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Augustus 20, 2014
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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Gepost Door: 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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Gepost Door: 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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Gepost Door: 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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Gepost Door: 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...

Lees Meer
Gepost Door: Charles Brown
Managing Director, The Capital Markets Desk