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
by Geoff Garbacz & Staff Writers

July 12, 2018

In After Hours Trading

IPOs on deck of note none. Secondaries of note ACRX ASMB NTRA SLS SPRO WHD.

In After Hours Trading: SURPRISES . MISSES none of note. FLAT: OZRK.

Lower Guidance: .

Mixed Guidance: .

Positive Guidance: .

What's Happening This Morning

U.S. futures: S&P +149.25, Dow Jones +185, NDX +36.50 and Russell 2000 +8.40 with fair values modestly lower. Asia and Europe lower.

Gold lower with silver and copper higher. WTI Crude and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury price 120.06 with yields higher since yesterday. Prices as of 7:40 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): .

Earnings due tomorrow morning:.

Rags & Mags: Inside Wall Street

U.S. and China may be ready to talk. (Bloomberg)

Traders think the Federal Reserve may be at the end of their hiking process. (Bloomberg)

Morgan Stanley sees the yield curve inverting by mid 2019. (Bloomberg)

Delta (DAL) beats expectations. (CNBC)

Twitter will remove ten of millions of suspicious accounts. (NYT)

Trade War to cost typical American family $60. (NYT)

NATO countries to up spending per Trump's request. (Breaking News)

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): SURPRISES CBSH +.12 DAL +.05. MISSES .

Missing: .

Lower Guidance: MSM.

Current Morning missing: .

Mixed Guidance: DAL.

Positive Guidance: .

Data Points

Yesterday saw 812 stocks rise and 2080 fall on the NYSE. NASDAQ saw 1025 rise and 1915 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 CPI is due out at 8:30 a.m. EDT and is expected to remain at 0.2%.

Weekly Jobless Claims due out at 8:30 a.m. EDT.

Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.

Politico

President Trump concludes the NATO Summit then moves onto England. Trump reaffirms U.S. backing of NATO.

Federal Reserve Minneapolis President Neel Kashkari speak at 8:00 p.m. EDT.

Conference & Analyst Meetings

Meetings, Conference Calls or Announcements of note, LB CATO BKE.

Conference of Note

SEMICON WEST - Beyond Smart 2018.

M & A News

Broadcom (AVGO) bids for Computer Associates (CA). Price is $44.50 and it closed at $37.21.

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan    
Goldman Sachs JNJ PRGO
Morgan Stanley PDS NBR SPN
Deutsche Bank    
Citigroup CC Merrill Lynchp    
Merrill Lynch   BKH
Wachovia/Wells Fargo    
Credit Suisse    
Banc of America    
UBS    
Stifel    
William Blair    
Jefferies    
RBC    
Needham    
Raymond James    
Stifel    
Friedman Billings    
Bernstein    
Nomura    
Robert W. Baird    
Cowen    
Sun Trust RH CEQP  
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..