Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook: Jobs Friday

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.



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.


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    
Piper Jaffray    
Raymond James    
Sun Trust Robinson Humphrey HPY  
Canaccord Genuity   TIF
Credit Agricole    
Dahlman Rose    
Keefe Bruyette    
Friedman Billings    
Robert W. Baird    
Needham P  
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