IPOs on deck for This Week: Next week we head into summer trading for IPOs.
IPOs on deck for Today: Proficient Alpha Acquisition Unit (PAACU) of note.
Secondaries on deck: IMRN of note.
Notes Priced: None of note.
Other Filings of Note: MFIN RTN RNR files mixed shelf offering. files common stock offering.
Earnings After The Close:
Beat: DECK +0.79, CVCO +0.64, VSAT +0.26, INTU +0.16, SPLK +0.16, DXC +0.10, HPE +0.06, HPQ +0.02, ROST +0.01 of note.
Flat: None of note.
Missed: LGF.A (0.11), ADSK (0.02) of note.
Still To Report: of note.
News After The Close:
Freeport McMoran (FCX) to sell part of cobalt business for $150 million.
Dow DuPont (DWDP) to do a 1:3 stock split once separation from ag business.
Blackston (BX) and Brookfield (BAM) along with several Private Equity firms are looking to buy Genesse & Wyoming (GWR).
Boeing (BA) pops on story that 737 Max could be flying by late June. (Reuters)
Raytheon (RTN) wins $360 million Air Force contract.
Stock Repurchase: ROLL
Dividend Increase: EQH MOS EXR
Hourly Action This Week:
This week now sees 4 hours that are positive and 3 that are negative. 3:00-4:00 was higher again!
Courtesy of Quantitative Partners, Inc.
What’s Happening This Morning: Futures on the S&P 500
U.S. futures: S&P +15.75, Dow Jones +139 NDX +31.50 and Russell 2000 +8.90 with fair values HIGHER CUTTING INTO GAINS. Asia mixed and Europe higher, click through for details by country.
Gold and silver higher with copper higher. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury price $124.89 from $124.70 with yields lower since Thursday morning with the yield at 2.359%. Prices as of 8:25 a.m. EDT.
Top Sectors Thursday: Utilities.
Weakest Sectors Thursday: Materials,Conglomerates, Industrials and Technology.
One Month Winners: Healthcare and Utilities.
Three Month Winners: Conglomerates, Utilities, Consumer Goods and Services.
Six Month Winners: Utilities,Technology, Industrials and Services.
Twelve Month Winners: Utilities, Healthcare and Services.
Year to Date: All higher led by Conglomerates, Services, Industrials, Technology and Consumer Goods.
Upcoming Earnings Of Note (sorted by market cap, highest to lowest)
Today After The Close: None of note.
Tuesday Before The Open: BNS BAH PLAN MOMO NIO AMWD of note.
Earnings This Morning Of Note
Beat: HIBB +0.30, FHL +0.18 of note.
Flat: None of note.
Missed: FL (0.07), BKE (0.04) of note.
Still To Report: of note.
Rags & Mags:Highlighted Stories may be clicked through to the original story.
Top Story: U.K. Prime Minister Theresa May is out as of June 7th after resigning this morning. (CNN)
Five Things You Need To Know To Start Your Day (Bloomberg)
President Trump heads to Japan and then Ireland.
President Trump to sign Executive Order on health care disclosures. (WSJ)
China denies that Huawei has links to the Chinese government. (Reuters)
Boeing (BA) 737 Max may take a long time to get back in services. (NYT)