Morning @ Cantor
Morning
@ Cantor 8/10
Today’s
Stories From Cantor Fitzgerald
Sal
Catrini (908) 517-5067
PLEASE
NOTE: Sal Catrini is out today.
Any
questions or Comments please call Brian Young 212-610-3629
CONTENTS: All
Headings Are Functioning Links
Sector News: Energy, Industrials, Transports, TMT, Materials, Autos, Fins, Real Estate, Consumer, Gaming/Lodging, HC, Europe Trading Wrap, Asia Trading Wrap
Investment Banking Wrap: M&A, Money Raising
o US Stock Futures
o
S&P Futures down 6.7 points
§
All eyes are on the FOMC decision at 2:15
today. The market could see sharp movement either way after the decision.
o
USD up .443 in the session
§
USD: The USD opened the
European session on a firmer footing ahead f the FOMC rate decision later
today. The greenback was benefiting from a possible scenario that the Fed would
not revive unconventional easing measures at this time.
o
Bets Against the Dollar Pick Up Speed- WSJ
§
Investors
have ramped up their bets against the dollar at a pace not seen in two years as
the U.S. currency loses its appeal as a safe harbor.
o
Since
2008, Fed Days Historically Good For Stocks- CNBC link
o
Commodities
o
Gold down 4.5 to 1198.1, Copper is down 2.16%, Crude down 1.07 to 80.41
§
Steel: EU Steel Sector
view upgraded to 'more positive' from neutral at UBS
§
Crop Report Weekly USDA crop
report says 71% of corn in good or excellent condition; compares to 72% last
week and 68% in prior year.
§
Copper: Demand May Exceed
Supply Next Year, Kamoo Says- BBG
§
Crude: Crude Declines on Signs of Slowing Fuel Demand in U.S.,
China- BBG
o Overseas Action
o
Europe markets: FTSE
100: (0.41%); DAX: (0.79%); CAC 40: (0.85%)
§ The lower than expected rise in China's July imports and cautious
comments out of Singapore help put some risk aversion sentiment back on the
front burner ahead of the FOMC rate decision. European equities were on the
defensive on concerns over the global growth outlook- TTN
o
Asian Markets: Nikkei (0.22%);
Hang Seng (1.50%); Shanghai Composite
§ Asian equity markets are slumping across the board, shrugging the modest
strength in US trading session and strong China trade data. Instead, risk is
coming off the table because of the uncertainly in tomorrow's FOMC decision.
Likewise, USD-short bets are pared across the board as consensus grows for a
more downbeat economic assessment and no announcement on new policy easing
steps- TTN
o
Data:
§ CHINA JULY TRADE BALANCE: $28.7B V $19.6BE (highest since Jan 2009)
o
BOJ rate decision was a
non-event, disappointing expectations looking for more action on deflation or
mention of currency strength- TTN
§ Cabinet office report also kept assessment unchanged, but notably cut its
outlook on Japan's industrial output and China's expansion.
§ BOJ Gov Shirakawa noted that the
BOJ did spend a lot of time discussing FX issues at its policy meeting
o
Japan: Kan turns salesman to secure Japan business- FT link
§ Mr Kan and his ruling Democratic party have pledged dramatically to
increase the role of government in promoting Japanese companies’ interests
overseas, a mission the premier has described as a re-creation of “Japan Inc”.
o
JAPAN'S DEBT
EXCEEDS 904 TLN YEN, FINANCE MINISTRY SAYS
o
China’s Widening Trade Surplus Puts Wen Under Yuan
Pressure- BBG
§ China’s trade surplus reached an 18- month high as exports rose to a
record and import gains slowed, adding pressure on officials to allow faster
appreciation of the yuan and signaling a diminished contribution to global
growth.
o
China to
shut 2000 factories in energy crackdown- NYT link
§ Energy analysts described it as a significant step toward the country’s
energy-efficiency goals, but not enough by itself to achieve them.
o
ECB's Stark commented in a
press interview that there were indications that price pressures were limited
and no cause for concern that money and credit growth figures would lead to
lower inflation.
o
EU: Brussels
feels time is right to suggest EU tax- EUobserver
§ As the economic downturn sees many member states seek ways of cutting
back on public spending, the European Commission believes the time is right to
put the thorny idea of the EU raising its own taxes back on the table.
§ Several member states oppose the idea of an EU tax in principle,
believing it to resemble too much a state-like power
- Economics today:
o
ICSC-Goldman
Chain Store at 07:45 ET
o
Q2
prelim Productivity, Unit Labor Costs at 08:30 ET
o
Redbook
Chain Store at 08:55 ET
o
Jun
Wholesale Inventories at 10:00 ET
o
Aug
FOMC Rate Decision at 14:15 ET
o
API
Crude Inventories at 16:30 ET
o
ABC
Consumer Comfort at 17:00 ET
- Earnings:
o
There are no major companies due to report
before the bell
o
Companies
due to report after the close include; CFN, DIS
o Top M&A
o International Power and GDF boards approve deal-
FT link
§ The boards of International Power and GDF-Suez
gave the green light to a merger on Monday, paving the way for the creation of
one of the world’s biggest independent power generators with estimated sales of
€13.5bn ($17.9bn).
o Royal Bank of Canada Said to Seek Buyers for U.S. Insurance Arm- BBG
§ Goldman Sachs Group Inc. has been soliciting
buyers for Liberty Life Insurance Co. on behalf of Canada’s biggest bank for
several months
§ The business is likely to fetch less than $1
billion in a sale
o ICBC TO PAY HK$10.83 BILLION TO PRIVATIZE ICBC ASIA- BBG
o Cairn Energy bid talk making the rounds- DailyMail
o Deutsche Bahn Said to Win EU Approval for Takeover of Arriva- BBG
o Top $ Raising
o
GM IPO:Tough
sell for Obama administration?- reuters Link
o
Skype files
for IPO of up to $100 million- Reuters Link
o
KKR Drops
Plans for Stock Offering- WSJ link
o
PMT PennyMac Files
Mixed Securities Shelf for Up to $500 Mln
o
Pentagon to shut military command, cut jobs-
Reuters Link
o
Defense
Secretary Robert Gates said he hoped the shakeup would show Congress that the
Pentagon would spend tax dollars wisely during tough economic times and address
long-standing concerns about wasteful expenditure.
o
Warren Buffet: Shortens
Bond-Holding Duration After Inflation Warning- BBG
o
“It
may be a sign that Buffett expects interest rates to start rising, maybe sooner
than the conventional wisdom,”
o
Net Neutrality: VZ Verizon, GOOG Google propose Web traffic rules-
Reuters
o
Verizon
and Google said on Monday that regulators should be able to police Web traffic
over cable and telephone lines, but carriers should control the speed of access
to content on wireless devices
o
Seven
Strategies For Paying For College In Tough Times- CNBC link
o
Inlfation: Rogers Sees 'Much Higher' Food Prices-
CNBC
o
"That's
the straw that broke the camel's back," Rogers, who has been warning about
shortages coming in the agriculture sector for a while, said in a telephone
interview.
o
Tech: Google
Agonizes on Privacy- WSJ
o
Google
is pushing into uncharted privacy territory for the company. Until recently, it
refrained from aggressively cashing in on its own data about Internet users,
fearing a backlash. But the rapid emergence of scrappy rivals who track
people's online activities and sell that data, along with Facebook Inc.'s
growth, is forcing a shift.
o
BP: U.S., BP Near
Deal on Fund- WSJ link
o
The
Obama administration and BP PLC are close to a deal to use future revenues from
the oil giant's Gulf of Mexico operations to guarantee its $20 billion cleanup
and compensation fund, a move that would give both sides an incentive to
continue production in the Gulf, scene of the U.S.'s worst-ever offshore oil
spill
o
Tech: RIMM Saudi
Regulator Won't Ban BlackBerry- WSJ link
o
Hot money investors hold on to their cash- FT
o
Merrill’s Risk Disclosure Dodges Are Unearthed-
NYT
o Barely visible to any
but a few inside Merrill, Pyxis was created at the height of the mortgage mania
as a sink for subprime securities. Intended for one purpose and operated off
the books, this entity and others like it helped the bank obscure the outsize
risks it was taking.
o
Madoff Victims Declared
Winners Deserve Recoveries,
Lawyer Says- BBG
o
A
U.S. bankruptcy judge erred in ruling Bernard Madoff’s customers can collect as
much as $500,000 each from the Securities Investor Protection Corp. only if
they invested more money than they withdrew, a lawyer said
o
Victims
of Madoff’s Ponzi scheme known as “net winners” deserve recoveries even though
they took out more than they put into Bernard L. Madoff Investment Securities he
said
o
Money Flows from
Trimtabs:
o
Investment Demand Remains Bullish. TrimTabs
Demand Index Closes at 82.9 on August 5.
o
Bearishness
on Part of Day Traders Suggests S&P 500 Could Grind Higher. Leveraged Long U.S. Equity ETFs Redeem 2.2%
of Assets in Past Week, while Leveraged Short U.S. Equity ETFs Post Inflow of
0.3% of Assets.
o
NYSE
Margin Debt Tumbles $30.8 Billion in May and June, Biggest Two-Month Decline
since December 2008/January 2009.
o
Retail
Investors Avoid Both U.S. and Global Equities despite Big Late Summer
Gains. Poor Performance and Market
Volatility in Past Decade, Demographic Factors, and Perception of Stock Market
as Insiders’ Game Probably Depressing Retail Flows.
o
Bond
Fund Inflows Balloon since May, Total at Least $6 Billion in Each of Past Five
Weeks. Corporate Bond Funds Particularly
Popular, Haul in 1.3% of Assets in Past Month.
o
Crisis Watch
o
Chávez visits Colombia amid diplomatic spat-
FT link
§
Hugo
Chávez, Venezuela’s president, will on Tuesday visit Juan Manuel Santos,
Colombia’s newly-inaugurated president, little more than a fortnight after
breaking diplomatic ties with his neighbour.
o
British Unions plot crippling general strikes to bring
country to a halt in protest at Government cuts- Global Mail
§
Union
barons are secretly plotting a series of crippling general strikes in protest
at Government cuts, experts warned on Monday.
§
Militant
union leaders have set aside their differences to focus on drawing up a united
package of industrial action aimed at bringing the country to a halt.
§
A former B-2 stealth bomber engineer was found guilty
of selling classified information to China- BBG
o
Political Stories:
o
House to take up border security measure-
Reuters link
§
The
House of Representatives was expected to vote on Tuesday on border security
legislation, moving swiftly to embrace beefed-up security measures approved by
the Senate last week
o
Obama Facing Bill Clinton by Proxy in Colorado Senate
Primary- BBG link
§
President
Barack Obama’s influence among Democrats will be tested today in a primary in
Colorado, where his party is fighting to keep a U.S. Senate seat likely
critical to its control of the chamber
§
No
other Democratic contest this year has drawn as much involvement from Obama,
who is backing Senator Michael Bennet. The incumbent’s opponent, former
Colorado House Speaker Andrew Romanoff, is supported by former President Bill
Clinton
o
Obama attacks Bush policies in Bush's home state- Reuters link
o
Maxine Waters charged by House ethics panel-
Reuters link
§
The
U.S. House of Representatives ethics panel on Monday formally accused
Democratic lawmaker Maxine Waters of three counts of breaking House rules for
assisting a bank with ties to her husband get help from the federal government
o
Democrats seek allies in U.S. consumer agency debate-
Reuters Link
§
Key
Democratic lawmakers hope to exploit the rare August return of the House of
Representatives to intensify pressure on the White House to nominate Elizabeth
Warren as head of the new consumer financial protection agency
o
Dems plan to attack GOP on Social Security-
TheHill.com
§
House
Democrats are planning more than 100 events around this week’s anniversary of
Social Security to attack Republicans who want to reform the popular
entitlement
o
Nominees will be crucial in enactment of new Wall
Street law-
TheHill.com
o Fed watch stories:
o Fed ponders more easing as economy stumbles-
Reuters
§ With U.S. interest rates already
effectively at zero percent, the central bank is out of easy policy options.
Top Fed officials argue, however, they can do more to fight renewed economic
weakness, including reinvesting proceeds from maturing mortgage bonds back into
that market
o If Fed
Decides to Ease, Will Others Follow?-
CNBC
§ "If the (European Central
Bank) and (Bank of England) follow the Fed's lead, any move on QE could be
dollar positive," he said. "Even if the Fed spooks the market the
dollar could gain on a flight to safety."
o Fed Efforts to Spur Growth May Move Markets More Than
Economy- BBG
§ Federal Reserve policy makers
meeting today may find the market reaction to any announcement of steps to spur
growth will be bigger than the impact on the economy
o
Macro negative:
o
Kass: Don’t Get Caught Up In Optimism- CNBC
§
"I’m
still slightly net long," Kass tells the desk. "But I wouldn’t be
caught up in the optimism that’s surrounding the sharp ramp in stocks over the
past 5 or 6 weeks."
o UK Economic Fears Rise as House Prices Dip- CNBC
§
House
prices began to fall for the first time in a year in July as sellers rushed to
put their properties on the market and buyers became harder to find and more
cautious.
§ http://www.cnbc.com/id/38635413
o Economists cut forecasts and see more Fed action-
Reuters link
§ The monthly Blue Chip
poll of leading economists showed nearly 70 percent had lowered their economic
growth forecasts in the past month
§ Of those who reduced
their second-half forecasts, nearly two-thirds cited lower consumer spending as
the primary cause.
o Incomes Fall
in Most Metro Areas- WSJ link
§ Among the 52 metro
areas with populations of more than one million, in only three did both net
earnings and the broader measure of personal income both rise
o
More Government Workers Face Pay
Cuts, Not Furloughs- CNBC link
§
A
new report on Tuesday showed a slight dip in overall wages and salaries in
June, caused partly by employees working fewer hours
o Sluggish Productivity Flashes Warnings-WSJ
link
§ Figures due out
Tuesday are expected to show that the productivity of nonfarm U.S. business
workers fell during the second quarter for the first time in two years
§ Falling productivity
has ominous long-term implications: Increasing workers' output over time is
critical for raising living standards while keeping inflation at bay
o Chief Executives in U.S. Less Confident on Jobs, Survey
Shows- BBG
§ The Young Presidents’
Organization’s gauge of sentiment fell to 57.5 in July from 61 in April,
according to the Dallas- based group. A reading higher than 50 shows more chief
executives had a positive outlook than a negative one
§ Sixty-two percent of
CEOs surveyed said they plan to hold employment steady in the coming year,
while fewer officials expect to boost staff
o Macro pos:
o
U.S. 2010 Census Comes in $1.6 Billion Under Budget,
Locke Says- WPO link
§
U.S.
Census Bureau expects to finish its work at least $1.6 billion under budget
because of a high mail-back response rate and untouched contingency funds.
§
About
half the savings came from reserves set aside in case of a natural disaster or
other snag in operations, the bureau said. Much of the rest came from a better
return on mailings
o
Autos: Tata Reports Profit as Economy Spurs Jaguar Land Rover
Sales- BBG
§
Tata
Motors Ltd., the Indian owner of Jaguar Land Rover, posted a first-quarter
profit as the global economic recovery spurred demand for luxury sport-utility vehicles
and $80,000 XF sedans. Sales rose 64 percent
§
Jaguar
Land Rover vehicle sales jumped 59 percent as the unit benefited from a rebound
in demand that has also caused Bayerische Motoren Werke AG and Daimler AG to
raise their profit forecasts
o
Banks set up business lending taskforce- FT
§
The
chief executives of the UK’s largest banks have joined forces in an attempt to
increase lending to credit-starved small businesses
o
Community Banks Plan Fall Rush For Capital-
American Banker
§
A
gust of stock offerings is expected from community banks, some bracing for
heightened capital standards, others seeking to repay government capital and a
few chasing acquisitions
o US States, Muni
Watch:
o
California
Lawmakers Vote to Postpone $11 Billion Bond Measure- BBG link
§ California lawmakers agreed to pull an $11 billion water-bond proposition
off the November ballot, postponing it for two years, on concern that voters
might reject the measure amid a $19 billion state budget deficit
o
U.S. House Set to Pass State Aid as Lawmakers Return
From Break- BBG
§ U.S. House members are returning to Washington from summer recess to act
on a $26 billion plan to aid cash-strapped state governments amid concerns the
economy is stalling as November’s congressional elections approach
o
Virginia stands to feel the most pain from defense
cuts- WPO
§ Virginia officials reacted with bipartisan dismay on Monday to Defense
Department budget shifts that will cost the state thousands of jobs in coming
years and will dramatically impact the economies of the Norfolk area and
Northern Virginia.
o
Top Real Estate
Stories:
o Freddie seeks $1.8bn from US Treasury- FT
§ The magnitude of the
problems facing the US mortgage market came into stark relief on Monday as
Freddie Mac, the home loan group, said it needed an additional $1.8bn from the
taxpayer
§ The latest request
brings the amount of federal aid spent to rescue the company and its sibling,
Fannie Mae, to $148.3bn since the financial crisis began
o ‘Buy and Bail’ Homeowners Get Past FNM Fannie, FRE Freddie
Loan Hurdles- BBG
§ A ‘Buy And Bail’ is acquiring
a new house before the buyer’s credit rating is ruined by walking away from the
old one because it’s “underwater,”
§ It’s an attempt to
escape payments on a home whose value may never recover while securing a new
property, often at a lower price with a more affordable loan
o
Real Estate: America’s
Most Stable Real Estate Markets- CNBC link
o
U.K. Home Prices to
Fall After ‘Sucker’s Rally,’ Savills Says- BBG
§
The
gain in U.K. home prices during the first half will prove to be a “sucker’s
rally” as an increase in properties for sale causes values to fall this year and
next, Savills said.
o
Fund Stories:
o
'Breaking the Buck' Was Close for Many Money Funds-
WSJ link
§
At least 36 of the 100-largest U.S.
prime money-market funds had to be propped up in order to survive the financial
crisis, according to a report from Moody's
o Equity Recap
o
Following last
Friday’s late rally in S&P’s most overseas markets were strong, save Japan
(Goldman cut forecasts for Japanese growth as their trade surplus shrank
unexpectedly). With the FOMC meeting
tomorrow, speculation about “QE2” (Quantitative easing round 2) has been
rising, as options for fiscal stimulus are off the table for now, even as the
need to “do something” to counter stubborn unemployment grows more insistent.
At any rate, the risk trade was (almost) back on. There was one fade of 7
points shortly after the open; otherwise the entire session was spent with a
quiet underlying bid which held prices firm. However, there was not enough
enthusiasm to drive through the resistance at 1129.20 (6/21 high). Volumes were
light as investors seemed content to wait on the Fed.
o
By the close, all 10
S&P Industry groups were up on the day, with Telecom (up 1%) the strongest
and Healthcare the weakest (up 0.4%). In individual stock action, the
homebuilders did well as DHI rose 4.3% (Deutche Bank upgrade), along with MTH
(up 6.8%) and RYL (up 7.8%). Tech had a few decliners with HPQ off 8% and DISH
down 10.2% (reported good earnings, but lost rather than added to subscribers,
missing the mark by 148k).
o
Billy
Clark and Team
o Rates Commentary
·
An extremely quiet summer session in
US Treasuries today with many investors awaiting tomorrow FOMC announcement and
any quantitative easing measures.
Treasuries came off their high early in the New York session and settled
into a tight range throughout the remainder of the day on very quiet flows. At
3PM benchmarks were mainly lower in price with the exception of the 10
year. 10/30s continuing its recent
steepening trend closing the day at 118.4bps.
·
Tomorrow the August refunding
auctions will start with the Treasury's sale of $34Bln 3 year notes ($24Bln 10s
and $16Bln 30s Wednesday and Thursday respectively), the auction will be
followed shortly thereafter with the highly anticipated FOMC announcemen
·
Primary
Dealer
o Converts recap
o
Although
Trading activity was extremely low today due to vacation schedules, we are
still better to buy in the short end of the market. The Healthcare sector and
other Consumer, Non-Cyclical’s were a large part of today’s anemic volumes.
Three of the top five trace volume names were in that sector…BEC, HOLX &
OCR
o
Tom
Fazio
o Investment Grade
Recap
o
Mixed volume to open up the week as new issues again
took the spotlight in an unusually active August as issuers rush to take
advantage of the twin benefits of tight credit spreads and low absolute
yields. Over $6BN in issuance headlined
by an upsized $2BN from APC (Ba1/BBB) at ~415/7yr (6.375%) which I originally
was thinking low-7%, it was just last week that we were trading the APC 5.95 16
wrapped around $97 (6.55%) and this morning APC 6.95 19 was trading $103
(6.50%) down in the street. So, not only
no concession for this 5B name but aggressive pricing and upsizing at
that. WLP (Baa1/A-) was also in the
market with little (but some) concession, we were active in both tranches (10yr
came at +155, 30yr at +187.5) and went out better buyers, 5bps better on
both. After a dismal non-farm payroll
number Friday, today's deals, especially that of APC, went to show that there
is cash to be put to work in IG corporates and buyers are ending up with no
other choice but to buy the new deals when they come.
o
Michael
Salemo and Team
o
BP BP and Obama
administration nearing deal on escrow fund - WSJ
o
BAS Basic Energy
Services reports July selected operating data
o
DPTR Delta Petroleum
reports Q2 EPS
o
EVEP EV Energy Partners
reports Q2 EPS
o
EXXI Energy XXI reports
fiscal year-end reserves and unaudited preliminary results
o
NE Noble Corporation
announces agreement to construct second Globetrotter-class ultra-deepwater
drillship
o
GOK Geokinetics reports
Q2 EPS
o
BPZ BPZ Resources reports
Q2 EPS
o
ZN Zion Oil & Gas
reports Q2 EPS
o
NGLS Targa Resources
Partners to offer 6.5M shares through Wells Fargo, BofA/Merrill Lynch,
Barclays, Citi and Morgan Stanley
o
EPE Enterprise GP
Holdings reports Q2 EPS
o
EEE Evergreen Energy Inc
reports Q2 EPS
o
MWE MarkWest Energy
reports Q2 EPS
o
CLNE Clean Energy Fuels
reports Q2 EPS
o
CVA Covanta Holding
Corporation Names Sanjiv Khattri as CFO
o
VRNM Verenium reports Q2
EPS
o
FXEN FX Energy reports Q2
EPS
o
IVAN Ivanhoe reports Q2
EPS
o
RTK Rentech updates on
stock sold through equity distribution agreement with Knight Capital
o
RTN Raytheon awarded
$450.8M contract
o
SNHY Sun Hydraulics
reports Q2 EPS
o
ABAT Advanced Battery
Tech reports Q2 EPS
o
ENS EnerSys receives
$39M in contracts for submarine batteries
o
CPLP Capital Product
Partners announces 5.5M common unit offering through UBS and Citi
o
GNK Genco Shipping &
Trading reports Q2 EPS
o
CPST Capstone Turbine
reports Q1 EPS $0.00 vs year-ago
o
IESC Integrated
Electrical reports Q3 EPS
o
PRGN Paragon Shipping
reports Q2 EPS
o
PANL Universal Display
reports Q2 EPS
o
ASEI American Science
& Engineering reports Q1 EPS
o
MDR McDermott reports Q2
EPS
o
MYRG MYR Group reports Q2
EPS
o
RTK Rentech reports Q3
EPS
o
PNCL
Pinnacle Airlines reports July traffic +0.1%
o UAUA UAL Corp reports July PRASM +22-23%
TECH/MEDIA/TELECOM
o
Tech: ORCL’s Ellison Says
HP Was Wrong to Oust Hurd- NYT
§
Oracle
Corp. Chief Executive Officer Larry Ellison said Hewlett-Packard Co.’s board
was wrong to force the resignation of CEO Mark Hurd, comparing the move to the
firing of Steve Jobs in the 1980s
o
Tech: EU joins FTC
in probing Apple's policies- NYP
§
European
regulators have teamed with the Federal Trade Commission in probing Apple's
policies for mobile software developers,
o
NFLX Netflix and Epix
working on major digital partnership - L.A. Times
o
GEOY GeoEye wins $3.8B
National Geospatial-Intelligence Agency EnhancedView award
o
LORL Loral Space &
Communications reports Q2 EPS
o
JCS Communications
Systems reports Q2 EPS
o
GEOY GeoEye reports Q2
EPS
o
RCNI RCN Corp reports Q2
EPS
o
AVGO Avago Technologies
limited announces change in dividend policy
o
PEGA Pegasystems reports
Q2 non-GAAP EPS
o
NOVL Novell guides Q3
revenue to $197-199M vs. prior $205-210M and Reuters $206.6M
o
MITL Mitel Networks
updates 1Q11 guidance
o
ATAI ATA Inc. reports Q1
EPS
o
VTSS Vitesse
Semiconductor reports Q3 EPS
o
TIER Tier Technologies
reports Q3 EPS
o
TEAM TechTeam reports Q2
EPS
o
NUAN Nuance
Communications guides Q4 non-GAAP EPS
o
IRDM Iridium
Communications reports Q2 revenues $84.0M vs Reuters $80.8M
o
SALM Salem Communications
reports Q2 EPS
o
MRVC MRV Communications
reports Q2 EPS
o
GA Giant Interactive
reports Q2 EPS
o
WAVX Wave Systems reports
Q2 EPS
o
THQI THQ Inc reports Q1
EPS
o
VSAT ViaSat reports Q1
non-GAAP EPS
o
RAX Rackspace reports Q2
GAAP EPS
o
TWTC tw telecom reports
Q2 EPS
o
HIMX Himax Technologies
reports Q2 non-GAAP earnings per ADS
o
TTGT TechTarget reports
Q2 EPS
o
BIDZ Bidz.com reports Q2
EPS
o
BBBB Blackboard reports Q2
EPS
o
GVP GSE Systems reports
Q2 EPS
o
NUAN Nuance
Communications reports Q3 EPS
o
CHOP China Gerui Advanced
Materials Group initiated market outperform at Rodman & Renshaw; target is
$10.
o
ZOLT Zoltek reports Q3
EPS
o
CDE Coeur d'Alene Mines
reports Q2 EPS
o
NP Neenah Paper reports
Q2 EPS
o
RMIXQ U.S. Concrete
reports Q2 EPS
o
CXDC China XD Plastics Co
reports Q2 adj. EPS
o
SA Seabridge Gold
reports Q2 EPS
o
JAG Jaguar Mining
reports Q2 EPS
o
KALU Kaiser Aluminum
corporation acquires Nichols wire facility, Florence, Alabama
o
GSS Golden Star reports
Q2 EPS $0.03 vs. year-ago $0.00-- from 10-Q filing
UTILITIES
o
SCG SCANA Corp
subsidiary South Carolina Electric & Gas an opinion from the South Carolina
Supreme Court
o
CWCO Consolidated Water
reports Q2 EPS
o
OGE OGE Energy completed
the purchase of all of the project development assets needed to begin
construction of the Crossroads wind farm
o
CPK Florida Public
Utilities Company to purchase the
natural gas operating assets of Indiantown Gas Company (Indiantown Gas or IGC)
o
KKR Kohlberg Kravis
Roberts withdraws registration for $500M common unit IPO citing market
conditions
o
HALL Hallmark Financial
Services to acquire State Auto National Insurance Company
o
S&P
SmallCap 600 changes: ORN, KIRK, VLTER
o
GLAD Gladstone reports Q3
net increase in asset sales from operations
o
CCBP, FNB Comm Bancorp to be
acquired by F.N.B Corp
o
KCAP Kohlberg Capital
reports Q2 net investment income per share
o
NFBK Northfield Bancorp
to commence stock offering
o
FIS Fidelity National
Information resumed neutral at JPMorgan; target is $30.
o
ABK Ambac Financial
reports Q2 EPS
o
BEN Franklin Resources
reports July AUM $602.9B
o
SMHG Sanders Morris
Harris reports Q2 EPS from cont ops
o
ACAP American Physicians
Capital holder GAMCO discloses 5.3% stake in 13D filing
o
PZN Pzena Investment
Management reports $14B total AUM as of 31-Jul vs year-ago $11.6B
o
MBI MBIA reports Q2 EPS
o
SF Stifel Financial
reports Q2 EPS
o
CVBF CVB Financial
discloses subpoena in 10Q filing
o
CCO Clear Channel
Outdoor reports Q2 EPS
o
BAC: BofA May Get $13 Billion Capital Boost From
China Banking Stake- BBG
§
Bank
of America Corp., hit by last month’s disclosure of a potential $10 billion
charge tied to new regulations, may add $13 billion to its book value when it
posts gains from a Chinese bank stake for the first time in October
§ The windfall stems
from Bank of America’s 11% stake in China Construction Bank
o
HPP Hudson Pacific
Properties reports Q2 net loss
o
INN Summit Hotel
Properties files $325.5M IPO through Baird
o
RAS RAIT Financial Trust
enters into sales agreement with JonesTrading for up to 17.5M shares
o
MPG MPG Office Trust
reports Q2 FFO
o
WAC Walter Investment
Management reports Q2 EPS
o
STWD Starwood Property
Trust reports Q2 EPS
o
CUZ Cousins Properties
reports Q2 FFO
o
FORD Forward Industries
reports Q3 EPS
o
GCFB Granite City Food
& Brewery reports Q2 EPS
o
FEED AgFeed Industries
reports Q2 EPS
o
CAST ChinaCast Education
reports Q2 adj. EPS
o
ZQK Quiksilver exchanges
$140M of debt for equity
o
NAVR Navarre holder SRB
Management discloses 7.5% stake in 13D filing
o
CIGX Star Scientific
reports Q2 EPS
o
ALCO Alico reports Q3 EPS
o
CMFO China Marine Food
Group reports Q2 EPS
o
ANSW Answers reports Q2
net income $2.12M vs year-ago ($3.62M)
o
HOGS Zhongpin reports Q2
EPS
o
EP El Paso subsidiary
to hold 30-day, non-binding open season to solicit expressions of interest
regarding transportation of ethane on its MEPS
o
SYUT Synutra
International reports Q1 EPS
o
TIXC Tix Corporation
reports Q2 EPS
o
OMEX Odyssey Marine
Exploration reports Q2 EPS
o
HQS HQ Sustainable
Maritime files to sell indeterminate amount of shares through Ladenburg
o
IT Gartner reports Q2
EPS
o
CVG Convergys reports Q2
EPS
o
DTSI DTS, Inc reports Q2
EPS
o
TAST Carrols Restaurant
reports Q2 EPS
o
IPAR Inter Parfums
reports Q2 EPS
o
HEK Heckmann reports Q2
EPS
o
LOPE Grand Canyon
Education reports Q2 EPS
o
LGF Lions Gate reports
Q1 EPS
o
RRD RR Donnelley awarded
multi-year agreement to provide enterprise-wide promotional and marketing
materials to pharmaceutical company Eisai Inc.
o
BH Biglari Holdings
delays the special meeting of shareholders
o
CTRP Ctrip.com reports Q2
GAAP EPADS
o
VCGH VCG Holding reports
Q2 EPS
o
SCLN SciClone
Pharmaceuticals has been contacted and advised that the SEC has initiated a
formal, non-public investigation of SciClone
o
ANIK Anika Therapeutics
reports Q2 EPS
o
CXM Cardium Therapeutics
files $50M mixed shelf
o
MEDQ MedQuist reports Q2
EPS
o
MRGE Merge Healthcare
reports Q2 adj. EPS
o
RPTP Raptor
Pharmaceutical announces pricing of PIPE financing
o
LH Laboratory Corp's
board authorized a new stock repurchase program up to $250M
o
MDTH Medcath reports Q3
EPS
o
MR Mindray Medical
reports Q2 GAAP EPS
o
CSKI China Sky One
Medical reports Q2 EPS $0.73--10Q
o
GSK GlaxoSmithKline,
Genmab announce top line results from Arzerra trial in CLL
o
CXM Cardium Therapeutics
reports Q2 EPS
o
UGNE Unigene Laboratories
reports Q2 EPS
o
TTHI Transition
Therapeutics shares to resume trading at 17:00 ET
o
ELN Elan Provides update
on initiatives regarding balance sheet and operating performance
o
ELN Elan and Transition
Therapeutics announce topline summary results of phase 2 study of ELND005;
fails to achieve significance
o
BJGP BMP Sunstone reports
Q2 EPS non-GAAP
o
ARRY Array Biopharma
reports Q4 EPS
o
TSPT Transcept
Pharmaceuticals reports Q2 EPS
o
SNTA Synta
Pharmaceuticals reports Q2 EPS
o
SCLN SciClone
Pharmaceuticals reports Q2 EPS
o
AVCA Advocat reports Q2
EPS
o
SPPI Spectrum
Pharmaceuticals reports Q2 EPS
o
VRUS Pharmasset reports
Q3 EPS
o
ERES eResearchTech
reports Q2 EPS
o
XOMA XOMA Limited reports
Q2 EPS
o
ESC Emeritus Corp
reports Q2 CFFO
o
ACAD Acadia
Pharmaceuticals reports Q2 EPS
o
ATHX Athersys, Inc.
reports Q2 EPS
o
PFWD Phase Forward
reports Q2 EPS
o
MDVN Medivation reports
Q2 EPS
o
QGEN Qiagen reports Q2
EPS
o
PRXL Parexel reports Q4
EPS
o
SLXP Salix Pharmaceuticals
reports Q2 EPS
o
Stocks
mentioned on CNBC's Mad Money with Jim Cramer - TheStreet.com
§
+
ESRX, ADCT, APKT, EGO, DE, POT, MON, ETP
·
SD and TSN
o
Oils
o
Dana
Petroleum (unch). Dana announce success at
their Blackbird exploration well in the North Sea.
o
Utilities
o
International
Power (-3.4%). As predicted in the
weekend press, GDF Suez is to merge their international unit with IPR, paying
IPR shareholders a 92p dividend and giving them 30% control of the new
International Power.
o
Chemicals
o
Symrise (+2.6%). 1H figures come in ahead of analyst estimates.
o
Japan
·
NKY-0.22%,
TPX -0.34%
·
NKY
slipped after BoJ held off on new policy steps and China reported
weaker-than-expected July imports. Trading was thin as investors await the FOMC
meeting tonight with market players speculating if the Fed will signal further
monetary easing, possibly driving the yen to an all-time high against the
dollar. Turnover on the TPX fell to 875.86B yen from 1.08 trillion yen
yesterday
·
Stocks
fell across most sectors led by oil & gas, materials, utilities, consumer
and industrials. Telecom rose
·
Exporters
were in focus as market players speculated if the BoJ or the Fed will signal
additional easing measures: autos +0.15%, CE -0.90%, precision -0.44%
·
Best
performing sectors on the TPX: securities +1.24%, mining +0.99%, info &
comm. +0.41%; worst performing sectors: airlines -2.53%, oil & coal -1.70%,
rubber products -1.60%
Hong Kong
·
HSI
-1.50%; HSCEI -2.31%
·
Stocks
fell tracking mainland shares after property prices moderated and China imports
growth slowed in July. Turnover on the HSI fell to HK$17.48B from HK$22.20B
yesterday
·
Autos
fell after report China’s passenger-car sales to dealerships rose at the
slowest pace in July since Mar’09
·
Coal
names fell. Coal prices at Qinhuangdao port, a Chinese benchmark, fell for a
third week. Prices fell 1.4% WoW to between 725 yuan and 735 yuan a metric ton
as of yesterday, China Coal Transport and Distribution Association
China
•
SHCOMP
-2.89%; SZCOMP -3.27%
•
Stocks
fell after weaker-than-expected July imports raised concerns about the strength
of domestic demand after lending and property curbs slow growth in the world’s
3rd largest
•
Stocks
fell across most sectors led by consumer, tech, industrials, tech, oil &
gas and materials names
•
Banks
-2.28%, real estate -3.25% after property prices rose 10.3% YoY in July,
slowing from 11.4% in June and less than consensus 10.5% following the
government measures to curb speculation
•
Autos
-1.84%. China’s passenger-car sales to dealerships rose at the slowest pace in
July since Mar’09. Wholesale deliveries of cars, sport-utility vehicles and
multipurpose vehicles increased 13.6% YoY to 946,200 in July, compared with 19%
growth in June, the China Association of Automobile Manufacturers reported
yesterday
•
Coal
-3.53%. Coal prices at Qinhuangdao port, a Chinese benchmark, fell for a third
week. Prices fell 1.4% WoW to between 725 yuan and 735 yuan a metric ton as of
yesterday, China Coal Transport and Distribution Association
o International Power and GDF boards approve deal-
FT link
o The boards of International Power and GDF-Suez
gave the green light to a merger on Monday, paving the way for the creation of
one of the world’s biggest independent power generators with estimated sales of
€13.5bn ($17.9bn).
o Elan puts sale of drug delivery unit on hold- Reuters
o Irish drugmaker Elan announced plans to
restructure its debt and said it has temporarily shelved plans to spin off its
drug delivery division due to unfavorable market conditions.
o http://www.reuters.com/article/idUSN098428920100809
o FNB Corp to buy CCBP Comm Bancorp for $70 mln- Reuters
o Bank holding company F.N.B. Corp (FNB.N) said
it will buy Pennsylvania-based Comm Bancorp Inc for about $70 million in cash
and stock to branch into eastern Pennsylvania
o http://www.reuters.com/article/idUSSGE6780JN20100809
o GOOG Google To Acquire Jambool For $70 Million- TechCrunch
o Social Gold gives app developers the ability
to build payments directly into their games and other applications
o http://techcrunch.com/2010/08/09/google-aquires-jambool-social-gold/
o First Reserve denies looking to buy out Whitehaven- Reuters
o “FRC is not involved in any consortium, or in
any proposed consortium, to privatise WHC," First Reserve Corp said in a
statement.
o "In addition, FRC's working relations
with the WHC management team are excellent, contrary to media
speculation," it said
o http://www.reuters.com/article/idUSSYU01044720100810
o Deutsche Bahn Said to Win EU Approval for Takeover of Arriva- BBG
o Deutsche Bahn AG is set to win European
antitrust approval for its 1.6 billion-pound ($2.5 billion) purchase of Arriva
Plc after offering to sell the U.K. company’s assets in Germany
o The offer would satisfy conditions imposed by
the European Commission, which extended its probe of the transaction by two weeks
until tomorrow, when it’s scheduled to rule on the deal
o Royal Bank of Canada Said to Seek Buyers for U.S. Insurance Arm- BBG
o Goldman Sachs Group Inc. has been soliciting
buyers for Liberty Life Insurance Co. on behalf of Canada’s biggest bank for
several months
o The business is likely to fetch less than $1
billion in a sale
o Travelodge rules out sale to Whitbread- Reuters
o Budget hotel group Travelodge is not up for
sale and its debt-laden owner Dubai International Capital has had no approach
from Whitbread, CEO Parsons told Reuters
o http://www.reuters.com/article/idUSTRE6783LY20100809
o France Telecom eyes a stake in Morocco- FT
o France Telecom is in talks to buy a stake in
Meditel, Morocco’s second largest mobile operator, as it seeks to increase
exposure to fast-growing African markets
o http://www.ft.com/cms/s/0/6a7cb698-a3ef-11df-9e3a-00144feabdc0.html
o NRGY Inergy LP to buy NRGP Inergy Holding in $2.1 billion deal- Reuters
o Propane distributor Inergy LP (NRGY.N) agreed
to buy its holding partner Inergy Holdings LP (NRGP.N) in an all-stock deal
which values the Inergy Holding at about $2.09 billion
o http://www.reuters.com/article/idUSTRE67828F20100809
o ENDP Endo Pharma to buy PPCO Penwest for about $168 mln- Reuters
o Endo Pharmaceuticals (ENDP.O) said it agreed
to buy Penwest Pharmaceuticals (PPCO.O) for about $168 million in cash, to gain
full access to a painkiller that was being co-developed by the two companies
o http://www.reuters.com/article/idUSSGE6780JF20100809
o Renault-Nissan has not submitted a bid for Ssangyong Motor- Yonhap
$ RAISING
IPOs
o GM IPO:Tough sell for Obama administration?- Reuters
o GM turned a profit in the first quarter and
Chief Executive Officer Ed Whitacre said this week's second quarter results
will be "impressive." But investors will have to believe that a
company that lost $88 billion from 2005 through the first quarter of 2009 and
wiped out equity investors when it declared bankruptcy last spring is worthy of
another bet.
o http://www.reuters.com/article/idUSTRE6781PV20100809
o KKR Kohlberg Kravis Roberts withdraws registration for $500M common
unit IPO citing market conditions- BBG
o Skype IPO backers bet on name recognition- Reuters
o Internet phone services provider Skype filed
to raise up to $100 million through an IPO, hoping that its wide name
recognition and rapid growth will outweigh concerns that few of its customers
actually pay.
o http://www.reuters.com/article/idUSSGE6780GY20100809
o Summit Hotel files for IPO of up to $325.5 million- Reuters
o The hotel investment company said it plans to
use net proceeds from the offering to repay existing debt, fund capital
improvements at its hotels and for working capital purposes, including possible
future hotel acquisitions
o http://www.reuters.com/article/idUSTRE67850F20100809
PRICINGS
o Initial Offerings
o
SMG Indium Resources 9m share IPO expected to price 8/9
via Rodman & Renshaw and Sunrise Securites: Price Talk $5
o
KH China Kanghui Holdings 6.7m share
IPO expected to price 8/10 via Ms and Piper: Price talk $9.25-11.25
o
DLC DLC Realty Trust 31.3m share IPO
expected to price 8/10 via BoA and Barclays: Price Talk $15-17
o
MDMD MediaMind Technologies 5m share IPO
expected to price 8/10 via JPM and DB: Price Talk $14-16
o
MMYT MakeMyTrip 5m share IPO expected to price 8/11 via MS:
Price Talk $12-14
o
RP RealPage 13.5m share IPO expected to price 8/11
via CS and DB: Price Talk $13-15
o Secondary Offerings
o
MOH Molina Healthcare $126.8m secondary expected to price
8/10 via BoA, and JPM
o
COT Cott Corp $65m secondary expected to price 8/11 via DB,
JPM, and MS
o
ASR Grupo Aeroportuario del Sureste $231m secondary expected
to price 8/11 via JPM and Macquarie
o
PSTB Park Sterling Bank $230m secondary expected to price 8/11
via KBW
o
SUNH Sun Healthcare $167m secondary expected to price 8/12 via
Jefferies, CS, and JPM
NEWS
o ZQK Quiksilver exchanges
$140M of debt for equity
o
Healthcare: CXM
Cardium Therapeutics files $50M mixed shelf
o
Industrials: BLT
Blount International files $300M mixed securities shelf
o
RAS RAIT Financial Trust
enters into sales agreement with JonesTrading for up to 17.5M shares
o
CPLP Capital Product
Partners announces 5.5M common unit offering through UBS and Citi
o
Energy: NGLS Targa Resources Partners to offer 6.5M shares
through Wells Fargo, BofA/Merrill Lynch, Barclays, Citi and Morgan Stanley
o
Transports: HQS HQ Sustainable Maritime files to sell indeterminate amount of
shares through Ladenburg
o
o
BB&T
Capital Markets SAN FRANCISCO 1-ON-1 CONFERENCE - Aug 10, 2010
·
CVGW
o
Canaccord
Adams Global Growth Conference - Aug 10, 2010 - Aug 12, 2010
·
8AM: ONXX , RMD
·
8:30AM: NLC , ZGEN
·
9AM: AMAG , VOLC
·
9:30AM: ESE , PODD , SGEN , VOLT
·
10AM: AUTH , BEZ , OMER , VOCS
·
10:30AM: ONC.TO , VECO
·
11AM: ANSW
·
11:30AM: SIHI
·
1PM: DXCM , JMBA , SCOR
·
2PM: CLRT , VRUS
·
2:30PM: LOCM , NPSP , SMSC
·
3PM: ELGX , ELX
·
3:30PM: NURO , NUS
·
4PM: OFIX , VASC
·
4:30PM: WAVX
·
5PM: AVNR , LAVA , LXU
·
AIXA.F , EPAY , FFIV , FTEK , MEA , PANL , PLX , SATC ,
WL6.F
o
Canaccord
Adams Global Growth Conference-Duplicate
·
8:30AM: RVBD
·
5PM: SPNC
o
CanGEA
Geothermal Energy Conference - Aug 09, 2010 - Aug 10, 2010
o
Credit
Suisse Group Industrial Conference - Aug 10, 2010 - Aug 11, 2010
·
NTS: OSK
o
IFSA
Next Gen Annual Conference - Aug 10, 2010 - Aug 12, 2010
o
International
Quality & Productivity Center Military Vehicle Armor & Power Focus Day
- Aug 10, 2010 - Aug 13, 2010
o
Jefferies
& Co. Global Industrial and A&D Conference - Aug 10, 2010 - Aug 12,
2010
·
8:30AM: NPO , UTX
·
9AM: AEM , HUN
·
9:30AM: DCO
·
10AM: WLK
·
10:30AM: APSG , ECL
·
11AM: MRCY
·
11:30AM: AVY
·
12:45PM: TKR
·
1:15PM: APD , CR
·
1:45PM: AVD
·
3:15PM: HSC , TNC
·
3:45PM: GSI , MERC
·
NTS: HXL , JAG.TO , JEF , NOA
o
JPMorgan
Auto Conference - Aug 09, 2010 - Aug 10, 2010
·
11:25AM: TEN
·
12:25PM: KAR
o
Morgan
Keegan Security and Defense Conference
·
NTS: NICE
o
Oppenheimer
& Co. Telecommunication, Media & Technology Conference - Aug 10, 2010 -
Aug 11, 2010
·
8:30AM: CTCT , FTWR , SNDK , TXN
·
9:10AM: ANSS , MSCC , QCOM , SPMD , TMRK
·
9:50AM: JCOM , RFMD
·
10:30AM: BMC , INAP , SYNA , ULTI
·
11:10AM: ATHR , JNPR , NANO
·
11:50AM: CEVA , DFT , DGIT , MSFT , SMOD
·
12:40PM: MOT
·
1:20PM: AKAM , ARB , CKSW , RVBD , TLEO
·
2PM: ACOM , CCOI , KITD , LOGI
·
2:40PM: ARBA , ATML , CAVM , EGHT , RAX , TMRK
·
3:20PM: CALL , EGHT , NSR , PLCM , UNCA 4PM: CNQR , CSGS
, DLR
·
4:40PM: AMKR , CALL , GNET , PLT , PMTC
·
NTS: ALVR , CTELF.PK , Double-Take Software, Inc. , FFIV
, IGTE , MU , NICE , ORBK , ZRAN
o
Pacific
Crest Securities Technology Leadership Forum - Aug 08, 2010 - Aug 10, 2010
·
9:45AM: TXN
·
10:30AM: CDXS , SWI , WBSN
·
11AM: COGO , MXIM
·
11:30AM: VRSN
·
12PM: LOOP , LRCX
·
12:30PM: AMSC , LOGI , VSEA
·
1PM: CY , MFE , QLGC , TSRA
·
2:30PM: LLNW , MSFT
·
3:30PM: KLAC
·
4PM: AKAM
·
4:30PM: YHOO
·
5:30PM: LSCC , ONNN
·
NTS: ANAD , MLNX , TQNT
o
Red
Herring, Inc. Asia Conference - Aug 10, 2010 - Aug 12, 2010
o
Susquehanna
International Group, LLP Summer Energy Conference - Aug 10, 2010 - Aug 11, 2010
o
Terrapinn
Real Estate Investment World Australia Conference - Aug 09, 2010 - Aug 11, 2010
o
Wellington
Shields & Co. LLC East Coast Seminar - Aug 09, 2010 - Aug 11, 2010
o TODAY’S EVENTS
o
Shareholder
Meetings
§
MNRO,
INTT, CRV, FLTT, PCP, NWK, THQI, CRWS
o
BBD
analyst meeting
o
FDIC
meeting on credit rating agencies, 10 a.m.
o
Census
bureau holds news conference to update on 2010 census, 10 a.m
o
Primary
elections take place in Colorado and three other states
o ECONOMICS
o
0730
NFIB Index of Small Business Optimism
o
0745
ICSC-Goldman Sachs Chain Store Sales Index
o
0830
Preliminary Productivity & Costs
o
0855
Johnson Redbook Retail Sales Index
o
1000
Wholesale Trade
o
1000
IBD/TIPP Economic Optimism Index
o
1630
API Weekly Statistical Bulletin
o
1700
ABC News Consumer Comfort Index
o EARNINGS
o Autos
·
RZ
o Materials
·
URZ,
SDTH, SMG, NP, CEMJQ
o Consumer/Retail/Education
·
FOSL,
HAMP, SYX, DEER, ACMR, SNS, APT, ATAI, LTRE, SYY, ALN, HOGS, JAVO, WWAY, CSKI,
CIGX
o
Energy
·
KDKN,
NCOC, XSNX, AXAS, BPZ, DPTR, EGY, ERHE, GPR, HUSA, KAZ, ROSE, SJT, TGC, RTK,
FTFL
o Financials
·
DFR,
FCFC, CCRT, SF, IHC, AFFM, FMMH, HCII, MBI, ACNB, FUNC, PFLC, SUPR, AGM, CASH,
FPTB, LPSB
o Gaming, Lodging,
& Leisure
·
HMIN
o Healthcare
·
ABIO,
CLDA, GTF, HEB, ICGN, INHX, LUNA, MYGN, RNN, VRUS, CFN, CSII, NURO, OTIX, TGX,
EAR , YTM, TMH, GTHP, UPI, MRGE, PFWD, CPHI, CYPB, JAZZ, NEXM, TAROF, SMED
o Industrials/Homebuilders
·
CVU,
TDG, USHS, STRI, ZAGG, URS, CHGS, AONE, ENSL, JASO, LIME, AIT, IDN, RINO, COIN,
CVVT, DYP, GENC, MG, AYR, GEOY, ALCO, FEED, SPWRA
o Media
·
LIA,
CCMO, WWON, RCNI, CKXE, DIS, KDE, LGF
o Real Estate
·
ARI,
AVTR, STRS, XIN, GBE
o
Tech/Telecom
·
CREE,
CHINA, COVR, SLRY, GSIGQ, HCKT, RMKR, TIER, YTEC, LDK, VIMC, AEY, TIII, BCST,
TWTC, KONG, VHC, ADAM, ALLT, NRTLQ, SYMM, ZSTN
·
TSM
sales and rev release
o Transportation
·
DAC,
ESEA, RLOG, SBLK
o Utilities HTM, PICO, CDZI, HOO
***All
eco data from Bloomberg and DJ
Prepared by
staff of Cantor Fitzgerald & Co. ("Cantor") and is for
information purposes only. It is not intended to form the basis of any
investment decision, should not be considered a recommendation by Cantor or any
other person and does not constitute an offer or solicitation with respect to
the purchase or sale of any investment nor is it a confirmation of terms. Any calculations and
valuations presented herein are intended as a basis for discussion. Sources of
information are believed to be reliable but Cantor makes no representation and
gives no warranty that the information contained herein is accurate or
complete. Any opinions or estimates given may change. Cantor undertakes no
obligation to provide recipients with any additional information or any update
to or correction of the information contained herein. This material is intended
solely for institutional investors and investors who Cantor reasonably believes
are institutional investors. Cantor, its officers, employees, affiliates and
partners shall not be liable to any person in any way whatsoever for any
losses, costs or claims howsoever arising from any inaccuracies or omissions in
the information contained herein or any reliance on that information. Cantor
may have positions in financial instruments mentioned, may have acquired such positions
at prices no longer available, and may have interests different or adverse to
your interests. No liability is accepted by Cantor for any loss that may
arise from any use of the information contained herein or derived here from.
This product may not be reproduced or redistributed outside the recipient's
organization. Sources: Cantor Fitzgerald & Co., Reuters, Bloomberg, CNBC,
Dow Jones, Marketwatch, Trade-Alert, and the Wall Street Journal.