In After Hours Trading
IPOs on deck . Secondaries of note CHTR PRAH SYNH TPVG.
In After Hours Trading: SURPRISES MAR +.37 THC +.26 ANSS +.24 MTW +.16 WTW +.13 TWLO +>09 HTZ +.06 ZG +.03. FLAT: MISSED: BHF -.72 BKD -.68 CA -.14 ETSY -.02.
Lower Guidance: ZG.
Mixed Guidance: WTW.
Positive Guidance: TWLO ETSY.
What's Happening This MorningU.S. futures: S&P +5.75, Dow Jones +83, NDX +19.25 and Russell 2000 +2.50 with fair values flat. Asia and Europe higher.
Gold, silver and copper higher. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury price 119.64 with yields higher since yesterday. Prices as of 7:55 a.m. EDT.
Top Sectors Conglomerates, Technology and Services.
Weak Sectors 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): DIS PXD CLR SNAP IFF PRI WEN.
Earnings due tomorrow morning: CVS SO MYL KORS JLL CRL WYND CHH NYT.
Rags & Mags: Inside Wall StreetChinese State Media warns that Apple (AAPL) may be pulled into trade war. (CNBC)
Trump is facing dinner with business leaders while on vacation. (CNBC)
In six weeks, tech weightings will change in the S&P 500 as Telecommunications ETF named XLC will own FB GOOGL as they are removed from XLK ETF as will DIS CMCSA NFLX removed from XLY. (CNBC)
Crisis in Turkey gets worse. (Bloomberg)
California wildfires continue to grow. (Bloomberg)
Tariffs will not pay down national debt. (NYT)
Alcoa (AA) requests relief from aluminum tariffs. (NYT)
Pepsi CEO Indra Nooyi to step down after 12 years in control. (NYT)
Facebook (FB) asks big banks to share customer data. (WSJ)
U.S. refiners are making big money as production soars. (WSJ)
Reported Earnings This MorningReported This Morning: SURPRISES ONCE +2.24 SAGE +1.45 RDUS +.5 ZBRA +.25 AFI +.17 LPX +.13 EMR +.02. MISSED: TDG -48 USCR -.23 OMI -.14 JELD -.12. FLAT:
Lower Guidance: OMI XRAY.
Current Morning missing: .
Mixed Guidance: .
Positive Guidance: .
Yesterday saw 1702 stocks rise and 1150 fall on the NYSE. NASDAQ saw 1821 rise and 1128 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 back above its 50 day moving exponential average 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 JOLTS Survey is due out at 10:00 a.m. EDT. The prior number was 6.68 million.
PoliticoRick Gates admitted he was involved in criminal activity with Paul Manafort.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, ORLY PSMT URG.
Jefferies Global Industrial Conference.
UBS Financial Services Conference.
Oppenheimer Technolgy Conference.
Needham MedTech 1X1 Conference.
Conference of Note
M & A News
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..