Good morning,
We had a bit of a mixed bag for earnings again last night with NFLX crushing numbers while IBM missed and guided lower. CREE reported decent numbers and you could have a sympathy play with RVLT and LEDS. We have the big ECB announcement tomorrow it wouldn't be surprising to see the market remain in a fairly tight trading range until the announcement is released. GOLD continues to climb as the event approaches and Oil continues its slide.
Some of the stocks that have been leaders in the market appear to be making a bit of a bounce this morning like AAPL and BABA. After running my scans last night I am still mixed on what direction we may be headed in the indexes. SMH actually looks like it may be ready to bounce and the IBB continues to be unbelievably strong.
Stocks on my Radar
SCOK big gapper off of Pr do not chase it can be a pop and flopper wait for a setup, EXK possible continuation and 3 dolla roll, ANV nice setup on the daily, MUX if it can take out 1.50 with conviction could get fun, NVIV Pr active premarket decent looking daily 1.50 seems to be the spot to take out, NAVB news could be at a bounce spot, ECTE pr nice daily , TASR for possible continuation, VJET good bounce spot may be more of a swing, NNVC insider buys thin one be careful
USO TZA TVIX UUP NDAQ SPY IWM IBB NUGT JDST for market sentiment
Seeking Alpha
Today's Markets:
In Asia, Japan -0.5% to 17280. Hong Kong +1.7% to 24353. China +4.8% to 3323. India +0.4% to 28889.
In Europe, at midday, London +0.7%. Paris -0.3%. Frankfurt -0.3%.
Futures at 6:20: Dow -0.2%. S&P flat. Nasdaq -0.1%. Crude flat at $46.39. Gold +0.4% to $1298.70.
Ten-year Treasury Yield flat at 1.81%
Notable earnings after today's close: AXP, BGG, BXS, CBU, CCI, DFS, DLB, EBAY, EWBC, FFIV, KMI, LOGI, PLXS, RJF, SLM, SNDK, TCBI, URI, XLNX
CNBC in the news
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 | IN THE NEWS TODAY |
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| U.S. stock futures were under pressure in early trading, after the Dow was able to wipe out a nearly 200-point loss Tuesday to close higher by a handful of points. Meanwhile, oil prices were rebounding this morning. (CNBC) |
| The middle class must increase its wealth and that must happen through education, Blackstone (BX) Chairman and CEO Steve Schwarzman told CNBC today from the World Economic Forum in Davos, Switzerland. (CNBC) |
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| Private equity billionaire David Rubenstein, co-founder of The Carlyle Group, told CNBC today from Davos, he sees distressed debt as the "single greatest" new energy opportunity. (CNBC) |
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 CNBC's "Squawk Box" is live in Davos with special guests Larry Fink, chairman and CEO at BlackRock (BLK); Andrew Liveris, chairman and CEO at Dow Chemical; Larry Summers, former Clinton Treasury Secretary and former Obama advisor; and Steve Miller, chairman of AIG (AIG). |
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| One day before European Central Bank policymakers gather for their highly anticipated meeting, the Bank of Japan today said it's keeping its massive monetary stimulus in place. (Reuters) |
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| President Barack Obama takes his State of the Union message on the road today, delivering remarks in Idaho, after asking the Republican-led Congress for a broad package of tax and other reforms. (CNBC) |
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| With Republicans now in control of both houses of Congress, freshman Sen. Joni Ernst of Iowa delivered her party's response last night, rejecting the president's policies. (AP) |
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| Dow stock UnitedHealth (UNH) reported fourth quarter profit of $1.55 per share, 5 cents above estimates, with revenue also beating forecasts. The health insurer benefited from an increase in profit margins, among other factors. (CNBC) |
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| Netflix (NFLX) added 4.3 million subscribers in its latest quarter, beating its own guidance. The video streaming company easily beat earnings estimates, while revenues were a bit a light. (CNBC) |
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| The new head of the National Highway Traffic Safety Administration hasordered a review on whether to vastly expand a 2013 recall of Ford's (F) biggest pickup trucks. (NY Times) |
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| Two separate storms are bringing a wintry feel to parts of the north-eastern and south-western portions of the country today. (USA Today) |
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| BY THE NUMBERS |
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| Today's lone government economic report comes at 8:30 a.m. ET, when the government issues December housing starts. Forecasts call for a 1.0 percent increase, which would partially reverse a November drop of 1.6 percent. The Energy Department's usual Wednesday assessment of oil and gasoline inventories is out at 10:30 a.m. ET. |
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| STOCKS TO WATCH |
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| Microsoft (MSFT) will preview more features of its upcoming Windows 10 operating system at an event today to be held at its Redmond, Washington headquarters. |
| Apple (AAPL) has seen major gains in market share in Asian markets since the introduction of the iPhone 6 and iPhone 6 Plus, according to a report from Counterpoint Research. |
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| A U.S. district court judge has rejected 21st Century Fox's (FOXA) claims against Dish Network (DISH). Fox had been trying to prevent Dish from selling its "Hopper" DVR, which lets viewers skip past commercials. |
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| Wynn Resorts (WYNN) CEO Steve Wynn's pay has been cut to $2.5 million annually from $4 million, according to an SEC filing. The casino operator also extended Wynn's contract for two more years until October 2022. |
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| United Continental (UAL) may change existing aircraft orders with Boeing(BA) to buy larger 777-300ER jets. The carrier did not say which jets in its current order it was planning to swap. |
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