Thursday, March 12, 2015

Celebrate

Good morning folks, 
Yesterday the markets were unable to hold their gains as the bears appear to be empowered. That could continue however, we are approaching moving averages and price areas for support on some of the indexes and we could get a some type of bounce, GLD caught my eye as a possible snap back play so NUGT GDX GDXJ are on watch. The Dollar continues to spike higher and Oil is still under pressure with nos signs of inventory levels dropping anytime soon. IBB continues to impress me with the amount of strength it is displaying. Like I said this weekend who knows if this is just a small dip to buy or something more substantial like the beginning of a 10 to 15 percent correction. Regardless there are always opportunities out there off this last weeks video AMPE TNXP ARAY and CYTX had some decent moves.
 We have some high profile names under pressure this morning like BOX SHAK ACAD financials could be in play after the results last from last night. C BAC GS   

 Stocks on my Radar
RAD nearing my buypoint to start rebuilding a swing, SZYM already swinging with lottos looking for continuation, AMRN pr gappin I would be careful don't chase it, SCLN earnings beat small gapper I like the daily, LL possible bounce continuation THEY HAVE A CONFERENCE CALL TODAY, SSH already swinging looking for bounce, 

CNBC in the NEWS 

IN THE NEWS TODAY
U.S. stock futures were higher in early trading, with investors looking for a bounce back after two days of losses on Wall Street as concerns over the strong dollar and the Fed continued. (CNBC)
The euro rose against the dollar for the first time in two weeks, recovering from a 12-year low hit earlier today, as a sustained sell-off in the single currency took a pause. (Reuters)
Gold prices were snapping an eight-session losing streak this morning, after settling in New York trading Wednesday at their lowest level since November. (Reuters)
Roger Altman, former Clinton administration official and Evercore Partners (EVR) founder, joins CNBC's "Squawk Box" at 8 a.m. ET to help us make sense of the stronger dollar and its impact on global markets.
United Technologies (UTX) plans to possibly spin-off or sell its Sikorsky Aircraft unit, which builds the Marine One chopper that presidents use, as well as the Black Hawk military helicopter. (FT)
The Fed has mostly approved the capital plans of global banks. The U.S. units of Deutsche Bank and Santander were among the exceptions, whileBank of America (BAC) was allowed to repurchase stock but ordered to address deficiencies. (CNBC)
Veteran banking analyst Mike Mayo, CLSA Americas managing director, joins us at 8:15 a.m. ET to break down the Fed stress tests.
Lumber Liquidators (LL) holds a conference call this morning with investors, as it more fully responds to the recent "60 Minutes" story on the safety of its flooring products. (CNBC)
Alibaba (BABA) is investing $200 million in Snapchat, as the disappearing mobile messaging start-up engages in another funding round, valuing the company at around $15 billion. (Reuters)
With fresh capital and the backing of a big Japanese company, U.S. ride-sharing service Lyft has been valued at $2.5 billion as it looks to take on rival Uber. (CNBC)
Almost two weeks since the FCC approved controversial new rules for the Internet, the agency may be ready to release the 300-or-so-page net neutrality document today. (Re/code)
Two police officers were shot during a protest outside Ferguson, Missouri police headquarters early today, just hours after the city police chief quit following a critical Justice Department report. (Reuters)
Louisiana Gov. Bobby Jindal, a possible 2016 GOP presidential candidate, told CNBC he's a "full-spectrum conservative," while criticizing other Republicans for not trying hard enough to repeal Obamacare. (CNBC)

 
BY THE NUMBERS
The Commerce Department is out with February retail sales figures at 8:30 a.m. ET, with economists looking for a 0.2 percent increase after a 0.8 percent drop in January.
The Labor Department releases initial jobless claims figures at 8:30 a.m. ET, with 305,000 new filings for unemployment benefits expected for last week, compared to 320,000 the prior week.
February import and export prices are also issued at 8:30 a.m. ET, with investors looking at how the stronger dollar might impact this report.
January business inventories, out at 10 a.m. ET, are expected to come in unchanged, compared to December's 0.1 percent increase. Meanwhile, the Energy Department issues its weekly look at natural gas inventories at10:30 a.m. ET.
Dollar General (DG) is among the companies out with quarterly earnings this morning, along with Hovnanian (HOV), Vail Resorts (MTN), and Revlon(REV). Aeropostale (ARO), El Pollo Loco (LOCO), and Zumiez (ZUMZ) are on today's after-the-bell earnings list.
Box (BOX) late Wednesday reported a quarterly loss on increasing operating expenses. The cloud storage company is disputing calculations that show its loss was larger than forecasts, saying the estimates were based on an erroneous share count.
Shake Shack (SHAK), in its first quarterly report since going public, lateWednesday issued a fourth-quarter loss, and said same-restaurant sales growth would slow this year.
STOCKS TO WATCH
General Electric (GE) is thinking about making deeper cuts in its banking business, as it considers whether returns from lending are worth the ire from investors, according to the Wall Street Journal.
Pilgrim's Pride (PPC), Tyson Foods (TSN), and Sanderson Farms (SAFM) may be under pressure once again today, as various countries ban imports of certain poultry products following the discovery of avian flu in a commercial turkey flock in Arkansas.

Acadia Pharmaceuticals (ACAD) announced the retirement of its CEO, and also said it won't seek FDA approval for its Parkinson's drug until the second half of the year.
Seeking Alpha
 Today's Markets: 
In Asia, Japan +1.4% to 18991. Hong Kong +0.3% to 23798. China +1.8% to 3349. India +1% to 28930.
In Europe, at midday, London +0.8%. Paris -0.1%. Frankfurt -0.1%.
Futures at 6:20: Dow +0.2%. S&P +0.3%. Nasdaq +0.3%. Crude +0.9% to $48.59. Gold +0.8% to $1159.60.
Ten-year Treasury Yield -2 bps to 2.11%
Notable earnings before today's open: BONT, CMN, CRME, CSTM, CVGW, DG, GCO, GLP, HOV,JASO, KIRK, LEAF, MTN, PGEM, PLCE, PWE, QIWI, RICE, SMRT, SNSS, TLP
Notable earnings after today's close: ANAC, ARO, ATHX, EGY, FF, FTD, FXCM, GST, HIL, IRET,IRG, JMBA, KRO, KTOS, LOCO, MED, OMED, PPHM, RMAX, TEAR, ULTA, ZUMZ
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