Futures Mixed On The Back Of The New York Times Op-Ed
In After Hours Trading
IPOs on deck none of note. Secondaries of note FHB KALV ZLAB.
Filings after close .
data courtesy of IPO Financial
In After Hours Trading: SURPRISES AVAV +.28 VRNT +.14 CTRP +.09 CLDR +.07 GWRE +.05 OLLI +.04 DOCU +.02 . FLAT: MISSED: .
Lower Guidance: .
Mixed Guidance: VRNT CLDR MDB ZS.
Positive Guidance: DOCU.
What's Happening This MorningU.S. futures: S&P +1, Dow Jones +26, NDX +2.25 and Russell 2000 +0.70 with fair values lower reducing losses. Asia and Europe up slightly.
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 119.92 with yields higher since last week. Prices as of 8:05 a.m. EDT.
Top Sectors Utilities and Industrials.
Weak Sectors Conglomerates, Technology and Materials.
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): BRCM PANW MRVL DCI FIVE KFY FNSR GME ZUMZ.
Earnings due Friday morning: GCO.
Rags & Mags: Inside Wall StreetCBS Board negotiating the exit of Les Moonves. (CNBC)
Vice President Mike Pence denies he wrote the Op-Ed. (Bloomberg)
Bitcoin falls off a cliff. (Bloomberg)
President Trump lashes back. (NY Times)
Reported Earnings This MorningReported This Morning: SURPRISES NAV +.78 GIII +.19 MBUU +.17 SECO +.09. MISSED: BKS -.13 LE -.12 JW.A -.07. FLAT:
Lower Guidance: .
Current Morning missing: .
Mixed Guidance: GIII.
Positive Guidance: NAV.
Yesterday saw 1257 stocks rise and 1617 fall on the NYSE. NASDAQ saw 1122 rise and 1837 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 55% of stocks are higher and 45% are lower. Updated 8/31/18 close.
EconomicsAugust ADP Payroll is due out at 8:15 a.m. EDT and are expected to drop to 186,000 from 219,000.
Weekly Jobless Claims are due out at 8:30 a.m. EDT.
July Factory Orders is due out at 10:0 a.m. EDT and is expected to fall to -0.6% from 0.7%.
August ISM Services is due out at 10:0 a.m. EDT and is expected to rise to 56.5 from 55.7.
Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.
The public comment period end on $200 billion in Chinese tariffs and President Trump is expected to move ahead with tariffs.
PoliticoFederal Reserve New York President John Williams to speak at 10:00 a.m. EDT.
Fall out from The New York Times Op-Ed will continue in the White House, expect the unexpected.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, RH AL NTGR MUX ZAGG.
Barclays CEO Energy Power Conference.
Rodmen & Renshaw and H.C. Wainwright Annual Global Conference.
Credit Suisse Asian Technology Conference.
Robert W. Baird Healthcare Conference.
Wells Fargo Securities Healthcare Conference.
Citi Global Technology Conference.
Dougherty Institutional Conference
Conference of Note28th Meeting of the Diabetic Neuropathy Study Group of the European Association for the Study of Diabetes (EASD).
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..