LIBOR, EURIBOR, 10 year yields for Italy, Spain, France, and Germany
Comments »HIBACHI GRILLED! Nikkei Opens Sharply Lower in Early Trading
Japan stocks tumble in post-holiday return, as strong yen weighs; Nikkei Average down 2.8% via @MarketWatch
Comments »BOO:( Global Meltdown to Ensue; Deutsche Bank Breaks it Down
Market reaction to all the developments in Europe are starting off bad. Pray for resilience and the ability for markets to disconnect or trade upon their own merits.
S&P futures rest on a crucial support level of 1350.
Comments »Flash: US and European Futures Open Sharply Lower
Rail Traffic Confirms a Malaise in the Economy
“The latest monthly and weekly report from the AAR showed more signs of a sluggish economy. The latest weekly dataturned negative once again with carloads posting a -4.1% decline and intermodal posting a gain of 5.5%. The 10 week moving average in intermodal moved slightly higher to 3.1%. The AARhas details on the monthly and weekly report:
Comments »“The Association of American Railroads (AAR) today reported U.S. rail carloads originated in April 2012 totaled 1,113,105, down 64,335 carloads or 5.5 percent, compared with April 2011. Intermodal volume in April 2012 was 946,951 trailers and containers, up 32,505 units or up 3.6 percent, compared with April 2011. Detailed monthly data charts and tables will be available in the AAR’s Rail Time Indicators released online tomorrow.
Twelve of the 20 commodity categories tracked by the AAR saw carload gains in April 2012 compared with April 2011, including petroleum and petroleum products, up 11,376 carloads, or 43.1 percent; motor vehicle and parts, up 11,360 carloads, or 21.1 percent; crushed stone, gravel, and sand, up 6,617 carloads, or 9.3 percent, and steel and other primary metal products, up 3,297 carloads, or 8.1 percent.”
Labor Force Participation Rate Drops to its Lowest Level Since 1981
A sad no farm payroll number today. The statistics inside the report tell the true story.
Comments »Non Farm Payrolls: Prior 120k, Market Expects 150k, Actual 115k
Unemployment rate is 8.1%
Comments »World Markets Trade Down While U.S. Futures Remain Hopefully Unchanged
Earnings Season Disasters
Market Update
Markets are down between 0.4% and 1% . Oil is getting the homo hammer which is good for consumers.
”
1:00 pm : The major equity averages are in the red with varied losses after a lack of leadership left stocks to slide shortly after the open.
Ahead of the open market participants were given the good news that the latest weekly initial jobless claims tally of 365,000 is down from the prior week and less than what had been widely expected. A 2.0% increase in first quarter unit labor costs and a 0.5% decline in first quarter productivity received less attention.
Stocks opened the session on a relatively flat note, but a disappointing ISM Non-Manufacturing Index reading of 53.5 for April invited some selling. The effort gained participation, but stocks attempted to rebound. The effort, however, lost momentum, leaving stocks to roll over so that they remain in the red.
Energy stocks are weighing on action for the second straight session. On the heels of the sector’s 1.6% drop in the prior session, Energy is down another 1.1% today. Of course, a 2.5% drop in oil prices to $102.60 per barrel hasn’t helped the sector’s prospects.
Tech, which represents the largest sector by market weight, is also in weak shape. Its 0.8% loss is matched by the Materials sector; only Energy is in worse shape.
Even strong earnings reports have failed to help win favor for many stocks. Visa (V 117.90, -4.29) is down well in excess of 3%, despite its upside surprise. General Motors (GM 22.48, -0.45) is also under pronounced pressure, while shares of Prudential (PRU 54.79, -1.15) have fallen precipitously. In contrast, Allstate (ALL 34.50, +1.59) has climbed almost 5% following the release of its latest quarterly results. DJ30 -42.87 NASDAQ -28.00 SP500 -6.73 NASDAQ Adv/Vol/Dec 710/910 mln/1750 NYSE Adv/Vol/Dec 1080/340 mln/1815
12:30 pm : Stocks have been unable to recover from their recent retreat. That has left the major equity averages to remain in the red with varied losses.
Among the headline indices, the Nasdaq is in the worst shape as large-cap Tech issue Intel (INTC 28.58, -0.39) has a decidedly negative impact on the Index. Akamai (AKAM 33.00, -1.09) is in especially weak shape as it contends with a loss on the order of 3%. Green Mountain Coffee Roasters (GMCR 25.84, -23.68) remains the worst performer in the Nasdaq, however. DJ30 -36.93 NASDAQ -26.4 SP500 -6.39 NASDAQ Adv/Vol/Dec 670/830 mln/1785 NYSE Adv/Vol/Dec 1030/315 mln/1870
12:00 pm : A recent flurry of selling forced stocks lower, such that the S&P 500 is back at the depths it set this morning while the Nasdaq is now at a new session low. The Dow is also down, but not yet back to its worst level of the day.
Energy stocks continue to trade with weakness. The sector is down 1.0% as oilfield services stocks come under stiff pressure. Integrated players like Exxon Mobil (XOM 85.83, -0.37) and Chevron (CVX 106.18, -0.85) are also in the red by their losses are less severe.”
Comments »Today’s Heat Map and A/D Lines
Today’s 52 Week Highs and Lows
NYSE
New Highs 69 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ Ace Ltd ACE 77.42 82,019 Abbott Labs ABT 62.80 380,059 Alexander & Baldwin ALEX 53.11 10,126 Allied World AWH 77.36 26,761 Allstate ALL 34.83 1,779,218 America Movil ADS AMX 27.70 851,430 American Assets Trust AAT 24.18 17,328 Amer Intl Group AIG 35.05 818,779 American Tower REIT AMT 68.52 800,192 Amer Vanguard AVD 26.50 57,921 Anheuser Busch BUD 75.07 561,463 Beam Inc BEAM 60.00 226,065 WR Berkley WRB 38.56 51,247 BlackRock Mun Inco BBF 15.70 5,257 BlackRock NY Municipal Tr BNY 16.43 638 Brown Forman B BF/B 87.96 4,600 CF Ind Hldgs CF 203.32 223,598 Cabot Corp CBT 44.90 18,643 China Mobile CHL 57.29 172,202 Church & Dwight CHD 51.58 32,754 Cohen Steers Mjrs Fd DVM 14.74 4,197 Colgate-Palmolive CL 100.81 158,412 Copa Hldgs Cl A CPA 83.48 13,614 Core Labs CLB 142.87 54,132 DSW Cl A DSW 58.66 24,254 Diageo PLC DEO 104.48 62,399 Dillard's DDS 66.56 63,795 DTF Tax-Free DTF 17.30 3,562 Eagle Materials EXP 37.28 23,884 Education Realty Trust EDR 11.52 16,240 El Paso Corp EP 30.86 353,053 Equity One EQY 21.48 39,948 FX Alliance FX 18.53 2,259 FortuneBrandsHome&Sec FBHS 24.05 28,729 Hubbell B HUB/B 81.62 2,385 InterCont Hotels Grp IHG 24.85 112,049 Kimco Realty Dep 6 Pfd I KIMpI 25.18 22,294 Luxottica Grp LUX 37.25 5,779 MDC Holdings MDC 30.41 284,430 Masco Corp MAS 14.64 232,573 Mohawk Indus MHK 70.02 48,870 Nike Inc NKE 114.81 284,041 Nordstrom Inc JWN 57.47 205,251 Northstar Realty Finance NRF 5.95 342,218 PPG Industries PPG 107.71 71,592 PA REIT 8.25% Pfd PEIpA 25.43 8,978 PennyMac Mortgage Inv Tr PMT 20.67 58,841 Pionr Muni HI Tr MHI 15.58 2,886 Public Storage PSA 146.49 24,051 Putnam Muni Opportunities PMO 12.84 5,846 Quanta Svcs PWR 24.06 628,812 Regency Ctrs Pfd REGpF 26.22 7,439 RenaissanceRe Hldgs RNR 80.53 67,067 Roadrunner Trans Sys RRTS 19.06 27,888 SL Green Realty 7.625% C SLGpC 25.85 1,800 Sally Beauty Hldgs SBH 27.60 145,974 Scripps Netwrks Inter A SNI 54.90 545,388 Sherwin-Williams SHW 122.20 27,898 Sunstone Hotel Investors SHO 11.14 207,203 TAL Intl Grp TAL 41.69 11,399 TJX Cos TJX 42.72 471,056 Targa Resources Partners NGLS 44.70 12,021 Teradata Cp TDC 78.76 549,983 Textainer Group Hldg TGH 35.79 9,041 TransDigm Group TDG 128.39 14,788 Travelers Cos TRV 65.00 144,112 Unilever PLC UL 34.77 83,557 Valeant Pharm Intl VRX 59.94 962,331 Weingarten Realty Inv WRI 27.18 31,846 New Lows 16 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ Accretive Health AH 8.38 130,737 Arch Coal ACI 8.30 1,225,669 Ares Commercial Real Est ACRE 17.60 56,734 Barrick Gold ABX 38.42 1,123,316 Berkshire Hathaway A BRK/A 1.00 105 Checkpoint Sys CKP 8.55 190,340 Clear Chnnl Outdoor CCO 7.28 4,760 DelhaizeGrp DEG 42.26 26,960 Goldcorp GG 37.30 565,712 Jaguar Mining JAG 2.40 477,847 KT Crp ADS KT 12.69 72,134 Mechel Pfd MTLp 3.16 36,668 Panasonic Cp PC 7.37 14,610 Phillips 66 PSX 31.36 558,651 Standard Register SR 0.75 24,151 USEC Inc USU 0.80 102,429
NASDAQ
New Highs 52 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ Acorn Energy ACFN 13.20 64,789 America Movil ADS A AMOV 27.56 9,800 American Capital Agency AGNC 31.74 978,715 AmeriServ Fincl ASRV 3.09 1,200 Arch Capital Grp ACGL 39.54 24,260 BBC Capital Trust II 8.5% BBXT 33.00 200 Biogen Idec BIIB 135.84 86,489 BofI Hldg BOFI 18.49 5,550 C&F Fincl CFFI 32.00 500 Cardtronics Inc CATM 30.00 35,569 Chicopee Bancorp CBNK 14.96 1,815 Cimatron CIMT 4.65 12,250 Concur Techs CNQR 64.42 148,754 DXP Enterprises DXPE 49.50 38,448 First Merchants FRME 12.73 1,315 FirstBank (Michigan) FBMI 10.78 4,499 Grifols ADS GRFS 9.73 390,547 Hain Celestial Group HAIN 49.38 41,340 Hibbett Sports HIBB 61.67 42,079 Homeownrs Choice HCII 14.94 11,844 InfoSonics IFON 1.36 421,118 Intest INTT 3.97 11,821 Inventure Foods SNAK 6.03 67,451 Kensey Nash KNSY 38.49 479,457 Key Tronic KTCC 13.16 16,867 LKQ LKQX 34.55 69,166 Lincoln Electric Hldgs LECO 50.33 20,037 Liquidity Services LQDT 60.99 251,609 MHI Hospitality MDH 3.80 1,500 Market Leader LEDR 4.10 20,000 MidWestOne Fincl Group MOFG 21.28 775 Multimedia Games Holding MGAM 14.20 230,727 PLX Tech PLXT 6.71 53,640 Papa John's Intl PZZA 47.98 65,408 Penford PENX 8.97 5,526 Peoples Federal Bcshs PEOP 16.55 300 PwrShs S&P SmCp Cons PSCC 34.80 100 PriceSmart PSMT 83.95 33,324 Retail Opp Investment ROIC 12.47 26,185 Ross Stores ROST 64.00 184,338 Rurban Fincl RBNF 5.67 4,200 Security Natl Finl Cl A SNFCA 1.85 1,300 Spirit Airlines SAVE 24.75 64,193 State Investors Bancorp SIBC 12.29 400 Synacor SYNC 10.97 485,421 TCP Capital TCPC 14.75 2,800 Taylor Capital Group TAYC 15.15 6,807 Tetra Tech TTEK 28.00 84,335 tw telecom TWTC 23.79 310,198 21st Century Hldg TCHC 5.00 800 Washington Federal WAFD 17.94 20,448 Whole Foods Market WFM 90.00 1,388,376 New Lows 19 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ Alaska Comm Sys Grp ALSK 2.26 83,307 AudioCodes AUDC 2.27 5,500 CEVA CEVA 16.47 117,529 China Auto Logistics Inc CALI 0.66 13,400 CommTouch Software CTCH 2.61 1,431 Ctripcom Intl CTRP 20.13 236,871 ExlService Hldgs EXLS 20.28 202,972 Green Mountain Coffee GMCR 29.14 8,339,552 Groupon Inc GRPN 10.45 89,196 Hoku HOKU 0.35 54,980 KIT digital Inc KITD 4.53 2,351,348 Leap Wireless Intl LEAP 5.07 166,154 Mitek Systems MITK 3.00 1,555,707 Nash Finch Co NAFC 24.45 4,405 Novatel Wireless NVTL 2.47 74,715 Pan American Silver PAAS 17.77 343,799 Utd Online UNTD 3.96 643,790 Vision-Sciences VSCI 1.51 6,070 WebMD Health WBMD 22.08 22,018Comments »
Most Active Options Trades
-CALLS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE SPY 6/16/12 146.0000 3687 0.5700 dn 0.0100 GLD 5/19/12 162.0000 3221 0.7000 dn 0.5100 SPY 5/4/12 140.0000 1799 0.6800 dn 0.1700 CHK 1/19/13 45.0000 1680 0.1000 up 0.0100 OCZ 9/22/12 7.0000 1470 0.4500 dn 0.0500 SPY 5/4/12 142.0000 1360 0.0500 dn 0.0700 GMCR 5/4/12 30.0000 1277 0.9700 dn 17.9300 VOD 10/20/12 30.0000 1064 0.2500 up 0.0000 AAPL 5/4/12 590.0000 1044 3.4500 up 0.2500 ONNN 1/19/13 9.0000 962 0.9500 up 0.1500 -PUTS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE SPY 5/4/12 140.0000 6864 0.5000 dn 0.0500 CHK 1/18/14 10.0000 3482 1.8200 up 0.0200 SPY 5/4/12 139.0000 2973 0.2300 dn 0.0500 SPY 5/19/12 136.0000 2335 0.5200 dn 0.0300 JCP 5/4/12 34.0000 2233 0.3500 up 0.0000 SPY 6/16/12 136.0000 2030 1.7700 up 0.0300 HLF 8/18/12 50.0000 2000 7.1500 up 2.1500 SPY 5/4/12 137.0000 1985 0.0700 up 0.0000 SPY 5/4/12 141.0000 1964 0.9500 dn 0.1100 STX 6/16/12 23.0000 1804 0.1500 up 0.0100 -VOLUME- CALLS PUTS TOTAL 218952 222826 441778
-CALLS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE GMCR 5/4/12 30.0000 260 1.0000 dn 18.4500 GLD 5/19/12 162.0000 245 0.7100 dn 0.4900 GLD 5/4/12 160.0000 123 0.4100 dn 0.6800 X 5/19/12 30.0000 92 0.4600 up 0.1000 ACI 7/21/12 12.0000 76 0.1300 up 0.0100 GMCR 5/19/12 33.0000 70 0.8900 dn 15.6600 AAPL 5/4/12 600.0000 70 0.7400 up 0.0000 QCOM 5/19/12 65.0000 67 0.7300 up 0.1200 JDSU 6/16/12 15.0000 63 0.0600 dn 0.1100 CHK 5/4/12 20.0000 60 0.0100 dn 0.0100 -PUTS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE GMCR 5/4/12 30.0000 202 1.2400 up 1.1700 PRU 5/19/12 57.5000 150 2.7000 up 2.2300 JCP 5/19/12 34.0000 108 1.5100 up 0.5300 GLD 5/19/12 159.0000 103 1.8500 up 0.7000 GLD 5/4/12 157.0000 100 0.2400 up 0.1500 AAPL 5/4/12 580.0000 98 1.5900 dn 1.2100 GLD 5/4/12 159.0000 80 0.8400 up 0.5900 QCOM 6/16/12 65.0000 76 2.0000 dn 0.2800 AAPL 5/4/12 590.0000 72 4.9300 dn 2.4200 ACI 1/19/13 8.0000 69 1.3200 up 0.1000 -VOLUME- CALLS PUTS TOTAL 9201 10621 19822Comments »
ISM Non Manufacturing: Prior 56, Market Expects 55.5, Actual 53.5
Retailers Saw Less Foot Traffic Last Month: $M, $TGT, $COST, $JWN, $LTD, $ZUMZ
“After a warm winter sent Americans into stores, retailers saw sales drop last month, as high gas prices and new worries about the economy weighed on consumers.
Retailers had expected fewer shoppers in April. Analysts were expecting only a 1.5% gain at stores open at least 12 months. That’s considerably below the surge seen a month earlier, when retailers experienced an average 4.5% increase in sales.
Gas prices remained elevated last month, eating away disposable income. And worries surfaced over the recovery after lackluster job growth in March and consistently higher jobless claims that suggest April also experienced weak job gains. These fears weighed heavily on consumers, prompting restrained spending.”
Comments »Gapping Up and Down This Morning
Gapping up
APKT +11.3%, ARTC +6.2%, INTT +5%, RIG +4.9%, Z +4.7%, GLUU +4.1%, ISIG +4%, CNQR +3.9%,
SNN +3.6%, WFM +2.7%, ALL +2.4%, HTZ +2.3%, TSO +2.1%, AGNC +2%, STD +1.5%, V +1.5%,
Gapping down
MITK -41.2%, GMCR -39%, VCLK -14.4%, WTW -14%, DEG -13.2%, CENT -8.6%, SKUL -8.1%,
UNTD -7.9%, HNSN -6.7%, AXTI -5.9%, NVTL -5.7%, PRU -5.6%, JDSU -5.3%, NMM -5%, PPO -3.1%,
EXXI -3%, HT -2.3%, HOTT -1.9%, THO -1.8%, CXS -1.5%, RIO -1.4%,
Comments »Initial Claims: Prior 392k, Market Expects 375k, Actual 365k
Asia Trades Down, Europe Higher, and U.S. Futures Reach for Upside
Movers Under $10
Top Ranked Stocks
Here are some of the top ranked stocks in The PPT, click here for charts.
Comments »
