The Day Ahead & News From Overnight July 14th

by Geoff Garbacz | 07/15/2016 09:22 AM
The Day Ahead & News From Overnight July 14th

In After Hours Trading

IPOs on deck today AdvancePierre Food Holdings (APFH) and Conyers Park Acquisition (CPAAU). Secondaries on deck today CNCO CYTR.In After Hours Trading: RECN +.02.

Lower Guidance: .

Mixed Guidance: .

Positive Guidance: .

What's Happening This Morning

U.S. futures: S&P +3.00, Dow Jones +28, NDX +3 and Russell 2000 +2.50 with fair value lower. Asia higher and Europe lower but off the lows.Copper higher with silver lower and gold higher. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury yield at 1.54% yield +0, one month change -3 and -81 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors Financials, Energy, Materials 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 Expected

Earnings due after the close (by avg. trade volume): none of note.Due Monday morning (by avg. trade volume descending): BAC CALM SCHW HAS JBHT PETS.

Rags & Mags: Inside Wall Street

Bloomberg: A terrorist attack left ove 80 dead in Nice, France. More analysts see a move to $40 oil.Reported Earnings This MorningReported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): INFY -.11 PNC +.07 USB +.02.Missing: C WFC.

Lower Guidance: .

Current Morning missing: .

Mixed Guidance: .

Data Points

Yesterday saw 1727 stocks rise and 1288 fall on the NYSE. NASDAQ saw 1562 rise and 1272 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.


June Retail Sales are due out at 8:30 a.m. EDT and are expected to fall to 0.2% from 0.5%.June CPI is due out at 8:30 a.m. EDT as well and is expected to rise to 0.3% from 0.2%.

June Industrial Production is due out at 9:15 a.m. EDT and is expected to improve to 0.2% from -0.4%.

July Michigan Sentiment is due out at 10:00 a.m. EDT and is expected to fall to 93 from 94.3.


Bank of England Governor Mark Carney will speak in Toronto. Finally, Federal Reserve Minneapolis President Neel Kashkari will speak at 5:30 p.m. EDT.

Conference & Analyst Meetings

Meetings or announcements of note none.

Conference of Note

Farnborough International Airshow

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