In After Hours Trading
ADI (-.01) CF (+.44) DELL (+.01) FNF (+.11) LOPE (+.04) HLF (+.04) LZB (+.05) MAR (+.01) NBR (+.15) NFX (-.14) ROG (+.02) SINA (+.08) TXRH (+.01). Lower guidance from KONA MM SHO.
Secondary Offerings this morning NRF ONCY TRNO. Filed yesterday KORS TRNO ONCY. (Courtesy of IPO Financial Network)
What’s Happening This Morning
US futures: (S&P -1.00, Dow Jones -3, NDX -3.50 with fair value slighlty higher) Asia higher and Europe mixed. Copper and gold lower with WTI Crude higher and Brent Oil Futures lower. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US ten-year Treasury Yield +.007. Prices as of 7:45 a.m. EST.
Earnings Expected
Due after the close WMB WPZ ETE ETP AUY FLR CXO SXL SNPS KBR TSLA TRN PAAS SAM CAKE CROC JACK and HNZ PCG PEG ESV CHK HST HRL TIM SWY DDS PDCO TFX TTC DAN TK LTM IMAX tomorrow morning.
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
AVA(-.19) CLH (+.67) DISH (-.06) DTE (-.02) GRMN (-.06) ODP (-.03) OC (-.05) TOL (-.09).
Data Points
Yesterday saw 2085 stocks rise and 927 fall on the NYSE. NASDAQ saw 1674 rise and 812 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 which can be found on www.superstockinvestor.com.
Economics
January Housing Starts and January PPI are due out at 8:30 a.m. EST and are expected to come in at 920,000 versus 954,000 and 0.4% against -0.3%.
Politico
The Bank of England (BOE) releases its latest minutes. FOMC Minutes at 2:00 p.m. EST.
Conference & Analyst Meetings
Analyst meetings G TGI KEY. Consumer Analyst Group of NY Conference, Bank of America Merrill Lynch India Investor Conference and Barclays Capital Industrial Conference.
Conference of Note
Barclays Capital Industrial Conference.
M & A News
TSYS to buy NTSP for $16.00 a share in cash.
Key Upgrades and Downgrades
| Firm | Upgrades | Downgrades |
|---|---|---|
| JP Morgan | ||
| Goldman Sachs | ||
| Morgan Stanley | ||
| Deutsche Bank | ||
| Citigroup | MDP | |
| Merrill Lynch | ||
| Wachovia/Wells Fargo | SEE | |
| Credit Suisse | ||
| Banc of America | ||
| UBS | WIN | |
| Lazard | ALXN | |
| Barclays | ||
| Jefferies | ||
| Raymond James | ||
| ABN Amro | AEG | |
| Cantor Fitzgerald | ||
| Credit Agricole | ||
| Dahlman Rose | ||
| Keefe Bruyette | ||
| Friedman Billings | ||
| Robert W. Baird | ||
| Needham | FNGN |
