Good morning folks,
First let me start by saying
Happy New Year!
Then let me say..
HOW ABOUT THOSE BUCKEYES!!!!!!!
What an awesome game, and for me at least, it was a great way to usher in the New Year!
Markets are bouncing as oil makes new lows pre-market. I expect today to be another low volume day with thing normalizing a bit next week. I am probably in chill mode today unless there is something so sweet I just can't pass it up.
Make sure you check in this weekend> Buddy is going to give his Speculative stock pick for 2015!
Stocks on the radar
BCLI continuation> gapper don't chase it, RGLS active premarket, KITE gorgeous chart caught an upgrade, ARWR possible continuation, VJET DDD XONE watching the sector, SPPI active premarket off pr big short interest can be a pop and flopper, RESN thin float possible continuation
TVIX TZA GLD USO SPY NDAQ IWM JDST NUGT IBB for market sentiment
CNBC in the News
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| Futures point to a higher open for U.S. stocks after a bullish year ended on a bearish note, with a late selloff trimming the year’s gains on 2014’s final trading day Wednesday. Nonetheless, the S&P 500 chalked up its third straight year of double-digit gains, its longest streak since a five-year run from 1995 to 1999. |
| The euro sank to a 4-1/2-year low on Friday after comments from European Central Bank President Mario Draghi suggested the institution could soon start buying the sovereign debt of member states. Draghi said the risk of the bank falling short of its mandate on inflation targeting had risen. (Reuters) |
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| China’s official Purchasing Managers’ Index fell to 50.1 in December, the lowest level for 2014 and just above the 50-point level that divides growth and contraction. The reading is seen as a sign of disinflation as factories may have to cut prices. (Reuters) |
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| Yahoo (YHOO) has considered purchasing a cable television network and has particular interest in Scripps, the parent of HGTV, the Food Network, and the Travel Channel, Business Insider reported. A Yahoo source said the company held talks with Scripps to acquire the Food Network. (Business Insider) |
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| General Motors (GM) issued three new recalls for nearly 84,000 trucks and SUVs, saying problems with the ignition may cause it to get stuck. The move brings GM’s total number of recalls for 2014 to 84. (CNBC) |
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| Hyundai-Kia expects the slowest sales growth in 12 years in 2015 due to capacity constraints and weak market demand, the company said. The No. 5 carmaker sees growth of 2.5 percent this year, with expected total car sales of 8.2 million, below analyst forecasts. (Reuters) |
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| Mergers and acquisitions activity reached nearly $3.5 trillion in 2014, the highest level since 2007, the New York Times reported. Dealmakersannounced more than 40,000 transactions last year, in part due to cheap debt financing and accelerating stock prices. (NYT) |
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| U.S. box office receipts fell about 5.3 percent in 2014 from the previous year, the Los Angeles Times reported. American movie-goers spent an estimated $10.3 billion last year as studios released fewer blockbusters than they did in 2013. (LA Times) |
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| Digital album sales fell 9 percent in the United States in 2014, and online song sales slipped 12 percent, according to Neilsen data, the Financial Times reported. Meanwhile, audio and video streaming increased more than 50 percent. (Financial Times) |
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| BY THE NUMBERS |
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| Today will bring the first two economic reports of 2015, both at 10 a.m. ET. The Institute For Supply Management will issue its December manufacturing index, expected to drop to 57.4 from November’s 58.7. And the government will issue November construction spending data, with economists looking for a 0.4 percent rise after October’s 1.1 percent gain. |
| Once again, there are no corporate earnings on the calendar for today. |
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| STOCKS TO WATCH |
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| Civeo (CVEO) is once again a stock to watch, with Jana Partners selling its 11.5 percent stake in the provider of housing for oil service workers. The stock had been in the news earlier this week, plunging after announcing a cut in spending and a weaker than expected profit forecast. |
| Novartis (NVS) completed the $5.4 billion sale of its animal health divisionto Eli Lilly (LLY). |
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| Dish Network (DISH) is the latest pay-television provider to make Sony’s (SNE) “The Interview” available to its viewers. |
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Las Vegas Sands (LVS), Wynn Resorts (WYNN), and MGM Resorts (MGM) will be on watch today, following news that gaming revenue in Macau was down 30 percent in December compared to a year earlier. The three companies all operate casinos in the Chinese enclave.
Seeking Alpha
Today's Markets:
In Asia, Japan closed. Hong Kong +1.1% to 23858. China closed. India +1.4% to 27888.
In Europe, at midday, London -0.2%. Paris -0.4%. Frankfurt -0.8%.
Futures at 6:20: Dow +0.4%. S&P +0.4%. Nasdaq +0.4%. Crude +0.8% to $53.69. Gold -0.1% to $1183.30.
Ten-year Treasury Yield +3 bps to 2.21%
Best Of Success !
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