Breaking News – Jobs came in at 128,000 crushing estiamtes of 85,000.
IPOs on deck: Fangdd Network Group (DUO) LGL System Acquisition Unit (DFNSU) FinServ Acquisition Unit (FSRVU) Osprey Acquisition Unit (SFTWU) to be priced today.
IPOs Filed: None filed after the close.
Secondaries Priced: of note.
Notes Priced: None of note.
Common Stock filings: None of note.
Mixed Shelf Offerings filed: OSPN of note.
Convertible Offering Files: None of note.
Senior Notes Filed: None of note.
Earnings After The Close:
CRC +0.85, HTH +0.36, ANET +0.29, QRVO +0.22, BIO +0.20, PMT +0.18, ARCB +0.15, AYX +0.15, FTAI +0.13, SEM +0.12, BLDR +0.12, FTNT +0.11, GLPI +0.11, MTZ +0.11, NPTN +0.09, AMN +0.08, SHLX +0.07, X +0.06, FNKO +0.06, MTX +0.05, MINI +0.05, OEC +0.05, PINS +0.05, BRKR +0.05, RMAX +0.04, SSNC +0.04, ERII +0.04, CWST +0.04, SM +0.03, ACLS +0.03, MRC +0.03, WU +0.03, LOCO +0.02, JCOM +0.02, VICI +0.02, AIV +0.01, CPT +0.01, NFG +0.01, OTEX +0.01, CDNA +0.01, MERC +0.01, APPN +0.01, GPOR +0.01 of note.
MELI (2.97), CAR (0.68), TDS (0.21), BLUE (0.19), CASA (0.13), TGH (0.10), USM (0.09), OLN (0.07), LYV (0.05), ATR (0.03), BGS (0.03), MOBL (0.01) of note.
PDFS +0.00 of note.
Hourly Action This Week:
Updated through Wednesday’s close. Mixed action.
News After The Close (In Order of Time)
Align Tech (ALGN) announces a new Invisalign product for moderate teeth straightening.
Magellan Health (MGLN) names new CEO Kenneth Fasola as of 11/14.
Stock Repurchase Announcements: EBSB
Dividend Increase: CHCT
Early Morning Gap Up/Down: (>4% or <-4%)
BGNE +27%, CRC +26%, LOCO +12%, QRVO +11%, NPTN +10%, ERII +10%, FTNT +8%, BRKR +6%, AYX +5%, BAH +5%, CPT +5%, RMAX +5%, X +4%, ACLS +4%, CWST +4%
CASA -27%, ANET -27%, AVID -24%, PINS -19%, MOBL -17%, CAR -12%, CDNA -7%, LYV -5%, FND -4%, APPN -4%,
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.
S&P 500 +12 Dow Jones Industrial Average +102 NASDAQ +38 Russell 2000 +3.35. Fair values are mixed. Asia mixed and Europe mixed.
Gold lower with silver higher and copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $130.33 from $129.88 with yields at 1.693% from 1.738%. Prices as of 8:25 a.m. EDT.
Positive Sectors On Thursday: Utilities and Consumer Goods of note.
Negative Sectors On Thursday: Conglomerates, Basic Materials, Energy and Industrials of note.
One Month Winners: Utilities, Consumer Goods and Technology.
Three Month Winners: Utilities, Industrials and Consumer Goods.
Six Month Winners: Utilities, Consumer Goods, Technology and Financials.
Twelve Month Winners: Utilities, Technology, Services, Consumer Goods and Financials.
Year to Date: Technology, Industrials, Consumer Goods, Services and Utilities.
Upcoming Earnings Of Note (sorted by market cap, highest to lowest)
Today After The Close:
None of note.
Monday Before The Open:
SYY RACE FE UAA BHC LANC REC PEGI GHDX KOS MMYT TRS GCI of note.
Earnings This Morning Of Note
BABA +2.42, NWL +0.18, FTS +0.16, CBOE +0.14, IBP +0.11, BAH +0.10, TPB +0.10, LYB +0.09, AMAG +0.09, XOM +0.09, SRE +0.07, ITT +0.07, PBA +0.05, TRP +0.05, OPI +0.05, WOW +0.05, RUTH +0.05, BGG +0.05, D +0.04, PNM +0.04, HRC +0.04, ABBV +0.03, POR +0.02, HMSY +0.02, IMGN +0.01, FND +0.01, CL +0.01 of note.
AIG (0.28), ASIX (0.12), USX (0.09), MGLN (0.08), WPC (0.06), CCJ (0.03), HE (0.02), XENT (0.02) of note.
MGI +0.00, GSHD +0.00, HAE +0.00, MD +0.00 of note.
Still to Report:
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Five Things You Need To Know To Start Your Day. (Bloomberg)
Commerce Secretary Wilbur Ross interviewed on Fox Business at 7:45 a.m. EDT.
Stock indexes remain strong. Current through 10/31.
Bold means a change from prior day.
The advance/decline line model is now a buy. Updated through 10/31. Year to date model up 10. 64% on the S&P 500. 5 buy signals and 4 cash signals in 2019.
YTD 62% (+2% change week over week) of stocks are higher and 38% are lower. Updated 10/25/19 close with next update on 11/1/19 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 10/31.
Economic & Related:
The October Jobs Report is due out at 8:30 a.m. EDT and is expected to fall to 80,000 from 136,000. The unemployment rate is expected to fall to 3.5% from 3.6%.
October ISM Manufacturing Index is due out at 10:00 a.m. EDT and is expected to rise to 48.7 from 47.8.
President Trump heads to Mississippi tonight for a Keep America Great Rally.
Bloomberg to interview Federal Reserve Vice Chairman Richard Clarida at 9:30 a.m. EDT.
Federal Reserve Vice Chairman Richard Clarida speaks at 1:00 p.m. EDT as does Federal Reserve Governor Randal Quarles.
Conferences & Analyst Meetings:
Company Analyst Meetings and Conference Calls: None of note.
Sellside Conferences: None of note.
Industry Conferences: None of note.
Upgrades & Downgrades: