Really hoping to see those big tech names carry the market just a little higher tomorrow....shorts, here we come!
Top of the morning Stockaholics! Happy Friday to all of you! And welcome to the final trading day of the week and for the month of July and a fresh start. Here is a quick check on those futures as we are a little over 4 hours from the cash market open. GLTA on this Friday, July the 29th, 2022.
Morning Lineup - 7/29/22 - We Made It! Fri, Jul 29, 2022 Stocks are looking to close out a strong week on a positive note this morning as S&P 500 and Nasdaq futures are indicated higher. Earnings have been the driver of the strength, and this morning we're seeing positive reactions to reports from the likes of Apple and Amazon on the tech/growth side to Chevron and Exxon on the energy side. We're pretty much done with earnings for the week, but a number of economic reports are on the calendar. Employment Cost Index, Personal Income, and Personal Spending were all just released, and every one of them exceeded forecasts by 0.1 percentage points. PCE Deflator numbers were also just released and were exceptionally high relative to history but generally in line with or slightly higher than expectations. The initial reaction from the markets has been weakness in equity prices and higher yields in the Treasury market. Outside of these reports, the only others on the calendar are Chicago PMI and Michigan Confidence which will both be released after the opening bell. With all that’s gone on this week and how lousy a year it has been for the equity market, it’s surprising that the S&P 500 heads into the final trading day of the week with a gain of nearly 3%. The performance of the four mega-cap stocks (Alphabet, Amazon.com, Apple, and Microsoft) this week has been equally as impressive. The table below lists every earnings season since 2015 that all four stocks reported earnings in the same week. Before this week, in each of the eight prior earnings seasons where all four stocks reported in the same week, there was never an earnings season when they all reacted positively the day after their reports, and the S&P 500 was only higher in that week two times. That trend changed this week. GOOG and MSFT already reported and both rallied more than 5%. AAPL and AMZN, meanwhile, reported after the close Thursday, and both stocks traded higher after hours. Along with the gains in all four stocks, the S&P 500 is already up 2.8% on the week through Thursday’s close and indicated higher in the pre-market. As nervous as bulls were heading into the week with all the major events (earnings, FOMC meeting, Q2 GDP report) on the calendar, as often ends up being in the case with these types of situations, the bark turned out to be a lot worse than the bite.
The pre-market thread is now up on Reddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading on this Friday, July the 29th, 2022! LINK: https://www.reddit.com/r/StockMarket/comments/wb3szy/729_fridays_premarket_stock_movers_news/
Grabbed some SPDN at $15.60, let's see if we will get a little bit of a pullback after a huge rally this week
Gooooooooood Friday evening and a happy start to the weekend to all! The market week ahead thread is now up on Reddit for anyone looking for a quick read over this coming weekend: LINK: https://www.reddit.com/r/StockMarket/comments/wbhdet/wall_street_week_ahead_for_the_trading_week/ Next week's most anticipated earnings calendar from EW has been posted. Here are also EW's highest vol earnings releases for next week and Monday's pre-market notables. Have yourself an absolutely splendid weekend ahead and here's to a crazy awesome trading in the new week. Get that moola y'all's! Will catch up with y'all's same bat time, same bat channel bright and early in the AM on Monday. Cheers!
I want to share SPX daily and weekly charts showing what "is" happening. Is the the place to do this?
Ditto what @anotherdevilsadvocate said as well. Feel free to fire away my man. Totally fine to share that in here. In fact, it is very much encouraged haha. Welcome to the forums @AJAskey!
Top of the morning Stockaholics! Happy Monday to all of you! And welcome to the new trading month of August and a fresh start. Here is a quick check on those futures as we are a little under 5 hours from the cash market open. GLTA on this Monday, August the 1st, 2022.
The pre-market thread is now up on Reddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading on this Monday, August the 1st, 2022! LINK: https://www.reddit.com/r/StockMarket/comments/wdfsha/81_mondays_premarket_stock_movers_news/
Morning Lineup - 8/1/22 - The Real World Mon, Aug 1, 2022 41 years ago today, teens, pre-teens, and other people resembling the cast of "Stranger Things" watched "Video Killed the Radio Star" as MTV revolutionized the entertainment industry by making music both a listening and viewing experience. Eleven years later, in 1992, MTV mixed things up again with the launch of "The Real World" in what ultimately became the start of the reality TV revolution. The life cycle of MTV has been interesting to watch. What started as a network intended solely for 'watching' music, has become a network that now shows little or no music at all. MTV's experience also shows the importance of adapting and changing with the times. Peter Drucker may not have had MTV in mind, but the phrase most famously applied to him still applies. Innovate or die. Futures started off the month of August with losses last night but have erased much of the weakness so far this morning. Treasury yields are only marginally higher, crude oil is lower, while gold is higher. The big economic indicator of the day is the ISM Manufacturing report at 10:00 AM Eastern. Economists expect the headline reading to come in at 52.2 versus June's reading of 53.0. Any reading under 53.0 would be the weakest reading in two years (June 2020). There may not be an official start date, but August represents what many consider the dog days of summer when, for a lot of people, the market is the last thing on their minds. Historically, there have been a number of calamitous events that began or transpired in August, but overall stock market returns during this time of year have been middling. The snapshot below from our Seasonality tool shows that over the last ten years, the S&P 500's median performance from the close on 8/1 over the next week, month, and three months has ranked between the 50th and 60th percentile. For the next week, the S&P 500's median gain has been 0.40%. The next month has had a median gain of 1.15% while the next three months have seen a median gain of 2.75%. Nothing especially notable, but the way this year has gone, a gain is a gain!
Here are the most notable earnings releases due out after today's market close. NOTABLE TICKERS WITH ER AFTER TODAY'S CLOSE: ($DVN $PINS $FANG $ATVI $MOS $CAR $CF $RIG $SPG $ANET $WMB $AFL $CRK $MATX $MPWR $ZI $VNOM $CVI $AMKR $AMRC $LSCC $SBAC $DAC $ADUS $EBS $DVA $BCC $AWR $CLAR $TMDX $RMBS $VRNS $CSWC $CACC $OGS $EPR $EHC $TTI $OHI $BSM $SOI) EW CALENDAR:
Here are the most notable earnings releases due out before Tuesday's market open. NOTABLE TICKERS WITH ER BEFORE TOMORROW'S OPEN: ($UBER $CAT $BP $JBLU $MPC $MAR $TSEM $RACE $EOSE $SPWR $ACDVF $ZBRA $SPGI $CMI $RYTM $OTLY $DD $HUN $ENTG $WEC $SABR $OXLC $WLK $ARNC $ETN $TAP $MPLX $EXPD $SXC $AME $BLD $IDXX $LEA $KBR $GPRE $CNP $AUDC $CWEN $INCY) EW CALENDAR:
Pelosi to visit Taiwan, local media say, despite China warnings (cnbc.com) Will be interesting to see how China will react to it
