Wednesday, November 26, 2014

Have a Happy Thanksgiving!

Good morning folks, 
It is likely going to be an uneventful day with low volume. 
We have people traveling for the holiday, and the east coast has a storm on the way. 

I want to wish you all a Happy Thanksgiving! 
Be safe. stay warm and enjoy the time with your family and friends! 

Stocks on my radar

TASR continuation, APT and LAKE for continuation or red to green, BLOX earnings beat gapper, 

JNUG JDST NUGT on radar 

FYI >>>>>>JNUG and RUSL both going to reverse split, date of split is December 23
Seeking Alpha

Today's Markets:
In Asia, Japan -0.1% to 17384. Hong Kong +1.1% to 24112. China +1.5% to 2605. India +0.2% to 28386.
In Europe, at midday, London +0.2%. Paris +0.1%. Frankfurt +0.7%.
Futures at 6:20: Dow +0.1%. S&P +0.1%. Nasdaq +0.2%. Crude +0.1% to $74.15. Gold -0.2% to $1195.60.
Ten-year Treasury Yield flat at 2.26%
Notable earnings before today's open: DESDRLSOL
Notable earnings after today's close: LEDS

In the news today
U.S. stock futures were little changed in early trading, afterWall Street took a break from its record-setting ways. An east coast storm warning and the Thanksgiving holiday promise to make for light trading today. (CNBC)
Today is one of the busiest travel days of the year. And with bad weather developing in the northeastern states, there have already been mass flight cancellations(CNBC)
FlightAware CEO Daniel Baker joins CNBC's "Squawk Box" at 8 a.m. ET to talk about how bad it might get at the airports.
Before hitting the road, there are key economic numbers out today that could provide hints on fourth-quarter growth. Jobless claims, durable goods, personal income, consumer spending (all at 8:30 a.m. ET), Chicago PMI (9:45 a.m. ET), consumer sentiment (9:55 a.m. ET), new home sales, and pending home sales (both at 10 a.m.ET) are on the agenda. (CNBC)
OPEC leader Saudi Arabia signalled today it's unlikely to push for a major change in output at the oil cartel's meetingtomorrow, a day after Russia refused to cooperate in any production cut. Meanwhile, OPEC has denied that members are playing a game of chicken with oil U.S. producers. (Reuters & CNBC)
In its first earnings report since announcing plans to split the business, Hewlett-Packard (HPQ) results mostly met expectations but revenue generated from key subsidies trailed forecasts(CNBC)
HP CEO Meg Whitman joins CNBC's "Squawk on the Street" at 9 a.m. ET to talk about the numbers and the tech giant's split plans.
Twitter (TWTR) has reportedly held talks with Shots, the selfie app backed by singer Justin Bieber. Acquisition plans became the subject of speculation this week after an accidental tweet by the microblogging service’s CFO. (CNBC)
Amazon (AMZN) is holding another Fire sale, offering itspoorly-selling phone for $199 unlocked. That’s $250 off an already reduced price, and it includes a year of Amazon Prime service. (Re/code)
Netflix (NFLX) is suing a former executive—now chief information officer at Yahoo (YHOO)—accusing him of collecting kickbacks from vendors he helped connect to the streaming video company. (Re/code)
CBS (CBS) and Dish Network (DISH) have agreed to again extend talks over a new contract, meaning that Thanksgiving Day programming will not disappear for Dish customers.(Reuters)
A White House veto threat appears to have put on ice a congressional effort to permanently renew a handful ofgenerous tax breaks for businesses and individuals. (AP)
Under an upcoming court-ordered deadline, theEnvironmental Protection Agency today is expected to propose more stringent air quality standards for ground-level ozone, the main culprit in smog. (Reuters)
National Guard reinforcements helped contain the latest protests in Ferguson, Missouri, after a grand jury decided not to indict the white police officer who killed Michael Brown, an unarmed black 18-year-old. (AP)
By the numbers
After a sizable jump in application volume two weeks ago, last week was payback time in the mortgage market. Total applications fell 4.3 percent, according to the Mortgage Bankers Association.
Americans who lost their homes to foreclosure will be able to buy them back at current market value if the properties are owned by housing finance giants Fannie Mae and Freddie Mac.
It’s a light day for corporate earnings, with only Deere & Co. (DE) among major companies releasing reports this morning. There are no companies of note scheduled to issue quarterly reports after today’s closing bell.
After-the-bell TuesdayTiVo (TIVO) fell a penny shy of estimates with quarterly profit of 6 cents per share, with revenue in line with forecasts. But the maker of digital video recorders did see services and technology growth come in at the high end of forecasts.
Stocks to watch
Activist investor Carl Icahn raised his stake in Hertz (HTZ) to 10.77 percent from 8.48 percent. Already the largest shareholder, the billionaire successfully pushed for management  changes at the rental car company.
The Justice Department is said to be investigating whether anHSBC (HSBC) employee may have leaked confidential information to a hedge fund. The U.K. bank self-reported the alleged incident to U.S. and British authorities.
Visa (V) has been sued by rival Discover Financial (DFS).Discover accuses Visa of offering economic incentives to merchants to choose the Visa network for transactions.
With a six-month cooling off period endingthere’s speculation Pfizer (PFE) could make another bid for its U.K. rival AstraZeneca (AZN). Meanwhile, a report by a Jefferies analyst predicted Mylan (MYL) as the most likely acquisition target for Pfizer.
Herbalife (HLF) CEO Michael Johnson bought 750,000 shares, exercising options that were set to expire in December, in what’s being termed a “vote of confidence” in the nutritional products maker’s future.
A state lawmaker in Ohio wants retailers there to pay triple wages for employees who work on Thanksgiving. (AP)
Two California lawmakers plan to introduce legislation to block a possible sidewalk toll on the Golden Gate Bridge. (AP)
Best of Success!