August 2012 Blog Posts (9)

http://www.economicpolicyjournal.com/2012/08/why-ron-paul-will-not-speak-at-rnc.html

Overnight Developments

• Sep E-mini S&Ps this morning are…

Overnight Developments

• Sep E-mini S&Ps this morning are trading mildly lower by -0.30%, pressured by…

Top Points:

HD is set to report second quarter fiscal 2013 tomorrow before the market open followed by a conference call scheduled for 9:00 am ET. Capital IQ estimate calls for EPS of $0.98 and revs of $20.7 bln.

On June 19, co reaffirmed guidance for FY13 (Jan). Co sees EPS of $2.90 vs $2.93 Capital IQ Consensus Estimate; sees FY13 (Jan) revs of +4.6% YoY calculating to…

PCLN Priceline.com Earnings Preview (678.50 +13.38)

Priceline (PCLN) is set to post Q2 results after the close with Capital IQ consensus sitting at EPS of $7.37 on revenues of $1.355 bln. Reaction to earnings has been volatile as we saw BSFT and FOSL post big gains in reaction to slightly better than expected results (We even saw GMCR see solid gains on awful numbers). PCLN has been a volatile stock post-earnings…

Today's action was focused on the comments from European Central Bank President Mario Draghi. During his press conference, Mr. Draghi failed to announce new measures to help stem the European debt crisis. The S&P 500 quickly dropped to 1,360 and hovered around that level until the final hour of the session. During the final 60 minutes stocks were able to recover a portion of their losses, and the S&P 500 finished down 0.7%.…

U.S. motor vehicle sales slowed down in July as domestic sales fell from an upwardly revised 11.3 mln SAAR (from 11.1 mln SAAR) in June to 11.0 mln SAAR. The slight rise in gasoline prices over the month may have played a negative role in attracting sales. Domestic truck sales fell from 6.17 mln SAAR in June to 6.02 mln SAAR in July. Even after the pullback, that was the second strongest sales level since December 2011.…