Joined Dec 4, 2012
319 Blog Posts

Morning Briefing: Data Dump This Morning

In After Hours Trading

IPOs on deck none of note. Secondaries On Deck OOMA WPX.

In After Hours Trading: none of note.

Lower Guidance: .

Mixed Guidance: .

Positive Guidance: .

What’s Happening This Morning

U.S. futures: S&P +2.50, Dow Jones +14, NDX +6.50 and Russell 2000 +2.60. Asia and Europe higher.

Copper, silver and gold lower. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury yield at 2.35% yield, one month change -12 and +25 one year change. Prices as of 7:55 a.m. EDT.


Top Sectors Utilities.

Weak Sectors Conglomerates led the way down with Industrials and Financials.

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): none of note.

Due Tuesday morning (by avg. trade volume descending): OZRK CMA INFO MS EDU SNY UNH.

Rags & Mags: Inside Wall Street

Bloomberg: In a speech yesterday, Federal Reserve Chairman Yellen was positive on the economy and thought it was also close to the 2% inflation level. Lots of data this morning will move markets. Stocks no longer the most traded securities. Davos could be part of the global problem?

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): BAC +.02 BLK +.12 FHN -.02 INFY +.80 JPM +.29 PNC +.13.

Missing: SJR.

Lower Guidance: TSM.

Current Morning missing: .

Mixed Guidance: .

Positive Guidance: .

Data Points

Yesterday saw 1145 stocks rise and 1761 fall on the NYSE. NASDAQ saw 959 rise and 1883 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.


December PPI is due out at 8:30 a.m. EST and is expected to come in at 0.3% from 0.4%.

December Retail Sales are due out at 8:30 a.m. EST and are expected to rise to 0.7% from 0.1%.

January Michigan Sentiment is due out at 10:00 a.m. EST and is expected to rise to 98.8 from 98.2.


Federal Reserve Philadelphia President Patrick Harker will speak at 9:30 a.m. EST.

Conference & Analyst Meetings

Meetings, Conference Calls or Announcements of note, JWA. JP Morgan Healthcare Conference.

Conference of Note

North American Auto Show in Detroit. Precision Genome Engineering Conference.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan
Goldman Sachs
Morgan Stanley
Deutsche Bank
Merrill Lynch
Wachovia/Wells Fargo
Credit Suisse IAG
Banc of America
Key Banc
Sanford Bernstein
Jefferies MBLY
Needham MX
Raymond James FB
Friedman Billings
Robert W. Baird ZAYO CCOI
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