Daily Playbook For May 30th
In After Hours Trading
In After Hours Trading: SURPRISES CVCO +.78 CRM +.06 SPTN +.02. MISSES .
Lower Guidance: .
Mixed Guidance: CRM.
Positive Guidance: .
What's Happening This Morning
U.S. futures: S&P +13, Dow Jones +145, NDX +26 and Russell 2000 +6. Asia and Europe lower.
Gold higher with Copper and silver lower. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury price 119.31, change since last update +0.02, so yields lower. Prices as of 7:45 a.m. EDT.
Top Sectors Utilities.
Weak Sectors All others.
One month winners Basic Materials, Utilities, Services and Healthcare.
Three Month Winners Utilities.
Six Month Winners Services, Basic Materials, Technology and Conglomerates.
One Year Winners All except for Conglomerates.
Year To Date Basic Materials, Services and Technology.
Earnings due after the close (by avg. trade volume): PVH KEYS UHAL SMTC BOX GES.
Earnings due tomorrow morning: DG DLTR BURL DCI CIEN AEO PDCO TECD JILL.
Rags & Mags: Inside Wall Street
Demand for European bonds rise day after turmoil. (Bloomberg)
Trump Administration to move forward against China on new tariffs. (Bloomberg)
European banks at risk with trouble in Italy. (WSJ)
Political risks dwarf rise in dollar as oil continues to climb. (WSJ)
How does Starbucks (SBUX) tackle racism in four hours? (NYT)