Futures Higher

In After Hours Trading

IPOs on tap Leju Holdings, Quotient, Sabre Corp, Scynexis, Sportsman’s Warehouse Holdings, Vital Therapies and Weibo. Secondaries on deck ATHL BKS SNH.

Earnings out after the close AXP+.03 AF+.15 BGS-.04 BMI-.10 COF+.26 CNS+.05 CCK+.06 EWBC+.05 GOOG-.15 KSU+.06 KMP-.04 NE+.28 SLM-.04 SND +.19 URI+.14.

What’s Happening This Morning

US futures: S&P -1, Dow Jones -16 NDX +2 with fair higher hurting the open. Asia mixed and Europe lower. Copper abd silver higher with gold lower. WTI Crude higher and Brent Oil Futures lower. Natural Gas higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield +1. Prices as of 7:45 a.m. EST

Earnings Expected

Earnings due after the close AMD ATHN CPHD. No earningf for Friday as markets closed. Earnings due Monday before the open HAL HAS KMB STI.

Rags & Mags: Inside Wall Street

USA Today: Yahoo (YHOO) booted exec paid $58 million. Russian economy slows on capital flight out of country. U.S. economy is picking up after harsh winter.

NY Times: Russian President Putin asserts right to use force. Federal Reserve Chairman Yellen notes that job weakness will slow interest rate increases.

WSJ: Foreign Ministers of Russia, European Union and U.S. met to ease tensions in Ukraine. Large banks are increasing their lending. Costs hit Google (GOOG) earnings.

 

Futures Higher

In After Hours Trading

IPOs on tap Moelis & Co, Opus Bank, Quotient, TriVascular Tech. Secondaries on deck XGTI.

 

ADTN +.02 CSX +.03 INTC +.01 IBKR +.06 LLTC +.02 YHOO +.01

What’s Happening This Morning

US futures: S&P +8, Dow Jones +61 NDX +16.50 with fair lower helping the open. Asia and Europe higher. Copper lower with silver lower and gold higher. WTI Crude and Brent Oil Futures higher. Natural Gas higher. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury yield +2. Prices as of 7:55 a.m. EST

Earnings Expected

Earnings due after the close none of note GOOG GOOGL IBM AXP COF KMP KMI SNDK KSU SLM URI NE EPB CCK ALB EWBC PBCT STLD HBHC EGP CATY CNS EFII. Due Thursday morning of note GE PM SLB PEP TSM SAP UNP UNH GS HON DD MS DHR BLK BAX WIT BHI BBT PPG SHW FITB BX CMG DOV ADS MAT KEY COL SNA AN ALSN SON SYNT WSO FHN WBS POOL.

Rags & Mags: Inside Wall Street

USA Today: Rising food prices hurting consumers pcokets. Alibaba rescues Yahoo (YHOO), again.

 

NY Times: New rules set for hazardous cargo on the rails. Petrobras (PBR) stung by scandal and stagnation. Safety concerns raised for e-cigarettes.

WSJ: Growth slows in China. Goldman Sachs (GS) seeks to improve trading.

 

Futures Lower

In After Hours Trading

IPOs on tap include Adamas Pharmaceuticals, Ally Financial, Cerulean Pharmaceuticals, Farmland Partners, Stalwart Tankers, Sysorex Global Holdings. Secondaries on deck AJG AVIV HCLP.

 

In After Hours Trading:PSMT +.08 SIGM -.14

What’s Happening This Morning

US futures: S&P -2.00, Dow Jones -17 NDX -4.50 with fair value higher hurting the open a bit. Asia higher and Europe mixed. Copper lower with silver and gold higher. WTI Crude and Brent Oil Futures lower. Natural Gas lower. $ is lower vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield -3. Prices as of 7:55 a.m. EST

Earnings Expected

Earnings due after the close NQ OZRK. Earnings due Friday morning FAST JPM WFC.

Rags & Mags: Inside Wall Street

USA Today: Stocks rallied on FOMC Minutes.

 

NY Times: As the internet grows, it becomes less secure. The danger in driving General Motors (GM) cars.

WSJ: AT&T (T) to build ultrafast internet, 10X fastest options. OPEC Oil Outputs drops thanks to decline in Iraq production. Family Dollar (FDO) to close stores and lower prices.

Futures Higher

In After Hours Trading

IPOs on tap include iKang Healthcare and La Quinta. Secondaries on deck PCRX.

 

In After Hours Trading: MG -.07

What’s Happening This Morning

US futures: S&P +2.25, Dow Jones +34 NDX +8.50 with fair value higher hurting the open a bit but still positive. Asia higher ex Japan and Europe higher. Copper,silver and gold lower. WTI Crude and Brent Oil Futures higher. Natural Gas lower. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury yield +1. Prices as of 7:55 a.m. EST

Earnings Expected

Earnings due after the close BBBY. Earnings due Thursday morning SJR FDO RAD CBSH IGTE PIR.

Rags & Mags: Inside Wall Street

USA Today: La Quinta lowers IPO price. 101 stocks with lofty price targets.

 

NY Times: Toyota recalls 6.4 million cars. China loves foreign cars. Gas prices to remain steady for summer. Stay at home moms on the rise.

WSJ: .

 

Futures Lower

In After Hours Trading

14 IPOs on tap including La Quinta and Ally Financial. Secondaries on deck EVAR TRXCD XGTI.

 

What’s Happening This Morning

US futures: S&P -7.50, Dow Jones -57 NDX -28.50 with fair value lower helping the open a bit but still very weak. Asia lower ex Shanghai and Europe lower. Copper,silver and gold lower. WTI Crude and Brent Oil Futures lower. Natural Gas higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield -1. Prices as of 7:55 a.m. EST

Earnings Expected

Earnings due after the close SHLM TISI. Earnings due Tuesday morning ISCA.

Rags & Mags: Inside Wall Street

USA Today: 60 Minutes faked noise for Tesla (TSLA). Gas prices rising in California.

 

NY Times: Gravity hits tech high fliers. Front runners of Wall Street.

WSJ: Sears (SHLD) spin offs leave bond holders with risks. General Motors (GM) may offer settlements to victims of switch defect.

 

 

Futures Higher

Data Points

Yesterday saw 1237 stocks rise and 1775 fall on the NYSE. NASDAQ saw 790 rise and 1848 fall.

The S&P 500 is now above its 50 day exponential moving average and above the 200 day exponential moving average. The Russell 2000 is above its 50 day moving exponential average and above its 200 day exponential moving average.

The 10 day spread moving average of breadth is in cash. The Madison Market Timing Indicator is a buy.

Economics

March Nonfarm Payrolls and the monthly unemployment rate are due out at 8:30 a.m. EDT and are expected to rise to 195,000 from 176,000 and the unemployment rate drops to 6.6% from 6.7%.

Politico

Over the weekend, Afghanistan holds presidential elections.

Conference & Analyst Meetings

Analyst meetings of note or calls today AVID ALJ ALDW.

 

Futures Flat

In After Hours Trading

IPOs on tap Scynexis and Tarena International. Secondaries on deck APPY BGMD CORI CPRX KIN RH .

 

DDC -.09, TXI -.33 (Numbers reflect actual versus estimates)

What’s Happening This Morning

US futures: S&P +1, Dow Jones +4 NDX +3 with fair value flat. Asia higher ex Shanghai and Europe mixed. Copper,silver and gold lower. WTI Crude lower and Brent Oil Futures higher. Natural Gas lower. $ is lower vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury yield -1. Prices as of 7:55 a.m. EST

Earnings Expected

Earnings due after the close GPN, MU. Due tomorrow morning KMX.

Rags & Mags: Inside Wall Street

USA Today: S&P 500 1900? Middle class slips away from many. Is 1987 Market Crash in the works?

 

NY Times: Citigroup under investigation (see Articles That Matter). Amazon (AMZN) seeks place in the living room with Fire TV.

WSJ: Supreme Court strikes down limit on political donations. General Motors (GM) challenged on moves.

Reported Earnings This Morning

GBX +.51 (Numbers reflect actual versus estimates)

Data Points

Yesterday saw 1742 stocks rise and 1288 fall on the NYSE. NASDAQ saw 1493 rise and 1170 fall.

The S&P 500 is now above its 50 day exponential moving average and above the 200 day exponential moving average. The Russell 2000 is above its 50 day moving exponential average and above its 200 day exponential moving average.

The 10 day spread moving average of breadth is in cash. The Madison Market Timing Indicator is a buy.

Economics

March Challenger, Gray & Christmas Jobs Cut Data is due at 7:30 a.m. EDT. Weekly Jobless Claims at 8:30 a.m. EDT. Natural Gas inventories due at 10:30 a.m. EDT.

Politico

The European Central Bank (ECB) announced its latest interest policy decision and left rates unchanged. Super Mario Draghi the head of ECB holds press conference at 8:30 a.m. EDT.

Conference & Analyst Meetings

Analyst meetings of note or calls today CIEN BGC. Wells Fargo Tech Transformation Summit. DUG Bakken & Niobrara Conference.

Conference of Note

Interop Las Vegas.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan
Goldman Sachs
Morgan Stanley
Deutsche Bank
Citigroup OPEN
Merrill Lynch
Wachovia/Wells Fargo
Credit Suisse
Banc of America
UBS
Piper Jaffray VVUS
Sandler O’Neil
Jefferies
Stifel CACI
Robert Baird
Raymond James
Needham
Nomura
Raymond James
Friedman Billings
Robert W. Baird
Oppenheimer
Sun Trust RH
Credit Agricole
RBC
RBS
Cantor Fitzgerald
CIBC
Dresnder
Key Banc
HSBC Securities
Cowen
William Blair
BNP Paribas
Nomura
Kaufman
Brean Murray
JMP Securities
Wedbush
Argus
CLSA
BB&T
ING
Roth
Janney Montgomery
Susquehanna
Think Equity
Merriman
Cantor Fitzgerlad
BMO Capital
Benchmark
Jesup & Lamont
Macquarie
Canaccord Adams
Evercore
MKM
Bernstein
CLSN
Guggenheim
Auriga
Stephens
BTIG
Global Hunter
Longbow

 

Futures Waiting For ADP Payroll Data

In After Hours Trading

Nine IPOs on tap this week. Secondaries on deck OSBC SEAS.

 

What’s Happening This Morning

US futures: S&P +7.25, Dow Jones +61 NDX +17 with fair value lower adding to the open. Asia and Europe mixed. Copper lower with silver and gold higher. WTI Crude and Brent Oil Futures lower. Natural Gas lower. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury yield +2. Prices as of 7:55 a.m. EST

Earnings Expected

Earnings due after the close VRNT CKP EGLE. Due tomorrow morning JOSB BLT TA.

Rags & Mags: Inside Wall Street

USA Today: Delphi Automotive told General Motors (GM) ignition switch did not meet specs. The cost behind a Boeing (BA) 777.

 

NY Times: U.N. panel says the worst to come on climate change. New health care era is mixed result.

WSJ: U.S. and Russia make no headway as Secretary of State Kerry met with Russia’s Secretary of State in Paris.

 

Futures Higher

In After Hours Trading

Nine IPOs on tap this week. Secondaries on deck OSBC SEAS.

 

What’s Happening This Morning

US futures: S&P +7.25, Dow Jones +61 NDX +17 with fair value lower adding to the open. Asia and Europe mixed. Copper lower with silver and gold higher. WTI Crude and Brent Oil Futures lower. Natural Gas lower. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury yield +2. Prices as of 7:55 a.m. EST

Earnings Expected

Earnings due after the close VRNT CKP EGLE. Due tomorrow morning JOSB BLT TA.

Rags & Mags: Inside Wall Street

USA Today: Delphi Automotive told General Motors (GM) ignition switch did not meet specs. The cost behind a Boeing (BA) 777.

 

NY Times: U.N. panel says the worst to come on climate change. New health care era is mixed result.

WSJ: U.S. and Russia make no headway as Secretary of State Kerry met with Russia’s Secretary of State in Paris.

 

Futures Higher

In After Hours Trading

IPOs on tap Bluerock Residential Growth, CBS Outdoor Americas,Everyday Health, Aerohtye Networks,2U, Energous . Secondaries on deck COMM CZR ECYT EXLP MERC MGI SFM WUBA.

 

What’s Happening This Morning

US futures: S&P +7, Dow Jones +45 NDX +18.5 with fair value higher creating a flat open. Asia higher ex Shanghai and Europe higher. Copper and silver higher and gold lower. WTI Crude and Brent Oil Futures higher. Natural Gas lower. $ is higher vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury yield +1. Prices as of 7:55 a.m. EST

Earnings Expected

No earnings due after the close. It’s Miller Time enjoy the rest of the Sweet Sixteen and Elite Eight. Make sure to root for the Badgers on Saturday against Arizona!!

Rags & Mags: Inside Wall Street

USA Today: Warning flags flash on Wall Street. Wal-Mart (WMT) sues Visa (V) over excessive fees charged to the retailer.

 

NY Times: CBS take CBS Outdoor Americas public today. Hope for BlackBerry (BBRY). Microsoft (MSFT) offer to put Office on Apple’s (AAPL) iPad is a bit late.

WSJ: 13-D filings may be accelerated.