Superstock Investor
Morning Briefing

Wednesday, November 09, 2022

Morning Matters:

Market Crash Indicators Updated

For years we published our Market Crash Indicators Model. It is back. Currently, we are 100% invested in stocks and 0% in cash. The model going forward will be a combination of stocks, bonds or cash.

We are 100% invested.

The model rose 0.55% since our last update on 10/28 close while the S&P 500 also rose 0.55%.

The S&P 500 has risen 6.56% and we have lost -3.27% from since we restarted the indicator.


Market Matters:

No Red Wave. House Looks To Turn To GOP But Not Called Yet. Senate Too Close To Call. Stocks Modestly Lower.

Overnight Summary: The S&P 500 closed Tuesday at 3828.11 (higher by 0.56%) from Monday at 3806.80 (higher by 0.96%).  The overnight high of 3848.75 was hit at 8:45 p.m. EDT. The low was hit at 3812 at 5:20 a.m. EDT, a range of 37 points high to low which is below the recent range of 45.  At 7:15 a.m. EDT, the S&P 500 was lower by -8 points at 3827.50 which is -0.21%.

Breaking News: Meta (META) to layoff 11,000 workers. (CNBC)

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 -5, Dow Jones -82,  NASDAQ -9, and Russell 2000 -4. (as of 8:11 a.m. EDT)Europe lower and Asia lower as well.  VIX Futures are at 26.30 from 25.05 yesterday morning and the VIX closed at 25.38 from 24.35 yesterday. Gold, Silver and Copper lower. WTI Crude Oil and Brent Oil Futures are lower with Natural Gas lower as well. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10-year Treasury sees yields at 4.128% from 4.212%  yesterday. Bitcoin is at $17,775 from $19,740 Tuesday morning and is lower by -2.65% this morning.

Sector Action – (1/3/6/12/YTD Updated Weekly with Monday release):  

U.S. stock indexes finished ahead on Tuesday as investors awaited the outcome of midterm elections, which are expected to result in a divided government.  Stocks rallied in the morning before the S&P 500 and the Nasdaq Composite briefly fell into the red in afternoon trading. They rallied again before market close, though they pared their earlier gains. The S&P rose 21.31 points, or 0.6%, to 3,828.11. The Nasdaq Composite added 51.68 points, or 0.5%, to 10,616.20. (WSJ)

Click here for a video explanation of Erlanger Value Lines.

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

Earnings of Note This Morning:


Erlanger Research Advance/Decline Chart: 

Gap Ups & Down In Early Pre-Market:

Insider ActionNSA sees Insider buying with dumb short selling.  GTLB sees Insider buying with smart short sellers

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

Moving Average Update:



Federal Reserve / Treasury 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:


Today's Superstock Investor Stock Scorecard:

Sprouts Farmers Markets, Inc. (SFM)
by Geoff Garbacz


Sprouts Farmers Market is in rally mode. It is up 8% in after hours. The closing price yesterday was $28.67.

Company Information

Company: Sprouts Farmers Markets, Inc.
Sector: Food & Staples Retailing
Industry: Food Retail
Market Cap:  $2,490,000,000


  Price %Gain  
Current Price $26.51    
Price Target $19.43 -0.1%  
Upper Bound $24.29 0.1%  
Lower Bound $14.58 -0.4%  

Stock data last updated 07/11/2022.

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