Futures In Free Fall
In After Hours Trading
IPOs on deck 6 for this week. Secondaries of note EIGR.
Filings after close .
data courtesy of IPO Financial
In After Hours Trading: SURPRISES CR +.16 LOGI +.16 ZION +.08 CDNS +.08 AMTD +.04 BRO +.04. FLAT: MISSED: SLM -.01 MC -.01 SPN -.02.
Lower Guidance: .
Mixed Guidance: HNI AMTD HXL SLM IBTX.
Positive Guidance: CR CDNS ACC.
What's Happening This MorningU.S. futures: S&P -41 Dow Jones -427, NDX -127 and Russell 2000 -17 with fair values LOWER helping open. Asia and Europe lower.
Gold and silver higher with copper lower. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury price 118.383 with yields slightly higher since last Friday. Prices as of 8:15 a.m. EDT.
Top Sectors Conglomerates, Services and Technology.
Weak Sectors Financials, Healthcare and Industrials.
One month winners Utilities and Conglomerates.
Three Month Winners Utilities and Healthcare.
Six Month Winners Healthcare, Conglomerates, Services and Utilities.
One Year Winners Services, Healthcare and Materials.
Year To Date Conglomerates, Healthcare and Services.
Earnings ExpectedEarnings due after the close (by avg. trade volume): TXN CNI CB ILMN COF EW EQR AMP TSS CSGP JNPR RH TER of note.
Earnings due Wednesday morning: BA UPS TMO GD NOC BSX NSC ITW ALXN SIRI APH IR HLT DTE LH FCX of note.
Rags & Mags: Inside Wall StreetBespoke Research says 75% of companies trading lower on earnings results despite beats across the board. (CNBC)
Turkey's Erdogan says Khashoggi death was planned by the Saudis. (NYT WSJ)
Stocks set for big loss on earnings misses and weakness in Asia and Europe. (CNBC)
Former Federal Reserve Chairman Paul Volcker sees a "mess everywhere" as it relates to government and markets as his memoir to hit stores soon. (NYT)
Reported Earnings This MorningReported This Morning: SURPRISES ARCH +3.33 LMT +.83 BIIB +.64 HOG +.24 ALKS +.15 UTX +.11 MCD +.11 HUBB +.11 XRX +.07 PHM +.07 GLW +.03 VZ +.03. FLAT: MISSED: FITB -.02 ATI -.02 AVY -.02 MMM-.11 SLCA -.17.
Lower Guidance: WAT MMM.
Current Morning missing: .
Mixed Guidance: ALKS TRU CNC DGX.
Positive Guidance: LMT GLW.
Yesterday saw 1171 stocks rise and 1774 fall on the NYSE. NASDAQ saw 1309 rise and 1747 fall.
The SP 500 is now well below its 50 day exponential moving average and is now 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.
EconomicsNone of note. Releases are back ended loaded with all releases Wednesday through Friday.
Treasury Auction of 2 years at 1:30 p.m. EDT.
PoliticoFederal Reserve Atlanta President Raphael Bostic spoke overnight.
Federal Reserve Minneapolis President Neel Kashkari speaks at 9:30 a.m. EDT.
Federal Reserve Chicago President Charles Evans to speak at 6:15 p.m. EDT
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, PRTK NTAP.
Conference of NoteAmerican College of Rheumotology Annual Meeting.
European Society For Medical Clinical Oncology Conference.
M & A News
Key Upgrades and Downgrades
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