Breaking News – 

Key Television Interviews – White House Economic Advisor Larry Kudlow on Bloomberg at 9:45 a.m. EDT wit Jonathan Ferro.

IPOs on deck:   None of note.

IPOs Filed: None filed after the close.

Secondaries Priced: EVRI GDS DT PLUG of note.

Notes Priced:   None of note.

Common Stock filings:  ISEE of note.

Mixed Shelf Offerings filed:  None of note.

Convertible Offering Files:  None of note.

Senior Notes Filed:  STAR of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:

 DOMO +0.16, ZUMZ +0.15, ULTA +0.12, GWRE +0.10, DOCU +0.07, ZM +0.06, CRWD +0.05, OKTA +0.05, CLDR +0.03, ZUO +0.03, COO +0.03, MDLA +0.02, AOBC +0.02, FIZZ +0.02 of note.

Flat:  EZPW KFY

Missed:

 SAIC (0.06), PD (0.01), YEXT (0.01) of note.

Hourly Action This Week:

Close of 12/5.

News After The Close (In Order of Time)

Hawaiian Holdings (HA) reported November Traffic up 4.1%  with Capacity up 3.6% and Load Factor 84.6%.

Magellan Health (MGLN) names James Murray as President and COO, company will not release 2020 financial guidance now.

Stock Repurchase Announcements:  AXSM CLBK

Dividend Increase:  EBSB CHRW BMY HI OC EMN DEI  THG (as well as special dividend) AXS  RCII

Gap Higher: DOMO +23%, DOCU +13%, ULTA +10%, ZUMZ +9%, EIGI +8%, MDLA +7%, GRTX +6%, EZPW +6%, FIZZ +6%, CRWD +6%, CLDR +5%, KODK +5%, BIG +4%, BIG +4%, AOBC +4%

Gap Lower: YEXT -20%, PD -17%, KFY -9%, ZM -9%, SAIC -8%, PLUG -5%, COO -4%, GWRE -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 +7 Dow Jones Industrial Average +59 NASDAQ +24 Russell 2000 +4.87 Fair values are mixed. Asia and Europe higher.

Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $129.38 from $129.39 with yields at 1.793% from 1.78%. Prices as of 8:25 a.m. EDT.

Positive Sectors On Thursday: Real Estate was the only notable mover of note.

Negative Sectors On Thursday: Healthcare, Materials and Energy 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:

THO of note.

Earnings This Morning Of Note

Beat:

GCO +0.25, BIG +0.02 of note.

Missed:     

HHR (1.14)  of note.

Still To Report: 

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

Top News Story: Jobs Friday is the unwritten story that will be written shortly. Remember ADP came in at 67,000 on Wednesday and the estimate is 175,000 for today.

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

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

Stocks making the biggest move this morning.(CNBC)

China excludes some soybeans, pork as well as other commodities from tariffs. (Chinese Release)

Trump Administration does not support $1 billion World Bank loan program for China. (FT)

Chinese Industry Minister recommends subsidies for Tesla (TSLA) cars built in China. (Reuters)

OPEC and Russia to approve bigger oil cuts. (CNBC)

FAA issues new equipment rules for Boeing (BA) 737  Max 8. (Bloomberg)

Uber (UBER) release incident report and shows more than 3,000 incidents in 2018. (CNBC)

Notable Data Points

Most stock indexes lost more ground on Monday. Current through 12/5.

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 12/5. Year to date model up 12.56% on the S&P 500. 5 buy signals and 4 cash signals in 2019. Current signal is a buy.

YTD 65% (+1% change week over week) of stocks are higher and 38% are lower. Updated  through 11/29 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 12/5.

Economic & Related:

November Nonfarm Payrolls are due out at 8:30 a.m. EDT and are expected to rise to 182,000 from 128,000 while the unemployment rate is expected to remain at 3.6%.

December University of Michigan Consumer Sentiment is due out at 10:00 a.m. EDT and is expected to fall to 96.5 from 96.8.

Geopolitical:      

President Trump  will host a roundtable on small business and red tape at 2:00 p.m. EDT.

Conferences & Analyst Meetings:

Investor/Analyst Days & Conference Calls of Note:  AQN WWD SON  (Investor Day)  GOL (Analyst Day)   

Sellside Conferences: Goldman Sachs Global Auto Conference.

Industry Conferences: American Epilepsy Conference (12/6-12/10)

M&A Activity

Huntsman (HUN) buys Icynen-Lapolla for $350 million.

Upgrades & Downgrades