An Early Look At Today’s Action

In After Hours Trading

IPOs on deck this week include Shell Midstream Partners LP and Sientra. Secondaries on deck of note for Tuesday AHRO CUDA RGLS SHO UBA VNDA .

In After Hours Trading (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): X+.98, AMP+.28, AFG+.24, EA+.20, EIX+.18, AFL+.13, DNB+.13, CINF+.13, WYNN+.10, BXP+.09, WDC+.07, SWI+.07, AZPN+.07, MCK+.06, VRTX+.06, FEIC+.06, CHRW+.05, KIM+.04, TRN+.04, TSS+.04, TQNT+.04, MAR+.03, CBT+.03, FB+.03, FISV+.02, SKT+.02, EQR+.02, KRC+.02, SM-.02, HIW-.02, CNL-.02, WSH-.03, PNRA-.04, GILD-.06, VRSK-.06, APC-.10, AJG-.10.

IPO Financial provides our capital raise data.

What’s Happening This Morning

US futures: S&P -2.50, Dow Jones +1 and NDX -9 with fair values lower lessening the weakness. Asia and Europe higher. Copper, silver and gold lower. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield -1. Prices as of 7:40 a.m.

Earnings Expected

Earnings due after the close (by market cap descending): V, BIDU, MET, SU, WMB, KRFT, ALL, WPZ, ABX, LNC, ACMP, RRC, HBI, CBG, EQIX, AKAM, MUR, ESV, FFIV, UNM, FNF, FMC, RJF, ACGL, NCLH, OII, WLL, PPC, FBHS, EXR, KEX, DRE, AEM, CAR, FLEX, QGEN, MEOH, NE, MAA, AXS, NEU, AUY, CSGP, AIZ, SCI, TFSL, BMR, STR, ARRS, SSNC, SPN, VR, PRXL, CW, TEX, TGI, CBL, RFMD, ACHC, ATML.

Due Thursday morning (by market cap descending): RDS.A, NVO, MO, MA, COP, EPD, TEVA, TWC, AMT, NOV, TRI, JCI, APD, CME, CAH, MPC, CI, K, PEG, GG, ABC, HST, IVZ, XEL, MOS, FIS, NI, BWA, BG, MGM, O, LLL, INCY, BLL, TCK, APO, CTRX, LKQ, SCG, OAK, Q, ALU, IRM, HAR, VNTV, ODFL, ITC, INGR, MD, LECO, MSCI, PBI, AVP, ALLE, MPLX, RGLD, GEL, LPLA, ATK, CVI, PCRX, CVRR, DST, UPL, GNC, WST, STRZA, KMT, IDA, FIG.

Rags & Mags: Inside Wall Street

USA Today: Iaqi Kurdish peshmerga troops are on way to Syriato help Syrian Kurds fight ISIS. Wall Street eyes Fed next move post QE3. How Facebook (FB) blew a great quarter. Is Facebook a buy here?

Stock Scorecard

One of the best features of Superstock Trader is the stock scorecard. As a reader of Wall Street Rebel, we provide a daily scorecard that is different from Superstock Trader. If you buy and sell stocks, then you should read on to learn more about the scorecard.

Each month you have up to 10 stocks whose scorecard you can review. That works out to 120 names a year to review. At some point in the future, we will be expanding the number of names that you can review each month for an incremental fee.

Each day we also feature a name in our Stock Scorecard. The goal is to cover additional names of interest as well as timely reviews, i.e. earnings are due or a big analyst meeting is ahead. Effectively, you have access to 30 scorecards a month (20 in our Daily Scorecard and another 10 for your viewing pleasure).

A question many might have is where do I find the Scorecard? When you log in to Superstock Trader it is one of the “top tabs”. Simply click and you will have access.

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We know this process works because it is the leading catalyst of our Morning Matters Portfolio. This portfolio is having another tremendous year when most portfolios are lagging. Is this a coincidence? We think not.

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A recent example of how well the scorecard works is Costco (COST). A certain well known figure in the media gave up on Costco at $110 a share several months ago. Meanwhile, we did not and now it is at $130 a share. If only he had access to our scorecard, then he might not have been so quick to give up the ghost.

You see our price target is $136.18 with an upper limit of $148.43. Tuesday it closed at $131.06. Here is how to think of the price target. It is price that values the stock fairly. The upper limit is the best case scenario.

We also show some other key data in the scorecard like the P/E Ratio, Sales Growth Rate, Cash Flow Return on Investment (CFROI) and Asset Growth. This is all great information to help you evaluate any recommendation from us, another newsletter or a hot tip from a friend.

Bottom line, do not fight the scorecard or be prepared to be punished when an overvalued name drops. Facebook (FB) is the best current example we can give. Its upper target is $67.58 and sure enough the stock has fallen post earnings from $80.77 to $74.15. It will not be a shock to us when it moves into the $60s.

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The End of QE3

Today the Federal Reserve will conclude its latest meeting today and in all likelihood end QE3. The $64,000 question is how will the markets react to this action.

QE3

Russia Pulls Bond Sale

Bad news for Russia. The Finance Ministry pulled Wednesday’s offering due to “unfavorable market conditions”. Clearly, the sanctions are hitting Russia in ways never imagined. Without an ability to sell bonds, a country may face dire consequences.

Russia Bond Offering

Nikkei Rockets Higher

Stocks in Japan had their biggest day in 16 months as they rose 3.99%. Last Friday the Nikkei Stock Average hit correction mode dropping -10%. This morning Japan’s Government Pension Investment Fund is raising its allocation to Japaneses stocks to 25%. Shorts scrambled.

Japan

Futures Swing To Red On IBM Weakness

n After Hours Trading

Four IPOs on deck today this week including Virobay and Viking Therapeutics. Secondaries on deck of note TTPH.

In After Hours Trading

(Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]):none of note.

IPO Financial provides our capital raise data.

What’s Happening This Morning

US futures: S&P 500 -5.50, Dow Jones -88 and NDX -1.20 with fair values lower lessening the losses of futures. Asia higher and Europe lower. Copper lower with 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 +1. Prices as of 7:55 a.m.

Earnings Expected

Earnings due after the close (by market cap descending): AAPL, TXN, ILMN, CMG, CE, PKG, ZION, STLD, CDNS, BRO, EWBC, ELS, HXL.

Due Tuesday morning (by market cap descending): VZ, KO, UTX, MCD, LMT, KMB, CP, ITW, TRV, RAI, ARMH, OMC, HOG, RF, PNR, WAT, AOS, SBNY, CSL, LPT, MAN, GPK, ATI, EAT, SNV.

Futures Lower As Bombs Drop On Syria

In After Hours Trading

10 IPOs on deck this week with several hot deals. Secondaries on deck today AVAL PKY.

In After Hours Trading (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]):none of note.

IPO Financial provides our capital raise data.

What’s Happening This Morning

US futures: S&P 500 -6.50, Dow Jones -49 and NDX -15.80 with fair values lower lessening the pain. Asia lower ex Shanghai and Europe lower. Copper,silver and gold higher. WTI Crude lower and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield -2. Prices as of 7:50 a.m.

Earnings Expected

Earnings due after the close (by market cap descending): BBBY CPRT.

Due Wednesday morning (by market cap descending): ACN PAYX TFSL MTN.

Articles That Matter: U.S. Arab Coalition Strikes Syria

Last night U.S. and Arab forces attacked Islamic State fighters, training compounds, headquarters, command and control facilities, storage facilities, finance center, supply trucks and armed vehicles. Basically everything.

Syria

Futures Higher But Pairing Gains

In After Hours Trading

IPOs on deck today Alibaba. Secondaries on deck today GST VKTX.

In After Hours Trading (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): CLC+.05, UNFI+.02.

IPO Financial provides our capital raise data.

What’s Happening This Morning

US futures: S&P 500 +4.75, Dow Jones +58 and NDX +12.80 with fair values lower helping the open. Asia higher and Europe higher. Copper higher with silver and gold lower. WTI Crude lower and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury yield flat. Prices as of 7:50 a.m.

Earnings Expected

Earnings due after the close (by market cap descending): none of note.

Due Monday morning (by market cap descending): AZO.

Rags & Mags: Inside Wall Street

USA Today: Alibaba (BABA) priced at $68 a share. Dow and S&P 500 close at record highs. Whole Foods (WFM) to test rewards program.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): none of note.

Data Points

Yesterday saw 1862 stocks rise and 1207 fall on the NYSE. NASDAQ saw 1636 rise and 1092 fall.

The SP 500 is now above its 50 day exponential moving average and is above the 200 day exponential moving average. The Russell 2000 is now back above its 50 day moving exponential average and its 200 day exponential moving average as well with yesterday’s action.

The 10 day spread moving average of breadth is now invested. The Madison Market Timing Indicator is now invested.

YTD 4311 (+368) stocks are higher for the year and 2579 (358) are lower. Updated 8/26/14 Close. Prior Update 8/5/14 close.

Economics

August Leading Indicators are due out at 10:00 a.m. EDT and are expected to fall to 0.4% from 0.9%.

Politico

G-20 Finance Ministers and central bank governors meet in Australia over the weekend.

Conference & Analyst Meetings

Analyst and investor meetings of note TW VHC.

Conference of Note

FCC Roundtable on Open Internet

M & A News

SAP to buy Concur Technologies (CNQR) for $129 a share. Stock closed at $107.80.

Key Upgrades and Downgrades

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Firm Upgrades Downgrades
JP Morgan
Goldman Sachs AEO CXP EMES CRR
Morgan Stanley
Deutsche Bank
Citigroup
Merrill Lynch
Wachovia/Wells Fargo
Credit Suisse
Banc of America
UBS
Piper Jaffray
Needham
Jefferies
Stifel
Key Banc
Raymond James ZION

The Madison Letter

We are invested on our overall Market Call. Since inception, our overall timing return is 72.93% versus 41.56% on the S&P 500 for excess return of 31.36%. Scores change day to day.

We added a buy on iShares Core S&P 500 Index Fund ETF (IVV) and took gains on Tuesday 9/2.

We began to offer a buy and sell strategy via our Madison Market Timing Indicator at the beginning of April of 2007. There are now 24 open and closed winning trades to 8 closed losing trades with our market timing results.

madison market timiing