In After Hours Trading
AMGN (+.12) AAPL (+.09) BRCM (+.09) BCR (+.02) DV (+.07)AWAY (+.02) JNPR (-.01) NSC (+.05)PNRA (-.01)vmw (+.04) YUM (+.10)
IPOs due this week ADMA Biologics and DoubleLine Income Solutions Fund. Secondary offerings none of note this morning MICT LOV CG. Filings after the close CG LOV SPNC GOOD. Courtesy of www.ipofinancialreport.com.
What’s Happening This Morning
US futures: (S&P +2, Dow Jones +28, NDX +1 with fair values higher which will cut into the open) Asia higher and Europe higher. Copper and gold higher with WTI Crude and Brent Oil Futures higher. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury Yield +0.0042. Prices as of 7:55 a.m. EST.
Earnings Expected
Earnings due after the close among others QCOM SYK AFL CCI COG WDC CTXS ORLY EQIX XLNX SRCL TSCO VAR. Due tomorrow morning of note UPS MMM MO COP BMY OXY AZN CL CELG BIIB DOW D POT TWC 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
BA (+.26) GLW (+.06) F (+.04) LO (+.02) PG (+.03) ROK (+.04) TUP (+.05) WHR (+.01)
Data Points
Yesterday saw 2421 stocks rise and 606 fall on the NYSE. NASDAQ saw 1896 risee and 561 fall. The S&P 500 is above its 50 day moving average and above the 200 day moving average. The Russell 2000 remains below its 50 day moving average. The 10 day spread moving average of breadth is now negative but above -200. We moved to cash on the Madison Market Timing Indicator on February 22nd which can be found on www.superstockinvestor.com.
Economics
March Durable Goods are released at 8:30 a.m. EDT and are expected to drop to -2.0% from 5.6%.
Politico
Conference & Analyst Meetings
Analyst meetings none of note. Bank of America Merrill Lynch 2013 Global Foreign Exchange Workshop.
Conference of Note
M & A News
Key Upgrades and Downgrades
| Firm | Upgrades | Downgrades |
|---|---|---|
| JP Morgan | ||
| Goldman Sachs | ||
| Morgan Stanley | ||
| Deutsche Bank | ||
| Citigroup | BAK | |
| Merrill Lynch | ||
| Wachovia/Wells Fargo | ||
| Credit Suisse | ||
| Banc of America | ||
| UBS | ||
| Raymond James | ||
| Societe Generale | HAL | ASBFY |
| Jefferies | CNSL LMOS | |
| KeyBanc Capital | ||
| Sun Trust Robinson Humphrey | ||
| Raymond James | ||
| Credit Agricole | ||
| Dahlman Rose | ||
| Keefe Bruyette | ||
| Friedman Billings | ||
| Robert W. Baird | ||
| Needham | ||
| Sun Trust RH | NTDR CRZO |
