Global Markets and U.S. Futures Trade to the Downside
January Finds a Huge Uptick in ETF Investments
High Hybird/Volume Movers
Click here to today’s hybrid movers, click here for charts in finviz.
Comments »Afternoon Update
Comments »A lack of positive catalysts have kept the major equity averages chopping along in negative territory all day. Losses are only modest, though.
Without any economic data or corporate reports of major consequence market participants had little to focus on besides Greece’s ongoing struggle to establish and implement austerity measures, as well as covenants with its creditors. Chatter — nothing official — about a pending agreement has helped lift the euro out of the red to a modest gain against the greenback.
For the most part, stocks have shrugged off the headline; too often in recent weeks have such stories proven to be only rumors.
Although all 10 major sectors started the session in the red, energy stocks have been making a steady march higher. In fact, the sector is now at a session high and sporting a 0.5% gain. Every other sector is either mired in negative territory or stuck near the neutral line.
Market Update
Comments »Chatter that a deal may have been struck between Greece and its creditors has helped take the euro higher. In fact, the euro is now flat against the greenback after it was down about 0.5% only a couple of hours ago. The stock market hasn’t shown much of a response to that headline, however. That’s likely because market participants have been repeatedly disappointed during recent weeks as just about every report has been hardly more than rumor. The lack of results has frustrated many, and undermined confidence in the country’s ability and willingness to take steps necessary in shoring up fiscal and economic conditions.
Heat Map and the S&P A/D Line
Money Flows
ISSUE GAINERS SYMBOL EXCH LAST PRICE MONEY FLOW RATIO
(in millions)
Vanguard Short-Term Bond BSV ARCA 81.30 +40.2 61.63
Baidu BIDU NASD 132.27 +18.1 1.30
IBM IBM NYSE 192.94 +17.7 1.87
Chevron CVX NYSE 104.88 +12.7 2.27
Morgan Stanley MS NYSE 20.38 +12.5 1.81
Amazoncom AMZN NASD 184.56 +11.7 1.24
Johnson & Johnson JNJ NYSE 65.42 +11.7 2.47
General Electric GE NYSE 19.06 +11.6 2.26
VISA (Cl A) V NYSE 107.25 +11.0 1.96
McDonald's MCD NYSE 99.38 +10.5 2.54
PwrShs DB Com Track DBC ARCA 28.36 +8.8 34.22
Natl Oilwell Varco NOV NYSE 82.73 +7.8 1.65
iShrs MSCI Spain EWP ARCA 31.86 +7.5 28.68
Mastercard MA NYSE 388.80 +7.4 1.29
ConocoPhillips COP NYSE 70.54 +7.3 1.98
Wells Fargo WFC NYSE 30.45 +7.1 1.99
Barrick Gold ABX NYSE 49.31 +6.5 2.17
DuPont DD NYSE 51.53 +6.5 2.26
Intuitive Surgical ISRG NASD 492.23 +6.1 1.44
Verizon Communications VZ NYSE 37.87 +6.1 1.77
ISSUE DECLINERS SYMBOL EXCH LAST PRICE MONEY FLOW RATIO
(in millions)
iShrs Russell 2000 IWM ARCA 82.76 -54.2 0.37
Apple AAPL NASD 461.00 -26.4 0.88
Microsoft MSFT NASD 30.09 -16.9 0.41
AT&T T NYSE 29.78 -13.6 0.39
ExxonMobil XOM NYSE 84.82 -13.4 0.48
Procter & Gamble PG NYSE 63.07 -11.6 0.48
Google GOOG NASD 601.73 -11.5 0.90
Caterpillar CAT NYSE 113.86 -11.4 0.67
Amgen AMGN NASD 67.89 -9.5 0.49
Genuine Parts GPC NYSE 64.37 -8.6 0.09
Merck MRK NYSE 38.30 -8.5 0.33
Wal-Mart Stores WMT NYSE 61.74 -7.6 0.35
Ford Motor F NYSE 12.88 -7.5 0.73
Intel INTC NASD 26.47 -7.4 0.79
Boeing BA NYSE 75.44 -7.3 0.58
CSX CSX NYSE 22.61 -7.0 0.54
General Motors Co GM NYSE 26.53 -7.0 0.70
Broadcom BRCM NASD 37.08 -7.0 0.55
Oracle ORCL NASD 28.99 -6.9 0.38
Goldman Sachs GS NYSE 117.36 -6.8 0.71
Comments »
52 Week Highs and Lows
New Highs 54 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ ACCO Brands ABD 11.19 33,830 Acadia Realty Trust AKR 22.24 13,746 Alliance Data Sys ADS 116.12 91,247 Amer Campus Communities ACC 43.92 31,462 Applied Indus Tech AIT 41.33 14,950 Assd Banc-Corp.8.00%Pfd ABWpB 26.20 100 Black Hills Corp BKH 35.20 13,536 BlackRock NJ Municipal Tr BNJ 17.00 867 Bt Group BT 34.18 13,360 Chesapeake Granite Wash CHKR 26.12 70,660 Chipotle Mexican Grill CMG 374.92 97,532 Cobalt Intl Engy CIE 21.80 300,472 Credicorp BAP 119.99 11,124 Donaldson Co DCI 76.63 24,634 Douglas Emmett DEI 21.63 62,479 EastGroup Properties EGP 49.43 21,165 Embotelladora B AKO/B 30.41 4,583 Federal Realty Inv Trust FRT 96.55 9,884 Fst Niagara Finl Pfd B FNFGpB 27.55 2,908 Gazit-Globe GZT 10.24 2,632 Genie Energy GNE 10.82 2,657 InvenSense INVN 18.34 290,160 James Hardie Indus ADS JHX 39.75 365 LTC Properties LTC 32.86 5,985 Las Vegas Sands LVS 52.35 2,006,467 LeapFrog Cl A LF 6.27 175,137 Lithia Motors LAD 25.35 66,800 LyondellBasell Inds LYB 44.84 389,234 Mastercard MA 393.00 223,728 Michael Kors Holdings KORS 33.50 126,840 Molina Hlthcr MOH 32.00 39,712 National Health Investors NHI 51.27 7,219 Nuveen Build Am Bd Opp Fd NBD 22.04 786 Ocwen Fincl OCN 15.21 29,551 Oiltanking Partners LP OILT 31.09 808 Old Natl Bancorp ONB 12.77 49,075 PS Business Parks PSB 64.58 2,498 Pacific Drilling PACD 10.56 79,162 Penske Automotive PAG 24.08 19,400 Pier 1 Imports PIR 17.02 135,400 Polaris Indus PII 67.79 95,909 Post Properties PPS 46.26 38,818 PulteGroup PHM 8.52 2,164,070 Rentech Nitrogen Ptrs LP. RNF 25.72 73,073 Ryland Group RYL 20.56 266,960 SandRidge Mississip Tr SDT 35.40 57,217 AO Smith AOS 45.44 41,796 SolarWinds SWI 36.99 397,430 Sonic Auto SAH 17.09 26,776 Sovran Self Storage SSS 48.80 9,450 Sturm Ruger RGR 43.68 25,196 SWS Group SWS 7.77 39,826 SYNNEX SNX 38.28 20,343 Western Asset Mun Tr Fund MTT 23.04 2,435 New Lows 0 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ NASDAQ
New Highs 47 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ Apple AAPL 461.28 1,403,002 Ariad Pharm ARIA 15.82 357,098 BE Aerospace BEAV 46.12 72,254 BSB Bancorp BLMT 11.05 1,933 Beacon Roofing Supply BECN 24.59 30,870 BofI Hldg BOFI 17.48 14,473 Caribou Coffee Co CBOU 18.12 27,973 Computer Task CTGX 15.32 4,905 Cost Plus CPWM 15.69 93,943 Elizabeth Arden RDEN 39.32 36,140 ePlus Inc PLUS 31.99 3,125 Fastenal Co FAST 48.39 221,114 First California Finl Grp FCAL 4.90 15,367 First Citizens Banc FCZA 4.96 600 Gilead Sciences GILD 55.48 2,361,542 Global X NASDAQ 500 QQQV 27.42 450 Guaranty Bancorp GBNK 1.68 13,900 Hain Celestial Group HAIN 41.73 33,824 Harleysville Savss Fincl HARL 15.75 200 InnerWorkings INWK 11.66 7,100 Knology KNOL 16.23 10,311 Lakeland Industries LAKE 10.32 9,417 Liquidity Services LQDT 40.96 88,926 Medivation MDVN 74.60 77,827 MercadoLibre MELI 98.75 82,603 MicroFinancial MFI 7.11 1,557 Nathan's Famous NATH 21.94 1,200 Nicholas Fincl NICK 14.00 2,917 Northfield Bancorp NFBK 16.49 1,503 O'Charley's CHUX 9.88 8,604,892 Omega Flex OFLX 17.47 570 Panera Bread Co PNRA 158.40 112,865 Peoples Federal Bcshs PEOP 15.01 200 PwrShs SP SmCp Cons Discr PSCD 31.35 654 Presidential Life PLFE 12.21 7,556 Regeneron Pharmaceuticals REGN 98.08 163,122 Russ Small-Cap Contrarian SCTR 68.01 200 SLM 6.398% CPI-Lnkd 2018 ISM 21.95 692 Shuffle Master SHFL 14.12 24,797 Spirit Airlines SAVE 19.49 97,816 SureWest Comm SURW 22.69 130,199 Synergy Pharms Wt SGYPW 1.37 5,950 Synergy Pharms Un SGYPU 8.70 1,100 Tessco Techs TESS 18.13 6,731 Threshold Pharmaceuticals THLD 3.92 6,474,286 WSB Hldgs WSB 3.50 250 York Water Co YORW 18.22 1,706 New Lows 2 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ CyberDefender CYDE 0.13 59,690 Echo Therapeutics ECTE 1.95 21,190
Comments »
Most Active Options Trades
-CALLS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE BAC 2/18/12 8.0000 654 0.1900 up 0.0100 AMGN 4/21/12 72.5000 155 1.2300 dn 0.2600 LVS 2/10/12 52.5000 151 0.7200 up 0.1500 AMGN 3/17/12 72.5000 138 0.5600 dn 0.2300 CSX 5/19/12 25.0000 125 0.3000 dn 0.1800 GLD 2/18/12 168.0000 117 1.9300 dn 0.3500 TIVO 2/18/12 10.0000 110 1.5300 up 0.7700 BAC 3/17/12 7.0000 109 0.9800 dn 0.0100 AAPL 2/10/12 460.0000 105 3.8500 up 0.3500 FAZ 2/18/12 26.0000 104 1.2100 up 0.0800 -PUTS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE LVS 2/18/12 48.0000 587 0.2100 up 0.0000 BAC 2/18/12 7.0000 518 0.0500 up 0.0000 NFLX 2/10/12 95.0000 198 0.0100 dn 0.0600 GLD 2/18/12 165.0000 163 1.4400 up 0.0500 LVS 2/10/12 50.0000 151 0.1800 dn 0.0800 CSX 5/19/12 22.5000 125 1.3300 up 0.2600 POT 6/16/12 37.5000 113 0.8700 up 0.0000 LVS 2/18/12 45.0000 112 0.0600 up 0.0100 TEVA 6/16/12 37.5000 80 0.6100 up 0.0400 TEVA 6/16/12 40.0000 80 0.9700 up 0.0500 -VOLUME- CALLS PUTS TOTAL 13717 18176 31893
-CALLS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE BAC 2/18/12 7.0000 2207 0.9200 up 0.0500 F 4/21/12 14.0000 2110 0.2900 up 0.0400 GLD 3/17/12 168.0000 2011 4.0000 dn 0.2900 F 2/18/12 11.0000 2000 1.8300 up 0.0500 GM 3/17/12 25.0000 1619 2.3600 up 0.2700 GM 2/18/12 20.0000 1608 6.5100 up 0.2600 BAC 2/10/12 8.0000 1272 0.1200 up 0.0000 AAPL 2/10/12 465.0000 1158 1.7400 up 0.3100 CSCO 2/18/12 20.0000 1064 0.7400 up 0.0000 AAPL 2/10/12 460.0000 1012 3.9500 up 0.5000 -PUTS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE BAC 5/19/12 6.0000 3119 0.1800 up 0.0000 ZNGA 2/18/12 12.0000 1926 0.6700 dn 0.1300 BAC 5/19/12 7.0000 1556 0.4000 dn 0.0100 TLT 2/18/12 115.0000 1354 0.8600 dn 0.0500 DNDN 2/18/12 14.0000 1191 0.4800 dn 0.2100 T 2/18/12 35.0000 1031 5.2500 up 0.1000 HAL 2/10/12 36.0000 1002 0.2900 dn 0.0200 SYY 2/18/12 30.0000 920 0.5000 up 0.2000 TOL 3/17/12 24.0000 906 1.3000 up 0.1200 HPQ 5/19/12 24.0000 750 0.4500 up 0.0000 -VOLUME- CALLS PUTS TOTAL 265391 229000 494391Comments »
U.S. Equity Preview: ZGNX, WY, TIVO, SURW, SOHU, RVBD, MU, HAS, GM, & DEPO
Depomed Inc. (DEPO) gained 7.5 percent to $7.2. The drugmaker said it will get “modest, single-digit royalties” on net product sales of Merck & Co.’s (MRK US) type 2 diabetes Janumet XR until the expiration of the licensed patents.
General Motors Co. (GM) rose 1.2 percent to $26.50. The automaker is likely to report net income in 2011 was $8 billion when it reports earnings on Feb. 16, the Wall Street Journal reported, citing unidentified people who have seen the figures. That compares with the average analyst estimate of $7.8 billion, according to data compiled by Bloomberg.
Hasbro Inc. (HAS) declined 5.5 percent to $33.89. The world’s second-biggest toymaker reported fourth-quarter revenue of $1.33 billion, falling short of the average analyst estimate of $1.34 billion.
Micron Technology Inc. (MU) fell 2.6 percent to $7.74. Steve Appleton, the memory-chip industry’s longest-serving chief executive officer, died after crashing an experimental plane in Boise, Idaho. Chief Operating Officer Mark Durcan will assume the CEO’s responsibilities until a successor is chosen.
Riverbed Technology Inc. (RVBD) rose 2.3 percent to $26.51. The maker of computer-networking products was raised to “outperform” from “sector perform” at Pacific Crest Securities Inc.
Sohu.com Inc. (SOHU) fell 13 percent to $55. The owner of China’s third-biggest search-engine posted an unexpected 39 percent decline in profit as the company incurred a charge from acquisitions, eroding higher advertising and games sales.
SureWest Communications (SURW) rallied 9.1 percent to $17.01. Consolidated Communications Holdings Inc. (CNSL US) is agreed to buy the operator of an integrated network of communications products for $23 a share.
TiVo Inc. (TIVO) climbed 6.9 percent to $12. The digital-video recording pioneer may rise to $18 or higher as patent-lawsuit settlements boost income and its digital- recording technology attracts takeover bids, Barron’s reported.
Weyerhaeuser Co. (WY) declined 2.2 percent to $20.84. The U.S. lumber producer and home builder was cut to “sell” from “neutral” at UBS AG.
Zogenix Inc. (ZGNX) retreated 10 percent to $2.45. The specialty pharmaceutical company filed a plan to sell as much as $75 million of securities. Proceeds will be used to help fund the commercialization of its Sumavel DosePro and Zohydro drugs and develop new product candidates.
Comments »Upgrades and Downgrades This Morning
AeroVironment, Inc. (NASDAQ: AVAV) Raised to Buy at Goldman Sachs.
Aetna, Inc. (NYSE: AET) named Bull of the Day at Zacks.
Alcatel-Lucent S.A. (NYSE: ALU) Cut to Sell at S&P Equity Research.
Ann Inc. (NYSE: ANN) Cut to Underperform at Barclays.
Cardinal Health Inc. (NYSE: CAH) Reiterated Buy with $52 price target at Argus.
Comerica Inc. (NYSE: CMA) Raised to Outperform at RBC.
Corning Inc. (NYSE: GLW) Raised to Overweight at Piper Jaffray.
FedEx Corporation (NYSE: FDX) Raised to Buy at BofA/ML.
JAKKS Pacific, Inc. (NASDAQ: JAKK) named Bear of the Day at Zacks.
Macy’s Inc. (NYSE: M) named as value stock of the day at Zacks.
PNC Financial Services Group, Inc. (NYSE: PNC) Cut to Market Perform at BMO.
Polypore International Inc. (NYSE: PPO) Raised to Outperform at Baird.
Royal Dutch Shell (NYSE: RDS-A) Cut to Neutral at Credit Suisse.
Skechers U.S.A., Inc. (NYSE: SKX) Raised to Neutral at Stern Agee.
Teva Pharmaceutical Industries (NASDAQ: TEVA) Cut to Equal-weight at Morgan Stanley.
Under Armour Inc. (NYSE: UA) Reiterated Buy with $90 target at Argus.
Weyerhaeuser Company (NYSE: WY) Cut to Sell at UBS.
Gapping Up and Down This Morning
Gapping up
HCA +2.6% , DEPO +6.4%, TIVO +6.9%, RVBD +3.5% , GOLD +3.3%, NBG +1.7%, SURW +9% , THLD +12.7%, DEPO +7.0%, GM +2.3%, CFX +3.5% , PPO +2.4%,
FDX +1.0%, GLW +1.5% , KRA +0.6%,
Gapping down
ZGNX -12.1%, ANR -4.3%, DB -3.6%, MT -3.5%, TS -2.8%, MU -1.9%, RIO -1.1%, OHU -11.2%, CYOU -6.2%, HUM -3.2%, HAS -2.4%, : DB -2.9%, BCS -2.9%, ING -2.1%,
CS -1.9%, C -0.9%, WY -2.3% , ABB -2.3%, MGM -1.9%,
Comments »In Play and On the Wires
Retail Sales and the Aussie Dollar Fall
Asia Trades Mixed While Europe and U.S. Futures Fall
Asian Shares Rise
By SHRI NAVARATNAM
SINGAPORE—Asian stock markets rose on Monday after an upbeat jobs report from the U.S. suggested the recovery in the world’s biggest economy was picking up pace, driving cyclical stocks higher and buoying the U.S. dollar.
There was some caution in markets as Greek debt restructuring talks dragged on, keeping the euro under pressure.
Still, regional investors worked off positive cues from Wall Street after Friday’s above-view U.S. jobs data, which drove the Nasdaq Composite to an 11-year high and pushed the Dow Jones Industrial Average to its highest close in nearly four years.
Renewed concerns recently “over the slow U.S. economy have been overturned by the latest jobs data, euro zone fears are easing, and there’s abundant liquidity being pumped in by developed nations all over the global stock markets,” said Samsung Securities analyst Park Seung-jin in Seoul. “If Greece finalizes talks with the private sector over its debt issue, there could be an even stronger rally.”
Japan’s Nikkei Stock Average rose 1.2%, Australia’s S&P/ASX 200 advanced 1.2%, and South Korea’s Kospi Composite tacked on 0.7%. Markets in New Zealand were closed for a public holiday.
Read the rest here.
Comments »Marketview: Gripped by Momentum
Via Dynamic Hedge
When the markets are dropping and volatility is high, traders are well advised to disregard garden variety technical tools. The same goes for momentum markets, which are an odd inverse of markets in panic. Momentum is a club-footed sprinter who occasionally stumbles on resistance (and himself) on the way to higher prices — making a fool of every top caller in the process. $SPX 1370 is the number now, and the momo crowd has it in their sights. The reason? There are buy stops there that must be taken out.
If and when we get to 1370 there will be a massive rotation of holders. We’ve seen how this movie plays out a few times before. My guess is that shorting at 1370 will look really good until it doesn’t. Similar to how shorting 1220 looked good in 2010 until it didn’t. See chart here.
Read the rest and see the charts here.
Comments »Most Overbought S&P 500 Stocks
via Bespoke
There are now 24 stocks in the S&P 500 that are trading more than 20% above their 50-day moving averages. That’s a high number. As shown below, Netflix (NFLX) is the farthest above its 50-day at 50.96%. Genworth Financial (GNW) is the second most overbought at 34.67% above its 50-day, followed by Whirlpool (WHR), Eastman Chemical (EMN), Bank of America (BAC), and Textron (TXT).
Long investors have done extremely well over the last month or so. Rest assured, however, that there will one day be a pullback again! The problem with waiting for a pullback to buy is that the market can go a lot higher before that pullback occurs, just as the market can go a lot lower while waiting for a bounce to sell.
See the list here.
Comments »Friday’s Movers
Here were Friday’s high hybrid/volume movers, click here for charts.
Comments »
