Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook

January 18, 2013

In After Hours Trading

Earnings of note after the close COF (-.16), INTC (+.03), MATW (+.04), WTFC (+.01), WIT (+.32), XLNX (+.01). Secondaries due today ALNY ATRC CIE ITMN ONXX STAG VR. Secondaries announced AVEO NTI. IPOs none on deck. IPO Financial Network provided secondary and IPO overview.

What’s Happening This Morning

US futures: (S&P -0.25, DJI -2, NDX -8 with fair value flat) Asia higher and Europe mixed. Copper higher and gold lower with WTI Crude & Brent Oil Futures lower. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US ten-year Treasury Yield -.0144. Prices as of 7:55 a.m. EST.

Earnings Expected

Of note up next week DAL FCX GOOG AMD CA ABT GD AMGN AAPL MMM NOK SBUX HAL HON PG. Suffice it to say next week is a HUGE earnings week.

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

GE(+.01), JCI (+.01), MS (+.18), PH (+.08), COL (+.04), STT (+.10), STI (+.04).

Data Points

Friday saw 2277 stocks rise and 715 fall on the NYSE. NASDAQ saw 1636 rise and 789 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.



January Michigan Sentiment is due out at 9:55 a.m. EST and is expected to rise to 75 from 72.9.


Conference & Analyst Meetings

Analyst meetings DPZ CERN MCHX.

Conference of Note

The North American Auto Show continues in Detroit.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan
Goldman Sachs QLIK CSOD
Morgan Stanley
Deutsche Bank
Citigroup MOV
Wachovia/Wells Fargo
Credit Suisse CRZO
Banc of America
Merrill Lynch
Jefferies RIMM FNSR
Raymond James
Piper Jaffray ONTY INO
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