The Latest Posts
December 22, 2014
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
NYSE MAC Desk
Aug 8 2014 | 10:15 AM

From The Trading Floor: Equities are trading in mixed to positive territory this morning after the Dow fell to its lowest level since April as a report that Russia wants to de-escalate the crisis in Ukraine has offset American airstrikes in Iraq.

  • The productivity of US. Workers rose by 2.5%, more than projected in the 2nd quarter, rebounding from the biggest drop in more than 3 decades and helping to restrain labor costs.

  • Unit Labor Costs fell by to 0.6%, much lower than the 11.8% the previous quarter

  • Wholesale Inventories for the month of June rose by 0.3%, lower than the estimated increase of 0.7%

  • Gap same store sales for July rose 2%

  • CBS reports Q2 adjusted EPS 78c, consensus 72c. Reports Q2 revenue $3.19B, consensus $3.23B. CBS boosts share buyback to $6B, to increase dividend 25% 

  • High Yield Bond Funds and ETF’s totaled record outflows of $7.1B in the week...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Aug 7 2014 | 10:01 AM

From The Trading Floor: Equities are trading in positive territory this morning on a better than expected reading on Jobless Claims and continued positive 2nd quarter earnings releases

  • Initial Jobless Claims for the period ending August 2nd fell to 289,000 from the previously adjusted 303,000. This was the lowest since 2006

  • Consumer Comfort for the period ending August 3rd remained largely unchanged vs the previous period at 36.2

  • Consumer Credit is due to be released at 3:00 pm today.

  • Moscow imposed a ban on imports of many Western foods on Thursday, retaliating against sanctions imposed for its support of rebels in eastern Ukraine and the annexation of Crimea. Russia will ban fruit, vegetables, meat, fish, milk and dairy imports from the United States, the European Union, Australia, Canada and Norway in a measure that isolates its consumers from world trade to a degree unseen since Soviet...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Aug 6 2014 | 10:13 AM

From The Trading Floor: The breakup of 2 large M&A deals in conjunction with the unease over the Russia / Ukraine tensions has the market trading in mixed territory this morning. Strong earnings from some bellwether companies is attempting to reverse the negative trend 

  • Mortgage Applications for the week ending August 1st increased by 1.6%

  • The Trade Balance shrank to a 5 year low shrinking to $41.58 billion

  • Sprint is abandoning its bid to acquire T-Mobile USA  due to excessive regulatory hurdles

  • 21st Century Fox has withdrawn its $80B bid to buy Time Warner  saying the company won't engage with it over talks.

  • Walgreen is expected to announce this morning that it plans to acquire the remaining 55% of Alliance Boots that it does not already own in a deal costing in the region of £6B ($10.1B). However, sources say that Walgreen  is likely to disclose as part of...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Aug 5 2014 | 10:17 AM

From The Trading Floor: Equities have come off their lows as weak economic activity abroad is being balanced against domestic earnings and better than expected Factory Orders and ISM Non-Manufacturing Composite data

  • Markit Services and Composite PMI came in in line with consensus at 60.8 and 60.6 respectively

  • ISM July Non-Manufacturing Composite rose to 58.7, better than expected

  • Factory Orders for June rose 1.1%

  • IBD / TIPP Economic Optimism fell to 44.5 during August.

  • Gannett has agreed to take full ownership of Cars.com for $1.8B. Gannett  currently owns 27% of Cars.com parent Classified Ventures, so the deal values the whole business at about $2.5B.

  • Sycamore Partners, a private equity firm which recently bought Jones Group, Talbots and Hot Topic, is considering a bid for Sears Canada

  • China's services purchasing managers' index fell to 50.0 in July...

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