Futures pulled back some from the overnight highs, but still up
about 3.5 holding the pivot for now.
Otherwise we'll be watching the 15 min SPX charts etc
regarding the market news this morning:
The Asian/Pacific markets closed mixed. China, Hong Kong and New
Zealand dropped; Indonesia posted the biggest gain. Europe is
currently mostly up. There are no big losers. Germany, Norway and
Greece are doing well. Futures here in the States point towards a
gap up open for the cash market.
The dollar is down. Oil is up, copper down. Gold and silver are
down.
Stock headlines from barchart.com...
International Paper (IP -0.34%) reported Q3 EPS of $1.05, much
better than consensus of 93 cents.
Ford Motor (F -0.45%) reported Q3 EPS of 45 cents, better than
consensus of 38 cents.
Ratheon (RTN +2.99%) reported Q3 EPS od $1.51, well ahead of
consensus of $1.33.
Starwood Hotels & Resorts Worldwide (HOT -0.28%) reported Q3
EPS of 71 cents, stronger than consensus of 63 cents.
Terex (TEX -3.37%) reported Q3 EPS of 77 cents, well above
consensus of 59 cents, and raised guidance on fiscal 2013 EPS view
to $2.05-$2.25 from $1.90-$2.10, above consensus of $1.98.
Visa (V -0.55%) increased its quarterly dividend to 40 cents a
share from 33 cents.
Assurant (AIZ -1.20%) reported Q3 adjusted EPS of $1.68, well
above consensus of $1.50.
Spartan Stores (SPTN -0.48%) reported Q2 adjusted EPS of 55
cents, stronger than consensus of 49 cents.
Everest Re (RE -1.42%) reported Q3 EPS of $4.81, better than
consensus of $4.76.
Fortune Brands (FBHS -0.93%) raised guidance on fiscal 2013 EPS
view to $1.47-$1.49 from $1.35-$1.43, stronger than consensus of
$1.43.
Citrix (CTXS -1.04%) climbed 6% in after-hours trading after it
reported Q3 EPS of 70 cents, better than consensus of 69 cents.
Swift Transportation (SWFT +1.24%) reported Q3 adjusted EPS of
29 cents, right on consensus, but reported Q3 revenue of $1.03
billion, better than consensus of $1.01 billion.
Skechers (SKX -0.71%) reported Q3 EPS of 53 cents, weaker than
consensus of 61 cents.
Lam Research (LRCX -3.44%) reported Q1 EPS of 81 cents, better
than consensus of 72 cents.
Symantec (SYMC -2.34%) fell over 10% in after-hours trading
after it reported Q2 EPS of 50 cents, stronger than consensus of 44
cents, but then lowered guidance on fiscal 2014 EPS view to a loss
of -1%-to up 1.5% from up 5%-7% against fiscal 2013.
AT&T (T +0.14%) reported Q3 adjusted EPS of 66 cents, better
than consensus of 65 cents
Earnings and Economic Numbers from seekingalpha.com...
Today's upgrades/downgrades from briefing.com The Asian/Pacific
markets closed mixed. China, Hong Kong and New Zealand dropped;
Indonesia posted the biggest gain. Europe is currently mostly up.
There are no big losers. Germany, Norway and Greece are doing well.
Futures here in the States point towards a gap up open for the cash
market.
It sure surprises me this has
so little impact on the markets.
Any ideas Matt? You were just
there.
Looking at news:
In China, the Shanghai Interbank Offered Rate continued
climbing as the liquidity crunch persists. The overnight rate
climbed nearly 31 basis points to 4.09%, but more notably, the
two-week rate spiked 101 basis points to 4.88%.
The Philippine Central Bank left its key interest rate unchanged at
3.50%
yeah it's funny on China - everyone I talked to in China, and
some very rich guys (for example my wife's friend's condo is worth
about $6 million) they don't play the Chinese stocks, they don't
trust them LOL - if they buy stocks, they buy US Stocks
futures
Posted by matt on 24th of Oct 2013 at 01:53 am
ES futures are up about 6 tonight, well above the primary pivot for now, which is at 1740.4
Title: click to expand Futures pulled
Posted by matt on 24th of Oct 2013 at 09:20 am
Futures pulled back some from the overnight highs, but still up about 3.5 holding the pivot for now.
Otherwise we'll be watching the 15 min SPX charts etc
regarding the market news this morning:
The Asian/Pacific markets closed mixed. China, Hong Kong and New Zealand dropped; Indonesia posted the biggest gain. Europe is currently mostly up. There are no big losers. Germany, Norway and Greece are doing well. Futures here in the States point towards a gap up open for the cash market.
The dollar is down. Oil is up, copper down. Gold and silver are down.
Stock headlines from barchart.com...
International Paper (IP -0.34%) reported Q3 EPS of $1.05, much better than consensus of 93 cents.
Ford Motor (F -0.45%) reported Q3 EPS of 45 cents, better than consensus of 38 cents.
Ratheon (RTN +2.99%) reported Q3 EPS od $1.51, well ahead of consensus of $1.33.
Starwood Hotels & Resorts Worldwide (HOT -0.28%) reported Q3 EPS of 71 cents, stronger than consensus of 63 cents.
Terex (TEX -3.37%) reported Q3 EPS of 77 cents, well above consensus of 59 cents, and raised guidance on fiscal 2013 EPS view to $2.05-$2.25 from $1.90-$2.10, above consensus of $1.98.
Visa (V -0.55%) increased its quarterly dividend to 40 cents a share from 33 cents.
Assurant (AIZ -1.20%) reported Q3 adjusted EPS of $1.68, well above consensus of $1.50.
Spartan Stores (SPTN -0.48%) reported Q2 adjusted EPS of 55 cents, stronger than consensus of 49 cents.
Everest Re (RE -1.42%) reported Q3 EPS of $4.81, better than consensus of $4.76.
Fortune Brands (FBHS -0.93%) raised guidance on fiscal 2013 EPS view to $1.47-$1.49 from $1.35-$1.43, stronger than consensus of $1.43.
Citrix (CTXS -1.04%) climbed 6% in after-hours trading after it reported Q3 EPS of 70 cents, better than consensus of 69 cents.
Swift Transportation (SWFT +1.24%) reported Q3 adjusted EPS of 29 cents, right on consensus, but reported Q3 revenue of $1.03 billion, better than consensus of $1.01 billion.
Skechers (SKX -0.71%) reported Q3 EPS of 53 cents, weaker than consensus of 61 cents.
Lam Research (LRCX -3.44%) reported Q1 EPS of 81 cents, better than consensus of 72 cents.
Symantec (SYMC -2.34%) fell over 10% in after-hours trading after it reported Q2 EPS of 50 cents, stronger than consensus of 44 cents, but then lowered guidance on fiscal 2014 EPS view to a loss of -1%-to up 1.5% from up 5%-7% against fiscal 2013.
AT&T (T +0.14%) reported Q3 adjusted EPS of 66 cents, better than consensus of 65 cents
Earnings and Economic Numbers from seekingalpha.com...
Today's economic calendar:
8:30 International Trade
8:30 Initial Jobless Claims
9:00 PMI Manufacturing Index Flash
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
Notable earnings before today's open: AB, ABB, ACAT, AIXG, ALK, ALV, ALXN, AN, ASPS, AVT, BC, BEN, BG, BLL, BMS, BSX, CAB, CAJ, CAM, CCE, CELG, CFX, CL, CLI, CMS, CRI, CS, CSH, CVE, CWEI, DFT, DLX, DNKN, DO, DOW, DST, ELN, EQM, EQT, ERIC, ESI, F, FAF, FLIR, GG, GNC, GNRC, HERO, HOT, HSY, ICLR, IMAX, IP, JNS, KKR, KMT, LAZ, LEG, LTM, LUV, MCK, MDP, MDSO, MGI, MJN, MMM, MO, NBL, ODFL, ORI, PACR, PCP, PDS, PHM, POT, PTEN, PVR, QSII, RCI, RCL, RDWR, RS, RTN, RYN, SEIC, SHPG, SIRI, SJR, SLAB, STC, TDY, TKR, TROW, UA, UFS, USG, VCI, VDSI, VLY, VNTV, WAB, WCC, WRLD, XEL, XRX, YNDX, ZMH
Notable earnings after today's close: AAN, AFOP, AHT, AMCC, AMZN, BAS, BCOV, BJRI, BLDR, BMRN, CA, CB, CERN, CINF, CLF, COG, COLM, CPWR, CTCT, DECK, DV, ECHO, ELY, EMN, ESRX, FET, FII, FLS, FR, FSL, GRT, IM, INAP, INFA, KBR, KLAC, LOGM, LSCC, MCRS, MKTO, MSFT, MTW, MXIM, N, NCR, NR, NTGR, OUTR, PFG, POL, QLGC, RGC, RMD, SIMO, SPN, SYNA, TCO, THRX, VR, VRSN, WDC, WOOF, WYNN, ZNGA
Today's upgrades/downgrades from briefing.com The Asian/Pacific markets closed mixed. China, Hong Kong and New Zealand dropped; Indonesia posted the biggest gain. Europe is currently mostly up. There are no big losers. Germany, Norway and Greece are doing well. Futures here in the States point towards a gap up open for the cash market.
re: futures
Posted by cubby on 24th of Oct 2013 at 09:39 am
It sure surprises me this has so little impact on the markets.
Any ideas Matt? You were just there.
yeah it's funny on China
Posted by matt on 24th of Oct 2013 at 09:41 am
yeah it's funny on China - everyone I talked to in China, and some very rich guys (for example my wife's friend's condo is worth about $6 million) they don't play the Chinese stocks, they don't trust them LOL - if they buy stocks, they buy US Stocks
they called the Chinese stock makret a casino
very interesting observation, thanks for sharing. hope you had a great trip!
Posted by morton13 on 24th of Oct 2013 at 09:56 am