+21% after fucking RMBS in a lawsuit win.
Comments »Yearly Archives: 2011
Auto Bailout Losses Rise to $23.6 Billion or a 60% Increase Than First Estimated
FLASH: RMBS PLUNGES ON LAWSUIT LOSS
The stock is down more than 57% on a courtroom loss to MU.
Comments »Citi’s Willem Buiter: Europe May Have Days to Weeks Before a Financial Catastrophe (video)
U.S. Equities Fall on a Fitch Note About U.S. Bank Exposure to Europe
FLASH: Banks Are Getting Hit Hard
mkt caps over $1bill
No. Ticker % Change Market Cap Sector
1 CME -6.54 17,100,000,000 FINANCIAL
2 MS -5.59 30,700,000,000 FINANCIAL
3 LFC -5.28 82,320,000,000 FINANCIAL
4 MCO -4.38 7,700,000,000 FINANCIAL
5 BSBR -3.96 31,600,000,000 FINANCIAL
6 KCG -3.52 1,150,000,000 FINANCIAL
7 DFS -3.49 13,690,000,000 FINANCIAL
8 JEF -3.45 2,430,000,000 FINANCIAL
9 NMR -3.41 11,830,000,000 FINANCIAL
10 KKR -3.30 2,840,000,000 FINANCIAL
11 ETFC -3.21 2,470,000,000 FINANCIAL
12 GNW -3.18 3,240,000,000 FINANCIAL
13 GS -3.08 49,110,000,000 FINANCIAL
14 CIM -2.84 2,900,000,000 FINANCIAL
15 HBC -2.81 140,730,000,000 FINANCIAL
16 ORI -2.79 2,110,000,000 FINANCIAL
17 RRD -2.77 2,980,000,000 FINANCIAL
18 COF -2.72 19,920,000,000 FINANCIAL
19 C -2.69 81,920,000,000 FINANCIAL
20 EQR -2.66 17,430,000,000 FINANCIAL
21 AMTD -2.59 9,550,000,000 FINANCIAL
22 NDAQ -2.55 4,720,000,000 FINANCIAL
23 MMC -2.53 16,580,000,000 FINANCIAL
24 AXP -2.50 58,020,000,000 FINANCIAL
25 ICE -2.48 9,230,000,000 FINANCIAL
Late Afternoon Laugh: Pizza Joins Ketchup in the Vegetable Category
New Report Finds the U.S. Gives $30 Billion in Tax Breaks to Millionaires
JPM Raises WTI Target to $110
Today’s Winners and Losers
Oil Equip & Serv 6305.54 139.78 2.90 9.67 0.41 12.85 Commercial Vehicl & Trucks 11050.26 110.57 1.70 11.09 8.46 5.87 Home Improv Retailers 6542.28 94.28 0.78 11.11 17.22 17.61 Exploration & Production 7613.26 74.26 1.45 12.19 6.14 17.28 Home Construction 2326.39 69.98 3.85 17.24 15.90 -1.32 Tobacco 4558.52 69.18 2.16 4.81 8.32 21.79 Heavy Construction 4274.89 67.01 4.14 3.54 2.81 0.21 Nondurable Household Prod 5535.03 23.70 1.12 -1.82 2.84 1.43 Soft Drinks 3893.71 20.82 1.78 1.79 1.14 7.23 Computer Serv 7121.83 18.74 1.32 -0.61 9.47 26.53 Telecom Equip 5897.51 18.70 1.22 7.59 13.19 4.94 Build Materials & Fixtures 2424.06 18.04 2.49 8.44 11.01 6.45 Integrated Oil & Gas 5403.85 15.98 -0.37 2.95 7.13 17.96 Specialty Chemicals 5798.88 15.48 0.39 5.24 1.60 9.07 Forestry & Paper 1558.03 15.45 1.02 6.53 8.94 8.78 Industrial Machinery 4729.32 15.11 1.63 7.61 10.30 6.86 Personal Prod 4558.29 14.49 0.50 -1.13 5.54 13.60 Paper 1221.56 12.10 0.95 6.89 8.41 7.89 Publishing 2252.75 10.31 2.23 2.19 8.02 4.18 Containers & Packaging 2533.38 8.52 0.24 2.54 2.00 5.83 Diversified Industrials 2561.13 7.20 0.70 1.57 3.78 4.01 Coal 3764.90 6.95 0.06 2.61 -12.21 -21.45 Tires 434.84 6.58 2.47 15.07 6.29 22.99 Pipelines 6669.56 6.49 1.15 17.29 18.41 46.89 Real Estate Invest Trusts 1996.17 5.91 1.39 5.79 -0.61 6.19 Waste & Disposal Serv 1259.17 5.46 0.91 -2.59 3.95 5.12 Electr Components & Equip 2339.27 4.95 1.44 4.48 9.02 2.75 Banks -SS 1978.76 3.48 0.78 0.91 -1.06 -18.71 Life Insurance 3045.80 3.26 0.13 4.21 4.66 -10.47 Internet 2137.31 2.80 0.69 4.26 14.89 3.08 Business Support Serv 989.96 2.67 1.26 1.44 6.84 14.48 Food Prod 2904.68 1.71 0.74 -0.99 1.17 16.54 Full Line Insurance 322.46 1.02 0.04 -1.09 -6.52 -19.48 Travel & Tourism 2615.77 0.97 2.09 7.69 6.32 25.01 Mortgage Finance 167.58 0.07 1.33 0.53 -1.32 -16.82 Electronic Equip 3466.12 -0.86 1.12 8.51 9.23 4.93 Real Estate Invest & Serv 2109.97 -0.90 0.57 6.06 -6.61 -10.46 Computer Hardware 8515.98 -1.03 2.09 -3.57 0.79 12.33 Transportation Serv 2464.00 -1.19 0.42 6.96 10.23 14.46 Food Retailers & Wholesalers 1803.90 -1.67 0.52 3.98 5.14 4.50 Pharmaceuticals 2317.31 -1.75 0.12 1.86 5.87 10.83 Media Agencies 3787.59 -1.79 0.67 7.18 6.92 -6.68 Auto Parts 2345.73 -2.12 -0.30 -1.21 0.68 -0.34 Gas Distribution 2013.33 -3.04 0.54 5.96 9.77 19.04 Electricity 1836.13 -3.16 0.07 2.34 5.91 11.27 Hotels 2648.29 -3.41 0.50 4.75 10.06 -7.80 Medical Supplies 6787.92 -5.17 0.28 0.65 0.30 6.82 Fixed Line Telecom 1094.17 -5.72 -0.22 -0.49 1.59 3.90 Electronic Office Equip 890.98 -6.45 -0.57 2.20 -1.03 -23.45 Iron & Steel 2500.41 -6.63 1.73 13.39 4.97 -2.52 Durable Household Prod 1654.15 -6.65 0.10 8.07 4.92 0.19 Distillers & Vintners 4868.32 -7.02 0.71 2.82 9.31 7.29 Multiutilities 1397.93 -7.49 -0.36 2.25 9.15 12.85 Biotechnology 3612.11 -7.85 -0.47 -1.46 4.17 4.79 Marine Transportation 1419.01 -8.08 0.99 5.42 8.60 -11.35 Reinsurance 5992.87 -8.56 0.00 2.79 5.65 -4.69 General Mining 2669.95 -8.69 1.03 -3.48 -21.75 -2.76 Industrial Suppliers 3979.04 -9.61 0.45 14.77 22.35 36.45 Mobile Telecom 1256.40 -9.79 0.68 0.99 -3.22 -6.52 Airlines 542.86 -11.17 -2.90 -9.55 -4.45 -37.25 Broadline Retailers 4057.09 -11.63 -1.06 -1.65 11.05 15.93 Commodity Chemicals 2337.39 -12.76 -0.81 3.41 0.19 3.93 Software 7876.95 -15.50 0.84 1.64 11.35 10.91 Specialty Retailers 3016.37 -15.97 -0.38 2.60 7.54 9.08 Clothing & Accessories 2943.17 -16.18 -0.62 2.01 14.35 31.91 Automobiles 1791.45 -17.00 -1.18 -4.21 -3.49 -27.55 Prop & Casualty Insurance 3652.89 -17.07 -0.29 7.27 7.32 4.65 Furnishings 2724.28 -17.49 0.40 5.10 12.15 23.00 Gambling 6443.54 -18.31 0.46 1.08 -0.79 2.58 Water 4925.44 -19.40 0.04 2.83 3.83 13.87 Gold Mining 2440.38 -19.79 -0.27 5.51 14.07 21.38 Medical Equip 5452.41 -22.07 0.73 1.05 0.57 7.54 Financial Admin 4189.82 -24.73 0.33 1.88 6.48 10.48 Broadcasting & Entertainment 3751.28 -24.94 0.13 -0.66 3.84 9.02 Trucking 3359.74 -26.18 0.31 -0.53 5.22 1.21 Specialized Consumer Serv 3592.22 -27.45 -0.33 -3.16 1.37 5.97 Aluminum 1327.11 -28.56 -2.08 -0.56 -15.83 -20.77 Apparel Retailers 3791.60 -29.26 -0.42 2.83 11.88 17.88 Toys 3661.62 -29.46 -0.94 0.39 12.70 13.20 Insurance Brokers 2783.71 -32.23 -0.43 5.92 4.82 18.00 Asset Managers 5227.87 -33.62 -0.15 7.12 2.46 -13.13 Drug Retailers 6192.51 -33.93 -0.24 6.49 3.66 19.68 Recreational Serv 2257.90 -34.92 -1.90 -0.81 3.76 -14.38 Defense 4483.40 -38.52 0.08 3.93 7.65 2.49 Delivery Serv 7638.76 -39.85 0.33 3.70 5.57 -1.23 Specialty Finance 3639.92 -40.13 -0.57 2.57 3.40 -1.85 Farming & Fishing 5549.65 -46.74 -0.56 -0.24 7.00 24.11 Brewers 4365.06 -63.88 -0.79 -1.61 -6.18 -12.55 Restaurants & Bars 9138.95 -65.12 -0.08 4.57 8.12 22.42 Consumer Electronics 8143.55 -68.44 -0.04 4.37 10.40 -9.52 Health Care Providers 4727.92 -71.52 -1.71 5.99 4.56 14.25 Consumer Finance 5497.46 -78.52 -0.34 3.47 6.05 23.95 Invest Serv 2989.21 -79.35 -2.28 -1.03 -7.65 -28.01 Nonferrous Metals 6222.28 -83.00 -1.40 4.92 -12.40 -20.19 Footwear 7293.64 -123.13 -1.50 -1.24 8.00 21.66Comments »
Today’s Most Active Put/Call Option Trades
-CALLS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE AMGN 12/17/11 65.0000 8000 0.0400 up 0.0100 EXXI 12/17/11 27.0000 6000 5.5500 up 0.5500 EXXI 12/17/11 34.0000 6000 0.9500 up 0.0000 AAPL 11/19/11 390.0000 5482 2.2500 dn 1.1000 YOKU 11/19/11 20.0000 4250 2.0400 up 0.6400 BAC 12/17/11 9.0000 3759 0.0100 up 0.0000 HAL 12/17/11 42.0000 3748 1.3200 up 0.3300 AAPL 11/19/11 400.0000 3130 0.2000 dn 0.3400 AAPL 11/19/11 395.0000 2948 0.7200 dn 0.7400 BAC 12/17/11 8.0000 2792 0.0200 dn 0.0100 -PUTS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE AMR 5/19/12 1.5000 10096 0.5600 up 0.1400 AMGN 12/17/11 65.0000 8000 8.7000 up 0.2000 YHOO 1/21/12 12.5000 4885 0.2700 up 0.0200 FOSL 11/19/11 90.0000 4721 0.3000 dn 1.1500 RIG 11/19/11 50.0000 4468 0.7000 dn 1.5600 MSFT 1/21/12 24.0000 2862 0.3900 dn 0.0100 AAPL 11/19/11 385.0000 2580 2.0000 dn 0.4500 AAPL 11/19/11 390.0000 2496 4.2000 dn 0.3000 INTC 11/19/11 25.0000 2429 0.1000 dn 0.0200 BAC 11/19/11 6.0000 2274 0.1000 up 0.0200 -VOLUME- CALLS PUTS TOTAL 1348988 2006003 3354991
-CALLS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE DELL 1/21/12 15.0000 1719 1.0900 dn 0.3500 BAC 1/21/12 12.5000 737 0.0100 up 0.0000 BAC 12/17/11 7.0000 735 0.1200 dn 0.0200 AAPL 11/19/11 390.0000 697 2.5000 dn 0.8500 TGT 11/19/11 55.0000 640 0.2500 dn 0.1000 RIMM 11/19/11 20.0000 622 0.2800 up 0.0500 LDK 12/17/11 3.5000 585 0.2000 dn 0.0600 BAC 11/19/11 6.0000 567 0.1300 dn 0.1000 BAC 12/17/11 8.0000 557 0.0300 dn 0.0100 FAZ 11/19/11 41.0000 531 2.1500 up 0.1700 -PUTS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE YHOO 1/21/12 12.5000 1168 0.2700 up 0.0200 LDK 12/17/11 2.0000 1053 0.2600 up 0.1600 LNKD 11/19/11 70.0000 639 1.2500 up 0.5000 BAC 11/19/11 6.0000 486 0.0900 up 0.0100 LNKD 11/19/11 75.0000 389 4.0000 up 1.9500 BAC 12/17/11 5.0000 361 0.1200 up 0.0000 GLD 11/19/11 170.0000 351 0.4800 dn 0.0500 BAC 12/17/11 6.0000 319 0.4100 up 0.0400 DELL 1/21/12 14.0000 266 0.5000 dn 0.0100 AAPL 11/19/11 390.0000 251 4.2000 dn 0.3000 -VOLUME- CALLS PUTS TOTAL 70121 103277 173398Comments »
Oil Jumps 3% to $102+ on Pipeline Reversal
A bottle neck of crude has oil not finding its way to refiners. To ease the bottleneck Enbridge Inc. decide to reverse the flow of oil in one of its pipelines.
Comments »Rambus Loses Anti Trust Case Against Micron and Hynix
OUTRAGEOUS: “Europe’s debt crisis may warrant coordinated action by the Fed “
Better Save Your Coin or You May End Up Retiring at 80
Citigroup to Cut Up To 3k Jobs
MU Halted
News pending.
Comments »DNDN Halted
Circuit breaker
Comments »WTI-BRENT SPREAD FALLS BELOW $10
The great short WTI-long Brent trade is being unwound. The Brent premium is now just $9.75.
Comments »Cushing, OK oil glut is being addressed
This affects the refinery space immensely. Game changer, potentially.
Comments »Jenga! ConocoPhillips just knocked a big hole in the delicate logistical edifice on which the biggest anomaly in the oil world has been balancing.
In oil markets, 2011 has been the year of the great Brent spread. The North Sea crude oil benchmark has been trading at an unusually high premium to U.S. West Texas Intermediate oil for much of the year after many years of rough parity or trading at a slight discount.
On one side, the Libyan conflict pulled up demand for Brent. On the other — as discussed in this “Heard on the Street” column from February — logistical constraints have kept an increasing amount of oil bottled up in the Midwest. As Cushing, OK is where the WTI contract is settled physically, this glut has kept WTI prices depressed, widening the spread. Having started the year trading at a premium of $3.37 a barrel to WTI, Brent’s lead hit a peak of almost $27 on September 6th.
Now one of those bottlenecks on WTI is likely to be eased. Conoco is selling its 50% stake in the Seaway pipeline to Canada’s Enbridge Inc. Conoco kept the pipeline running northwards, i.e. bringing oil from the Gulf coast to Cushing. This kept oil bottled up in the Midwest, meaning Conoco’s refineries there had access to cheaper raw material, allowing them to generate big profits. Now that Conoco is splitting itself, it has no need for Seaway. And Enbridge, as a pipeline operator, has no incentive to keep the pipeline flowing north. By the second quarter of 2012, it expects Seaway to be transporting 150,000 barrels per day from Cushing to the Gulf coast, alleviating the WTI glut.
As of now, Brent’s premium to WTI has collapsed another $2.37 this morning, and is now down under $11 a barrel. As more pipelines get built over the next several years — including, perhaps, a rerouted Keystone XL — the great 2011 spread will be but a fond memory in oil refiners’ minds.
– Liam Denning