Proprietary Trading Morning Market Update July 22 2013

Jul. 22, 2013 11:55 AM ET

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U.S. Stocks Fluctuate as Investors Watch Earnings, Data. U.S. stocks fluctuated, after the Standard & Poor's 500 Index climbed to a record, as investors analyzed data on house sales and earnings from companies including McDonald's Corp.

BofA to Goldman Lead Tsunami of Bank Bond Sales: Credit Markets. Banks around the world are stepping up bond sales, with lenders from Bank of America Corp. to Goldman Sachs Group Inc. (GS) accounting for the biggest share of dollar-denominated investment-grade deals in two years.

Pre-Market Activity:

$SPY +0.15%

$VXX -0.25%

$TLT +0.17%

$UUP -0.27%

$USO +0.1%

$UNG -2.3%

$GLD +2.3%

$SLV +4.24%

Early Movers:

$MCD (Misses Q2 EPS est) -2.3%

$HIMX (Investment stake from $GOOG) +36%

$NOK (Downgraded at $OPY) -1%

Proprietary Trading Economic Calendar:

Date	Time (ET)	Statistic	For	Actual	Briefing Forecast	Market Expects	Prior	Revised From
22-Jul	10:00 AM	Existing Home Sales	Jun	5.08M	5.25M	5.28M	5.14M	5.18M

Proprietary Trading Earnings Announcements:

Company	Symbol	EPS	Time	Add to My	Conference
Company	Symbol	Estimate*	Time	Calendar	Call
AarhusKarlshamn publ AB	AAK.ST	N/A	07:00 am ET	Add
Allied Nevada Gold Corp	ANV	0.12	Before Market Open	Add
AMAG Pharmaceuticals Inc	AMAG	-0.17	Time Not Supplied	Add
American National Insurance Co	ANAT	N/A	Time Not Supplied	Add
Amkor Technology Inc	AMKR	0.13	Time Not Supplied	Add
AmTrust Financial Services Inc	AFSI	0.76	Time Not Supplied	Add
Astra Graphia Tbk PT	ASGR.JK	N/A	Time Not Supplied	Add
Aware Inc	AWRE	N/A	Time Not Supplied	Add
Bakrie Sumatera Plantations Tbk PT	UNSP.JK	N/A	Time Not Supplied	Add
Bakrieland Development Tbk PT	ELTY.JK	N/A	Time Not Supplied	Add
Banco Bradesco SA	BBDC4.SA	0.74	Before Market Open	Add
BancorpSouth Inc	BXS	0.21	After Market Close	Add	Listen
Bank of Hawaii Corp	BOH	0.83	Time Not Supplied	Add	Listen
Bank of Marin Bancorp	BMRC	0.77	Before Market Open	Add
BBCN Bancorp Inc	BBCN	0.27	After Market Close	Add	Listen
BCB Holdings Ltd	BCB.L	N/A	Time Not Supplied	Add
Beni Stabili SpA	BNS.MI	0.01	Time Not Supplied	Add
Bioject Medical Technologies Inc	BJCT	N/A	Time Not Supplied	Add
Biosearch SA	BIO.MC	N/A	Time Not Supplied	Add
Biosensors International Group Ltd	B20.SI	0.02	Time Not Supplied	Add
Bodegas Riojanas SA	RIO.MC	N/A	Time Not Supplied	Add
Brunner Investment Trust Plc	BUT.L	N/A	Time Not Supplied	Add
Bukit Asam (Persero) Tbk PT	PTBA.JK	N/A	Time Not Supplied	Add
Calypte Biomedical Corp	CBMC	N/A	Time Not Supplied	Add
Canadian National Railway Co	CNR.TO	1.62	4:01 pm ET	Add
Cape Bancorp Inc	CBNJ	0.09	Time Not Supplied	Add
Capital City Bank Group Inc	CCBG	0.06	Time Not Supplied	Add
Carmike Cinemas Inc	CKEC	0.41	Before Market Open	Add
Catcher Technology Co Ltd	2474.TW	N/A	Time Not Supplied	Add
China Hongxing Sports Ltd	BR9.SI	N/A	Time Not Supplied	Add
Commercial Vehicle Group Inc	CVGI	0.04	After Market Close	Add	Listen
Computer Task Group Inc	CTG	0.24	After Market Close	Add
Corning Inc	GLW	0.31	Time Not Supplied	Add
Crane Co	CR	1.04	After Market Close	Add
CSS Industries Inc	CSS	N/A	Time Not Supplied	Add
CTS Corp	CTS	0.18	After Market Close	Add	Listen
Dex Media Inc	DXM	N/A	Time Not Supplied	Add
Dialight PLC	DIA.L	N/A	Before Market Open	Add
Duratex SA	DTEX3.SA	N/A	After Market Close	Add
Eagle Bancorp Inc	EGBN	0.42	After Market Close	Add	Listen
Eastern Co	EML	N/A	Time Not Supplied	Add
ECA Marcellus Trust I	ECT	0.51	Time Not Supplied	Add
Ecounion AG	KN1.DE	N/A	Time Not Supplied	Add
Educational Book Joint Stock Co in Ha Noi City	EBS.VI	N/A	Time Not Supplied	Add
Encision Inc	ECIA	N/A	Time Not Supplied	Add
Encres Dubuit SA	DBT.PA	N/A	Time Not Supplied	Add
Equity LifeStyle Properties Inc	ELS	0.58	After Market Close	Add	Listen
Faraday Technology Corp	3035.TW	N/A	Time Not Supplied	Add
Federal-Mogul Corp	FDML	0.39	07:30 am ET	Add	Listen
Filtronic PLC	FTC.L	N/A	Before Market Open	Add
First Bancorp	FBNC	0.22	Time Not Supplied	Add
First Financial Holdings Inc	FFCH	0.3	Time Not Supplied	Add
First Interstate Bancsystem Inc	FIBK	0.39	After Market Close	Add
Flow International Corp	FLOW	0.01	Time Not Supplied	Add
Frasers Commercial Trust	ND8U.SI	N/A	Time Not Supplied	Add
Frisch's Restaurants Inc	FRS	0.25	Time Not Supplied	Add
Gannett Co Inc	GCI	0.58	Before Market Open	Add	Listen
Gardner Denver Inc	GDI	1.28	Time Not Supplied	Add
Gascogne SA	BI.PA	N/A	Time Not Supplied	Add
GEONG International Ltd	GNG.L	N/A	Time Not Supplied	Add
Getac Technology Corp	3005.TW	N/A	Time Not Supplied	Add
Gorman-Rupp Co	GRC	0.33	Time Not Supplied	Add
Groupe Vial SA	VIA.PA	N/A	Time Not Supplied	Add
Grupo Aeroportuario del Sureste, SAB de CV	ASURB.MX	1.62	Before Market Open	Add
GUD Holdings Ltd	GUD.AX	N/A	Time Not Supplied	Add
Gulfmark Offshore Inc	GLF	0.35	After Market Close	Add	Listen
Halliburton Co	HAL	0.72	Before Market Open	Add	Listen
Hasbro Inc	HAS	0.34	Before Market Open	Add
Health Management Associates Inc	HMA	0.2	Time Not Supplied	Add
HealthStream Inc	HSTM	0.08	After Market Close	Add
Helix Energy Solutions Group Inc	HLX	0.2	After Market Close	Add	Listen
Hero Supermarket Tbk PT	HERO.JK	N/A	Time Not Supplied	Add
Hexcel Corp	HXL	0.47	After Market Close	Add	Listen
Home Federal Bancorp Inc	HOME	0.04	Time Not Supplied	Add
IDEX Corp	IEX	0.74	After Market Close	Add	Listen
Ildong Pharmaceutical Co Ltd
Ingenious Media Active Capital Ltd	IMAC.L	N/A	Time Not Supplied	Add
Intrepid Mines Ltd	IAU.AX	N/A	Time Not Supplied	Add
Jasa Marga Persero Tbk PT	JSMR.JK	N/A	Time Not Supplied	Add
Julius Baer Gruppe AG	BAER.VX	N/A	01:00 am ET	Add
Kimberly-Clark Corp	KMB	1.39	Before Market Open	Add
Kinsus Interconnect Technology Corp	3189.TW	N/A	Time Not Supplied	Add
Klepierre SA	LI.PA	N/A	After Market Close	Add	Listen
Koninklijke Philips NV	PHIA.AS	N/A	01:00 am ET	Add	Listen
KVH Industries Inc	KVHI	0.11	Time Not Supplied	Add
Lakeland Bancorp Inc	LBAI	0.18	Time Not Supplied	Add
Lennox International Inc	LII	1.19	Before Market Open	Add	Listen
LG Chem Ltd
McDonald's Corp	MCD	1.4	Before Market Open	Add
Media General Inc	MEG	N/A	Time Not Supplied	Add
Medifast Inc	MED	0.51	Time Not Supplied	Add
Mensch und Maschine Software AG	MUM.F	N/A	Time Not Supplied	Add
Merchants Bancshares Inc	MBVT	0.59	After Market Close	Add
Microgen PLC	MCGN.L	N/A	Before Market Open	Add
Minerali Natural Resources Ltd	MNRL.TA	N/A	Time Not Supplied	Add
Mobistar SA	MOBB.BR	N/A	01:00 am ET	Add
Moorim P&P Co Ltd
MPG Office Trust Inc	MPG	-0.03	Time Not Supplied	Add
Mueller Industries Inc	MLI	0.95	Time Not Supplied	Add
National Presto Industries Inc	NPK	N/A	Time Not Supplied	Add
NBT Bancorp Inc	NBTB	0.39	Time Not Supplied	Add
Netflix Inc	NFLX	0.4	4:05 pm ET	Add
Northern States Financial Corp	NSFC	N/A	Time Not Supplied	Add
Northwest Bancshares Inc	NWBI	0.18	Time Not Supplied	Add
NVR Inc	NVR	12	Before Market Open	Add
OFG Bancorp	OFG	0.37	After Market Close	Add
Omega Healthcare Investors Inc	OHI	0.6	Time Not Supplied	Add
PacWest Bancorp	PACW	0.46	Time Not Supplied	Add
PAM Transportation Services Inc	PTSI	0.1	Time Not Supplied	Add
Park National Corp	PRK	1.17	After Market Close	Add
PetMed Express Inc	PETS	0.22	08:00 am ET	Add
Phison Electronics Corp	8299.TWO	N/A	Time Not Supplied	Add
Pixelworks Inc	PXLW	-0.14	Time Not Supplied	Add
PLX Technology Inc	PLXT	0.06	After Market Close	Add	Listen
Power-One Inc	PWER	0.05	Time Not Supplied	Add
PRGX Global Inc	PRGX	0.03	Time Not Supplied	Add
Pulaski Financial Corp	PULB	0.28	Time Not Supplied	Add
Pulse Electronics Corp	PULS	N/A	Time Not Supplied	Add
Raffles Medical Group Ltd	R01.SI	N/A	Before Market Open	Add
ReNeuron Group PLC	RENE.L	N/A	Time Not Supplied	Add
Rent-A-Center Inc	RCII	0.75	After Market Close	Add	Listen
Republic Airways Holdings Inc	RJET	0.42	Time Not Supplied	Add
RPM International Inc	RPM	0.67	Before Market Open	Add	Listen
Sanmina Corp	SANM	0.35	After Market Close	Add
SB Financial Group Inc	SBFG	N/A	After Market Close	Add
SciClone Pharmaceuticals Inc	SCLN	0.11	Time Not Supplied	Add
Selectica Inc	SLTC	N/A	Time Not Supplied	Add
Sevcon Inc	SEV	N/A	Time Not Supplied	Add
SIA Engineering Co Ltd	S59.SI	N/A	Time Not Supplied	Add
Six Flags Entertainment Corp	SIX	0.53	Before Market Open	Add	Listen
StellarOne Corp	STEL	0.26	Time Not Supplied	Add
Sterling Energy PLC	SEY.L	N/A	Time Not Supplied	Add
Synacor Inc	SYNC	-0.02	Time Not Supplied	Add
Systran SA	RAN.PA	N/A	Time Not Supplied	Add
Tal Education Group	XRS	0.07	Before Market Open	Add
Technoflex SA	MLTEK.PA	N/A	Time Not Supplied	Add
Telecom Reseaux Services SA	ALTRS.PA	N/A	Time Not Supplied	Add
Teles AG Informationstechnologien	TLI.DE	N/A	Time Not Supplied	Add
Texas Instruments Inc	TXN	0.41	After Market Close	Add
Theo Fennell PLC	TFL.L	N/A	Time Not Supplied	Add
Throgmorton Trust P L C	THRG.L	N/A	Time Not Supplied	Add
Tiger Resources Ltd	TGS.AX	N/A	Time Not Supplied	Add
Torex Gold Resources Inc	TXG.TO	N/A	Time Not Supplied	Add
Tower International Inc	TOWR	0.6	Before Market Open	Add	Listen
Trilogiq SA	ALTRI.PA	N/A	Time Not Supplied	Add
TrustCo Bank Corp N Y	TRST	0.1	After Market Close	Add
UBS AG	UBSN.VX	N/A	01:30 am ET	Add
Ultra Clean Holdings Inc	UCTT	0.09	After Market Close	Add
Union First Market Bankshares Corp	UBSH	0.38	Time Not Supplied	Add
United Stationers Inc	USTR	0.76	After Market Close	Add
United Tractors Tbk PT	UNTR.JK	N/A	Time Not Supplied	Add
Universal American Corp	UAM	0.15	Time Not Supplied	Add
Universal Truckload Services Inc	UACL	0.41	Time Not Supplied	Add
Vertice Trescientos Sesenta Grados SA	VER.MC	N/A	Time Not Supplied	Add
Vidrala SA	VID.MC	N/A	Before Market Open	Add
Vision Sciences Inc	VSCI	-0.06	Time Not Supplied	Add
Volterra Semiconductor Corp	VLTR	0.16	After Market Close	Add
W. R. Berkley Corp	WRB	0.68	After Market Close	Add
Washington Trust Bancorp Inc	WASH	0.57	After Market Close	Add
Werner Enterprises Inc	WERN	0.37	After Market Close	Add
Wilshire Bancorp Inc	WIBC	0.15	After Market Close	Add	Listen
Wynn Resorts Ltd	WYNN	1.57	Time Not Supplied	Add
Zions Bancorporation	ZION	0.41	After Market Close	Add
ZTE Corp	000063.SZ	N/A	After Market Close	Add

Unusual Options Activity:

HAL- Halliburton will report Q2 earnings before the bell Monday morning. Analysts are looking for $0.73 in EPS and revenue of $7.3 billion. The options market is implying a $2.00 move, or 4.37%, in either direction. Call to put ratio in the July 26 weekly options is heavily in favor of the bulls at 3.73.

MCD- The biggest report to start off next week will come from McDonald's. Analysts are looking for $1.40 in EPS and revenue of $7.1 billion. Options traders are pricing in a $2.17 move, or 2.17%, in either direction. The call to put ratio in the July 26 weekly options is currently at 1.43.

PEP- 7,000 Jan. 2015 $105 calls were bought for $1.41-$1.45 each, against open interest of 307 contracts. Pepsi shares are coming off of an all-time hit yesterday, down 0.85% today.

SLV- Over 23k Sep. $23 calls were purchased for $0.10 each, against open interest of 8,691 contracts. Shares of iShares Silver Trust ETF are up 0.48%.

AAPL- Apple shares are down 1% today in sympathy of the disappointing earnings reports from Microsoft, Google, and other large cap tech. The call to put ratio in the July 26 weekly options is 1.18, led by activity in the $430 and $440 calls.

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