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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.



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Tuesday, May 31, 2016

Week Ahead Stock Market Catalysts

early bird special
The week ahead is a curious one, including a few critical data catalysts that could influence markets from a macro perspective. Consumer spending data at the start of the week could take stocks to new 52-week highs. But the longevity of those gains will likely depend on the result of China’s manufacturing PMI data on Wednesday. Crude oil inventory data will continue to play importantly, and of course, the monthly jobs data due on Friday will be influential. Through it all, I expect we are likely to mark a new high for stocks, but beware as the dollar’s shadow is starting to cast darkness over the land of commodities and multinationals. See the whole story at Market Moving Catalysts for the Week Ahead.

Security Sector
Week Ended 05-27-16
SPDR S&P 500 (NYSE: SPY)
+2.3%
SPDR Dow Jones (NYSE: DIA)
+2.1%
PowerShares QQQ (Nasdaq: QQQ)
+3.4%
iShares Russell 2000 (NYSE: IWM)
+3.4%
Vanguard Total Stock Market (NYSE: VTI)
+2.4%
Financial Select Sector SPDR (NYSE: XLF)
+2.6%
Technology Select Sector SPDR (Nasdaq: XLK)
+3.2%
Energy Select Sector SPDR (NYSE: XLE)
+1.5%
Health Care Select Sector SPDR (NYSE: XLV)
+2.1%
Consumer Discretionary Select Sector SPDR (NYSE:  XLY)
+2.0%
Consumer Staples Select Sector SPDR (NYSE: XLP)
+1.6%
Utilities Select Sector SPDR (NYSE: XLU)
+1.1%
Materials Select Sector SPDR (NYSE: XLB)
+1.9%
Industrial Select Sector SPDR (NYSE: XLI)
+1.6%
iPath S&P 500 VIX ST Futures (NYSE: VXX)
-10%
SPDR Gold Trust (NYSE: GLD)
-3.4%
United States Oil (NYSE: USO)
+2.0%
PowerShares DB US Dollar Bullish (NYSE: UUP)
+0.4%

DISCLOSURE: Kaminis is long UUP. 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. Article should interest investors in SPDR Dow Jones Industrial Average (NYSE: DIA), SPDR S&P 500 (NYSE: SPY), PowerShares QQQ Trust (Nasdaq: QQQ), ProShares Short Dow 30 (NYSE: DOG), ProShares Ultra Short S&P 500 (NYSE: SDS), ProShares Ultra QQQ (NYSE: QLD), NYSE Euronext (NYSE: NYX), The NASDAQ OMX Group (Nasdaq: NDAQ), Intercontinental Exchange (NYSE: ICE), E*Trade Financial (Nasdaq: ETFC), Charles Schwab (Nasdaq: SCHW), Asset Acceptance Capital (Nasdaq: AACC), Affiliated Managers (NYSE: AMG), Ameriprise Financial (NYSE: AMP), TD Ameritrade (Nasdaq: AMTD), BGC Partners (Nasdaq: BGCP), Bank of New York Mellon (NYSE: BK), BlackRock (NYSE: BLK), CIT Group (NYSE: CIT), Calamos Asset Management (Nasdaq: CLMS), CME Group (NYSE: CME), Cohn & Steers (NYSE: CNS), Cowen Group (Nasdaq: COWN), Diamond Hill Investment (Nasdaq: DHIL), Dollar Financial (Nasdaq: DLLR), Duff & Phelps (Nasdaq: DUF), Encore Capital (Nasdaq: ECPG), Edelman Financial (Nasdaq: EF), Equifax (NYSE: EFX), Epoch (Nasdaq: EPHC), Evercore Partners (NYSE: EVR), EXCorp. (Nasdaq: EZPW), FBR Capital Markets (Nasdaq: FBCM), First Cash Financial (Nasdaq: FCFS), Federated Investors (NYSE: FII), First Marblehead (NYSE: FMD), Fidelity National Financial (NYSE: FNF), Financial Engines (Nasdaq: FNGN), FXCM (Nasdaq: FXCM), Gamco Investors (NYSE: GBL), GAIN Capital (Nasdaq: GCAP), Green Dot (Nasdaq: GDOT), GFI Group (Nasdaq: GFIG), Greenhill (NYSE: GHL), Gleacher (Nasdaq: GLCH), Goldman Sachs (NYSE: GS), Interactive Brokers (Nasdaq: IBKR), INTL FCStone (Nasdaq: INTL), Intersections (Nasdaq: INTX), Investment Technology (NYSE: ITG), Invesco (NYSE: IVZ), Jefferies (NYSE: JEF), JMP Group (NYSE: JMP), Janus Capital (NYSE: JNS), KBW (NYSE: KBW), Knight Capital (NYSE: KCG), Lazard (NYSE: LAZ), Legg Mason (NYSE: LM), LPL Investment (Nasdaq: LPLA), Ladenburg Thalmann (AMEX: LTS), Mastercard (NYSE: MA), Moody’s (NYSE: MCO), MF Global (NYSE: MF), Moneygram (NYSE: MGI), MarketAxess (Nasdaq: MKTX), Marlin Business Services (Nasdaq: MRLN), Morgan Stanley (NYSE: MS), MSCI (Nasdaq: MSCI), MGIC Investment (NYSE: MTG), NewStar Financial (Nasdaq: NEWS), National Financial Partners (NYSE: NFP), Nelnet (NYSE: NNI), Northern Trust (Nasdaq: NTRS), NetSpend (Nasdaq: NTSP), Ocwen Financial (NYSE: OCN), Oppenheimer (NYSE: OPY), optionsXpress (Nasdaq: OXPS), PICO (Nasdaq: PICO), Piper Jaffray (NYSE: PJC), PMI Group (NYSE: PMI), Penson Worldwide (Nasdaq: PNSN), Portfolio Recovery (Nasdaq: PRAA), Raymond James (NYSE: RJF), SEI Investments (Nasdaq: SEIC), Stifel Financial (NYSE: SF), Safeguard Scientifics (NYSE: SFE), State Street (NYSE: STT), SWS (NYSE: SWS), T. Rowe Price (Nasdaq: TROW), Visa (NYSE: V) and Virtus Investment Partners (Nasdaq: VRTS).

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Tuesday, December 22, 2015

Fear Factors are Firing

fear factor
Fear factors will be firing in the week ahead. Right from the start, Spain’s election results threaten everything, though it appears with a slow fuse now. After that, we have a pivotal GDP revision and a slew of other critical data that will serve to either confirm or confuse us about the appropriateness of the Federal Reserve’s tightening action. And just when we might get comfortable, the press will surely focus our attention to the risk of terrorism through the holiday period from Christmas to New Year’s Day – that is the traditional Santa Claus rally period, so uncertainty is abound. It all makes for a hard path to higher ground, so look for volatility to reign, with downs and ups and downs throughout. See more of the report on fear factors here.

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. Article interests Northrop Grumman (NYSE: NOC), Raytheon (NYSE: RTN), Alliant Techsystems (NYSE: ATK), Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA), NYSE: IWM, NYSE: TWM, NYSE: IWD, Honeywell (NYSE: HON), General Dynamics (NYSE: GD), Rockwell Collins (NYSE: COL), Goodrich (NYSE: GR), L-3 Communications (NYSE: LLL), SAIC (NYSE: SAI), FLIR Systems (Nasdaq: FLIR), EMBRAER (NYSE: ERJ), Spirit Aerosystems (NYSE: SPR), BE Aerospace (Nasdaq: BEAV), TransDigm Group (NYSE: TDG), CAE (NYSE: CAE), Hexcel (NYSE: HXL), Esterline Technologies (NYSE: ESL), Teledyne Technologies (NYSE: TDY), Curtiss-Wright (NYSE: CW), HEICO (NYSE: HEI), Triumph Group (NYSE: TGI), Orbital Sciences (NYSE: ORB), AAR Corp. (NYSE: AIR), Kaman Corp. (Nasdaq: KAMN), AeroVironment (Nasdaq: AVAV), Smith & Wesson (Nasdaq: SWHC), DigitalGlobe (NYSE: DGI), GenCorp (NYSE: GY), Hawk (AMEX: HWK), LMI Aerospace (Nasdaq: LMIA).

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Monday, October 05, 2015

Week Ahead – Clash of Greed vs. Fear

In the week ahead, expect to see a clash of factors affecting stocks. After a difficult data period last week, we will get a fresh look at the relatively strong service sector of the American economy. That should revive concern about the Federal Reserve’s rate plans for October, as should the release of the September FOMC meeting minutes. Finally, a volatile earnings season kicks off with the report of a prominent basic materials player that is dealing with a blow to commodity prices. Greed is back with the turn of the fiscal year for many institutional fund managers, but fear has not gone either, so expect a clash. See our week ahead report.

Security Sectors
Friday 10-02-15
SPDR S&P 500 (NYSE: SPY)
+1.5%
SPDR Dow Jones (NYSE: DIA)
+1.3%
PowerShares QQQ (Nasdaq: QQQ)
+1.8%
iShares Russell 2000 (NYSE: IWM)
+1.5%
Vanguard Total Stock Market (NYSE: VTI)
+1.5%
WisdomTree Hedged Equity Europe (NYSE: HEDJ)
+1.4%
iPath S&P 500 VIX (NYSE: VXX)
-5.2%
iShares 20+ Years Treasury Bond (NYSE: TLT)
+0.6%
SPDR Gold Trust (NYSE: GLD)
+2.1%
United States Oil (NYSE: USO)
+1.3%
PowerShares DB US Dollar Bullish (NYSE: UUP)
-0.2%

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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Monday, April 06, 2015

The Week Ahead – Shall We Reassess?

Greek
You can thank God for a Good Friday reporting of the monthly jobs report, which was disastrous. If not for the three day weekend, we might have had some serious volatility to deal with. But after a festive spring weekend to sooth our souls, stocks were only slightly shaken this morning before finding greener ground. Still, markets must reassess expectations for the economy and the Fed now that the latest jobs report indicated things were pretty poor in March.

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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.

Security
YTD
TTM
SPDR S&P 500 (NYSE: SPY)
+0.9%
+12.9%
SPDR Dow Jones (NYSE: DIA)
+0.2%
+10.6%
PowerShares QQQ (Nasdaq: QQQ)
+2.4%
+23.1%
SPDR Gold Shares (NYSE: GLD)
+1.1%
-8.2%
iPath S&P Crude Oil (NYSE: OIL)
-13.9%
-56.0%
PIMCO Total Return (Nasdaq: BOND)
+2.4%
+7.5%
PowerShares DB US $ Bullish (NYSE: UUP)
+6.2%
+19.4%
iPath S&P VIX ST Futures (NYSE: VXX)
-19.1%
-40.1%

Stocks are at a crossroads, reassessing the situation. The market is about even from where it started the year, and facing various data that want to drive it in different directions. The economy and the Federal Reserve are most present today in the factor model for stocks, so keep an eye on developments therein.

The Week Ahead


Economic Reports


Economically speaking, the week is not without news. Though investors will still be stewing over last week’s data found in the monthly jobs report. While the unemployment rate was unchanged at 5.5%, nonfarm payroll growth was dramatically short of economists’ expectations and not reflective of a healthy economy. The government reported 126K nonfarm payroll additions for March, versus expectations for 247K. The anemic pace of job creation was down from a revised lower February figure of 264K.

This week, the service sector, which dominates the American economy, gets a checkup. Both Markit Economics and ISM data points will be reported, with expectations set for not much change this month. Too many data points are pointing to trouble for Q1, but the service sector has not caved. According to Gallup, consumer spending is up as well; that would surely be benefiting from lower gasoline prices.

The FOMC meeting minutes will be released on Wednesday. They may have been rendered mute by the latest jobs report, but I still expect to see that an active debate is underway within the Fed with regard to the interest rate hike timeline. This could stir up concern anew, but I expect an unsettling of markets will quickly stagnate again as pundits point to the economic data flow as critical to the data-dependent Fed, and its comments coming through this week.

Keep your eye on the weekly Petroleum Status Report, as pretty soon the weekly builds in inventory we have grown accustomed to will switch over to weekly draws from inventory. Several factors, including dollar decline, are now serving energy and I expect the inflection point in the inventory flow to serve energy prices as well.

Expect post-holiday weekly jobless claims to tick back up after last week’s reported tiny claim total. The JOLTS Report this week will add to the labor discussion, as we learn about the growing number of jobs available to Americans.

International events will weigh heavy this week, as the Greek Prime Minister meets with Russia’s Vladimir Putin, possibly about alternatives to EU membership. The devil may offer Greece a tempting sin it may not be able to come back from, so I hope Greece finds more support from the IMF and its EU partners before such a fall. The Bank of Japan (BOJ) and Bank of England (BOE) report monetary policy this week, but we’ll keep our focus on the BOJ. Its dovishness contrasts with the Fed’s plans and has given the dollar its nascent bubbly look. We’ll want to look for signs of future change in that regard. The dollar is coming under significant stress given the latest economic data, which serves the Fed’s patience.

THIS WEEK’S ECONOMIC REPORT SCHEDULE

Economic Data Point
Prior
Expect
Actual
MONDAY



Many Overseas Markets Closed



56.9
56.7
56.5
57.1
58.4
59.2
4.7


$82

$86



TUESDAY



$11.6B
$14.0B

4.877M
5.075M
4.998M
3.0%


1





WEDNESDAY



4.6%





-Crude Oil Inventory
4.8MB


-Gasoline Inventory
-4.3MB











Greek PM Meets Putin



THURSDAY



268K
285K

46.2


-18bcf


Wholesale Trade – Inventories
0.3%
0.2%

-Sales



Chain Store Sales



FRIDAY



-0.1%
-0.2%

-Import Prices
+0.4%
-0.3%

-$192.3B
-$43.0B







Orthodox Good Friday




EPS Reports


The earnings schedule reflects the formal start of earnings season with the report of Alcoa (NYSE: AA). Still, very few companies report during this Bright Week. Look to next week for the real start of the earnings flow.

HIGHLIGHTED EPS REPORTS
Company
Ticker
MONDAY

Arthur J. Gallagher
NYSE: AJG
Body Central
Nasdaq: BODY
Consumer Portfolio Services
Nasdaq: CPSS
Healthcare Services Group
Nasdaq: HCSG
Marketo
Nasdaq: MKTO
NII Holdings
Nasdaq: NIHDQ
Orthofix International
Nasdaq: OFIX
Quicksilver Resources
Nasdaq: KWKAQ
Schulman A. Inc.
Nasdaq: SHLM
The Wet Seal
Nasdaq: WTSLQ
Zep Inc.
NYSE: ZEP
TUESDAY

Dave & Buster’s Entertainment
Nasdaq: PLAY
Exceed Co.
NYSE: EDS
Greenbrier Co.
NYSE: GBX
Hooker Furniture
Nasdaq: HOFT
International Speedway
Nasdaq: ISCA
Joe’s Jeans
Nasdaq: JOEZ
Mitcham Industries
Nasdaq: MIND
Schnitzer Steel Industries
Nasdaq: SCHN
Team Inc.
Nasdaq: TISI
WEDNESDAY

Alcoa
NYSE: AA
Alcobra
Nasdaq: ADHD
API Technologies
Nasdaq: ATNY
Apogee Enterprises
Nasdaq: APOG
Bed Bath & Beyond
Nasdaq: BBBY
Family Dollar Stores
NYSE: FDO
Global Payments
NYSE: GPN
Mistras Group
NYSE: MG
MSC Industrial Direct
NYSE: MSM
Northern Technologies Int’l
Nasdaq: NTIC
OMNOVA Solutions
NYSE: OMN
Pier 1 Imports
NYSE: PIR
Resources Connection
Nasdaq: RECN
Richardson Electronics
Nasdaq: RELL
Rite Aid
NYSE: RAD
RPM International
NYSE: RPM
WD-40
Nasdaq: WDFC
THURSDAY

AngioDynamics
Nasdaq: ANGO
Ceres
Nasdaq: CERE
Constellation Brands
NYSE: STZ
Fuwei Films
Nasdaq: FFHL
PriceSmart
Nasdaq: PSMT
Ruby Tuesday
NYSE: RT
Synergy Resources
Nasdaq: SYRG
FRIDAY

Daqo New Energy
NYSE: DQ

DISCLOSURE: Kaminis is short UUP. 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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