Mon Jan 25 2016
Live Index (1454 articles)

Live Index – Mon, 25 Jan 2016 Premarket


March E-mini S&Ps (ESH16 -0.13%) are down -0.24% and European stocks are down -0.32% as a -3.63% slide in crude oil prices (CLH16 -2.64%) undercuts energy producers. European stocks also moved lower after a gauge of German business confidence fell for a second month in January to the lowest in 11 months. Losses in European stocks were limited on signs the ECB may be leaning toward increasing stimulus after comments from ECB Governing Council member Knot who said the ECB may need to expand stimulus if the recent oil price drop starts to influence inflation elsewhere in the economy. Asian stocks settled higher: Japan +0.90%, Hong Kong +1.36%, China +0.75%, Taiwan +1.78%, Australia +1.84%, Singapore +0.22%, South Korea +0.62%, India +0.21%.

The dollar index (DXY00 -0.10%) is down -0.14%. EUR/USD (^EURUSD) is up +0.20%. USD/JPY (^USDJPY) is down -0.29% after comments from BOJ Governor Kuroda lowered expectations the BOJ will boost stimulus measures when it meets this Thursday and Friday when he said “we don’t think the current market situation has been affecting corporate behavior unduly.”

Mar T-note prices (ZNH16 +0.06%) are up +4 ticks.

ECB Governing Council member Knot said that “if the oil price drop starts to influence inflation elsewhere in the economy and takes a foothold in the economy, it would be a reason to revisit monetary policy.”

The German Jan IFO business climate fell -1.3 to 107.3, weaker than expectations of -0.3 to 108.4 and the lowest in 11 months.


Key U.S. news today includes: (1) Jan Dallas Fed manufacturing activity (expected +6.1 to -14.0, Dec -15.2 to -20.1).

There are 5 of the S&P 500 companies that report earnings today: McDonalds (consensus $ 1.23), Halliburton (0.24), Kimberly-Clark (1.43), DR Horton (0.41), Zions Bancorporation (0.41).

U.S. IPO’s scheduled to price today: none.

Equity conferences this week: Cleantech Forum San Francisco on Tue-Wed, Real Estate Capital Markets 2016 Seminar on Wed.








JPMorgan Chase (JPM +3.08%) was downgraded to ‘Neutral’ from ‘Buy’ at Nomura.

Halliburton (HAL +3.07%) reported Q4 EPS of 31 cents, better than consesnus of 24 cents.

Kimberly Clark (KMB +1.42%) reported Q4 EPS of 92 cents, below consensus of $ 1.43.

DR Horton (DHI +3.98%) reported Q1 EPS of 42 cents, higher than consensus of 41 cents.

Goldman Sachs (GS +3.44%) was upgraded to ‘Buy’ from ‘Neutral at Nomura.

Whole Foods Markets (WFM +4.57%) was downgraded to ‘Underperform’ from ‘Market Perform’ at BMO Capital Markets.

Sandisk (SNDK +1.80%) was downgraded to ‘Underperform’ from ‘Outperform’ at CLSA.

Pinnacle Financial Partners (PNFP +2.07%) was upgraded to ‘Market Perform’ from ‘Underperform’ at Hovde Group with a 12-month price target of $ 51.

JB Hunt Transport Services (JBHT +1.84%) was upgraded to a ‘Buy’ from ‘Hold’ at BB&T with a price target of $ 83.

Tyco International Plc (TYC +2.00%) jumped over 7% in pre-market trading after people familiar with the matter said that Johnson Controls is discussing a merger with TYco. (AMZN +3.71%) was upgraded to ‘Buy’ from ‘Hold’ at Edward Jones.

Science Applications International Corp. (SAIC +0.77%) was downgraded to ‘Hold’ from ‘Buy at Jeffries.

Caterpillar (CAT +2.16%) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs.

Thor Industries (THO +1.85%) was downgraded to ‘Hold’ from ‘Buy’ at Wellington Shields.


Mar E-mini S&Ps (ESH16 -0.13%) this morning are down -4.50 points (-0.24%). Friday’s closes: S&P 500 +2.03%, Dow Jones +1.33%, Nasdaq +2.83%. The S&P 500 on Friday closed sharply higher on strength in energy producers after the +9% surge in crude oil prices, the +14.7% jump in U.S. Dec existing home sales to 5.46 million (stronger than expectations of +9.2% to 5.20 million), and speculation that the BOJ may boost stimulus measures when it meets Jan 28-29 after the Nikkei Asian Review reported that the BOJ is considering steps to counter the hit to inflation from the recent plunge in crude oil.

Mar 10-year T-notes (ZNH16 +0.06%) this morning are up +4 ticks. Friday’s closes: TYH6 -9.50, FVH6 -6.50. Mar T-notes on Friday closed lower on reduced safe-haven demand with the sharp rally in global stocks and on the stronger-than-expected U.S. Dec existing home sales and U.S. Jan Markit manufacturing PMI reports.

The dollar index (DXY00 -0.10%) this morning is down -0.143 (-0.14%). EUR/USD (^EURUSD) is up +0.0022 (+0.20%). USD/JPY (^USDJPY) is down -0.35 (-0.29%). Friday’s closes: Dollar Index +0.518 (+0.52%), EUR/USD -0.0078 (-0.72%), USD/JPY +1.08 (+0.92%). The dollar index on Friday closed higher on strength in USD/JPY after reduced safe-haven demand for the yen due to the rally in stocks, and on weakness in EUR/USD after the Jan Eurozone Markit manufacturing PMI fell more than expected.

Mar crude oil (CLH16 -2.64%) this morning is down -$ 1.17 a barrel (-3.63%) and Mar gasoline (RBH16 -1.29%) is down -0.0200 (-1.80%). Friday’s closes: CLH6 +2.66 (+9.01%), RBH6 +0.0532 (+5.04%). Mar crude oil and gasoline on Friday closed sharply higher with Mar gasoline at a 1-week high. Crude oil prices rallied on short-covering, the stronger-than-expected U.S. Dec existing home sales and Jan Markit U.S. manufacturing PMI reports, and the decline in U.S. oil rigs by 5 rigs to a 5-3/4 year low of 510 rigs in the week ended Jan 22, which should soon lead to lower U.S. oil production.

US0930 ETJan Dallas Fed manufacturing activity expected +6.1 to -14.0, Dec -15.2 to -20.1.
1100 ETUSDA weekly grain export inspections.
JPN0000 ETRevised Japan Nov leading index CI, preliminary -0.3 to 103.9. Revised Nov coincident index, preliminary -1.7 to 111.6.
1850 ETJapan Dec PPI services expected +0.2% y/y, Nov +0.2% y/y.
GER0400 ETGerman Jan IFO business climate expected -0.3 to 108.4, Dec 108.7. Jan IFO current assessment expected -0.2 to 112.6, Dec 112.8. Jan IFO expectations expected -0.6 to 104.1, Dec 104.7.
UK0600 ETUK Jan CBI trends total orders expected -3 to -10, Dec -7. Jan CBI trends selling prices, Dec -2. Jan CBI business optimism, Dec -12.
EUR1300 ETECB President Mario Draghi delivers the keynote speech at an event in Eschborn, Germany.
CompanyTickerTimeEvent DescriptionPeriodEstimate
Halliburton CoHAL USBef-mktQ4 2015 Earnings ReleaseQ4 20150.241
Kimberly-Clark CorpKMB USBef-mktQ4 2015 Earnings ReleaseQ4 20151.427
McDonald’s CorpMCD USBef-mktQ4 2015 Earnings ReleaseQ4 20151.233
DR Horton IncDHI USBef-mktQ1 2016 Earnings ReleaseQ1 20160.414
Halliburton CoHAL US9:00Q4 2015 Earnings CallQ4 2015
Kimberly-Clark CorpKMB US10:00Q4 2015 Earnings CallQ4 2015
McDonald’s CorpMCD US11:00Q4 2015 Earnings CallQ4 2015
DR Horton IncDHI US11:00Q1 2016 Earnings CallQ1 2016
Zions BancorporationZION USAft-mktQ4 2015 Earnings ReleaseQ4 20150.413
Zions BancorporationZION US17:30Q4 2015 Earnings CallQ4 2015
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