Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook

January 25, 2013

In After Hours Trading

Earnings of note released after the close T -.02 CPHD +.09 CRUS +.22 CVD +.02 EFII +.07 FLEX +.02 JNPR +.06 MXIM +.01 MSFT +.01 SBUX IN LINE TPX +.05 VRSN +.08. Secondary Offerings announced ARGO due this morning CHUY MCP. IPOs due LPDX BFAM. IPO and Secondary information due courtesy of IPO Financial for their ranks we would direct you to: http://www.ipofinancial.com.

What’s Happening This Morning

US futures: (S&P +4.50, DJI +36, NDX +11.50 with fair value lower) Asia and Europe higher ex Shanghai. Copper and gold lower with WTI Crude higher & Brent Oil Futures lower. $ is lower vs Euro, loweer vs. Pound and higher vs. Yen. US ten-year Treasury Yield +.0526. Prices as of 7:55 a.m. EST.

Earnings Expected

Earnings reports continue to be heavy next 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

COV +.04 HAL +.06 HON +.01 IMGN -.04 KMB +.02 OSK +.27 PG +.11 WY +.06

Data Points

Yesterday saw 1669 stocks rise and 1311 fall on the NYSE. NASDAQ saw 1370 rise and 1098 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.



December New Home Sales are due out at 10:00 a.m. EST and is expected to rise to 385,000 from 377,000.


Filibuster Reform passes the Senate convincingly.

Conference & Analyst Meetings

CIBC 16th Annual Whistler Institutional Investor Confernce. Analyst meetings of note WPI.

Conference of Note

World Economic Forum begins in Davos, Switzerland.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan
Goldman Sachs
Morgan Stanley SNI
Deutsche Bank
Citigroup WNS JNS
Merrill Lynch SNE UAL
Wachovia/Wells Fargo
Credit Suisse JNS
Banc of America
Dahlman Rose HBNC AGU
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