March 7, 2016
In After Hours Trading
IPOs on deck this week KLR Energy Acquisition. Secondaries on deck so far UDR.In After Hours Trading: none of note.
Lower Guidance: .
What's Happening This Morning
U.S. futures: S&P -6.75, Dow Jones -36, NDX -16.25 and Russell 2000 -4.00 with fair value higher worsening losses. Asia mixed and Europe lower.Copper lower with silver and gold slightly higher. WTI Crude higher and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.90% yield +3, one month change +7 and -34 one year change. Prices as of 7:55 a.m. EDT.
Top Sectors Conglomerates, Basic Materials, Utilities and Consumer 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): CASY URBN THO SSW UNFI SHAK ORIG JONE.Due Tuesday morning (by avg. trade volume descending): DKS NAV BNED MVIS.
Rags & Mags: Inside Wall Street
Bloomberg: China sees foreign exchange reserves fell less than expected. This week all eyes are focused on ECB Head Mario Draghi and his further stimulus measures. China to overhaul tax system to give more deductions. Hing Kong home sales tumble 70% year over year.
USA Today: North Korea threatens strikes on U.S. and South Korea. 40% of all stocks still in a bear market. United CEO to return to work next week.
CNBC Early Stories & Movers: Hackers executed first ransom attack against Apple (AAPL) Macintosh. Walt Disney's (DIS) Zootopia led the box office with $73.7 million in North America ticket sales. Amazon (AMZN) will restore encryption to its Kindle Fire tablets.
Reported Earnings This Morning
Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]):TACO -.05 SUP +.04.Lower Guidance: TACO.
Current Morning missing: none of note.
March 7, 2016