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Oil extends selloff on UAE minister’s comments http://on.wsj.com/1Bg8uq5 via @WSJ
reversal day for miners. $DUST
IBD/TIPP Economic Optimism surges from 48.4 to 51.5
JOLTS. Job Openings rise to 4.97 million. Ahead of 4.85 million expected.
SunPower up 4.6% on Credit Suisse upgrade http://seekingalpha.com/news/2219516-sunpower-up-4_6-percent-on-credit-suisse-upgrade?source=feed_f … $SPWR
$USO trying to bounce...but bears still have control. $DTO
December 2014 US NFIB small business optimism index 100.4 vs 98.5 exp http://bit.ly/14QnJJZ
$KBH up 3% - Showing how homebuilders have rebounded from the housing bubble's explosion, KB Home (KBH) records an $824.2M tax benefit to reverse to the prior write-down of assets which could be used to offset income taxes. That as KBH's F4Q revenue rose more than Wall Street anticipated amid a 9% increase in closings and 17% jump in average selling prices. However, building gross margin did fall on-year amid weakness in inland areas of the West. Meanwhile, demand seems solid as net orders climbed 10% amid a double-digit increase in the number of projects KBH is selling at. Shares rise 0.8% premarket to $16.70. (kevin.kingsbury@wsj.com; @kevinkingsbury)
Synnex $SNX Q3 Adj. EPS USD 1.83 vs. Exp. USD 1.69
Alcoa $AA Q4 Adj. EPS USD 0.33 vs. Exp. USD 0.27
earnings calendar: Today after the close look for the following companies to report:
AA, SNX, LMNR
Tomorrow before the open look for the following companies to report:
KBH, IHS
Pentagon official: Information posted by hackers on CENTCOM Twitter account is not highly classified - @WSJ http://www.wsj.com/articles/u-s-investigating-apparent-hack-of-military-twitter-account-by-islamic-militants-supporters-1421086712?mod=e2tw …
Home builders all strong today. $SPF $HOV $BZH $ITB
*DJ Standard Pacific Raised to Outperform From Mkt Perform by Raymond James >SPF $SPF
miners finding some strength $NUGT
Futures being weighed down by oil and poor $SNDK guidance.
Crude below $47 $DTO
Southwest Airlines $LUV December revenue passenger miles up 2.8% to 9.2 billion
$AMAG Providing blowout guidance Sunday evening vs. consensus - Q4 Rev $52.8M vs. $37.8M Est, FY15 Rev $400M vs. $364M Est cc: @CashRocket
Schedule for Week of January 11, 2015 http://t.co/2asS9yPRme
Earrings Season starts -zozotrader: Earnings Preview for the week of January 12 - 16 some of the bigger names include:
Monday:
After Hours - AA, SNX, LMNR
Tuesday:
Pre Market - KBH, IHS
After Hours - CSX, LLTC, PRGS, DRWI
Wednesday:
Pre Market - JPM, WFC, SJR, NORD
After Hours - GEF, CLC
Thursday:
Pre Market - TSM, BAC, C, PPG, BLK, LEN, FAST, FRC, CBSH, WNS, IIIN, HOMB
After Hours - INTC, SLB, PBCT, WTFC, OZRK
Friday:
Pre Market - WIT, GS, PNC, STI, CMA, PVTB
Fitch Updates Recovery Analyses for U.S... $KBH $SPF $HOV $BZH
Homebuilding and Building Materials Issuers The following is a press release from Fitch Ratings: Fitch Ratings-Chicago-09 January 2015: Fitch Ratings has published updated recovery analyses for U.S. Homebuilders and Building Materials companies, including: Beazer Homes USA, Inc. Hovnanian Enterprises, Inc. KB Home M/I Homes, Inc. Standard Pacific Corp. USG Corporation
The interactive recovery analysis worksheets are available at 'www.fitchratings.com' under the following headers:
Sectors >> Corporate Finance >> Corporates >> Research Contact: Robert Rulla Director +1-312-606-2311 Fitch Ratings, Inc. 70 West Madison St. Chicago, IL 60602 Robert Curran Managing Director +1-212-908-0515 Media Relations: Brian Bertsch, New York, Tel: +1 212-908-0549, Email: brian.bertsch@fitchratings.com. Additional information is available at 'www.fitchratings.com'. Applicable Criteria and Related Research: --'Corporate Rating Methodology' (May 28, 2014); --'Recovery Ratings and Notching Criteria for Nonfinancial Corporate Issuers' (August 14, 2012); --'U.S. Homebuilding Industry - Recovery Rating Methodology', (April 7, 2008). Applicable Criteria and Related Research: U.S. Homebuilding, Building, and Home Products and Services Recovery Models (Third Quarter 2014) http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=852688 Corporate Rating Methodology - Including Short-Term Ratings and Parent and Subsidiary Linkage http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=749393 Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=813588 US Homebuilding Industry -- Recovery Rating Methodology http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=381568 ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE. (END) Dow Jones Newswires January 09, 2015 08:34 ET (13:34 GMT) 010915 13:34 -- GMT Story ID: JAN092015_DJQ_01Qe Keywords: BOND NEWS, ALL COMPANY NEWS, RATINGS BY FITCH RATINGS INC., BOND RATINGS & COMMENTS, CONSUMER NON-CYCLICAL Symbols: KBH, SPF
Friday: Jobs http://t.co/esS5IV4u4I
Jobless Claims
Released On 1/8/2015 8:30:00 AM For wk1/3, 2015
Prior Prior Revised Consensus Consensus Range Actual
New Claims - Level 298 K 298 K 290 K 280 K to 297 K 294 K
4-week Moving Average - Level 290.75 K 290.75 K 290.50 K
New Claims - Change 17 K 17 K -4 K
Highlights
Initial jobless claims fell 4,000 in the January 3 week to 294,000, helping to pull down the 4-week average slightly to 290,500. The average is trending about 10,000 lower than the month-ago comparison which points to steady improvement underway in the labor market.
Data on continuing claims, which are reported with a 1-week lag, are mixed. Continuing claims in the December 27 week rose a sizable 101,000 to 2.452 million but the 4-week average fell 17,000 to 2.397 million. This average has been steady around the 2.400 million mark since late November. The unemployment rate for insured workers is unchanged for a fourth week at a recovery low of 1.8 percent.
There are no special factors in today's report, one that should firm confidence for healthy readings in tomorrow's 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
Gallup US Payroll to Population
Released On 1/8/2015 8:30:00 AM For Dec, 2014
Prior Actual
level 44.2 44.3
Highlights
December U.S. payroll to population employment rate (P2P) was 44.3 percent in December, virtually unchanged from November's 44.2 percent. The percentage of Americans employed full time for an employer in 2014 did not show a steep end of year decline as it did in 2012 and 2013, offering hope that the P2P metric may strengthen more in the new year.
Workforce participation among U.S. adults dipped slightly from 66.9 percent in November to 66.3 percent in December. Workforce participation measures the percentage of adults aged 18 and older who are working, or who are not working but are actively looking for work and are available for employment. Workforce participation generally falls in the fourth quarter as retirements and layoffs are often pegged to the end of the year. The workforce participation rate has ranged narrowly between lows of 65.8 percent and highs of 68.5 percent since January 2010, but the 66.3 percent in December is among the lowest figures recorded in that time span. Workforce participation since mid-2013 has most often registered below 67 percent, whereas in prior years it was typically higher than that. This pattern reflects both a growing retiree population and declining participation among those still in their prime working years.
Gallup's U.S. unemployment rate represents the percentage of adults in the workforce who did not have any paid work in the past seven days, for an employer or themselves, and who were actively looking for and available to work. Gallup's unadjusted U.S. unemployment rate fell to 5.8 percent in December, continuing a relatively steady decline over the past 12 months, and reaching a new low in Gallup's five year trend.
Gallup's measure of underemployment in December is 15.1 percent, unchanged from November, but still lower than what Gallup has measured in prior years. Gallup's U.S. underemployment rate combines the percentage of adults in the workforce who are unemployed (5.8 percent) and those who are working part time but desire full-time work (9.3 percent). While Gallup's measure of unemployment fell slightly in December from November, the percentage working part time but who want full-time work rose the same amount, leaving the combined underemployment rate the same.
Challenger Job-Cut Report
Released On 1/8/2015 7:30:00 AM For Dec, 2014
Prior Actual
Announced Layoffs - Level 35,940 32,640
Highlights
Challenger's count of layoff announcements for December totals 32,640 vs 35,940 in November and 30,623 in December last year. By industry, announcements were heaviest in food followed by automotive, health care and energy. For the full year, announcements totaled 483,171 which, in a solid indication of labor market health, is the lowest total since way back in 1997.
The Challenger Job-Cut Report could serve as a leading indicator for new jobless claims. However, not all layoff announcements result in near term job losses. For instance, companies often announce layoffs that will result in job losses but not immediately. Companies would simply not replace workers who quit voluntarily.
Data Source: Haver Analytics
FOMC minutes out shortly.
ot: Clear skies tonight will make for excellent viewing of Comet Lovejoy. Next viewing will be 8,000 years from today. Year 10015.
https://twitter.com/NWSBayArea/status/552892892075679745/photo/1
Paul R. La Monica - Consumers are shopping. And eating. All-time highs today for $M $TGT $WMT $SPG $SONC $EAT $DRI $JACK $CAKE $PZZA $BWLD $TXRH $DIN $PLKI.
Fun huh
Homebuilders welcome report of lower FHA fees http://seekingalpha.com/news/2210105-homebuilders-welcome-report-of-lower-fha-fees?source=feed_f … $ITB $XHB $TOL $LEN $HOV $SPF $BZH
The U.S. Federal Housing Administration to cut typical premiums for mortgage insurance to 0.85% from 1.35%, Dow Jones reports.
DOE: US Crude Oil Stocks -3.062 Mln Bbl At 382.393 Mln Bbl
DOE: US Gasoline Stocks +8.115 Mln Bbl At 237.163 Mln Bbl
DOE: US Distillate Stocks +11.205 Mln Bbl At 136.926 Mln Bbl
Crude oil is spiking http://read.bi/1BHSj2o
ADP say US private sector created 241k jobs in December, more than expected.
US November 2014 trade deficit falls to $39.0B, well below forecast $41.5B. http://twitthat.com/wJufj #economy
Micron Reports Q1 Adj. EPS $0.97 vs $0.92 Est $MU
EEEEEE! Same back at you!!!
LOL Move along kid.
earnings calendar: Today after the close look for the following companies to report:
MU, SHLM, TISI, SONC, LNDC
Tomorrow before the open look for the following companies to report:
SVU, MON, RPM, MSM, GBX, UNF
Well I guess I should thank her. She called the bottom on it perfectly with her POS call. Now that she's calling it a POS again...probably time to buy it again! LOL!
Nice play on SPY calls