Paras Madho is a Director of the Market Watch & Corporate Actions, Global Corporate Client Group for NYSE Euronext (NYSE: NYX). In this...
Ahead of the Bell: Dow futures are trading up 39 points and S&P futures are trading up 2 points on strong earnings and economic data out of China along with optimism Greece is edging closer to securing its second round of bailout funds. According to reports, if a deal is not reached in time for the March 12 deadline, Germany plans to provide a bridge loan for the debt laden nation to repay bond redemption. The ECB also plans to swap Greek debt for new bonds after the deal is completed.
DJIA up 123.13 pts/+0.96%/12,940.08
S&P up 14.82 pts/+1.10/1,358.05
Nasdaq up 44.02 pts/+1.51/2,959.85
Dow Futures up 39.00 pts/+0.30%
S&P Futures up 2.40 pts/+0.21%
Nasdaq Fut up 2.58 pts/+0.08%
CAC 40 +0.94%
NIKKEI 225 +1.58%
HANG SENG +1.01%
Overseas: World stock markets were up today. European and Asian markets are up on hopes for a Greek bailout and better than expected economic and earnings data from Asia.
Economic Reports: Consumer Price Index expected to be 0.3% at 8:30 a.m. and Leading Indicators expected to be 0.5% at 10:00 a.m.
Gold:up $2.10 to $1,731.85
Oil: up 0.41 to $102.72
EUR/USD 1.3139 +0.0005
USD/JPY 79.0900 +0.1900
GBP/USD 1.5828 +0.0023
Volatility Index (VIX): As of the close of business Thursday, February 16, the VIX is down 1.92 at 19.22
Companies Reporting Quarterly Earnings:
Heinz (HNZ): FQ3 EPS of $0.95 beats by $0.10. Revenue of $2.92B (+7% Y/Y) beats by $30M.
K-Swiss (KSWS): Q4 EPS of -$0.71 misses by $0.29. Revenue of $50.2M (+17.6% Y/Y) beats by $9M.
Capital Lease Funding (LSE): Q4 FFO of $0.15 in-line. Revenue of $38.9M (-4.4% Y/Y) misses by $2M.
Digital Realty Trust (DLR): Q4 FFO of $1.03 beats by $0.02. Revenue of $271M (+13.4% Y/Y) misses by $4M.
Pilgrim's Pride (PPC): Q4 EPS of -$0.40 misses by $0.09. Revenue of $1.83B (+1% Y/Y) misses by $50M.
ENBRIDGE (ENB): Q4 EPS of $0.37 misses by $0.03. Revenue of $5.44B (+31.2% Y/Y) beats by $840M.
Amerigroup Corporation (AGP): Q4 EPS of $0.67 beats by $0.05. Revenue of $1.64B (+9.6% Y/Y) in-line.
Frontline (FRO): Q4 EPS of -$4.41 may not be comparable to consensus of -$0.58.
EnCana (ECA): Q4 EPS of $0.06 may not be comparable to consensus of $0.09.
FreightCar America (RAIL): Q4 EPS of $0.71 beats by $0.58. Revenue of $187.1M (+266.9% Y/Y) beats by $61M.
Today’s Opening and Closing Bells:
Tortoise Pipeline & Energy Fund Inc. Brian Kessens VP and Dave Henriksen Head of Distribution Montage Investment will ring the opening bell.
Towers Watson Visits the New York Stock Exchange CEO John Haley will ring the closing bell.