TUESDAY 2/3/15; RBA Cuts Rates; German 10-Year Bund Yield Drops Under Japan 10-Year Yield; Greece Debt Deal Optimism; AN; ETN; HCA; R; UPS; Factory Orders; Oil Prices Rocket Higher; US Stocks Rally; DIS; CMG; GILD; TTWO; WYNN

Asian indexes begin trading with Japan and Korea lower and China and Australia higher. At 8:15 PM EST (Monday evening in the states), US futures are lower. S&P -4. Dow -31. Nasdaq -7. Euro 1.1350. Dollar/yen 117.27. Pound 1.5039. Aussie dollar 0.7822. WTIC oil 49.99. Brent oil 55.06. Natty 2.71. Gold 1275. Silver 17.23. Copper 2.52.

US Treasury yields are; 2-year 0.46%, 5-year 1.18%, 10-year 1.67%, 30-year 2.25%.

The RBA cuts rates for 














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 the chicken and burrito’s are going cold at Chipotle. CMG drops -6% after beating on EPS 3.84 versus 3.77 but missing on the top line revenue at $1.07 billion versus $1.08 billion expected. Restaurant sales growth is lagging forecasts. Chipotle will have to start reducing the amount of meat in the taco’s to meet EPS going forward.

DIS trades up +2% on its earnings release. The Mouse House beats handily on the top and bottom lines. Walt Disney gains almost two dollars which will add over 16 points to the Dow Industrials Index tomorrow if the price action follows through.

Gilead reports a big beat on earnings and pharma sales. Hep C drug sales are running slightly better than forecast. Gilead announces a first-ever dividend and also a $15 billion buyback program. Surprisingly, GILD is up only +0.7%. The magical buyback should be pumping price far higher. FISV gains +0.7% after releasing earnings. IACI jumps +2.3% after reporting earnings. TTWO is another earnings winner gaining +5.5%.

VTSS is an earnings loser down -0.8%. WYNN loses -4.2% after missing on top and bottom lines. Retailer M drops -0.5% after increasing guidance and announcing the purchase of cosmetic chain BlueMercury for $210 million. SJM bounces +2% on news of buying the privately-held Big Heart Pet Brands for $3.2 billion.

The bulls go home happy and DIS and GILD will create market lift in the morning. WTIC oil 52.29. Brent oil 57.42. Natty 2.761. Gold 1262. Silver 17.31. Copper 2.578. 10-year yield 1.79%.