Weekend Headlines Bloomberg:Euro Ministers Reach Agreement on Second Greek Bailout. Euro-area finance ministers reached agreement on a second bailout package for Greece that is vital to staving off a default next month. The deal includes a 53.5 percent writedown for investors in Greek bonds, Luxembourg’s Jean-Claude Juncker, who led the meeting, told reporters early this morning. Debt-swap bonds will have a coupon of 2 percent in 2014, rising to 3 percent in 2015- 2020 and to 4.3 percent after that, he said. Finance ministers haggled into the night in Brussels over the terms of new loans to...
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Style Outperformer:Large-Cap Value +.59%Sector Outperformers: 1) Gold & Silver +2.59% 2) Alt Energy +1.19% 3) Coal +1.18%Stocks Rising on Unusual Volume:SWC, RIC, AUY, SKS, WYNN, ASIA, DWA, WPRT, PCYC, CHG, PBH, PBT, CHH, SWC, QCOR, CJES, PPO, PCYC, M and RRDStocks With Unusual Call Option Activity: 1) SWC 2) CIEN 3) HUM 4) LEAP 5) NIStocks With Most Positive News Mentions:1) BRCM 2) GRMN 3) JEC 4) WYNN 5) ETNCharts:ETFs Rising on Unusual VolumeStocks Rising on Unusual Volume Read
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Bloomberg:Greek Rescue Leaves Europe Default Risk Alive as Austerity Bites. Europe is still struggling to avoid the threat of default as investors warned Greece will soon risk violating the terms of its second bailout in three years. Seven months of negotiations ended in the pre-dawn hours in Brussels with Greece winning 130 billion euros ($172 billion) in aid it needs to avoid a March bankruptcy. Any respite may prove temporary after it signed up to a program of austerity and economic reform aimed at slashing debt to 120.5 percent of gross domestic product by 2020 from about...
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Style Underperformer:Small-Cap Growth -.41%Sector Underperformers:1) Airlines -6.07% 2) REITs -1.51% 3) Homebuilders -1.30%Stocks Falling on Unusual Volume:WMT, KLAC, HCN, SAVE, UAL, TSRA, MXWL, Z, CTRP, VVUS, TSRA, CIEN, SHPGY, RYAAY, CALL, MDVN, STMP, SATS, DAKT, ALGT, GILD, REGN, ITRI, TECH, GLNG, WFT, CTGX, RUK, NVE, MOH and CIEStocks With Unusual Put Option Activity:1) STI 2) ASIA 3) HRB 4) YOKU 5) APCStocks With Most Negative News Mentions:1) CTRP 2) KLAC 3) SINA 4) WMT 5) JCPCharts: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: Performing In LineEquity Investor Angst: VIX 18.31 +2.98%ISE Sentiment Index 102.0 -27.14%Total Put/Call .76 -10.59%NYSE Arms .89 -16.33%Credit Investor Angst:North American Investment Grade CDS Index 97.14 -.13%European Financial Sector CDS Index 178.23 -.39%Western Europe Sovereign Debt CDS Index 342.02 +2.02%Emerging Market CDS Index 253.57 -.52%2-Year Swap Spread 29.50 -1 bpTED Spread 42.0...
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Evening HeadlinesBloomberg: BOE’s Bean Says Greek Deal Doesn’t Eliminate Risk of Disorderly Outcomes. Bank of England Deputy Governor Charlie Bean said agreement on a second bailout for Greece may not be enough to end the debt crisis and countries in the euro- area periphery must reduce debt and improve competitiveness. “While this morning’s agreement between the Greek government and the euro-area authorities is certainly welcome, there still remains a possibility that events could unfold in a disorderly and damaging fashion at some stage in the future,” Bean said in a...
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U.S. Week Ahead by MarketWatch (video).Wall St. Week Ahead by Reuters.Stocks to Watch Tuesday by MarketWatch.Weekly Economic Calendar by Briefing.com.BOTTOM LINE: I expect US stocks to finish the week mixed as profit-taking, global growth fears and rising energy prices offsets better US economic data, less Eurozone debt angst and short-covering. My intermediate-term trading indicators are giving neutral signals and the Portfolio is 75% net long heading into the week. Read
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Evening HeadlinesBloomberg: Germany Eyes Approval for Greek Rescue. Germany wants euro-area finance chiefs to avoid splitting consideration of a 130 billion-euro ($171 billion) Greek rescue and a bond swap to cut the nation’s debt load at a meeting next week, coalition lawmakers were told by German government officials in a briefing. As long as Greece meets conditions for the aid, the finance chiefs will probably approve the package along with the debt exchange, three German officials involved in the telephone briefing yesterday said. A Finance Ministry spokesman declined to comment....
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Style Underperformer:Small-Cap Growth -.32%Sector Underperformers:1) Biotech -1.80% 2) Gold & Silver -1.80% 3) Steel -1.50%Stocks Falling on Unusual Volume:GILD, RP, QLIK, LIFE, AEM, CLF, NTT, ARTC, WOOF, TNGO, ARUN, HMSY, MDRX, MXWL, BIDU, LPNT, BMRN, BJRI, NTES, NVDA, Z, ONXX, PLCE, SCX, GIS, EVN, OIS, BMRN and TNGOStocks With Unusual Put Option Activity:1) ERIC 2) BBD 3) AET 4) TBT 5) XHBStocks With Most Negative News Mentions:1) DHI 2) CLF 3) VLO 4) WMT 5) CBEYCharts:ETFs Falling on Unusual VolumeStocks Falling on Unusual Volume Read
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Style Outperformer:Large-Cap Value +.08%Sector Outperformers: 1) Education +.79% 2) Retail +.77% 3) Telecom +.58%Stocks Rising on Unusual Volume:ACHN, AIXG, VRTX, IDIX, CPA, RAIL, VVUS, WWWW, PFCB, ROVI, FSLR, AGP, CAB, FIO, BGS, HP and CLDStocks With Unusual Call Option Activity: 1) CSIQ 2) MIPS 3) IMAX 4) SVU 5) MCKStocks With Most Positive News Mentions:1) CHK 2) CSX 3) BIDU 4) K 5) AMATCharts:ETFs Rising on Unusual VolumeStocks Rising on Unusual Volume Read
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