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 Down But Off Overnight Lows
by Geoff Garbacz & Staff Writers

July 11, 2018

In After Hours Trading

IPOs on deck of note none. Secondaries of note ARES ARQL CUZ HMNY IOTS NSA SAR SRE.

In After Hours Trading: SURPRISES AIR +.03 WDFC +.10. MISSES none of note.

Lower Guidance: .

Mixed Guidance: WDFC.

Positive Guidance: .

What's Happening This Morning

U.S. futures: S&P -19.25, Dow Jones -215, NDX -61.75 and Russell 2000 -10.30 with fair values modestly lower. Asia and Europe lower.

Gold, silver and copper 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 120.27 with yields lower since yesterday. Prices as of 7:40 a.m. EDT.

Top Sectors Utilities, Basic Materials and Consumer Services.

Weak Sectors Financials and Conglomerates.

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): OZRK MDXG.

Earnings due tomorrow morning: DAL CBSH.

Rags & Mags: Inside Wall Street

2018 has been a big M&A year. (Bloomberg)

NATO allies are put on the defensive. (Bloomberg)

Trump's Trade War Grows From 18 to 10,000 products. (NYT)

Tesla (TSLA) seeks to build 500,000 cars a year in China. (NYT)

Supreme Court Nominee could be a plus for business. (NYT)

President Trump Pushes More Defense Spending by NATO Allies (WSJ)

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): SURPRISES FAST +.08. MISSES ANGO -.01.

Missing: .

Lower Guidance: MSM.

Current Morning missing: .

Mixed Guidance: .

Positive Guidance: .

Data Points

Yesterday saw 1487 stocks rise and 1413 fall on the NYSE. NASDAQ saw 1176 rise and 1795 fall.

The SP 500 is back above its 50 day exponential moving average and is 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 is invested again this morning. The Madison Market Timing Indicator is still invested.

YTD 54% of stocks are higher and 54% are lower. Updated 7/6/18 close.

Economics

June PPI is due out at 8:30 a.m. EDT and is expected to drop to 0.2% from 0.5%.

The latest short interest from the NYSE and NASDAQ is due out after the close for data through June 29th.

European Central Bank President Mario Draghi speaks at the Ninth Annual ECB Statistics Conference.

Israeli Prime Minister Benjamin Netanyahu meets with Russian President Vladimir Putin in Moscow.

Politico

President Trump concludes the NATO Summit then moves onto England on Thursday.

The Bank of Canada is expected raise interest rates when it issues the latest monetary report.

Federal Reserve San Francisco President John Williams to speak at 4:30 p.m. EDT.

Conference & Analyst Meetings

Meetings, Conference Calls or Announcements of note, COST GIS ZUMZ NUVA. CIBC 9th Annual Unlock the Rock: Stampede Energy Conference. Oppenheimer & Co Boston Oncology Insights Summit.

Conference of Note

SEMICON WEST - Beyond Smart 2018.

M & A News

Fox raises bid for Sky to $32.5 billion.

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan   USM WERN TDS 
Goldman Sachs    
Morgan Stanley   JAZZ 
Deutsche Bank    
Citigroup CC Merrill Lynchp    
Merrill Lynch    
Wachovia/Wells Fargo    
Credit Suisse    
Banc of America    
UBS    
Stifel CONN   
William Blair    
Jefferies    
RBC    
Needham SCYX   
Raymond James    
Stifel    
Friedman Billings    
Bernstein    
Nomura    
Robert W. Baird    
Cowen    
Sun Trust RH    
MKM    
Sandler O'Neil    
Keefe Bruyette    
Cantor Fitzgerald    
CIBC    
Dresnder    
Nomura    
HSBC Securities    
Cowen  
William Blair    
BNP Paribas    
B. Riley    
Kaufman  
Brean Murray    
JMP Securities    
Wedbush    
Argus    
CLSA    
BB&T    
ING    
Roth    
Janney Montgomery  
Susquehanna    
Think Equity    
Merriman    
Cantor Fitzgerlad    
BMO Capital  
Benchmark    
Jesup & Lamont    
Macquarie    
Canaccord Adams    
Evercore    
MKM    
Bernstein    
CLSN    
Guggenheim    
Auriga    
Stephens    
BTIG    
Global Hunter    

 

Market Matters Archives

FREE SERVICES

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!

SUBSCRIBER SERVICES

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..