Daily P/Laybook: Futures Positive

February 12, 2013

In After Hours Trading

Reported Friday after the close CCJ (+.17) MTGE (+.53). GOOG Vice Chairman Eric Schmidt to sell $2.5 billion of stock.

What’s Happening This Morning

US futures: (S&P +3.50, DJI +33, NDX +4.50 with fair value higher) Japan lower and China closed through Thursday, Europe higher. Copper and gold lower with WTI Crude and Brent Oil Futures lower. $ is lower vs Euro, higher vs. Pound and higher vs. Yen. US ten-year Treasury Yield +.0271. Prices as of 7:50 a.m. EST.

Earnings Expected

Due after the close and tomorrow morning.

Rags & Mags: Inside Wall Street

We are big fans of www.247wallst.com summary of the newspapers each day. Going forward we will link to their website so you can read their summary, Media Digest

Reported Earnings This Morning

BWP(+.01) CNA (-.25) L(-.46) RDN (-.82)

Data Points

Yesterday saw 2001 stocks rise and 946 fall on the NYSE. NASDAQ saw 1494 rise and 838 fall. The S&P 500 now back above its 50 day moving average and above the 200 day moving average. The 10 day spread moving average of breadth is positive. We are back to invested on the Madison Market Timing Indicator.

 

Markets are closed in China through Thursday.

Economics

Releases of note this week include weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims along with retail sales (Wednesday), industrial production and Michigan Sentiment (both Friday).

Politico

Federal Reserve Vice Chairman Janet Yellen speaks at 13:00 p.m. EST. EU Finance Ministers meet on Monday as well.

Conference & Analyst Meetings

Analyst meetings SNCR SQI. Barclay Big Data Conference. KBW Cards, Payments & Financial Technology Symposium.

Conference of Note

Molecular Medicine Tri-Conference 2013.

M & A News

Key Upgrades and Downgrades

Firm	Upgrades	Downgrades
JP Morgan
Goldman Sachs	USAC
Morgan Stanley
Deutsche Bank
Citigroup		SCHW
Merrill Lynch	TSO
Wachovia/Wells Fargo
Credit Suisse
Banc of America
UBS
Lazard	AEGR

Comments »

February 8, 2013

In After Hours Trading

ATVI (+.06) COLM (+.012) HAS (-.20) LNKD (+.16) MCHP (+.02) NCR (+.02) PRI (-.03) RVBD (.00) XL (+.45).

What’s Happening This Morning

US futures: (S&P +0.50, DJI -5, NDX +4.80 with fair value slightly higher) Asia higher ex Japan and Europe higher. Copper and gold higher with WTI Crude and Brent Oil Futures higher. $ is higher vs Euro, lower vs. Pound and lower vs. Yen. US ten-year Treasury Yield -.0177. Prices as of 7:55 a.m. EST.

Earnings Expected

Due after the close CCJ MTGE.

Rags & Mags: Inside Wall Street

We are big fans of www.247wallst.com summary of the newspapers each day. Going forward we will link to their website so you can read their summary, Media Digest

Reported Earnings This Morning

AOL(+.01) CSL (+.04) ETR(+.01) IVC (+.12) LH (-.08) NBIX (+.22) SIRO (+.09)

Data Points

Yesterday saw 1280 stocks rise and 1698 fall on the NYSE. NASDAQ saw 929 rise and 1520 fall. The S&P 500 now back above its 50 day moving average and above the 200 day moving average. The 10 day spread moving average of breadth is positive. We are back to invested on the Madison Market Timing Indicator.

 

Economics

December Trade Balance is due out at 8:30 a.m. EST and is expected to come in at $-42.5 billion against $-45.4 billion. USDA Crop Report is due at 8:30 a.m. EST.

Politico

Federal Reserve Minneapolis President Kocherlakota speaks at 3:45 p.m. EST.

Conference & Analyst Meetings

Analyst meetings QLIK MAT GLW. BMO 210th Annual Infrastructure & Utilties Conference.

Conference of Note

Hempcon 2013.

M & A News

Key Upgrades and Downgrades

Firm	Upgrades	Downgrades
JP Morgan
Goldman Sachs
Morgan Stanley
Deutsche Bank
Citigroup	BIIB
Merrill Lynch	ACM VOD
Wachovia/Wells Fargo
Credit Suisse
Banc of America
UBS
Lazard
Barclays
Jefferies
Raymond James
KeyBanc
Cantor Fitzgerald
Credit Agricole
Dahlman Rose
Keefe Bruyette
Friedman Billings
Robert W. Baird
Needham	ESE

Comments »

February 7, 2013

In After Hours Trading

AKAM (+.05) DRIV (+.03) EFX (+.04) GMCR (+.12) LNC (+.05) OSUR (+.03) PAA (-.06) TSO (-.07).

What’s Happening This Morning

US futures: (S&P +1, DJI +8, NDX +1.20 with fair value slightly higher) Asia lower and Europe mixed. Copper higher and gold lower with WTI Crude and Brent Oil Futures higher. $ is lower vs Euro, lower vs. Pound and flat vs. Yen. US ten-year Treasury Yield +.0217. Prices as of 8:00 a.m. EST.

Earnings Expected

Due after the close today LNKD ACTI RSG AGNC XL NUAN MCHP FLT HAS NCR SLH RVBD PRI COLM among others and due tomorrow morning AEP ETR MCO LH BPL CSL GWR SIRO CBOE LPX AOL SXT BECN among others.

Rags & Mags: Inside Wall Street

We are big fans of www.247wallst.com summary of the newspapers each day. Going forward we will link to their website so you can read their summary, Media Digest

Reported Earnings This Morning

ALU(-.58) BCE (-.01) BG(-.01) CI (+.09) FLO (+.03) IFF (-.03) SIAL (+.01) TDC (+.05) TEVA (-.01).

Data Points

Yesterday saw 1758 stocks rise and 1210 fall on the NYSE. NASDAQ saw 1334 rise and 1084 fall. The S&P 500 now back above its 50 day moving average and above the 200 day moving average. The 10 day spread moving average of breadth is positive. We are back to invested on the Madison Market Timing Indicator.

 

Markets in Taiwan are closed today.

Economics

None of note today other than Jobless Claims due at 8:30 a.m. EST and then Matural Gas inventories at 10:30 a.m. EST.

Politico

The Bank of England held rates steady. Federal Reserve Chicago President Evans will be on CNBC at 8:00 a.m. EST. At 8:30 a.m. EST European Central Bank President Mario Draghi holds a press conference.

Conference & Analyst Meetings

Analyst meetings FUL HUM. Stifel Technology & Telecom Conference, Credit Suisse Energy Summitand the Cowen Group 34th Annual Aerospace/Defense Conference.

Conference of Note

Cowen Group 34th Annual Aerospace/Defense Conference as news on BA issues could be discussed.

M & A News

LCC and American Airlines are in final talks on a merger.

Key Upgrades and Downgrades

Firm	Upgrades	Downgrades
JP Morgan
Goldman Sachs
Morgan Stanley
Deutsche Bank
Citigroup	CNW AXAHY
Merrill Lynch
Wachovia/Wells Fargo
Credit Suisse		JNJ
Banc of America
UBS
Lazard
Barclays
Jefferies
Raymond James
KeyBanc
Cantor Fitzgerald	YELP
Credit Agricole
Dahlman Rose	RS
Keefe Bruyette
Friedman Billings
Robert W. Baird
Needham	VSAT IACI MEAS

Comments »

February 6, 2013

In After Hours Trading

CERN (+.03) CMG (-.01) GNW (+.06) MYGN (+.04) PNRA (+.01) SFLY (+.39) USNA (+06).

What’s Happening This Morning

US futures: (S&P -2.50, DJI -10, NDX -8.20 with fair value higher) Asia lower ex Shanghai and Europe higher. Copper lower and gold higher with WTI Crude and Brent Oil Futures lower. $ is higher vs Euro, lower vs. Pound and lower vs. Yen. US ten-year Treasury Yield -.0179. Prices as of 8:00 a.m. EST.

Earnings Expected

Due after the close today V PRU ALL PAA ORLY FMC AKAM EFX CINF GMCE among others and due tomorrow morning CS BCE TEVA MFC EXC NBL S SNE HOT BG TDC SIAL among others.

Rags & Mags: Inside Wall Street

We are big fans of www.247wallst.com summary of the newspapers each day. Going forward we will link to their website so you can read their summary, Media Digest

Reported Earnings This Morning

CMI(+.25) CVS (+.04) ELN(+.11) MSG (+.00) MRO (-.12) SMG (+.01) TWX (+.07) WYN (+.03)

Data Points

Yesterday saw 2185 stocks rise and 807 fall on the NYSE. NASDAQ saw 1806 rise and 683 fall. The S&P 500 now back above its 50 day moving average and above the 200 day moving average. The 10 day spread moving average of breadth is positive. We are back to invested on the Madison Market Timing Indicator.

 

Markets in Taiwan are closed both today and Thursday.

Economics

None of note today other than weekly MBA Mortgage Applications that came in at +3.4% versus -8.1% and Crude Inventories due at 10:30 a.m. EST.

Politico

Sequester seems to be moving forward as House GOP and President Obama hold firm on their positions.

Conference & Analyst Meetings

Analyst meetings TRI MWV IPCI UTX NOC. Grocery Manufacturers Food Marketing Institute Supply Chain Conference, Stifel Technology & Telecom Conference, Credit Suisse Energy Summit, Canadian Oil Sands Summit and the Cowen Group 34th Annual Aerospace/Defense Conference.

Conference of Note

Cowen Group 34th Annual Aerospace/Defense Conference as news on BA issues could be discussed.

M & A News

Key Upgrades and Downgrades

Firm	Upgrades	Downgrades
JP Morgan
Goldman Sachs	MMC
Morgan Stanley
Deutsche Bank
Citigroup	GCI CG WFR FSLR AEIS	STP
Merrill Lynch		CHRW
Wachovia/Wells Fargo
Credit Suisse
Banc of America
UBS
Lazard
Barclays
Jefferies
Raymond James	MHP

Comments »

We recommended shares in Chipolte (CMG) on 12/10 at $288.01. The stock is now over $26 higher.  Our picks are jamming, dare I say we are beating EVERYONE  on this website since we began writing. See our review last week. For all those that criticized my initial picks on the gun industry, I am looking more right every day.

That is why with the beginning of the new “Hunger Games”  or “Blogger Games” you need to vote for us. Who cares if someone writes something interesting or funny. THE BOTTOMLINE IS DID THE POST MAKE YOU BLING or did they BANK SOME COIN for you.

That is all for now. Remember to read us each day. GG

 

Comments »

February 5, 2013

When there is pain in the market it is very useful to run the retracement levels on the market. We like to use the S&P 500 and NASDAQ 100. The S&P 500 is the market and the NASDAQ 100 takes into account tech stocks, especially the weakness in Apple.

The normal pullback after the move we have seen is the 38.2% retracement. We are not even close to these levels. The NASDAQ 100 is somewhat close. This morning we are gaining back most that was lost yesterday. Pay attention to these levels going forward.

Also, it should be noted that the NASDAQ 100 has a very high Choppiness score at 69 indicating a new move is on the horizon. We do not know if the move is higher or lower just that it is imminent. Low scores which are circled indidcate the trend is exhausted.

Many were in panic mode yesterday. Thanks to these tools we were not.

Comments »

February 5, 2013

In After Hours Trading

APC (+.19) BIDU (+.00) EW (+.00) GILD (+.02) HIG (+.19) YUM (+.01).

What’s Happening This Morning

US futures: (S&P +7.50, DJI +70, NDX +13.75 with fair value higher) Asia lower ex Shanghai and Europe higher. Copper and gold higher with WTI Crude and Brent Oil Futures higher. $ is lower vs Euro, higher vs. Pound and higher vs. Yen. US ten-year Treasury Yield +.0595. Prices as of 7:40 a.m. EST.

Earnings Expected

Due after the close today DIS SU AFL CME EQR NLY CERN FISV CHRW CMG EXPE LNC GNW HAIN among others and due tomorrow morning TWX KRFT MT MRO CMI PLD RL MPEL VMED ICE WYN ELN USG SMG among others.

Rags & Mags: Inside Wall Street

We are big fans of www.247wallst.com summary of the newspapers each day. Going forward we will link to their website so you can read their summary, Media Digest

Reported Earnings This Morning

ADM(+.02) BDX (+.11) BP (+.49) CAH (+.07) CNC (+.14) DO (+.01) ETN (+.04) NYX (+.03) UBS (-.63)

Data Points

Yesterday saw 645 stocks rise and 2379 fall on the NYSE. NASDAQ saw 580 rise and 1918 fall. The S&P 500 now back above its 50 day moving average and above the 200 day moving average. The 10 day spread moving average of breadth is positive. We are back to invested on the Madison Market Timing Indicator.

 

Economics

January ISM Services is due out at 10:00 a.m. EST and is expected to come in at 55.5 against 56.1.

Politico

House Whip Rep. Eric Cantor (R-Va) will give a speech today on the remake of the Republican Party. A preview of this speech will be on CNBC this morning.

Conference & Analyst Meetings

Analyst meetings MTOR TIBX. Grocery Manufacturers Food Marketing Institute Supply Chain Conference, Stifel Technology & Telecom Conference, Credit Suisse Energy Summit, Canadian Oil Sands Summit, .

Conference of Note

International Symposium on Recent Advances In Drug Delivery Systems

M & A News

Dell (DELL) in final negotiations to go private.

Key Upgrades and Downgrades

Firm	Upgrades	Downgrades
JP Morgan
Goldman Sachs	ALDW
Morgan Stanley
Deutsche Bank
Citigroup	M BBBY TGT
Merrill Lynch	ZNGA
Wachovia/Wells Fargo
Credit Suisse		HGG
Banc of America
UBS
Lazard	NBIX VNDA RPRX

Comments »

February 4, 2013

In After Hours Trading

Baltimore Ravens win the Superbowl agains the San Francisco 49ers. Joe Flaco named MVP.

What’s Happening This Morning

US futures: (S&P -4.10, DJI -38, NDX -6.75 with fair value higher) Asia higher ex Hong Kong and Europe lower. Copper and gold lower with WTI Crude and Brent Oil Futures lower. $ is higher vs Euro, lower vs. Pound and higher vs. Yen. US ten-year Treasury Yield +.010. Prices as of 8:00 a.m. EST.

Earnings Expected

Due after the close today GILD APC BIDU YUM GGP LIFE HIG EW HOLX TMK and due tomorrow morning TM BP UBS EMR AGN ADP EL K ARMH ETN ADM.

Rags & Mags: Inside Wall Street

We are big fans of www.247wallst.com summary of the newspapers each day. Going forward we will link to their website so you can read their summary, Media Digest

Reported Earnings This Morning

BHE (+.03) CYOU (+.09) HMST (+.24) HUM (+.122) MWIV (+.13) GOLD (-.24) SPG (+.12) SOHU (+.04) TDG (-.03)

Data Points

Yesterday saw 2317 stocks rise and 684 fall on the NYSE. NASDAQ saw 1799 rise and 686 fall. The S&P 500 now back above its 50 day moving average and above the 200 day moving average. The 10 day spread moving average of breadth is positive. We are back to invested on the Madison Market Timing Indicator.

 

Economics

December Factory Orders are due at 10:00 a.m. EST and are expected to come in at 2.3% versus 0%.

Politico

The Congressional Budget Office releases its latest review at 8:00 a.m. EST.

Conference & Analyst Meetings

Analyst meetings PLCM. Grocery Manufacturers Food Marketing Institute Supply Chain Conference.

Conference of Note

International Symposium on Recent Advances In Drug Delivery Systems

M & A News

Dell (DELL) in final negotiations to go private.

Key Upgrades and Downgrades

Firm	Upgrades	Downgrades
JP Morgan
Goldman Sachs
Morgan Stanley		MRK
Deutsche Bank
Citigroup		COLM
Merrill Lynch	OAK TKR
Wachovia/Wells Fargo
Credit Suisse		LNEGY
Banc of America
UBS
Lazard
Barclays
Jefferies
Raymond James
KeyBanc
Janney Montgomery
Credit Agricole
Dahlman Rose	NSC
Keefe Bruyette
Friedman Billings
Robert W. Baird
Needham	UCTT PKT

Comments »

Here are the names we have recommended and current price with p/l and %.  Six long ideas and Two Shorts. Batting Average 75%, so far. I write this update for a fourth time. Lock in gain on P.

Expect a new idea before the weekend.

P 12/4 $8.91 $11.74 $2.83 31.76%

AMD 12/10 $2.35 $2.63 $0.28 11.91%

CMG 12/18 $288.01 $293.74 $23.98  8.33%

TASR 12/17 $7.67 $8.49 $0.82 10.69%

NSC 1/4/13 $65.25 $69.23 $3.98  6.07%

ABFS 1/28/13 $11.04 $10.53 $-0.51 -4.62%

Shorts (Negative Means We Are Making Money)

SWHC 12/17 $9.26 $8.77 $-0.49 -5.29%

RGR 12/17 $46.40 $50.99 $4.59  9.89%

Comments »

February 1, 2013

In After Hours Trading

AFFX (+.01) BYI (+.04) BEBE (-.05) BCR (+.03) MTW (+.03) MCK (-.21) SCCO (+.01) TLAB (+.01) WYNN (-.11).

What’s Happening This Morning

US futures: (S&P +5.25, DJI +63, NDX +12.50 with fair value higher) Asia and Europe higher. Copper and gold higher with WTI Crude lower and Brent Oil Futures higher. $ is lower vs Euro, higher vs. Pound and higher vs. Yen. US ten-year Treasury Yield +.0201. Prices as of 7:55 a.m. EST.

Earnings Expected

Earnings flood continues next week.

Rags & Mags: Inside Wall Street

We are big fans of www.247wallst.com summary of the newspapers each day. Going forward we will link to their website so you can read their summary, Media Digest

Reported Earnings This Morning

AON +.02 BEAM -.01 BPO -.01 IR +.05 LEA +.11 LM -.23 MAT -.03 MRK +.02 NOV +.05 NWL +.01 PRGO +.05 TDW +.25 TSN +.07 XOM +.21

Data Points

Yesterday saw 1556 stocks rise and 1420 fall on the NYSE. NASDAQ saw 1521 rise and 945 fall. The S&P 500 now back above its 50 day moving average and above the 200 day moving average. The 10 day spread moving average of breadth is positive. We are back to invested on the Madison Market Timing Indicator.

 

Economics

January Nonfarm Payrolls and the Unemployment Rate are due out at 8:30 a.m. EST and is expected to rise to 160,000 from 155,000 in the last report.

 

Then at 10:00 a.m. EST December Construction Spending is due out and is expected to improve to 0.6% versus -0.3%.

Also, at the same time the latest ISM Manufacturing Index is due out and is expected to fall to 50.5 versus 50.7.

Politico

The President’s Jobs Council was not renewed. Federal Reserve New York President Dudley speaks at 8:30 a.m. EST.

Conference & Analyst Meetings

Analyst meetings STJ. African Mining Congress and SEMICON Korea meet.

Conference of Note

None of note.

M & A News

Key Upgrades and Downgrades

Firm	Upgrades	Downgrades
JP Morgan
Goldman Sachs
Morgan Stanley
Deutsche Bank
Citigroup	DB
Merrill Lynch		RDS.A
Wachovia/Wells Fargo
Credit Suisse		NBR
Banc of America
UBS
Lazard
Barclays
Jefferies	IFNNY
Raymond James
KeyBanc	BWLD
Janney Montgomery	WYNN
Credit Agricole		BCR
Societe Generale	BNPQY

Comments »