The Daily Playbook For May 10th From Superstock Investor

by Geoff Garbacz | 05/10/2018 08:54 AM
The Daily Playbook For May 10th From Superstock Investor

In After Hours Trading

IPOs on deck of note AXA Equitable Holding (EQH). Secondaries of note AGS IART NBR.

In After Hours Trading: SURPRISES PBYI +.34 PTLA +.28 DNB +. 17 GDOT +.11 ROKU +.09 BREW +.06. MISSES MBI -.76 MELI -.73 IAC -.09 OTEX -.08 FOXA -.04 ETE -.01.

Lower Guidance: .

Mixed Guidance: .

Positive Guidance: .

What's Happening This Morning

U.S. futures: S&P +5, Dow Jones +21, NDX +14.50 and Russell 2000 +0.5. Asia higher and Europe mixed.Copper,silver and gold higher. WTI Crude and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury price 119.34, one day change +0.06, so yields higher. Prices as of 7:45 a.m. EDT.

Top Sectors All except for Utilities.

Weak Sectors Utilities.

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 Expected

Earnings due after the close (by avg. trade volume): NVDA SYMC NKTR DOX NWSA FLS AL YELP.Earnings due tomorrow morning: TRI.

Rags & Mags: Inside Wall Street

Bloomberg sees CPI due to rise to 2.5%.

Fed not concerned inflation overshoots. (Bloomberg)

Overnight BT Group PLC (British Telecom) laid off 13,000 job cuts. (Bloomberg)

Iran to cozy up to China. (Bloomberg)

VIX begins to look normal again. (Bloomberg)

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): SURPRISES PEGI +1.17 BAM +.56 AMCX +0.45 ENB +.18 DUK +.14 CRL +.12 CHH +.07 . MISSES SPH -.42 LHO -.38 IMOS -.19 KELYA -.10.Missing: .

Lower Guidance: .

Current Morning missing: .

Mixed Guidance: CHH TGI.

Positive Guidance: .

Data Points

Yesterday saw 1818 stocks rise and 1066 fall on the NYSE. NASDAQ saw 1765 rise and 1105 fall.

The SP 500 is back above its 50 day exponential moving average and above its 200 day exponential moving average. The Russell 2000 is now back above its 50 day moving exponential average and is above 200 day exponential moving average.

The 10 day spread moving average of breadth moved to invested yesterday. The Madison Market Timing Indicator is still invested.

YTD 45.66% of stocks are higher and 53.80% are lower. Updated 4/27/18 close.


April CPI is released at 8:30 a.m. EDT and expected to fall to 0.20% from 0.30%.The latest short interest from the NYSE and NASDAQ was released after the close of trading. The Data saw no change through April 30th settlement.


The Bank of England (BOE) announced its latest interest rate decision and left rates unchanged.

Conference & Analyst MeetingsMeetings

Conference Calls or Announcements of note the. Jefferies Global Technology Conference. UBS Utilities and Natural Gas Conference.
Conference of Note

Red Hat (RHT) Annual Summit. Watch for news on Red Hat and players with Red Hat.M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades

JP Morgan
Goldman Sachs Upgrade AIG
Morgan Stanley Downgrade M
Deutsche Bank
Citigroup Upgrade CC
Merrill Lynchp CVRR MPC TPR HAL OXY EOG Dwongrade BHGE
Wachovia/Wells Fargo
Credit Suisse
Banc of America

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