March 10, 2016
In After Hours Trading
IPOs on deck today none of note. Secondaries on deck GPOR BGS LNCE TVPT.In After Hours Trading: BOX +.03 SQ -.17.
Lower Guidance: FRPT TLGT.
What's Happening This Morning
U.S. futures: S&P +9.50, Dow Jones +64, NDX +20 and Russell 2000 +5 with fair value lower helping gains. Asia mixed and Europe higher into the ECB.Copper, silver and gold lower. WTI Crude higher and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury yield at 1.87% yield +2, one month change +16 and -31 one year change. Prices as of 7:55 a.m. EDT.
Top Sectors Basic Materials, Technology and Utilities.
Weak Sectors none of note.
One month winners Conglomerates, Basic Materials , Industrials, Services and Financials.
Three Month Winners Utilities.
Six Month Winners Utilities, Technology, Industrial Goods and Consumer Services.
One Year Winners Utilities.
Year To Date Utilities, Conglomerates.
Earnings due after the close (by avg. trade volume): ULTA PAY FNSR TFM ZUMZ LOCO BOJA MED TNGO JMBA ABTL.Due Friday morning (by avg. trade volume descending): BKE GCO HIBB CTRN KIRK.
Rags & Mags: Inside Wall Street
Reported Earnings This MorningReported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): DG +.04 MTN +.18.Lower Guidance: None of note.
Current Morning missing: none of note.
Yesterday saw 2106 stocks rise and 899 fall on the NYSE. NASDAQ saw 1697 rise and 1154 fall.
The SP 500 is back above its 50 day exponential moving average but now below the 200 day exponential moving average. The Russell 2000 is back above 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 invested. The Madison Market Timing Indicator is still invested.
YTD 3075 stocks are higher for 2016 and 3351 are lower. Updated 3/4/16 Close.
Natural Gas inventories are due out at 10:30 a.m. EST.
The European Central Bank (ECB) will release its latest interest rate update. Then at 8:30 a.m. EST ECB Head Mario Draghi will speak at 8:30 p.m. EST.
Conference & Analyst Meetings
Meetings or announcements of note AXP UTX ASPS OCN TISI ACIW WU WST G. JP Morgan Aviation Transportation and Industrials Conference. UBS Global Consumer Conference. JP Morgan Gaming Lodging Restaurant & Leisure Mgmt Access Forum.
March 10, 2016