In After Hours Trading
We expect filings and pricings during the week for secondaries but right now nothing on tap.
ARAY (+.01) AVAV (-.23) AVGO (+.08) DY (-.01) HEI (+.04) TIVO (+2.09) WDAY (+.05).
What’s Happening This Morning
US futures: (S&P -2, Dow Jones -8, NDX -1.75 with fair value slightly lower helping the open. Asia and Europe lower. Copper lower and gold higher with WTI Crude higher and Brent Oil Futures higher. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury Yield +2. Prices as of 7:55 a.m. EST.
Due after the close WSM GEF TFM GES GAME OFIX TLYS CWST CSTM. Due tomorrow morning RY TD CPB PLL SIG BIG TECD GCO LRN BRLI FRED FLWS JASO COCO.
Rags & Mags: Inside Wall Street
We are back to our own coverage of the major papers:
NY Times: WEBSITE DOWN DUE TO HACKING.
Wall Street Journal: Many retailers are struggling to crack online market. U.K. pushes for Syria action. Rout is emerging markets continues. Williams Sonoma vulnerable on earnings report today.
USA Today: U.K. prepares U.N. for resolution. Fear trade takes hold on Wall Street.
Reported Earnings This Morning
AMAP(-.05) CHS (-.05) FRO (-1.06) JOY (+.34) ZLC (+.08)
Thursday saw 602 stocks rise and 2460 fall on the NYSE. NASDAQ saw 323 rise and 2225 fall.
The S&P 500 is now back below its 50 day exponential moving average and above the 200 day exponential moving average. The Russell 2000 is now below its 50 day moving exponential average and above its 200 day exponential moving average.
The 10 day spread moving average of breadth is now negative and we are in cash mode. The Madison Market Timing Indicator moved to buy on July 8th which can be found on www.superstockinvestor.com.
Q2 GDP (preliminary) is due out at 8:30 a.m. EDT and are expected to rise to 2.3% from 1.7%.
Congress is on vacation until after Labor Day thankfully. Watch for military action in Syria by the U.S. military.
Conference & Analyst Meetings
Analyst Meetings of note HMY. Simmons European Energy Conference.
Conference of Note
Morgan Stanley Energy Summit.
M & A News
Key Upgrades and Downgrades
|Banc of America|
|Robert W. Baird|
|Sun Trust RH|
|Jesup & Lamont|