In After Hours Trading
COO (+.04) FNSR (+.01) P (+.01) ZQK (-.09) SKUL (-.012) WPRT (-.21) WDAY (+.05)against estimates.
Secondaries announced TXMD AI CHTR NXPI PYMX AMTG PCYC HTGC. Pricings for today AMTG AI BKU CHTR DFRG HTGC HPTX NXPI PCYC PYMX. No IPOs on deck for today.
Listings courtesy of IPO Financial Network (www.ipofinancial.com)
What’s Happening This Morning
US futures: (S&P +4.25, Dow Jones +38, NDX +4.50 with fair value lower so a even more positive open on track) Asia higher ex Shanghai and Europe higher. Copper and gold lower with WTI Crude and Brent Oil Futures lower. $ is higher vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury Yield +0.0209. Prices as of 7:55 a.m. EST.
Earnings Expected
It’s the weekend and Miller Time! Enjoy the weekend.
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
FL (+.01) FSYS (+.04) MEA (-.04).
Data Points
Yesterday saw 1749 stocks rise and 1263fall on the NYSE. NASDAQ saw 1488 rise and 960 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 which can be found on www.superstockinvestor.com.
Economics
Nonfarm Payroll and the Unemployment Rate are due out at 8:30 a.m. EST and expected to drop to 152,000 versus 157,000 while the unemployment rate drops to 7.8% from 7.9%. The latest USDA Crop Report is released at 8:30 a.m. EST.
Politico
President Obama had a constructive lunch with House leaders yesterday. IT APPEARS THERE IS MOVEMENT ON THE SEQUESTER.
Conference & Analyst Meetings
Analyst meetings BVN UNH CLIR.
Conference of Note
Bank of America Merrill Lynch 2013 Refining Conference.
M & A News
Key Upgrades and Downgrades
| Firm | Upgrades | Downgrades |
|---|---|---|
| JP Morgan | ||
| Goldman Sachs | ||
| Morgan Stanley | ||
| Deutsche Bank | ||
| Citigroup | NCLH | |
| Merrill Lynch | WHR | |
| Wachovia/Wells Fargo | ||
| Credit Suisse | ||
| Banc of America | ||
| UBS | ||
| Lazard | ||
| Piper Jaffray | ||
| Jefferies | ||
| Raymond James | ||
| Sun Trust Robinson Humphrey | HPY | |
| Canaccord Genuity | TIF | |
| Credit Agricole | ||
| Dahlman Rose | ||
| Keefe Bruyette | ||
| Friedman Billings | ||
| Robert W. Baird | ||
| Needham | P |
