In After Hours Trading
No IPOs on deck today with secondaries from AKS BIOC BRX HCLP NXPI PEYUF RXDX TBPH WRE.In After Hours Trading: AMZN +.47 BIDU +.03 COLM +.06 GNW +.06 LNKD +.14 P +.10 SPN +.11 .
Lower Guidance: .
Mixed Guidance none of note.
What's Happening This Morning
U.S. futures: S&P -2.75, Dow Jones -13, NDX -11.75 and Russell 2000 -2.30 with fair value lower. Asia lower ex Hang Seng and Europe lower.Copper, silver and gold higher. WTI Crude and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.84% yield +2, one month change +4 and -20 one year change. Prices as of 7:55 a.m. EDT.
Top Sectors Conglomerates.
Weak Sectors Financials, Services and Technology.
One month winners Conglomerates, Technology, Basic Materials, Industrials and Services with no sectors lower.
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): CLUB VNR.Due Monday morning (by avg. trade volume descending): HP SYY DO L MCY.
Rags & Mags: Inside Wall Street
Bloomberg: Dollar weakness continues. Earnings continue to be decent with AMZN and LNKD beating numbers. Goldman Sachs predicts bonds to fall and Morgan Stanely sees bond prices rising.
Reported Earnings This Morning
Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): ALV +.14 CTB +.08 PSX -.20 TRP +.04 VFC +.03.Lower Guidance: .
Current Morning missing: none of note.
Mixed Guidance: BEAV DRQ WYN.
Yesterday saw 1038 stocks rise and 1938 fall on the NYSE. NASDAQ saw 953 rise and 1868 fall.
The SP 500 is back above its 50 day exponential moving average and 200 day exponential moving average. The Russell 2000 is back above its 50 day moving exponential average and now above 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 3792 stocks are higher for 2016 and 2879 are lower. Updated 4/1/16 close.
March Personal Income is due out at 8:30 a.m. EDT and is expected to rise to 0.3% from 0.2%.At 9:45 a.m. EDT, April Chicago PMI is due out and is expected to fall to 53 from 53.6.
April Michigan Sentiment (final) is expected to rise to 90.2 from 89.7.
Federal Reserve Dallas President Rob Kaplan will speak at 6:30 a.m. EDT.
Conference & Analyst Meetings
Meetings or announcements of note none of note.
Conference of Note
Auto China 2016M & A NewsRovi (ROVI) to buy Tivo (TIVO) for $10.70 a share.
In After Hours Trading