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TODAY’S S&P 500 SET-UP – October 30, 2013


As we look at today's setup for the S&P 500, the range is 22 points or 1.13% downside to 1752 and 0.12% upside to 1774.                                              

SECTOR PERFORMANCE

THE HEDGEYE DAILY OUTLOOK - 1

THE HEDGEYE DAILY OUTLOOK - 2

 

EQUITY SENTIMENT:

 

THE HEDGEYE DAILY OUTLOOK - 10                                                                                                                                                                  

 

CREDIT/ECONOMIC MARKET LOOK:

  • YIELD CURVE: 2.18 from 2.19
  • VIX closed at 13.41 1 day percent change of 0.75%

MACRO DATA POINTS (Bloomberg Estimates):

  • 7am: MBA Mortgage Applications, Oct. 25 (prior -0.6%)
  • 8:15am: ADP Employment Change, Oct., est 150k (prior 166k)
  • 8:30am: Consumer Price Index, Sept., est. 0.2% (prior 0.1%)
  • 10:30am: DOE Energy Inventories
  • 2pm: FOMC Rate Decision, est. 0%-0.25% (prior 0%-0.25%)

GOVERNMENT:

    • 9am: HHS Sec. Sebelius to testify before House Energy and Commerce Cmte on problems with HealthCare.gov rollout
    • 9:30am: House Transportation Cmte hearing on FAA’s aircraft certification process
    • 10am: House, Senate negotiators meet on FY 2014 budget resolution; have until Dec. 13 to deliver recommendations to Congress
    • 10am: FDIC to consider plan to implement liquidity risk standards for certain FDIC supervised firms
    • 10am: Senate Banking panel hearing on JOBS Act
    • 3:55pm: President Obama speaks on health care in Boston

WHAT TO WATCH:

  • Boeing said to near order haul of up to $87b for 777X
  • CFTC to adopt client-funds rule after MF Global, Peregrine
  • Obama presses lawmakers to confirm Mel Watt for FHFA
  • JPMorgan said to meet U.S. resistance on mortgage accord terms
  • AMR’s CEO sees way to settle federal suit on US Airways Merger
  • U.S. Steel to close some North American Capacity amid review
  • Defaults seen below crisis levels in next cycle, Moody’s says
  • Brixmor raises $825m in first REIT IPO by Blackstone
  • RBS said to review currency-trading practises
  • Barclays quarterly profit meets ests. as FICC revenue falls
  • Twitter adds photos and video previews to user feeds: NYT
  • LinkedIn 4Q rev., adj. Ebitda views miss ests.
  • Batista’s OGX said to plan bankruptcy protection filing today

AM EARNS:

    • AGL Resources (GAS) 8am, $0.15
    • American Tower (AMT) 7am, $0.91
    • Arrow Electronics (ARW) 8am, $1.20
    • Athabasca Oil (ATH CN) Bef-mkt, C$(0.07) - Preview
    • Automatic Data Processing (ADP) 7:30am, $0.66
    • BorgWarner (BWA) 8am, $1.34
    • Cameco (CCO CN) 8:30am, C$0.18 - Preview
    • Comcast (CMCSA) 7am, $0.61 - Preview
    • Corning (GLW) 7am, $0.32
    • Diebold (DBD) 8am, $0.42
    • Energen (EGN) 6:30am, $0.61
    • Exelon (EXC) 7:30am, $0.67
    • Garmin (GRMN) 7am, $0.59
    • General Motors (GM) 7:30am, $0.94 - Preview
    • Graphic Packaging (GPK) 7:30am, $0.13
    • Hess (HES) 7am, $1.44 - Preview
    • Hyatt Hotels (H) 7:30am, $0.22 - Preview
    • Jones Group (JNY) 7am, $0.42
    • Level 3 Communications (LVLT) 7am, $(0.12)
    • MSC Industrial Direct (MSM) 7:30am, $0.90
    • PG&E (PCG) 8:03am, $0.78
    • Phillips 66 (PSX) 8am, $0.93
    • Praxair (PX) 6:05am, $1.51
    • Public Service Enterprise (PEG) 7:30am, $0.76
    • Sealed Air (SEE) 6am, $0.33
    • Sherritt Intl (S CN) 7:42am, C$0.02 - Preview
    • SodaStream Intl (SODA) 7:30am, $0.84
    • Southern (SO) 7:30am, $1.11
    • Spirit Airlines (SAVE) 6:15am, $0.75
    • Sprint (S) 7am - Preview
    • SPX (SPW) 6:30am, $1.25
    • Taser Intl (TASR) 7:30am, $0.08
    • TE Connectivity (TEL) 6am, $0.90
    • Walter Energy (WLT) 8am, $(1.01) - Preview
    • Wisconsin Energy (WEC) 7am, $0.59

PM EARNS:

    • Active Network (ACTV) 4:05pm, $(0.01)
    • Allstate (ALL) 4:05pm, $1.44
    • American Capital Mortgage Investment (MTGE) 4:01pm, $0.78
    • Arris (ARRS) 4pm, $0.34
    • Atmel (ATML) 4:05pm, $0.09
    • Avis Budget Group (CAR) 4:15pm, $1.51
    • Axis Capital (AXS) 4:05pm, $1.22
    • Boston Beer (SAM) 4:10pm, $1.82
    • Canadian Oil Sands (COS CN) 5:01pm, C$0.42
    • Capstone Mining (CS CN) Aft-mkt, $0.02
    • Centerra Gold (CG CN) Aft-mkt, $(0.01)
    • Cogeco Cable (CCA CN) Aft-mkt, C$1.03
    • Community Health Systems (CYH) 4:15pm, $0.68
    • Computer Sciences (CSC) 4:15pm, $0.83
    • Cousins Properties (CUZ) 4:01pm, $0.12
    • Crocs (CROX) 4pm, $0.17
    • Duke Realty (DRE) 4:09pm, $0.28
    • Equity Residential (EQR) 4:21pm, $0.73
    • Exelixis (EXEL) 4:17pm, $(0.37)
    • Expedia (EXPE) 4pm, $1.36 - Preview
    • Facebook (FB) 4:05pm, $0.19 - Preview
    • First Quantum Minerals (FM CN) 5pm, $0.21 - Preview
    • FleetCor Technologies (FLT) 4:01pm, $0.98
    • Hanesbrands (HBI) 4:01pm, $1.13
    • InterMune (ITMN) 4pm, $(0.71)
    • International Rectifier (IRF) 4:01pm, $0.14
    • Intersil (ISIL) 4:05pm, $0.17
    • Intrepid Potash (IPI) 4:03pm, $0.07
    • Jarden (JAH) 4:05pm, $1.00
    • JDS Uniphase (JDSU) 4:05pm, $0.12
    • Key Energy Services (KEG) Aft-mkt, $0.01
    • Kraft Foods (KRFT) 4pm, $0.70 - Preview
    • Lincoln National (LNC) 4:10pm, $1.22
    • Lundin Mining (LUN CN) 5pm, $0.07 - Preview
    • Marriott (MAR) 4:30pm, $0.45 - Preview
    • MetLife (MET) 4:05pm, $1.36
    • Microchip Technology (MCHP) 4:15pm, $0.60
    • Murphy Oil (MUR) 4:31pm, $1.47
    • Owens-Illinois (OI) 4:04pm, $0.77
    • PerkinElmer (PKI) 4:01pm, $0.48
    • Questar (STR) 4:10pm, $0.18
    • Rovi (ROVI) 4:05pm, $0.48
    • Ruckus Wireless (RKUS) 4:05pm, $0.04
    • Skyworks Solutions (SWKS) 4:30pm, $0.62
    • Starbucks (SBUX) 4:05pm, $0.60 - Preview
    • SunPower (SPWR) 4:05pm, $0.25
    • Trinity Industries (TRN) 4:01pm, $1.17
    • United Online (UNTD) 4:15pm, $0.09
    • Visa (V) 4:05pm, $1.85
    • Williams (WMB) 4:01pm, $0.14
    • Williams Partners (WPZ) 4:01pm, $0.30
    • XL Group (XL) 4:01pm, $0.54

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

  • WTI Crude Declines for a Second Day as U.S. Inventories Grow
  • Billionaire Bets on Rare Earths After Uralkali Exit: Commodities
  • Copper Reaches One-Week High as Stockpiles Continue to Shrink
  • Cotton Has Longest Slump Since May as Harvests Add to Supplies
  • Soybeans Advance for Second Day on Export Demand, Palm’s Rally
  • Gold Swings Below Five-Week High in London Before Fed Meeting
  • Potash Producer ICL Weighing on Benchmark Index: Israel Markets
  • Indian Wheat Exports Seen at Record on Government Price Cut
  • MORE: Chalco Sees China Aluminum Output Reaching Record 24M Tons
  • EDF Nuclear-Deal Support Will Spur Power Projects: U.K. Credit
  • Silver Coin Premiums Fall as Comex Inventories Climb: BI Chart
  • Crop Insurance Hazards Revealed in Lost Pheasants in Grasslands
  • CFTC to Adopt Client-Funds Rule After MF Global, Peregrine Cases
  • Indonesia Seen Avoiding Total Ban on Mineral Ore Exports in 2014

THE HEDGEYE DAILY OUTLOOK - 5A

 

CURRENCIES

 

THE HEDGEYE DAILY OUTLOOK - 6A

GLOBAL PERFORMANCE

 

THE HEDGEYE DAILY OUTLOOK - 3A

THE HEDGEYE DAILY OUTLOOK - 4A

EUROPEAN MARKETS

 

THE HEDGEYE DAILY OUTLOOK - 7

ASIAN MARKETS

 

THE HEDGEYE DAILY OUTLOOK - 8

MIDDLE EAST

 

THE HEDGEYE DAILY OUTLOOK - 9

The Hedgeye Macro Team