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Superstock Investor
Gold & Energy
Advisor |
[Printable Version of This Page] Market Matters:Futures lower this morning as Wall Street Waits For the Unemployment Numbers In After Hours TradingDMAN beat estimates after the close.What's Happening This MorningS&P 500 and NASDAQ futures -5.50 and -8.80 at 7:40 EDT. Brent Crude is at $67.71 from $70.74 with gold at $933.00 from $930.50 and natural gas at $3.74 from $3.84. The Up Dollar ETF (UUP) was lower by -0.50% and closed at $23.78. Yen is at 96.67 from 96.86 with the Pound at .61 and Euro at .71. Asia and Europe lower.Earnings ExpectedNone expected after the close.Rags & Mags: Inside Wall StreetNew York Times reports Morgan Stanley (MS) is being penalized for not taking risk last year like rivals JPM and GS. Ford car sales fell only 11% from June 2008. WSJ reports manufacturing could rise in the U.S. in the second half of the year however jobs remain weak.Reported Earnings This MorningMEI MSM beat estimates this morning.Data PointsYesterday saw 2206 stocks rise and 775 fall on the NYSE. NASDAQ saw 1776 rise and 865 fall. The S&P 500 is back above its 50 day moving average and the 200 day moving average. A golden cross has been formed and needs to solidify.EconomicsJob’s Thursday instead of Job’s Friday. The unemployment rate is expected to rise to 9.6% from 9.4%. Nonfarm Payrolls are expected to fall to -350,000 from -340,000.PoliticoNone of note.Conference & Analyst MeetingsAnalyst meetings SNY. Updates from DSCO.Conference of NoteM & A NewsExelon (EXC) increases bid for NRG Energy (NRGY) buy 12%. Lear Corp (LEA) to file for bankruptcy.Key Upgrades and Downgrades
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