The Day Ahead And News From After The Close For May 2nd

by Geoff Garbacz | 05/03/2016 07:55 AM
The Day Ahead And News From After The Close For May 2nd

In After Hours Trading

4 IPOs on deck this week with secondaries from ALLY AYTU COMM EQT INCR PRAH UCBI today.In After Hours Trading: AFG +.07 AIG -.35 APC +.06 CGNX +.05 FMC +.05 FN +.03 IDTI +.03 SBAC +.06.

Lower Guidance: .

Mixed Guidance none of note.

What's Happening This Morning

U.S. futures: S&P -14.75, Dow Jones -119, NDX -31.25 and Russell 2000 -10.90 with fair value lower. Asia lower ex China and Europe lower.Copper, silver and gold lower. WTI Crude higher and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.81% yield -3, one month change +4 and -30 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors Utilities.

Weak Sectors All others.

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 Expected

Earnings due after the close (by avg. trade volume): CBS ILMN DVN VRSK AGU WU NFX JKHY.Due Tuesday morning (by avg. trade volume descending): BUD PCLN TWX ICE HUM ZTS NBL MOS CVC CDW HAIN.

Rags & Mags: Inside Wall Street

Bloomberg: The Reserve Bank of Australia cut interest rates which was unexpected. European banks put up weak numbers. The U.S. Dollar continues to fall hitting its lowest level in almost a year. Monthly auto sales is out today.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): ADM -.03 CLX +.11 CMI +.09 EMR +.03 ECA -.03 EXAS +.03 HAL +.03 HRS +.06 IMS +.04 TAP +.11 PFE +.12 RRD +.04 SMG +.68 VLO -.05.

.Lower Guidance: HRS.

Current Morning missing: .

Mixed Guidance: .

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