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The Day Ahead And News From After The Close June 1st

  • Wall Street Rebel | Geoff Garbacz
  • 06/02/2016 09:16 AM
The Day Ahead And News From After The Close June 1st

In After Hours Trading

IPOs on deck Clearside Biomedical and Nant Health. Secondaries up today CNX DEA.In After Hours Trading: WUBA +.15 ALOG -.08 BOX +.06 GWRE +.08 OLLI +.04 SMTC +.02.

Lower Guidance: .

Mixed Guidance: BOX OLLI.

Positive Guidance: .

What's Happening This Morning

U.S. futures: S&P -1.25, Dow Jones -9, NDX -1.50 and Russell 2000 -1.00 with fair value lower. Asia higher ex Hong Kong and Europe higher ex FTSE.Copper lower with silver and gold higher. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.83% yield +1, one month change -4 and -43 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors Conglomerates, Basic Materials and Healthcare.

Weak Sectors Services.

One month winners Technology and Healthcare.

Three Month Winners Basic Materials.

Six Month Winners Utilities, Industrial Goods and Basic Materials.

One Year Winners Utilities, Technology and Industrial Goods.

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

Earnings Expected

Earnings due after the close (by avg. trade volume): BRCM COO MRVL ZUMZ CMTL BV SB.Due Friday morning (by avg. trade volume descending): none of note.

Rags & Mags: Inside Wall Street

Bloomberg: Fractures appear at the latest OPEC meeting. Iron Ore is about to turn negative for the year giving up all the gains it had attained.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): CIEN +.07 CONN -.43 DCI +.04 JOY +.10.

Lower Guidance: HOV SFUN.

Current Morning missing: .

Mixed Guidance: .

Data Points

Yesterday saw 1985 stocks rise and 1014 fall on the NYSE. NASDAQ saw 1763 rise and 1063 fall.

Economics

The May ADP Payrolls Report is released before the market opens.Challenger, Gray & Christmas announces the results of its latest job cuts survey.

Weekly Crude and Natural Gas Inventories due out at 8:30 a.m. EDT.

Politico

The European Central Bank (ECB) released its latest interest rate update and press conference followed at 8:30 a.m. EDT.

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