Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Proprietary Trading Morning Market Update July 24 2013

U.S. Stocks Rise After Apple Profit Beats Estimates. U.S. stocks climbed, with the Standard & Poor's 500 Index rebounding from yesterday's drop, as Apple Inc.'s profit topped estimates and forecasts from Boeing Co. and Ford Motor Co. exceeded predictions.

CEO Sweetens Dell Offer to $24.6 Billion With Vote Change. Michael Dell and Silver Lake Management LLC sweetened their offer for Dell Inc. (NASDAQ:DELL) to about $24.6 billion, conditional upon new voting rules that would tilt shareholder support in their favor.

Pre-Market Activity:

$SPY +0.38%

$VXX -1.27%

$TLT -0.9%

$USO -0.4%

$UNG +0.15%

$GLD -0.35%

$SLV -1.06%

Early Movers:

$AAPL (Tops Q3 estimates) +4.6%

$CAT (Misses on Q2; lowers guidance) -1.7%

$F (Beat on EPS,Rev) +3%

Proprietary Trading Economic Calendar:

 

 

Date

Time (NYSE:ET)

Statistic

For

Actual

Briefing Forecast

Market Expects

Prior

Revised From

24-Jul

7:00 AM

MBA Mortgage Index

20-Jul

-1.20%

NA

NA

-2.60%

-

24-Jul

10:00 AM

New Home Sales

Jun

497K

470K

483K

459K

476K

24-Jul

10:30 AM

Crude Inventories

20-Jul

-

NA

NA

-6.902M

 

Proprietary Trading Earnings Announcements:

 

 

 

Earnings Announcements for Wednesday, July 24

Company

Symbol

EPS
Estimate*

Time

Add to My
Calendar

Conference
Call

8x8 Inc

EGHT

0.06

After Market Close

Add

 

A T Cross Co

ATX

0.34

After Market Close

Add

 

A. O. Smith Corp

AOS

0.43

Before Market Open

Add

 

Aaron's Inc

AAN

0.5

After Market Close

Add

Listen

Agnico Eagle Mines Ltd

AEM.TO

0.08

After Market Close

Add

 

Akamai Technologies Inc

AKAM

0.46

After Market Close

Add

Listen

Allegheny Technologies Inc

ATI

0.12

Before Market Open

Add

Listen

American Railcar Industries Inc

ARII

0.82

After Market Close

Add

 

Ameriprise Financial Inc

AMP

1.62

After Market Close

Add

Listen

AmerisourceBergen Corp

ABC

0.74

Before Market Open

Add

Listen

Amplifon SpA

AMP.MI

N/A

Time Not Supplied

Add

 

Angie's List Inc

ANGI

-0.25

After Market Close

Add

 

Applied Micro Circuits Corp

AMCC

0

After Market Close

Add

Listen

Aptargroup Inc

ATR

0.74

After Market Close

Add

Listen

Archipelago Resources PLC

AR.L

N/A

Before Market Open

Add

 

Areva SA

AREVA.PA

N/A

11:45 am ET

Add

 

ARM Holdings PLC

ARM.L

4.71

02:00 am ET

Add

Listen

Arrow Electronics Inc

ARW

1.03

Before Market Open

Add

Listen

Artisan Partners Asset Management Inc

APAM

0.61

After Market Close

Add

Listen

ASM International NV

ASM.AS

N/A

6:00 pm ET

Add

Listen

Aspen Insurance Holdings Ltd

AHL

0.61

After Market Close

Add

Listen

Assurant Inc

AIZ

1.45

After Market Close

Add

 

ATMI Inc

ATMI

0.34

Before Market Open

Add

 

ATP Oil And Gas Corp

ATPAQ

N/A

Time Not Supplied

Add

 

Australand Property Group

ALZ.AX

N/A

Time Not Supplied

Add

Listen

AvalonBay Communities Inc

AVB

1.52

After Market Close

Add

 

Baidu Inc

BIDU

1.21

After Market Close

Add

Listen

Bancorp Inc

TBBK

0.16

After Market Close

Add

Listen

Bank Permata Tbk PT

BNLI.JK

N/A

Time Not Supplied

Add

 

BankUnited Inc

BKU

0.43

Before Market Open

Add

Listen

Banner Corp

BANR

0.58

After Market Close

Add

 

Barrett Business Services Inc

BBSI

N/A

After Market Close

Add

 

Berkshire Hills Bancorp Inc

BHLB

0.55

After Market Close

Add

 

Boeing Co

BA

1.58

07:30 am ET

Add

Listen

Brandywine Realty Trust

BDN

0.32

After Market Close

Add

Listen

Brookline Bancorp Inc

BRKL

0.13

After Market Close

Add

 

CA Inc

CA

0.74

After Market Close

Add

 

Cabot Oil & Gas Corp

COG

0.37

After Market Close

Add

 

Cadence Design Systems Inc

CDNS

0.2

After Market Close

Add

 

Cambridge Industrial Trust

J91U.SI

N/A

Before Market Open

Add

 

Canadian Pacific Railway Ltd

CP.TO

1.49

07:30 am ET

Add

 

Capital Product Partners LP

CPLP

0.09

Time Not Supplied

Add

 

Capstead Mortgage Corp

CMO

0.32

After Market Close

Add

 

Caterpillar Inc

CAT

1.7

07:30 am ET

Add

Listen

Cementos Portland Valderrivas SA

CPL.MC

N/A

Time Not Supplied

Add

 

Cenovus Energy Inc

CVE.TO

0.48

Before Market Open

Add

 

Century Bancorp Inc

CNBKA

N/A

Time Not Supplied

Add

 

Citrix Systems Inc

CTXS

0.63

4:05 pm ET

Add

 

Clearwater Paper Corp

CLW

0.67

After Market Close

Add

 

Clicksoftware Technologies Ltd

CKSW

-0.07

Before Market Open

Add

Listen

Coca-Cola Femsa SAB de CV

KOFL.MX

1.38

Before Market Open

Add

 

comdirect bank AG

COM.DE

0.1

07:30 am ET

Add

 

Compagnie de Saint Gobain SA

SGO.PA

N/A

After Market Close

Add

 

Compagnie Plastic Omnium SA

POM.PA

N/A

Time Not Supplied

Add

 

Conmed Corp

CNMD

0.44

Before Market Open

Add

Listen

Corelogic Inc

CLGX

0.45

After Market Close

Add

Listen

Costamare Inc

CMRE

0.32

After Market Close

Add

 

CoStar Group Inc

CSGP

0.52

After Market Close

Add

 

Covenant Transportation Group Inc

CVTI

0.07

Time Not Supplied

Add

 

Crocs Inc

CROX

0.64

After Market Close

Add

Listen

Crown Castle International Corp

CCI

0.16

After Market Close

Add

Listen

CSS Industries Inc

CSS

N/A

Time Not Supplied

Add

 

Cullen/Frost Bankers Inc

CFR

0.95

Before Market Open

Add

 

Daewoo Engineering & Construction Co Ltd

         

Daimler AG

DAI.DE

N/A

01:30 am ET

Add

 

Delta Air Lines Inc

DAL

0.95

Before Market Open

Add

Listen

DiamondRock Hospitality Co

DRH

0.21

Time Not Supplied

Add

 

Dice Holdings Inc

DHX

0.12

Before Market Open

Add

Listen

Doosan Infracore Co Ltd

         

Dr Pepper Snapple Group Inc

DPS

0.85

Before Market Open

Add

 

Dyax Corp

DYAX

-0.06

After Market Close

Add

 

E*TRADE Financial Corp

ETFC

0.12

After Market Close

Add

 

Ebiquity PLC

EBQ.L

N/A

Before Market Open

Add

 

Edenred SA

EDEN.PA

N/A

Time Not Supplied

Add

 

EDP Energias do Brasil SA

ENBR3.SA

N/A

After Market Close

Add

 

Eli Lilly and Co

LLY

1

Before Market Open

Add

 

EMC Corp

EMC

0.42

Before Market Open

Add

Listen

Encana Corporation

ECA.TO

0.19

Before Market Open

Add

 

Equifax Inc

EFX

0.9

After Market Close

Add

 

Equinix Inc

EQIX

0.7

After Market Close

Add

Listen

Ethan Allen Interiors Inc

ETH

0.34

After Market Close

Add

Listen

Euler Hermes SA

ELE.PA

N/A

11:35 am ET

Add

Listen

Euronet Worldwide Inc

EEFT

0.47

Before Market Open

Add

 

Eurosic SA

ERSC.PA

N/A

After Market Close

Add

 

Evercore Partners Inc

EVR

0.54

Before Market Open

Add

Listen

Exar Corp

EXAR

0.08

Before Market Open

Add

 

F5 Networks Inc

FFIV

1.08

4:05 pm ET

Add

Listen

Facebook Inc

FB

0.14

After Market Close

Add

 

Faes Farma SA

FAE.MC

N/A

Time Not Supplied

Add

 

Famous Dave's of America Inc

DAVE

0.23

After Market Close

Add

Listen

Ferro Corp

FOE

0.11

Time Not Supplied

Add

 

Fibria Celulose SA

FIBR3.SA

N/A

Before Market Open

Add

 

Financial Institutions Inc

FISI

0.46

After Market Close

Add

 

First Bancorp

FBP

0.09

Before Market Open

Add

 

First Commonwealth Financial Corp

FCF

0.12

09:00 am ET

Add

 

First Midwest Bancorp Inc

FMBI

0.22

Before Market Open

Add

 

Flowserve Corp

FLS

0.79

After Market Close

Add

Listen

Fonciere des Regions SA

FDR.PA

N/A

01:00 am ET

Add

 

Ford Motor Co

F

0.37

07:00 am ET

Add

Listen

Forrester Research Inc

FORR

0.26

Time Not Supplied

Add

Listen

Fortune Brands Home & Security Inc

FBHS

0.39

After Market Close

Add

 

General Dynamics Corp

GD

1.62

Before Market Open

Add

Listen

Genomma Lab Internacional SAB de CV

LABB.MX

0.32

After Market Close

Add

 

Gentex Corp

GNTX

0.32

Before Market Open

Add

 

GlaxoSmithKline PLC

GSK.L

26.16

07:00 am ET

Add

 

Graco Inc

GGG

0.85

After Market Close

Add

Listen

Gruma SAB de CV

GRUMAB.MX

1.09

After Market Close

Add

 

Grupo Aeroportuario del Centro Norte SAB de CV

OMAB.MX

0.51

Before Market Open

Add

 

Grupo Industrial Maseca SAB de CV

MASECAB.MX

N/A

After Market Close

Add

 

Gruppo Editoriale l'Espresso SpA

ES.MI

N/A

Time Not Supplied

Add

 

Hatteras Financial Corp

HTS

N/A

Time Not Supplied

Add

 

Health Management Associates Inc

HMA

0.21

Time Not Supplied

Add

 

Healthways Inc

HWAY

-0.05

After Market Close

Add

Listen

Herald Investment Trust PLC

HRI.L

N/A

Time Not Supplied

Add

 

Heritage-Crystal Clean Inc

HCCI

0.05

After Market Close

Add

 

Hill-Rom Holdings Inc

HRC

0.49

After Market Close

Add

 

Horace Mann Educators Corp

HMN

0.32

After Market Close

Add

Listen

Iberdrola SA

IBE.MC

N/A

Before Market Open

Add

 

Icade SA

ICAD.PA

N/A

After Market Close

Add

 

Iconix Brand Group Inc

ICON

0.56

Before Market Open

Add

Listen

Imaginatik PLC

IMTK.L

N/A

Time Not Supplied

Add

 

Indesit Company SpA

IND.MI

N/A

Time Not Supplied

Add

 

Indutrade AB

INDT.ST

N/A

04:00 am ET

Add

 

Infinera Corp

INFN

-0.03

After Market Close

Add

Listen

Ingram Micro Inc

IM

0.46

After Market Close

Add

Listen

Interface Inc

TILE

0.17

After Market Close

Add

Listen

InterMune Inc

ITMN

-0.7

After Market Close

Add

Listen

InXL Innovation AB

INXL.ST

N/A

Time Not Supplied

Add

 

Ipsos SA

IPS.PA

N/A

After Market Close

Add

 

ITC Holdings Corp

ITC

1.21

After Market Close

Add

 

JMP Group Inc

JMP

0.14

Before Market Open

Add

 

Kaiser Aluminum Corp

KALU

0.94

After Market Close

Add

 

KEPCO Engineering & Construction Co Inc

         

Kirby Corp

KEX

1.06

6:00 pm ET

Add

 

Knight Transportation Inc

KNX

0.24

After Market Close

Add

 

Kontron AG

KBC.DE

N/A

03:00 am ET

Add

 

Las Vegas Sands Corp

LVS

0.68

After Market Close

Add

 

LG Electronics Inc

         

LG Innotek Co Ltd

         

LG International Corp

         

LG Life Sciences Ltd

         

Lisi SA

FII.PA

N/A

After Market Close

Add

 

Lithia Motors Inc

LAD

0.9

Before Market Open

Add

Listen

Loblaw Companies Ltd

L.TO

0.58

06:00 am ET

Add

 

LSI Corp

LSI

0.13

5:00 pm ET

Add

 

Lumber Liquidators Holdings Inc

LL

0.61

Before Market Open

Add

 

Marine Products Corp

MPX

0.06

Before Market Open

Add

 

MarketAxess Holdings Inc

MKTX

0.45

Before Market Open

Add

Listen

Mastech Holdings Inc

MHH

N/A

Before Market Open

Add

Listen

Mattson Technology Inc

MTSN

-0.06

After Market Close

Add

 

Mediaset Espana Comunicacion SA

TL5.MC

N/A

After Market Close

Add

Listen

Mellanox Technologies Ltd

MLNX

0.2

After Market Close

Add

 

Meritage Homes Corp

MTH

0.46

Before Market Open

Add

 

Methanex Corp

MX.TO

0.83

After Market Close

Add

Listen

Mine Safety Appliances Co

MSA

0.67

Before Market Open

Add

 

Minerali Natural Resources Ltd

MNRL.TA

N/A

Time Not Supplied

Add

 

MKS Instruments Inc

MKSI

0.13

After Market Close

Add

 

Monarch Casino & Resort Inc

MCRI

0.24

After Market Close

Add

 

Moody's Corp

MCO

0.91

Before Market Open

Add

 

Morgan Advanced Materials PLC

MGAM.L

N/A

Time Not Supplied

Add

Listen

Morningstar Inc

MORN

0.66

After Market Close

Add

 

Motorola Solutions Inc

MSI

1.04

Before Market Open

Add

 

MTU Aero Engines AG

MTX.DE

N/A

Time Not Supplied

Add

 

Mullen Group Ltd

MTL.TO

0.14

After Market Close

Add

 

NASDAQ OMX Group Inc

NDAQ

0.63

07:00 am ET

Add

 

National Express Group PLC

NEX.L

N/A

Time Not Supplied

Add

 

Natura Cosmeticos SA

NATU3.SA

N/A

After Market Close

Add

 

New York Community Bancorp Inc

NYCB

0.26

08:00 am ET

Add

 

NewBridge Bancorp

NBBC

0.15

Time Not Supplied

Add

 

Newfield Exploration Co

NFX

0.42

After Market Close

Add

Listen

Nexity SA

NXI.PA

N/A

Time Not Supplied

Add

Listen

Noranda Aluminum Holding Corp

NOR

-0.12

Before Market Open

Add

Listen

Northern States Financial Corp

NSFC

N/A

Time Not Supplied

Add

 

Northrop Grumman Corp

NOC

1.71

Before Market Open

Add

Listen

NVE Corp

NVEC

0.6

After Market Close

Add

Listen

O'Reilly Automotive Inc

ORLY

1.5

After Market Close

Add

Listen

Oceaneering International Inc

OII

0.84

After Market Close

Add

Listen

OCI Co Ltd

         

Omnicare Inc

OCR

0.87

Before Market Open

Add

Listen

On Assignment Inc

ASGN

0.28

After Market Close

Add

Listen

Orchids Paper Products Co

TIS

0.36

After Market Close

Add

Listen

Ossur hf

OSSR.CO

N/A

10:00 am ET

Add

 

Owens Corning

OC

0.69

Before Market Open

Add

 

Owens-Illinois Inc

OI

0.79

After Market Close

Add

Listen

Pacific Ethanol Inc

PEIX

N/A

After Market Close

Add

 

PDF Solutions Inc

PDFS

0.24

After Market Close

Add

 

PepsiCo Inc

PEP

1.19

07:00 am ET

Add

Listen

PetroLogistics LP

PDH

0.26

After Market Close

Add

Listen

Polarcus Ltd

PLCS.OL

N/A

01:00 am ET

Add

Listen

Potlatch Corp

PCH

0.31

Before Market Open

Add

 

Praxair Inc

PX

1.49

Before Market Open

Add

Listen

Prosperity Bancshares Inc

PB

0.88

Before Market Open

Add

Listen

PTC Inc

PMTC

0.43

After Market Close

Add

 

Puma SE

PUM.DE

N/A

02:00 am ET

Add

 

PVR Partners LP

PVR

0.13

Before Market Open

Add

 

Qualcomm Inc

QCOM

1.03

After Market Close

Add

 

Radian Group Inc

RDN

-0.05

Before Market Open

Add

 

Range Resources Corp

RRC

0.32

After Market Close

Add

Listen

Raymond James Financial Inc

RJF

0.66

After Market Close

Add

 

REALIA Business SA

RLIA.MC

N/A

Before Market Open

Add

 

Realogy Holdings Corp

RLGY

0.72

Time Not Supplied

Add

Listen

Renishaw PLC

RSW.L

N/A

02:00 am ET

Add

 

Reynolds American Inc

RAI

0.83

Before Market Open

Add

 

Richardson Electronics Ltd

RELL

N/A

After Market Close

Add

 

Rimage Corp

RIMG

N/A

After Market Close

Add

 

Rollins Inc

ROL

0.25

Before Market Open

Add

 

RPC Inc

RES

0.19

Before Market Open

Add

 

Rubicon Minerals Corp

RMX.TO

-0.01

Time Not Supplied

Add

 

Ruby Tuesday Inc

RT

0.19

After Market Close

Add

Listen

Ryland Group Inc

RYL

0.64

After Market Close

Add

 

S Y Bancorp Inc

SYBT

0.47

Before Market Open

Add

 

Sangamo BioSciences Inc

SGMO

-0.13

After Market Close

Add

 

Scientific Digital Imaging PLC

SDI.L

N/A

03:00 am ET

Add

 

SEACOR Holdings Inc

CKH

0.7

Time Not Supplied

Add

 

Seagate Technology PLC

STX

1.19

Before Market Open

Add

Listen

Sedona Corp

SDNA

N/A

Time Not Supplied

Add

 

Semen Indonesia (Persero) Tbk PT

SMGR.JK

N/A

Time Not Supplied

Add

 

Sequenom Inc

SQNM

-0.22

After Market Close

Add

 

Service Corporation International

SCI

0.2

After Market Close

Add

Listen

Shore Bancshares Inc

SHBI

0.03

Time Not Supplied

Add

 

Silgan Holdings Inc

SLGN

0.65

Before Market Open

Add

 

Skechers USA Inc

SKX

0.03

After Market Close

Add

Listen

Societe de la Tour Eiffel SA

EIFF.PA

N/A

After Market Close

Add

 

Societe Fonciere Lyonnaise SA

FLY.PA

N/A

Time Not Supplied

Add

 

Spectranetics Corp

SPNC

-0.02

Before Market Open

Add

Listen

Spir Communication SA

SPI.PA

N/A

11:45 am ET

Add

 

Spirit Airlines Inc

SAVE

0.63

Before Market Open

Add

 

Stepan Co

SCL

1.01

Before Market Open

Add

Listen

Stericycle Inc

SRCL

0.91

After Market Close

Add

Listen

Sun Bancorp Inc

SNBC

-0.01

Time Not Supplied

Add

 

Susquehanna Bancshares Inc

SUSQ

0.23

After Market Close

Add

 

Swift Transportation Co

SWFT

0.29

After Market Close

Add

Listen

Symetra Financial Corp

SYA

0.33

After Market Close

Add

Listen

Synectics PLC

SNX.L

N/A

Before Market Open

Add

 

Syngenta AG

SYNN.VX

N/A

01:00 am ET

Add

 

T. Rowe Price Group Inc

TROW

0.95

Time Not Supplied

Add

 

TAL International Group Inc

TAL

1.07

After Market Close

Add

Listen

TC PipeLines LP

TCP

0.5

Before Market Open

Add

 

TE Connectivity Ltd

TEL

0.83

Before Market Open

Add

Listen

Telefonica Brasil SA

VIVT4.SA

N/A

Before Market Open

Add

 

Teradyne Inc

TER

0.32

6:00 pm ET

Add

 

Terex Corp

TEX

0.55

After Market Close

Add

Listen

TESSCO Technologies Inc

TESS

0.38

After Market Close

Add

Listen

Texas Capital Bancshares Inc

TCBI

0.8

4:00 pm ET

Add

 

Thales SA

HO.PA

N/A

11:45 am ET

Add

Listen

The Cheesecake Factory Inc

CAKE

0.57

After Market Close

Add

Listen

The Medicines Co

MDCO

0.34

Before Market Open

Add

Listen

Thermador Groupe SA

THEP.PA

N/A

Time Not Supplied

Add

 

Thermo Fisher Scientific Inc

TMO

1.3

Before Market Open

Add

Listen

Titan International Inc

TWI

0.47

After Market Close

Add

 

Torchmark Corp

TMK

1.4

After Market Close

Add

 

Town Sports International Holdings Inc

CLUB

0.19

After Market Close

Add

 

Tractor Supply Co

TSCO

1.71

After Market Close

Add

Listen

TripAdvisor Inc

TRIP

0.49

After Market Close

Add

 

TriQuint Semiconductor Inc

TQNT

-0.11

4:00 pm ET

Add

 

TriState Capital Holdings Inc

TSC

0.12

After Market Close

Add

 

TrueBlue Inc

TBI

0.25

After Market Close

Add

Listen

Tupperware Brands Corp

TUP

1.44

Before Market Open

Add

Listen

Tyler Technologies Inc

TYL

0.35

After Market Close

Add

 

UMB Financial Corp

UMBF

N/A

Time Not Supplied

Add

 

Unibail-Rodamco SE

UL.AS

N/A

After Market Close

Add

Listen

United Phosphorus Ltd

UNIPHOS.NS

N/A

Time Not Supplied

Add

 

Unitil Corp

UTL

0.02

Before Market Open

Add

Listen

US Airways Group Inc

LCC

1.51

Before Market Open

Add

Listen

Varian Medical Systems Inc

VAR

1.01

After Market Close

Add

 

Visa Inc

V

1.8

After Market Close

Add

Listen

Vision Sciences Inc

VSCI

-0.06

Time Not Supplied

Add

 

Volt Information Sciences Inc

VISI

N/A

Time Not Supplied

Add

 

Warner Chilcott PLC

WCRX

0.85

After Market Close

Add

 

Washington Real Estate Investment Trust

WRE

0.47

After Market Close

Add

 

WellPoint Inc

WLP

2.11

06:00 am ET

Add

Listen

Western Digital Corp

WDC

1.81

After Market Close

Add

 

Whiting Petroleum Corp

WLL

0.9

After Market Close

Add

Listen

Willis Group Holdings PLC

WSH

0.58

After Market Close

Add

Listen

Wyndham Worldwide Corp

WYN

0.91

Before Market Open

Add

Listen

Yes Bank Ltd

YESBANK.NS

N/A

Time Not Supplied

Add

 

Zignago Vetro SpA

ZV.MI

N/A

Time Not Supplied

Add

 

Unusual Options Activity:

AAPL- Apple will report Q3 earnings after the bell tonight. Analysts are looking for $7.31 in EPS an revenue of $35.1 billion. Options traders are pricing in a $19.85 move, or 4.69%, in either direction. The call to put ratio in the July 26 weekly options is 1.07.

CAT- Caterpillar is set to announce Q2 earnings before the bell tomorrow morning. Analysts are looking for $1.70 in EPS and revenue of $15 billion. The options market is implying a $3.07 move, or 3,59%, in either direction. Put to call ratio in the July 26 weekly options is in favor of the bears at 2.11.

F- Another big Q2 earnings report due out in the morning will come from Ford Motor. Analysts are looking for $0.36 in EPS and revenue of $35.2 billion. Options traders are pricing in a $0.66 move, or 3.89%, in either direction. The put to call ratio in the July 26 weekly options is currently 1.30.

AWAY- 4,400 Oct. $35 calls were bought for $1.60-$1.75 each, against open interest of 14,243 contracts. We highlighted large buying in these same calls last month.

TIVO- 2,396 Aug. $13 calls were purchased for $0.07 each, against open interest of 15,585 contracts. Open interest has been building in the Aug. $13 calls over the last month.

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