In After Hours Trading
IPOs on deck of note none today. Secondaries of note .
In After Hours Trading: SURPRISES RNR +.2.29 WRB +.57 USNA +.25 CSL +.25 HA +.13 TER +.10 CB +.06 TSS +.04. MISSES UMBF -.02. FLAT: .
Lower Guidance: .
Mixed Guidance: .
Positive Guidance: CR.
What's Happening This MorningU.S. futures: S&P -4.50, Dow Jones -85, NDX -3.50 and Russell 2000 -1.30 with fair values flat. Asia and Europe lower.
Gold,silver and copper higher. WTI Crude and Brent Oil Futures mixed. Natural Gas is flat. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury price 119.58 with yields lower since yesterday. Prices as of 7:55 a.m. EDT.
Top Sectors Basic Materials and Industrial Goods.
Weak Sectors Services and Conglomerates.
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): FB V PYPL GILD QCOM SU MDLZ LVS VRTX F XLNX MHK AMD EFX.
Earnings due tomorrow morning: BMY COP CELG AGN RTN CME PX VLO MMC BAX APD.
Rags & Mags: Inside Wall Street
Reported Earnings This MorningReported This Morning: SURPRISES GD +.34 DTE +.23 NSC +.17 SC +.17 PII +.16 R +.12 ROK +.12 TMO +.12 NOC +.09 BABY +.09 BA +.08 FCX +.08. MISSES DAN -.04 SIX -.05 TZOO -.05 WSO -.07 USG -.11 FCAU -.22 OC -.28. FLAT:
Lower Guidance: GM.
Current Morning missing: .
Mixed Guidance: .
Positive Guidance: GD PII IR GLW.
Yesterday saw 1331 stocks rise and 1559 fall on the NYSE. NASDAQ saw 967 rise and 2009 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 moves below -200 for second day and now we move to a sell. The Madison Market Timing Indicator is still invested.
YTD 55% of stocks are higher and 45% are lower. Updated 7/20/18 close.
EconomicsJune New Home Sales are due out at 10:00 a.m. EDT and are expected to fall to 670,000 from 689,000.
Weekly Crude Oil Inventories are due out at 10:30 a.m. EDT.
$36 Billion in 5 Year Notes to be auctioned at 1:00 p.m. EDT.
PoliticoPresident Trump meets with European Commissioner Jean-Claude Juncker and European Union Trade Chief Cecilia Malmstrom on tariff issues.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, BIIB INST MDT.
Conference of NoteAlzheimer Association International Conference.
International AIDS Society Conference on HIV Science.
M & A News
Key Upgrades and Downgrades
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