Futures Lower Overnight
In After Hours Trading
IPOs on deck: Three due this week: Alzheon, TuanChe and Yayyo.
Secondaries on deck: Two due this week TLC TLSA.
Filings After The Close: CDIZ VIAB (mixed shelf), CDTX RMTI AMETH HFC EYE (common stock), HFC (debt)
Courtesy of IPO Financial
Earnings From After the Close:
Friday After The Close News:
Lockheed (LMT) gets $282 million contract from the Navy.
Northrop Grumman (NOC) gets $424 million Air Force contract.
What’s Happening This Morning:
U.S. futures: S&P -10, Dow Jones -87, NDX -27 and Russell 2000 -7 with fair values LOWER LESSENING THE PAIN. Asia higher and Europe MIXED.
Gold, silver and copper lower. WTI Crude higher and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury price 119.14 with yields higher since Friday. Prices as of 7:55 a.m. EDT.
Top Sectors Yesterday: Utilities, Healthcare, Materials and Consumer Goods.
Weak Sectors Yesterday Services and Technology.
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: INTU A LB NUAN URBN PSTG GH JACK BRKS BECN KLIC
Earnings Due Tuesday Morning: MDT LOW TGT ROST ADI TJX HRL BBY KSS CPB JEC NJR DY BKS.
Rags & Mags:
Earnings Reported This Morning:
Surprises: JD +.13
Misses: SPB -.29
Lower Guidance: JD
Yesterday saw 1519 stocks rise and 1388 fall on the NYSE. NASDAQ saw 1542 rise and 1503 fall.
The SP 500 is still below its 50 day simple moving average and 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 QPI10 Day Moving Average of breadth is invested and went there on November 8th at 2806.38.
YTD 39% (-1) of stocks are higher and 61% (+1) are lower. Updated 11/16/18 close with next update on 11/26/18.
Courtesy of Quantitative Partners, Inc
Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as housing starts, durable goods, existing home sales, leading indicators and Michigan Sentiment.
Federal Reserve New York President John Williams to speak at .
Conferences & Analyst Meetings:
Analyst Meetings: AXGN GNUS BKI UMRX QURE QIWI
A quite week due to Thanksgiving.
M&A Activity And Credible Rumors of Note Overnight:
Cimarex Energy (XEC) to buy Resolute Energy (REN) for $1.6 billion which is $35 a share. Investors could also take Cimarex share and or a combination of shares/cash.
Key Upgrades and Downgrades
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