Wednesday, April 15, 2015

Life Lesson

Good morning folks, 
Earnings so far aren't nearly as bad as most had anticipated and guidance has been somewhat decent. Granted its just the beginning of the reporting season and one thing you can count on is that there will be winners and losers from every industry. 

Futures are flashing green however we have quite a bit of economic data coming out today from here and around the globe. China reported some very weak numbers overnight, Mario Draghi is keeping the pedal to the metal with their version of quantitative easing. Oil continues to impress as it holds up in the face what should be considered bearish data and we get more inventory data today. With earnings season is just getting started and to me it seems like there in no conviction on either side of the market. Longs don't have enough confidence to send the markets to knew highs and shorts don't have enough determination to bring the markets down. So consequently we get some choppy action but there are some great day trading opportunities out there if you are quick enough.   

Stocks on my Radar Premarket  
FOMX thin one priced an offering this morning gapping don't chase it, SZYM potential continuation, VGGL could be ready for a bounce, CASM thin one could be puttin in a bottom decent pr likely going to have to raise capital soon , LXRX could be ready for a bounce news out this morning potential dollar roll phase 1 news day trade only, MIFI news testing 52 week highs 6 dolla holla? BLFS potential red to green or continuation play , MCP contract win gapper don't chase it, CLSN pr gapping 3 dolla roll  

CNBC in the News

Bank of America (BAC) today reported a profit representing animprovement over a year ago loss. The latest quarter included charges related to incentives and net interest income adjustments. Meanwhile, Netflix (NFLX) is out with quarterly numbers after the bell. (CNBC)
U.S. stock futures were higher in early trading, after a surge in oil prices and strong earnings from JPMorgan (JPM) boosted Wall Street TuesdayCrude continued higher today, on a dip in U.S. production. (CNBC & Reuters)

Former Treasury Secretary Hank Paulson told CNBC stocks and other assets need to start to trade again on "real economics." It seems people are addicted to these near zero percent interest rates, he added.

The European Commission filed antitrust charges against Google(GOOG) today, alleging the company "abused its dominant position" in the Internet search market. Google, which could face billions of dollars in fines, "strongly" disagrees and plans to defend itself in the coming weeks. (CNBC)

The Internet access now available on most commercial flightsmakes it possible for hackers to bring down a plane, a government watchdog warned, presenting a chilling new scenario for passengers. (AP)

President Barack Obama intends to remove Cuba from a list of state sponsors of terrorism. Meanwhile, the President conceded that Congress will have the power to review a nuclear deal with Iran. (AP & Reuters)

A federal judge in Kansas City has given preliminary approval to a massive class action settlement involving millions of allegedly defective Remington rifles that were the subject of a CNBC documentary.

SpaceX launched a Falcon 9 Tuesday afternoon, but failed in another attempt to cleanly land the reusable rocket on a platform out at sea, CEO Elon Musk wrote in a tweet. (CNBC)

Hewlett-Packard CEO Meg Whitman is the wealthiest woman in tech with a $1.3 billion fortune, according to new Wealth-X rankings, followed by Facebook COO Sheryl Sandberg, andAlibaba co-founder Lucy Peng. (CNBC)

Nearly 16 percent of NFL players drafted between 1996 and 2003 declared bankruptcy within 12 years of retirement, according to a new working paper
released by the National Bureau of Economic Research. (CNBC)

The European Central Bank today left interest rates unchangedafter its latest meeting. At 8:30 a.m. ETECB President Mario Draghi holds a news conference.
Minneapolis Fed President Narayana Kocherlakota said he's worried undesirably low inflation could be embedded in the U.S. economy for years. That's why he favors holding off on rising interest rates this year.

Today's economic reports include two from the Fed: April numbers on industrial production and factory capacity at 9:15 a.m. ET, and the latest Beige Book of regional growth activity at2 p.m. ET.

At 10 a.m. ET, the National Association of Home Builders is out with its monthly sentiment index for April. Meanwhile, the Energy Department releases its report on oil and gasoline inventories at10:30 a.m. ET.

Demand for oil will be higher this year than previously thought, according to new forecasts from the International Energy Agency. But it warned that uncertainty surrounding the Iran nuclear deal means market rebalancing could still be in its early stage. (CNBC)

China's economy grew at its slowest pace since 2009, building the case for further stimulus from policymakers. Gross domestic product there expanded 7 percent in the three months to March.

Intel (INTC) late Tuesday reported earnings that matched expectations, but revenue that fell short. The computer chipmaker also issued conservative forward guidance.
CSX (CSX) beat estimates with earnings, while revenue was essentially in line. The rail operator also announced a $2 billion stock buyback, and raised its dividend by 13 percent to 18 cents per share.

Finland's Nokia (NOK) has agreed buy Alcatel-Lucent (ALU) in adeal valuing the French telecom at $16.6 billion. But after rising sharply Tuesday on the promise of a deal, Alcatel-Lucent was sharply lower in premarket trading.

Target (TGT) is near a settlement with MasterCard (MA) over the retailer's 2013 data breach, according to the Wall Street Journal.The settlement would see Target reimburse financial institutions for about $20 million in costs related to reissuing credit cards. Target is in the midst of a separate negotiation with Visa (V).

Seeking Alpha
Notable earnings before today's open: ASMLBACDALMEAPNCPGRTITN,USBWSO
Notable earnings after today's close: CNSKMINFLXSNDKUMPQWTFC