Major Economic Releases
(All times are Pacific):
5:30 a.m. Initial Claims 08/02
5:30 a.m. Continuing Claims 07/26
7:30 a.m. Natural Gas Inventories 08/02
12 p.m. Consumer Credit Jun
5:30 a.m. Productivity-Prel Q2
5:30 a.m. Unit Labor Costs Q2
7 a.m. Wholesale Inventories Jun
National Earnings Reports
Major companies scheduled to report quarterly earnings next week:
THURSDAY, Aug. 7
Fannie Mae reports quarterly financial results before the market opens.
FRIDAY, Aug. 8
Consumer Price Index (CPI): +0.3% in Jun 2014 News Release Historical Data
Unemployment Rate: 6.2% in Jul 2014 News Release Historical Data
Payroll Employment: +209,000(p) in Jul 2014 News Release Historical Data
Average Hourly Earnings: +$0.01(p) in Jul 2014 News Release Historical Data
Producer Price Index - Final Demand: +0.4%(p) in Jun 2014 News Release Historical Data
Employment Cost Index (ECI): +0.7% in 2nd 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 Jun 2014 News Release Historical Data
U.S. Export Price Index: -0.4% in Jun 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.
GWG Holdings Inc. - Minneapolis, 1.6 million shares, priced $12 to $14, managed by MLV & Co. Proposed Nasdaq Capital Market symbol GWGH. Business: Holds a portfolio of life insurance policies worth over $250 million.
Green Bancorp - Houston, 4.7 million shares, priced $15 to $17, managed by Sandler O'Neill and Jefferies. Proposed Nasdaq symbol GNBC. Business: Texas bank with 12 branches in the Houston, Dallas and Austin MSAs.
Hoegh LNG Partners LP - Oslo, Norway, 9.6 million common units, priced $19 to $21, managed by Citigroup, BofA Merrill Lynch, and Morgan Stanley. Proposed NYSE symbol HMLP. Business: MLP formed by Höegh LNG Holdings Ltd. to own three floating storage and regasification units.
iDreamSky Technology Ltd. - Shenzhen, China, 7.7 million American depositary shares, each representing 4 class A ordinary shares, priced $12 to $14, managed by Credit Suisse, J.P. Morgan, and Stifel. Proposed Nasdaq symbol DSKY. Business: Mobile game publisher with 100 million monthly active users.
Independence Contract Drilling Inc. - Houston, 10 million shares, priced $14 to $16, managed by Morgan Stanley, RBC Capital Markets, and Tudor, Pickering, Holt. Proposed NYSE symbol ICD. Business: Operates nine contracted land drilling rigs for E&Ps in the Permian Basin.
T2 Biosystems - Lexington, Mass., 4 million shares, priced $15 to $17, managed by Goldman Sachs and Morgan Stanley. Proposed Nasdaq symbol TTOO. Business: Developing diagnostics tests that screen for sepsis and hemostasis.
The following were scheduled for the week of July 28, have been delayed until the week of Aug. 4:
Auris Medical Holding AG - Zug, Switzerland, 6.9 million common shares, priced $10 to $12, managed by Jefferies, and Leerink Partners. Proposed Nasdaq symbol EARS. Business: Biotech developing treatments for inner ear disorders.
Tobira Therapeutics Inc. - San Francisco, 4.6 million shares, priced $12 to $14, managed by BMO Capital Markets, JMP Securities, and Oppenheimer. Proposed Nasdaq symbol TBRA. Business: Biotech developing an immunotherapy treatment for liver disease (NASH) and HIV.
Zosano Pharma Corp. - Fremont, Calif., 6.4 million shares, priced $10 to $12, managed by Wedbush PacGrow, Ladenburg Thalmann, and Roth Capital. Proposed Nasdaq symbol ZSAN. Business: Biotech developing a transdermal delivery system to treat osteoporosis.
Port calls this week
Glovis Cougar -- Arrive: 08/04, Depart: 08/04, Last Port: Bremerhaven, Berth: 24-10, Cargo: Automobile, Stevedore: PASHA, Agent: PSH, Line: GLOVIS, Flag: MHI
Nils B -- Arrive: 08/04, Depart: 08/06, Last Port: Point A. Pierre, Trinidad, Berth: 10-04, Cargo: Load Project Cargo, Stevedore: MTR, Agent: NLI, Flag: ATG
Vega Leader -- Arrive: 08/04, Depart: 08/05, Last Port: Brunswick, Georgia, Berth: 24-10, Cargo: Automobile, Stevedore: PASHA, Agent: PSH, Line: NYK, Flag: PA
Ivory Arrow -- Arrive: 08/05, Depart: 08/05, Last Port: Port Hueneme, CA, Berth: 24-05, Cargo: Automobile, Stevedore: PASHA, Agent: PSH, Line: K-LINE, Flag: BHS
Jean Anne -- Arrive: 08/05, Depart: 08/06, Last Port: Hilo, Hawaii, Berth: 24-02, Cargo: Automobile, Stevedore: PASHA, Agent: PSH, Line: PASHA, Flag: USA
Morning Cello -- Arrive: 08/06, Depart: 08/06, Last Port: Port Hueneme, CA, Berth: 24-10, Cargo: Automobile, Stevedore: PASHA, Agent: PSH, Line: ECC, Flag: SGP
Dole Ecuador -- Arrive: 08/10, Depart: 08/12, Last Port: Puerto Quetzal, Guatemala, Berth: 10-02, Cargo: Bananas, Stevedore: SSA, Agent: NLI, Line: DOLE, Flag: BHS
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