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Frontrunning: May 6

Tyler Durden's picture





 
  • Goldman’s Blankfein Faces Investors Amid ‘Lingering Problems’ (Bloomberg)
  • One Year After Stock Crash Regulators Still Vexed by Fragmentation (Bloomberg)
  • Republicans Split Over Medicare Plan (FT)
  • Workers Re-Enter Reactor Building for the First Time (WSJ)
  • JPMorgan Is in ‘Advanced’ Negotiations to Resolve CDO Probe (Bloomberg)
  • China Regulator Defends Internet Role (WSJ)
  • Egypt Front-Runner Seeks Israel Reset (WSJ)
  • U.S. Seeks to Use Frozen Gadhafi Assets to Aid Rebels (WSJ)
  • Kenny Says Ireland Can Handle Its Debt in Sign No Restructuring Is Planned (Bloomberg)
  • World Food Prices Remain High; Weather Threatens Grains (WSJ)
  • Syria Says Military Eases Siege of City (WSJ)
  • Clegg’s AV Hopes Crash in ‘Disastrous End.’ (FT)
  • Mubarak Security Chief Convicted (WSJ)
  • Medvedev Expected to Target Capital Flight (FT)
  • Pranab Calls for Global Efforts to Tame Inflation (Economic Times)

Daily Highlights courtesy of Egan-Jones

  • BOE holds key interest rate at 0.5% on signs recovery is fading.
  • Jobless claims in US unexpectedly jump on auto-plant shutdowns, other unusual events.
  • Commodities plunge most in two years on speculation of slowdown.
  • RBA sees need for higher rates 'at some point' to slow inflation.
  • Asian stocks drop after biggest slump in commodities since 2008; Yen falls.
  • Asia inflation fight spreads as Philippines, Malaysia raise interest rates.
  • AIG profit falls 85% to $269M on Japan, New Zealand disaster claims.
  • Alcatel-Lucent SA Q1 loss narrows to €10M as revenue for the grp rose 15% to €3.74B.
  • BASF AG Q1 net rises 134% to €2.41B as sales rose 25.3% to €19.36B.
  • CF Industries posts Q1 EPS of $3.82 (cons $3.17); revs rose 133.7% to $1.17B.
  • Chiquita Brands beats by $0.15, beats on revs. Q1 EPS at $0.52. Revs up 2% to $824M.
  • DirecTV's Q1 net profit jumped a better-than-expected 21% on higher subs addition.
  • Ecolab to repurchase up to 15M additional shares of Ecolab stock.
  • EOG Resources misses by $0.02, posts Q1 EPS of $0.52. Revs rose 38.4% to $1.9B.
  • Fluor Corp. reported Q1 profit of $140M, up 2.2%. Revs up 4.1% at $5.1B.
  • Ford's April China sales up 3% year-on-year to 44,340 units.
  • Hansen Natural Corp. posted Q1 EPS of $0.59, beating estimates by 20 percent.
  • JPMorgan plans to sell $2B of debt due in 10 years.
  • Kraft Foods lowered 2011 EPS view on loss of Starbucks distribution business, surging commodity costs.
  • Murphy Oil Corp. said it hopes to sell one of its two US refineries in middle of this year.
  • NRG Energy seeks $3.9B of loans to refinance debt, loosen covenants.
  • Pool Corp announces new $100M share repurchase program.
  • Priceline.com's Q1 profit surged 95% to $104.8M as revs jumped 38% to $809.3M.
  • QLogic Corp. swings to Q4 profit of $33.3M. Revs rose 4.5% to $152.3M.
  • Ryder's March quarter earnings rise from $22M to $44M.
  • Sapient sees Q2 revenue may be as much as $257M vs. cons est of $246M.
  • Sunoco Inc. Q1 loss widens to $101M despite 29.8% jump in revs to $10.63B.
  • Visa Inc. beat Q2 earnings estimates, announced a $1B share buyback.

Economic Calendar: Data on Nonfarm Payrolls, Unemployment Rate, Consumer Credit to be released.
Earnings Calendar: BAH, BEC, CAS, CEG, CHD, CNK, HIL, IBI, IDA, JOUT, LINTA, PNM, POM, UBCP, USCR, WPO, YRCW.

 


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Fri, 05/06/2011 - 08:29 | Link to Comment Catullus
Catullus's picture

“There were divergent views within the bank about the U.S. housing market,” Michele Allison, a spokeswoman for Deutsche Bank, said in an e-mailed statement last month. “Moreover, the bank’s views were fully communicated to the market through research reports, industry events, trading-desk commentary and press coverage.”

Hahaha. Divergent views = pile vs. bucket vs. sack of shit.

Fri, 05/06/2011 - 08:33 | Link to Comment jm
jm's picture

Goldman's Balnkfein needs to take one for the team.

Fri, 05/06/2011 - 08:43 | Link to Comment The Alarmist
The Alarmist's picture

Never mind ....

Fri, 05/06/2011 - 09:48 | Link to Comment Welfareisfraud
Welfareisfraud's picture

I see Republicans are still welfare queens.

Fri, 05/06/2011 - 10:21 | Link to Comment Zero Govt
Zero Govt's picture

you mean parasitical poofs

Fri, 05/06/2011 - 10:36 | Link to Comment kaiserhoff
kaiserhoff's picture

What's an additional 10,000 tons of water (additional to what?) among friends, especially when pumped into a structure never intended to be flooded?  Tepco might want to hit up their old friends at AIG and buy some more earthquake insurance.

The good news, if you can call it that, is that really heavy radioactive shit sinks like a rock to the ocean floor.  This is going to be mostly Japan's problem, for AN EXTENDED PERIOD.

Fri, 05/06/2011 - 14:33 | Link to Comment The Alarmist
The Alarmist's picture

Gee, that "good news" is like the captain of Titanic declaring an open bar on the company's tab.

Fri, 05/06/2011 - 14:34 | Link to Comment The Alarmist
The Alarmist's picture

The thing I was going to note earlier is that the Obama administration has taken wealth redistribution to a new level by doing it overseas through giving Quadafi's money to the rebels.

Mon, 05/16/2011 - 07:12 | Link to Comment kummar
kummar's picture

The monster under Krugman's bed is really Keynes, and when Krugman falls asleep, John Maynard is going to suffocate Krugman with satchels full of fiat.70-642 // 70-662 // 70-649 / 70-667

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