In After Hours Trading
IPOs on deck: Eton Pharmaceuticals (ETON) should open $0.50-.75 priced at $6.00.
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:
Misses: EB (-0.67), VERI (0.18).
What’s Happening This Morning:
U.S. futures: S&P +16 Dow Jones +130, NDX +55 and Russell 2000 +11 with fair values LOWER helping open. Asia higher and Europe higher.
Gold and silver lower with copper higher. WTI Crude and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury price 118.34 with yields flat since Friday. Prices as of 7:55 a.m. EDT.
Top Sectors Yesterday: None.
Weak Sectors Yesterday All led by Technology, Industrials, Consumer Goods and Services.
One Month Winners Utilities, Conglomerates and Financials.
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: CGC TLRY WIX CWK HI SWCH MTSI PETQ .
Earnings Due Wednesday Morning: M WB ESTC SINA GOOS AVYA BZUN BPMP CVIA APRN.
Rags & Mags:
Commerce Department may be drafting language on auto import tariffs. (Bloomberg) Briefing
S&P downgrades Argentina to B from B+. (S&P)
Earnings Reported This Morning:
Surprises: BZH +0.86, HD +0.24, TSN +0.20, AAP +0.13 EPC +.04
Misses: GDS -.06 DQ -.06 ARMK -.02
Lower Guidance: EPC
Strong Guidance: HD AAP GDS
Yesterday saw 777 stocks rise and 2135 fall on the NYSE. NASDAQ saw 729 rise and 2355 fall.
The SP 500 is still below its 50 day simple moving average and is now BACK BELOW its 200 day simple moving average (2762.39). 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
NFIB Small Business Optimism Index out at 6:00 a.m. EDT and fell to 107.42 from 107.90.
Federal Reserve Governor Lael Brainard to speak at 10:00 a.m. EDT.
Conferences & Analyst Meetings:
Analyst Meetings: ZEN BL SCOR VOYA VZ ATO K TRP OSTK SFLY
Credit Suisse Annual Healthcare Conference
UBS Global Technology Conference
Needham Networking, Communication & Security Conference
Morgan Stanley Consumer & Retail Conference
Morgan Stanley Global Chemicals & Ag Conference
RBC TMT Conference
Stifel Healthcare Conference
Citi Fintech Conference
World Economic Forum on ASEAN 2018
M&A Activity And Credible Rumors of Note Overnight:
Catalina will not bid for Maiden (MHLD).
Key Upgrades and Downgrades
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