BETWEEN THE HEDGES

Portfolio Manager's Commentary on Investing and Trading in the U.S. Financial Markets

Top Menu

  • Home
  • All Links
  • Morning Preview
  • Intraday Overview
  • Evening Review

Friday, February 20, 2015

Friday Watch

Posted by Gary .....at 12:04 AM
Evening Headlines 
Bloomberg: 
  • The Political Posturing Before the Euro Ministers Meeting. (video)
  • Greece-Europe `Proper' Deal Has 50% Chance: McCaughan. (video)
  • U.S. Anticipates Mosul Offensive With 20,000 Iraqi Troops. The U.S. and Iraq are planning a spring offensive to retake the city of Mosul that will require 20,000 to 25,000 Iraqi troops to defeat 1,000 to 2,000 Islamic State fighters, according to an official from U.S. Central Command. The main attack force of five Iraqi army brigades will need to be trained first by U.S. advisers, said the official, who spoke on condition of anonymity at a briefing Thursday to discuss military operations. The U.S. hasn’t ruled out delaying the offensive from a planned start in April or May if more time is required for training, most of which has yet to begin, the official said.   
  • Japan Stocks Climb as Oil Set for Weekly Loss With Gold. Japan’s Nikkei 225 Stock Average extended gains from a 15-year high. Oil headed for its first weekly loss in a month as record U.S. supplies reinforced concern over a glut, and nickel slipped. The Nikkei 225 added 0.3 percent by 12:25 p.m. in Tokyo, while the broader Topix index headed for a fifth straight weekly gain as the cost of insuring Japanese corporate debt held near a three-month low.  
  • Nickel Extends Decline From 12-Month Low as Surplus Seen Wider. Nickel fell for a second day, extending declines from the lowest close in a year, as data showed the metal’s global oversupply widened. Nickel was in a surplus of 12,700 metric tons in December, widening from 6,500 tons the previous month, according to International Nickel Study Group data released Friday. Supply outpaced demand last year by 94,300 tons, down 47 percent from a surplus of 178,000 tons in 2013. Goldman Sachs Group Inc. and Australia & New Zealand Banking Group Ltd. forecast prices will rise later this year once the market falls into deficit as global ore supplies tighten as a result of Indonesia’s ban last year on unprocessed minerals.
  • Apple(AAPL) Wants to Start Producing Cars as Soon as 2020. 
Wall Street Journal:
  • As Retreating Soldiers Pour In, Ukraine Town Fears Fighting Will Follow. Russia-backed rebels fled last summer, but now have Ukrainian troops on the run. Residents of this winemaking and salt-mining town thought they had seen the last of Russia-backed separatists last summer when Ukrainian forces drove them out with barely a shot fired. But after Ukrainian troops retreating from Debaltseve, some 25 miles southeast, flooded
  • Diet Experts Push More Plants, Less Meat in Nod to Environment. Nutrition panel also makes recommendations on coffee, cholesterol consumption. U.S. dietary guidelines, the government’s benchmark for balanced nutrition, have long advised Americans to eat dark, leafy greens. Now, there is another way the standards could be going green. A panel of nutrition experts recruited by the Obama administration to help craft the next.
  • YouTube to Release New App For Kids. Service will be introduced Monday at children’s entertainment industry conference. Already popular among teens, YouTube is releasing a new app for kids. The new app from Google Inc.’s online video service will run on smartphones and tablets and could feature original episodes of popular television shows for preschoolers as well as content from the many kid-safe channels already featured on YouTube.
  • Oil-Drop Pain Spreads to Saudi Arabia’s Energy Behemoth. Aramco looks for cut costs, asking oil-services providers for deals; pushing for a phone-bill discount. Saudi Arabia’s refusal late last year to rein in oil production helped trigger the price crash that has hurt oil-producing countries and publicly listed energy companies alike. And now even the kingdom’s own oil company is feeling the pain. 
  • An Administration Adrift on Denial. Why won’t the president think clearly about the nature of the Islamic State? Great essays tell big truths. A deeply reported piece in next month’s Atlantic magazine does precisely that, and in a way devastating to the Obama administration’s thinking on ISIS.
Fox News:
  • Rebel takeover of eastern Ukraine city raises questions about cease-fire, Putin’s intentions. (video) The Ukrainian military’s withdrawal from a key eastern city – leaving Russia-backed rebels to roam the streets in celebration – has raised questions about a newly struck cease-fire and Vladimir Putin’s ultimate intentions. The city of Debaltseve effectively fell to rebel fighters days after the cease-fire was signed last week with the heavy involvement of European leaders. That deal may have eased, for now, any consideration by the Obama administration of arming the Ukrainian military.
Zero Hedge:
  • How Many More "Saves" Are Left In The Central Bank Bazookas? (graph)
  • Meet IETA: Greece's "State Of The Art" Euro Printing Facility.
  • Meet The Bureaucrat Who Had The Courage To Tell The Truth (& Will Be Jobless Tomorrow).
  • Greece Update: Working Group Ends Without Result, However "Statement Drafted That May Be Basis For Compromise".
  • "Someone Has A Problem".
  • Turmoiling Markets Leave Stocks Red, Crude Green, Greeks Blue. (graph)
  • Greek Deposit Run Accelerates Ahead Of Monday's Bank Holiday.
  • "We're Gonna Need A 4th Arrow" Japanese Manufacturing PMI Misses, Slips To 7 Month Lows. (graph)
  • The Global Death Cross Just Got "Deathier". (graph)
  • Goldman's(GS) Best Single Idea For Hedging "Grexit" Risk. (graph)
Business Insider:
  • Turkey 'created a monster and doesn’t know how to deal with it'.
  • The US anti-ISIS strategy in a crucial Iraqi province is not working.
  • How US and British spies were able to eavesdrop on millions of cell phones.
  • Report: The State Department has a hacker problem.
  • Wall Street's brightest minds reveal the most important charts in the world.
  • The 'connected car' is creating a massive new business opportunity for auto, tech, and telecom companies.
  • Greece's finance minister tweeted out an op-ed titled 'Greece Should Not Give In To Germany's Bullying'.
Reuters: 
  • Los Angeles hospital warns 179 patients possibly exposed to 'superbug'. A large Los Angeles teaching hospital has told scores of patients they may have been exposed to a drug-resistant bacterial "superbug" during endoscopy procedures that infected seven patients and contributed to two deaths.
  • Nordstrom(JWN) profit falls due to higher investments, discounts. Upscale department store operator Nordstrom Inc reported a lower-than-expected quarterly profit as it spent more on technology upgrades and store expansion, and increased discounts at its Rack brand stores in the holiday shopping season. The company, which bought Chicago-based Trunk Club in August to gain market share in men's' clothing and to boost its online business, also forecast 2015 profit of $3.65 to $3.80 per share and sales growth of 7 to 9 percent.
  • Noodles & Co's(NDLS) 2015 adjusted profit forecast misses estimates. Fast-casual restaurant chain operator Noodles & Co forecast 2015 adjusted profit that missed analysts' estimates, sending its shares down 25 percent in after-market trading. The company said it expected 2015 adjusted profit to rise about 20 percent, implying a profit of 46 cents per share.
Telegraph:
  • Greece defiant as Germany tears up last-ditch EMU compromise on austerity. 'There is no macro-economic argument for further fiscal tightening. The only reason for doing so is on punitive grounds,' says Greece's Yanis Varoufakis.
Evening Recommendations 
  • None of note
Night Trading
  • Asian equity indices are -.50% to +.50% on average.
  • Asia Ex-Japan Investment Grade CDS Index 103.5 +.25 basis point.
  • Asia Pacific Sovereign CDS Index 65.25 -.5 basis point.
  • S&P 500 futures -.05%.
  • NASDAQ 100 futures +.02%.
Morning Preview Links

Earnings of Note

Company/Estimate
  • (B)/.61
  • (COG)/.22
  • (DE)/.82
  • (LH)/1.64
  • (WLH)/.52
Economic Releases
9:45 am EST
  • Preliminary February Markit US Manufacturing PMI is estimated to fall to 53.6 versus 53.9 in January.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone PMI report could also impact trading today.
BOTTOM LINE: Asian indices are mostly higher, boosted by consumer and industrial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.

No comments:

Post a Comment

Newer Post Older Post Home
Subscribe to: Post Comments (Atom)

Follow BETWEEN THE HEDGES on Twitter

Follow @BtweenTheHedges

Subscribe To BETWEEN THE HEDGES

Posts
Atom
Posts
Comments
Atom
Comments

Search BETWEEN THE HEDGES

Google
Custom Search

Search the Web with DuckDuckGo

Search the Web with Google

Futures

Track all markets on TradingView

Today's Economic Calender

Real Time Economic Calendar provided by Investing.com.
A Twitter List by BtweenTheHedges

NEWSMAX Live

BETWEEN THE HEDGES Recent Visitor Map

BTH Page Views/Month

BTH Unique Visitors Since February 1, 2004

Breaking911 Alerts

Tweets by Breaking911

All Links - By Category

  • Global News
  • U.S. News
  • Video News
  • Terrorism/War
  • Media/Political Watchdogs
  • Financial News
  • Financial Portals
  • Financial Commentary
  • I-Banks
  • Economic Portals
  • Economic Commentary
  • Central Bank Notes
  • Market Readings
  • Trader's Corner
  • Calendars/Schedules
  • Sentiment/Indicators
  • Commodities/Futures
  • Trading Portals
  • Sector Work
  • Trade Journals/Publications
  • Screens and Scans
  • Quotes
  • Stock-Specific Research
  • Charts of Interest
  • Hedge Fund Information
  • Sites of Interest
  • Blogs of Note

Blog Archive

  • ►  2025 (535)
    • ►  May (93)
    • ►  April (115)
    • ►  March (104)
    • ►  February (111)
    • ►  January (112)
  • ►  2024 (1320)
    • ►  December (115)
    • ►  November (97)
    • ►  October (117)
    • ►  September (112)
    • ►  August (88)
    • ►  July (88)
    • ►  June (100)
    • ►  May (118)
    • ►  April (120)
    • ►  March (108)
    • ►  February (121)
    • ►  January (136)
  • ►  2023 (1380)
    • ►  December (124)
    • ►  November (113)
    • ►  October (141)
    • ►  September (130)
    • ►  August (96)
    • ►  July (81)
    • ►  June (87)
    • ►  May (140)
    • ►  April (127)
    • ►  March (123)
    • ►  February (121)
    • ►  January (97)
  • ►  2022 (1108)
    • ►  December (84)
    • ►  November (93)
    • ►  October (93)
    • ►  September (97)
    • ►  August (93)
    • ►  July (91)
    • ►  June (85)
    • ►  May (91)
    • ►  April (94)
    • ►  March (87)
    • ►  February (97)
    • ►  January (103)
  • ►  2021 (1153)
    • ►  December (100)
    • ►  November (99)
    • ►  October (113)
    • ►  September (111)
    • ►  August (94)
    • ►  July (96)
    • ►  June (79)
    • ►  May (98)
    • ►  April (96)
    • ►  March (78)
    • ►  February (91)
    • ►  January (98)
  • ►  2020 (1262)
    • ►  December (115)
    • ►  November (103)
    • ►  October (106)
    • ►  September (109)
    • ►  August (113)
    • ►  July (101)
    • ►  June (105)
    • ►  May (115)
    • ►  April (104)
    • ►  March (85)
    • ►  February (91)
    • ►  January (115)
  • ►  2019 (1264)
    • ►  December (114)
    • ►  November (90)
    • ►  October (116)
    • ►  September (107)
    • ►  August (101)
    • ►  July (106)
    • ►  June (87)
    • ►  May (116)
    • ►  April (103)
    • ►  March (105)
    • ►  February (104)
    • ►  January (115)
  • ►  2018 (1337)
    • ►  December (90)
    • ►  November (93)
    • ►  October (124)
    • ►  September (108)
    • ►  August (124)
    • ►  July (93)
    • ►  June (112)
    • ►  May (117)
    • ►  April (112)
    • ►  March (118)
    • ►  February (118)
    • ►  January (128)
  • ►  2017 (1503)
    • ►  December (115)
    • ►  November (120)
    • ►  October (125)
    • ►  September (116)
    • ►  August (132)
    • ►  July (113)
    • ►  June (139)
    • ►  May (132)
    • ►  April (119)
    • ►  March (140)
    • ►  February (120)
    • ►  January (132)
  • ►  2016 (1521)
    • ►  December (119)
    • ►  November (124)
    • ►  October (117)
    • ►  September (125)
    • ►  August (140)
    • ►  July (116)
    • ►  June (137)
    • ►  May (131)
    • ►  April (125)
    • ►  March (145)
    • ►  February (128)
    • ►  January (114)
  • ▼  2015 (1552)
    • ►  December (131)
    • ►  November (128)
    • ►  October (140)
    • ►  September (141)
    • ►  August (139)
    • ►  July (145)
    • ►  June (138)
    • ►  May (136)
    • ►  April (131)
    • ►  March (120)
    • ▼  February (99)
      • Market Week in Review
      • Weekly Scoreboard*
      • Stocks Reversing Slightly Lower into Final Hour on...
      • Today's Headlines
      • Bear Radar
      • Bull Radar
      • Friday Watch
      • Stocks Lower into Final Hour on Earnings Concerns,...
      • Today's Headlines
      • Bear Radar
      • Bull Radar
      • Thursday Watch
      • Stocks Reversing Slightly Lower into Final Hour on...
      • Bear Radar
      • Bull Radar
      • Stocks Rising into Final Hour on Dovish Fed Commen...
      • Today's Headlines
      • Bear Radar
      • Bull Radar
      • Tuesday Watch
      • Stocks Lower into Final Hour on Escalating Russia/...
      • Bear Radar
      • Bull Radar
      • Monday Watch
      • Weekly Outlook
      • Matrket Week in Review
      • Stocks Surging into Final Hour on Less Eurozone De...
      • Bear Radar
      • Bull Radar
      • Friday Watch
      • Stocks Slightly Lower into Final Hour on Greece Wo...
      • Today's Headlines
      • Bear Radar
      • Bull Radar
      • Thursday Watch
      • Stocks Slightly Lower into Final Hour on Russia/Uk...
      • Today's Headlines
      • Bear Radar
      • Bull Radar
      • Wednesday Watch
      • Stocks Slightly Higher into Afternoon on Greece De...
      • Bear Radar
      • Bull Radar
      • Tuesday Watch
      • Weekly Outlook
      • Market Week in Review
      • Weekly Scoreboard*
      • Stocks Slightly Higher into Final Hour on Less Eur...
      • Today's Headlines
      • Bear Radar
      • Bull Radar
      • Friday Watch
      • Stocks Rising into Afternoon on Diminished Russia/...
      • Bear Radar
      • Bull Radar
      • Thursday Watch
      • Stocks Reversing Higher into Final Hour on Diminis...
      • Today's Headlines
      • Bear Radar
      • Bull Radar
      • Wednesday Watch
      • Stocks Rising into Final Hour on Less Eurozone Deb...
      • Today's Headlines
      • Bear Radar
      • Bull Radar
      • Tuesday Watch
      • Stocks Falling into Final Hour on Surging Eurozone...
      • Today's Headlines
      • Bear Radar
      • Bull Radar
      • Monday Watch
      • Weekly Outlook
      • Market Week in Review
      • Stocks Reversing Lower into Final Hour on Rising E...
      • Today's Headlines
      • Bear Radar
      • Bull Radar
      • Friday Watch
      • Stocks Rising into Final Hour on Oil Bounce, Less ...
      • Today's Headlines
      • Bear Radar
      • Bull Radar
      • Thursday Watch
      • Stocks Slightly Lower into Final Hour on Global Gr...
      • Today's Headlnes
      • Bear Radar
      • Bull Radar
      • Wednesday Watch
      • Stocks Surging into Final Hour on Less Eurozone/Em...
      • Today's Headlines
      • Bear Radar
      • Bull Radar
      • Tuesday Watch
      • Stocks Higher into Final Hour on Oil Bounce, Short...
      • Today's Headlines
      • Bear Radar
      • Bull Radar
      • Monday Watch
      • Weekly Outlook
    • ►  January (104)
  • ►  2014 (1332)
    • ►  December (109)
    • ►  November (101)
    • ►  October (118)
    • ►  September (113)
    • ►  August (110)
    • ►  July (111)
    • ►  June (103)
    • ►  May (116)
    • ►  April (114)
    • ►  March (112)
    • ►  February (106)
    • ►  January (119)
  • ►  2013 (1360)
    • ►  December (112)
    • ►  November (110)
    • ►  October (121)
    • ►  September (106)
    • ►  August (114)
    • ►  July (116)
    • ►  June (108)
    • ►  May (122)
    • ►  April (120)
    • ►  March (110)
    • ►  February (104)
    • ►  January (117)
  • ►  2012 (1321)
    • ►  December (87)
    • ►  November (111)
    • ►  October (117)
    • ►  September (107)
    • ►  August (121)
    • ►  July (114)
    • ►  June (111)
    • ►  May (106)
    • ►  April (112)
    • ►  March (121)
    • ►  February (109)
    • ►  January (105)
  • ►  2011 (1360)
    • ►  December (111)
    • ►  November (113)
    • ►  October (115)
    • ►  September (115)
    • ►  August (118)
    • ►  July (107)
    • ►  June (122)
    • ►  May (105)
    • ►  April (111)
    • ►  March (123)
    • ►  February (107)
    • ►  January (113)
  • ►  2010 (1496)
    • ►  December (119)
    • ►  November (111)
    • ►  October (116)
    • ►  September (107)
    • ►  August (116)
    • ►  July (116)
    • ►  June (116)
    • ►  May (107)
    • ►  April (117)
    • ►  March (176)
    • ►  February (148)
    • ►  January (147)
  • ►  2009 (1863)
    • ►  December (159)
    • ►  November (151)
    • ►  October (165)
    • ►  September (156)
    • ►  August (161)
    • ►  July (166)
    • ►  June (162)
    • ►  May (133)
    • ►  April (154)
    • ►  March (165)
    • ►  February (137)
    • ►  January (154)
  • ►  2008 (2002)
    • ►  December (158)
    • ►  November (139)
    • ►  October (161)
    • ►  September (164)
    • ►  August (181)
    • ►  July (172)
    • ►  June (173)
    • ►  May (160)
    • ►  April (194)
    • ►  March (165)
    • ►  February (166)
    • ►  January (169)
  • ►  2007 (1586)
    • ►  December (172)
    • ►  November (111)
    • ►  October (143)
    • ►  September (118)
    • ►  August (137)
    • ►  July (129)
    • ►  June (126)
    • ►  May (139)
    • ►  April (123)
    • ►  March (138)
    • ►  February (122)
    • ►  January (128)
  • ►  2006 (1516)
    • ►  December (116)
    • ►  November (121)
    • ►  October (143)
    • ►  September (126)
    • ►  August (140)
    • ►  July (132)
    • ►  June (128)
    • ►  May (127)
    • ►  April (117)
    • ►  March (129)
    • ►  February (112)
    • ►  January (125)
  • ►  2005 (1483)
    • ►  December (134)
    • ►  November (133)
    • ►  October (130)
    • ►  September (136)
    • ►  August (146)
    • ►  July (129)
    • ►  June (140)
    • ►  May (129)
    • ►  April (154)
    • ►  March (107)
    • ►  February (71)
    • ►  January (74)
  • ►  2004 (879)
    • ►  December (76)
    • ►  November (66)
    • ►  October (83)
    • ►  September (79)
    • ►  August (83)
    • ►  July (80)
    • ►  June (79)
    • ►  May (84)
    • ►  April (83)
    • ►  March (89)
    • ►  February (75)
    • ►  January (2)
  • ►  1990 (1)
    • ►  June (1)
This page is   powered by Blogger. Isn't yours?

All Rights Reserved © 2004-2025, BETWEEN THE HEDGES

The positions and strategies discussed on BETWEEN THE HEDGES are offered for entertainment purposes only and are in no way intended to serve as personal investing advice. Readers should not make any investment decision without first conducting their own thorough due diligence. Readers should assume the editor of this blog holds a position in any securities discussed, recommended or panned. While the information provided is obtained from sources believed to be reliable, its accuracy or completeness cannot be guaranteed, nor can this publication be, in anyway, considered liable for the investment performance of any securities or strategies discussed.

Powered by Blogger.