Joined Dec 4, 2012
319 Blog Posts

Morning Briefing Earnings Fast & Furious Now $SPY

In After Hours Trading

IPOs on deck AnaptsyBio (ANAB) and ObsEva SA (OBSV). Secondaries On Deck AGI ENTL KINS KRNT SVA USFD.

In After Hours Trading: BCG +.07 CTXS +.12 FFIV +.05 LRCX +.05 LVS -.04 MAT -.19 MCK -.04 RJF +.06 URI +.37 VRTX +.06 WDC +.18 XLNX +.03.

Lower Guidance: .

Mixed Guidance: .

Positive Guidance: .

What’s Happening This Morning

U.S. futures: S&P +0.25, Dow Jones +18, NDX +9.25 and Russell 2000 +0.20. Asia higher and Europe higher.

Copper, silver and gold lower. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury yield at 2.54% yield, one month change +0 and +55 one year change. Prices as of 7:45 a.m. EDT.


Top Sectors All except for Conglomerates.

Weak Sectors Conglomerates.

One month winners All ex COnglomerates.

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): GOOGL MSFT INTC SBIX VMW BCR KLAC MXIM EMN JNPR ETFC among others.

Due Friday morning (by avg. trade volume descending): CVX ABBV HOM CL NEE GD APD AAL BEN among the leaders.

Rags & Mags: Inside Wall Street

Bloomberg: U.K. grew om Q4 at 0.6% better than expected due to Brexit. Bond yields are back above 2.50%. Does Dow 20,000 mean time to sell?

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): BIIB +.08 CAT +.16 CMCSA +.02 DOW +.11 ERIC -.26 FCAI -.05 F -.02 LLL+.29 MJN -.03 NOC +.47 OSK +.14 PHM +.08 LUV +.06 SWK +.03TROW +.17 WHR -.07.

Missing: .

Lower Guidance: .

Current Morning missing: .

Mixed Guidance: .

Positive Guidance: .

Data Points

Yesterday saw 1909 stocks rise and 1045 fall on the NYSE. NASDAQ saw 1988 rise and 840 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.


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

December Leading Indicators are due out at 10:00 a.m. EST and are expected to rise to 0.5% from 0%.

December New Home Sales are due out at 10:00 a.m. EST and are expected to fall to 588,000 from 592,000.

Weekly Natural Gas Inventories due out at 10:30 a.m. EST.


President Trump will travel to Philadelphia to meet with Republicans in an off site meeting.

Eurogroup meets in Brussels.

Conference & Analyst Meetings

Meetings, Conference Calls or Announcements of note, URI . CIBC Whistler Institutional Investor Conference.

Conference of Note

M & A News

Johnsonm & Johnson (JNJ) to buy Swiss held Actelion (ALIOY) for $280 per share.

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan
Goldman Sachs
Morgan Stanley
Deutsche Bank
Merrill Lynch SGMS IGT
Wachovia/Wells Fargo
Credit Suisse
Banc of America
Key Banc
Sanford Bernstein
Nomura PKX
Raymond James
Friedman Billings
Stifel MTOR
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