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MARKET CURRENTS

  • 9:15 AM Market preview: Stock futures are off early lows following a durable goods report that was stronger than expected, but remain on the defensive amid uncertainty over the Fed's future course. S&P -0.6%. Investors may be inclined to book profits ahead of the long weekend, and Japan's volatile session adds to the sense of unease. Sears and ANF are lower after deep Q1 losses; P&G +3.8% after a change at the top. Comment!
  • 9:15 AM Shares of Intuitive Surgical (ISRG) look set to post solid gains for a second straight day after a jury determined the company was not negligent in its training of surgeons. The $8.45M civil suit revolved around one Fred Taylor who passed away four years after having his prostate removed by ISRG's da Vinci robot. Shares +3.67% premarket. Comment! [Healthcare, On the Move]
  • 9:10 AM Premarket gainers: BLOX +17%. IOC +15%. YGE +13%. P +11%. MRVL +5%.
    Losers: DF -52%. SHLD -16%. AVEO -15%. RSOL -13%. TITN -11%. APPY -7%. ANF -7%. CRM -5%. 1 Comment [On the Move]
  • 9:06 AM After spending years and billions eliminating their hedge books, gold producers (GDX) may need to return to their old habit - selling production forward - thanks to the metal's (GLD) sharp decline. "We think producers are under pressure to put on hedging," says SocGen's Robin Bhar. "The problem is it needs a cultural change ... Guys who used to hedge have lost their jobs." Renewed producer selling could put even more pressure on prices. Comment! [Commodities]
  • 9:04 AM Stocks in the Philippines (EPHE) add 0.62% to yesterday's losses, bringing Thursday/Friday's decline to 1.6%, erasing Tuesday/Wednesday's combined gains entirely (I, II). Indonesian equities (IDX) rise 0.66% as the JCI closes the week at 5,155, down 1.1% from Monday's close (See: IDX rises on new Fin. Min.). Elsewhere in the region, Vietnamese stocks (VNM) rise 0.41% and Thailand, Malaysia, and Singapore are closed for a local holiday. Comment! [Global & FX]
  • 9:02 AM Gardner Denver (GDI) declares $0.05/share quarterly dividend, in line with previous. Forward yield 0.27%. For shareholders of record June 11. Payable June 25. Ex-div date June 7. (PR) Comment! [Dividends]
  • 9:00 AM On the hour: S&P -0.48%. 10-yr +0.1%. Euro -0.01% vs. dollar. Crude -0.71% to $93.59. Gold -0.09% to $1390.55. Comment!
  • 8:58 AM News Corp. (NWS, NWSA) says its board of directors formally approved the split of the company into two entities to be called 21st Century Fox and the new News Corporation. After the separation, the new News Corp. will be have an authorization to buy back $500M in stock in its back pocket. A rights agreement was also adopted to protect shareholder interests. NWS +0.6% premarket. (PR) Comment! [Consumer]
  • 8:58 AM CoreSite Realty Corporation (COR) declares $0.27/share quarterly dividend, in line with previous. Forward yield 3.16%. For shareholders of record June 28. Payable July 15. Ex-div date June 26. (PR) Comment! [Dividends]
  • 8:57 AM Whiting Petroleum (WLL) is upgraded to Buy from Neutral with a $58 price target, up from $51, at SunTrust, due to valuation and upcoming catalysts that include results from its first Bakken Silt and Sanish down-spacing tests, Niobrara results and potential monetization of its Potle EOR field. Shares +1.5% premarket. Comment! [Energy, Quick Ideas, On the Move]
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TOP ARTICLES9:18 AM ET FRIDAY MAY 24
DIA -0.07%
SPY -0.33%
QQQ -0.24%
GLD 2.01%
ETF Movers
CAD PIMCO Canada Bond Index ETF 0.94%
AUNZ WisdomTree Australian & New Zealand Debt ETF 0.70%

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