST RESEARCH
Upgrades
Aixtron (AIXG) upgraded to Overweight from Neutral at JPMorgan
athenahealth (ATHN) upgraded to Outperform from Neutral at RW Baird
Big Lots (BIG) upgraded to Buy from Hold at Deutsche Bank
Darden (DRI) upgraded to Outperform from Market Perform at Raymond James
First Cash Financial (FCFS) upgraded to Overweight from Neutral at JPMorgan
Forest Labs (FRX) upgraded to Overweight from Equal Weight at Morgan Stanley
Green Dot (GDOT) upgraded to Equal Weight from Underweight at Morgan Stanley
HEICO (HEI) upgraded to Buy from Hold at KeyBanc
lululemon (LULU) upgraded to Outperform from Perform at Oppenheimer
MacroGenics (MGNX) upgraded to Buy from Neutral at BofA/Merrill
Maxim Integrated (MXIM) upgraded to Buy from Hold at Drexel Hamilton
Newfield Exploration (NFX) upgraded to Outperform from Market Perform at BMO Capital
Randgold Resources (GOLD) upgraded to Neutral from Sell at Citigroup
SVB Financial (SIVB) upgraded to Strong Buy from Outperform at Raymond James
Universal Display (OLED) upgraded to Hold from Sell at Canaccord
Veeco (VECO) upgraded to Hold from Sell at Canaccord
Zions Bancorp (ZION) upgraded to Outperform from Market Perform at Keefe Bruyette
Downgrades
Equifax (EFX) downgraded to Market Perform from Outperform at Raymond James
Galena (GALE) downgraded to Sell from Buy at Cantor
Kansas City Southern (KSU) downgraded to Neutral from Overweight at JPMorgan
Range Resources (RRC) downgraded to Sector Perform from Outperform at RBC Capital
Weight Watchers (WTW) downgraded to Underweight from Equal Weight at Barclays
Initiations
Care.com (CRCM) initiated with a Hold at Stifel
Charles River Labs (CRL) initiated with a Neutral at Citigroup
Covance (CVD) initiated with a Neutral at Citigroup
Hi-Crush Partners (HCLP) initiated with a Hold at Wunderlich
PAREXEL (PRXL) initiated with a Buy at Citigroup
Quintiles (Q) initiated with a Buy at Citigroup
Rice Energy (RICE) initiated with a Neutral at Citigroup
Rice Energy (RICE) initiated with a Neutral at Goldman
Rice Energy (RICE) initiated with a Sector Perform at RBC Capital
Rice Energy (RICE) initiated with an Outperform at Wells Fargo
COMPANY NEWS
Anadarko (APC) to divest Chinese subsidiary for $1.08B
Duke Energy (DUK) initiated process to exit Midwest commercial generation business
Alcoa (AA) to close smelter, rolling mills in Australia, sees $250M-$270M in charges
Google (GOOG) acquired Israeli security start-up SlickLogin
JPMorgan (JPM) reported January net credit losses 2.91% vs. 3.07% last month
Capital One (COF) reported January net charge-off rate 4.04% vs. 4.11% last month
Kaiser Aluminum (KALU) said outlook for first half of 2014 'cautious'
Sony (SNE) said PlayStation 4 sales surpass 5.3M units worldwide
EARNINGS
Companies that beat consensus earnings expectations last night and today include:
NiSource (NI), Wolverine World Wide (WWW), Norwegian Cruise Line (NCLH), VASCO Data Security (VDSI)
Companies that missed consensus earnings expectations include:
USA Compression (USAC), Atlas Pipeline Partners (APL), Kaiser Aluminum (KALU)
Companies that matched consensus earnings expectations include:
Nova Measuring (NVMI)
NEWSPAPERS/WEBSITES
Actavis (ACT) expected to buy Forest Labs (FRX) in deal valued at $25B, WSJ reports
Target (TGT) security staff raised concerns ahead of breach, WSJ reports
Hewlett-Packard (HPQ) networking head Bethany Mayer reassigned, Re/code reports
Murdoch’s News Corp (NWSA) wins A$880M Australia tax battle, FT reports
Adrian Perica, M&A chief at Apple (AAPL), met with Tesla (TSLA) CEO last spring, SF Chronicle reports
Credit Suisse (CS) ends bonus plan tied to risky assets, Reuters reports
Barclays (BCS) pressured over investment bank turnaround, FT reports
Las Vegas Sands (LVS) restored websites following hacker attack, Bloomberg reports
Comcast (CMCSA), Time Warner Cable (TWC) deal could spur wave of consolidation, NY Times reports
BARRON’S
EPL Oil & Gas (EPL) looks undervalued
American Airlines (AAL) could gain over 20% in next year
CVS Caremark (CVS) shares could reach $85 in a year
EnPro (NPO) could rise another 25%
J.M. Smucker (SJM) looks attractive
Liberty Media's (LMCA) long-term value will increase (SIRI)
Nestle (NSRGY) could return about 20% (LRLCY)
HSBC (HSBC) could benefit the most from the Fed tightening
Occidental Petroleum (OXY) shares could jump 25%
Comcast (CMCSA), Time Warner Cable (TWC) deal shows strength, expansion ability (NFLX, AMZN)
Average:
0
Your rating: None
Premarket:
Pre Market Movers
Top Gaining Stocks
Price %Change
FRX Forest Laboratori... 96.98 35.85%
INVN Invensense Inc 24.25 17.49%
ACT Actavis 222.22 15.81%
PRAN Prana Biotechnolo... 8.24 13.66%
AIXG Aixtron SE 17.78 9.82%
CHTP Chelsea Therapeut... 5.14 8.67%
INSM Insmed Inc. 18.03 8.55%
KONG Kongzhong Corpora... 9.20 8.36%
STXS Stereotaxis Inc 6.00 7.14%
JO ipath Dj-ubs Coff... 29.58 5.40%
DEG Delhaize Group 68.49 5.24%
UNG United States Nat... 26.25 5.08%
BBRY Research in Motio... 9.43 5.01%
RBS Royal Bank of Sco... 12.06 4.78%
NVMI Nova Measuring In... 11.70 4.46%
FOXA 21st Century Fox... 34.00 4.33%
CLNE Clean Energy Fuel... 10.17 4.09%
TSLA Tesla Motors Inc.... 206.20 4.02%
CAJ Canon Inc. Ads 31.00 3.92%
SBGL Sibanye Gold Ltd ... 7.50 3.88%
Top Losing Stocks
Price %Change
JDST Direxion Daily Ju... 16.15 -7.45%
LIVE Livedeal Inc. 9.30 -6.16%
TIK Tel Instrument El... 5.60 -5.88%
ANDE Andersons Inc. 76.75 -5.68%
GALE Galena Biopharma ... 3.57 -4.29%
OPTT Ocean Power Techn... 4.46 -3.88%
PATH Nupathe Inc. 4.00 -3.61%
DRC Dresser-rand Grou... 57.00 -2.90%
RAX Rackspace Hosting... 32.90 -2.69%
SDRL Seadrill Ltd. 34.93 -2.65%
IHG Intercontinental ... 32.89 -2.63%
UUPT Powershares DB 3x... 18.76 -2.29%
PER Sandridge Permian... 12.30 -1.99%
ABB Abb Ltd. Ads 24.94 -1.85%
GFI Gold Fields Ltd. ... 4.02 -1.71%
EWZ ishares Incorpora... 40.00 -1.57%
MT Arcelormittal 16.50 -1.49%
TAN Guggenheim Solar ... 40.90 -1.47%
TTM Tata Motors Ltd. ... 31.80 -1.46%
JNUG Direxion Daily Ju... 39.33 -1.45%
Read more at http://thestockmarketwatch.com/markets/pre-market/#y1Z1oKlZjTWzYhe2.99
data:
Empire State Mfg Survey
[Report][djStar]8:30 AM ET
Treasury International Capital
[djStar]9:00 AM ET
Housing Market Index
[Report][djStar]10:00 AM ET
E-Commerce Retail Sales
[Bullet10:00 AM ET
4-Week Bill Announcement
[Bullet11:00 AM ET
3-Month Bill Auction
[Bullet11:30 AM ET
6-Month Bill Auction
[Bullet11:30 AM ET
futures +34
good morning
Our local sports reporter....
I'm a bit behind on the news...really great segment...
ihub so slow even on saturday?