In After Hours Trading
IPOs on deck none of note. Secondaries of note KHC KREF MEDP MXWL PGNX RSLS SABR STAA TRTX WCG ZGNX.
In After Hours Trading: SURPRISES SFLY +0.77 FOSL +.71 JAZZ+0.28 AAOI +0.20. FLAT: MISSED: .
Lower Guidance: .
Mixed Guidance: .
Positive Guidance: .
What's Happening This MorningU.S. futures: S&P +1.25, Dow Jones +22, NDX +2.75 and Russell 2000 -0.80 with fair values lower. Asia and Europe mixed.
Gold, silver and copper mixed. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury price 119.44 with yields higher since yesterday. Prices as of 7:55 a.m. EDT.
Top Sectors Industrials, Technology and Materials.
Weak Sectors Utilities.
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): FOXA BKNG OXY EQIX NTES MNST ETP CTL ETE MELI IAC.
Earnings due tomorrow morning: BAM CCE LNG PRGO VIAB MMS CABO ARRY PLCE GOOS MDP DDS.
Rags & Mags: Inside Wall StreetTesla (TSLA)Board looks at going private. (CNBC)
China announces 25% tariffs on $16 billion worth of goods. (WSJ)
Ohio special election too close to call. A negative for Trump. (NYT)
China trade surplus was $28.05 billion. (Bloomberg)
Reported Earnings This MorningReported This Morning: SURPRISES KDP +1.01 KORS +0.37 GOGO +0.35 LITE +0.30 SBGI +0.23 CRL +0.16 SO +0.11 CVS +0.08 WWW +.08 TRI +.06 DLPH +.05 NYT +.05. MISSED: . FLAT:
Lower Guidance: SBGI .
Current Morning missing: .
Mixed Guidance: .
Positive Guidance: CRL SUP.
Yesterday saw 1527 stocks rise and 1336 fall on the NYSE. NASDAQ saw 1660 rise and 11287 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.
EconomicsMBA Mortgage Applications fell -3.0% versus -2.6% last week.
Weekly Crude Oil Inventories due out at 10:30 a.m. EDT with last week rising +3.8 million barrels.
PoliticoFederal Reserve Richmond President Thomas Barkin speaks at 8:45 a.m. EDT.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, COST FRPT CMPR .
Jefferies Global Industrial Conference.
Oppenheimer Technolgy Conference.
Canaccord Genuity Annual Growth Conference.
Conference of Note
M & A News
Key Upgrades and Downgrades
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