Futures Higher This Morning
In After Hours Trading
IPOs on deck of note AXA Equitable Holding (EQH). Secondaries of note AGS IART NBR.
In After Hours Trading: SURPRISES PBYI +.34 PTLA +.28 DNB +. 17 GDOT +.11 ROKU +.09 BREW +.06. MISSES MBI -.76 MELI -.73 IAC -.09 OTEX -.08 FOXA -.04 ETE -.01.
Lower Guidance: .
Mixed Guidance: .
Positive Guidance: .
What's Happening This MorningU.S. futures: S&P +5, Dow Jones +21, NDX +14.50 and Russell 2000 +0.5. Asia higher and Europe mixed.
Copper,silver and gold higher. WTI Crude and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury price 119.34, one day change +0.06, so yields higher. Prices as of 7:45 a.m. EDT.
Top Sectors All except for Utilities.
Weak Sectors Utilities.
One month winners Basic Materials, Utilities, Services and Healthcare.
Three Month Winners Utilities.
Six Month Winners Services, Basic Materials, Technology and Conglomerates.
One Year Winners All except for Conglomerates.
Year To Date Basic Materials, Services and Technology.
Earnings ExpectedEarnings due after the close (by avg. trade volume): NVDA SYMC NKTR DOX NWSA FLS AL YELP.
Earnings due tomorrow morning: TRI.
Rags & Mags: Inside Wall StreetBloomberg sees CPI due to rise to 2.5%. Fed not concerned inflation overshoots. (Bloomberg)
Overnight BT Group PLC (British Telecom) laid off 13,000 job cuts. (Bloomberg)
Iran to cozy up to China. (Bloomberg)
VIX begins to look normal again. (Bloomberg)
Reported Earnings This MorningReported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): SURPRISES PEGI +1.17 BAM +.56 AMCX +0.45 ENB +.18 DUK +.14 CRL +.12 CHH +.07 . MISSES SPH -.42 LHO -.38 IMOS -.19 KELYA -.10.
Lower Guidance: .
Current Morning missing: .
Mixed Guidance: CHH TGI.
Positive Guidance: .
Yesterday saw 1818 stocks rise and 1066 fall on the NYSE. NASDAQ saw 1765 rise and 1105 fall.
The SP 500 is back above its 50 day exponential moving average and above its 200 day exponential moving average. The Russell 2000 is now back above its 50 day moving exponential average and is above 200 day exponential moving average.
The 10 day spread moving average of breadth moved to invested yesterday. The Madison Market Timing Indicator is still invested.
YTD 45.66% of stocks are higher and 53.80% are lower. Updated 4/27/18 close.
EconomicsApril CPI is released at 8:30 a.m. EDT and expected to fall to 0.20% from 0.30%.
The latest short interest from the NYSE and NASDAQ was released after the close of trading. The Data saw no change through April 30th settlement.
PoliticoThe Bank of England (BOE) announced its latest interest rate decision and left rates unchanged.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, . Jefferies Global Technology Conference. UBS Utilities and Natural Gas Conference.
Conference of NoteRed Hat (RHT) Annual Summit. Watch for news on Red Hat and players with Red Hat.
M & A News
Key Upgrades and Downgrades
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