In After Hours Trading
CCRN (-.30) OMER (+.05) SSRX (-.03) ZIOP (-.19)
What’s Happening This Morning
US futures: (S&P +1, Dow Jones +4, NDX +1.80 with fair value lower so positive to the open) Asia mixed and Europe lower. 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 -0.0174. Prices as of 7:30 a.m. EST.
Earnings Expected
Due after the close ADBE TRQ CTAS WSM AIR. Due tomorrow morning FDX GIS LEN ATU.
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
DSW (-.03) FDS (-.09) RTK (-.04) RNF (-.17) SVNT (+.06) WAG (+.03).
Data Points
Yesterday saw 1169 stocks rise and 1851 fall on the NYSE. NASDAQ saw 799 rise and 1589 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
February Housing Starts are due out at 8:30 a.m. EDT and are expected to rise to 916,000 from 890,000.
Politico
Cyrpus Parliament is meeting to vote on levy proposal.
Conference & Analyst Meetings
Analyst meetings KLIC. Roth Annual Conference, Sidoti Emerging Growth Conference, Credit Suisse Asian Investment Conference, NYSSA Annual Insurance Conference, Exane BNP Paribas Basic Materials Seminar, Morgan Stanley European Financials Conference, Citi Annual European & Emerging Markets Telecoms Conference, Barclays Emerging Payments Conference and Bank of America Merrill Lynch Global Industrials & EU Conference.
Conference of Note
Roth Annual Conference
M & A News
Key Upgrades and Downgrades
| Firm | Upgrades | Downgrades |
|---|---|---|
| JP Morgan | ||
| Goldman Sachs | JNPR | |
| Morgan Stanley | KSS | |
| Deutsche Bank | ||
| Citigroup | ||
| Merrill Lynch | RSH | |
| Wachovia/Wells Fargo | ||
| Credit Suisse | ||
| Banc of America | ||
| UBS | ||
| Lazard | ||
| Cowen | AUY | |
| Jefferies | ACAD | |
| KeyBanc Capital | KS | |
| Sun Trust Robinson Humphrey | ||
| Raymond James | YHOO |
