The Latest Posts
October 31, 2014
NYSE MAC Desk
Oct 30 2014 | 10:31 AM

From The Trading Floor: Stocks are trading in mixed territory this morning after GDP growth fueled speculation the Fed would raise rates sooner than later while Visa earnings results lifted the Dow

  • Third quarter GDP growth decelerated after a second quarter jump related to make up activity after the first quarter decline due to atypically adverse winter weather. 3rd quarter GDP came in at 3.5% annualized, following 4.6% boost in the second quarter. The median forecast was for 3.0%.
  • Jobless claims moved higher in the latest data but averages are still at recovery lows. Initial claims rose 3,000 in the October 25 week to 287,000

  • Boot Barn Holdings (BOOT) priced 5 million shares at $16 last night. The opening trade was at $19.00 on 1,311,080 shares

  • Ukraine and Russia were unsuccessful in reaching a gas agreement at their overnight talks with the EU, but another round of negotiations will take place Thursday...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Oct 29 2014 | 9:54 AM

From The Trading Floor: Stocks are trading in mixed to positive territory this morning as investors speculate that the Fed will signal continued low interest rates after their 2 day meeting concludes today.

  • Mortgage Applications for the period ending 10/24 fell by -6.6%

  • Ahead of the Wednesday afternoon statement (2:00 pm est) on monetary policy, it is considered certain that the Fed will end its latest bond-buying program. But recent comments from Fed officials show that bond purchases, or quantitative easing, will remain in the central bank's tool kit

  • The tobacco industry is gearing up for its next serious challenge, as more cities raise the legal age for buying tobacco products to 21.

  • The Federal Trade Commission sued AT&T yesterday, alleging that the company sold millions of customers "unlimited" data plans while cutting data speeds to near-impractical levels after the user crossed a usage threshold. AT...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Oct 28 2014 | 10:20 AM

From The Trading Floor: Encouraging earnings in combination with anticipation over the FOMC meeting that begins today has markets trading in positive territory with the S&P 500 going positive for the month. 

  • Orders for Durable Goods dropped unexpectedly in September, falling for a 2nd month on decreased demand for machinery and computers. Orders fell by -1.3%

  • Home Prices in 20 US. cities rose at a weaker pace in the year ending in August as borrowing standards remain tight

  • Consumer Confidence for October rose to 94.5

  • The Richmond Fed Manufacturing Index for October rose to 20 from 14 the previous period

  • The CDC has published new guidelines on healthcare workers who have returned from caring for Ebola patients in Africa following days of disagreements between the federal government and state governors. The guidelines recommend that people at high risk of developing Ebola...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Oct 27 2014 | 10:15 AM

From The Trading Floor: Equities are retreating from their best week of the year, as oil drops to a 2 year low before a heavy week of earnings

  • Markit Services PMI rose to 57.3 for October

  • Pending Home Sales for September rose by 0.3%, less than analysts had estimated.

  • Brent crude oil fell below $85 a barrel and U.S. crude dipped below $80 after Goldman Sachs slashed its price forecasts, citing abundant supply and lackluster demand

  • Merck reports Q3 EPS ex-items 90c, consensus 88c. Reports Q3 revenue $10.56B, consensus $10.67

  • ECB stress test failure list tops 25 banks weighing on the overseas markets and ultimately have an effect here in the morning

  • A gauge of Germany’s business climate dropped for a 6th month to the lowest level since 2012

  • In Brazil, the incumbent Dilma Rousseff won the Presidential election. She is widely viewed as anti-...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Oct 24 2014 | 10:13 AM

From The Trading Floor; Equities are trading in measured to positive territory this morning as earnings from P&G, Ford and UPS bump up against the miss from Amazon and the fearful effects of an Ebola case in New York City

  • New Home Sales for September were little changed after the prior month was revised down showing an uneven recovery in the housing market. Sales rose 0.2% to 467,000 annualized pace
  • Procter & Gamble reports Q1 core EPS $1.07, consensus $1.07. Reports Q revenue $20.79B, consensus $20.83B. Organic sales grew 2% for the quarter. Plans for Duracell exit.

  • Ford reports Q3 adjusted EPS 24c, consensus 19c. Reports Q3 revenue $34.9B, consensus $33.11B

  • UPS reports Q3 EPS $1.32, consensus $1.29. Reports Q3 revenue $14.29B, consensus $14.2B

  • Ebola fears back in play after Dr. Craig Spencer, who worked in West Africa with Ebola patients, tested positive on Thursday. Marks fourth case of Ebola...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk