Futures Higher This Morning

In After Hours Trading

IPOs on deck today Wowo Limitied (WOWO). Secondaries on deck this week BIP CPTA DYAX LGF MFRM NRZ PRTA WOWO.

 

In After Hours Trading: none of note.

What’s Happening This Morning

U.S. futures: S&P +2.25, Dow Jones +20, NDX +5.75 and Russell 2000 +1.20 with fair value lower helping the open a bit. Asia higher and Europe mixed. Copper lower with silver and gold lower as well. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield no change. Prices as of 7:40 a.m. EDT.

Earnings Expected

Earnings due after the close (by market cap descending): AA PIR BBBY.

Due Thursday morning (by market cap descending): OCN WBA SYRG STZ.

Rags & Mags: Inside Wall Street

USA Today & Other Big News Stories: U.S. government tracked calls overseas by Americans for a decade before 9/11. Many are betting on an oil comeback in 2015. What to watch for this earnings season. Bloomberg News: Iran nuclear deal could cut oil by $15 a barrel. Japan bought its highest amount of U.S. treasuries in seven months.

Google To Buy Twitter?

Rumors surfaced Tuesday that Google (GOOGL) might make a bid for Twitter (TWTR). Such a move would be analogous to Microsoft (MSFT) making a bid for Yahoo (YHOO) back in 2008.

Bid For Twitter

The current market value of Twitter is $33 billion and probably Google would have to pay $50 billion for it. A pretty penny. No doubt a better time to have bought it was in 2009 when it could have been picked up for $1 billion.

$20 Oil

Oil Rigs

Citigroup (C) yesterday published a report starting that the recent move in oil is a suckers rally and that oil may be heading ultimately to $20. The premise is that oil production is going to keep rising this year

$20 Oil

Moreover, Citigroup notes that this drop in oil may be the demise of OPEC. An article definitely worth the read.

Stock Scorecard: Constellation Brands (STZ)

Constellation Brands (STZ) will report earnings tomorrow morning. Estimates are $1.14 versus $1.10. The stock has had a big run and is now really overvalued. The stock is at risk to a big downturn if its earnings are below estimates or guidance is weak.

stz

An Early Look At Today’s Action

In After Hours Trading

IPOs on deck this week include Shell Midstream Partners LP and Sientra. Secondaries on deck of note for Tuesday AHRO CUDA RGLS SHO UBA VNDA .

In After Hours Trading (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): X+.98, AMP+.28, AFG+.24, EA+.20, EIX+.18, AFL+.13, DNB+.13, CINF+.13, WYNN+.10, BXP+.09, WDC+.07, SWI+.07, AZPN+.07, MCK+.06, VRTX+.06, FEIC+.06, CHRW+.05, KIM+.04, TRN+.04, TSS+.04, TQNT+.04, MAR+.03, CBT+.03, FB+.03, FISV+.02, SKT+.02, EQR+.02, KRC+.02, SM-.02, HIW-.02, CNL-.02, WSH-.03, PNRA-.04, GILD-.06, VRSK-.06, APC-.10, AJG-.10.

IPO Financial provides our capital raise data.

What’s Happening This Morning

US futures: S&P -2.50, Dow Jones +1 and NDX -9 with fair values lower lessening the weakness. Asia and Europe higher. Copper, silver and gold lower. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield -1. Prices as of 7:40 a.m.

Earnings Expected

Earnings due after the close (by market cap descending): V, BIDU, MET, SU, WMB, KRFT, ALL, WPZ, ABX, LNC, ACMP, RRC, HBI, CBG, EQIX, AKAM, MUR, ESV, FFIV, UNM, FNF, FMC, RJF, ACGL, NCLH, OII, WLL, PPC, FBHS, EXR, KEX, DRE, AEM, CAR, FLEX, QGEN, MEOH, NE, MAA, AXS, NEU, AUY, CSGP, AIZ, SCI, TFSL, BMR, STR, ARRS, SSNC, SPN, VR, PRXL, CW, TEX, TGI, CBL, RFMD, ACHC, ATML.

Due Thursday morning (by market cap descending): RDS.A, NVO, MO, MA, COP, EPD, TEVA, TWC, AMT, NOV, TRI, JCI, APD, CME, CAH, MPC, CI, K, PEG, GG, ABC, HST, IVZ, XEL, MOS, FIS, NI, BWA, BG, MGM, O, LLL, INCY, BLL, TCK, APO, CTRX, LKQ, SCG, OAK, Q, ALU, IRM, HAR, VNTV, ODFL, ITC, INGR, MD, LECO, MSCI, PBI, AVP, ALLE, MPLX, RGLD, GEL, LPLA, ATK, CVI, PCRX, CVRR, DST, UPL, GNC, WST, STRZA, KMT, IDA, FIG.

Rags & Mags: Inside Wall Street

USA Today: Iaqi Kurdish peshmerga troops are on way to Syriato help Syrian Kurds fight ISIS. Wall Street eyes Fed next move post QE3. How Facebook (FB) blew a great quarter. Is Facebook a buy here?

Stock Scorecard

One of the best features of Superstock Trader is the stock scorecard. As a reader of Wall Street Rebel, we provide a daily scorecard that is different from Superstock Trader. If you buy and sell stocks, then you should read on to learn more about the scorecard.

Each month you have up to 10 stocks whose scorecard you can review. That works out to 120 names a year to review. At some point in the future, we will be expanding the number of names that you can review each month for an incremental fee.

Each day we also feature a name in our Stock Scorecard. The goal is to cover additional names of interest as well as timely reviews, i.e. earnings are due or a big analyst meeting is ahead. Effectively, you have access to 30 scorecards a month (20 in our Daily Scorecard and another 10 for your viewing pleasure).

A question many might have is where do I find the Scorecard? When you log in to Superstock Trader it is one of the “top tabs”. Simply click and you will have access.

[Image 3]

We know this process works because it is the leading catalyst of our Morning Matters Portfolio. This portfolio is having another tremendous year when most portfolios are lagging. Is this a coincidence? We think not.

[Image 1]

A recent example of how well the scorecard works is Costco (COST). A certain well known figure in the media gave up on Costco at $110 a share several months ago. Meanwhile, we did not and now it is at $130 a share. If only he had access to our scorecard, then he might not have been so quick to give up the ghost.

You see our price target is $136.18 with an upper limit of $148.43. Tuesday it closed at $131.06. Here is how to think of the price target. It is price that values the stock fairly. The upper limit is the best case scenario.

We also show some other key data in the scorecard like the P/E Ratio, Sales Growth Rate, Cash Flow Return on Investment (CFROI) and Asset Growth. This is all great information to help you evaluate any recommendation from us, another newsletter or a hot tip from a friend.

Bottom line, do not fight the scorecard or be prepared to be punished when an overvalued name drops. Facebook (FB) is the best current example we can give. Its upper target is $67.58 and sure enough the stock has fallen post earnings from $80.77 to $74.15. It will not be a shock to us when it moves into the $60s.

[Image 2]

 

The End of QE3

Today the Federal Reserve will conclude its latest meeting today and in all likelihood end QE3. The $64,000 question is how will the markets react to this action.

QE3

Russia Pulls Bond Sale

Bad news for Russia. The Finance Ministry pulled Wednesday’s offering due to “unfavorable market conditions”. Clearly, the sanctions are hitting Russia in ways never imagined. Without an ability to sell bonds, a country may face dire consequences.

Russia Bond Offering

Nikkei Rockets Higher

Stocks in Japan had their biggest day in 16 months as they rose 3.99%. Last Friday the Nikkei Stock Average hit correction mode dropping -10%. This morning Japan’s Government Pension Investment Fund is raising its allocation to Japaneses stocks to 25%. Shorts scrambled.

Japan

Futures Swing To Red On IBM Weakness

n After Hours Trading

Four IPOs on deck today this week including Virobay and Viking Therapeutics. Secondaries on deck of note TTPH.

In After Hours Trading

(Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]):none of note.

IPO Financial provides our capital raise data.

What’s Happening This Morning

US futures: S&P 500 -5.50, Dow Jones -88 and NDX -1.20 with fair values lower lessening the losses of futures. Asia higher and Europe lower. Copper lower with silver and gold higher. WTI Crude higher and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield +1. Prices as of 7:55 a.m.

Earnings Expected

Earnings due after the close (by market cap descending): AAPL, TXN, ILMN, CMG, CE, PKG, ZION, STLD, CDNS, BRO, EWBC, ELS, HXL.

Due Tuesday morning (by market cap descending): VZ, KO, UTX, MCD, LMT, KMB, CP, ITW, TRV, RAI, ARMH, OMC, HOG, RF, PNR, WAT, AOS, SBNY, CSL, LPT, MAN, GPK, ATI, EAT, SNV.