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Market Matters:

Futures Flat Into Jobs Friday
by Geoff Garbacz & Staff Writers

October 5, 2018

In After Hours Trading

IPOs on deck Arya Sciences Acquisition (ARYAU), Collier Creek Holdings (CCH/U), ChaSerg Technology Acquistion (CTACU),Elastic(ESTC), Yayyo (YAYO). Secondaries of note ATRC AZRE HSGX KMPH.

Filings after close .

data courtesy of IPO Financial

In After Hours Trading: SURPRISES none of note. FLAT: MISSED: .

Lower Guidance: .

Mixed Guidance: .

Positive Guidance: .

What's Happening This Morning

U.S. futures: S&P +0.25 Dow Jones +16, NDX -7.75 and Russell 2000 +3.20 with fair values lower helping to lessen the pain. Asia weaker with Shanghai closed with Europe mixed to lower.

Gold, silver and copper flat to up modestly. WTI Crude and Brent Oil Futures mixed to lower. Natural Gas is lower. $ is higher vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury price 117.72 with yields higher since Wednesday morning. Prices as of 8:00 a.m. EDT.

Top Sectors Financials, Materials, Industrials and Technology.

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 Expected

Earnings due after the close (by avg. trade volume): none of note.

Earnings due Monday morning: none of note.

Rags & Mags: Inside Wall Street

Tesla (TSLA) CEO Elon Musk mocks SEC and Judge demands answers from SEC and Musk on settlement. (WSJ)

Jobs data to impact stocks and bonds. (CNBC)

Kavanaugh in editorial he might have been too emotional in testimony. (WSJ)

Mattress Firm files for Chapter 11. (CNBC)

Reported Earnings This Morning

Reported This Morning: SURPRISES none of note. FLAT: MISSED: .

Missing: none of note.

Lower Guidance: none of note.

Current Morning missing: .

Mixed Guidance: .

Positive Guidance: .

Data Points

Yesterday saw 625 stocks rise and 2417 fall on the NYSE. NASDAQ saw 674 rise and 2390 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.

Economics

September Nonfarm Payrolls is due out at 8:30 a.m. EDT and is expected to fall to 184,000 from 201,000. However, the ADP Payroll Number came in hot at 235,000.

Politico

Senate Judiciary Committee to vote on Supreme Court nominee Brett Kavanaugh. Floor vote expected on Saturday.

Federal Reserve Minneapolis President Raphael Bostic speaks at 12:30 p.m. EDT.

Conference & Analyst Meetings

Meetings, Conference Calls or Announcements of note, TREE CALA .

Conference of Note

FireEye Cyber Summit

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan KRC BXP SPG CLI WRE SLG HCP EMN HPQ
Goldman Sachs    
Morgan Stanley    
Deutsche Bank    
Citigroup CC Merrill Lynchp    
Merrill Lynch   ADMS
Wachovia/Wells Fargo    
Credit Suisse    
Banc of America    
UBS    
Stifel    
Piper Jaffray FRGI BJRI  
Jefferies    
Nomura   COMM
Needham    
Raymond James    
Northland    
Loop Capital    
Nomura    
Moffet Nathanson    
Robert W. Baird    
Cowen    
Sun Trust RH    
MKM    
Sandler O'Neil    
Keefe Bruyette    
Cantor Fitzgerald    
CIBC    
Dresnder    
Nomura    
HSBC Securities    
Cowen  
William Blair    
BNP Paribas    
B. Riley    
Kaufman  
Brean Murray    
JMP Securities    
Wedbush    
Argus    
CLSA    
BB&T    
ING    
Roth    
Janney Montgomery  
Susquehanna    
Think Equity    
Merriman    
Cantor Fitzgerlad    
BMO Capital  
Benchmark    
Jesup & Lamont    
Macquarie    
Canaccord Adams    
Evercore    
MKM    
Bernstein    
CLSN    
Guggenheim    
Auriga    
Stephens    
BTIG    
Global Hunter    

 

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