In After Hours Trading
ENVI (+.01) LNDC (+.01) MFRM (-.01) MBLX (+.01) SAI (+ 0.03)
IPOS to be priced this morning Garrison Capital and NV5 Holdings. Secondaries announced after the close BMR TUMI ACMP COA. Courtesy of www.ipofinancialreport.com.
What’s Happening This Morning
US futures: (S&P -7.20, Dow Jones -65, NDX -13 with fair value a bit lower) Asia higher and Europe lower. Copper and gold lower with WTI Crude lower and Brent Oil Futures higher. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury Yield -0.0502. Prices as of 7:55 a.m. EST.
Earnings Expected
Reports due after the close PAYX RHT PVH FUL SCS TXI SNX VRNT RH PRGS XONE AVID SOQ. Due tomorrow morning ACN MOS DFS BBRY SIG GME CMC UTIW AH FINL MHR WGO FRED ADY SORL KID.
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
UNF (-.21).
Data Points
Yesterday saw 2066 stocks rise and 924 fall on the NYSE. NASDAQ saw 1248 rise and 1072 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 on February 22nd which can be found on www.superstockinvestor.com.
Economics
Weekly Crude Inventories are due at 10:30 EDT.
Politico
The House and Senate are on break this week and next week. Federal Reserve Chicago President Charles Evans will speak.
Conference & Analyst Meetings
Analyst meetings GAS ARUN Z. Morgan Stanley Technology, Media and Telecom Conference, Morgan Stanley Chicago Freight Transport & Airline Summit 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 | ||
| Morgan Stanley | CLF | |
| Deutsche Bank | ||
| Citigroup | DSW | |
| Merrill Lynch | LVMUY BBD | |
| Wachovia/Wells Fargo | ||
| Credit Suisse | ||
| Banc of America | ||
| UBS | ||
| Raymond James | ENPH |
