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Daily Playbook HLF Analyst Meeting Today Let The Fun Begin

January 10, 2013

In After Hours Trading

DRWI (-.05), PSMT (+.05), RELL (-.01), RT (-.01), TXI (-.04), VOXX (+.19).

What’s Happening This Morning

US futures: (S&P +4.50, DJI +30, NDX +7.20 with fair value a bit lower) Asia higher and Europe mixed. Copper higher and gold higher with WTI Crude & Brent Oil Futures higher. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US ten-year Treasury Yield +.023. Prices as of 7:45 a.m. EST.

Earnings Expected

Earnings due after the close SNX XRTX. Due out tomorrow morning WFC.

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

None out yet. MSM and SVU due.

Data Points

Yesterday saw 2049 stocks rise and 956 fall on the NYSE. NASDAQ saw 1602 rise and 858 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 positive. We are back to invested on the Madison Market Timing Indicator.



Weekly Jobless Claims Due Out At 8:30 EST a.m. Natural Gas Inventories due out at 10:30 a.m. EST.


The European Central Bank is expected to cut interest rates while Bank of England is expected to hold rates steady. Federal Reserve Esther George speaks at 1:10 p.m. EST and Federal Reserve St. Louis President Bullard at 2:00 p.m. EST.

Conference & Analyst Meetings

JP Morgan Healthcare Conference, Goldman Sachs Global Energy Conference and Merrill Lynch China Gaming & Lodging. CVX holds mid quarter update at the close.

Conference of Note

HLF holds their analyst meeting as they counter Pershing Square’s Bill Ackman. 

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan
Goldman Sachs EVR DAL R
Morgan Stanley HTZ
Deutsche Bank
Citigroup PRU HIG AFL
Wachovia/Wells Fargo
Credit Suisse
Banc of America
Lazard WYNN
Merrill Lynch
Cantor Fitzgerlad
Dahlman Rose
Sterne Agee
Stifel Nicolaus
Societe Generale NE ESV
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