Wednesday, May 13, 2015

Are you in or are you out?


Good morning folks,
The markets were looking pretty weak yesterday morning but managed to put together a fairly nice rebound by the end of the day. This morning we are flashing some green premarket however retail sales just came out weaker than expected. 


Stocks on the radar premarket
MNGA earnings looking for a dolla roll, HOTR continuation play from Sa article,  FCSC gapper off pr very thin I wouldn't chase it, MAGS contract winner another low floater that can have some nice pops, TASR and DGLY active premarket,  CTRL announced share buyback could get a little bounce, TUBE earnings gapper, GEVO earnings last night watch PEIX SZYM and CERE for possible sympathy plays, AMPH earnings beat possible 15 dolla roll, 

CNBC in the News 

IN THE NEWS TODAY
U.S. stock futures were higher in early trading, after falling for the second straight session Tuesday but finishing well off the lows from earlier in the day as the spike in bond yields abated. (CNBC)
Dick Grasso, former head of the New York Stock Exchange, joins CNBC's "Squawk Box" at 8:30 a.m. ET with his views on the market, the Fed, and presidential politics.
Macy's (M) leads this morning's list of corporate earnings, while quarterly results from Dow component Cisco Systems (CSCO), J.C. Penney (JCP), and Shake Shack (SHAK) are among the after-the-bell releases. (CNBC)
American Express (AXP), another Dow stock, raised its quarterly dividend to 29 cents per share from 26 cents, and announced a new 150 million share buyback program. (MarketWatch)
U.S. oil producers appear to have blinked in their fight for market share with OPEC, the International Energy Agency said. Meanwhile, crude was higher this morning, after Tuesday's advance. (CNBC)
An Amtrak train that departed from Washington, D.C., bound for New York City, derailed north of Philadelphia last night-killing at least five people and injuring more than 50 others, six critically. (NBC News)
Japan's three biggest carmakers, Toyota (TM), Nissan, and Honda(HMC), said today they would expand a huge global recall triggered bypotentially fatal air bags made by Takata. (Reuters)
General Motors (GM) is recalling about 522,000 vehicles, including Chevrolet Malibus, and Chevrolet Colorado and GMC Canyon pickups, for seat belt-related problems. (Reuters)
An activist battle is brewing in Delaware. That's where DuPont (DD) is holding its annual meeting. Nelson Peltz and his Trian Partners arepushing for four seats on the board. (CNBC)
Facebook (FB) will host content from nine news publishers on its mobile app, starting today-allowing users to read articles without having to click through to another website. (CNBC)
A top research analyst posed an interesting theory as to why Apple Watch sales may fall short of expectations this year. Wealthy women may determine the fate of the new device and Apple (AAPL) stock. (CNBC Pro-subscription)
Senate Democrats have blocked debate on a bill that would have smoothed the way for the Trans-Pacific free-trade deal, which hasaligned President Barack Obama with Republicans. (Reuters & CNBC)

House Ways and Means Chairman Paul Ryan, Republican from Wisconsin, joins us at 8:45 a.m. ET to talk trade and what's behind the revolt of the president's own party.

BY THE NUMBERS
Posting its best growth in almost two years, euro zone GDP of 0.4 percent in the first quarter beat the U.S. expansion rate of 0.2 percent in the first three months of the year.
April import and export prices are also out at 8:30 a.m. ET, whileMarch business inventories are issued at 10 a.m. ET and the Energy Department's usual Wednesday look at oil and gasoline inventoriesis released at 10:30 a.m. ET.
This morning's most prominent U.S. economic number comes at 8:30 a.m. ET, when the government releases retail sales for April. Forecasts call for a 0.2 percent increase following a 0.9 percent jump in March.
STOCKS TO WATCH
Dow component General Electric (GE) is putting its Japan-based commercial finance unit up for sale, according to Dow Jones. It could fetch $5 billion.
GoDaddy (GDDY) saw first-quarter sales numbers beat expectations, and the Internet domain name registrar also issued upbeat guidancefor the current quarter.
JD.com (JD) was chosen by cosmetics retailer Sephora, part of French luxury goods group LVMH, for its China online sales over competitor Alibaba (BABA).
Vertex Pharmaceuticals (VRTX) got a positive FDA panel recommendation for its combination cystic fibrosis therapy known as Orkambi. The FDA usually follows the recommendations of its panels.
A trial assessing the cardiovascular safety of obesity drug Contrave, made by Orexigen Therapeutics (OREX) and Takeda Pharmaceutical, was terminated on due to unauthorized release of study data.
Seeking Alpha
Today's Markets:
In Asia, Japan +0.7% to 19765. Hong Kong -0.6% to 27249. China -0.6% to 4377. India +1.4%to 27251.
In Europe, at midday, London +0.6%. Paris +1.3%. Frankfurt +0.9%.
Futures at 6:20: Dow +0.3%. S&P +0.3%. Nasdaq +0.3%. Crude +1% to $61.37. Gold +0.1% to $1193.70.
Ten-year Treasury Yield -3 bps to 2.23%
Notable earnings before today's open: ACAT, ARMK, CRME, DSX, ELOS, EZCH, IGT, M,MRKT, MTLS, PCP, RL, SHLX, ZAYO, ZBRA
Notable earnings after today's close: CSCO, CTRP, FENG, FPRX, JACK, JCP, MIDD,NTES, RNDY, SHAK, TGB, VIPS, VOXX, WX
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