THE HEDGEYE DAILY OUTLOOK

02/26/14 07:32AM EST

TODAY’S S&P 500 SET-UP – February 25, 2014


As we look at today's setup for the S&P 500, the range is 35 points or 1.47% downside to 1818 and 0.43% upside to 1853.                

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: 2.38 from 2.39
  • VIX closed at 13.67 1 day percent change of -3.94%

MACRO DATA POINTS (Bloomberg Estimates):

  • 7am: MBA Mortgage Applications, Feb. 21 (prior -4.1%)
  • 10am: New Home Sales, Jan., est. 400k (prior 414k)
  • 10:30am: DOE Energy Inventories
  • 12pm: Fed’s Rosengren speaks in Boston
  • 7:30pm: Fed’s Pianalto speaks in Wooster, Ohio

GOVERNMENT:

    • 9:30am: Senate Homeland Security panel holds hearing on offshore tax evasion by multinational cos.
    • 10am: FDIC releases Q4 report for insured institutions
    • 10am: House Financial Svcs panel meets on allegations of improper lobbying and obstruction at HUD
    • 10am: House Homeland Security Cmte hears from Homeland Security Secretary Jeh Johnson on agency priorities
    • 10am: House Oversight Cmte holds hearing on surveillance at FDA
    • 2pm: President Obama speaks on economy in St. Paul, Minn.
    • 2:30pm: Senate Armed Svcs panel hears testimony on Defense Dept IT acquisition process
    • Reid opposes wage below $10.10 as some Democrats ready to talk

WHAT TO WATCH:

  • JPMorgan, Goldman, 16 others to end some analyst surveys
  • Credit Suisse said to face SEC probe over accounting moves
  • Credit Suisse helped clients hide billions, U.S. Senate says
  • GE takes $1.7b charge in accord to end Shinsei liability
  • Morgan Stanley agrees to pay $275m to resolve SEC probe
  • BofA cuts deal with Buffett on preferred stake to boost capital
  • J. Crew said to be talking with banks about IPO later this yr
  • Facebook-WhatsApp deal risks sparking privacy probes across EU
  • AB InBev sees improving beer market trends in U.S., Brazil
  • Airbus predicts profit gain as it boosts A320 jet production
  • Mt. Gox shutdown triggers Bitcoin industry damage control
  • Trade leads U.K. economy to growth as recovery broadens
  • DreamWorks Animation tumbles as "Turbo" leads to rev. drop
  • Honda to end production of Insight hybrid as sales trail Prius
  • Delta plans major rewrite of frequent-flier rules: WSJ

AM EARNS:

    • Abercrombie & Fitch (ANF) 7am, $1.04 - Preview
    • AES (AES) 6am, $0.29
    • Ares Capital (ARCC) 8am, $0.41
    • Barnes & Noble (BKS) 8:30am, $0.51
    • Cablevision Systems (CVC) 8:30am, $0.09 - Preview
    • CenterPoint Energy (CNP) 8:15am, $0.28
    • Chesapeake Energy (CHK) 7:01am, $0.40 - Preview
    • Dollar Tree (DLTR) 7:31am, $1.05 - Preview
    • First Majestic Silver (FR CN) 7am, $0.11
    • Lowe’s (LOW) 6am, $0.31 - Preview
    • Royal Bank of Canada (RY CN) 6am, C$1.45 - Preview
    • Target (TGT) 7:30am, $1.24 - Preview
    • Taser Intl (TASR) 7:30am, $0.08
    • TJX (TJX) 8:28am, $0.83 - Preview

PM EARNS:

    • American Water Works (AWK) 4:05pm, $0.46
    • Antero Resources (AR) 4:05pm, $0.25
    • Assured Guaranty (AGO) 5:26pm, $0.65
    • Autodesk (ADSK) 4:01pm, $0.34
    • Continental Resources (CLR) 6:12pm, $1.31
    • Darling Intl (DAR) 4:30pm, $0.28
    • Gulfport Energy (GPOR) 4:05pm, $0.18
    • Halcon Resources (HK) 4:15pm, $0.05
    • Infoblox (BLOX) 4:05pm, $0.11
    • J.C. Penney (JCP) 4pm, $(0.86) - Preview
    • L Brands (LB) 4pm, $1.61
    • Nektar Therapeutics (NKTR) 4:15pm, $(0.37)
    • Pembina Pipeline (PPL CN) 4:05pm, C$0.30
    • TiVo (TIVO) 4:01pm, $0.04
    • Transocean (RIG) 4:39pm, $0.72
    • Whiting Petroleum (WLL) 4pm, $0.88
    • Workday (WDAY) 4:02pm, $(0.16)

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

  • WTI Crude Trades Near Week Low on U.S. Stockpiles; Brent Stable
  • Bird Flu Brings More Pain for Feed Sellers in China Hurt by Hogs
  • Soybeans Drop From Five-Month High as Global Supply Seen Ample
  • Credit Agricole Says Easy Money Shorting Gold Over as China Buys
  • Tin Reaches Four-Month High as Indonesian Exchange Sets Minimum
  • Sugar Falls as Traders Take Profit on Rain Return; Coffee Slides
  • Tin Floor Price Set by Indonesia Bourse to Help Mining Companies
  • U.S. Natural Gas Poised for Biggest Three-Day Loss Since 2007
  • Winter Warmth Seen Flooding Asia With Japanese Kerosene: Energy
  • Oil-by-Rail Disasters Prompt U.S. Crackdown on Risky Shipments
  • Investors Mount Attack on Norway in $20 Billion Oil, Gas Row
  • Singapore Bids for Asia’s LNG Hub Role With Second Terminal
  • Agrium Forecasts Higher U.S. Corn Cash Margin, Lower Soy in 2014
  • Gold Reaches 17-Week High on U.S. Data as SPDR Holdings Expand

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 - 7

ASIAN MARKETS

 

THE HEDGEYE DAILY OUTLOOK - 8

MIDDLE EAST

 

THE HEDGEYE DAILY OUTLOOK - 9

The Hedgeye Macro Team

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.