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Seeking Alpha

Thursday, February 20, 2014

THURSDAY'S MARKET: Here's What Happened

stock market news
Stocks enjoyed a positive day Thursday, I believe for one and only one reason. Leading Economic Indicators were reported up better than expected in January. That was enough to put out the fire started by Wal-Mart (NYSE: WMT) with its disappointing guidance for the current fiscal year. Enjoy it while you can, because tomorrow likely brings yet another poor housing data point. Read more about Wal-Mart here.

U.S. Markets

Market ETF
February 19
YTD
Last 12 Mos.
SPDR S&P 500 (NYSE: SPY)
+0.6%
-0.3%
+21.6%
SPDR Dow Jones (NYSE: DIA)
+0.5%
-2.5%
+16.2%
PowerShares (Nasdaq: QQQ)
+0.5%
+2.4%
+34.0%
SPDR Gold Shares (NYSE: GLD)
+1.1%
+9.9%
-15.7%
iShares US Real Estate (NYSE: IYR)
-0.2%
+7.1%
-0.8%
United States Oil (NYSE: USO)
+0.0%
+4.5%
+8.0%
PowerShares DB US$  Bullish (NYSE: UUP)
+0.1%
+0.1%
-2.7%
PIMCO Total Return ETF (NYSE: BOND)
-0.1%
+1.5%
-2.8%

Stocks celebrated the good economic data today. Gold moved higher thanks to the lack of any inflation signs in the CPI report today. It means the coast is clear for the Fed to back off tapering if it needs to.

International Markets

EUROPE
CLOSE
ASIA/PACIFIC
CLOSE
EURO STOXX 50
+0.0%
NIKKEI 225
-2.1%
FTSE 100
+0.2%
Hang Seng
-1.2%
CAC 40
+0.3%
S&P/ASX 200
+0.1%
German DAX
-0.4%
Korean KOSPI
-0.6%
Athens ASE
-0.5%
BSE India SENSEX
-0.9%

Economic Data

THURSDAY’S ECONOMIC REPORT SCHEDULE
Economic Data Point
Prior
Expected
Actual
THURSDAY



Japan Trade Data



0.2%
0.1%
0.1%
-Core CPI
0.1%
0.2%
0.1%
53.7
53.5
56.7
339K
335K
336K
-30.7

-30.6
-237 Bcf

-250 Bcf



-Crude Oil Inventory
+3.3 MB

+1.0 MB
-Gasoline Inventory
-1.9 MB

+0.3 MB
9.4
8.0
-6.3
0.0%
0.2%
0.3%

The data was mostly mixed today, but what mattered most proved positive. Leading Economic Indicators exceeded expectations and were absolutely strong in the otherwise questionable month of January. Also, inflation was nonexistent in the CPI report, so the Fed has freedom to act if the economy is truly hampered by more than weather.

Commodity Markets

WTI Crude
-0.4%
Brent Crude
-0.0%
NYMEX Natural Gas
+1.8%
RBOB Gasoline
+1.1%
Gold Spot
+0.7%
COMEX Silver
-0.3%
COMEX Copper
-0.2%
CBOT Corn
+0.4%
CBOT Wheat
+0.0%
CBOT Soybeans
+0.4%
ICE Cocoa
+1.4%
ICE Sugar
-1.0%
ICE Orange Juice Conc.
+2.6%
CME Lumber
-0.5%
CME Live Cattle
+0.1%

Look at natural gas prices, still rising after yesterday’s sharp spike. Orange juice as well is running cold due to the cold front headed eastward.

Stock Activity

Wal-Mart (NYSE: WMT) offered disappointing news today, worthy of burning incense to calm nerves today. In short, the company offered up EPS meeting its recently lowered guidance, but then produced lower guidance for FY 2015 (January). This is troubling news not just for Wal-Mart, but for the economy. The store chain is such an important retailer nationally that what happens to it can be a sign of something larger.

EPS REPORTS
Company
Ticker
THURSDAY

51job
Nasdaq: JOBS
Acacia Research
Nasdaq: ACTG
Actavis
NYSE: ACT
AerCap
NYSE: AER
Alexander & Baldwin
Nasdaq: ALEX
Allscripts Healthcare
Nasdaq: MDRX
Anadigics
Nasdaq: ANAD
Aruba Networks
Nasdaq: ARUN
Autobytel
Nasdaq: ABTL
Aviv REIT
Nasdaq: AVIV
Bill Barrett
NYSE: BBG
Blucora
Nasdaq: BCOR
BlueLinx
NYSE: BXC
Brady
NYSE: BRC
Builders FirstSource
Nasdaq: BLDR
Cabot Oil & Gas
NYSE: COG
Cedar Fair
NYSE: FUN
Century Aluminum
Nasdaq: CENX
Chesapeake Lodging Trust
Nasdaq: CHSP
Cincinnati Bell
NYSE: CBB
Clayton Williams Energy
Nasdaq: CWEI
Clear Channel Outdoor
NYSE: CCO
Cogent Communications
Nasdaq: CCOI
Colony Financial
Nasdaq: CLNY
CommScope
Nasdaq: COMM
Consolidated Edison
NYSE: ED
CryoLife
NYSE: CRY
Curis
Nasdaq: CRIS
Cvent
NYSE: CVT
CVR Energy
NYSE: CVI
CVR Partners
NYSE: UAN
CVR Refining
Nasdaq: CVRR
Cyberonics
Nasdaq: CYBX
Dana Holding
NYSE: DAN
Datalink
Nasdaq: DTLK
Denbury Resources
NYSE: DNR
DexCom
Nasdaq: DXCM
DirecTV
NYSE: DTV
Dynagas LNG
Nasdaq: DLNG
Ehealth
Nasdaq: EHTH
EMC Insurance Group
Nasdaq: EMCI
Ensco
NYSE: ESV
Envestnet
NYSE: ENV
Exact Sciences
Nasdaq: EXAS
Exelixis
Nasdaq: EXEL
Express Scripts
Nasdaq: ESRX
Extra Space Storage
NYSE: EXR
Federal-Mogul
Nasdaq: FDML
Financial Engines
Nasdaq: FNGN
First Potomac Realty
NYSE: FPO
Five Star Quality Care
NYSE: FVE
Fleetmatics
Nasdaq: FLTX
FTI Consulting
NYSE: FCN
Gaming & Leisure
Nasdaq: GLPI
Gibraltar
Nasdaq: ROCK
Grand Canyon Education
Nasdaq: LOPE
Groupon
Nasdaq: GRPN
Hansen Medical
Nasdaq: HNSN
Harsco
NYSE: HSC
Heritage-Crystal Clean
Nasdaq: HCCI
Hewlett-Packard
NYSE: HPQ
Holly Energy Partners
NYSE: HEP
Hormel Foods
NYSE: HRL
HSN
Nasdaq: HSNI
ICG Group
Nasdaq: ICGE
ICON
Nasdaq: ICLR
Iconix Brand
Nasdaq: ICON
Idacorp
NYSE: IDA
Immersion
Nasdaq: IMMR
Impax Laboratories
Nasdaq: IPXL
Inland Real Estate
NYSE: IRC
InterDigital
Nasdaq: IDCC
Internap Network Services
Nasdaq: INAP
Intuit
Nasdaq: INTU
Invesco Mortgage Capital
NYSE: IVR
IPC The Hospitalist
Nasdaq: IPCM
iStar Financial
Nasdaq: STAR
Kindred Healthcare
NYSE: KND
KVH Industries
Nasdaq: KVHI
Leap Wireless
Nasdaq: LEAP
Lexington Realty Trust
NYSE: LXP
Life Time Fitness
NYSE: LTM
LoJack
Nasdaq: LOJN
LTC Properties
NYSE: LTC
Marvell Technology
Nasdaq: MRVL
Mattson Technology
Nasdaq: MTSN
Mavenir Systems
Nasdaq: MVNR
Maxwell Technologies
Nasdaq: MXWL
Merge Healthcare
Nasdaq: MRGE
Mohawk Industries
NYSE: MHK
Montage Technology
Nasdaq: MONT
MRC Global
NYSE: MRC
National CneMedia
Nasdaq: NCMI
Newmont Mining
NYSE: NEM
Nordstrom
NYSE: JWN
Patrick Industries
Nasdaq: PATK
Patterson Cos.
Nasdaq: PDCO
PDC Energy
Nasdaq: PDCE
Pebblebrook Hotel Trust
NYSE: PEB
Pharmacyclics
Nasdaq: PCYC
Premiere Global Services
NYSE: PGI
Priceline
Nasdaq: PCLN
ProAssurance
NYSE: PRA
Public Service Enterprise
NYSE: PEG
Public Storage
NYSE: PSA
Qlik Technologies
Nasdaq: QLIK
Quanta Services
NYSE: PWR
Radio One
Nasdaq: ROIAK
RAIT Financial Trust
NYSE: RAS
Reliance Steel & Aluminum
NYSE: RS
SCANA
NYSE: SCG
Select Income REIT
NYSE: SIR
Select Medical
NYSE: SEM
Shutterstock
Nasdaq: SSTK
SJW
NYSE: SJW
Sonus Networks
Nasdaq: SONS
State Auto Financial
Nasdaq: STFC
Sun Communities
NYSE: SUI
Sunstone Hotel Investors
NYSE: SHO
Symmetry Medical
NYSE: SMA
Syneron Medical
Nasdaq: ELOS
Teekay
NYSE: TK
Teekay LNG Partners
NYSE: TGP
Teekay Offshore Partners
NYSE: TOO
Teekay Tankers
NYSE: TNK
Titan International
NYSE: TWI
Tornier
Nasdaq: TRNX
Toro
NYSE: TTC
TriMas
NYSE: TRS
UIL Holdings
NYSE: UIL
Ultra Petroleum
NYSE: UPL
Universal Electronics
Nasdaq: UEIC
Valmont
NYSE: VMI
Vocera
Nasdaq: VCRA
WageWorks
Nasdaq: WAGE
Wal-Mart
NYSE: WMT
Walter Energy
NYSE: WLT
Washington Real Estate
NYSE: WRE
WebMD
Nasdaq: WBMD
West Marine
Nasdaq: WMAR
West Pharmaceutical Services
NYSE: WST
Westlake Chemical
NYSE: WLK
World Wrestling Entertainment
NYSE: WWE
Xenoport
Nasdaq: XNPT
Yandex
Nasdaq: YNDX

TODAY’S MOST ACTIVE STOCKS
BIGGEST GAINERS
% Gain
Microvision (Nasdaq: MVIS)
+98%
Supertel Hospitality (Nasdaq: SPPR)
+51%
JetPay Corp. (Nasdaq: JTPY)
+43%
United Online (Nasdaq: UNTD)
+29%
Marchex (Nasdaq: MCHX)
+24%
Northwest Biotherapeutics (Nasdaq: NWBOW)
+24%
LoJack (Nasdaq: LOJN)
+21%
Applied Optoelectronics (Nasdaq: AAOI)
+20%
Seanergy Maritime (Nasdaq: SHIP)
+19%
Portfolio Recovery (Nasdaq: PRAA)
+18%
BIGGEST LOSERS
% Drop
Conns Inc. (Nasdaq: CONN)
-43%
Onconova Therapeutics (Nasdaq: ONTX)
-37%
Rubicon Minerals (NYSE: RBY)
-20%
Blackhawk Network (Nasdaq: HAWK)
-20%
Goodrich Petroleum (NYSE: GDP)
-20%
FTI Consulting (NYSE: FCN)
-19%
Town Sports International (Nasdaq: CLUB)
-18%
Employers Holdings (NYSE: EIG)
-15%
Millenial Media (NYSE: MM)
-15%
CryoLife (NYSE: CRY)
-13%

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.

incense

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