Market Happenings For Wednesday, November 14, 2012

Premarket, futures are up. Gainers this morning include ANF (+31.21%), FSLR, NRG, GPS and GILD while losers include MUR (-4.72%), MU, SEE, AMD and NFLX.

The Market

Cisco (CSCO) is a big premarket gainer, with shares rising 8% after reporting profits and sales that beat expectations after the closing bell Tuesday.

The government reported retail sales fell 0.3% in October, citing a negative impact from Superstorm Sandy. It was slightly worse than the 0.2% decline forecast by economists.

At 2 p.m. ET, the Federal Reserve will post the minutes of its policy meeting from late October.

European stocks are down and Asian markets ended higher.

Earnings Reports

Earnings reports (estimates): VIP-Vimpelcom-ADR ($0.31), TYC-Tyco (0.36), NTAP-Netapp (0.48), SPLS-Staples (0.45), PETM-Petsmart (0.63), NTES-Netease (1.15), WSM-Williams-Sonoma (0.45), IOC-Interoil (0.06), ANF-Abercrombie (0.60), SPB-Spectrum Brands (0.43), MANU-Manchester United (-0.06), NGL-NGL Energy (0.14).

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -5.0%, purchase sub-index -4.8%, refi sub-index -5.0%.

0745 ET ICSC (Int’l Council of Shopping Centers) weekly retailer sales.

0830 ET Oct PPI expected +0.2% m/m and +2.6% y/y, Sep +1.1% m/m and +2.1% y/y. Oct PPI ex food and energy expected +0.1% m/m and +2.4% y/y, Sep unchanged m/m and +2.3% y/y.

0830 ET Oct retail sales expected -0.2% m/m, Sep +1.1%. Oct retail sales ex-autos expected +0.2% m/m, Sep +1.1% ex–autos. Oct retail sales ex auto and gas expected +0.4% m/m, Sep +0.9% m/m.

0830 ET NOPA monthly soybean crush report.

0855 ET Redbook weekly retailer sales.

1000 ET Sep business inventories expected +0.6%, Aug +0.6%.

1330 ET President Obama holds press conference at the White House.

1130 ET Weekly 4-week and monthly 1-year T-bill auctions.

1400 ET Fed releases minutes of the Oct 23-24 FOMC meeting.

1630 ET API weekly U.S. oil statistics.

2045 ET San Francisco Fed President John Williams speaks on the economy in at University of San Francisco.

Both comments and pings are currently closed.

Comments are closed.