Thursday, April 10, 2014

Thursday, April 10 pre-mkt outlook

The /ES closed yesterday at 1866 and traded overnight hitting a high of 1867.5 and a low of 1858 around 0600hrs. It's currently trading around 1863. Recently the support zones have been blasted through, while the resistance zones have been slowly crept through. The 10yr finished at 2.68 and the VIX finished at 13.7.

$BBBY is out with earnings which disappointed and a Q1 guide-down which isn't helping either. From Marketwatch:

After Wednesday’s closing bell, Bed Bath & Beyond Inc. BBBY -5.29%  said its fourth-quarter profit fell to $1.60 a share from $1.68 a share a year ago. Revenue declined to $3.2 billion from $3.4 billion while comparable-store sales growth slowed to 1.7% versus 2.5% a year earlier. The retailer also said it expects to earn between 92 cents and 96 cents a share in the first quarter 2014, below analysts’ estimate of $1.02 a share. Bed, Bath & Beyond shares slumped 4% in after-hours trading.

$IMPV is getting knocked 34% after issuing an earnings warning. It closed at 49.50 and is currently trading at 32.60, lows not seen since December of 2012. The stock saw some interesting small lot put action on the offer side around 11am, with about $80k in premium dropped on the puts. They should be worth a minimum of $560k this am, or 7x if the stock opens where it's currently trading the pre. How timely. Check the included screenshot for more.

$EBAY is trading around 55.50 after closing at 55.75 yesterday. Carl Icahn has reached an agreement to end his proxy battle with EBAY. The stock traded at a high of 56.40 and a low of 54.



No comments:

Post a Comment