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The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.


Seeking Alpha

Monday, March 03, 2014

THIS WEEK: Risk Off as Putin Crosses the Line

Putin crosses the line
After an anxious buildup to it, the market started the week lower, with the S&P 500 falling 0.7% Monday on the obvious driver. We warned in a weekend article that risk had to come off this week, because the situation in the Ukraine would (and will) likely deteriorate. Vladimir Putin operates by his own rules and only applies reason when it works in his favor; otherwise, he constructs a reason to get his way (read lies). Actions already enacted by Russia, Russian communications to the world community and to the Russian people; and geopolitical logic dictate the unstable geopolitical situation will get worse. So, while we called for investors to sell stocks, we also said to look to safe havens, specifically gold and the SPDR Gold Trust (NYSE: GLD). The GLD closed up 2.1% Monday.

Sector Security
Last Wk
YTD
Last 12 M
SPDR S&P 500 (NYSE: SPY)
+1.3%
+0.9%
+22.5%
SPDR Dow Jones (NYSE: DIA)
+1.4%
-1.5%
+15.8%
PowerShares QQQ (Nasdaq: QQQ)
+0.9%
+2.7%
+34.1%
SPDR Gold Trust (NYSE: GLD)
+0.03%
+9.9%
-16.3%
PIMCO Total Return (Nasdaq: BOND)
+0.04%
+1.7%
-2.9%
United States Oil (NYSE: USO)
+0.1%
+4.0%
+12.2%

Stocks were hardly affected last week by the quickly evolving events overseas. That was mainly due to supportive economic data, and some good news from housing - especially in the New Home Sales gain reported. We also saw individual retailers calming concerns about the retail sector, with solid earnings reports from Target (NYSE: TGT) and Sears (Nasdaq: SHLD).

Economic Events

THIS WEEK’S ECONOMIC REPORT SCHEDULE
Economic Data Point
Prior
Expected
MONDAY


+0.0%
+0.3% A
-Spending
+0.1%
+0.4% A
-Core PCE Price Index
+0.1%
+0.1% A
51.3
53.2 A
53.7
57.1 A
+0.1%
+0.1% A
78
87
12.1 M
12.3 M
TUESDAY




-0.6%

-Year-to-Year Pace
+1.4%

+2.9%



WEDNESDAY


+175K
+150K
54.0
53.5






-8.5%



-Crude Oil Inventory
+0.1 MB

-Gasoline Inventory
-2.8 MB





THURSDAY


45,107

348K
338K
Gallup US Payroll to Pop.


+3.2%
+2.4%
-Unit Labor Costs
-1.6%
-0.5%
-28.6

Chain Store Sales


-1.5%
-0.5%
-95 Bcf



FRIDAY




-Unemployment Rate
6.6%
6.6%
-Nonfarm Payrolls
+113K
+150K
-Private Payrolls
+142K
+165K
$-38.7 B
$-39.0 B
+$18.8 B
+$14.0 B



This week’s reports are likewise expected to show improved economic conditions, especially along the manufacturing front. Still, the focus of the investment community will rightfully fall to the Friday reporting of the Employment Situation. Economists see job growth improving, but to a pace that is still inadequate. The unemployment rate is seen holding steady. If we get that sort of news, investors will likely celebrate it. It’s hard to say what the report will bring, but if it is poor, the news will continue to be blamed on the weather, and for good reason. We may have to wait until March’s report to see clearly through the snowflakes and frozen breath.

Corporate Events

Daily earnings flow is finally easing, but there remain a good amount of companies reporting this week. We believe we have the full list here for you.

HIGHLIGHTED EPS REPORTS
Company
Ticker
MONDAY

Accretive Health
NYSE: AH
AcelRx Pharmaceuticals
Nasdaq: ACRX
Achillion Pharmaceuticals
Nasdaq: ACHN
Acura Pharmaceuticals
Nasdaq: ACUR
Almost Family
Nasdaq: AFAM
Ambac Financial
Nasdaq: AMBC
American Apparel
NYSE: APP
Ampio Pharmaceuticals
Nasdaq: AMPE
AngioDynamics
Nasdaq: ANGO
Anthera Pharmaceuticals
Nasdaq: ANTH
Ascena Retail
Nasdaq: ASNA
Banc of California
Nasdaq: BANC
Black Diamond
NYSE: BDE
Cantel Medical
NYSE: CMN
CAS Medical Systems
Nasdaq: CASM
Celldex Therapeutics
Nasdaq: CLDX
Chelsea Therapeutics
Nasdaq: CHTP
Contango Oil & Gas
NYSE: MCF
Core-Mark
Nasdaq: CORE
Daegis
Nasdaq: DAEG
Dendreon
Nasdaq: DNDN
Depomed
Nasdaq: DEPO
Descartes Systems
Nasdaq: DSGX
Document Security Systems
NYSE: DSS
Dolan
Nasdaq: DOLN
DryShips
Nasdaq: DRYS
DXP Enterprises
Nasdaq: DXPE
Enstar Group
Nasdaq: ESGR
Entertainment Gaming Asia
NYSE: EGT
EV Energy Partners
Nasdaq: EVEP
Exlservice
Nasdaq: EXLS
Ferrellgas Partners
NYSE: FGP
First Bancorp
Nasdaq: FNLC
First United
Nasdaq: FUNC
Five Star Quality Care
NYSE: FVE
Flamel Technologies
Nasdaq: FLML
Full House Resorts
NYSE: FLL
Gasco Energy
Nasdaq: GSXN
Gevo
Nasdaq: GEVO
Global Geophysical
NYSE: GGS
Guidewire Software
Nasdaq: GWRE
Handy & Harman
NYSE: HNH
Hertz Global
NYSE: HTZ
Heska
Nasdaq: HSKA
Hickory Tech
Nasdaq: HTCO
HKN Inc.
Nasdaq: HKNI
Hugoton Royalty
NYSE: HGT
Icahn Enterprises
NYSE: IEP
ImmunoCellular Therapeutics
Nasdaq: IMUC
Independence Holding
NYSE: IHC
InSite Vision
Nasdaq: INSV
Institutional Financial Markets
Nasdaq: IFMI
James River Coal
Nasdaq: JRCC
JinkoSolar
NYSE: JKS
Kayne Anderson MLP
NYSE: KYN
Lakeland Financial
Nasdaq: LKFN
Loral Space & Communications
Nasdaq: LORL
Mack-Cali Realty
NYSE: CLI
Magellan Health
Nasdaq: MGLN
MagnaChip Semiconductor
NYSE: MX
MBIA Inc.
NYSE: MBI
McDermott Int’l
NYSE: MDR
Mecox Lane
Nasdaq: MCOX
MiMedx Group
Nasdaq: MDXG
Mindray Medical
NYSE: MR
Molycorp
NYSE: MCP
National Beverage
Nasdaq: FIZZ
National Western Life
Nasdaq: NWLI
Navistar International
NYSE: NAV
NeoPhotonics
Nasdaq: NPTN
New Mountain Finance
Nasdaq: NMFC
NewLink Genetics
Nasdaq: NLNK
Nortech Systems
Nasdaq: NSYS
NU Skin Enterprises
NYSE: NUS
NuVasive
Nasdaq: NUVA
OFS Capital
NYSE: OFS
Orthofix
Nasdaq: OFIX
Pacific Mercantile Bancorp
Nasdaq: PMBC
PDL BioPharma
Nasdaq: PDLI
Pengrowth Energy
NYSE: PGH
Perion Network
Nasdaq: PERI
PICO Holdings
Nasdaq: PICO
PostRock Energy
Nasdaq: PSTR
QR Energy
NYSE: QRE
Quality Distribution
Nasdaq: QLTY
Qualstar
Nasdaq: QBAK
RadNet
Nasdaq: RDNT
Regional Management
NYSE: RM
Reis
Nasdaq: REIS
RELM Wireless
NYSE: RWC
Renewable Energy
Nasdaq: REGI
Rockwood Holdings
NYSE: ROC
San Juan Basin Royalty Trust
NYSE: SJT
Saul Centers
NYSE: BFS
SEACOR
NYSE: CKH
Seaspan
NYSE: SSW
Southwest Bancorp
Nasdaq: OKSB
SP Bancorp
Nasdaq: SPBC
Stillwater Mining
NYSE: SWC
Stratasys
Nasdaq: SSYS
Sun Hydraulics
Nasdaq: SNHY
Superior Industries
NYSE: SUP
Synageva Biopharma
Nasdaq: GEVA
Tech Data
Nasdaq: TECD
Tejon Ranch
NYSE: TRC
Threshold Pharmaceuticals
Nasdaq: THLD
Universal Insurance
NYSE: UVE
URS
NYSE: URS
Urstadt Biddle
NYSE: UBA
Vector Group
NYSE: VGR
Veracyte
Nasdaq: VCYT
Verso Paper
NYSE: VRS
Vipshop
Nasdaq: VIPS
VirnetX
NYSE: VHC
Winland Electronics
Nasdaq: WELX
Winthrop Realty Trust
NYSE: FUR
York Water
Nasdaq: YORW
Zalicus
Nasdaq: ZLCS
ZipRealty
Nasdaq: ZIPR
TUESDAY

ABM Industries
NYSE: ABM
AeroVironment
Nasdaq: AVAV
Alon USA Partners
Nasdaq: ALDW
American Electric Technologies
Nasdaq: AETI
Autozone
NYSE: AZO
Bazaarvoice
NYSE: BV
Bio-Reference Laboratories
Nasdaq: BRLI
Bob Evans Farms
Nasdaq: BOBE
Cal Dive
NYSE: DVR
Carmike Cinemas
Nasdaq: CKEC
Cell Therapeutics
Nasdaq: CTIC
Cumberland Pharmaceuticals
Nasdaq: CPIX
E.W. Scripps
NYSE: SSP
FairPoint Communications
NYSE: FRP
Gentiva Health Services
Nasdaq: GTIV
Getty Realty
NYSE: GTY
GTX Inc.
Nasdaq: GTXI
HCI Group
NYSE: HCI
HFF
NYSE: HF
Hilltop Holdings
NYSE: HTH
Ignite Restaurant Group
NYSE: IRG
John Bean Technologies
NYSE: JBT
Journal Communications
NYSE: JRN
Mid-Con Energy
Nasdaq: MCEP
Midstates Petroleum
NYSE: MPO
NACCO
NYSE: NC
New York Mortgage Trust
Nasdaq: NYMT
Park-Ohio
Nasdaq: PKOH
PCTEL
Nasdaq; PCTI
RadioShack
NYSE: RSH
Scorpio Bulkers
Nasdaq: SALT
Smith & Wesson
Nasdaq: SWHC
Systemax
NYSE: SYX
Tecumseh Products
Nasdaq: TECUA
The Chefs’ Warehouse
Nasdaq: CHEF
Trinity Biotech
Nasdaq: TRIB
Veeva Systems
Nasdaq: VEEV
Xerium Technologies
NYSE: XRM
YY Inc.
NYSE: YY
WEDNESDAY

Agenus
Nasdaq: AGEN
Air Transport Services
Nasdaq: ATSG
ArQule
Nasdaq: ARQL
Biolase
Nasdaq: BIOL
Boyd Gaming
NYSE: BYD
Canadian Solar
Nasdaq: CSIQ
Carriage Services
NYES: CSV
Casella Waste Systems
Nasdaq: CWST
Coca Cola Bottling
Nasdaq: COKE
Columbia Laboratories
Nasdaq: CBRX
Cross Country Healthcare
Nasdaq: CCRN
diaDexus
Nasdaq: DDXS
Endeavour Int’l
NYSE: END
Energy Recovery
Nasdaq: ERII
Envision Healthcare
Nasdaq: EVHC
Esperion Therapeutics
Nasdaq: ESPR
Federal Signal
NYSE: FSS
General Communication
Nasdaq: GNCMA
Gentherm
Nasdaq: THRM
Giant Interactive
NYSE: GA
Houghton Mifflin Harcourt
Nasdaq: HMHC
Hovnanian Enterprises
NYSE: HOV
Interxion
Nasdaq: INXN
inTest
Nasdaq: INTT
LHC Group
Nasdaq: LHCG
Lincoln Educational Services
Nasdaq: LINC
Lydall
NYSE: LDL
MCG Capital
Nasdaq: MCGC
Memorial Production
Nasdaq: MEMP
Middlesex Water
Nasdaq: MSEX
Miller Industries
NYSE: MLR
MYR Group
Nasdaq: MYRG
Osiris Therapeutics
Nasdaq: OSIR
Oxford Resource Partners
NYSE: OXF
PetSmart
Nasdaq: PETM
POZEN
Nasdaq: POZN
Revlon
NYSE: REV
RigNet
Nasdaq: RNET
Rouse Properties
NYSE: RSE
RRsat Global Communications
Nasdaq: RRST
Schawk
NYSE: SGK
Semtech
Nasdaq: SMTC
Southcross Energy
NYSE: SXE
SP Plus
NYSE: SP
Spark Networks
NYSE: LOV
Spartan Stores
Nasdaq: SPTN
Speedway Motorsports
NYSE: TRK
Star Bulk Carriers
Nasdaq: SBLK
Synacor
Nasdaq: SYNC
THL Credit
Nasdaq: TCRD
Universal American
NYSE: UAM
ValueVision Media
Nasdaq: VVTV
WuXi Pharmatech
NYSE: WX
ZAIS Financial
NYSE: ZFC
Zogenix
Nasdaq: ZGNX
THURSDAY

21Vianet
Nasdaq: VNET
Alamo Group
NYSE: ALG
Alaska Communications
Nasdaq: ALSK
Alexza Pharmaceuticals
Nasdaq: ALXA
Alon USA Energy
NYSE: ALJ
Ambarella
Nasdaq: AMBA
Analogic
Nasdaq: ALOG
Arabian American Development
Nasdaq: ARSD
Baxano Surgical
Nasdaq: BAXS
Benefitfocus
Nasdaq: BNFT
Biospecifics Technologies
Nasdaq: BSTC
Blackrock Kelso Capital
Nasdaq: BKCC
BPZ Resources
NYSE: BPZ
CECO Environmental
Nasdaq: CECE
Checkpoint Systems
NYSE: CKP
Chembio Diagnostics
Nasdaq: CEMI
Chesapeake Utilities
NYSE: CPK
Children’s Place Retail Stores
Nasdaq: PLCE
Ciena
Nasdaq: CIEN
Comtech Telecommunications
Nasdaq: CMTL
Cooper Cos.
NYSE: COO
Costco
Nasdaq: COST
CPI Aerostructures
NYSE: CVU
Craft Brew Alliance
Nasdaq: BREW
CST Brands
NYSE: CST
CTC Media
Nasdaq: CTCM
Descartes Systems Group
Nasdaq: DSGX
Dot Hill Systems
Nasdaq: HILL
Emergent BioSolutions
NYSE: EBS
Finisar
Nasdaq: FNSR
Five Star Quality Care
NYSE: FVE
FLY Leasing
NYSE: FLY
Fresh Market
NYSE: TFM
FXCM
Nasdaq: FXCM
Glowpoint
Nasdaq: GLOW
H&R Block
NYSE: HRB
IDT
NYSE: IDT
Information Services Group
NYSE: III
Jamba
Nasdaq: JMBA
Joy Global
NYSE: JOY
Korn/Ferry
NYSE: KFY
Kroger
NYSE: KR
Lehigh Gas Partners
NYSE: LGP
LRR Energy
NYSE: LRE
Microvision
Nasdaq: MVIS
Nature’s Sunshine Products
Nasdaq: NATR
Navidea Biopharmaceuticals
Nasdaq: NAVB
Neonode
Nasdaq: NEON
NGP Capital Resources
Nasdaq: NGPC
Novatel Wireless
Nasdaq: NVTL
Perficient
Nasdaq: PRFT
Pinnacle Foods
NYSE: PF
Qihoo 360 Technology
Nasdaq: QIHU
Quanex Building Products
NYSE: NX
Quiksilver
NYSE: ZQK
Repligen
Nasdaq: RGEN
Safeguard Scientifics
NYSE: SFE
Sanchez Energy
NYSE: SN
Skullcandy
Nasdaq: SKUL
Spectrum Pharmaceuticals
Nasdaq: SPPI
Stage Stores
NYSE: SSI
Staples
Nasdaq: SPLS
Stoneridge
NYSE: SRI
Sunesis Pharmaceuticals
Nasdaq: SNSS
Synergetics USA
Nasdaq: SURG
Thor Industries
NYSE: THO
Trans World Entertainment
Nasdaq: TWMC
U.S. Physical Therapy
Nasdaq: USPH
U.S. Auto Parts Network
Nasdaq: PRTS
U.S. Concrete
Nasdaq: USCR
Verastem
Nasdaq: VSTM
Vermillion
Nasdaq: VRML
VimpelCom
NYSE: VIP
Violin Memory
Nasdaq: VMEM
W&T Offshore
NYSE: WTI
Warren Resources
Nasdaq: WRES
Winthrop Realty Trust
NYSE: FUR
Zalicus
Nasdaq: ZLCS
FRIDAY

Big Lots
NYSE: BIG
Chimerix
Nasdaq: CMRX
Dolan
Nasdaq: DOLN
Foot Locker
NYSE: FL
Furmanite
NYSE: FRM
Handy & Harman
NYSE: HNH
Hertz Global
NYSE: HTZ
Independence Holding
NYSE: IHC
James River Coal
Nasdaq: JRCC
Jones Soda
Nasdaq: JSDA
MeetMe
Nasdaq: MEET
Monroe Capital
Nasdaq: MRCC
Peregrine Pharmaceuticals
Nasdaq: PPHM
Piedmont Natural Gas
NYSE: PNY
Poseidon Concepts
Nasdaq: POOSF
Tejon Ranch
NYSE: TRC
Urstadt Biddle Properties
NYSE: UBA
Valero Energy Partners
NYSE: VLP
Western Asset Mortgage Capital
NYSE: WMC

Other Reports of Interest:
The Real Estate Week Ahead

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.

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