Style Outperformer:
Sector Outperformers:
- Homebuilders +3.90% 2) Road & Rail +2.07% 3) Oil Tankers +1.98%
Stocks Rising on Unusual Volume:
- GTN, BBEP, ALK, TV, VSTM, FDX, YY, AWAY, AMAT, ETE, TCK, LINE, BKS, DHI, FSL, PBH, FDX, ZOLT, KBH, IRF, LEN, NFLX, XONE and QCOR
Stocks With Unusual Call Option Activity:
- 1) FDX 2) XLNX 3) ISRG 4) SVU 5) RPRX
Stocks With Most Positive News Mentions:
- 1) KLAC 2) PG 3) ED 4) HTSI 5) IP
Charts:
Evening Headlines
Bloomberg:
- Best-Ranked Bank OCBC Cautions on China Crunch: Southeast Asia. Oversea-Chinese
Banking Corp. (OCBC), Southeast Asia’s second-largest lender, says
banks doing business in China will have to be more prudent with
liquidity to weather any future crises. The credit crunch that started
in mid-June is temporary and caught some lenders by surprise, OCBC Chief
Executive Officer Samuel N. Tsien, 58, said in a Bloomberg Television
interview with Haslinda Amin in Singapore yesterday. A money-market
liquidity squeeze in China will probably cut the country’s credit growth
by about 750 billion yuan ($122 billion) as its central bank continues
to crack down on excessive lending, a Bloomberg survey shows. Tsien has
focused on expansion in China, Taiwan and Hong Kong to offset waning
profitability in the lender’s home market of Singapore. In China, “liquidity is something that cannot be counted on for certain,”
said Tsien, who heads Asia’s strongest bank, according to rankings
compiled by Bloomberg Markets in May. “You have to be prepared to have
adequate liquidity to fund your assets.”
- Morgan Stanley Favors Credit-Default Swaps to Hedge China Slump. Investors concerned about a sudden slowdown in China should
buy sovereign credit-default swaps and currency options, according to
Morgan Stanley. The U.S. investment bank prefers default swaps and puts,
particularly on the yuan and Taiwanese dollar, to protect against a scenario in which growth in the world's second-biggest economy slumps to 5.5%
as the central bank tightens lending to local governments and property
developers, it said in a research note dated yesterday. Markets are
pricing in a 10% chance of this happening in the next 12 months, the lender wrote. The cost of insuring China's debt from non-payment soared 56.2 basis points this year to 122.5 yesterday, the second-biggest gain in a
CMA gauge of 40 investment-grade issuers in Asia outside Japan, as
policy makers instigated the worst cash crunch in a decade in an attempt to control lending.
- Japan Says China Trying to Change Status Quo in Region by Force. China is trying to change the
regional status quo by force, based on claims that contradict
international law, Japan said in the first defense white paper
to be published under Prime Minister Shinzo Abe’s government. “In cases where China’s interests conflict with those of
neighboring countries, including Japan, it has taken measures
that have been called high-handed, including trying to change
the status quo by force,” the Defense Ministry said in its
annual report released today on Japan’s security situation.
- Rupee Plunge Spurs State Bank to Increase Rates: Corporate India. State Bank of India, the nation’s largest lender, will raise interest rates for overseas credit to protect its profit as the rupee’s plunge to a record raises the risk of borrowers defaulting on their loans. The state-owned bank will increase lending rates to cover
the probability of rising bad loans from unhedged currency
exposure and higher foreign-currency yields, said Managing
Director Hemant Contractor, who heads the lender’s international
operations. Overseas loans accounted for more than 16 percent of
State Bank’s 10.8 trillion-rupee ($177 billion) loan book as of
March 31, exchange filings show.
- China Stocks Swing Between Gains and Losses After Inflation Data.
China’s stocks swung between gains and losses after the release of June
inflation data. Property and consumer-staples companies fell, while
cement companies advanced. Poly Real Estate Group Co., the nation’s
second-biggest developer, slumped for the first time in four days.
Kweichow Moutai Co., China’s biggest liquor maker by market value, slid
0.9 percent after Credit Suisse Group AG cut its rating on the nation’s
consumer-staples producers. Jiangxi Wannianqing Cement Co. jumped the
most this year after estimating first-half profit probably more than
doubled from a year earlier. The Shanghai Composite Index slipped 0.2 percent to
1,954.03 at 10:48 a.m. local time, after plunging 2.4 percent
yesterday.
- Asian Stocks Advance on Earnings Outlook as Gas Declines.
Asian stocks rebounded from the biggest slump in the regional benchmark
in two weeks, and regional credit risk declined after Alcoa Inc.
started the U.S. earnings season with results that beat analysts’
estimates. The
Dollar Index rose with gold, while industrial metals fell. The MSCI Asia Pacific Index climbed 1.1 percent by 11:05 a.m. in Tokyo. Standard & Poor’s 500 Index futures increased 0.3
percent.
- What’s Good for U.S.-China-Japan Leaves Emerging Markets Losers. What’s good for the global economy’s
superpowers risks creating losers in other parts of the world. Signs that the Federal Reserve is preparing to curtail its
stimulus are boosting interest rates abroad as well as in the
U.S. The strictest credit squeeze in China in at least a decade
threatens to erode a pillar of international growth. Japan’s
reflation push is lifting the exchange rates of trade rivals and
luring capital. While the transitions could mean slower growth in the U.S.
and China, they ultimately prime the three biggest economies for
less volatile and longer-lasting expansions. Losers for now
include the emerging markets and commodity producers previously
buoyed by easy U.S. monetary policy and Chinese demand.
Economies that still need cheap cash or weaker currencies,
including the euro area, also could suffer.
- Pimco Shuns Korea to Turkey Covered Debt on Liquidity. Bankers attempting to sell covered bonds around the world are hitting a
roadblock as investors including Pacific Investment Management Co. say
difficulty trading debt from fledgling markets is driving them away.
- Rubber Recovers From One-Week Low as Weak Yen Boosts Appeal. Rubber rebounded from the lowest
level in a week as Japan’s currency weakened below 101 per dollar, raising the appeal of yen-denominated futures. Rubber for delivery in December added as much as 0.4
percent to 241 yen a kilogram ($2,383 a metric ton) and was at
240.3 yen on the Tokyo Commodity Exchange at 12:11 p.m. Futures
slid to 237 yen earlier, the lowest level for a most-active
contract since July 1.
- Citigroup(C) to BTG at Risk of Losses on Batista, Moody’s Says. Citigroup Inc.’s Brazil unit and
Grupo BTG Pactual (BBTG11) are among banks that may face “sizable”
losses if companies controlled by Brazilian billionaire Eike Batista default, Moody’s Investors Service said. Citigroup’s loans and other risks linked to Batista’s
faltering commodities companies total 206 million reais ($91
million), or 42 percent of the profit generated by the New York-based bank’s Brazil unit for last year, Moody’s said today in a
report. At Sao Paulo-based BTG, the exposure is 649 million
reais, or 32 percent of profit.
- U.S. Said to Mull Two Separate Leverage Ratios for Banking Firms. U.S. regulators may set two separate
capital standards for the largest banks, one for parent
companies and another for their government-backed lending units,
said a person with knowledge of the matter. One leverage ratio would set capital at 6 percent of assets
and the other would be 5 percent under the joint proposal
scheduled to be published tomorrow by the Federal Reserve, the
Federal Deposit Insurance Corp. and the Office of the
Comptroller of the Currency, the person said.
Wall Street Journal:
- Central Bankers Hone Tools to Pop Bubbles. Central
bankers around the world are searching for ways to halt borrowing
binges before they morph into bubbles, and to push lenders to shore up
their defenses before the next crisis arrives. In Seoul’s upscale
Gangnam neighborhood, made famous by pop star
Psy’s viral music video, government curbs on real-estate lending froze a
market in which home prices had been rising as fast as 25% a year. In
Toronto, housing prices reversed their rapid rise and fell for
five months after the government changed rules to effectively increase
monthly payments on new loans. But in Tel Aviv, home prices kept right
on climbing—up 11% over the
past year for a three-bedroom apartment—even after the central bank
boosted minimum down payments and made mortgage lending less attractive
to banks. Central bankers everywhere else are watching these experiments
closely, among them Ben Bernanke, chairman of the U.S. Federal Reserve.
- Michael McConnell: Obama Suspends the Law. Like King James II, the president decides not to enforce laws he doesn't like. That's an abuse of power. President Obama's decision last week to suspend the employer mandate of
the Affordable Care Act may be welcome relief to businesses affected by
this provision, but it raises grave concerns about his understanding of
the role of the executive in our system of government.
Fox News:
- The cost of subsidies for those seeking government aid through ObamaCare has increased dramatically, critics say. The cost of subsidies for those seeking government aid through
ObamaCare has increased dramatically, critics say – even before a single
dollar has been collected. Republican Sen. Orrin Hatch of Utah wrote a letter to the
administration asking why the president is already requesting 107
percent more than three years ago to pay for subsidies. "They low-balled everything, and they knew they were not asking for
enough money to actually do this," John Goodman of the National Center
for Policy Analysis said. "And so now they are coming along saying: 'Oh,
we've just discovered we don't have enough money'. They should’ve
known that from day one." "I don’t think most of America will be shocked that a government
project is coming in over budget," Jim Capretta of the American
Enterprise Institute said. "It’s the typical story and so yeah it's
probably happening in this case as well."
CNBC:
Zero Hedge:
Business Insider:
New York Times:
- U.S. Considers Faster Pullout In Afghanistan. Increasingly frustrated by his dealings with President Hamid Karzai,
President Obama is giving serious consideration to speeding up the
withdrawal of United States forces from Afghanistan and to a “zero
option” that would leave no American troops there after next year,
according to American and European officials.
Reuters:
- China inflation picks up, limits room for policy easing. China's
annual consumer inflation accelerated
more than expected in June as food costs soared, data showed on Tuesday,
limiting room for the People's Bank of China to loosen policy to
underpin the slowing economy. The central bank is seen keeping policy
largely neutral in the near term to balance the need to keep the world's
second-largest economy on an even keel while warding off consumer
inflation as well as possible property bubbles, analysts say. "The price pressure for food items came back a little bit. It will be more difficult for them to ease policy, especially to
cut interest rates," said Kevin Lai, an economist at Daiwa in
Hong Kong. "It reduces the likelihood of interest rate cuts this year
and that is not a good policy background to have. But I think
inflation will ease by the end of the year as demand won't be
strong."
- Intuitive Surgical(ISRG) sees Q2 revenue below views, shares dive 12 pct. Intuitive
Surgical Inc, maker of the da Vinci surgical robot, said on Monday it
expects second-quarter revenue below analysts' expectations, and its
shares fell 12 percent in after-hours trading. The company said it expects revenue for the quarter of about
$575 million, up 7 percent from a year ago but well below the
average analyst forecast of $629.6 million reported by Thomson
Reuters I/B/E/S.
- U.S. hospitals speed transition to digital records -study. U.S. hospitals are making major strides
in switching to electronic health records from paper, driven by
an infusion of federal funding for the nationwide effort,
according to a report by the Robert Wood Johnson Foundation. The
number of hospitals with a basic electronic health records system in
place jumped to 44 percent in 2012, up 17 percentage points from 2011.
Hospitals that have gone digital have tripled since 2010, when
healthcare providers began receiving federal funds to finance the
change, the report found.
- Hedge funds in June post first decline of the year.
Hedge funds recorded their first monthly loss in eight months in June,
as they battled volatile stock and bond markets, according to data
published on Monday by industry tracker Hedge Fund Research. On
average, hedge funds lost 1.3 percent last month, while the broader
S&P 500 stock index fell about 1.7 percent. The decline came after
seven months of gains, which had been the longest run of positive
performance since 2011 for the $2.25
trillion hedge fund industry. Hedge funds have gained 3.6 percent for the year, trailing
the Standard & Poor's 500, which rose 12.6 percent during the
first half of 2013.
Telegraph:
The Standard:
- Beijing seen ready to bear debt. Beijing is likely to shoulder local government
debt if there is any default, according to an official at one of China's
most influential think-tanks. Gao Peiyong, a senior official at the Chinese Academy of Social Science, was speaking to a forum in Beijing on Sunday. Gao
estimated local government debt is likely to have exceeded 10 trillion
yuan (HK$12.6 trillion). The International Monetary Fund has warned
China's local government
debt has doubled from 2010 and may now reach 20 trillion yuan - which is
more than 50 percent of its gross domestic product.
Economic Information Daily:
- China
to Use Financial Policies to Curb Overcapacity. China will implement
"strict" financial policies to curb overcapacity. People's Bank of China
and China Banking Regulatory Commission will "strictly" check
applications for financing by companies that are high energy consumers
or heavy polluters, citing a person from PBOC's monetary policy dept. as
saying. National Development and Reform Commission and the Ministry of
Industry and Information Technology will also coordinate to speed up the
process of phasing out outdated capacity.
Evening Recommendations
Piper Jaffray:
- Rated (WDC) Overweight, target $77.
Night Trading
- Asian equity indices are +.25% to +1.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 158.0 +1.0 basis point.
- Asia Pacific Sovereign CDS Index 117.25 +3.25 basis points.
- NASDAQ 100 futures +.32%.
Morning Preview Links
Earnings of Note
Company/Estimate
Economic Releases
7:30 am EST
- The NFIB Small Business Optimism Index for June is estimated to rise to 94.9 versus 94.4 in May.
10:00 am EST
- JOLTs Job Opening for May are estimated to rise to 3800 versus 3757 in April.
Upcoming Splits
Other Potential Market Movers
- The
BoJ Minutes, Germany PPI data, UK gdp report, Greece T-Bill auction, 3Y
T-Note auction, weekly retail sales reports, Semicon West Conference,
(BBRY) shareholder meeting, (GIS) Investor Day, (DHR) analyst meeting,
(KLAC) analyst briefing and the (LRCX) analyst briefing could also
impact trading today.
BOTTOM LINE: Asian
indices are mostly higher, boosted by automaker and technology
shares in the region. I expect US stocks to open modestly higher
and to weaken into the afternoon, finishing mixed. The Portfolio is 50% net long heading into the day.
Broad Equity Market Tone:
- Advance/Decline Line: Slightly Higher
- Sector Performance: Most Sectors Rising
- Market Leading Stocks: Underperforming
Equity Investor Angst:
- Volatility(VIX) 14.82 -.47%
- Euro/Yen Carry Return Index 135.51 +.08%
- Emerging Markets Currency Volatility(VXY) 10.82 -1.01%
- S&P 500 Implied Correlation 52.57 -.30%
- ISE Sentiment Index 87.0 -10.31%
- Total Put/Call 1.03 +9.57%
Credit Investor Angst:
- North American Investment Grade CDS Index 83.59 -3.44%
- European Financial Sector CDS Index 160.44 -3.01%
- Western Europe Sovereign Debt CDS Index 96.0 unch.
- Emerging Market CDS Index 339.58 -2.04%
- 2-Year Swap Spread 17.25 -.5 bp
- 3-Month EUR/USD Cross-Currency Basis Swap -10.5 +.5 bp
Economic Gauges:
- 3-Month T-Bill Yield .04% unch.
- China Import Iron Ore Spot $121.90/Metric Tonne -.57%
- Citi US Economic Surprise Index -12.10 +1.9 points
- Citi Emerging Markets Economic Surprise Index -31.40 +2.9 points
- 10-Year TIPS Spread 2.08 +1 bp
Overseas Futures:
- Nikkei Futures: Indicating +215 open in Japan
- DAX Futures: Indicating +4 open in Germany
Portfolio:
- Slightly Higher: On gains in my medical and retail sector longs
- Disclosed Trades: Added to my (IWM)/(QQQ) hedges and then covered some of them
- Market Exposure: 50% Net Long
Bloomberg:
- German Industrial Production Decreased in May. German
industrial production (GRIPIMOM) dropped more than economists predicted
in May, adding to signs that Europe’s sovereign debt crisis is
weakening a recovery in the region’s largest economy. Production fell 1
percent from April, when it gained a revised 2 percent, the Economy Ministry in Berlin said today. That’s the first decline since January. Economists forecast a drop of 0.5 percent, according to the median of 38 estimates in a Bloomberg News survey. From a year earlier, production decreased 1 percent when adjusted for working days. German exports unexpectedly fell in May, the Federal
Statistics Office said today, and factory orders dropped for a
second month as the 17-nation euro region struggles to emerge
from the longest recession since the introduction of the single
currency in 1999. German manufacturing output fell 0.7 percent in May, with
production of investment goods down 2.3 percent, today’s report
showed. Construction slumped 2.6 percent, while energy output
dropped 1.5 percent.
- European Stocks Rise as Portugal Reaches Coalition Deal.
European stocks rose, rebounding from their biggest decline in almost
two weeks, amid speculation that economic data will improve and as
Portugal’s politicians reached an agreement to hold the governing
coalition together. The Stoxx Europe 600 Index added 1.4 percent to 292.37 at
the close.
- China’s Ordos Struggles to Repay Debt: Xinhua Magazine. A Chinese city known for its empty
skyscrapers is struggling to repay debt and has resorted to
borrowing from companies to pay workers, a magazine published by
the official Xinhua News Agency reported. Some district governments
of Ordos, Inner Mongolia, had to borrow money from companies to pay
salaries of municipal employees, Economy & Nation Weekly said in a
July 5 report on its website. Ordos local-government entities have
amassed 240 billion yuan ($39 billion) of debt, while the city had 37.5
billion yuan of revenue last year, the publication said without
specifying annual interest costs.
- Paulson’s PFR Gold Fund Fell 23% in June, 65% This Year. John Paulson, the billionaire hedge-fund manager seeking to rebound from losses tied to bullion,
posted a 23 percent decline in his PFR Gold Fund last month,
according to a letter to investors.
The drop brings losses in the strategy, formerly known as
the Paulson Gold Fund, to 65 percent since the start of the
year, the firm said in the July 3 letter, a copy of which was
obtained by Bloomberg News.
Wall Street Journal:
Fox News:
CNBC:
- Rising Mortgage Rates Swing Housing Sentiment. Just as America's homeowners were finally coming up for air, they
are suddenly turning more negative on the housing market. Fewer people
think now is a good time to buy or to sell a house, according to a
monthly survey in June from Fannie Mae. Those numbers had just
hit a survey high in May, thanks to rising home prices and record low mortgage rates. Now mortgage rates have soared well over a full
percentage point in the past two months, and 57 percent of respondents
to the survey expect them to go even higher. That's the highest level in
the survey's three-year history.
Zero Hedge:
- Europe's Cleanest Dirty Shirt Sees Exports Collapse & Production Plunge. (graphs) Just when the jawboning from Europe is reaching its climax that Portugal
is fixed again, Greece is fixed, and the core is showing green shoots
from the near-depression, Germany (the corest of the core)
comes out with its worst exports data since 2009. While imports remained
stable - suggesting domestic demand is sustained for now - YoY export growth collapsed 3.2%, the worst tumble since November 2009 "illustrating that Germany's economy still has difficulties shifting into higher gear."
Business Insider:
New York Times:
- In Brazil, a Reminder of Emerging-Market Risks.
THE protests in Brazil last month were the latest vivid reminder of the
perils of investing in emerging markets. Tens of thousands of
demonstrators thronged the streets of São Paulo, Rio de Janeiro and
other cities, incited partly by
a rising cost of living and a slowing economy. Cars burned. Tear gas
billowed. And the Brazilian stock market sank.
ValueWalk:
Reuters:
- China govt agencies told to cut expenditures by 5% this year. China's
Finance Ministry has told central government agencies to cut
expenditures by 5 per cent this year, a move the official Xinhua news
agency said was part of an austerity campaign launched by the country's
new leaders. A ministry circular ordered spending cuts in a range of areas,
including the building and renovation of government offices, meetings,
domestic and overseas trips, vehicles and official receptions, Xinhua
reported on Sunday. The planned cuts come at a time when China is facing potentially its worst economic downturn in at least 14 years. Analysts say the economy is backsliding into another downturn but top
leaders are reluctant to take policy steps to stimulate growth.
- Mexico's auto output, exports fall in June -AMIA. Mexico's auto production and
exports both fell slightly in June from a year earlier, the
Mexican Auto Industry Association said on Monday.
Automobile output for the month dropped 0.8 percent to
266,351 vehicles, while exports slid 1.5 percent to 225,753,
AMIA said. Cars are a key component of Mexico's manufacturing sector.
June shipments to Latin America were down 15.5 percent to
26,342 vehicles, while exports to the United States edged up by
1 percent to 151,803.
- Russian car sales slide 11 pct in June - AEB.
Sales of cars in Russia fell for the fourth straight month, down 11
percent year-on-year in June, the Association of European Businesses
(AEB) said on Monday. Car sales have been sliding as Russia's $2
trillion economy has faltered, causing the AEB to recently slash its
forecast for
the full year to a fall of 5 percent.
CNN:
- Death toll rises in clashes Monday in Egypt. Top
Egyptian security officials defended army and police actions in
the clashes Monday in Cairo that led to the deaths of more than 50
people, saying they were defending the Republican Guard headquarters
against attackers. Health Ministry official Khaled al-Khatib put the
number of fatalities at 51 and said 435 others were wounded when
Egyptian security forces clashed with supporters of deposed President
Mohamed Morsy and the Muslim Brotherhood outside the headquarters.
Witnesses said the military and police fired as protesters took a break
from holding a
vigil at the Republican Guard headquarters to perform their dawn
prayers. Morsy was reportedly detained in the building after his arrest
Wednesday.
Financial Times:
- Markets Insight: China faces a difficult credit bubble workout. Markets Insight: China faces a difficult credit bubble workout. The
financial shock which has recently hit the emerging markets stemmed in
part from a period of severe stress in the Chinese money markets, which
has now been brought under control. But the challenges facing China
are chronic, not acute. And since the country is much more than “first
among equals” in the Brics, a prolonged slowdown in its economy would
keep all emerging market assets under pressure for a long while.
Telegraph:
- German exports suffer amid eurozone weakness. German exports suffered their steepest month-on-month decline in more than 18
months in May, as continued weakness in the eurozone and other key markets
held back growth. Exports, the traditional driver of growth in Europe's biggest economy, fell
6.5pc to €88.2bn (£76bn) in May, from €94.3bn in April, according to
Destatis, Germany's statistics office. This was the biggest drop since
December 2011. On an annual basis, total exports fell 4.8pc, driven by a 9.6pc drop in
exports to the eurozone.
Bild-Zeitung:
- DIHK Sees Eastern German Growth at Zero. Economic growth in
Germany's eastern states will be at zero this year vs. .5% in 2012,
citing Martin Wansleben, managing director of the DIHK national industry
and trade chambers. 56% of eastern cos. sees a risk to their business
due to energy, commodity prices vs 48% in western Germany.
Echoing fears that
European policymakers remain in a state of cognitive dissonance –
recognizing the need for root-and-branch overhaul of peripheral banks,
but backtracking on joint liability plans – Christopher Flowers, the
legendary FIG investor who now runs the £2.3 billion ($3.5 billion)
private equity group JC Flowers, sounded the alarm over the negative
sovereign-bank feedback loop.
In a shot across the bows of market bulls, who cite the return of
capital flows to weaker eurozone states, Flowers issued a stark warning:
"There is a scenario where we have a Lehman-type event: we wake up some
Thursday and a big country is in trouble.
"And the ECB will have to decide to support banks x, y, z. And then the
ECB will, in fact, decide to own bank x, y, z.
While we want you to share, we ask you use the functions on-site rather than copy/paste. See T's & C's for details. http://www.euromoney.com/Article/3211790/CurrentIssue/88924/Restructuring-Flowers-slams-Europe-over-inaction.html?copyrightInfo=true
Business Standard:
- RBI wants curb on rupee forecast by bankers. RBI has been concerned because the rupee has weakened by 12% since the start of this financial year. Whether
by communicating or by curtailing communication, the Reserve Bank of
India (RBI) is taking all unconventional steps to arrest the fall in the
rupee. In its latest move, RBI has told treasury officials of banks to
not give rupee forecasts against the dollar - particularly to the media,
analysts and in their reports. It affects market sentiments to a larger extent, particularly in a situation when rupee trading is volatile, it says.
Nikkei:
- Vale to Limit Investment as Emerging Markets Slow. Vale plans to curb capital investment over next few years because of slower economic growth in emerging markets, citing interview with CEO Murilo Ferreira.
ShanghaiDaily.com:
Xinhua:
- China's Li Says East China Ports Face Downward Pressure. China
Premier Li Keqiang inspected import and export situation at a port today
in southern Chinese province of Guangxi.
Economy & Nation:
- China's Erdos Govt Faces 'Severe' Debt Pressure. Some district
governments of the city of Erdos in northern China had to borrow money
from companies to pay salaries of government employees, according to a
report posted on July 5. Erdos city government has debt of 240b yuan,
report cites a person close to the city government as saying. Fiscal
revenue of Erdos city government was 37.5b yuan last year, the report
said. Economy & Nation Weekly is a publication controlled by the
official Xinhua News Agency.
Style Underperformer:
Sector Underperformers:
- 1) Semis -1.80% 2) Homebuilders -1.13% 3) Road & Rail -.70%
Stocks Falling on Unusual Volume:
- INTC, AFOP, BAP, TTM, HOMB, FMX, INT, FBC, BABY, SOXX, CLDX, WRLD, TRS, CAP, PBF, PRAA, AI, FMC, TRN, CP, NXTM, WWWW, GWW, ZINC, SPWR, CFX, FFIN, QCOM and IDT
Stocks With Unusual Put Option Activity:
- 1) JNPR 2) INTC 3) DELL 4) KRE 5) M
Stocks With Most Negative News Mentions:
- 1) CFX 2) FMC 3) FLEX 4) INTC 5) ANGI
Charts:
Style Outperformer:
Sector Outperformers:
- Energy +1.12% 2) Oil Service +1.08% 3) Tobacco +.96%
Stocks Rising on Unusual Volume:
- LINE, BBEP, SNTS, REGI, LNCO and WLT
Stocks With Unusual Call Option Activity:
- 1) BAX 2) JNPR 3) LO 4) DELL 5) HBAN
Stocks With Most Positive News Mentions:
- 1) AMTD 2) AGCO 3) AOL 4) OSK 5) LMT
Charts:
