In After Hours Trading
IPOs on deck: 6 IPOS on deck this week including the hottest deal Tencent Music Entertainment (TME).
Secondaries on deck: None of note.
Filings After The Close: common stock.
IPO Filing: none of note.
Earnings From After the Close: none of note.
News After The Close:
Facebook (FB) increases buyback by $9 billion.
White House Trade Advisor Peter Navarro was interviewed after the close.
Futures on Sunday early evening were down 22 points on the S&P 500.
Gilead Sciences (GILD) names Daniel O'Day as the new CEO as of March 1st.
Dividend Raises: AMGN
What’s Happening This Morning:
U.S. futures: S&P -0.25, Dow Jones -11, NDX +10 and Russell 2000 -0.70 with fair values LOWER CREATING POSITIVE OPEN. Asia and Europe lower.
Gold, silver and copper lower. WTI Crude and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury price 120.67 with yields lower since Friday morning. Prices as of 7:55 a.m. EDT.
Top Sectors Friday: Utilities.
Weakest Sectors Friday: All others lead by Services, Technology and Healthcare.
One Month Winners: 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: CASY SFIX ASNA NX.
Earnings Due Tuesday Morning: FRAN DSW.
Rags & Mags:
Five Things To Know Before You Start Your Day. (Bloomberg)
Uber and Lyft race to go public. (USA Today)
Earnings Reported This Morning:
Surprises: None of note this morning.
Yesterday saw 907 stocks rise and 2007 fall on the NYSE. NASDAQ saw 843 rise and 2220 fall.
The SP 500 is back below its 50 day simple moving average and its 200 day simple moving average. 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.
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.
Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as PPI, CPI, retail sales and industrial production..
White House Chief of Staff John Kelly is rumored to be out at year end,.
Tuesday sees the British Parliament vote on Prime Minister May’s Brexit plan.
Thursday sees the European Central Bank (ECB) announce its latest interest rate decision..
Conferences & Analyst Meetings:
Analyst Meetings: GERN IDCC QNST.
M&A News & Rumors
Tivity Health (TVTY) to buy Nutri Systems (NTRI) for $1.3 Billion in cash and stock or $47 a share.