Superstock Investor
Member Login   RSS ->
James DiGeorgia, Mr. Macro
- Chief Editor -
Mr. Macro
Geoff Garbacz, Mr. Micro
- Chief Strategist -
Mr. Micro
Dan Hassey, Mr. Retirement
- Senior Stock Analyst -
Mr. Retirement
Superstock Investor


[Printable Version of This Page]

Market Matters:

Futures Swing To The Red
by Geoff Garbacz & Staff Writers

October 20, 2014

In After Hours Trading

Four IPOs on deck today this week including Virobay and Viking Therapeutics. Secondaries on deck of note TTPH.

In After Hours Trading (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]):none of note.

IPO Financial provides our capital raise data.

What's Happening This Morning

US futures: S&P 500 -5.50, Dow Jones -88 and NDX -1.20 with fair values lower lessening the losses of futures. Asia higher and Europe lower. Copper lower with silver and gold higher. WTI Crude higher and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield +1. Prices as of 7:55 a.m.

Earnings Expected

Earnings due after the close (by market cap descending): AAPL, TXN, ILMN, CMG, CE, PKG, ZION, STLD, CDNS, BRO, EWBC, ELS, HXL.

Due Tuesday morning (by market cap descending): VZ, KO, UTX, MCD, LMT, KMB, CP, ITW, TRV, RAI, ARMH, OMC, HOG, RF, PNR, WAT, AOS, SBNY, CSL, LPT, MAN, GPK, ATI, EAT, SNV.

Rags & Mags: Inside Wall Street

USA Today: Interview with Microsoft (MSFT) CEO Nadella. Whole Foods (WFM) starts national ads for the first time. Another wild week ahead for Wall Streeet?

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): VRX+.12, HAL+.09, SAP+.02, PHG+.02, HAS+.01, VFC-.01, IBM-.64.

Data Points

Yesterday saw 2049 stocks rise and 1061 fall on the NYSE. NASDAQ saw 1356 rise and 1377 fall.

The SP 500 is under its 50 day exponential moving average and is below the 200 day exponential moving average. The Russell 2000 remains below its 50 day moving exponential average and its 200 day exponential moving average as well.

The 10 day spread moving average of breadth is now in cash. The Madison Market Timing Indicator is now invested.

YTD 3446 (-171) stocks are higher for the year and 3435 (+167) are lower. Updated 10/13/14 Close. Prior Update 10/1/14 close.

Economics

Chinese retail sales, industrial production and GDP are due out at 9:00 p.m. EDT.

Politico

Conference & Analyst Meetings

Analyst and investor meetings RAX.

Conference of Note

Solar Power International & The Lodging Conference

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan    
Goldman Sachs AMTD ALGN CCG
Morgan Stanley    
Deutsche Bank    
Citigroup CNX AHGP NEM AMBA CLF
Merrill Lynch    
Wachovia/Wells Fargo    
Credit Suisse    
Banc of America    
UBS    
Key Banc    
Needham    
Jefferies    
Stifel HPT  
BTIG    
Raymond James    
Piper Jaffray    
ING    
Buckingham    
Friedman Billings    
Robert W. Baird    
Roth Capital    
Sun Trust RH PPG  
Credit Agricole    
RBC    
Longbow    
Cantor Fitzgerald    
CIBC    
Dresnder    
Key Banc    
HSBC Securities    
Cowen  
William Blair    
BNP Paribas    
Nomura    
Kaufman  
Brean Murray    
JMP Securities    
Wedbush    
Argus    
CLSA    
BB&T    
ING    
Roth    
Janney Montgomery  
Susquehanna    
Think Equity    
Merriman    
Cantor Fitzgerlad    
BMO Capital  
Benchmark    
Jesup & Lamont    
Macquarie    
Canaccord Adams    
Evercore    
MKM    
Bernstein    
CLSN    
Guggenheim    
Auriga    
Stephens    
BTIG    
Global Hunter    

 

Market Matters Archives

FREE SERVICES

Morning Briefing

Get the information you need to make profitable decisions first thing in the morning. Access to the information is FREE, not knowing it could cost you a bundle!

SUBSCRIBER SERVICES

Superstock Investor Newsletter

Published once a month. Get the big picture, what happened last month and predictions for the month ahead.

Investors Edge

Take advantage of the knowledge provided by people who live to monitor the Stock Market. People like:

  • Phil Erlanger
  • Tom McClellian
  • Mohan
  • Geoff Garbacz
  • Steve Weintz

Get access to information from publications like:

  • The Kiplinger Letter
  • The Agile Trader
  • McClellan Market Report
  • Gold and Energy Options Trader
  • Mohan's Market Force

***

Not a Subscriber?

[Superstock Investor Newsletter]

Superstock Investor's goal is to provide subscribers a steady stream of original stock ideas with an emphasis on takeover candidates. These are companies that have flown onto our radar screens as potential takeover targets, or special situations with some catalyst promising to send their shares soaring. Continue..