December 14, 2012
In After Hours Trading
ADBE (+.05), CIS (0.10), NDSN (+.01), ZQK (-.02), PAY (0.00).
What’s Happening This Morning
US futures: (S&P +2.20, DJI +27, NDX -2.0 with fair value flat) Asia higher ex Japan and Europe mixed. Copper and gold higher with WTI Crude Futures lower. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US ten-year Treasury Yield +.0001. Prices as of 7:55 a.m. EST.
Notable names next week SHFL FDS JEF SAM AIR ORCL FDX GIS NAV KMX CCL CAG DFS DRI KBH CTAS FCEL MU NKE RHT RIMM TIBX WAG.
Rags & Mags: Inside Wall Street
We are big fans of www.247wallst.com summary of the newspapers each day. Going forward we will link to their website so you can read their summary, Media Digest
Reported Earnings This Morning
No earnings due this morning or after the close.
Yesterday saw 910 stocks rise and 2113 fall on the NYSE. NASDAQ saw 926 rise and 1543 fall. The S&P 500 now back above its 50 day moving average and above the 200 day moving average. The 10 day spread moving average of breadth is negative but we remain with the buy signal but a turn may be forthcoming. We are back to invested on the Madison Market TimingIndicator.
November CPI is due out at 8:30 a.m. EST and is expected to drop to -0.2% from 0.1%. Meanwhile, at 9:15 a.m. EST November Industrial Production is expected to improve to 0.2% from -0.4%.
The hrose trading over the fiscal cliff continues between House Speaker Boehner and President Obama.
Conference & Analyst Meetings
Analyst Meetings CNC LUV ITW SMG ASTX AVGO. FB lockup expires on 156 millions shares.
Conference of Note
M & A News
Key Upgrades and Downgrades
|Goldman Sachs||MRO TIVO|
|Citigroup||HST LFRGY TDW GLF HOS|
|Banc of America|
|Robert W. Baird|