ARN Daily Basic: Daily Analysts’ Updates for 4/16/2014

Analysts’ Upgrades

  • Apollo Investment Corp. (NASDAQ:AINV) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $8.50 price target on the stock. 5.3% upside from the previous close of $8.07. Tweet This.
  • Amazon.com, Inc. (NASDAQ:AMZN) was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $480.00 price target on the stock. 51.9% upside from the previous close of $316.08. Tweet This.
  • Catlin Group Limited (LON:CGL) was upgraded by analysts at Credit Suisse to a “neutral” rating. Tweet This.
  • Cree Inc. (NASDAQ:CREE) was upgraded by analysts at Needham & Company LLC from a “hold” rating to a “buy” rating. They now have a $64.00 price target on the stock. 15.3% upside from the previous close of $55.51. Tweet This.
  • CSR plc (LON:CSR) was upgraded by analysts at Liberum Capital to a “buy” rating. They now have a GBX 700 ($11.71) price target on the stock. Tweet This.
  • Control4 Corp (NASDAQ:CTRL) was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating. They now have a $24.00 price target on the stock. 42.6% upside from the previous close of $16.83. Tweet This.
  • Family Dollar Stores, Inc. (NYSE:FDO) was upgraded by analysts at Sterne Agee from an “underperform” rating to a “neutral” rating. They now have a $55.00 price target on the stock, up previously from $50.00. They noted that the move was a valuation call. 3.3% downside from the previous close of $56.90. Tweet This.
  • First Security Group (NASDAQ:FSGI) was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating. They now have a $2.50 price target on the stock. 30.9% upside from the previous close of $1.91. Tweet This.
  • Goodrich Petroleum Co. (NYSE:GDP) was upgraded by analysts at Imperial Capital from an “in-line” rating to an “outperform” rating. They now have a $33.00 price target on the stock, up previously from $13.00. 34.5% upside from the previous close of $24.54. Tweet This.
  • Greenhill & Co. (NYSE:GHL) was upgraded by analysts at Nomura from a “reduce” rating to a “neutral” rating. They now have a $49.00 price target on the stock. 0.5% upside from the previous close of $48.76. Tweet This.
  • Genuine Parts Company (NYSE:GPC) was upgraded by analysts at Goldman Sachs from a “sell” rating to a “neutral” rating. They now have a $88.00 price target on the stock, up previously from $84.00. 1.0% upside from the previous close of $87.13. Tweet This.
  • Golden Star Resources Ltd. (TSE:GSC) was upgraded by analysts at Canaccord Genuity to a “buy” rating. Tweet This.
  • Golden Star Resources Ltd. (NYSE:GSS) was upgraded by analysts at Canaccord Genuity from a “hold” rating to a “buy” rating. Previous closing price of $0.60. Tweet This.
  • International Consolidated Airlines Grp (LON:IAG) was upgraded by analysts at HSBC to an “overweight” rating. They now have a GBX 460 ($7.70) price target on the stock. Tweet This.
  • JetBlue Airways Corp. (NASDAQ:JBLU) was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $10.00 price target on the stock. 20.3% upside from the previous close of $8.31. Tweet This.
  • j2 Global Inc. (NASDAQ:JCOM) was upgraded by analysts at Sidoti from a “neutral” rating to a “buy” rating. Previous closing price of $46.34. Tweet This.
  • Lincoln National Corp. (NYSE:LNC) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating. They now have a $59.00 price target on the stock, up previously from $55.00. 25.3% upside from the previous close of $47.08. Tweet This.
  • New Gold Inc. (TSE:NGD) was upgraded by analysts at Canaccord Genuity to a “buy” rating. They now have a C$7.50 price target on the stock. 39.4% upside from the previous close of $5.38. Tweet This.
  • New Gold (NYSE:NGD) was upgraded by analysts at Canaccord Genuity from a “hold” rating to a “buy” rating. Previous closing price of $4.95. Tweet This.
  • Nimble Storage Inc (NASDAQ:NMBL) was upgraded by analysts at UBS AG from a “neutral” rating to a “buy” rating. They now have a $45.00 price target on the stock, down previously from $53.00. 44.9% upside from the previous close of $31.06. Tweet This.
  • Piedmont Office Realty Trust Inc. (NYSE:PDM) was upgraded by analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating. They now have a $17.00 price target on the stock, up previously from $16.00. 2.7% downside from the previous close of $17.48. Tweet This.
  • Precision Drilling Corp (NYSE:PDS) was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “overweight” rating. They now have a $16.00 price target on the stock, up previously from $8.40. 28.8% upside from the previous close of $12.42. Tweet This.
  • Pinnacle Financial Partners Inc. (NASDAQ:PNFP) was upgraded by analysts at FIG Partners from a “market perform” rating to an “outperform” rating. They now have a $39.00 price target on the stock. 12.6% upside from the previous close of $34.65. Tweet This.
  • Primary Energy (TSE:PRI) was upgraded by analysts at Jacob Securities from a “hold” rating to a “buy” rating. Tweet This.
  • Santander Consumer USA Holdings Inc (NYSE:SC) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $27.00 price target on the stock. 21.4% upside from the previous close of $22.24. Tweet This.
  • SouFun Holdings Ltd (NASDAQ:SFUN) was upgraded by analysts at Goldman Sachs from a “neutral” rating to a “buy” rating. They now have a $16.20 price target on the stock. 27.4% upside from the previous close of $12.72. Tweet This.
  • Synovus Financial Corp. (NYSE:SNV) was upgraded by analysts at SunTrust from a “neutral” rating to a “buy” rating. Previous closing price of $3.21. Tweet This.
  • Sonic Co. (NASDAQ:SONC) was upgraded by analysts at Sterne Agee from a “neutral” rating to a “buy” rating. They now have a $25.00 price target on the stock. 22.4% upside from the previous close of $20.42. Tweet This.
  • Suez Environnement C (NASDAQ:SZEVY) was upgraded by analysts at BNP Paribas from a “neutral” rating to an “outperform” rating. Previous closing price of $9.45. Tweet This.
  • Time Warner Cable Inc (NYSE:TWC) was upgraded by analysts at Wells Fargo & Co. from a “market perform” rating to an “outperform” rating. They now have a $160.00 price target on the stock, up previously from $132.50. 19.3% upside from the previous close of $134.13. Tweet This.
  • Twitter Inc (NYSE:TWTR) was upgraded by analysts at Sterne Agee from an “underperform” rating to a “neutral” rating. They now have a $43.00 price target on the stock. They noted that the move was a valuation call. 3.2% upside from the previous close of $41.68. Tweet This.
  • United Natural Foods, Inc. (NASDAQ:UNFI) was upgraded by analysts at Jefferies Group from a “hold” rating to a “buy” rating. They now have a $78.00 price target on the stock, up previously from $77.00. 18.8% upside from the previous close of $65.64. Tweet This.
  • Veolia Environnement (NYSE:VE) was upgraded by analysts at BNP Paribas from an “underperform” rating to a “neutral” rating. Previous closing price of $19.19. Tweet This.
  • AB Volvo (OTCMKTS:VOLVY) was upgraded by analysts at Deutsche Bank from a “sell” rating to a “hold” rating. Tweet This.
  • Volvo (NASDAQ:VOLVY) was upgraded by analysts at Deutsche Bank from a “sell” rating to a “hold” rating. Previous closing price of $15.40. Tweet This.
  • WhiteHorse Finance Inc. (NYSE:WHF) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $14.50 price target on the stock. 8.4% upside from the previous close of $13.38. Tweet This.
  • World Wrestling Entertainment, Inc. (NYSE:WWE) was upgraded by analysts at National Alliance Securities to a “buy” rating. Previous closing price of $20.75. Tweet This.
  • Xaar plc (LON:XAR) was upgraded by analysts at Investec to a “buy” rating. They now have a GBX 960 ($16.06) price target on the stock. Tweet This.
  • Xaar plc (LON:XAR) was upgraded by analysts at Numis Securities Ltd to a “buy” rating. They now have a GBX 1,200 ($20.08) price target on the stock. Tweet This.
  • Xoom Corporation (NASDAQ:XOOM) was upgraded by analysts at Evercore Partners from an “underweight” rating to an “equal weight” rating. They now have a $15.00 price target on the stock. 19.0% downside from the previous close of $18.51. Tweet This.
  • Yelp Inc (NASDAQ:YELP) was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $64.90 price target on the stock, down previously from $115.00. 2.9% upside from the previous close of $63.06. Tweet This.
  • Yelp Inc (NASDAQ:YELP) was upgraded by analysts at Citic Securities Co., Ltd from a “neutral” rating to a “buy” rating. They now have a $76.00 price target on the stock. 20.5% upside from the previous close of $63.06. Tweet This.
  • Yahoo! Inc. (NASDAQ:YHOO) was upgraded by analysts at Gabelli from a “hold” rating to a “buy” rating. Previous closing price of $34.21. Tweet This.
  • Yahoo! Inc. (NASDAQ:YHOO) was upgraded by analysts at Wells Fargo & Co. from a “market perform” rating to an “outperform” rating. They now have a $40.00 price target on the stock, up previously from $38.00. 16.9% upside from the previous close of $34.21. Tweet This.
  • Youku Tudou Inc (NASDAQ:YOKU) was upgraded by analysts at Goldman Sachs from a “sell” rating to a “neutral” rating. They now have a $27.00 price target on the stock. 9.9% upside from the previous close of $24.57. Tweet This.
  • Zebra Technologies Corp. (NASDAQ:ZBRA) was upgraded by analysts at Imperial Capital from an “in-line” rating to an “outperform” rating. They now have a $3.45 price target on the stock. 94.4% downside from the previous close of $61.39. Tweet This.
  • Get today’s most recent analysts’ upgrades at AnalystRatings.net

Analysts’ Downgrades

  • Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI) was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating. They now have a $24.00 price target on the stock, up previously from $23.50. Tweet This.
  • The Brink’s Company (NYSE:BCO) was downgraded by analysts at Imperial Capital from an “outperform” rating to an “in-line” rating. They now have a $27.00 price target on the stock, down previously from $38.00. 6.6% upside from the previous close of $25.34. Tweet This.
  • Dialight Plc (LON:DIA) was downgraded by analysts at Investec to a “hold” rating. They now have a GBX 910 ($15.23) price target on the stock, up previously from GBX 885 ($14.81). Tweet This.
  • Ecopetrol S.A. (NYSE:EC) was downgraded by analysts at Citigroup Inc. from a “neutral” rating to a “sell” rating. They now have a $37.00 price target on the stock. 10.1% downside from the previous close of $41.16. Tweet This.
  • Enel Societa Per Azi (NASDAQ:ENLAY) was downgraded by analysts at Societe Generale from a “buy” rating to a “hold” rating. Previous closing price of $5.42. Tweet This.
  • Fidelity & Guaranty Life (NYSE:FGL) was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating. They now have a $24.00 price target on the stock, up previously from $23.00. 6.9% upside from the previous close of $22.45. Tweet This.
  • Goodrich Petroleum Co. (NYSE:GDP) was downgraded by analysts at KLR Group from a “buy” rating to a “hold” rating. They now have a $24.00 price target on the stock, up previously from $19.00. 2.2% downside from the previous close of $24.54. Tweet This.
  • Compressco Partners (NASDAQ:GSJK) was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating. Previous closing price of $29.97. Tweet This.
  • Halcon Resources Corp (NYSE:HK) was downgraded by analysts at KLR Group from a “hold” rating to a “reduce” rating. They now have a $3.75 price target on the stock. 27.3% downside from the previous close of $5.16. Tweet This.
  • Honda Motor Co Ltd (ADR) (NYSE:HMC) was downgraded by analysts at Mitsubishi UFJ Morgan Stanley from an “outperform” rating to a “neutral” rating. Previous closing price of $34.39. Tweet This.
  • Honda Motor Co Ltd (ADR) (NYSE:HMC) was downgraded by analysts at Morgan Stanley from an “outperform” rating to a “neutral” rating. Previous closing price of $34.39. Tweet This.
  • Intel Co. (NASDAQ:INTC) was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating. They now have a $29.00 price target on the stock, up previously from $28.50. 8.3% upside from the previous close of $26.77. Tweet This.
  • Cheniere Energy, Inc. (NYSE:LNG) was downgraded by analysts at Morgan Stanley to a “buy” rating. They now have a $74.00 price target on the stock, up previously from $67.00. 36.3% upside from the previous close of $54.28. Tweet This.
  • Motorola Solutions Inc (NYSE:MSI) was downgraded by analysts at Nomura from a “buy” rating to a “neutral” rating. They now have a $62.00 price target on the stock, down previously from $72.00. 1.0% downside from the previous close of $62.60. Tweet This.
  • NetApp Inc. (NASDAQ:NTAP) was downgraded by analysts at UBS AG from a “buy” rating to a “neutral” rating. They now have a $40.00 price target on the stock, down previously from $50.00. 8.1% upside from the previous close of $37.00. Tweet This.
  • NYSE (NYSE:OR) was downgraded by analysts at UBS AG from a “buy” rating to a “hold” rating. Tweet This.
  • Remy Cointreau Ff (NASDAQ:REMYF) was downgraded by analysts at Societe Generale from a “hold” rating to a “sell” rating. Previous closing price of $81.25. Tweet This.
  • Reinsurance Group of America Inc. (NYSE:RGA) was downgraded by analysts at Barclays from an “overweight” rating to an “equal weight” rating. They now have a $81.00 price target on the stock, down previously from $88.00. 4.9% upside from the previous close of $77.24. Tweet This.
  • Sinclair IS Pharma PLC (LON:SPH) was downgraded by analysts at Investec to a “hold” rating. They now have a GBX 34 ($0.57) price target on the stock, down previously from GBX 36 ($0.60). Tweet This.
  • Superior Energy Services, Inc. (NYSE:SPN) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $32.00 price target on the stock. 3.8% upside from the previous close of $30.82. Tweet This.
  • Twitter Inc (NYSE:TWTR) was downgraded by analysts at Morningstar from a “hold” rating to a “sell” rating. Previous closing price of $41.68. Tweet This.
  • UnitedHealth Group Inc. (NYSE:UNH) was downgraded by analysts at Citic Securities Co., Ltd from a “buy” rating to a “neutral” rating. They now have a $79.00 price target on the stock, up previously from $77.00. 0.6% downside from the previous close of $79.51. Tweet This.
  • UnitedHealth Group Inc. (NYSE:UNH) was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They noted that the move was a valuation call. Previous closing price of $79.51. Tweet This.
  • Get today’s most recent analysts’ downgrades at Analyst Ratings.net

Analysts’ New Coverage

  • Actavis plc (NYSE:ACT) is now covered by analysts at Sterne Agee. They set a “buy” rating and a $230.00 price target on the stock. 18.6% upside from the previous close of $193.94. Tweet This.
  • Allergan, Inc. (NYSE:AGN) is now covered by analysts at Sterne Agee. They set a “buy” rating and a $142.00 price target on the stock. 11.1% upside from the previous close of $127.80. Tweet This.
  • Aquinox Pharmaceuticals Inc (NASDAQ:AQXP) is now covered by analysts at Canaccord Genuity. They set a “buy” rating and a $28.00 price target on the stock. 209.7% upside from the previous close of $9.04. Tweet This.
  • A10 Networks Inc (NASDAQ:ATEN) is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating and a $16.00 price target on the stock. 10.6% upside from the previous close of $14.47. Tweet This.
  • A10 Networks Inc (NASDAQ:ATEN) is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $19.00 price target on the stock. 31.3% upside from the previous close of $14.47. Tweet This.
  • A10 Networks Inc (NASDAQ:ATEN) is now covered by analysts at Oppenheimer. They set an “outperform” rating and a $20.00 price target on the stock. 38.2% upside from the previous close of $14.47. Tweet This.
  • A10 Networks Inc (NASDAQ:ATEN) is now covered by analysts at Pacific Crest. They set an “outperform” rating and a $18.00 price target on the stock. They noted that the move was a valuation call. 24.4% upside from the previous close of $14.47. Tweet This.
  • A10 Networks Inc (NASDAQ:ATEN) is now covered by analysts at Bank of America. They set a “buy” rating on the stock. Previous closing price of $14.47. Tweet This.
  • Autohome Inc (NASDAQ:ATHM) is now covered by analysts at Credit Suisse. They set a “neutral” rating and a $36.00 price target on the stock. 14.9% upside from the previous close of $31.34. Tweet This.
  • Bitauto Hldg Ltd (NASDAQ:BITA) is now covered by analysts at Credit Suisse. They set an “outperform” rating on the stock. Previous closing price of $30.77. Tweet This.
  • Chyron Corporation (NASDAQ:CHYR) is now covered by analysts at Dougherty & Co. They set a “buy” rating and a $4.00 price target on the stock. 53.3% upside from the previous close of $2.61. Tweet This.
  • Centene Corp. (NYSE:CNC) is now covered by analysts at UBS AG. They set a “neutral” rating and a $62.00 price target on the stock. 7.0% upside from the previous close of $57.95. Tweet This.
  • Cheniere Energy Partners L P (NYSE:CQP) is now covered by analysts at Credit Suisse. They set a “hold” rating and a $36.00 price target on the stock. 7.4% upside from the previous close of $33.52. Tweet This.
  • Digimarc Corp. (NASDAQ:DMRC) is now covered by analysts at Vertical Group. They set a “buy” rating and a $43.00 price target on the stock. 38.0% upside from the previous close of $31.17. Tweet This.
  • Endo Health Solutions Inc (NASDAQ:ENDP) is now covered by analysts at Sterne Agee. They set a “buy” rating and a $66.00 price target on the stock. 17.3% upside from the previous close of $56.28. Tweet This.
  • Fiat S.p.A. (NASDAQ:FIATY) is now covered by analysts at Deutsche Bank. They set a “sell” rating on the stock. Previous closing price of $11.48. Tweet This.
  • Flexible Solutions International (NYSE:FSI) is now covered by analysts at Evercore Partners. They set an “overweight” rating and a $11.00 price target on the stock. 1592.3% upside from the previous close of $0.65. Tweet This.
  • FS Investment Co. (NASDAQ:FSIC) is now covered by analysts at Evercore Partners. They set an “overweight” rating and a $11.00 price target on the stock. Tweet This.
  • Hilton Worldwide Holdings Inc (NYSE:HLT) is now covered by analysts at Jefferies Group. They set a “hold” rating and a $24.00 price target on the stock. 12.0% upside from the previous close of $21.43. Tweet This.
  • Hospira, Inc. (NYSE:HSP) is now covered by analysts at Sterne Agee. They set a “neutral” rating and a $39.00 price target on the stock. 10.0% downside from the previous close of $43.34. Tweet This.
  • Hertz Global Holdings, Inc. (NYSE:HTZ) is now covered by analysts at Gabelli. They set a “buy” rating and a $32.00 price target on the stock. 19.3% upside from the previous close of $26.82. Tweet This.
  • Immunogen Inc. (NASDAQ:IMGN) is now covered by analysts at Canaccord Genuity. They set a “buy” rating and a $20.00 price target on the stock. 56.3% upside from the previous close of $12.80. Tweet This.
  • Ingredion Inc (NASDAQ:INGR) is now covered by analysts at Credit Suisse. They set an “outperform” rating and a $80.00 price target on the stock. 19.2% upside from the previous close of $67.10. Tweet This.
  • Impax Laboratories Inc (NASDAQ:IPXL) is now covered by analysts at Sterne Agee. They set a “neutral” rating and a $25.00 price target on the stock. 4.0% upside from the previous close of $24.03. Tweet This.
  • Lpath (NASDAQ:LPTN) is now covered by analysts at Canaccord Genuity. They set a “buy” rating and a $17.00 price target on the stock. 300.0% upside from the previous close of $4.25. Tweet This.
  • Medivation Inc (NASDAQ:MDVN) is now covered by analysts at Canaccord Genuity. They set a “hold” rating and a $60.00 price target on the stock. 3.3% upside from the previous close of $58.10. Tweet This.
  • Mediwound Ltd (NASDAQ:MDWD) is now covered by analysts at Oppenheimer. They set an “outperform” rating and a $25.00 price target on the stock. 112.6% upside from the previous close of $11.76. Tweet This.
  • NPS Pharmaceuticals, Inc. (NASDAQ:NPSP) is now covered by analysts at Canaccord Genuity. They set a “buy” rating and a $42.00 price target on the stock. 79.6% upside from the previous close of $23.38. Tweet This.
  • Netease.com (NASDAQ:NTES) is now covered by analysts at Standpoint Research. They set a “buy” rating and a $90.00 price target on the stock. 29.4% upside from the previous close of $69.53. Tweet This.
  • Regeneron Pharmaceuticals Inc (NASDAQ:REGN) is now covered by analysts at Canaccord Genuity. They set a “buy” rating and a $350.00 price target on the stock. 21.5% upside from the previous close of $288.08. Tweet This.
  • Sibanye Gold Ltd (NASDAQ:SBGL) is now covered by analysts at Imperial Capital. They set an “outperform” rating and a $14.00 price target on the stock. 37.5% upside from the previous close of $10.18. Tweet This.
  • Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP) is now covered by analysts at Sterne Agee. They set a “buy” rating and a $126.00 price target on the stock. 28.3% upside from the previous close of $98.19. Tweet This.
  • Sparton Corporation (NYSE:SPA) is now covered by analysts at Barrington Research. They set a “market perform” rating on the stock. Previous closing price of $27.64. Tweet This.
  • Stamps.com Inc. (NASDAQ:STMP) is now covered by analysts at Sidoti. They set a “buy” rating on the stock. Previous closing price of $32.41. Tweet This.
  • Solvay S.A. (NASDAQ:SVYZY) is now covered by analysts at Societe Generale. They set a “buy” rating on the stock. Previous closing price of $15.62. Tweet This.
  • Teva Pharmaceutical Industries Ltd (ADR) (NASDAQ:TEVA) is now covered by analysts at Sterne Agee. They set a “neutral” rating and a $53.00 price target on the stock. 6.8% upside from the previous close of $49.61. Tweet This.
  • URU Metals Ltd (LON:URU) is now covered by analysts at Beaufort Securities. They set a “speculative buy” rating on the stock. Tweet This.
  • Veda Group Ltd (ASX:VED) is now covered by analysts at Deutsche Bank. They set a “hold” rating and a $2.35 price target on the stock. Tweet This.
  • Yahoo! Inc. (NASDAQ:YHOO) is now covered by analysts at Jefferies Group. They set a “buy” rating and a $50.00 price target on the stock. 46.2% upside from the previous close of $34.21. Tweet This.
  • Get today’s most recent analysts’ new coverage at Analyst Ratings.net

Minyanville Daily Recap

China’s GDP rose a little more than expected in the first quarter, which helped buoy global risk assets overnight. Annual growth declined to 7.4% from 7.7% in the quarter prior, better than the 7.3% expected. Japanese markets rallied strongly in response to comments from Japan’s Finance Minister Taro Aso that the Government Pension Investment Fund (GPIF) may adjust its investment process as early as June. Previously, the government has said that the pension fund will increase its investment in equities and decrease its government bond holdings due to their low returns. The Nikkei 225 rose 3.03% in its overnight session.

The S&P 500 had another erratic session but ended up continuing to rally after yesterday afternoon’s reversal. The benchmark index closed up 1.05%. Money center banks were a notable laggard due to a worse-than-expected earnings report from Bank of America (BAC). Materials, industrials, and energy stocks all led today, partly due to the positive industrial production report. Natural gas stocks have been performing very strongly in the past week.

Janet Yellen, in her first public speech on monetary policy since taking over at the Federal Reserve as chairwoman, said that the Fed would likely keep rates lower than normal for an extended period. The Fed’s Beige Book of economic activity over the past six weeks had a more upbeat tone as activity increased in most regions. Residential real-estate inventories remained low as home prices rose.

March housing starts only rose to a 946,000 annual rate from 920,000 in the month prior. Economists had been expecting 970,000. The more forward-looking building permits figure declined to 990,000 versus 1.010 million expected. Industrial production showed solid improvement after what was likely weather-related weakness. Production rose 0.7% in March versus 0.5% expected, and the prior month’s growth was revised up to 1.2% from 0.6%.

Bank of America fell 1.83% after reporting its first-quarter results. The company reported better-than-expected net revenues and an improvement in credit quality, but its profitability was hurt by $6 billion in legal expenses, which was larger than expected.

Yahoo! (YHOO) rose 5.67% after beating analysts’ earnings and revenue expectations. Investors were also excited about better-than-expected growth at Chinese Internet company Alibaba, in which Yahoo owns a significant investment.

 

There are only two economic reports scheduled for tomorrow: weekly jobless claims and the April Philadelphia regional manufacturing index. The former is expected to modestly increase to 311,000, back toward its four-week average of 316,250, from 300,000 last week. The manufacturing index, the second of its kind for April, is expected to rise to 10.0 from 9.0 last month. US bond markets will close at 2:00 p.m. EDT before the Good Friday holiday.

The only notable global economic reports scheduled for tomorrow are Japan’s consumer confidence index and Canada’s consumer price index for March. The Japanese Ministry of Finance will release Japanese investors’ purchases of foreign bonds and stocks over the last week overnight.

The main event tomorrow will be earnings. Twenty-nine major US companies are scheduled to report, and all are significant. Notable reports include Honeywell (HON), General Electric (GE), Schlumberger (SLB), Blackstone (BX), BlackRock (BLK), Fifth Third Bancorp (FITB), Morgan Stanley (MS), Goldman Sachs (GS), Pepsi (PEP), Chipotle (CMG), Philip Morris (PM), and Advanced Micro Devices (AMD).

Key Market Reports and Commentary for Wednesday 16/04/2014

Morning Markets Report
Prepared on Wednesday, April 16, 2014

Copyright 2014 INO.com. All Rights Reserved.

Summary
The Dow Future is up 67 points to 16272. The US Dollar Index declined 0.078 points to 79.711. Gold is trending higher 0.765 dollars to 1303.405. Silver has gained 0.0834 dollars to 19.6234. The Dow Industrials rose 89.32 points, at 16262.56, while the S&P 500 rose 12.37 points, last seen at 1842.98. The Nasdaq Composite climbed 9.19 points to 4031.88. Streaming charts of these markets are available 24/7 at MarketClub

Blog Postings and Videos
Never Bet Against This Chart Formation
Tuesday Apr 15th

Advanced Technical Indicators – Bollinger Bands
Tuesday Apr 15th

Chart of The Week – Gold
Monday Apr 14th

Key Events for Wednesday

7:00 AM ET. MBA Weekly Mortgage Applications Survey

Market Composite Index (previous 351)

Market Composite Index Cur Chg (previous -1.6%)

Purchase Index (S.A.) (previous 180.3)

Purchase Index (S.A.) Cur Chg (previous +2.7%)

Refinance Index (previous 1322.9)

Refinance Index Cur Chg (previous -4.9%)

8:30 AM ET. March New Residential Construction – Housing Starts and Building Permits

Total Starts (previous 907K)

Starts Percent Change (previous -0.2%)

Building Permits (previous 1.02M)

Building Permits Percent Change (previous +7.7%)

9:15 AM ET. March Industrial Production & Capacity Utilization

Industrial Production (previous +0.6%)

Capacity Utilization (previous 78.8)

Capacity Utilization Net Change (previous +0.3)

10:30 AM ET. EIA Weekly Petroleum Status Report

Crude Oil Stocks (previous 384.12M)

Crude Oil Stocks (Net Change) (previous +4.03M)

Gasoline Stocks (previous 210.44M)

Gasoline Stocks (Net Change) (previous -5.19M)

Distillate Stocks (previous 113.19M)

Distillate Stocks (Net Change) (previous +0.24M)

Refinery Usage (previous 87.5%)

Total Products Supplied (previous 18.29M)

Total Products Supplied (Net Change) (previous +0.09M)

2:00 PM ET. U.S. Federal Reserve Beige

8:30 AM ET. U.S. Weekly Export Sales

Corn, In Metric Tons (previous 787K)

Soybeans, In Metric Tons (previous 890.4K)

Wheat, In Metric Tons (previous 566.1K)

8:30 AM ET. Unemployment Insurance Weekly Claims Report – Initial Claims

Weekly Jobless Claims (previous 300K)

Weekly Jobless Claims Net Change (previous -32K)

Cont Jobless Claims (prior week) (previous 2776000)

Cont Jobless Claims Net Chg (prior week) (previous -62K)

9:45 AM ET. Bloomberg Consumer Comfort Index

10:00 AM ET. April Philadelphia Fed Business Outlook Survey

Business Activity (previous 9)

Prices Paid (previous 13.9)

Employment (previous 1.7)

New Orders (previous 5.7)

Prices Received (previous 4.3)

Delivery Times (previous -2.7)

Inventories (previous -6.8)

Shipments (previous 5.7)

10:00 AM ET. DJ-BTMU U.S. Business Barometer

DJ-BTMU Business Barometer (previous +0.6%)

DJ-BTMU Business Barometer (52 Wk) (previous +0.4%)

10:30 AM ET. EIA Weekly Natural Gas Storage Report

Total Working Gas in Storage (previous 826B)

Total Working Gas in Storage (Net change) (previous +4B)

4:30 PM ET. Federal Discount Window Borrowings

4:30 PM ET. Money Stock Measures

4:30 PM ET. Foreign Central Bank

10:00 AM ET. March Regional & State Employment & Unemployment

N/A Marianas: Good Friday

N/A U.S. financial markets closed on Good Friday


 

Currencies Snapshot
Symbol Last Change %
US DOLLAR INDEX 79.711 -0.078 -0.10%
POWERSHARES DB US DOLLAR INDEX 21.3500 +0.0200 +0.09%
US Dollar/Canadian Dollar 1.09980 +0.00185 +0.17%
Euro/US Dollar 1.383935 +0.002735 +0.20%
JAPANESE YEN Jun 2014 0.009782 -0.000042 -0.43%
SWISS FRANC Jun 2014 1.1378 +0.0014 +0.12%

CURRENCIES

The June Dollar closed higher due to short covering on Tuesday as it consolidated some of this month’s decline. The mid-range close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI have turned neutral to bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 80.11 would confirm that a double bottom with March’s low has been posted. If June renews this month’s decline, weekly support crossing at 78.91 is the next downside target. First resistance is the 20-day moving average crossing at 80.11. Second resistance is April’s high crossing at 80.77. First support is last Thursday’s low crossing at 79.38. Second support is weekly support crossing at 78.91.

The June Euro closed lower due to profit taking on Tuesday as it consolidated some of last week’s rally. The mid-range close sets the stage for a steady opening when Wednesday’s night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that a short-term top might be in or is near. Closes below the 10-day moving average crossing at 137.96 would confirm that a short-term top has been posted. If June renews last week’s rally, March’s high crossing at 139.66 is the next upside target. First resistance is last Friday’s high crossing at 139.03. Second resistance is March’s high crossing at 139.66. First support is the 10-day moving average crossing at 137.96. Second support is April’s low crossing at 136.69.

The June British Pound closed lower due to profit taking on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that a double top with February’s high might have been posted with last Thursday’s high. Multiple closes below the 20-day moving average crossing at 1.6622 would confirm that a short-term top has been posted. If June renews the rally off March’s low, weekly resistance crossing at 1.7043 is the next upside target. First resistance is last Thursday’s high crossing at 1.6812. Second resistance is weekly resistance crossing at 1.7043. First support is the 20-day moving average crossing at 1.6622. Second support is the 38% retracement level of the November-February-rally crossing at 1.6449.

The June Swiss Franc closed lower due to profit taking on Tuesday as it consolidates some of the rally off April’s low. The mid-range close sets the stage for a steady opening when Wednesday’s night session begins trading. Stochastics and the RSI have turned bearish hinting that a short-term top might be in or is near. Closes below the 10-day moving average crossing at .11329 would confirm that a short-term low has been posted. If June renews last week’s rally, March’s high crossing at .11503 is the next upside target. First resistance is last Friday’s high crossing at .11443. Second resistance is March’s high crossing at .11503. First support is the 10-day moving average crossing at .11329. Second support is the 62% retracement level of the January-March-rally crossing at .11160.

The June Canadian Dollar closed lower on Tuesday. The mid-range close sets the stage for a steady opening when Wednesday’s night session begins trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 90.37 are needed to confirm that a short-term top has been posted. If June renews the rally off March’s low, the 38% retracement level of the 2013-2014-decline crossing at 92.96 is the next upside target. First resistance is last Wednesday’s high crossing at 91.95. Second resistance is the 38% retracement level of the 2013-2014-decline crossing at 92.96. First support is the 20-day moving average crossing at 90.36. Second support is April’s low crossing at 88.45.

The June Japanese Yen closed lower on Tuesday. Today’s low-range close sets the stage for a steady to lower opening when Wednesday’s night session begins trading. Stochastics and the RSI are overbought but are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at .9762 would confirm that a short-term top has been posted. If June extends this month’s rally, February’s high crossing at .9930 is the next upside target. First resistance is March’s high crossing at .9886. Second resistance is February’s high crossing at .9930. First support is the 20-day moving average crossing at .9762. Second support is this month’s low crossing at .9598.


 

Energy Snapshot
Symbol Last Change %
CRUDE OIL Jun 2014 103.95 +0.95 +0.92%
NY HARBOR ULSD HEATING OIL May 2014 3.0056 +0.0186 +0.62%
NATURAL GAS Jul 2014 4.654 +0.029 +0.63%
RBOB GASOLINE Jun 2014 3.0162 +0.0051 +0.17%
POWERSHARES DWA ENERGY MOMENT 57.8530 -0.1481 -0.25%
UNITED STATES GASOLINE 61.469 +0.829 +1.35%

ENERGIES

May crude oil closed lower due to profit taking on Tuesday as it consolidated some of the rally off March’s low. Today’s mid-range close sets the stage for a steady opening when Wednesday’s night session begins. Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a double top with March’s high might have been posted with Monday’s high. Closes below the 20-day moving average crossing at 101.16 would confirm that a short-term top has been posted. If May extends the rally off March’s low, weekly resistance crossing at 105.24 is the next upside target. First resistance is Monday’s high crossing at 104.55. Second resistance is weekly resistance crossing at 105.24. First support is the 10-day moving average crossing at 102.24. Second support is the 20-day moving average crossing at 101.16.

May heating oil closed higher on Tuesday as it extends the rally off this month’s low. The high-range close sets the stage for a steady to higher opening when Wednesday’s night trading begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off last week’s low, the 75% retracement level of the March-April-decline crossing at 301.05 is the next upside target. Closes below the 20-day moving average crossing at 292.36 would confirm that a short-term top has been posted. First resistance is today’s high crossing at 299.77. Second resistance is the 75% retracement level of the March-April-decline crossing at 301.05. First support is the 20-day moving average crossing at 292.36. Second support is April’s low crossing at 284.92.

May unleaded gas closed higher on Tuesday as it extended the rally off April’s low. The high-range close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the aforementioned rally, weekly resistance crossing at 316.32 is the next upside target. Closes below the 20-day moving average crossing at 293.57 would confirm that a short-term top has been posted. First resistance is today’s high crossing at 305.14. Second resistance is weekly resistance crossing at 316.32. First support is the 10-day moving average crossing at 297.26. Second support is the 20-day moving average crossing at 293.57.

May Henry natural gas closed slightly higher on Tuesday. Today’s mid-range close sets the stage for a steady opening when Wednesday’s session begins trading. Stochastics and the RSI are bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 4.456 would confirm that a short-term top has been posted. If May extends the rally off this month’s low, March’s high crossing at 4.893 is the next upside target. First resistance is last Friday’s high crossing at 4.703. Second resistance is March’s high crossing at 4.893. First support is the 20-day moving average crossing at 4.456. Second support is the 50% retracement level of the November-February-rally crossing at 4.195.


 

Food Snapshot
Symbol Last Change %
COCOA Jul 2014 2981 0 0.00%
COFFEE Jul 2014 196.80 +1.75 +0.90%
ORANGE JUICE-A May 2014 164.45 +1.45 +0.88%
IPATH DJ-UBS SUGAR TRUST 55.7400 +0.7100 +1.27%
IPATH DJ-UBS SOFTS TRUST 53.97 -0.37 -0.70%

FOOD & FIBER

May coffee closed lower due to profit taking on Tuesday. The low-range close set the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a double top with March’s high might be forming. Closes below the 20-day moving average crossing at 18.47 would confirm that a double top has been posted. If May extends this week’s rally, March’s high crossing at 20.97 is the next upside target.

May cocoa closed lower on Tuesday. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If May renews the decline off March’s high, the reaction low crossing at 28.86 is the next downside target. If May renews last week’s rally, March’s high crossing at 30.39 is the next upside target.

May sugar closed lower on Tuesday. The low-range close set the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends the decline off March’s high, the reaction low crossing at 15.57 is the next downside target. Closes above the 20-day moving average crossing at 17.14 would temper the near-term bearish outlook.

May cotton closed lower on Tuesday. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 91.65 would confirms that a short-term low has been posted. If May extends last week’s decline, February’s low crossing at 86.12 is the next downside target.


 

18 Dividend Payers Your Banker Doesn’t Want You To Know About?–FREE Report

Instead of settling for the pitiful 1% your banker wants to pay you, you can collect annual dividends of up to 12% from these super-safe stocks, trusts and funds… PLUS, 50%-100% annual total returns! Free report reveals all of the juicy details about these 18 Dividend Payers.

What you’ll discover in this Special Report will not only amaze you but also confirm what your banker doesn’t want you to know: You DON’T have to put up with his low-paying CDs or stick your neck out on risky stocks or funds to boost your income! Get the names and complete details on these exceptional dividend payers in YOUR FREE COPY of 18 Breakout Payout Stocks That Will Pay You Up to 12% Annually. It’s yours free with nothing to buy and no strings attached!

Download Your FREE copy here.

 


Grains Snapshot
Symbol Last Change %
CORN Jul 2014 507.25 -2.50 -0.49%
OATS Jul 2014 352.50 +0.25 +0.07%
WHEAT Jul 2014 709.00 -0.75 -0.11%
TEUCRIUM CORN 34.7599 +0.0199 +0.06%
IPATH DJ-UBS GRAINS TRUST 51.03 +0.69 +1.35%
ELEMENTS MLCX GRAINS INDEX TRUST 6.61 +0.13 +1.93%
SOYBEANS Jul 2014 1507.75 +20.25 +1.36%
SOYBEAN (MINI) Nov 2014 1229.000 +9.000 +0.73%
SOYBEAN MEAL Jul 2014 480.1 +5.7 +1.20%
TEUCRIUM SOYBEAN 25.7274 +0.4474 +1.75%

GRAINS

May Corn closed up 3/4-cents at 5.03 3/4.

May corn closed fractionally higher on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off January’s low, the 50% retracement level of the 2012-2014-decline crossing at 5.45 1/2 is the next upside target. Closes below the 20-day moving average crossing at 4.95 1/2 would confirm that a short-term top has been posted. First resistance is last Wednesday’s high crossing at 5.19. Second resistance is the 50% retracement level of the 2012-2014-decline crossing at 5.45 1/2. First support is the 20-day moving average crossing at 4.95 1/2. Second support is the reaction low crossing at 4.75 1/2.

May wheat closed up 23-cents at 7.01 3/4.

May wheat closed higher on Tuesday and above the 20-day moving average crossing at 6.88 1/4 confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If May renews the decline off March’s high, the 50% retracement level of this year’s rally crossing at 6.38 1/2 is the next downside target. First resistance is today’s high crossing at 7.02 3/4. Second resistance is March’s high crossing at 7.23 1/2. First support is the 38% retracement level of this year’s rally crossing at 6.58 3/4. Second support is the 50% retracement level of this year’s rally crossing at 6.38 1/2.

May Kansas City Wheat closed up 23 1/2-cents at 7.65 1/2.

May Kansas City wheat closed higher on Tuesday and above the 20-day moving average crossing at 7.57 1/4 confirming that a low has been posted. Today’s high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. Closes below the 10-day moving average crossing at 7.38 would confirm that a short-term top has been posted. First resistance is today’s high crossing at 7.65 1/2. Second resistance is March’s high crossing at 7.94 1/2. First support is last Friday’s low crossing at 7.19. Second support is the reaction low crossing at 7.11 1/4.

May Minneapolis wheat closed up 21 1/4-cents at 7.38 1/2.

May Minneapolis wheat closed higher on Tuesday and above the 20-day moving average crossing at 7.34 3/4 confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If May renews the decline off March’s high, the 50% retracement level of this year’s rally crossing at 6.82 1/2 is the next downside target. First resistance is today’s high crossing at 7.39 1/2. Second resistance is March’s high crossing at 7.70. First support is the 50% retracement level of this year’s rally crossing at 6.82 1/2. Second support is the 62% retracement level of this year’s rally crossing at 6.61 3/4.

SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains “

May soybeans closed up 25-cents at 15.01 1/4.

May soybeans closed higher on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI are diverging and are turning neutral to bullish signaling that sideways to lower prices are possible near-term. If May extends the rally off January’s low, weekly resistance crossing at 15.61 is the next upside target. Closes below the 20-day moving average crossing at 14.58 1/4 are needed to confirm that a short-term top has been posted. First resistance is last Wednesday’s high crossing at 15.12. Second resistance is weekly resistance crossing at 15.61. First support is the 20-day moving average crossing at 14.58 1/4. Second support is the reaction low crossing at 14.23.

May soybean meal closed up $8.30 at 487.40.

May soybean meal closed higher on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI are diverging but are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends this winter’s rally, weekly resistance crossing at 505.90 is the next upside target. Closes below the 20-day moving average cossing at 473.50 would confirm that a short-term top has been posted. First resistance is last Wednesday’s high crossing at 490.90. Second resistance is weekly resistance crossing at 505.90. First support is the 20-day moving average cossing at 473.50. Second support is the reaction low crossing at 450.20.

May soybean oil closed up 57-pts. At 42.83.

May soybean oil closed higher on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off March’s low, March’s high crossing at 45.05 is the next upside target. Closes below the 20-day moving average crossing at 42.02 would confirm that a short-term top has been posted. First resistance is today’s high crossing at 43.07. Second resistance is March’s high crossing at 45.05. First support is the 20-day moving average crossing at 42.02. Second support is the 62% retracement level of the February-March-rally crossing at 40.18.


 

Indexes Snapshot
Symbol Last Change %
DJ 30 INDUSTRIALS 16262.56 +89.32 +0.55%
NASDAQ COMPOSITE INDEX (COMBINED) 4031.88 +9.19 +0.23%
S&P 500 CASH 1842.98 +12.37 +0.67%
SPDR S&P 500 184.1100 +1.1699 +0.64%
QQQQ VOLATILITY INDEX 19.68 +0.10 +0.51%
iShares RUSSELL 2000 INDEX 111.14 +0.42 +0.38%

U.S. STOCK INDEXES

The June NASDAQ 100 closed slightly higher due to short covering on Tuesday but not before spiking below February’s low in early-trading. Today’s high-range close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI are oversold but are turning neutral to bullish hinting that a low might be in or is near. Multipe closes above the 20-day moving average crossing at 3573.93 are needed to confirm that a low has been posted. If June extends the decline off March’s high, the 38% retracement level of the 2013-2014-rally crossing at 3345.52 is the next downside target. First resistance is the 10-day moving average crossing at 3531.15. Second resistance is the 20-day moving average crossing at 3573.93. First support is today’s low crossing at 3404.75. Second support is the 38% retracement level of the 2013-2014-rally crossing at 3345.52.

The June S&P 500 closed higher due to short covering on Tuesday as it consolidated some of this month’s decline. Today’s high-range close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends this month’s decline, the 62% retracement level of the February-April-rally crossing at 1789.26 is the next downside target. Closes above the 20-day moving average crossing at 1851.47 would confirm that a low has been posted. First resistance is the 20-day moving average crossing at 1851.47. Second resistance is last Friday’s high crossing at 1867.10. First support is Monday’s low crossing at 1803.60. Second support is the 62% retracement level of the February-April-rally crossing at 1789.26.

The Dow closed higher on Tuesday. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold but are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 16,322.00 would temper the near-term bearish outlook. If the Dow extends the decline off last Friday’s high, the 50% retracement level of the February-April-rally crossing at 15,987.04 is the next downside target. First resistance last Thursday’s high crossing at 16,456.12. Second resistance is April’s high crossing at 16,631.63. First support is the 50% retracement level of the February-April-rally crossing at 15,987.04. Second support is the 62% retracement level of the February-April-rally crossing at 15,834.22.


 

Interest Snapshot
Symbol Last Change %
T-BONDS Jun 2014 134.43750 -0.37500 -0.28%
iShares FLOATING RATE NOTE 50.74 +0.02 +0.04%
5 YEAR T-NOTES Jun 2014 119.453125 -0.070313 -0.06%
ULTRA T-BONDS Jun 2014 146.59375 -0.53125 -0.36%
POWERSHARES SENIOR LOAN PORTF 24.661 +0.011 +0.04%

INTEREST RATES

June T-bonds closed up 10/32′s at 134-26.

June T-bonds closed higher on Tuesday as it extends this month’s rally. The high-range close sets the stage for a steady to higher opening when Wednesday’s night trading begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this month’s rally, weekly resistance crossing at 135-24 is the next upside target. Closes below the 20-day moving average crossing at 133-10 would confirm that a short-term top has been posted. First resistance is today’s high crossing at 135-10. Second resistance is weekly resistance crossing at 135-24. First support is the 20-day moving average crossing at 133-10. Second support is April’s low crossing at 131-21.


 

Livestock Snapshot
Symbol Last Change %
FEEDER CATTLE Aug 2014 182.300 -0.275 -0.15%
LEAN HOGS Jun 2014 121.700 -0.825 -0.68%
LIVE CATTLE Jun 2014 135.300 -0.125 -0.09%
IPATH DJ-UBS LIVESTOCK TRUST SUB 30.856 -0.134 -0.43%

LIVESTOCK

June hogs closed down $0.13 at $122.52.

June hogs closed lower on Tuesday and the low-range close sets the stage for a steady to lower opening when Wednesday’s night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 125.26 would confirm that a low has been posted. If June extends the decline off March’s high, the 38% retracement level of the 2012-2014-rally crossing at 115.98 is the next downside target. First resistance is the 20-day moving average crossing at 125.26. Second resistance is March’s high crossing at 133.40. First support is the reaction low crossing at 118.55. Second support is the 38% retracement level of the 2012-2014-rally crossing at 115.98.

June cattle closed down $0.47 at 135.42.

June cattle closed lower on Tuesday. The mid-range close sets the stage for a steady opening when Wednesday’s session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 136.45 are needed to confirm that a low has been posted. If June renews the decline off March’s high, the 38% retracement level of the November-March-rally crossing at 134.24. First resistance is the 20-day moving average crossing at 136.45. Second resistance is March’s high crossing at 139.00. First support is the 38% retracement level of the November-March-rally crossing at 134.24. Second support is the 50% retracement level of the November-March-rally crossing at 132.75.

May feeder cattle closed down $0.65 at $179.77.

May Feeder cattle closed lower on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends this year’s rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 178.73 are needed to confirm that a short-term top has been posted. First resistance is Monday’s high crossing at 180.45. Second resistance is unknown. First support is the 20-day moving average crossing at 178.73. Second support is the reaction low crossing at 176.62.


 

Metals Snapshot
Symbol Last Change %
GOLD Jun 2014 1303.9 +3.6 +0.28%
SPDR GOLD SHARES 125.51 -2.34 -1.86%
SILVER May 2014 19.605 +0.116 +0.59%
PALLADIUM Jun 2014 799.40 +3.50 +0.44%
DIREXION DAILY GOLD MINERS BEA 24.2601 +1.4801 +6.13%
POWERSHARES DB PRECIOUS METALS 41.57 -1.06 -2.53%

PRECIOUS METALS

April gold closed sharply lower due to profit taking on Tuesday as it consolidated some of this month’s rally. The low-range close sets the stage for a steady to lower opening when Wednesday’s night session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a short-term top might be in or is near. Multiple closes below the 10-day moving average 1305.90 would confirm that a short-term top has been posted. If April renews this month’s rally, the reaction high crossing at 1343.00 is the next upside target. First resistance is Monday’s high crossing at 1330.00. Second resistance is the reaction high crossing at 1343.00. First support is today’s low crossing at 1291.50. Second support is April’s low crossing at 1277.30.

May silver closed lower on Tuesday thereby renewing the decline off February’s high. The mid-range close set the stage for a steady opening when Wednesday’s night session begins trading. Stochastics and the RSI are diverging but are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends the decline off February’s high, January’s low crossing at 18.800 is the next downside target. Closes above last Thursday’s high crossing at 20.400 would confirm that a short-term low has been posted. First resistance is last Thusday’s high crossing at 20.400. Second resistance is the reaction high crossing at 21.795. First support is the 87% retracement level of the January-February-rally crossing at 19.233. Second support is January’s low crossing at 18.800.

May copper closed lower on Tuesday and below the 20-day moving average crossing at 301.14 confirming that a short-term low has been posted. The low-range close sets the stage for a steady to lower opening when Wednesday’s night session begins trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If May extends the rally off March’s low, the 50% retracement level of the December-March-decline crossing at 314.55 is the next upside target. First resistance is is the 38% retracement level of the December-March-decline crossing at 308.20. Second resistance is the 50% retracement level of the December-March-decline crossing at 314.55. First support is today’s low crossing at 296.55. Second support is March’s low crossing at 287.70.


 

Top Stocks
# symbol name last net % volume score triangles
1. RAD RITE AID 7.0550 -0.0450 -0.64% 41,958,273 +100    Entry Signal
2. T AT&T 35.66 +0.30 +0.84% 24,881,893 +100    Entry Signal
3. WIN WINDSTREAM HOLDINGS 8.79 +0.13 +1.48% 13,997,182 +100    Entry Signal
4. JNJ JOHNSON & JOHNSON 99.18 +2.04 +2.06% 13,079,335 +100    Entry Signal
5. XOM EXXON MOBIL 98.59 +0.73 +0.74% 11,815,350 +100    Entry Signal
6. KOG KODIAK OIL & GAS 13.3400 +0.0800 +0.60% 8,054,495 +100    Entry Signal
7. MO ALTRIA 38.19 -0.06 -0.16% 7,091,392 +90    Entry Signal
8. COP CONOCOPHILLIPS 72.90 +1.39 +1.91% 7,078,353 +100    Entry Signal
9. CSE CAPITALSOURCE 15.47 -0.11 -0.71% 6,269,488 +90    Entry Signal
10. AGN ALLERGAN 127.805 +3.835 +3.00% 5,710,304 +100    Entry Signal
Top Futures
# symbol name last net % volume score triangles
1. BO.N14 SOYBEAN OIL Jul 2014 43.05 +0.59 +1.37% 44,991 +100    Entry Signal
2. C.U14 CORN Sep 2014 506.25 -0.50 -0.10% 28,435 +100    Entry Signal
3. BO.Z14 SOYBEAN OIL Dec 2014 42.32 +0.50 +1.18% 13,094 +100    Entry Signal
4. ZL.K14.E SOYBEAN OIL May 2014 43.20 +0.37 +0.87% 6,014 +100    Entry Signal
5. ZS.X14.E SOYBEANS Nov 2014 1236.50 +7.50 +0.61% 4,805 +100    Entry Signal
6. BO.Q14 SOYBEAN OIL Aug 2014 42.90 +0.61 +1.42% 3,459 +100    Entry Signal
7. ZL.Z14.E SOYBEAN OIL Dec 2014 42.54 +0.22 +0.52% 1,416 +100    Entry Signal
8. CL.Z15.E CRUDE OIL Dec 2015 89.34 +0.31 +0.35% 982 +100    Entry Signal
9. CL.Z16.E CRUDE OIL Dec 2016 84.55 -0.05 -0.06% 921 +100    Entry Signal
10. XK.X14.E SOYBEAN (MINI) Nov 2014 1229.000 +9.000 +0.73% 457 +100    Entry Signal

Earnings Clean Sweep – 04/16/2014

Tuesday was the first meaty day for earnings season. Gladly the top 6 reports that mattered were all positively received with shares on the rise.

Before the market open, Coke, J&J and Schwab all impressed. Then afterhours we got solid news from railroad giant CSX along with Intel and Yahoo. That is a broad swatch of industries each boasting solid results which is certainly positive.

So we ended the session with the S&P just two points under the 50 day moving average. The afterhours beats have the S&P ready for a breakout above. It’s hard to be confident in that notion given all the recent volatility. But if earnings season continues on this positive path then it will be hard for stocks not to trek northwards once again.

Best,

Steve Reitmeister ( aka Reity…pronounced “Righty” )

Executive Vice President

Zacks Investment Research

ADVFN – Report dei mercati 16/04/2014

MERCATO USA
Wall Street chiude in rialzo, acquisti su Coca Cola e Johnson & Johnson

A New York i principali indici hanno chiuso la seduta in rialzo. Il Dow Jones ha guadagnato lo 0,55%, l’S&P500 lo 0,68% e il Nasdaq Composite lo 0,29%.

L’Indice del Mercato Immobiliare NAHB si e’ attestato nel mese di aprile a 47 punti. Il dato risulta inferiore alle attese degli analisti fissate su in indice di 50 punti pur essendo superiore alla rilevazione precedente pari a 46 punti.

La Federal reserve di New York ha comunicato che l’indice Empire State Manufactoring (che misura l’andamento dell’attività manifatturiera di New York) si attesta nel mese di aprile a 1,29 punti in in calo rispetto ai 5,61 punti di marzo e nettamente inferiore alle attese degli analisti fissate su un indice pari a 8,00 punti. Un valore al di sopra dello zero indica comunque che l’economia del settore manifatturiero dello stato di New York e’ in via di miglioramento.

Sul fronte societario Coca-Cola +3,74%. Il gruppo delle bevande analcoliche ha chiuso il primo trimestre con un utile di 1,62 miliardi di dollari (0,36 dollari per azione), in calo rispetto a 1,75 miliardi dello stesso periodo di un anno prima. I ricavi sono diminuiti a 10,58 miliardi da 11,04 miliardi. Gli analisti avevano previsto un utile per azione di 0,44 dollari su ricavi per 10,55 miliardi. La società ha annunciato un buy back azionario per un valore compreso tra i 2,5 e i 3 miliardi di dollari. Morgan Stanley +1,69%. Bank of America ha alzato il rating sul titolo della banca d’affari a buy da neutral.

Johnson & Johnson +2,12%. Il gruppo farmaceutico ha chiuso il primo trimestre con un utile adjusted di 1,54 dollari per azione. Gli analisti avevano previsto 1,48 dollari. I ricavi sono aumentati del 3,5% a 18,1 miliardi. La società ha migliorato la guidance per l’intero esercizio 2014; l’Eps è ora atteso a 5,80-5,90 dollari. Zebra Technologies -10,09%. La società specializzata nelle soluzioni per codici a barre ha annunciato l’acquisto della divisione servizi alle imprese di Motorola Solutions per 3,5 miliardi di dollari. General Electric +0,43%. Secondo fonti citate dal Wall Street Journal, il chief executive Jeff Immelt potrebbe accorciare il suo mandato originariamente stimato in 20 anni. Whirlpool +2,08%. Il produttore di elettrodomestici ha annunciato un incremento del 20% nel dividendo trimestrale a 0,75 dollari per azione. La società ha approvato anche un buyback azionario da 500 milioni di dollari.

Bank of America +2,44%. L’istituto Usa presenterà mercoledì prima dell’apertura del mercato i risultati del primo trimestre. In media il consensus stilato da FactSet prevede utili a 5 centesimi di dollaro per azione, 27 cent in adjusted earning, da 20 centesimi del primo trimestre 2013. I ricavi sono attesi in calo a 22,3 miliardi di dollari, da 23,5 miliardi un anno fa. IBM -0,38%. Citigroup ha tagliato il rating sul titolo del colosso IT a neutral da buy.

MERCATI ASIATICI

Deciso rimbalzo per la Borsa di Tokyo: in evidenza Softbank, trainata dagli utili di Alibaba

Tentativo di rimbalzo per il Nikkei che termina la seduta a 14417,68 punti, facendo segnare un progresso del 3,01%. La reazione, pur permettendo la ricopertura del gap ribassista dell’11 aprile a 14235 circa, non basta tuttavia a cancellare i forti ribassi visti di recente che hanno spinto l’indice nipponico in area 13900/14000 punti, ultimo appiglio al quale aggrapparsi per scongiurare il rischio di inversione della tendenza. In questo punto si colloca infatti il 61,8% di ritracciamento del rialzo partito lo scorso giugno. Sotto questo riferimento il quadro grafico rialzista verrebbe definitivamente compromesso spianando la strada verso 13613, per la ricopertura del gap rialzista del 3 settembre, poi verso area 13200, preludendo infine all’affondo sui minimi di giugno, a 12415 punti. L’indice giapponese dovrà pertanto compiere uno sforzo notevole per risalire la china e riuscire a spingersi oltre la media mobile a 100 giorni a 15100, gettando così le basi per il test di 15500 e più in alto di area 15700 (gap ribassista del 24 gennaio). Rimbalza anche il Topix che ha terminato la seduta a 1166,55 punti (+2,68%).

Molte le notizie sul versante macroeconomico: in Cina l’Ufficio Nazionale di Statistica ha annunciato che il PIL del primo trimestre 2014 ha mostrato una crescita del 7,4% su base annua, in linea con le attese ma inferiore alla rilevazione del quarto trimestre 2013 pari al +7,7% a/a. Il Ministero del Commercio cinese ha reso noto che gli investimenti diretti esteri in Cina sono aumentati del 17,6% nei primi tre mesi dell’anno rispetto ad un anno fa, al di sotto del 17,9% rilevato il mese precedente. Sempre in Cina, la produzione industriale nel mese di febbraio è cresciuta del +8,8% contro l’8,6% del mese precedente. Il dato è tuttavia risultato inferiore alle attese fissate su un incremento del +9,0%. Infine, le vendite al dettaglio nel mese di febbraio sono cresciute del +12,2% rispetto allo stesso periodo del 2013, superiore solo di poco al 12,1% atteso dagli economisti. Il mese precedente il dato era risultato pari a +11,8% a/a. Il Ministero dell’Economia, del Commercio e dell’Industria giapponese ha comunicato questa mattina il dato finale sulla Produzione Industriale di febbraio. L’indice e’ diminuito del 2,3% rispetto al mese precedente, in linea con le attese. Su base annuale il dato ha fatto segnare un aumento del 7,0%, mentre la capacità di utilizzazione degli impianti è scesa del 2,6%. A gennaio si era invece registrato un incremento del 5,9%.

Sul fronte societario spicca il rialzo di Softbank (+8,50%), in forte crescita dopo i risultati societari di Alibaba: il colosso cinese dell’e-commerce, che prepara l’Ipo a Wall Street per una capitalizzazione superiore a 100 miliardi di dollari, non comunica direttamente i dati finanziari, ma a farlo è stata Yahoo! (in occasione della sua trimestrale), che detiene il 24% del gruppo cinese. Nisshin Steel estende i guadagni della scorsa ottava e balza avanti del 9,02%.

Positive anche le altre principali piazze asiatiche: Seoul termina la seduta in parità, a Hong Kong l’Hang Seng  sale dello 0,72%. Sopra il riferimento la borsa di Shanghai con l’indice che segna un +0,14%.


Offerta Trading

25€ in regalo, clicca qui


MERCATI EUROPEI
Borse europee positive, vendite su Credit Suisse, Asml e Danone

Le principali Borse europee hanno aperto la seduta in rialzo. Il Dax30 di Francoforte guadagna l’1%, il Cac40 di Parigi lo 0,97%, il Ftse100 di Londra lo 0,6% e l’Ibex35 di Madrid l’1,2%.

Danone -1,6%. Il colosso francese dell’alimentare ha annunciato una crescita organica delle vendite del 2,2% nel primo trimestre (in assoluto il dato segna una flessione del 5,2% e addirittura dell’8,9% considerando solo gli effetti valutari). Nella divisione latticini, principale business di Danone, le vendite sono cresciute del 3,9% a fronte del calo del 3,7% in volumi. Il gruppo ha confermato gli obiettivi d’esercizio con una crescita delle vendite del 4,5-5,5% e margine operativo stabile.

Credit Suisse -2%. La seconda banca svizzera ha annunciato i risultati per il primo trimestre 2014 segnati dal calo degli utili di un terzo. Nel dettaglio, Credit Suisse ha registrato nei tre mesi profitti per 859 milioni di franchi (706 milioni di euro), in calo da 1,3 miliardi (poco più di un miliardo di euro) del primo trimestre 2013 e a fronte di attese degli analisti per 1,13 miliardi. I ricavi sono scesi dell’8% a 6,47 miliardi di franchi (5,3 miliardi di euro), a causa del crollo di quasi un quarto delle vendite derivanti dal trading, in quello che tradizionalmente è un trimestre solido, a 1,6 miliardi di franchi (1,3 miliardi di euro).

Tesco +3%. Il retailer britannico ha chiuso l’esercizio 2013/2014 con un giro d’affari di 70,894 miliardi di sterline, in leggero aumento rispetto al 2012/2013 (+0,3%). Il trading profit è invece calato a 3,315 miliardi (-6%). Ziggo +0,05%. L’operatore via cavo ha chiuso il primo trimestre con una perdita di 38,4 milioni di euro contro l’utile di 92,7 milioni dello stesso periodo di un anno prima. I ricavi sono aumentati dell’1,7% a 394,2 milioni.

ASML -4%. Il leader mondiale delle attrezzature per la produzione di semiconduttori ha rivisto al ribasso la guidance per il primo semestre 2014. La società olandese ora si attende un giro d’affari di circa 3 miliardi di euro (inclusi i sistemi ultravioletti) contro i 3 miliardi della precedente stima (che non considerava la divisione). Nei primi tre mesi dell’esercizio ASML ha registrato un giro d’affari di 1,397 miliardi di euro (+57% rispetto allo stesso trimestre del 2013) e con un utile di 249 milioni (da 96 milioni).

APERTURA MERCATO ITALIANO

Borsa italiana rimbalza dopo calo di ieri, Ftse Mib +1,58%. UBI Banca in evidenza, vola Mittel

Il Ftse Mib segna +1,58%, il Ftse Italia All-Share +1,53%, il Ftse Italia Mid Cap +1,09%, il Ftse Italia Star +1,25%.
Borse europee in netto recupero. Ieri sera a Wall Street l’S&P 500 ha chiuso a +0,68%, il Nasdaq Composite a +0,29% e il Dow Jones Industrial a +0,55%. I future sui principali indici USA al momento sono in rialzo dello 0,4% circa. A Tokyo il Nikkei 225 ha terminato a +3,01%, mentre a Hong Kong l’Hang Seng attualmente segna -0,1% circa.

Rimbalzano le borse europee in scia ai dati macroeconomici cinesi. In forte rialzo tra le blue chip UBI Banca (+4,1%) dopo l’annuncio della rimodulazione degli accordi di joint venture con il Gruppo Aviva nella bancassicurazione: allungata al 2020 la durata degli accordi di distribuzione e rivisto l’assetto delle partecipazioni nelle jv e nelle banche del gruppo UBI.

Positiva Banca MPS (+1%) dopo che da in un internal dealing diffuso ieri sera è emerso che la Fondazione MPS ha ceduto il 3% del capitale di Rocca Salimbeni tra il 28 marzo e l’11 aprile. Ieri MPS ha ceduto oltre il 10% su indiscrezioni di stampa in base alle quali l’entità dell’aumento di capitale potrebbe essere incrementata a 5 miliardi di euro dai 3 miliardi previsti inizialmente.

Sale Enel (+1,7%) grazie a Fitch che ha confermato Long-term Issuer Default Ratings (IDR) e senior unsecured ratings a BBB+, e li ha rimossi dal Rating Watch Negative dove erano stati posti il 16 luglio scorso. Inoltre Jp Morgan e Morgan Stanley hanno alzato i target price sul titolo.

Luxottica (+1,4%) in verde dopo l’accordo decennale di licenza in esclusiva per le collezioni di occhiali a marchio Michael Kors Collection e MICHAEL Michael Kors. La prima collezione prodotta in collaborazione con Luxottica sarà lanciata a gennaio 2015.

Acquisti su Mittel (+8,1%) grazie alle indiscrezioni del Sole 24 Ore in base alle quali Andrea Bonomi di Investindustrial sarebbe intenzionato a diventare nuovo azionista di controllo della società presieduta da Giovanni Bazoli, con primo obiettivo l’acquisizione del 15,3% di Romain Zaleski (che però secondo i dati Consob ha il 19% mediante la Tassara).


NUOVA SEZIONE DI ADVFN, ANALISI DEI MERCATI!

Analisi e Segnali di Borsa quotidiani dai professionisti della finanza.

Clicca qui


TITOLI DEL GIORNO
Atlantia resta aggrappata al supporto offerto in area 17,90 dalla base del canale che contiene il rialzo dai minimi della scorsa estate. La tenuta di questo riferimento conserverebbe intatte le attese di crescita per obiettivi in area 19,80/20, in corrispondenza del picco toccato a metà del 2008. La violazione di area 17,90 comporterebbe invece un deterioramento delle prospettive di breve termine, anticipando l’affondo verso 16,60 almeno, per un test dall’alto dei massimi allineati di ottobre e novembre, livello coincidente con il 38,2% di ritracciamento del rialzo partito lo scorso giugno.
Per chi volesse comprare il titolo intervenire prudentemente sui livelli attuali per il test di 19,22 e 19,80, stop loss sotto 17,90.
Per chi gia’ detiene il titolo mantenere le posizioni con stop sotto 17,90, incrementare oltre 19,22 per 19,80.

Intesa Sanpaolo ha completato il 10 aprile scendendo sotto quota 2,48 il testa spalle ribassista disegnato sul grafico intraday dal top del 2 aprile. Per capire se il titolo sia destinato a proseguire la fase negativa avviatasi con la comparsa della figura descritta saraà necessario ora concentrare l’attenzione sul supporto di area 2,31/32, dove si collocano la base del gap rialzista del 28 marzo e la linea che sale dai minimi dello scorso dicembre. Il taglio al ribasso anche di questa fascia di supporto comporterebbe con buona probabilita’ il proseguimento della discesa almeno fino verso i 2,10 euro, 50% di ritracciamento del rialzo dai minimi di dicembre. La tenuta di 2,31/32 e la rottura di 2,40 lascerebbero invece aperta l’ipotesi che il recente calo sia stato solo una fisiologica correzione di una tendenza rialzista comunque ancora in forza, destinata a recuperare non solo i massimi di area 2,60 ma anche a spingersi oltre quei livelli. L’analisi della situazione grafica attuale potrebbe portare gli investitori piu’ aggressivi a decidere di tentare acquisti sulla debolezza a partire dai livelli attuali: il rischio da assumersi con l’avvio di posizioni di acquisto e’ limitato dalla vicinanza del supporto al di sotto del quale attivare uno stop loss, ovvero i 2,30 euro, il profitto potenziale invece e’ notevole dal momento che il titolo potrebbe essere in prossimita’ di minimi di periodo, pronto a riprendere una fase ampia di crescita. I piu’ prudenti dovranno invece attendere la rottura almeno di 2,40 prima di tornare a sbilanciarsi al rialzo.
Per chi volesse comprare il titolo attendere la rottura di 2,40 per intervenire, target a 2,50, stop loss a 2,35.
Per chi gia’ detiene il titolo mantenere le posizioni con stop subito sotto 2,30, incrementare oltre 2,40 per 2,50 e 2,60.

Fase delicata per Mediobanca che sta mettendo sotto pressione i supporti statici a 7,40/7,50 euro, dove peraltro transita attualmente anche la linea di tendenza che sorregge il rally sin da inizio settembre. In caso di violazione di questi riferimenti il titolo scivolerebbe rapidamente sui 7 euro, sostegno a quel punto decisivo per scongiurare ulteriori approfondimenti sui minimi di fine gennaio/inizio febbraio a 6,40/6,50. Nonostante i rischi di accelerazione ribassista appena descritti il quadro grafico di medio/lungo periodo di Mediobanca resta saldamente impostato al rialzo e al di sopra di 8,10 si creerebbero le premesse per un attacco al massimo annuale a 8,49, limite oltre il quale verrebbe riattivata la tendenza ascendente in direzione di 9,76, massimo dell’ottobre 2009. L’eventuale superamento di questo ultimo ostacolo migliorerebbe notevolmente le prospettive di lungo termine favorendo estensioni verso 10,80 in prima battuta e quindi 12,80.
Per chi volesse acquistare il titolo: posizioni long oltre 8,49 per 9,76, stop sotto 8,10.
Per chi detiene attualmente il titolo: incrementare oltre 9,76 per 10,80 e 12,80, ridurre sotto 7 e uscire alla violazione di 6,40.

DATI MACRO ATTESI

Mercoledì 16 aprile 2014
04:00 CINA PIL T1;
04:00 CINA Produzione industriale mar;
06:30 GIA Produzione industriale (finale) feb;
10:00 ITA Bilancia commerciale (EU) feb;
10:00 ITA Bilancia commerciale (totale) feb;
10:30 GB Tasso di disoccupazione mar;
10:30 GB Variazione n° disoccupati mar;
11:00 EUR Inflazione (finale) mar;
14:30 USA Licenze edilizie mar;
14:30 USA Nuovi cantieri residenziali mar;
15:15 USA Impiego capacità produttiva mar;
15:15 USA Produzione industriale mar;
16:30 USA Scorte settimanali petrolio e derivati;
18:15 USA Intervento Yellen (Fed);
20:00 USA Beige Book (Fed).


Offerta Trading

25€ in regalo, clicca qui


HEADLINES
Banca MPS: titolo ancora sospeso dalle contrattazioni (operazione Chianti Classico)
La Fondazione Mps, dal 28 marzo all’11 aprile, ha venduto circa il 3% del capitale di Banca Monte dei Paschi di Siena per un controvalore di 97,25 milioni di euro. E’ quanto emerge da un internal dealing . Ieri e oggi la Consob ha vietato le vendite allo scoperto sul titolo della banca senese. Ieri si era diffusa l’indiscrezioni su un possibile aumento di capitale da 5 miliardi di euro invece che da tre. Una nota della banca aveva specificato valutazioni sull’ammontare necessario al ripagamento dei Monti bond. Nell’ambito delle attività previste per la ristrutturazione dell’operazione Chianti Classico, già avviata a dicembre 2013 con il riacquisto degli SFP PGPI 2010 Monte dei Paschi di Siena ha acquisito il 92,1% delle azioni con diritto di voto di Perimetro Gestione Proprietà Immobiliari (“PGPI”), per circa 5,1 milioni di euro. La Ristrutturazione dell’operazione Chianti Classico è contenuta nel Piano di Ristrutturazione della Banca approvato dal proprio Consiglio di Amministrazione il 7 ottobre 2013 e dalla Commissione Europea il 27 novembre 2013. Con questa ulteriore fase della ristrutturazione dell’operazione Chianti Classico il Gruppo Montepaschi, già presente nell’azionariato di PGPI con il 7,9% della azioni con diritto di voto, detiene ora la totalità del capitale sociale, con positivi riflessi in termini di rafforzamento della governance e coerenza con i nuovi orientamenti strategico/operativi contenuti nel Piano di Ristrutturazione della Banca. Gli effetti della Ristrutturazione dell’operazione Chianti Classico sono già stati sostanzialmente recepiti nel bilancio consolidato del Gruppo Montepaschi chiuso al 31 dicembre 2013.

UBI Banca e Aviva rimodulano la partnership strategica nella bancassurance ramo vita
UBI Banca ha sottoscritto con il Gruppo Aviva una serie di accordi aventi a oggetto il complessivo riassetto della joint venture esistente nel settore della distribuzione di prodotti assicurativi nei rami vita. In base alle intese raggiunte, le parti hanno concordato in n ambito commerciale l’estensione sino al 31 dicembre 2020 della durata degli accordi commerciali di distribuzione vigenti (in scadenza nel 2015), a valere sul perimetro distributivo attuale, con una gamma più ampia di prodotti vita e risparmio. Decisa anche l’acquisizione da parte di UBI Pramerica della gestione delle riserve tecniche di Aviva Vita S.p.A., attualmente pari a circa 3 miliardi di euro. In ambito societario è stata approvata la semplificazione della struttura dell’azionariato delle due joint ventures Aviva Vita S.p.A. e Aviva Assicurazioni Vita S.p.A.. Alla luce dei richiamati accordi, UBI Banca venderà ad Aviva il 30% delle due joint ventures (partecipate attualmente al 50% circa), rimanendo con circa il 20% del capitale sociale di ognuna e conseguendo una plusvalenza a livello consolidato di circa €57 milioni netti. Approvato anche il riacquisto, da parte di UBI Banca, di tutte le partecipazioni detenute dalle società controllate da Aviva Holding Italia Spa in Banca Popolare Commercio e Industria, Banca Popolare di Ancona e Banca Carime per un corrispettivo di €327 milioni totale, in linea con il fair value delle partecipate. La riduzione delle partecipazioni di pertinenza di terzi (cd. “minorities”) comporterà per il Gruppo UBI un impatto limitato e stimato in circa 35 bps sul Core Tier 1 al 31.12.2013. Il Common Equity Tier 1 ratio Basilea 3 a regime resta confermato superiore al 10%. A seguito del riacquisto delle citate minorities, il Gruppo UBI deterrà l’83,8% di BPCI, il 99,5% di BPA e il 100% di Carime e potrà beneficiare appieno degli effetti della progressiva ripresa dell’economia, attesi a partire da quest’anno. Le istanze per l’ottenimento delle necessarie autorizzazioni di legge saranno tempestivamente presentate con l’auspicio di ottenerne il rilascio entro la fine del 2014.

Morgan Stanley alza il target per Snam RG
Gli analisti americani di Morgan Stanley alzano il target price di Snam Rete Gas a 4,05 euro da 3,87 euro, il giudizio viene confermato a “Equal Weight”.

Danone vendite in calo nel primo trimestre
Il gruppo francese Danone ha registrato nel primo trimestre del 2014 vendite da 5,061 miliardi di euro in calo del 5,2% rispetto ai 5,338 miliardi del primo quarto del 2013 (al netto dell’effetto cambi, dei cambiamenti di perimetro e dei cambiamenti nei principi contabili il gruppo segnale un incremento del 2,2%).  Effetti negativi sul giro d’affari sono derivati dall’evoluzione sfavorevole dei cambi del peso argentino, del rublo russo, della rupia indonesiana, del real brasiliano, mentre l’integrazione della Centrale Latiere del Marocco e di altre attività come Sirma in Turchia, YoCrunch ed Happy Family negli Stati Uniti hanno apportato effetti positivi. In un confronto complessivo fra il primo trimestre del 2013 e il corrispondente periodo 2014 si registra un calo delle attività Fresh Dairy Products da 2,95 a 2,80 miliardi di euro, un incremento delle acque da 887 a 895 milioni, un calo dell’Early Life Nutrition da 1,17 a 1,02 miliardi e un lieve incremento della divisione Medical Nutrition da 322 a 328 milioni. Per il 2014 Danone si attende una domanda sui livelli di quella del 2013, con una fase di debolezza in Europa, un significativo proseguimento di inflazione dei prezzi del latte, una persistente elevata volatilità dei cambi nei mercati emergenti che dovrebbe portare a una maggiore inflazione in quelle nazioni. Il gruppo punta anche a ricostruire le proprie posizioni nel settore Early Life Nutrition in Asia. Complessivamente la crescita delle vendite like-for-like è attesa nell’esercizio al 4,5-5,5 per cento.

Poltrona Frau: il cda ritiene congrua l’offerta da 2,96 euro di Hawort Italy Holding
Il Consiglio di Amministrazione di Poltrona Frau, riunitosi in data 15 aprile 2014, ha approvato il comunicato relativo all’offerta pubblica di acquisto obbligataria promossa da Haworth Italy Holding S.rl su massime 58.094.459 azioni ordinarie della società. Ad esito della riunione, in particolare, il consiglio ha ritenuto congruo da un punto di vista finanziario il corrispettivo di Euro 2,96 par ciascuna azione ordinaria portata in adesione all’Offerta. Il comunicato di Poltrona Frau, contenente ogni dato utile per l’apprezzamento dell’Offerta e la valutazione del consiglio di amministrazione sull’offerta medesima sarà allegata al documento di offerta che sarà pubblicato dall’Offerente nei termini a con le modalità previste dalla legge. Al comunicato dell’emittente saranno peraltro allegati il parere reso dai consiglieri indipendenti e la fairness opinion resa dall’advisor indipendente KPMG.

Isagro: via libera della Consob al prospetto dell’aumento di capitale sociale
Si rende noto che in data odierna Isagro S.p.A. (“Isagro”) ha ottenuto da CONSOB l’approvazione alla pubblicazione del Prospetto Informativo (il “Prospetto Informativo”) relativo all’offerta in opzione agli azionisti e all’ammissione a quotazione sul Mercato Telematico Azionario organizzato e gestito da Borsa Italiana S.p.A. di massimo n. 7.000.000 azioni ordinarie e di massimo n. 14.175.000 azioni di categoria speciale denominate “Azioni Sviluppo”, di nuova emissione, prive del valore nominale, al medesimo prezzo di offerta pari a Euro 1,37 (di cui Euro 1,02 quale sovrapprezzo), e, conseguentemente, per un valore complessivo massimo dell’aumento di capitale a pagamento, in forma scindibile, pari a Euro 29.009.750. Le azioni ordinarie e le Azioni Sviluppo sono offerte congiuntamente in opzione agli azionisti di Isagro in pacchetti inscindibili composti di n. 40 azioni ordinarie e n. 81 Azioni Sviluppo e il rapporto di assegnazione è pari a n. 1 pacchetto inscindibile ogni n. 100 azioni ordinarie possedute, per un prezzo di offerta di ciascun pacchetto pari a Euro 165,77. I diritti di opzione per la sottoscrizione delle azioni ordinarie e delle Azioni Sviluppo dovranno essere esercitati dal 22 aprile 2014 al 13 maggio 2014 compresi (“Periodo di Offerta”) e saranno negoziabili in Borsa dal 22 aprile 2014 al 6 maggio 2014 compresi. Entro il mese successivo alla scadenza del Periodo di Offerta, Isagro offrirà in Borsa, ai sensi dell’art. 2441, comma 3, cod. civ., i diritti eventualmente non esercitati durante detto periodo, con facoltà di collocare presso terzi le eventuali nuove azioni ordinarie e Azioni Sviluppo che risultassero non sottoscritte anche all’esito dell’offerta in Borsa. Borsa Italiana S.p.A., con provvedimento n. 7868 dell’11 aprile 2014, ha disposto l’ammissione delle Azioni Sviluppo alla quotazione sul Mercato Telematico Azionario, segmento STAR. La data di inizio delle negoziazioni delle Azioni Sviluppo sarà disposta da Borsa Italiana S.p.A. ai sensi dell’articolo 2.4.4, comma 6, del Regolamento dei Mercati organizzati e gestiti da Borsa Italiana S.p.A., previa verifica della sufficiente diffusione delle Azioni Sviluppo a seguito dell’offerta in opzione.  Si rende, infine, noto che, in data 14 aprile 2014, il socio di controllo Holdisa S.r.l., titolare di una partecipazione al capitale sociale di Isagro pari al 54,70% dello stesso, ha comunicato all’Emittente il proprio impegno irrevocabile a sottoscrivere la quota di propria pertinenza dell’aumento di capitale, fino a concorrenza dell’importo complessivo di circa Euro 15,9 milioni, utilizzando le risorse messe a disposizione da BasJes Holding S.r.l.. Il Prospetto Informativo sarà depositato presso la CONSOB ai sensi di regolamento, e messo a disposizione presso la sede sociale di Isagro in Milano, Via Caldera, 21, nonché sul sito www.isagro.com. Sarà data informazione al pubblico dell’avvenuta pubblicazione del Prospetto Informativo con le modalità e nei termini previsti dalle disposizioni di legge e regolamentari applicabili, mediante pubblicazione di un apposito avviso.

Tuesday’s Earnings Guidance 15/04/2014

Positive Guidance
Himax Technologies Updates Guidance with Revenue Above Estimates
Tuesday, April 15, 2014  9:30:30 AM ET
View:   Complete Article | Historical Guidance


Himax Technologies Inc. (HIMX) said it expects first quarter revenue of approximately $194.6 million. The company’s previous guidance was revenue of $195.2 million or slightly below and the current consensus revenue estimate is $193.6 million for the quarter ending March 31, 2014.

Entergy Raises Guidance
Tuesday, April 15, 2014  7:00:00 AM ET
View:   Complete Article | Historical Guidance


Entergy Corp. (ETR) said it now expects 2014 earnings of $5.55 to $6.75 per share. The company’s previous guidance was earnings of $4.60 to $5.40 per share and the current consensus earnings estimate is $5.38 per share for the year ending December 31, 2014.

Zebra Technologies Raises Guidance
Tuesday, April 15, 2014  6:31:00 AM ET
View:   Complete Article | Historical Guidance


Zebra Technologies Corp. (ZBRA) said it now expects first quarter earnings of $0.88 to $0.91 per share, excluding acquisition expense of $0.09 per share, on revenue of $287.0 million to $289.0 million. The company’s previous guidance earnings of $0.77 to $0.87 per share on revenue of $276.0 million to $286.0 million and the current consensus earnings estimate is $0.82 per share on revenue of $281.6 million for the quarter ending March 31, 2014.

Inline Guidance
Linear Technology Sees Fourth Quarter Revenue In-line with Estimates
Tuesday, April 15, 2014  5:01:27 PM ET
View:   Complete Article | Historical Guidance


Linear Technology Corp. (LLTC) said it expects fourth quarter revenue of $355.0 million to $368.9 million. The current consensus revenue estimate is $365.2 million for the quarter ending June 30, 2014.

Yahoo! Guides Revenue In-line
Tuesday, April 15, 2014  4:05:45 PM ET
View:   Complete Article | Historical Guidance


Yahoo! Inc. (YHOO) said in its earnings slides it expects second quarter revenue of $1.06 billion to $1.10 billion. The current consensus revenue estimate is $1.08 billion for the quarter ending June 30, 2014.

Intel Guides Revenue In-line with Estimates
Tuesday, April 15, 2014  4:05:40 PM ET
View:   Historical Guidance


Intel Corp. (INTC) said on its website it expects second quarter revenue of $12.5 billion to $13.5 billion. The current consensus revenue estimate is $12.95 billion for the quarter ending June 30, 2014.

PNM Resources Reaffirms
Tuesday, April 15, 2014  8:01:58 AM ET
View:   Complete Article | Historical Guidance


PNM Resources, Inc. (PNM) said it continues to expect 2014 earnings of $1.42 to $1.52 per share. The current consensus earnings estimate is $1.47 per share for the year ending December 31, 2014.

Negative Guidance
hhgregg Sees Fourth Quarter Loss
Tuesday, April 15, 2014  8:02:07 AM ET
View:   Complete Article | Historical Guidance


hhgregg Inc. (HGG) said it expects a fourth quarter loss of approximately $0.17 per share, excluding charges, on revenue of approximately $538.3 million. The current consensus estimate is for earnings of $0.10 per share on revenue of $552.0 million for the quarter ending March 31, 2014.

Aaron’s Lowers Guidance
Tuesday, April 15, 2014  7:02:00 AM ET
View:   Complete Article | Historical Guidance


Aaron’s, Inc. (AAN) said it expects first quarter earnings of $0.51 to $0.54 per share on revenue of approximately $587.5 million. The company’s previous guidance was earnings of $0.57 to $0.62 per share on revenue of approximately $600.0 million and the current consensus earnings estimate is $0.59 per share on revenue of $598.9 million for the quarter ending March 31, 2014.

Motorola Solutions Sees Revenue Below Estimates
Tuesday, April 15, 2014  6:35:27 AM ET
View:   Complete Article | Historical Guidance


Motorola Solutions, Inc. (MSI) said it now expects first quarter earnings of approximately $0.50 per share on revenue of approximately $1.80 billion. The company’s previous guidance was earnings of $0.46 to $0.52 per share on revenue of $1.85 billion to $1.89 billion and the current consensus earnings estimate is $0.51 per share on revenue of $1.88 billion for the quarter ending March 31, 2014.

Quartz Daily Brief—Chinese GDP slows, euro inflation, Alibaba boosts Yahoo, drone selfies

Quartz - qz.com
Daily Brief sponsored by Columbia Business School

Good morning, Quartz readers!

What to watch for today

Another jab in the ribs for the ECB. New data from the euro zone will likely show that inflation has slowed to its lowest point in four years, supporting arguments that the European Central Bank needs to adopt more radical stimulus measures.

UK living standards turn around. Average weekly earnings are expected to rise 1.8% in the three months to the end of February, which would mean wages are rising faster than inflation for the first time in six years.

Russia and Georgia make nice. The two countries hold talks on the possibility of normalizing diplomatic ties, six years after Russian troops invaded the country. Russia is wants to forestall an accord Georgia and the EU are due to sign in June.

Economic tales from around the US. The US Federal Reserve releases its Beige Book, an anecdotal portrait of the US economy. Housing starts and industrial production are also due.

The end of tech’s slide. Google and IBM report first-quarter earnings that investors hope will staunch the recent, brutal tech stock sell-off that has only just started to ease. American Express, Tata Consultancy, and BHP Billiton also post results.

While you were sleeping

Chinese growth slowed. First quarter GDP rose 7.4%, compared with a 7.7% year-on-year rise in the previous quarter, due in part to a slowdown in the property market. The results beat expectations of a 7.3% rise, but added pressure on the government, which has forecast 7.5% growth for the full year.

A South Korean ferry ran aground. The vessel, carrying mostly high school students among its 476 passengers, was on its way to a resort island. A rescue effort is underway; one person has died and about 150 have been rescued so far.

Yahoo and Intel both had some good news. Chinese e-commerce giant Alibaba, of which Yahoo owns 24%, reported a 66% jump in revenue. That suggests a $100 billion valuation may be justified when Alibaba goes public this year. Intel also reported decent earnings, as PC sales stabilized.

Twitter bought a data company. The social network paid an undisclosed sum for Gnip, which specializes in analyzing large data sets from social media companies such as Twitter, Reddit, and Foursquare. News of the deal, along with the hiring of a prominent Google executive, drove Twitter’s stock price up by 11%.

Coca-Cola got a pop. The soda company reported surprisingly good earnings, with help from sales in emerging markets, especially China, that are making up for declining US soda consumption.

Sponsor content by Columbia Business School

Find yourself at the center of solutions. Columbia Business School Executive Education is where actionable business knowledge can help you solve immediate challenges. Gain practical business skills from a world-class faculty that will give you better tools for leading your company. Put yourself at the very center of business and choose from over 30 Executive Education programs.

Quartz obsession interlude

John McDuling on how more Americans may be moving to cities, hastening the death of shopping malls and logo clothing. “Cities have become more attractive places to live. Weakness in the economy could be prompting young families to delay a move to the suburbs. Regardless, the city renaissance could be having knock-on effects across the economy. And in retail, it might already be happening.” Read more here.

Matters of debate

Starbucks defines urbanity. In China at least, it can indicate how developed a city is.

The emerging middle class is at risk. A global slowdown and rising inequality could push up to a billion people back below the poverty line (paywall).

Aircraft black boxes should be designed to float. They do on military planes, so why not civilian ones?

Parental involvement in education is overrated. Setting expectations matters more than helping with homework.

Surprising discoveries

Infants cry to keep their parents from having sex. A new theory posits that crying forestalls the creation of an attention-stealing sibling.

What do you call a drone selfie? How about a “dronie”?

Parrots name their young. Chicks are assigned unique combinations of chirps and peeps that they use throughout their lives.

The most famous Thai food is Chinese. There is only one Thai ingredient in pad thai, which was popularized as part of a nation-building campaign.

Your veins are as unique as your fingerprint. They may be a more secure way of paying for things, because you don’t leave veinprints on everything you touch.

Our best wishes for a productive day. Please send any news, comments, pad thai recipes, and infant sleep strategies to hi@qz.com. You can follow us on Twitter here for updates throughout the day.

You’re getting the Europe and Africa edition of the Quartz Daily Brief. To change your region, click here. We’d also love it if you shared this email with your friends. They can sign up for free here.