• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

  • It's Here

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

TODAY’S S&P 500 SET-UP – August 5, 2014


As we look at today's setup for the S&P 500, the range is 25 points or 0.84% downside to 1904 and 0.46% upside to 1929.                                         

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: 1.99 from 2.02
  • VIX closed at 16.87 1 day percent change of 11.57%

 

MACRO DATA POINTS (Bloomberg Estimates):

  • 7am: MBA Mortgage Applications, Aug. 1 (prior -2.2%)
  • 8:30am: Trade Balance, June, est. -$44.8b (prior -$44.4b)
  • 10:30am: DOE Energy Inventories

GOVERNMENT:

    • Final day of U.S.-Africa Summit:
    • 10am: Session on “Investing in Africa’s Future”
    • 12:30pm: Session on “Peace and Regional Stability”
    • 2:30pm: Session on “Governing for the Next Generation”
    • 5pm: President Obama holds news conference
    • Republican CFTC Commissioner Scott O’Malia to step down

WHAT TO WATCH:

  • Sprint said to end T-Mobile discussions, to name new CEO
  • Murdoch’s Fox withdraws $75b offer for Time Warner
  • Walgreen said not to exit U.S. in buying rest of Boots
  • Walgreen to provide update on Alliance Boots deal ~6am
  • Apple, Samsung strike deal to end patent suits outside U.S.
  • China said to leave Apple iPad, MacBook off purchasing list
  • Cerner to buy Siemens health data business for $1.3b
  • Standard Chartered sees further penalty on new compliance issues
  • StanChart profit falls; sees challenging 2H ahead
  • Disney profit tops ests. as feature films spark studio gains
  • Groupon forecast trails ests. as e-commerce transition drags
  • Putin blasts sanctions as Poland cites Ukraine invasion risk
  • German factory orders slump as geopolitical risks leave mark
  • U.K. industrial production increases less than forecast
  • Goldman, Deutsche Bank said near deal for Greek buyout firm
  • Bats said in SEC settlement talks over high-speed-trading perks
  • Capital One sent subpoenas in New York’s money-laundering probe
  • Italian economy contracted 0.2% q/q in 2Q; est. +0.1%

AM EARNS:

    • Alpha Natural Resources (ANR) 7am, $(0.74)
    • AOL (AOL) 7am, $0.45
    • Ariad Pharmaceuticals (ARIA) 7:35am, $(0.29)
    • Athabasca Oil (ATH CN) 6am, C$(0.05)
    • Avnet (AVT) 8am, $1.11
    • CenterPoint Energy (CNP) 8:15am, $0.24
    • Chesapeake Energy (CHK) 7:01am, $0.44 - Preview
    • Cognizant Technology (CTSH) 6am, $0.63 - Preview
    • Denbury Resources (DNR) 7:30am, $0.27
    • Devon Energy (DVN) 8am, $1.40 - Preview
    • Diebold (DBD) 8:37am, $0.39
    • Dish Network (DISH) 6:04am, $0.51 - Preview
    • HollyFrontier (HFC) 7am, $0.95
    • Molson Coors (TAP) 7:30am, $1.47
    • Mondelez (MDLZ) 8am, $0.39 - Preview
    • Nationstar Mortgage (NSM) 7am, $0.90
    • Nu Skin Enterprises (NUS) 7:30am, $1.27
    • Parker Hannifin (PH) 7:30am, $2.08
    • Ralph Lauren (RL) 8:01am, $1.76 - Preview
    • Rockwood (ROC) 6:28am, $0.50
    • Rowan (RDC) 8am, $0.22
    • Sinclair Broadcast (SBGI) 7:30am, $0.36
    • Spectra Energy (SE) 6:30am, $0.30
    • Synta Pharmaceuticals (SNTA) 7:01am, $(0.27)
    • Time Warner (TWX) 7am, $0.84 - Preview
    • Viacom (VIAB) 7am, $1.43 - Preview
    • Visteon (VC) 7am, $0.71
    • Voya Financial (VOYA) 6am, $0.70

PM EARNS:

    • 21st Century Fox (FOXA) 4pm, $0.39
    • Agrium (AGU CN) 4:13pm, $4.11 - Preview
    • Alliant Energy (LNT) 6pm, $0.60
    • American Capital (ACAS) 4:01pm, $0.18
    • American Water Works (AWK) 4:15pm, $0.64
    • Annaly Capital Mgmt (NLY) 4:05pm, $0.26
    • Antero Resources (AR) 4:05pm, $0.37
    • Atmel (ATML) 4:05pm, $0.09
    • Babcock & Wilcox (BWC) 4:42pm, $0.49
    • Brookdale Senior Living (BKD) 4:23pm, $0.06
    • Celldex Therapeutics (CLDX) Aft-Mkt, $(0.32)
    • CenturyLink (CTL) 4:05pm, $0.65
    • Concho Resources (CXO) 5pm, $0.97
    • Corrections of America (CXW) 4:15pm, $0.46
    • Dun & Bradstreet (DNB) 4:15pm, $1.35
    • Dynegy (DYN) 4:30pm, $(0.07)
    • EnerSys (ENS) 4:01pm, $1.05
    • Envision Healthcare (EVHC) 4:08pm, $0.25
    • Franco-Nevada (FNV CN) 4pm, $0.23
    • Gulfport Energy (GPOR) 4:05pm, $0.16
    • Integrys Energy (TEG) 5:17pm, $0.46
    • InterMune (ITMN) 4:01pm, $(0.56)
    • Jack in the Box (JACK) 4:02pm, $0.57
    • Keurig Green Mountain (GMCR) 4pm, $0.88
    • Matador Resources (MTDR) 4:01pm, $0.30
    • MBIA (MBI) 4:05pm, $(0.20)
    • Molycorp (MCP) 4:04pm, $(0.23)
    • Neurocrine Biosciences (NBIX) 4:01pm, $(0.18)
    • Novavax (NVAX) 4:05pm, $(0.07)
    • NPS Pharmaceuticals (NPSP) 4:30pm, $0.00
    • Plains All American (PAA) 4:08pm, $0.50
    • Prudential Financial (PRU) 4:07pm, $2.35
    • QEP Resources (QEP) 4:30pm, $0.33
    • Regency Centers (REG) 4:01pm, $0.16
    • Sanchez Energy (SN) 4:30pm, $0.24
    • SandRidge Energy (SD) 4:15pm, $0.04
    • Sun Life Financial (SLF CN) 5:10pm, C$0.72 - Preview
    • Symantec (SYMC) 4:01pm, $0.42
    • Theravance (THRX) 4:05pm, $(0.41)
    • Transocean (RIG) 4:15pm, $1.11
    • Veresen (VSN CN) 4:22pm, C$0.04
    • YY (YY) 4:01pm, $0.59
    • Zulily (ZU) 4:05pm, $0.04

COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)

  • BHP Vows to Prevent Port Hedland Strike as Union Cites Impasse
  • Goldman Sees Iron Ore Rout Extending as Supply Growth Quickens
  • Iron Giants Graze Cows on Land Size of Connecticut: Commodities
  • Marubeni Said to Invest in IPO of Meat And Dairy Supplier Japfa
  • China Soy Imports Seen by Top Buyer Exceeding USDA Estimate
  • Zinc Drops Amid Speculation Stronger Dollar Will Erode Demand
  • Canada Canola Crop Proves Resilient as RBC Sees Price Declines
  • U.K. Plans to Criminalize Energy-Market Rigging With New Laws
  • Malaysia Delays Full Implementation of B5 Biodiesel Mandate
  • Dirtiest Fuel Threatens 700-Year-Old Villages in Europe: Energy
  • Russia Sanctions Failing to Stanch Energy Deals With Japan
  • Rubber Drops on Demand Concerns as Thai Price at Five-Year Low
  • U.K.’s Rothamsted Trial Set to Harvest GM Oilseed in Weeks
  • Brent Oil Trades Near 9-Month Low on Slowing Economy; WTI Steady

 

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