Seeking Alpha

Jim Van Meerten's  Instablog

Jim Van Meerten
Send Message
Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended... More
My company:
Marketocracy Capital Management
My blog:
Barchart Portfolio Blogs
  • Barchart Mornng Call 7/30 0 comments
    Jul 30, 2013 12:20 PM | about stocks: MRK, AET, PFE, NYX, MAS, MTW, PRE, CYH, SPN, EEP, HLF, RRD, APC, ESRX, CZR, TXRH, OXY, NLSN, PBI, GLW, CMI, ROK, ECL, ETR, ESV, NEE, GT, NOV, HCP, FIS, DISCA, XYL, COH, WU, PEG, HIG, EQR, AFL, OKE, BXP, GNW, AMGN, FISV, KIM, SYMC
    Barchart Morning Call

    BC - Tue Jul 30, 6:43AM CDT

     

    • Article
    • Comments (0)

    OVERNIGHT MARKETS AND NEWS
    September E-mini S&Ps (ESU13 +0.25%) this morning are up +0.22% and European stocks are up +0.54% as positive Q2 stock earnings results buoy stocks. Asian stocks closed mostly higher: Japan +1.53%, Hong Kong +0.48%, China +0.62%, Taiwan +0.98%, Australia +0.02%, Singapore +0.26%, South Korea +0.91%, India -1.25%. European stocks also found support on an increase in Eurozone July economic confidence and Japanese stocks gained after the Japan Jun unemployment rate fell to a 4-1/2 year low. Chinese stocks rose after the PBOC added 17 billion yuan ($2.8 billion) to the financial system using reverse repos for the first time in 5 months. Commodity prices are mixed. Sep crude oil (CLU13 -0.63%) is down -0.56%. Sep gasoline (RBU13 -0.02%) is up +0.06%, Aug gold (GCQ13 -0.40%) is down -0.48%, and Sep copper (HGU13 -1.38%) is down -1.17% at a 2-1/2 week low. Agricultural prices are higher. The dollar index (DXY00 +0.05%) is up +0.09%. EUR/USD (^EURUSD) is up +0.08% and USD/JPY (^USDJPY) is down -0.03%. September T-note prices (ZNU13 -0.05%) are down -3 ticks.
    Eurozone July economic confidence rose +1.2 from Jun to 92.5, right on expectations, and the July business climate indicator rose +0.14 from Jun to -0.53, close to expectations of -0.54, and both at their highest levels in 1-1/4 years.
    German Aug GfK consumer confidence rose +0.2 to 7.0, better than expectations of +0.1 to 6.9 and its highest in 5-3/4 years.
    The Japan Jun jobless rate fell -0.2 to 3.9%, better than expectations of -0.1 to 4.0% and the lowest in 4-1/2 years. The Jun job-to-applicant ratio rose +0.2 to 0.92, better than expectations of +0.1 to 0.91 and the highest in 5 years.
    Japan Jun industrial production fell -3.3% m/m and -4.8% y/y, weaker than expectations of -1.5% m/m and -2.6% y/y, with the -3.3% m/m drop the biggest monthly decline in 2-1/4 years,.
    Japan Jun overall household spending unexpectedly fell for a second month as it dropped -0.4% y/y, weaker than expectations of a +1.4% y/y increase.
    Australia's 2-year government bond yields fell to a 2-year low of 2.33% and the Australian dollar fell to a 2-week low of 90.53 cents, just above a 3-year low, after RBA Governor Stevens said the inflation outlook provides room for lower interest rates if required.

    U.S. STOCK PREVIEW
    Today's May CaseShiller composite-20 home price index is expected to show a strong increase of +1.4% m/m, adding to the +1.7% m/m increase seen in April. Today's July U.S. consumer confidence index from the Conference Board is expected to show a -0.1 point decline to 81.3, stalling after the surge of +7.1 points to the 5-1/3 year high of 81.4 seen in June. The FOMC today begins 2-day policy meeting. This is another very light week for conferences with Tuesday's JPMorgan Mexico CEO Conference, and Wednesday's Keefe, Bruyette & Woods Community Bank Investor Conference.
    There are 35 of the S&P 500 companies that report earnings today. Notable reports include NYSE Euronext (consensus 0.59), Occidental Petroleum (1.60), Pfizer (0.55), Nielsen (0.49), Pitney Bowes (0.44), Corning (0.31), Cummins (1.98), Rockwell Automation (1.39), Goodyear (0.48), Merck (0.82), Aetna (1.40), Coach (0.89), Waste Management (0.55), Aflac (1.51), Genworth (0.29), Amgen (1.74), Symantec (0.36).

    OVERNIGHT U.S. STOCK MOVERS
    Merk (MRK -0.31%) reported Q2 EPS of 84 cents, higher than consensus of 82 cents.
    Aetna (AET -2.01%) reported Q2 EPS of $1.52, stronger than consensus of $1.40.
    Pfizer (PFE +0.58%) reported Q2 EPS of 56 cents, higher than consensus of 55 cents.
    NYSE Euronext (NYX +0.24%) reported Q2 EPS of 63 cents, better than expectations of 59 cents.
    Masco (MAS -0.50%) reported Q2 EPS of 23 cents, stronger than consensus of 20 cents.
    Manitowoc (MTW +0.05%) reported Q2 adjusted EPS of 45 cents, better than consensus of 35 cents.
    PartnerRe (PRE +1.37%) reported Q2 EPS of 90 cents, lower than consensus of 94 cents.
    Community Health (CYH +5.90%) reported Q2 EPS of 32 cents, weaker than consensus of 33 cents.
    Superior Energy (SPN -3.60%) reported Q2 EPS of 43 cents, lower than consensus of 45 cents.
    Enbridge Energy Partners (EEP -0.46%) reported Q2 adjusted EPS of 13 cents, weaker than consensus of 23 cents.
    Herbalife (HLF +3.63%) rose nearly 6% in after-hours trading after it reported Q2 adjusted EPS $1.41, stronger than consensus of $1.18 and raised its fiscal 2013 adjusted EPS view to $4.83-$4.95 from $4.60-$4.80, stronger than consensus of $4.80.
    R.R. Donnelley (RRD +3.17%) rose over 2% in after-hours trading after it reported Q2 EPS of 45 cents, higher than consensus of 42 cents.
    Anadarko (APC +0.16%) reported Q2 adjusted EPS of $1.05, well ahead of consensus of 91 cents.
    Express Scripts (ESRX -1.08%) reported Q2 EPS of $1.12, better than consensus of $1.10 and raised its fiscal 2013 EPS view to $4.26-$4.34 from $4.23-$4.33, higher than consensus of $4.30.
    Caesar's Entertainment (CZR +0.65%) reported a Q2 EPS loss of -$1.69, larger than consensus of a -$1.57 loss.
    Texas Roadhouse (TXRH -0.17%) reported Q2 EPS of 28 cents, weaker than consensus of 29 cents.

    MARKET COMMENTS
    Sep E-mini S&Ps (ESU13 +0.25%) this morning are uo +3,75 points (+0.22%). The S&P 500 index on Monday closed lower on concern a slowdown in China's economy will drag down global growth as well. China Jun industrial profit growth fell to +6.3% y/y from May's +15.5% y/y while China's State Council ordered a review of state borrowings amid concern potential bad debts may weigh on the economy. A supportive factor was the the smaller-than-expected drop in U.S. Jun pending home sales (-0.4% m/m vs. expectations of -1.0% m/m). Closes: S&P 500-0.37%, Dow Jones -0.24%, Nasdaq 100 -0.24%.
    Sep 10-year T-notes (ZNU13 -0.05%) this morning are down -3 ticks. Sep 10-year T-note prices on Monday closed lower on the stronger-than-expected U.S. Jun pending home sales and on some concern that Wednesday's post-meeting statement could be a bit more hawkish. T-notes received support from increased safe-haven demand with the sell-off in stocks. Closes: TYU3 -5.-, FVU3 -2.5.
    The dollar index (DXY00 +0.05%) this morning is up +0.072 (+0.09%). EUR/USD (^EURUSD) is up +0.0010 (+0.08%) and USD/JPY (^USDJPY) is down -0.03 (-0.03%). The dollar index on Monday recovered from a 5-week low and closed higher after stocks fell, which boosted the safe-haven demand for the dollar. Another positive for the dollar was the stronger-than-expected U.S. Jun pending home sales. Closes: Dollar index +0.013 (+0.02%), EUR/USD +0.0002 (+0.02%), USD/JPY -1.08 (-1.09%).
    Sep WTI crude oil (CLU13 -0.63%) this morning is down -59 cents (-0.56%) and Sep gasoline (RBU13 -0.02%) is up +0.0017 (+0.06%). Sep crude oil and gasoline prices on Monday settled lower. Bearish factors included (1) the National Weather Service's downgrade for Tropical Storm Dorian to a tropical wave, which reduces the chance that it might strengthen and threaten the Gulf of Mexico, and (2) Chinese economic concerns after China's State Council ordered a review of state borrowings amid concern potential bad debts may weigh on the economy. Supportive factors included (1) concern the civil unrest in Egypt may escalate and threaten global shipments of crude through the Suez Canal, and (2) the early slide in the dollar index to a 5-week low. Closes: CLU3 -0.15 (-0.14%), RBU3 -0.0211 (-0.70%).

    GLOBAL EVENT CALENDAR07/30/2013

    US0900 ETMay S&P/CaseShiller composite-20 home price index expected +1.4% m/m and +12.4% y/y, Apr +1.7% m/m and +12.1% y/y.
     1000 ETJuly U.S. consumer confidence (Conference Board) expected -0.1 to 81.3, Jun +7.1 to 81.4.
     1100 ETFOMC begins 2-day policy meeting.
     1630 ETAPI weekly U.S. oil statistics.
    JPN0000 ETJapan Jun vehicle production, May -6.2% y/y.
     1915 ETJapan July Markit/JMMA manufacturing PMI, Jun 52.3.
     2130 ETJapan Jun labor cash earnings expected +0.2% y/y, May -0.1% y/y.
    GER0200 ETGerman Aug GfK consumer confidence index expected 6.9, July 6.8.
     0800 ETGerman July CPI (EU harmonized) expected +0.3% m/m and +1.8% y/y, Jun +0.1% m/m and +1.9% y/y.
    UK0430 ETUK July Lloyds business barometer, Jun 36.
     1901 ETUK July BRC shop price index, Jun -0.2% y/y.
     1905 ETUK July GfK consumer confidence survey expected -19, Jun -21.
    EUR0500 ETEurozone Jul economic confidence expected 92.5, Jun 91.3. July business climate indicator expected -0.54, Jun -0.68.
     0500 ETRevised Eurozone July consumer confidence expected unrevised at -17.4.

    U.S. STOCK CALENDAR07/30/2013

     

     

    Company NameSymbolTimeEvent DescriptionPeriodEPS Est (US$)
    NYSE EuronextNYX US2:30www.nyx.com/en/investor-relationsQ2 20130.585
    Occidental Petroleum CorpOXY USBef-mktwww.media-server.com/m/acs/d509bfe2ab8dbc32876aa7cb7b8b7105Q2 20131.6
    MeadWestvaco CorpMWV USBef-mktwww.media-server.com/m/acs/b6e403735247c4eaeb4e97e66d9307f5Q2 20130.275
    Pfizer IncPFE USBef-mktwww.visualwebcaster.com/event.asp?id=94665Q2 20130.55
    Nielsen Holdings NVNLSN USBef-mktservices.choruscall.com/links/nlsn130730.htmlQ2 20130.488
    Pitney Bowes IncPBI USBef-mktedge.media-server.com/m/p/rofj3fer/lan/enQ2 20130.443
    Corning IncGLW USBef-mktinvestor.shareholder.com/corning/eventde...?EventID=131922Q2 20130.307
    Cummins IncCMI USBef-mktwww.media-server.com/m/acs/b740fcc16c5f509b1ec0d5dfdad44812Q2 20131.984
    Rockwell Automation IncROK USBef-mktedge.media-server.com/m/p/chugtj8p/lan/enQ3 20131.385
    Ecolab IncECL USBef-mktinvestor.ecolab.com/eventdetail.cfm?eventid=132011Q2 20130.842
    Entergy CorpETR USBef-mktinvestor.shareholder.com/entergy/eventde...?eventid=131253Q2 20131.147
    Ensco PLCESV USBef-mktwww.enscoplc.com/Investors/Presentations....aspxQ2 20131.478
    NextEra Energy IncNEE USBef-mktwww.investor.nexteraenergy.com/phoenix.z...;EventId=4989930Q2 20131.282
    Goodyear Tire & Rubber Co/TheGT USBef-mktinvestor.goodyear.com/eventdetail.cfm?eventid=132431Q2 20130.479
    National Oilwell Varco IncNOV USBef-mktwww.media-server.com/m/acs/6a270ed5a06457ed6d23e0ca8da0357dQ2 20131.334
    HCP IncHCP USBef-mktwww.media-server.com/m/acs/7ad58e72abbb6172bfb25f64057d2da3Q2 20130.735
    Fidelity National Information Services IncFIS USBef-mktedge.media-server.com/m/p/xhcv6i4y/lan/enQ2 20130.702
    Merck & Co IncMRK USBef-mktedge.media-server.com/m/p/4vqo36qp/lan/enQ2 20130.821
    Aetna IncAET US6:00www.media-server.com/m/acs/f90b576965eee6f59d432ef4e00a5a75Q2 20131.403
    Harris CorpHRS US6:30harris.com/investors/webcasts.aspxQ4 20131.149
    Discovery Communications IncDISCA US7:00ir.corporate.discovery.com/phoenix.zhtml...-irhomeQ2 20130.905
    Xylem Inc/NYXYL US7:00edge.media-server.com/m/p/p6x97pp5/lan/enQ2 20130.443
    Coach IncCOH US7:00www.media-server.com/m/acs/d2df8699e4cfb481bdfeebcc8349b415Q4 20130.89
    Western Union Co/TheWU US7:00ir.westernunion.com/investor-relations/d....aspxQ2 20130.34
    Public Service Enterprise Group IncPEG US7:30edge.media-server.com/m/p/zvdira2u/lan/enQ2 20130.452
    Waste Management IncWM US7:30www.media-server.com/m/acs/ea08f09e4a4c7c04b16d8bf0a74f77a2Q2 20130.548
    Pitney Bowes IncPBI US8:00edge.media-server.com/m/p/rofj3fer/lan/enQ2 2013 
    NYSE EuronextNYX US8:00www.nyx.com/en/investor-relationsQ2 2013 
    Masco CorpMAS US8:00investor.masco.com/investor-relations/pr....aspxQ2 2013 
    Eastman Chemical CoEMN US8:00edge.media-server.com/m/p/49qeetcf/lan/enQ2 2013 
    Merck & Co IncMRK US8:00edge.media-server.com/m/p/4vqo36qp/lan/enQ2 2013 
    Discovery Communications IncDISCA US8:30ir.corporate.discovery.com/phoenix.zhtml...-irhomeQ2 2013 
    Nielsen Holdings NVNLSN US8:30services.choruscall.com/links/nlsn130730.htmlQ2 2013 
    Corning IncGLW US8:30investor.shareholder.com/corning/eventde...?EventID=131922Q2 2013 
    Rockwell Automation IncROK US8:30edge.media-server.com/m/p/chugtj8p/lan/enQ3 2013 
    Coach IncCOH US8:30www.media-server.com/m/acs/d2df8699e4cfb481bdfeebcc8349b415Q4 2013 
    Western Union Co/TheWU US8:30ir.westernunion.com/investor-relations/d....aspxQ2 2013 
    Express Scripts Holding CoESRX US8:30phx.corporate-ir.net/phoenix.zhtml?c=696...-investorinfoQ2 2013 
    Harris CorpHRS US8:30harris.com/investors/webcasts.aspxQ4 2013 
    Fidelity National Information Services IncFIS US8:30edge.media-server.com/m/p/xhcv6i4y/lan/enQ2 2013 
    Aetna IncAET US8:30www.media-server.com/m/acs/f90b576965eee6f59d432ef4e00a5a75Q2 2013 
    Northeast UtilitiesNU US9:00www.nu.com/investors/webcasts/2013_Q2_results.aspQ2 2013 
    Anadarko Petroleum CorpAPC US9:00edge.media-server.com/m/p/a99747sh/lan/enQ2 2013 
    Xylem Inc/NYXYL US9:00edge.media-server.com/m/p/p6x97pp5/lan/enQ2 2013 
    Hartford Financial Services Group IncHIG US9:00edge.media-server.com/m/p/ie27i2tz/lan/enQ2 2013 
    NextEra Energy IncNEE US9:00www.investor.nexteraenergy.com/phoenix.z...;EventId=4989930Q2 2013 
    Goodyear Tire & Rubber Co/TheGT US9:00investor.goodyear.com/eventdetail.cfm?eventid=132431Q2 2013 
    National Oilwell Varco IncNOV US9:00www.media-server.com/m/acs/6a270ed5a06457ed6d23e0ca8da0357dQ2 2013 
    Equity ResidentialEQR USAft-mktevent.on24.com/eventRegistration/EventLo...;sourcepage=registerQ2 20130.707
    Aflac IncAFL USAft-mktwww.aflac.com/investors/calendar.aspxQ2 20131.514
    ONEOK IncOKE USAft-mktedge.media-server.com/m/p/pq9u64pn/lan/enQ2 20130.283
    Boston Properties IncBXP USAft-mktedge.media-server.com/m/p/ohrcdjo7/lan/enQ2 20131.273
    Genworth Financial IncGNW USAft-mktinvestor.shareholder.com/media/eventdeta...;mediaKey=DE2C752453F5FE1F42E477EE337AE5DDQ2 20130.294
    Amgen IncAMGN USAft-mktedge.media-server.com/m/p/pjezmkvd/lan/enQ2 20131.743
    Fiserv IncFISV USAft-mktinvestors.fiserv.com/eventdetail.cfm?eventid=131825Q2 20131.442
    Kimco Realty CorpKIM USAft-mktinvestors.kimcorealty.com/CorporateProfi...?iid=102965Q2 20130.334
    Symantec CorpSYMC USAft-mktedge.media-server.com/m/p/32vm8grc/lan/en

    Stocks: MRK, AET, PFE, NYX, MAS, MTW, PRE, CYH, SPN, EEP, HLF, RRD, APC, ESRX, CZR, TXRH, OXY, NLSN, PBI, GLW, CMI, ROK, ECL, ETR, ESV, NEE, GT, NOV, HCP, FIS, DISCA, XYL, COH, WU, PEG, HIG, EQR, AFL, OKE, BXP, GNW, AMGN, FISV, KIM, SYMC
Back To Jim Van Meerten's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.