Futures Rallying Post Elections
In After Hours Trading
IPOs on deck: CNF Finance Holdings (CNF)
Secondaries on deck: none of note.
Filings After The Close: (mixed shelf)
Courtesy of http://www.ipofinancial.com
Earnings From After the Close:
Surprises: REGN +0.78, JLL +0.7, MNK +0.31, BHC +0.29, DXCM +0.27, ZBRA +0.27, COHR +0.26, XOG +0.23, GOGO +0.21, WLK +0.21, IONS +0.18, RHP +0.16, TDG +0.15, LPX +0.15, JKHY +0.14, EXPD +0.14, GLDD +0.14, AFI +0.13, MBUU +0.13, ANIP +0.12, BR +0.11, RL +0.10
Misses: SERV -0.10, BCC -0.10, BOLD -0.10, ORA -0.11, GDDY -0.11, JELD -0.12, USAC -0.12, OCN -0.15, IRWD -0.18, SUM -0.19, SAGE -0.23, AAC -0.32, EMES -0.35, GLT -0.39, ONCE -0.8, VRTV -1.02
Lower Guidance: CHUY INFN PXD RRGB TRUE ZG
Strong Guidance: ASH DXCM DIOD ETSY FIVN HALO PLNT
What’s Happening This Morning:
U.S. futures: S&P +18 Dow Jones +140, NDX +68 and Russell 2000 +4.20 with fair values LOWER helping open. Asia and Europe higher.
Gold, silver and copper higher. WTI Crude lower and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury price 118.08 with yields lower since Tuesday. Prices as of 7:55 a.m. EDT.
Top Sectors Yesterday: Industrials, Consumers Services and Technology
Weak Sectors Yesterday None of note.
One Month Winners: Conglomerates and Utilities
Three Month Winners: Utilities
Six Month Winners: Healthcare, Utilities and Services
Twelve Month Winners: Healthcare, Services and Conglomerates
Year To Date Winners: Healthcare, Services and Conglomerates
Earnings Ahead: (sorted by Market Cap and only most impactful and notables listed)
Earnings Expected After The Close: QCOM PRU MFC MNST SQ CTRP MCHP MRO IAC TTWO ANSS WYNN ALB HOLX NWSA ADT MUR HUBS
Earnings Due Tomorrow Morning: AZN BAM JCI WP LNG CAH DHI PRGO UBNT NICE DISCA COMM CHH GOOS HAIN SBH MDCO PRTY
Rags & Mags: (Click on Story to Link Through)
President Trump endorse Rep. Nancy Pelosi for Speaker of the House. (Twitter)
Earnings Reported This Morning:
Surprises: BGNE +0.44 , HUM +0.34 , MDP +0.22 , KELYA +0.18 , KORS +0.17 , CRL +0.15 , DISH +0.15 , HZNP +0.14 , GEO +0.13 , WAAS +0.11 , SRE +0.10
Misses: DF (0.22), RCM (0.17), MNTA (0.10), SGRY (0.10)
Lower Guidance: CARS CNHI DF SMG
Strong Guidance: HUM ODP SO
Yesterday saw 1825 stocks rise and 1070 fall on the NYSE. NASDAQ saw 1880 rise and 1185 fall.
The SP 500 is now below its 50 day simple moving average and is below its 200 day simple moving average but has been testing this average. 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 in September.
YTD 40% of stocks are higher and 60% are lower. Updated 11/2/18 close with next update on 11/12/18.
Courtesy of Quantitative Partners, Inc
API Petroleum out yesterday at 4;30 p.m. EDT and saw a build of 7.831 mln barrels while Gasoline drew -1.195 mln barrels.
Weekly Crude Inventories due out at 10:30 a.m. EDT.
$19 billion 30 Year Treasury Auction at 1:00 p.m. EDT.
President Trump to hold a press conference around 10:30/11:00 a.m. EDT.
Democrats to control House while GOP keeps the Senate.
Conferences & Analyst Meetings:
INUV FBMS NCR IMO AWI BMRN
Monthly Sales Numbers:
Baird Global Industrial Conference
Stephens Fall New York City Investment Conference
Credit Suisse Annual China Conference
Bank of America Financials Future Conference
Piper Jaffray Westcoast Bank Symposium
M&A Activity And Credible Rumors of Note Overnight:
First Bancshares (FBMS) to buy FPB Financial Corp (FPBF) for
Key Upgrades and Downgrades
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