In After Hours Trading
APOG (-.02) RELL (-.02).
Several IPOs are due KNOT Offshore Partners LP and Taylor Morrison Home Corp are due today and RSO will price a secondary offering.Courtesy of www.ipofinancialreport.com.
What’s Happening This Morning
US futures: (S&P +0.25, Dow Jones +6, NDX -6.80 with fair value a bit lower, which will help the opening slightly) Asia higher ex Shanghai and Europe higher. Copper lower and gold slightly higher with WTI Crude and Brent Oil Futures lower. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury Yield +0.0047. Prices as of 7:55 a.m. EST.
Earnings Expected
Reports due after the close . Due 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
CBSH (-.01) IGTE (+.09) RAD (+.12) LEDS (+.05).
Data Points
Yesterday saw 2287 stocks rise and 730 fall on the NYSE. NASDAQ saw 1982 rise and 528 fall. The S&P 500 is above its 50 day moving average and above the 200 day moving average. The Russell 2000 broke back above its 50 day moving average on Monday. The 10 day spread moving average of breadth is positive. We moved to cash on the Madison Market Timing Indicator on February 22nd which can be found on www.superstockinvestor.com.
Economics
Federal Reserve Philadelphia President Plosser and Federal Reserve Saint Louis President Bullard speak. Weekly Jobless Claims due at 8:30 a.m. EDT.
Politico
G-8 Ministers continue a two day meeting in London.
Conference & Analyst Meetings
Analyst meetings AYR SNTS NVDA. Sun Trust Utica Shale Mini Conference, Bank of America Merrill lynch Testing, Inspection Certification and Assurance Conference and World Copper Conference.
Conference of Note
National Space Symposium.
M & A News
Key Upgrades and Downgrades
| Firm | Upgrades | Downgrades |
|---|---|---|
| JP Morgan | ||
| Goldman Sachs | DGX | SIAL MSFT |
| Morgan Stanley | ||
| Deutsche Bank | ||
| Citigroup | LNVGY | |
| Merrill Lynch | ||
| Wachovia/Wells Fargo | ||
| Credit Suisse | ||
| Banc of America | ||
| UBS | ||
| Raymond James | ||
| Societe Generale | IAG |
