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Real-time Equity news
U.S. stock market report
1720 ET 04Sep2009-US 3rd
quarter company earnings seen falling 22 pct
Third-quarter earnings from Standard & Poor's 500 companies are expected to decline 22.4 percent from a year ago, slightly worse than last week's estimate, according to data from Thomson Reuters.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net; Editing by Kenneth Barry
1705 ET 04Sep2009-US STOCKS
Wall St gains for 2nd day; tech shares outperform
U.S. stocks closed higher on Friday as investors focused on the bright side of a mixed payrolls report that showed smaller-than-expected job cuts in August, although the unemployment rate hit a 26-year high.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1632 ET 04Sept2009 Zimmer Holdings attracts call interest
Shares of orthopedic device maker Zimmer Holdings Inc rose 3.52 percent to $49.11. In the options arena, traders exchanged about 13,000 contracts, five times the average daily norm on the day, according to Trade Alert.
The turnover was biased on the call side with about 10,000 lots traded. Buyers of the September $50 and $55 call strikes led the flow -- with about three-quarters hitting at the offer during the session, said WhatsTrading.com option strategist Frederic Ruffy. Data from the International Securities Exchange ISEE sentiment index indicate that 61 percent (3,356 calls) were opening customer buys, he added. The company is scheduled to present at two conferences before the September expiration.
The stock's average implied volatility rose to 31 percent from about 29 percent late on Thursday.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1612 ET 04Sep2009-US STOCKS SNAPSHOT
U.S. stocks end up after jobs data
U.S. stocks ended higher on Friday as investors focused on the bright side of a mixed payrolls report that showed smaller-than-expected job cuts in August, even though the unemployment rate hit a 26-year high.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1538 ET 04Sept2009 Fear index gets notable VIX option trades
The CBOE Volatility Index fell 6.86 percent to 25.24 near the close. In VIX products, one investor expecting volatility to rebound by September expiration employed a so-called call tree to purchase VIX calls at a greatly reduced premium, said Interactive Brokers Group equity options analyst Caitlin Duffy. The trader bought 3,000 calls at the Sept 30 strike for $1.10 each. He offset that amount by selling 3,000 calls at the Sept 32.5 strike for 60 cents apiece and by selling another 3,000 calls at the Sept 35 strike for 35 cents per contract, she said. The trade would be profitable if VIX Sept futures close above 30.15 and all the way up to 35 by Sept expiration, said Dan Deming, a VIX option trader at Stutland Equities. Separately in the October contract, there was a large buyer of the VIX 25 put strike. The buyer might looking for an extended decline in volatility or using those puts as a hedge and having long premium positions in another index, he said.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1433 ET 04Sep2009-US RESEARCH SUMMARY-Non
S&P 500 Sept 4 1734 GMT
Following is a summary of research actions on non-S&P 500 companies reported
by Reuters on Friday. Stock entries are in alphabetical order.
For a summary of research on S&P 500 companies, double click on.
For a summary of research on Canadian companies, double click on.
STOCK RESEARCH BY ACTION
Aeropostale IncCaris Raises price target to $50 from $47
RBC Raises price target to $45 from $43
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1303 ET 04Sep2009-US STOCKS
Wall St rises on payrolls data; semis lift Nasdaq
U.S stocks gained ground on Friday after a mixed payrolls report failed to rattle investors as U.S. job losses in August were the smallest in a year, although the unemployment rate hit a 26-year high.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1315 ET 04Sept2009 Traders circle Sprint calls, eye gains
Traders furiously picked up Sprint Nextel Corp's call options, one day after the U.S. telecom operator plans to sell HTC Corp's Hero cellphone based on Google Inc's Android operating system. Sprint, which already sells Palm Inc's Pre smartphone, said it will start selling Hero on Oct. 11. Its shares rose 8 cents to $3.66. 'Frenzied call buying on Sprint was observed throughout the first half of the day,' said Andrew Wilkinson, market analyst at Interactive Brokers Group. The stock's option implied volatility jumped 27 percent to 70 percent, indicating that investors are expecting the price of Sprint shares to shift, perhaps sharply going forward. He noted buyers coveted more than 35,000 calls at the Oct $4 strike for an average premium of
20 cents per contract. Investors break
even on the trade if shares close above $4.20 by next month's expiration. In all, about 103,000 calls and 7,679 puts traded on combined daily volume eight times the norm, according to Trade Alert.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Real-time Equity news
U.S. stock market report
1720 ET 04Sep2009-US 3rd
quarter company earnings seen falling 22 pct
Third-quarter earnings from Standard & Poor's 500 companies are expected to decline 22.4 percent from a year ago, slightly worse than last week's estimate, according to data from Thomson Reuters.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net; Editing by Kenneth Barry
1705 ET 04Sep2009-US STOCKS
Wall St gains for 2nd day; tech shares outperform
U.S. stocks closed higher on Friday as investors focused on the bright side of a mixed payrolls report that showed smaller-than-expected job cuts in August, although the unemployment rate hit a 26-year high.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1632 ET 04Sept2009 Zimmer Holdings attracts call interest
Shares of orthopedic device maker Zimmer Holdings Inc rose 3.52 percent to $49.11. In the options arena, traders exchanged about 13,000 contracts, five times the average daily norm on the day, according to Trade Alert.
The turnover was biased on the call side with about 10,000 lots traded. Buyers of the September $50 and $55 call strikes led the flow -- with about three-quarters hitting at the offer during the session, said WhatsTrading.com option strategist Frederic Ruffy. Data from the International Securities Exchange ISEE sentiment index indicate that 61 percent (3,356 calls) were opening customer buys, he added. The company is scheduled to present at two conferences before the September expiration.
The stock's average implied volatility rose to 31 percent from about 29 percent late on Thursday.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1612 ET 04Sep2009-US STOCKS SNAPSHOT
U.S. stocks end up after jobs data
U.S. stocks ended higher on Friday as investors focused on the bright side of a mixed payrolls report that showed smaller-than-expected job cuts in August, even though the unemployment rate hit a 26-year high.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1538 ET 04Sept2009 Fear index gets notable VIX option trades
The CBOE Volatility Index fell 6.86 percent to 25.24 near the close. In VIX products, one investor expecting volatility to rebound by September expiration employed a so-called call tree to purchase VIX calls at a greatly reduced premium, said Interactive Brokers Group equity options analyst Caitlin Duffy. The trader bought 3,000 calls at the Sept 30 strike for $1.10 each. He offset that amount by selling 3,000 calls at the Sept 32.5 strike for 60 cents apiece and by selling another 3,000 calls at the Sept 35 strike for 35 cents per contract, she said. The trade would be profitable if VIX Sept futures close above 30.15 and all the way up to 35 by Sept expiration, said Dan Deming, a VIX option trader at Stutland Equities. Separately in the October contract, there was a large buyer of the VIX 25 put strike. The buyer might looking for an extended decline in volatility or using those puts as a hedge and having long premium positions in another index, he said.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1433 ET 04Sep2009-US RESEARCH SUMMARY-Non
S&P 500 Sept 4 1734 GMT
Following is a summary of research actions on non-S&P 500 companies reported
by Reuters on Friday. Stock entries are in alphabetical order.
For a summary of research on S&P 500 companies, double click on.
For a summary of research on Canadian companies, double click on.
STOCK RESEARCH BY ACTION
Aeropostale IncCaris Raises price target to $50 from $47
RBC Raises price target to $45 from $43
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1303 ET 04Sep2009-US STOCKS
Wall St rises on payrolls data; semis lift Nasdaq
U.S stocks gained ground on Friday after a mixed payrolls report failed to rattle investors as U.S. job losses in August were the smallest in a year, although the unemployment rate hit a 26-year high.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1315 ET 04Sept2009 Traders circle Sprint calls, eye gains
Traders furiously picked up Sprint Nextel Corp's call options, one day after the U.S. telecom operator plans to sell HTC Corp's Hero cellphone based on Google Inc's Android operating system. Sprint, which already sells Palm Inc's Pre smartphone, said it will start selling Hero on Oct. 11. Its shares rose 8 cents to $3.66. 'Frenzied call buying on Sprint was observed throughout the first half of the day,' said Andrew Wilkinson, market analyst at Interactive Brokers Group. The stock's option implied volatility jumped 27 percent to 70 percent, indicating that investors are expecting the price of Sprint shares to shift, perhaps sharply going forward. He noted buyers coveted more than 35,000 calls at the Oct $4 strike for an average premium of
20 cents per contract. Investors break
even on the trade if shares close above $4.20 by next month's expiration. In all, about 103,000 calls and 7,679 puts traded on combined daily volume eight times the norm, according to Trade Alert.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.