Today’s biggest losers with market caps over $5billion

No. Ticker % Change Market Cap
1 BBVA -5.68 51,060,000,000
2 STD -5.45 100,460,000,000
3 CBG -5.40 7,690,000,000
4 AWC -5.36 5,800,000,000
5 NXPI -5.36 6,360,000,000
6 NBG -5.34 6,250,000,000
7 SINA -5.23 5,770,000,000
8 LNC -5.23 8,630,000,000
9 TI -5.16 26,520,000,000
10 ANR -5.14 5,530,000,000
11 NMR -5.05 17,820,000,000
12 CTXS -5.05 15,330,000,000
13 MET -4.97 43,630,000,000
14 NOK -4.95 23,220,000,000
15 CRH -4.84 15,090,000,000
16 HIG -4.80 11,140,000,000
17 BIDU -4.77 43,540,000,000
18 LPL -4.75 10,390,000,000
19 STO -4.65 79,450,000,000
20 TEF -4.63 107,400,000,000
21 VE -4.62 14,070,000,000
22 STM -4.61 9,180,000,000
23 MOS -4.59 30,070,000,000
24 RVBD -4.52 5,270,000,000
25 PHG -4.46 24,630,000,000

Finisar sees Q1 ~$0.17-0.21 vs $0.39 Capital IQ Consensus Estimate; sees revs $215-230 mln vs $255.3

No. Ticker % Change
1 TVIX 16.75
2 CVOL 14.01
3 DPK 9.80
4 VXX 8.75
5 VIXY 8.73
6 VIIX 8.71
7 BXDC 8.45
8 EPV 7.42
9 SCO 7.27
10 SIJ 7.06
11 TVIZ 7.03
12 DTO 7.01
13 EFU 6.71
14 ERY 6.51
15 EDZ 6.30
16 FAZ 5.94
17 SOXS 5.84
18 SRTY 5.64
19 TYP 5.41
20 TZA 5.34
21 SPXU 5.33
22 TMF 5.31
23 BGZ 5.18
24 INDZ 5.04
25 DRV 4.84
————————

No. Ticker % Change
1 DZK -9.91
2 XIV -8.61
3 UCO -7.60
4 RUSL -7.11
5 ERX -6.37
6 EDC -6.34
7 FAS -6.05
8 DYY -6.03
9 SOXL -5.77
10 TMV -5.73
11 TQQQ -5.50
12 TYH -5.32
13 UPRO -5.27
14 TNA -5.15
15 BGU -5.09
16 MWJ -5.05
17 DRN -4.98
18 EWI -4.88
19 EWD -4.88
20 CU -4.86
21 BNO -4.79
22 EWP -4.78
23 INDL -4.77
24 KHI -4.61
25 VNM -4.47

No. Ticker % Change
1 NGSX 66.05
2 LIVE 54.55
3 SCEI 30.23
4 NYNY 22.03
5 LEXG.OB 18.44
6 ABCW 16.67
7 XPO 15.42
8 DST 12.77
9 HOLI 11.15
10 SMRT 10.47
11 HEV 10.16
12 LLEN 9.50
13 CUR 9.09
14 CMED 9.03
15 SYUT 8.45
16 SPMD 8.00
17 GPL 7.95
18 IDN 7.55
19 LOCM 7.19
20 CMFO 7.09
21 APRI 7.08
22 SVA 6.98
23 HPOL 6.94
24 IDIX 6.77
25 TZYM 6.74
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No. Ticker % Change
1 KAD -22.00
2 EFOI -20.00
3 TRGL -19.96
4 RCON -19.67
5 COIN -18.15
6 CPST -18.02
7 SRDX -17.29
8 AERG -16.00
9 BIOD -15.54
10 SPWRA -14.71
11 VALV -14.61
12 MCZ -13.89
13 OI -13.41
14 BSPM -13.33
15 CCSC -13.00
16 CPF -12.24
17 OB -11.12
18 CCRT -10.81
19 BORN -9.90
20 RENN -9.79
21 SFUN -9.63
22 HSOL -9.45
23 ALTI -9.43
24 SPRD -9.29
25 CNET -8.99

Futs are down 13. The dollar is up 1% and Greek protesters are throwing sticks at police.

Concerns over Greek exposure.

Full article

Outlook cut on the theory of propert slowdown.

Full article

* Cushing crude to move via barge to US Gulf Coast

* Petro Source hopes to ship 150,000 bbls/month (Rewrites, adds details)

By Janet McGurty

NEW YORK, June 14 (Reuters) – The glut of crude trapped in the middle of the United States is set to ease by just a little bit in the coming weeks as several big barge operators make headway in shipping landlocked oil to the Gulf Coast.

After nearly six months of an unprecedented gap between cheap Canadian and U.S. mid-continent crude versus coastal rivals, several new efforts to break the logistical bottleneck that prevents that crude from being shipped south by pipeline are coming to fruition, operators say.

Privately held Petro Source LLC is set within weeks to begin shipping about 150,000 barrels a month — or about 5,000 bpd — from the Port of Catoosa in Oklahoma down to the Saint James, Louisiana, area.

And Kirby Corp (KEX.N), the nation’s largest inland tank barge operator, said it had begun moving crude by barge from the U.S. Midwest region to the Gulf Coast for the first time. [ID:nWEN4321]

FULL ARTICLE



Goldman Sachs took a stab at solving an oil market mystery.

For months, the discount of West Texas Intermediate crude at Cushing, the U.S. benchmark, to North Sea Brent, has been lingering around $15 a barrel. In recent days, it has suddenly taken another gap wider to a record of $21.80 a barrel on Monday. (It narrowed a bit on Tuesday to $20.57.)

But for once, the huge gap may not be the Cushing, where the tanks are have been brimming with oil for months, depressing WTI prices and keeping the spread wide.

Inventories at Cushing have actually been falling a bit lately, which should mean WTI prices are moving up against Brent, narrowing that spread.

The culprit, Goldman analysts, say is further south – in Louisiana, where light sweet crude oil prices are trading weirdly in relation to their Brent counterparts.

FULL ARTICLE

No. Ticker % Change
1 CZM 7.01
2 TNA 6.88
3 SOXL 5.67
4 ERX 5.61
5 MWJ 5.17
6 DZK 5.05
7 BDD 4.81
8 DRN 4.58
9 EDC 4.58
10 TMV 4.48
11 UVT 4.46
12 SAA 4.44
13 DHF 4.42
14 UYM 4.40
15 UWM 4.22
16 UPRO 4.17
17 PHK 4.16
18 UCO 4.08
19 JJT 4.06
20 EGPT 4.05
21 AGQ 3.97
22 BGU 3.93
23 TYH 3.92
24 DIG 3.89
25 UKK 3.86

No. Ticker % Change Industry
1 BORN 27.30 Chinese Burritos
2 DANG 19.93 Chinese Burritos
3 NQ 16.92 Chinese Burritos
4 CVVT 16.49 Chinese Burritos
5 CIS 13.03 Chinese Burritos
6 CCSC 12.95 Chinese Burritos
7 HOLI 11.95 Chinese Burritos
8 CMED 11.77 Chinese Burritos
9 CHC 10.67 Chinese Burritos
10 TRIT 9.30 Chinese Burritos
11 SPU 9.28 Chinese Burritos
12 ALN 8.82 Chinese Burritos
13 HOGS 8.68 Chinese Burritos
14 YOKU 8.29 Chinese Burritos
15 CYD 8.23 Chinese Burritos
16 CCIH 7.50 Chinese Burritos
17 SIHI 7.27 Chinese Burritos
18 JOBS 7.26 Chinese Burritos
19 SORL 7.06 Chinese Burritos
20 WH 7.00 Chinese Burritos
21 SINA 6.93 Chinese Burritos
22 CNET 6.55 Chinese Burritos
23 CHINA 6.50 Chinese Burritos
24 SOHU 6.38 Chinese Burritos
25 SUTR 6.36 Chinese Burritos

Full article

CPI comes in at 5.5% vs 5.4%

On that news, markets are climbing and S&P Futures are up 7.

Where is Congress?

No. Ticker YTD Return Industry
1 SCEI -80.79 Chinese Burritos
2 SBAY -78.42 Chinese Burritos
3 HEAT -76.33 Chinese Burritos
4 CBEH -74.90 Chinese Burritos
5 CHBT -73.74 Chinese Burritos
6 CVVT -72.33 Chinese Burritos
7 GFRE -71.47 Chinese Burritos
8 DGW -69.62 Chinese Burritos
9 CSKI -69.01 Chinese Burritos
10 SHZ -67.50 Chinese Burritos
11 OINK -67.36 Chinese Burritos
12 KNDI -66.41 Chinese Burritos
13 CHGS -66.21 Chinese Burritos
14 CCIH -66.01 Chinese Burritos
15 CNIT -63.92 Chinese Burritos
16 FEED -63.27 Chinese Burritos
17 CNAM -62.89 Chinese Burritos
18 BORN -62.88 Chinese Burritos
19 CNET -62.25 Chinese Burritos
20 KGJI -62.01 Chinese Burritos
21 MCOX -61.54 Chinese Burritos
22 XNY -61.46 Chinese Burritos
23 CHC -60.62 Chinese Burritos
24 SCOK -60.40 Chinese Burritos
25 DANG -60.10 Chinese Burritos
26 NEWN -60.03 Chinese Burritos
27 DHRM -59.60 Chinese Burritos
28 PUDA -57.89 Chinese Burritos
29 CIIC -57.83 Chinese Burritos
30 SIHI -57.09 Chinese Burritos
31 BSPM -56.74 Chinese Burritos
32 SEED -55.96 Chinese Burritos
33 CCSC -55.00 Chinese Burritos
34 HSFT -54.67 Chinese Burritos
35 GU -54.59 Chinese Burritos
36 AOB -53.33 Chinese Burritos
37 MY -53.22 Chinese Burritos
38 AMCN -52.98 Chinese Burritos
39 CGA -52.22 Chinese Burritos
40 SORL -51.70 Chinese Burritos
41 CHLN -50.36 Chinese Burritos
42 SUTR -49.54 Chinese Burritos
43 SPU -49.25 Chinese Burritos
44 CMFO -49.07 Chinese Burritos
45 CCCL -48.91 Chinese Burritos
46 XING -48.76 Chinese Burritos
47 CAAS -48.68 Chinese Burritos
48 CHNG -48.28 Chinese Burritos
49 LFT -47.68 Chinese Burritos
50 OSN -47.26 Chinese Burritos

No. Ticker 2-week Return Market Cap
1 SOXS 25.68 12,628,071
2 SRTY 22.38 26,859,269
3 TZA 22.19 566,495,110
4 CZI 20.50
5 DUST 20.21
6 CVOL 19.41 0.00
7 BXDC 19.36 0.00
8 MWN 18.51 13,143,779
9 TYP 17.26 55,187,309
10 ERY 16.38 32,635,171
11 DRV 16.20 112,467,012
12 ZSL 15.28 61,055,280
13 SKK 15.17 12,481,165
14 SSG 15.12 23,833,725
15 TWM 14.64 509,350,415
16 BGZ 14.03 313,326,207
17 FAZ 13.95 1,209,974,941
18 SMN 13.93 142,969,691
19 SDD 13.30 19,411,490
20 SPXU 13.27 242,799,747
21 TVIX 13.24 0.00
22 LHB 13.19 6,136,541
23 MZZ 12.74 38,448,784
24 SDK 12.67 6,763,420
25 SJH 12.64 8,013,066

—————————

No. Ticker 2-week Return Market Cap
1 SOXL -22.43 29,942,027
2 TNA -19.84 404,028,599
3 CZM -19.47 27,276,532
4 NUGT -17.92
5 URA -17.74 0.00
6 AGQ -17.14 176,030,000
7 MWJ -17.05 41,300,000
8 DRN -16.02 175,266,000
9 TYH -15.86 179,104,000
10 ERX -15.45 295,104,492
11 UKK -14.73 19,331,581
12 TQQQ -14.41 74,196,500
13 USD -14.08 70,620,424
14 FAS -13.86 1,752,132,790
15 UWM -13.63 255,822,211
16 BGU -13.57 214,903,020
17 PSLV -13.21 0.00
18 UYM -13.13 299,193,750
19 CII -13.01 628,740,000
20 UPRO -12.93 183,900,269
21 SAA -12.92 52,356,158
22 LBJ -12.49 29,865,027
23 PHK -12.08 1,500,000,000
24 UVT -12.01 19,809,547
25 MVV -11.97 115,386,278

The spread between WTI and Brent soared today, now more than $21.97.

Source: iBC

Where is the SEC?

No. Ticker % Change Industry
1 SCEI -23.03 Chinese Burritos
2 DANG -18.80 Chinese Burritos
3 RENN -14.55 Chinese Burritos
4 YOKU -14.28 Chinese Burritos
5 BORN -13.65 Chinese Burritos
6 NQ -13.36 Chinese Burritos
7 CHC -10.74 Chinese Burritos
8 SHZ -9.90 Chinese Burritos
9 CYD -9.31 Chinese Burritos
10 JOBS -9.30 Chinese Burritos
11 VISN -8.80 Chinese Burritos
12 SCR -8.58 Chinese Burritos
13 KGJI -8.28 Chinese Burritos
14 TRIT -6.79 Chinese Burritos
15 CBPO -6.70 Chinese Burritos
16 ALN -6.67 Chinese Burritos
17 SSRX -6.45 Chinese Burritos
18 PWRD -5.59 Chinese Burritos
19 GRO -5.26 Chinese Burritos
20 OINK -4.67 Chinese Burritos

321 spreads are in historic territory now, up almost 6% to $30.31.

The final score was 105-95. Congrats to Marc Cuban for financing the big win.

Saudi Arabia signaled it’s ready to deliver on a pledge to boost the supply of oil after the collapse of OPEC talks two days ago.

The world’s largest oil exporter will increase production, though it’s too early to say by how much, a Saudi industry official with knowledge of the matter who declined to be identified said today. Al-Hayat, citing senior officials, reported earlier that the kingdom will boost output to 10 million barrels a day in July from the current 8.8 million. Oil fell as much as 3.3 percent, the most in three weeks.

Saudi Arabia “wants everyone to understand that they’re serious,” Olivier Jakob, an analyst at Petromatrix GmbH in Zug, Switzerland, said today by phone. “It’s important that the Saudis are signaling that they’re offering additional barrels.”

FULL ARTICLE