Morning Call For February 9, 2015

TECO Energy (TE -3.26%) reported Q4 EPS of 19 cents, less than consensus of 21 cents.

Loews (L +0.02%) reported Q4 EPS of 59 cents, better than consensus of 53 cents.

Masco (MAS +1.80%) reported Q4 EPS pf 24 cents, more than consensus of 20 cents.

Hasbro (HAS -0.69%) reported Q4 EPS of $1.22, highe than consensus of $1.20.

Diamond Offshore Drilling (DO -0.68%) reported Q4 EPS of 73 cents, better than consensus of 66 cents.

Barron's reports that Hillenbrand (HI +2.81%) , which generates lots of free cash and is modestly valued, could see its shares rise 20% over the next year.

Dominion (D -3.79%) reported Q4 EPS of 84 cents, better than consensus of 83 cents.

MARKET COMMENTS

Mar E-mini S&Ps (ESH15 -0.54%) this morning are down -12.25 points (-0.60%). The S&P 500 index on Friday rallied up to a 1-1/4 month high but gave up its gains and closed lower: S&P 500 -0.34%, Dow Jones -0.34%, Nasdaq -0.65%. Bullish factors included (1) the +257,000 increase in U.S. Jan non-farm payrolls, more than expectations of +230,000, along with the upward revision in Dec payrolls to +329,000 from the originally reported +252,000, and (2) the +0.5% m/m increase in U.S. Jan avg hourly earnings, more than expectations of +0.3% m/m and the largest monthly increase in 6 years. Stocks fell back and closed lower on long liquidation after Philadelphia Fed President Plosser said that stronger U.S. economic data has him "at the cusp" of thinking the time to raise interest rates is now.

Mar 10-year T-notes (ZNH15 +0.17%) this morning are up +7.5 ticks. Mar 10-year T-note futures prices on Friday slid to a 1-month low and closed lower. Closes: TYH5 -1-4.5/32, FVH5 -27.25. Bearish factors included (1) the larger-than-expected increase in U.S. Jan non-farm payrolls and Jan hourly earnings, which increases the likelihood the Fed raises interest rates as soon as Jun, and (2) hawkish comments from Philadelphia Fed President Plosser who said "we're fast approaching" the point where it's hard to justify not raising rates.

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Disclosure: None.

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