Futures Lower In Front of Jobs Friday
In After Hours Trading
IPOs on deck Churchill Capital. Secondaries of note DRNA GRSHU LASR NVUS.
Filings after close .
data courtesy of IPO Financial
In After Hours Trading: SURPRISES DOMO +.20 AVGO +.16 PANW +.11 KFY +.07 FNSR +.06 FIVE +.04 ZUMZ +.03 . FLAT: MISSED: GME -.02.
Lower Guidance: .
Mixed Guidance: FNSR FIVE.
Positive Guidance: DOMO PANW .
What's Happening This MorningU.S. futures: S&P -3.50, Dow Jones -35, NDX -10.75 and Russell 2000 -2.70 with fair values lower reducing losses. Asia and Europe lower.
Gold and silver higher with copper lower. WTI Crude and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury price 120.14 with yields lower since yesterday. Prices as of 7:05 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): none of note.
Earnings due Monday morning: HOV.
Rags & Mags: Inside Wall StreetThe House of Representatives seeks to make tax cuts permament. (CNBC)
Japan may be Trump's next target on trade. (CNBC)
U.S. Business make last ditch push to avoid tariffs. (Bloomberg)
Twitter (TWTR) bars InfoWars head Alex Jones. (NYT)
Search for Trump Op-ed Writer Intensifies. (WSJ)
Chance of U.S. and China trade deal fades. (WSJ)
Reported Earnings This MorningReported This Morning: SURPRISES GCO . FLAT:
Lower Guidance: .
Current Morning missing: .
Mixed Guidance: GIII.
Positive Guidance: NAV.
Yesterday saw 1134 stocks rise and 1724 fall on the NYSE. NASDAQ saw 1045 rise and 1963 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 Nonfarm Payrolls is due out at 8:30 a.m. EDT and is expected to rise to 187,000 from 157,000. The unemployment rate is expected to stay at 3.9%.
PoliticoTurkish President Tayyip Erdogan to meet with Iranian President Hassan Rouhani and Russian President Vladimir Putin
Fall out from The New York Times Op-Ed will continue in the White House, expect the unexpected.
Federal Reserve Boston President Eric Rosengren speaks at 8:30 a.m. EDT and Cleveland Loretta Mester speaks at 9:00 a.m. EDT.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, TECH QSII MDLZ IFRX.
Credit Suisse Asian Technology 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
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