In After Hours Trading
IPOs on deck of note Allakos (ALLK), Constellation Pharmaceuticals (CNST), Establishment Labs (ESTA), First Western Financial (MYFW)and Tilray (TLRY). Secondaries of note ACIU CARA CARB EOLS PLYM RDFN SPWH .
In After Hours Trading: SURPRISES URI +.32 AA +.20 IBM +.04 AXP +.03 EBAY +.02 KMI +.02. MISSES none of note UMPQ -.04 PLXS -.03 CNS -.02. FLAT: .
Lower Guidance: .
Mixed Guidance: .
Positive Guidance: MLNX.
What's Happening This MorningU.S. futures: S&P -8.00, Dow Jones -68, NDX -25 and Russell 2000 -5.20 with fair values flat. 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 higher vs. Yen. US 10 year Treasury price 119.94 with yields higher since yesterday. Prices as of 7:55 a.m. EDT.
Top Sectors Financials and Industrial Goods.
Weak Sectors Utilities and Consumer Goods.
One month winners Utilities, Healthcare and Consumer Goods.
Three Month Winners Utilities Conglomerates, Services and Technology.
Six Month Winners Services, Technology and Conglomerates.
One Year Winners All except for Utilities.
Year To Date Conglomerates, Services and Technology.
Earnings ExpectedEarnings due after the close (by avg. trade volume): MSFT ISRG COF CTAS SWKS ETFC CE SEIC.
Earnings due tomorrow morning: GE HON SLB BHGE STT.
Rags & Mags: Inside Wall StreetYuan drops to new lows today as dollar continues higher. (Bloomberg)
President Trump struggles to explain meeting with Putin.(Bloomberg)
EU fine of Google (GOOGL) shakes up mobile industry. (WSJ)
Trump may move ahead with auto tariffs. (WSJ)
LIBOR to go away in 2012. (NYT)
Reported Earnings This MorningReported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): SURPRISES ADS +.37 FITB +.23 SNA +.19 PM +.18 BX +.16 DOV +.09 DHR +.06 TSM +.04 UNP +.03. MISSES TRV -.58 SAP -.40 POOL -.08.
Lower Guidance: .
Current Morning missing: .
Mixed Guidance: GWW.
Positive Guidance: .
Yesterday saw 1646 stocks rise and 1219 fall on the NYSE. NASDAQ saw 1716 rise and 1246 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.
EconomicsJune Leading Indicators are due out at 10:00 a.m. EDT and are expected to improve to 0.4% from 0.2%.
Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, .
Conference of NoteFarnborough International Airshow
M & A NewsComcast (CMCSA) drops bid for Fox (FOXA) assets. Walt Disney (DIS) wins contest for Fox.
Wendy's (WEN) and Papa John's (PZZA) held merger talks.
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..