In After Hours Trading
No major events over the weekend.
What’s Happening This Morning
US futures: (S&P -3.75, Dow Jones -19, NDX -7.00 with fair value a bit higher so a slightly more negative on track) Asia mixed and Europe lower. Copper lower and gold higher with WTI Crude and Brent Oil Futures lower. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury Yield -0.0044. Prices as of 7:45 a.m. EST.
Earnings Expected
Due after the close URBN CASY HMIN ALOG STEI SGMS PWRD DMND XPRT and due tomorrow morning before the open COST GLDD EJ CORE BPI TICC LMIA BONT CACH.
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
CSIQ (-.18) DKS (-.03).
Data Points
Yesterday saw 2013 stocks rise and 970 fall on the NYSE. NASDAQ saw 1638 rise and 738 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 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
Releases of note this week include weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims along with retail sales, PPI, CPI, Michigan Sentiment and industrial production.
Politico
Bank of Japan latest meeting minutes due today. Huse Budget Chairman Paul Ryan will unveil new budget plan on Tuesday.
Conference & Analyst Meetings
Analyst meetings AKAM TREX. Credit Suisse Services Conference.
Conference of Note
Bank of America Merrill Lynch Taiwan, Technology and Beyond Conference.
M & A News
Key Upgrades and Downgrades
| Firm | Upgrades | Downgrades |
|---|---|---|
| JP Morgan | ||
| Goldman Sachs | ||
| Morgan Stanley | ||
| Deutsche Bank | ||
| Citigroup | ||
| Merrill Lynch | ||
| Wachovia/Wells Fargo | ||
| Credit Suisse | AHL | |
| Banc of America | ||
| UBS | ||
| Lazard | ||
| Piper Jaffray | ||
| Jefferies | ||
| Raymond James | ||
| Sun Trust Robinson Humphrey | ||
| Canaccord Genuity | ||
| Credit Agricole | ||
| Dahlman Rose | ||
| Keefe Bruyette | ||
| Friedman Billings | ||
| Robert W. Baird | MAIN |
