Futures Higher Again, Is This A Dream (Part II)?
In After Hours Trading
IPOs on deck none of note. Secondaries of note for today AMED.
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: MSG+0.62 , AMAG+0.54 , SPOT+0.53 , OSB+0.43 , CI+0.40 , IDCC+0.37 , 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 , ACIA+0.25 , TREE+0.24 , IT+0.23 , PCRX+0.23 , CZR+0.21 , STFC+0.20 , BID+0.20 , TRP+0.20 , CNQ+0.19 , RDUS+0.19 , VSAT+0.16 , AAWW+0.14 , NSP+0.14 , TEVA+0.14 , ITGR+0.13 , PGTI+0.12 , EPAM+0.12 , NTCT+0.11 , WRLD+0.10 , TFX+0.10 , GLOG+0.10.
MISSED: MT (0.56), YRCW (0.48), 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), GLPI (0.12).
Lower Guidance: .
Mixed Guidance: .
Positive Guidance: .
What's Happening This Morning
U.S. futures: S&P +26 Dow Jones +345, NDX +26 and Russell 2000 +17 with fair values HIGHER hurting open. Asia and Europe higher.
Gold lower, silver and copper higher. WTI Crude lower and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury price 118.36 with yields lower since Thursday. Prices as of 7:55 a.m. EDT.
Top Sectors Technology, Services, Industrials and Healthcare.
Weak Sectors none.
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): none of note.
Earnings due Monday morning: SYY PCG L CNA WRK OHI KMPR SHO DO SOHU CYOU.
Rags & Mags: Inside Wall Street
Japan to put forth sales tax increase unless global crisis.
Bloomberg reports that the White House and cabinet drafting a trade deal. (Bloomberg)
CNBC Eamon Javers refutes Bloomberg U.S. China story. (CNBC)
Alibaba (BABA) cut sales forecast on U.S. and China trade issues. (Bloomberg)
Apple (AAPL) removes unit sales guidance and hits at weaker holiday sales for iPhone. (CNET)
Starbucks (SBUX) wants to open 2,100 stores in 2019. (CNN)
Oil to hit $80 by year end says Goldman Sachs. (Oilprice.com)
Reported Earnings This Morning (Looking at beats or misses +/- .10)
Reported This Morning:
SURPRISES WLTW + 0.49 , WPC + 0.23 , FTS + 0.17 , DUK + 0.14 , HRC + 0.12 , HMSY + 0.10 , CNK + 0.07 , NPTN + 0.06 , CBOE + 0.05 , ENB + 0.05 , TWI + 0.05 , EXTR + 0.05 , TRTN + 0.05.
MISSES: BPL (5.58), VST (0.18), NWL (0.10), ASIX (0.09), RLGY (0.08).
Lower Guidance: .
Current Morning missing: .
Mixed Guidance: .
Yesterday saw 2247 stocks rise and 699 fall on the NYSE. NASDAQ saw 2406 rise and 691 fall.
The SP 500 is now well below its 50 day simple moving average and is below its 200 day simple moving average BUT COULD MOVE ABOVE TODAY, 2765.09. The Russell 2000 is below its 50 day simple moving exponential average and 200 day simple moving average.
The QPI10 Day Moving Average of breadth is in cash and went there on . 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.
Eurozone PMI was out at 4 a.m. EDT and came in at 52 versus estimates of 52.1.
October Nonfarm Payrolls are due out at 8:30 a.m. EDT and is expected to rise to 185,000 from 121,000.
September Factory Orders are due out at 10:00 a.m. EDT and are expected to fall to 0.4% from 2.3%.
Final weekend of campaigning before the Mid Term Elections on Tuesday.
Conference & Analyst Meetings
Meetings, Conference Calls or Announcements of note, ADXS RTIX WAAS EFSC CHDN Dansk Bank in Copenhagen.
McClatchy (MNI) considereing bid for Tribune Publishing (TPCO).
Key Upgrades and Downgrades
Get the information you need to make profitable decisions first thing in the morning. Access to the information is FREE, not knowing it could cost you a bundle!
Superstock Investor Newsletter
Published once a month. Get the big picture, what happened last month and predictions for the month ahead.
Take advantage of the knowledge provided by people who live to monitor the Stock Market. People like:
Get access to information from publications like:
Not a Subscriber?
Superstock Investor's goal is to provide subscribers a steady stream of original stock ideas with an emphasis on takeover candidates. These are companies that have flown onto our radar screens as potential takeover targets, or special situations with some catalyst promising to send their shares soaring. Continue..