IPOs on deck Osmotica Pharmaceuticals (OSMT), PhasBio Pharmaceuticals (PHAS) and Studio City International (MSC). Secondaries of note ACRS GMO VJET.
Filings after close .
data courtesy of IPO Financial
In After Hours Trading: SURPRISES AA +.29 URI +.19 CCK +.06 UMPQ +.04 TBK +.04 CCI +.04 STLD +.03 CNS +.02. FLAT: MISSED: KALU -.12 TCBI -.03.
Lower Guidance: CCK.
Mixed Guidance: CCI URI.
Positive Guidance: UAL CSX.
Gold,silver and copper lower. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury price 117.89 with yields flat since last yesterday. Prices as of 8:15 a.m. EDT.
Top Sectors Financials and Healthcare.
Weak Sectors Basic Materials and Industrials along with Technology.
One month winners Healthcare,Consumer Goods, Services and Technology.
Three Month Winners Healthcare, Consumer Goods, Services and Technology.
Six Month Winners Conglomerates, Services and Technology.
One Year Winners All except for Utilities.
Year To Date Conglomerates, Healthcare and Services.
Earnings due Friday morning: PG HON SLB VFC STT STI RCI SYF CFG KSU IPG GNTX MAN IBKC CLF.
Constellation Brands (STZ) to step down in March. (CNBC)
Housing stocks having worst year since 2008. (CNBC)
Treasury stops short of calling China a currency manipulator. (NYT)
Trump stresses to stay aligned with Saudis despite Khashoggi incident. (WSJ)
Lower Guidance: none of note.
Current Morning missing: .
Mixed Guidance: WBC DHR .
Positive Guidance: POOL.
Yesterday saw 1069 stocks rise and 1815 fall on the NYSE. NASDAQ saw 1260 rise and 1749 fall.
The SP 500 is now well below its 50 day exponential moving average and is back above its 200 day exponential moving average. The Russell 2000 is below its 50 day moving exponential average and 200 day exponential moving average.
The 10 day spread moving average of breadth is in cash. The Madison Market Timing Indicator is still invested.
YTD 41% of stocks are higher and 59% are lower. Updated 10/12/18 close.
September Leading Indicators are due out at 10:00 a.m. EDT and are expected to rise to 0.5% from 0.4%.
The Philadelphia Fed Manufacturing Business Outlook Survey is due out and is expected to fall to 20 from 22.90.
Weekly Natural Gas inventories are due out at 10:30 a.m. EDT.
Federal Reserve Vice Chairman Randal Quarles speaks at 12:00 p.m EDT to the New York Economics Club.
BIO Investor Forum.
|Goldman Sachs||FLR||MXIM ADI|
|Citigroup CC Merrill Lynchp|
|Banc of America|