May 2, 2016
In After Hours Trading
4 IPOs on deck this week with secondaries from AYTU.In After Hours Trading: none of note.
Lower Guidance: .
Mixed Guidance none of note.
What's Happening This Morning
U.S. futures: S&P +6.25, Dow Jones +49, NDX +10.50 and Russell 2000 +5.30 with fair value lower. Asia lower and Europe higher ex Great Britain.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 1.81% 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 due after the close (by avg. trade volume): AIG APC GGP VNO SBAC FMC TXRH OLN CYH.Due Tuesday morning (by avg. trade volume descending): PFE CVS DUK EL HAL EMR ECL HCA VLO IMO FMS.
Rags & Mags: Inside Wall Street
Bloomberg: Puerto Rico will default on a $422 million bond payment. Gold has moved above $1300 this morning. Over the weekend, Warren Bufet was critical of hedge funds, Valeant Pharmaceuticals (VRX) and bank derivative holdings.
Reported Earnings This Morning
Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): BWP +.06 CNA +.02 DO +.36 HP +.43 L -.22.Lower Guidance: .
Current Morning missing: SYY.
Mixed Guidance: L.
May 2, 2016