April 26, 2013
SECTOR PERFORMANCE
EQUITY SENTIMENT:
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
CURRENCIES
GLOBAL PERFORMANCE
EUROPEAN MARKETS
ASIAN MARKETS
MIDDLE EAST
The Hedgeye Macro Team