Monday, June 29, 2015

Stay Calm


Good morning folks,
Global markets are selling off over Greece concerns, I mentioned in the video and this weeks live session that things could get pretty volatile and it appears as though we are going to start out this shortened week of trading with a bang! There is no reason to panic, remain calm, look for opportunity, design a strong risk reward plan, and execute your plan. 


Here is this weeks Video of stocks to watch  
http://www.screencast.com/t/D40FOOG5

Stocks on my radar premarket in addition to the stocks on this weeks video 
PTX,  WYY, PETX, FLML CYCC, STDY,CRME,CRNT, EGLT,SYN, GIG











CNBC in the News




New York Fed President William Dudley said a September interest rate hike is "very much in play" if the economy continues to strengthen. The June employment report, out Thursday because of the holiday, could provide more clues. (FT)

The Bank for International Settlements, often described as the central bank of central banks, is repeating its warning in its annual report about the dangers posed by ultra-low interest rates. (FT)

The governor of Puerto Rico has concluded the commonwealth cannot payits roughly $72 billion in debts, an admission that could have wide-reaching financial repercussions. (NY Times)

Iran is backtracking from an interim nuclear deal struck with world powers three months ago. U.S. and Iranian officials said talks on a final accord wouldlikely run past tomorrow's deadline. (Reuters)

Inmate David Sweat was critical condition last night, after being shot and captured less than six miles from the Canadian border. Fellow escapee Richard Matt, also a convicted murderer, was killed Friday. (NBC News)

An unmanned rocket built by billionaire Elon Musk's SpaceX exploded shortly after liftoff from Cape Canaveral Air Force Station in Florida Sunday,destroying a cargo capsule bound for the International Space Station.

Canada's Element Financial is buying General Electric's (GE) fleet management operations in the U.S., Mexico, Australia, and New Zealand for nearly $6.7 billion in cash. (Reuters)
Global stocks were under heavy pressure this morning, as Greece imposed capital controls ahead of a national vote on bailout conditions. Banks and the stock market there were closed for the week. | Live blog(CNBC)
Reforms-for-aid talks broke down late Friday, when the Greek prime minister announced the referendum, set for July 5Without a deal, Greece is expected to default on an IMF debt payment tomorrow. (CNBC)

The Greek crisis pushed U.S. stock futures sharply lower Monday, following a 3 percent drop in Germany and pressure elsewhere in Europe and Asia. The euro, oil prices, and bond yields were all under pressure as well. (CNBC)

STOCKS TO WATCH
Amazon (AMZN) is expanding its small business loan program to eight more countries later this year, including China. Currently, the service is only available in the U.S. and Japan.
Investors continue to monitor shares of Humana (HUM), Aetna (AET), Cigna(CI), Anthem (ANTM), and other health insurers-due to continued merger and acquisition rumors and a Wall Street Journal report saying the Justice Department will implement strict reviews of any proposed deals.

Novartis (NVS) is buying biotech firm Spinifex Pharmaceuticals, which specializes in pain management, for $200 million, with the possibility of further payments in the future.

Morgan Stanley (MS) is looking to expand in fixed-income trading, after years of scaling back such operations, according to the Wall Street Journal, a move to help the bank hit profit targets.

Seeking Alpha
Today's Markets:
In Asia, Japan -2.9% to 20110. Hong Kong -2.6% to 25967. China -3.3% to 4055. India -0.6% to 27645.
In Europe, at midday, London -1.8%. Paris -3.5%. Frankfurt -3.4%.
Futures at 6:20: Dow -1.1%. S&P -1.1%. Nasdaq -1.2%. Crude -2.3% to $58.58. Gold +0.3% to $1176.70.
Ten-year Treasury Yield -1 bps to 2.32%
Today's economic calendar:
10:00 Pending Home Sales
10:30 Dallas Fed Manufacturing Outlook
3:00 PM Farm Prices
Notable earnings after today's close: APOLIRET

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