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7/27/18
Thomas Thornton
Top Overnight News

U.S. equity-index futures point to a slightly higher open, tracking European and Asian stocks. GDP data for the second quarter is due and everyone is expected a big number with Trump, Kudlow all saying it will be good.  Estimates are for 4.2% and the Fed watchers will be calling for faster hikes or perhaps 50bps if it's 5%.  Also watch 10am the University of Michigan consumer sentiment survey which peaked in March. There are a lot of earnings from last night and today to digest with Amazon up 4% (below the implied move of 5.6%) Twitter -16%, Intel -6% (maybe the most important one in my view).  Amazon's report doesn't warrant the move higher and if this breaks the VWAP from the print last night, a deeper fade and maybe down on the day will happen.  Watch 1860 level.  Hope to have Daily Note out by 11:30am.  Any requests?

  • Chinese Yuan makes another new low
  • Japan yields continue to climb
  • Gold Futures is now on day 11 of 13 with downside DeMark Countdown, GLD should have 13 downside exhaustion signal today.  I like to see both line up together.
  • Steel Powers to ‘13 High, Iron Jumps as China Fights Trump, Smog
  • S&P bullish sentiment is at 82% down from 85% - Still extreme

Market Snapshot
What to watch today with earnings, pre market movers, economic reports, etc


A lot of these have already reported by the time you're reading this.  

  • AbbVie (ABBV US) 7:40am $1.98
  • Air Canada (AC CN) 6am C$0.29
  • Ameris Bancorp (ABCB US) 9am 83c
  • Aon (AON US) 6:30am $1.64
  • Autoliv (ALV US) 6am $1.80
  • Barnes Group (B US) 6:30am 75c
  • Cabot Oil (COG US) 6:30am 20c
  • Chesapeake Lodging (CHSP US) 9am 40c
  • Chevron (CVX US) 8:30am $2.08
  • Civeo (CVEO US) 6am (7c)
  • Colgate- Palmolive (CL US) 6:55am 77c
  • Forrester Research (FORR US) 38c
  • Genesee & Wyoming (GWR US) 6am 92c
  • Goodyear (GT US) 7:15am 61c
  • Hill-Rom (HRC US) 6:45am $1.13
  • ImmunoGen (IMGN US) 6:30am (29c)
  • Imperial Oil (IMO CN) 7:55am C$0.59
  • Industrial Logistics Properties Trust (ILPT US) 7am 37c
  • Iron Mountain (IRM US) 6am 25c
  • LifePoint (LPNT US) 7am $1.08
  • Magellan Health (MGLN US) 6:30am $1.25
  • Merck & Co (MRK US) 6:45am $1.03
  • Monotype Imaging (TYPE US) 7am 11c
  • Moody’s (MCO US) 7am $1.88
  • Moog (MOG/A US) 7:55am $1.13
  • Phillips 66 (PSX US) 7am $2.19
  • Phillips 66 Partners (PSXP US) 7am 87c
  • Piper Jaffray (PJC US) 8:03am $1.04
  • Portland General (POR US) 5am 41c
  • Provident Financial (PFS US) 8am 38c
  • Sonic Automotive (SAH US) 7:30am 34c
  • Southside Bancshares (SBSI US) 6:01am 59c
  • Synchrony Financial (SYF US) 6:30am 82c
  • TCF Financial (TCF US) 8am 46c
  • Tenneco (TEN US) 6am $1.96
  • TRI Pointe (TPH US) 6am 36c
  • Twitter (TWTR US) 7am 16c
  • Ventas (VTR US) 6:56am 40c
  • Veoneer (VNE US) 5am (57c)
  • Virtu Financial (VIRT US) 6am 38c
  • Virtus Investment (VRTS US) 7:30am $3.03
    • Weatherford (WFT US) 6:45am (18c



     


    Any comments, suggestions, or questions - please email info@hedgefundtelemetry.com
    Occasionally, an earnings report date could change, or could be incorrect. We rely on various sources including Street Account, Factset, and Bloomberg to compile this report.    

     

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