Guest View
User: Pass: | become a member


Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Frontrunning: July 22

Courtesy of Tyler Durden

  • Debt talks begin critical phase (Reuters)
  • Obama and Boehner Advance Toward Deal to Cut Deficit  (WSJ)
  • Democrats Balk at Potential U.S. Debt-Limit Deal (Bloomberg)
  • Debt Ceiling Uncertainty Puts States at Risk (NYT)
  • Chinese manufacturing set to contract (FT)
  • Questions on Holdings at the Fed (WSJ)
  • China Banking Regulator Steps Up Risk Controls on Local Government Loans (Bloomberg)
  • IEA calls halt to emergency oil release (FT)
  • EU leaders agree €109bn Greek bail-out (FT)
  • EU May Accept Greek Default as Crisis Fight Intensifies (Bloomberg)
  • The Lesser Depression (Krugman)
  • Barnier seeks to soothe UK over banks (FT)
  • Pity the Policymakers (El-Erian)
  • UK turns down ECB securities project (FT)

European economic update:

  • Euro-Zone Industrial New Orders SA for May 3.6% mom higher than expected Consensus 0.8% mom Previous -0.1% mom (Revised from 0.7% mom)
  • Euro-Zone Industrial New Orders NSA for May 15.5% yoy higher than expected Consensus 10.1% yoy Previous 10.3% yoy (Revised from 8.6% yoy)
  • Germany IFO – Business Climate for July 112.9 lower than expectedConsensus 113.7 Previous 114.5
  • Germany IFO – Current Assessment for July 121.4 lower than expectedConsensus 122.3 Previous 123.3
  • Germany IFO – Expectations for July 105.0 in line with expectationsConsensus 105.0 Previous 106.2 (Revised from 106.3)
  • France Own-Company Production Outlook for July 8 Previous 16 (Revised from 14)
  • France Production Outlook Indicator for July 3 Previous 13
  • France Business Confidence Indicator for July 105 lower than expectedConsensus 107 Previous 110 (Revised from 109)
  • Italy Retail Sales s.a. for May -0.1% mom -0.6% yoy in line with expectationsConsensus -0.1% mom Previous 0.2% mom 2.2% yoy (Revised from 0.4% mom 2.5% yoy)

Global economic headlines courtesy of Egan-Jones

  • Asian shares rise after Europe leaders strike deal on second Greece bailout.
  • EU agrees on €109B Greek bail-out; Pvt bondholders called on to contribute further €37B.
  • Apple in early stages of examining Hulu, that is being considered for sale by its owners.
  • Beazley Plc had first-half loss of $14.1M, on claims from natural disasters.
  • Bristol-Myers to buy Amira Pharma for $325M, potential milestone payments worth $150M.
  • CAT’s June net income rises from $707M to $1.0B.
  • Chubb Q2 net 19% to $419M on high storm losses, but boosts 2011 profit guidance.
  • Cytec beats by $0.03, posts Q2 EPS of $0.92. Revs rose 13.7% to $798M.
  • Express Scripts buying Medco Health Solns Inc. for $29.1B.
  • Fifth Third reports $328M in Q2 profits; results bolstered by improvements in credit.
  • Genworth Fincl sees Q2 loss of $0.19-0.23/sh vs. cons +$0.24/sh amid worsening trends with its US mortgage insurance business and a weak housing market.
  • Hewlett-Packard to buy back further $10B of stock to boost shares.
  • Human Genome Sciences Q2 loss widens to $80.7M on lower revenue, higher costs.
  • McDonald’s June net income rises from $1.2B to $1.4B.
  • Microsoft Q4 profit rises 29.9%, but Windows revs dips in 3rd straight quarterly decline.
  • NCR Corp beats by $0.04, beats on revs; guides FY11 EPS, revs in-line.
  • Nokia posts Q2 loss of €368M as sales dropped 7.3% to €9.28B.
  • Olin’s Q2 profit more than doubles to $42.1M, but shares slide on weak Q3 EPS outlook.
  • PepsiCo Q2 net rises 18% helped by acquisitions, scaled back its 2011 EPS guidance largely on economic uncertainty in developed markets, higher commodity costs.
  • Polycom Inc.’s Q2 net doubles to $29M as revs rose 24% to $366M.
  • SanDisk Corp. beats est., Q2 net slips 3.7% to %$248.4M. Revs up 16% at $1.37B.
  • Scholastic Corp. Q4 net falls 15% to $24.8M amid higher costs. Revs up 1% at $545.8M.
  • Schlumberger Limited Q2 profit up $1.34B.
  • Seagate declined $2.86 (17%) after Q1 profit.
  • Wal-Mart to share data with Nielsen, may help manufacturers, other stores better understand shoppers
  • Whirlpool posts Q2 loss of $161M due to settlement of a collection dispute. Revs up 4%.

Earnings Calendar: APD, CAT, DOV, GE, HON, MCD, NWBI, RAI, SLB, USG, VZ, XRX, YRCW.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a free SWW trial or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Dashboard

 Sector Performances (Today)

 Thermal Imaging