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Post by huh on Apr 22, 2014 6:54:00 GMT -5
10 Things You Need To Know Before The Opening Bell Good morning! Here's what you need to know. Novartis deals. Swiss drug giant Novartis has essentially swapped its vaccine business, worth $7.1 billion plus royalties, for the rights to GSK's oncology products, for which it paid $14.5 billion. Reuters says Novartis is trying to simplify its business. Allergan and Ackman. The Wall Street Journal reported Bill Ackman's Pershing Square and drug developer Valeant have made a bid for the maker of Botox, Allergan. Allergan said they have yet to receive a offer and has had no discussions with either Valeant or Pershing Square. Airbnb NYC purge. Airbnb removed thousands of New York listings after state attorney general Eric Schneiderman filed an affidavit suggesting many may be violating tenancy laws. Netflix earnings. Netflix shares were up 7% after-hours after posting solid earnings and subscriber numbers. The firm announced price increases for new subscribers, though this won't kick in immediately. "This is a pretty smart idea since it encourages current customers to stay on Netflix, while also grabbing more money from new customers," BI's Jay Yarow wrote. "It also nudges people to sign up for Netflix now before it's too late." Platinum miner negotiations. Platinum producers in South Africa will meet with the leaders of the Association of Mineworkers and Construction Union in an effort to end a 13-week long labor strike. Platinum is a key material used in catalytic converters. China IPO pipeline. China posted draft IPO prospectuses for 18 firms Monday, bringing the total number of potential issuers up to 46. State media estimating they could raise as much as 22.6 billion yuan ($3.6 billion) from investors. Housing data. Two key datapoints today for housing. First up at 9 a.m. is the FHFA home price index, which is expected to have slowed to 0.3% from 0.5%. Then at 10 a.m. we get existing home sales, also expected to have slowed to a seasonal annually adjusted rate of 4.56 million from 4.6 million. Richmond Fed. Also at 10 a.m. we get Richmond Fed data for April. Analysts expect a reading of zero compared with -7 in March. Earnings. McDonald's and Yum! brands both announce today. We also get Amgen, AT&T, BNY Mellon, and Lockheed Martin. Markets. Stocks were drifting higher in Europe and the U.S., led by Germany's Deutsche Boerse at 1.3%. The Nikkei fell 0.85%. Coffee futures are now up 86% on the year as droughts in Brazil drag on. Read more: www.businessinsider.com/opening-bell-april-22-2014-2014-4#ixzz2zcDHRJen |
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Post by huh on Apr 22, 2014 6:54:39 GMT -5
10 Things In Tech You Need To Know This Morning Netflix reported earnings, which were good, last night, but the real story is that it's planning a price hike. It will make streaming subscriptions cost $1-$2 more per month for new customers. For existing customers, there will not be a price hike. Comcast put out a blistering statement that bashed Netflix. In its earnings, Netflix came out and said it was against the Comcast-Time Warner Cable merger. Netflix and Comcast have an odd relationship. After an internal investigation into harassment accusations, GitHub cleared its co-founder Tom Preston-Werner of any wrong doing, but Preston-Werner is still leaving the company. Apple released a new video about how it's trying to take care of the environment, but the video is about more than the environment. It's narrated by CEO Tim Cook, and it feels like a defining statement for his vision for the company. Leonardo DiCaprio is now being floated as the potential lead actor for the Steve Jobs movie. Felix Salmon is leaving Reuters for a new unknown job. Speaking of Salmon, he wrote an excellent post on why founding a startup fresh out of school is a pretty terrible idea. At a time when you can be young and carefree, you're chaining yourself to a hard job with the hope of becoming a billionaire. Apple is currently interviewing people to fill two big mobile payment roles at the company — head of product, and head of business development. This is exciting because it suggests Apple really wants to do mobile payments, but also a bit of a let down since it suggests it's not ready with a product and won't be for a while. Fred Wilson announced that USV invested in CrowdRise, a crowdfunding site for charities that was co-founded by Edward Norton. Here's a roundup of everything Apple is planning for iOS 8, the next major software update. Read more: www.businessinsider.com/10-things-in-tech-you-need-to-know-this-morning-april-22-2014-4#ixzz2zcDPwU2C |
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Post by huh on Apr 22, 2014 6:55:19 GMT -5
Frontrunning: April 22 Tyler Durden's pictureSubmitted by Tyler Durden on 04/22/2014 07:47 -0400 Ukraine Accord Nears Collapse as Biden Meets Kiev Leaders (BBG) Novartis reshapes business via deals with GSK and Lilly (Reuters) Moscow Bankers See Fees Slide 67% as Ukraine Crisis Grows (BBG) Why ECB's QE will be Ukraine's fault: Draghi Gauges Ukraine Effect as ECB Tackles Low Inflation (BBG) As Phone Subsidies Fade, Apple Could Be Hurt (WSJ) Amazon Sales Take a Hit in States With Online Tax (BBG) Ford Speeds Up Succession Plan: Mark Fields, Auto Maker's No. 2, Seen Replacing Alan Mulally as CEO Ahead of Schedule (WSJ) U.S. force in Afghanistan may be cut to less than 10,000 troops (Reuters) IBM End to Buyback Splurge Pressures CEO to Boost Revenue (BBG) Netflix Calls Out AT&T for Subpar Streaming Performance (BBG) GPIF Shakes Up Committee With Three Abe Panel Members (BBG) First sign of South Korea ferry disaster was call from a frightened boy (Reuters) www.zerohedge.com/news/2014-04-22/frontrunning-april-22 |
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Post by huh on Apr 22, 2014 8:18:55 GMT -5
From ST: RyanDetrick As of last night, Tuesday is the only day of the week that is positive so far in '14. $SPX $SPY stks.co/c0SjUFrom ST: RyanDetrick Tuesday been down only twice in '14. Also if take out Tuesday, $SPX is down -6.82% YTD. $SPY stks.co/g0We2I personally think the market will be Tuesday-challenged today. |
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Post by huh on Apr 22, 2014 8:42:51 GMT -5
Added UVXY @ 56.20. Average 57.93.
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Post by walnut on Apr 22, 2014 9:28:26 GMT -5
Markets on fire again? We're all going to be rich!!!
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Post by Herceg on Apr 22, 2014 9:38:41 GMT -5
Markets on fire again? We're all going to be rich!!! We do have all the Fed play money to keep it burning.............at least for awhile...... JMO and BOL............ |
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Post by jacksrbtr on Apr 22, 2014 9:46:41 GMT -5
Markets on fire again? We're all going to be rich!!! And 26M volume on the SPY just over an hour into trading is not exactly insignificant. |
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Post by jacksrbtr on Apr 22, 2014 9:49:58 GMT -5
Insties letting peeps' $dough from tax refunds buy the Market - then they will fleece it be my guess in a couple weeks for the next leg down.
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Post by huh on Apr 22, 2014 10:30:07 GMT -5
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Post by maxi on Apr 22, 2014 12:15:56 GMT -5
WHEEEEE!
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Post by huh on Apr 22, 2014 12:17:38 GMT -5
Seems to be a crazy, unrelenting bid under GS today.
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Post by maxi on Apr 22, 2014 12:27:41 GMT -5
This is probably the phase where the vix falls to around 10 and everybody is very happy. THEN SPX will dump again. This last pullback is the set up for ( like someone already said) the tax returns to get into the market. But that will not be the beginning of the BEAR. It will only be a set up for a year end positive finish. NEXT year tho OY VEY!
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Post by crumbdon on Apr 22, 2014 12:31:25 GMT -5
Gotta hand it to the bulls- I didn't think they had it in them. This could get very squeezy. Started a little short yesterday and promptly got stopped out today for a loss. I was on a 7-day winning streak. Stoopid market!!!!  (certainly not stoopid trader, right?  ) |
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Post by crumbdon on Apr 22, 2014 13:02:54 GMT -5
Most everything I'm looking at is over the short-term targets I expected to see- especially the banks, which have lagged significantly as of late.
Looks like a new top is in sight very soon, except we have had a lot of strong green days in a row.
Hmmmm... this could get tough to play.
Still don't understand the upside here. The FED's candy pot is running out, most earnings ( on already-reduced expectations) are really sucky, and May is close.
Must be getting ready to rain money from the sky.
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Post by maxi on Apr 22, 2014 13:39:44 GMT -5
Most everything I'm looking at is over the short-term targets I expected to see- especially the banks, which have lagged significantly as of late. Looks like a new top is in sight very soon, except we have had a lot of strong green days in a row. Hmmmm... this could get tough to play. Still don't understand the upside here. The FED's candy pot is running out, most earnings ( on already-reduced expectations) are really sucky, and May is close. Must be getting ready to rain money from the sky. The upside is tech and biotech that just got crushed and now everyone is chasing that sold out at the bottom. One of the reasons biotech sold off was some gov't interference of about drug pricing. That issue got put on a semi permanent hold as of yesterday I think. So the first part of the IBB rise was an oversold bounce and the second part was the hold and now the chasing. Where it goes from here well I will make up a reason later! |
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Post by novie08 on Apr 22, 2014 14:32:54 GMT -5
This is probably the phase where the vix falls to around 10 and everybody is very happy. THEN SPX will dump again. This last pullback is the set up for ( like someone already said) the tax returns to get into the market. But that will not be the beginning of the BEAR. It will only be a set up for a year end positive finish. NEXT year tho OY VEY! See Maxi? We agree. Only the reason is different. I am saying capital is fleeing China, EMs (except Argentina hopefully, lol) and Europe to the U.S. as safe haven. Until 2015, that is. Then, as you say OY YEY! And exactly when to go short is the question along with will the PMs go in the opposite direction b/c the dollar will be strengthening. Hmmm. Lots to contemplate over the next 7-8 mos. |
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Post by jacksrbtr on Apr 22, 2014 14:51:43 GMT -5
SPY volume ending pretty anemic at 81 Million wtf do ya spell anemic?
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Post by jacksrbtr on Apr 22, 2014 14:57:09 GMT -5
Average SPY vol is 126M. CLEARLY the insties are not part of this run up.
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Post by huh on Apr 22, 2014 15:31:18 GMT -5
So I'm sifting through charts after the close and I see a really nice bullish set-up for SKX.
I think "when's their earnings release?". I check the earnings date, it's today! Shi'ite!
So I hurriedly check to see if they've reported yet. Up more than 13% already. Shi'ite!
Too late to chase now. Looking like a 4 year double-top.
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