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: None of note.

Mixed Shelf Offerings:None  of note.

Convertible Offering Files:  None of note.

Senior Notes Filed:  None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:

None  of note.

Missed:

None of note.

Hourly Action This Week: Updated 12/30

News After The Close (In Order of Time)

Great Lakes Dredging & Dock (GLDD) announces $38 million of contracts.

SunPower (SPRW) announces a restructuring plan due to spin off of Maxeon Solar.

Seadrill (SDRL) announces three year extension of AOD II and AOD III in the Middle East.

Index Changes: S&P 600 additions MTOR and NXRT.

Stock Repurchase Announcements: SINA of note.

Dividend Increase: GBCI (special) of note.

Gap Higher:   SDRL +26%, SVRA +19%, NIO +17%, FCEL +13%, MTOR +9%, BSIG +5%.

Gap Lower: PT -10%, CLB -9%, MDR -8%. 

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. 

S&P 500 -0.04 Dow Jones Industrial Average -6 NASDAQ -3 Russell 2000 +0.55. Fair values are lower helping the open. Asia mixed and Europe lower.

Gold and silver higher with copper lower. WTI Crude Oil  and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $128.48 from $128.33 with yields at 1.88% from 1.914%. Prices as of 8:30 a.m. EDT.

Positive Sectors On Monday: Utilities of note.

Negative Sectors On Monday: Real Estate, Technology and Conglomerates.

One Month Winners: Healthcare, Materials, Energy, Consumer Goods and Technology.

Three Month Winners: Healthcare, Consumer Goods and Technology.

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

Twelve Month Winners: Technology, Industrials and Services.

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

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

Today After The Close:  

None of note.

Thursday Before The Open:

None of note.

Earnings This Morning Of Note

Beat:

None of note.

Missed:   

None of note.

Still to Report:

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

Top News Story: 

Stocks making the biggest move this morning. (CNBC)

5 Things To Know Before The Market Opens. (CNBC)

President XI to give a speech on 2020 tonight. (Bloomberg)

Huawei to shake up management in 2020. (Bloomberg)

Ousted Nissan Chairman Ghosn flees Japan for Lebanon. (CNBC)

Iraqi U.S. Embassy stormed and President Trump notes that Iran will be held responsible. (CNBC)

White House Trade & Manufacturing Advisor Peter Navarro being interviewed on CNBC this morning, started at 8:00 a.m. EDT and continues.

Oil has biggest gains since 2016. Hedge funds bet more ahead. (CNBC)

Boeing (BA) and Turkish Airlines agree on compensation deal over delay in 737 Max. (Reuters)

UPS and FedEx (FDX) to levy $24 fee on packages over 50 pounds. (WSJ)

Stock Index Tracking

All  stock indexes remain strong but the 5 day moving averages have failed. Current through 12/30.

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 12/30. Year to date model up 16.48% on the S&P 500. 5 buy signals and 4 cash signals in 2019. Current signal is a buy and is up 7.75%.

YTD 65% (+1% change week over week) of stocks are higher and 35% are lower. Updated  through 12/27 close.

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 12/30. Notice the strength.

Economic & Related:

China Manufacturing PMI numbers came out last night and beat expectations at 50.2 versus 50.1. (CNBC)

December Consumer Confidence out at 10:00 a.m. EDT and it is expected to rise to 128 from 125.50.

Geopolitical:      

President Trump will remain on vacation with no scheduled events.

Conferences & Analyst Meetings: 

Investor/Analyst Days & Conference Calls of Note:  None of note.

Sellside Conferences: None of note.

Industry Conferences: None of note.

M&A Activity

Upgrades & Downgrades