J.K.K.

June 17th, 2015

MORNING MARKET BRIEFING

Pre-Market Futures
DJIA: 17927 (+16.00) S&P 500: 2098.50 (+1.00) NASDAQ: 4458.50 (-0.50)

News

F.O.M.C. Rate Decision Today at 2:00PM ET.

EIA Petroleum Status Report out at 10:30AM ET. (USO CL_F)
Not included in last nights evening wrap-up, BioCardia, which is developing gene therapies for
cardiovascular diseases, filed for a $58M IPO. It plans to trade under the symbol BCDA.
Starbucks (SBUX) to close all 23 La Boulange locations.
Celgene (CELG) board approves additional $4B share buyback.
Keysight Technologies (KEYS) has agreed to acquire Britains Anite in a cash deal valued at approximately
$607M.
Qihoo 360 Technology (QIHU) received a $77/ADS buyout offer.
Allergan (AGN) is acquiring Kythera Biopharmaceuticals (KYTH) for $75/share or approximately $2.10B
Hill-Rom Holdings (HRC) to buy privately-held Welch Allyn for $2.10B
Jefferies Shipping Conference taking place today.

Pre-Market Movers
Qihoo 360 Technology (QIHU)
YY Inc. (YY)
Kythera Biopharmaceuticals (KYTH)
DAVIDsTEA (DTEA)

Analyst Action
Company
British American Tobacco
Concho Resources
FactSet Research
Rice Energy
Agrium
Coty Inc.
Devon Energy
Bristol Myers
Eli Lilly
Molina Healthcare
Pfizer

Ticker
BTI
CXO
FDS
RICE
AGU
COTY
DVN
BMY
LLY
MOH
PFE

Investment Firm
Goldman Sachs
Citigroup
BTIG
Citigroup
CSLA
Citigroup
Oppenheimer
Piper Jaffray
Piper Jaffray
UBS
Jefferies

Action
Upgrade
Upgrade
Upgrade
Upgrade
Downgrade
Downgrade
Downgrade
Initiates Coverage
Initiates Coverage
Initiates Coverage
Initiates Coverage

Earnings Central
Before the Open
Ticker
FDX

Company
FedEx

Industry
Air Delivery &
Freight
Services

EPS (Est)
$2.43

EPS (Act)
$2.66

Rev (Est)
$12.31B

Rev (Act)
$12.10B

Notes

Rev (Est)
$4.46B

Rev (Act)

Notes

After the Close

Ticker
JBL

Company
Jabil Circuit

ORCL

Oracle

PIR

Pier 1
Imports

Industry
Printed Circuit
Boards
Application
Software
Specialty
Retail

EPS (Est)
$0.49

EPS (Act)

$0.87

$10.95B

$0.08

$434.53M

Late Night Options (not included in last nights evening wrap-up)

Bloomin Brands (BLMN) Buyer of the October 22.5 Calls for 1.35 1500x
Campus Crest Communities (CCG) Buyer of the July 5 Put between 0.15 0.20 1200x
First Niagra Financial Group (FNFG) Buyer of the January (2016) 10 Calls for 0.55 3000x
Red Robin Gourmet Burgers (RRGB) Buyer of the December 80 Call between 9.20 12.18 853x. This
was a roll from the June 75 Calls.
Thoratec (THOR) A Risk Reversal in the July 41 Put/48 Call 1000x
Abengoa Yield (ABY) A Risk Reversal in the November 30 Put/40 Call 2235x
Air Products & Chemical (APD) Buyer of the July 150 Calls for 1.50 2000x
Hudson City Bancorp (HCBK) Buyer of the July 10 Calls for 0.35 2000x
Fossil Group (FOSL) A Risk Reversal in the September 65 Put/80 Call 2500x

Open Interest Changes

Company
Market Vectors Gold
Miners
Spectra Energy

Symbol
GDX

Description
July 19.5 Call

OI Yesterday
2,311

OI Today
34,414

SE

September 35 Call

201

25,454

Comstock Resources

CRK

July 5 Put

63

5,780

FerrellGas Partners

FGP

July 22.5 Put

161

3,282

FerrellGas Partners

FGP

July 20 Put

35

3,035

KeyCorp

KEY

5,076

Williams Companies

WMB

January (2016) 18
Call
November 49 Call

718

25,450

CrossAmerica Partners

CAPL

October 55 Put

2,250

Tahoe Resources

TAHO

July 15 Call

169

4,598

ConAgra Foods

CAG

July 39 Call

796

6,840

Coca Cola

KO

November 45 Call

3,067

27,577

Colgate Palmolive

CL

November 65 Put

628

3,629

Colgate Palmolive

CL

November 55 Put

387

3,038

Genworth Financial

GNW

December 6 Put

9,541

20,140

Ultrashort 20 Year
Treasury
Ultrashort FTSE China 50

TBT

July 52 Call

2,096

58,116

FXP

December 33 Put

22

3,022

Guggenheim China Small

Cap
Vornado Realty Trust

HAO

September 30 Call

1,461

VNO

September 100 Call

135

2,135

SPDR Select Financials

XLF

December 26 Call

43,151

138,851

Cardinal Health

CAH

June 90 Call

627

6,347

Rockwell Medical

RMTI

July 16 Call

2,539

Anacor Pharmaceuticals

ANAC

August 90 Call

250

1,889

Xoma Corporation

XOMA

July 2.5 Put

1,092

4,292

Edwards Lifesciences

EW

August 150 Call

158

2,693

Neurocrine Biosciences

NBIX

November 50 Call

92

1,104

ABB Ltd

ABB

July 22 Put

480

3,074

Hilton Worldwide

HLT

October 26 Put

137

5,147

Hilton Worldwide

HLT

October 29 Call

5,281

9,514

Hilton Worldwide

HLT

October 32 Call

391

5,285

Swift Transportation

SWFT

November 23 Put

15,316

26,326

Expedia

EXPE

October 100 Put

113

1,109

Charter Communications

CHTR

3,400

Delta Airlines

DAL

January (2017) 145

Call
September 43 Call

2,266

5,081

Cree Inc.

CREE

June (26) 31.5 Call

52

3,317

Garmin

GRMN

July 45 Call

2,074

3,976

PPL Corporation

PPL

October 32 Call

99

5,121

Duke Energy

DUK

July 70 Put

1,192

7,709

Oneok

OKE

July 40 Call

62

2,134

Oneok

OKE

October 42.5 Call

113

3,512

Bloomin Brands

BLMN

October 22.5 Call

116

1,500

Campus Crest
Communities
First Niagra Financial
Group
Red Robin Gourmet
Burgers
Thoratec

CCG

July 5 Put

60

1,260

FNFG

450

3,468

RRGB

January (2016) 10
Call
December 80 Call

53

786

THOR

July 41 Put

1,037

1,853

Thoratec

THOR

July 48 Call

32

1,016

Abengoa Yield

ABY

November 30 Put

70

2,305

Abengoa Yield

ABY

November 40 Call

317

2,552

Air Products & Chemicals

APD

July 150 Call

1,709

3,808

Hudson City Bancorp

HCBK

July 10 Call

3,078

4,996

Fossil Group

FOSL

September 65 Put

314

2,763

Fossil Group

FOSL

September 80 Call

534

2,888