Good morning Folks,
We are flashing green this morning after more weakness yesterday. We may finally get a 10 percent correction but I am not holding my breath for it. I have been fooled on more than one occasion with the crazy bull market. However, I continue to build my wish list of stocks I want to own for the long haul if we get a real swift pullback.
This mornings Video
Stocks on my Radar this morning premarket
CY, LITB, GEVO, VMEM, SZYM, SIGM, VICL, LBIO, OGEN,ARIA, SPCB, CLF,OGXI, CTIC
CNBC
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| Netflix (NFLX) shareholders have approved an increase in the company's share authorization, the precursor to a stock split. There's no indication yet for an exact ratio for the split. |
| An FDA panel has recommended approval of a cholesterol drug developed by Regeneron (REGN) and Sanofi (SNY). The agency, which usually follows such guidance, is set to consider the drug today. |
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| HCC Insurance (HCC) is being bought by Japan's Tokio Marine for $78 per share in cash or $7.5 billion. The deal for the Houston-based company is the biggest ever overseas acquisition by a Japanese non-life insurance company. |
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General Motors (GM) may face wire-fraud charges in connection with its failure to fix faulty ignition switches blamed for more than 100 deaths, according to the Wall Street Journal.
Today's Markets:
In Asia, Japan -0.3% to 20046. Hong Kong -1.1% to 26687. China -0.2% to 5106. India +1.4% to 26841.
In Europe, at midday, London +0.3%. Paris +0.6%. Frankfurt +1%.
Futures at 6:20: Dow +0.4%. S&P +0.4%. Nasdaq +0.4%. Crude +2.1% to $61.38. Gold +0.9% to $1188.
Ten-year Treasury Yield +6 bps to 2.48%
Notable earnings before today's open: FRAN
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