Morning Call For February 3, 2015

Neil Dana reported a 9.3% passive stake in GoPro (GPRO +4.80%) .

Advent Software (ADVS -1.10%) rose over 6% in after-hours tradng after SS&C (SSNC -1.41%) announeced it will acquire the company for $44.25 per share, or $2.7 billion.

Cliffs Natural Resources (CLF +8.57%) jumped 11% in after-hours trading after it reported Q4 EPS of $1.00, more than seven times consensus of 13 cents.

Rent-A-Center (RCII +2.19%) slumped over 13% in after-hours trading after it reported Q4 adjusted EPS of 50 cents, below consensus of 63 cents, and then lowered guidance on fiscal 2015 EPS to $2.05-$2.30, less than consensus o $2.48.

Reinsurance Group (RGA +1.62%) reported Q4 adjusted EPS of $2.99, well above consensus of $2.11.

OppenheimerFunds reported a 6.11% passive stake in Targa Resources Partners (NGLS +4.59%) .

Anadarko (APC +1.25%) reported adjusted Q4 EPS of 37 cents, well below consensus of 85 cents.

Hartford Financial (HIG +1.70%) reported Q4 EPS of 96 cents, beter than consensus of 93 cents.

Owens-Illinois (OI +3.73%) reported Q4 EPS of 46 cents, right on consensus, although Q4 revenue of $1.60 billion was slightly below consensus of $1.65 billion.

Torchmark (TMK +1.98%) reported Q4 net operating EPS of $1.00, right on consensus.

MARKET COMMENTS

Mar E-mini S&Ps (ESH15 +0.37%) this morning are up +8.75 points (+0.43%). The S&P 500 index on Monday closed higher: S&P 500 +1.30%, Dow Jones +1.14%, Nasdaq +0.97%. Bullish factors included (1) the +0.3% increase in U.S. Dec personal income, better than expectations of +0.2%, and (2) strength in energy producers after crude oil climbed to a 2-week high. Bearish factors included (1) the -0.3% decline in U.S. Dec personal spending, a bigger decline than expectations of -0.2% and the largest drop in 5-1/4 years, (2) concern the U.S. economy may be slowing after the U.S. Jan ISM manufacturing PMI fell -1.6 to 53.5, more than expectations of -1.0 to 54.5 and the slowest pace of expansion in a year.

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Disclosure: None.

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