Futures Lower But Tesla Beats
In After Hours Trading
IPOs on deck BioNano Genomics (BNGO) Cushman & Wakefield (CWK) Forum Merger II (FMCIU) Sonos (SONO). Secondaries of note ADMP BCRX DFRG MC TXMD.
In After Hours Trading: SURPRISES ALL +.40 X +.34 KLIC +.23 QRVO +.20 CF +.16 MET +.13 APA +.11. MISSES WYNN -.44 RRD -.13 PRU -.06 VVVV -.03. FLAT: .
Lower Guidance: .
Mixed Guidance: .
Positive Guidance: TSLA.
What's Happening This MorningU.S. futures: S&P -15.25, Dow Jones -154, NDX -54.25 and Russell 2000 -8 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 119.34 with yields lower since yesterday. Prices as of 7:55 a.m. EDT.
Top Sectors Consumer Goods and Healthcare.
Weak Sectors Industrial Goods and Basic Materials.
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): EOG ATVI AIG ED CBS CERN ANET CA BMRN RMD TTWO.
Earnings due tomorrow morning: TM KHC ENB LYB NBL AEE CNP CBOE PNW BPL ITT TDS GRPN.
Rags & Mags: Inside Wall StreetMarkets set to fall on latest trader threats. (CNBC)
Elon Musk of Tesla (TSLA) apologizes and stock rips. (CNBC)
Apple (AAPL) close to hitting a trillion dollar market cap. (CNBC)
Bank of England (BOE) raises interest rates (Bloomberg)
Starbucks (SBUX) partners with Alibaba (BABA) in China. (NYT)
Federal Reserve says economy is strong. (WSJ)
Reported Earnings This MorningReported This Morning: SURPRISES CI +0.59 AET +.39 PH +.31 TEVA +.14 CDW +.10 K +.09 YUM +.08 CLX +.07 GPN +.07. MISSED: AMAG -1.68 BLUE -.45 PCRX -.25 YRCW -.11 DUK -.08 AMCX -.07. FLAT:
Lower Guidance: .
Current Morning missing: .
Mixed Guidance: .
Positive Guidance: .
Yesterday saw 1076 stocks rise and 1813 fall on the NYSE. NASDAQ saw 1434 rise and 1535 fall.
The SP 500 is above its 50 day exponential moving average and is above its 200 day exponential moving average. The Russell 2000 is now below its 50 day moving exponential average (166.13) and is above 200 day exponential moving average.
The 10 day spread moving average of breadth is now 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 Factory Orders are due out at 10:00 a.m. EDT and are expected to rise to 0.6% from 0.4%.
Weekly Jobless Claims are due out at 8:30 a.m. EDT.
Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.
PoliticoThe Federal Reserve Open Market Committee (FOMC) concluded a two day meeting with no rate change. The next rate change will be at the September meeting.
The Bank of England (BOE) meets and is expected raise interest rates for the second time.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, ETP ETE RXN.
Keefe, Bruyette & Woods Community Bank Conference.
Credit Suisse Annual LatAM Conference.
Conference of NoteIntelligent Automation Week 2018
M & A NewsCisco (CSCO) buys private company Duo Security for $2.5 billion in cash and stock.
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..