Style Outperformer:Large-Cap Value -.03%Sector Outperformers: 1) Gold & Silver +4.88% 2) Oil Service +.99% 3) I-Banking +.69%Stocks Rising on Unusual Volume:SHLD, WMT, EGO, PAAS, PCYC, JACK, NTES, PLCE, CTRP, KNM, MM, GDX and BKEStocks With Unusual Call Option Activity: 1) ALR 2) ABV 3) DLTR 4) VRSN 5) ZSLStocks With Most Positive News Mentions:1) CAT 2) TIF 3) NOC 4) WMT 5) CSCCharts:ETFs Rising on Unusual VolumeStocks Rising on Unusual Volume Read
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Style Underperformer:Mid-Cap Growth -1.83%Sector Underperformers:1) Oil Tankers -3.70% 2) Homebuilders -3.51% 3) Airlines -3.01%Stocks Falling on Unusual Volume:XHB, NIHD, STO, CHU, CLMT, BCS, CIT, HBHC, JPM, DAL, OSK, ITC, NAV, PHMD, AVEO, RRGB, VNET, DLTR, PANL, LQDT, SVVC, ORLY, PETD, ARMH, LINTA, ALKS, GSVC, GRPN, SIRO, GHDX, RPT, PKB, KEX, AAP, SM, LTD, AIG, SSI, RYL, CAT, ITB, KKR, CHKR, DKS, AL, HUN, ARG, GRA, ACTV, SIRO, ITC, EXP, CYT, ANF, HTZ, XTEX, HGT, RGR, TKR, AZO, APO, LAD, KEX, WAIR, URI, AVEO, TEX, NUS and GMEStocks With Unusual Put Option Activity:1) RSX 2) KBH 3) URI 4)...
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Bloomberg:Spain Banks Face Moody’s Downgrades as Bankia Denies Deposit Run. Spanish banks face credit ratings downgrades by Moody’s Investors Service later today as the government denied there was a run on deposits at Bankia SA (BKIA), the ailing lender it’s taking over. Moody’s is expected to make a statement on downgrades for Spanish banks this evening after 9 p.m. in Madrid, said two people with knowledge of the situation, who asked not to be identified because the decision hasn’t been announced. A Moody’s spokeswoman in London declined to comment in a phone interview. A...
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Broad Market Tone: Advance/Decline Line: Sharply LowerSector Performance: Almost Every Sector DecliningVolume: Slightly Below AverageMarket Leading Stocks: UnderperformingEquity Investor Angst: VIX 23.33 +4.76%ISE Sentiment Index 92.0 +15.0%Total Put/Call 1.42 +14.52%NYSE Arms .91 -20.65%Credit Investor Angst:North American Investment Grade CDS Index 121.14 +1.86%European Financial Sector CDS Index 305.03 +4.79%Western Europe Sovereign Debt CDS Index 308.14 +1.87%Emerging Market CDS Index 313.28 +.97%2-Year Swap Spread 35.75...
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Evening HeadlinesBloomberg: Santander, BBVA Among Spanish Banks Downgraded by Moody’s. Banco Santander (SAN) SA and Banco Bilbao Vizcaya Argentaria SA, Spain’s biggest lenders, were cut three levels by Moody’s Investors Service, which cited a recession and mounting loan losses in downgrading 16 of the nation’s banks. Nine firms were cut three notches and seven were kept on review for further reductions, Moody’s said yesterday in a statement. Santander’s U.K.-based subsidiary also was cut. The moves followed Moody’s May 14 downgrade of 26 Italian banks and its Feb. 13 cut of...
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Evening HeadlinesBloomberg: Greek President Told Banks Anxious as Deposits Pulled. Greek President Karolos Papoulias was told by the central bank chief this week that financial institutions are becoming anxious about their prospects as Greeks pull out cash after the inconclusive May 6 elections. Central bank head George Provopoulos told Papoulias that Greeks have withdrawn as much as 700 million euros ($891 million) and the situation could worsen, according to the transcript of the president’s meeting with party leaders on May 14 that was published yesterday. “Provopoulos told me that of...
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Style Outperformer:Small-Cap Growth +.49%Sector Outperformers: 1) Airlines +1.39% 2) Gold & Silver +1.28% 3) Oil Service +1.27%Stocks Rising on Unusual Volume:SFD, GM, SINA, PBR, VNET, GE, ACHC, OSUR, RDWR, ABMD, GRPN, PAAS, CREE, MAKO, TKF, CHS, KOF, LM, GT, VHC, NUS and COGStocks With Unusual Call Option Activity: 1) SSRI 2) AEM 3) EGO 4) ANN 5) MHRStocks With Most Positive News Mentions:1) NOC 2) SD 3) ESV 4) ANF 5) PGRCharts:ETFs Rising on Unusual VolumeStocks Rising on Unusual Volume Read
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Bloomberg:ECB Stops Loans to Some Greek Banks as Draghi Talks Exit. The European Central Bank said it will temporarily stop lending to some Greek banks to limit its risk as President Mario Draghi signaled the ECB won’t compromise on key principles to keep Greece in the euro area. The Frankfurt-based ECB said today it will push the responsibility for lending to some Greek financial institutions onto the Greek central bank until they have sufficiently boosted their capital. “Once the recapitalization process is finalized, and we expect this to be finalized soon, the banks will regain...
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Style Underperformer:Large-Cap Growth -.60%Sector Underperformers:1) Coal -3.50% 2) Steel -3.0% 3) Agriculture -1.41%Stocks Falling on Unusual Volume:CHU, SNP, MCP, JCP, ANF, ACTV, TNGO, CCJ, CALL, AKAM, TYC, LUK, TAXI, PETD, ASEI, LRCX, FRAN, CNQR, INFA, SVVC, CVV, HCII, HIBB, PANL, NVLS, SNDK, SYNC, LAMR, ACAT, BMC, SDT, INFA, RGR, ITRI, LXU and SPLSStocks With Unusual Put Option Activity:1) JCP 2) EWA 3) AMAT 4) DELL 5) KGCStocks With Most Negative News Mentions:1) JPM 2) KLAC 3) ANF 4) LRCX 5) PCXCharts:ETFs Falling on Unusual VolumeStocks Falling on Unusual Volume Read
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Broad Market Tone: Advance/Decline Line: LowerSector Performance: Most Sectors DecliningVolume: Below AverageMarket Leading Stocks: UnderperformingEquity Investor Angst: VIX 22.21 +1.09%ISE Sentiment Index 82.0 -7.87%Total Put/Call 1.26 +6.78%NYSE Arms 1.03 -48.03%Credit Investor Angst:North American Investment Grade CDS Index 119.18 +1.56%European Financial Sector CDS Index 290.81 +.74%Western Europe Sovereign Debt CDS Index 302.35 +1.25%Emerging Market CDS Index 309.69 +2.26%2-Year Swap Spread 36.5 -2.0 basis pointsTED ...
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