Futures Fail To Continue Higher
In After Hours Trading
IPOs on deck: Alzheon (ALZH)
Secondaries on deck: ACRX AR NBEV OMP SRPT.
Filings After The Close: (mixed shelf), (common stock), (debt)
Courtesy of IPO Financial
Earnings From After the Close:
WIN +3.55 , HII +1.15 , HRI +0.67 , VIVO +0.58 , BAM +0.43 , ZEUS +0.36 , ICUI +0.34 , AL +0.33 , LOXO +0.32 , LGND +0.29 , GTS +0.25 , STRA +0.24 , CAH +0.22 , FLY +0.17 , ATVI +0.16 , TTD +0.15 , HMHC +0.15 , AZUL +0.14 , GTT +0.13 , DIS +0.13 , NXST +0.12 , RDFN +0.12 , ENDP +0.12 , ACIW +0.11 , LGF.A +0.11 , SGMS +0.10.
OSTK (0.84), KOP (0.38), JAG (0.27), CNNE (0.26), ZGNX (0.22), HZN (0.21), XON (0.21), MLCO (0.20), VRAY (0.19), PRAA (0.15), UEPS (0.13), ERI (0.12), LAUR (0.12), DESP (0.12).
Lower Guidance: ATVI AMBR YELP ECOM SWIR TSE UEPS
Strong Guidance: GMED MRAM TTD (STILL LOWER DESPITE THIS & EARNINGS BEAT!!)
What’s Happening This Morning:
U.S. futures: S&P -13.75 Dow Jones -114, NDX -56 and Russell 2000 -12.70 with fair values LOWER helping open. Asia and Europe lower.
Gold, silver and copper lower. WTI Crude flat to slightly lower and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury price 117.98 with yields higher since Thursday. Prices as of 7:55 a.m. EDT.
Top Sectors Yesterday: Financials.
Weak Sectors Yesterday Conglomerates, Materials, Technology and Consumer Goods.
One Month Winners: Services, Healthcare, Industrials, Utilities and Technology.
Three Month Winners: Healthcare and 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: ATHN GNC.
Earnings Due Monday Morning: BGNE ACM.
Rags & Mags:
Proctor & Gamble CEO (PG) CEO being interviewed on CNBC at 10:00 a.m. (CNBC)
TSA sees busiest Thanksgiving ever at airports. (USA Today)
Earnings Reported This Morning:
Surprises: REV +0.54 , ADNT +0.16 , TRCO +0.16 , UBNT +0.16
Misses: BRS (0.24), OXFD (0.14)
Lower Guidance: MGI PBPB
Yesterday saw 1357 stocks rise and 1536 fall on the NYSE. NASDAQ saw 1407 rise and 1653 fall.
The SP 500 is still below its 50 day simple moving average and is now above its 200 day simple moving average. The Russell 2000 is still below its 50 day simple moving exponential average and 200 day simple moving average.
Courtesy of Phil Erlanger Research
The QPI10 Day Moving Average of breadth is invested and went there on November 8th at 2806.38.
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
October PPI is due out at 8:30 a.m. EDT and is expected to remain at 0.2%.
November Michigan Sentiment is due out at 10:00 a.m. EDT and are expected to fall to 98 from 98.6.
Federal Reserve Open Market Committee (FOMC) announced latest interest rate update at 2:00 p.m yesterday. No change. Federal Reserve Speakers now free to talk again. They start today.
Federal Reserve New York President John Williams speaks at 8:30 a.m. EDT.
Federal Reserve Philadelphia President Patrick Harker speaks at 8:50 a.m. EDT.
Conferences & Analyst Meetings:
Analyst Meetings: DCO JNPR GTXO ADRO (after close data review at 6:30 p.m. EDT)
Monthly Sales Numbers:
Society of Immunotherapy of Cancer Annual Meeting
M&A Activity And Credible Rumors of Note Overnight:
II-VI (IIVI) will buy Finisar (FNSR) for $15.60 in cash and 0.22 of IIVI stock.
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