March 23, 2016
In After Hours Trading
IPOs on deck this week include Spring Bank Pharmaceuticals (SBPH) and Corvus Pharmaceuticals (CRVS). Corvus is pricing today. Secondaries on deck today CPXX MIK SHLX.In After Hours Trading: CTAS +.10 XONE +.08 NKE +.07 RHT +.05 WOR -.07.
Lower Guidance: KKD. Mixed Guidance CTAS FIVE RHT SCS.
What's Happening This Morning
U.S. futures: S&P +1.25, Dow Jones +3, NDX +2.25 and Russell 2000 +0.00 with fair value a tad lower. Asia lower ex China and Europe higher.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 +3, one month change +21 and +3 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): PVH FUL KBH .Due Thursday morning (by avg. trade volume descending): ACN SIG CMC SCHL FINL WGO.
Rags & Mags: Inside Wall Street
Bloomberg: Credit Suisse to cut 2,000 jobs. 63 world stock indexes are now in bull markets from the January plunge with 10 more "poised" to join them. U.S> Dollar higher for a fourth day. Bank of England (BOE) starting to feat Brexit vote. Trump and Cruz each won a single primary on Tuesday. Federal Reserve's Yellen may see 2% inflation goal if you look at Treasury yields.
Reported Earnings This Morning
Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): FRED -.02 GIS +.03.Lower Guidance: .
Current Morning missing: none of note.
March 23, 2016