Superstock Investor
Morning Briefing

Friday, May 13, 2022

Market Matters:

S&P 500 Up +48 points

Overnight Summary: The S&P 500 closed Thursday at 3930.08 down -0.13% from 3935.18  on Wednesday.  Futures have traded higher overnight. The overnight high of 3976.75 was hit at 5:30 a.m. EDT. The low was hit at 3905 at 6:00 p.m. EDT, a range of 71 points high to low which is above the typical range of late with 45 the average. At 7:25 a.m. EDT the current price is 3969.50 which is 1.08% and 42.25 points.

Earnings Out After The Close:

Capital Raises:

Capital Raise Summary From The TradeXchange, bringing traders and investors real time news and Squawk Box, and other sources.

News After The Close:

What’s Happening This MorningFutures value reflects the change with fair value.

S&P 500 +53Dow Jones +292NASDAQ +238, and Russell 2000 +21.  Europe  and Asian lower.  VIX Futures are at 32.58 from 31.59 Wednesday morning and the VIX closed at 32.56 from 33.92 on Friday. Gold lower, Silver higher and Copper lower. WTI Crude Oil and Brent Oil Futures higher with Natural Gas higher. $ is lower vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury sees yields at 2.908% from 2.835%  yesterday. Bitcoin is at $30,405 from $28,426 Thursday morning and is higher by 6.67% this morning. As of 8:06 a.m. EDT.

Sector Action – 05/12/22 Close:  

Sixth consecutive loss for the Dow Jones after dropping 0.33%.  Nasdaq did end up in the green, but only slightly with a 0.06% gain.  Russell 2000 was up 1.24%.  Updated 05/12/22 close.

 

Upcoming Earnings Of Note: (sorted by market cap, highest to lowest with most visible names)

Earnings of Note This Morning:

Guidance:

Erlanger Research Advance/Decline Chart: Updated through 05/12/22 close.

Gap Ups & Down In Early Pre-Market:

Insider ActionFLR, TRNO, AHCO, RAPT, UNVR, PH, VST sees Insider buying with dumb short selling.  No stock sees Insider buying with smart short sellers. 05/12/22 close.

Rags & Mags: Repeated stories from prior days never listed, i.e. “rehashed news”. Sorted by Global, U.S. and stock specific.

Moving Average Update:

Geopolitical: 

Economic: 

Federal Reserve Speakers:

M&A Activity:

Meeting & Conferences of Note:

Top Tier Sell-side Upgrades & Downgrades:

The recommendations listed below in this “Upgrade/Downgrade” section are compiled from what we believe are Tier I, II and III firms. Recommendations posted are taken from a variety of sources each day and we only post upgrades or significant initiations as well as downgrades to underweight or sell. The purpose of this posting it to make the reader aware of market moving recommendations. None of these recommendations should be interpreted as actual recommendations from CAPIS or its employees.

Today’s Upgrades and Downgrades:

Previous Day’s Upgrades and Downgrades:

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Today's Superstock Investor Stock Scorecard:

Cummins Inc. (CMI)
by Superstock Investor


 

The price of Cummins (CMI) is at $199.44. Is there value on this bottom fisher name?

Company Information

Company: Cummins Inc.
Sector: Capital Goods
Industry: Construction_Farm Machinery
Market Cap:  $36,710,000,000

Targets

  Price %Gain  
Current Price $220.99    
Price Target $218.01 -0.1%  
Upper Bound $272.51 0.2%  
Lower Bound $163.51 -0.3%  

Stock data last updated 01/28/2022.

Data provided by QPI, Inc. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. QPI, Inc. is not liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing this page, you agree not to redistribute the information found herein.

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