Joined Dec 4, 2012
319 Blog Posts

Morning Briefing: Futures Lower With Lots Of Data Points Today

Below is a morning briefing I put together each day. It helps understand what is moving markets.

In After Hours Trading

IPOs on deck none of note. Secondaries On Deck HLX HPP KNOP KRC LOXO MYL.In After Hours Trading: SONC +.03.

Lower Guidance: .

Mixed Guidance: .

Positive Guidance: .

What’s Happening This Morning

U.S. futures: S&P -5, Dow Jones -25, NDX -11 and Russell 2000 -4.60. Asia mixed and Europe a bit lower.Copper higher with silver and gold higher. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield at 2.44% yield, one month change +4 and +20 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors All.

Weak Sectors None.

One month winners All.

Three Month Winners Conglomerates, Industrial Goods, Financials, Energy and Materials.

Six Month Winners Conglomerates, Industrial Goods, Financials, Energy and Materials.

One Year Winners Energy, Materials, Industrial Goods and Utilities.

Year To Date All.

Earnings Expected

Earnings due after the close (by avg. trade volume): HELE PSMT.Due Friday morning (by avg. trade volume descending): ANGO AZZ GBX.

Rags & Mags: Inside Wall Street

Bloomberg: The Dollar is pulling back as uncertainty on how Trump policies will impact interest rates. The Yuan rallied. Gold continues its rise. Overseas markets are mixed.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): STZ +.24 WBA +.01.Missing: SCHN MON.

Lower Guidance: .

Current Morning missing: .

Mixed Guidance: .

Positive Guidance: .

Data Points

Yesterday saw 2582 stocks rise and 444 fall on the NYSE. NASDAQ saw 2253 rise and 653 fall.

The SP 500 is back above its 50 day exponential moving average and above its 200 day exponential moving average. The Russell 2000 is above its 50 day moving exponential average and its 200 day exponential moving average.

The 10 day spread moving average of breadth is back to invested as of November 15th. The Madison Market Timing Indicator is now invested since November 18th.

YTD 4066 stocks rose for 2016 and 2259 fell. Updated 12/30/16 close.


Monthly Challenger Gray Job Cuts totaled 33,627 job cuts for December.At 8:15 a.m. EST ADP Payroll is due out and estimates are for 170,000.

At 8:30 a.m. EST Weekly Jobless Claims are due out.

At 10:00 a.m. December ISM Services are due out and expected to come in at 56.6 from 57.2.

At 10:30 Weekly Natural Gas Inventories are due out.

At 11:00 a.m. Weekly Crude Inventories are due out.


Congress is back in session. Trump is tweeting. Anything is possible.

Conference & Analyst Meetings

Meetings, Conference Calls or Announcements of note, LB PWE EXTN PVCT IONS TMUS CYDY. Citibank Internet, Media and Telecom Conference. Wolfe Research Refiners Conference.

Conference of Note

The Consumer Electronic Show (CES) begins in Las Vegas today.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan
Goldman Sachs HLT
Morgan Stanley TRV
Deutsche Bank
Merrill Lynch VLO
Wachovia/Wells Fargo
Credit Suisse
Banc of America
Key Banc
Sanford Bernstein
Needham AEIS
Raymond James BCR
Societe Generale
Friedman Billings
Stifel DPM
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One comment

  1. Dr. Fly

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