The Latest Posts
July 22, 2014
End of Day Report
Jul 2 2014 | 4:19 PM

Stocks were mostly higher on Wednesday with the major indexes hovering near record levels in range bound trading.  Investors focused on a better-than-expected ADP employment report, inline Factory Orders, and improved EPS guidance for the upcoming Q2 earnings season.  Healthcare and Telecom  led S&P 500 gainers while Utilities – still the best performing sector for 2014 – topped declines.  Crude Oil is lower while Gold and the dollar trade higher. 


 


In economic news, ADP private payrolls surprised to the upside, jumping 281K in June and well ahead of consensus for a 206K gain.   The reading was the biggest increase since November 2012.  Factory orders, which represent the dollar level of new orders for both durable and nondurable goods, fell 0.5% in May vs consensus for a 0.4% slip.  The news had little effect on equities.  Investors now look towards a long list of employment data due...

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Specialist, Market Watch
NYSE MAC Desk
Jul 2 2014 | 10:14 AM

From The Trading Floor: After closing at record levels yesterday, the benchmark indexes are trading modestly in positive territory as investors weigh good private payroll numbers against disappointing Factory Orders

  • U.S. MBA Mortgage Applications fell for the week ending June 27th by 0.2%

  • U.S. July RBC Consumer Outlook Index fell to 50.5 after 51.0 last month

  • Employment at private companied as measured by ADP climbed in June by 281,000, the most since 2012, a sign the job market is strengthening

  • ISM New York rose to 60.5 during June well above the 56.3 level during May.

  • Factory Orders for May dropped -0.5% worse than the expected -0.3%

  • In another move trimming its food product lines, Nestle has sold Juicy Juice to buyout firm Brynwood Partners for up to $200M.

  • Ukraine pressed ahead with a military offensive against pro-Russia militants in the east...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
Ahead of the Bell
Jul 2 2014 | 8:11 AM

MARKET ACCESS CENTER: MORNING REPORT


Ahead of the Bell: Dow futures are trading up 16 points and S&P futures are trading up 2 points following the previous trading session in which both the major indices closed at record highs. World shares are up boosted by the latest round of upbeat global economic data from the top industrialized nations. According to reports, manufacturing data from the US, China, Japan, and the UK all indicate a pick up in production across the globe. Investors are optimistic the US economy is set to improve in the second half of 2014. Stocks are also buoyed by unprecedented low interest rates and easy monetary policy from global central banks.


On the economic calendar today, the ADP employment report for June will be published before the market opens, economists are forecasting 213K versus 179K for the month prior.
Federal Reserve Chair, Janet Yellen will be speaking on monetary policy to the IMF central banking...

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Posted by: Parasnand Madho
Director, Market Watch & Corporate Actions
End of Day Report
Jul 1 2014 | 4:30 PM

U.S. stocks soared on Tuesday, with the major indexes touching fresh highs on the heels of upbeat vehicle sales data and bullish sentiment around M&A.  Nearly all the major sectors were higher, with Healthcare and Tech leading gains.  Energy lagged while Utilities was the only group to finish in the red.  Gold is up, Oil is flat, and the dollar is slightly higher against its rivals. 


 


Quarterly performance figures for the S&P 500 show the benchmark index rose 4.69% in Q2 vs a 1.30% rise in Q1.  Energy was the top performing sector in Q2, up 11.45% vs a 0.19% rise in Q1.  Financials were the notable laggard, rising 1.84% in Q2 vs 2.15% last quarter. 


 


Reaction from today’s US economic news was somewhat muted, with the Institute for Supply...

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Specialist, Market Watch
NYSE MAC Desk
Jul 1 2014 | 10:17 AM

From The Trading Floor: Equities are trading in positive fashion during the 1st day of the second quarter boosted by strong manufacturing reports out of China and the U.S




  • Chain-store sales surged in the June 28 week in ICSC-Goldman's same-store sales sample, up 1.0 percent compared to the prior week for the best year-on-year rate, at plus 4.6 percent, since December 2011. This is the second straight very strong showing for this report



  • The Markit Economics Index of US. Manufacturing increased to 57.3 in June, the highest in almost 4 years



  • ISM Manufacturing for Jun came in at 55.3 right in line with expectations



  • Construction Spending for May increased by 0.1% less than the 0.5% expected



  • IBD / TIPP Optimism for July fell slightly to 45.6 from the previous reading of 47.7



  • Hormel is buying...

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