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 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.
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.
August Leading Indicators are due out at 10:00 a.m. EDT and are expected to fall to 0.4% from 0.9%.
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
|Goldman Sachs||AEO CXP EMES||CRR|
|Banc of America|