Bad News is Still Good News

Good morning folks,

We talked about it over the weekend and one of the things we wanted to see was if bad news would be considered bad news. Well it appears that bad news is still considered good news. 

After the weak employment report and the futures taking a hit it looked like we were going to have a very weak open and then the markets had a nice little rally with the SPY IWM MID--X and NASDAQ all closing in the green IBB IYT and ITB . The bulls appear to be taking back control. 

The dollar strength we have been seeing took a bit of a hit from the weak employment numbers and that was good for the big multinationals. Gold Silver and Oil all had nice moves yesterday and it possible that is likely to continue so keep a close eye on those sectors. 

FDX announced an acquisition this morning which could give that transport sector a a little lift. However keep in mind that rising oil will trump acquisition news since it is the largest input cost for airlines and trucking companies so be careful.

Stocks on my radar premarket 
 PRIM possible continuation of contract news, GLYC pr very thin decent daily possible 9 dolla holla, ONCY penny play pr this morning could be at a bounce spot on the daily, GBX nice earnings beat and guidance raise flat top breakout on the daily, UTSI pr can be a pop and flopper thin so do not chase it, AMRN pr after the close thin but I like the daily, MIND another thin name 5 dolla roll possible bottom bounce reports earnings after the close may have a pre earnings run, VJET possible continuation, RNDY possible continuation,  ONVO pr big short target could get jiggy but wait for a setup and don't chase it, MY possible 3 dolla holla off nice earnings, FEYE still on my swing radar  



CNBC in the News 


Seeking Alpha 

	IN THE NEWS TODAY

U.S. stock futures were higher in early trading, after Monday's reversal of early post-jobs report losses. The Dow registered a double-triple, down and up more than 100 points in the same session. (CNBC) Gold was down early Tuesday, following yesterday's rally. But prices of the precious metal are returning about double the gains of the S&P 500's mild 1 percent year-to-date advance. (CNBC) Oil was lower this morning, after Monday's 6 percent surge. In a research note, Goldman Sachs said, "Prices need to stay low for longer to achieve a ... sustainable slowdown in U.S. production growth." (CNBC) The strong dollar is hurting American businesses and could ultimately lead to a slowdown in U.S. economic growth, BlackRock (BLK) CEO Larry Fink warned in a shareholder letter set for release next week. (Reuters) Looking to expand globally, FedEx (FDX) plans to buy Dutch rival TNT Express in an all-cash $4.8 billion deal. Two years ago, UPS (UPS) tried to buy TNT, but was denied by competition regulators. (CNBC) In a memo ahead of the Apple Watch launch later this month, CEO Tim Cook said employees would get 50 percent discounts on the aluminum sport and stainless steel models, and $550 off of the pricey gold one. (9to5Mac) Samsung Electronics today reported earnings guidance that beat expectations, in what analysts say could be the "first glimpse of a turnaround" for the struggling tech giant. (CNBC) Viacom (VIA) is taking a pre-tax charge of about $785 million as the media giant cuts jobs, abandons some acquired titles, and reorganizes three of its domestic network groups into two new organizations. (Reuters) Netflix (NFLX) said the movie "Special Correspondents," an original comedy film written and directed by Ricky Gervais and starring Eric Bana, will make its worldwide debut on the streaming service next year. (NY Times) Starbucks (SBUX) is doubling its free college tuition plan for employees to cover a full four years of college instead of two. The coffee giant is also offering employees faster tuition reimbursement. (USA Today) For the last 35 years, Herbalife (HLF) has sold its nutrition and weight-loss products through a network of independent salespeople, not online. But that's changing. (LA Times) Sen. Rand Paul of Kentucky is formally set to enter the GOP presidential race today during a rally in Louisville. Paul will join Sen. Ted Cruz of Texas in the battle for the support of hard-line conservatives. (USA Today) BY THE NUMBERS Views on the state of the economy reached new heights in the latest CNBC All-America Economic survey, with 27 percent judging the economy as excellent or good, the highest level in eight years. After Friday's really weak March employment report, investors get another look at the state of the job market at 10 a.m. ET, when the Labor Department releases its Job Opportunities and Labor Turnover Survey for February. The JOLTS report is a favorite of Fed Chair Janet Yellen. This afternoon, at 3 p.m. ET, the government also issues February consumer credit figures. Restaurant chain Dave & Buster's (PLAY) is out with its quarterly results after the closing bell on Wall Street. Earnings season really gets going in the next few weeks. STOCKS TO WATCH Canada is selling its multibillion dollar remaining stake in General Motors (GM) to Goldman Sachs. The sale comes as the government there searches for ways to balance the budget. BHP Billiton (BHP) and Rio Tinto (RIO) are targets of Australian tax authorities, who are reportedly pursuing multibillion-dollar tax claims against both related to a shift in reported profits to Singapore-based tax shelters. Ocular Therapeutix (OCUL) saw its cataract pain drug fail to meet one of its primary goals in a late-stage study. The company went public in July, and its stock has nearly tripled since then. United Technologies (UTX) won reversal of a $657 million judgment related to alleged overcharging of the government for jet engines, in a case that goes back to 1983. Intel (INTC) said it will change its financial reporting structure, effective with the publication of fiscal first-quarter results on April 14. The chipmaker willcombine the results from its PC and mobile groups.

Today's economic calendar:
8:30 Gallup US ECI
8:55 Redbook Chain Store Sales
10:00 Job Openings and Labor Turnover Survey
1:00 PM Results of $24B, 3-Year Note Auction
3:00 PM Consumer Credit