FunFact: Today is National Pi Day. It is also Albert Einstein’s birthday and he did not invent Pi. The Babylonians got Pi to 3.125, close, but Archimedes is credited with the first 3.14 figure. Pi is the ratio of the circumference of a circle to its diameter, otherwise known as the mathematical constant π. How many places can you take Pi out? 3.14159 is where I stop. Though for a while I tried to take Pi out ten decimal places with my left and right hand at the same time to get an A in statistics.
In After Hours Trading
IPOs on deck This Week: None of note this week. Next week Lyft. Levi Strausssets its range $14 to $16.
IPOs on deck for Today:None of note.
Secondaries on deck: EPRT AXGT BBW GMRE of note.
Convertible Notes on Deck: EEFT SSRM of note.
IPO Filings Announced After The Close: None filed today to go public.
Announcements For Secondary Filings & Financings: GMRE EGAN AXGT AEP GDS common stock offering.convertible offering. KLAC KOS SSNC issues senior notes.
Research Alert: Erlanger Research notes that the latest short interest data came out on Tuesday and the Erlanger Committment of Short Sellers now sees smart short sellers over take dumb short sellers as 14 of the 24 sectors now see smart short sellers in control. For a full review of the data click through to our link to the full report.
Earnings After The Close:
Beat: GDS +0.32, DOMO +0.30, MDB +0.21, SMTC +0.02, FLNT +0.02, TLRD +0.01
Missed: KINS (0.20), CLDR (0.08), SFS (0.04)
Positive Guidance: DOMO FLNT MDB.
Negative Guidance: CLDR GDS SMTC TLRD.
News After The Close:
Northrop Grumman (NOC) wins $350 million contract with the Army.
Boeing (BA) wins $250 million Air Force contract.
LATAM Airlines (LTM) sees Februray traffic +4.9%, +6.5% capacity and load factor 84.1 (-1.2%).
Ventura (CA) Fire Department says power lines started the Thomas Fire of December 2017 a negative for Edison International (EIX).
Dividend Increases: INDB
Stock Repurchase: EQC BGS KRNY
Hourly Action This Past Week:
What a difference hourly action has seen since Friday 1:00 onward.
What’s Happening This Morning: Futures on the S&P 500 fell to 2788 by 10:45 p.m. EDT and have rallied above 2800.
U.S. futures: S&P -2.00, Dow Jones -29.00, NDX -0.25 and Russell 2000 -1.70 with fair values LOWER LESSENING LOSSES. Asia mixed and Europe mostly higher, click through for details by country.
Gold, silver and copper lower. WTI Crude lower and Brent Oil Futures flat. Natural Gas is higher. $ is lower vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury price 122.66 from 122.75 with yields higher since Wednesday morning with the yield at 2.632% from 2.623%. Prices as of 8:15 a.m. EST.
Top Sectors Wednesday: All lead by Materials, Healthcare and Financials.
Weakest Sectors Wednesday: None.
One Month Winners: Technology, Materials, Conglomerates, Utilities and Services.
Three Month Winners: Industrials, Technology, Services, Conglomerates and Financials.
Six Month Winners: Utilities and Conglomerates.
Twelve Month Winners: Utilities, Conglomerates, Healthcare and Services.
Year to Date: All higher led by Conglomerates, Industrial Goods, Technology, Services, Materials and Utilities.
Upcoming Earnings Of Note (sorted by market cap, highest to lowest):
Today After The Close:
Thursday Before The Open:
Earnings This Morning Of Note:
Rags & Mags:
Top Story: U.S. and China may not meet in April to iron out trade deal. (Bloomberg)
5 Things You Need To Know To Start Your Day– (Bloomberg). Chinese economy slows. No deal on Brexit. OPEC monthly report out today.Housing prices drop in U.K.