Futures Flat 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 BOOT +.08 PETQ +.04. MISSES none.
Lower Guidance: .
Mixed Guidance: BOOT.
Positive Guidance: SE.
What's Happening This MorningU.S. futures: S&P -1.5, Dow Jones -17, NDX -0.50 and Russell 2000 0.30. Asia lower and Europe higher.
Copper,silver and gold lower. WTI Crude and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury price 118.64, one day change -0.39, so yields higher. Prices as of 7:45 a.m. EDT.
Top Sectors None of note.
Weak Sectors Healthcare and Technology.
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): CSCO NTES TTWO FLO ENS JACK ACXM ATEN.
Earnings due tomorrow morning: WMT MANH PLCE DDS JCP KEM TK PERY TNK.
Rags & Mags: Inside Wall StreetIEA Cuts Oil Forecast (Bloomberg)
Italy is starting to make investors nervous (Bloomberg)
North Korea threatens to cancel summit. (Articles That Matter, Bloomberg)
Dollar strength begins to worry markets. (Bloomberg)
No sign of peace on opening of U.S. Embassay in Jerusalem. (NY Times)
CIA Pick to be confirmed today (NY Times)
White House eliminates Cybersecurity Coordinator. (NY Times)
Facebook (FB) says it deleted 865 million posts due to spam. (NY Times)
Novartis (NVS) General Counsel to retire over hiring of Michael Cohen. (NY Times)
Credit card boom may have peaked. (WSJ)
Global oil supply at lowest level in three years. (WSJ)
Companies ramp up capital spending and investors worried. (WSJ)
U.N. top nuclear inspector resigns. (EGN)
China's ZTE paid $2.3 billion to U.S. exporters last year. (EGN)
Tesla (TSLA) former head of Model 3 production takes a break. EGN)
EGN = Early Global News
WSJ = Wall Street Journal
NYT = New York Times
Reported Earnings This MorningReported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): SURPRISES M +.13 CSIQ +.30. MISSES SE -.14.
Lower Guidance: CSIQ.
Current Morning missing: .
Mixed Guidance: .
Positive Guidance: SE.
Yesterday saw 1065 stocks rise and 1830 fall on the NYSE. NASDAQ saw 1359 rise and 1488 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 Housing Starts are released at 8:30 a.m. EDT and expected to rise to 132,500 from 131,900.
April Industrial Production is released and expected to rise to 0.6% from 0.5%.
PoliticoU.S. China Trade Talks continue all week long.
Federal Reserve Minneapolis President Raphael Bostic speak at 8:30 a.m. EDT and then St. Louis President Bullard speaks at 6:30 p.m. EDT.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, OHI WYN HON FLIR ODP SBUX. 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
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!
Superstock Investor Newsletter
Published once a month. Get the big picture, what happened last month and predictions for the month ahead.
Take advantage of the knowledge provided by people who live to monitor the Stock Market. People like:
Get access to information from publications like:
Not a Subscriber?
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..