March 17, 2016
In After Hours Trading
IPOs on deck this week Spring Bank Pharmaceuticals. Secondaries on deck SLCA SALT ALGN MDLZ.In After Hours Trading: FDX +.16 GES -.02 MLHR +.07 JBL -.02 SLW +.01 WSM -.06.
Lower Guidance: JBL WSM.
What's Happening This Morning
U.S. futures: S&P -2.25, Dow Jones -23, NDX -11.25 and Russell 2000 -2.50 with fair value higher hurting gains. Asia mixed and Europe lower.Copper, silver and gold higher. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.87% yield -9, one month change +5 and -18 one year change. Prices as of 7:50 a.m. EDT.
Top Sectors Conglomerates, Basic Materials, Technology and Utilities.
Weak Sectors Healthcare.
One month winners Conglomerates, Technology, Basic Materials, Industrials and Services.
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): ADBE CTAS TRQ MFRM TFM SCVL NWY.Due Friday morning (by avg. trade volume descending): TIF CXLG GMAN.
Rags & Mags: Inside Wall Street
Bloomberg: Fed dovish action leads to dollar falling. Brazil political crisis worsens as former president Luiz Inacio Lula da Silva was placed in Rousseff's cabinet so he would avoid prosecution for actions related to Petrobras. Saudi Aramaco splits assets with Shell as it prepares IPO.
Reported Earnings This Morning
Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): CATO +.08 IGT +.18 LE -.02 MIK +.03.Lower Guidance: CATO MIK.
Current Morning missing: none of note.
March 17, 2016