MORNING CALL 6/8

MORNING CALL

Wednesday, June 8th, 2016View Older Reports

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OVERNIGHT MARKETS AND NEWS

Jun E-mini S&Ps (ESM16 +0.18%) are up +0.15% as stronger-than-expected Chinese May imports signals stabilization in China's economy, which may benefit global growth. Also, a rally in energy producing stocks has lifted the overall market as July WTI crude oil (CLN16 +1.23%) is up +1.33% at a 10-1/2 month high. A slide in the dollar index to a 1-month low has boosted most commodity prices with Aug COMEX gold (GCQ16 +0.74%) up +0.74% at a 2-week high. Gains were limited after the World Bank cut its 2016 U.S. and global GDP estimates. European stocks are down -0.49% as drugmakers led the overall market lower with Roche Holding AG and Novartis AG both down at least 1%. Asian stocks settled mixed: Japan +0.93%, Hong Kong -0.14%, China -0.30%, Taiwan +0.41%, Australia -0.02%, Singapore +0.50%, South Korea +0.88%, India +0.04%.

The dollar index (DXY00 -0.18%) is down -0.14% at a 1-month low. EUR/USD (^EURUSD) is up +0.18%. USD/JPY (^USDJPY) is down -0.29%.

Sep T-note prices (ZNU16 -0.04%) are down -1.5 ticks.

The World Bank cut its 2016 global GDP forecast to 2.4% from a January estimate of 2.9%, saying that downside risks have become more pronounced since the start of the year. The World Bank also cut its 2016 U.S. GDP estimate to 1.9% from a Jan estimate of 2.7%.

The China May trade balance widened to a surplus of +$49.98 billion, smaller than expectations of +$55.7 billion. May exports fell -4.1% y/y, weaker than expectations of -4.0% y/y. May imports fell -0.4% y/y, stronger than expectations of -6.8% y/y and the smallest decline in 19 months.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -4.1% with purchase sub-index -4.7% and refi sub-index -3.9%), (2) Apr JOLTS job openings (expected -82,000 to 5.675 million, Mar +149,000 to 5.757 million), (3) Treasury auctions $20 billion of 10-year T-notes, and (4) EIA Weekly Petroleum Status Report.

There are 2 of the Russell 1000 companies that report earnings today: lululemon athletica (consensus $0.31), Brown-Forman (0.72).

U.S. IPO's scheduled to price today: none.

Equity conferences during the remainder of this week include: American Society of Clinical Oncology Annual Meeting on Mon-Thu, NAREIT REITWeek Investor Forum on Tue-Wed, Stephens Spring Investment Conference on Tue-Wed, Goldman Sachs Global Health Care Conference on Tue-Thu, Jefferies Global Health Care Conference on Tue-Thu, Baird Global Consumer, Technology and Services Conference on Tue-Thu, BioTechnology Industry Organization International Convention on Wed, Deutsche Bank Global Industrials and Materials Summit on Wed-Thu, Sandler O'Neill Global Exchange and Brokerage Conference on Wed-Thu, Gabelli & Company Movie & Entertainment Conference on Thu, Susquehanna Financial Group Energy and Industrials Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Fiat Chrysler Automobiles NV (FCAU +3.85%) rose nearly 3% in pre-market trading after it was said to habe started talks on a partnership with Uber Technologies.

Lending Club (LC -7.38%) climbed over 3% in pre-market trading after a report that its former CEO and chairman has spoken to buyout firms and banks about a possible takeover of the company.

Lululemon (LULU -0.89%) reported Q1 EPS of 30 cents, below consensus of 31 cents, and said it expectd Q2 EPS of 36 cents-38 cents, below consensus of 39 cents.

Dave & Buster's Entertainment (PLAY +0.94%) rallied over 3% in pre-market trading after it reported Q1 adjusted EPS of 72 cents, higher than consensus of 59 cents, and then boosted its full-year revenue forecast to $983 million-$995 million from a March 29 estimate of $967 million-$987 million.

Verint Systems (VRNT +2.55%) slid over 1% in after-hours trading after it reported Q1 adjusted EPS of 46 cents, above consensus of 40 cents, but reported Q1 adjusted revenue of $249 million, below consensus of $250.7 million

Ardmore Shipping (ASC -0.61%) dropped over 8% in after-hours trading after it proposed a 7.5 million share public offering of common stock.

Lending Club (LC -7.38%) gained over 2% in after-hours trading after it was raised to 'Market Perform' at KBW.

VeriFone Systems (PAY +1.33%) sank 30% in after-hours trading after it reported Q2 adjusted EPS of 47 cents, weaker than consensus of 52 cents, and then cut its fiscal 2016 adjusted EPS estimate to $1.85 from a March 10 view of $2.21-$2.24.

Duluth Holdings (DLTH -1.95%) dropped over 3% in pre-market trading after it reported Q1 sales of $68.6 million, below consensus of $69.7 million.

HealthEquity (HQY +2.26%) climbed over 4% in after-hours trading after it reported Q1 adjusted EPS of 15 cents, better than consensus of 13 cents, and then raised guidance on full-year adjusted EPS to 47 cents-49 cents from a March 22 view of 45 cents-47 cents.

Oxford Industries (OXM -0.47%) slipped over 7% in after-hours trading after it reported Q1 adjusted EPS continuing operations of $1.26, below consensus of $1.33, and then lowered its fiscal 2017 adjusted EPS view to $3.60-$3.80 from a March 23 estimate of $3.75-$3.95.

Flexion Therapeutics (FLXN -3.83%) tumbled over 11% in after-hours trading after it announced a $60 million offering of common stock.

MARKET COMMENTS

June E-mini S&Ps (ESM16 +0.18%) this morning are up +3.25 points (+0.15%). Tuesday's closes: S&P 500 +0.13%, Dow Jones +0.10%, Nasdaq-0.23%. The S&P 500 on Tuesday rallied to a 10-1/2 month high and closed higher on carryover support from a rally in European stocks on positive European economic data after Eurozone Q1 GDP was revised upward and after German Apr industrial production rose more than expected. Stocks were also boosted by gains in energy-producers after crude oil prices climbed to an 8-month high.

September 10-year T-note prices (ZNU16 -0.04%) this morning are down -1.5 ticks. Tuesday's closes: TYU6 +2.50, FVU6 +2.00. Sep T-notes on Tuesday closed higher on positive carryover from a rally in German bunds as the 10-year bund yield fell to a record low 0.045%. T-notes also continued to receive support from the reduced prospects for a near-term Fed rate hike after Fed Chair Yellen on Monday refused to set any time line for when the Fed may raise rates again.

The dollar index (DXY00 -0.18%) this morning is down -0.134 (-0.14%) at a 1-month low. EUR/USD (^EURUSD) is up +0.0020 (+0.18%). USD/JPY (^USDJPY) is down -0.31 (-0.29%). Tuesday's closes: Dollar Index -0.074 (-0.08%), EUR/USD +0.0003 (+0.03%), USD/JPY -0.19 (-0.18%). The dollar index on Tuesday closed lower on continued bearishness after Fed Chair Yellen on Monday expressed concern about last Friday's payroll report and backed off her previous comment that a rate hike would be appropriate in "coming months." The dollar index was also undercut by strength in EUR/USD after Eurozone Q1 GDP was revised upward and after German Apr industrial production rose more than expected.

July WTI crude oil (CLN16 +1.23%) this morning is up +67 cents (+1.33%) at a 10-1/2 month high. July gasoline (RBN16 +1.18%) is up +0.0214 (+1.35%). Tuesday's closes: CLN6 +0.67 (+1.35%), RBN6 -0.0016 (-0.10%). July crude oil and gasoline on Tuesday settled mixed with July crude at an 8-month high. Crude oil prices were boosted by a weaker dollar and by continued support from Monday's news that Nigerian oil production has been slashed by 700,000-800,000 bpd by militant attacks on pipelines and installations. Crude oil prices were also boosted by expectations that Wednesday's weekly EIA report would show that U.S. crude oil inventories fell by -3.0 million bbls.

GLOBAL EVENT CALENDAR06/08/2016

		Wednesday, June 8
US	0700 ET	Weekly MBA mortgage applications, previous -4.1% with purchase sub-index -4.7% and refi sub-index -3.9%.
	1000 ET	Apr JOLTS job openings expected -82,000 to 5.675 million, Mar +149,000 to 5.757 million.
	1030 ET	EIA Weekly Petroleum Status Report.
	1300 ET	Treasury auctions $20 billion of 10-year T-notes.
JPN	0030 ET	Japan May bankruptcies, Apr -7.08% y/y.
	0100 ET	Japan May eco watchers survey current expected -0.1 to 43.4, Apr 43.5. May eco watchers survey outlook expected +0.4 to 45.9, Apr 45.5.
	1950 ET	Japan Apr machine orders expected -3.0% m/m and -1.8% y/y, Mar +5.5% m/m and +3.2% y/y.
UK	0430 ET	UK Apr industrial production expected unch m/m and -0.4% y/y, Mar +0.3% m/m and -0.2% y/y.
	0430 ET	UK Apr manufacturing production expected -0.1% m/m and -1.5% y/y, Mar +0.1% m/m and -1.9% y/y.
	1901 ET	UK May RICS house price balance expected 35%, Apr 41%.
CHI	2130 ET	China May CPI expected +2.2% y/y, Apr +2.3% y/y. May PPI expected -3.2% y/y, Apr -3.4% y/y.
		Thursday, June 9
US	0830 ET	Weekly initial unemployment claims expected +3,000 to 270,000, previous -1,000 to 267,000. Weekly continuing claims expected-1,000 to 2.171 million, previous +12,000 to 2.172 million.
	0830 ET	USDA weekly Export Sales.
	1000 ET	Apr wholesale inventories expected +0.1% m/m, Mar +0.1% m/m. Apr wholesale trade sales expected +1.1% m/m, Mar +0.7% m/m.
	1300 ET	Treasury auctions $12 billion of 30-year T-bonds.
GER	0200 ET	German Apr trade balance expected +22.8 billion euros, Mar +26.2 billion euros. Apr exports expected -0.8% m/m, Mar +1.9% m/m. Apr imports expected +1.3% m/m, Mar -2.3% m/m.
	0200 ET	German Apr current account balance expected +20.5 billion euros, Mar +30.4 billion euros.
	0200 ET	German Q1 labor costs, Q4 +0.5% q/q and +2.1% y/y.
EUR	0300 ET	ECB President Mario Draghi speaks at an economic forum in Brussels.
JPN	0200 ET	Japan May machine tool orders, Apr -26.3% y/y.
	1950 ET	Japan May PPI expected +0.1% m/m and -4.2% y/y, Apr -0.3% m/m and -4.2% y/y.
CHI	n/a	China May new yuan loans expected 750 billion yuan, Apr 555.6 billion yuan.

U.S. STOCK CALENDAR06/08/2016

Company	Ticker	Time	Event Description	Period	Estimate
Teekay Corp	TK US	6/8/2016	Annual General Meeting	Y 2016
lululemon athletica Inc	LULU US	6/8/2016	Q1 2017 Earnings Release	Q1 2017	0.306
Brown-Forman Corp	BF/B US	6/8/2016	Q4 2016 Earnings Release	Q4 2016	0.719
American Airlines Group Inc	AAL US	6/8/2016	Annual General Meeting
Biogen Inc	BIIB US	6/8/2016	Annual General Meeting	Y 2016
Devon Energy Corp	DVN US	6/8/2016	Annual General Meeting	Y 2016
lululemon athletica Inc	LULU US	6/8/2016	Q1 2017 Earnings Call	Q1 2017
Skechers U.S.A. Inc	SKX US	6/8/2016	Analyst and Investor Meeting	Y 2016
Brown-Forman Corp	BF/B US	6/8/2016	Q4 2016 Earnings Call	Q4 2016
Freeport-McMoRan Inc	FCX US	6/8/2016	Annual General Meeting
Pfizer Inc	PFE US	6/8/2016	Analyst and Investor Call
United Continental Holdings Inc	UAL US	6/8/2016	Annual General Meeting
AMERCO	UHAL US	6/8/2016	Special Meeting
DSW Inc	DSW US	6/8/2016	Annual General Meeting
Allegion PLC	ALLE US	6/8/2016	Annual General Meeting	Y 2016
Target Corp	TGT US	6/8/2016	Annual General Meeting
Alphabet Inc	GOOGL US	6/8/2016	Annual General Meeting	Y 2016
Molson Coors Brewing Co	TAP US	6/8/2016	Investor Meeting	Y 2016
ServiceNow Inc	NOW US	6/8/2016	Annual General Meeting
Caterpillar Inc	CAT US	6/8/2016	Annual General Meeting
Public Service Enterprise Group Inc	PEG US	6/8/2016	Investor Meeting	Y 2016
Southwest Airlines Co	LUV US	6/8/2016	May 2016 Sales and Revenue Release - Traffic Results	2016
Clean Harbors Inc	CLH US	6/8/2016	Annual General Meeting	Y 2016
Ingram Micro Inc	IM US	6/8/2016	Annual General Meeting	Y 2016
AMC Networks Inc	AMCX US	6/8/2016	Annual General Meeting
Spirit Airlines Inc	SAVE US	6/8/2016	May 2016 Sales and Revenue Release - Traffic Results	2016
FleetCor Technologies Inc	FLT US	6/8/2016	Annual General Meeting
United Continental Holdings Inc	UAL US	6/8/2016	May 2016 Sales and Revenue Release - Traffic Results	2016
KAR Auction Services Inc	KAR US	6/8/2016	Annual General Meeting
CVR Energy Inc	CVI US	6/8/2016	Annual General Meeting
Groupon Inc	GRPN US	6/8/2016	Annual General Meeting
Diamondback Energy Inc	FANG US	6/8/2016	Annual General Meeting
GoDaddy Inc	GDDY US	6/8/2016	Annual General Meeting

BARCHART MORNING CALL 8/6

BARCHART MORNING CALL

Wednesday, August 6th, 2014View Older Reports

Everything you need to know about the markets in one free daily newsletter.

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OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU14 -0.26%) this morning are down -0.34% at a 2-month low and European stocks are down -1.41% at a 4-1/2 month low amid escalating tension in Ukraine. The Polish Foreign Ministry said the risk of Russia invading Ukraine has increased in the "last dozen hours or so" after Russian President Putin increased the number of troops on his country's western border. Concern over the European economy is another negative for stocks after German factory orders unexpectedly fell by the most in 2-3/4 years and after Italy Q2 GDP fell -0.2% q/q after falling -0.1% q/q in Q1, which pushes Italy into recession. Asian stocks closed mostly lower: Japan -1.05%, Hong Kong -0.26%, China -0.26%, Taiwan +0.03%, Australia -0.12%, Singapore -0.22%, South Korea -0.38%, India -0.94%. Commodity prices are mixed. Sep crude oil (CLU14 +0.37%) is up +0.21%. Sep gasoline (RBU14 +0.88%) is up +0.71%. Dec gold (GCZ14 +0.41%) is up +0.47%. Sep copper (HGU14 -1.08%) is down -1.11% at a 2-week low. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.44%) is up +0.43% at a 10-3/4 month high. EUR/USD (^EURUSD) is down -0.25% at an 8-3/4 month low. USD/JPY (^USDJPY) is down -0.22%. Increased safe-haven demand from a slide in stocks has boosted U.S. and German government bonds with Sep T-note prices (ZNU14 +0.20%) up +8.5 ticks at a 2-week high and as the yield on the 10-year German bund fell to 1.100%, the lowest on record.
German Jun factory orders unexpectedly fell -3.2% m/m, much weaker than expectations of +0.9% m/m and the largest monthly decline in 2-3/4 years. On an annual basis Jun factory orders fell -2.4%, weaker than expectations of +1.1% y/y.
UK Jun industrial production rose +0.3% m/m and +1.2% y/y, weaker than expectations of +0.6% m/m and +1.5% y/y.
UK Jun manufacturing production rose +0.3% m/m and +1.9% y/y, less than expectations of +0.6% m/m and +2.1% y/y.
UK Jul Halifax house prices rose +1.4% m/m and +10.2% in the three months through Jul, more than expectations of +0.4% m/m and +9.6% in the three months through Jul.
The Japan Jun leading index CI rose +0.7 to 105.5, right on expectations. The Jun coincident index fell -0.9 to 109.4, a larger decline than expectations of -0.7 to 109.6 and the lowest in 10 months.

U.S. STOCK PREVIEW

Today’s U.S. June trade deficit is expected to widen slightly to -$44.8 billion from -$44.4 billion in May. The markets will be watching today’s weekly MBA mortgage apps report for an update on mortgage market activity and the implications for home sales.
There are 47 of the S&P 500 companies that report earnings today with notable reports including: Time Warner (consensus $0.84), Devon Energy (1.40), Molson Coors (1.47), Cheasapeake (0.44), Ralph Lauren (1.76). Equity conferences for the remainder of this week include: CFA Society of Minnesota InvestMNt Conference on Wed, Black Hat USA 2014 on Wed-Thu, Needham Advanced Industrial Technologies Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Sprint (S -1.22%) slumped 17% in pre-market trading after a person with knowledge of the matter said the company ended talks to acquire T-Mobile.
Time Warner (TWX -0.40%) dropped 12% in pre-market trading after 21st Century Fox withdrew its takeover bid for the company.
DISH (DISH -0.45%) reported Q2 EPS of 46 cents, below consensus of 51 cents
Cablevision (CVC -7.04%) was upgraded to 'Neutral' from 'Sell' at Citigroup.
Tesla (TSLA -0.01%) was initiated with an 'Outperform' at Pacific Crest with a price target of $316.
Peugeot (PEUGY +1.45%) was upgraded to 'Neutral' from 'Sell' at Citigroup.
Credit Agricole (CRARY +0.87%) was upgraded to 'Buy' from 'Hold' at Deutsche Bank.
Cerner (CERN -1.45%) will acquire Siemens Health Services (SIEGY -1.38%) for $1.3 billion in cash.
Disney (DIS -0.56%) rose over 1% in after-hours trading after it reported Q3 EPS of $1.28, above consensus of $1.17.
Activision Blizzard (ATVI -1.11%) rose over 3% in after-hours trading after it reported Q2 EPS of 6 cents, three time more than consensus of 2 cents.
Groupon (GRPN +0.71%) sank 17% in after-hours trading after it reported Q2 EPS of 1 cent, right on consensus, but then lowered guidance on Q3 EPS to zero to 2 cents, below consensus of 3 cents.

MARKET COMMENTS

Sep E-mini S&Ps (ESU14 -0.26%) this morning are down -6.50 points (-0.34%) at a new 2-month low. The S&P 500 index on Tuesday slumped to a 2-month low and closed lower: S&P 500 -0.97%, Dow Jones -0.84%, Nasdaq -0.87%. Negative factors included (1) concern over escalation of the Ukraine crisis after Poland's Foreign Minister said Russia is amassing troops on the Ukraine border and are poised to invade Ukraine, and (2) Chinese economic concerns after the China HSBC Jul services PMI dropped -3.1 to 50.0, the lowest since the data series began in 2005. Stocks ignored bullish factors that included (1) the Jul ISM non-manufacturing index that rose +2.7 to an 8-1/2 year high of 58.7, and (2) the +1.1% increase in Jun factory orders, stronger than expectations of +0.6%.
Sep 10-year T-notes (ZNU14 +0.20%) this morning are up +8.5 ticks at a 2-week high. Sep 10-year T-note futures prices on Tuesday erased early losses and closed little changed after a slide in stocks boosted safe-haven demand for T-notes. T-notes had been lower most of the day on concern the Fed may hike interest rates sooner-than-expected after Jun factory orders rose more than expected and after the Jul ISM non-manufacturing index expanded at its fastest pace in 8-1/2 years. Closes: TYU4 +0.50, FVU4 -1.25.
The dollar index (DXY00 +0.44%) this morning is up +0.350 (+0.43%) at a 10-3/4 month high. EUR/USD (^EURUSD) is down -0.0034 (-0.25%) at an 8-3/4 month low and USD/JPY (^USDJPY) is down -0.23 (-0.22%). The dollar index on Tuesday jumped to a 10-1/2 month high but fell back on profit taking and closed unchanged. The dollar had moved higher after the larger-than-expected increase in the Jul ISM non-manufacturing index to an 8-1/2 year high and the stronger than expected Jun factory orders added to evidence the U.S. economy is gathering steam. EUR/USD slipped to an 8-3/4 month low as expectations the Fed will tighten monetary policy before the ECB, which boosted the dollar's interest rate differentials against the euro. Closes: Dollar index unch, EUR/USD -0.00458 (-0.34%), USD/JPY +0.026 (+0.03%).
Sep WTI crude oil (CLU14 +0.37%) this morning is up +20 cents (+0.21%) and Sep gasoline (RBU14 +0.88%) is up +0.0192 (+0.71%). Sep crude and gasoline prices on Tuesday closed lower with Sep gasoline at a 6-month low: CLU4 -0.91 (-0.93%), RBU4 -0.0094 (-0.34%). Bearish factors included (1) the rally in the dollar index to a 10-1/2 month high, and (2) concern that the shutdown of the Coffeyville, Kansas, refinery last week will lead to an increase in inventories at Cushing, Oklahoma, the delivery point of WTI futures, when EIA weekly inventory data is released on Wednesday.

GLOBAL EVENT CALENDAR08/06/2014

US	0700 ET	Weekly MBA mortgage applications, previous -2.2% with purchase sub-index +0.2% and refi sub-index -4.0%.
	0830 ET	Jun trade balance expected -$44.8 billion, May -$44.4 billion.
	0900 ET	Treasury announces amount of 3-year T-notes (previous $27 billion), 10-year T-notes (previous $21 billion) and 30-year T-bonds (previous $13 billion) to be auctioned Aug 12-14 in the Aug quarterly refunding.
	1030 ET	EIA Weekly Petroleum Status Report.
JPN	0100 ET	Japan Jun coincident index expected -1.7 to 109.6, May 111.3. Jun leading index CI expected +0.6 to 105.4, May 104.8.
GER	0200 ET	German Jun factory orders expected +0.9% m/m and +1.1% y/y, May -1.7% m/m and +5.5% y/y.
UK	0430 ET	UK Jun industrial production expected +0.6% m/m and +1.5% y/y, May -0.7% m/m and +2.3% y/y.
	0430 ET	UK Jun manufacturing production expected +0.6% m/m and +2.1% y/y, May -1.3% m/m and +3.7% y/y.

U.S. STOCK CALENDAR08/06/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Time Warner Inc	TWX US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.844
Devon Energy Corp	DVN US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	1.397
Rowan Cos Plc	RDC US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.223
Denbury Resources Inc	DNR US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.272
Spectra Energy Corp	SE US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.295
Cognizant Technology Solutions Corp	CTSH US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.625
Chesapeake Energy Corp	CHK US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.436
Molson Coors Brewing Co	TAP US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	1.468
CenterPoint Energy Inc	CNP US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	0.235
Parker Hannifin Corp	PH US	7:30	Q4 2014 Earnings Release	Q4 2014	2.076
Mondelez International Inc	MDLZ US	8:00	Q2 2014 Earnings Release	Q2 2014	0.388
Ralph Lauren Corp	RL US	8:00	Q1 2015 Earnings Release	Q1 2015	1.757
Cognizant Technology Solutions Corp	CTSH US	8:00	Q2 2014 Earnings Call	Q2 2014
Viacom Inc	VIAB US	8:30	Q3 2014 Earnings Call	Q3 2014
Ralph Lauren Corp	RL US	9:00	Q1 2015 Earnings Call	Q1 2015
Spectra Energy Corp	SE US	9:00	Q2 2014 Earnings Call	Q2 2014
Chesapeake Energy Corp	CHK US	9:00	Q2 2014 Earnings Call	Q2 2014
EOG Resources Inc	EOG US	9:00	Q2 2014 Earnings Call	Q2 2014
Mondelez International Inc	MDLZ US	10:00	Q2 2014 Earnings Call	Q2 2014
Time Warner Inc	TWX US	10:30	Q2 2014 Earnings Call	Q2 2014
Devon Energy Corp	DVN US	11:00	Q2 2014 Earnings Call	Q2 2014
ONEOK Inc	OKE US	11:00	Q2 2014 Earnings Call	Q2 2014
Parker Hannifin Corp	PH US	11:00	Q4 2014 Earnings Call	Q4 2014
Rowan Cos Plc	RDC US	11:00	Q2 2014 Earnings Call	Q2 2014
Denbury Resources Inc	DNR US	11:00	Q2 2014 Earnings Call	Q2 2014
Molson Coors Brewing Co	TAP US	11:00	Q2 2014 Earnings Call	Q2 2014
CenterPoint Energy Inc	CNP US	12:30	Q2 2014 Earnings Call	Q2 2014
Cimarex Energy Co	XEC US	13:00	Q2 2014 Earnings Call	Q2 2014
Molson Coors Brewing Co	TAP US	14:00	Q2 2014 Earnings Call - Follow-up Session	C2 2014
Twenty-First Century Fox Inc	FOXA US	16:00	Q4 2014 Earnings Release	Q4 2014	0.385
Twenty-First Century Fox Inc	FOXA US	16:30	Q4 2014 Earnings Call	Q4 2014
CenturyLink Inc	CTL US	17:00	Q2 2014 Earnings Call	Q2 2014
Keurig Green Mountain Inc	GMCR US	17:00	Q3 2014 Earnings Call	Q3 2014
Symantec Corp	SYMC US	17:00	Q1 2015 Earnings Call	Q1 2015
Dun & Bradstreet Corp/The	DNB US	Aft-mkt	Q2 2014 Earnings Release	Q2 2014	1.347
CenturyLink Inc	CTL US	Aft-mkt	Q2 2014 Earnings Release	Q2 2014	0.647
Keurig Green Mountain Inc	GMCR US	Aft-mkt	Q3 2014 Earnings Release	Q3 2014	0.878
Transocean Ltd	RIG US	Aft-mkt	Q2 2014 Earnings Release	Q2 2014	1.11
CF Industries Holdings Inc	CF US	Aft-mkt	Q2 2014 Earnings Release	Q2 2014	6.695
Integrys Energy Group Inc	TEG US	Aft-mkt	Q2 2014 Earnings Release	Q2 2014	0.463
QEP Resources Inc	QEP US	Aft-mkt	Q2 2014 Earnings Release	Q2 2014	0.326
Essex Property Trust Inc	ESS US	Aft-mkt	Q2 2014 Earnings Release	Q2 2014	2.029
Prudential Financial Inc	PRU US	Aft-mkt	Q2 2014 Earnings Release	Q2 2014	2.345
Symantec Corp	SYMC US	Aft-mkt	Q1 2015 Earnings Release	Q1 2015	0.421
Viacom Inc	VIAB US		Q3 2014 Earnings Release	Q3 2014	1.434
Leucadia National Corp	LUK US		Q2 2014 Earnings Release	Q2 2014

Devin Energy - Barchart's Chart of the Day

Devon Energy (DVN) is the Barchart Chart of the Day.   The stock has a Trend Spotter buy signal, a Weighted Alpha of 55.63% and gained 52.24% in the last month.



The Chart of the Day belongs to Devon Energy (DVN). I found the independent energy stock by sorting the New High list for new high frequency in the last month, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 2/7 the stock gained 29.76%.

DVN is an independent energy company engaged primarily in oil and gas exploration, development and production, and in the acquisition of producing properties. Devon currently owns oil and gas properties concentrated in four operating divisions: the Northern Division, the Southern Division, Canada and the International Division.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 9.03% in the last month
• Relative Strength Index 80.48%
• Barchart computes a technical support level at 78.28
• Recently traded at 79.02 with a 50 day moving average of 73.11

Fundamental factors:

• Market Cap $32.19 billion
• P/E 15.98
• Dividend yield 1.22%
• Revenue predicted to grow 36.80% this year and another 10.90% next year
• Earnings estimated to increase 35.70% this year, an additional 10.60% next year and continue to increase annually at a rate of 14.27% for the next 5 years
• Wall Street analysts issued 7 strong buy, 11 buy and 13 hold recommendations on the stock

Energy stocks can rise and fall quickly.  Monitor the 50 day moving average and exit at the 100 day moving average.

BARCHART MORNING CALL 2/19

BARCHART MORNING CALL

Wednesday, February 19th, 2014View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH14 -0.34%) this morning are down -0.34% and European stocks are down -0.55% as emerging-market currencies dropped after anti-government protests escalated in Ukraine and Thailand. Asian stocks closed mixed: Japan -0.52%, Hong Kong +0.34%, China +1.15%, Taiwan +0.24%, Australia +0.29%, Singapore +0.59%, South Korea -0.29%, India +0.43%. China's Shanghai Stock Index erased early losses and rallied up to a 2-month high and closed higher after Chinese money-market rates dropped to a 9-month low. Commodity prices are mixed. Mar crude oil (CLH14 +0.68%) is up +0.45%. Mar gasoline (RBH14 -0.08%) is down -0.20%. Apr gold (GCJ14 -0.54%) is down -0.39%. March copper (HGH14 +0.03%) is down -0.12%. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.03%) is up +0.01%. EUR/USD (^EURUSD) is down -0.09%. USD/JPY (^USDJPY) is down -0.38%. March T-note prices (ZNH14 +0.17%) are up +9 ticks at a 1-week high.
UK Jan jobless claims fell -27,600, a bigger decline than expectations of -20,000. The Jan claimant count rate fell -0.1 to 3.6%, right on expectations and the lowest in 5 years.
The UK Dec ILO unemployment rate unexpectedly rose +0.1 to 7.2% in the three months through Dec, higher than expectations of unch at 7.1%.
Eurozone Dec construction output rose +0.9% m/m and fell -0.2% y/y, while Nov was revised upward to -0.2% m/m and -1.6% y/y from the originally reported -0.6% m/m and -1.7% y/y.
Japan Jan nationwide department store sales rose +2.9% y/y, the most in 7-months.
The Japan Dec leading index CI was revised down ward to 111.7 from the originally reported 112.1, still the highest level in 6-1/2 years.
The Japan Dec all industry activity index unexpectedly fell -0.1% m/m, weaker than expectations of +0.1% m/m.

U.S. STOCK PREVIEW

Today’s Jan housing starts report is expected to show a -4.9% decline to 950,000, adding to the -9.8% decline to 999,000 seen in December. Meanwhile, Jan building permits are expected to fall by -1.6% to 975,000, adding to December’s decline of -2.6% to 991,000. Today’s Jan PPI report is expected to strengthen slightly to +1.2% y/y from +1.1% in December. The Jan core PPI is expected to jump to +1.4% y/y from +1.1% in December.
There are 8 of the S&P 500 companies that report earnings today: Devon Energy (consensus $1.08), Host Hotels (0.31), Garmin (0.62), Health Care REIT (0.97), Allegion (0.59), Marriott (0.49), Williams Companies (0.21), Safeway (0.48). Equity conferences during the remainder of this week include EnerCom Oil & Services Conference on Tue-Wed, Mitsubishi Tokyo Utility Conference on Tue-Wed, Consumer Analyst Group of New York Conference on Tue-Fri, and Barclays Industrial Select Conference on Wed-Thu.

OVERNIGHT U.S. STOCK MOVERS

Con-way (CNW -0.08%) was downgraded to 'Hold' from 'Buy' at Wunderlich.
Zale (ZLC -0.20%) surged over 40% in pre-market trading after it agreed to be acquired by Signet Jewelers for $1.4 billion or $21 per share.
Garmin (GRMN +2.37%) reported Q4 EPS of 76 cents, stronger than consensus of 62 cents.
Host Hotels & Resorts (HST -0.68%) reported Q4 EPS of 33 cents, better than consensus of 31 cents.
Crossroads (CRDS -1.27%) filed patent infringement suits against Cisco (CSCO -0.66%) , NetApp (NTAP -0.25%) and Quantum (QTM +4.35%) .
Forest Labs reported a 13.2% stake in Trevena (TRVN +0.87%) .
Oceaneering (OII +1.85%) reported Q4 EPS of 86 cents, better than consensus of 84 cents.
CF Industries (CF -2.36%) reported Q4 EPS of $5.71, well ahead of consensus of $4.49.
Panera Bread (PNRA -2.83%) reported Q4 EPS of $1.96, better than consensus of $1.94.
Herbalife (HLF +3.83%) gained 3% in after-hours trading after it reported Q4 adjusted EPS of $1.28, higher than consensus of $1.25.
Flowserve (FLS -0.21%) reported Q4 adjusted EPS of $1.10, stronger than consensus of $1.01.
Fluor (FLR +0.58%) reported Q4 EPS of $1.01, higher than consensus of 98 cents.
Analog Devices (ADI +0.91%) reported Q1 EPS ex-items of 49 cents, better than consensus of 48 cents.
Bruker (BRKR -0.64%) reported Q4 adjusted EPS of 31 cents, higher than consensus of 28 cents.
Columbia Sportswear (COLM +2.21%) reported Q4 EPS of $1.05, stronger than consensus of 92 cents.

MARKET COMMENTS

Mar E-mini S&Ps (ESH14 -0.34%) this morning are down -6.25 points (-0.34%). The S&P 500 on Tuesday rebounded from early losses and posted a 3-week high as weaker-than-expected U.S. economic data was offset by increased M&A activity. The Feb Empire manufacturing index fell -8.03 to 4.48, a bigger decline than expectations of -4.01 to 8.50, and the Feb NAHB housing market index unexpectedly plunged -10 points to a 9-month low of 46. Stocks recovered on increased M&A activity after Actavis Plc agreed to buy Forest Laboratories for $25 billion. Closes: S&P 500 +0.12%, Dow Jones -0.15%, Nasdaq 100 +0.42%.
Mar 10-year T-notes (ZNH14 +0.17%) this morning are up +9 ticks at a 1-week high. Mar 10-year T-note futures prices on Tuesday rose to a 1-week high on speculation the U.S. economy is stumbling after the Feb Empire manufacturing index fell more than expected and the Feb NAHB housing market index unexpectedly plunged to a 9-month low. Closes: TYH4 +10.00, FVH4 +7.00.
The dollar index (DXY00 +0.03%) this morning is up +0.007 (+0.01%). EUR/USD (^EURUSD) is down -0.0012 (-0.09%). USD/JPY (^USDJPY) is down -0.39 (-0.38%). The dollar index on Tuesday closed lower on bigger-than-expected declines in the Feb Empire manufacturing index and the Feb NAHB housing market index. USD/JPY posted a 2-week high as the yen weakened after Japan Q4 GDP was weaker than expected and after the BOJ increased and extended its lending programs, a sign of easier monetary policy. Closes: Dollar index -0.128 (-0.16%), EUR/USD +0.00658 (+0.48%), USD/JPY +0.573 (+0.56%).
Mar WTI crude oil (CLH14 +0.68%) this morning is up +46 cents (+0.45%) and Mar gasoline (RBH14 -0.08%) is down -0.0058 (-0.20%). Mar crude and gasoline prices Tuesday closed higher. Mar crude rose to a 4-month high and Mar gasoline posted a 1-3/4 month nearest-futures high on bullish factors that included (1) a weaker dollar, (2) a rally in the S&P 500 to a 3-week high, and (3) expectations for the EIA to report on Thu that crude supplies at Cushing, OK, the delivery point for WTI futures, fell -1 million bbl as flows increased through the southern portion of the Keystone XL pipeline from Cushing to the Gulf Coast. Closes: CLH4 +2.13 (+2.12%), RBH4 +0.0270 (+0.96%).

GLOBAL EVENT CALENDAR02/19/2014

US	0700 ET	Weekly MBA mortgage applications, previous -2.0% with purchase sub-index -5.0% and refi sub-index -0.2%.
	0830 ET	Jan housing starts expected -4.9% to 950,000, Dec -9.8% to 999,000. Jan building permits expected -1.6% to 975,000, Dec -2.6% to 991,000.
	0830 ET	Jan PPI expected+0.1% m/m and +1.2% y/y, Dec +0.1% m/m and +1.1% y/y. Jan PPI ex food & energy expected +0.1% m/m and +1.4% y/y, Dec +0.3% m/m and +1.1% y/y.
	1215 ET	Atlanta Fed President Dennis Lockhart speaks on the economic outlook at Mercer University.
	1300 ET	St. Louis Fed President James Bullard speaks to the Exchequer Club in Washington D.C.
	1400 ET	Fed releases minutes from the Jan 28-29 FOMC meeting.
	1900 ET	San Francisco Fed President John Williams speaks on the economy to the Money Marketeers of NYU.
JPN	0000 ET	Revised Japan Dec leading index CI, previous 112.1. Revised Dec coincident index, previous 111.7.
	0000 ET	BOJ monthly economic report for Feb.
	0030 ET	Japan Jan nationwide department store sales, Dec +1.7% y/y.
	1850 ET	Japan Jan trade balance expected -2.487 trillion yen, Dec -1.304 trillion yen. Jan exports expected +12.7% y/y, Dec +15.3% y/y. Jan imports expected +22.7% y/y, Dec +24.7% y/y.
UK	0430 ET	Minutes of the Feb 5-6 BOE policy meeting.
	0430 ET	UK Jan jobless claims change expected -20,000, Dec -24,000. Jan claimant count rate expected -0.1 to 3.6%, Dec 3.7%.
	0430 ET	UK Dec ILO unemployment rate expected unch at 7.1% 3-months through Dec, Nov 7.1% 3-months through Nov. Dec avg weekly earnings expected +1.0% 3-mo avg y/y, Nov +0.9% 3-mo avg y/y. Dec avg weekly earnings ex-bonus expected +1.0% 3o avg y/y, Nov +0.9% 3-mo avg y/y.
EUR	0500 ET	Eurozone Dec construction output, Nov -0.6% m/m and -1.7% y/y.
CHI	2045 ET	China Feb HSBC/Markit flash manufacturing PMI expected unch at 49.5, Jan 49.5.

U.S. STOCK CALENDAR02/19/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Devon Energy Corp	DVN US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	1.081
Host Hotels & Resorts Inc	HST US	6:00	Q4 2013 Earnings Release	Q4 2013	0.313
Garmin Ltd	GRMN US	7:00	Q4 2013 Earnings Release	Q4 2013	0.617
Health Care REIT Inc	HCN US	7:30	Q4 2013 Earnings Release	Q4 2013	0.974
Edison International	EIX US	9:00	Investor Meeting	Y 2014
Bank of America Corp	BAC US	9:30	Hearing on Bank of Americas $8.5 billion Accord with Mortgage-Bond Investors
Dover Corp	DOV US	9:30	Analyst Day	Y 2014
Health Care REIT Inc	HCN US	10:00	Q4 2013 Earnings Call	Q4 2013
CF Industries Holdings Inc	CF US	10:00	Q4 2013 Earnings Call	Q4 2013
Host Hotels & Resorts Inc	HST US	10:00	Q4 2013 Earnings Call	Q4 2013
Garmin Ltd	GRMN US	10:30	Q4 2013 Earnings Call	Q4 2013
Devon Energy Corp	DVN US	11:00	Q4 2013 Earnings Call	Q4 2013
Flowserve Corp	FLS US	11:00	Q4 2013 Earnings Call	Q4 2013
Nabors Industries Ltd	NBR US	11:00	Q4 2013 Earnings Call	Q4 2013
Allegion PLC	ALLE US	17:00	Q4 2013 Earnings Release	Q4 2013	0.59
Marriott International Inc/DE	MAR US	17:00	Q4 2013 Earnings Release	Q4 2013	0.494
Safeway Inc	SWY US	17:00	Q4 2013 Earnings Call	Q4 2013
Williams Cos Inc/The	WMB US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	0.213
Safeway Inc	SWY US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	0.484
American Electric Power Co Inc	AEP US		Roadshow - Japan - Day 3	Y 2014
E*TRADE Financial Corp	ETFC US		January 2014 Sales and Revenue Release - Activities Report	2014

Barchart Moring Call 8/7

Barchart Morning Call

BC - 2 hrs 23 mins ago

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OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU13 -0.37%) this morning are down -0.32% and European stocks are down -0.08%. Asian stocks closed mostly lower: Japan -4.00%, Hong Kong -1.53%, China -0.57%, Taiwan -1.46%, Australia -1.85%, Singapore +0.16%, South Korea -1.64%, India -0.36%. Global stocks retreated on speculation the Fed may be nearer to tapering stimulus after hawkish comments Tuesday from Chicago Fed President Evans who said he "would not rule out" a decision to begin cutting bond purchases as soon as September. GBP/USD erased early losses and climbed to a 5-week high as the British pound rallied after the BOE hiked its UK growth projections for this year and next. Commodity prices are mixed. Sep crude oil (CLU13 -0.08%) is up +0.05%, Sep gasoline (RBU13 -0.16%) is down -0.10%, Dec gold (GCZ13 -0.48%) is down -0.51% at a 3-week low on speculation the Fed will soon begin to trim stimulus, and Sep copper (HGU13 -0.96%) is down -0.69%. Agricultural prices are mixed. The dollar index (DXY00 -0.04%) is down -0.05%. EUR/USD (^EURUSD) is down -0.06% and USD/JPY (^USDJPY) is down -0.45% at a 1-1/2 month low as the yen strengthens on speculation the BOJ probably won't expand stimulus measures at its 2-day meeting that ends tomorrow. September T-note prices (ZNU13 +0.05%) are up +2.5 ticks on weak stocks.
The BOE in its monthly inflation report raised its UK 2013 and 2014 GDP estimates to 1.5% and 2.7% from 1.2% and 1.9% forecast in May. The BOE also said it sees inflation cooling gradually and reaching its 2% target in Q4 of 2015. BOE Governor Carney for the first time linked the monetary policy outlook to unemployment when he said that "while the unemployment rate remains above 7%, the Monetary Policy Committee (MPC) stands ready to undertake further asset purchases if further stimulus is warranted. But until the unemployment threshold is reached the MPC intends not to reduce the stock of asset purchases from the current 375 billion pounds."
The UK July Lloyds employment confidence climbed to -22 from -33 in June, its highest level in 5-3.4 years.
German Jun industrial production rose +2.4% m/m and +2.0% y/y, much stronger than expectations of +0.3% m/m and -0.3% y/y, with the +2.4% m/m increases the biggest monthly gain in 23-months.

U.S. STOCK PREVIEW

The Treasury today will sell $24 billion in 10-year T-notes in a new issue as opposed to a reopening of an existing issue. The Treasury on Thursday will conclude this week’s $72 billion Treasury coupon package by selling $16 billion in 30-year T-bonds. Today’s 10-year T-note was trading at 2.65% in when-issued trading late yesterday afternoon. There are 11 of the S&P 500 companies that report earnings today: Devon Energy (consensus $0.95), Pepco Holdings (0.23), Time Warner (0.76), Duke Energy (0.93), Marsh & McLennan (0.67), Molex (0.35), Ralph Lauren (1.94), Mondelez (0.34), Prudential Financial (1.99), CenturyLink (0.66), and Frontier Communications (0.06).
Conferences during the remainder of this week include the Mitsubishi Technology Tour on Mon-Thu, JP Morgan Oil & Gas Corporate Access on Wed, Goldman Sachs Power and Utility Conferenceon Thu, and Nasdaq Summer Analyst Conference on Fri.

OVERNIGHT U.S. STOCK MOVERS

Fossil (FOSL +17.81%) was downgraded to "Neutral" from "Buy" at Citigroup, although Citigroup raised its price target on the stock to $135 from $125.
Marsh & McLennan (MMC -0.47%) reported Q2 EPS of 72 cents, better than consensus of 67 cents.
Devon Energy (DVN -0.36%) reported Q2 EPS of $1.21, well ahead of consensus of 95 cents.
Time Warner (TWX -0.60%) reported Q2 EPS of 83 cents, stronger than consensus of 76 cents.
Marathon Oil (MRO -2.51%) reported Q2 adjusted EPS of 67 cents, lower than consensus of 71 cents.
Live Nation (LYV -1.86%) reported Q2 EPS of 30 cents, well ahead of consensus of 10 cents.
C.H. Robinson (CHRW -0.13%) reported Q2 EPS of 70 cents, weaker than consensus of 74 cents.
URS Corporation (URS -3.95%) reported Q2 non-GAAP EPS of $1.16, better than consensus of 96 cents.
First Solar (FSLR -2.32%) fell over 9% in after-hours trading after it reported Q2 EPS of 39 cents, weaker than consensus of 52 cents, and lowered guidance on its fiscal 2013 EPS outlook to $3.75-$4.25 from $4.00-$4.50.
Disney (DIS +1.56%) reported Q3 EPS ex-items of $1.03, better than consensus of $1.01.
21st Century Fox (FOXA -0.41%) reported Q4 adjusted EPS of 31 cents, lower than consensus of 34 cents.
CF Industries (CF -1.84%) reported Q2 EPS of $8.38, better than consensus of $7.64.
Genpact (G -0.14%) reported Q2 adjusted EPS of 32 cents, well ahead of consensus of 25 cents, but then said it sees fiscal 2013 revenue at the lower half of $2.15 billion-$2.2 billion, below consensus of $2.19 billion.
Sotheby's (BID -0.51%) reported Q2 EPS of $1.33, weaker than consensus of $1.37.
According to Bloomberg, Amgen (AMGN -2.06%) is set to boost its bid for Onyx (ONXX -1.03%) to $130 per share.

MARKET COMMENTS

Sep E-mini S&Ps (ESU13 -0.37%) this morning are down -5.50 points (-0.32%). The S&P 500 index on Tuesday closed lower, led by a decline in retailers, after a Janney Montgomery analyst downgraded the retail softline sector to “underweight” from “neutral.” Stocks failed to garner much support from the smaller-than-expected U.S. Jun trade deficit of -$34.2 billion, the lowest in 3-1/2 years, which should lead to an upward revision of Q2 GDP. Closes: S&P 500 -0.57%, Dow Jones -0.60%, Nasdaq 100 -0.67%.
Sep 10-year T-notes (ZNU13 +0.05%) this morning are up +2.5 ticks. Sep 10-year T-note prices on Tuesday closed little changed as increased demand for Treasuries because of a slide in stocks was offset by comments from Chicago Fed President Evans who said he would “clearly not rule out” a tapering of stimulus in September. Closes: TYU3 +0.50, FVU3 +0.25.
The dollar index (DXY00 -0.04%) this morning is down -0.042 (-0.05%). EUR/USD (^EURUSD) is down -0.0008 (-0.06%) and USD/JPY
(^USDJPY)is down -0.44 (-0.45%). The dollar index on Tuesday closed lower. EUR/USD strengthened after German Jun factory orders jumped +3.8% m/m, the biggest increase in 8 months. USD/JPY slipped to a 6-week low as the yen strengthened on increased safe-haven demand as stocks faltered. Closes: Dollar index -0.272 (-0.33%), EUR/USD +0.00468(+0.35%), USD/JPY -0.555 (-0.56%).
Sep WTI crude oil (CLU13 -0.08%) this morning is up +5 cents a barrel (+0.05%) and Sep gasoline (RBU13 -0.16%) is down -0.0029 (-0.10%). Sep crude oil and gasoline prices on Tuesday closed lower. Crude prices fell as stocks weakened and after the EIA in its Short-Term Energy Outlook raised its U.S. crude production forecast to 7.4 million barrels a day in 2013 and 8.2 million in 2014, 100,000 barrels a day higher than last month’s forecast. Gasoline prices tumbled to a 4-week low after the value for 2013 Renewable Identification Numbers, or RINS, slumped to a 2-month low. Refiners must buy the RINs in lieu of blending ethanol into gasoline to meet federal requirements for biofuel use. Closes: CLU3 -1.26 (-1.18%), RBU3 -0.0355 (-1.20%).

GLOBAL EVENT CALENDAR08/07/2013

US	0700 ET	Weekly MBA mortgage applications, previous -3.7% with purchase sub-index -3.4% and refi sub-index -3.8%.
	1030 ET	EIA Weekly Petroleum Status Report.
	1230 ET	Philadelphia Fed President Charles Plosser speaks on the economic outlook at an event in Washington D.C.
	1300 ET	Treasury auctions $24 billion 10-year T-notes.
	1340 ET	Cleveland Fed President Sandra Pianalto speaks on monetary policy and the economic outlook at an event in Cleveland.
	1500 ET	Jun consumer credit expected $15.00 billion, May $19.615 billion.
UK	0430 ET	UK July Lloyds employment confidence, Jun -33.
	0530 ET	BOE releases monthly inflation report.
GER	0600 ET	German Jun industrial production expected +0.3% m/m (s/a) and -0.3% y/y, May -1.0% m/m (sa) and -1.0% y/y.
JPN	1950 ET	Japan Jun trade balance balance-of-payment basis expected -128.7 billion yen, May -906.7 billion yen.
CHI	n/a	China July trade balance expected +$26.45 billion, Jun +$27.12 billion. July exports expected +2.0% y/y, Jun 3.1% y/y. July imports expected +1.0% y/y, Jun -0.7% y/y.

U.S. STOCK CALENDAR08/07/2013

Company Name	Symbol	Time	Event Description	Period	EPS Est (US$)
Devon Energy Corp	DVN US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	0.95
Pepco Holdings Inc	POM US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	0.233
Time Warner Inc	TWX US	7:00	Q2 2013 Earnings Release	Q2 2013	0.759
Duke Energy Corp	DUK US	7:00	Q2 2013 Earnings Release	Q2 2013	0.93
Marsh & McLennan Cos Inc	MMC US	7:00	Q2 2013 Earnings Release	Q2 2013	0.673
Molex Inc	MOLX US	7:30	Q4 2013 Earnings Release	Q4 2013	0.346
Ralph Lauren Corp	RL US	8:00	Q1 2014 Earnings Release	Q1 2014	1.944
Marathon Oil Corp	MRO US	8:00	Q2 2013 Earnings Call	Q2 2013
Integrys Energy Group Inc	TEG US	8:00	Analyst Day	Y 2013
Marsh & McLennan Cos Inc	MMC US	8:30	Q2 2013 Earnings Call	Q2 2013
Ralph Lauren Corp	RL US	9:00	Q1 2014 Earnings Call	Q1 2014
EOG Resources Inc	EOG US	9:00	Q2 2013 Earnings Call	Q2 2013
Molex Inc	MOLX US	9:30	Q4 2013 Earnings Call	Q4 2013
Duke Energy Corp	DUK US	10:00	Q2 2013 Earnings Call	Q2 2013
CF Industries Holdings Inc	CF US	10:00	Q2 2013 Earnings Call	Q2 2013
Pepco Holdings Inc	POM US	10:00	Q2 2013 Earnings Call	Q2 2013
Time Warner Inc	TWX US	10:30	Q2 2013 Earnings Call	Q2 2013
Devon Energy Corp	DVN US	11:00	Q2 2013 Earnings Call	Q2 2013
Mondelez International Inc	MDLZ US	16:00	Q2 2013 Earnings Release	Q2 2013	0.341
Prudential Financial Inc	PRU US	16:07	Q2 2013 Earnings Release	Q2 2013	1.992
Frontier Communications Corp	FTR US	16:30	Q2 2013 Earnings Call	Q2 2013
Mondelez International Inc	MDLZ US	17:00	Q2 2013 Earnings Call	Q2 2013
CenturyLink Inc	CTL US	17:00	Q2 2013 Earnings Call	Q2 2013
CenturyLink Inc	CTL US	Aft-mkt	Q2 2013 Earnings Release	Q2 2013	0.664
Frontier Communications Corp	FTR US	Aft-mkt	Q2 2013 Earnings Release	Q2 2013	0.059