September 20, 2019 09:04 PM RSS

The Day Ahead & News From After The Close September 14th Through This Morning

  • Wall Street Rebel | Geoff Garbacz
  • 09/15/2016 09:10 AM
The Day Ahead & News From After The Close September 14th Through This Morning

In After Hours Trading

IPOs on deck none of note. Secondaries On Deck AGIO AMBR IMDZ MCFT NBLX SBLK ULTA UUUU. We expected deal flow to ramp up in the next few weeks.In After Hours Trading: APOG +.10 CLC +.04.

Lower Guidance: .

Mixed Guidance: .

Positive Guidance: .

What's Happening This Morning

U.S. futures: S&P +5.50, Dow Jones +44, NDX +12.75 and Russell 2000 +4.30 with fair value lower. Asia mixed and Europe lower.Copper,silver and gold lower. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.68% yield, one month change +13 and -60 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors Utilities, Consumer Goods and Healthcare.

Weak Sectors Conglomerates, Energy and Materials.

One month winners Technology, Conglomerates, Financials and Consumer Goods.

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 Expected

Earnings due after the close (by avg. trade volume): ORCL.Due Friday morning (by avg. trade volume descending): none of note.

Rags & Mags: Inside Wall Street

Bloomberg: 8 years ago Lehman failed. Oil is struggling to move above $44. Lots of economic data ahead of the Federal Reserve Open Market Committee next week. Current bond market selloff is much like the Taper Tantrum. Gold is a scary hold for a former gold bull.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): KR +.02 MFRM -.08.Missing: .

Lower Guidance: .

Current Morning missing: .

Mixed Guidance: .

Positive Guidance: .

Data Points

Yesterday saw 1418 stocks rise and 1565 fall on the NYSE. NASDAQ saw 1393 rise and 1431 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 July 8th.

YTD 4542 stocks are higher for 2016 and 2011 are lower. Updated 8/19/16 close.

Economics

August PPI is due out at 8:30 a.m. EDT and is expected to rise to 0.1% from -0.4%.August Retail Sales are due out at 8:30 a.m. EDT and are expected to fall to -0.1% from 0%.

At 9:15 a.m. EDT, August Industrial Production is due out and expected to drop to -0.2% from 0.7%

Politico

The Bank of England announced its latest interest rate decision with no change (see Articles That Matter).

Conference & Analyst Meetings

Meetings or announcements of note, VIAV CRTO EVDY TECH GT. BMO Capital Markets Bakc To School Education Conference. UBS Best of Americas Conference.

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