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 5 points and S&P futures are trading down 2 points following reports that manufacturing in China may shrink for a fourth month in February, and Europe’s services and manufacturing output unexpectedly declined. Tech companies will be in focus after Dell reported weak earnings and downside guidance.
DJIA up 15.82 pts/+0.12%/12,965.69
S&P up 0.98 pts/+0.07/1,362.21
Nasdaq down 3.21 pts/-0.11/2,948.57
Dow Futures down 5.00 pts/-0.05%
S&P Futures down 2.40 pts/-0.09%
Nasdaq Fut down 2.58 pts/-0.05%
CAC 40 -0.52%
NIKKEI 225 +0.96%
HANG SENG +0.33%
Overseas: World stock markets were down today. European and Asian markets are down on lower than expected service and manufacturing data from Europe and China.
Economic Reports: Existing Homes Sales expected to be 4.690M at 10:00 a.m.
Gold:down $5.10 to $1,753.85
Oil: down 0.60 to $105.65
EUR/USD 1.3225 -0.0001
USD/JPY 80.1545 +0.4195
GBP/USD 1.5705 -0.0075
Volatility Index (VIX): As of the close of business Tuesday, February 21, the VIX is up 0.45 at 18.23
Companies Reporting Quarterly Earnings:
El Paso Electric Company (EE): Q4 EPS of $0.13 misses by $0.06. Revenue of $130.7M (+3.4% Y/Y) misses by $56M.
Donaldson Company (DCI): FQ2 EPS of $0.70 misses by $0.01. Revenue of $581M (+8.2% Y/Y) misses by $23M.
Garmin (GRMN): Q4 EPS of $0.96 beats by $0.31. Revenue of $910M (+8.6% Y/Y) beats by $140M.
Government Properties Income Trust (GOV): Q4 FFO of $0.56 beats by $0.04. Revenue of $51.7M (+40.2% Y/Y) beats by $3.7M.
Lumber Liquidators Holdings (LL): Q4 EPS of $0.30 misses by $0.05. Revenue of $174.5M (+13.9% Y/Y) beats by $4M.
Chico's FAS (CHS): Q4 EPS of $0.15 beats by $0.04. Revenue of $569.2M (+19.8% Y/Y) beats by $22.5M.
Anadigics (ANAD): Q4 EPS of -$0.14 misses by $0.02. Revenue of $36.5M (-39.4% Y/Y) misses by $1M.
Today’s Opening and Closing Bells:
Gazit-Globe Ltd. to celebrate the company’s listing on December 14, 2011 under the ticker symbol (GZT). Chairman and Founder Chaim Katzmanwill ring the opening bell.
Make-A-Wish Child Nachiketa Bhatnagar Visits the NYSE and will ring the closing bell.