Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook Futures Higher

In After Hours Trading

Earnings reported after the close MND (-.13).

Secondaries announced after the close LSE. Nothing on deck so far. Courtesy of www.ipofinancialreport.com.

What’s Happening This Morning

US futures: (S&P +6, Dow Jones +52, NDX +10.50 with fair value lower, which will improve the opening a bit) Asia lower ex Japan and Europe higher ex the FTSE. Copper and gold lower with WTI Crude and Brent Oil Futures higher. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury Yield +0.0052. Prices as of 7:45 a.m. EST.

Earnings Expected

Reports due after the close WDFX XRTX. Due tomorrow morning none of note.

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

GBX (+.12) ISCA (-.03) RPM (+.01) (-.07).

Data Points

Yesterday saw 648 stocks rise and 2365 fall on the NYSE. NASDAQ saw 582 rise and 1796 fall. The S&P 500 is above its 50 day moving average and above the 200 day moving average. The Russell 2000 broke its 50 day moving average yesterday. 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.



Challenger, Gray & Christmas released its latest job cuts data and there were 49,255 cuts. Weekly Jobless Claims take on added significance with Friday’s Jobs Data. The Bank of England (BOE) left rates unchanged. European Central Bank (ECB) keeps rates on hold as well. ECB President Mario Draghi will hold a press conference at 8:30 a.m. EDT.


The House and Senate are on break this week.


Federal Reserve Chairman Bernanke speaks Thursday as does Federal Reserve Vice Chairman Janet Yellen who speaks at the Sabew Spring Conference in Washington, D.C.

Conference & Analyst Meetings

Analyst meetings EPIQ FB PRIM WPC PDCE. New York International Auto Shows runs through Sunday. Geosynthetics Conference is held in Long Beach, California and concludes today. Cloud Connect.

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 EAT  
Morgan Stanley    
Deutsche Bank ALU  
Merrill Lynch    
Wachovia/Wells Fargo    
Credit Suisse    
Banc of America    
Raymond James TAHO  
Lazard FNSR AAPL  
Jefferies ULTA  
KeyBanc Capital    
Sun Trust Robinson Humphrey    
Credit Agricole    
Dahlman Rose    
Keefe Bruyette    
Friedman Billings    
Robert W. Baird    
Needham PANL  
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