In After Hours Trading
ABM (+.04) APP (+.06) ASNA (+.03) CWST (+.08) DCO (-.10) GSS (+.02) QUAD (-.53) SNTS (+.07) SNHY (+.03) TCRD (+.02). Secondaries announced FR DFRG TRLA WPZ WCRX MRC JCP UBNT JAZZ KAR BNNY. Pricings for today FR JAZZ JCP UBNT WCRX WPZ. One IPO on deck for today Professional Diversity Network (IPDN). Listings courtesy of IPO Financial Network (www.ipofinancial.com)
What’s Happening This Morning
US futures: (S&P +3.75, Dow Jones +30, NDX +11.75 with fair value a bit lower) Asia and Europe higher. Copper and gold higher with WTI Crude and Brent Oil Futures higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US ten-year Treasury Yield +.0223. Prices as of 7:45 a.m. EST.
Earnings Expected
Earnings due after the close ASNA ABM QUAD SHFL SNTS TUMI. Due tomorrow morning BNS KRO HEES RIGL BKR OXF.
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
HEES (+.01) RIGL (+.02).
Data Points
Yesterday saw 1661 stocks rise and 1308 fall on the NYSE. NASDAQ saw 1321 rise and 1135 fall. The S&P 500 is above its 50 day moving average and above the 200 day moving average. The 10 day spread moving average of breadth is now BACK TO POSITIVE so our buy has not been concluded yet. We moved to cash on the Madison Market Timing Indicator last week which can be found on www.superstockinvestor.com.
Economics
Releases of note this week include weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims along with factory orders, Q4 productivity, nonfarm payrolls and the unemployment rate as well as the ADP Jobs Report and the Challenger Gray & Christmas Jobs Cut Report. All data is Wednesday onward.
Politico
The Reserve Bank Of Australia (RBA) did not raise interest rates. Brazil Central Bank will announce any changes to its rate policy at 10:00 a.m. EST. Federal Reserve Bank Richmond President Jeffrey Lacker speaks at 2:00 p.m. EST.
Conference & Analyst Meetings
Analyst meetings XLNX TDC. Raymond James Conference, Deutsche Bank Media & Telecom Conference, Cowen Health Care Conference, Morgan Stanley Asia Technology, Media, Telcoms and Internet Conference, Deutsche Bank Access Consumer Retail Gaming & Lodging Conference and Citigroup Global Property Conference.
Conference of Note
American Academy of Dermatology Annual Meeting.
M & A News
KKR likely to bid today for Gardner Denver (GDI)
Key Upgrades and Downgrades
| Firm | Upgrades | Downgrades |
|---|---|---|
| JP Morgan | ||
| Goldman Sachs | ||
| Morgan Stanley | ||
| Deutsche Bank | ||
| Citigroup | ZFC | |
| Merrill Lynch | HIIQ | |
| Wachovia/Wells Fargo | ||
| Credit Suisse | EVEP ZFC | |
| Banc of America | ||
| UBS | ||
| Lazard | ||
| Piper Jaffray | ||
| Jefferies | AEGR SUPN ANTH DYAX | |
| Raymond James | ||
| Sun Trust Robinson Humphrey | ||
| Cantor Fitzgerald | YHOO | |
| Credit Agricole | ||
| Dahlman Rose | ||
| Keefe Bruyette | ||
| Friedman Billings | ||
| Robert W. Baird | ||
| Needham | SSYS KBOP |
