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Proprietary Trading Morning Market Update June 20 2013

Top Economic News:

Wall St. falls at open after Bernanke remarks on Wednesday. Stocks fell at the open on Thursday, adding to a more than 1 percent drop a day earlier after remarks by Federal Reserve Chairman Ben Bernanke who outlined the start of a wind-down of stimuli that has been instrumental to the market's rally.

Ben Bernanke's power over your money. Ben Bernanke scared stock investors on Wednesday when he said the Federal Reserve may start slowing its economic stimulus program later this year, but what does it mean for borrowers and savers?

New Concerns About Chinese Growth. China's factories are faltering again, pointing to slowing growth in the world's second-biggest economy.

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Pre-Market Activity:

$SPY -0.72%

$VXX +2.90%

$TLT -0.77%

$UUP +0.68%

$USO-1.35%

$UNG -1.43%

$GLD -3.44%

$SLV -5.58%

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Early Movers:

$MU -3.36%

$RHT +3.85%

$SSYS +4.02%

$EBIX -45.54%

$SSRI -4.30%

$RPRX +4.90%

$DEO -3.08%

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Proprietary Trading Economic Calendar:

Date

Time (NYSE:ET)

Statistic

For

Actual

Briefing Forecast

Market Expects

Prior

Revised From

20-Jun

8:30 AM

Initial Claims

15-Jun

354K

345K

340K

336K

334K

20-Jun

8:30 AM

Continuing Claims

8-Jun

2951K

2975K

2967K

2991K

2973K

20-Jun

10:00 AM

Existing Home Sales

May

5.18M

4.95M

5.00M

4.97M

-

20-Jun

10:00 AM

Philadelphia Fed

Jun

12.5

2

-0.2

-5.2

-

20-Jun

10:00 AM

Leading Indicators

May

0.10%

0.20%

0.20%

0.80%

0.60%

20-Jun

10:30 AM

Natural Gas Inventories

15-Jun

-

NA

NA

95 bcf

 

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Proprietary Trading Earnings Announcements:

 

Company

Symbol

EPS
Estimate*

Time

Add to My
Calendar

Conference
Call

7days Music Entertainment AG

7DM1.F

N/A

Time Not Supplied

Add

 

ADM Hamburg AG

OEL.F

N/A

Time Not Supplied

Add

 

American Software Inc

AMSWA

0.08

After Market Close

Add

 

Arena Agroindustrie Alimentari SpA

ARE.MI

N/A

Time Not Supplied

Add

 

Arena Agroindustrie Alimentari SpA

ARE.MI

N/A

Time Not Supplied

Add

 

Ashtead Group PLC

AHT.L

5.61

Before Market Open

Add

 

Avenir Telecom SA

AVT.PA

N/A

After Market Close

Add

 

Bankers Investment Trust PLC

BNKR.L

N/A

Time Not Supplied

Add

 

Centrosolar Group AG

C3O.DE

N/A

Time Not Supplied

Add

 

Centrosolar Group AG

C3O.DE

N/A

Time Not Supplied

Add

 

Daxor Corp

DXR

N/A

Time Not Supplied

Add

 

De Rouck Geomatics SA

ALROU.BR

N/A

Time Not Supplied

Add

 

Design Bau AG

D2B.DE

N/A

Time Not Supplied

Add

 

Dixons Retail PLC

DXNS.L

N/A

Before Market Open

Add

 

Dmail Group SpA

DMA.MI

N/A

Time Not Supplied

Add

 

Ecounion AG

KN1.DE

N/A

Time Not Supplied

Add

 

Gulf Keystone Petroleum Ltd

GKP.L

N/A

02:00 am ET

Add

 

IHS Inc

IHS

1.03

Before Market Open

Add

Listen

Image Scan Holdings PLC

IGE.L

N/A

Before Market Open

Add

 

Innelec Multimedia SA

INN.PA

N/A

After Market Close

Add

 

Ishaan Real Estate PLC

ISH.L

N/A

Time Not Supplied

Add

 

Kroger Co

KR

0.88

Before Market Open

Add

Listen

LJ International Inc

JADE

N/A

Time Not Supplied

Add

 

Methode Electronics Inc

MEI

0.15

Before Market Open

Add

 

Oracle Corp

ORCL

0.87

After Market Close

Add

 

Petrel Resources PLC

PET.L

N/A

Before Market Open

Add

 

Pier 1 Imports Inc

PIR

0.19

Before Market Open

Add

Listen

Rite Aid Corp

RAD

0.09

Before Market Open

Add

Listen

TIBCO Software Inc

TIBX

0.18

After Market Close

Add

 

Treveria PLC

TRV.L

N/A

Time Not Supplied

Add

 

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STOCK SPLITS:

 

Jun 11

Jun 12

Wabtec

WAB

Y

2-1

May 14

 

Jun 12

Jun 13

Home Bancshares

HOMB

Y

2-1

Apr 18

 
 

Jun 13

Saia

SAIA

Y

3-2

May 16

 

Jun 13

Jun 14

Saia

SAIA

Y

3-2

May 16

 

Jun 14

Jun 17

Marten Transport

MRTN

Y

3-2

May 13

 

Jun 19

Jun 20

Flowers Foods

FLO

Y

3-2

May 22

 

Jun 21

Jun 24

First Internet Bancorp

INBK

N

3-2

May 21

Add

 

Jun 24

Flowserve

FLS

Y

3-1

Feb 21

Add

Jun 26

Jun 27

Corvel

CRVL

N

2-1

May 17

Add

 

Jun 27

Six Flags

SIX

Y

2-1

May 08

Add

Jun 28

Jul 01

Cerner

CERN

Y

2-1

May 28

Add

 

Jul 01

MAXIMUS

MMS

Y

2-1

Apr 18

Add

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Yesterday's Unusual Options Activity:

$MU- Micron Technology will report Q3 earnings after the bell tonight. Analysts are looking for $0.02 in EPS and revenue of $2.2 billion. The options market is implying a $1.13 move, or 8.21%, in either direction. Call to put ratio in the June options is 1.33.

$RHT- Another big earnings report released tonight will come from Red Hat. Analysts are looking for $0.31 in EPS and revenue of $360 million. Options traders are pricing in a $3.60 move, or 7.73%, in either direction. The call to put ratio in the June options is currently 1.38.

$DFS- 3,600 June $48 calls were bought for $0.45-$0.75 each, against open interest of 2,579 contracts. Shares of Discover Financial Services are up 0.46% today.

$LO- Over 6k July $42.50 puts were purchased for up to $0.72 each, against open interest of 1,145 contracts. Lorillard shares are up 17% year to date.

$AAPL- Shares of Apple are down 1%, breaking through the $430 support level. The call to put ratio in the June options is 1.05, but the June $425 puts are the most active Apple option contract.

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