Thursday, April 9, 2015

Happy Thursday!

Good morning folks, 
AA earnings were actually pretty decent, even though the stock is not reacting as though they were. The numbers out of Germany are better than expected and after the Fed statement that basically suggests that we aren't likely to see a raise in interest rates in the very near future we could be ready to resume our ascent. 
We have some economic data out this morning with chain store sales,  jobless claims, and  wholesale trade then we have Mario Draghi giving a speech which could have an impact on our markets.
Technically it looks like we may want to break the short term downtrend we have been in, The IBB had a nice bounce yesterday and the IWM is holding up over that 122 mark. 

I am not raising the all clear flag but things are looking a little more bullish to me. However, what really matters is earnings, expectations are so low that if they come in better than anticipated we could have a powerful little rally.  

Several of the overseas markets are looking very strong just take a look at the EEM and the EWZ.

Stocks on my radar Premarket
TASR To me its not a matter of IF but WHEN every street officer in the country be wearing cop cams it seems like these tragic events like South Carolina and Ferguson are increasing   DGLY also plays in the space but TASR is the clear dominant leader and more of a long term hold or swing for me, YHOO and BABA both had a little bounce yesterday we could see some continuation, FEYE and CYBR nice action yesterday looking for continuation, VJET continuation actually the 3D printer space looks good SSYS XONE ONVO, ATRS possible 3 dolla holla, GERN four dolla roll Like the daily,   NVGN big gapper off what appears to be big news thin floater be careful I wouldn't chase it but looks for an intraday setup, SLTD pr gapper off record sales announcement another thin one, AMCN big mover yesterday another press release this morning could be a continuation play, SSNI press release looking to enter swing starter, DBVT FDA news looks like someone knew about it yesterday already up a lot, EXEL nice daily pr gappin 3 dolla holla   


CNBC in the NEWS
IN THE NEWS TODAY
U.S. stock futures were lower in early trading, after a choppy sessionWednesday as the minutes from the Fed's March meeting showed policymakers divided over the timing of interest rate hikes. (CNBC)
Oil prices this morning were recovering some of Wednesday's near 7 percent losses in New York trading, which was influenced by a shock jump in U.S. crude inventories and record Saudi output. (Reuters)

While Greece made a $484.5 million debt repayment due to the IMF today, there are still fears that staggering red-ink could make an Athens default just a matter of time. (CNBC)

JPMorgan (JPM) boss Jamie Dimon defended his bank's size and business model in a letter to shareholders. He also warned that another crisis will inevitably impact financial markets. (CNBC)

Google's (GOOG) YouTube plans to give viewers the option of paying amonthly fee to skip ads. The online video service sent a letter to its most popular content creators asking them to sign off. (AP)

The first of five planned Netflix (NFLX) shows based on Marvel characters, Daredevil, launches at midnight. It's drawing rave reviews from critics and expected to be a huge hit with the younger demographic. (CNBC Video)

Walt Disney (DIS) and Apple (AAPL) are reportedly in dispute over the number of Disney's channels on Apple TV. Disney wants most or all of its channels carried. But Apple wants fewer. (thestreet.com)

Zynga (ZNGA) founder Mark Pincus has returned as CEO following theresignation of Don Mattrick. Mattrick had joined Zynga from Microsoft(MFST) in 2013 when Pincus originally stepped aside. (Reuters)

A monster storm from Texas up to the Great Lakes and down to North Carolina Wednesday brought grapefruit-sized hail and 10 reported tornadoes. More of the same could be in store today. (NBC News)

In a televised speech today, Iran's president said Tehran would agree to a final nuclear accord with the U.S. and five other nations only if all sanctions over its disputed nuclear work were lifted. (Reuters)

A network of new super PACs has raised $31 million to support Sen. Ted Cruz's presidential campaign. Meanwhile, the Texas Republican told CNBCthe media is distorting his image.

Veteran CBS "Face the Nation" moderator Bob Schieffer has announced hisretirement again. The 78-year-old newsman has been at the network since 1969. No replacement has been named yet. (AP)

BY THE NUMBERS
Economic reports today start the Labor Department's weekly report on jobless claims at 8:30 a.m. ET. First-time filings for unemployment benefits are seen rising to 280,000 for last week, compared to 268,000 for the prior period.
February wholesale inventories, out at 10 a.m. ET, are seen rising 0.2 percent following January's 0.3 percent increase. Then at 10:30 a.m. ET, the Energy Department releases its usual Thursday look at natural gas inventories.

Earnings out this morning include drugstore chain Walgreens Boots Alliance(WBA) and spirits producer Constellation Brands (STZ), while restaurant chainRuby Tuesday (RT) issues its quarterly numbers after today's closing bell .

STOCKS TO WATCH
Alcoa (AA) earnings beat expectations but revenue missed. CEO Klaus Kleinfeld said Alcoa's growth compared to a year earlier was due entirely from new businesses.
Costco (COST) reported a 2.0 percent drop in March comparable store sales,a slightly larger decrease than the consensus forecast of a 1.2 percent decline.

Pier 1 Imports (PIR) beat estimates on earnings but revenue fell short. The home goods retailer also warned about current quarter profits, whileincreasing its quarterly dividend by 17 percent to 7 cents per share.

Bed Bath & Beyond (BBBY) matched estimates with earnings, but revenue missed slightly. The housewares retailer also projected a 2 percent to 3 percent increase in comparable store sales for the current fiscal year, below expectations.


Zumiez (ZUMZ) reported a 5.5 percent increase in comparable store sales for March. Total sales for the action sports apparel seller were up 11.1 percent from a year earlier.
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