Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook

January 31, 2013

In After Hours Trading

ACXM (+.03) DOX (+.03) ATW (+.17) CACI (+.05) CTXS (+.06) COP (-.04) EA (+.01) FB (+.02) JDSU (+.04) MUR (-.56) QCOM (+.14) SGI (+.02) TSCO (+.08).

What’s Happening This Morning

US futures: (S&P -0.25, DJI -1, NDX -6.50 with fair value higher) Asia and Europe lower ex Japan which was higher. Copper and gold lower with WTI Crude and Brent Oil Futures flat to lower. $ is higher vs Euro, lower vs. Pound and lower vs. Yen. US ten-year Treasury Yield -.0125. Prices as of 7:55 a.m. EST.

Earnings Expected

Earnings reports due after the close MCK CB EMN PFG PCR TRMB MCHP CPT ESS FBHS N PKI CYMI BYI. Due tomorrow morning among others XOM CVX MRK LYB NOV BEN AEP AON IR MAT PRGO TSN NWL LM TDW BEAM.

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

AET (-.02) MO (+.012) AZN (+.19) AN (+.03) CL (+.012) DOW (-.03) DNKN (+.01) HP (+.11) HSY (-.02) (-.56) MJN (+.04) TMO (+.08) UA (+.01) UPS (-.06) WHR (+.04) ZMH (+.02).

Data Points

Yesterday saw 990 stocks rise and 1961 fall on the NYSE. NASDAQ saw 752 rise and 1719 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 takes on added significance in front of Friday’s Monthly Job’s Report. December Personal Income is due out at 8:30 a.m. EST and is expected to rise to 0.8% versus 0.6%.


Vice President Biden meets with Senate Democratic Caucus.

Conference & Analyst Meetings

Analyst meetings VTSS DLR. African Mining Congress and SEMICON Korea meet.

Conference of Note

None of note.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan
Goldman Sachs
Morgan Stanley
Deutsche Bank
Citigroup NAZBY
Merrill Lynch VALE CTXS
Wachovia/Wells Fargo
Credit Suisse
Banc of America
Lazard FIO
Raymond James
Bernstein KEY RF
Credit Agricole
Stifel Nicolaus
Societe Generale
Keefe Bruyette
Friedman Billings CLB
Robert W. Baird
Needham JDSU
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