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The Day Ahead And New From The Weekend May 28-30

  • Wall Street Rebel | Geoff Garbacz
  • 05/27/2016 09:55 AM
The Day Ahead And New From The Weekend May 28-30

In After Hours Trading

IPOs on deck today none of note. Secondaries up today BGSF FDUS IPCI UNXL.In After Hours Trading: DECK +.05 GME +.05 ULTA +.16 VEEV +.04.

Lower Guidance: DECK.

Mixed Guidance: GME SPLK ULTA VEEV.

Positive Guidance: PVH.

What's Happening This MorningU.S. futures: S&P +1.75, Dow Jones +15, NDX +7 and Russell 2000 +1.00 with fair value lower. Asia higher ex China and Europe mixed.Copper higher and silver and gold lower. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.83% yield -3, one month change -3 and -30 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors Utilities, Consumer Goods, Technology and Services.

Weak Sectors Conglomerates, Basic Materials and Financials.

One month winners Utilities.

Three Month Winners All Sectors.

Six Month Winners Utilities, Industrial Goods and Basic Materials.

One Year Winners Utilities.

Year To Date Utilities, Basic Materials, Industrial Goods and Consumer Goods.

Earnings ExpectedEarnings due after the close (by avg. trade volume): none of note.Due Tuesday morning (by avg. trade volume descending): AMSC BNS LPG MDT TNP.

Reported Earnings

This MorningReported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): BIG +.12 JASO +.05 JKS +.65.Lower Guidance: .

Current Morning missing: .

Mixed Guidance: BIG.

Data Points

Yesterday saw 1551 stocks rise and 1449 fall on the NYSE. NASDAQ saw 1271 rise and 1505 fall.

The SP 500 is back above its 50 day exponential moving average and is still above 200 day exponential moving average. The Russell 2000 is back above its 50 day moving exponential average and its 200 day exponential moving average.

The 10 day spread moving average of breadth is back to cash. The Madison Market Timing Indicator is still invested.

YTD 3880 stocks are higher for 2016 and 2748 are lower. Updated 5/6/16 close.

Economics

Q1 GDP (revised) is due out at 8:30 a.m. EDT and is expected to rise to 0.9% from 0.5%.May Michigan Sentiment (final) is due out at 10:00 a.m. EDT and is expected to fall to 95.5 from 95.8.

Politico

Federal Reserve Chairman Janet Yellen will speak at 1:15 9.m. EDT.

Conference & Analyst Meetings

Meetings or announcements of note BXLT. Goldman Sachs European Oil Services Symposium.Conference of Note

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