Friday, April 4, 2014

Friday, April 4 pre-mkt outlook

NFP came out this AM and were slightly lower than expectations coming in at 192k. The ES is up at 1890.75 after hitting an all time high of 1892 following the number release. It finished at 1882 yesterday and was trading around 1885 leading into the number. The 10yr rose into the close yesterday to finish at 2.79 and is currently trading around 2.759. The VIX finished at 13.4 yesterday.

Stocks in the news, courtesy of MarketWatch:

$MU - After Thursday’s closing bell, Micron MU +3.42%  reported it swung to a fiscal second-quarter profit of $731 million, or 61 cents a share, from a loss of $286 million, or 28 cents a share, a year earlier. Revenue nearly doubled to $4.11 billion from $2.08 billion. On an adjusted basis, the chip maker earned 85 cents a share, sharply above the 74 cents a share projected by analysts in a FactSet poll. Micron shares rose more than 1% in after-hours trading.

$APC - Shares of Anadarko Petroleum Corp. APC +2.19%  is likely to be active after the company agreed to a settle all claims against its subsidiary Kerr-McGee for $5.15 billion. The case stems from the bankruptcy of Tronox Inc., which was spun off from Kerr-McGee before it was bought by Anadarko in 2006. “The bankruptcy court had previously found, in December 2013, that the historic Kerr-McGee Corp. fraudulently conveyed assets to New Kerr-McGee to evade its debts, including its liability for environmental clean-up at contaminated sites around the country,” the Department of Justice said in a statement on announcing the settlement.

$MYL - This name had seen heavy call activity recently and has been closely watched by the options guys and the news came today. However, Meda has rejected the offer sending the stock down from its 11% bump:
Mylan Inc. MYL +5.70%  shares jumped 11%. The company, which makes generic drugs, is considering an acquisition of the Swedish company Meda, according to the Financial Times and The Wall Street Journal.

No comments:

Post a Comment