Futures Lower This Morning
In After Hours Trading
IPOs on deck of note . Secondaries of note . Check back at 9:00 a.m.
In After Hours Trading: SURPRISES A +.01. MISSES TDW -0.21 VIPS -0.04 SWCH -0.03.
Lower Guidance: A.
Mixed Guidance: .
Positive Guidance: .
What's Happening This MorningU.S. futures: S&P -7.5, Dow Jones -89, NDX -29.50 and Russell 2000 -3.5. Asia lower and Europe higher.
Copper,silver and gold lower. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury price 119.03, one day change -0.31, 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): BOOT PETQ.
Earnings due tomorrow morning: M CSIQ.
Rags & Mags: Inside Wall Street
Reported Earnings This MorningReported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): SURPRISES HD +.03 . MISSES EYE -.03 EXP -.32.
Lower Guidance: .
Current Morning missing: .
Mixed Guidance: VRTU.
Positive Guidance: .
Yesterday saw 1359 stocks rise and 1544 fall on the NYSE. NASDAQ saw 1307 rise and 1564 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 last week. 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 Retail Sales are due out at 8:30 a.m. EDT and are expected to fall to 0.3% from 0.5%.
The U.S. Treasury will sell $13 billion of 30 year bonds and $28 billion of three year notes
PoliticoU.S. China Trade Talks continue all week long.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, STM HSKA KEX. MoffetNathanson AnnualMedia Conference. JP Morgan Homebuilding & Building Products Conference. Piper Jaffray Financials Conference. JP Morgan Telecom Media and Technology Conference. Needham Emerging Technology Conference. Bank of America Healthcare Conference.
Conference of Note
M & A News
Key Upgrades and Downgrades
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