Daily Highlights: 7.8.10

Tyler Durden's picture
  • Asian stocks rally as growth in US retail sales eases concern.
  • China bought a record $7.9B in short-term Japanese debt in May
  • EU stress tests will cover 91 banks, accounting for 65% of the area's banking industry. Assume bond value drop.
  • Hoenig, Fisher say stimulus isn't needed to assure recovery.
  • IMF sees rising risks slowing recovery pace.
  • Japan's Machinery orders slump 9.1%, most since 2008.
  • AES Corp announces a $500M stock repurchase program.
  • BP aims to fix leaking Gulf of Mexico oil well by 27 July
  • CapitaMalls prices Malaysian real estate trust at the bottom of IPO range; raises $267M.
  • Citigroup said to sell $900M of private equity investments to Lexington.
  • Colony Capital joins Ron Tutor in a bid to buy Walt Disney's Miramax film library.
  • Cott Corp. to buy closely held Cliffstar Corp. for $500M cash.
  • Diamond Offshore sells jack up rig, Ocean Shield, to Ensco Plc for $186M.
  • Family Dollar Stores' Q3 net rises 20% to $104.4M as margins widened to 36.6% from 36.2%.
  • France's Total to buy Canadian oil-sands assets of UTS Energy for $1.42B.
  • Fred's comparable store sales for June rises 1.7% vs. cons. est. of 3.0%.
  • GM sells its steering-parts operation, Nexteer, to China's Pacific Century. Deal est. at $450M.
  • International Speedway reduced earnings estimates.
  • LTD's June period same store sales rose 6%, more than expected.
  • Maersk ups forecast as shipping industry recovers
  • MGM Studio said to seek new debt waiver amid creditor talks.
  • Sirius XM subscriber base grows 6% to 19.6M; Year view raised again.
  • Sumitomo Mitsui may invest as much as $5B in U.S. Commercial Bank
  • Synchronoss Technologies to acquire privately held FusionOne Inc. for $75M in cash, stock.
  • Time Warner plans $3B debt sale in three parts
  • Tractor Supply ups view; sees FY10 EPS at $4.00-4.10 (cons $3.72); revs of $3.49-3.53B.
  • Wells Fargo to eliminate 3,800 jobs, and close its consumer- finance unit.

Economic Calendar: Data on Crude Inventories, Continuing & Initial Claims, Consumer Credit to be released today.

Earnings Calendar: CAMP, CCF, GBX, HELE, HSWI, ISCA, LBIX, LWSN, PENX, SHLM, STWD.

RECENT RATING ACTIONS
THOMAS & BETTS CORP (TNB)
MEADWESTVACO CORP (MWV)
AMPHENOL CORP (APH)
RAYONIER INC (RYN)
HARRAH'S ENTERTAINMENT INC (HET)
SIRIUS XM RADIO INC (SIRI)
COOPER COS INC/THE (COO)
US AIRWAYS GROUP INC (LCC)
CLEAN HARBORS INC (CLH)
DORAL FINANCIAL CORP (DRL)
PINNACLE WEST CAPITAL CORP (PNW)
MARSHALL & ILSLEY CORP (MI)

Data provided by Egan-Jones Ratings and Analytics

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
papaswamp's picture

So far this am retail same store sales reports:

7 beats

5 misses

1 in-line

 

Things had better pick up in the in-line and beat department

ANF +9% vs. +2.8%.
ARO +8% vs. +7.5%.
AEO -1% vs. +2%.
BONT +1.4% vs. +1%.
DDS +2% vs. -1%.
FRED +1.7% vs. +3%.
GPS 0% vs. +3.2%.

COST +4% in-line.
HOTT -2.1% vs. -5.5%.
LTD +6% vs. +3.2%.
SSI -1.2% vs. +2%.
BKE -7.3% vs. -0.3%.
ZUMZ +10.9% vs. +9.1%.


Pamela Anderson's picture

Thanks for the hard work Zero Hedge!

papaswamp's picture

More just came in:

BJ +3.8% vs. +4.9%.
CATO +1% vs. +7%.
JCP +4.5% vs. +3.3%.
M +6.5% vs. +6.3%.
SMRT +0.6% vs. -2%.
TGT +1.7% vs. +2.6%.
WTSLA -3.6% vs. -1.5%.

Brings totals so far:

10 beats

9 misses

1 in line

papaswamp's picture

KSS +5.9% vs. +6.5%.
JWN +14.1% vs. +10%.
ROST +5% vs. +5.3%.
SKS +2.5% vs. +2%.
TJX +3% vs. +4.1%.
3 misses, 2 beats, for a total of 12 misses, 1 in-line and 12 beats.

herry's picture

Really this is a great post from an expert and thank you very much for sharing this valuable information with us................. windows vps | cheap vps | forex vps | cheap hosting