Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook

February 5, 2013

In After Hours Trading

APC (+.19) BIDU (+.00) EW (+.00) GILD (+.02) HIG (+.19) YUM (+.01).

What’s Happening This Morning

US futures: (S&P +7.50, DJI +70, NDX +13.75 with fair value higher) Asia lower ex Shanghai and Europe higher. Copper and gold higher with WTI Crude and Brent Oil Futures higher. $ is lower vs Euro, higher vs. Pound and higher vs. Yen. US ten-year Treasury Yield +.0595. Prices as of 7:40 a.m. EST.

Earnings Expected

Due after the close today DIS SU AFL CME EQR NLY CERN FISV CHRW CMG EXPE LNC GNW HAIN among others and due tomorrow morning TWX KRFT MT MRO CMI PLD RL MPEL VMED ICE WYN ELN USG SMG among others.

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

ADM(+.02) BDX (+.11) BP (+.49) CAH (+.07) CNC (+.14) DO (+.01) ETN (+.04) NYX (+.03) UBS (-.63)

Data Points

Yesterday saw 645 stocks rise and 2379 fall on the NYSE. NASDAQ saw 580 rise and 1918 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 ISM Services is due out at 10:00 a.m. EST and is expected to come in at 55.5 against 56.1.


House Whip Rep. Eric Cantor (R-Va) will give a speech today on the remake of the Republican Party. A preview of this speech will be on CNBC this morning.

Conference & Analyst Meetings

Analyst meetings MTOR TIBX. Grocery Manufacturers Food Marketing Institute Supply Chain Conference, Stifel Technology & Telecom Conference, Credit Suisse Energy Summit, Canadian Oil Sands Summit, .

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 ALDW
Morgan Stanley
Deutsche Bank
Citigroup M BBBY TGT
Merrill Lynch ZNGA
Wachovia/Wells Fargo
Credit Suisse HGG
Banc of America
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