In After Hours Trading
IPOs on deck: none of note
Secondaries on deck: HSY NDRA NYMT XEL.
Filings After The Close: DERM (mixed shelf), NYMT SRPT (common stock) MSFT BIDU (debt)
Earnings From After the Close:
Surprises: PTLA +0.53 , EDIT +0.49 , BGNE +0.44 , TPIC +0.34 , HUM +0.34 , TRIP +0.24 , MDP +0.22 , QEP +0.21 , CYBR +0.21 , KELYA +0.18 , KORS +0.17 , GDOT +0.16 , CRL +0.15 , DISH +0.15 , HZNP +0.14 , GEO +0.13 , AYX +0.13 , HUBS +0.12 , VNDA +0.12 , CSWI +0.12 , ALRM +0.11 , WAAS +0.11 , SRE +0.10
Misses: AMBC (0.86), ALNY (0.64), TTWO (0.37), VAC (0.37), DVA (0.32), ADT (0.28), RUN (0.22), DF (0.22), SNCR (0.19), RCM (0.17), QUOT (0.13), BREW (0.13), MNTA (0.10), SGRY (0.10)
Lower Guidance: SAIL MCHP AAOI OSUR ENS TTGT TPC
Strong Guidance: GDOT AYX HUBS WK AVLR NVTA UPWK CVNA
Hourly Action This Week:
What’s Happening This Morning:
U.S. futures: S&P -9.50 Dow Jones -61, NDX -34 and Russell 2000 -6.70 with fair values LOWER helping open. Asia and Europe higher.
Gold, silver and copper lower. WTI Crude flat to slightly lower and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury price 117.94 with yields higher since Wednesday. Prices as of 7:55 a.m. EDT.
Top Sectors Yesterday: Healthcare, Technology, Services and Industrials.
Weak Sectors Yesterday None lower.
One Month Winners: Conglomerates and Utilities
Three Month Winners: Healthcare and Utilities
Six Month Winners: Healthcare, Utilities and Services
Twelve Month Winners: Healthcare, Services and Conglomerates
Year To Date Winners: Healthcare, Services and Conglomerates
Earnings Ahead: (sorted by Market Cap and only most impactful and notables listed)
Earnings Expected After The Close: DIS AVTI CTL SWKS DOX XRAY LOPE TTD YELP RBA ESL JJSF DBX EPAY HDP SGMO PRAA UIS.
Earnings Due Tomorrow Morning: STWD ESNT TRCO ERF SSP RDNT PBPB SUP MGI.
Rags & Mags:
Bar shooting in Thousand Oaks, CA kills 12. (USA Today)
Walmart (WMT) starts Black Friday deals now. (USA Today)
Earnings Reported This Morning:
Surprises: HII +1.15 , HRI +0.67 , VIVO +0.58 , BAM +0.43 , ZEUS +0.36 , LOXO +0.32 , GTS +0.25 , STRA +0.24 , CAH +0.22 , FLY +0.17 , HMHC +0.15 , AZUL +0.14 , NXST +0.12 , ENDP +0.12 , ACIW +0.11 , OGE +0.08 , MGA +0.06 , NCLH +0.06 , CRCM +0.06 , PRGO +0.05 , CBB +0.05 , AZN +0.05
Misses: CNNE (0.26), HZN (0.21), DESP (0.12), DISCA (0.09), PRTY (0.09), EBIX (0.07), COMM (0.07), COT (0.06), CBM (0.06), NRG (0.06), MDCO (0.05), TTI (0.05)
Lower Guidance: ACIW PRGO GCI NOMD COMM PRTY
Strong Guidance: LGND ENDP OGE
Yesterday saw 2250 stocks rise and 708 fall on the NYSE. NASDAQ saw 2157 rise and 929 fall.
The SP 500 is now below its 50 day simple moving average and is YESTERDAY MOVED ABOVE its 200 day simple moving average. The Russell 2000 is STILL below its 50 day simple moving exponential average and 200 day simple moving average.
The QPI10 Day Moving Average of breadth is BACK TO INVESTED TODAY and went there September.
YTD 40% of stocks are higher and 60% are lower. Updated 11/2/18 close with next update on 11/12/18.
Courtesy of Quantitative Partners, Inc
Weekly Jobless Claims due out at 8:30 a.m. EDT.
Weekly Natural Gas Inventories due out at 10:30 a.m. EDT.
WasDe Crop Report at 1:00 p.m. EDT.
Federal Reserve Open Market Committee (FOMC) to announce latest interest rate update at 2:00 p.m.. No change expected. Last meeting without a press conference.
Conferences & Analyst Meetings:
Analyst Meetings: SYK PG ULTA MDC DXC ATI ERIC DWDP Y LXU QNST ASML
Monthly Sales Numbers: LB BKE CATO
Baird Global Industrial Conference
Stephens Fall New York City Investment Conference
M&A Activity And Credible Rumors of Note Overnight:
Commscope (COMM) to buy Arris (ARRS) for $31.75 in cash and the assumption of debt.
Upgrades & Downgrades