IPOs on deck for This Week: We now head into summer trading for IPOs with two deals this week.
IPOs on deck for Today: None of note.
Secondaries on deck:None of note.
Notes Priced: None of note.
Other Filings of Note: TD MYOV files mixed shelf offering. TBIO SHSP files common stock offering. CNO files senior notes.
Earnings After The Close On Friday:
Beat: None of note.
Flat: None of note.
Missed: MYOV -0.04 of note.
Still To Report: of note.
News After The Close:
FAA to reevaluate Boeing (BA) approval of 737 Max.
Fiat (FCAU) proposed a 50/50 merger with Renault.
Biomarin (BMRN) to host conference call at 8:00 a.m. EDT on Tuesday to review Valoctogene Roxapartvovec Phase 2 and Phase 3 Update.
Stock Repurchase: CPS JMEI QTT
Dividend Increase: NTR
Hourly Action This Week:
Last week saw 4 hours that were positive and 3 that were negative. 3:00-4:00 was higher for week.
Courtesy of Quantitative Partners, Inc.
What’s Happening This Morning: Futures on the S&P 500 have turned higher after struggling in the middle of the night.
U.S. futures: S&P +2, Dow Jones +38 NDX +15.75 and Russell 2000 +1.20 with fair values LOWER HELPING THE OPEN. Asia mixed and Europe mixed, click through for details by country.
Gold and silver lower with copper higher. WTI Crude 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 $125.10 from $124.89 with yields lower since Friday morning with the yield at 2.29 from 2.359%. Prices as of 8:25 a.m. EDT.
Top Sectors Friday: Conglomerates, Materials and Financials.
Weakest Sectors Friday: None of note.
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: WDAY HB YY RAMP NXGN LABL GSM of note.
Wednesday Before The Open: BMO WUBA GOOS DKS BZUN HLNE YRD THR CMCO of note.
Earnings This Morning Of Note
Beat: NIO +0.94, MOMO +0.08, PLAN +0.04, BAH +0.02 of note.
Flat: None of note.
Missed: BNS (0.04), AMWD (0.02) of note.
Still To Report: of note.
Rags & Mags:Highlighted Stories may be clicked through to the original story.
Top Story: President Trump says he is not ready to make a deal with China. (Bloomberg)
Five Things You Need To Know To Start Your Day (Bloomberg)
Huawei Founder Ren Zhengfei will protest of China retaliates against Apple (AAPL). (Bloomberg)
Opiod Trial starts in Oklahoma against Purdue Pharmaceuticals. (CNN)
China will not change its state run economy despite U.S. pressure. (CNN)
Germany’s Angela Merkel sees succession plans unraveling. (Bloomberg)
Review of European elections. (NYT)
Data Points