February 4, 2013
In After Hours Trading
Baltimore Ravens win the Superbowl agains the San Francisco 49ers. Joe Flaco named MVP.
What’s Happening This Morning
US futures: (S&P -4.10, DJI -38, NDX -6.75 with fair value higher) Asia higher ex Hong Kong and Europe lower. Copper and gold lower with WTI Crude and Brent Oil Futures lower. $ is higher vs Euro, lower vs. Pound and higher vs. Yen. US ten-year Treasury Yield +.010. Prices as of 8:00 a.m. EST.
Earnings Expected
Due after the close today GILD APC BIDU YUM GGP LIFE HIG EW HOLX TMK and due tomorrow morning TM BP UBS EMR AGN ADP EL K ARMH ETN ADM.
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
BHE (+.03) CYOU (+.09) HMST (+.24) HUM (+.122) MWIV (+.13) GOLD (-.24) SPG (+.12) SOHU (+.04) TDG (-.03)
Data Points
Yesterday saw 2317 stocks rise and 684 fall on the NYSE. NASDAQ saw 1799 rise and 686 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.
Economics
December Factory Orders are due at 10:00 a.m. EST and are expected to come in at 2.3% versus 0%.
Politico
The Congressional Budget Office releases its latest review at 8:00 a.m. EST.
Conference & Analyst Meetings
Analyst meetings PLCM. Grocery Manufacturers Food Marketing Institute Supply Chain Conference.
Conference of Note
International Symposium on Recent Advances In Drug Delivery Systems
M & A News
Dell (DELL) in final negotiations to go private.
Key Upgrades and Downgrades
| Firm | Upgrades | Downgrades |
|---|---|---|
| JP Morgan | ||
| Goldman Sachs | ||
| Morgan Stanley | MRK | |
| Deutsche Bank | ||
| Citigroup | COLM | |
| Merrill Lynch | OAK TKR | |
| Wachovia/Wells Fargo | ||
| Credit Suisse | LNEGY | |
| Banc of America | ||
| UBS | ||
| Lazard | ||
| Barclays | ||
| Jefferies | ||
| Raymond James | ||
| KeyBanc | ||
| Janney Montgomery | ||
| Credit Agricole | ||
| Dahlman Rose | NSC | |
| Keefe Bruyette | ||
| Friedman Billings | ||
| Robert W. Baird | ||
| Needham | UCTT PKT |
