Good morning Folks,
Another month will come to an end this week and February is on track to keeps its
streak intact. We are seeing just a hint of red this morning which isn't all that surprising we could just chop around a bit up here as build a base before making our next significant move. There are still some great looking setups out there and we also have some good premarket movers. If you missed this weekends video the link is below and you can skip forward to get to the stocks to watch list. Make sure to hit the follow me button to be alerted whenever I go live. I plan to have a couple of update videos during the week just after the close as market conditions change.
Stocks on the radar
RIGL pr thin gapper, TSEM earnings winner and raised guidance nice daily, RUSS gapper also in video, NXTD pr I wouldn't chase it look for support, IRIX extremely thin has a presentaion this week could be an interesting swing, STXS possible continuation, HPQ has earnings tomorrow considering dipping my toe, SZMK looking for the 8 dolla roll, CLDX popper off pr
NUGT JDST USO TZA TVIX NDAQ UUP SMH SPY IWM IBB for sentiment
Video Link
I was incorrect about WYY earnings they are a month away
Stocks on my radar this morning
CNBC in the News
 | IN THE NEWS TODAY |
 | |
|
| U.S. stock futures were lower in early trading, after the Dow Friday joined the S&P 500 in record territory. The Nasdaq currently sits at 15-year highs, after its fifth highest close ever. (CNBC) |
| The Nasdaq has 5,000 in its sights for the first time since March 2000, when it peaked at 5,135.52. But the dot-com bubble burst shortly thereafter ushered in a punishing slide. (CNBC) |
|
| Closely-followed contrarian Marc Faber told CNBC the real concern of a possible Greek exit from the euro could be "a closer relationship with between Greece and Russia or Greece and China." |
|
| Battered oil prices were lower again early this morning on worries about oversupply in North America, with Brent futures below $60 a barrel and U.S. crude below $50 a barrel. (Reuters) |
|
| But gasoline prices continue their march higher, up 13 cents in the past two weeks to $2.33 per gallon. Since bottoming out in January after a nine-month slide, pump prices have risen 26 cents. (Reuters) |
|
| In a win for Valeant (VRX), which had failed to buy Botox-maker Allergan(AGN), the Canadian drugmaker has agreed to purchase Salix (SLXP) for about $10.1 billion in cash. (Reuters) |
|
| The Obama administration is warning the possible shutdown of the Homeland Security Department due to a budget dispute would harm the nation's ability to counter the extremists. (AP) |
|
| A video purportedly from Somalia's al-Qaeda-linked rebel group al-Shababis urging Muslims to attack shopping malls in the U.S., Canada, Britain, and other Western countries. (AP) |
|
| The port in Oakland, California, appeared to have joined others on the West Coast in resuming its normal operations last night, following Friday's tentative labor agreement between dockworkers and their employers. (AP) |
|
| President Barack Obama today plans to direct the Labor Department to proceed with new rules to rein in conflicts of interests among Wall Street brokers who advise clients on retirement investments. (Reuters) |
|
|
| BY THE NUMBERS |
| |
|
| Before Fed Chair Janet Yellen's testimony tomorrow and Wednesday on Capitol Hill, investors get the week's first major read on the housing market, with January existing home sales this morning. |
| Tomorrow, it's the S&P Case-Shiller home price report, with new home sales released Wednesday and pending home sales out Friday. |
|
|
| STOCKS TO WATCH |
| |
|
| In an SEC filing, Goldman Sachs (GS) said its legal costs may be $3 billion more than it had expected to cover possible penalties for violating laws surrounding mortgage backed securities. |
| HSBC (HSBC) reported lower-than-expected quarterly profit, and cut its stated target for return on equity. The bank also apologized for compliance failuresat its Swiss private bank. |
|
| Japanese chemicals maker Asahi Kasei has agreed to buy Polypore's (PPO) energy storage segment for $2.2 billion. Prior to that acquisition, 3M(MMM) will buy Polypore's filtration business in a deal worth $1 billion. |
|
| Google (GOOG) has won dismissal of a lawsuit accusing the tech giant of forcing Android smartphone makers to designate Google offerings as the default applications. (Reuters) |
|
|
Seeking Alpha
Today's Markets:
In Asia, Japan +0.7% to 18467. Hong Kong flat at 24837. China closed. India -0.9% to 2895.
In Europe, at midday, London -0.3%. Paris +0.2%. Frankfurt +0.4%.
Futures at 6:20: Dow -0.2%. S&P -0.2%. Nasdaq flat. Crude -2.3% to $49.66. Gold -1% to $1192.70.
Ten-year Treasury Yield +2 bps to 2.13%
Notable earnings before today's open: AER, AWI, AXL, CIE, CTB, DISH, DNOW, EDR, KOS, PACD, STAG
Notable earnings after today's close: AGU, ATRC, AXTI, CHGG, DEPO, DK, EIGI, ESRX, FIVN, IVR, KAMN, LNT, NLS, OHI, OKE, OKS, PDLI, QUAD, ROSE, RWT, SF, SNHY, SSW, THC, TRAK, TXRH
Best of Success!
No comments:
Post a Comment