Yields for Italy, Spain, France, and Germany …
Comments »
China Stocks Fall Over 3% on Property Curbs
“China’s stocks fell, sending the benchmark index to its biggest loss since November 2011, on speculation more restrictions on the property industry will hurt demand for bank loans and construction materials.
A gauge of Shanghai developers slid 2.1 percent, poised for the biggest weekly drop since July, after the government told local authorities to halt real-estate speculation using measures such as home-price control targets and the expansion of a property tax. Anhui Conch Cement Co. (600585) slumped 5.4 percent. China Construction Bank Corp. (939), the largest mortgage lender, lost 2.9 percent. Jiangxi Copper Co. and PetroChina Co. led declines for metal and energy stocks after minutes from the Federal Reserve’s last meeting showed debate over further stimulus action….”
Comments »Most Global Markets Get Hammered, U.S. Futures Look to Open Lower
Asia Pares Some Gains, Europe is Flat to Slightly Higher, U.S. Futures are Flat
Yields for Italy, Spain, France, and Germany …
Comments »Asia Gaps to Higher Ground
[youtube://http://www.youtube.com/watch?v=7gs2o5T7oN8 450 300]
Comments »
Small Caps Have Been Crushing it Lately
“You probably know that stocks are on a major tear.
But if you’re just watching the S&P 500, you’re missing the real party.
BTIG‘s Dan Greenhaus — in last night’s Bedtime With BTIG note — puts the market gains into some nice perspective. Note the comment in bold.
Seven weeks in a row the S&P 500 traded higher although with no single day closing up or down more than 2.5 points, it certainly wasn’t a rousing move to the upside. More impressive though are small caps; the Russell 2000 isn’t just up all seven weeks this year, its higher in twelve of the last thirteen weeks. For the large caps, the past two weeks has certainly seen a slowing of gains; the index is up less than 0.5% over that period. For every GE (NBC universal deal and buyback), GOOG (core business doing fine) and CMCSA (up 6.5% this week after reporting), there’s a CTL (cut dividend, weighing on whole telecom space), MHP (credit rating cut) and MRK (Venezuela, Vytorin). The result is the lack of movement and complete reversal of the VIX spike from Monday the 4th.
Here’s a chart since november comparing the S&P 500 (red line) vs. the Wilshire Small Cap Index (blue line), which is a close approximation of the Russell 2000…”
Comments »
U.S. Equities Rise on Deal Making, Continuing Its Longest Weekly Gain Since 2011
European Stocks Rise on Better German Economic Sentiment
“European stocks rose fore the first time in four days as German economic sentiment improved more than forecast and Danone SA rallied after reporting earnings. U.S. index futures and Asian shares increased.
Danone, the world’s largest yogurt maker, surged the most since May 2010 after also announcing job cuts. Drax Group Plc climbed to a four-year high as the operator of Britain’s biggest coal-fired power station reported profit that topped projections. Bayer AG added 3.4 percent after beginning a new drug trial. Vodafone Group Plc sank to a three-week low as Sanford C. Bernstein & Co. downgraded the shares.
The Stoxx Europe 600 Index advanced 0.9 percent to 289.31 at 12:30 p.m. in London, erasing a 0.5 percent loss over the previous three days. The benchmark gauge has gained 3.5 percent this year as U.S. lawmakers agreed on a compromise federal budget. The index is trading at 12.4 times estimated earnings, up from a multiple of 9 in September 2011, according to data compiled by Bloomberg.
Danone “was a mainly positive report,” said Espen Furnes, who helps oversee $75 billion as fund manager at Storebrand Asset Management in Oslo. “We expect the European economy to pick up somewhat during 2013 which, combined with decent growth from other regions, means there still is material upside in European stocks in the longer term.”
Standard & Poor’s 500 Index futures expiring next month added 0.2 percent today, with U.S. markets set to reopen after the Presidents’ Day holiday. The MSCI Asia Pacific Index also gained 0.2 percent.
German Confidence
German investor confidence increased to the highest level in almost three years in February. The index of investor and analyst expectations climbed to 48.2 from 31.5 in January, the ZEW Center for European Economic Research said. That exceeded the median estimate of economists in a Bloomberg survey calling for an increase to 35…..”
Comments »China Stocks Fall the Most in Five Weeks as Valuations and Property Curbs Weigh
“China’s stocks fell the most in five weeks after valuations for the benchmark index climbed to the highest level in 17 months and on concern the government may introduce measures to curb property prices in March.
China Vanke Co. and Poly Real Estate Group Co. slumped more than 4 percent, sending a gauge of developers to its biggest loss in six months after China Business News said the government may impose real-estate curbs around the time of an annual legislative meeting. Anhui Conch Cement Co. slid the most since September 2011 after the government forecast slowing cement output growth. SAIC Motor Corp. dropped 4.5 percent, leading losses for consumer companies reliant on economic growth.
The Shanghai Composite Index fell 1.6 percent to 2,382.91 at the close, the biggest loss since Jan. 11 and the worst two- day start to the Lunar New Year since 2007. The CSI 300 Indexretreated 1.9 percent to 2,685.61. The Hang Seng China Enterprises Index slumped 1.4 percent.
“There’s been speculation that there will be more property tightening as home prices have not fallen,” Zhang Lei, an analyst with Minsheng Securities Co., said by phone from Beijing. “This talk is still making the rounds and there are expectations more measures will be announced. Stocks are also down after rallying a lot.”
The Shanghai index has risen 22 percent from a three-year low on Dec. 3 on signs economic growth is accelerating. The gauge traded at 13.4 times reported profit yesterday, the highest level since September 2011, data compiled by Bloomberg show. It’s now valued at 13.2 times.
RSI Signal….”
Comments »Asia Fell Overnight, Europe is Up, and U.S. Futures are Flat
Asia Trades Higher While Europe Hugs the Flat Line Largely in the Red
Global Markets Trade Mixed, U.S. Futures are Down Slightly
A List of Funds Dumping $AAPL
“………Here’s the rundown:
- “Tiger Cub” Stephen Mandel dropped his entire Apple stake in the fourth quarter. Lone Pine held more than 805,000 shares at the end of Q3, according to a 13F.
- Dan Loeb’s Third Point LLC also sold its Apple stake in Q4. Third Point had 710,000 shares at the end of Q3, according to a 13F filing.
- “Tiger Cub” Andreas Halvorsen’s Viking Global dumped its entire Apple stake in Q4, the filing shows. The hedge fund owned 1,094,000 shares at the end of Q3.
- John Burbank’s Passport Capital sold all its stake in the fourth quarter, according to a 13F. The fund owned 60,736 shares for the quarter ended 9/30/2012, according to a 13F.
- Eric Mindich’s Eton Park Capital Management sold all of its Apple stake in the fourth quarter, according to a 13F filing with the SEC. The hedge fund had 250,000 shares at the end of the third-quarter, according to that 13F.
- Barry Rosenstein’s JANA Partners sold its stake in Q4. At the end of Q3, the hedge fund held 143,148 shares of the tech giant, the Q3 13F filing shows.
- Leon Cooperman’s Omega Advisors dumped its stake. He previously had 266,404 shares of the tech giant’s stock at the end of the third quarter, according to a filing.
We’re going to keep updating this post as the filings come out….”
Comments »After Hours Shakers and Movers
Source and more stocks for junkies…
| Symbol | Company Name | Last | Change | Volume | |
| SPY | SPDR S&P 500 ETF Trust | 152.23 | -0.06 | -0.04% | 5,484,514 |
| EEMV | iShares MSCI Emerging … | 61.51 | +0.03 | +0.04% | 1,500,798 |
| QQQ | PowerShares QQQ Trust … | 67.92 | -0.03 | -0.04% | 1,256,467 |
| FCH | Felcor Lodging Trust Inc. | 5.33 | +0.02 | +0.38% | 997,321 |
| DELL | Dell Inc. | 13.70 | -0.01 | -0.07% | 952,300 |
| RAI | Reynolds American Inc. | 43.49 | +0.05 | +0.10% | 840,088 |
| CSCO | Cisco Systems Inc. | 20.98 | -0.01 | -0.05% | 776,006 |
| JNK | SPDR Barclays High Yie … | 40.74 | -0.01 | -0.03% | 639,400 |
| NWSA | News Corp. Cl A | 28.48 | -0.01 | -0.04% | 612,142 |
| IWM | iShares Russell 2000 I … | 91.64 | -0.07 | -0.08% | 612,008 |
| FTR | Frontier Communication … | 4.22 | -0.02 | -0.55% | 552,754 |
| BSV | Vanguard Short-Term Bo … | 80.84 | -0.02 | -0.02% | 502,169 |
| BP | BP PLC ADS | 42.29 | +0.02 | +0.05% | 500,000 |
| GE | General Electric Co. | 23.29 | -0.12 | -0.53% | 481,689 |
| CBS | CBS Corp. Cl B | 41.85 | -1.09 | -2.54% | 459,983 |
| NDAQ | NASDAQ OMX Group Inc. | 30.68 | +0.08 | +0.27% | 421,020 |
| ILF | iShares Trust S&P Lati … | 44.38 | -0.04 | -0.09% | 402,817 |
| TLT | iShares Trust Barclays … | 116.87 | +0.03 | +0.03% | 400,982 |
| ARR | Armour Residential REI … | 6.68 | -0.02 | -0.30% | 384,076 |
| ABBV | AbbVie Inc. | 36.14 | -0.43 | -1.17% | 381,372 |
| EEM | iShares Inc. MSCI Emer … | 44.12 | -0.03 | -0.06% | 369,284 |
| CTL | CenturyLink Inc. | 32.26 | -0.01 | -0.03% | 368,240 |
| GDX | Market Vectors ETF Tru … | 41.32 | -0.04 | -0.10% | 368,102 |
| YNDX | Yandex N.V. Cl A | 25.73 | +0.07 | +0.27% | 361,200 |
| GILD | Gilead Sciences Inc. | 41.53 | -0.07 | -0.16% | 349,649 |
As of 2/14/2013 4:21:38 PM
| Symbol | Company | Last Sale* | Change Net / % | Share Volume | |
|---|---|---|---|---|---|
| PowerShares QQQ Trust, Series 1 |  |
$ 67.89 | 0.06  0.09% |
1,426,581 | |
| Dell Inc. |  |
$ 13.70 | unch | 981,361 | |
| Cisco Systems, Inc. |  |
$ 21 | unch | 839,486 | |
| News Corporation |  |
$ 28.49 | unch | 645,727 | |
| Qlik Technologies Inc. |  |
$ 25.79 | 3.03  13.31% |
589,838 | |
| Amgen Inc. |  |
$ 85.212 | 0.472 0.56% |
566,445 | |
| SBA Communications Corporation |  |
$ 68.11 | unch | 557,683 | |
| Frontier Communications Corporation |  |
$ 4.21 | 0.03 0.71% |
555,418 | |
| Brocade Communications Systems, Inc. |  |
$ 5.97 | 0.03 0.50% |
458,372 | |
| The NASDAQ OMX Group, Inc. |  |
$ 30.60 | unch | 421,871 | |
NASDAQ Ten Most Advanced
As of 2/14/2013 4:18:04 PM
| Symbol | Company | Last Sale* | Change Net / % | Share Volume | |
|---|---|---|---|---|---|
| Qlik Technologies Inc. | |
$ 25.79 | 3.03 13.31% |
589,838 | |
| The Fresh Market, Inc. |  |
$ 50.2181 | 4.1681 9.05% |
5,016 | |
| Mondelez International, Inc. |  |
$ 27.7897 | 1.2197 4.59% |
287,254 | |
| Insulet Corporation |  |
$ 22.5522 | 0.9422 4.36% |
3,400 | |
| Digital Generation, Inc. |  |
$ 9.4735 | 0.3035 3.31% |
5,600 | |
| QuinStreet, Inc. |  |
$ 6.5906 | 0.2106 3.30% |
3,100 | |
| United Natural Foods, Inc. |  |
$ 56.3593 | 1.7293 3.17% |
6,447 | |
| Multimedia Games Holding Company, Inc. |  |
$ 18.6533 | 0.4533 2.49% |
4,100 | |
| ACI Worldwide, Inc. |  |
$ 48.3108 | 1.0408 2.20% |
8,976 | |
| Apollo Group, Inc. |  |
$ 19.0772 | 0.3972 2.13% |
20,606 | |
NASDAQ Ten Most Declined
As of 2/14/2013 4:01:50 PM
| Symbol | Company | Last Sale | Change Net / % | Share Volume | |
|---|---|---|---|---|---|
| LogMein, Inc. |  |
$ 19.17 | 4.49 18.98% |
19,455 | |
| Accuray Incorporated |  |
$ 4.2861 | 0.2839 6.21% |
54,300 | |
| Lufkin Industries, Inc. |  |
$ 60.5965 | 3.9635 6.14% |
3,700 | |
| GT Advanced Technologies, Inc. | $ 3.5649 | 0.1951 5.19% |
168,600 | ||
| Black Diamond, Inc. |  |
$ 7.95 | 0.42 5.02% |
3,100 | |
| SIGA Technologies Inc. |  |
$ 3.8829 | 0.1971 4.83% |
4,000 | |
| MarketAxess Holdings, Inc. |  |
$ 38.4149 | 1.8451 4.58% |
3,800 | |
| TASER International, Inc. |  |
$ 8.4679 | 0.3521 3.99% |
8,600 | |
| Monotype Imaging Holdings Inc. |  |
$ 19.979 | 0.661 3.20% |
4,600 | |
| Edgewater Technology, Inc. |  |
$ 3.7229 | 0.1071 2.80% |
3,000 | |
Jana Partners Dumps $AAPL
“Barry Rosenstein’s JANA Partners has completely divested its stake in Apple, according to a 13F filing for the fourth quarter ended 12/31/2012 with the Securities and Exchange Commission…”
Comments »Market Update
U.S. equities got off to a negative start thanks in part to Europe’s worse than expected GDP data and guidance.
Old man Buffet brought some love to the markets with a $28 billion acquisition of $HNZ. This takeover is likely the culprit of improving investors mood which helped the markets to pare most of their losses.
Europe closed on the lows of the day given their outlook.
Oil is rangebound flirting with new highs while gold and silver trade flat on the day.
The dollar has no doubt found strength off Europe’s woes.
Asia Trades Higher, Europe and U.S. Futures Trade Down
Asia Rallies Across the Board
After Hours Shakers and Movers
Source, more stocks for junkies
| Symbol | Company Name | Last | Change | Volume | |
| HES | Hess Corp. | 67.95 | UNCH | UNCH | 6,000,000 |
| FTR | Frontier Communication … | 4.48 | -0.02 | -0.38% | 1,711,936 |
| YHOO | Yahoo! Inc. | 21.15 | UNCH | UNCH | 1,107,282 |
| CSCO | Cisco Systems Inc. | 21.13 | -0.01 | -0.05% | 675,747 |
| SPY | SPDR S&P 500 ETF Trust | 152.15 | 0.00 | 0.00% | 668,631 |
| IWM | iShares Russell 2000 I … | 91.46 | -0.02 | -0.02% | 366,256 |
| BAC | Bank of America Corp. | 12.15 | -0.02 | -0.16% | 316,498 |
| ATVI | Activision Blizzard Inc. | 13.71 | -0.02 | -0.15% | 302,066 |
| EWT | iShares MSCI Taiwan In … | 13.61 | +0.01 | +0.04% | 284,821 |
| ETFC | E*TRADE Financial Corp. | 11.32 | +0.02 | +0.18% | 281,048 |
| WYNN | Wynn Resorts Ltd. | 122.70 | +0.30 | +0.25% | 246,477 |
| MSFT | Microsoft Corp. | 28.03 | UNCH | UNCH | 235,501 |
| SHO | Sunstone Hotel Investo … | 11.86 | UNCH | UNCH | 207,910 |
| NVDA | NVIDIA Corp. | 12.40 | +0.03 | +0.24% | 201,920 |
| SBAC | SBA Communications Corp. | 67.45 | UNCH | UNCH | 195,211 |
| BIG | Big Lots Inc. | 33.66 | +0.16 | +0.48% | 171,906 |
| GLW | Corning Inc. | 12.78 | UNCH | UNCH | 165,520 |
| GE | General Electric Co. | 23.39 | UNCH | UNCH | 159,053 |
| PLCM | Polycom Inc. | 10.12 | UNCH | UNCH | 132,540 |
| ACAS | American Capital Ltd. | 13.70 | UNCH | UNCH | 115,420 |
| PFE | Pfizer Inc. | 27.00 | UNCH | UNCH | 107,240 |
| XTEX | Crosstex Energy L.P. | 18.21 | -0.04 | -0.19% | 103,931 |
| SIRI | Sirius XM Radio Inc. | 3.20 | UNCH | UNCH | 88,878 |
| HBAN | Huntington Bancshares … | 7.16 | +0.03 | +0.46% | 83,209 |
| T | AT&T Inc. | 35.42 | UNCH | UNCH | 82,879 |
NASDAQ Ten Most Active Share Volume
As of 2/12/2013 6:40:43 PM
| Symbol | Company | Last Sale* | Change Net / % | Share Volume | |
|---|---|---|---|---|---|
| Sirius XM Radio Inc. |  |
$ 3.18 | 0.02  0.63% |
16,219,928 | |
| Facebook, Inc. |  |
$ 27.44 | 0.07  0.26% |
6,979,156 | |
| Comcast Corporation |  |
$ 41.75 | 2.78 7.13% |
2,715,898 | |
| PowerShares QQQ Trust, Series 1 |  |
$ 67.84 | 0.11 0.16% |
1,385,648 | |
| Micron Technology, Inc. |  |
$ 7.89 | 0.03 0.38% |
1,088,326 | |
| Intel Corporation |  |
$ 21.19 | unch | 1,018,982 | |
| Zynga Inc. |  |
$ 3.22 | 0.03 0.92% |
904,909 | |
| CA Inc. |  |
$ 24.87 | unch | 732,783 | |
| Cisco Systems, Inc. |  |
$ 20.99 | 0.03 0.14% |
661,589 | |
| Dell Inc. |  |
$ 13.78 | 0.02 0.14% |
645,736 | |
NASDAQ Ten Most Advanced
As of 2/12/2013 4:16:00 PM
| Symbol | Company | Last Sale* | Change Net / % | Share Volume | |
|---|---|---|---|---|---|
| RPX Corporation |  |
$ 12 | 1.31 12.25% |
10,518 | |
| Comcast Corporation | |
$ 41.75 | 2.78 7.13% |
2,715,898 | |
| Comcast Corporation | |
$ 39.95 | 2.37 6.31% |
68,609 | |
| Unilife Corporation |  |
$ 2.18 | 0.10 4.81% |
22,286 | |
| Quality Distribution, Inc. | $ 8.50 | 0.38 4.68% |
6,705 | ||
| Sapient Corporation |  |
$ 12.60 | 0.41 3.36% |
7,094 | |
| Solazyme, Inc. |  |
$ 9.19 | 0.25 2.80% |
25,441 | |
| Glu Mobile Inc. |  |
$ 2.39 | 0.05 2.14% |
3,938 | |
| Catamaran Corporation |  |
$ 53.20 | 1.03 1.97% |
8,885 | |
| IAC/InterActiveCorp |  |
$ 43.4443 | 0.6143 1.43% |
296,395 | |
NASDAQ Ten Most Declined
As of 2/12/2013 5:05:32 PM
| Symbol | Company | Last Sale | Change Net / % | Share Volume | |
|---|---|---|---|---|---|
| Natural Alternatives International, Inc. |  |
$ 4.85 | 0.39 7.44% |
11,940 | |
| NETGEAR, Inc. |  |
$ 33.80 | 2.70 7.40% |
29,933 | |
| Electronic Arts Inc. |  |
$ 16.45 | 1.09 6.21% |
58,300 | |
| Buffalo Wild Wings, Inc. |  |
$ 77.26 | 3.81 4.70% |
486,089 | |
| Blue Nile, Inc. |  |
$ 29.70 | 1.27 4.10% |
32,682 | |
| Seattle Genetics, Inc. |  |
$ 28.50 | 0.74 2.53% |
39,596 | |
| Equinix, Inc. |  |
$ 210.10 | 4.43 2.06% |
291,175 | |
| LivePerson, Inc. |  |
$ 13.40 | 0.26 1.90% |
19,473 | |
| BlackRock Kelso Capital Corporation | $ 10.36 | 0.20 1.89% |
11,267 | ||
| Web.com Group, Inc. |  |
$ 18 | 0.34 1.85% |
5,809 | |
Market Update
U.S. equities fell after a early morning attempt to seek higher ground by the bulls. Currently the DOW is off 38 bones which is roughly 30 points off the lows.
Gold, silver, and copper are flat. Oil has swung from positive to negative territory sitting flat right now near multi month highs.
The Yen and Euro lead against the dollar. The dollar is still holding above 80.
Profit takers have capped the markets from grinding higher, but selling is light and with 7 year intraday highs on the S&P it feels like we may be bot into the close thanks to Bearded Clam Physics.
Rule #1 Don’t fight the Fed.
Rule #2 In addition to remembering rule #1 understand that the whole planet is on the same page.
Rule # 3 Make hay while the sun shines.
