Morning Market Snapshot
January 8th, 2015
Market Action
Futures
DJIA
S&P 500
Change
Index
Change
Forex
17,672 (+165)
Nikkei
17,167 (+282)
EUR/USD
2037.25 (+17.75) Hang Seng 23,835.53 (+154.27)
NASDAQ 4189.25 (+37.75)
Change
Commodity
1.1767 (-0.0072) Crude Oil
Change
49.10 (+0.45)
USD/JPY
119.84 (+0.58)
Gold
1,205.60 (-5.10)
Silver
16.37 (-0.17)
FTSE
6,520.13 (+100.30)
GBP/USD
1.5058 (-0.0052)
DAX
9,681.63 (+163.45)
USD/CAD
1.1802 (-0.0013)
Economic Calendar
Time (ET)
Currency
Economic Data
8:30AM
USD
Jobless Claims
10:30AM
USD
EIA Natural Gas Report
Market News
-
Late Wednesday, Federal Reserve Bank of Chicago President Charles Evans said the U.S. might
not hit the Feds target inflation rate until 2018 and he doesnt advocate raising interest rates
until 2016.
Costco (COST) U.S. same-store sales numbers jump 5% in December.
Nestle(NSRGY) to sell its frozen meals business to Findus Spain as part of its ongoing portfolio
review
Analyst Action
BB&T Capital upgrades Cooper Tire & Rubber (CTB) from Underweight to Hold
Deutsche Bank upgrades Tractor Supply (TSCO) from Hold to Buy ($65 $90)
Jefferies upgrades Eli Lilly (LLY) from Buy to Hold ($75 $80)
Nomura upgrades Molson Coors Brewing (TAP) from Neutral to Buy ($70 $85)
Stifel upgrades Veeva Systems (VEEV) from Hold to Buy ($36)
Wells Fargo upgrades MGM Resorts (MGM) from Market Perform to Outperform
BMO Capital downgrades Andersons (ANDE) from Outperform to Market Perform ($62 $56)
Citigroup downgrades Anadarko Petroleum (APC), Chesapeake Energy (CHK), Cabot Oil & Gas (COG),
Concho Resources (CXO), Noble Corp (NE), Range Resources (RRC) from Buy to Neutral
Deutsche Bank downgrades Eli Lilly (LLY) from Buy to Hold
Stifel downgrades Google (GOOGL) from Buy to Hold
Wells Fargo downgrades Scientific Games (SGMS) from Outperform to Market Perform
Wells Fargo adds Penn National Gaming (PENN) to its Priority Stock List ; Names it among its Top
Gaming Ideas for 2015
Morgan Stanley maintains its Overweight rating on Chipotle Mexican Grill (CMG) and increases it price
target from $696 $757
Morgan Stanley maintains its Overweight rating on Starbucks (SBUX) and increases its price target from
$88 $97
Open Interest Changes
From 1/7 Options Action:
Vix Short Term Futures (VXX) January (2017) 15 Put OI jumps from 11,378 to 73,826
Resolute Forest Products (RFP) January 17.5 Call OI jumps from 432 to 6,043
SPDR S&P 500 (SPY) February 215 Call OI jumps from 50,608 to 179,947
Valero (VLO) January 48 Put OI jumps from 379 to 10,513
Santander Consumer (SC) February 20 Call OI jumps from 0 to 28,658
SPDR S&P Homebuilders (XHB) March 35 Call OI jumps from 1,758 to 17,714
Advanced Micro Devices (AMD) July 2.5 Put OI jumps from 15,317 to 119,530
National Bank of Greece (NBG) March 1.5 Put OI jumps from 0 to 10,021
Currency Shares British Pound (FXB) March 145 Put OI jumps from 8,078 to 13,542
Insider Action
From 1/7 Form 4 Filings:
Buying: Biglari Holdings (BH), Clear Channel Outdoor Holdings (CCO), Opko Health (OPK), Sears Holdings
(SHLD), and Vivus (VVS)
Selling: [Link] (CRM), Walt Disney Co. (DIS), Google (GOOG), Jazz Pharmaceuticals (JAZZ), La
Quinta Holdings (LQ), Mastercard (MA), and Twitter (TWTR), and Vector Group (VGR)
Earnings Central
Earnings After the Close today (1/8):
Ticker
Company
BBBY
Bed Bath & Beyond
CUDA
Barracuda Networks
EOPN
E2open
HELE
Helen of Troy
PSMT
PriceSmart
RT
Ruby Tuesday
TCS
The Container Store
Earnings Before the Open tomorrow (1/9):
Ticker
Company
INFY
Infosys Technologies
AYI
Acuity Brands