IPOs on deck:  None of note.

IPOs Filed: None filed after the close.

Secondaries Priced:  None of note.

Notes Priced: None of note.

Common Stock filings ABEO of note.

Mixed Shelf Offerings: MTZ AMTB  of note.

Convertible Offering Files:  None of note.

Senior Notes Filed:  None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:

SCHL +0.25, NKE +0.12, AIR +0.04  of note.

Missed:

 SGH (0.18) of note.

Hourly Action This Week: Updated 12/19

News After The Close (In Order of Time)

Knight-Swift (KNX) guides lower for Q4.

Boeing (BA) wins $1.5 billion Army contract.

Northrop Grumman (NOC) wins $1 billion Air Force contract.

The House approves USMCA before the headed out of town.

Senate passed several bills including  the funding of the government through September 30, 2020.

Stock Repurchase Announcements:  BIIB WSBC MITK

Dividend Increase: LW

Gap Higher: LXRX +24%, AXGT +14%, PRTA +9%, BB +6%, WGO +6%, AIR +4%

Gap Lower:  ABEO -31%, CBAY -14%, CAMP -12%, X -9%, KNX -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 +4 Dow Jones Industrial Average +47 NASDAQ +18 Russell 2000 +3.01. Fair values are lower. Asia mixed and Europe higher.

Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $128.06 from $128.11  with yields at 1.94% from 1.93% . Prices as of 9:00 a.m. EDT.

Positive Sectors On Thursday: Conglomerates, Technology and Healthcare of note.

Negative Sectors On Thursday: None of note.

One Month Winners: Healthcare, Industrials and Technology.

Three Month Winners: Industrials, Financials and Healthcare.

Six Month Winners: Consumer Goods, Industrials, Technology and Healthcare.

Twelve Month Winners: Technology, Industrials and Services.

Year to Date: Technology, Industrials, Technology, Consumer Goods, Services and Financials.

Upcoming Earnings Of Note (sorted by market cap, highest to lowest)

Today After The Close:  

None of note.

Monday Before The Open:

NEOG of note.

Earnings This Morning Of Note

Beat:

WGO +0.14, BB +0.01 of note.

Missed:   

KMX (0.11) of note.

Still to Report: CCL

Rags & Mags: Highlighted Stories may be clicked through to the original story.

Top News Story: Review of Democratic Debate last night. (The Washington Post)

Five Things You Need To Know To Start Your Day. (Bloomberg)

Five  Things To Know To Start Your Day. (CNBC)

Chinese President Xi will not attend Davos (World Economic Forum) in 2020. (Bloomberg)

Andrew Bailey to succeed Mark Carney as head of the Bank of England. (CNBC)

Boeing (BA) woes continue as Starliner hits wrong orbit on way to the International Space Station. (CNBC)

The latest data breach sees convenience store WaWa hacked. (CNBC)

Facebook (FB) was also hacked as 267 million user ids and phone numbers were stolen. (Forbes)

Stock Index Tracking

All  stock indexes remain strong. Current through 12/19.

Bold means a change from prior day.

The advance/decline line model is now a buy though it is struggling with the recent action. Updated through 12/19. Year to date model up 15.95% on the S&P 500. 5 buy signals and 4 cash signals in 2019. Current signal is a buy and is up 7.22%.

YTD 65% (+1% change week over week) of stocks are higher and 35% are lower. Updated  through 12/13 close. UPDATED

Courtesy of Phil Erlanger Research, Inc.

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 12/19.

Economic & Related:

November Personal Income is due out at 8:30 a.m. EDT and are expected to rise to 0.3% from 0.0%.

The last estimate of Q3 GDP is due out at 8:30 a.m. EDT and is expected to be revised to 2.1% from 2.0%.

University of Michigan Consumer Sentiment is due out at 10:00 a.m. EDT and is expected to come in at 99.1 from 99.2 last month

Geopolitical:      

President Trump has lunch with the Secretary of State and then heads to Florida in the early evening.

Conferences & Analyst Meetings: 

Investor/Analyst Days & Conference Calls of Note: SMCI (Conference Call)

Sellside Conferences: None of note.

Industry Conferences: None of note.

M&A Activity

Evans Bancorp (EVNB) to buy FSB Community Bancshares (FSBC) for $17.80 a share.

F5 Network (FFIV) to buy privately held Shape for $1 billion.

Upgrades & Downgrades – Updated through 8:15 a.m. EDT