Tuesday’s Sexy Market Summary

The mixed market Tuesday simply reflects the fact that we are in the midst of earnings seasons. Corporate reports are dictating individual stock movement, as well as industry and sector shifts. As a result, we have a wide divide in the performances of the broader indices, as seen in the returns of the market ETFs below. For more in-depth analysis and research visit our stock market blog.

Our founder earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.

I Said Sexy!

Market ETF	July 23, 2013	Year-to-Date
SPDR S&P 500 (NYSE: SPY)	-0.2%	+18.8%
SPDR Dow Jones (NYSE: DIA)	+0.2%	+19.0%
PowerShares (NYSE: QQQ)	-0.7%	+14.7%

Economic Events

ECONOMIC REPORT SCHEDULE
Economic Data Point	Prior	Expected	Actual
TUESDAY
FHFA House Price Index	+0.5% (R)	+0.8%	+0.7%
Richmond Fed Manufacturing Index	8	8	-11
ICSC Store Sales	-1.1%	NA	+1.4%
Senate Examines Sequestration

A light economic news day offered a couple lightly followed data points in the FHFA House Price Index and the Richmond Fed’s manufacturing measure. The news was mixed to negative, with home price increase falling just short of economist expectations and the Richmond measure turning deeply downward. The regular weekly same-store sales data bounced off a prior week dive, and so offers little value. The changes could simply reflect weather, holiday or both.

Overseas Markets

EUROPE	CLOSE	ASIA/PACIFIC	CLOSE
EURO STOXX 50	-0.1%	NIKKEI 225	+0.8%
German DAX	-0.2%	Hang Seng	+2.3%
CAC 40	-0.4%	S&P/ASX 200	+0.3%
FTSE 100	-0.4%	Korean KOSPI	+1.3%
Greek ASE	+0.0%	BSE India SENSEX	+0.7%

Commodity Markets (CLOSE)

WTI Crude	+0.4%
Brent Crude	+0.3%
NYMEX Natural Gas	+1.4%
RBOB Gasoline	+0.7%
Gold Spot	+0.1%
Silver Spot	-0.2%
COMEX Copper	+0.9%
CBOT Corn	-2.5%
CBOT Wheat	-0.9%
CBOT Soybeans	-2.2%
ICE Cocoa	+0.5%
ICE Sugar	-0.4%
ICE Orange Juice Conc.	-2.8%
CME Live Cattle	+0.2%

Corporate Events

Are you kidding me? Was there anything more important than Apple’s earnings report after the close of trading? Apple (Nasdaq: AAPL) put up better than expected iPhone sales data, and Tim Cook indicated the company would have a few sexy new products to announce in the fall and in 2014. Look for the watch this fall and the television in 2014, if we are to believe rumors. I would be disappointed if a TV were not hitting the market by the fall. AAPL shares were up just 3.7% after hours, as the market is losing faith in the boy who cried wolf, aka, Tim Cook.

MOST ACTIVE STOCKS
BIGGEST GAINERS	% Gain
Intellipharmaceutics (Nasdaq: IPCI)	+56%
Uroplasty (NYSE: UPI)	+36%
Phillips 66 Partners (Nasdaq: PSXP)	+29%
Sourcefire (Nasdaq: FIRE)	+28%
SGOCO (Nasdaq: SGOC)	+27%
Superconductor Technologies (Nasdaq: SCON)	+23%
CapitalSource (NYSE: CSE)	+22%
BioCryst (Nasdaq: BCRX)	+22%
CounterPath (Nasdaq: CPAH)	+21%
Alexco Resource (NYSE: AXU)	+18%
BIGGEST LOSERS	% Drop
Computer Task Group (NYSE: CTG)	-24%
Alaska Communications (Nasdaq: ALSK)	-14%
Ampio Pharmaceuticals (Nasdaq: AMPE)	-13%
Allegiant Travel (Nasdaq: ALGT)	-12%
China HGS Real Estate (Nasdaq: HGSH)	-11%
VelocityShares 2X Inverse Platinum (Nasdaq: IPLT)	-11%
Cyclacel Pharmaceuticals (Nasdaq: CYCCP)	-11%
Hansen Medical (Nasdaq: HNSN)	-11%
Elbit Imaging (Nasdaq: EMITF)	-10%
STMicroelectronics (NYSE: STM)	-10%

REPORTING EARNINGS
Company	Ticker
TUESDAY
Apple	Nasdaq: AAPL
AT&T	NYSE: T
UPS	NYSE: UPS
United Technologies	NYSE: UTX
Travelers	NYSE: TRV
Valero Energy	NYSE: VLO
Electronic Arts	NYSE: EA
Norfolk Southern	NYSE: NSC
VMWare	NYSE: VMW
Broadcom	Nasdaq: BRCM
Penn National Gaming	Nasdaq: PENN
TD Ameritrade	Nasdaq: AMTD
Illinois Tool Works	NYSE: ITW
Lexmark International	NYSE: LXK
RadioShack	NYSE: RSH
Signature Bank	Nasdaq: SBNY
Lockheed Martin	NYSE: LMT
Regions Financial	NYSE: RF
Capella Education	Nasdaq: CPLA
Waters	NYSE: WAT
Wendy’s	NYSE: WEN
Peabody Energy	NYSE: BTU
Freeport-McMoRan	NYSE: FCX
Altria Group	NYSE: MO
Forest Laboratories	NYSE: FRX
PACCAR	Nasdaq: PCAR
MGIC Investment	NYSE: MTG
CIT Group	NYSE: CIT
IDEXX Laboratories	Nasdaq: IDXX
B/E Aerospace	Nasdaq: BEAV
Boise Cascade	NYSE: BCC
Alpha Natural Resources	NYSE: ANR
USANA Health	Nasdaq: USNA
Unisys	NYSE: UIS
Linear Technology	Nasdaq: LLTC
International Game Technology	NYSE: IGT
Altera	Nasdaq: ALTR
C.R. Bard	NYSE: BCR
Panera Bread	Nasdaq: PNRA
Juniper Networks	Nasdaq: JNPR
Discover Financial	NYSE: DFS
Vascular Solutions	Nasdaq: VASC
R.F. Micro Devices	Nasdaq: RFMD
Fulton Financial	Nasdaq: FULT
IberiaBank	Nasdaq: IBKC
Compuware	Nasdaq: CPWR
Harmonic	Nasdaq: HLIT

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.