Showing posts with label TXI. Show all posts
Showing posts with label TXI. Show all posts

Tuesday, January 28, 2014

BARCHART MORNING CALL 1/28

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH14 +0.35%) this morning are up +0.48% and European stocks are up +0.73% as equities stabilize following recent losses. Technology stocks were weaker, however, as Apple tumbled -7% in pre-market trading after it projected that revenue in the current quarter may decline for what would be the first quarterly decline in 11 years. Asian stocks closed mixed: Japan -0.17%, Hong Kong -0.07%, China +0.18%, Taiwan closed for holiday, Australia -1.26%, Singapore +0.66%, South Korea +0.3%, India -0.12%. Chinese stocks rose and borrowing costs fell after a troubled trust product was bailed out. Industrial & Commercial Bank of China Ltd. said investors in the high-yield trust, which was issued by China Credit Trust Co. and set up to lend money to a coal miner that subsequently failed, can recoup their funds. India's stocks dropped and the rupee gained after the RBI unexpectedly raised interest rates. Commodity prices are mixed. Mar crude oil (CLH14 +0.44%) is up +0.53%. Mar gasoline (RBH14 +0.30%) is up +0.37%. Feb gold (GCG14 -0.64%) is down -0.71%. March copper (HGH14 +0.12%) is up +0.20%. Agriculture and livestock prices are higher. The dollar index (DXY00 +0.22%) is up +0.21% as the FOMC begins its 2-day meeting today where expectations are for the Fed to taper QE3 by another -$10 billion. EUR/USD (^EURUSD) is down -0.23%. USD/JPY (^USDJPY) is up +0.59%. March T-note prices (ZNH14 -0.04%) are down -3.5 ticks.
The Reserve Bank of India (RBI) unexpectedly raised the repurchase rate by 25 bp to 8.00% from 7.75% to fight inflation and boost the rupee. RBI Governor Rajan said "The gravest risk to the value of the rupee is from CPI inflation, which remains elevated close to double digits."
The German Dec import price index was unch m/m and fell -2.3% y/y, weaker than expectations of +0.2% m/m and -2.2% y/y and the twelfth consecutive month that prices have fallen on a year-over-year basis.
UK Q4 GDP rose +0.7% q/q and +2.8% y/y, right on expectations.
The UK Nov index of services climbed +0.4% m/m and +0.8% 3-mo/3-mo, higher than expectations of +0.3% m/m and +0.7% 3-mo/3-mo.
China Dec industrial profits rose +12.2% year-to-date y/y, the smallest increase in 5-months.
U.S. STOCK PREVIEW
The market consensus is that the FOMC at its 2-day meeting that starts today will taper its QE3 program by another $10 billion to $65 billion per month. Today’s Nov S&P/CaseShiller home price index is expected to show an increase of +0.80% m, which would be a bit smaller than the +1.05% increase seen in October. Today’s Jan U.S. consumer confidence index from the Conference Board is expected to show a -0.1 point decline to 78.0, falling back slightly after the +6.1 point surge to 78.1 seen in December. Today’s Dec durable goods orders report is expected to show a solid increase of +1.8% and +0.6% ex-transportation, adding to November’s increases of +3.4% and +1.2% ex-transportation. Today’s Jan Richmond Fed manufacturing index is expected to be unchanged at 13, remaining at 13 for the third straight month. The Treasury today will kick off this week’s $111 billion T-note package by selling $32 billion in 2-year T-notes.
There are 23 of the S&P 500 companies that report earnings today. Notable reports include AT&T (consensus $0.51), Comcast (0.68), Ford (0.28), Pfizer (0.52), Yahoo (0.38), Electronic Arts (1.23), Amgen (1.69). Equity conferences this week include: Real World Evidence on Mon-Wed, Stifel Nicolaus Senior Housing and Healthcare Real Estate Conference on Tue, Canadian Power Finance Conference on Tue, and Cloudcast'14 on Thu.


OVERNIGHT U.S. STOCK MOVERS
DR Horton (DHI +0.29%) reported Q1 EPS od 36 cents, stronger than consensus of 30 cents.
Corning (GLW +0.05%) reported Q4 EPS of 29 cents, higher than consensus of 28 cents.
Pfizer (PFE -1.43%) reported Q4 EPS of 56 cents, better than consensus of 52 cents.
Ford Motor (F -0.76%) reported Q4 EPS of 31 cents, higher than consensus of 28 cents.
EI du Pont de Nemours (DD +0.45%) reported Q4 EPS of 59 cents, stronger than consensus of 55 cents.
Danaher (DHR -0.04%) reported Q4 EPS of 96 cents, better than consensus of 95 cents.
Comcast (CMCSA +0.17%) climbed 3% in European trading after people familiar with the matter said the company may buy Charter's cable assets in New York City, North Carolina and New England. The sale is contingent upon shareholder approval of Charter's takeover bid for Time Warner Cable.
The New York Times reported that Martin Marietta (MLM -1.48%) will acquire Texas Industries (TXI -4.69%) for $72 per share.
STMicroelectronics (STM +0.79%) reported a Q4 adjusted EPS loss of -1 cent, weaker than consensus of a 4 cent gain.
Rent-A-Center (RCII +0.61%) plunged 13% in after-hours trading after it reported Q4 EPS of 25 cents, well below consensus of 75 cents. and then lowered guidance on fiscal 2014 EPS to $2.30-$2,50, below consensus of $3.20.
Apple (AAPL +0.81%) tumbled 7% in after-hours trading after it reported Q1 EPS of $14.50, well ahead of consensus of$14.09, but then said it sees Q2 revenue of $42 billion-$44 billion, below consensus of $46.05 billion.
Swift Transport (SWFT -4.05%) reported Q4 EPS of 36 cents, higher than consensus of 35 cents.
Sanmina (SANM -2.89%) reported Q1 EPS of 41 cents, better than consensus of 38 cents.
Seagate (STX -0.89%) slid 6% in after-hours trading after it reported Q2 EPS of $1.32, weaker than consensus of $1.38.
MARKET COMMENTS
Mar E-mini S&Ps (ESH14 +0.35%) this morning are up +8.50 points (+0.48%). The S&P 500 on Monday erased an early rally and fell to a 1-1/4 month low to finally close lower. Negative factors for stocks included (1) the -7.0% decline in U.S. Dec new home sales to 414,000, a bigger decline than expectations of -1.9% to 455,000, and (2) concern that the slump in emerging-market currencies will lead to a slowdown in the global economy. Limiting declines in stocks is strong Q4 stock earnings results with 74% of the 125 S&P 500 companies that have reported earnings results thus far beating expectations. Closes: S&P 500 -0.49%, Dow Jones -0.26%, Nasdaq 100 -0.92%.
Mar 10-year T-notes (ZNH14 -0.04%) this morning are down -3.5 ticks. Mar 10-year T-note futures prices on Monday settled lower. Weakness in stocks boosted safe-haven demand for T-notes in early trade, but concern the Fed will taper its monthly bond purchases by -$10 billion when it concludes its 2-day FOMC meeting on Wed took T-note prices lower. Closes: TYH4 --8.0, FVH4 -3.25.
The dollar index (DXY00 +0.22%) this morning is up +0.167 (+0.21%). EUR/USD (^EURUSD) is down -0.0031 (-0.23%). USD/JPY (^USDJPY) is up +0.60 (+0.59%). The dollar index on Monday closed slightly higher. EUR/USD fell back on European banking concerns after Italian bank stocks slumped when Banco Poplare, Italy’s fourth biggest bank, announced an unexpected loss and plans for a capital increase, which spurred concern about the quality of assets in Italian banks. USD/JPY recovered from a 1-1/2 month low after the yen weakened when Japan’s Dec exports rose less than expected and after Japan’s Dec trade deficit widened by the most in 11 months. Closes: Dollar index +0.066 (+0.08%), EUR/USD -0.00038 (-0.03%), USD/JPY +0.288 (+0.28%).
Mar WTI crude oil (CLH14 +0.44%) this morning is up +51 cents (+0.53%) and Mar gasoline (RBH14 +0.30%) is up +0.0098 (+0.37%). Mar crude oil and gasoline prices on Monday closed lower on bearish factors that included (1) the slide in the S&P 500 to a 1-1/4 month low, reducing confidence in the economic outlook and energy demand, (2) the larger-than-expected decline in U.S. Dec home sales, which fueled concern the economy will slow, and (3) speculation the Fed will taper QE3 further this week, which may boost the dollar and reduce investment demand in commodities, including crude oil. Closes: CLH4 -0.02 (-0.95%), RBH4 -0.0377 (-1.41%).
GLOBAL EVENT CALENDAR01/28/2014
US0830 ETDec durable goods orders expected +1.8% and +0.6% ex transportation, Nov +3.4% and +1.2% ex transportation. Dec non-defense capital goods orders ex-transportation expected +0.3%, Nov +4.1%.
0900 ETNov S&P/CaseShiller home price index expected +0.81% m/m and +13.76% y/y, Oct +1.05% m/m and +13.61% y/y.
1000 ETJan U.S. consumer confidence (Conference Board) expected -0.1 to 78.0, Dec +6.1 to 78.1.
1000 ETJan Richmond Fed manufacturing index expected unch at 13, Dec unch at 13.
1030 ETFOMC begins 2-day meeting.
1300 ETTreasury auctions $32 billion 2-year T-notes.
2100 ETPresident Obama delivers his State of the Union Address.
GER0200 ETGerman Dec import price index expected +0.2% m/m and -2.2% y/y, Nov +0.1% m/m and -2.9% y/y.
UK0430 ETUK Q4 GDP expected +0.7% q/q and +2.8% y/y, Q3 +0.8% q/q and +1.9% y/y.
0430 ETUK Nov index of services expected +0.3% m/m and +0.7% 3-mo/3-mo, Oct +0.1% m/m and +0.8% 3-mo/3-mo.
U.S. STOCK CALENDAR01/28/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Pentair LtdPNR USBef-mktQ4 2013 Earnings ReleaseQ4 20130.845
Air Products & Chemicals IncAPD USBef-mktQ1 2014 Earnings ReleaseQ1 20141.333
Nucor CorpNUE USBef-mktQ4 2013 Earnings ReleaseQ4 20130.404
Pfizer IncPFE USBef-mktQ4 2013 Earnings ReleaseQ4 20130.522
T Rowe Price Group IncTROW USBef-mktQ4 2013 Earnings ReleaseQ4 20131.034
DR Horton IncDHI USBef-mktQ1 2014 Earnings ReleaseQ1 20140.296
Corning IncGLW USBef-mktQ4 2013 Earnings ReleaseQ4 20130.275
NextEra Energy IncNEE USBef-mktQ4 2013 Earnings ReleaseQ4 20130.965
Danaher CorpDHR US6:00Q4 2013 Earnings ReleaseQ4 20130.954
EI du Pont de Nemours & CoDD US6:00Q4 2013 Earnings ReleaseQ4 20130.547
Harris CorpHRS US6:30Q2 2014 Earnings ReleaseQ2 20141.178
Ford Motor CoF US7:00Q4 2013 Earnings ReleaseQ4 20130.276
Waters CorpWAT US7:00Q4 2013 Earnings ReleaseQ4 20131.612
Comcast CorpCMCSA US7:00Q4 2013 Earnings ReleaseQ4 20130.679
Danaher CorpDHR US8:00Q4 2013 Earnings CallQ4 2013
Illinois Tool Works IncITW US8:00Q4 2013 Earnings ReleaseQ4 20130.913
Corning IncGLW US8:30Q4 2013 Earnings CallQ4 2013
Waters CorpWAT US8:30Q4 2013 Earnings CallQ4 2013
Comcast CorpCMCSA US8:30Q4 2013 Earnings CallQ4 2013
Harris CorpHRS US8:30Q2 2014 Earnings CallQ2 2014
Pentair LtdPNR US9:00Q4 2013 Earnings CallQ4 2013
EI du Pont de Nemours & CoDD US9:00Q4 2013 Earnings CallQ4 2013
Ford Motor CoF US9:00Q4 2013 Earnings CallC4 2013
NextEra Energy IncNEE US9:00Q4 2013 Earnings CallQ4 2013
Air Products & Chemicals IncAPD US10:00Q1 2014 Earnings CallQ1 2014
Pfizer IncPFE US10:00Q4 2013 Earnings CallQ4 2013
DR Horton IncDHI US10:00Q1 2014 Earnings CallQ1 2014
Illinois Tool Works IncITW US10:00Q4 2013 Earnings CallQ4 2013
Ford Motor CoF US11:00Q4 2013 Earnings Call - Fixed IncomeQ4 2013
Becton Dickinson and CoBDX US13:00Annual General MeetingY 2014
Nucor CorpNUE US14:00Q4 2013 Earnings CallQ4 2013
Monsanto CoMON US14:30Annual General MeetingY 2014
Total System Services IncTSS US16:00Q4 2013 Earnings ReleaseQ4 20130.473
United States Steel CorpX US16:00Q4 2013 Earnings CallQ4 2013
AT&T IncT US16:30Q4 2013 Earnings CallQ4 2013
Total System Services IncTSS US17:00Q4 2013 Earnings CallQ4 2013
Yahoo! IncYHOO US17:00Q4 2013 Earnings CallQ4 2013
Electronic Arts IncEA US17:00Q3 2014 Earnings CallQ3 2014
Amgen IncAMGN US17:00Q4 2013 Earnings CallQ4 2013
Owens-Illinois IncOI USAft-mktQ4 2013 Earnings ReleaseQ4 20130.523
AT&T IncT USAft-mktQ4 2013 Earnings ReleaseQ4 20130.506
ACE LtdACE USAft-mktQ4 2013 Earnings ReleaseQ4 20132.015
Boston Properties IncBXP USAft-mktQ4 2013 Earnings ReleaseQ4 20131.246
Yahoo! IncYHOO USAft-mktQ4 2013 Earnings ReleaseQ4 20130.383
Electronic Arts IncEA USAft-mktQ3 2014 Earnings ReleaseQ3 20141.231
Amgen IncAMGN USAft-mktQ4 2013 Earnings ReleaseQ4 20131.689
Hormel Foods CorpHRL US21:00Annual General MeetingY 2014
Verizon Communications IncVZ USSpecial Meeting
Hormel Foods CorpHRL USAnnual General Meeting
Merck & Co IncMRK USFDA Adcomm, Ragwitek, ragweed pollen allergy, immunotherapy tablet
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Wednesday, May 15, 2013

5 Small Cap Winners

Today list comes from using Barchart to sort the S & P 600 Small Cap index to find stocks with great Barchart technical buy signals.  The list includes Texas Industries (TXI), Treehouse Foods (THS), True Blue Inc (TBI), Schweitzer-Mauduit International (SWM) and Salix Pharmaceuticals (SLXP):

Texas Industries (TXI)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 28.37% in the last month
  • Relative Strength Index 75.03%
  • Barchart computes a technical support level at 67.37
  • Recently traded at 72.35 with a 50 day moving average of 63.44


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 6.55% in the last month
  • Relative Strength Index 67.34%
  • Barchart computes a technical support level at 63.68
  • Recently traded at 66.20 with a 50 day moving average of 62.78


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 12.58% in the last month
  • Relative strength Index 72.10%
  • Barchart computes a technical support level at 21.39
  • Recently traded at 22.36 with a 50 day moving average of 20.73


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 15.75% in the last month
  • Relative Strength Index 78.08%
  • Barchart computes a technical support level at 43.94
  • Recently traded at 44.80 with a 50 day moving average of 39.45


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 21.66% in the last month
  • Relative Strength Index 86.45%
  • Barchart computes a technical support level at 57.19
  • Recently traded at 59.67 with a 50 day moving average of 51.19












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Thursday, December 20, 2012

5 Small Cap Stocks

Today I sorted the S & P 600 Small Cap Index to find 5 with good Barchart technical indicators and great charts.  My list includes Olympic Steel (ZEUS), Watts Water Technologies (WTS),  Marriot Vacations Worldwide (VAC), Unifirst Corp (UNF) and Texas Industries (TXI):

Olympic Steel (ZEUS)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 18.01% in the last month
  • Relative Strength Index 71.31%
  • Barchart computes a technical support level at 20.65
Watts Water Technologies (WTS)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 11.33% in the last month
  • Relative Strength Index 71.89%
  • Barchart computes  a technical support level at 41.72
  • Recently traded at 42.36 with a 50 day moving average of 39.34
Marriot Vacations Worldwide (VAC)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 2.92% in the last month
  • Relative Strength Index 64.96%
  • Barchart computes a technical support level at 40.24
  • Recently traded at 41.17 with a 50 day moving average of 39.44
Unifirst (UNF)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 5.17% in the last month
  • Relative Strength Index 64.54%
  • Barchart computes a technical support level at 72.41
  • Recently traded at 73.83 with a 50 day moving average of 70.12
Texas Industries (TXI)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 14.29% in the last month
  • Relative Strength Index 68.71%
  • Barchart computes a technical support level at 68.71%
  • Traded recently at 50.95 with a 50 day moving average of 44.96












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Thursday, January 5, 2012

Barchart Morning Call 1/5

Barchart Morning Call
Barchart.com - 16 mins ago
Overnight Developments
  • Global stocks this morning are weaker with the Euro Stoxx 50 down -0.82% and Mar S&Ps down -9.00 points. The dollar and Treasuries rose while commodities generally moved lower as European debt concerns intensified. The euro sank to a fresh 1-1/4 year low against the dollar on concern Europe will struggle to finance its debts after France sold 10-year bonds at an average yield of 3.29%, up from 3.18% in Dec as the bid-to-cover ratio fell to 1.64 from 3.05, while Hungary sold 1-year bills at an average yield of 9.96%, up from a similar sale last month at 7.91% and the highest since 2009. Bank stocks are leading the overall market lower on capital concerns with UniCredit, Italy's biggest bank, down nearly 9% to its lowest level since 1992 after losing 15% yesterday when it announced a rights offer at a 43% discount. Stocks and the euro were also under pressure after Nov German retail sales unexpectedly fell for a second month when it dropped -0.9% m/m, weaker than expectations of a +0.2% m/m increase, while Oct Euro-Zone industrial new orders rose +1.8% m/m and +1.6% y/y, weaker than expectations of +2.5% m/m and +3.3% y/y.
  • Asian stocks today closed lower with Japan down -0.83%, China -0.97%, Australia -1.08%, South Korea -0.28%, India -0.16%. Asian stocks declined as concern over European debt resurfaced. Japanese exporters tumbled when the euro sank to an 11-year low against the yen, which hurts their earnings prospects. The PBOC refrained from selling 3-month bills for a second week, which helped slow increases in money-market rates as banks hoard cash in the run-up to the Chinese New Year holiday. Chinese bank stocks gained on speculation the PBOC will cut lenders' reserve requirements again before the start of the New Year holiday on Jan 23.
Overnight U.S. Stock News
  • March S&Ps this morning are trading down -9.00 points. The US stock market on Wednesday settled mixed as lower-than-forecast factory orders and European debt concerns offset strength in automakers and retailers: Dow Jones +0.17%, S&P 500 +0.02%, Nasdaq Composite -0.01%. Bearish factors on Wednesday included (1) carry-over weakness from a slide in European stocks on concern the European debt crisis may worsen after Jean-Claude Juncker, head of the Euro-Zone finance ministers, said "Europe is facing a recession of unknown scope" and Greek Prime Minister Papademos said Greece may face a default by March if it couldn't secure agreement with the Troika on a new economic plan, (2) the weaker-than-expected Nov factory orders (+1.8% versus expectations of +2.0%), and (3) growth concerns in China after Chinese Premier Wen Jiabao said business conditions may be "relatively difficult" this quarter as inflation stays "elevated" and overseas demand weakens.
  • Bullish factors included (1) strength in retailers after ICSC raised its Dec estimate for same-store sales to +4.0% from a previous estimate of +3.8%, (2) a rally in U.S. automakers after the stronger-than-expected Dec sales reports from Ford, GM and Chrysler, and (3) the report from Comscore that US online holiday spending this year was up +15% y/y to $37.2 billion, which reduces recession fears and increases confidence in the U.S. economic outlook.
  • Citigroup (C) fell 1.5% and Bank of America (BAC) slipped 1.2% in pre-market trading on carry-over weakness from a fall in European bank stocks.
Today's Market Focus
  • March 10-year T-notes this morning are up +9 ticks. T-note prices on Wednesday settled lower after the ICSC raised its retail sales estimates for Dec and Dec U.S. auto sales were stronger than expected: TYH2 -5, FVH2 +0.2, EDM2 +1.5. Bearish factors included (1) increased confidence in the U.S. economic outlook after the ICSC raised its Dec estimate for same-store sales to +4.0% from a previous estimate of +3.8%, which reduced the safe-haven demand for Treasuries and (2) the stronger-than-expected Dec sales reports from U.S. automakers Ford, GM and Chrysler, which boosted stocks and undercut Treasuries. Bullish factors included (1) increased safe-haven demand for Treasuries after Greek Prime Minister Papademos said Greece may face a default by March if it couldn't secure agreement with the Troika on a new economic plan and (2) concern the European sovereign debt crisis may worsen after Jean-Claude Juncker, head of the Euro-Zone finance ministers, said "Europe is facing a recession of unknown scope."
  • The dollar index this morning is higher with the dollar/yen +0.13 yen and the euro/dollar -1.12 cents at a fresh 1-1/4 year low. The dollar on Wednesday finished higher after Italy's biggest bank said it needs to raise more capital and European banks parked a record amount of euros with the ECB on Tuesday, signs the European sovereign debt crisis may worsen: Dollar Index +0.518, USDJPY -0.025, EURUSD -0.01069. Bullish factors included (1) the action by UniCredit, Italy's biggest bank, to sell new shares in a 7.5 billion euro offer, which fueled concern other banks will need to raise more capital, (2) the action by European banks to park a record 453.2 billion euros with the ECB on Tuesday, the most since the euro's introduction in 1999 as banks rather park their excess cash with the ECB at the overnight rate of 0.25% and incur a loss rather than lend it for more elsewhere, (3) concerns that Spain may need financial help after the Spanish newspaper Expansion reported that Spain's government may apply for loans from the EU's rescue fund and from the IMF, and (4) comments from Jean-Claude Juncker, head of the Euro-Zone finance ministers, who said "Europe is facing a recession of unknown scope." A bearish factor was the unexpected upward revision to the Dec Euro-Zone PMI composite index, which is euro supportive.
  • Feb crude oil prices this morning are down -66 cents a barrel and Feb gasoline is -1.92 cents per gallon. Crude oil prices settled higher after the EU said it may sanction Iranian oil exports, although a stronger dollar limited gains: CLG12 +$0.26, RBG12 +3.66. Feb crude posted a 6-3/4 month high and Feb gasoline climbed to a 2-1/4 month high. Bullish factors included (1) the statement from an EU spokesman that said the EU is working to sanction Iran's oil exports and banks, which increases geopolitical tensions and may prompt Iran to close the Strait of Hormuz, where one-sixth of the world's crude flows through daily and (2) the outlook for weekly DOE crude inventories to decline when they are reported Thursday. Bearish factors included (1) strength in the dollar, which reduces investment demand for commodities, (2) Bloomberg data that shows Dec OPEC crude output rose to 30.667 million barrels a day, a 3-year high, and (3) concern the European debt crisis will worsen and slow economic growth after the ECB reported overnight deposits from European financial institutions rose to an all-time high. Expectations for Thursday's weekly inventory report from the DOE (released 1-day later due to the New Year's Holiday) are for crude supplies to fall -1.0 million bbl, gasoline stockpiles to increase +1.0 million bbl, distillate inventories to rise +1.0 million bbl and the refinery utilization rate to increase +0.5 to 84.7%.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): MON-Monsanto (BEST earnings consensus $0.18), APOL-Apollo Group (1.18), FDO-Family Dollar Stores (0.68), MSM-MSC Industrial Direct (0.93), STZ-Constellation Brands (0.52), GPN-Global Payments (0.80), RPM-RPM International (0.39), WOR-Worthington Industries (0.32), HELE-Helen of Troy Ltd. (1.03), TXI-Texas Industries (-0.61), SHLM-A Schulman (0.42).
Global Financial Calendar
Thursday 1/5/12
United States
0730 ET Dec Challenger job cuts, Nov -12.8% y/y.
0815 ET Dec ADP employment change expected +178,000, Nov +206,000.
0830 ET Weekly initial unemployment claims expected -6,000 to 375,000, previous +15,000 to 381,000. Weekly continuing claims expected -31,000 to 3.570 million, previous +34,000 to 3.601 million.
1000 ET Dec ISM non-manufacturing index expected +1.0 to 53.0, Nov -0.9 to 52.0.
1030 ET Dec ICSC chain store sales expected +3.8%, Nov +3.2% y/y.
1100 ET Treasury announces amount of 1-year T-bills (previous $25 billion), 3-year T-notes (previous $32 billion), 10-year T-notes (previous $21 billion) and 30-year T-bonds (previous $13 billion) to be auctioned Jan 10-12.
1630 ET Weekly money supply report and Fed balance sheet.
Japan
0000 ET Dec Japan vehicle sales, Nov +24.1% y/y.
Germany
0200 ET Nov German retail sales expected +0.2% m/m and +0.7% y/y, Oct -0.2% m/m and -0.4% y/y.
France
0245 ET Dec French consumer confidence indicator expected +1 to 80, Nov -3 to 79.
United Kingdom
0430 ET Dec U.K. PMI services expected -0.6 to 51.5, Nov +0.8 to 52.1.
Euro-Zone
0500 ET Oct Euro-Zone industrial new orders expected +2.5% m/m and +3.3% y/y, Sep -6.2% m/m and +1.6% y/y.
0500 ET Nov Euro-Zone PPI expected +0.1% m/m and +5.2% y/y, Oct +0.1% m/m and +5.5% y/y.
Canada
0830 ET Nov Canada industrial product prices expected -0.3% m/m, Oct -0.1% m/m.
0830 ET Nov Canada raw materials price index expected +1.0% m/m, Oct -1.2% m/m.
1000 ET Dec Ivey purchasing mangers index (seasonally adjusted) expected -0.8 to 59.1, Nov +5.5 to 59.9.

Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
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