Seeking Alpha
  • Today - Friday, December 26, 2014

  • 5:00 PM
     
    • S&P +0.32%.
    • 10-yr flat.
    • Euro -0.37% vs. dollar.
    • Crude -1.33% to $55.10.
    • Gold +1.91% to $1,195.90.
    | Comment!
  • 4:44 PM
     
    • The Dow and S&P finished with modest gains on an unsurprisingly low-volume post-Christmas trading day. An overnight rally in Shanghai that followed the PBOC's efforts to relax lending rules helped set a positive tone, as did healthy holiday sales data.
    • Tech outperformed, with the Nasdaq closing up 0.7%. GoPro, 3D printing stocks, and a slew of other heavily-shorted names were among the standouts. Beaten-down gold and silver stocks also fared well, as precious metals bounced in response to the PBOC's actions.
    • Oil sold off; WTI crude has once more breached $55/barrel. Treasurys rose, with the 10-year yield falling 2 bps to 2.25%.
    | Comment!
  • 4:35 PM
    • Ossen Innovation (NASDAQ:OSN): Q3 EPS of $0.02.
    • Revenue of $27.9M (-16.0% Y/Y).
    • Press Release
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  • 4:25 PM
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  • 4:23 PM
    • Though most large-cap energy stocks closed the day with modest gains or losses, a slew of small-cap and mid-cap U.S. oil and gas plays sold off on a day that saw WTI crude once more fall below $55/barrel, and Henry Hub natural gas drop below $3/mmBtu for the first time since 2012, before bouncing a little.
    • Decliners: EXXI -4.4%. SGY -4.5%. HK -4.1%. EVEP -2.3%. NFX -3.2%. SDR -3.3%. SN -5.2%. SD -5.9%. LGCY -2.2%. CHKR -3.3%.
    | Comment!
  • 4:01 PM
     
    • Dow +0.13% to 18,053.97. S&P +0.33% to 2,088.70. Nasdaq +0.70% to 4,806.86.
    • Treasurys: 30-year +0.08%. 10-yr +0.02%. 5-yr +0.02%.
    • Commodities: Crude -1.63% to $54.93. Gold +1.85% to $1,195.20.
    • Currencies: Euro -0.39% vs. dollar. Yen +0.25%. Pound -0.02%.
    | Comment!
  • 3:34 PM
    | 5 Comments
  • 3:05 PM
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  • 3:04 PM
    • As a quick Twitter search demonstrates, plenty of GoPro (NASDAQ:GPRO) Hero cameras were bought as Christmas presents. Today, investors are the ones in a buying mood - both towards GoPro and video processor supplier Ambarella (NASDAQ:AMBA). The Nasdaq is up 0.9%.
    • Amazon stated this morning three GoPro products - the Hero4 Silver, the Hero4 Accessories Kit, and the headstrap mount/quick clip package - were its top-selling camera products this holiday season. GoPro cameras currently have four spots on Amazon's Camera & Photo top-10 bestseller list.
    • GPRO +29% on the week. Seven days ago, shares were making new 3-month lows.
    | Comment!
  • 3:00 PM
     
    • Dow +0.33%.
    • 10-yr +0.02%.
    • Euro -0.4% vs. dollar.
    • Crude -1.89% to $54.79.
    • Gold +1.71% to $1,193.60.
    | Comment!
  • 2:35 PM
    • Synacor (NASDAQ:SYNC) has blasted off on volume (1.45M shares) that's over 20x a 3-month daily average of 70K. Small-cap newsletter writer Sid Riggs has reportedly provided a favorable mention.
    • Activists JEC Capital and Ratio Capital have been pushing Synacor to put itself on sale. Synacor announced on Oct. 1 JEC/Ratio had "abandoned discussions" with the company.
    | Comment!
  • 2:06 PM
    • BCE (BCE +0.7%) and Rogers (RCI +1.1%) will each own 50% of Glentel following the closing of the BCE/Glentel deal. Rogers will pay half of BCE's purchase price in cash - BCE has committed to paying $594M for Glentel's equity, and assuming $78M in debt.
    • Following the purchase, Glentel will continue "operating as a standalone entity with independent management." The BCE/Glentel deal is still expected to close in Q1 2015.
    • Earlier: BCE, Rogers to jointly own Glentel's Canadian retail ops
    | Comment!
  • 2:00 PM
     
    • Dow +0.33%.
    • 10-yr +0.02%.
    • Euro -0.39% vs. dollar.
    • Crude -1.9% to $54.78.
    • Gold +1.84% to $1,195.10.
    | Comment!
  • 1:03 PM
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  • 1:00 PM
     
    • Dow +0.27%.
    • 10-yr flat.
    • Euro -0.42% vs. dollar.
    • Crude -0.86% to $55.36.
    • Gold +1.85% to $1,195.20.
    | Comment!
  • 12:49 PM
    • The Korea Times reports Goldman is thinking of taking a stake in Groupon's (NASDAQ:GRPN) Korean Ticket Monster deals site, acquired from Living Social a year ago for $260M. The paper adds Groupon "wants to sell at least a 20 percent stake and is also considering handing over managerial control, selling over half of its stake."
    • Groupon stated in October it's exploring options for its Asian ops (Ticket Monster included), and that it could benefit from having a partner in some markets. However, the company added it's not looking to fully unload Ticket Monster.
    • CEO Eric Lefkofsky on the Q3 CC (transcript): "Right now, we’re in 47 countries and we can’t invest in every country at the level that we would like to at all time ... [Ticket Monster] is growing faster than we thought. [It's] certainly growing faster than it was when we acquired it ... it has the potential to be the leader in e-commerce in Korea and we’re very focused on the long-term."
    • Shares at their highest levels since March.
    | Comment!
  • 12:48 PM
    • UnitedHealth Group (UNH -0.1%) reports Q4 and full-year results on January 21 before the open. The conference call will begin at 8:45 am.
    • Consensus revenue views for Q4 and 2014 are $33.1B and $130B, respectively.
    | Comment!
  • 12:32 PM
    • MasterCard Advisors estimates U.S. retail sales from Black Friday through Christmas Eve were up 5.5% Y/Y, in-line with prior forecasts. The figure follows consensus-beating Redbook and ICSC weekly retail sales data earlier this week.
    • For its part, the National Retail Federation has forecast low gas prices and healthy macro conditions will help U.S. November/December retail sales rise 4.1% Y/Y - the period's highest growth rate since 2011's 4.8%.
    • E-commerce continues taking share from traditional retail. IBM estimates holiday season online sales rose 8.3% Y/Y, with mobile accounting for 34.8% of sales; comScore sales from Nov. 1-Dec. 21 were up 15%. A year ago, Custora estimated U.S. holiday online orders rose 12%, with mobile accounting for 29% of them.
    • Globally, eMarketer forecasts retail sales will rise 6.1% this year to $22.5T, and 6.4% next year to $23.9T. E-commerce is expected to grow 22% this year to $1.3T, and 21% next year to $1.6T.
    • ETFs: XLP, XLY, VDC,VCR, RTH, RETL, FXG, PBJ, IYK, PEJ, FXD, IYC, FDIS, RHS, SCC, FSTA, UCC, PMR, PSL, UGE, RCD, PEZ, PSCC, PSCD, SZK
    | Comment!
  • 12:05 PM
    • Spectrum Pharmaceuticals (SPPI +0.9%) submits a New Drug Application (NDA) to the FDA seeking approval for Orphan Drug-designated Captisol-Enabled Melphalan (CE-Melphalan) for injection (propylene glycol-free) for the use as a high-dose conditioning treatment prior to hematopoietic progenitor (stem) cell transplantation in patients with multiple myeloma.
    • CE-Melphalan was developed by Ligand Pharmaceuticals (LGND +2.7%) and licensed to Spectrum in March 2013.
    • Among the benefits of Orphan Drug status is a seven-year period of market exclusivity if approved.
    | Comment!
  • 12:00 PM
     
    • Dow +0.26%.
    • 10-yr -0.01%.
    • Euro -0.41% vs. dollar.
    • Crude -1% to $55.28.
    • Gold +1.85% to $1,195.20.
    | Comment!
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