During day
trading
hours,
there
were
many
stocks
that
continued
to
break
up
to
the
upside.These
stocks
are
usually
going
up
or
down
on
with
news.If
you
are
looking
to
day
trade
today,
you
might
want
to
check
out
the
following
stocks. I
usually
throw
these
on
my
watch
list
and
monitor
with
resistance
&
support
levels.
Below
are a
list
of
stocks
that I
am
watching
for
today.You can also check previous stocks to buy reports- Right Here
Stock Trading Signals's Top #PreMarket Gainers
Japanese Prime Minister Shinzo Abe took a step closer to his
goal of a more aggressive investment strategy on Tuesday when the nation began
to overhaul its public pension fund.
The $1.26 trillion Government Pension Investment Fund, the
largest of its kind, is expected to rely less on government bonds and instead
make riskier investments.
The GPIF’s committee was also reshuffled, with only two
members retaining their positions and one former member being reinstated.
Following the shake up, Japanese Health Minister Norihisa
Tamura said the new committee is expected to help raise the fund’s investment
returns and that despite the changes, the pension beneficiaries will remain the
focal point of the fund’s management.
Top News
In other news around the markets:
◾ On Tuesday, Novartis AG announced that it was planning to
completely reshuffle its product portfolio in a series of transactions totaling
more than $25 billion. First up, the company is planning to acquire
GlaxoSmithKline’s oncology unit for $14.5 billion. Additionally, Novartis plans
to sell its vaccines unit to the British pharmaceutical company for $5.25
billion. The deals are expected to improve Novartis’ core operating income as
well as expected sales.
◾ Activist investor William Ackman and Valeant
Pharmaceuticals International are teaming up to acquire Allergan, the maker of
Botox. The unorthodox partnership is likely to be quite hostile in their
attempt to acquire Allergan; but if successful, the deal would create one of
the largest eye and skin care companies in the world. Each of the two companies
has more than $40 billion of stock market capitalization.
◾ The longest war in US
history could be nearing an end as the Obama administration has said that the
number of US troops stationed in Afghanistan
could fall below 10,000. If US officials do agree to reduce the number of
soldiers in the Middle Eastern nation, it will reflect their confidence in the
Afghan security forces’ ability to contain the Taliban-led insurgency.
◾ General Motors is attempting to bar plaintiffs from suing
the “New GM” for economic damages related to the company’s faulty ignition
switches. After filing for bankruptcy, GM emerged as a different legal entity
leaving behind its liability for issues that took place before the bankruptcy
protection.
Asian Markets
Asian markets were mixed; the Japanese NIKKEI was down 0.85
percent, the Shenzhen composite lost 0.37 percent and Indonesia’s
JSX composite was down 0.28 percent. However the Shanghai
composite was up 0.34 percent, the KOSPI rose 0.25 percent and the Hang Seng
index was up 0.06 percent.
European Markets
Europe’s markets were higher with the
exception of Italy’s
MIB, which lost 0.15 percent. The UK’s
FTSE was up 0.88 percent, the eurozone’s STOXX 600 gained 0.89 percent, the
German DAX rose 1.09 percent and France’s
CAC 40 was up 0.69 percent.
Commodities
Energy futures were moderately lower; Brent futures lost
0.02 percent and WTI futures were down 0.03 percent. Gold lost 0.23 percent and
silver was down 1.08 percent. Industrial metals were also lower with copper
down 0.64 percent and aluminum down 0.53 percent.
Currencies
Currency markets were quiet on Tuesday; the euro lost some
of its shine and dropped to $1.3797 and lost 0.04 percent against the yen. The
dollar lost 0.08 percent against the pound and 0.14 percent against the yen and
the Australian dollar gained 0.38 percent against the greenback and 0.27
percent against the yen.
Earnings
Notable earnings released on Monday included:
◾ Netflix, Inc. (NASDAQ: NFLX [FREE
Stock Trend Analysis]) reported first quarter EPS of $0.86 on revenue of $1.27
billion, compared to last year’s EPS of $0.05 on revenue of $1.02 billion.
◾ Hasbro, Inc.
(NASDAQ: HAS) reported first quarter
EPS of $0.14 on revenue of $679.50 million, compared to last year’s EPS of
$0.05 on revenue of $663.69 million.
◾ Kimberly-Clark Corporation (NYSE: KMB)
reported first quarter EPS of $1.48 on revenue of $5.28 billion, compared to
last year’s EPS of $1.48 on revenue of $5.32 billion.
◾ United Health Group Incorporated (NYSE: UNH)
reported first quarter EPS of $1.10 on revenue of $31.70 billion, compared to
last year’s EPS of $1.16 on revenue of $30.34 billion.
Pre-Market Movers
Stocks moving in the Premarket included:
◾ Home Depot Inc. (NYSE: HD) gained 0.44 percent in
premarket trade after rising 1.13 percent on Monday.
◾ Exxon Mobil Corp (NYSE: XOM)
was up 0.07 percent in premarket trade after rising 3.14 percent over the past
week.
◾ Verizon Communications Inc (NYSE: VZ) was up 0.04 percent
in premarket trade after gaining 0.80 percent on Monday.
◾ Valero Energy Corp (NYSE: VLO)
was down 0.04 percent in premarket trade after rising 8.01 percent over the
past five days
Earnings
Notable earnings releases expected on Tuesday include:
◾ McDonald’s Corporation (NYSE: MCD)
is expected to report first quarter EPS of $1.24 on revenue of $6.74 billion,
compared to last year’s EPS of $1.26 on revenue of $6.61 billion.
◾ Caterpillar, Inc. (NYSE: CAT)
is expected to report first quarter EPS of $1.25 on revenue of $13.24 billion,
compared to last year’s EPS of $1.31 on revenue of $13.21 billion.
◾ AT&T Inc. (NYSE: T) is expected to report first
quarter EPS of $0.68 on revenue of $32.27 billion, compared to last year’s EPS
of $0.64 on revenue of $31.36 billion.
◾ The Travelers Companies, Inc. (NYSE: TRV)
is expected to report first quarter EPS of $2.17 on revenue of $5.92 billion,
compared to last year’s EPS of $2.31 on revenue of $5.60 billion.
Economics
Tuesday’s economic calendar will be dominated by US
releases including CPI, existing home sales
and the house price index. Other notable releases include Australian CPI,
Hong Kong’s unemployment rate, and Chinese manufacturing
PMI.
For the latest updates on the stock market, visit,
