The Day Ahead & News From After The Close For June 21st
In After Hours Trading
IPOs on deck today Selecta Biosciences (SELB). Secondaries on deck for today COT PRTK QEP.In After Hours Trading: ADBE +.03 FDX +.02 KBH +.01 LZB +.04.
Lower Guidance: .
Mixed Guidance: ADBE.
Positive Guidance: .
What's Happening This Morning
U.S. futures: S&P +1.25, Dow Jones +9, NDX +8.00 and Russell 2000 +2.60 with fair value lower. Asia higher ex China and Europe higher.Copper higher with silver and gold lower. WTI Crude and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.70% yield +2, one month change -14 and -68 one year change. Prices as of 7:55 a.m. EDT.
Top Sectors Basic Materials, Financials, Technology, Consumer Goods and Utilities.
Weak Sectors Conglomerates.
One month winners Utilities, Technology, Industrial Goods and Basic Materials.
Three Month Winners Basic Materials, Healthcare and Utilities.
Six Month Winners Basic Materials, Utilities, Industrial Goods and Consumer Goods.
One Year Winners Utilities, Technology and Industrial Goods.
Year To Date Utilities, Basic Materials, Industrial Goods and Consumer Goods.
Earnings due after the close (by avg. trade volume): APOG BKS BBBY FUL MLHR RHT SCS.Due Thursday morning and after the close (by avg. trade volume descending): ACN BBRY CMC MEI.
Rags & Mags: Inside Wall Street
Bloomberg: Federal Reserve Chairman Yellen continues her Humphrey Hawkins testimony before the House Financial Services Committee. Overseas markets are calm a day before the Brexit vote. Japan may move to fiscal from monetary policy to jump start the economy.
Reported Earnings This Morning
Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): ATU +.03 WGO +.08.Lower Guidance: ATU.
Current Morning missing: .
Mixed Guidance: .
Yesterday saw 1680 stocks rise and 1289 fall on the NYSE. NASDAQ saw 1187 rise and 1599 fall.
The SP 500 is back above its 50 day exponential moving average and is still above 200 day exponential moving average. The Russell 2000 is back above its 50 day moving exponential average and its 200 day exponential moving average.
The 10 day spread moving average of breadth is back to cash this morning. The Madison Market Timing Indicator is still invested.
YTD 4112 stocks are higher for 2016 and 2472 are lower. Updated 6/10/16 close.
Crude Oil Inventories are due out at 10:30 a.m. EDT.
Federal Reserve Chairman Janet Yellen concludes two days of testimony with the House Financial Services Committee, starting at 10:00 a.m. EDT.The Bank of Japan releases meeting minutes from its last meeting.
Conference & Analyst Meetings
Meetings or announcements of note SMTC BBD IGT. JMP Securities Life Sciences Conference. Jefferies Global Consumer Conference. Credit Suisse MLP & Energy Logistics Conference. Oppenheimer Annual Global Consumer Conference. Wells Fargo West Coast Energy Conference.Conference of NoteMidwest Investment Conference