The Day Ahead & News From After the Close For June 8th
In After Hours Trading
3 IPOs on deck this week. Secondaries on deck today ATVI SRPT TESO WTFC.I
In After Hours Trading: ABM +.04 CMTL +.77 DDC +.10 RH -.10.
Lower Guidance: RH.
Mixed Guidance: DTEA.
Positive Guidance: UNFI.
What's Happening This Morning
U.S. futures: S&P -7.50, Dow Jones -53, NDX -13.25 and Russell 2000 -4.90 with fair value lower. Asia lower with China and Hong Kong closed. Europe lower.Copper lower, silver higher and gold lower. WTI Crude and Brent Oil Futures lower. Natural Gas is flat. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.67% yield -3, one month change -8 and -76 one year change. Prices as of 7:55 a.m. EDT.
Top Sectors Basic Materials, Utilities, Industrial Goods, Financials and Consumer Goods.
Weak Sectors None.
One month winners Technology, Industrial Goods and Healthcare.
Three Month Winners Industrtial Goods, Healthcare and Financials.
Six Month Winners Utilities, Industrial Goods and Technology.
One Year Winners Utilities, Technology and Industrial Goods.
Year To Date Utilities, Industrial Goods and Consumer Goods.
Earnings due after the close (by avg. trade volume): HRB KFY MFRM CMTL.Due Friday morning (by avg. trade volume descending): none of note.
Rags & Mags: Inside Wall Street
Bloomberg: Assets around the world being bid up on accommodative central banks. George Soros believes the Brexit will not happen. Putin begins to lose support.
Reported Earnings This Morning
Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): CBK +.10 MTN +.07.Lower Guidance: CBK.
Current Morning missing: .
Mixed Guidance: FRAN SJM.
Yesterday saw 2037 stocks rise and 976 fall on the NYSE. NASDAQ saw 1845 rise and 980 fall.
The SP 500 is back above its 50 day exponential moving average and is still above 200 day exponential moving average. The Russell 2000 is back above its 50 day moving exponential average and its 200 day exponential moving average.
YTD 3880 stocks are higher for 2016 and 2748 are lower. Updated 5/6/16 close.
Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.
ECB President Mario Draghi spoke this morning.
Conference & Analyst Meetings
Meetings or announcements of note EAT ONDK AAOI SNCR. Jefferies Healthcare Conference. Baird Global Consumer, Technology and Services Conferences. Goldman Sachs Annual Global Healthcare Conference. Deutsche Bank Global Industrials & Materials Summit. Barclays High Yield & Syndicated Loan Conference. Citi Small & Mid Cap Conference.
Conference of Note
NAREIT REIT/Week Investor Forum.M & A News