The Day Ahead & News From After The Close For July 12th

by Geoff Garbacz | 07/13/2016 08:57 AM
The Day Ahead & News From After The Close For July 12th

In After Hours Trading

2 IPOs on deck this week. Secondaries on deck today FANG GWPH MIK RNVA.In After Hours Trading: AIR -0.11 ADTN +.02.

Lower Guidance: .

Mixed Guidance: .

Positive Guidance: .

What's Happening This Morning

U.S. futures: S&P +1.00, Dow Jones +2, NDX +6 and Russell 2000 +3.80 with fair value lower. Asia mixed and Europe mixed.Copper higher with silver higher and gold higher. WTI Crude and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.48% yield -3, one month change -13 and -98 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors Energy, Materials, Financials and Technology.

Weak Sectors Utilities.

One month winners Utilities,Consumer Goods and Healthcare.

Three Month Winners Energy, Materials, Healthcare and Utilities.

Six Month Winners Energy, Materials, Utilities and Industrial Goods.

One Year Winners Utilities, Technology and Industrial Goods.

Year To Date Utilities, Energy, Materials, Industrial Goods and Consumer Goods.

Earnings ExpectedEarnings due after the close (by avg. trade volume): CSX YUM.Due Thursday morning (by avg. trade volume descending): BLK DAL FCS JPM OMC PGR SJR TSM.

Rags & Mags: Inside Wall Street

Bloomberg: U.K. Prime Minister David Cameron makes his last appearance before Parliament and Theresa May to take over. OPEC wins production battle as it climbs to a new high. Double Line Portfolio Manager Jeff Gundlach eschews bonds with negative yields. Market rally begins to slow.Reported Earnings This MorningReported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): CBSH +.02 ANGO +.03.Lower Guidance: .

Current Morning missing: .

Mixed Guidance: .

Data Points

Yesterday saw 2140 stocks rise and 896 fall on the NYSE. NASDAQ saw 2067 rise and 797 fall.

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

The 10 day spread moving average of breadth is back to invested as of June 29th close. The Madison Market Timing Indicator is now in cash as of Friday's open.

YTD 4126 stocks are higher for 2016 and 2456 are lower. Updated 7/8/16 close.


The latest Federal Reserve Beige Book is released at 2:00 p.m. EDT.


Federal Reserve Dallas President Rob Kaplan will speak about the economy at 9:00 a.m. EDT, and Federal Reserve Philadelphia President Patrick Harker will speak at 6:00 p.m. EDT.

Conference & Analyst Meetings

Meetings or announcements of note PSTG GIS TEVA NUVA. Cantor Fitzgerald 2nd Annual Healthcare Conference 2016.

Conference of Note

Farnborough International Airshow, Calgary Oil Stampede and Semicon West 2016.M & A News.

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