IPOs on deck:
IPOs Filed: None filed after the close.
Secondaries on deck: of note.
Notes Priced: None of note.
Common Stock filings: CLNC of note.
Mixed Shelf Offerings filed: UPS CLNC of note.
Convertible Offering Files:None of note.
Senior Notes Filed: None of note.
Earnings After The Close:
None of note.
None of note
News After The Close: (In time order after the close)
CNBC reported five minutes after the close no U.S. and China December tariff decision and no Huawei quid pro for the deal.
Asbury Automotice (ABG) CFO Sean Goodman to resign as of 11/15. He goes to AMC Entertainment (AMC) to be new CFO.
Visa (V) and Mastercard (MA) also leave the Libra consortium created by Facebook (FB).
General Dynamics (GD) awarded $34 million Navy contract.
Barron’s Recs: Positive on K JNJ GNRC ATVI EA TTWO DIS AAPL PLCE . Cautious on BBBY.
Early Morning Gap Up/Down: (>4% or <-4%)
Gap Lower: MT -5%
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.
S&P 500 -7.00 Dow Jones Industrial Average -59 NASDAQ -17 Russell 2000 -4 Fair values are lower. Asia higher and Europe lower.
Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $130.47 from $130.28 with yields at 1.734% from 1.712%. Prices as of 8:25 a.m. EDT.
Positive Sectors On Friday: materials, Energy, Industrial and SErvicesof note.
Negative Sectors On Friday: None of note.
One Month Winners: Utilities, Consumer Goods, Materials and Financials.
Three Month Winners: Utilities and Consumer Goods.
Six Month Winners: Utilities, Consumer Goods and Financials.
Twelve Month Winners: Utilities, Technology, Consumer Goods and Financials.
Year to Date: Consumer Goods, Industrials and Utilities.
Hourly Action This Week:
Updated through Thursday’s close. Mixed action.
Upcoming Earnings Of Note (sorted by market cap, highest to lowest)
Today After The Close: None of note.
Tuesday Before The Open: JPM JNJ EFC UNH C CIS BLK PLD SCHW WIT CMC FRC PACW APHA AZZ of note.
Earnings This Morning Of Note
None of note.
None of note.
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Top Story: China wants more talks before signing Phase I. (CNBC)
Wall Street Journal Headline:
Five Things You Need To Know To Start Your Day. (Bloomberg)
Boeing (BA) separates the Chairman and CEO roles. (The Street)
Stock indexes improved on Friday. Current through 10/11.
Bold means a change from prior day.
The advance/decline line moved to a cash yesterday morning. Updated through 10/10. Year to date model up 8.73% on the S&P 500. 4 buy signals and 4 cash signals in 2019. The model is now in cash with a gain of 1.28% on the recent buy.
YTD 60% (-3% week over week) of stocks are higher and 40% are lower. Updated 10/4/19 close with next update on 10/11/19 close.
Algo/HFT Trading Levels:
The Erlanger Value Lines track the intraday range of resistance, pivot and support used by Algo/HFT Traders. Each day we show where we closed within the range. Update through 10/10.
The Value Lines may be accessed via Bloomberg. For a free trial if you ar a Bloomberg user go to APPS CS:ERLA
Economic & Related:
President Trump has no public events scheduled.
World Trade Organization meets regarding EU tariffs.
Conferences & Analyst Meetings:
Company Analyst Meetings and Conference Calls: GNUS (Update) KOD (R&D Day) THO (Investor Day)
Sellside Conferences: None of note.
Industry Conferences: American Academy of Ophthalmology Annual Meeting (10/10-10/15).
Upgrades & Downgrades: PING and NVST get multiple initiations.