Good morning folks,
We get more economic data, stress test results from the banks and Mario Draghi is set to speak today. The markets had a little pullback yesterday but nothing to get concerned about for now it continues to be healthy consolidation. Oils bounce on a bigger than expected inventory build was interesting and it will be somewhat telling if oil continues to climb through the end of this week. IBB continues to be the pillar of strength and it looks like that could continue.
Stocks on my Radar
PEIX earnings beat 10 dolla holla looking for intraday setup, HTGC more of a swing, company announced share buyback, TGTX looking for 15 dolla roll, EYES gapper off pr shorts could get squeezed, NVAX nice looking daily earnings this morning, CVO some insider buying seems like its at a key spot, ISR possible continuation,AVEO potential continuation, PTN potential continuation, RGDO potential continuation, VSLR testing 50 day, CTIC nice look on the daily,
CNBC in the News
 | IN THE NEWS TODAY |
 | |
|
| With the European Central Bank meeting and Friday's jobs report looming, stocks are coming off their worst two-day stretch since late January, in the wake of Nasdaq's brief foray over the 5,000 mark. (CNBC) |
| Traders are hoping for more details on the European Central Bank bond-buying program when ECB President Mario Draghi speaks at 8:30 a.m. ET, after the bank's rate-setting meeting in Cyprus. Live blog (CNBC) |
|
| China has set its GDP growth target at "around 7 percent" for 2015, the lowest in 11 years, focusing on quality over quantity as it overhauls its growth model. (CNBC) |
|
| Brazilian monetary officials have hiked interest rates to a six-year high to combat inflation and curb currency declines, but economists say the move only tips the country closer to recession. (CNBC) |
|
| Employers cut fewer jobs in February than in the previous month, but total layoffs remained high compared to a year ago as the energy sector continued to slash employment, according to a report by Challenger, Gray & Christmas. |
|
| Millionaires-in-the-making are different in several ways from people who are already millionaires, a new study reveals, with up-and-comers including more women and minorities. (USA Today) |
|
| Hillary Clinton has asked the State Department to release all of her emails from her four years as Secretary of State, breaking her silence on the disclosure she used a private email address for official government business. (NBC News) |
|
| Sheriffs from Colorado, Kansas, and Nebraska has claimed in a lawsuitthat Colorado's marijuana law violates the Constitution. They want a federal court to strike it down. (USA Today) |
|
| From Texas to New York City, residents were bracing for yet another round of snow and ice today. But once this storm moves out, there should finally be a break from the winter that never seems to end. (NBC News) |
|
|
| BY THE NUMBERS |
| |
|
| Ahead of tomorrow's release of the February employment report, the Labor Department issues its Thursday look at jobless claims at 8:30 a.m. ET, with economists expecting first-time filings for unemployment benefits of 296,000 last week, down from 313,000 the prior week. Meanwhile, the government releases revised fourth-quarter productivityfigures at 8:30 a.m. ET, with forecasts calling for an annual rate drop of 2.3 percent, bigger than the prior estimate of a 1.8 percent decline. |
| At 10 a.m. ET, the government is out with January factory orders, seen rising 0.4 percent after a 3.4 percent drop in December. Then at 10:30 a.m. ET, the Energy Department releases its weekly look at natural gas inventories. |
|
| Helped by a tax benefit related to its special cash dividend, Costco(COST) early Thursday reported quarterly profit of $1.35 per share, 17 cents above estimates. Overall revenue was slightly below estimates, butsame-store sales rose a better-than-expected 8 percent during the quarter. |
|
| Brooklyn, New York-based Etsy, which operates a website that sells handmade goods and craft supplies, has filed with U.S. regulators for aninitial public offering. |
|
|
| STOCKS TO WATCH |
| |
|
| Simon Property Group (SPG) is mulling a bid for rival mall owner Macerich (MAC), according to the Wall Street Journal. Simon hasn't made a formal offer as yet, although it did reveal a 3.6 percent stake in Macerich last year. |
| Caesars Entertainment (CZR) won court approval to spend $334 million through April 3. Some creditors of the bankrupt casino operator had registered objections the plan. |
|
| Citigroup (C) sold its nearly 10 percent stake in Turkey's Akbank for $1.2 billion, as it continues its move to dispose of overseas assets. |
|
|
Seeking Alpha
Today's Markets:
In Asia, Japan +0.3% to 18751. Hong Kong -1.1% to 24193. China -0.95% to 3248. India +0.2% to 29448.
In Europe at midday, London +0.2%. Paris +0.5%. Frankfurt +0.3%.
Futures at 6:00: Dow flat. S&P flat. Nasdaq +0.1%. Crude +1.5% to $52.30. Gold -0.1% flat to $1199.80.
10-year Treasury Yield flat at 2.12%
Notable earnings before Thursday’s open: ACRE, AMRC, AXAS, BKCC, BRLI, BTE, CECE,CIEN, CNQ, COST, CSIQ, CTCM, CVGW, DATE, EXK, GTN, JOY, KR, MEI, NAVB, PRFT, SFE
Notable earnings after Thursday’s close: ADUS, ALDW, ALJ, ATSG, CKP, COO, DMD, DMND,EBS, ERII, ESL, FNSR, FRM, GALE, HCI, ICEL, MNTX, SKUL, TFM, THO, VMEM, WX, YY,ZQK
No comments:
Post a Comment