BARCHART MORNING CALL 6/1

BARCHART MORNING CALL

Monday, June 1st, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM15 +0.23%) this morning are little changed, down -0.06% ahead of U.S. economic data on May ISM manufacturing and Apr personal spending that are expected to show a pickup in growth. European stocks are up +0.02& as they hover just above a 2-week low. Gains in European stocks were limited as Greece's debt payment deadlines draw closer amid a standoff with creditors. Asian stocks closed mixed: Japan +0.03%, Hong Kong +0.63%, China +4.71%, Taiwan -0.78%, Australia -0.72%, Singapore closed for holiday, South Korea -0.63%, India +0.07%. Chinese stocks closed sharply higher after a gauge of Chinese manufacturing activity expanded or a third month. Another positive for Chinese stocks was a report from people familiar with the situation that China was considering doubling the size of a local bond-swap program to 1 trillion yuan ($81 billion) from 500 billion yuan that would be authorized to swap bonds issued by provinces and cities in an attempt to clean up local government finances. The bond-swap program includes inducements for banks to buy new, longer-maturity bonds that may alleviate a funding crunch among Chinese provinces that had threatened to deepen China's economic slowdown.
Commodity prices are mostly lower. Jul crude oil (CLN15 -1.19%) is down -1.04% and Jul gasoline (RBN15 -0.67%) is down -0.61. Metals prices are weaker. Aug gold (GCQ15 -0.26%) is down -0.31% and Jul copper (HGN15 -0.38%) is down -0.24%. Agricultural prices are lower.
The dollar index (DXY00 +0.44%) is up +0.46%. EUR/USD (^EURUSD) is down -0.56%. USD/JPY (^USDJPY) is down -0.07%.

Sep T-note prices (ZNU15 -0.24%) are down -8 ticks.
Speaking at an event in Beijing, San Francisco Fed President John Williams said the U.S. economy is "basically in a good place," and he doesn't worry about a strong dollar weakening U.S. growth. He added that long-term interest rates are expected to rise and to be more normal in the next few years.
The China May manufacturing PMI rose +0.1 to 50.2, weaker than expectations of +0.2 to 50.3. The May non-manufacturing PMI fell -0.2 to 53.2, the slowest pace of expansion in 6-1/3 years.

U.S. STOCK PREVIEW

Key U.S. reports today include: (1) Apr personal spending (expected +0.2% after March's +0.4%) and Apr personal income (expected +0.3% after March's unchanged), (2) Apr PCE deflator (expected +0.2% y/y after March's +0.3% y/y) and Apr PCE core deflator (+1.3% y/y after March's +1.3% y/y), (3) a speech by Boston Fed President Eric Rosengren at the 2015 Workforce Stars Breakfast in Hartford, CT, (4) Apr construction spending (expected +0.7% m/m after March's -0.6% m/m), (5) May ISM manufacturing index (expected +0.5 to 52.0 after April's unchanged at 51.5), and (6) final-May Markit manufacturing PMI (expected unrevised at 53.8 vs prelim-May -0.3 to 53.8).
There is 1 of the Russell 1000 companies that reports earnings today: PVH Corp (consensus $1.38).
U.S. IPO's scheduled to price today include: none.
Equity conferences today include: Stifel Financial Corp WasteExpo Inestor Summit on Mon, American Society of Clinical Oncology Meeting on Mon-Tue, Andean Institutional Real Estate Forum on Mon-Tue, RBC - Conference: Global Energy & Power Executive Conference - New York on Mon-Tue, Jefferies Global Healthcare Conference on Mon-Wed, Bank of America Merrill Lynch Global Telecom & Media Conference on Tue, Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference on Tue, Keefe, Bruyette, & Woods Mortgage Finance Conference on Tue, RBC Global Energy Conference on Tue, Bank of America Merrill Lynch Global Technology Conference on Tue-Wed, Deutsche Bank Global Financial Services Investor Conference on Tue-Wed, KBW Asset Management and Capital Markets Conference on Wed, Sandler O'Neill & Partners Global Exchange and Brokerage Conference on Wed, Deutsche Bank Global Industrials and Basic Materials Conference on Wed-Thu, FBN Securities: Field Trip - 8th Semi-Annual Silicon Valley Tour on Wed-Thu, Credit Suisse Engineering & Construction Conference on Thu, Morgan Stanley Leveraged Finance Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Juniper (JNPR +0.54%) was downgraded to 'Sell' from 'Neutral' at MKM Partners.
Wells Fargo said it sees a potential for 75% upside in DISH (DISH +0.70%) shares.
Duke Energy (DUK -0.29%) was upgraded to 'Outperform' from 'Market Perform' at Bernstein.
Verifone (PAY +0.37%) was upgraded to 'Outperform' from 'Market Perform' at Raymond James.
Enbridge (ENB -1.40%) and Boyd Gaming (BYD -0.28%) were both upgraded to 'Outperform' from 'Neutral' at Credit Suisse.
Coca-Cola (KO -0.44%) was upgraded to 'Outperform' from 'Market Perform' at BMO Capital.
According to DigiTimes, data from Gartner showed Q1 global server shipments up 13% y/y.
Citigroup (C -0.86%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Altera (ALTR +4.00%) jumped over 6% in pre-market trading after people familiar with the matter said that Intel INTC is near a deal to acquire the chipmaker.
Stonepine Capital reported a 5.2% passive stake in Aegerion (AEGR -1.02%) .
O'Reilly Automotive (ORLY -1.41%) increased its stock repurchase authorization by $500 million to $5.5 billion.
Ryanair (RYAAY -2.06%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
Point72 reported a 5.0% passive stake in Achillion (ACHN +5.89%) .

MARKET COMMENTS

June E-mini S&Ps (ESM15 +0.23%) this morning are down -1.25 points (-0.06%). Friday's closes: S&P 500 -0.63%, Dow Jones -0.64%, Nasdaq -0.60%. The S&P 500 on Friday settled lower on the unresolved Greek situation and on the unexpected -6.1 point drop in the May Chicago PMI to 46.2, weaker than expectations of +0.7 to 53.0. Stocks found some support from the final-May U.S. consumer sentiment index, which rose +2.1 to 90.7, stronger than expectations of +0.9 to 89.5.
Sep 10-year T-notes (ZNU15 -0.24%) this morning are down -8 ticks. Friday's closes: TYU5 +9.50, FVU5 +6.50. Sep 10-year T-notes on Friday rallied to a 1-month high on ideas the Fed will be forced to delay a rate hike after Q1 GDP was revised lower to -0.7% from +0.2% and the Chicago PMI was expectedly weak at -6.1 points to 46.2. T-notes also found some carry-over support from a rally in German bunds to a 3-week high on the unresolved Greek debt crisis.
The dollar index (DXY00 +0.44%) this morning is u[ +0.443 (+0.46%). EUR/USD (^EURUSD)is down -0.0062 (-0.56%). USD/JPY (^USDJPY) is down -0.09 (-0.07%). Friday's closes: Dollar Index -0.058 (-0.06%), EUR/USD +0.00413 (+0.38%), USD/JPY +0.153 (+0.12%). The dollar index on Friday closed lower on talk of a delayed Fed rate hike after the downward revision for U.S. Q1 GDP to -0.7% and the unexpected -6.1 point decline in the May Chicago PMI.
July WTI crude oil (CLN15 -1.19%) this morning is down 63 cents (-1.04%). July gasoline (RBN15 -0.67%) is down -0.0126 (-0.61%). Friday's closes: CLN5 +2.62 (+4.54%), RBN5 +0.0922 (+4.68%). Jul crude oil and gasoline on Friday settled sharply higher on the weaker dollar and on the EPA's cut in its corn ethanol mandate levels to 13.4 billion gallons 2015 and 14 billion gallons for 2016 (from 15 billion gallons), which will increase U.S. gasoline usage levels.

GLOBAL EVENT CALENDAR06/01/2015

US	0830 ET	Apr personal spending expected +0.2%, Mar +0.4%. Apr personal income expected +0.3%, Mar unch.
	0830 ET	Apr PCE deflator expected +0.1% m/m and +0.2% y/y, Mar +0.2% m/m and +0.3% y/y. Apr PCE core deflator expected +0.2% m/m and +1.3% y/y, Mar +0.1% m/m and +1.3% y/y.
	0905 ET	Boston Fed President Eric Rosengren speaks from a prepared text at the 2015 Workforce Stars Breakfast in Hartford, CT.
	0945 ET	Final-May Markit manufacturing PMI expected unrevised at 53.8, prelim-May -0.3 to 53.8.
	1000 ET	Apr construction spending expected +0.7% m/m, Mar -0.6% m/m.
	1000 ET	May ISM manufacturing index expected +0.5 to 52.0, Apr unch at 51.5. May ISM new orders, Apr +1.7 to 53.5. May ISM employment, Apr -1.7 to 48.3. May ISM prices paid expected +2.5 to 43.0, Apr +1.5 to 40.5.
	1100 ET	USDA weekly grain export inspections.
	1600 ET	USDA weekly crop progress.
JPN	0100 ET	Japan May vehicle sales, Apr +5.0% y/y.
	2130 ET	Japan Apr labor cash earnings expected +0.4% y/y, Mar unch y/y. Apr real cash earnings, Mar -2.7% y/y.
GER	0355 ET	Revised German May Markit/BME manufacturing PMI, previous -0.7 to 51.4.
	0800 ET	German May CPI (EU harmonized) expected unch m/m and +0.6% y/y, Apr -0.1% m/m and +0.3% y/y.
EUR	0400 ET	Revised Eurozone May Markit manufacturing PMI, previous +0.3 to 52.3.
UK	0430 ET	UK May Markit manufacturing PMI expected +0.6 to 52.5, Apr 51.9.

U.S. STOCK CALENDAR06/01/2015

Company	Ticker	Time	Event Description	Period	Estimate
American Water Works Co Inc	AWK US	8:45	Annual General Meeting - Second Call	Y 2015
Wendy's Co/The	WEN US	10:00	Annual General Meeting
Wendy's Co/The	WEN US	10:00	Annual General Meeting
Staples Inc	SPLS US	16:00	Annual General Meeting
PVH Corp	PVH US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	1.384
Windstream Holdings Inc	WIN US	Aft-mkt	Talen Energy Replaces Windstream Holdings in S&P MidCap 400
Arthur J Gallagher & Co	AJG US		Annual General Meeting
Questar Corp	STR US		Roadshow - Europe - Day 1	Y 2015
UnitedHealth Group Inc	UNH US		Annual General Meeting
Hospitality Properties Trust	HPT US		Annual General Meeting - Proxy Fight
Arista Networks Inc	ANET US		Annual General Meeting

5 Great Mid Caps

Today I use Barchart to sort the S&P 400 Mid Cap Index stocks to find the stocks with the best technical indicators and charts.  Today's list includes Tech Data (TECD), RenaisseanceRe Holdings (RNR), Omega Healthcare Holdings (OHI), MSC Industrial Direct (MSM) and Hospitality Properties Trust (HPT):

Tech Data (TECD)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 12.38% in the last month
• Relative Strength Index 74.64
• Barchart computes a technical support level at 61.37
• Recently traded at 64.65 with a 50 day moving average of 57.58

RenaisseanceRe Holdings (RNR)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 2.83% in the last month
• Relative Strength Index 68.46%
• Barchart computes a technical support level at 97.16
• Recently traded at 99.19 with a 50 day moving average of 95.23

Omega Healthcare Holdings (OHI)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 6.23% in the last month
• Relative Strength Index 66.25%
• Barchart computes a technical support level at 33.43
• Recently traded at 34.44 with a 50 day moving average of 32.41

MSC Industrial Direct (MSM)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 1.90% in the last month
• Relative Strength Index 67.80%
• Barchart computes a technical support level at 86.87
• Recently traded at 90.00 with a 50 day moving average of 85.63

Hospitality Properties Trust (HPT)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 7.87% in the last month
• Relative Strength Index 73.43%
• Barchart computes a technical support level at 28.58
• Recently traded at 29.37 with a 50 day moving average of 27.24

BARCHART MORNING CALL 3/10

BARCHART MORNING CALL

Monday, March 10th, 2014View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH14 -0.12%) this morning are down -0.09% as weak Chinese trade data questions the strength of the global economy, while European stocks are up +0.63% on increased M&A activity and after European investor confidence rose. China Feb exports unexpectedly fell -18.1% y/y, the biggest decline in 4-1/2 years, which fueled concern about the strength of the Chinese economy. The Eurozone Mar Sentix investor confidence climbed to a 2-3/4 year high and Rolls-Royce Holdings Plc gained over 3% and helped lift European stocks after Daimler AG said it will sell a 50% stake in an engine joint venture to Rolls-Royce. Asian stocks closed mostly lower: Japan -1.01%, Hong Kong -1.75%, China -3.25%, Taiwan -0.56%, Australia -0.93%, Singapore -0.31%, South Korea -1.12%, India +0.07%. China's Shanghai Stock Index dropped to a 1-1/2 month low on an unexpected decline in China Feb exports and Japanese stocks closed lower after Japan Q4 GDP was revised lower. Commodity prices are mostly lower. Apr crude oil (CLJ14 -1.32%) is down -1.23%. Apr gasoline (RBJ14 -0.88%) is down -0.84%. Apr gold (GCJ14 -0.10%) is down -0.11%. May copper (HGK14 -2.08%) is down -1.80% at a 7-1/4 month low as weaker-than-expected China trade data fuels concern about Chinese copper demand. Agriculture prices are weaker. The dollar index (DXY00 +0.08%) is up +0.05%. EUR/USD (^EURUSD) is down -0.04%. USD/JPY (^USDJPY) is up +0.04%. June T-note prices (ZNM14 -0.06%) are unchanged.
The China Feb trade balance unexpectedly posted a -$22.99 billion deficit, the biggest deficit in 2-year as expectations were for a +$14.50 billion surplus. Feb exports tumbled -18.1% y/y, weaker than expectations of +7.5% and the biggest decline in 4-1/2 years. Feb imports rose +10.1% y/y, better than expectations of +7.6% y/y and the most in 7-months.
The China Feb CPI rose +2.0% y/y, less than expectations of +2.1% y/y and matched the smallest increase in 16-months. Feb PPI fell -2.0% y/y, a bigger decrease than expectations of -1.9% y/y and the biggest decline in 7-months.
China Feb new loans rose +664.5 billion yuan, less than expectations of +730.0 billion yuan.
The Eurozone Mar Sentix investor confidence rose +0.6 to 13.9, slightly less than expectations of +0.7 to 14.0, but still the highest in 2-3/4 years.
Japan Q4 GDP was revised lower to +0.7% q/q annualized from the previously reported +0.9% q/q annualized. The Q4 deflator was revised up to -0.3% y/y from the originally reported -0.4% y/y.

U.S. STOCK PREVIEW

This week's U.S. economic schedule is light and is weighted towards the end of the week with Feb retail sales, Feb PPI, and the early-March U.S. consumer confidence report. There is only one of the Russell 1000 companies that report earnings today: Urban Outfitters (consensus $0.54).
Equity conferences this week include: BIO-Europe Spring Conference on Mon, Offshore Production Technology Summit 2014 on Mon, Credit Suisse Global Services Conference on Mon-Tue, Deutsche Bank Media, Internet & Telecom Conference on Mon-Wed, CeBIT 2014 on Mon-Wed, 27th International Copper Conference on Tue, ROTH Capital Partners Conference on Tue, Susquehanna Chemicals Conference on Tue, International Strategy Investment Group Industrial Conference on Tue, Bank of America Merrill Lynch Consumer & Retail Conference on Tue-Wed, Piper Jaffray Technology, Media & Telecommunications Conference on Tue-Wed, J.P. Morgan Aviation, Transportation & Industrials Conference on Mon-Wed,
Barclays Global Healthcare Conference on Tue-Thu, Goldman Sachs Agribusiness Conference on Wed, Mitsubishi Oil & Gas Conference on Wed, Barclays Select Series US & EMEA Utilities Sector Update Conference on Wed, Citi Asset Management, Broker Dealer & Exchanges Conference on Wed, Citi Asset Management Conference on Wed, J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on Wed-Thu,
UBS Global Consumer Conference on Wed-Thu, RBC Capital Market Consumer and Retail Conference on Wed-Thu, and Barclays Select Insurance Forum on Thu.

OVERNIGHT U.S. STOCK MOVERS

Ferrellgas Partners (FGP +1.30%) reported Q2 adjusted EPS of 76 cents, below consensus of 85 cents.
D.R. Horton (DHI -1.63%) was downgraded to 'Neutral' from 'Buy' at Citigroup.
Wells Fargo downgraded the Financials sector to 'Market Weight' from 'Overweight' citing weakening earnings momentum.
KB Home (KBH -2.05%) was downgraded to 'Underperform' from 'Buy' at BofA/Merrill.
Archer Daniels Midland (ADM +0.95%) was upgraded to 'Outperform' from 'Market Perform' at BMO Capital.
Alcatel-Lucent (ALU -2.14%) was upgraded to 'Outperform' from 'Market Perform' at BMO Capital.
athenahealth (ATHN -3.06%) was downgraded to 'Underperform' from 'Perform' at Oppenheimer.
Staples (SPLS +1.15%) was downgraded to 'Hold' from 'Buy' at BB&T.
The WSJ reported that Boeing (BA -0.25%) said a problem caused by a change in wing-maker Mitsubishi Heavy Industries' manufacturing process had caused hairline cracks in the wings on some of its yet-to-be-delivered 787 Dreamliner jets, requiring 42 aircraft to be inspected and delaying deliveries to airlines.
Glazer Capital reported a 7.6% passive stake in Pacer (PACR unch) .
Moody's Investors Service raised its outlook on the Netherlands' 'Aaa' government bond ratings to stable from negative.
Luxor Capital Group reported a 5.6% passive stake in Conn's (CONN -1.02%) .
Bed Bath & Beyond (BBBY +1.32%) lowered guidance on Q4 EPS to $1.57-$1.61 from $1.60-$1.67, weaker than consensus of $1.65.
Haynes International (HAYN -0.02%) announced a price increase of 3%-5% on all product forms effective immediately
SAC Capital reported a 5.0% passive stake in Walter Investment (WAC -4.35%) .
JP Morgan reported a 10.6% passive stake in United Online (UNTD -1.42%) .

MARKET COMMENTS

Mar E-mini S&Ps (ESH14 -0.12%) this morning are down -1.75 points (-0.09%). The S&P 500 on Friday jumped to a fresh record high early after U.S. Feb non-farm payrolls rose +175,000, more than expectations of +149,000. Stock prices fell back, however, and closed little changed on increased geopolitical tensions in Ukraine after the U.S. sent six F-15 fighter jets to Lithuania and 12 F-16s to Poland. Another negative for stocks was the first corporate bond default in China as China’s Shanghai Chaori Solar Energy Science & Technology Company failed to pay full interest due on its bonds, which fueled Chinese economic concerns. Closes: S&P 500 +0.05%, Dow Jones +0.19%, Nasdaq 100 -0.47%.
Jun 10-year T-notes (ZNM14 -0.06%) this morning are unch. Jun 10-year T-note futures prices on Friday tumbled to a 5-week low after U.S. Feb non-farm payrolls rose more than expected. T-note prices were also undercut by comments from New York Fed President Dudley who said he sees a “reasonably favorable” outlook for the U.S. economy. Closes: TYM4 -15.00, FVM4 -11.75.
The dollar index (DXY00 +0.08%) this morning is up +0.036 (+0.05%). EUR/USD (^EURUSD) is down -0.0005 (-0.04%). USD/JPY (^USDJPY) is up +0.04 (+0.04%). The dollar index on Friday recovered from a 4-1/4 month low and closed higher as the stronger-than-expected increase in U.S. Feb non-farm payrolls boosted speculation the Fed will continue to taper QE3. EUR/USD surged to a 2-1/3 year high on short covering spurred on by reduced expectations for the ECB to expand monetary stimulus measures. USD/JPY posted a 1-1/2 month high on speculation the Fed will continue to taper stimulus while the BOJ expands its stimulus, which undercut the yen: Dollar index +0.056 (+0.07%), EUR/USD +0.00153 (+0.11%), USD/JPY +0.217 (+0.21%).
Apr WTI crude oil (CLJ14 -1.32%) this morning is down -1.26 (-1.23%) and Apr gasoline (RBJ14 -0.88%) is down -0.0250 (-0.84%). Apr crude and gasoline prices on Friday closed higher. Bullish factors included (1) the larger-than-expected increase in U.S. Feb payrolls, and (2) upbeat comments from New York Fed President Dudley who said he sees a “reasonably favorable” outlook for the U.S. economy. Closes: CLJ4 +1.02 (+1.00%), RBJ4 +0.0283 (+0.96%).

GLOBAL EVENT CALENDAR03/10/2014

US	0615 ET	Philadelphia Fed President Charles Plosser and BOF Governor Christian Noyer speak on a panel at a conference in Paris titled Monetary Policy and Banks and the Rise of Global Protectionism.
	1100 ET	USDA weekly grain export inspections.
	1200 ET	Mar WASDE crop production report.
JPN	0030 ET	Japan Feb bankruptcies, Jan -7.49% y/y.
	0100 ET	Japan Feb eco watchers survey current expected -0.6 to 54.1, Jan 54.7. Feb eco watchers survey outlook expected +1.5 to 50.5, Jan 49.0.
	2300 ET	Bank of Japan announces results of 2-day policy meeting.
EUR	0530 ET	Eurozone Mar Sentix investor confidence expected +0.7 to 14.0, Feb 13.3.
UK	0530 ET	UK Feb Lloyds employment confidence, Jan -2.
	2001 ET	UK Feb BRC sales like-for-like expected +1.8% y/y, Jan +3.9% y/y.

U.S. STOCK CALENDAR03/10/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
International Game Technology	IGT US	Annual General Meeting
McDonald's Corp	MCD US	February 2014 Sales and Revenue Release		2014
Navistar International Corp	NAV US	Annual General Meeting
Hospitality Properties Trust	HPT US	Annual General Meeting		Y 2014
Salix Pharmaceuticals Ltd	SLXP US	FDA Adcomm, Relistor subcu, opioid-induced constipation in chronic pain patient
Senior Housing Properties Trust	SNH US	Annual General Meeting		Y 2014
Healthcare Trust of America Inc	HTA US	Special Meeting

Barchart Morning Call 3/19

BARCHART MORNING CALL  - Tuesday, March 19th, 2013View Older Reports

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OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM13 +0.11%) this morning are little changed and have been able to shake off a further -0.70% loss today in the Euro Stoxx 50 index on the Cyprus depositor tax debacle. A small increase in Germany's Zew economic outlook index to a 3-year high provided some help to the markets overnight, except that the overall Eurozone Zew economic outlook index plunged by 9.0 points. Asian stock markets today closed mixed. The Nikkei index closed +2.03% and the China CSI 300 index closed +0.90%, but the Hang Seng index closed -0.19%. Commodity prices are slightly higher by +0.05% this morning. April crude oil (CLJ13 +0.27%) is up +0.10%, April gasoline (RBJ13 -0.55%) is down -0.81%, April gold (GCJ13 -0.12%) is down -0.15%, May copper (HGK13 -0.23%) is down -0.20%, grains and softs are trading mostly higher, and livestock is trading lower. The dollar index (DXY00 +0.02%) this morning is virtually unchanged and EUR/USD (^EURUSD) is slightly lower by -0.09%. USD/JPY (^USDJPY) is up +0.13%. June 10-year T-notes (ZNM13 +0.13%) are up 6.5 ticks.
The Cyprus parliament is due to vote later today on the one-time tax on depositors. Cyprus banks and the Cyprus stock market are closed through at least Thursday. The Cyprus parliament has no real choice but to approve the depositor tax totaling 5.8 billion euros since it is being required by the troika for a 10 billion euro bailout and because Cyprus banks will be quickly drained of nearly all their deposits and funding if they reopen without the tax being levied and removed from accounts. However, Cypriot President Anatasiades has warned that he may not be able to get parliament to approve the effective confiscation of depositor funds. If parliament does not approve the tax, then Cyprus will be in an even bigger mess with no Eurozone bailout and with banks that have severely impaired deposits and even larger funding liabilities. French Finance Minister Moscovici today summed up the lack of a coherent Eurozone plan on the Cyprus bailout approach by saying "I don't think about plan B's. We're in a Plan A. Everyone has to assume their responsibilities."
Spain today successfully sold 4 billion euros of 3 and 9-month bills, hitting its maximum target. The 3-month bills were sold at an average 0.285%, down from 0.421% at the last 3-month auction on Feb 19. The 9-month bills were sold at an average 1.007%, down from 1.144% at the last auction. The bid cover ratios were 3.3 times for the 3-month bill and 2.45 times for the 9-month bills.
The German March Zew economic sentiment index rose slightly by +0.3 points to a 3-year high of 48.5 from 48.2 in Feb and was stronger than market expectations for a -0.1 point dip to 48.1. The German Zew current situation index rose to 13.6 from 5.2 in Feb and was substantially stronger than market expectations of 6.0.
The Eurozone Zew economic sentiment index fell sharply by -9.0 points to 33.4 from 42.4 in Feb.
Japan's final-Jan leading index CI was revised lower to 95.0 from the preliminary report of 96.3. The final-Jan coincident index was revised lower to 91.6 from 92.0.
Japan's Feb nationwide department store sales report of +0.3% y/y was slightly stronger than market expectations of +0.2% y/y. In addition, the Feb Tokyo department store sales report of +2.5% y/y was stronger than market expectations of +0.5% y/y.
The UK Feb PPI output (nsa) price index rose +0.8% m/m and +2.3% y/y, which was stronger than market expectations of +0.4% m/m and +1.8% y/y, which was an unwelcome development by the BOE on the inflation front. The Feb core output PPI price index eased to +1.3% y/y from +1.4% y/y in Jan but did not fall to +1.1% y/y as expected.
The UK Feb CPI report of +0.7% m/m and +2.8% was in line with market expectations and was up from -0.5% m/m and +2.7% y/y in Jan. The Feb core CPI was unchanged from Jan at +2.3% y/y, stronger than market expectations of +2.2% y/y.
Power has been mostly restored at Japan's troubled Fukushima nuclear power plant after a brief outage. A power outage of more than four days could have caused stored fuel rods at the plant to start overheating. There were no reported radiation leaks from today's power outage.

U.S. STOCK PREVIEW

Today's main focus will be on (1) the Eurozone debt crisis as the Cyprus parliament struggles to approve the depositor tax, and (2) the outcome of the 2-day FOMC meeting that begins today. Today’s Feb U.S. housing starts report is expected to show a +2.8% increase to 915,000 units, recovering a bit after the -8.5% decline to 890,000 seen in January. Earnings report today include Factset Research (consensus $1.24), DSW (0.72), Adobe Systems (0.31), Cintas (0.62), and Williams-Sonoma (1.29).
Conferences during the remainder of this week include Consumer Analyst Group of Europe (CAGE) Conference on Mon-Wed, Howard Weil Energy Conference on Mon-Wed, ISI Group Retail Summit on Tue, Barclays Emerging Payments Forum on Tue-Wed, Bank of America Merrill Lynch Global Industrials & EU Autos Conference on Tue-Thu, Gabelli Asset Management Specialty Chemicals & Agriculture Conference on Wed, International Strategy & Investment Group (ISI) Retail Summit on Wed, BB&T Commercial & Industrial Conference on Wed-Thu, J.P. Morgan Insurance Conference on Thu, National Coffee Association Annual Conference on Thu, Nomura Global Chemical Industry Leaders Conference on Thu, and The Future of Utilities - 18th Annual Conference on Tue-Thu.

June E-mini S&Ps (ESM13 +0.11%) this morning are slightly lower by -0.25 points (-0.02%). The stock market continues to see downward pressure from Europe with the -0.70% sell-off in the Euro Stoxx 50 index and the ongoing debacle with the tax on Cyprus bank depositors. The S&P 500 index on Monday closed with fairly sharp losses as the Eurozone debt crisis returned with the dangerous precedent set by Eurozone officials of forcing depositors to help pay for bailout packages. In addition, the strong Chinese property price report on Sunday night increased the chances for more hawkish Chinese government action on the property markets. Closes: S&P 500 -0.55%, Dow Jones -0.43%, Nasdaq -0.25%.

OVERNIGHT U.S. STOCK MOVERS

• DSW (DSW -0.83%) reported Q4 adjusted EPS of 69 cents, below the consensus of 72 cents.
• FactSet (FDS -1.27%) reported Q2 adjusted EPS of $1.14, above the consensus of $1.11.
• Electronic Arts (EA -0.90%) rallied 3% in after-hours trading after the company that it expects earnings and revenue in Q1 at the lower end or slightly below previous guidance of 57-72 cents (consensus 65 cents) and that the company's CEO John Riccitiello is leaving the company.
• Fitch removed Equity Residential (EQR -0.89%) from rating watch negative and changed the outlook to stable.
• Lululemon (LULU -3.77%) fell 6% in after-hours trading after the company cut its guidance for Q1 revenue to $333-$343 million from $350M-$355 million, versus the consensus of $353 million.
• Hospitality Properties (HPT -0.11%) fell 4% in after-hours trading filing to sell 10 million shares of common stock.
• Smith & Wesson (SWHC +1.74%) fileed a $250 million mixed securities shelf securities registration.

MARKET COMMENTS

June 10-year T-notes (ZNM13 +0.13%) this morning are up +6.5 ticks on continued safe-haven demand. June 10-year T-note prices on Monday continued to rally on the return of the Eurozone debt crisis and on the weaker-than-expected NAHB housing market index. Closes: TYM3 +10, FVM3 +3.75.
The dollar index (DXY00 +0.02%) this morning is slightly higher by +0.03 points (+0.04%) and EUR/USD (^EURUSD) is slightly lower by -0.0012 (-0.09%). USD/JPY (^USDJPY) is up +0.12 (+0.13%). The dollar index on Monday rallied sharply on increased safe-haven demand with the botched Cyprus bailout, which caused contagion to other nations and caused a sharp sell-off in global stocks. The Cyprus bailout, and the difficulty of getting the deposit tax passed by the Cyprus parliament caused a sharp sell-off in EUR/USD. Closes: Dollar index +0.43 (+0.53%), EUR/USD -0.0119 (-0.91%), USD/JPY -0.07 (-0.07%).
April WTI crude oil (CLJ13 +0.27%) this morning is up +0.09 (+0.10%) and April gasoline (RBJ13 -0.55%) is down -0.0254 (-0.81%). Crude oil and gasoline on Friday closed mixed on downward pressure from the sharp rally in the dollar index and concerns about fuel demand with the return of the Eurozone debt crisis. CLJ3 +0.29 (+0.31%), RBJ3 -0.0349 (-1.10%).

GLOBAL EVENT CALENDAR03/19/2013

US	0830 ET	Feb housing starts expected +2.8% to 915,000, Jan -8.5% to 890,000. Feb building permits expected +2.1% to 923,000, Jan -0.6% to 904,000.
	0900 ET	FOMC begins 2-day policy meeting.
	1630 ET	API weekly U.S. oil statistics.
	n/a	U.S. Treasury Secretary Jack Lew begins 2-day visit to China.
JPN	0100 ET	Japan final-Jan leading index CI, prelim 96.3. Final-Jan coincident index CI, prelim 92.0.
	0130 ET	Japan Feb nationwide department store sales, Jan +0.2% y/y. Feb Tokyo department store sales, Jan +0.5% y/y.
	n/a	Haruhiko Kuroda takes over as BOJ Governor from outgoing Masaaki Shirakawa.
EUR	0300 ET	EU27 Feb new car registrations, Jan -8.7% y/y.
	0600 ET	Eurozone Jan construction output, Dec -1.7% m/m and -4.8% y/y.
	0600 ET	Eurozone March Zew economic sentiment index, Feb 42.4.
GER	0600 ET	German March Zew current situation index expected 6.0, Feb 5.2. March Zew economic sentiment expected 48.1, Feb 48.2.
UK	0530 ET	UK Feb PPI input nsa expected +1.5% m/m and +0.8% y/y, Jan +1.3% m/m and +1.8% y/y. UK Feb PPI output nsa expected +0.4% m/m and +1.8% y/y, Jan +0.2% m/m and +2.0% y/y. Feb PPI output core nsa expected +0.3% m/m and +1.1% y/y, Jan +0.2% m/m and +1.4% y/y.
	0530 ET	UK Feb CPI expected +0.7% m/m and +2.8% y/y, Jan -0.5% m/m and +2.7% y/y. Feb core CPI expected +2.2% y/y, Jan +2.3% y/y.
	0530 ET	Feb RPI expected +0.8% m/m and +3.3% y/y, Jan -0.4% m/m and +3.3% y/y. Feb RPI ex-mortgage interest payments expected +3.2% y/y, Jan +3.3% y/y.
	0530 ET	UK Jan ONS house price index expected +2.4% y/y, Dec +3.3% y/y.

U.S. STOCK CALENDAR03/19/2013

Company Name	Symbol	Time	Event Description	Period	EPS Est (US$)
FactSet Research Systems Inc	FDS US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	1.238
DSW Inc	DSW US	7:00	Q4 2013 Earnings Release	Q4 2013	0.716
DSW Inc	DSW US	8:30	Q4 2013 Earnings Call	Q4 2013
FactSet Research Systems Inc	FDS US	11:00	Q2 2013 Earnings Call	Q2 2013
Brocade Communications Systems Inc	BRCD US	13:00	Roadshow - Irvine	Y 2013
NVIDIA Corp	NVDA US	14:30	Financial Analyst Presentation	Y 2013
Adobe Systems Inc	ADBE US	17:00	Q1 2013 Earnings Call	Q1 2013
Cintas Corp	CTAS US	17:00	Q3 2013 Earnings Call	Q3 2013
Williams-Sonoma Inc	WSM US	17:00	Q4 2013 Earnings Call	Q4 2013
Adobe Systems Inc	ADBE US	Aft-mkt	Q1 2013 Earnings Release	Q1 2013	0.311
Cintas Corp	CTAS US	Aft-mkt	Q3 2013 Earnings Release	Q3 2013	0.618
Williams-Sonoma Inc	WSM US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	1.293
Alliant Energy Corp	LNT US		Investor Meeting - Chicago	Y 2013
RPM International Inc	RPM US		Roadshow - Califonia Day 2	Y 2013
United Parcel Service Inc	UPS US		Roadshow - Day 2	Y 2013

Barchart Morning Call 3/1

Barchart Morning Call

BC - 1 hr 41 mins ago

OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH13 -0.50%) this morning are down -0.38% on weaker-than-expected Chinese and UK manufacturing PMI reports, the climb in the Eurozone unemployment rate to a new record high of 11.9%, and the U.S. automatic spending cuts that go into effect today. European stocks are down sharply by -1.29%. Asian stocks closed mixed today with Japan up +0.41%, Hong Kong down -0.61%, and China down -0.17%. Commodity prices are showing a fairly sharp loss on average of -0.52%. April crude oil (CLJ13 -1.30%) is down -0.97%, April gasoline (RBJ13 -0.91%) is down -1.14%, April gold (GCJ13 -0.44%) is down -0.70%, May copper (HGK13 -1.78%) is sharply lower by -1.71%, grains and softs are lower, and livestock is higher. The dollar index (DXY00 +0.40%) is up +0.40% on increased safe-haven demand with the sell-off in U.S. and European stocks. EUR/USD (^EURUSD) is down -0.40% and USD/JPY (^USDJPY) is up +0.29%. June 10-year T-notes (ZNM13 +0.21%) are up 8 ticks.
President Obama today will meet at the White House with top Congressional leaders but the $85 billion in sequestration will go into effect today with no serious negotiations for an alternative. The big issue now is the continuing spending resolution that must be passed by March 27 to keep the government operating through the end of the fiscal year.
The Chinese government today raised down-payment requirements and raised mortgage rates for second-home mortgages in cities with "excessively fast" price gains to slow property price increases.
Chicago Fed President Evans last night speaking in Des Moines, Iowa said, We need to be careful not to undermine our own policies and remove accommodation prematurely, as the Japanese did." He said, "There remain plenty of headwinds and downside risks that can impede our progress."
Japan's Jan jobless rate of 4.2% was in line with market expectations and was down from a revised 4.3% in Dec (prelim 4.2%). The Jan job-to-applicant ratio rose to 0.85 from a revised 0.83 in Dec.
Japan's Jan national CPI fell to -0.3% y/y from -0.1% y/y in Dec was showed deeper deflation than market expectations of -0.2% y/y. The Feb Tokyo CPI fell to -0.9% y/y from a revised -0.5% y/y in Jan. The deeper deflation rates will provide a stronger basis for the new BOJ chief Kuroda to pursue the expanded asset purchase program that he is widely expected to adopt.
China's Feb HSBC manufacturing PMI fell by -1.9 points to 50.4 from the 2-year high of 52.3 posted in January, which was weaker than market expectations of 50.6. Meanwhile, the Feb manufacturing PMI reported by the National Bureau of Statstics fell by -0.3 points to 50.1 from 50.4 in Jan and was weaker than market expectations for a +0.1 point rise to 50.5.
Japan's Feb vehicle sales fell by -12.2% y/y, improving a bit from -12.9% y/y in Jan.
The UK Feb nationwide house price report of +0.2% m/m and unchanged y/y was roughly in line with market expectations.
The German Jan retail sales report of +3.1% m/m and +2.4% y/y was substantially better than market expectations of +0.9% m/m and -1.7% y/y. Dec was revised to -2.1% m/m and -3.7% y/y from -1.7% m/m and -4.7% y/y.
The UK Feb PMI manufacturing index fell by -2.6 points to 47.9 from a revised 50.5 in Jan and was -3.1 points weaker than market expectations for an increase to 51.0.
The German final-Feb manufacturing PMI was revised higher by +0.2 points to 50.3 from 50.1 in early-Feb, which was 0.2 points better than market expectations for an unrevised report of 50.1. The Eurozone final-Feb manufacturing PMI was revised +0.1 point higher to 47.9 from 47.8 in early-Feb.
The Eurozone Feb CPI report of +1.8% y/y eased from +2.0% in Jan and was weaker than market expectations of +1.9%.
The Eurozone Jan unemployment rate rose by +0.1 point to 11.9% from a revised 11.8% in Dec (prelim 11.7%) and showed a weaker labor market than market expectations for a report of 11.8%. The Feb unemployment rate of 11.9% was a record high for the series that has a history back to 1995. The number of unemployed persons rose by 201,000 to 18.998 million persons. The Jan youth unemployment rate rose to a record 24.2%, which was bad enough except that Spain's youth unemployment rate rose to an unfathomable 55.5%.

U.S. STOCK PREVIEW

The markets today will be closely watching a meeting at the White House between President Obama and Congressional leaders although no progress is expected to be made to avert the sequester that begins today. Today’s Feb ISM manufacturing index is expected to show a decline of -0.6 to 52.5, reversing the +2.9 point increase to 53.1 seen in January. Feb total vehicle sales are expected to dip to 15.10 mln from 15.23 mln in January as consumer spending takes at least a mild hit from the fiscal cliff deal. Today’s final-Feb U.S. consumer confidence index from the University of Michigan is expected to be unrevised from the early-Feb report of 76.3. Today’s Jan PCE deflator is expected to ease to a 3-1/4 year low of +1.2% y/y from +1.3% y/y in December. Meanwhile, the Jan core PCE deflator, which is the Fed’s preferred inflation measure, is expected to ease to +1.3% y/y from the 1-1/2 year low of +1.4% y/y seen in December.
Three of the S&P 500 companies are scheduled to release earnings today: Pepco Holdings (consensus $0.20), Best Buy (1.55), and Berkshire Hathaway ($1793.24).

March E-mini S&Ps (ESH13 -0.50%) this morning are down -5.75 points (-0.38%) on today's sequestration and on generally weak global economic data released today. The S&P 500 index on Thursday traded higher into early afternoon, but erased its advance and tumbled into the close after the Senate rejected a pair of partisan proposals to replace sequestration that begins Friday. Other negative factors included the weaker-than-expected Q4 U.S. GDP (+0.1% versus expectations of +0.6%) and the IMF's statement that it will cut its GDP forecast for the U.S. because of sequestration. Supportive factors included (1) carry-over strength from a rally in European stocks after ECB President Draghi said the ECB is "far" from considering a liquidity exit, (2) the larger-than-expected decline in weekly U.S. jobless claims (-22,000 versus expectations of -2,000) and (3) the unexpected increase in the Feb Chicago purchasing managers index to its best level in 11 months (+1.2 to 56.8 versus expectations of -1.6 to 54.0). Closes: S&P 500 -0.09%, Dow Jones -0.15%, Nasdaq -0.10%.

OVERNIGHT U.S. STOCK MOVERS

• Groupon (GRPN -24.25%) rallied 4% in after-hours trading after it announced CEO Andrew Mason will be stepping down.
• Atlantic Power (AT -3.39%) reported a Q4 EPS loss of -50 cents, greater than consensus for a -3 cent loss.
• Northern Oil and Gas (NOG -1.79%) reported Q4 adjusted EPS of 34 cents, better than consensus of 27 cents.
• Boeing (BA -0.59%) will eliminate hundreds of workers at its South Carolina Dreamliner factory over the course of this year, according to Dow Jones.
• Westar Energy (WR -0.29%) reported Q4 non-GAAP EPS of 36 cents, better than consensus of 20 cents and increased the dividend by 1 cent to 34 cents per share payable to shareholders of record as of March 11.
• Cempra (CEMP -0.61%) reported a Q4 EPS loss of -26 cents, smaller than consensus of a -32 cent loss.
• Dresser-Rand (DRC +0.65%) reported Q4 EPS of $1.05, weaker than consensus of $1.10.
• Flowers Foods (FLO -0.49%) won its bid for Hostess bread assets with a $360 million bid. The agreement includes, in addition to the brands, 20 bakeries, 38 depots and other assets.
• McDermott (MDR -1.78%) reported Q4 EPS of 17 cents, weaker than consensus of 23 cents.
• Salesforce.com (CRM +1.37%) rallied 4% in after-hours trading after the company reported Q4 adjusted EPS of 51 cents, better than consensus of 40 cents.
• Gap (GPS +1.26%) rose +2.5% in after-hours trading after it reported Q4 EPS of 73 cents, higher than consensus of 71 cents, and said it will raise its annual dividend by 20% per share from 50 cents in fiscal year 2012 to 60 cents in fiscal year 2013.

MARKET COMMENTS

June 10-year T-notes (ZNM13 +0.21%) this morning are up 8 ticks on increased safe-haven demand with the sell-off in stocks. June 10-year T-note prices on Thursday closed higher after U.S. GDP grew less than expected in Q4 along with increased safe-haven demand for Treasuries on concern the automatic spending cuts that begin Friday from sequestration will slow growth in the U.S. economy. Closes: TYM3 +3.5, FVM3 +2.0.
The dollar index (DXY00 +0.40%) this morning is up +0.33 points (+0.40%) on increased safe-haven demand with the sell-off in stocks and with today's beginning of sequestration. EUR/USD (^EURUSD) is down -0.0052 (-0.40%) on weak European economic data. USD/JPY (^USDJPY) is up +0.27 (+0.29%) as today's Japan CPI data will provide an even stronger justification for new BOJ chief Kuroda to expand the BOJ's asset purchase plan. The dollar index on Thursday jumped to a 6-month high and closed higher after EUR/USD retreated when ECB President Draghi signaled that the ECB has no intention of tightening monetary policy anytime soon. Closes: Dollar index +0.38 (+0.47%), EUR/USD -0.0081 (-0.61%), USD/JPY +0.32 (+0.34%).
April WTI crude oil (CLJ13 -1.30%) this morning is down -0.89 (-0.97%) and April gasoline (RBJ13 -0.91%) is down -0.0354 (-1.14%) on weak global economic data and today's U.S. sequestration. Crude oil and gasoline on Thursday closed mixed. April gasoline posted a 1-month low but rebounded higher after the Phillips 66 Wood River refinery in Roxana, Illinois and the Exxon Mobil Joliet, Illinois, refinery that supply the Midwest with gasoline, reported issues with production units that may limit their gasoline output. Other bullish factors included the bigger-than-expected decline in weekly U.S. jobless claims (-22,000 versus expectations of -2,000) and the Feb Chicago purchasing managers index which unexpectedly expanded to its best level in 11-months (+1.2 to 56.8), and suggests stronger fuel consumption. Bearish factors included (1) the rally in the dollar index to a 6-month high, (2) weaker-than-expected U.S. Q4 GDP (+0.1% q/q annualized versus expectations of +0.6%), and (3) concern that the U.S. economy and energy demand will slow once sequestration begins on Friday. Closes: CLJ3 -0.71 (-0.77%), RBJ3 +0.0054 (+0.17%).

GLOBAL EVENT CALENDAR03/01/2013

US	0830 ET	Jan personal income expected -2.4% m/m, Dec +2.6% m/m. Jan personal spending expected +0.2%, Dec +0.2% m/m.
	0830 ET	Jan PCE deflator expected +0.1% m/m and +1.2% y/y, Dec unch m/m and +1.3% y/y. Jan core PCE deflator expected +0.2% m/m and +1.3% y/y, Dec unch m/m and +1.4% y/y.
	0955 ET	Final-Feb U.S. consumer confidence (University of Michigan) expected unch at 76.3, early-Feb +2.5 to 76.3.
	1000 ET	Jan construction spending expected +0.4%, Dec +0.9% m/m.
	1000 ET	Feb ISM manufacturing index expected -0.6 to 52.5, Jan +2.9 to 53.1. Feb ISM prices-paid sub-index expected +0.8 to 57.3, Jan +1.0 to 56.5.
	1700 ET	Feb total vehicle sales expected 15.10 mln, Jan 15.23 mln. Feb domestic vehicle sales expected 12.00 mln, Jan 12.08 mln.
	2200 ET	Fed Chairman Ben Bernanke speaks on low long-term interest rates.
	n/a	Sequester of $85 billion in automatic spending cuts begin for March-September.
JPN	0000 ET	Japan Feb vehicle sales, Jan -12.9% y/y
GER	0200 ET	German Jan retail sales expected +0.9% m/m and -1.7% y/y, Dec -1.7% m/m and -4.7% y/y.
	0355 ET	German final-Feb manufacturing PMI expected unrevised at 50.1.
EUR	0400 ET	Eurozone final-Feb manufacturing PMI expected unrevised at 47.8.
	0500 ET	Eurozone Feb CPI estimate expected +1.9% y/y, Jan +2.0% y/y.
	0500 ET	Eurozone Jan unemployment rate expected +0.1 to 11.8, Dec 11.7%.
UK	0200 ET	U.K. Feb nationwide house prices expected +0.2% m/m and -0.2% y/y, Jan +0.5% m/m and unch y/y.
	0430 ET	U.K. Feb PMI manufacturing expected +0.2 to 51.0, Jan 50.8.
	0430 ET	U.K. Jan net consumer credit expected +0.2 bln pounds, Dec +0.6 bln pounds. Jan net lending on dwellings expected +0.8 bln pounds, Dec +1.0 bln pounds.
	0430 ET	U.K. Jan mortgage approvals expected 56,500, Dec 55,800.
	0430 ET	U.K. Jan M4 money supply, Dec +0.7% m/m and -1.0% y/y.

U.S. STOCK CALENDAR03/01/2013

Company Name	Symbol	Time	Event Description	Period	EPS Est (US$)
Hospitality Properties Trust	HPT US	Bef-mkt	Q4 2012 Earnings Release	Q4 2012	0.771
Golar LNG Ltd	GOL NO	Bef-mkt	Y 2012 Earnings Release	Y 2012	1.667
Pepco Holdings Inc	POM US	Bef-mkt	Q4 2012 Earnings Release	Q4 2012	0.202
Exelis Inc	XLS US	7:00	Q4 2012 Earnings Release	Q4 2012	0.457
Best Buy Co Inc	BBY US	8:00	Q4 2013 Earnings Release	Q4 2013	1.551
Eaton Corp PLC	ETN US	8:00	Analyst Conference	Y 2013
Public Service Enterprise Group Inc	PEG US	8:00	Analyst Conference	Y 2013
Best Buy Co Inc	BBY US	9:00	Q4 2013 Earnings Call	Q4 2013
Great Plains Energy Inc	GXP US	9:00	Q4 2012 Earnings Call	Q4 2012
Universal Health Services Inc	UHS US	9:00	Q4 2012 Earnings Call	Q4 2012
Integrys Energy Group Inc	TEG US	9:00	Q4 2012 Earnings Call	Q4 2012
Popular Inc	BPOP US	9:00	Investor Day	2012
Popular Inc	BPOP US	9:00	Investor Day	Y 2013
Dresser-Rand Group Inc	DRC US	9:00	Q4 2012 Earnings Call	Q4 2012
SandRidge Energy Inc	SD US	9:00	Q4 2012 Earnings Call	Q4 2012
Ford Motor Co	F US	9:30	February 2013 Sales and Revenue Release	2013
Ford Motor Co	F US	10:00	February 2013 Sales and Revenue Call	2013
McDermott International Inc	MDR US	10:00	Q4 2012 Earnings Call	Q4 2012
Westar Energy Inc	WR US	10:00	Q4 2012 Earnings Call	Q4 2012
Hospitality Properties Trust	HPT US	10:00	Q4 2012 Earnings Call	Q4 2012
Pepco Holdings Inc	POM US	10:00	Q4 2012 Earnings Call	Q4 2012
Exelis Inc	XLS US	10:00	Q4 2012 Earnings Call	Q4 2012
General Motors Co	GM US	11:00	February 2013 Sales and Revenue Call	2013
Berkshire Hathaway Inc	BRK/A US	16:00	Q4 2012 Earnings Release	Q4 2012	1793.24
General Motors Co	GM US		February 2013 Sales and Revenue Release	2013