Morning Market Snapshot

January 8th, 2015

Market Action
Futures
DJIA
S&P 500

Change

Index

Change

Forex

17,672 (+165)

Nikkei

17,167 (+282)

EUR/USD

2037.25 (+17.75) Hang Seng 23,835.53 (+154.27)

NASDAQ 4189.25 (+37.75)

Change

Commodity

1.1767 (-0.0072) Crude Oil

Change
49.10 (+0.45)

USD/JPY

119.84 (+0.58)

Gold

1,205.60 (-5.10)

Silver

16.37 (-0.17)

FTSE

6,520.13 (+100.30)

GBP/USD

1.5058 (-0.0052)

DAX

9,681.63 (+163.45)

USD/CAD

1.1802 (-0.0013)

Economic Calendar
Time (ET)

Currency

Economic Data

8:30AM

USD

Jobless Claims

10:30AM

USD

EIA Natural Gas Report

Market News
-

Late Wednesday, Federal Reserve Bank of Chicago President Charles Evans said the U.S. might
not hit the Feds target inflation rate until 2018 and he doesnt advocate raising interest rates
until 2016.
Costco (COST) U.S. same-store sales numbers jump 5% in December.
Nestle(NSRGY) to sell its frozen meals business to Findus Spain as part of its ongoing portfolio
review

Analyst Action
BB&T Capital upgrades Cooper Tire & Rubber (CTB) from Underweight to Hold
Deutsche Bank upgrades Tractor Supply (TSCO) from Hold to Buy ($65 $90)
Jefferies upgrades Eli Lilly (LLY) from Buy to Hold ($75 $80)
Nomura upgrades Molson Coors Brewing (TAP) from Neutral to Buy ($70 $85)
Stifel upgrades Veeva Systems (VEEV) from Hold to Buy ($36)
Wells Fargo upgrades MGM Resorts (MGM) from Market Perform to Outperform
BMO Capital downgrades Andersons (ANDE) from Outperform to Market Perform ($62 $56)
Citigroup downgrades Anadarko Petroleum (APC), Chesapeake Energy (CHK), Cabot Oil & Gas (COG),
Concho Resources (CXO), Noble Corp (NE), Range Resources (RRC) from Buy to Neutral
Deutsche Bank downgrades Eli Lilly (LLY) from Buy to Hold
Stifel downgrades Google (GOOGL) from Buy to Hold
Wells Fargo downgrades Scientific Games (SGMS) from Outperform to Market Perform
Wells Fargo adds Penn National Gaming (PENN) to its Priority Stock List ; Names it among its Top
Gaming Ideas for 2015
Morgan Stanley maintains its Overweight rating on Chipotle Mexican Grill (CMG) and increases it price
target from $696 $757

Morgan Stanley maintains its Overweight rating on Starbucks (SBUX) and increases its price target from
$88 $97

Open Interest Changes

From 1/7 Options Action:
Vix Short Term Futures (VXX) January (2017) 15 Put OI jumps from 11,378 to 73,826
Resolute Forest Products (RFP) January 17.5 Call OI jumps from 432 to 6,043
SPDR S&P 500 (SPY) February 215 Call OI jumps from 50,608 to 179,947
Valero (VLO) January 48 Put OI jumps from 379 to 10,513
Santander Consumer (SC) February 20 Call OI jumps from 0 to 28,658
SPDR S&P Homebuilders (XHB) March 35 Call OI jumps from 1,758 to 17,714
Advanced Micro Devices (AMD) July 2.5 Put OI jumps from 15,317 to 119,530
National Bank of Greece (NBG) March 1.5 Put OI jumps from 0 to 10,021
Currency Shares British Pound (FXB) March 145 Put OI jumps from 8,078 to 13,542

Insider Action
From 1/7 Form 4 Filings:
Buying: Biglari Holdings (BH), Clear Channel Outdoor Holdings (CCO), Opko Health (OPK), Sears Holdings
(SHLD), and Vivus (VVS)
Selling: Salesforce.com (CRM), Walt Disney Co. (DIS), Google (GOOG), Jazz Pharmaceuticals (JAZZ), La
Quinta Holdings (LQ), Mastercard (MA), and Twitter (TWTR), and Vector Group (VGR)

Earnings Central
Earnings After the Close today (1/8):
Ticker

Company

BBBY

Bed Bath & Beyond

CUDA

Barracuda Networks

EOPN

E2open

HELE

Helen of Troy

PSMT

PriceSmart

RT

Ruby Tuesday

TCS

The Container Store

Earnings Before the Open tomorrow (1/9):

Ticker

Company

INFY

Infosys Technologies

AYI

Acuity Brands