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Proprietary Trading Morning Market Update July 18 2013

S&P 500 Rises to Record on Jobless Claims Data, Earnings. U.S. stocks rose, sending the Standard & Poor's 500 index to an intraday record, amid better-than-estimated earnings and jobless claims as investors weighed testimony from Federal Reserve Chairman Ben Bernanke.

Global shares hit record highs as Bernanke speaks, yen drops. Stock markets around the world extended their rally on Thursday as investors felt reassured the Federal Reserve would unwind stimulus measures with care, while the yen and the euro fell.

Pre-Market Activity:

$SPY +0.26%

$VXX -1%

 

$TLT -0.10%

$UUP +0.27%

$USO +0.03%

$UNG +0.49%

$GLD +0.79%

$SLV +1.29%

Click to enlarge

Early Movers:

$XLNX (Tops Q1 estimates) +4%

$UNH (Beat Q2 est; reaffirms FY13) +1.8%

$IBM (Raises FY outlook) +2%

Click to enlarge

Proprietary Trading Economic Calendar:

Date

Time (NYSE:ET)

Statistic

For

Actual

Briefing Forecast

Market Expects

Prior

Revised From

18-Jul

8:30 AM

Initial Claims

13-Jul

334K

345K

348K

358K

360K

18-Jul

8:30 AM

Continuing Claims

6-Jul

3114K

2960K

2950K

3023K

2977K

18-Jul

10:00 AM

Philadelphia Fed

Jul

19.8

3

5.3

12.5

--

18-Jul

10:00 AM

Leading Indicators

Jun

0.00%

0.20%

0.30%

0.20%

0.10%

18-Jul

10:30 AM

Natural Gas Inventories

13-Jul

58 bcf

NA

NA

82 bcf

 
                 
Click to enlarge

Proprietary Trading Earnings Announcements:

 

 

Company

Symbol

EPS

Time

Add to My

Conference

Estimate*

Calendar

Call

Acacia Research Corp

ACTG

0.47

4:00 pm ET

Add

Listen

Actelion Ltd

ATLN.VX

N/A

01:00 am ET

Add

 

ADVA AG Optical Networking

ADV.F

N/A

Time Not Supplied

Add

 

Advanced Micro Devices Inc

AMD

-0.13

After Market Close

Add

Listen

AEHR Test Systems

AEHR

N/A

After Market Close

Add

 

Akzo Nobel NV

AKZA.AS

N/A

01:00 am ET

Add

 

Alfa Laval AB

ALFA.ST

N/A

02:30 am ET

Add

 

Align Technology Inc

ALGN

0.28

After Market Close

Add

 

American River Bankshares

AMRB

0.07

Before Market Open

Add

 

Amphenol Corp

APH

0.94

Before Market Open

Add

Listen

AMR Corp

AAMRQ

0.77

Before Market Open

Add

 

Arbuthnot Banking Group PLC

ARBB.L

N/A

Time Not Supplied

Add

 

Aspiro AB

ASP.ST

N/A

Time Not Supplied

Add

 

Associated Banc-Corp

ASBC

0.26

After Market Close

Add

 

athenahealth Inc

ATHN

0.22

After Market Close

Add

Listen

AutoNation Inc

AN

0.73

Before Market Open

Add

Listen

B&G Foods Inc

BGS

0.35

After Market Close

Add

Listen

Banco Latinoamericano de Comercio Exterior SA

BLX

0.62

Before Market Open

Add

 

Bank Danamon Indonesia Tbk PT

BDMN.JK

N/A

Time Not Supplied

Add

 

Baxter International Inc

BAX

1.13

Before Market Open

Add

Listen

BB&T Corp

BBT

0.74

Before Market Open

Add

 

BillerudKorsnas publ AB

BILL.ST

N/A

04:00 am ET

Add

 

Blackhawk Network Holdings Inc

HAWK

0.11

Before Market Open

Add

 

BlackRock Inc

BLK

3.82

Before Market Open

Add

Listen

Blackstone Group LP

BX

0.49

Before Market Open

Add

 

Bolsa Mexicana de Valores SAB de CV

BOLSAA.MX

0.32

After Market Close

Add

 

Bourse Direct SA

BSD.PA

N/A

Before Market Open

Add

 

Bringwell AB

BWL.ST

N/A

Time Not Supplied

Add

 

Capital One Financial Corp

COF

1.72

After Market Close

Add

Listen

CapitaRetail China Trust

AU8U.SI

N/A

Before Market Open

Add

 

Celanese Corp

CE

1.16

After Market Close

Add

 

Cepheid

CPHD

-0.04

After Market Close

Add

 

Check Point Software Technologies Ltd

CHKP

0.81

Before Market Open

Add

Listen

Chemed Corp

CHE

1.33

After Market Close

Add

Listen

Chemtura Corp

CHMT

0.34

Time Not Supplied

Add

 

Chipotle Mexican Grill Inc

CMG

2.81

After Market Close

Add

Listen

Cision AB

CSN.ST

N/A

02:30 am ET

Add

 

City National Corp

CYN

0.96

After Market Close

Add

Listen

CoBiz Financial Inc

COBZ

0.14

After Market Close

Add

 

Compagnie Maritime Belge SA

CMB.BR

N/A

Time Not Supplied

Add

 

Covanta Holding Corp

CVA

N/A

After Market Close

Add

 

Credit Foncier de Monaco SA

MLCFM.PA

N/A

Time Not Supplied

Add

 

Cubist Pharmaceuticals Inc

CBST

0.38

4:00 pm ET

Add

 

Curanum AG

BHS.F

N/A

Time Not Supplied

Add

 

Cypress Semiconductor Corp

CY

0.07

Before Market Open

Add

 

Cytec Industries Inc

CYT

1.18

After Market Close

Add

Listen

Danaher Corp

DHR

0.86

Before Market Open

Add

Listen

Dart Group PLC

DTG.L

N/A

Before Market Open

Add

 

Delticom AG

DEX.DE

N/A

Time Not Supplied

Add

 

Docdata NV

DOCD.AS

N/A

Time Not Supplied

Add

 

Dover Corp

DOV

1.28

07:00 am ET

Add

Listen

Eastgroup Properties Inc

EGP

0.78

After Market Close

Add

 

Electronics For Imaging Inc

EFII

0.35

After Market Close

Add

 

Fairchild Semiconductor International Inc

FCS

0.08

Before Market Open

Add

 

Fidelity Southern Corp

LION

0.31

Time Not Supplied

Add

 

Fifth Third Bancorp

FITB

0.42

Before Market Open

Add

Listen

First Financial Bankshares Inc

FFIN

0.61

After Market Close

Add

 

Fonciere Developpement Logements FDL SA

FDL.PA

N/A

Time Not Supplied

Add

 

Forward Air Corp

FWRD

0.53

After Market Close

Add

Listen

Frequency Electronics Inc

FEIM

N/A

Time Not Supplied

Add

 

GATX Corp

GMT

0.85

Before Market Open

Add

Listen

Genuine Parts Co

GPC

1.21

Before Market Open

Add

Listen

Glimcher Realty Trust

GRT

0.16

After Market Close

Add

 

Google Inc

GOOG

10.78

After Market Close

Add

 

Home BancShares Inc

HOMB

0.31

Before Market Open

Add

 

Home Loan Servicing Solutions Ltd

HLSS

0.46

Before Market Open

Add

 

Hub Group Inc

HUBG

0.49

After Market Close

Add

Listen

Huntington Bancshares Inc

HBAN

0.16

Before Market Open

Add

 

ICU Medical Inc

ICUI

0.66

After Market Close

Add

 

Insteel Industries Inc

IIIN

0.27

06:30 am ET

Add

 

Intuitive Surgical Inc

ISRG

4.04

After Market Close

Add

Listen

Johnson Controls Inc

JCI

0.75

Before Market Open

Add

Listen

Keppel Corporation Ltd

BN4.SI

0.23

Time Not Supplied

Add

 

KeyCorp

KEY

0.2

Before Market Open

Add

 

Kimberly-Clark de Mexico SAB de CV

KIMBERA.MX

0.4

After Market Close

Add

 

Kumho Petro Chemical Co Ltd

         

LG Display Co Ltd

         

Mapletree Logistics Trust

M44U.SI

N/A

After Market Close

Add

 

Marriott Vacations Worldwide Corp

VAC

0.48

Before Market Open

Add

 

Matthews International Corp

MATW

0.72

After Market Close

Add

 

Microsoft Corp

MSFT

0.75

After Market Close

Add

 

Morgan Stanley

MS

0.43

07:15 am ET

Add

 

Mwana Africa PLC

MWA.L

N/A

Time Not Supplied

Add

 

Myers Industries Inc

MYE

0.21

07:30 am ET

Add

 

NetScout Systems Inc

NTCT

0.17

Before Market Open

Add

Listen

Norsk Hydro ASA

NHY.OL

N/A

01:00 am ET

Add

 

Norske Skogindustrier ASA

NSG.OL

N/A

01:00 am ET

Add

 

Nucor Corp

NUE

0.3

Before Market Open

Add

 

OceanFirst Financial Corp

OCFC

0.28

After Market Close

Add

 

Omnicom Group Inc

OMC

1.08

Before Market Open

Add

Listen

OpSec Security Group PLC

OSG.L

N/A

Before Market Open

Add

 

Orbital Sciences Corp

ORB

0.23

Before Market Open

Add

Listen

Orkla ASA

ORK.OL

N/A

01:00 am ET

Add

 

Overstock.com Inc

OSTK

0.12

Before Market Open

Add

Listen

People's United Financial Inc

PBCT

0.19

4:00 pm ET

Add

Listen

Philip Morris International Inc

PM

1.41

07:00 am ET

Add

Listen

Pool Corp

POOL

1.4

Before Market Open

Add

Listen

Popular Inc

BPOP

0.68

Before Market Open

Add

Listen

Powerland AG

1PL.DE

N/A

Time Not Supplied

Add

 

PPG Industries Inc

PPG

2.35

Before Market Open

Add

Listen

Precise Biometrics AB

PREC.ST

N/A

Time Not Supplied

Add

 

Premiere Global Services Inc

PGI

0.2

After Market Close

Add

 

PrivateBancorp Inc

PVTB

0.34

Before Market Open

Add

 

Publicis Groupe SA

PUB.PA

N/A

Time Not Supplied

Add

Listen

Quest Diagnostics Inc

DGX

1.09

Before Market Open

Add

Listen

Rambus Inc

RMBS

-0.12

After Market Close

Add

 

Redstone PLC

RED.L

N/A

Time Not Supplied

Add

 

Renewable Energy Corp ASA

REC.OL

N/A

01:00 am ET

Add

 

Rottneros AB

RROS.ST

N/A

Time Not Supplied

Add

 

Safeway Inc

SWY

0.51

Before Market Open

Add

Listen

Sandy Spring Bancorp Inc

SASR

0.39

Time Not Supplied

Add

 

SAP AG

SAP.DE

N/A

Before Market Open

Add

 

Scholastic Corp

SCHL

0.82

Before Market Open

Add

 

SEI Investments Co

SEIC

0.34

Before Market Open

Add

Listen

Sherwin-Williams Co

SHW

2.59

Before Market Open

Add

 

Shoppers Drug Mart Corp

SC.TO

0.72

Before Market Open

Add

 

Sify Technologies Ltd

SIFY

N/A

Before Market Open

Add

 

Simmons First National Corp

SFNC

0.4

Before Market Open

Add

 

Six Flags Entertainment Corp

SIX

0.53

Before Market Open

Add

Listen

Skyworks Solutions Inc

SWKS

0.53

After Market Close

Add

Listen

Sligro Food Group NV

SLIGR.AS

N/A

Time Not Supplied

Add

 

Snap-On Inc

SNA

1.45

Before Market Open

Add

Listen

Sonoco Products Co

SON

0.58

Before Market Open

Add

Listen

Sports Direct International PLC

SPD.L

N/A

Before Market Open

Add

 

Stryker Corp

SYK

1.03

Before Market Open

Add

Listen

SUPERVALU Inc

SVU

0.06

Before Market Open

Add

Listen

Swedish Orphan Biovitrum publ AB

SOBI.ST

N/A

02:00 am ET

Add

 

Syntel Inc

SYNT

1.06

Before Market Open

Add

 

Taiwan Semiconductor Manufacturing Co Ltd

2330.TW

N/A

Time Not Supplied

Add

 

Tomra Systems ASA

TOM.OL

N/A

01:30 am ET

Add

 

Travelzoo Inc

TZOO

0.27

Before Market Open

Add

 

Ultratech Inc

UTEK

0.04

Before Market Open

Add

 

Union Pacific Corp

UNP

2.35

Before Market Open

Add

 

UnitedHealth Group Inc

UNH

1.25

Before Market Open

Add

 

Verizon Communications Inc

VZ

0.72

07:30 am ET

Add

Listen

Villeroy & Boch AG

VIB3.DE

N/A

Time Not Supplied

Add

 

Washington Federal Inc

WAFD

0.33

After Market Close

Add

 

Watsco Inc

WSO

1.4

Before Market Open

Add

Listen

Western Alliance Bancorporation

WAL

0.27

After Market Close

Add

 

Westwood Holdings Group Inc

WHG

N/A

After Market Close

Add

 

Zhejiang Jingxin Pharmaceutical Co Ltd

002020.SZ

N/A

After Market Close

Add

 

Ziggo NV

ZIGGO.AS

N/A

Time Not Supplied

Add

Listen

Zoo Digital Group PLC

ZOO.L

N/A

Time Not Supplied

Add

 
Click to enlarge

Unusual Options Activity:

IBM- IBM is set to announce Q2 earnings after the bell tonight. Analysts are looking for $3.77 in EPS and revenue of $25.3 billion. The options market is implying a $8.20 move, or 4.23%, in either direction. Put to call ratio in the July options is in favor of the bears at 1.86.

INTC- Another large cap tech to report earnings tonight is Intel. Analysts are looking for $0.39 in EPS and revenue of $12.9 billion. Options traders are pricing in a $0.98 move, or 4.05%, in either direction. The put to call ratio in the July options is currently 1.10.

KWK- Over 3,500 Sep. $2 callls were bought for $0.15-$0.20 each, against open interest of 3,424 contracts. Quicksilver Resources shares are down 1.78% today.

VALE- More than 6,500 Dec. $20 calls were purchased for $0.10-$0.13 each, against open interest of 5,038 contracts. Shares of (NYSE:VALE) are at one month highs, currently up 3% in today's session.

AAPL- Apple shares are flat on the day, trading right at the $430 resistance level. The call to put ratio in the July options is 1.61, led by activity in the July $430 and $435 calls.

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