The Day Ahead And After The Close News For February 26th

by Geoff Garbacz | 02/26/2016 09:30 AM
The Day Ahead And After The Close News For February 26th

In After Hours Trading

No IPOs on deck today. Secondaries on deck today DRIO NFX SABR STOR.In After Hours Trading: ADSK +.10 EOG +.04 HLF +.25 SPLK +.03 STMP +.62 WTW -.05.

Lower Guidance: HLF.

What's Happening This Morning

U.S. futures: S&P +8, Dow Jones +70, NDX +22.75 and Russell 2000 +5.40 with fair value flat. Asia and Europe higher.Copper higher with silver and gold lower. WTI Crude and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.74% yield +1, one month change -26 and -30 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors All.

Weak Sectors None of note.

One month winners Basic Materials and Utilities.

Three Month Winners Utilities.

Six Month Winners Utilities.

One Year Winners none of note.

Year To Date Utilities.

Earnings Expected

Earnings due after the close (by avg. trade volume): BRKB.Due Monday morning (by avg. trade volume descending): IPI LL TASR VRX.

Rags & Mags: Inside Wall Street

Bloomberg: People's Bank of China (PBOC) moved to a slight easing bias. Europe in rally mode despite poor numbers from RBS. Japan sees decline in population for the first time since 1920.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): AMT +.09 FL +.04 HSC +.06 KBR +.05 RDC +.20 BID +.05.Lower Guidance: HSC.

Current Morning missing: none of note.

Data Points

Yesterday saw 2273 stocks rise and 774 fall on the NYSE. NASDAQ saw 1702 rise and 1102 fall.

The SP 500 is back above its 50 day exponential moving average and 200 day exponential moving average. The Russell 2000 is back below its 50 day moving exponential average and still below its 200 day exponential moving average.

The 10 day spread moving average of breadth is back to cash as of last Friday's close. The Madison Market Timing Indicator is still invested.

YTD 1721 stocks are higher for 2016 and 4953 are lower. Updated 1/29/16 Close.


Q4 GDP is released at 8:30 a.m. EST and is expected to move to 0.5% from 0.7%.January Personal Income is due out at the same time and is expected to rise to 0.4% from 0.3%.

At 10:00 a.m. EST February Michigan Sentiment is due out and expected to fall to 91 from 91.7.


Germany and Greece have its credit rating reviewed by Moody’s. G-20 meets over the weekend.

Conference & Analyst Meetings

Meetings or announcements of note ETN ARPI.

Conference of Note

The Mobile World Congress begins in Barcelona, Spain.

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