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 21 points and S&P futures are trading 2 points. Greece is dominating the headlines again and currently negotiating with the troika (EC, ECB, and IMF), to receive its next round of rescue funds. The country reached a tentative agreement with private bondholders on an existing debt swap and also said its 2011 budget deficit will be smaller than expected, both of which could help negotiations this weekend.
DJIA down 11.05 pts/-0.09%/12,705.41
S&P up 1.45 pts/+0.11/1,325.54
Nasdaq up 11.41 pts/+0.40/2,859.68
Dow Futures up 21.00 pts/+0.17%
S&P Futures up 2.40 pts/+0.15%
Nasdaq Fut up 8.58 pts/+0.35%
CAC 40 +0.38%
NIKKEI 225 -0.51%
HANG SENG +0.08%
Overseas: World stock markets were up today. European and Asian markets were up on optimism Greece might be able to secure the next round of bailout funds from the IMF and ECB.
Economic Reports: Nonfarm Payroll expected to be 135K at 8:30 a.m., Factory Orders expected to be 1.5% and ISM Non-Mfg Index expected to be 53.3 at 10:00 a.m.
Gold:down $3.10 to $1,756.85
Oil: down 0.11 to $96.25
EUR/USD 1.3163 +0.0017
USD/JPY 76.2670 +0.0700
GBP/USD 1.5833 +0.0027
Volatility Index (VIX): As of the close of business Thursday, February 2, the VIX is down 0.41 at 18.14
Companies Reporting Quarterly Earnings:
Aon Corporation (AON): Q4 EPS of $0.97 beats by $0.01. Revenue of $2.99B (+3% Y/Y) misses by $10M.
Zoltek Companies (ZOLT): FQ1 EPS of $0.28 beats by $0.23. Revenue of $47M (+42.9% Y/Y) beats by $11M.
Sirona Dental Systems (SIRO): FQ1 EPS of $0.91 beats by $0.01. Revenue of $258.1M (+9.6% Y/Y) beats by $2M.
Macerich (MAC): Q4 FFO of $0.87 in-line. Revenue of $217.76M (+7% Y/Y) beats by $23.3M.
Moneygram International (MGI): Q4 EPS of $0.04 may not be comparable to consensus of $0.21. Revenue of $321.8M (+6.1% Y/Y) misses by $3M.
Spectrum Brands (SPB): FQ1 EPS of $0.69 beats by $0.09. Revenue of $848.8M (-1.4% Y/Y) misses by $32M.
Weyerhaeuser (WY): Q4 EPS of $0.14 beats by $0.07. Revenue of $1.6B (-2.9% Y/Y) beats by $10M.
Today’s Opening and Closing Bells:
AVG Technologies Celebrates IPO on the New York Stock Exchange CEO JR Smith to will ring the opening bell.
DoubleLine Capital Celebrates Recent Listing of DoubleLine Opportunistic Credit Fund Ron Redell, President, joined by Jeffrey Sherman, Portfolio Manager will ring the closing bell.