Futures Up For A Fifth Day In A Row
In After Hours Trading
IPOs on deck of note . Secondaries of note .
In After Hours Trading: SURPRISES CMTL +.22 UNFI +.11 AMSC +.06 . MISSES THO -.07.
Lower Guidance: .
Mixed Guidance: CMTL UNFI AMSC.
Positive Guidance: .
What's Happening This Morning
U.S. futures: S&P +5.75, Dow Jones +66, NDX +19.50 and Russell 2000 -0.80 with fair value higher so the overall gain is a bit less. Asia mixed and Europe higher.
Gold, Copper and silver higher. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury price 119.22, change since last update -0.22, 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): AVGO COO PAY HOME SFIX.
Earnings due tomorrow morning: None of note.
Rags & Mags: Inside Wall StreetEuropean leaders set to beat up President Trump at the G-7. (Bloomberg)
Emerging Markets struggle as Brazil's trucking strike has hurt the country. Bloomberg)
China wants U.S. to meet half way on trade. (Bloomberg)
Chinese company ZTE settles issues with the Commerce Department (WSJ)
Airlines to raise ticket prices as fuel costs rise. (WSJ)
Hedge funds increase bets on shorting Italian bonds. (NYT)
Amazon (AMZN) wins rights to broadcast the premier league. (NYT)
Reported Earnings This MorningReported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): SURPRISES CONN +.12 MTN +.07. MISSES SJM -.25.
Lower Guidance: .
Current Morning missing: .
Mixed Guidance: SJM.
Positive Guidance: .
Yesterday saw 1816 stocks rise and 1177 fall on the NYSE. NASDAQ saw 1855 rise and 1039 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 Jobless Claims due out at 8:30 a.m. EDT.
Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.
PoliticoThe big news for the week will be the G-7 Meeting that sees guests arrive today.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, LBY RGA PNFP TRUP GTLS AIG MPWR HTHIY. Baird Annual Global Consumer, Technology & Services Conference. Jefferies Global Healthcare 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..