March 3, 2016
In After Hours Trading
IPOs on deck Jensyn Acquisition (JSYNU) still as did not price yesterday and Syndax Pharmaceuticals (SNDX). Secondaries on deck BANC PRAH TSLX.In After Hours Trading: ALOG +.14 COST -.04 WB +.02.
Lower Guidance: .
What's Happening This Morning
U.S. futures: S&P -1.50, Dow Jones -12, NDX -3.00 and Russell 2000 +1.60 with fair value a bit lower. Asia higher ex the Hang Seng and Europe lower ex Great Britain.Copper higher with silver lower and gold higher. WTI Crude higher and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury yield at 1.85% yield +1, one month change -3 and -27 one year change. Prices as of 7:55 a.m. EDT.
Top Sectors Conglomerates, Basic Materials, Financials, Utilities and Industrial Goods.
Weak Sectors Services.
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): AVGO HRB COO YY MENT SWHC TFM BLDR.Due Friday morning (by avg. trade volume descending): SPLS BIG TAX.
Rags & Mags: Inside Wall Street
Bloomberg: U.K. PMI Services drops to lowest level since 2013. Former CEO of Chesapeake Energy (CHK) Aubrey McClendon dies in a car crash. China's Annual Policy Meeting begins this weekend. What number will they pull out of thin air? The longest stock rally since October seems to be fading. What we need from Friday's jobs report.
Reported Earnings This Morning
Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]):BURL +.03 CNQ +.08 JOY -.10 SSI -.15 TECD +.21 TSL +.15 USCR +.31.Lower Guidance: SSI.
Current Morning missing: KR.
March 3, 2016