TOP NEWS
MARKET CURRENTS
-
3:17 AM China PMI shrinks for the first time in seven months, dropping to 49.6 from 50.4 in April, missing expectations. HSBC, who collect the data, didn't mince words in an appeal to Beijing: "The cooling manufacturing activities in May reflected slower domestic demand and ongoing external headwinds. A sequential slowdown is likely in the middle of Q2, casting downside risk to China's fragile growth recovery. Moreover, the further signs of labor market slackness call for more policy support. Beijing still has fiscal ammunition to do so." ETFs: FXI, GXC, PGJ, YAO, FCHI, PEK, CAF, YXI, XPP, FXP, MCHI, YINN, YANG, TCHI, CHXF; BONDS: RMB, DSUM, CHLC, CNY, CYB, FXCH Comment! [Global & FX]
-
3:08 AM Equity futures turn sharply lower overnight, possibly in reaction to weak manufacturing data out of China and a mini-crash in Japan that left the Topix -6.9%. Factory activity in China shrunk for the first time in 7 months, reflecting "slower domestic demand and ongoing external headwinds." S&P futures currently -1.1% to 1437.50 after dropping below 1434 when European markets first opened. 1 Comment [Global & FX, Breaking News, On the Move]
-
12:10 AM Notable earnings after Thursday ’s close: ARO, BLOX, CRM, GPS, MENT, MRVL, P, ROST, SHLD, SVM, WSM, ZUMZ Comment!
-
12:05 AM Notable earnings before Thursday’s open: AAP, AINV, ALKS, BKE, BONT, DLTR, GME,HRL, QSII, RL, SLF, TD Comment!
-
12:00 AM Thursday's economic calendar:
8:30 Initial Jobless Claims
9:00 PMI Manufacturing Index Flash
9:00 FHFA House Price Index
9:45 Bloomberg Consumer Comfort Index
10:00 New Home Sales
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Comment!
-
22 May, 10:32 PM GE bucked the downtrend today, rising 0.9% as Jeff Immelt - speaking at a conference (transcript) - says the company is considering spinning off parts of GE Capital through an IPO. "In financial services, putting things up for sale with the assumption that a bank would buy it has been a fool's journey," said Immelt, "(but) the capital markets are very receptive to IPOs." The proceeds would fund more buybacks as Immelt hopes to lower the share count to 9B-9.5B shares by 2015's end (from about 10.4B currently). 1 Comment
-
22 May, 10:17 PM Ford (F) says it will close its plants in Australia in 2016 as a strong aussie and high labor costs weigh heavily on the Australian manufacturing sector's ability to compete with cheap imports. The closures are expected to result in the loss of some 1,200 jobs. 2 Comments [Consumer]
-
22 May, 10:09 PM More P-E insiders cash in as Oaktree Capital (OAK) prices an upsized secondary (to 7M units from 6M) at $53.50 per share. The greenshoe option is for 15%, 1.05M shares. The company is using the proceeds to take out selling insiders. Two weeks ago, Apollo Global (APO) strategic investors and managing partners offered up 21.1M shares, and its CEO Leon Black has let it be known - now is the time to harvest. OAK -0.3% to $54.25 AH. 1 Comment [Financials]
-
22 May, 10:06 PM China HSBC flash PMI prints in contraction territory for the first time in seven months, coming in at 49.6, down from a final reading of 50.4 in April. The new orders sub-index falls to 49.5 (eight month low) while new export orders stabilize a bit from last month. Comment! [Global & FX, Breaking News]
-
22 May, 8:41 PM Singapore revises Q1 GDP up to show a 1.8% Q/Q expansion (seasonally adjusted, annualized) versus an advance estimate of a 1.4% decline. On a Y/Y basis the economy expanded 0.2%. The Ministry of Trade and Industry says "economic growth … is expected to improve gradually over the course of the year." The Singapore ETF (EWS) is up 19.8% Y/Y. Comment! [Global & FX]
STOCKTALKS
Sign in to view StockTalks by people you follow
TOP ARTICLES3:24 AM ET THURSDAY MAY 23
PORTFOLIO
| Symbol | Alerts | Price | Chg | % Chg |
|---|
Latest Portfolio Headlines
More on this portfolio:
Day Watch |
Alerts |
Holdings |
Performance |
Momentum |
Valuation |
Profitability |
Dividends |
Debt |
Ownership
LATEST ARTICLES
- Game Over For AUD? Don't Count On It Yet by Oriental Trader • Comment!
- Today's Market And Economists' Forecasts For 10 Year Yields And The FFR by Doug Short • Comment!
- Kyle Bass: Central Bankers Are Building Potemkin Villages To Deceive Us by CFA Institute Contributors • 1 Comment
- Will Arena's Belviq Be The Next Anti-Obesity Drug To Make The Cover Of Time Magazine? by Reasonable Risk • Comment!
- Hewlett-Packard: Is The Ramp Higher After Earnings Justified? by Money Investor • Comment!
- Intel Is Undergoing A Revolution; Don't Miss It by Ashraf Eassa • Comment!
- Google Steps On Sirius XM's Toes, Pokes Pandora In The Eye, Beats Apple To The Punch by Spencer Osborne • Comment!
- Deere & Company: Higher Sales And Stable Margins Help Earnings by ITT Investment Research • Comment!
- Will Microsoft's Release Of Xbox One Trigger Another Rally? by Emmanuel Floriann Magto • 1 Comment
- 2 Energy Stocks Bucking Wednesday's Sell-Off On Upgrades by Bret Jensen • Comment!
ALPHA-RICH IDEAS
- Seadrill Partners: A Stable Driller With Growth Potential by Power Hedge • 1 Comment
- Why I'm Buying Multiband Hand Over Fist by Inefficient Market • 24 Comments
- Silver Bay Realty Trust: A Disaster Waiting To Happen by Josh Arnold • 48 Comments
- A Sustainable And Growing 8% Yield Is Driving NorthStar Realty Finance's Outperformance by Dane Bowler • 31 Comments
- Ryland: 2 Major Reasons Why This Homebuilder Is At Least 30% Overvalued by Money Investor • 4 Comments
- hhgregg: Gravity Will Return After A 175% Run Over The Last 6 Months by Money Investor • 19 Comments
- The Hard Money Has Been Made In Imperial Holdings by Whopper Investments • 8 Comments
- AdCare Tender Offer Looks Improbable by Benjamin Mackovak • 6 Comments
- CST Brands: Valero's Spin-Off Is Currently Undervalued And Under-Earning by Daniel Phillips • 18 Comments
- TeraGo: The Cheapest Communications Cash Cow You've Never Heard Of by Cash Man • 48 Comments
MACRO VIEW
- Game Over For AUD? Don't Count On It Yet by Oriental Trader • Comment!
- Today's Market And Economists' Forecasts For 10 Year Yields And The FFR by Doug Short • Comment!
- Stealth Recession Leading Indicators Disconnected by John Early • 2 Comments
- U.S., Japan Gain On Rest Of World In 2013 by Bespoke Investment Group • 1 Comment
- S&P 500 Snapshot: Fed Induced Bipolar Disorder by Doug Short • Comment!
- Bernanke's Comments Boost The USD, Hurt The Euro by Ralph Shell • 3 Comments
DIVIDENDS & INCOME
- Value Investors Should Not Overlook Volkswagen by Labutes IR • 1 Comment
- MLPs With Lower Leverage May Fare Better As Tapering Begins And Rates Rise by Richard Shaw • 1 Comment
- General Electric: Ideal Time To Add Shares Into Your Dividend Portfolio by Stock Gamer • 5 Comments
- The Cold, Hard Facts Behind Funding Your Retirement by Dennis Miller • 2 Comments
- Macy's: It Is Profitable To Buy 'Off The Rack' by Mark Piro • Comment!
- A Moderate-Risk, High-Reward Dividend Play by Tim McAleenan Jr. • 24 Comments
ETFs & PORTFOLIO STRATEGY
- YCS Outperforms In A Yen Decline, Without Significant Tracking Error by Trust Intelligence • 4 Comments
- 4 Ideas For Today's Low-Inflation Environment by Russ Koesterich • Comment!
- Fed Tapering Comments Expose Stock Market Rally Weakness by Daniel R Moore • Comment!
- Risk Is Not A Singular Noun by Rich Willis • Comment!
- How Risky Are International Dividend ETFs? by Morningstar • Comment!
- Apple Bonds In ETFs: If, When And How? by Matt Tucker • Comment!
INVESTING IDEAS
- Will Arena's Belviq Be The Next Anti-Obesity Drug To Make The Cover Of Time Magazine? by Reasonable Risk • Comment!
- Intel Is Undergoing A Revolution; Don't Miss It by Ashraf Eassa • Comment!
- Hortons Hears A Hedge Fund by Wealthcompound • Comment!
- Why Doctors Can Prescribe Arena's Belviq For Off Label Uses Without Worrying About Legal Liability by Jacob Smith • 5 Comments
- Online Business And Rejuvenated Anthropologie Brand Bolster Urban Outfitters' Results by Trefis • Comment!
- Cisco Is Using Its Balance Sheet Constructively by Philip Mause • 2 Comments