Futures Higher Again, Is This A Dream?
In After Hours Trading
IPOs on deck none of note. Secondaries of note none for today.
Filings after close none of note.
data courtesy of IPO Financial Network (ipofinancial.com)
In After Hours Trading: (Looking at beats or misses +/- .10)
SURPRISES: MOH +1.32 , CACI +1.08 , ETR +0.94 , GM +0.62 , UTHR +0.52 , THG +0.48 , TUSK +0.47 , ICPT +0.47 , HES +0.42 , HFC +0.32 , TAP +0.25 , GRMN +0.23 , ATH +0.22 , YUM +0.21 , AUO +0.21 , TMHC +0.19 , AEE +0.18 , EL +0.18 , EPD +0.16 , CLH +0.16 , NFX +0.15 , SNY +0.14 , BG +0.13 , QRVO +0.13 , RYN +0.12 , MTDR +0.11 , ANTM +0.11 , BCOR +0.10 , PBF +0.10.
MISSED: AIG (0.51), DBD (0.45), CVE (0.38), EGL (0.36), ALL (0.32), MAXR (0.30), HCC (0.30), NEWM (0.29), CG (0.24), MUSA (0.24), WD (0.19), LIVN (0.12), LKSD (0.12), APO (0.11), XPO (0.10).
Lower Guidance: AMN HGV.
Mixed Guidance: .
Positive Guidance: STAY MASI KIDS O.
What's Happening This Morning
U.S. futures: S&P +12 Dow Jones +124, NDX +25 and Russell 2000 +8.60 with fair values LOWER helping open. Asia mixed and Europe higher.
Gold, silver and copper higher. WTI Crude and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury price 118.41 with yields lower since Wednesday. Prices as of 7:55 a.m. EDT.
Top Sectors Technology, Services, Industrials and Financials.
Weak Sectors Utilities.
One month winners Utilities.
Three Month Winners Utilities.
Six Month Winners Healthcare, Conglomerates, Services and Utilities.
One Year Winners Services, Healthcare and Conglomerates.
Year To Date Conglomerates, Healthcare and Services.
Earnings due after the close (by avg. trade volume): AAPL SBUX HNZ EOG MET EQIX ED ES CBS ANET MELI FTNT SYMC WYNN TRMB FLR ATHN.
Earnings due Friday morning: BABA XOM CVX ABBV DUK ENB IMO STX ITT RLGY.
Rags & Mags: Inside Wall Street
Crude Oil is dropping with Stocks and is highly correlated of late, (CNBC)
Tech stocks see worst month since November 2008. (CNBC)
Google (GOOGL GOOG) employees walk out over sexual harrassment handling. (CNBC)
2 views of Angela Merkel leadership in Germany. (NYT)
Apple (AAPL) earnings report tied to new iPhone Sales,earnings after the close. (WSJ)
Health Care sees open enrollment start today. (WSJ)
Dow Dupont (DWDP) earnings hurt by higher costs. (WSJ)
Active Bond Portfolio Managers doing a good job of outperforming. (WSJ)
Reported Earnings This Morning (Looking at beats or misses +/- .10)
Reported This Morning:
SURPRISES MSG +0.62 , AMAG +0.54 , SPOT +0.53 , OSB +0.43 , CI +0.40 , ABMD +0.36 , OSK +0.35 , GNRC +0.35 , RFP +0.34 , AMCX +0.34 , PH +0.31 , UFS +0.29 , LITE +0.29 , IDA +0.27 , TREE +0.24 , IT +0.23 , STFC +0.20 , BID +0.20 , TRP +0.20 , CNQ +0.19 , RDUS +0.19 , NSP +0.14 , TEVA +0.14 , PGTI +0.12 , EPAM +0.12 , NTCT +0.11 , WRLD +0.10 , TFX +0.10 , GLOG +0.10.
MISSES: MT (0.56), GEL (0.36), USCR (0.32), STAR (0.26), ALE (0.25), CEIX (0.20), W (0.19), TPX (0.16), EGRX (0.15), SN (0.13).
Lower Guidance: CHD D ROCK VSAT.
Current Morning missing: .
Mixed Guidance: .
Positive Guidance: AME CI EEX EPAM GNRC TREE STOR.
Yesterday saw 1777 stocks rise and 1176 fall on the NYSE. NASDAQ saw 1908 rise and 1197 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 QPI10 Day Moving Average of breadth is in cash. The Madison Market Timing Indicator is still invested.
YTD 35% of stocks are higher and 65% are lower. Updated 10/26/18 close with next update on 11/5/18.
September Construction Spending is due out at 10:00 a.m. EDT and is expected to rise to 0.20% from 0.10%.
October ISM Manufacturing Index is due out at 10:00 a.m. EDT and is expected to fall to 59 from 59.80.
Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.
The Bank of England (BOE) announced its latest interest rate decision overnight and left rates alone but noted "economy to run hot in late 2019 into 2020".
President Trump goes to Columbia, Missouri to campaign.
Conference & Analyst Meetings
Meetings, Conference Calls or Announcements of note, PGR SANW.
October Car Sales F HMC FCAU TM due out during the day.
Encana (ECA) to buy Newfield Exploration (NFX) in all stock deal for $5.5 billion. NFX higher by 13.9%.
Key Upgrades and Downgrades
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