Good morning folks,
I am back, I had some technical challenges yesterday but they appear to be fixed today.
After the fed statement yesterday Gold and the TLT had a bit of a bounce. Oil is getting hit this morning on a larger than expected inventory build reported by the API yesterday after the close. We get another inventory report today from the EIA which could also impact oil and gas. Germany denied the latest request from Greece and that is putting pressure on European markets. Greece has asked for an extension which will just prolong the final outcome. The indexes remain in overbought territory but many of the continue to hold key levels of support. We may just continue to chop around in this range and work the overbought condition off through time.
Be careful in oil and energy names> including solar, we had a couple of Solar earnings reports after the close that both missed. Airlines, trucking and shipping companies could get a little pop.
Stocks on my Radar
TNK nice daily good earnings beat, EXEL pr 3 dolla roll a bit extended on the daily, ANTH possible continuation for a 5 dolla roll, BLRX 2 dolla roll, NVIV like the daily, CAPN low floater mania may continue caution advised, EPRS upgrade with 13 PT,
NUGT TVIX TZA DUST JDST IBB IWM USO SMH NDAQ for sentiment
CNBC in the News
 | IN THE NEWS TODAY |
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| U.S. stock futures were higher in early trading. Wall Street pared lossesWednesday after the release of the Fed minutes, which indicated no rush to raise interest rates. (CNBC) |
 Starwood Capital chief Barry Sternlicht joins CNBC's "Squawk Box" until 9 a.m. ET to help us look for investment opportunities around the world. |
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| The negotiations surrounding Greece's debt problems moved on today, as the new Greek government formally applied for a six-month extension of its loan and a renegotiation of some its terms. (CNBC) |
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| Oil prices tumbled this morning, as another big weekly build in U.S. crude inventories and a possible rise in Saudi output stoked worries about oversupply. (Reuters) |
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| Wal-Mart CEO Doug McMillon joins CNBC at 11 a.m. ET to talk about the numbers and the future for the retailing giant. |
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| Sony (SNE) is showing off its new SmartEyeglass, which go on sale in the United States, the UK, Germany, and Japan on March 10. They cost $840. (Re/code) |
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| Pinterest is reportedly looking to raise $500 million in funding-a move that would value the digital scrapbook website at a whopping $11 billion, more than double last year's estimate. (WSJ) |
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| High-frequency trading firm Virtu Financial is said to be taking steps to file a revised IPO prospectus. The company delayed its debut last year amid scrutiny of the industry after the book "Flash Boys." (Dow Jones) |
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| Hershey (HSY) is projecting a nearly 60 percent increase to $4.3 billion in chocolate sales in China by 2019-driven by demand from the growing urban population. (Reuters) |
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| It's the first day of the Chinese New Year, with the country ushering in theyear of the sheep, goat or ram (depending on what you call it). Some airports are getting in on the party. (USA Today) |
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| The Midwest, South, and Northeast were bracing for some more snow and record cold, funneling from Russia to the U.S. and Canada in a phenomenon known as the "Siberian Express." (NBC News) |
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| BY THE NUMBERS |
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| President Barack Obama's top economists say that even as the U.S. has managed to kick start a lasting and growing recovery, modest wage gains are far from making up for decades of paycheck stagnation for middle-class workers. (AP) |
| It's another busy day for economic numbers, beginning with the Labor Department's report on initial jobless claims at 8:30 a.m. ET. New filings for unemployment benefits are expected to drop to 290,000 last week, down from 304,000 in the prior period. |
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| At 10 a.m., the Philadelphia Fed Index is forecast to rise to 8.0 for February from 6.3 in January. At the same time, the Conference Board issues its Index of Leading Economic Indicators, seen rising by 0.3 percent after a 0.5 percent increase last month. |
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| The amount of auto loans in the fourth quarter climbed by $86 billion dollars, according to the latest data from Experian, with the strongest growth coming from borrowers with the highest credit ratings. |
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| STOCKS TO WATCH |
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| Regeneron CEO Dr. Leonard Schleifer joins us at 7:30 a.m. ET to talk about the study and the stock's incredible increase of nearly 1,300 percent over the past five years. |
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| Marriott (MAR) beat expectations for fourth-quarter earnings and revenue, helped by particularly strong demand in North America. The hotel chain also surpassed forecasts with first-quarter and full-year 2015 guidance. |
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| Elon Musk's SolarCity (SCTY) reported a loss that was wider than estimates. The residential and commercial solar solutions company spent more money on installations during the quarter, as it sought to complete those projects before a cut in a key federal tax credit. |
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| Avis Budget (CAR) beat estimates with earnings, but revenue missed. The car rental company saw higher volume and stronger pricing in North America, but was negatively impacted by the stronger U.S. dollar. |
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| Foot Locker (FL) increased its quarterly dividend by 14 percent to 25 cents per share, and also increased its stock buyback program to $1 billion from the prior $600 million. |
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Seeking Alpha
Today's Markets:
In Asia, Japan +0.4% to 18265. Hong Kong closed. China closed. India +0.5% to 29462.
In Europe, at midday, London -0.1%. Paris +0.5%. Frankfurt +0.3%.
Futures at 6:20: Dow -0.1%. S&P -0.1%. Nasdaq flat. Crude -3.9% to $50.76. Gold +1.4% to $1216.90.
Ten-year Treasury Yield -7 bps to 2.06%
Notable earnings before today's open: ACTA, AGI, ANIP, ARIA, ATRO, AYR, BBW, BCC, BLMN, BRC, CBB, CCC, CLI, CVI,CVRR, DAN, DAVE, DISCA, DNR, DTV, DWRE, FCN, FUN, GEL, GG, HII, HRL, HST, IDA, IDCC, IMAX, IRC, LINE, LPLA, LXP,MTRN, NBL, NM, PCLN, PDCE, PDCO, PWR, RS, SCG, SGNT, SYNT, TK, TTC, UAN, UPL, VNDA, WMT, WST
Notable earnings after today's close: ACTG, AHS, ANET, AUQ, BAS, BEAT, BLDR, BRCD, BRKR, CYH, ED, EGO, EQIX,EXR, FNGN, FPO, FR, FRGI, FTR, FUEL, GEN, HY, INAP, INTU, IPCM, JWN, MHK, MRC, MRVL, NDLS, NEM, PSA, ROVI,SAAS, SEM, SPN, SPNC, SSRI, TEP, TRMR, TSRO, WIRE, WRE, XNPT, TRUE
Best of Success!
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