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 Modestly Lower
by Geoff Garbacz & Staff Writers

July 17, 2018

In After Hours Trading

IPOs on deck of note none but 11 for the week. Secondaries of note none today.

In After Hours Trading: SURPRISES NFLX +.06. MISSES none of note. FLAT: .

Lower Guidance: .

Mixed Guidance: .

Positive Guidance: .

What's Happening This Morning

U.S. futures: S&P -2.75, Dow Jones -30, NDX -3.50 and Russell 2000 +0.70 with fair values modestly positive. Asia up and Europe lower.

Gold higher with silver and copper lower. WTI Crude and Brent Oil Futures mixed to flat. Natural Gas is higher. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury price 120.19 with yields flat since yesterday. Prices as of 7:40 a.m. EDT.

Top Sectors Conglomerates and Financials.

Weak Sectors Basic Materials and Healthcare as well as Industrials.

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): CSX IBKR UAL FNF WTFC PNFP MLNX ADTN.

Earnings due tomorrow morning: NVS ABT ASML MS USB ERIC MTB NTRS GWW TXT PACW MTG WAFD.

Rags & Mags: Inside Wall Street

Support for President Trump and Prime Minister Theresa May both fall post meeting. (Bloomberg)

Amazon (AMZN) suffers outage during Prime Day. (Bloomberg)

Blackrock's (BLK) Larry Fink says that clients are not interested in buying Cryptocurrency. (Bloomberg)

Republicans are split on Trump's comments after meeting with Putin. (WSJ)

Goldman Sachs (GS) names David Solomon to succeed Lloyd Blankfein. (WSJ)

Consumers are struggling to pay off debt. (WSJ)

Europe seeks new trade partners besides the U.S. (NYT)

Deutsche Bank (DB) beats with latest earnings. (NYT)

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): SURPRISES CMA 0.22 GS 1.33 JNJ +.03 OMC +.06 PACW +05 UNH +.10. MISSES .

Missing: .

Lower Guidance: MSM.

Current Morning missing: .

Mixed Guidance: JNJ.

Positive Guidance: .

Data Points

Yesterday saw 968 stocks rise and 1925 fall on the NYSE. NASDAQ saw 1150 rise and 1783 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 in cash. 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 Industrial Production is due out at 9:15 a.m. EDT and is expected to rise to 0.5% from -0.1%.

Politico

Federal Reserve Chairman Jerome Powell begins two days of Humphrey Hawkins testimony as he starts with the Senate Banking Committee.

Conference & Analyst Meetings

Meetings, Conference Calls or Announcements of note, CYDY.

Conference of Note

Farnborough International Airshow

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan    
Goldman Sachs   MTW GNRC GT
Morgan Stanley    
Deutsche Bank    
Citigroup CC Merrill Lynchp    
Merrill Lynch    
Wachovia/Wells Fargo    
Credit Suisse    
Banc of America    
UBS    
Stifel NFLX  
William Blair    
Jefferies AUTL  
RBC    
Needham    
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..