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08:45 EDTQQQNASDAQ 100 Index Tracking Stock: Pivot points
The following are the pivot points for QQQ. Pivot High: $74.284, Pivot Low: $72.574. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
08:45 EDTSPXS&P 500: Pivot points
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08:45 EDT$COMPNasdaq Composite: Pivot points
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08:45 EDTNDXNasdaq 100 Index: Pivot points
The following are the pivot points for the NDX. Pivot High: 3026.320, Pivot Low: 2957.650. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
08:45 EDTThe 23k U.S. initial claims drop to 340k
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08:45 EDTTreasury Action: yields extended their rebound
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08:44 EDTMROMarathon Oil provides divestiture update
As previously announced, Marathon Oil had engaged in discussions with respect to a potential sale of a portion of the company's 20% outside-operated interest in the Athabasca Oil Sands Project, or AOSP, in Alberta, Canada. An agreement was not reached with the prospective purchaser and negotiations have been terminated. Marathon Oil is not engaged in further discussions with respect to a potential sale of these assets; however, the Company will continue to evaluate ways to optimize its portfolio for profitable growth and to deliver value to shareholders. As such, the Company's stated goal of divesting between $1.5B-$3B in assets over the period of 2011 through 2013 remains intact. As of May 22, Marathon Oil has agreed upon or closed on approximately $1.3B in divestitures.
08:44 EDTSCVLShoe Carnival volatility flat into Q1 and revenue growth outlook
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08:43 EDTEGNEnergen price target raised to $65 from $56 at Wunderlich
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08:42 EDTGASSStealthGas reports Q1 EPS 31c, consensus 31c
Reports Q1 revenue $29.4M, consensus $27.88M.
08:42 EDTAPRIApricus Biosciences 6M share Spot Secondary priced at $2.85
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08:40 EDTGMEGameStop reports Q1 comparable store sales down 6.7%
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08:40 EDTU.S. initial jobless claims fell 23k to 340k in the week ended May 18
U.S. initial jobless claims fell 23k to 340k in the week ended May 18 from 363k the week before (revised up from 360k). The 4-week moving average dipped to 339.5k from 340k (revised from 339.25k). Not seasonally adjusted claims fell 19.8k to 301.1k from 320.8k previously (revised from 318.2k). Continuing claims plunged 112k to 2,912k in the week ended May 11 from a revised 3,024k (was 3,009k). There was nothing unusual in the data, according to the BLS. The slightly better than expected claims data could add to market concerns over the start of QE tapering sooner rather than later, but it's still not obvious action will be announced as early as June.
08:39 EDTDDDuPont downgraded to Sell from Hold at BGC Partners
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08:38 EDTTTCToro Company backs FY13 EPS $2.40-$2.45, consensus $2.46
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08:38 EDTCTXSCitrix Systems changes could reaccelerate growth, says Pacific Crest
Pacific Crest believes that additional product integration by Citrix and the launch of its XenDesktop 7 product significantly expands the company's cross-selling opportunity. The firm believes that estimates for the company appear conservative, and it recommends buying the stock.
08:38 EDTGMEGameStop sees FY13 EPS $2.90-$3.15 vs. previous $2.75-$3.15
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08:37 EDTGWAYGreenway Medical granted two U.S: patents for care-coordination technology
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08:36 EDTGMEGameStop sees Q2 EPS 1c-7c, consensus 8c
GameStop expects Q2 comparable store sales to range from down 16.0% to down 12.5%.
08:36 EDTUNMUnum Group's COO Kevin McCarthy to retire in Q1 2014
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