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 58 points and S&P futures are trading up 6 points after European Union leaders agreed to form a pact to move closer to a fiscal union, and signed off on a permanent rescue package for the region. However, Greece's huge debt load might put a wrinkle in the positive news from the summit. Greece and private bondholders must come to a compromise on debt swap for the country to receive the next tranche of bail-out funding from the IMF and EU.
DJIA down 6.74 pts/-0.05%/12,653.72
S&P down 3.32 pts/-0.25/1,313.01
Nasdaq down 4.61 pts/-0.16/2,811.94
Dow Futures up 58.00 pts/+0.46%
S&P Futures up 6.40 pts/+0.48%
Nasdaq Fut up 9.58 pts/+0.39%
CAC 40 +1.30%
NIKKEI 225 +0.11%
HANG SENG +1.14%
Overseas: World stock markets were up today. European and Asian markets were up after EU leaders agreed on tougher austerity measures for the region.
Economic Reports: Employment Cost Index expected to be 0.4% at 8:30 a.m., S&P Case-Shiller Index expected to be -0.4% at 9:00 a.m., Chicago PMI expected to be 63.0 at 9:45 a.m., and Consumer Confidence expected to be 68.0 at 10:00 a.m.
Gold:up $8.10 to $1,738.85
Oil: up 1.38 to $100.16
EUR/USD 1.3195 +0.0052
USD/JPY 76.3550 -0.0200
GBP/USD 1.5779 +0.0070
Volatility Index (VIX): As of the close of business Monday, January 30, the VIX is up 0.87 at 19.40
Companies Reporting Quarterly Earnings:
Eli Lilly (LLY): Q4 EPS of $0.87 beats by $0.07. Revenue of $6.05B (-2.3% Y/Y) beats by $60M.
Potlatch (PCH): Q4 EPS of -$0.04 misses by $0.19. Revenue of $109.9M (-24.8% Y/Y) misses by $8M.
MarineMax (HZO): FQ1 EPS of -$0.19 in-line. Revenue of $91.8M (-0.4% Y/Y) misses by $3M.
CIT Group (CIT): Q4 EPS of $0.17 beats by $0.18.
Tyco International (TYC): FQ1 EPS of $0.84 beats by $0.05. Revenue of $4.2B (-3.9% Y/Y) misses by $60M.
Mattel (MAT): Q4 EPS of $1.07 beats by $0.06. Revenue of $2.15B (+1.4% Y/Y) misses by $100M.
Helmerich & Payne (HP): FQ1 EPS of $1.32 beats by $0.17. Revenue of $732.6M (+23.2% Y/Y) beats by $5M.
Provident Financial (PROV): FQ2 EPS of $0.16 misses by $0.08.
Headwaters (HW): FQ1 EPS of -$0.31 may not be comparable to consensus of -$0.13. Revenue of $137M (+1.2% Y/Y) misses by $2M.
Today’s Opening and Closing Bells:
NGL Energy Partners Visits the NYSE CEO H. Michael Krimbill will ring the opening bell.
Executives from NYSE Liffe U.S. In Celebration of NYSE Liffe U.S. Being Named ‘Exchange of the Year’ by Risk Magazine will ring the closing bell.