Boiler Room: The Official Stock Market Discussion

Domingo Halliburton

Domingo Halliburton

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ECONOMIC REPORTS

Domestic economic reports scheduled for today include:
Dallas Fed manufacturing activity index for January at 10:30--consensus 4.0

ANALYST RESEARCH

Upgrades

American Axle (AXL) upgraded to Overweight from Neutral at JPMorgan
Bed Bath & Beyond (BBBY) upgraded to Outperform from Perform at Oppenheimer
DRDGOLD (DRD) upgraded to Neutral from Underweight at JPMorgan
DealerTrack (TRAK) upgraded to Buy from Hold at Stifel
DreamWorks Animation (DWA) upgraded to Buy from Neutral at B. Riley
First Niagara (FNFG) upgraded to Buy from Hold at Jefferies
Fortinet (FTNT) upgraded to Buy from Neutral at Citigroup
Garmin (GRMN) upgraded to Outperform from Sector Perform at RBC Capital
Harmony Gold (HMY) upgraded to Overweight from Neutral at JPMorgan
McDonald's (MCD) upgraded to Overweight from Equal Weight at Stephens
Monro Muffler (MNRO) upgraded to Neutral from Reduce at SunTrust
Pier 1 Imports (PIR) upgraded to Outperform from Perform at Oppenheimer
Randgold (GOLD) upgraded to Overweight from Neutral at JPMorgan
Triumph Group (TGI) upgraded to Sector Perform from Underperform at RBC Capital

Downgrades

Aluminum Corp. of China (ACH) downgraded to Underweight from Neutral at JPMorgan
AmeriGas (APU) downgraded to Hold from Buy at Jefferies
B2Gold (BTG) downgraded to Neutral from Buy at Goldman
CenterPoint Energy (CNP) downgraded to Neutral from Buy at Citigroup
CommScope (COMM) downgraded to Sector Perform from Outperform at RBC Capital
Derma Sciences (DSCI) downgraded to Neutral from Overweight at Piper Jaffray
Fortress (FIG) downgraded to Market Perform from Outperform at Keefe Bruyette
Gold Fields (GFI) downgraded to Neutral from Overweight at JPMorgan
Graco (GGG) downgraded to Perform from Outperform at Oppenheimer
Gran Tierra (GTE) downgraded to Neutral from Outperform at Credit Suisse
HCP (HCP) downgraded to Neutral from Buy at Mizuho
IGM Financial (IGIFF) downgraded to Underweight from Equal Weight at Barclays
Insulet (PODD) downgraded to Market Perform from Outperform at William Blair
KCG Holdings (KCG) downgraded to Sell from Neutral at Goldman
Knight Transportation (KNX) downgraded to Hold from Buy at KeyBanc
Maxim Integrated (MXIM) downgraded to Neutral from Positive at Susquehanna
Praxair (PX) downgraded to Neutral from Outperform at RW Baird
Qualys (QLYS) downgraded to Market Perform from Outperform at JMP Securities
State Street (STT) downgraded to Underperform from Market Perform at Bernstein
Tandem Diabetes (TNDM) downgraded to Market Perform from Outperform at William Blair
Trinseo (TSE) downgraded to Neutral from Buy at Citigroup
UPS (UPS) downgraded to Equal Weight from Overweight at Barclays
UPS (UPS) downgraded to Neutral from Outperform at Credit Suisse
VeriSign (VRSN) downgraded to Underperform from Neutral at Credit Suisse

Initiations

Aruba Networks (ARUN) initiated with a Neutral at Citigroup
KapStone (KS) initiated with an Outperform at RBC Capital
Lear (LEA) resumed with a Neutral at JPMorgan
Paramount Group (PGRE) initiated with a Neutral at UBS
QAD Inc (QADB) initiated with a Buy at Canaccord
Ruckus Wireless (RKUS) initiated with a Buy at Citigroup
Ubiquiti Networks (UBNT) initiated with a Neutral at Citigroup

COMPANY NEWS

AT&T (T) to acquire Nextel Mexico for $1.88B, less outstanding net debt
Post Holdings (POST) to acquire MOM brands for $1.15B
RockTenn (RKT) and MeadWestvaco (MWV) entered into a definitive combination agreement to create a global provider of consumer and corrugated packaging in a transaction with a combined equity value of $16B
Endo (ENDP) to replace Covidien (COV) in S&P 500 as of 1/26 close, HCA Holdings (HCA) to replace Safeway (SWY) in S&P 500 as of 1/26 close
Gilead Sciences (GILD) expanded its hepatitis C generic licensing agreements to include the investigational NS5A inhibitor GS-5816. The expanded agreements will allow Gilead’s India-based partners to manufacture GS-5816 and the single tablet regimen of sofosbuvir/GS-5816, once approved, for distribution in 91 developing countries
AXIS Capital (AXS), PartnerRe (PRE) to combine in $11B merger

EARNINGS

Companies that beat consensus earnings expectations last night and today include:
Provident Financial (PROV), RockTenn (RKT)

Post Holdings (POST) reports preliminary Q1 sales $1.07B, consensus $1.07B
PartnerRe (PRE) sees Q4 EPS $4.20-$4.60, may not compare to consensus $3.04
AXIS Capital (AXS) sees Q4 EPS $1.15-$1.21, consensus $1.21

NEWSPAPERS/WEBSITES

Apple (AAPL) to report China iPhone sales topped U.S. iPhone sales, Financial Times reports
Teva (TEVA) rebuffed Pfizer (PFE) approach late last year, Bloomberg reports
Yahoo (YHOO) may absorb Tumblr sales force, Re/code reports
FXCM (FXCM) to consider selling assets to repay rescue loan, WSJ reports
Private equity firm 'seriously' considered buying Herbalife (HLF), NY Post reports (NUS, AVP)
PepsiCo's (PEP) new director nominee could ease tensions with Trian, Barron's says
Twitter (TWTR) still has problems, Barron's says
Urban Outfitters (URBN) could be more attractive, Barron's says
Oracle (ORCL) shares could climb over 20%, Barron's says
Click to expand...
 
Domingo Halliburton

Domingo Halliburton

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I know volume isn't necessarily an indicator of liquidity but eMini volume has fallen off a cliff....

B8Rm4tRIcAIA4n2.png:large
 
Domingo Halliburton

Domingo Halliburton

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China Property Agony Deepens as Trust-Loan Lifelines Cut


China's investment trusts are pulling financing for the real estate industry as Kaisa Group Holdings Ltd. (1638) 's missed payments heighten default concerns.

Issuance of property-related products, which channel money from wealthy individual investors, tumbled 62 percent from a year earlier to 38.5 billion yuan ($6.2 billion) in the fourth quarter, data compiled by research firm Use Trust show. Builders must repay 241 billion yuan of trusts in 2015, up from 178 billion yuan last year. Kaisa, which missed a bond coupon payment this month, failed to repay a 2.5 billion yuan trust last week, people familiar with the matter said.

"The record amount of trust products due is adding to the agony of property developers as they face a withering funding lifeline," said Shuai Guorang, an analyst based in the southeastern city of Nanchang at Use Trust. "Investor demand for property trusts has declined as they are concerned about developers' cash supply."

While Premier Li Keqiang's relaxation of property curbs has helped underpin a rebound in home sales, investors are speculating more developers may be caught up in an anti-corruption drive. Kaisa, Agile Property Holdings Ltd. (3383) and Hydoo International Holding Ltd., which builds large-scale trade centers, have been linked to probes. Local authorities in Handan, southwest of Beijing, sent work teams into 13 developers after failure to repay funds, Xinhua News Agency reported.

Crunch Risk
"A big portion of shadow bank funding, including trust financing, is borrowed by property developers," said David Cui, China strategist at Bank of America Corp. "If there is a sharp rise of defaults by the developers, it may cause a shock to investor confidence in shadow banking, which will raise risks of a credit crunch."
Click to expand...

Jim Chanos might be right....

http://finance.yahoo.com/news/china-property-agony-deepens-trust-024426712.html
 
O

Ohene

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Asantehene said:
CBS might be a good buy right now if it has good news this earnings release. AMCX is a very good buy to me at these levels. But I havent done research on the media industry in a long time. Fedex will benefit well from the drop in oil prices too. I'll keep you posted.
Click to expand...
AMCX already up 6% since that post. :smh:

Was gonna buy in next paycheck
 
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