The Latest Posts
November 22, 2014
NYSE MAC Desk
Nov 14 2014 | 11:13 AM

From The Trading Floor: Equities are fluctuating a bit this morning after data released showed retail sales rose more than estimated during October while M&A deals continued to dominate the landscape

  • Retail sales for the month of October, rebounded rising 0.3% heading into the holiday shopping period. The lower gasoline prices in combination with higher stock prices and home prices have boosted consumer confidence into spending more at retail.

  • Import Price Index for October declined by -1.3%

  • The University of Michigan confidence number for November came in at 89.4 up from the 86.9 the previous month

  • Business Inventories for September rose slightly by 0.3%

  • Mortgage Delinquencies for the 3rd Qtr fell to 5.85% from 6.04% the previous period

  • Nordstrom reports Q3 EPS 73c, consensus 71c. Reports Q3 revenue $3.14B, consensus $3.1B.

  • Baker Hughes has...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Nov 13 2014 | 11:19 AM

From the Trading Floor: The markets are trading in the green this morning on a mix of M&A deals and some strong earnings from retailers

  • Initial Jobless Claims rose by 290,000 for the period ending November 4th, higher than the previous period when the claims were 278,000
  • Consumer Comfort for the period ending November 9th rose to 38.2, the highest since early 2008

  • Job openings in the US. decreased to 4.74 million in September

  • Wal Mart Stores said sales rose in the third quarter and added that low gas prices could help results in the current period. Same-store sales at U.S. Wal-Mart stores rose 0.5% in the period, marking the first increase in about two years

  • Hasbro is in advanced talks to buy DreamWorks Animation, and would pay a mix of cash and stock under the current terms of the proposed deal.

  • Berkshire Hathaway Inc. agreed to acquire the Duracell battery...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Nov 12 2014 | 11:12 AM

From The Trading Floor: Equities are in a decline this morning halting a 5 day rally as concern that a slowdown in the European economy might spread to the US

  • Mortgage Applications for the period ending 11/7 declined by -0.9%

  • Wholesale Inventories for September rose to 0.3%

  • Wholesale Sales for September rose 0.2%

  • Five major banks ,Citigroup, JPMorgan Chase, The Royal Bank of Scotland, HSBC Bank, and UBS have been fined roughly $3.4 billion collectively by U.K., Swiss, and U.S. regulators for mis-dealings in their foreign exchange operations

  • Macy's, meanwhile, posted better than expected third quarter earnings, but lowered its full‐year EPS and comparable store sales guidance below expectations

  • BB&T announcing that it will acquire Susquehanna Bancshares  in a $2.5 billion cash and‐stock deal that equates to a 36% premium for SUSQ shareholders

  • At...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Nov 11 2014 | 10:48 AM

From The Trading Floor: Equities are trading in cautious territory this morning after the benchmark indexes reached a fourth straight record in the absence of economic reports or earnings

  • NFIB Small Business Optimism grew to 96.1 for October exactly where the consensus number predicted it would be.

  • Philadelphia Fed President Plosser said in a CNBC interview that there are many indicators suggesting interest rates are too low even with falling oil prices and very modest wage growth.

  • Without specifying a timeline for when the unit might list, Jack Ma has announced that Alibaba's  Alipay "will definitely go public." "The main goal of listing isn't for more money, but to let more people share in and be part of it," says Ma. Meanwhile, with about an hour to go, Alibaba's Singles' Day shopping festival sales have already surpassed $8B in sales

  • The U.S. and China have reached an agreement to drop tariffs on a wide...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Nov 10 2014 | 11:31 AM

From The Trading Floor: Investors are taking a breather this morning as markets fluctuate after equities reached new highs for a third straight week last Friday

  • In corporate news of note, AT&T (T) announced a plan to acquire lusacell, Mexico's third‐largest wireless operator for $2.5 billion, including the assumption of debt.

  • McDonald's (MCD) reported a 0.5% decline in October global comparable sales, paced by a 1.0% decline at its U.S. restaurants.

  • The Labor Market Conditions Index for October came in at 4.0, the same as the revised number for September

  • China's Xi Jinping and Japan's Shinzo Abe held a landmark meeting this morning, opening the door to restoring economic discussion and diplomatic ties

  • Individual global investors will get a chance to buy Shanghai-listed stocks for the first time, after direct cross-trading of Shanghai and Hong Kong stocks begins on Nov. 17

  • ...

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