Major Economic Releases
(All times are Pacific):
4 a.m. MBA Mortgage Index 02/02
7:30 a.m. Crude Inventories 02/02
5:30 a.m. Initial Claims 02/02
5:30 a.m. Continuing Claims 01/26
5:30 a.m. Productivity-Prel Q4
5:30 a.m. Unit Labor Costs Q4
7:30 a.m. Natural Gas Inventories 02/02
12 p.m. Consumer Credit Dec
5:30 a.m. Trade Balance Dec
7 a.m. Wholesale Inventories Dec
National Earnings Reports
Major companies tentatively scheduled to report quarterly earnings this week, with ticker symbol and Thomson Financial profit estimates:
WEDNESDAY, Feb. 6
CVS Caremark Corp. reports quarterly financial results.
News Corp. reports quarterly financial results.
Ralph Lauren Corp. reports quarterly financial results.
Time Warner Inc. reports quarterly financial results.
Visa Inc. reports quarterly financial results.
THURSDAY, Feb. 7
Hasbro Inc. reports quarterly financial results.
LinkedIn Corp. reports quarterly financial results.
Philip Morris International Inc. reports quarterly financial results.
Sprint Nextel Corp. reports quarterly financial results.
Credit Suisse, the Swiss bank, reports quarterly financial results.
Sony, the Japanese electronics maker, reports quarterly financial results.
FRIDAY, Feb. 8
Consumer Price Index (CPI): unchanged in Dec 2012
Unemployment Rate: 7.9% in Jan 2013
Payroll Employment: +157,000(p) in Jan 2013
Average Hourly Earnings: +$0.04(p) in Jan 2013
Producer Price Index (PPI): -0.2%(p) in Dec 2012
Employment Cost Index (ECI): +0.5% in 4th Qtr of 2012
Productivity: +2.9%(r) in 3rd Qtr of 2012
U.S. Import Price Index: -0.1% in Dec 2012
U.S. Export Price Index: -0.1% in Dec 2012
The following is a list of initial public offerings planned for the coming week. Sources include Renaissance Capital, Greenwich, CT (www.ipohome.com) and SEC filings.
AutoGenomics Inc. - Vista, Calif., 6 million shares, priced $9 to $11, managed by Leerink Swann. Proposed Nasdaq symbol AGMX. Business: Provides a molecular diagnostics system for genetic testing in clinical laboratories.
Boise Cascade Co. - Boise, Idaho, 11.8 million shares, priced $16 to $18, managed by BofA Merrill Lynch and Goldman Sachs. Proposed NYSE Symbol BCC. Business: North American wood products manufacturer and building materials distributor.
ExOne Co. (The) - North Huntingdon, Pa., 5 million shares, priced $14 to $16, managed by FBR Capital Markets. Proposed Nasdaq symbol XONE. Business: Provider of 3D printing machines and printed products to industrial customers.
Health Insurance Innovations Inc. - Tampa, Fla., 4.67 million class A shares, priced $14 to $16, managed by Credit Suisse, Citigroup, and BofA Merrill Lynch. Proposed Nasdaq symbol HIIQ. Business: Offers web-based medical insurance plans for the uninsured and underinsured.
National Commercial Bank Jamaica Ltd. - Kingston, Jamaica, 16.07 million American depositary shares, each representing 50 ordinary shares, priced $13 to $15, managed by J.P. Morgan and Macquarie Capital. Proposed NYSE symbol NCJ. Business: Jamaica's largest commercial bank.
New Source Energy Partners LP - Oklahoma City, Okla., 4 million common units, priced $19 to $21, managed by Baird, Stifel Nicolaus Weisel, and BMO Capital Markets. Proposed NYSE symbol NSLP. Business: New Source Energy-sponsored LP formed to own OK-based oil and gas assets.
QGOG Constellation S.A. - Luxembourg, 27.5 million shares, priced $19 to $21, managed by J.P. Morgan, BofA Merrill Lynch, and Itau BBA. Proposed NYSE symbol QGOG. Business: Brazilian provider of offshore oil and gas drilling.
ZAIS Financial Corp. - Red Bank, N.J., 5.65 million shares, priced at $21 each, managed by Deutsche Bank, Citigroup, and Barclays. Proposed NYSE symbol ZFC. Business: Mortgage REIT that invests in agency and non-agency RMBS.
Port calls this week
Michigan Highway -- Arrive: 02/04, Depart: 02/04, Last Port: Tacoma, Wash., Berth: 24-05, Cargo: Automobile, Stevedore: PASHA, Agent: PSH, Line: K-LINE, Flag: JPN
United Maderas -- Arrive: 02/04, Depart: 02/10, Last Port: Weipa, Australia, Berth: 10-07, Cargo: Bauxite, Stevedore: SSA, Agent: GSC, Line: ULTRA, Flag: LBR
Morning Melody -- Arrive: 02/05, Depart: 02/05, Last Port: Ulsan, Korea, Berth: 24-10, Cargo: Automobile, Stevedore: PASHA, Agent: PSH, Line: ECC, Flag: PAN
Jean Anne -- Arrive: 02/05, Depart: 02/06, Last Port: Hawaii, Berth: 24-02, Cargo: Automobile, Stevedore: PASHA, Agent: PSH, Line: PASHA, Flag: USA
Solar Wing -- Arrive: 02/07, Depart: 02/07, Berth: 24-10, Cargo: Automobile, Stevedore: PASHA, Agent: NLI, Line: ACT, Flag: LI
Dole California -- Arrive: 02/10, Depart: 02/12, Last Port: Puerto Quetzal, Guatemala, Berth: 10-02, Cargo: Bananas, Stevedore: SSA, Agent: NLI, Line: DOLE, Flag: BHS
Zaandam -- Arrive: 02/09, Depart: 02/09, Last Port: Ensenada, Mexico, Berth: B-01, Activity: Embark, Disembark, Stevedore: SSA, Agent: PSH, Line: HLLND, Flag: NLD
Definitions -- Stevedore: Manages the operation of loading or unloading a ship. Agent: Manages the contracts, logistics. Line: Shipping line that owns the ship. Flag: Nation the ship is flagged under. Source: San Diego Marine Information System