Thursday, May 7, 2015

Hard Work and Commitment


Good morning Folks,
The markets continue to experience some downside pressure as several of the indexes are testing their hundred day moving averages. Overseas markets had a rough night with the Asian indexes experiencing the biggest drop. 

 Janet Yellen expressed her opinion that stock valuations are on the high side and that added to the weakness that the markets were already experiencing in the markets. Technically several indexes remain guilty until proven innocent as we continue to trade in a range above some key levels of support. 

 Stocks on my radar Premarket
BABA came in with better than expected earnings and its gapping premarket taking YHOO with it, GEVO pr gapper recent reverse split be careful can be a pop and flopper but watch for potential sympathy plays like SZYM and PEIX, NBY late news yesterday could be in play still have lottos looking for the dolla holla, CHGG earnings last night beat on revs raised guidance bouncing off 200 day, MNOV seeking alpha article could be at a good bounce spot, ISR pr looking for a 2 dolla holla but it has been stubborn, YANG potential 6 dolla roll on continuing China weakness, ZIOP new CEO announced could be in a decent bounce spot, RGEN earnings 50 ma bounce



CNBC in the NEWS
IN THE NEWS TODAY
Investors look to this morning's weekly jobless claims release, followingWednesday's worse-than-expected ADP private jobs report and ahead oftomorrow's April employment report from the government. (CNBC)
Chinese e-commerce giant Alibaba (BABA) today reported earnings and revenue that topped expectations, and announced COO Daniel Zhang will become CEO, effective on May 10. (CNBC)
Lumber Liquidators (LL) is halting sales of all its Chinese laminate flooringeffective immediately, CNBC has learned, amid dozens of lawsuits and looming criminal charges concerning its foreign sourcing.
Keurig Green Mountain (GMCR) earnings missed and revenue matched estimates. The company cut full-year sales and profit forecasts on difficulty convincing consumers to buy its Keurig 2.0 system. (Reuters)
Whole Foods (WFM) said same-store sales growth cooled in the latest quarter, and announced plans to debut a new chain of smaller, more value-focused shops next year. (Reuters)
Tesla (TSLA) reported a quarterly loss that was smaller than expectations, with revenue that beat forecasts. Meanwhile, the company said it's received about 38,000 PowerWall home battery reservations. (CNBC)
Zynga (ZNGA) is cutting its workforce by about 18 percent as a part of anew restructuring. Meanwhile, the online gaming developer topped first-quarter estimates on the top and bottom lines. (Re/code)
At the SALT hedge fund conference, Third Point's Dan Loeb called Warren Buffett a hypocrite for criticizing his industry-saying Buffett had the first hedge fund and was the first activist. (Reuters)
The fledgling bond fund at Janus run by Bill Gross suffered large losses over the past week, undercutting a nascent comeback for the famed money manager. (WSJ-subscription)
Communities across the Plains awoke to damage and flooding today afterat least 50 tornadoes and baseball-sized hail were reported across a 500-mile stretch spanning four states. (NBC News)
Voting in the U.K. finally got under way today, after one of the closest-fought campaigns in recent memory. The results are expected to deliver a hung parliament, with deal-making likely to follow. (CNBC)
Patriots quarterback Tom Brady is set to speak at Salem State University outside Boston tonight, his first appearance since the NFL-commissioned report on deflategate basically concluded he knew. (USA Today)

STOCKS TO WATCH
CBS (CBS) leads the list of after-the-bell earnings reports.
Costco (COST) late Wednesday reported flat same-store sales for April, compared to estimates of a 0.3 percent increase.
Procter & Gamble's (PG) hair care business is drawing interest from a variety of private equity firms, according to the New York Post, and that the business could bring in as much as $5 billion.
Ann Inc. (ANN) is reportedly in talks to sell itself to Golden Gate Capital for about $2 billion, according to Reuters. Ann Inc. is the parent of retailer Ann Taylor.

Johnson & Johnson (JNJ) is seeking advice from outside medical ethicistson "compassionate use" requests, in which desperate patients ask drugmakers to let them take an experimental medication.
Seeking Alpha
Today's Markets: 
In Asia, Japan -1.23% to 19292. Hong Kong -1.1% to 27604. China -2.8% to 4113. India -0.6% to 26568. 
In Europe, at midday, London -1.6%. Paris -1.3%. Frankfurt -1.1%. 
Futures at 6:20: Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude +0.4% to $61.15. Gold -0.9% to $1181.70. 
Ten-year Treasury Yield +1 bps to 2.24%

Notable earnings before today's open: AAON, ACHN, ACRE, AEE, AGIO, AKRX, ALE, ALU, AMRC, APA, APO, ARCP, ARIA, AXAS, BABA, BDBD,BDX, CBB, CCC, CCOI, CDW, CECE, CHD, CNK, CNQ, CNSL, CONE, COT, COTY, CRIS, CSIQ, DFT, DNOW, DWRE, ENZY, FIG, FSYS, GLP, GOGO,GOLD, GSM, HII, HILL, HL, HPT, INSY, INXN, IRC, IT, KATE, LEAF, LIOX, LPI, LQDT, LXP, MFC, MGA, MITL, MMS, MPEL, MPW, MT, MWW, MZOR,NCLH, NICE, NJR, NRP, NXST, OGE, ONE, OWW, PCLN, PDCE, PGEM, PMC, PPL, PRFT, RDEN, REGN, RESI, REV, RFP, RGEN, RICE, RRD, RSTI,RWLK, SATS, SEAS, SFY, SNAK, SNI, SPH, SRPT, SSTK, STE, SUNE, TA, TAP, TDC, THS, TIME, TLM, TLP, TU, USAC, VC, VTG, WAC, WIN, WPG,WPP, WRES
Notable earnings after today's close: ABTL, ACAD, ACET, ADVS, AGO, AHS, AHT, AIRM, AL, ALIM, ALJ, ALNY, ALSK, AMBR, AMH, ASYS, AVNW,BCEI, BEBE, BIOS, BKD, CA, CBS, CDXS, CERN, CNAT, CORT, CROX, CUTR, CYBR, DATA, DIOD, DXPE, EBS, ECPG, ECYT, ED, EGY, ENOC,ENV, ERII, ESPR, EVC, EZPW, FLDM, FRT, FTD, FUEL, GALE, GDOT, GEOS, GST, GXP, HTGC, IMPV, INWK, JAZZ, JCOM, JMBA, KEYW, KTOS,LBTYA, MAIN, MCHP, MDRX, MDVN, MED, MHK, MNST, MOH, MTD, MTRX,
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