Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook Futures Higher

In After Hours Trading

IPOS to be priced this week include Garrison Capital, NVS Holdings and Pinnacle Foods. No secondaries on deck yet. Courtesy of www.ipofinancialreport.com.

What’s Happening This Morning

US futures: (S&P +6.75, Dow Jones +43, NDX +15.50 with fair value a bit lower adding to the positive open) Asia higher ex Shanghai and Europe higher. Copper and gold lower with WTI Crude and Brent Oil Futures higher. $ is lower vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury Yield +0.026. Prices as of 7:45 a.m. EST.

Earnings Expected

Reports due after the close FMCN AUQ VECO SONC GMAN PRTS. Due tomorrow morning NEOG PLCE 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

APOL (+.16) DG (+.05) JASO (-1.09).

Data Points

Yesterday saw 1861 stocks rise and 1092 fall on the NYSE. NASDAQ saw 1446 rise and 951 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 back to positive. We moved to cash on the Madison Market Timing Indicator which can be found on www.superstockinvestor.com.



Releases of note this week include weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims along with durable goods, consumer confidence, new home sales, Q4 GDP, Chicago PMI, personal income and Michigan Sentiment. None due today.


Cyrpus Government reaches a deal with the ECB.

Conference & Analyst Meetings

Analyst meetings none of note. Morgan Stanley Technology, Media and Telecom Conference, BNP Paribas Healthcare Conference and Game Developers Conference.

Conference of Note

EclipseCon Boston 2013 which features many tech companies.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan    
Goldman Sachs ALL RNR PRE
Morgan Stanley    
Deutsche Bank    
Merrill Lynch CEO ARG
Wachovia/Wells Fargo    
Credit Suisse    
Banc of America    
Nomura   REMYF
KeyBanc Capital    
Sun Trust Robinson Humphrey    
Raymond James    
Credit Agricole    
Dahlman Rose    
Keefe Bruyette    
Friedman Billings    
Robert W. Baird    
Needham GALE SFLY  
Sun Trust RH CEB  
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