Friday, May 8, 2015

Happy Jobs Report Friday

Good morning folks, 
Jobs number comes out in about a half hour and could set the tone for the day and potentially determine whether or not we get that 10 percent correction. A good number could force the Feds hand to start raising rates and a bad number would suggest their may be trouble ahead for the economy. 
Well the number is out and the market seems to like it at least for now. It seems like it was the perfect balance of a number not too hot and not too cold. Looks like we will have a gap open and those are typically my most challenging days to day trade.   

Stocks on my Radar Premmarket
NDRM pr thin one recent IPO could be a bounce spot, MNGA pr possible dolla roll , EKSO  still holding lottos earnings last night looking to add to my long term hold, BOJA IPO today could be hot looking for LOCO to participate in sympathy, ISR still waiting for that 2 dolla holla, NVGN pr has a tendency to be a pop and flopper do not chase it wait for a setup, ICLD contract news needs to crack 4 with authority and hold, SSNI earnings beat more of a swing play for me 

CNBC in the NEWS 

IN THE NEWS TODAY
The big event this morning for investors is the government's April employment report, which is expected to show 224,000 nonfarm payrolls added for last month, with the jobless rate falling to 5.4 percent. (CNBC)
U.S. stock futures were higher, ahead of the 8:30 a.m. ET jobs numbers and after Wall Street recovered Thursday some of the losses from the previous two down days, as the rally in Treasury yields took a breather. (CNBC)

U.K. stocks and the pound soared today, as early election results pointed to British Prime Minister David Cameron remaining in power, with Conservatives picking up more seats than expected in parliament. | Live blog (CNBC)

Nokia (NOK) received an offer of as much as $3 billion from car service operator Uber for its Here mapping service. Nokia had said last month that it was considering a sale of that unit. (NY Times)

Music-streaming service Spotify is laying the groundwork to enter the hotly competitive Web-video business, preparing to take on the likes of Google-owned YouTube and Facebook (FB). (WSJ)

Bank of America (BAC) and JPMorgan (JPM) have agreed to erase debts eliminated in bankruptcy from borrower credit reports-potentially providing relief to more than a million Americans. (NY Times)

Fitbit has filed with U.S. regulators for an initial public offering. The wearable fitness tracker maker saw revenue almost triple to $745.4 million in 2014, with profit of $131.8 million. (Reuters)

President Barack Obama plans to campaign for the Trans-Pacific free-trade deal today at Nike (NKE) headquarters, where executives are set to promise to create 10,000 jobs in the U.S. if the accord is approved. (NY Times)

Dr. Ben Carson-the most unorthodox candidate in the 2016 Republican presidential field-said he aspires to fix the country's big problems, not to become a politician. (CNBC)

The Justice Department could announce as soon as today, the opening of acivil rights investigation into the Baltimore police department, following the death of a black man in police custody and the subsequent violent protests. (USA Today)


Around 16 million people across the Plains were potentially facing two days of powerful tornadoes starting today, as many residents were still picking through Wednesday's twister damage. (NBC News)


BY THE NUMBERS
Besides the headline nonfarm payrolls and unemployment numbers, the government's April jobs report is expected to show an average hourly earnings increase of 0.2 percent compared to a 0.3 percent rise in March.
The pace of earnings slows this morning, but investors get the latest results from AOL (AOL), Crocs (CROX), Liberty Interactive (QVCA), Liberty Media(LMCA), and NRG Energy (NRG). There are no major reports after today's closing bell.

CBS (CBS) reported better-than-expected quarterly earnings and revenue late Thursday. The media giant benefited from higher revenue from affiliates and subscription fees.

Monster Beverage (MNST) late Thursday reported adjusted quarterly profit of 62 cents per share, 6 cents below estimates, and the energy drink maker's revenue was shy of forecasts as well.

Nvidia (NVDA) late Thursday issued earnings that were short of estimates, while revenue was in line. Slower PC sales hurt demand for chipmaker's graphics cards.

Toyota (TM) is predicting a third straight year of record profits, thanks to stronger U.S. sales that are offsetting weakness in Asia.

STOCKS TO WATCH
Syngenta (SYT) rejected a $45 billion takeover offer from Monsanto (MON),saying the offer undervalued the maker of agricultural chemicals.
Despite speculation to the contraryMicrosoft (MSFT) is not considering a bid for Salesforce.com (CRM), according to a Reuters report.

Micrel (MICR) is being bought by fellow chipmaker Microchip Technology (MCHP) for $839 million or $14 per share. Micrel shareholders will have the option of taking either cash or Microchip shares.

Ericsson (ERIC) is suing Apple (AAPL) in Germany, Britain, and the Netherlands over technology licensing payments-saying its offer to enter into arbitration with Apple has now expired.


Bojangles (BOJA) priced its initial public offering at $19 per share, above the expected range, giving the company a $680 million value. The restaurant chain will begin trading today on Nasdaq.
Seeking Alpha
Today's Markets:
In Asia, Japan +0.5% to 19379. Hong Kong +1.1% to 27577. China +2.3% to 4207. India +1.9% to 27105.
In Europe, at midday, London +1.8%. Paris +0.7%. Frankfurt +0.4%.
Futures at 6:20: Dow +0.1%. S&P +0.1%. Nasdaq +0.2%. Crude +0.2% to $59.04. Gold +0.4% to $1186.50.
Ten-year Treasury Yield -6 bps to 2.18%
Today's economic calendar:
8:30 Non-farm payrolls
10:00 Wholesale Trade
Notable earnings before today's open: AMRNAOLBBGBCRXBECNBITABRCSTDRHEBIXERFFLYGTXIHCNHMSYHZNPJDKOP,LNCELXUNCTNILENRFNRZNYLDPOZNSIROSJISSPTPHTRAKOTC:TRCOTREXTTIVICLWWAVZINC