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 22 points and S&P futures are trading up 2 points following better than expected quarterly earnings from Procter & Gamble. The focus will once again be on Europe, as the European Union and International Monetary Fund are pressing Greece to implement stricter austerity measures and budget cuts before they agree to release the next tranche of aid to the debt laden nation. Talks between private bondholders and Greece have stalled lately, and the country needs an additional 130-billion euros from the IMF to avoid a default.
DJIA down 22.33 pts/-0.18%/12,734.63
S&P down 7.62 pts/-0.57/1,318.45
Nasdaq down 13.03 pts/-0.46/2,805.28
Dow Futures up 22.00 pts/+0.08%
S&P Futures up 2.40 pts/+0.39%
Nasdaq Fut up 6.58 pts/+0.25%
CAC 40 -0.14%
NIKKEI 225 -0.09%
HANG SENG +0.30%
Overseas: World stock markets were mixed today. European and Asian markets are up on optimism Greece will implement tougher austerity measures and receive the second round of funding from the IMF.
Economic Reports: GDP expected to be 3.1% at 8:30 a.m. and Consumer Sentiment expected to be 74.0 at 9:55 a.m.
Gold:up $1.70 to $1,722.85
Oil: up 0.38 to $99.23
EUR/USD 1.3137 +0.0031
USD/JPY 76.9930 -0.0800
GBP/USD 1.5709 +0.0016
Volatility Index (VIX): As of the close of business Thursday, January 26, the VIX is up 0.27 at 18.59
Companies Reporting Quarterly Earnings:
Ford (F): Q4 EPS of $0.20 misses by $0.05. Revenue of $34.6B beats by $3.3B.
D.R. Horton (DHI): FQ1 EPS of $0.09 beats by $0.04. Revenue of $885.6M (+15.5% Y/Y) misses by $11.25M.
Amcol International (ACO): Q4 EPS of $0.43 in-line. Revenue of $233.6M (+6.5% Y/Y) misses by $3M.
American Electric Power Company (AEP): Q4 EPS of $0.40 in-line. Revenue of $3.4B (flat Y/Y) in-line.
Smith (A.O.) (AOS): Q4 EPS of $0.68 beats by $0.04. Revenue of $475.8M (+29% Y/Y) beats by $15M.
ALLIANCE GP (AHGP): Q4 EPS of $0.87 beats by $0.07. Revenue of $474.5M (+12% Y/Y).
Legg Mason (LM): FQ3 adj. EPS of $0.55 misses by $0.09. Revenue of $627M (-13.2% Y/Y) beats by $166.6M.
Columbus McKinnon (CMCO): FQ3 EPS of $0.33 beats by $0.09. Revenue of $142.8M (+11% Y/Y) beats by $3M.
IDEXX Laboratories (IDXX): Q4 EPS of $0.67 beats by $0.04. Revenue of $307.2M (+8.2% Y/Y) beats by $3.2M.
Graham (GHM): FQ3 EPS of $0.16 misses by $0.18. Revenue of $24.3M (+26.6% Y/Y) in-line.
OMNOVA Solutions (OMN): Q4 EPS of $0.14 beats by $0.08. Revenue of $301.4M (+58% Y/Y) beats by $15M.
Alliance Resource Partners L.P. (ARLP): Q4 EPS of $1.93 beats by $0.13. Revenue of $474.6M (+13.4% Y/Y) misses by $18M.
Universal Stainless & Alloy Products (USAP): Q4 EPS of $0.72 beats by $0.06. Revenue of $62.2M (+20.5% Y/Y) misses by $13M.
Honeywell (HON): Q4 EPS of $1.05 beats by $0.01. Revenue of $9.5B (+8% Y/Y) misses by $60M.
T. Rowe Price Group (TROW): Q4 EPS of $0.72 beats by $0.03. Revenue of $647.5M (-4% Y/Y).
Dominion Resources (D): Q4 EPS of $0.58 misses by $0.06.
Today’s Opening and Closing Bells:
NYSE Euronext, Save the Children and Executives of NYSE Euronext-listed companies will ring the opening bell. On the occasion of the World Economic Forum 2012 Annual Meeting, NYSE Euronext CEO Duncan Niederauer, NYSE Euronext Deputy CEO & Chief Technology Officer Dominique Cerutti, Save the Children International CEO Jasmine Whitbread and several CEO’s of companies listed on NYSE Euronext markets will open the U.S. market of NYSE Euronext remotely from Davos, Switzerland.
Winning Teams from The Innovation Challenge joined by NYSE-listed Corporate Sponsors AT&T, GE and SYNGENTA will ring the closing bell.