Gapping up
In reaction to strong earnings/guidance: VPHM +4.8%, JAZZ +3.8%, KITD +3.6%, APOL +2% (also announces retirement timetable of Co-CEO Charles B. Edelstein), XRTX +0.7%.
M&A news: Jingwei Intl (JNGW halted) announces receipt of 'go private' proposal.
A few oil/gas related names showing modest strength: SD +3.1% (files registration statement for Initial Public Offering of Units of SandRidge Mississippian Trust II, also mentioned positively on MadMoney), E +1.6%, RDS.A +0.9%, NOV +0.7%, BP +0.6%, RIG +0.4% (Ricardo Rosa will step down as Executive Vice President and Chief Financial Officer effective January 9, 2012).
Other news: BDSI +131% (Endo Pharmaceuticals and BioDelivery Sciences International sign licensing agreement for BEMA Buprenorphine, initiated with Outperforms at William Blair ), DEJ +12.3% (announced that the vertical test well drilled at the South Rangely was successfully completed), DNDN +5.9% (continued momentum), SVNT +5.9% (announces permanent J-Code assigned for Krystexxa), BSX +5.8% (still checking), NWK +5% (announces restructuring), ACHC +4.1% (to acquire three inpatient psychiatric hospitals for $91 mln in cash; expect this accretive transaction will produce incremental annualized earnings of ~$0.20-0.22/share; initiated with a Buy at Jefferies).
Analyst comments: REN +1.7% (ticking higher, upgraded to Neutral from Underperform at Sterne Agee), SNDK +1.4% (upgraded to Buy from Neutral at Sterne Agee), VOD +0.9% (upgraded to Buy from Neutral at Goldman).
Looking for a Trend
By James "Rev Shark" DePorre
Jan 06, 2012 | 7:52 AM EST
Life is always at some turning point.
-- Irwin Edman
After fighting back from weak opens the past two days, market players are gearing up to deal with this morning's jobs news. Expectations for good news are higher after a better-than-expected ADP report on Thursday, but bears will be looking to fade strength. We haven't been able to hold gains on better-than-expected monthly jobs numbers lately.
The market has been exhibiting good stickiness to the upside, which is a positive, but the buying is just strong enough to hold us steady and there aren't many signs of good leadership or momentum. Small-cap oils were a bright spot for a few days and gold managed a good bounce, but we aren't seeing any sustained action in groups like technology, retail or financials.
Some market players are hopeful that U.S. relative strength against Europe on Thursday following jobs news was an indication that maybe we'd start trading more on our own merits, but it is reckless to jump to a conclusion like that after just one day of trading. I'm sure most of us are hopeful that we don't have to continue to dance around to every piece of news out of Europe, but the issues over there are just too big to not have an impact. Maybe we'll see less sensitivity to some of the secondary matters, but the big picture there is going to continue to plague us.
At this point I'm mostly just waiting for a strong trend to develop. The current rally is looking tired, and with positive seasonality coming to an end, further upside is becoming more challenging. On the other hand, we are holding up well and there aren't any major cracks developing yet.
The action is still highly correlated and individual stock-picking is not being rewarded much. There are always a few individual stocks moving around, but they're few and far between and it is very hard for momentum players to load up on the strongest names and ride them.
A good jobs report could be the catalyst that triggers some profit-taking, especially if we gap up on the news. Next week begins earnings season, and with all the warnings in technology and retail that we've had, it may be quite bumpy if we don't have the usual supply of better-than-expected reports.
I'm not particularly bearish or bullish here, but I'm lightly invested and have not been holding trades for very long. I keep hoping we'll see some better individual stock-picking develop, but for some reason the market doesn't seem to care what I want.
We'll see what the jobs news brings and go from there. Stay open-minded and flexible and some good opportunities will develop.
By James "Rev Shark" DePorre
Jan 06, 2012 | 7:52 AM EST
Life is always at some turning point.
-- Irwin Edman
After fighting back from weak opens the past two days, market players are gearing up to deal with this morning's jobs news. Expectations for good news are higher after a better-than-expected ADP report on Thursday, but bears will be looking to fade strength. We haven't been able to hold gains on better-than-expected monthly jobs numbers lately.
The market has been exhibiting good stickiness to the upside, which is a positive, but the buying is just strong enough to hold us steady and there aren't many signs of good leadership or momentum. Small-cap oils were a bright spot for a few days and gold managed a good bounce, but we aren't seeing any sustained action in groups like technology, retail or financials.
Some market players are hopeful that U.S. relative strength against Europe on Thursday following jobs news was an indication that maybe we'd start trading more on our own merits, but it is reckless to jump to a conclusion like that after just one day of trading. I'm sure most of us are hopeful that we don't have to continue to dance around to every piece of news out of Europe, but the issues over there are just too big to not have an impact. Maybe we'll see less sensitivity to some of the secondary matters, but the big picture there is going to continue to plague us.
At this point I'm mostly just waiting for a strong trend to develop. The current rally is looking tired, and with positive seasonality coming to an end, further upside is becoming more challenging. On the other hand, we are holding up well and there aren't any major cracks developing yet.
The action is still highly correlated and individual stock-picking is not being rewarded much. There are always a few individual stocks moving around, but they're few and far between and it is very hard for momentum players to load up on the strongest names and ride them.
A good jobs report could be the catalyst that triggers some profit-taking, especially if we gap up on the news. Next week begins earnings season, and with all the warnings in technology and retail that we've had, it may be quite bumpy if we don't have the usual supply of better-than-expected reports.
I'm not particularly bearish or bullish here, but I'm lightly invested and have not been holding trades for very long. I keep hoping we'll see some better individual stock-picking develop, but for some reason the market doesn't seem to care what I want.
We'll see what the jobs news brings and go from there. Stay open-minded and flexible and some good opportunities will develop.
ZeroHedge vahendab MSi, kelle sõnul lisandus detsembris USA tööturul 42K hooajalist töökohta, mida suuresti jaanuaris enam pole. Seda arvestades, oleks tegelik number olnud enam-vähem ootuspärane. Via Zerohedge
ozbot
AGM, keskpanga mandaat on erinev, seega ka tulemus.
Kui tulemus on s.tt, siis tuleb mandaati muuta. Ma ei ole kunagi aru saanud ECB "sõltumatust" staatusest. ECB on ellu kutsutud eurotsooni riikide poolt ja nende riikide võimuses on ka ECB staatust vajadusel muuta. ECB ei ole ju asi iseeneses vaid peaks ikka teenima oma "loojate" huve s.t. lõppude-lõpuks eurotsooni riikide rahvaste huve. Eks ka FED-i strateegial on nõrku kohti ja ohte, kuid hetkel tundub ECB oma ikka täiesti saamatu.
kogu Euro arhitektuuri teostus on vildakas ja seetõttu ka probleemid fiskaal- ja monetaarpoliitika sujuval koostööl. Tõepoolest tekib küsimus kas 21. sajandil lähtuda sisuliselt kullastandardist on optimaalseim ja parim valik, eriti kui konkurendid (USA) on "edasi jõudnud" (lõplik tõde selgub teadagi tagantjärgi, aga praegu tundub jah, et ainult "inflatsioon +2%" lähtumine, olgu tööpuudus või 90% pole kuigi mõistlik).
ozbot
kogu Euro arhitektuuri teostus on vildakas ja seetõttu ka probleemid fiskaal- ja monetaarpoliitika sujuval koostööl. Tõepoolest tekib küsimus kas 21. sajandil lähtuda sisuliselt kullastandardist on optimaalseim ja parim valik, eriti kui konkurendid (USA) on "edasi jõudnud" (lõplik tõde selgub teadagi tagantjärgi, aga praegu tundub jah, et ainult "inflatsioon +2%" lähtumine, olgu tööpuudus või 90% pole kuigi mõistlik).
Ajuti tundub, et keegi viiks Euroopa baasil justkui läbi mingit katset, kui palju iseenda tekitatud mõttetut majanduslikku piina taluda jõutakse. Kraanid leevendamiseks on olemas, kõik teavad seda ka, kuid kasutusele ei võeta.
Cree ticking higher in recent trade; Hearing renewed M&A speculation as catalyst
Range Resources spikes to highs on heavy volume; strength attributed to renewed M&A rumor
Üks huvitav nüanss, mis on võib-olla osadele EUR/USDi puhul silma jäänud, on see et EUR ei taha enam üldse positiivse data peale rallida. Eilne ADP oli väga hea näide, kus EUR kohe ära müüdi, kuigi siiani tõi risk-on trade tavaliselt kaasa ka euro tugevnemise. MS usub, et lisaks riskifondidele on nüüd oma valuutapositsioone dollari ning teiste valuutade kasuks mängimas ka muud varahaldurid, kes vähendavad oma euros nomineeritud võlakirjade osakaalu ja see muudab euro taastumise lähiajal ebatõenäoliseks, arvestades lisaks Euroopa halvenevat makrot ja eesseisvaid refinantseerimise kohustusi nii valitsuste kui pankade poolel.
The EUR decline has gained momentum. In the early stages of the EMU sovereign debt crisis, the EUR was surprisingly resilient, but over recent weeks, it has steepened its decline. FX markets will always have to differentiate between noise and underlying flows. Fast money, such as hedge funds’ established bearish EUR positions, could only flourish when real-money accounts joined the EUR selling. We think that real money is now dictating FX market activity, leading the EUR lower, with the Street (which is positioned short) benefiting from this move. This piece explains why EUR weakness has established a steep downward trend, which will likely stay with us for some time.
The EUR decline has gained momentum. In the early stages of the EMU sovereign debt crisis, the EUR was surprisingly resilient, but over recent weeks, it has steepened its decline. FX markets will always have to differentiate between noise and underlying flows. Fast money, such as hedge funds’ established bearish EUR positions, could only flourish when real-money accounts joined the EUR selling. We think that real money is now dictating FX market activity, leading the EUR lower, with the Street (which is positioned short) benefiting from this move. This piece explains why EUR weakness has established a steep downward trend, which will likely stay with us for some time.
2010 ja 2011.a puhul tõi neljas kvartal EUR/USDis üsna sarnase liikumise. 2011.a alguses trend pöördus, ent 12 kuud hiljem pole sama toetustase vastu pidanud.
VirnetX Holding spikes to highs; strength attributed to positive analyst comments regarding Markman hearing
PANL aktsia pakkus täna peale avanemist hea võimaluse. Aktsia kauples eelturul üsna kõrgel ehk üle 5% plusspoolel, $ 36,50 kandis ja peale avanemist kukkus $ 35,30 juurde, et siis uuesti eelturu tasemeteni tagasi tõusta. Ka hetkel kaupleb PANL oma päevatippude juures ehk $ 36,55 kandis, 5,2% plusspoolel.
Focus Media drops to lows on heavy volume; weakness attributed to Muddy Waters comments regarding purchase of ginseng plantation
Headlines crossing that Germany likely to cut subsidies by 30% in 2012
AlariÜ
Headlines crossing that Germany likely to cut subsidies by 30% in 2012
Vaesed põllumehed, või äkki sõjatööstus? ;)
Inhibitex pops to highs after Najarian on CNBC comments on "strong unusual" (options) activity in this one ahead of next week's JP Morgan healthcare conference
Kanepi võitis Austraalia võistluse! Jee!
Kaia Kanepi Brisbane International 2012 videolõigud:
2012 Brisbane | Hantuchova vs Kanepi | Winning ceremony
Kaia Kanepi women's singles champion: Brisbane International 2012
Ja siis mõned huvitavad faktid - Kanepi serv jääb alla vaid Serena Williamsile
Brisbane´i turniiril mõõdeti Kanepi kiireima servi kiiruseks 188 kilomeetrit tunnis, millega ta jääb alla vaid ameeriklannale Serena Williamsile. Williamsi parim tulemus on sel aastal 190 kilomeetrit tunnis. Kolmandal kohal on austraallanna Samantha Stosur (184 km/h).
2012 Brisbane | Hantuchova vs Kanepi | Winning ceremony
Kaia Kanepi women's singles champion: Brisbane International 2012
Ja siis mõned huvitavad faktid - Kanepi serv jääb alla vaid Serena Williamsile
Brisbane´i turniiril mõõdeti Kanepi kiireima servi kiiruseks 188 kilomeetrit tunnis, millega ta jääb alla vaid ameeriklannale Serena Williamsile. Williamsi parim tulemus on sel aastal 190 kilomeetrit tunnis. Kolmandal kohal on austraallanna Samantha Stosur (184 km/h).
S&P Downgrades EFSF From AAA To AA+, May Cut More If Sovereign Downgrades Continue (ZeroHedge)