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 27 points and S&P futures are trading up 2 points following upbeat corporate earnings and investor optimism that Greece will secure a deal and avoid default. Greece's political parties will try again today to strike a deal with the government, as the pressure builds on Athens to accept stricter austerity measures. The fourth quarter earnings parade continues today with mixed results out of The Walt Disney Company.
DJIA up 33.07 pts/0.26%/12,878.20
S&P up 2.72 pts/+0.20/1,347.05
Nasdaq up 2.09 pts/+0.07/2,904.08
Dow Futures up 27.00 pts/+0.21%
S&P Futures up 2.40 pts/+0.08%
Nasdaq Fut up 3.58 pts/+0.14%
CAC 40 +0.37%
NIKKEI 225 +1.10%
HANG SENG +1.54%
Overseas: World stock markets were up today. European and Asian markets are up on optimism Greece will reach a deal with private bond holders on a debt swap to receive the next round of bailout funds.
Economic Reports: None
Gold:up $1.10 to $1,774.85
Oil: up $0.93 to $99.34
EUR/USD 1.3284 +0.0025
USD/JPY 76.9730 +0.1800
GBP/USD 1.5886 -0.0013
Volatility Index (VIX): As of the close of business Tuesday, February 7, the VIX is up 0.66 at 17.76
Companies Reporting Quarterly Earnings:
Apartment Investment and Management Company (AIV): Q4 EPS of $0.42 beats by $0.01. Revenue of $272.9M (flat Y/Y) in-line.
Level 3 Communications (LVLT): Q4 EPS of -$0.80 beats by $0.18. Revenue of $1.58B (+71.4% Y/Y) misses by $60M.
Ingersoll-Rand (IR): Q4 Adj. EPS of $0.76 beats by $0.09. Revenue of $3.51B (-5% Y/Y) misses by $70M.
Moody's (MCO): Q4 EPS of $0.43 misses by $0.06. Revenue of $567.1M (+0.5% Y/Y) in-line.
Reynolds American (RAI): Q4 EPS of $0.72 beats by $0.04. Revenue of $2.08B (+0.11% Y/Y) misses by $40M.
Genesee & Wyoming (GWR): Q4 EPS of $0.83 beats by $0.11. Revenue of $210M (+24% Y/Y) in-line.
Agrium (AGU): Q4 EPS of $2.34 beats by $0.34. Revenue of $3.18B (+32% Y/Y) beats by $80M.
Hhgregg (HGG): FQ3 EPS of $0.60 misses by $0.01. Revenue of $829.5M (+26.9% Y/Y) beats by $4M.
Triple-S Management (GTS): Q4 EPS of $0.67 beats by $0.14. Revenue of $65.9M (+33.5% Y/Y) beats by $10M.
Jones Apparel Group (JNY): Q4 EPS of $0.10 beats by $0.09. Revenue of $894M (+2.3% Y/Y) misses by $37M.
IntercontinentalExchange (ICE): Q4 EPS of $1.76 beats by $0.08. Revenue of $327.2M (+15% Y/Y) in-line.
Wright Express (WXS): Q4 EPS of $0.98 beats by $0.06. Revenue of $139.8M (+21.7% Y/Y) in-line.
Alere Inc (ALR): Q4 EPS of $0.74 beats by $0.03. Revenue of $652.6M (+12.5% Y/Y) beats by $19M.
Today’s Opening and Closing Bells:
Epam Systems Inc., (EPAM) to celebrate its IPO will ring the opening bell.
Cementos Pacasmayo SSA will ring the closing bell.