Boiler Room: The Official Stock Market Discussion

[Domingo Halliburton]

ECONOMIC REPORTS

Domestic economic reports scheduled for today include:
NFIB small business optimism index for January at 9:00--consensus 101.0
Wholesale trade inventories for December at 10:00--consensus up 0.2%
JOLTS job openings for December at 10:00--consensus 4.99M

ANALYST RESEARCH

Upgrades

Citi (C) upgraded to Buy from Hold at Deutsche Bank
CoreSite Realty (COR) upgraded to Buy from Neutral at BofA/Merrill
CyberArk (CYBR) upgraded to Outperform from Market Perform at William Blair
Equity Residential (EQR) upgraded to Buy from Neutral at BofA/Merrill
Hasbro (HAS) upgraded to Outperform from Market Perform at BMO Capital
St. Jude Medical (STJ) upgraded to Buy from Neutral at Sterne Agee
TECO Energy (TE) upgraded to Buy from Neutral at UBS

Downgrades

AES Corp. (AES) downgraded to Neutral from Buy at BofA/Merrill
American Campus (ACC) downgraded to Neutral from Buy at Citigroup
Approach Resources (AREX) downgraded to Sell from Hold at Miller Tabak
Bruker (BRKR) downgraded to Neutral from Buy at BofA/Merrill
EPR Properties (EPR) downgraded to Neutral from Buy at Citigroup
Fifth Street Finance (FSC) downgraded to Equal Weight from Overweight at Barclays
Fifth Street Finance (FSC) downgraded to Market Perform at Raymond James
Fifth Third Bancorp (FITB) downgraded to Hold from Buy at Deutsche Bank
Gap (GPS) downgraded to Neutral from Buy at Mizuho
Golub Capital (GBDC) downgraded to Market Perform from Outperform at Wells Fargo
Masco (MAS) downgraded to Neutral from Buy at MKM Partners
Masco (MAS) downgraded to Outperform from Strong Buy at Raymond James
Occidental Petroleum (OXY) downgraded to Neutral from Buy at Citigroup
SPX Corp. (SPW) downgraded to Sell from Hold at Deutsche Bank
Transocean (RIG) downgraded to Underperform from Neutral at Credit Suisse

Initiations

AmTrust (AFSI) initiated with a Buy at SunTrust
Cempra (CEMP) initiated with a Buy at Janney Capital
County Bancorp (ICBK) initiated with an Outperform at RW Baird
Hain Celestial (HAIN) initiated with an Outperform at Bernstein
Insmed (INSM) initiated with a Buy at Janney Capital
Leju (LEJU) initiated with a Buy at BofA/Merrill
Old Line Bancshares (OLBK) initiated with an Outperform at RW Baird
Patriot National (PN) initiated with a Buy at SunTrust
Patriot National (PN) initiated with a Buy at UBS
Patriot National (PN) initiated with an Outperform at BMO Capital
Patriot National (PN) initiated with an Outperform at JMP Securities
Pernix Therapeutics (PTX) initiated with a Buy at Cantor
Primerica (PRI) initiated with a Hold at Jefferies
Stifel Financial (SF) initiated with a Buy at Evercore ISI
Unilife (UNIS) initiated with an Overweight at Piper Jaffray

COMPANY NEWS

Qualcomm (QCOM) confirmed settlement in China, to pay $975M fine
Gap (GPS) reported January SSS down 3%
Aeropostale (ARO) announced that Marc Miller, EVP and CFO, has been appointed EVP and COO. The company also said that David dikk will join the company as SVP and CFO on February 17
UBS (UBS) said SEC, NY AG investigating sales of unregistered securities
GNC Holdings (GNC) refuted claims made by the New York State Attorney General in his February 2 letter with original test results and the results of retesting that was performed on the product lots cited in the letter

EARNINGS
Companies that beat consensus earnings expectations last night and today include:
Wyndham (WYN), Spirit Airlines (SAVE), RetailMeNot (SALE), Globe Specialty Metals (GSM), Full Circle Capital (FULL), Horace Mann (HMN), Yodlee (YDLE), INTL FCStone (INTL), AMAG Pharmaceuticals (AMAG), Inphi (IPHI), Brixmor (BRX), Comstock Resources (CRK), Compass Minerals (CMP), CSC (CSC), Newport (NEWP), Meru Networks (MERU), ICU Medical (ICUI), MaxLinear (MXL), Model N (MODN), GigOptix (GIG), Primerica (PRI), Premier (PINC), Waste Connections (WCN), Molina Healthcare (MOH), Cascade Microtech (CSCD), ESCO Technologies (ESE), Danaos (DAC), Montpelier Re (MRH), RealD (RLD), Qualys (QLYS)

Companies that missed consensus earnings expectations include:
Regeneron (REGN), Genesee & Wyoming (GWR), Talisman Energy (TLM), NGL Energy Partners (NGL), Otter Tail (OTTR), Albany International (AIN), Dun & Bradstreet (DNB), Good Times Restaurants (GTIM), Argo Group (AGII), KapStone (KS), Orion Energy (OESX), CM Finance (CMFN), Selectica (SLTC), Coupons.com (COUP), Unilife (UNIS), First Marblehead (FMD), Neurocrine (NBIX), Allison Transmission (ALSN), Arrowhead (ARWR), Blue Capital (BCRH)

Companies that matched consensus earnings expectations include:
Allot Communications (ALLT), Crown Holdings (CCK), Liberator Medical (LBMH), Silver Spring (SSNI)

Greenbrier (GBX) backs FY15 EPS view $5.20-$5.50, consensus $5.42
Qualcomm (QCOM) raises FY15 EPS view to $4.85-$5.05 from $4.75-$5.05
Gap (GPS) raises Q4 EPS view to 73c-74c, consensus 68c, raises FY14 EPS view to $2.86-$2.87, consensus $2.76
Aeropostale (ARO) sees Q4 EPS (6c)-(1c), consensus (27c)
Urban Outfitters (URBN) reports Q4 revenue $1.01B, consensus $997.69M

NEWSPAPERS/WEBSITES

Disney's (DIS) Marvel, Sony (SNE) agree on Spider-Man movie production, WSJ reports
Telefonica (TEF) undecided on response to AT&T's (T) Mexico push, Financial Times says
IBM (IBM) files lawsuit against Priceline (PCLN) over patent royalties, Bloomberg reports
Samsung (SSNLF), Microsoft (MSFT) settle Android patent payment dispute, Re/code reports
Apple (AAPL) planning debut bond sale in Swiss francs, WSJ reports
Ireland may reject IAG (ICAGY) offer for Aer Lingus, Bloomberg says (BAIRY)

SYNDICATE

Atara Biotherapeutics (ATRA) files to sell 3M shares of common stock
Avenue Financial (AVNU) 2.5M share IPO priced at $11.00
Biocept (BIOC) 8M share Secondary priced at $1.25
Ensign Group (ENSG) files to sell 2.5M shares of common stock
Health Insurance Innovations (HIIQ) files to sell 800,992 shares of Class A common
Idera Pharmaceuticals (IDRA) files to sell $75M in common stock
RedHill Biopharma (RDHL) files to sell ADS shares, no amount given
Rose Rock Midstream (RRMS) files to sell 2M common units representing limited partners
Teva (TEVA) files automatic mixed securities shelf

so are we risk on?

 

[Ohene]

good time to buy into natural gas.

i need a second opinion though

 

[Swagaveli]

Out chea in on DWTI, watching this crude oil drop. Who else in?

 

[Domingo Halliburton]

Out chea in on DWTI, watching this crude oil drop. Who else in?

nice call. how low do you think oil can go?

 

[Swagaveli]

nice call. how low do you think oil can go?

My avg is below 99 on DWTI. Haven't sold shyt. Waiting for my nikka http://www.eia.gov/petroleum/supply/weekly/ to come crush the buildings tomorrow and send DWTI up to 120-130 zone (check what happened last Wed the 4th also).

IEA also mentioning more downsize pressure etc. Of course plenty of people talking about ''risks priced in etc''. But I just see this whole thing as volatile and take it for what it's worth. DWTI could max out at 150 zone or more before summer (after wild swings that is)

i think before Q3 oil will bottom out at 30-35 range, then head off to a stonger 2nd half of the year.

Citigroup put a target at 20 - that's just wylin I think

 

[Swagaveli]

Oh and SPY 204 weekly puts on deck.

FSLR will trade harder than a bytch tomorrow it seems with the AAPL news too. Not to mention AAPL itself, wheeeew

 

[Futuristic Eskimo]

My avg is below 99 on DWTI. Haven't sold shyt. Waiting for my nikka http://www.eia.gov/petroleum/supply/weekly/ to come crush the buildings tomorrow and send DWTI up to 120-130 zone (check what happened last Wed the 4th also).

IEA also mentioning more downsize pressure etc. Of course plenty of people talking about ''risks priced in etc''. But I just see this whole thing as volatile and take it for what it's worth. DWTI could max out at 150 zone or more before summer (after wild swings that is)

i think before Q3 oil will bottom out at 30-35 range, then head off to a stonger 2nd half of the year.

Citigroup put a target at 20 - that's just wylin I think

They didn't put a target at 20. They said that is the maximum downside breh

 

[Swagaveli]

Yeah my bad brehsky, a bit tired here. Do chime in if you got opinions on this shyt, I kknow you, Domingo, Asantehene and Brady Holke know WAAY more than me about stocks and options and have more experience in the markets.

They didn't put a target at 20. They said that is the maximum downside breh

 

[Domingo Halliburton]

Blackrock likes ford. Doubled their stake.

 

[JahFocus CS]

The lower oil goes, the more of a buying opportunity it is

It won't stay low forever

 

[Ohene]

The lower oil goes, the more of a buying opportunity it is

It won't stay low forever

my position in CVE is low right now so i wont even mind. Its a mere 500.

The more this shyt lowers the less downside. I might even say Dollar cost averaging at anything below 45 is a guaranteed W in a few years.

 

[Ohene]

as far as analysts they can go to hell. None of them foresaw the top so why should I believe their calls for the bottom?

that being said I called 45 as a realistic bottom and would add 30 is the ABSOLUTE WORST CASE SCENARIO. If this shyt hits $30....bet the house on Crude. Natural Gas I see rebounding shortly

UGAZ on deck

 

[Swagaveli]

DWTI long position and SPY puts looking like it's go time here today. At 10.30 we'll see what's really good

 

[Domingo Halliburton]

RAD and it almost triggered my stop when it fell below 7

Wish I would have held on to the shares I bought in the 3's.

 

[Futuristic Eskimo]

DWTI long position and SPY puts looking like it's go time here today. At 10.30 we'll see what's really good