Tuesday, March 24, 2015

Think Again

Good morning folks, 
We have some economic data coming out today and as we talked about over the weekend the IBB was under a bit of pressures yesterday if by chance we get a substantial sell off in the IBB make sure you have the BIS on your radar it could present a good trade opportunity. Oil had a positive day even with some negative headlines out of OPEC. UWTI could be a decent trading vehicle if that trend continues it can be extremely volatile so be careful. GOLD had a nie continuation day and the miners GDX and GDXJ both followed. The metals sector could be heating up and is worth paying attention too. For now the markets are flashing a bit of green premarket lets see if that can continue after the open.

CYBR had a nice day yesterday while FEYE not so much, I am looking for a bounce in FEYE after the Amazon Twitch announcement of a hack. I may be looking to start my swing position in FEYE today. 

Stocks on my radar
ISR pr, insider buying recently was on this weekends watch list, DGLY gapper after earnings, NVIV announced a reverse split so that it can uplist to the nasdaq, LINE pr could get a little pop like the daily, CHK Mr. Icahn took a bit more of a stake I do like the look for a potential long term hold, RADA potential continuation off LMT news yesterday, ARAY had some activity last night like the daily,  VCEL earnings winner and another stock from this weekends video, AFMD pr thin bio like the daily and the press release, RKUS press release nice daily, PACB potential continuation and a 6 dolla holla, NEPT nice pr and daily a break over 2 with volume could send it 

CNBC in the News 

IN THE NEWS TODAY
U.S. stock futures were higher in early trading, after alate selloff Monday kept the Dow and S&P 500alternating between gains and losses for the ninth consecutive session. (CNBC)
For the first time in months, the government's consumer price index is expected to edge higher, with a 0.2 percent increase seen for February, compared to a 0.7 percent decline in January. (CNBC)


Policymakers should wait no more than a few monthsbefore considering raising interest rates, San Francisco Fed President John Williams said in a speech. Those comments had initially supported the dollar. (Reuters)


Oil prices saw wild swings this morning, after activity in China's factory sector dropped to an 11-month low.Saudi Arabia also said its production was close to an all-time high. (Reuters)


In recent months, Facebook (FB) has been quietly holding talks with at least half a dozen media companies about hosting their content inside the social networkrather than making users tap a link to go to an external site. (NY Times)


Twitch-the video game streaming site that Amazon(AMZN) bought for $970 million last year-has been hacked. Users of the popular online site, which allows you to watch others play video games, will be prompted to make a new password. (CNBC)


After a couple of months of tinkering, the former Hulu CEO is ready to unveil his next startup, which will give users chance to pay $3 a month to watch videos they might be used to seeing for free. (Re/code)


The final scene in the courtroom drama of the Ellen Pao trial begins today, when lawyers on both sides of what could be a landmark sex-discrimination lawsuit are likely to begin their closing arguments. (USA Today)


U.S. broadband providers have filed lawsuits against the Federal Communications Commission's recently approved net neutrality rules, launching what's expected to be a series of legal challenges. (Reuters)


An Airbus A320 has crashed in Southern France, a German air traffic control spokesperson told NBC News. The plane, which was flying between Dusseldorf and Barcelona, was operated by Germanwings, which is owned by Germany's Lufthansa. (CNBC)


Negotiations with Iran to curtail its nuclear program were just getting underway when senior White House officials learned Israeli spies were eavesdropping on the closed-door talks. (WSJ)


Half of the households receiving federal Obamacare subsidies last year will have to repay some money back to the government when they file their tax returns,a new analysis estimates. (CNBC)


Toby Cosgrove, CEO of the Cleveland Clinic, joins CNBC's "Squawk Box" at 7:40 a.m. ET to evaluate the president's health care plan five years later.


Angelina Jolie has had her ovaries and fallopian tubes removed after tests indicated possible signs of cancer,the actress announced in a New York Times op-ed, two years after she underwent a preventative double mastectomy. (NBC News)



BY THE NUMBERS
Business activity in the euro zone hit a 46-month highin March, according to data released today, bolstering hopes that growth in the region is becoming more entrenched.
In addition to the CPI, two U.S. housing reports are out this morning. First, it's the FHFA home price index at 9 a.m. ET. Then new home sales numbers for Februaryare issued at 10 a.m. ET, with expectations for a 4.2 percent drop versus a 0.2 percent decline in January. Bad weather is expected to a spoiler as it was inMonday's existing home sales report


It's a light day for corporate earnings, with McCormick(MKC) leading the before-the-bell reports. Sonic (SONC) and Steelcase (SCS) are among the quarterly results set for release this afternoon after the market closes.


STOCKS TO WATCH
Billionaire Carl Icahn has increased his stake inChesapeake Energy (CHK) to 73 million shares, up from 66 million shares in December. Meanwhile, the oil and gas company lowered its 2015 capital expenditures by $500 million, citing weak commodity prices.
Business research firm IHS (IHS) trimmed its full-year revenue and adjusted profit forecasts due to capex cuts by oil producers amid a slump in oil prices and a strong dollar.


General Motors (GM) is investing $350 million to build itsnext-generation Chevrolet Cruze compact in Mexico. It's part of a $5 billion investment plan in plants south of the border that the automaker announced last year.



Seeking Alpha
Notable earnings before today's open: GIIIHDSIHSMKC
Notable earnings after today's close: CBKSCSSONCTRQ

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