Every morning the Street of Walls team puts out an update on market levels, today’s top stories, and active M&A deals.
Today’s Top Stories:
- FREE HF 13F Report: Next week the StreetofWalls team will be releasing the 4Q 2011 Hedge Fund Intelligence Report, free sign-up http://bit.ly/y2CMbx
- Greece Update: There is a Eurozone finance ministers meeting scheduled for this Mon/Tues (2/20-21). According to several press reports, the country will see a final decision made on its EU130B bailout
- Fortress Decreases ACAS Stake: Fortress Investment Group disclosed that it decreased its position in the total outstanding common shares of American Capital (Nasdaq:ACAS) to 6.32% http://bit.ly/xEovkx
- Wireless Spectrum: NYT article talks about how Congress will authorize the sale of public spectrum to help pay for the payroll tax dealhttp://nyti.ms/xXSbep
- What Investment Bankers Do: This is a really funny slide floating around the street about what Investment Bankers do http://bit.ly/zsWq1C
- QE3 Getting Priced In: suggestions from Fed officials that a QE3 program could get launched are helping to drive up mortgage prices (BBG)
- Homebuilding Thoughts: “We think the last few months have brought further signs that a home improvement recovery is in bloom. While the stocks have started to discount a rebound, we think there is still significant room for the sector to flourish” (UBS)
Economic Calendar:
- 8:30am: CPI, M/m, Jan., est. 0.3% (prior 0.0%)
- 10am: Leading Indicators, Jan., est. 0.5% (prior 0.4%)
- 10am: API monthly report
- 1pm: Baker Hughes rig count
M&A Watch:
- Weekly M&A Trends: This week saw some a big jump in M&A while ECM/DCM activity declined. Announced investment banking M&A doubled from the prior week to $80.9 billion, M&A volumes are still very low for the start of the year http://bit.ly/yuWbVv
