Breaking News: Jobs grow at 273,00 crushing expectations.
IPOs on deck: None of note.
IPOs Filed: None of note.
Secondaries Priced: of note.
Notes Priced of note.
Common Stock filings: of note.
Mixed Shelf Offerings: WNC of note.
Convertible Offering Files: NFE of note.
Senior Notes Filed: None of note.
Earnings After The Close:
NX +0.10, FIZZ +0.07, CHUY +0.05, COST +0.04, OKTA +0.04, OOMA +0.03, CYRX +0.02, LOCO +0.02, FNKO +0.02, IMMR +0.01 of note.
ADT (0.26), CAI (0.15), AOBC (0.10), ASPS (0.07), COO (0.03), HRB (0.03), WAAS (0.02), PGNY (0.01) 0f note.
Hourly Action This Week: Updated 3/4 Close
News After The Close (In Order of Time)
NXP Semiconductor (NXPI) names Kurt Sievers as the new CEO.
Western Digital (WDC) names David Goeckeler as CEO.
Starbucks (SBUX) sees China comps down 78% in February and 50% in Q2,
Lowers Guidance: OKTA SQ APBC ON
Stock Buybacks: HMST SFNC
Dividend Increases: COLD HMN WYND GL
Dividend Decreases: VGR.
Gap Higher: OPK +21%, FIZZ +9%, ASPS +8%, LOCO +7%, OOMA +6%, BBSI +5%
Gap Lower: AOBC -26%, ADT -6%, CHUY -5%, FNKO -5%, HRB -5%, GPS -4%, MS -4%, JPM -4%, BAC -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 -102 Dow Jones Industrial Average -801 NASDAQ -302 Russell 2000 -46. Fair values are higher. Asia and Europe lower.
Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $137.63 from $136.16 and yields at 0.77% from 1.00%. Prices as of 8:25 a.m. EDT.
Positive Sectors On Thursday: None of note
Negative Sectors On Wednesday: All lead by Industrials, Financials and Services.
One Month Winners: None of note.
Three Month Winners: Conglomerates.
Six Month Winners: Technology, Healthcare and Consumer Goods.
Twelve Month Winners: Technology, Consumer Goods,Utilities, Services and Healthcare.
Year to Date: Conglomerates.
Upcoming Earnings Of Note (sorted by market cap, highest to lowest)
Today After The Close: None of note.
Monday Before The Open: THO SOGO SOHU KLXE of note.
Earnings This Morning Of Note
None of note.
None of note.
Still to Report:
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Top News Story:
5 Things To Know To Start Your Day. (Bloomberg)
Stocks Moving This Morning. (CNBC)
Coronavirus Map. (Bloomberg)
10 Year yield hit 0.70% and now at 0.75%.
Stock Index Tracking
Current through 3/5 close.
Bold means a change from prior day.
The advance/decline line model is now back in cash. Updated through 3/5 close. In 2019, the model was up 16.48% on the S&P 500 and this year is down -7.64% with the S&P 500 lower by -6.83% before today. 5 buy signals and 4 cash signals in 2019. We moved to cash at 3116.31 on the S&P 500.
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 3/5 close.
Economic & Related:
February Nonfarm Payroll is due out 8:30 a.m. EDT and the estimate is for a drop to 170,000 from 225,000 with no change expected to the unemployment rate at 3.6%.
President Trump will head to Nashville, TN at 9:05 a.m. EDT.
OPEC continues its meeting at 7:00 a.m. EDT.
Meetings, Calls & Conferences
Investor/Analyst Days & Conference Calls of Note: REGN BGG (Conference Call) MFSF (Investor Day) MFSF (Analyst Day)
Sellside Conferences: None of note.
Industry Conferences: None of note.
Upgrades & Downgrades updated through 8:30 a.m. EDT.