The Latest Posts
October 22, 2014
NYSE MAC Desk
Sep 12 2014 | 10:09 AM

From The Trading Floor: Equities are pulling back a bit today on continued speculation that the Fed will rates sooner than later after retail sales indicated the economy continues to improve and Consumer Sentiment continued to rise

  • Sales at retailers climbed in August by 0.6%, the fastest pace in 4 months continuing to boost prospects for economic growth this quarter. Sales, excluding autos, increased 0.3%, also as expected, and were revised higher to show a similar 0.3% increase in July after an originally reported 0.1% gain.

  • Import Price Index during August fell by -0.9% as a sharp decline in petroleum products trumped rising food prices.

  • Alliance Data has agreed to buy Conversant in a cash and stock deal valued at about $2.3B.

  • The University of Michigan Consumer Sentiment came in at 84.6 for September, better than expected

  • Business Inventories for the month of July came in as expected at 0.4...

Read More
Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Sep 11 2014 | 10:02 AM

From The Trading Floor: Cautious reaction to the Presidents announced action against the Islamic militants ISIS in combination with oil’s continued slide has equities trading in negative territory this morning after yesterday rise.

  • The number of American’s filing for unemployment benefits unexpectedly rose last week by 11,000, a two month high which interrupted the steady consecutive decreases the previous periods.

  • JDS Uniphase will split into two separate publicly traded entities to focus on different technology areas. One will be an optical components and commercial lasers company, while the other will be a network and service enablement company.

  • Consumer Comfort in the US. fell to 36.5, a 5 week low as American’s view on the economy and the buying climate soured

  • The monthly budget summary is at 2:00 pm today

  • President Barack Obama has authorized U.S. airstrikes in Syria and has asked...

Read More
Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Sep 10 2014 | 10:07 AM

From The Trading Floor: Equities are little changed this morning as investors continue to weigh the timing of an interest rate increase after the S&P 500 slid the most in a month

  • Mortgage applications for the week ending September 5th fell -7.2%

  • Dollar General  is now preparing to take its $9.1B offer directly to shareholders. Family Dollar rejected Dollar General's bids citing antitrust risks, and wants Dollar General to assume the entire risk of the deal, such as carrying out any divestiture that antitrust regulators ask for.

  • Microsoft is in advanced talks to buy Mojang AB, the maker of popular world-building game Minecraft. The deal would be valued at more than $2B, and could be completed as early as this week

  • Wholesale Inventories for the month of July rise by 0.1% worse than expected

  • Wholesale Sales for the month of July rose 0.7%, better than expected.

  • ...
Read More
Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Sep 9 2014 | 10:09 AM

From The Trading Floor: Equities are pairing back gains realized over the past 5 weeks as traders and investors again speculate that the Fed will raise interest rates sooner than later

 

  • Small Business Optimism for the month of August rose to 96.1

  • JOLT Job openings for the month of July fell to 4.673 million from 4.675 million the previous period

  • ICSC-Goldman's retail report for the September 6 week is mixed, with week-to-week same-store sales up 0.7% but the year-on-year rate down to 4.0% vs 4.8% in the prior week.

  • General Mills entered into a definitive agreement to buy Annie’s for $42 a share in cash for a deal valued at $820m

  • Home Depot has confirmed that its payment systems were breached at nearly 2,200 U.S. and Canadian stores due to a cyberattack that likely began in April

  • BGC Partners, the second-largest broker by market capitalization, is looking to...

Read More
Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Sep 8 2014 | 10:01 AM

From The Trading Floor: Equities are trading in measured territory this morning after a 5 week rally sent the S&P 500 to record territory

  • Alibaba kicks off its road show today and will hold 100 meetings worldwide before returning to New York to price its stock on Sept. 18

  • Over the weekend, Philadelphia Fed President Plosser  told a gathering of community bankers that he thinks the Fed needs to alter its communication to prepare the market for the possibility of rates being increased sooner than expected.

  • General Electric will sell its appliance business to Electrolux for $3.3 bln. 

  • Multimedia Games will be acquired by Global Cash Access  for $36.50/share in cash (31% premium), representing a total purchase price of $1.2 bln.

  • Consumer Credit for July comes out at 3:00 pm

  • Goldman Sachs has now upgraded equities to overweight over the next three months,...

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