Futures Positive This Morning
In After Hours Trading
IPOs on deck none of note and 11 IPOs this week. Secondaries of note PTLA.
Filings after close .
data courtesy of IPO Financial
In After Hours Trading: SURPRISES JBHT +.08. FLAT: MISSED: none of note.
Lower Guidance: .
Mixed Guidance: .
Positive Guidance: .
What's Happening This MorningU.S. futures: S&P +15 Dow Jones +146, NDX +57 and Russell 2000 +8.40 with fair values HIGHER hurting open. Asia and Europe bouncing as well.
Gold and silver higher with copper lower. WTI Crude and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury price 118.14 with yields flat since last Friday morning. Prices as of 8:35 a.m. EDT.
Top Sectors Conglomerates, Utilities and Industrials.
Weak Sectors Technology, Healthcare and Financials led the way lower.
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): NFLX IBM CSX LRCX UAL IBKR CREE ADTN TACO.
Earnings due Wednesday morning: ABT USB ASML MTB NTRS MTG SVU BMI WGO.
Rags & Mags: Inside Wall StreetLarry Fink CEO of Blackrock (BLK) noted that investors cautious before last week in an interview this morning on the network. (CNBC)
Mega Millions prize is the 4th largest ever at $654 million draws tonight. (CNBC)
China may have $5.8 trillion of hidden debt. (Bloomberg)
Investors turn most bearish since the crash of 2007 to 2008. (Bloomberg)
Uber eyes IPO valuation of $120 billion for 2019. (WSJ)
Walmart (WMT) to open only 10 new stores as it seeks to build on e-commerce. (WSJ)
Secretary of State Mike Pompeo in Saudi Arabia to find out what happened to Khashoggi. (NYT)
Reported Earnings This MorningReported This Morning: SURPRISES GS +.94 BLK +.66 DPZ +.20 GWW +.20 MS +.16 OMC +.11 UNH +.11 CMA +.08 PACW +.02 JNJ +.02 PLD +.01. FLAT: MISSED: .
Missing: FHN PGR.
Lower Guidance: none of note.
Current Morning missing: .
Mixed Guidance: JNJ PLD.
Positive Guidance: .
Yesterday saw 1726 stocks rise and 1184 fall on the NYSE. NASDAQ saw 1674 rise and 1397 fall.
The SP 500 is now well below its 50 day exponential moving average and is just below its 200 day exponential moving average. The Russell 2000 is below its 50 day moving exponential average and 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 41% of stocks are higher and 59% are lower. Updated 10/12/18 close.
EconomicsSeptember Industrial Production is due out at 9:15 a.m. EDT and is expected to fall to 0.2% from 0.4%.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, ARWR ANDE MRVL CERS WMT CYTK FTS NTTYY.
Conference of NoteInternational Conference on Diabetes and Endocrinology
M & A News
Key Upgrades and Downgrades
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