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 down 56 points and S&P futures are trading down 8 points after euro zone ministers rejected an offer made by private bondholders to refinance Greece's debt. Greece is willing to pay 3.5% coupon, which is backed by the EU, but private institutions say they will accept a minimum of 4% rate for existing debt. Reports suggest Portugal will need additional funding from the EU and IMF. The chip maker sector is in focus today, following better than expected 4Q earnings result from Texas Instruments.
DJIA down 11.66 pts/-0.09%/12,708.82
S&P up 0.62 pts/+0.05/1,316.00
Nasdaq down 2.53 pts/-0.09/2,784.17
Dow Futures down 56.00 pts/-0.37%
S&P Futures down 8.40 pts/-0.51%
Nasdaq Fut down 9.58 pts/-0.37%
CAC 40 -1.16%
NIKKEI 225 +0.22%
HANG SENG +0.84%
Overseas: World stock markets were down today. European and Asian markets were down after the EU rejected an offer made by private investors to refinance Greece’s debt.
Economic Reports: FOMC Meeting Begins.
Gold:down $8.10 to $1,668.85
Oil:down 0.87 to $99.20
EUR/USD 1.3003 -0.0100
USD/JPY 77.3400 +0.3700
GBP/USD 1.5579 +0.0012
Volatility Index (VIX): As of the close of business Monday, January 23, the VIX is up 0.39 at 18.67
Companies Reporting Quarterly Earnings:
Verizon (VZ): Q4 EPS of $0.52 misses by $0.01. Revenue of $28.4B (+8% Y/Y) in-line.
Kimberly-Clark (KMB): Q4 EPS of $1.28 misses by $0.02. Revenue of $5.2B (+2% Y/Y) in-line.
Brinker International (EAT): FQ2 EPS of $0.47 beats by $0.02. Revenue of $681.9M (+1.5% Y/Y) misses by $4.1M.
MGIC Investment (MTG): Q4 EPS of -$0.60 beats by $0.13. Revenue of $447M (+23.8% Y/Y) beats by $132M.
Quest Diagnostics (DGX): Q4 EPS of $1.19 beats by $0.13. Revenue of $1.88B (+3% Y/Y) beats by $20M.
Travellers (TRV): Q4 EPS of $1.48 misses by $0.02. Revenue of $6.3B (+0.5% Y/Y) beats by $70M.
Synovus Financial (SNV): Q4 EPS of $0.01 beats by $0.01.
Coach (COH): FQ2 EPS of $1.18 beats by $0.03. Revenue of $1.45B (+14.6% Y/Y) beats by $0.02B.
Harley-Davidson (HOG): Q4 EPS of $0.24 beats by $0.01. Revenue of $1.03B (+12% Y/Y) beats by $20M.
Regions Financial (RF): Q4 EPS of $0.09 beats by $0.02. Tier 1 Common ratio estimated at 8.5%, or 7.7% on Basel III basis.
Today’s Opening and Closing Bells:
Glowpoint, Inc. Celebrates Recent NYSE Amex Listing President and CEO Joe Laezza will ring the opening bell.
Edward T. McMahon, SVP of US Sales at NYSE Euronext will mark his retirement after seven years at the Exchange and over 30 years in the industry will ring the closing bell.