In After Hours Trading
No earnings Friday after the close of note.
Several IPOs are due Blackhawk Network, Fairway Group, Hannon Armstrong Sustainable, Intelsat Global Holdings, SeaWorld Entertainment and Taminco Chemical.Secondary offerings none of note. Courtesy of www.ipofinancialreport.com.
What’s Happening This Morning
US futures: (S&P -6.50, Dow Jones -42, NDX -10.80 with fair value higher, which will hurt the opening) Asia lower and Europe lower. Copper and gold lower with WTI Crude and Brent Oil Futures lower. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury Yield -0.0137. Prices as of 8:00 a.m. EST.
Earnings Expected
Earnings due after the close BRO PNFP PBY STLY. Earnings due tomorrow morning JNJ KO GS USB BLK GWW NTRS AMTD CMA MMR WWW HTLD among others.
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
C (+.12) LAYN (-.12).
Data Points
Yesterday saw 1154 stocks rise and 1806 on the NYSE. NASDAQ saw 1006 risee and 1473 fall. The S&P 500 is above its 50 day moving average and above the 200 day moving average. The Russell 2000 broke back above its 50 day moving average on Monday. 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
Releases of note this week include weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims along with CPI, housing starts, industrial production, leading indicators and the Philly Fed Survey.
Politico
Minutes are due from the Reserve Bank of Australia (RBA) Monday night.
Conference & Analyst Meetings
Analyst meetings none of note. IPAA OGIS New York Conference. Supreme Court of hear MYGN gene patent issue.
Conference of Note
M & A News
TMO to buy LIFE for $75 a share. DISH extends bid for S, $4.76 cash and 0.05953 share of DISH per share)
Key Upgrades and Downgrades
| Firm | Upgrades | Downgrades |
|---|---|---|
| JP Morgan | ||
| Goldman Sachs | ||
| Morgan Stanley | VAR FCX | |
| Deutsche Bank | ||
| Citigroup | XRAY | HMY |
| Merrill Lynch | ||
| Wachovia/Wells Fargo | ||
| Credit Suisse | ||
| Banc of America | ||
| UBS | ||
| Raymond James | ||
| Societe Generale | ||
| Jefferies | ||
| KeyBanc Capital | ||
| Sun Trust Robinson Humphrey | AVIV | |
| Raymond James | ||
| Credit Agricole | ||
| Dahlman Rose | ||
| Keefe Bruyette | ||
| Friedman Billings | ||
| Robert W. Baird | ||
| Needham | TTPH |
