Paras Madho is a Director of the Market Watch & Corporate Actions, Global Corporate Client Group for NYSE Euronext (NYSE: NYX). In this...
Ahead of the Bell: Dow futures are trading down 19 points and S&P futures are trading down 2 points despite reports that China will easy monetary policy to stimulate global growth. Mining stocks will be in focus today after European based Xstrata said it is in talks to merge with Glencore to create a $79 billion company. Greece said it has 3 to 4 sticking points remaining with private bondholders, but the major negotiations for a bond swap is all done.
DJIA up 83.55 pts/+0.66%/12,716.46
S&P up 11.67 pts/+0.89/1,324.08
Nasdaq up 34.43 pts/+1.22/2,848.27
Dow Futures down 19.00 pts/-0.09%
S&P Futures down 1.40 pts/-0.11%
Nasdaq Fut down 2.58 pts/-0.08%
CAC 40 -0.15%
NIKKEI 225 +0.76%
HANG SENG +2.00%
Overseas: World stock markets were mixed today. European and Asian markets were up after Greece said it is close to a deal with private bondholders.
Economic Reports: Initial Jobless Claims expected to be 370K and Productivity and Costs expected to be 2.3% at 8:30 a.m.
Gold:down $1.10 to $1,742.85
Oil: down 1.09 to $96.46
EUR/USD 1.3099 -0.0010
USD/JPY 76.1150 -0.0600
GBP/USD 1.5819 -0.0010
Volatility Index (VIX): As of the close of business Wednesday, February 1, the VIX is down 0.89 at 18.55
Companies Reporting Quarterly Earnings:
Sara Lee (SLE): FQ2 EPS of $0.27 beats by $0.02. Revenue of $2.08B (+6.3% Y/Y) misses by $60M.
Goodrich (GR): Q4 EPS of $1.85 beats by $0.29. Revenue of $2.15B (+18.8% Y/Y) beats by $20M.
Navigant Consulting (NCI): Q4 EPS of $0.21 beats by $0.02. Revenue of $197M (+8.2% Y/Y) beats by $4.5M.
Dice Holdings (DHX): Q4 EPS of $0.15 in-line. Revenue of $47.4M (+25.2% Y/Y) in-line.
Benchmark Electronics (BHE): Q4 EPS of $0.17 beats by $0.07. Revenue of $559M (-10.8% Y/Y) beats by $47M.
TECO Energy (TE): Q4 EPS of $0.25 misses by $0.04. Revenue of $750.2M (-3.2% Y/Y) misses by $95M.
Alliant Techsystems (ATK): FQ3 EPS of $1.51 misses by $0.51. Revenue of $1.12B (-1% Y/Y) in-line.
Today’s Opening and Closing Bells:
Greenway Medical Technologies President and CEO Tee Green, joined by members of Greenway Medical Technologies’ management team, will ring the opening bell.
Sensient Technologies Visits NYSE to Celebrate 35-year Listing Anniversary on the NYSE, Paul Manning, Sensient Color Group President will ring the closing bell.