Joined Dec 4, 2012
319 Blog Posts

Morning Briefing: Grandmonster To Speak After The Close

In After Hours Trading

IPOs on deck none of note. Secondaries On Deck ETRM EVBN.

In After Hours Trading: ADTN +.07 IBKR -.26 UAL +.05.

Lower Guidance: .

Mixed Guidance: .

Positive Guidance: .

What’s Happening This Morning

U.S. futures: S&P +2.00, Dow Jones +15, NDX +7.75 and Russell 2000 +3.20. Asia and Europe higher.

Copper, silver and gold lower. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury yield at 2.36% yield, one month change -23 and +33 one year change. Prices as of 7:55 a.m. EDT.


Top Sectors Utilities and Consumer Goods.

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): CNS FNB KMI NFLX SLM.

Due Thursday morning (by avg. trade volume descending): BK JBHT KEY PPG UNP .

Rags & Mags: Inside Wall Street


Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): ASML +.26 FAST +.02 GS +.28 USB +.01.

Missing: SCHW C CBSH.

Lower Guidance: TSM.

Current Morning missing: .

Mixed Guidance: .

Positive Guidance: .

Data Points

Yesterday saw 1339 stocks rise and 1630 fall on the NYSE. NASDAQ saw 844 rise and 2041 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 CPI is released at 8:30 a.m. EST and is expected to rise to 0.3% from 0.2%.

December Industrial Production is due out at 9:15 a.m. EST and is expected to rise to 0.6% from -0.4%.

The Federal Reserve Beige Book is released at 2:00 p.m. EST.


Federal Reserve Chairman Janet Yellen speaks from San Francisco on monetary policy at the Commonwealth Club at 3:00 p.m. EST.

Federal Reserve Minneapolis President Neel Kashkari will speak at 10:00 a.m. EST.

Conference & Analyst Meetings

Meetings, Conference Calls or Announcements of note, MSTR IMMU ASNA. TD Securities Mining Conference.

Conference of Note

Airline Economics Growth Frontiers

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 JCP KSS
Banc of America
Key Banc
Sanford Bernstein
Raymond James
Buckingham DECK
Friedman Billings
Guggenheim AZO
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One comment

  1. sarcrilege

    good news:
    “.., silver and gold lower. ”
    My favorite commodities are on sale. I love bargains.

    • 0
    • 0
    • 0 Deem this to be "Fake News"