Good morning folks,
Retail sales were not as robust as they were anticipated to be, gold and silver are bouncing a little bit and oil continues to drift lower. The markets are flashing red before the open lets see if that continues. A pull back would be healthy and not exactly a big surprise after the run we have had.
Stocks on my radar
CYBR and FEYE after the Sony news, CNIT pr decent daily thin china name don't chase it, QSII possible 15 dolla holla off pr, ISR PR breakout premarket like the daily, SSH former runner pr thin, GRPN decent daily upgrade for BAC,
Market take
http://www.screencast.com/t/845mIlIlP3xi
Stocks 2 Watch
http://www.screencast.com/t/TUuQSFxtNul
CNBC in the news
| In the news today |
|---|
| U.S. stocks were lower in early trading, following oil prices lower. Weak economic data in China and aMoody's downgrade of Japan's credit rating were also putting pressure on global markets. (CNBC) |
As oil drops to more than four-year lows, analysts are cutting their forecasts, with some predicting prices could plunge another 40 percent to around $40 a barrel. (CNBC)
 Kevin Book at ClearView Energy Partners and S&P's David Blitzer join CNBC's "Squawk Box" to talk oil and markets at 8 a.m. ET and 8:30 a.m. ET respectively. |
| U.S. crude exports to Asia are grinding to a halt just four months after they began, in a sign of how an aggressive strategy by Gulf producers to defend their market share is starting to pay off. (Reuters) |
| U.S. oil producers have been drilling new shale wells in recent years, even in the face of lower oil prices. Butnew data suggests that the anticipated slowdown there may have finally arrived. (Reuters) |
| Retailers are hoping for a better Cyber Monday. Sales on Thanksgiving and Black Friday fell 0.5 percent, while spending for the four-day weekend was seen dropping 11 percent. (USA Today & NY Times) |
| At least five new movies from Sony Pictures are being watched on copyright-infringing, file-sharing hubsonline in the wake of a hacking attack that hobbled the studio earlier in the week. (NBC News) |
| Emails from Steve Jobs in past lawsuits have made the Apple (AAPL) co-founder an exceptional witness against the tech giant, even from beyond the grave. (NY Times) |
| Supreme Court is set to hear arguments today on whether violent language should be considered free speech or a threat. It's a case involving posts on Facebook (FB) by man who said he was just venting anger and meant no harm. (AP) |
| President Barack Obama today plans to hold meetings to discuss Ferguson, Missouri. Meanwhile, Darren Wilson—the Ferguson police officer who shot and killed Michael Brown—has resigned from the force. (AP & WSJ) |
| Lawmakers returning to Capitol Hill today have less than two weeks to figure out how to keep the government funded, amid a fight between Republicans and the White House over immigration. (WSJ-subscription) |
Today's Markets:
In Asia, Japan +0.8% to 17590. Hong Kong -2.6% to 23367. China -0.1% to 2681. India -0.5% to 28560.
In Europe, at midday, London -0.8%. Paris -0.5%. Frankfurt -0.4%.
Futures at 6:20: Dow -0.4%. S&P % -0.4. Nasdaq -0.2%. Crude -1.3% to $65.29. Gold flat at $1175.80.
Ten-year Treasury Yield flat at 2.18%
In Asia, Japan +0.8% to 17590. Hong Kong -2.6% to 23367. China -0.1% to 2681. India -0.5% to 28560.
In Europe, at midday, London -0.8%. Paris -0.5%. Frankfurt -0.4%.
Futures at 6:20: Dow -0.4%. S&P % -0.4. Nasdaq -0.2%. Crude -1.3% to $65.29. Gold flat at $1175.80.
Ten-year Treasury Yield flat at 2.18%
Today's economic calendar:
8:30 Gallup US Consumer Spending
9:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
11:00 Global Manufacturing PMI
8:30 Gallup US Consumer Spending
9:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
11:00 Global Manufacturing PMI
Notable earnings before today's open: IKGH
Best of Success!
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