Stocks that are expected to trade actively in the U.S. markets on Monday include Hasbro, Inc. (NASDAQ:HAS), Pioneer Natural Resources (NYSE:PXD), Apple Inc. (NASDAQ:AAPL), Loews Corporation (NYSE:L) and Cna Financial Corp (NYSE:CNA).
USA – DJIA 15794.08 (1.06%), S&P 500 1,797.02 (1.33%), NASDAQ 4,125.86 (1.69%)
Continued from part one... Q1 hedge fund letters, conference, scoops etc Abrams and his team want to understand the fundamental economics of every opportunity because, "It is easy to tell what has been, and it is easy to tell what is today, but the biggest deal for the investor is to . . . SORRY! Read More
Europe – FTSE 100 6,574.89 (0.05%), DAX 9,320.75 (0.22%), CAC 40 4,235.99 (0.18%)
Asia – NIKKEI 14718.34 (1.77%), HANG SENG 21579.26 (-0.27%), KOSPI 1,923.30 (0.04%) SHANGHAI 2,086.07 (2.03%)
Commodities – Gold 1,274.20 (0.89%), Silver 20.17 (1.17%) OIL 99.28 (-0.60%) Corn 441.00 (-0.73%), Wheat 573.00 (-0.78%)
Currency – USD/JPY 102.22 (-0.09%), GBP/USD 1.6404 (-0.01%), EUR/USD 1.3646 (0.13%)
10 year Treasury bond – 2.678 (-0.006).
Economic and Market Update
U.S. markets up – equities gained on Friday, with Wall Street recovering and posting its best two-day gain in four months, following a better than expected nonfarm payrolls report. Both the Dow and the S&P 500 witnessed their best weekly performance of the year so far.
European markets up – shares were up on Monday following the gains made by Nokia after settling a patent dispute with rival HTC. Gains made by Wall Street following better U.S. jobs figures also pushed the markets up. At 0855 GMT, the pan-European FTSEurofirst 300 was up 0.1% at 1,300.87 points, marking the fourth straight session of gains for the index.
Asian markets up – markets were up on Monday following an impressive show on Wall Street last week as investors shrugged off a worse-than-expected U.S. jobs report. Mainland shares closed at more than one-month high after resuming trade on Friday following a week-long Lunar New Year holiday. Japan’s benchmark Nikkei extended the gains made on Friday, and rose to one week high.
Stocks to watch
Hasbro, Inc. (NASDAQ:HAS)
For the fourth quarter, Hasbro is expected to post earnings of $1.21 a share, according to a consensus survey by FactSet. Analyst Eric Handler at MKM Partners believe that concerns over holiday sales may impact the fourth quarter results, but “investors are now braced for a softer report and likely more focused on Hasbro’s big 2014 entertainment driven product lineup.” Previously, analysts lowered the quarterly earnings estimate from $1.27 a share to $1.18 a share.
Pioneer Natural Resources (NYSE:PXD)
Pioneer Natural Resources is expected to post fourth-quarter earnings of 99 cents a share. Recently, analysts at J.P. Morgan lowered the price target on Pioneer from $233.50 to $210 owing to lower crude oil prices. However, the JPM analysts view Pioneer as one of their favorite stocks as it is “catalyst rich.”
Apple Inc. (NASDAQ:AAPL)
Apple Inc. (NASDAQ:AAPL) is expected to trade actively as the company recently received the support of influential proxy-advisory firm Institutional Shareholder Services Inc. (ISS). The firm believes that, in the upcoming meeting, shareholders should reject the proposal of activist shareholder Carl Icahn to buyback $50 billion of its stock.
Loews Corporation (NYSE:L)
For the fourth quarter, Loews is expected to report earnings of $0.72 per share. In after hours trading, the shares of the company gained 0.49% to $45.40.
Cna Financial Corp (NYSE:CNA)
CNA Financial is expected to post earnings of $0.88 per share on revenue of $2.29 billion for the fourth quarter. On Friday, shares of CNA Financial gained 0.33% to close at $39.67.