Tuesday, April 14, 2015

Change is good

Good morning Folks 
Earnings season is picking up and from what I have seen so far earnings and guidance have been a mixed bag so far. 

It is looking more and more likely things are not going to end well in Greece. I have seen several headlines and tweets suggesting that a default is a real possibility if that happens I would imagine the initial reaction would be negative. 

Stocks on my premarket radar

RDNT pr this morning gapper thin do not chase it possible 10 dolla holla, BCLI press release gapping 5 dollar roll recent PT of 14 could be a runner thin float nice daily, ALU and NOK in possible merger talks both daily charts are interesting, FEYE ,TWTR, GE, TASR(pr)  all for potential swing Entry, CLNE off my watch list this weekend, getting a little bump on PR did the six dolla holla premarket possible continuation, SZYM pr gapper off pr of collaboration with FTK  both stock have been on my radar for several weeks, ZIOP possible bounce spot, YANG potential continuation China GDP tomorrow, BLDR looks to have some follow through I would not chase it, 

CNBC in the NEWS

U.S. stock futures were mixed in early trading, after the Dow andS&P 500 were unable to extend their winning streaks to four sessions Monday. Financials were higher though, ahead of today's bank earnings. (CNBC)
JPMorgan (JPM) this morning reported earnings and revenue that beat expectationsWells Fargo (WFC) is also out withquarterly results this morning, and so is Johnson & Johnson(JNJ). (CNBC)

Citigroup (C) chief Michael Corbat shuffled top managementacross three continents, appointing a clear No. 2 and naming a rising star to head the bank's consumer unit. (WSJ-subscription)

Procter & Gamble (PG) appears to be laying the groundwork for CEO A.G. Lafley to depart as soon as this summer, and hand the top job to an internal successor. (WSJ)

In a letter to the CEOs of the nation's 500 largest companies,BlackRock (BLK) chief Larry Fink is warning that they're being too generous to investors in the form of ever bigger stock buybacks and dividends. (NY Times)

IBM (IBM) is creating a new Watson Health unit, in an extension of its data analytics partnership with Apple (AAPL), using information gathered by Apple devices. (Reuters)

Finland's Nokia (NOK) confirms it's in advanced merger discussions with Alcatel Lucent (ALU) of France to create a global networking giant. The companies have combined revenues of about $27 billion. (CNBC)

Activist investor Bill Ackman-who's been shorting Herbalife(HLF) stock-said senior executives at the nutritional supplement company are hiring, or looking to hire, their own criminal defense attorneys. (CNBC)

Democrat Hillary Clinton is making her 2016 presidential campaign debut in Iowa today. Meanwhile, newly announced GOP candidate Marco Rubio joins his Senate colleagues for ahearing on Iran. (AP)

The top-earning 1 percent of Americans will pay nearly half of the federal income taxes for 2014, the largest share in at least three years, according to a study. (CNBC)

The CDC said Royal Caribbean's (RCL) Legend of the Seas and its Celebrity Infinity experienced outbreaks of Norovirus, causing 228 passengers and crew members gastrointestinal distress. (CDC)

An Alaska Airlines (ALK) flight made an emergency landing in Seattle, after the pilot heard banging from within the plane, which officials said came from a ramp worker who had fallen asleep in the cargo hold. (CNBC)

OPEC has published a stinging critique of oil-producing countries that have refused to follow the group's lead in holding back supply in an effort to boost prices.
Investors get a double-dose of economic numbers at 8:30 a.m. ET, when the government releases both the producer price index and retail sales for March. At 10 a.m. ET, the government is out with February business inventories.

In addition to this morning's results from major banks and J&J, earnings from Dow stock Intel (INTC) and Dow transport CSX(CSX) are set for after the closing bell.

Norfolk Southern (NSC) late Monday said it expects to earn a dollar per share for the first quarter, below current estimates of $1.25. The rail operator cited slower coal volumes and a reduction in fuel surcharge revenue.

Pep Boys (PBY) late Monday reported an adjusted quarterly loss of five cents per share, compared to estimates for a three cent per share profit. Revenue was also shy of estimates, but the auto parts retailer said it's seeing a turnaround in the current quarter.

Amazon (AMZN) has reached a multi-year publishing deal withNews Corp. (NWSA) owned HarperCollins, according to the Wall Street Journal and other media reports.
Alibaba (BABA) has instituted a number of measures to fight counterfeit goods, following a strongly worded critical letter from the American Apparel & footwear Association to the U.S. Trade Representative Michael Froman.

Avon Products (AVP) postponed its annual investor meeting, originally set for May 13, until the fall. Avon said the delay will allow the new CFO time to prepare for "a more robust discussion" of turnaround strategies.

JetBlue (JBLU) is the quickest U.S. airline to cancel flights during storms, according to Reuters analysis. The study said that policy may help customers get to their destinations more reliably.

Seeking Alpha
Today's Markets:
In Asia, Japan flat at 19909. Hong Kong -1.6% to 27561. China +0.3% to 4136. India+0.6% to 29044.
In Europe, at midday, London +0.1%. Paris -0.4%. Frankfurt -0.4%.
Futures at 6:20: Dow -0.2%. S&P -0.2%. Nasdaq -0.3%. Crude +1% to $52.45. Gold-0.8% to $1189.30.
Ten-year Treasury Yield -1 bps to 1.94%
Notable earnings before today's open: FASTJNJJPMSJRWFC
Notable earnings after today's close: CSXINTCLLTC