April 2012 Blog Posts (15)

Early Floor Talk: Slight bid ahead of GDP data

Futures are slightly higher ahead of the first Q1 GDP release at 8:30 ET (Briefing.com consensus +2.5%). Futures fell in after-hours yesterday after S&P downgraded Spain by two notches, but they've since recouped those losses as Europe rebounded after opening lower on the news. S&P futures are +2, DJ futures are +20 and the Nasdaq is outperforming…

Co announces that the Moscow Arbitration Court has issued a limited injunction order in connection with the previously announced claims by the Russian Federal Anti-monopoly service ("FAS"). The court rejected the Russian regulator's request to completely prohibit VimpelCom from voting its shares in its Russian subsidiary OJSC "Vimpel-Communications" ("OJSC VimpelCom"). The injunction order states that VimpelCom and its indirect subsidiary…

Reports Q1 (Mar) earnings of $0.70 per share, excluding non-recurring items, $0.12 better than the Capital IQ Consensus Estimate of $0.58; revenues rose 30.8% year/year to $2.76 bln vs the $2.59 bln consensus. "Consolidated adjusted property EBITDA in the first quarter of 2012 increased 43.0% to a record $1.07 billion, compared to $745.7 million in the year-ago quarter. In Macao, we generated significantly stronger…

Capital IQ Consensus Estimate; sees revs $873-895 mln vs $891.04 mln Capital IQ Consensus Estimate (101.84 -4.27)

NFLX Netflix prelim ($0.08) vs ($0.27) Capital IQ Consensus Estimate; revs $870 mln vs $866.72 mln Capital IQ Consensus Estimate

NFLX Netflix beats by $0.19, reports revs in-line; guides Q2 EPS above consensus, revs in-line (101.84…

4/19/12

SMF Notes HGSI BUY OUT LOW OFFER THE FIRST ROUND BIDDING WARS ARE COMING AND MARIO TIME MODEL IS WORKING

HGSI Human Genome trades above $14 pre-market after co announced earlier that it has received an unsolicited proposal from GlaxoSmithKline (GSK) to acquire HGSI for $13.00/share; Board believes $13 offer does not reflect value inherent in Company…

SMF Notes VMware Earnings Preview (111.53 +1.04)

VMware (VMW) is set to report Q1 results after the close with Capital IQ consensus sitting at EPS of $0.59 and revenues of $1.027 bln. In its Q4 earnings report it provided Q1 revenue guidance of $1.015-1.040 bln. On April 11 it updated this forecast by saying that it expected to 'broadly meet or exceed' that guidance. So a…

Biggest point gainers: TNH (281.76 +9.17), CYT (63.77 +6.28), CF (188.11 +6.26), CEO (202.39 +5.19), TSCO (97.31 +5.01), MTD (179.61 +5.00), WAB (75.87 +4.57), CWEI (78.42 +4.44), GOLD (89.71 +4.42), BIDU (150.40 +4.24), CMI (115.88 +4.07), CLF (70.48 +3.74), NEU (187.72 +3.73), BLK (201.52 +3.71), PXD (107.25 +3.61), WCC (64.70 +3.55), CNH (43.04 +3.52), HAYN (61.90 +3.52), CAT (105.26 +3.51), MCK (91.37 +3.47), AGP (66.29…

S&P futures +4.8 vs fair value. 10-year +1/32 to yield 2.04%. May WTI +$0.40 to $103.10.

Trading Higher:

JAG (Jaguar Mining) +5.6% -- Bloomberg reports Shandong Gold still "following the deal, company says no new developments

IRE (Bank of Ireland) +5.6%

TSCO (Tractor…

June S&Ps this morning are trading 10.40 points higher on Alcoa's profit, the decline in Spanish and Italian bond yields, and positive economic reports from China and Japan. The U.S. stock market on Tuesday sold-off sharply: Dow Jones -1.65%, S&P 500 -1.71%, Nasdaq Composite -1.83%. Bearish factors included (1) technical long liquidation pressure after this year's Q1 rally, (2) continued downward pressure from last Friday's weak U.S. March payroll report…

Overnight Developments

• European stock and commodity prices this morning are generally trading higher on a rebound after several…

Earnings reports (confirmed releases, sorted by mkt cap): SABA-Saba Software (BEST earnings consensus -$0.04).

Global Financial Calendar

Friday 4/6/12

United States

0830 ET Mar…

Overnight Developments

•Global stocks this morning are mixed with the Euro Stoxx 50 closed for Good Friday and Jun S&Ps up +2.70 points. Treasuries are weaker, the dollar index is little changed and U.S. stock futures are higher as the market awaits this morning's Mar U.S. non-farm payrolls data. Payrolls are seen gaining +205,000, the fourth consecutive month that payrolls surpassed the +200,000 mark, while…