Futures Lower This Morning
In After Hours Trading
IPOs on deck of note Pluralsight (PS). Secondaries of note AAXN ATKR AYR VURO . Check back at 9:00 a.m.
In After Hours Trading: SURPRISES ORIG +.18 TTWO +.14 ACXM +.06 CSCO +.01. MISSES NTES -0.64 JACK -.06 FLO -.01.
Lower Guidance: ACXM.
Mixed Guidance: .
Positive Guidance: SE.
What's Happening This Morning
U.S. futures: S&P -3.25, Dow Jones -10, NDX -20.75 and Russell 2000 -1.00. Asia mixed and Europe higher.
Copper and silver higher and gold lower. WTI Crude and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury price 118.52, one day change -0.12, so yields higher. Prices as of 7:45 a.m. EDT.
Top Sectors Services, Consumer Goods, Healthcare and Basic Materials.
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): AMAT JWN.
Earnings due tomorrow morning: AZN DE CPB AINV.
Rags & Mags: Inside Wall StreetChina trades talks continue today and Peter Navarro is back in. (Bloomberg)
Brent Crude Oil hit $80 in London today. (Bloomberg)
Emerging Markets in a tougher spot that in 2008. (Bloomberg)
FBI Chief concerned with Chinese companies like ZTE. (EGN)
Vermont to allow prescription drugs to be imported from Canada. (EGN)
Reported Earnings This MorningReported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): SURPRISES DDS +.12 JCP +.02 WMT +.02. MISSES SE -.14.
Lower Guidance: JCP.
Current Morning missing: .
Mixed Guidance: .
Positive Guidance: BZUN.
Yesterday saw 1893 stocks rise and 990 fall on the NYSE. NASDAQ saw 1858 rise and 972 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 Leading Indicators are reported at 10:00 a.m. EDT and expected to rise to 0.4% from 0.30%.
Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.
PoliticoThursday sees Federal Reserve Minneapolis President Neel Kashkari speak at 10:45 a.m. EDT. Friday sees Federal Reserve Cleveland President Loretta Mester speak at 3:00 a.m. EDT.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, Volvo, IMGN, WMB, CHKP, LCA, BCGP, NMRK, SXI, ZEN and CUE. 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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