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Frontrunning: May 19

Tyler Durden's picture




 
  • Japanese economy shrinks in first quarter (FT)
  • Power Shifts on Foreign-Policy Team (WSJ)
  • Government Prays a Bigger Sucker Is Out There (Bloomberg)
  • Row within Europe over Greece (FT)
  • U.S. Hits Syrian President With Sanctions (Bloomberg)
  • Think prices are high? Just wait ’til summer (Post)
  • Top European Bank Officials Urge Greece to Persevere on Fiscal Overhauls (WSJ)
  • Medvedev Makes a Slight Break With Putin (WSJ)
  • U.S. Grants Asylum to Chavez Opponent (WSJ)
  • Sex Scandal Is Another Travesty at IMF Door (Bloomberg)
  • How far will home prices fall? (Fundmastery)
  • Obama to offer debt relief to Egypt in Mideast speech (Reuters)
  • Are Oil Futures Markets Being Manipulated? (Forbes)
  • Lagarde May Stake Claim as First Female IMF Chief (Bloomberg)
  • BOE Bean: Key Question Is - Is Economic Soft Patch Temporary? (Market News)
  • Eric Schneiderman: One Lawman With the Guts to Go After Wall Street (Nation)
  • Osama bin Tupac: Al Qaeda releases posthumous bin Laden audio recording (Reuters)
  • Tunisia demands Libya stop cross-border shelling (Reuters)
  • South Africa’s ANC Leads in Early Results (Bloomberg)

Global highlights from Egan-Jones

  • Fed favors exit strategy of raising rates before selling assets.
  • Japan’s economy shrank at 3.7% annual pace in first quarter.
  • Yen, Dollar slide on record stimulus outlook; Asia stocks, silver advance.
  • Advance Auto misses by $0.03, misses on revs; reaffirms FY11 EPS guidance.
  • Advance Auto Parts miss est., Q1 net flat at $109.6M. Revs up 3.8% at $1.90B.
  • Alkermes f'cast a loss in FY2012 of at least $0.38/s, wider than the $0.21/sh cons est.
  • Brady Corp. Q3 misses est., profit up 20.7% at $28.6M. Revs rose 5% to $338M.
  • Chrysler has deal to repay $7.5B in government bailout money by refinancing loans.
  • Cincinnati Fincl announces preliminary loss estimate of $150-$200M for April storms.
  • CSX looks for EPS growth of up to 20 percent per year through 2015.
  • Eaton Vance beats by $0.04, reports Q2 EPS of $0.50. Revs rose 4.3% to $325.8M.
  • EMCOR Group to acquire USM Services Holdings for $255M in cash.
  • Glencore priced its shares at 530 pence apiece in an IPO, valuing it at $59.2B.
  • Healthsouth agrees to sell its six long-term acute care hospitals for ~$120M.
  • Hot Topic reports Q1 net at breakeven vs. cons est. of a loss of a cent a share.
  • Jack in the Box Q2 income falls 62% on higher costs. Revs fell 4.6% to $505.1M.
  • Leeds Equity Partners to buy Nobel Learning Communities in deal valued at $149M.
  • Limited beats by $0.01, beats on revs; guides Q2 EPS, FY12 EPS in-line.
  • LinkedIn is said to price IPO at $45 a share, top end of range.
  • Netease.com beats by $0.15, posts Q1 EPS of $0.86. Revs rose 28.7% to $234.9M.
  • New York Palace Hotel to be sold to Northwood investors for $400M.
  • PetSmart Inc. said Q1 EPS was 61 cents, exceeding cons estimate of 55 cents.
  • SABMiller FY profit $2.41B vs $1.91B; group sales $28.31B vs $26.35B.
  • Spartan Stores Board authorizes $50M share repurchase program.
  • Takeda to buy closely held Nycomed for $14B on a cash-free, debt-free basis.
  • Target beats by $0.05, posts Q1 EPS of $0.99. Revs rose 5.1% to $15.94B.
  • Toshiba to buy utility-metering firm Landis & Gyr for $2.3B, incl debt.

Economic Calendar: Data on Initial & Continuing Claims, Existing Home Sales, Philadelphia Fed, Leading Indicators to be released today.
Earnings Calendar: ADSK, ARO, BKE, BONT, BRCD, CDCS, CPWM, CRM, DLTR, FL, GPS, INTU, NWY, ROST, SCVL, SHLD, SSI, WSM, WTSLA.

 

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Thu, 05/19/2011 - 08:38 | 1290810 spanish inquisition
spanish inquisition's picture

Mr. Bean is speaking on behalf of the BOE. A lot of things are making more sense now...

Thu, 05/19/2011 - 08:57 | 1290879 Broomer
Broomer's picture

U.S. Hits Syrian President With Sanctions (Bloomberg)

Dictators who have their money invested in American banks deserve to lose it all.

 

Thu, 05/19/2011 - 09:19 | 1290972 Careless Whisper
Careless Whisper's picture
Broward chief judge resigns for private practice

Will work for private law firm of Marshall C. Watson.

Welcome to the Law Offices of Marshall Watson

The Law Offices of Marshall C. Watson, P.A. is a full service law firm which strictly represents mortgage lenders and servicers throughout Florida.

Our office provides the highest quality representation available and continually strives to ensure our interests are aligned with those of our clients, which include, Chase Manhattan Mortgage Corporation,...

http://www.sun-sentinel.com/news/local/breakingnews/fl-judge-tobin-resig...

http://www.marshallwatson.com/WatsonLaw/default.htm

 

 

Thu, 05/19/2011 - 09:27 | 1291003 Careless Whisper
Careless Whisper's picture

Coming out of the closet...

Guys who like fat chicks

http://www.villagevoice.com/2011-05-04/news/guys-who-like-fat-chicks/

 


 

Thu, 05/19/2011 - 09:34 | 1291026 tip e. canoe
tip e. canoe's picture

 

dear tyler(s), now that MA is out of the pokey and he's doing "professional" reports (tho i like the handdrawn sketches myself), you think it's time to start releasing some of his stuff? 

he is a patron saint of this place, whether anyone wants to admit it or not.

here's his latest:

    

"Thus, identifying the problem is critical. This is  the primary problem we face. Unless we deal with this issue, we are doomed. We can argue  about the Federal Reserve, gold standard, and a host of other issues, but those are nothing in  comparison to this single issue. We can cut spending and yell and scream all you want. But that will not solve the problem for you cannot cut enough. Every penny cut will only be  replaced with spending on promised entitlements."

 

 "What Destroyed Rome was its Unfunded Government Employee Pensions."

 

 

Thu, 05/19/2011 - 09:56 | 1291126 Careless Whisper
Careless Whisper's picture

thanks. interesting.

 

Thu, 05/19/2011 - 13:21 | 1292263 MarketFox
MarketFox's picture

Hey Tyler....

 

Here´s some homework for you......

 

 

How much does GS pay Bloomberg every month.......

It does not matter what it´s for.....

 

Just how much money exchanges hands.....

 

 

 

Regards

Thu, 05/19/2011 - 13:22 | 1292271 MarketFox
MarketFox's picture

Hey Tyler....

 

Here´s some homework for you......

 

 

How much does GS pay Bloomberg every month.......

It does not matter what it´s for.....

 

Just how much money exchanges hands.....

 

 

 

Regards

Thu, 05/19/2011 - 13:20 | 1292278 MarketFox
MarketFox's picture

Hey Tyler....

 

Here´s some homework for you......

 

 

How much does GS pay Bloomberg every month.......

It does not matter what it´s for.....

 

Just how much money exchanges hands.....

 

 

 

Regards

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