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The Day Ahead & News From August 8th After The Close

  • Wall Street Rebel | Geoff Garbacz
  • 08/09/2016 07:56 AM
The Day Ahead & News From August 8th After The Close

In After Hours Trading

5 IPOs on deck this week. Secondaries On Deck Today AKR BGS BMRN EKSO FOXF IAG PEGI PSXP SM TSE VTTI WING.

In After Hours Trading: AMPH +.19 NILE -.03 BOJA +.04 CAI - .18 CLVS +.04 CSC +.08 DVA +.03 HTZ -.12 IFF +.07 KITE -.07 PHH +.26RAX +.06 RBA -.07 SINA +.11 WB +.05.

Lower Guidance: .

Mixed Guidance: .

Positive Guidance: .

What's Happening This Morning

U.S. futures: S&P +2.25, Dow Jones +21, NDX +6.25 and Russell 2000 +1.90 with fair value a bit lower. Asia higher ex Hang Sang and Europe higher.Copper lower with silver and gold lower. WTI Crude and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.58% yield -1, one month change +22 and -59 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors Conglomerates, Financials, Energy and Materials.

Weak Sectors Healthcare.

One month winners Basic Materials, Energy, Industrial Goods and Health Care.

Three Month Winners Energy, Materials, Healthcare and Utilities.

Six Month Winners Energy, Materials, Utilities and Industrial Goods.

One Year Winners Utilities, Technology and Industrial Goods.

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

Earnings Expected

Earnings due after the close (by avg. trade volume): DIS MYL MDVN JAZZ VSAT XON YELP SCTY among others. Due Wednesday morning (by avg. trade volume descending): JD PRGO KORS RL WEN KELYA.

Rags & Mags: Inside Wall Street

Bloomberg: The Reserve bank of India left rates unchanged. U.K. data shows continued weakening data. A year after Yuan decline in China began some see chance for a crash still.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): COH +.04 JEC +.03 PPL +.03 SNI +.08 VRX -.08 W -.03 ZBRA +.29.Missing: .

Lower Guidance: .

Current Morning missing: .

Mixed Guidance: .

Positive Guidance: VRX.

Data Points

Yesterday saw 1693 stocks rise and 1256 fall on the NYSE. NASDAQ saw 1365 rise and 1498 fall.

The SP 500 is back above its 50 day exponential moving average and its 200 day exponential moving average. The Russell 2000 is above its 50 day moving exponential average and its 200 day exponential moving average.

YTD 4126 stocks are higher for 2016 and 2456 are lower. Updated 7/8/16 close.

Economics

Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and PPI, retail sales and Michigan Sentiment. Monthly data all due on Friday.

Conference & Analyst Meetings

Meetings or announcements of note ORLY. Jefferies Industrial Conference. Oppenheimer Annual Technology Internet and Communications Conference. UBS Financial Services Conference.

Conference of Note

Flash Memory Summit 2016 features NMBL MU.

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