In After Hours Trading
IPOs on deck this week Autohome, CatchMark Timber Trust, DTLR Holdings, Globant, New Home Co LLC and Veronia Systems (with none up today). Secondaries of note up this morning CLDX DFRG ECOL GTAT KFX LGP RM. Courtesy of IPO Financial.
BIG (-.08) CWST (-.01) COO (-.32) ESL (+.29) FNSR (+.04) ULTA (-.02)
What’s Happening This Morning
US futures: S&P +7.75, Dow Jones +61 NDX +12 with fair value a bit lower hurting the open. Asia higher ex Shanghai and Europe higher. Copper higher with silver and gold lower. WTI Crude lower and Brent Oil Futures higher. Natural Gas higher. $ is higher vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury -1. Prices as of 7:55 a.m. EST.
None due after the close as it’s Miller Time. Enjoy the weekend!
Rags & Mags: Inside Wall Street
Reported Earnings This Morning
AEO(+.01) FGP (-.12) GCO (+.05) BNS (-.01)
Friday saw 1029 stocks rise and 1985 fall on the NYSE. NASDAQ saw 1169 rise and 1385 fall.
The S&P 500 is above its 50 day exponential moving average and above the 200 day exponential moving average. The Russell 2000 is now above its 50 day moving exponential average and above its 200 day exponential moving average.
The 10 day spread moving average of breadth is now positive. The Madison Market Timing Indicator moved back to buy which can be found on the home page.
November Nonfarm Payrolls are due out at 8:30 a.m. EST and are expected to drop to 180,000 from 204,000 and the unemployment rate is expected to fall to 7.2% from 7.3%. At the same time, the October Personal Income is expected to fall to 0.3% from 0.5%. At 9:55 a.m. EST, the December Michigan Sentiment is expected to rise to 75.2 from 75.1.
Federal Reserve Philadelphia President Charles Plosser speaks at 10:15 a.m. EST as does Federal Reserve Chicago President Charles Evans at 3:00 p.m. EST.
Conference & Analyst Meetings
Analyst meetings of note AUXL ADT ITW SJI GFA SON WWD.
Conference of Note
Merrill Lynch High Yield & Leveraged Finance Conference
M & A News
Key Upgrades and Downgrades
|Goldman Sachs||DG GVA PH|
|Banc of America|
|Robert W. Baird|
|Sun Trust RH|
|Jesup & Lamont|