The Latest Posts
October 2, 2014
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
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