The Latest Posts
November 28, 2014
NYSE MAC Desk
Oct 22 2014 | 10:05 AM

From The Floor: Little movement in a cost of living report combined with a heavy day of earnings have stocks trading in mixed territory this morning after the S&P 500 had its biggest jump in a year

  • Mortgage applications for the period ending 10/17 rose by 11.6%

  • The cost of living in the US. barely rose in September, leaving inflation below the Federal Reserve’s goal as fuel prices plunged this month. Over the last 12 months, total CPI and core CPI are both up 1.7%. That is unchanged from August and still below the Fed's longer run inflation target of 2.0%.

  • EMC is buying out much of Cisco's stake in the companies' VCE JV, which sells high-end integrated server/storage/networking systems (the Vblock line)

  • Johnson & Johnson will begin testing an Ebola vaccine on humans in January, and plans to have 250K doses of the experimental vaccine ready for use in clinical trials in May.

  • Lufthansa is...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Oct 21 2014 | 10:16 AM

From The Trading Floor: Equities are trading is positive territory this morning on positive earnings and speculation that the ECB is buying bonds to bolster the economy

  • The nation’s chief housing regulator, Mel Watt, announced a new program yesterday which will allow more home-buyers to get loans at lower rates and with much smaller down payments. The program will also attempt to reassure banks that have had to pay tens of billions of dollars to settle legal cases arising from the housing boom and bust and buy back bad loans sold to Fannie and Freddie.

  • Existing Home Sales for the month of September rose by a 5.17 million annual rate a one year high indicating that housing remains a plus for the economy.

  • Coca-Cola reports comparable Q3 EPS 53c, consensus 53c. Reports Q3 revenue $11.98B, consensus $12.12B

  • McDonald's reports Q3 EPS $1.09, consensus $1.37. Reports Q3 revenue $6.99B, consensus $7.18B

  • ...
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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Oct 20 2014 | 9:55 AM

From The Trading Floor; A 2015 earnings warning by Dow bellwether IBM has the market in mixed / negative territory this morning

  • IBM reports Q3 EPS $3.68, consensus $4.32. Reports Q3 revenue $22.4B, consensus $23.37B. IBM has reached an agreement with Globalfoundries to take over its loss-making semiconductor unit. Under the terms of the deal, IBM  will pay Globalfoundries $1.5B to take the chip operations off its hands

  • Quiet day on the economic calendar today

  • Russia and Ukraine have reached a preliminary agreement on a price for winter gas supplies, easing some concerns that the countries’ dispute could disrupt supplies to Europe via Ukraine.

  • Russia and Ukraine have reached a preliminary agreement on a price for winter gas supplies, easing some concerns that the countries’ dispute could disrupt supplies to Europe via Ukraine.

  • SAP cut its outlook for full-year operating profit as customers...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Oct 17 2014 | 10:11 AM

From The Trading Floor: The markets are trading comfortably in the green this morning and earnings are beating estimates this morning and there is renewed speculation that the central banks will support economic growth with additional stimulus

  • Housing Starts for September in the US. climbed 6.3% to 1.02 million annual rate up from a 957,000 annual rate in August

  • Building Permits for future projects also increased rising 1.5% to 1.02 million annualized rate pointing to a sustained pace of construction

  • October University of Michigan Confidence came in at 86.4, higher than the 84.6 level the period before

  • Zayo Group Holdings (ZAYO) priced 28.9 million shares at $19. The opening print was $21.51 on 1,470,020 shares.

  • The ECB will start buying asset-backed securities and covered bonds "within the next few days" as part of its new program

  • With bond markets guessing that U.K. interest...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Oct 16 2014 | 10:07 AM

From The Trading Floor: Stocks continue to trade in negative territory this morning as concerns over the soft global economy and its effect on the US economy have investors cautious

  • Initial Jobless Claims decreased more than expected to 264,000 for the period ending October 11th

  • Industrial Production rose in September by 1.0%, the most since November 2012 driven by a surge in utilities and a rebound in manufacturing.

  • Consumer Comfort for the period ending 10/12 slipped a bit to 36.2

  • The October Philadelphia Fed Business Outlook increased slightly to 20.7

  • The NAHB Housing Market Index for October slipped to 54

  • Oil prices fall off again with more forecasts out indicating weak global demand. The American Petroleum Institute reported a 10.2M barrel increase in the stockpile of U.S. crude oil, while a U.S. Energy Information Administration tally due out later today is...

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