March 15, 2016
In After Hours Trading
IPOs on deck this week Spring Bank Pharmaceuticals. Secondaries on deck CBPX NVIV.In After Hours Trading: AYA +.10 ESI +.35 JMBA -.21 MNKD -.61 RST +.14.
Lower Guidance: none of note.
What's Happening This Morning
U.S. futures: S&P -10, Dow Jones -67, NDX -13 and Russell 2000 -5.70 with fair value higher hurting gains. Asia lower ex China and Europe lower.Copper, silver and gold lower. WTI Crude and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.93% yield -5, one month change +18 and -18 one year change. Prices as of 7:50 a.m. EDT.
Top Sectors Services
Weak Sectors Basic Materials, Energy and Conglomerates.
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): ORCL FOGO.Due Wednesday morning (by avg. trade volume descending): CMCM ATU ARCO.
Rags & Mags: Inside Wall Street
Bloomberg: Crude is lower by 2.8% this morning following yesterday's loss of 2.1%. Industrial metals dropping as well. Fed Vice Chairman Stanley Fischer and Fed Governor Lael Brainard are battling for influence on Fed Vice Chairman Janet Yellen. Traders bet volatility will jump again. Could Trump have enough delegates after today to take the nomination.
Reported Earnings This Morning
Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): BONT -.15 DSW +.07 FDS +.11 HDS +.03 JASO -.19 PLCE +.08 VRX -.12.Lower Guidance: VRX.
Current Morning missing: none of note.
March 15, 2016