Good morning folks,
While our market remains choppy things could begin to get more volatile in the very near future.
We have some reshuffling going on in the Russell indexes. China is rolling over and Greece remains as a dark cloud over the markets. It is being suggested that tomorrows meeting of the EU ministers is the last opportunity to come to an agreement with Greece. This is not the time to load up the portfolio with a bunch of swings on a Friday before a potential market moving event. Be careful out there and don't feel like you have to trade if you can't find the right setup or get your ideal entry.
We had two strong IPO's yesterday with GKOS and TRU look for potential continuation. Today the IPO's I will be watching are ALRM and APPF
Stocks on Radar premarket
NES , GDOT, GIGM, RXII, OHGI, MZOR,TRCH, CUR,RMBS,
 | IN THE NEWS TODAY |
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| The Greek crisis has been weighing on stocks in recent sessions, as Athens faces a possible debt default at the end of the month. Tomorrow's meeting of euro zone finance ministers is seen as crucial. (CNBC) |
| Nike (NKE) late Thursday reported fiscal fourth-quarter earnings and revenue that beat expectations on increased gross margins largely due to higher average selling prices. (CNBC) |
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| Micron Technology (MU) was sharply lower in premarket trading, after missing estimates with earnings and revenue late Thursday. The chipmaker also issued a downbeat outlook. (Reuters) |
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| Airbnb, the online marketplace for people to rent their homes, is close to nailing down a massive $1.5 billion in funding that would boost its valuation to $24 billion. (FT) |
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| Chinese stocks crashed more than 7 percent overnight-marking their worst single-day loss since mid-Januaryand their lowest level since early May. For the week, the Shanghai composite dropped 9.5 percent. (CNBC) |
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| At least one person was killed today in a suspected terrorist attack at a factory near Lyon, France. One of the attackers was arrested. It was unclear what happened to the other attacker. (CNBC) |
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| President Barack Obama will deliver the eulogy today at the funeral of South Carolina state Sen. Clementa Pinckney, who was among the nine people gunned down at an African American church last week. (USA Today) |
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| BY THE NUMBERS |
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| The University of Michigan issues its final Juneconsumer sentiment index at 10 a.m. ET. Economists are forecasting a 95.0 reading-compared to 94.6 for the preliminary June look and the final 90.7 number for May. |
| Athletic apparel retailer Finish Line (FINL) is among the few companies out with quarterly earnings this morning, with no major companies scheduled to report after today's closing bell. |
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| Oilfield services giant Baker Hughes (BHI) is out with itsweekly rig count report at 1 p.m. ET-tracking oil and natural gas drilling activities. |
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| STOCKS TO WATCH |
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| Canadian drugmaker Valeant (VRX) is interested in buying animal health company Zoetis (ZTS), according to the Wall Street Journal. Already trading at all-time highs, Zoetis rose 11 percent Thursday and was trading higher in the premarket. |
| Potash (POT) is bidding to buy German fertilizer producer K+S, sending that company's shares up nearly 40 percent in overseas trading. Sources tell Reuters thatK+S is likely to reject the proposal. |
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| JD.com (JD) is starting up a China consumer credit-scoring service. It will team up with ZestFinance of the U.S. for that service, which will compete directly with a similar operation by Alibaba (BABA). |
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| Honda (HMC) restated its financial results for the fiscal year that ended in March, to cover the costs of its expanded recall of cars equipped with defective airbags made by Takata. |
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Seeking Alpha
Today's Markets:
In Asia, Japan -0.3% to 20706. Hong Kong -1.8% to 26664. China -7.4% to 4194. India -0.3% to 27812.
In Europe, at midday, London -1%. Paris -0.4%. Frankfurt -0.5%.
Futures at 6:20: Dow flat. S&P -0.1%. Nasdaq -0.1%. Crude -0.4% to $59.47. Gold +0.1% to $1173.40.
Ten-year Treasury Yield +1 bps to 2.40%
Notable earnings before today's open: FINL
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