March 21, 2016
In After Hours Trading
IPOs on deck this week include Spring Bank Pharmaceuticals (SBPH) and Corvus Pharmaceuticals (CRVS). Secondaries on deck this week, none of note.In After Hours Trading: none of note.
Lower Guidance: none of note.
What's Happening This Morning
U.S. futures: S&P -1.50, Dow Jones -8, NDX -2.25 and Russell 2000 -2.20 with fair value higher hurting gains. Asia higher ex Japan which is closed and Europe higher.Copper higher with silver and gold lower. WTI Crude 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 1.88% yield +1, one month change +13 and -5 one year change. Prices as of 7:55 a.m. EDT.
Top Sectors Healthcare, Industrial Goods and Financial.
Weak Sectors Conglomerates and Utilities.
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): MFMR NQ YY. Due Tuesday morning (by avg. trade volume descending): GIII.
Rags & Mags: Inside Wall StreetBloomberg: China PBOC Governor warned corporate debt too high. Iron Ore up 4.8% overnight. Apple (AAPL) to launch new iPhone with a 4 inch screen. Brazil remains volatile.
Reported Earnings This Morning
Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): IHS +.05.Lower Guidance: none of note.
Current Morning missing: none of note.
March 21, 2016