Futures Higher & IPOs Pick Up Speed

In After Hours Trading

IPOs on deck today Foamix Pharmaceuticals, ProQr Therapeutics and Viking Therapeutics. Secondaries on deck today EPR FANG NEWM ONTY SUI.

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 +8, Dow Jones +55 and NDX +15.50 with fair values lower helping the open. Asia higher ex Hong Kong and Europe higher. Copper, silver and gold lower. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is lower 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): ORCL, RHT, TIBX.

Due Friday morning (by market cap descending): none of note.

Market Matters: Futures Up Slightly

August 27, 2014

In After Hours Trading

No IPOs on deck this week so far. Secondaries on deck today MPAA. Tpyically, this is the lightest week of the year.

In After Hours Trading (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): HEI+.06, SLH-.10

IPO Financial provides our capital raise data.

What’s Happening This Morning

US futures: S&P 500 +0.50, Dow Jones +11 and NDX +1 with fair values lower helping gains. Asia and Europe mixed. Copper and silver lower and gold higher. 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 -2. Prices as of 7:30 a.m.

Earnings Expected

Earnings due after the close (by market cap descending): WDAY, WSM, BYI

Due Thursday morning (by market cap descending): TD, DG, PLL, SIG, COTY, ANF

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): SDRL+.52, TIF+.11, MIK+.06, DCI+.03, BF.B-.02.

Futures Higher

In After Hours Trading

No IPOs on deck today. Secondaries on deck today CLRB NEO.

IPO Financial provides our capital raise data.

In After Hours Trading (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): SINA+.08, ADSK+.07, A+.04

What’s Happening This Morning

US futures: S&P 500 +4.50, Dow Jones +45 and NDX +13 with fair values lower helping gains. Asia and Europe higher. Copper higher with silver and gold higher. WTI Crude and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury yield -1. Prices as of 7:30 a.m. EDT THERE WILL BE NO MARKET MATTERS NEXT WEEK AS WE WILL BE ON VACATION. IT WILL RETURN AUGUST 25th.

Earnings Expected

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

Due Monday morning (by market cap descending): none

Rags & Mags: Inside Wall Street

USA Today: Carl Icahn places a bet on Gannet (GCI). Chiquita Brands (CQB) rejects $13 takeover. General Electric may sell appliance business.

 

 

Futures Higher

In After Hours Trading

IPOs on deck today C1 Financial. Secondaries on deck today CLRB REXR RICE ZOES.

IPO Financial provides our capital raise data.

In After Hours Trading (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): AZPN+.10, VIPS+.09, NTAP+.03, CSCO+.02, SLW-.02.

What’s Happening This Morning

US futures: S&P 500 +1.50, Dow Jones +18 and NDX +4 with fair values lower helping gains. Asia mixed and Europe higher. Copper lower with silver higher and gold down. 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 yield -1. Prices as of 7:30 a.m. EDT

Earnings Expected

Earnings due after the close (by market cap descending): AMAT, A, JWN, ADSK, DDS, WB, SINA.

Due Friday morning (by market cap descending): JD, EL.

Rags & Mags: Inside Wall Street

USA Today: Cisco (CSCO) to cut 6,000 jobs. Dow Jones Industrial Average turn back to positive for the year. Shortage of hot cars due to demand.

NY Times: Lands’ End customers upset about delivery of GQ after purchases. GQ had swimsuit model on cover. Amazon (AMZN) offers a card reader and will compete against VeriFone and PayPal as well as Square.

Politico: Edward Snowden out with more NSA secrets on 8/26 in Wired. Project MonsterMind.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): KSS+.06.

Data Points

Yesterday saw 2313 stocks rise and 773 fall on the NYSE. NASDAQ saw 1813 rise and 891 fall.

The SP 500 broke its 50 day exponential moving average yesterday but is above the 200 day exponential moving average. The Russell 2000 is now back below its 50 day moving exponential average and below its 200 day exponential moving average as well.

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

YTD 3943 (-406) stocks are higher for the year and 2937 (+469) are lower. Updated 8/5/14 Close. We will update over the weekend. Prior Update 7/14/14 close.

Economics

Weekly Natural Gas Inventories due out at 10:30 a.m. EDT.

Politico

President Obama on vacation next two weeks in Martha’s Vineyard.

Congress is on recess for the next five weeks and markets should like this vacation from the political nonsense.

Conference & Analyst Meetings

Analyst and investor meetings of note today HUM. Jefferies Annual Global Industrials Conference. Canaccord Genuity Annual Growth Conference.

Conference of Note

Walmart (WMT) Manufacturing Summit.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan
Goldman Sachs LUX
Morgan Stanley
Deutsche Bank
Citigroup PGR
Merrill Lynch
Wachovia/Wells Fargo
Credit Suisse
Banc of America
UBS
Piper Jaffray
Needham
Jefferies
Stifel
Keefe Bruyette
Raymond James
Credit Agricole
Sanford Bernstein
RBC
Friedman Billings
Robert W. Baird TBPH

Futures Higher

In After Hours Trading

IPOs on deck today Capnia, Otonomy, . Secondaries on deck today CLDN INSM NCT SFM SUNE.

IPO Financial provides our capital raise data.

In After Hours Trading (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): URS+.76, FOSL+.02.

What’s Happening This Morning

US futures: S&P 500 +10, Dow Jones +70 and NDX +22 with fair values lower helping gains. Asia and Europe higher. Copper lower with silver higher and gold flat to down. WTI Crude and Brent Oil Futures lower. Natural Gas is 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. EDT

Earnings Expected

Earnings due after the close (by market cap descending): CSCO,NTAP, VIPS, NTES, SLW.

Due Thursday morning (by market cap descending): WMT, PRGO, KSS, AAP, HSH, PWE.

Rags & Mags: Inside Wall Street

USA Today: Debt threatens retirement. Are electric utility stocks safe?

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): DE+.11.

Futures Up Mildly

In After Hours Trading

5 IPOs on deck this week. Secondaries on deck this week CLDN. Nothing on track for today.

IPO Financial provides our capital raise data.

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

What’s Happening This Morning

US futures: S&P 500 +2.75, Dow Jones +18 and NDX +4.75 with fair values flat. Asia higher ex Shanghai and Europe lower. Copper higher with silver lower and gold higher. WTI Crude and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury yield flat. Prices as of 7:45 a.m. EDT.

Earnings Expected

Earnings due after the close (by market cap descending): CREE, KING, FOSL, JKHY, URS.

Due Wednesday morning (by market cap descending): DE, M, ARES, PF, CAE.

Rags & Mags: Inside Wall Street

USA Today: Falling battery costs help Tesla (TSLA). Dow Jones Industrial Average is still negative for the year.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): AER+.50, TW+.09, VAL+.05, FLO-.02.

Futures Strong

In After Hours Trading

IPOs on deck today Green Bancorp, Independence Contract Drilling, Ryerson Holding. Secondaries on deck today SPR.

IPO Financial provides our capital raise data.

In After Hours Trading (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): SCTY+.47, MDVN+.28, ANET+.22, MELI+.16, LGF+.14, ED+.12, CSC+.09, CFN+.07, CBS+.06, MNST+.06, UBNT+.05, NVDA+.05, AL+.05, NFG+.03, AGO+.03, FRT+.02, SFM+.02, NWSA-.03, DAR-.04, ALNY-.08, GXP-.08, FI-.08, SLXP-.11, SEMG-.75

What’s Happening This Morning

US futures: S&P 500 +9.30, Dow Jones +66 and NDX +22 with fair values higher cutting into gains. Asia and Europe higher. Copper higher with silver and gold flat to down. WTI Crude higher and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury yield +1. Prices as of 7:45 a.m. EDT.

Earnings Expected

Earnings due after the close (by market cap descending): VTR, HTZ, NUAN, RAX, OPK, MR.

Due Tuesday morning (by market cap descending): TW, VAL, AER, KATE, FLO.

 

Futures Positive

In After Hours Trading

IPOs on deck today Green Bancorp, Independence Contract Drilling, Ryerson Holding. Secondaries on deck today SPR.

IPO Financial provides our capital raise data.

In After Hours Trading (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): SCTY+.47, MDVN+.28, ANET+.22, MELI+.16, LGF+.14, ED+.12, CSC+.09, CFN+.07, CBS+.06, MNST+.06, UBNT+.05, NVDA+.05, AL+.05, NFG+.03, AGO+.03, FRT+.02, SFM+.02, NWSA-.03, DAR-.04, ALNY-.08, GXP-.08, FI-.08, SLXP-.11, SEMG-.75

What’s Happening This Morning

US futures: S&P 500 +4.00, Dow Jones +20 and NDX +5.75 with fair values flatish to up. Asia lower ex Shanghai and Europe lower. Copper lower with silver and gold higher. WTI Crude higher and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield -2. Prices as of 7:45 a.m. EDT.

Earnings Expected

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

Due Monday morning (by market cap descending): PCLN, SYY, HPT, TECH, RICE, MNKD

Rags & Mags: Inside Wall Street

USA Today: Ebola moves to an international emergency according to World Health Organization. Russian bombers invade U.S. airspace some 16 times. Are stock buybacks history?

 

 

Futures Higher

In After Hours Trading

IPOs on deck today iDreamSky Technology, Hoegh LNG Partners LP and T2 Biosystems. Secondaries on deck today RSP STAY UMPQ.

IPO Financial provides our capital raise data.

In After Hours Trading (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): SLF+.81, BKD+.75, CPA+.69, UHAL+.58, RIG+.53, ETP+.39, YY+.35, AR+.29, EVHC+.28, EPE+.23, PRU+.19, GMCR+.17, PRXL+.15, NPSP+.15, FOXA+.11, ZU+.09, ETE+.07, CXO+.06, AWK+.06, ITMN+.05, QEP+.04, REG+.04, CTL+.03, ATO+.03, BRKR+.03, TWO+.03, ATML+.03, FNV+.02, LNT-.03, CXW-.03, PAA-.06, DNB-.06, NLY-.10, RGP-.12, WR-.12, ESS-.16, TEG-.25, BWC-.28, GPOR-.49, MWE-.50, SXL-.55, AGU-.57, MIDD-1.15, CF-2.28

What’s Happening This Morning

US futures: S&P 500 4.75, Dow Jones 26 and NDX 4 with fair values flatish to up. Asia and Europe mixed. Copper along with silver and gold higher. WTI Crude higher and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury yield -2. Prices as of 7:45 a.m. EDT.

Earnings Expected

Earnings due after the close (by market cap descending): CBS, ED, MNST, NWSA, NVDA, CSC, CFN, SLXP, FRT, SCTY, MDVN, NFG, SFM, ANET, LGF, ALNY, MELI, AGO, GXP, AL, FI, UBNT, YOKU, DAR.

Due Friday morning (by market cap descending): BAM, MGA, BPL, ERF, SIRO.

Rags & Mags: Inside Wall Street

USA Today: Russia hits U.S. and EU. Fund companies having a bad year. Bank of America nears a deal with Feds.

 

 

Futures Lower (Again)

In After Hours Trading

IPOs on deck today Auris Medical. Secondaries on deck today MANU MDP TSLX.

IPO Financial provides our capital raise data.

In After Hours Trading (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): RLJ+.30, BIO+.14, JAZZ+.14, DIS+.11, WPX+.11, EOG+.09, TRMB+.05, KAR+.05, FEYE+.05, BMR+.04, WGP+.04, ATVI+.04, WES+.03, XEC-.02, OKE-.03, OAS-.04, DPM-.17, CLR-.19, FSLR-.29, OKS-.38, LBTYA-.46

What’s Happening This Morning

US futures: S&P 500 -6.75, Dow Jones -63 and NDX -22 with fair values flatish to up. Asia and Europe lower. Copper lower along with silver and gold higher. WTI Crude and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield -4. Prices as of 7:45 a.m. EDT.

Earnings Expected

Earnings due after the close (by market cap descending): FOXA, PRU, ETE, SLF, CTL, PAA, GMCR, ETP, SYMC, AR, CXO, RIG, AGU, CF, MWE, ESS, RGP, NLY, SXL, AWK, FNV, CPA, EVHC, LNT, QEP, UHAL, TEG, REG, ATO, EPE, ZU, WR, GPOR, ITMN, YY, BKD, JMEI, DNB, MIDD, ACAS, CXW, TWO, ATML, BWC, NPSP, TROX, PRXL, ENS

Due Thursday morning (by market cap descending): NVO, DUK, CNQ, MFC, BCE, SRE, ICE, MYL, MPEL, SNI, AES, NRG, LINE, GOLD, HSH, HAR, OGE, WIN, TDC, ARMK, SUNE, WWAV, RGLD, SABR, BR, LAMR, SSYS, SATS, HII, AMCX, MNK, CBSO, ATHM, TK, LPI, FWLT, AFSI

Rags & Mags: Inside Wall Street

USA Today: Russia Ukraine fears hit stocks on Tuesday. President Obama and Congress hit new lows in approval polls. Treasury explore moves to block tax inversions.