In After Hours Trading
IPOs on deck Principia Biopharma (PRNB) and Qutoutiano (QTT). Secondaries of note COLD DOCU DOOO FOMX FVCB IRIX NNBR PGTI.
Filings after close .
data courtesy of IPO Financial
In After Hours Trading: SURPRISES ADBE +.04. FLAT: MISSED: .
Lower Guidance: .
Mixed Guidance: ADBE.
Positive Guidance: .
What's Happening This MorningU.S. futures: S&P +5.25, Dow Jones +47, NDX +29.50 and Russell 2000 +1.80 with fair values higher reducing gains. Asia and Europe higher.
Gold higher with cooper and silver lower. 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 119.23 with yields higher since Wednesday. Prices as of 7:05 a.m. EDT.
Top Sectors Conglomerates, Materials, Consumer Goods, Industrials and Healthcare.
Weak Sectors Financials and Technology.
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: FDX.
Rags & Mags: Inside Wall StreetHurricane Florence makes landfall in the Carolinas and moves to a Category 1 but still very dangerous. (CNBC)
Senate Elizabeth Warren sees more Lehman type dangers ahead. (CNBC)
Paul Manafort is near a plea deal. (NYT)
AIG has yet to emerge from its lost decade. (NYT)
Goldman Sachs (GS) shakeup reflects move away from trading. (WSJ)
Reported Earnings This MorningReported This Morning: SURPRISES. FLAT: MISSED: .
Lower Guidance: .
Current Morning missing: .
Mixed Guidance: .
Positive Guidance: .
Yesterday saw 1621 stocks rise and 1272 fall on the NYSE. NASDAQ saw 1575 rise and 1449 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 moved to cash this week. The Madison Market Timing Indicator is still invested.
YTD 55% of stocks are higher and 45% are lower. Updated 9/7/18 close.
EconomicsAugust Retail Sales is due out at 8:30 a.m. EDT and is expected to fall to 0.4% from 0.5%.
August Industrial Production is due out at 9:15 a.m. EDT and is expected to rise to 0.4% from 0.1%.
September University of Michigan Sentiment is due out at 10:00 a.m. EDT and is expected to rise to 97 from 96.20.
PoliticoFederal Reserve Chicago President Charles Evans speaks at 9:00 a.m. EDT.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, AGN SCAC KPTI.
Bank America Healthcare Conference.
Morgan Stanley Healthcare Conference.
Conference of NoteNewport International Boat Show.
M & A News
Key Upgrades and Downgrades
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