Tuesday, March 31, 2015

Have a Tremendous Tuesday!

Good morning folks,
We had a nice gap up and grind day yesterday. 
Those can be very challenging days to try and day trade. I took a couple of small swing positions but I was not very active with the day trades. 

Today it appears as though we will be giving some of those gains back as the markets are flashing red. We could fill the gaps that were created yesterday or we could just trade in a range for a bit until the market picks its direction for the new trend.

Oil is feeling some pressure ahead of the Iran decision which could bring on more supply to an already burgeoning stockpile of crude. 

Stocks on my Radar Premarket
OBCI earnings decent daily very thin, PACB possible continuation, COCP Nice looking daily would consider for a DT only, SYZM hot daily looking like it wants to take out 3 again, APDN priced its offering @ 3 a share another thin one, SGMS possible bounce play off news, OSIR nice looking daily, DANG earnings possible nine dolla roll, EXEL daily possible continuation, ATRS pr gapper off pr nice looking daily,     

CNBC in the NEWS

IN THE NEWS TODAY
U.S. stock futures were lower in early trading, after Monday's strong rally put the Dow and the S&P 500 back into positive territory for the first three months of the year ahead of this last day of the first quarter. (CNBC)
The dollar index, a measure against a basket of currencies, was on pace for its third quarterly gain in a row. Against the euro, which was down this morning, the dollar was up about 10.5 percent in 2015 . (Reuters)

Oil was sharply lower this morning. U.S. crude prices have lost more than 8.5 percent in the first three months of 2015-tracking for a third straight quarterly loss for the first time in 2003. (Reuters)

The nuclear talks between Iran and six nations, including the U.S., were pressuring oil prices ahead of a midnight deadline to reach a preliminary deal that could ease sanctions and allow more Iranian crude onto world markets. (AP)

IBM (IBM) is investing $3 billion in a unit centered on the Internet of Things. The unit's first partnership is with the Weather Channel's parent to move its data services into the IBM cloud. (AP)

Cablevision (CVC) plans offer $1 to buy the New York Daily News this week. Last month, owner Mort Zuckerman hired Lazard to assist withconsideration of a possible sale. (Reuters)

Starbucks (SBUX) debuts a new line of smoothies, priced at $5.95 for a 16-ounce size, at U.S. shops today, as part of a partnership with the maker of Dannon yogurt. (Reuters)

McDonald's (MCD) is introducing table service in Germany, while testing all-day breakfast in San Diego, as the fast-food chain tries to reinvent itselfunder new leadership. (Reuters & CNBC)

Republican Gov. Mike Pence of Indiana is responding to critics of the state's controversial "religious freedom" law, writing in an op-ed that Obamacare not discrimination was the driver. (WSJ)


Millions of Americans have no savings set aside for a rainy day, leaving them in serious jeopardy if financial calamity strikes, according to two new studies released this week. (USA Today)

BY THE NUMBERS
Investors get a look at January home price data at 9 a.m. ET, when the latest Case-Shiller report is released. Economists expect it to show a 4.8 percent year-over-year increase in January for the nation's largest markets, compared to a 4.5 percent rise in December.
At 9:45 a.m. ET, the Chicago purchasing manager's index is seen rising to 51.0 for March from 45.8 in April. Then at 10 a.m. ET, economists are expecting the Conference Board's consumer confidence index is expected to post a March reading of 96.8 from February's 96.4 level.

Movado Group (MOV) is among the few companies releasing quarterly earnings this morning, while the after-the-bell schedule is extremely light. Meanwhile, GoDaddy is expected to price its IPO tonight-selling 22 million Class A shares between $17 and $19 each. The ticker symbol is GDDY.

Tax collections from individual Americans last year reached their highest share of the U.S. economy in seven years, while corporate tax revenue again lagged historical averages, a new congressional report showed.

STOCKS TO WATCH
Philips Electronics (PHG) has agreed to sell an 80.1 percent stake in itslighting division for $2.8 billion to technology fund Go Scale Capital. Philips, which started making light bulbs 123 years ago, has vowed to focus on higher-margin pursuits.
Colorado-based Vail Resorts (MTN) is buying Perisher Ski Resort, the largest mountain destination in Australia for $136 million, in its first international acquisition. CEO Rob Katz told CNBC the deal gives Perisher season pass holders access to all of Vail's U.S. resorts.

Online fashion retailer Net-a-Porter will be combined with Italian online clothing company Yoox in a deal that creates a company with annual revenue of more than $1.3 billion. Forbes had reported last week thatAmazon (AMZN) was in talks to buy Net-a-Porter.

In the latest sign of the importance of its drone program, Amazon has hired the former No. 2 executive at the Air Line Pilots Association to help with the project, according to the Wall Street Journal.

Johnson & Johnson (JNJ) and GlaxoSmithKline (GSK) settled a lawsuit over allergy adsJ&J's McNeil unit had accused Glaxo of making unsupported claims about advantages of its Flonase product over J&J's Benadryl and Zyrtec.

Shutting down Herbalife (HLF) is "one of the most important thingsBill Ackman said he can do. The activist investor made his comments at a meeting of the Council of Institutional Investors, speaking about his massive short.

Seeking Alpha 
Notable earnings before today's open: CONNDANGMOVSAICVTNR
Notable earnings after today's close: DCOLNDCPRGNRGSESNX