Euro (6E) and Oil (CL) Pivot Points for 8.6.2012
Category: Blog
Halftime Report 8.3.2012
S&P futures gained 26.25 points to 1388.25, NASDAQ futures rose 59.00 points to 2677.50, and Dow futures rallied 232.00 points to 13063.00.
Gold rose above $1600 to $1608.50 after a rise of $17.80 this morning. WTI crude also posted gains of $4.38 to $91.51.
CBS (CBS) and Linkedin (LNKD) posted positive earnings gaining 5.87% and 12.18% respectively. Open Table Inc. (OPEN) shares increased 17% after releasing positive earnings and great guidance.
Zipcar Inc. (ZIP), in my opinion has a great business model, however I am not sure if I would touch this stock. Last night ZIP lowered its guidance for the coming quarter, shares followed by losing 33%.
Facebook Inc. psyched out bearish investors by rising over 4.5% this morning. Maybe this is somehow correlated to LNKD’s gain?
David Cornes holds a degree in economics from the University of Montana.
In The Money – Andrew Keene – CBOE TV 8.3.2012
CBOE TV Interview 8.2.2012 Unusual Options Activity
S&P Emini & Unusual Options Activity Daily Vid Recap 8.2.2012
CBOE TV Interview 7.31.2012
Movers and Shakers – LNKD – 8.2.2012
Linkedin announced earnings of 16 cents a share, in line with expectations. They posted an 88.6% gain in revenue since this time last year. Profit rose to $2.8 million or 3 cents a share this quarter with revenue of $228.2 million. Last year at this time LNKD had a revenue of $121 million. Their full year revenue is expected to be in the range of $915 to $925 million, higher than analysts’ expectations of $880 to $900 million.
Attached is a link to an article by Andrew Keene, including some of his LNKD options plays:
David Cornes holds a degree in economics from the University of Montana.
Morning Rage 8.2.2012
Overnight S&P 500 futures gained 11.5 points to 1373.50, Dow futures gained 97 points, and NASDAQ futures rose 23.50 points to 2642.00.
So far, of the 385 companies in the S&P 500 that have reported earnings, 67 have beat expectations. In my opinion, this is insignificant due to analysts’ lowball earnings expectations.
LinkedIn Corp. (LNKD) posted strong earnings last night, gaining over 8% in after hours trading. They reported stronger than expected earnings as well as a strong guidance.
Knight Capital Group (KCG) had a terrible day yesterday, falling 63% after an algo meltdown expected to cost the company roughly $440 million.
EUR/USD futures (6EU2) rose 88 pipps after news that the ECB would not take immediate action settled in. 6E was trading at $1.2268 this morning.
David Cornes holds a degree in economics from the University of Montana.
Chris Cruises the Globe 8.3.2012
The Hang Seng was not hit as hard but did feel the squeeze as it dropped .1%, however is up 2% for the
week. Property shares recovered some ground today as China Overseas land added 1.7% and Poly Real
Estate, listed on the Shanghai exchange, gained back 1.8% after the 9% loss yesterday.
Europe moved on from the ECB news yesterday and is rallying around US jobs data, the FTSEurofirst
is currently ahead 1%, on track for its ninth weekly gain in a row. Eurozone banks are helping the rally
with Societe Generale up 4.5%, Intesa Sanpaolo up 6.1% and Deutsche Bank up 3.7%.Around Europe all
indices are up except for the PSI general, Germany’s Dax is up 1.5%, the French CAC 40 is up 1.4%, the
Madrid General is up 3.16% and AEX Amsterdam is up 1.67%.
Siemens, up 4.5%, has started a stock buyback, after getting shareholder approval at its annual meeting,
to use the money for employee compensation and convertible and warrant bonds.
Crude and gold are set to begin the day up as silver and natural gas are in the red.
Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market.
Comments can be directed to ryghcw19@uww.edu
Doherty at the Close 8.2.2012
European stocks tumbled, with Spain’s IBEX 35 sliding 5.2%, and Italy’s FTSE MIB losing 4.6%. Overall, the Stoxx Europe 600 dropped 1.3%.
Knight Capital Group (KCG) lost 63% of their share value after annoucing that they had lost $440 million in a mishap with their electronic trading system. The company has lost more than two-thirds of its share value in 24 hours.
Concerns about Europe overshadowed mixed U.S. economic data. The number of workers filing applications for jobless benefits rose to 365,000 last week, a smaller increase than economists had expected, according to a Dow Jones Newswires poll. T
Abercrombie & Fitch (ANF) tumbled after the company lowered its outlook for the year based on lower than expected sales trend. Yelp (YELP) climbed 17% when the site reported a narrower than expected loss in its second quarter.