Superstock Investor
Member Login   RSS ->
James DiGeorgia, Mr. Macro
- Chief Editor -
Mr. Macro
Geoff Garbacz, Mr. Micro
- Chief Strategist -
Mr. Micro
Dan Hassey, Mr. Retirement
- Senior Stock Analyst -
Mr. Retirement
Superstock Investor


[Printable Version of This Page]

Market Matters:

Futures Nasty This Morning
by Geoff Garbacz & Staff Writers

December 6, 2018

In After Hours Trading

IPOs on deck: Mogu (MOGU)

Secondaries on deck: RDHL.

Filings After The Close: common stock; mixed shelf offering; debt offering.

IPO Filing:.

Courtesy of IPO Financial

Earnings From After the Tuesday Close:

Surprises: MDB +0.10, ESTC +0.09, ZS +0.06, HQY +0.06, HPE +0.02, MRVL +0.01, OLLI +0.01

Misses: .

Flat:

Earnings From Wednesday:

Surprises: GEF +2.34, CLDR +0.08, OKTA +0.07, FIVE +0.03

Misses:

Flat: SNPS

What’s Happening This Morning:

U.S. futures: S&P -36, Dow Jones -366, NDX -113 and Russell 2000 -16 with fair values LOWER HELPING LOSSSES. Asia and Europe lower. 8:35 a.m. EDT

Gold, silver and copper lower. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury price 120.28 with yields lower since Tuesday morning. Prices as of 7:55 a.m. EDT.

The VIX is back above 20 at 21.05.

Top Sectors Tuesday: None as all lower.

Weakest Sectors Tuesday: All led by Industrials, Financials and Services to the downside.

One Month Winners: Healthcare and Utilities.

Three Month Winners: Utilities.

Six Month Winners: Healthcare and Utilities.

Twelve Month Winners: Healthcare, Services and Conglomerates

Year To Date Winners: Healthcare, Services, Conglomerates and Utilities.

Earnings Ahead: (sorted by Market Cap and only most impactful and notables listed)

Earnings Expected After The Close: AVGO ULTA COO DOCU SAIC AOBC ASNA ZUMZ.

Earnings Due Friday Morning: MTN BIG.

Rags & Mags:

Five Things To Know Before You Start Your Day. (Bloomberg)

China to restart the purchase of soybeans and LNG. (Chinese Press Release)

Huawei CFO arrested in Canada at U.S. request. (CNN)

OPEC expects to cut production by 1M barrels a day as opposed to 1.3M barrels expected. (CNBC)

White House refuses to sanction Saudi Arabia as Congress demands action. (Foreign Policy)

Treasury suggests review of postal rates as Amazon (AMZN) bleeds post office. (Washington Post)

Lyft moves ahead on IPO. (WSJ)

Wells Fargo fires 3 dozen district managers in purge. (WSJ)

737 Buyer to cancel order with Boeing (BA), more ahead? (IBD)

Earnings Reported This Morning:

Surprises: SCWX +0.11 , GCO +0.09 , MEI +0.08 , GIII +0.07 , SIG +0.04 , MIK +0.04 , HOME +0.03 , PDCO +0.02

Flat:  LE, MOMO, PLCE

Still To Report: DLTH, HRB, HOV, KFY, KR, TTC, VRNT

Misses:

Lower Guidance: MEI HOME MOMO PLCE

Mixed Guidance: SCWX

Strong Guidance: GIII MIK

Date Points:

Yesterday saw 457 stocks rise and 2510 fall on the NYSE. NASDAQ saw 443 rise and 2653 fall.

The SP 500 broke back below its 50 day simple moving average and its 200 day simple moving average on Tuesday. 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 (10DMA) moved to cash on 11/21. For a move to cash, the 10DMA needs to have two days in row below -200. It remains below 0 at -106.

YTD 39% (+3%) of stocks are higher and 60% (+1) are lower. Updated 11/30/18 close with next update on 12/7/18 close.

Courtesy of Quantitative Partners, Inc.

Economic:

November ADP Payroll Data is due out at 8:15 a.m. EDT and is expected to fall to 192,000 from 227,000.

Weekly Jobless Claims are due out at 8:30 a.m. EDT.

October Factory Orders are due out at 10:00 a.m. EDT and are expected to fall to -2.0% from 0.7%.

November ISM Services is due out at 10:00 a.m. EDT and is expected to fall to 59 from 60.3.

Weekly Crude Oil Inventories are due out at 10:30 a.m. EDT

Politico:

OPEC meeting in Vienna to discuss production levels for 2019. Saudi Arabia is expected to take the lead role. No announcement yet.

White House to hold a tech roundtable at 1:00 p.m. EDT.

Federal Reserve Atlanta President Raphael Bostic to speak at 12:15 p.m. EDT.

Federal Reserve New York President John Williams to speak at 6:30 p.m. EDT.

Federal Reserve Chairman Powell to give testimony to the House at 6:45 p.m. EDT.

Conferences & Analyst Meetings:

Analyst Meetings: ALNY VRSK AY ABEO MTOR MIXT BIOS PRU T SBPH APDN.

Retail Monthly Sales: LB BKE CATO

Sellside Conferences:

Capital One Energy Conference.

Citi Global Healthcare Conference.

Barclays Global Technology, Media and Telecom Conference.

Roth Capital Corporate Access Conference.

Industry Conferences:

LD Micro Annual Conference

M&A News & Rumors


 

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan TWNK ATVI
Goldman Sachs
Morgan Stanley
Deutsche Bank
CCitigroup CC Merrill Lynchp
Merrill Lynch ANET
Wachovia/Wells Fargo
Credit Suisse
Banc of America
UBS
Needham
Piper Jaffray
Jefferies
Stifel FB CNAT
Nomura VMC
Raymond James SRC
HSBC
Sun Trust RH
Bernstein
Moffet Nathanson
Robert W. Baird WTR
Telsey Advisory
Loop Capital
MKM
Sandler O'Neil
Keefe Bruyette
Cantor Fitzgerald
CIBC
Dresnder
Nomura
HSBC Securities
Cowen
William Blair
BNP Paribas
B. Riley
Kaufman
Brean Murray
JMP Securities
Wedbush
Argus
CLSA
BB&T
ING
Roth
Janney Montgomery
Susquehanna
Think Equity
Merriman
Cantor Fitzgerlad
BMO Capital
Benchmark
Jesup & Lamont
Macquarie
Canaccord Adams
Evercore
MKM
Bernstein
CLSN
Guggenheim
Auriga
Stephens
BTIG
Global Hunter

Market Matters Archives

FREE SERVICES

Morning Briefing

Get the information you need to make profitable decisions first thing in the morning. Access to the information is FREE, not knowing it could cost you a bundle!

SUBSCRIBER SERVICES

Superstock Investor Newsletter

Published once a month. Get the big picture, what happened last month and predictions for the month ahead.

Investors Edge

Take advantage of the knowledge provided by people who live to monitor the Stock Market. People like:

  • Phil Erlanger
  • Tom McClellian
  • Mohan
  • Geoff Garbacz
  • Steve Weintz

Get access to information from publications like:

  • The Kiplinger Letter
  • The Agile Trader
  • McClellan Market Report
  • Gold and Energy Options Trader
  • Mohan's Market Force

***

Not a Subscriber?

[Superstock Investor Newsletter]

Superstock Investor's goal is to provide subscribers a steady stream of original stock ideas with an emphasis on takeover candidates. These are companies that have flown onto our radar screens as potential takeover targets, or special situations with some catalyst promising to send their shares soaring. Continue..