The Latest Posts
November 25, 2014
NYSE MAC Desk
Nov 18 2014 | 11:08 AM

From The Trading Floor: Energy and small cap shares are rebounding this morning, pushing the S&P 500 to a new all-time high

  • October Producer Price Index rose by 0.2%. The uptick in PPI was driven by final demand for services, which jumped 0.5%. Final demand for finished goods declined 0.3%.

  • Home Builder Sentiment for November jumped 4 points to 58

  • Home Depot highlights today's earnings reporters, many of which are retailers. Home Depot for its part reported slightly better than expected third quarter earnings and reaffirmed its full‐year outlook while noting the potential for a disappointment due to data breach costs that cannot be estimated at this time.

  • eHi Car Services (EHIC ) priced 10 million shares at $12. The opening print was $12 on 596,046 shares. 

  • STORE Capital Corp priced 27.5 million shares at $18.50. The opening print was $19.65 on 2,172,459 shares.

  • ...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Nov 17 2014 | 10:50 AM

From The Trading Floor: With Japan sinking into recession and an unexpected drop in October Industrial Production, equities are retreating from record levels reached last week. 

  • Empire Manufacturing for the month of November rose to 10.16 from 6.17 the prior month

  • Industrial Production for October fell by -0.1%. Manufacturing Production increased 0.2%

  • In M&A activity this morning Halliburton said it would buy Baker Hughes and Allergan is to be acquired by Actavis.

  • Reckitt Benckiser is planning to proceed with a spinoff of its pharmaceutical unit to existing shareholders next month.

  • Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election two years before he has to go to the polls. The Japanese data took crude futures prices lower, with Brent off 1 percent at $...

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