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 Rebounding This Morning
by Geoff Garbacz & Staff Writers

May 30, 2018

In After Hours Trading

IPOs on deck of note . Secondaries of note .

In After Hours Trading: SURPRISES CVCO +.78 CRM +.06 SPTN +.02. MISSES .

Lower Guidance: .

Mixed Guidance: CRM.

Positive Guidance: .

What's Happening This Morning

U.S. futures: S&P +13, Dow Jones +145, NDX +26 and Russell 2000 +6. Asia and Europe lower.

Gold higher with Copper and silver lower. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury price 119.31, change since last update +0.02, so yields lower. Prices as of 7:45 a.m. EDT.

Top Sectors Utilities.

Weak Sectors All others.

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 Expected

Earnings due after the close (by avg. trade volume): PVH KEYS UHAL SMTC BOX GES.

Earnings due tomorrow morning: DG DLTR BURL DCI CIEN AEO PDCO TECD JILL.

Rags & Mags: Inside Wall Street

Demand for European bonds rise day after turmoil. (Bloomberg)

Trump Administration to move forward against China on new tariffs. (Bloomberg)

European banks at risk with trouble in Italy. (WSJ)

Political risks dwarf rise in dollar as oil continues to climb. (WSJ)

How does Starbucks (SBUX) tackle racism in four hours? (NYT)

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): SURPRISES MOV +.26 DKS +.15 BMO +.08 KORS +.03. MISSES .

Missing: ADI SHLD CHS.

Lower Guidance: .

Current Morning missing: .

Mixed Guidance: .

Positive Guidance: .

Data Points

Yesterday saw 1215 stocks rise and 1704 fall on the NYSE. NASDAQ saw 1118 rise and 1836 fall.

The SP 500 is above its 50 day exponential moving average and above its 200 day exponential moving average. The Russell 2000 is 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.


Mortgage Applications continue to fall dropping -2.9%.

ADP Payroll rose 178,000, just reported.

Q1 GDP (revised) is released at 8:30 a.m. EDT and expected to remain at 2.30%.

The OECD releases its semiannual economic outlook.


May Federal Reserve Beige Book is due out at 2:00 p.m. EDT.

The Bank of Canada (BOC) announces its latest interest rate decision and rates are expected to remain at 1.25%.

G-7 Finance Ministers meet in Canada over the next four days.

The Federal Reserve holds an open board meeting to discuss potential changes to the Volcker Rule.

Conference & Analyst Meetings

Meetings, Conference Calls or Announcements of note, TRMB CMS DMPI. Deutsche Bank Financial Services Investor Conference, KeyBanc Capital Markets Industrials & Basic Materials Conference. Cowen Telecom, Media and Technology Conference.

Conference of Note

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan    
Goldman Sachs    
Morgan Stanley    
Deutsche Bank    
Citigroup CC Merrill Lynchp    
Merrill Lynch    
Wachovia/Wells Fargo    
Credit Suisse   ABBV
Banc of America    
William Blair    
Raymond James    
Friedman Billings    
B. Riley    
Robert W. Baird    
Sun Trust RH SMAR  
Sandler O'Neil    
Keefe Bruyette    
Cantor Fitzgerald    
HSBC Securities    
William Blair    
BNP Paribas    
B. Riley P  
Brean Murray    
JMP Securities    
Janney Montgomery  
Think Equity    
Cantor Fitzgerlad    
BMO Capital  
Jesup & Lamont    
Canaccord Adams    
Global Hunter    


Market Matters Archives


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!


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..