Monday, May 11, 2015

Happy Monday


Good morning folks, 
It could be an interesting week. We have tensions in Europe over letting Greece exit and China cut its benchmark rate for the third time since November to 5.1%. Growth has cooled in China to levels not seen since the global financial crisis. Lets see if we can break out ot his range this week. Keep an eye on the IBB and Financials.   

Here are this weeks videos in case you missed them. 

The live version Market take and stocks to watch 
http://ticker.tv/vegastrader66/554e4496c9f909e23e000009

Screencast version Stocks to watch
http://www.screencast.com/t/UFjQyh3h0cM

Other stocks on my Radar Premarket
NTWK premarket mover off earnings its a thin one nice consolidation on the daily since its last earnings careful it can pop and flop, ZU gapping off BABA announcement of raising its stake in the company it appears as though this is a case of someone knew something last week as it has already had a nice bounce  be careful, HIMX dividend announcement lil gap 6 could be serving as support reports earnings this week, CERE had some pr big popper last week with GEVO its up a lot already and pr is nice but no dollar amount to place any value on the news, MBLY earnings gappin premarket 48 likely to be resistance, CGA china name earnings name has been a ripper in the past but can also pop and flop, RXII press release daily chart looks terrible but could be a good scalp play, CXDC Earnings 6 dolla roll, CDTI pr chronic pop and flopper earnings out tomorrow, 


CNBC in the News

IN THE NEWS TODAY
Following a two-day rally that turned last week's fortunes around, the Dow isless than 100 points from its all-time high set on March 2, while the S&P 500 is less than two points from its April 24 record close. (CNBC)
U.S. stock futures were lower in early trading this morning. After Friday'sjobs report rally, the direction of the market could depend on whether the economy remains in the just-right zone. (CNBC)

Uber is planning to raise another large sum of money that could propel its value to $50 billion or higher. The ride-sharing company has told investors it plans to raise at least $1.5 billion in fresh capital. (WSJ)

Just five U.S. companies-AppleMicrosoftGooglePfizer, and Cisco-are holding nearly half a trillion dollars in cash, as the country's tax code deter businesses from spending their overseas hordes. (FT)

Zulily (ZU) now has Alibaba (BABA) as a 9.2 percent stakeholder, according to an SEC filing. That comes following a three-day buying spree by the China-based online retail giant.

Dish Network (DISH) saw revenue rise 3.6 percent in its latest quarter, even though overall subscriber numbers dropped. Dish now makes an average $86.01 per subscriber compared to $82.36 a year ago. (Reuters)

Volvo will build a $500 million plant in South Carolina that will eventually employ up to 4,000 people. South Carolina and Georgia had been the two finalists. (AP)

Actavis (ACT) reported adjusted quarterly profit of $4.30 per share, above estimates, with revenue also above forecasts as the Irish drugmaker seeshigher sales of its North American brands. (AP)

GlaxoSmithKline (GSK) plans to collaborate with U.S. scientists to develop a cure for AIDS. Glaxo will invest $20 million to help fund a joint venture with the University of North Carolina.

Saudi Arabia's King Salman won't be attending meetings at the White House with President Barack Obama or a summit gathering at Camp David this week, apparently because of the Iran talks. (NY Times)


BY THE NUMBERS
While a Greek government official told CNBC the country will make a major debt payment tomorrowthere are doubts Greece will be able to honor future obligations.
China Sunday cut interest rates for the third time in six months-responding to weaker-than-expected economic activity that could put the government's "around 7 percent" growth target at risk. (CNBC)

China has passed the U.S., as the world's top importer of crude oil for the first time in April, and its purchases were expected to remain strong despite a slowing economy.

U.S. oil prices turned in its 8th positive week in a row for the first time since early February. However, Brent crude dropped on the week for the first time in five. Both were under pressure this morning.

STOCKS TO WATCH
Noble Energy (NBL) has agreed to buy Rosetta Resources (ROSE) in an all-stock transaction valued at $2.1 billion, plus Rosetta debt of $1.8 billion.
Charter Communications (CHTR) is reportedly talks to arrange financing of up to $30 billion as it pursues a deal with Time Warner Cable (TWC). Both parties have also reached out to Bright House Networks. (WSJ)

Syngenta (SYT) will continue to be pursued by Monsanto (MON), according to Reuters, even though the maker of agricultural chemicals rejected Monsanto's initial overture as undervalued.

Goldman Sachs (GS) is expected to pay $129.5 million to settle a lawsuit that accused several banks of foreign exchange market manipulation, according to the Wall Street Journal. (WSJ)

Toyota (TM) is in talks with Mazda to expand their technology partnership, according to several published reports, as global automakers face rising costs to comply with stricter emission regulations.


Walt Disney's (DIS) "Avengers: Age of Ultron" topped the weekend box office once again, with $77.2 million in North American ticket sales. The film has made a staggering $312.9 million domestically in just 10 days.

Seeking Alpha

Today's Markets:
In Asia, Japan +1.3% to 19621. Hong Kong +0.5% to 27718. China +3.1% to 4334. India +1.5% to 27507.
In Europe, at midday, London +0.1%. Paris -1.5%. Frankfurt -0.5%.
Futures at 6:20: Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude -0.3% to $59.24. Gold -0.2% to $1186.30.
Ten-year Treasury Yield -3 bps to 2.15%
Today's economic calendar:
10:00 Labor market condition index
Notable earnings before today's open: ACTAERAESBIDCNPCRKCVTDFDISHENDPEVEP,FISHFRMGWPHICPTLGNDMBLYMGICMHRNTWKPLUGRBCRDNTSSYSTICCVRTSW
Notable earnings after today's close: AMBCAPEIARCWARNAASEIATHXBDECALLCHMICLNE,CYTXDEPODRYSDTSIEACELONFFFMCFMIFTEKFXENGBDCGTYHALOHIIPARIPXL,JUNOLPSNMBIMCCMDRMNTXMODNMRMTZMVNROMEOMERONTYOPKORIGPAAS,PEIXPINCPVARAXRENSCLNSFSFXETCRDTEPTRQTTECUNXLVRTUXONYYZGNX

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