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April 26, 2013                                                                                                  

SECTOR PERFORMANCE


THE HEDGEYE DAILY OUTLOOK - 1A

THE HEDGEYE DAILY OUTLOOK - 2

EQUITY SENTIMENT:


THE HEDGEYE DAILY OUTLOOK - 10


CREDIT/ECONOMIC MARKET LOOK:

  • YIELD CURVE: 1.46 from 1.48
  • VIX closed at 13.62 1 day percent change of 0.07%

MACRO DATA POINTS (Bloomberg Estimates):

  • 8:30am: GDP, 1Q, est. 3.0% (prior 0.4%)
  • 8:30am: Personal Consumption, 1Q, est. 2.8% (prior 1.8%)
  • 8:30am: GDP Price Index, 1Q, est. 1.3% (prior 1%)
  • 8:30am: Core PCE, 1Q, est. 1.1% (prior 1%)
  • 9:55am: U. of Mich Conf, April final, est. 73.5 (prior 72.3)
  • 11am: Fed to purchase $2.75b-$3.5b notes in 2020-2023 sector
  • 1pm: Baker Hughes rig count

GOVERNMENT:

    • President Obama hosts Jordan’s King Abdullah at White House
    • 9:30am: House Science, Space and Technology panel meets to review federal hydraulic fracturing research
    • 10:30am: House Foreign Affairs panel holds hearing on Islamist extremism in Chechnya

WHAT TO WATCH

  • Archer-Daniels-Midland wins GrainCorp board approval for bid
  • Boeing 787 poised to resume flights in Japan after approval
  • UPS ends Teamsters strike risk w/new contract before deadline
  • Samsung sold a third of smartphones as iPhone growth slows
  • Economic growth in U.S. probably picked up in 1Q
  • Yahoo’s Amoroso resigns as chairman, plans to leave board
  • U.K. banks said to be rattled by regulator silence on capital
  • Schneiderman won’t seek damages from Ex-AIG CEO Greenberg
  • Google’s Motorola royalty demand to Microsoft cut by judge
  • EA must face fraud claim by man seeking “Madden” royalties
  • Dell gets Silver Lake investor cheers in rare feat w/PC talk
  • Empire State Building IPO plan nears pivotal test in court
  • Senate passes last-ditch bill to end controller furloughs
  • Online sales-tax measure advances to May 6 vote in Senate
  • Carlyle joins Pantheon with new offices in Colombia, Peru
  • ECB, Fed, Facebook, Buffett, Derby: Week Ahead April 27-May 4

EARNINGS:

    • Autolive (ALV) 6am, $1.21
    • Corporate Office Properties (OFC) 6am, $0.41
    • Covidien (COV) 6am, $1.09 - Preview
    • Tyco International (TYC) 6am, $0.39
    • Barnes Group (B) 6:30am, $0.44
    • Goodyear Tire & Rubber (GT) 6:30am, $0.30
    • ImmunoGen (IMGN) 6:30am, $(0.16)
    • Aon (AON) 6:30am, $1.10
    • American Electric Power (AEP) 6:57am, $0.81
    • Brookfield Office Properties (BPO CN) 7am, $0.26 - Preview
    • Simon Property Group (SPG) 7am, $2.01 - Preview
    • National Oilwell Varco (NOV) 7am, $1.36
    • LifePoint Hospitals (LPNT) 7am, $0.79
    • Alliance Resource Partners (ARLP) 7am, $1.34
    • DTE Energy (DTE) 7am, $1.07
    • Digital Realty Trust (DLR) 7am, $1.18
    • Alliance Holdings (AHGP) 7am, $0.83
    • Burger King Worldwide (BKW) 7am, $0.17
    • VF Corp (VFC) 7am, $2.19 - Preview
    • WisdomTree Investments (WETF) 7am, $0.06
    • DR Horton (DHI) 7am, $0.19 - Preview
    • LyondellBasell (LYB) 7am, $1.45
    • Ventas (VTR) 7:01am, $1.00
    • Chevron (CVX) 7:30am, $3.07 - Preview
    • HMS Holdings (HMSY) 7:30am, $0.18
    • FLIR Systems (FLIR) 7:30am, $0.36
    • FirstService (FSV CN) 7:30am, $(0.03)
    • Moog (MOG/A) 7:50am, $0.78
    • Lazard (LAZ) 8am, $0.31
    • GNC Holdings (GNC) 8am, $0.72
    • Itron (ITRI) 8am, $0.45
    • Medical Properties Trust (MPW) 8:30am, $0.26
    • Capital Power (CPX CN) 8:30am, C$0.40
    • TransCanada (TRP CN) 8:30am, C$0.54
    • Forum Energy Technologies (FET) Bef-mkt, $0.33
    • AbbVie (ABBV) Bef-mkt, $0.67 - Preview

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

  • Gold Buyers Throng Indian Stores for Second Week on Rally
  • Gold Traders Most Bullish in Month as Buying Surges: Commodities
  • Trafigura Said to Hire Former TNK-BP Trader Kollek in Moscow
  • Corn Traders Least Bullish Since September on Drier U.S. Outlook
  • Copper Falls as Stocks Keep Expanding Before Holiday in China
  • Coffee Falls to Lowest Since January on Supply View; Sugar Rises
  • Gold Extends Gains in New York on Signs of More Metal Purchases
  • Coal Slump Seen Ending on Deal at Four-Year Low: Energy Markets
  • Corn May Fall 36% on Record World Production: Chart of the Day
  • Boeing Supplier Says Aircraft ‘Brightest’ Market for Aluminum
  • Oil May Gain Next Week on Projected ECB Rate Cut, Survey Shows
  • Highest-Paid Workforce Driving Shell Offshore Australia: Energy
  • European Power Trading Falls a Second Year as Banks Drop Out
  • Gold Imports by China Seen Jumping as Price Slump Lures Buyers

THE HEDGEYE DAILY OUTLOOK - 5

 

CURRENCIES


THE HEDGEYE DAILY OUTLOOK - 6

GLOBAL PERFORMANCE

THE HEDGEYE DAILY OUTLOOK - 3

THE HEDGEYE DAILY OUTLOOK - 4

EUROPEAN MARKETS

THE HEDGEYE DAILY OUTLOOK - 7A

ASIAN MARKETS


THE HEDGEYE DAILY OUTLOOK - 8

MIDDLE EAST


THE HEDGEYE DAILY OUTLOOK - 9

The Hedgeye Macro Team