The Latest Posts
September 3, 2014
NYSE MAC Desk
Aug 22 2014 | 9:43 AM

From The Trading Floor; Equities are trading in measured territory this morning as a little geopolitical unrest and apprehension before the Fed Chair’s speech have traders adopting a wait and see attitude

  • Janet Yellen addresses the Kansas City Fed Economic symposium in Jackson Hole at 10:00 this morning

  • ECB President Draghi also speaks today after Chair Yellen at 2:30 pm

  • Gap reports Q2 EPS 75c, consensus 69c Reports Q2 revenue $3.98B, consensus $3.96B.

  • Salesforce.com reports Q2 adjusted EPS 13c, consensus 12c. Reports Q2 revenue $1.32B, consensus $1.29B

  • The U.S. has indicated that it will be expanding its international campaign to combat extremists of the Islamic State, and will likely extend its fight from Iraq into neighboring Syria. The Obama administration has outlined several different fronts to combat ISIS, including continued airstrikes, support for the new Iraqi central government and...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Aug 21 2014 | 10:13 AM

From The Trading Floor: Equities are trading in the green this morning, rising to all-time highs as jobless claims decreased and manufacturing surged

  • Jobless Claims for the week ending August 16th fell by 14,000 to 298,000, a sign the US. Job market is making progress as the world’s largest economy grows

  • Continuing claims for the week ending August 9 dropped to 2.500 mln from 2.549 mln.

  • Americans’ expectations for the economy cooled in August to 45 as stagnant pay and rising food costs made it difficult for consumers to purchase much beyond necessities

  • Markit US. Manufacturing PMI for August grew to 58 from 55.8 the previous period

  • Philadelphia Fed Business Outlook climbed to 28 from 23.9 the previous period

  • Sales of previously owned homes climbed by 2.4% a 10 month high as low borrowing costs and ample inventory drew sales

  • The Leading Indicators...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Aug 20 2014 | 9:46 AM

From The Trading Floor: Equities have pulled back a bit this morning after the S&P 500 came within 10 points of it's all-time high amidst a mixed bag of earnings, heightened geopolitical risks and reluctance by traders to act before the Fed releases its policy meeting minutes

  • Mortgage Applications for the week ending August 15th rose 1.4%

  • The Fed releases the minutes of its 7/29 – 7/30 policy meeting at 2:00 pm EST

  • The latest cease-fire in the Gaza Strip has collapsed, after Palestinian rocket fire resumed nearly eight hours before the cease-fire was due to expire. Israel responded with air strikes, and ordered its delegates back from Cairo saying it will not negotiate under fire.

  • There is a report of ISIS beheading an American journalist while warning of more to come if the US does not end air strikes in Iraq.

  • In Europe the Bank of England minutes showed two of the nine...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Aug 19 2014 | 9:42 AM

From The Trading Floor: Stocks are continuing their gains from yesterday as a lack of geopolitical turmoil, positive corporate earnings and strong economic results power the markets higher in early trading.

  • The cost of living in the US. Climbed in July at the slowest pace in 5 months. The CPI increased 0.1% matching analyst estimates indicating that price pressure is limited as the economy picks up.

  • Housing starts surged in July to 1.09 million annualized rate, the highest levels in 8 months, reinforcing the recent pickup in builder optimism. 

  • Building Permits for the month of July rose to 1.05 million exceeding forecast

  • Home Depot reports Q2 EPS $1.52, consensus $1.45. Reports Q2 revenue $23.81B, consensus $23.61B

  • TJX reports Q2 EPS ex-items 75c, consensus 73c. Reports Q2 revenue $6.9B, consensus $6.88B.

  • President Barack Obama says that the U.S. will continue limited...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Aug 18 2014 | 10:01 AM

From The Trading Floor: Equities are trading in the green today as a flurry of M&A activity and an ease in geopolitical tensions have investors back in bullish mode. 

  • NAHB Housing Market Index (home builder confidence) climbed to 55 for August which is the highest reading since January of this year.

  • Dollar General makes a proposal to acquire Family Dollar for $78.50 per share

  • Sensors and electrical controls maker Sensata Technologies Holding NV said it would buy the Schrader group of companies for an enterprise value of $1 billion.

  • Ingersoll-Rand Plc  said it would buy Cameron International Corp's centrifugal compression unit for $850 million.

  • Positive developments overseas as officials from the Ukraine and Russia met in Berlin over the weekend to discuss a cease fire

  • News out of Iraq state that Iraqi and Kurdish forces retook control of the Mosul Dam as U.S....

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