Good morning Folks,
Happy Friday its options expiration today which can make things interesting throughout the day. I am expecting more choppy action as markets consolidate for the next move. The Nasdaq looks determined to tag 5000 and the IWM has been holding up really well over the 121 level. Oil is looking a bit weak and gold seems to have lost its luster for now.
Stocks on my Radar
MEIP nice daily, RPTP potential continuation, ASTI possible continuation off earnings beat yesterday, NVIV possible continuation, PTX nine dolla roll, VHC base break out continuation?, YHOO tempting for a swing position, TWTR possible continuation, NSPH and CERE for you penny players could get some follow through today, EPRS gapper upgrade 13 price target, SZMK earnings beat possible gap and go, EXEL 3 dollar roll, VJET gettin interesting again
USO TVIX TZA NUGT DUST IBB IWM SPY NDAQ for sentiment
CNBC in the NEWS
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| U.S. stock futures were higher in early trading, as investors focus on the Greek debt talks. A positive session on Wall Street today could propel theDow and S&P 500 to a third straight week of gains. (CNBC) |
| As the technology-heavy Nasdaq closes in on its all-time high reached in March 2000, investors are facing a market that barely resembles the go-go era of 15 years ago. (Reuters) |
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| Euro zone finance ministers are set to meet today to discuss Greece's latest proposals to extend its loan agreement. But with Germany already rejecting the plan, there's little hope for a deal. (CNBC) |
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| Greek depositors have been pulling money out of banks in record amounts over the last few days. Reports say as much as $28.4 billion have left Greek banks since the end of December. (CNBC) |
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| Google's YouTube plans to release next week a new app for kids to run on smartphones and tablets. It could feature original episodes of popular television shows for preschoolers. (WSJ) |
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| To keep pace with Apple Pay, Google is trying to marshal an unruly coalition of device makers, wireless carriers, banks, and payment networks to shape anew version of its Google Wallet payment service. (WSJ-subscription) |
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| Three months after the State Department confirmed hackers breached its unclassified email system, the government still hasn't been able to evictthem from the network. (WSJ-subscription) |
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| Secretary of Labor Thomas Perez increaed pressure on the two sides haggling over a new contract for dockworkers at West Coast ports, telling them if they don't reach an agreement by today, they'll have to leave California and negotiate in Washington. (AP) |
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| A federal judge has rejected BP's (BP) attempt to reduce the maximum civil fine it could face for its role in the 2010 Gulf of Mexico oil spill, leaving itpotentially liable to pay $13.7 billion. (Reuters) |
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| The new Chinese owner of Waldorf Astoria plans to convert the top floors of the iconic hotel into luxury condominiums. Hilton (HLT) sold the Waldorf to Anbang in October for nearly $2 billion. (The Real Deal) |
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| BY THE NUMBERS |
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| Following a busy two days of economic numbers, today's calendar is light, with only Markit's February Flash Manufacturing PMI set for release at 9:45 a.m. ET. |
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| STOCKS TO WATCH |
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| Nordstrom (JWN) reported earnings that fell short of expectations, while revenue basically matched estimates. The retailer's full-year outlook was well below forecasts. Nordstrom has been increasing its investment in technology upgrades, and promotional activity at its off-price division. |
| Intuit (INTU) reported a smaller-than-expected loss, and quarterly revenue that exceeded estimates. The maker of the TurboTax software also raised projected yearly online subscriber growth for its Quickbooks accounting software. |
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| Yahoo (YHOO) plans to develop a new mobile developer suite. The announcement Thursday was made by CEO Marissa Mayer at the Internet company's mobile conference. |
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| Apple (AAPL) is looking to begin production of an electric vehicle as early as 2020, according to Bloomberg, which would mark a significant departure for the company, known for its consumer technology business. |
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| IDT (IDT) reached an agreement with Cuba's national telecom company to provide international long distance service between the U.S. and Cuba. The company would be the only American carrier to have a direct interconnection into the island nation. |
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Seeking Alpha
Today's Markets:
In Asia, Japan +0.4% to 18332. Hong Kong closed. China closed. India -0.8% to 29231.
In Europe, at midday, London +0.4%. Paris -0.3%. Frankfurt -0.3%.
Futures at 6:20: Dow +0.1%. S&P flat. Nasdaq +0.2%. Crude -0.4% to $51.61. Gold -0.3% to $1204.
Ten-year Treasury Yield +4 bps to 2.11%
Notable earnings before today's open: B, CHH, COG, COMM, DE, ENB, ERF, GOV, HCN, IPGP, IRM, LH, PEG,PNW, SATS, SWC, TC, TFX
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