Greece Gets Bailout: Market Happenings For Tuesday, November 27, 2012

Premarket, futures are mixed and near unchanged. Gainers this morning include GLW (+7.05%), CAG, BFB, ADT and WMB while losers include DELL (-4.58%), EBAY, ETFC, FSLR and DHI.

The Market

Greece gets it’s bailout deal.

ConAgra buys Ralcorp.

U.S. home prices rose in September for the sixth month, signaling that the housing market is recovering according to the S&P/Case-Shiller home-price index released today. The S&P/Case-Shiller 20-city composite posted a 0.3% increase in September following a 0.8% gain in August. Home prices are up 3% from the prior year. Among the 20 cities tracked by the index, 13 posted monthly gains in September.

European markets are higher and Asian markets ended mixed.

Earnings Reports

Earnings reports (estimates): ADI-Analog Devices ($0.57), ADT-ADT Corp (0.43), PVH-PVH Corp (2.29), GMCR-Green Mountain (0.47), RAH-Ralcorp Holdings (0.87), CPRT-Copart (0.36), FMCN-Focus Media (0.70).

Financial Calendar

0300 ET Dallas Fed President Richard Fisher speaks in Berlin at Hyman Minsky Conference on Financial Instability.

0400 ET NY Fed First Vice President Christine Cumming speaks on financial reform panel at Levy Institute Conference in Berlin.

0630 ET Atlanta Fed President Dennis Lockhart speaks on “Thoughts on Two Other Potential Sources of Financial Instability: The Payments System and Public Pensions” at the Hyman Minsky Conference on Financial Instability.

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

0830 ET Fed Chairman Bernanke delivers brief opening remarks at the National College Fed Challenge Finals.

0830 ET Oct durable goods orders expected -0.8% m/m, Sep +9.8% m/m. Oct durable goods orders ex-transportation expected -0.6% m/m, Sep +2.0% m/m. Oct non-defensive capital goods orders ex-aircraft expected -0.5%, Sep unch.

0855 ET Redbook weekly retailer sales.

0900 ET Sep Case-Shiller Composite-20 home price index expected +0.4% m/m and +2.9% y/y, Aug +0.5% m/m and +2.0% y/y.

1000 ET Sep FHFA house price index expected +0.5% m/m and +2.0% y/y, Aug +0.6% m/m and +4.6% y/y.

1000 ET Nov Richmond Fed manufacturing index expected -3 to -10, Oct -11 to -7.

1000 ET Nov U.S. consumer confidence index (Conference Board) expected +0.8 to 73.0, Oct +3.8 to 72.2.

1130 ET Weekly 4-week T-bill auction.

1300 ET Treasury auction of $35 billion in 2-year T-notes.

1630 ET API weekly U.S. oil statistics.

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