morning review - 080910

8/9/2019 Morning Review - 080910

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Nicholas Colas (Chief Market Strategist): 212 448 6095 or [email protected] Clark: 212 448 6085 or [email protected]

Beth Reed: 212 448 6096 or [email protected]

U.S. EQUITIES

KFT (+2.4%) rose the most in the Dow after reporting second quarter earnings excluding some items of 60 cents a share, compared with estimates of 52cents. Newspaper publisher WPO sank 7.9% as it said the Department of Educations potential new rules could have a material affect on its Kaplan unit.For-profit schools declined on a BMO Capital Markets downgrade of the sector to Market Perform from Outperform, citing the likelihood of increasedoversight. APEI, operator of American Military University, tumbled 32.1% after eliminating its 2010 forecast, saying it will cease to provide annualprojections.

Important Conferences/Corporate Meetings Today:

JP Morgan Auto Conference Detroit, MINeedham & Company Clean Technology Conference New York, NYPacific Crest Securities Technology Leadership Forum Vail, CO

Important Earnings Today (with Estimates) From

Source: Thomson ONE

Three Day (High 1127.75; Low 1103.75):Prior Day SPX (High 1123.06; Low 1101.17; Close 1121.64):

S&P Futures

One Day (High 1127.00; Low 1103.75):

BBBB: $0.29 CCO: $0.02 CVG: $0.22 DISH: $0.53 EPE: $0.49 IT: $0.22

GLG: $0.05 HR: $0.32 KG: $0.16 LCAPA: $0.00 MDR: $0.42 MKL: $03.95

PEGA: $0.17 KWK: $0.16 RGNC: $0.11 SNI: $0.58 TSN: $0.59 WCG: $0.54Source: Bloomberg


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Nicholas Colas (Chief Market Strategist): 212 448 6095 or [email protected] Clark: 212 448 6085 or [email protected]

Beth Reed: 212 448 6096 or [email protected]

FIXED INCOME

Source: Bloomberg

Todays Important Economic Indicators/Events:None

Source: Bloomberg

Treasury 2-year yields dropped to another record low of 0.4977 percent intraday, dipping below 0.50 percent for the first time, after the July payrollsreport showed the economy lost more jobs than forecast. The benchmark 10-year note yield fell 8 basis points to 2.82 percent, while the spread between2- and 10-year debt yields dropped 5 basis points to 232 basis points.


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morning review - 080910

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