FT Vest U.S. Equity Buffer & Premium Income ETF - December (BATS: XIDE)

FT Vest U.S. Equity Buffer & Premium Income ETF - December (BATS:XIDE), Quote.Headers.trade-ideas

Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange Options (FLEX Options) that reference the price performance of the Underlying ETF and short-term (one year or less) U.S. Treasury securities. The Fund uses FLEX Options to employ a target outcome strategy. Target outcome strategies seek to produce pre-determined investment outcomes based upon the performance of an underlying security or index. The pre-determined outcomes sought by the Fund include a buffer against the first 10 percent of Underlying ETF losses and a consistent level of income (from a combination of any interest on the U.S. Treasury securities and premiums on the FLEX Options) that, when annualized, is approximately 7.56 percent (before fees and expenses) over an approximate one-year period (the Target Outcome Period) Investors that hold shares for the entire Target Outcome Period will not participate in any positive price returns of the Underlying ETF above the Underlying ETF price on the first day of the Target Outcome Period, however, investors will be subject to losses of the Underlying ETF below the buffer level. The Fund's performance will not reflect the payment of dividends by the Underlying ETF. When the Fund's fees and expenses are taken into account, the approximate annualized level of income is 6.69 percent. The income level will be further reduced by any brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Fund's management fee.

Dreyfus Government Cash Management

FT Cboe Vest US Equity Buffer & Premium Income ETF - December

News

Guidance

Contracts

Management

Global

XIDE

Exide Technologies Files Voluntary Chapter 11 Petition

Movers & Shakers

Intraday Update

Markets

OXBT

USAP

Stocks Hitting 52-Week Lows

SBLK

SLTM

FT Vest U.S. Equity Buffer & Premium Income ETF - December

S&P Downgrades Exide Technologies to 'D' on Chapter 11 Plan

Exide Tech Gets Interim Court Approval of $500 Million, Gets Authorization to Continue Employee Wages, Benefits

Bloomberg Reporting Exide Wins Initial Approval for Loan to Operate in Bankruptcy

Exide Technologies Reports Prelim. Q4 Sales $762M, Adj. EBITDA $12M, Reports Prelim. FY13 Sales $3B; Sees Dip Financing Draw Decline to $275M by March 2014

Exide Technologies, (NASDAQ: <a class="ticker" href="/stock/xide#NASDAQ">XIDE</a>), a global leader in stored electrical solutions, announced today that it has filed a voluntary petition for reorganization pursuant to U.S. federal restructuring laws in order to facilitate the financial and operational restructuring necessary to strengthen its balance sheet and its business to position the Company for future success. The petition was filed in the District of Delaware. 
Only Exide Technologies' United States' operations, including the GNB Industrial Division, are included in the filing. Exide Technologies' international operations are excluded from the filing. The Company plans to continue to operate globally without interruption during the reorganization.
James R. Bolch, President and Chief Executive Officer of Exide said, "Operations both in the U.S. and in the rest of the world will continue to serve customers in a timely manner with the same quality products, and outstanding customer care as they did before the filing. All post-filing obligations
 <a href="http://www.benzinga.com/pressreleases/13/06/n3659987/exide-technologies-files-voluntary-chapter-11-petition-to-restructure-u">See full press release</a>

Exide Technologies (NASDAQ: <a class="ticker" href="/stock/xide#NASDAQ">XIDE</a>) shares touched a new 52-week low of $0.226. Exide Technologies' trailing-twelve-month ROE is -39.80%.

Oxygen Biotherapeutics (NASDAQ: <a class="ticker" href="/stock/oxbt#NASDAQ">OXBT</a>) shares reached a new 52-week low of $3.51. Oxygen Biotherapeutics shares have dropped 88.17% over the past 52 weeks, while the S&amp;P 500 index has gained 23.39% in the same period.

Universal Stainless &amp; Alloy Products (NASDAQ: <a class="ticker" href="/stock/usap#NASDAQ">USAP</a>) shares fell 2.36% to touch a new 52-week low of $30.15. Universal Stainless's PEG ratio is 11.92.

Tata Communications (NYSE: <a class="ticker" href="/stock/tcl#NYSE">TCL</a>) shares reached a new 52-week low of $6.56. Tata Communications has a dividend yield of 0.90%.

Movers

Polypore Falling, May be Attributed to Negative Debt Wire Report on Exide

Rumors

Debtwire Reporting Exide in Talks with Bankers for Dip Loan

Star Bulk Carriers (NASDAQ: <a class="ticker" href="/stock/sblk#NASDAQ">SBLK</a>) shares touched a new 52-week low of $5.68 after the company filed 14 million share rights offering.

Dex Media (NASDAQ: DXM) shares dropped 2.27% to reach a new 52-week low of $10.75.

Exide Technologies (NASDAQ: <a class="ticker" href="/stock/xide#NASDAQ">XIDE</a>) shares tumbled 10.71% to touch a new 52-week low of $0.71. Exide Technologies' trailing-twelve-month ROE is -39.80%.

Solta Medical (NASDAQ: <a class="ticker" href="/stock/sltm#NASDAQ">SLTM</a>) shares fell 6.42% to reach a new 52-week low of $1.75. Solta Medical reported downbeat Q1 results.

In a report published Friday, Wedbush analyst Craig Irwin downgraded the rating on Exide Technologies (NASDAQ: <a class="ticker" href="/stock/xide#NASDAQ">XIDE</a>) from Outperform to Neutral, and lowered the price target from $6.00 to $2.00.

In the report, Irwin noted, “We are downgrading shares of Exide to NEUTRAL from OUTPERFORM on elevated uncertainty after the recent Vernon, CA facility closure, raising issues around a potential impact on the balance sheet and near-term profitability. What has changed is Exide was posting improving margins on operating initiatives, but the Vernon closure puts a damper on the timing for a recovery. The knock-on effect of Exide's becoming an incremental buyer of lead and recycling services providing positive lead price pressure, is possibly derailing the margin improvement, and elevating balance sheet risks.”

Exide Technologies closed on Thursday at $1.02.

Analyst Color

Downgrades

Analyst Ratings

UPDATE: Wedbush Downgrades Exide Technologies to Neutral on Uncertainty Following Vernon Closure

Wedbush downgrades Exide Technologies (NASDAQ: <a class="ticker" href="/stock/xide#NASDAQ">XIDE</a>) from Outperform to Neutral and lowers the price target from $6.00 to $2.00.

Wedbush Downgrades Exide Technologies to Neutral, Lowers PT to $2.00

Micronet Enertec Technologies (NASDAQ: MICT) shares lost 8.64% to create a new 52-week low of $4.02. Micronet Enertec Technologies' trailing-twelve-month ROA is 2.25%.

Exide Technologies (NASDAQ: <a class="ticker" href="/stock/xide#NASDAQ">XIDE</a>) shares touched a new 52-week low of $1.023 after the company suspended operations at its Vernon secondary lead recycling facility.

LipoScience (NASDAQ: <a class="ticker" href="/stock/lpdx#NASDAQ">LPDX</a>) shares dropped 3.73% to create a new 52-week low of $8.00. LipoScience's trailing-twelve-month profit margin is 2.28%.

Professional Diversity Network LLC (NASDAQ: <a class="ticker" href="/stock/ipdn#NASDAQ">IPDN</a>) shares declined 0.89% to create a new 52-week low of $4.46. Professional Diversity Network had $1.12 million in total cash for the latest quarter.

IPDN

LPDX

Exide Technologies
(Nasdaq: <a class="ticker" href="/stock/xide#Nasdaq">XIDE</a>) is suspending operations at its Vernon secondary lead recycling
facility in compliance with an Order dated April 24, 2013 from the California
Department of Toxic Substances Control (DTSC). The DTSC alleges that the
Company's underground stormwater system is not in compliance with State of
California requirements and alleges the Company's furnace emissions are not
meeting applicable DTSC health risk standards.

The Company will comply with the Order from the DTSC and is suspending
operations in Vernon while evaluating its legal and regulatory remedies. At
this time the Company does not know how long the suspension of operations at
the Vernon facility will last. The Vernon facility provides a significant
portion of the Company's domestic lead requirements.

Exide currently operates two other active secondary lead recycling facilities
in the U.S. which continue to supply lead for the Company's domestic
manufacturing facilities. Exide is evaluating its ability to purchase lead on
the open market as well as seeking to negotiate agreements with third-party
lead recyclers to provide some or all of the internal lead requirements that
would have been provided from the Vernon facility.

Exide Shares Sink as Co. Suspends Vernon, CA Plant, Looking for Replacement Supply of Lead

Stocks closed Friday's trading session only moderately lower and well off of session lows after a series of disappointing economic reports. 

For the most part, investors shrugged off surprising nonfarm payrolls data and losses for the major averages were contained. In other news, the USD/JPY continued to rise sharply in the wake of the announcement of a massive bond buying program by the Bank of Japan earlier in the week. 

The S&amp;P 500 finished the week down around 1 percent, but is still up around 9 percent on the year. 

Major Averages

The Dow Jones Industrial Average lost around 41 points, or 0.28 percent, to 14,565. 

The S&amp;P 500 shed almost 7 points, or 0.43 percent, to close at 1,553. 

The Nasdaq Composite fell 21 points, or 0.65 percent, to 3,204. 

Nonfarm Payrolls

Nonfarm payrolls plunged for the month of March, triggering investor unease on Wall Street. The economy added just 88,000 jobs in March compared to 268,000 new jobs in February. This was way below economists' consensus expectations of 192,000 jobs added in the month. 

Private nonfarm payrolls figures were also disappointing. The private sector added only 95,000 jobs in March compared to 254,000 in February and estimates of 210,000. 

Unemployment Rate

Despite the disappointing nonfarm payroll figures, the unemployment rate fell from 7.7 percent in February to 7.6 percent for the month of March. This was ahead of consensus estimates calling for no change at 7.7 percent. 

Hourly Earnings

Hourly earnings data was also below expectations. For the month of March, hourly earnings were unchanged compared to expectations of a rise of 0.2 percent. In February, hourly earnings rose 0.1 percent. 

Consumer Credit

Consumer credit rose sharply in February, although the numbers may be subject to significant revisions as consumer credit is notoriously volatile. Credit increased by $18.1 billion in February compared to a downwardly revised $12.7 billion in January. This compared to consensus estimates of an increase in consumer credit of $14.0 billion in February. 

Commodities

Energy prices fell on Friday to close out the trading week. NYMEX crude futures were down 0.40 percent to $92.90 in late afternoon trade. Brent futures had lost almost 2 percent and were last at $104.23. Natural gas rose sharply on the day, however, and was last up 4.64 percent to $4.12. 

As stocks fell on Friday, precious metals prices rose. At last check, COMEX gold futures had climbed 1.62 percent to $1,579.40. Silver was up 1.77 percent to $27.24. Copper futures were trading down 0.25 percent near the close of equity trading. 

Bonds

Bond prices soared on Friday as investor risk appetite was slashed amid disappointing economic data. Near the close of equity trading, the iShares Barclays 20+ Year Treasury Bond ETF (NYSE: <a class="ticker" href="/stock/tlt#NYSE">TLT</a>) was up around 2 percent to $122.77. The sharp rise in prices sent yields lower. 

Although the 2-Year Note yield held steady at 0.23 percent, the 5-Year Note yield fell two basis points to 0.68 percent. The 10-Year Note yield fell six basis points to 1.70 percent and the 30-Year Bond yield plunged a full twelve basis points to 2.87 percent. 

Currencies

The U.S. dollar was slightly lower on Friday. Near the close of trading, the PowerShares DB US Dollar Index Bullish ETF (NYSE: <a class="ticker" href="/stock/uup#NYSE">UUP</a>), which tracks the performance of the greenback versus a basket of foreign currencies, was down 0.18 percent to $22.45. 

The closely watched EUR/USD pair was last trading up around 0.63 percent to $1.3012. Investors also continued to abandon the Japanese yen in light of a major quantitative easing program announced by the Bank of Japan. The USD/JPY climbed 1.40 percent on the session. The GBP/USD was last up 0.69 percent and the AUD/USD fell 0.50 percent on risk aversion. 

Volatility and Volume

The VIX was flat on the day despite a lower equity market. The widely watched barometer of market fear closed the session at 13.89. 

As stocks fell, volume picked up on Friday. Around 136 million SPDR S&amp;P 500 ETF (NYSE: <a class="ticker" href="/stock/spy#NYSE">SPY</a>) shares traded hands compared to a 3-month daily average of 123.5 million. 

Stock Movers

Shares of NII Holdings (NASDAQ: <a class="ticker" href="/stock/nii#NASDAQ">NII</a>), which have been very active in recent days, surged around 20 percent near the close of equity trading on Friday after announcing that it had sold its Peruvian business to Chilean phone company Entel for $400 million. The stock jumped around 25 percent on Wednesday when market rumors about the deal first surfaced. 

Yelp (NASDAQ: <a class="ticker" href="/stock/yelp#NASDAQ">YELP</a>) surged better than 8 percent on Friday in what appeared to be a technical breakout. There was no news to account for the move in the stock. 

Shares of Ultra Petroleum (NYSE: <a class="ticker" href="/stock/upl#NYSE">UPL</a>) climbed more than 7 percent on Friday. The stock has recently been seeing some insider buying and analysts at Brean Murray upgraded UPL to Buy earlier in the week. 

F5 Networks (NASDAQ: <a class="ticker" href="/stock/ffiv#NASDAQ">FFIV</a>) plunged 19 percent after the company cut its fiscal second-quarter guidance. 

Allied Nevada Gold (NYSE: <a class="ticker" href="/stock/anv#NYSE">ANV</a>) added to steep losses in 2013 on Friday, with the stock falling more than 9 percent. Shares have been falling on an almost daily basis in recent months. 

Exide Technologies (NASDAQ: <a class="ticker" href="/stock/xide#NASDAQ">XIDE</a>) jumped around 17 percent after the company said that it has retained an adviser to review its financing options. 

Shares of Pandora Media (NYSE: <a class="ticker" href="/stock/p#NYSE">P</a>) fell almost 8 percent on Friday as investors worried that Apple's (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) iRadio could hurt the company.

Bonds

Broad U.S. Equity ETFs

Futures

Commodities

Currency ETFs

Forex

Events

Econ #s

Economics

ETFs

AAPL

FFIV

Nuveen North Carolina Dividend Advantage Municipal Funds 3

iShares Trust Barclays 20+ Year Treasury Bond Fund

PowerShares DB US Dollar Index Bullish Fund

YELP

Market Wrap for Friday, April 5: Stocks Record Moderate Losses on Disappointing Jobs Data 

Exide Technologies (NASDAQ: <a class="ticker" href="/stock/xide#NASDAQ">XIDE</a>) shares rose 31.39% to $1.80 after the company announced its plans to stick with Lazard as its financial advisor.

BioCryst Pharmaceuticals (NASDAQ: <a class="ticker" href="/stock/bcrx#NASDAQ">BCRX</a>) shares rose 18.94% to $1.57. BioCryst Pharmaceuticals' trailing-twelve-month revenue is $26.29 million.

NII Holdings (NASDAQ: <a class="ticker" href="/stock/nihd#NASDAQ">NIHD</a>) shares climbed 13.44% to $5.15 after the company agreed to sell its Peruvian operations for approximately $400 million.

 ORIX Corporation (NYSE: <a class="ticker" href="/stock/ix#NYSE">IX</a>) shares climbed 10.84% to $72.71. ORIX shares have jumped 1,317.46% over the past 52 weeks, while the S&amp;P 500 index has gained 12.86% in the same period.

BCRX

NIHD

Morning Market Movers

Some of the stocks that may grab investor focus today are:

Best Buy (NYSE: <a class="ticker" href="/stock/bby#NYSE">BBY</a>) announced its plans to feature Samsung mini-boutiques in its stores. Best Buy shares shot up 16.07% to close at $25.13 yesterday.

Hewlett-Packard Co (NYSE: <a class="ticker" href="/stock/hpq#NYSE">HPQ</a>) Chairman Ray Lane stepped down from his position. Ralph Whitworth, H-P's board member, replaced Lane as interim Chairman. Hewlett-Packard shares rose 1.78 % to close at $22.30 yesterday.

Liquidity Services (NASDAQ: <a class="ticker" href="/stock/lqdt#NASDAQ">LQDT</a>) reported a rise of 18% in its March sales. Liquidity Services shares surged 11.59% to close at $32.73 yesterday.

Wall Street expects Penford (NASDAQ: <a class="ticker" href="/stock/penx#NASDAQ">PENX</a>) to report its second-quarter earnings at $0.14 per share. Penford shares gained 0.48% to close at $10.44 yesterday.

Exide Technologies (NASDAQ: <a class="ticker" href="/stock/xide#NASDAQ">XIDE</a>) announced its plans to stick with Lazard as its financial advisor. Exide Technologies shares dropped 47.51% to close at $1.37 yesterday.

Earnings

Pre-Market Outlook

Trading Ideas

LQDT

PENX

Stocks To Watch For April 5, 2013

After-Hours Center

Exide Rises 22% After Announcing Hiring of Lazard, Raising Guidance

Exide Resumes Trading

Financing

PREVIEW: Exide to Resume Trading at 6:30PM ET

Exide Technologies (NASDAQ: <a class="ticker" href="/stock/xide#NASDAQ">XIDE</a>) announced today that the financial advisory firm of Lazard has been retained to advise the company on financing alternatives to maximize the value of the company for all stakeholders. The company does not anticipate making any further announcements regarding its review until the process is complete. In addition, the company expects that fiscal 2013 fourth quarter free cash flow will be approximately $50 million, exceeding prior guidance of $30 million, with total liquidity (cash and availability under credit lines) at March 31, 2013 of greater than $230 million. These amounts&nbsp;are all subject to final audit and, therefore, could be subject to change. &nbsp;
	About Exide Technologies
	Exide Technologies, with operations in more than 80 countries, is one of the world's largest producers and recyclers of lead-acid batteries. The Company's four global business groups -- Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World -- provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.
	Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine
 <a href="http://www.benzinga.com/pressreleases/13/04/g3473126/exide-technologies-retains-financial-advisor">See full press release</a>

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FT Vest U.S. Equity Buffer & Premium Income ETF - December

Overview

FT Vest U.S. Equity Buffer & Premium Income ETF - December (BATS:XIDE), Quote.Headers.trade-ideas