In After Hours Trading
Earnings reported after the close GII (+.01) GPN (-.02) CALL (+.40) OXM (-.05) TISI (-.02).
Secondaries announced after the close ARCC GIFI SEP. Secondaries due this morning IRET NAT PRE. Courtesy of www.ipofinancialreport.com.
What’s Happening This Morning
US futures: (S&P +1, Dow Jones +2, NDX +1.50 with fair value lower, which will improve the opening fractionally) Asia lower ex Japan and Europe lower. Copper and gold lower with WTI Crude and Brent Oil Futures lower. $ is higher vs Euro, flat vs. Pound and flat vs. Yen. US 10 year Treasury Yield +0.0004. Prices as of 7:45 a.m. EST.
Earnings Expected
Reports due after the close DDC RH SHLM MG SVM MIND. Due tomorrow morning RPM ISCA SCHN MHR GBX SMRT 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
CAG (-.01) CONN (-.01) JOSB (+.03) OMN (-.07).
Data Points
Yesterday saw 1436 stocks rise and 1538 fall on the NYSE. NASDAQ saw 1001 rise and 1340 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 positive. We moved to cash on the Madison Market Timing Indicator on February 22nd which can be found on www.superstockinvestor.com.
Economics
ADP March Employment Report is released at 8:15 a.m. EDT. The Bank of England (BOE) and Bank of Japan (BOJ) hold monetary policy meetings. A rate decision from the BOJ will be due overnight.
Politico
The House and Senate are on break this week.
Federal Reserve President John Williams and Federal Reserve St. Louis Bullard speak on monetary policy and the state of the economy.
Conference & Analyst Meetings
Analyst meetings CRM PLAB CJES. New York International Auto Shows runs through Sunday. Geosynthetics Conference is held in Long Beach, California. Cloud Connect. Morgan Stanley Retail & Restaurant Conference & Field Trip.
Conference of Note
New York International Auto Shows runs through Sunday.
M & A News
Key Upgrades and Downgrades
| Firm | Upgrades | Downgrades |
|---|---|---|
| JP Morgan | ||
| Goldman Sachs | XEL | |
| Morgan Stanley | ADT | |
| Deutsche Bank | ||
| Citigroup | CRL | |
| Merrill Lynch | AMG | LM CNS EV |
