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The Day Ahead & News From After The Close June 14th

  • Wall Street Rebel | Geoff Garbacz
  • 06/15/2016 08:38 AM
The Day Ahead & News From After The Close June 14th

In After Hours Trading

2 IPOs on deck today this week. Secondaries on deck this week HCLP ONCE SALT.In After Hours Trading: BOBE +.05 TAX +.08.

Lower Guidance: .

Mixed Guidance: BOBE.

Positive Guidance: .

What's Happening This Morning

U.S. futures: S&P +3.50, Dow Jones +42, NDX +8.75 and Russell 2000 +2.60 with fair value lower. Asia and Europe higher.Copper higher with silver and gold lower. WTI Crude and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury yield at 1.63% yield +4, one month change -7 and -73 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors Industrial Goods and Utilities.

Weak Sectors Energy, Materials, Financials, Technology, Healthcare.

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 Expected

Earnings due after the close (by avg. trade volume): CTRP QUNR JBL CLC KFY.Due Thursday morning (by avg. trade volume descending): KR RAD.

Rags & Mags: Inside Wall Street

Bloomberg: U.K. Chancellor of the Exchequer George Osborne warns of a fiscal crisis on a vote to leave the EU. MSCI fails to include China domestic shares in MSCI benchmark indexes. Clinton has a 12 point lead over Trump.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): none of note.Lower Guidance: .

Current Morning missing: .

Mixed Guidance: .

Data Points

Yesterday saw 1044 stocks rise and 1990 fall on the NYSE. NASDAQ saw 1124 rise and 2128 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.

The 10 day spread moving average of breadth is back to invested as of last week. The Madison Market Timing Indicator is still invested.

YTD 3880 stocks are higher for 2016 and 2748 are lower. Updated 5/6/16 close.

Economics

May PPI is due out at 8:30 a.m. EDT and is expected to rise to 0.3% from 0.2%.May Industrial Production is due out at 9:15 a.m. EDT and is expected to fall to -0.2% from 0.7%

Politico

The FOMC concludes a two day meeting and Federal Reserve Chairman Janet Yellen will hold a press conference after the announcement at 2:30 p.m. EDT.Bank of Japan will announce their latest rate decision on Wednesday night. On Thursday morning before the open the Swiss National Bank and Bank of England will announce their latest rate decisions.

Conference & Analyst Meetings

Meetings or announcements of note CBRL VVI AAWW. William Blair Growth Conference. Morgan Stanley Financials Conference. Macquarie Global Metals, Mining & Materials Conference.Conference of NoteMorningstar 28th Annual Investment Conference

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