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Halftime Report 7.23.2012

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S&P 500 futures fell 20.50 points to 1337.75, NASDAQ futures fell 53.00 points to 2560.25, and Dow Jones Industrial Average futures fell 163.00 points to 12610.00.

Soybean futures gave back over 35 cents of last week’s parabolic gains and easing drought fears.

WTI crude futures dipped below the $90.00 level and were trading at 89.00, down $2.83 on the day. Gold futures followed other futures with a decline of $7.90 to trade at $1574.90.

Hasbro Inc. (HAS) was yet another stock that posted weak earnings, yet managed to rise due to beating estimates. HAS rose over 4%.

Peet’s Coffee & Tea Inc. (PEET), a Seattle favorite and alternative to Starbucks, rose over 29% after John A. Benckiser agreed to buy the company for $1 billion or $73.50 a share.

McDonald’s Corp. (MCD) fell over 2.5% after reporting a drop in profit. MCD blames the strong USD for the drop in profit.

PetMed Express Inc. (PETS) fell almost 13% after announcing weak profit and revenue.

Sprint Nextel (S) lost over 4.5% this morning as signs of the telecommunications industry weakening became more evident.

Halliburton Co. dipped around 2% this morning and then rose to a positive 1.56% after releasing positive earnings. They had a profit of $737 million and 79 cents a share, up from $627 million last year with 68 cents a share. Revenue gained to $7.23 billion from $5.94 billion a year ago.

Apple (AAPL) declined 1.22% in preparation for tomorrow’s earnings release scheduled for after the close.

David Cornes holds a degree in economics from the University of Montana.

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Movers and Shakers – NXY – 7.23.2012

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CNOOC agreed to buy NXY for $27.50 a share or 61% higher than Friday’s close. NXY reported Q2 earnings of 19 cents, missing analysts’ expectations of 39 cents a share. Last year at this time NXY reported earnings of 46 cents a share and blames the earnings decrease on oil and gas prices. Q2 revenue jumped gained 11.5% to 1,769.3 million from 1654.7 million last year. the buyout is estimated to be finished in the fourth quarter.

Nexen holds a diversified portfolio consisting of both production and exploration units. Their exploration branch primarily functions in the Gulf of Mexico, West Africa and the North Sea.

David Cornes holds a degree in economics from the University of Montana.

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Chris Cruises the Globe 7.23.2012

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Even harder hit was the Hang Seng losing just about 3%, its worst day Since May. HSBC Holdings was
the big news hitting a 40 month low losing 5.7% today, an 8.6B dollar market value loss in China. China
Merchant Holdings also took a blow losing 5.9%.

European markets, as you may have guessed, were down. The FTSEurofirst shed 1.4% and in the heart of
the problem the Spanish Ibex lost 3.2%. European bank shares fell 4.4% and shares in Italian banks were
temporarily suspended from trading. While these fears are resurfacing in the market many know they
had never gone away.

The Eurozone’s government debt to GDP ratio stands at 88.2% at the end of the first quarter compared
to 87.3% and the end of Q4.

Futures appear to be hard hit before opening with crude losing almost 3%, natural gas and silver 1% and
1.5% respectively and gold .7%.

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

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Morning Rage 7.23.2012

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Announcements today include the Chicago Fed National Activity Index and earnings
this morning from Mcdonalds, Haliburton, Hasbro and Coke.

The S&P 500 is down 1.01% from its rise last week due to troubles in Europe. 10-
year treasuries and Oil took an even bigger hit down 4.11% and 3.44% respectively.
The only bright spot is the dollar, up 0.41% at the open.

Make sure to check out our free Webinar tonight at 6:00pm and follow us on Twitter
@keeneonmarket!

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Doherty at the Close 7.20.2012

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Chipotle (CMG) slumped 22%, the biggest drop on the S&P 500, after the restaurant operator’s quarterly revenue came in shy of expectations and customer traffic slowed.

In Europe, markets were broadly lower on concerns that Spain could be forced into a full-fledged sovereign bailout to ease the country’s debt burdens. The Valencia region of Spain said it plans to seek aid from the Spanish government, and a downward revision to Spanish growth expectations further compounded investor worries. The Stoxx Europe 600 fell 1.4%, while Spain’s IBEX-35 index tumbled 5.8%. The yield on benchmark 10-year Spanish bonds rose back above 7%.

Crude-oil futures fell 1.3% to settle at $91.44 a barrel, while gold futures added 0.2% to settle at $1582.50 a troy ounce. The U.S. dollar rose against the euro but lost ground against the yen. The yield on the 10-year U.S. Treasury bond fell to 1.459%.