Style Underperformer:
Sector Underperformers:
- 1) Computer Services -.30% 2) Semis -.14% 3) Banks -.13%
Stocks Falling on Unusual Volume:
- MFRM, CONN, BPL, ESC, ADES, LAYN, ANDE, UTIW, SWHC, CLVS, DORM, TITN, CYNO, INXN, POWR, COO, Z, RL, BPOP, SCSS, TLK, RGR, JKS, NLNK and APEI
Stocks With Unusual Put Option Activity:
- 1) RMTI 2) PAY 3) CIE 4) XHB 5) PRU
Stocks With Most Negative News Mentions:
- 1) JEC 2) TSO 3) LNKD 4) CONN 5) MNKD
Charts:
Style Outperformer:
Sector Outperformers:
- 1) REITs +2.04% 2) Homebuilders +1.71% 3) Gold & Silver +1.36%
Stocks Rising on Unusual Volume:
- MHR, OAS, AMT, AMBA, BLOX, ZUMZ, KONG, PAY, TKR, YELP, ETFC, FNSR and USG
Stocks With Unusual Call Option Activity:
- 1) ZQK 2) WY 3) KOG 4) PAY 5) FNSR
Stocks With Most Positive News Mentions:
- 1) HD 2) SFD 3) ETFC 4) HCP 5) F
Charts:
Evening Headlines
Bloomberg:
- Obama Seeks Support for Syria Strikes as Timeline Grows. A
week after he surprised his
national security advisers by deciding to seek authorization
from Congress, President Barack Obama’s path to military strikes against
Syria isn’t getting any smoother. The outrage that Obama and Secretary
of State John Kerry expressed over an Aug. 21 nerve gas attack they
blamed on the Syrian regime, an action that crossed the president’s “red
line,” hasn’t brought a groundswell of support from lawmakers and the
U.S. public. Few international allies have said they’re ready to join in
air strikes, and Russia and China say they are
unswayed by the U.S. assertions blaming Syrian President Bashar al-Assad
for the attack that killed more than 1,400 people, many
of them women and children, near Damascus.
- India’s Middle Class Hit Hard as Rupee Pushes Up Prices.
Mumbai taxi driver Saiyad Ahmed Ali has cut back on fruit and fish,
from about twice weekly to once a month these days as prices surge.
He’ll tell you the culprit: India’s weakening currency. “The rupee’s value has been falling, gas is getting more
expensive and fewer people want to take cabs,” said Ali, who
has seen his daily income fall by about a third, to less than
400 rupees ($6.05) after the costs of running his taxi. “Life
here in the big city has become more difficult.” A 17 percent plunge in the rupee this year has driven up
the cost of imports such as petroleum and chemicals used in
packaging. As a result, companies have raised prices for
consumer staples like cooking oil and soap to compensate for
imported raw-material and transport costs.
- Singh Fails to
Convince S&P as Default Risk Surges: India Credit. India's default
risk is rising the most among emerging markets as Prime Minister
Manmohan Singh's government bucks a regional trend of budget tightening,
raising the prospect of a junk debt rating as the rupee plunges. The
cost to insure debt of State Bank of India, considered a proxy for the
sovereign, surged 157 basis points in three months, according to CMA
Credit-default swaps protecting government bonds climbed 108 basis
points for Indonesia and 80 for Turkey.
- China to Finish Local Government Debt Audit Ahead of Key Meeting.
China will this month complete an audit of local-government debt to
assess risks to its financial system, ahead of a Communist Party meeting
in November to set economic policy, a government official said. China’s
finance ministry will wrap up its first full audit in more than two
years in September and release the results to in October, Vice Finance Minister Zhu Guangyao said yesterday at a briefing during the Group of 20 Summit in St. Petersburg, Russia.
- Asian Stocks Snap Six-Day Rise Ahead of U.S. Jobs Report.
Asian stocks dropped, snapping a six-day advance and paring the
regional benchmark index’s biggest weekly gain since July, as investors
await the monthly American jobs report. Sumitomo Realty &
Development Co. sank 2 percent as Japanese developers retreated ahead of
a decision this weekend on whether Tokyo will host the 2020 Olympics.
SoftBank Corp. (9984) fell 2.2 percent after competitor NTT DoCoMo Inc.,
Japan’s largest mobile-phone carrier, was said to be near an agreement
to offer Apple Inc.’s iPhone. BBMG Corp., a cement company, rose 3.2
percent in Hong Kong after announcing a share sale. The MSCI Asia Pacific Index fell 0.1 percent to 133.08 as
of 11:41 a.m. in Hong Kong, on course to rise 2.3 percent this
week for the biggest advance since the week through July 12.
- Rebar Declines to One-Month Low on Iron Ore Price, Mill Output. Steel reinforcement-bar futures in
Shanghai fell to the lowest in a month as a drop in iron ore prices and rising output from mills encouraged selling. Rebar for January delivery on the Shanghai Futures Exchange
fell as much as 0.6 percent to 3,711 yuan ($606) a metric ton,
the lowest level for a most-active contract since Aug. 7.
Futures traded at 3,722 yuan at 10:46 a.m. local time and have
declined 0.8 percent this week.
- Rubber Drops, Paring Weekly Rally, as Yen Rebound Reduces Appeal.
Rubber futures declined in Tokyo as the Japanese currency rebounded
against the dollar, reducing the appeal of yen-based contracts, and as
concern grew that the Syrian conflict may harm the global economic
recovery. Rubber for delivery in February lost as much as 1 percent
to 280.8 yen a kilogram ($2,814 a metric ton) before trading at
282.1 yen on the Tokyo Commodity Exchange.
- Haunted Greeks Sell Real Estate EBay-Style to Evict Debt Specter. A legend that has swirled around the dilapidated mansion on Smolenski
Street in Athens is that the ghost of the previous owner deters
prospective buyers by moaning: “The house is mine.” The Greek government refuses to be spooked. The protected two-story mansion
and tower, replete with palm trees in the overgrown gardens, will be
sold on Sept. 17 to the highest bidder in an EBay-style Internet
auction. Greece
is trying to dispel criticism it’s not doing enough to sell real estate
pledged as part of its 240 billion-euro ($315 billion) rescue. “It’s
literally haunting the Greek budget,” Andreas Taprantzis, executive
director for real estate at the Hellenic Republic Asset Development
Fund, said in an interview. It “generates zero income, not even taxes,”
he said.
- Obama Seen Delaying Fed Nomination Until Syria Issue Resolved. President Barack Obama will likely
wait to announce his nominee to lead the U.S. Federal Reserve
until after Congress votes on military action in Syria and
probably until the immediate outcome of a strike is clear,
according to several people close to the White House. “Syria right now has kind of paralyzed the town,” said
David Plouffe, a former senior Obama adviser. “They’ll wait
until the dust clears.”
- Apple(AAPL) Said to Near Deal With Japan’s DoCoMo to Sell IPhone. Apple
Inc. (AAPL), the world’s most-valuable company, is near a final
agreement to offer its iPhone through the largest mobile carrier in
Japan, NTT DoCoMo Inc. (9437), according to people familiar with the situation.
DoCoMo may begin offering the iPhone later this year, said the people,
who asked not to be identified because the information is private. Apple
will debut new iPhones at a Sept. 10 event at its headquarters in
Cupertino, California, a person
familiar with the matter has said.
Wall Street Journal:
- Iran Plots Revenge, U.S. Says. Officials Say Intercepted Message to Militants Orders Reprisals in Iraq if Syria Hit. The U.S. has intercepted an order from Iran to militants in Iraq to
attack the U.S. Embassy and other American interests in Baghdad in the
event of a strike on Syria, officials said, amid an expanding array of
reprisal threats across the region.
Military officials have been trying to
predict the range of possible responses from Syria, Iran and their
allies. U.S. officials said they are on alert for Iran's fleet of small,
fast boats in the Persian Gulf, where American warships are positioned.
U.S. officials also fear Hezbollah could attack the U.S. Embassy in
Beirut. While the U.S. has moved military resources in the region for a
possible strike, it has other assets in the area that would be ready to
respond to any reprisals by Syria, Iran or its allies.
- EU Struggles to Save Iran Sanctions. Britain, France and Germany are struggling to craft measures to stop
successful legal challenges to sanctions against Iran from undermining
the West's efforts to combat Tehran's nuclear program. On Friday, a European Union court will issue decisions on a raft of
cases brought by Iranian banks and other firms that say they were
unfairly placed on the 28-nation bloc's sanctions list. Legal experts
say at least some of the challenges are likely to succeed. The U.S. is pressing for a clear resolution soon—as are some European
firms that, diplomats say, fear they could fall foul of U.S. law and
face penalties if they conduct business with delisted Iranian firms.
- Financial Crisis Anniversary: For Corporations and Investors, Debt Makes a Comeback. Five
years after excessive debt propelled a housing-market collapse into a
financial crisis and recession, similar bets are being placed across the
U.S. The crisis ignited on Sept. 15, 2008, when investment bank
Lehman Brothers collapsed under a mountain of highly leveraged mortgage
debt. Despite a government bailout of financial firms that totaled
hundreds of billions of dollars, 8.8 million jobs and $19.2 trillion in
household wealth were lost. The conventional wisdom has been that
Americans learned an important lesson—that you shouldn't take a loan just because one is available. Banks, companies and consumers aggressively dialed back borrowing in what was dubbed "the great deleveraging." But some
experts say the deleveraging is over and releveraging is well under
way, with corporate borrowers taking new loans hand over fist from
investors hungry for higher returns.
- Apple(AAPL) Tests iPhone Screens as Large as Six Inches. As Apple Inc. prepares to unveil both a new high-end iPhone and a cheaper version for the first time next week, it is already working
on something bigger. The electronics giant has begun evaluating a plan to offer iPhones with screens
ranging from 4.8 inches to as high as 6 inches, people familiar with the matter
say. That would be a sizable leap from the 4-inch screen of the iPhone 5
released last year, and, at the upper end, would be one of the largest on the
market.
- Navigating ObamaCare Outrage. How dare anyone ask anything about the law's implementation. With ObamaCare scheduled to launch on October 1, Democrats seem more
than a little anxious about their ability to execute. That's the only
fathomable explanation for their nervous breakdown over a routine House
inquiry. The Affordable Care Act is paying for "navigators," or non-government
groups that received federal dollars in August to help people figure
out and enroll for subsidies. That such a program even exists explains a
lot about the complexity of the new entitlement.
Fox News:
- Tale of Two St. Petes: As Obama visits Russia, US voters dubious on Syria strike. While President Obama was in St. Petersburg, Russia, on Thursday,
trying to sway skittish allies to back a military strike on Syria,
thousands of miles away in St. Petersburg, Fla., residents were leaving
little doubt that Obama has a lot of work to do if he's to gain their
support for military action. Lawmakers in and around the coastal city say their constituents are
almost uniformly opposed, or at least cautious, on a strike. Rep. Kathy
Castor, D-Fla., who represents the city, wrote to Obama saying her
neighbors are "extremely wary of military action." Republican Rep. Rich Nugent, who represents a nearby district, told
FoxNews.com his office has gotten 1,800 calls and emails opposing action
in Syria, and only 17 in favor. "You usually don't see any kind of split like that," Nugent said. The
overriding concern, he said, is that America could get drawn deeper
into the fight.
CNBC:
Zero Hedge:
Business Insider:
New York Times:
- Pentagon Is Ordered to Expand Potential Targets in Syria With a Focus on Forces. President
Obama has directed the Pentagon to develop an expanded list of
potential targets in Syria in response to intelligence suggesting that
the government of President Bashar al-Assad has been moving troops and
equipment used to employ chemical weapons
while Congress debates whether to authorize military action.
Washington Post:
- Turnover at Federal Reserve adds uncertainty to interest rate and QE3 promises. The Federal Reserve is facing significant turnover among top
officials at a time when it is trying to craft a long-term strategy for winding down its support for the nation’s economy.
The looming departure of Fed Chairman Ben S. Bernanke when his term
ends in January has garnered the most attention on Wall Street and in
Washington. But as much as half of the central bank’s
powerful policy-setting committee could also leave next year — making it
the biggest transition at the Fed since before the recession.
Reuters:
Financial Times:
- Europe urges China to cede business control. European
business representatives have accused Chinese regulators of unfairly
targeting foreign companies in a series of recent corruption and
monopoly investigations. Davide Cucino, president of the 1,700-member EU
Chamber of Commerce in China, on Thursday called for “a vast ceding of
political control over the
business environment” in China, saying that market forces would only be
strengthened if the government stepped back from its “over-dominant
role”.
Evening Recommendations
CSFB:
- Upgraded (KEY) to Outperform, target $14.
Night Trading
- Asian equity indices are -.50% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 155.0 + basis point.
- Asia Pacific Sovereign CDS Index 125.75 -3.0 basis points.
- NASDAQ 100 futures -.03%.
Morning Preview Links
Earnings of Note
Company/Estimate
Economic Releases
8:30 am EST
- The Change in Non-Farm Payrolls for August is estimated to rise to 180K versus 162K in July.
- The Unemployment Rate for August is estimated at 7.4% versus 7.4% in July.
- Average Hourly Earnings for August are estimated to rise +.2% versus a -.1% decline in July.
Upcoming Splits
Other Potential Market Movers
- The
Fed's George speaking, Fed's Evans speaking and the German Industrial/Trade data could also impact trading today.
BOTTOM LINE: Asian indices are mostly lower, weighed down by industrial and commodity shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.
Broad Equity Market Tone:
- Advance/Decline Line: Higher
- Sector Performance: Most Sectors Rising
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 15.65 -1.45%
- Euro/Yen Carry Return Index 136.99 -.26%
- Emerging Markets Currency Volatility(VXY) 11.87 +.68%
- S&P 500 Implied Correlation 50.39 -2.38%
- ISE Sentiment Index 120.0 +4.35%
- Total Put/Call .83 +3.75%
Credit Investor Angst:
- North American Investment Grade CDS Index 83.20 +.59%
- European Financial Sector CDS Index 147.0 +1.73%
- Western Europe Sovereign Debt CDS Index 91.0 +1.11%
- Emerging Market CDS Index 340.94 -.99%
- 2-Year Swap Spread 15.25 unch.
- 3-Month EUR/USD Cross-Currency Basis Swap -10.50 unch.
Economic Gauges:
- 3-Month T-Bill Yield .02% unch.
- China Import Iron Ore Spot $137.10/Metric Tonne -.65%
- Citi US Economic Surprise Index 53.40 +17.4 points
- Citi Emerging Markets Economic Surprise Index -15.80 +.2 point
- 10-Year TIPS Spread 2.08 unch.
Overseas Futures:
- Nikkei Futures: Indicating +35 open in Japan
- DAX Futures: Indicating -7 open in Germany
Portfolio:
- Slightly Higher: On gains in my tech/biotech/retail/medical sector longs
- Disclosed Trades: None
- Market Exposure: 50% Net Long
Bloomberg:
- China Joins Europe in Syria Economic Risk Warning at G-20 Summit. China
and Europe at a Group of 20 summit hosted by Russia warned that
U.S.-led strikes on Syria would risk harming the global economy,
bolstering efforts to rally opposition to the proposed attack. “Such a
military action will definitely have a negative impact on the world
economy, especially on the oil price,” Chinese Vice Finance Minister Zhu Guangyao told reporters in St. Petersburg today. “We hope that this issue could be solved at
the United Nations and through diplomatic channels.”
- Turkey Reinforces Syria Border as Erdogan Backs U.S. Attack. Turkey deployed tanks and anti-aircraft guns to reinforce its military units on the Syrian
border, as the U.S. considers strikes against Syria. Convoys
carrying tanks and rocket-launchers headed to border areas in Hatay,
Gaziantep and Sanliurfa provinces today and yesterday, according to
Hurriyet newspaper and Anatolia news agency. Tanks, missile launchers
and anti-aircraft guns on
hilltops near the border town of Kilis were aimed Syria, state-run TRT
television said. F-16s, tanker and cargo planes as well
as at least one drone landed at southern Incirlik Air Base,
Anatolia said. Turkish Prime Minister Recep Tayyip Erdogan, who has
expressed a willingness to join any international coalition
against Syria, yesterday vowed to respond to any attack from its
southern neighbor.
- Draghi Says ECB Ready to Act as Market Rates Advance. Mario Draghi said the European Central Bank is “ready to act” as rising money-market rates threaten his drive to reassure investors that borrowing costs will stay low. Bond yields extended their gains. “We will remain particularly attentive to the implications that these developments may have to the stance of monetary policy,” the ECB president said at his monthly press conference in Frankfurt today after the bank left its benchmark rate at a record low of 0.5 percent. “I’m very, very cautious about the
recovery. I can’t share enthusiasm, it’s just the beginning. The
shoots are still very, very green.”
- Spain’s Deficit Struggle Shows Threat to ECB Rally: Euro Credit. Spain’s bid to meet its budget-deficit target for the first time in five years is running into
trouble, fueling concerns that increased financial stability is
masking deeper economic problems. The shortfall for the central government in the first seven
months of the year was 4.38 percent of Spanish output, compared
with a 3.8 percent goal for the year, government data show.
Economists at the savings banks’ foundation Funcas, Mizuho
International and Bank of America Merrill Lynch said Spain may
miss the European Union’s overall goal for this year of 6.5
percent as benefit spending climbs and tax income falters.
- German Factory Orders Drop as Boost From Air Show Fades: Economy. German factory orders (GRIORTMM) fell in July after demand was boosted by the Paris Air Show a month earlier. Orders,
adjusted for seasonal swings and inflation, dropped 2.7 percent from
June, when they rose a revised 5 percent that was larger than originally
estimated, the Economy Ministry in Berlin said today. Economists
forecast a July drop of 1 percent, according to the median of 39
estimates in a Bloomberg News survey.
- France Sells 10-Year Bonds With Highest Yield Since Election. The treasury sold 4.24 billion euros ($5.59 billion) of
2023 debt at an average yield of 2.57 percent, the highest at
any auction since May 2012. It also sold 2.49 billion euros in
2021 securities at an average yield of 2.17 percent -- more than
1.42 percent on May 2 -- and 1.66 billion euros 2045 debt at 3.6
percent.
- European Stocks Rise as ECB Holds Benchmark Rate at Low.
European stocks climbed as European Central Bank President Mario Draghi
reiterated that interest rates will stay low for an extended period,
while the Federal Reserve said it saw a modest to moderate U.S. economic
recovery. PSA Peugeot (UG) Citroen added 5.4 percent as its chief
executive officer predicted a market-share increase in an interview with
Le Parisien. Telecom Italia SpA rose 8.4 percent after a report that
Egyptian billionaire Naguib Sawiris may buy a stake in Italy’s biggest
phone company. TeliaSonera AB slid 1.9 percent as Finland cut its
holding in the network operator. The Stoxx Europe 600 Index added 0.7 percent to 304.55 at the close of trading.
- WTI Crude Rises as Cushing Supply Drops to 17-Month Low. “Inventory levels continue to come down, which is
supportive of the market,” said Adam Wise, who helps manage a
$6 billion oil and gas bond portfolio as a managing director at
Manulife Asset Management in Boston. “The market’s really holding its breath waiting for the full impact of the Syria situation to play itself out.”
WTI crude for October delivery increased 82 cents, or 0.8
percent, to $108.05 a barrel at 1:08 p.m. on the New York
Mercantile Exchange.
- Euro Slides to Six-Week Low on Draghi Comments; Krona Weakens. “Draghi is still not very confident about the economic
recovery, and that’s contributing to the weakness in the euro,”
Douglas Borthwick, head of foreign exchange at Chapdelaine & Co.
in New York, said in a telephone interview. “The market knows
very well that the ECB is going to be on hold with a bias
towards lower rates for the foreseeable future.”
- Gold Drops as U.S. Economic Data Stokes Concern About Tapering. Futures for December delivery fell 0.7 percent to $1,380.40
an ounce at 10:15 a.m. on the Comex in New York. Prices rose as
much as 0.7 percent earlier as the Senate Foreign Relations Committee
voted yesterday to authorize President Barack Obama to conduct a limited
military operation in Syria.
- Consumer Comfort in U.S. Declines for a Fourth Straight Week. (graph) Consumer confidence fell for a fourth consecutive week to its lowest level since early April as Americans’ views on the economy and buying climate deteriorated. The Bloomberg Consumer Comfort Index eased to minus 32.3
for the period ended Sept. 1, its weakest reading since April 7,
from minus 31.7. The gauge has dropped 8.8 points after reaching
a more than five-year high in the week ended Aug. 4. The series
of declines is the longest since January.
- Sluggish August Retail Sales Seen Boding Ill for Holiday Season. L Brands Inc. (LTD), which owns Victoria’s Secret and has powered through a choppy economy, reported August
same-store sales that narrowly missed estimates, the latest
evidence of weakness among U.S. apparel chains. Sales at L Brands stores open at least 12 months rose 2
percent, compared with a predicted gain of 2.1 percent.
- Money Fund Lehman Moment Lurks as New Protections Stall. A year ago, when opposition from the asset-management industry killed
her plan to make money-market mutual funds safer, U.S. Securities and
Exchange Commission Chairman Mary Schapiro looked to Timothy Geithner,
then the Treasury Secretary, to tackle “one of the pieces of unfinished
business from the financial crisis.” It remains unfinished.
Wall Street Journal:
Fox News:
- Putin warns Russia could come to Syria's aid over US strike.
As he touched down in St. Petersburg on Thursday morning, President
Obama greeted his host Vladimir Putin with a handshake and a smile. But
the cordial greeting belies the tinderbox the two leaders are
sitting on, as they posture and deliberate over a potential U.S. strike
on Syria -- one of Russia's closest Mideast allies.
Putin escalated concerns about the fallout from any strike when he
indicated in an interview published Wednesday that his country could
send Syria and its neighbors in the region the components of a missile
shield if the U.S. attacks.
MarketWatch:
CNBC:
- US planned layoffs jump in August: Challenger. Employers announced 50,462 layoffs last month, up 33.8 percent from
37,701 in July, according to the report from consultants Challenger,
Gray & Christmas. The August job cuts were up 57 percent from the same time a year ago.
For 2013 so far, employers have announced 347,095 job losses, close to
the 352,185 that were seen in the first eight months of last year.
Zero Hedge:
Business Insider:
MacRumors:
Reuters:
- India's inverted yield curve fails rupee and slams economy. Viewed in one light,
India's steeply inverted yield curve is the result of a deliberate and
classic policy strategy to defend a weak currency. From another
perspective, it is pointing at deep economic problems to come, possibly
even recession. The central bank measures though are also
taking a toll on the banking sector, which is heavily reliant on
short-term money markets for capital. Since longer-term yields are lower
- they have risen but not to the extent of short-term rates - bank
lending has suffered and the value of the bonds on their books has
fallen. "There is a concern here
that we have a recession in India, which could trigger further
outflows," said Claudio Piron, a strategist with BofA Merrill Lynch in
Singapore. The problem was that the Reserve Bank of India lacked
credibility, he said. "That's when
the market thinks that you are undermining growth. And if you undermine
growth, the fiscal numbers, be they corporate or government
balance-sheets, will look worse and you will get more currency weakness
and more outflow."
- Italy finances slipping as political crisis brews. Italy, which three months ago got off the European Union's blacklist of countries with excessive fiscal deficits, may be put straight back on it next year unless
it can reverse a worrying trend in its public finances.
BBC:
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
Folha de S.Paulo:
- Brazil May Punish U.S. Firms if Obama Doesn't Apologize. Brazil's
govt may send law to Congress that would punish cos. involved in spying
if U.S. President Barack Obama doesn't make formal apology to President
Dilma Rousseff over spying allegations. Such a law could affect
Google(GOOG) and Microsoft(MSFT).
Style Underperformer:
Sector Underperformers:
- 1) Gold & Silver -2.41% 2) REITs -1.02% 3) Homebuilders -.85%
Stocks Falling on Unusual Volume:
- CONN, MIND, UEPS, CHD, SMLP, ADES, TLK, NVO, SAP, PRA, GEF, UMBF, CPB, CVV, CEVA, SDRL, XONE, UHAL, MSG, LTD, FMS, HEP, NTG, FOSL and DLR
Stocks With Unusual Put Option Activity:
- 1) LPX 2) S 3) NFX 4) FXE 5) SHLD
Stocks With Most Negative News Mentions:
- 1) WPZ 2) KORS 3) MS 4) WMT 5) OPEN
Charts:
