Futures Up For A Fourth Day In A Row
In After Hours Trading
IPOs on deck of note . Secondaries of note .
In After Hours Trading: SURPRISES LAYN +.25 YY +.18 GWRE +.06 AMBA +.04 NCS +.04 OLLI +.04. MISSES .
Lower Guidance: AMBA.
Mixed Guidance: OLLI.
Positive Guidance: NCS.
What's Happening This Morning
U.S. futures: S&P +3.25, Dow Jones +29, NDX +14.75 and Russell 2000 -1.40 with fair value higher so the overall gain is a bit less. Asia higher and Europe mixed.
Gold lower with Copper higher and silver lower. WTI Crude and Brent Oil Futures mixed. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury price 119.44, change since last update -0.25, so yields higher. Prices as of 7:45 a.m. EDT.
Top Sectors Technology, Services and Industrial Goods.
Weak Sectors Financials and 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): THO UNFI CLDR AMSC.
Earnings due tomorrow morning: SJM MTN GOOS HOV.
Rags & Mags: Inside Wall StreetEuropean Central Bank (ECB) to discuss ending the bank's quantitative easing program at next week's meeting. (Bloomberg)
Italian bonds started selling off again. (Bloomberg)
Few hedge funds in oil space left to profit on rise. (WSJ)
Farmers getting hit by tariffs in other markets besides China(WSJ)
Many Greeks remain skeptical as it exits financial bailouts. (NYT)
Mexico hits U.S. with tariffs. (NYT)
How Kate Spade grew into a $2.4 billion brand. (NYT)
Reported Earnings This MorningReported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): SURPRISES SIG +.20 VRA +.06 SCWX +.01. MISSES .
Lower Guidance: .
Current Morning missing: .
Mixed Guidance: SIG VRA.
Positive Guidance: .
Yesterday saw 1735 stocks rise and 1184 fall on the NYSE. NASDAQ saw 1889 rise and 1054 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.
EconomicsWeekly Crude Oil Inventories are due out at 10:30 a.m. EDT.
PoliticoThe big news for the week will be the G-7 Meeting at the end of the week.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, A BAH COST LB. Roth Capital Partners Annual LD Micro Invitational takes place. Baird Annual Global Consumer, Technology & Services Conference. Credit Suisse Global Energy Conference. Jefferies Global Healthcare Conference. Bank of America Merrill Lynch Global Technology Conference.
Conference of NoteAmerican Society of Clinical Oncology (ASCO) meets this week in Chicago. NAREIT REITWeek Investor Forum.
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..