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Futures Rebounding After Lower Open For February 29th

  • Wall Street Rebel | Geoff Garbacz
  • 02/29/2016 09:53 AM
Futures Rebounding After Lower Open For February 29th

February 29, 2016

In After Hours Trading

6 IPOs on deck this week. Secondaries on deck today none of note.In After Hours Trading: none of note.

Lower Guidance: none of note.

What's Happening This Morning

U.S. futures: S&P +3, Dow Jones +19, NDX +2.25 and Russell 2000 +0.740 with fair value a bit higher. Asia lower and Europe mixed.Copper lower with silver and gold higher. WTI Crude and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.75% yield +1, one month change -18 and -25 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors Conglomerates, Basic Materials, Financials and Industrial Goods.

Weak Sectors Utilities.

One month winners Basic Materials and Utilities.

Three Month Winners Utilities.

Six Month Winners Utilities.

One Year Winners none of note.

Year To Date Utilities.

Earnings Expected

Earnings due after the close (by avg. trade volume): WDAY XON JUNO HTZ ATML KITE SSW NKTR.Due Tuesday morning (by avg. trade volume descending): MDT BNS JD AZO DLTR DCI KATE JKS.

Rags & Mags: Inside Wall Street

Bloomberg: Euro Inflation -0.2 put pressure on ECB to ease further. China cut is Reserve Requirement, see Articles That Matter. G-20 disappoints in term of no coordination. Hedge funds increase net long oil bet.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): AMAC +.03 ENDP +.09 FDML +.10 IPI -.15 LL -.53 TASR +.05.Lower Guidance: none of note.

Current Morning missing: none of note.

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