Futures Modestly Higher
In After Hours Trading
IPOs on deck none of note. Secondaries none of note .
Filings after close SYY RLJ WMGI
In After Hours Trading: SURPRISES HEI +.04 PAHC +.04. FLAT: MISSED: .
Lower Guidance: .
Mixed Guidance: PAHC.
Positive Guidance: HEI.
What's Happening This MorningU.S. futures: S&P +3.25, Dow Jones +35, NDX +15.50 and Russell 2000 +1.30 with fair values lower improving futures. Japan lower and Europe mixed to lower.
Gold,silver and copper higher. WTI Crude and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury price 120.34 with yields slightly higher since last week. Prices as of 7:50 a.m. EDT.
Top Sectors on Monday Industrials, Materials, Technology and Financials.
Weak Sectors on Monday Utilities.
One month winners Healthcare,Consumer Goods, Services and Technology.
Three Month Winners Healthcare, Consumer Goods, Services and Technology.
Six Month Winners Conglomerates, Services and Technology.
One Year Winners All except for Utilities.
Year To Date Conglomerates, Healthcare and Services.
Earnings ExpectedEarnings due after the close (by avg. trade volume): HPE HRB LTRY BOX SCSC NCS SCVL OOMA LCI.
Earnings due Wednesday morning: BFB EV AEO DKS CHS XCRA MOV EXPR.
Rags & Mags: Inside Wall StreetU.S. tries to pressure Canada with auto tariffs. (CNBC)
Trump orders flags re-lowered for Senator John McCain. (CNBC)
Toyota (TM) to invest $500 million in Uber for driverless cars. Values Uber at $72 billion. (Bloomberg)
Trump tax cuts have not hit housing prices. (NYT)
Paul Manafort sought a deal in second trial but talks failed. (WSJ)
Reported Earnings This MorningReported This Morning: SURPRISES KLXI +.20 DSW +.16 TIF SFUN +.08 BBY +.08 BMO +.05 BJ +.01 BNS +.01. MISSED: . FLAT:
Lower Guidance: .
Current Morning missing: .
Mixed Guidance: DSW TIF BBY BJ.
Positive Guidance: .
Yesterday saw 1774 stocks rise and 1101 fall on the NYSE. NASDAQ saw 1777 rise and 1208 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 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 buy. The Madison Market Timing Indicator is still invested.
YTD 53% of stocks are higher and 47% are lower. Updated 8/24/18 close.
EconomicsS&P Case Schiller Home Price Index for June due out at 9:00 a.m. EDT with expectations of 6.4% from 6.5% in May.
August Consumer Confidence due out at 10:00 a.m. EDT and expected to fall to 126.5 from 127.4.
5 Year Note Auction at 1:00 p.m. EDT with $37 billion to be placed.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, HSY.
Jefferies Chicago Semiconductor, Hardware & Communications Infrastructre Summit and Conference.
Conference of Note
M & A News
Key Upgrades and Downgrades
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