In After Hours Trading
IPOs on deck none of note today. Secondaries HLI SRRA XGTI.
In After Hours Trading: BLKB +.04 CINF +.10 CMP +.26 DNB -.04 EFX +.05 PAYC +.05 PRU +.14 TRMB +.01.
Lower Guidance: WFM.
Mixed Guidance: .
Positive Guidance: X.
What’s Happening This Morning
U.S. futures: S&P +4.50, Dow Jones +33, NDX +5.50 and Russell 2000 +4.50. Asia mixed and Europe higher.
Copper, silver and gold higher. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro,lower vs. Pound and higher vs. Yen. US 10 year Treasury yield at 2.36% yield, one month change -5 and +62 one year change. Prices as of 7:55 a.m. EDT.
Top Sectors Utilities, Services and Consumer Goods.
Weak Sectors Financials, Industrial Goods and 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): NVDA ATVI CERN EXPE MHK AGU DVA WU VRSN among the leaders.
Due Friday morning (by avg. trade volume descending): AON MT VTR CBG BPL IPG CPN AXL among the leaders.
Rags & Mags: Inside Wall Street
Bloomberg: Brexit can move ahead as Parliament voted to extend power to British Prime Minister May to move ahead. President Trump sends letter to China to discuss relations. Chinese Yuan at a perfect point. Markets getting back to normal post election.
Reported Earnings This Morning
Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): BZH -.02 BAM +.31 CLF +.16 CVS +.04 DTE -.07 DNKN +.03 FAF +.11 K +.07 PTEN +.02 ODS +.05 TDC +.07 TRI +.04 TWTR +.0E YUM +.06 .
Missing: .
Lower Guidance: .
Current Morning missing: .
Mixed Guidance: .
Positive Guidance: .
Data Points
Yesterday saw 1660 stocks rise and 1279 fall on the NYSE. NASDAQ saw 1268 rise and 1563 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.
Economics
Weekly Natural Gas Inventories are due out at 10:30 a.m. EST.
The NYSE and NASDAQ release the latest short interest statistics after the close today.
Politico
Federal Reserve St. Louis President James Bullard will speak at 9:10 a.m. EST, and then Federal Reserve Chicago President Charles Evans will speak at 1:10 p.m. EST.
Conference & Analyst Meetings
Meetings, Conference Calls or Announcements of note, SAP INTC KO.
Conference of Note
Women’s Fashion Week starts in New York City.
M & A News
Key Upgrades and Downgrades
| Firm | Upgrades | Downgrades |
|---|---|---|
| JP Morgan | ||
| Goldman Sachs | ||
| Morgan Stanley | ||
| Deutsche Bank | ||
| Citigroup | TECH WLK |
