Major Economic Releases
(All times are Pacific):
6:55 a.m. Mich Sentiment Jul
7 a.m. Leading Indicators Jun
National Earnings Reports
Major companies scheduled to report quarterly earnings next week:
FRIDAY, July 18
General Electric Co. reports quarterly financial results before the market opens.
Consumer Price Index (CPI): +0.4% in May 2014 News Release Historical Data
Unemployment Rate: 6.1% in Jun 2014 News Release Historical Data
Payroll Employment: +288,000(p) in Jun 2014 News Release Historical Data
Average Hourly Earnings: +$0.06(p) in Jun 2014 News Release Historical Data
Producer Price Index - Final Demand: -0.2%(p) in May 2014 News Release Historical Data
Employment Cost Index (ECI): +0.3% in 1st Qtr of 2014 News Release Historical Data
Productivity: -3.2%(r) in 1st Qtr of 2014 News Release Historical Data
U.S. Import Price Index: +0.1% in May 2014 News Release Historical Data
U.S. Export Price Index: +0.1% in May 2014
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.
CareDx Inc. - Brisbane, Calif., 3.1 million shares, priced $15 to $17 managed by Piper Jaffray and Leerink Partners. Proposed Nasdaq symbol CDNA. Business: Sells molecular diagnostic tests to monitor heart transplants.
Globant S.A. - Luxembourg, 6.3 million shares, priced $11 to $13, managed by J.P. Morgan, Citigroup, and Credit Suisse. Proposed NYSE symbol GLOB. Business: Provider of mobile, website, cloud, and big data IT solutions, operating primarily out of Buenos Aires, Argentina.
iRadimed Corp. - Winter Springs, Fla., 1.75 million shares, priced $5 to $6, managed by Roth Capital. Proposed Nasdaq Capital Market symbol IRMD. Business: Provider of non-magnetic intravenous infusion pump systems that are safe for use during magnetic resonance imaging procedures.
Medical Transcription Billing Corp. - Somerset, N.J., 3 million shares, priced $9 to $11, managed by Chardan Capital Markets, Aegis Capital, and Summer Street Research. Proposed Nasdaq symbol MTBC. Business: Provides a software as a service platform for ambulatory care facilities. Originally scheduled to price week of July 7.
Pfenex Inc. - San Diego, 5 million shares, priced $12 to $14, managed by William Blair and JMP Securities. Proposed NYSE symbol PFNX. Business: Clinical-stage biotech developing difficult to manufacture and high-value proteins initially focued on biosimilar therapeutics.
Roka BioScience Inc. - Warren, N.J., 5 million shares, priced $14 to $16, managed by BofA Merrill Lynch, Leerink Partners, and Cowen & Co. Proposed Nasdaq symbol ROKA. Business: Develops food safety testing equipment that uses molecular diagnostics.
Sage Therapeutics Inc. - Cambridge, Mass., 4 million shares, priced $14 to $16, managed by J.P. Morgan and Goldman Sachs. Proposed Nasdaq symbol SAGE. Business: Biotech developing treatments for life-threatening seizures.
TerraForm Power Inc. - Beltsville, Mass., 20.1 million shares, priced $19 to $21, managed by Goldman Sachs, Barclays, and Citigroup. Proposed Nasdaq symbol TERP. Business: Solar energy yieldco spun out of SunEdison.
Trupanion Inc. - Seattle, 7.1 million shares, priced $13 to $15, managed by RBC Capital Markets, Barclays, and Stifel. Proposed NYSE symbol TRUP. Business: Provides medical insurance covering cats and dogs in North America.
TubeMogul Inc. - Emeryville, Calif., 6.3 million shares, priced $11 to $13, managed by BofA Merrill Lynch, Citigroup, and RBC Capital Markets. Proposed Nasdaq symbol TUBE. Business: Provides a programmatic digital video ad buying platform for brand advertisers.
Port calls this week
O.M. Agarum -- Arrive: 07/15, Depart: 07/17, Last Port: Puerto Quetzal, Guatemala, Berth: 10-02, Cargo: Bananas, Stevedore: SSA, Agent: NLI, Line: MOR, Flag: LBR
Star Hansa -- Arrive: 07/15, Depart: 07/16, Berth: 10-04, Cargo: Project Cargo, Stevedore: SSA, Agent: GSC, Line: STAR, Flag: NX
Trinidad -- Arrive: 07/16, Depart: 07/16, Berth: 24-10, Cargo: Automobile, Stevedore: PASHA, Agent: PSH, Line: ECC, Flag: NIS
Garnet Leader -- Arrive: 07/17, Depart: 07/17, Berth: 24-10, Cargo: Automobile, Stevedore: PASHA, Agent: PSH, Line: NYK, Flag: BHS
Dole Ecuador -- Arrive: 07/19, 07/22, Last Port: Puerto Quetzal, Guatemala, Berth: 10-02, Cargo: Bananas, Stevedore: SSA, Agent: NLI, Line: DOLE, Flag: BHS
American Highway -- Arrive: 07/20, Depart: 07/20, Berth: 24-05, Cargo: Automobile, Stevedore: PASHA, Agent: PSH, Line: K-LINE, Flag: PAN
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