March 22, 2016
In After Hours Trading
IPOs on deck this week include Spring Bank Pharmaceuticals (SBPH) and Corvus Pharmaceuticals (CRVS). Secondaries on deck today AGRO CTRE CXO.In After Hours Trading: MFRM -.03 NQ +.43.
Lower Guidance: none of note.
What's Happening This Morning
U.S. futures: S&P -6.75, Dow Jones -40, NDX -16.50 and Russell 2000 -5.250 with fair value flat. Asia lower ex Japan and Europe lower.Copper lower with silver and gold higher. 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 1.90% yield +2, one month change +13 and -5 one year change. Prices as of 7:45 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): NKE RHT CTAS SCS KKD.Due Wednesday morning (by avg. trade volume descending): GIS WOR FRED.
Rags & Mags: Inside Wall Street
Bloomberg: Investors have moved to Treasuries and German bonds post the Brussels terrorist attacks. The British Pound sold off on the terrorist act on concerns this act will push voters to move out of the EU. Apple (AAPL) iPhone case was suspended. Why voters around the world are angry.
Reported Earnings This Morning
Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): GIII -.25.Lower Guidance: GIII.
Current Morning missing: none of note.
March 22, 2016