2021-03-03 07:45:01 07:45 03/03/21 03/0307:45 03/03/2107:45 | Treasury Market Outlook: the recovery narrative is supporting risk appetiteTreasury Market Outlook: the recovery narrative is supporting risk appetite, weakening bonds in the wake. Equities are broadly higher on improving news on vaccines and expectations for more U.S. stimulus. U.S. futures are 0.55% to 0.65% firmer, while the DAX has climbed 0.9% and the FTSE is up 0.78%. Asian shares closed solidly in the green, paced by the Hang Seng's 2.7% jump and the CIS's 1.9% gain. Treasuries leading the sell-off in bonds as the 10-yar is up over 5 bps to 1.445%. The Bund and Gilt are over 3 bps cheaper at -0.325% and 0.722%, respectively. The UK extended its furlough scheme to September. Eurozone data continue to show a strengthening manufacturing sector but weakness in services amid shutdowns. Eurozone PPI inflation picked up to unchanged from -1.1% y/y, continuing the global reflation theme. Meanwhile, China's manufacturing growth is slowing as per PMIs. Central bankers continue to use jawboning to try to tamp down rising interest rates. It is a busy U.S. session today with ADP and ISM services data. The MBA reported a 0.5% bounce in mortgage applications for the February 26 week. The Fed releases the Beige Book and there is Fedspeak from Harker, Bostic and Evens. The markets will wait for Chair Powell's remarks Thursday, however, to see if he has any new thoughts on the rise in bond yields. The earnings calendar features Snowflake, Brown Forman, Marvell Technology, Splunk, Trip.com, and Dollar Tree. |
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Earnings
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First Western Financial reports Q1 EPS 74c, consensus 63c »
16:19 04/22/21 04/2216:19 04/22/2116:19
MYFW
First Western Financial
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Earnings
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Boston Beer reports Q1 EPS $5.26 with items, consensus $2.61 »
16:19 04/22/21 04/2216:19 04/22/2116:19
SAM
Boston Beer
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Initiation
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JBS S.A. initiated with a Buy at Goldman Sachs »
16:18 04/22/21 04/2216:18 04/22/2116:18
JBSAY
JBS S.A.
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Hot Stocks
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Albertsons names Danielle Crop chief data officer »
16:18 04/22/21 04/2216:18 04/22/2116:18
ACI
Albertsons
American Express
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Syndicate
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Misonix files $100M mixed securities shelf
16:17 04/22/21 04/2216:17 04/22/2116:17
MSON
Misonix
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Earnings
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First Financial Bancorp reports Q1 adjusted EPS 50c, consensus 48c »
16:17 04/22/21 04/2216:17 04/22/2116:17
FFBC
First Financial Bancorp
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Hot Stocks
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Molina Healthcare to acquire Cigna's Texas Medicaid contracts for $60M »
16:17 04/22/21 04/2216:17 04/22/2116:17
MOH
Molina Healthcare
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Syndicate
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Transphorm files to sell 250K shares of common stock for holders
16:17 04/22/21 04/2216:17 04/22/2116:17
TGAN
Transphorm
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Initiation
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BRF S.A. initiated with a Buy at Goldman Sachs »
16:17 04/22/21 04/2216:17 04/22/2116:17
BRFS
BRF S.A.
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Earnings
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Employers Holdings reports Q1 adjusted EPS 51c, consensus 47c »
16:17 04/22/21 04/2216:17 04/22/2116:17
EIG
Employers Holdings
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Earnings
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CrossFirst Bancshares reports Q1 EPS23c, consensus 19c »
16:17 04/22/21 04/2216:17 04/22/2116:17
CFB
CrossFirst Bancshares
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Technical Analysis
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NASDAQ market internals summary »
16:17 04/22/21 04/2216:17 04/22/2116:17
$NSD
NASDAQ Market Internals
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Earnings
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National Bank reports Q1 diluted EPS 86c, consensus 70c »
16:16 04/22/21 04/2216:16 04/22/2116:16
NBHC
National Bank
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Downgrade
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Kraft Heinz downgraded to Neutral from Overweight at Piper Sandler »
16:16 04/22/21 04/2216:16 04/22/2116:16
KHC
Kraft Heinz
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Technical Analysis
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Hot Stocks
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U.S. Xpress Enterprises sees freight demand remaining strong throughout 2021 »
16:15 04/22/21 04/2216:15 04/22/2116:15
USX
U.S. Xpress Enterprises
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Earnings
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Independent Bank Corp. reports Q1 EPS $1.26, consensus $1.09 »
16:15 04/22/21 04/2216:15 04/22/2116:15
INDB
Independent Bank
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Earnings
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U.S. Xpress Enterprises reports Q1 EPS 5c, consensus 5c »
16:15 04/22/21 04/2216:15 04/22/2116:15
USX
U.S. Xpress Enterprises
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Earnings
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Vicor reports Q1 EPS 34c, consensus 25c »
16:14 04/22/21 04/2216:14 04/22/2116:14
VICR
Vicor
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Earnings
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Skechers sees Q2 EPS 40c-50c, consensus 30c »
16:14 04/22/21 04/2216:14 04/22/2116:14
SKX
Skechers
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Earnings
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Snap sees Q2 revenue $820M-$840M, consensus $826.11M »
16:14 04/22/21 04/2216:14 04/22/2116:14
SNAP
Snap
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Earnings
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Skechers sees FY21 EPS $1.80-$2.00, consensus $1.92 »
16:14 04/22/21 04/2216:14 04/22/2116:14
SKX
Skechers
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Conference/Events
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Goldman Sachs communications tech analyst holds analyst/industry conference call »
16:14 04/22/21 04/2216:14 04/22/2116:14
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Hot Stocks
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WWE backs FY21 OIBDA view of $270M-$305M »
16:14 04/22/21 04/2216:14 04/22/2116:14
WWE
WWE
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Hot Stocks
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Snap reports Q1 DAUs 280M, up 22% y/y »
16:13 04/22/21 04/2216:13 04/22/2116:13
SNAP
Snap
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