Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook

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.



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.


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    
Raymond James    
Societe Generale    
KeyBanc Capital    
Sun Trust Robinson Humphrey AVIV  
Raymond James    
Credit Agricole    
Dahlman Rose    
Keefe Bruyette    
Friedman Billings    
Robert W. Baird    
Needham TTPH  
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