Futures Lower As We Begin The Last Quarter Of The Year
In After Hours Trading
IPOs on deck 6 on deck for this week. Secondaries of note none of note.
Filings after close .
data courtesy of IPO Financial
In After Hours Trading: SURPRISES SFIX +.14. FLAT: MISSED: .
Lower Guidance: .
Mixed Guidance: SFIX.
Positive Guidance: .
What's Happening This MorningU.S. futures: S&P -6.25 Dow Jones -76, NDX -28.75 and Russell 2000 -2.40 with fair values lower helping to lessen the pain. Asia hand Europe lower.
Gold, silver and copper higher. WTI Crude and Brent Oil Futures mixed. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury price 118.81 with yields lower since Friday. Prices as of 8:00 a.m. EDT.
Top Sectors Materials, Industrials and Consumer Goods.
Weak Sectors 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): LNDC.
Earnings due tomorrow morning: AYI LEN RPM.
Rags & Mags: Inside Wall StreetTesla (TSLA) could be a $1 trillion in market cap by 2030 says Baron Fund's Ron Baron.(CNBC)
Pot Stock Mania not close to dying out. (Bloomberg)
Amazon (AMZN) raises minimum wage to $15 starting in November. (Bloomberg)
Kavanaugh Bar Fight makes it to front and center. (NYT)
Trumps hails revision to NAFTA and to focus on China. (NYT)
Corporations not passing tax cuts to the wages of employees. (WSJ)
Reported Earnings This MorningReported This Morning: SURPRISES PEP +.02. FLAT: MISSED: .
Lower Guidance: PEP.
Current Morning missing: .
Mixed Guidance: .
Positive Guidance: .
Yesterday saw 1184 stocks rise and 1780 fall on the NYSE. NASDAQ saw 1081 rise and 1971 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 below its 50 day moving exponential average but is above 200 day exponential moving average.
The 10 day spread moving average of breadth is in cash. The Madison Market Timing Indicator is still invested.
YTD 51% of stocks are higher and 49% are lower. Updated 9/28/18 close.
EconomicsAuto and Truck Sales are due out at 2:00 p.m. EDT.
PoliticoFederal Reserve Board of Governors Randall Quarles speaks at 10:00 a.m. EDT.
Federal Reserve Chairman Jerome Powell speaks at 12:00 p.m. EDT.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, GM F WDAY ELGX MSFT BLL JBLU.
Cantor Fitzgerald Healthcare Conference.
Deutsche Bank dbAccess Leveraged Finance Conference.
Ladenburg Thalman Healthcare Conference.
Leerink Partners Rare Disease & Oncology Roundtable.
Conference of NoteMicroCap Conference.
M & A News
Key Upgrades and Downgrades
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