Futures Rebound With Tons Of Fed Speak
In After Hours Trading
IPOs on deck Upwork (UPWK). Secondaries of note EPZM GWPH KALA.
Filings after close .
data courtesy of IPO Financial
In After Hours Trading: SURPRISES LNDC +.01. FLAT: MISSED: .
Lower Guidance: .
Mixed Guidance: LNDC.
Positive Guidance: .
What's Happening This MorningU.S. futures: S&P +9 Dow Jones +70, NDX +27 and Russell 2000 +6.70 with fair values lower helping to lessen the pain. Asia weaker with Europe higher.
Gold, silver and copperflat to up modestly. WTI Crude and Brent Oil Futures mixed to flat. Natural Gas is flat. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury price 118.70 with yields lower since Tuesday morning. Prices as of 8:00 a.m. EDT.
Top Sectors Utilities and Industrials.
Weak Sectors Services, Technology and Conglomerates.
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): SNX RECN PIR.
Earnings due tomorrow morning: STZ ISCA.
Rags & Mags: Inside Wall Street
Reported Earnings This MorningReported This Morning: SURPRISES LEN +.24. FLAT: MISSED: RPM -.10.
Lower Guidance: .
Current Morning missing: .
Mixed Guidance: .
Positive Guidance: .
Yesterday saw 1126 stocks rise and 1800 fall on the NYSE. NASDAQ saw 959 rise and 2076 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.
EconomicsSeptember ADP Employment Report out at 8:15 a.m. EDT and rose to 235,000 from 184,000 estimate, but this missing the jobs loss from Hurricane Florence.
September ISM Services is due out at 10:00 a.m. EDT and is expected to fall to 58.2 from 58.5.
Crude Oil Inventories are due out at 10:30 a.m. EDT. After the close yesterday, API Petroleum Report saw Crude Oil Inventories have a build with gasoline have a draw.
PoliticoFederal Reserve Chicago President Charles Evans spoke at 6:30 a.m. EDT from London.
Federal Reserve Richmond President Thomas Barkin spoke at 8:00 a.m. EDT.
Federal Reserve Philadelphia Governor Patrick Harker speaks at 12:00 p.m. EDT.
Federal Reserve Governor Lael Brainard speaks at 2:00 p.m. EDT.
Federal Reserve Cleveland President Loretta Mester speaks at 2:15 p.m. EDT.
Federal Reserve Chairman Jerome Powell is on a panel in Washington D.C. at 4:00 p.m. EDT.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, HPQ CRC PRTK SNHY SCS REI CPST CP SMAR NICE.
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
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