Futures Flat Into A New Week
In After Hours Trading
IPOs on deck: There are 9 IPOS scheduled for this week.
Secondaries on deck: There is one IPO scheduled for this week so far. Expect other announcements as the week progresses.
Filings After The Close: None of note.
Courtesy of IPO Financial
Earnings From After the Close:
Surprises: ATHN +.09 OPK +.01.
Misses: GNC -.07.
Hourly Action This Week:
Courtesy of Quantitative Partners, Inc.
What’s Happening This Morning:
U.S. futures: S&P -0.25 Dow Jones -18, NDX +13 and Russell 2000 +1 with fair values HIGHER helping open. Asia higher and Europe lower.
Gold and silver lower with copper higher. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury price 118.33 with yields lower since Friday. Prices as of 7:55 a.m. EDT.
Top Sectors Yesterday: Utilities.
Weak Sectors Yesterday Technology, Services and Industrials.
One Month Winners Healthcare, 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: UGI YY APU YRD HUYA EXPI TDW EB VERI.
Earnings Due Tuesday Morning: HD TSN AAP ARMK CAE EYE GDS EPC DQ BZR.
Rags & Mags:
Business spending slows. (CNBC)
Earnings Reported This Morning:
Surprises: ATHM +.03 ACM +.01
Lower Guidance: ACM
Strong Guidance: ATHM
Yesterday saw 905 stocks rise and 1990 fall on the NYSE. NASDAQ saw 782 rise and 2300 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.
The latest short interest was released over the weekend. NYSE saw an increase of 0.73% to 15,438,572,245. NASDAQ saw short interest fall 0.30%.The latest collection period was from 10/15 through 10/31 on a settlement basis.
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 11/9/18 close with next update on 11/19/18.
Courtesy of Quantitative Partners, Inc
Releases of note this week the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as CPI, Retail Sales and Industrial Production.
The U.S. Bond Market is closed for Veterans Day.
Conferences & Analyst Meetings:
Analyst Meetings: IBM TSRO MYOK EIDX
Credit Suisse Annual Healthcare Conference
JP Morgan Ultimate Services Investor Conference
UBS Global Technology Conference
World Economic Forum on ASEAN 2018
M&A Activity And Credible Rumors of Note Overnight:
SAP to buy Qualtrics for $8 billion in cash.
Vista Equity Partners to buy Apptio (APTI) for $38 a share in cash.
Management of China Customer Relations (CCRC) makes $16 bid for company.
Key Upgrades and Downgrades
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