The Day Ahead And News From After The Close On May 5th

by Geoff Garbacz | 05/05/2016 07:57 AM
The Day Ahead And News From After The Close On May 5th

In After Hours Trading

All 4 IPOs on deck this week are due up today with CPP NTLA ONS SBPH.In After Hours Trading: ATVI +.11 RATE +.03 CYBR +.07 DWA +.16 FEYE +.03 FISV +.04 HLF +.27 MTZ +.04 MDR +.11 MELI +.11 PKI +.05 POST +.46 QLGC +.05 DATA +.10 WYNN +.25 YELP +.05.

Lower Guidance: .

Mixed Guidance: CYBR FEYE.

What's Happening This Morning

U.S. futures: S&P -6.50, Dow Jones -48, NDX -13 and Russell 2000 -2.30 with fair value lower. Asia and Europe lower.Copper,silver and gold higher. WTI Crude higher and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.74% yield -5, one month change -1 and -50 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors none.

Weak Sectors all.

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): CCJ RIGP KRO MTSN.Due Monday morning (by avg. trade volume descending): IPI JD PETS RBA BID STWD XEL.

Rags & Mags: Inside Wall Street

Bloomberg: Today is Jobs Friday and the estimate is 200,000 jobs to be added month over month. Meanwhile the dollar is having its best week in six months. Wall Street is reducing jobs as Goldman Sachs cuts 10% of fixed income staff and BNP Paribas reduces head count in Asia. Chinese banks may need to raise more capital with new shadow lending rules. Oil is set for its first down week in a month

Reported Earnings This MorningReported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): CI +.17 XRAY +.07 SSP +.06 WY +.04.Lower Guidance: NHI.

Current Morning missing: .

Mixed Guidance: .

Data Points

Yesterday saw 1418 stocks rise and 1553 fall on the NYSE. NASDAQ saw 1016 rise and 1776 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.


April Nonfarm Payrolls is due out at 8:30 a.m. EDT and is expected to fall to 200,000 from 215,000.The April Unemployment Rate is expected to remain at 5.0%.


None of note.

Conference & Analyst Meetings

Meetings or announcements of note none of note. Piper Jaffray Financial Institutions Conference.

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