Most Active Options Trades
-CALLS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE BAC 2/10/12 8.0000 571 0.1100 up 0.0200 DIS 4/21/12 39.0000 233 2.9700 up 0.2700 DIS 7/21/12 40.0000 233 3.3800 up 0.0800 S 2/18/12 2.5000 231 0.0400 dn 0.0900 RIMM 3/17/12 17.5000 200 1.0000 dn 0.0900 MT 3/17/12 23.0000 200 1.2500 up 0.4500 AAPL 2/10/12 475.0000 185 2.3500 up 1.3200 SYMC 7/21/12 19.0000 181 0.7600 up 0.0500 AAPL 2/18/12 470.0000 171 7.3500 up 2.1500 AAPL 3/17/12 475.0000 155 12.0300 up 2.1300 -PUTS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE BAC 2/18/12 8.0000 267 0.2300 dn 0.0900 AAPL 2/18/12 470.0000 152 4.9000 dn 1.7000 UAL 3/17/12 21.0000 137 0.4800 up 0.1800 VALE 3/17/12 26.0000 121 0.8100 dn 0.1500 GM 2/18/12 25.0000 102 0.3400 up 0.0200 BAC 2/10/12 8.0000 80 0.1500 dn 0.0700 AAPL 2/10/12 465.0000 80 0.7800 dn 0.9500 YHOO 2/10/12 16.0000 72 0.2200 dn 0.1000 BAC 2/10/12 9.0000 68 1.0700 dn 0.1100 HIG 2/18/12 19.0000 65 0.1200 dn 0.4700 -VOLUME- CALLS PUTS TOTAL 15649 14803 30452
-CALLS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE PBR 7/21/12 35.0000 3000 1.3000 up 0.1500 S 2/18/12 2.5000 2799 0.0500 dn 0.0900 AAPL 2/10/12 470.0000 2290 5.0000 up 2.5800 MS 2/18/12 21.0000 2117 0.2300 dn 0.0500 TSO 2/18/12 28.0000 1684 0.5500 up 0.2500 BAC 2/18/12 8.0000 1585 0.2000 up 0.0300 S 2/18/12 2.0000 1486 0.3300 dn 0.1500 GLD 2/18/12 174.0000 1482 0.6400 dn 0.0200 AAPL 2/10/12 475.0000 1359 2.4000 up 1.4600 BIDU 2/18/12 145.0000 1359 1.1900 up 0.0900 -PUTS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE BAC 2/18/12 8.0000 2561 0.2400 dn 0.0900 BAC 8/18/12 6.0000 1903 0.3200 dn 0.0300 ESRX 2/18/12 50.0000 1734 0.8900 dn 0.0700 S 2/18/12 2.0000 1201 0.0100 dn 0.0100 GM 2/18/12 25.0000 1189 0.3700 up 0.0200 AAPL 2/10/12 470.0000 861 2.0900 dn 1.8100 AA 2/18/12 10.0000 824 0.0400 up 0.0000 MRK 1/19/13 35.0000 809 2.2800 up 0.0300 NFLX 2/18/12 125.0000 798 4.6500 up 0.9000 AAPL 2/10/12 455.0000 771 0.1600 dn 0.1500 -VOLUME- CALLS PUTS TOTAL 347853 270074 617927Comments »
Brent and WTI Spreads Blowing Out Again
GMO Crops See a Bumper Crop in 2011
Will Lower Trading Volumes Kill Brokerage Firms ?
U.S. Equity Preview : WU, DIS. TWX, S, OPNT, OPEN, KOG, CERN, & BWLD
Buffalo Wild Wings Inc. (BWLD) (BWLD US) rallied 15 percent to $81. The operator of about 800 namesake restaurants reported fourth-quarter profit excluding some items was 73 cents a share, topping the average analyst estimate of 67 cents.
Cerner Corp. (CERN) (CERN US): The developer of technology for organizing medical records forecast earnings in 2012 to be as much as $2.30 a share, exceeding the average analyst estimate by 4 cents.
Kodiak Oil & Gas Corp. (KOG) (KOG US) rose 1.6 percent to $9.11. The Denver-based oil and natural gas explorer with assets in the Williston Basin of North Dakota said it has entered into a contract for a seventh operated rig.
OpenTable Inc. (OPEN) (OPEN US) added 4.2 percent to $53.60. The online restaurant-reservation service reported fourth-quarter earnings of 37 cents a share, beating the average analyst estimate by 7 cents. The San Francisco-based company was raised to “overweight” from “neutral” by Piper Jaffray Cos.
Opnet Technologies Inc. (OPNT) (OPNT US): The management software maker reported third-quarter earnings of 26 cents a share, falling short of the average analyst estimate by 3 cents.
Sprint Nextel Corp. (S) (S US) rose 4.5 percent to $2.56. The third-largest U.S. wireless carrier posted a narrower loss than analysts projected after Apple Inc.’s (AAPL US) iPhone boosted sales.
Time Warner Inc. (TWX US) rose 4.3 percent to $39.72. The owner of the HBO cable-TV channel reported fourth-quarter profit that topped analysts’ estimates as advertising improved for its television networks. Time Warner also announced a new share buyback program of $4 billion and raised its quarterly dividend by 11 percent to 26 cents.
Virgin Media Inc. (VMED US) climbed 3.3 percent to $25.07. The U.K’s second-largest pay-television company is in talks with video-streaming providers to add shows and movies to its TiVo recording service, Chief Executive Officer Neil Berkett said.
Walt Disney Co. (DIS US) slipped 0.9 percent to $40.60. The largest U.S. entertainment company by market value reported first-quarter revenue was $10.8 billion, missing the average analyst estimate of $11.2 billion.
Western Union Co. (WU US) slumped 6.3 percent to $18.45. The world’s largest money-transfer business forecast earnings in 2012 will be no more than $1.75 a share, less than the average analyst estimate of $1.81.
Comments »Gapping Up and Down This Morning
Gapping up
AVID +17.7%, BWLD +16.8%, GUID +10.4%, BLDP +9.4%, SNCR +9.1%, CALX +8%, CERN +6.6%, GLUU +6.3%, MITK +5.3%, OPEN +5.3%, VCLK +3.3%,
BCS +2.8%, RIO +2.4%, BAC +1.9%, LGND +1.9%, NOK +1.6%,
Gapping down
SGI -23.5%, TNK -9.5%, CRDC -7.7%, OPNT -7.3%, RICK -6.7%, WU -6.6%, PNRA -2.8%, SNY -2.2%, SYT -2%, TCAP -1.7%, DIS -1.4%
Comments »In Play and On the Wires
Mortgage Applications Jump on Refi Demand
German Exports Fall Four Times More Than Expected
MSCI-All Country Index Set to Enter Bull Market Territory
Poland Leaves Rates Unchanged
Global Markets and U.S. Futures Move to Higher Ground; Shanghai Popping 2.4%
Today’s Biggest Winners and Losers
Market Update
Comments »Stocks extended their opening slide beneath the prior session’s lows, but buyers have stepped in to fuel a rebound. The effort has taken both the Nasdaq and the Dow into positive territory, but the S&P 500 has paused near the neutral line. The upward move by stocks has been broad based, but there still isn’t a clear source of leadership. Energy stocks, which outperformed in the prior session, are still down 0.3% today. Meanwhile, both consumer discretionary and consumer staples plays are sporting collective gains of 0.3%. While that may be better than what any other sector has scored, neither group has the weight to carry the broad market higher, however.
Asset Correlation Just Hit the Lower End of the Channel (chart porn)
This Morning’s Money Flows
ISSUE GAINERS SYMBOL EXCH LAST PRICE MONEY FLOW RATIO
(in millions)
iShrs Russell 2000 IWM ARCA 82.37 +69.4 4.12
Vangrd Intermed-Trm Cp Bd VCIT NASD 84.33 +39.2 12.58
Vanguard Long-Trm Crp Bd VCLT NASD 87.26 +23.9 73.13
Bank Of America BAC NYSE 7.91 +22.5 1.57
Select Sector SPDR-Matrls XLB ARCA 37.42 +17.6 7.15
Citigroup C NYSE 32.96 +13.9 1.52
ConocoPhillips COP NYSE 71.43 +13.3 1.83
Verizon Communications VZ NYSE 37.77 +10.5 2.48
Johnson & Johnson JNJ NYSE 65.03 +9.1 2.10
Regeneron Pharmaceuticals REGN NASD 99.69 +8.8 1.98
Freeport McMoran FCX NYSE 45.76 +7.8 1.44
Anadarko Pete APC NYSE 85.18 +7.5 1.26
Halliburton HAL NYSE 36.82 +7.1 1.38
Capital One Fincl COF NYSE 47.67 +6.8 1.69
Procter & Gamble PG NYSE 63.58 +6.8 1.56
Occidental Pete OXY NYSE 103.79 +6.8 1.50
NetApp NTAP NASD 39.92 +5.9 2.37
Liberty Global Cl A LBTYA NASD 47.78 +5.5 9.47
Goldman Sachs GS NYSE 116.27 +5.3 1.23
Walgreen WAG NYSE 33.66 +5.1 1.56
ISSUE DECLINERS SYMBOL EXCH LAST PRICE MONEY FLOW RATIO
(in millions)
Apple AAPL NASD 465.74 -47.7 0.85
PwrShrs QQQ Tr Series 1 QQQ NASD 61.86 -32.9 0.42
Google GOOG NASD 605.50 -28.6 0.71
Gilead Sciences GILD NASD 55.35 -21.6 0.45
IBM IBM NYSE 192.19 -18.5 0.48
Microsoft MSFT NASD 30.14 -18.1 0.36
ExxonMobil XOM NYSE 85.27 -15.6 0.57
General Electric GE NYSE 18.95 -13.7 0.46
Cisco Systems CSCO NASD 20.13 -13.6 0.44
SPDR S&P 500 SPY ARCA 133.94 -13.5 0.93
Coca-Cola KO NYSE 68.21 -11.6 0.60
Boeing BA NYSE 74.50 -10.5 0.41
JPMorgan Chase JPM NYSE 37.86 -10.2 0.55
Vanguard Growth VUG ARCA 67.05 -9.9 0.04
American Capital Agency AGNC NASD 29.77 -9.5 0.50
McDonald's MCD NYSE 100.19 -9.3 0.68
Kraft Foods KFT NYSE 38.44 -9.2 0.31
Coinstar CSTR NASD 59.32 -9.0 0.89
AT&T T NYSE 29.83 -8.8 0.56
Home Depot HD NYSE 45.30 -8.5 0.33
Comments »
52 Week Highs and Lows
New Highs 47 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ BlRk Cr Alloc Inco Tr IV BTZ 13.05 37,741 BlackRockFL Muni 2020 BFO 15.53 2,178 BlRk Muyld NY Qlty MYN 14.80 27,608 Brookfield Off Prop Cda BOXC 25.34 6,800 CBS Corp A CBS/A 30.58 430 Canadian Pacific Railway CP 75.56 217,011 Chipotle Mexican Grill CMG 374.97 63,904 Church & Dwight CHD 47.93 284,148 Cobalt Intl Engy CIE 22.40 146,928 CompanhiaSBEDP SBS 69.11 37,981 CoreSite Realty COR 21.18 24,751 DWS Hi Incm Opps Fd DHG 15.18 24,544 Dick's Sporting Goods DKS 43.13 131,490 Discover Fnl Svcs DFS 28.50 369,171 EV National Municipal Opp EOT 21.62 3,982 Federal Realty Inv Trust FRT 96.83 21,335 H&Q Life Sciences HQL 13.42 10,128 InvenSense INVN 18.60 171,221 InvescoVK OHQlty VOQ 16.84 4,507 Kennedy-Wilson Hldgs KW 14.00 14,786 Laredo Petroleum Hldgs LPI 24.90 26,289 LeapFrog Cl A LF 6.41 151,147 Molina Hlthcr MOH 32.96 131,810 NCR Corp NCR 21.16 1,639,841 Navigant Consulting NCI 13.59 9,355 Noble Energy NBL 104.00 132,320 Novo Nordisk NVO 133.71 98,272 Nuveen MI Quality Income NUM 15.64 4,088 Nuveen Quality Pfd JHP 8.50 6,132 Oceaneering Intl OII 52.79 51,974 PIMCO MuniFd PMF 15.27 6,016 PPLUS 6.00% Sers GSG-1 PJI 24.67 2,205 Provident Energy PVX 11.82 149,666 RLJ Lodging Trust RLJ 18.85 7,504 Rentech Nitrogen Ptrs LP. RNF 25.93 58,695 Rose Rock Midstream RRMS 21.75 12,091 SandRidge Permian Trust PER 23.65 67,500 Standard Pacific SPF 4.66 3,343,393 Sunoco Inc SUN 40.00 207,825 Targa Resources Partners NGLS 40.16 15,451 Terra Nitrogen TNH 201.95 8,883 Torchmark TMK 48.00 115,283 TransDigm Group TDG 115.01 216,636 Wausau Paper WPP 9.25 70,864 Wstrn Asset Emerg Mkts ESD 19.97 18,442 Wright Express WXS 59.14 8,425 YUM! Brands YUM 65.79 2,640,821 New Lows 0 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ NASDAQ
New Highs 32 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ Abiomed ABMD 23.50 122,468 Alterra Capital Holdings ALTE 25.18 24,125 Apple AAPL 466.90 2,073,011 Atrion ATRI 261.98 730 BE Aerospace BEAV 46.21 84,610 Cal-Maine Foods CALM 39.60 4,185 Charming Shoppes CHRS 5.27 104,522 Clovis Oncology CLVS 24.92 26,487 Coinstar CSTR 60.84 6,264,415 Energy XXI (Bermuda) EXXI 38.22 230,533 GeoResources GEOI 33.23 27,057 iSh All Cntry exJap SmCp AXJS 58.11 1,400 iShrNasdaqBiotch IBB 122.45 96,636 Liberty Global Cl A LBTYA 48.26 199,643 Market Leader LEDR 3.24 15,250 Mattel Inc MAT 31.79 438,447 NewsCorp B NWS 20.25 247,883 O'Charley's CHUX 9.97 451,076 Panera Bread Co PNRA 158.89 79,705 Peet's Coffee & Tea PEET 68.21 7,589 Peoples Federal Bcshs PEOP 15.19 367 PwrShs SP SmCp Cons Discr PSCD 31.48 2,409 Regeneron Pharmaceuticals REGN 101.93 411,673 Santarus SNTS 5.08 42,076 SeagateTech STX 26.72 1,930,531 Select Comfort SCSS 28.91 213,284 Shuffle Master SHFL 14.22 35,993 Southern Comm Cap Tr II SCMFO 5.67 4,601 Synergy Pharms Un SGYPU 9.71 2,700 Taylor Capital Group TAYC 13.09 8,982 Tractor Supply Co TSCO 84.36 260,052 VIVUS VVUS 13.18 569,332 New Lows 3 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ iSh All Cntry exJap SmCp AXJS 56.59 1,400 TBS Intl Cl A TBSI 0.12 2,017,275 Unity Bancorp UNTY 6.00 4,900
Comments »
U.S. Equity Preview: YUM, VECO, SPF, CSTR, NCR, & APC
Anadarko Petroleum Corp. (APC US): The largest U.S. independent oil and natural-gas producer by market value reported fourth-quarter profit excluding some items that beat the average analyst estimate by 36 percent, data compiled by Bloomberg show.
Coinstar Inc. (CSTR) (CSTR US): The owner of the Redbox movie- rental kiosks reported fourth-quarter profit that beat analyst estimates and said it will buy the competing service operated by NCR Corp. (NCR US).
Standard Pacific Corp. (SPF US): The Irvine, California- based homebuilder reported fourth-quarter profit and sales that beat the average analyst estimates in a Bloomberg survey.
Veeco Instruments Inc. (VECO US): The maker of gear for chipmakers and data storage forecast first-quarter profit excluding some items of 13 cents a share to 34 cents a share. Analysts in a Bloomberg survey estimated 33 cents on average.
Yum! Brands Inc. (YUM US): The owner of the KFC and Taco Bell fast-food chains said fourth-quarter profit gained 30 percent as sales increased at stores in China.
Comments »Gapping Up and Down This Morning
Gapping up
CSTR +16.9%, NCR +8.3%, SPF +5.2%, NVO +2.7%, YUM +2.5%, KFN +1.6%, APC +1.4%, MT +1.2%, PRGO +2%, VSH +1.6%, APC +1.4%, MT +1.2%, KO 1.1%,
CLF +2.0%, MHS +1.2%, ESRX +0.7%, BPAX +17.1%, BMTI +4.9%, NVO +2.7%, HGSI +2.1%
Gapping down
KNXA -11%, PMCS -6.1%, IDCC -4.6%, VECO -4.2%, OMI -4.1%, SBH -3.9%, CBM -3.4%, BP -2%, AGNC -1.3%, RATE -5.7%, CFX -5.3%, IDCC -4.7%, VECO -4.2%,
GSK -2.4%, SREV -2%, RIO -1.7%, FCX -1.3%, BHP -1.2%, GOLD -1.1%, SLV -1.1%, BBL -0.9%, SDRL -1.7%, STO -1.6%, RIG -1.3%, TOT -1.2%, VPHM -6.6% ,
SBH -2.8%, ACHN -6.7%, WAG -2.6%, SOHU -1%, AZN -0.4%, DRIV -2.5%
Comments »
