{+++}A better-than-expected ADP Employment reading and a stronger-than-expected ISM Service Index gave stocks a lift, but caution ahead of other pivotal jobs data limited gains until an afternoon bid lifted the major averages out of their trading ranges to a solid finish. After the close, ALL, HIG, MELI, PPO, PRU and RIG were the only notable names that reported after the close.
Nine out of the ten sectors were in positive territory, led by consumer discretionary (+1.5%), health care (+0.9%) and materials (+0.7%), while telecom (-0.1%) was in positive territory.
Tomorrow morning, two economic reports are scheduled to be released before the open including: 1) Continuing Claims (Consensus 4530K) and 2) Initial Claims (Consensus 455K).
Tomorrow, before the open, of the many companies scheduled to report, some of the bigger names include: ATK, BVF, CVC, CNQ, CAH, CBOE, CHD, CI, CNK, DSX, DTV, FWLT, FREE, RAIL, FTO, FSYS, GNA, GPOR, HWK, HEW, HOC, HUN, KLIC, LIZ, MF, ZEUS, OWW, ORN, PLD, PDC, PLA, PPL PBH, SUG, TDW, TWC, VIA.B, and WMG.
I was running all evening so the post is a little late. I have added two potential longs for the morning:
AIG and DRN
I will see you at the open.
PS I left my sheets at the office, someone please semd me entry and stop price for AMZN today…thanks.
Joe