The Day Ahead & News From After The Close For July 21st
In After Hours Trading
IPOs on deck TPI Companies (TPIC). Secondaries on deck today CFRX GEL MCF.In After Hours Trading: AMD +.03 SAM +.12 CMG +.03 ETFC +.10 P +.02 SLB +.02 SKX -.04 SWKS +.03 SYK +.02 V +.02.
Lower Guidance: P PYPL SKX.
Mixed Guidance: SWKS.
Positive Guidance: .
What's Happening This Morning
U.S. futures: S&P +3.50, Dow Jones +24, NDX +6.00 and Russell 2000 +3.10 with fair value a bit higher. Asia lower and Europe higher.Copper higher, silver lower and gold lower. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury yield at 1.57% yield +2, one month change -11 and -75 one year change. Prices as of 7:55 a.m. EDT.
Top Sectors Utilities and Healthcare.
Weak Sectors Industrial Goods, Energy, Materials and Financials.
One month winners Basic Materials, Energy, Industrial Goods and Health Care.
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.
Rags & Mags: Inside Wall Street
Bloomberg: U.K. Purchasing Manager's Index fell to its lowerst level since April of 2009. The British Pound fell as a result.Schlumberger (SLB) and Halliburton (HAL) both said the worst of the oil crash may be over. Chinese Yuan may stop going lower at 6.7 Yuan per Dollar. U.S. Consumer had its best quarter in a decade. McDonald's (MCD) stops selling the Big Mac in Venezuela over a bread shortage. U.S. economic data has been very solid of late.Reported Earnings This MorningReported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): AAL +.09 ALV +.05 GE +.05 HON +.02 MCO +.04 SWK +.13 SYF +.04 TXT +.02 VFC +.02 WHR +.13 WSO -.22.Missing: .
Lower Guidance: .
Current Morning missing: .
Mixed Guidance: HON.
Yesterday saw 1283 stocks rise and 1753 fall on the NYSE. NASDAQ saw 1057 rise and 1769 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.
President Obama meets with Mexican President Enrique Pena Nieto in Washington.
Conference & Analyst Meetings
Meetings or announcements of note SCHW OLN.
Conference of Note
21st International AIDS Conference. Comic Con 2016.