Stock Market Today: October 24th - 28th

Discussion in 'Stock Market Today' started by Stockaholic, Oct 21, 2016.

  1. Tiptopptrader

    Tiptopptrader Well-Known Member

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    The CNBC IQ 100 is an exclusive, data-driven index of the 100 large-cap companies best using technology to invest in and profit from new business opportunities. It is powered by M-CAM International, a global financial institution that values patents, trademarks and other intellectual property for a deep roster of government and corporate partners.

    I couldn't find the actual index yet but here is a little bit a screen shot. Look who made the list. Top row, 3rd from the left.

    How we created the CNBC iQ 100 Index of innovation leaders
    http://www.cnbc.com/2016/10/25/editors-note-how-we-created-the-cnbc-iq-100-index.html

    upload_2016-10-25_16-53-21.png
     
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  2. ESOX 606

    ESOX 606 Member

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    When I started trading, I was on Yahoo and Investor hub some. They were full of a bunch of knuckle head pumpers and dumpers (stock wise). Most have shut down completely. I searched the net and found this forum. I read some threads and liked what I saw. My first day on actually. Hope I can give some positive insight. If I get out of hand let me know, or just boot me. I'll try to behave, lots of redneck KY blood in my veins. Oh, by the way, go Cubbies and can't wait till UofK Wildcats get to rolling this year. Thanks for the welcome here. Let's all kick wall streets butt and have fun doing it.
     
  3. T0rm3nted

    T0rm3nted Moderator
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    Welcome aboard! Keep posting a lot, we need more people like that. The more people bouncing ideas and sharing information, the better. That brings more quality people from the depths of despair (stocktwits, ihub, r/wallstreetbets,etc.).

    We are all here to learn more and get ideas which will lead to making money!
     
  4. Stockaholic

    Stockaholic Content Manager

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    Nice! Well, likewise here as well. That's essentially how I started out initially some 10 years ago as well. And yes I think you are spot on about what you say about Yahoo & especially Investors Hub imho. I find that board impossible to navigate personally, with all of the ads (pop ups as well) plastered all over the place ... I seriously don't know how anyone can actually tolerate that nonsense. Yet, that board is buzzing with posts every day which absolutely blows my mind away lol. Maybe it's just me, but I honestly don't get what is so special about that site. Unless I am missing something? :rolleyes:

    Unlike on iHub where the board is just inundated with pumpers, and scammers imo, here on Holics we call that crap out. But, sadly it's seen quite often on a site like iHub and nothing gets done about it which sometimes gets to me, and I feel bad for some of those poor souls who just don't know any better. If only there was a way someone could get the message across to some of those people about the existence of this board here and pull them into safety. Haha.

    I think @T0rm3nted said it best -- keep posting frequently! Bouncing ideas and sharing info. off of each other is very helpful for everyone (members & lurkers). I like that you are jumping right into the forum discussions here and quickly getting familiar with the community. We get a handful of new members who sign up but do not participate in the discussions... But, the fact that you are already is really nice to see. ;)
     
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  5. ESOX 606

    ESOX 606 Member

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    Good morning all. Not so good for some longs probably. So good to hear all the positive comments on here. Make an extra pot of coffee and hang on today. Apple pulled the rug as well as the something I heard the other day about a presidential election or something. It's all good. Could be some good buys for longs today or by the end of the week.
     
  6. Stockaholic

    Stockaholic Content Manager

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    Good morning Stockaholics!

    Here are your market news & movers on this Wednesday-

    10/26 Wednesday's Stock News Movers: KO, CMCSA, BA, NOC, LUV, GRMN, AAPL, CMG, PNRA, JNPR, P, ESRX, AKAM
    Good day Stockaholics! Happy Wednesday! ;)


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    Frontrunning: October 26
    • Florida Once Again a Focus in 2016 Campaign (WSJ)
    • Trump Has Slim Edge in Bloomberg Poll of Florida (BBG)
    • NATO seeks troops to deter Russia on eastern flank (Reuters)
    • Arbs Stay on Sidelines of AT&T-Time Warner Deal (WSJ)
    • Holiday Forecast for Apple Crumbles (BBG)
    • Saudi Arabia Faces Tough OPEC Equation With Mounting ‘Exemptions’ (BBG)
    • Oil Companies Shift Exploration Tactics, Curb Spending (WSJ)
    • The SEC’s Beef With Shadow Banks Could Hurt Some Businesses (BBG)
    • Calais Jungle clearance resumes, tents and shelters ablaze (Reuters)
    • African Terror Franchise Now Has Competition From Islamic State (WSJ)
    • Empty Space Haunts 5th Avenue as Retailers Balk at Rent Hikes (BBG)
    • Inside the battle to succeed supreme leader Khamenei (FT)
    • Delta Creates a Class Higher Than First Class (BBG)
    • Apple Pins Hopes on iPhone 7 as Profit, Revenue Decline (WSJ)
    • China to carry out more military drills in South China Sea (Reuters)
    • Philippines' Duterte tells Japan his China visit was just economics, blasts U.S (Reuters)
    • Tata Group in Turmoil After Chairman’s ‘Bizarre’ Ousting (BBG)
    • Ousted Tata Chief Says Group Faces $18 Billion in Writedowns (BBG)
    • Pope Francis the manager - surprising, secretive, shrewd (Reuters)
    • Goldman Hopes You Won’t Notice How Many People It’s Laying Off (BBG)
    • Clouds gather in rooftop solar's biggest U.S. market (Reuters)
    • Meet the Japanese Tech Billionaire Who Says He Can Do No Wrong (BBG)
    • London House Prices Forecast to Plunge as Brexit Chokes Market (BBG)

    STOCK FUTURES NOW:
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    YESTERDAY'S MARKET HEAT MAP:
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    YESTERDAY'S S&P SECTORS:
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    TODAY'S ECONOMIC CALENDAR:
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    MOST ACTIVE TRENDING PRE-MARKET DISCUSSIONS (TICKER SYMBOLS ARE CLICKABLE!):

    TODAY'S EARNINGS CALENDAR:
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    WEDNESDAY'S PRE-MARKET ER:
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    WEDNESDAY'S AFTER-HOURS ER:
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    THIS MORNING'S PRE-MARKET NEWS MOVERS:

    source: cnbc.com

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    • Coca-Cola — The beverage maker reported adjusted quarterly earnings of 49 cents per share, beating Street forecasts by a penny a share. Revenue was also above estimates. Coke said it's had 4 percent organic sales growth so far this year, and has also seen margins expand more than 50 basis points.
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    • Comcast — The NBCUniversal and CNBC parent reported quarterly profit of 92 cents per share, beating estimates by one cent a share. Revenue was above estimates, as well. Comcast said that the Rio Olympics were the most profitable in its history, and also reported upbeat result for cable and for video subscriptions.
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    • Boeing — Boeing beat estimates by 21 cents a share, with adjusted quarterly profit of $2.81 per share. Revenue also beat forecasts, and the aircraft maker raised its full-year revenue and profit forecast.
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    • Northrop Grumman — The defense contractor earned an adjusted $3.02 per share for the third quarter, above estimates of $2.81 a share. Revenue also beat Street forecasts and the company raised its full year 2016 earnings forecast above consensus estimates thanks to improved aerospace sales.
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    • Southwest Airlines — The airline came in five cents a share above Street estimates, with adjusted quarterly profit of 93 cents per share. Revenue was slightly shy of estimates, however. Southwest benefited from lower fuel prices and record traffic, but the shares were under pressure in premarket trading because of lower-than-expected growth in the key metric of revenue per available seat mile.
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    • Garmin — The maker of wearable fitness devices came in 21 cents a share above estimates, with adjusted earnings of 75 cents per share. Revenue was also well above estimates on strong growth in its fitness, outdoor, marine, and aviation categories.
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    • Apple — Apple reported quarterly profit of $1.67 per share, a penny a share above estimates. Revenue was in line with forecasts, but it did post its first year-over-year decline in profit and revenue since 2001. The company predicted a return to profit growth in the current quarter, helped by iPhone 7 sales.
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    • Chipotle Mexican Grill — The restaurant chain saw revenue fall shy of analysts' estimates for its latest quarter, with comparable sales falling a greater-than-expected 21.9 percent. Chipotle gave a somewhat optimistic current-quarter projection for comparable sales, however, saying they would come in down in the low single digits.
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    • Panera Bread — Panera beat estimates by three cents a share, with adjusted quarterly profit of $1.37 per share. The restaurant chain's revenue also exceeded forecasts. Panera raised its profit forecast, as well, as it continues to enjoy the benefit of higher prices.
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    • Generac — The maker of commercial and residential generators beat estimates by five cents a share, with quarterly profit of 82 cents per share. Revenue was also above forecasts. Generac increased its fiscal 2016 outlook for residential sales, helped by an increase in power outages.
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    • Edwards Lifesciences — Edwards reported in-line adjusted quarterly profit of 68 cents per share, but the medical device maker's revenue fell short of estimates. The company's results were hurt by lower-than-expected international sales of its heart valve devices, among other factors.
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    • Juniper Networks — Juniper reported adjusted quarterly profit of 58 cents per share, six cents a share above estimates. The networking equipment maker's revenue came in slightly above projections. The company also issued a current-quarter outlook that was slightly higher than Street forecasts.
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    • Pandora Media — Pandora lost seven cents per share for its latest quarter, one cent a share wider than anticipated. The music streaming service's revenue also missed forecasts, as did its full-year forecast. Pandora's active users totaled 77.9 million in the quarter, down from 78.1 million in the prior quarter.
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    • Express Scripts — Express Scripts matched estimates with quarterly profit of $1.74 per share, but narrowed its full-year guidance while raising the midpoint of that forecast. The pharmacy benefit manager is projecting profit of $1.84 to $1.90 per share, above consensus forecasts of $1.74 a share.
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    • Akamai — Akamai came in seven cents a share above estimates, with adjusted quarterly profit of 68 cents per share. Revenue also beat forecasts. The web services company gave strong current-quarter guidance on increasing demand for its cloud security products.
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    • Toyota — The automaker is recalling 5.8 million vehicles in Japan, Europe, and China in yet another round of recalls related to faulty Takata airbag inflators, including some that had been used as replacements in a prior recall six years ago.
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    • Vodafone — Vodafone was fined $5.6 million by British regulators for "serious and sustained" customer failures. Regulators say the mobile operator did not act quickly to deal with those issues, largely related to billing procedures.
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    • Las Vegas Sands, Wynn Resorts — These and other companies operating in Macau may benefit today from news that Macau casino operator Galaxy Entertainment saw profit rise 28 percent in the third quarter. It's the latest sign that the long slump for Macau casino operations may have finally bottomed out.
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    • Wal-Mart Stores — Wal-Mart may reverse its decision to invest in Flipkart, India's largest online retailer. The Economic Times reports that Wal-mart is having second thoughts about its potential $1 billion investment on suspicions that Flipkart may have been inflating its numbers. The report comes in the wake of Flipkart Chief Financial Officer Sanjay Baweja's resignation this week.
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    • Alphabet — Google Fiber division is looking for a new leader following the resignation of chief Craig Barratt. Barratt will remain an advisor to the company.
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    Have a good trading day to everyone in here on this Wednesday! ;)
     
  7. Gambit

    Gambit Active Member

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    Доброе утро всем! Any ideas about Apple and Microsoft!?)
     
  8. ESOX 606

    ESOX 606 Member

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    I think Apple will be a drag on a lot overall today. It will all level out. Lot of big names hit this week. MMM, CAT, AAPL, etc. I personally will be concentrating more on small to mid caps till the 8th.
     
  9. Tiptopptrader

    Tiptopptrader Well-Known Member

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  10. ESOX 606

    ESOX 606 Member

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    Twitter is a quandrum in itself. If I was rich, heck I'd just go ahead and buy them to put all the rumors to rest. I'm sure if a few people threw some loose change in a pot and throw a bid at them, anything could happen.
     
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  11. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    AAPL was just a bit extended from the 20 week sma, is my feel. See if it goes below 113 then gets bought up (right about the 50 day too).
    [​IMG]

    Don't go too short today.
     
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  12. Stockaholic

    Stockaholic Content Manager

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    Ding! Ding! Ding! ....and we're off! Good Wednesday trading to all in here today! :)
     
  13. MaximusAnalysis

    MaximusAnalysis Active Member

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  14. Stockaholic

    Stockaholic Content Manager

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  15. Stockaholic

    Stockaholic Content Manager

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    Nice little reversal in the markets (crude related?) looks like we had some bullish oil inventories that spiked the /CL
     
  16. Stockaholic

    Stockaholic Content Manager

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    yeah that was a nice pop in oil on those inv #'s

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  17. Stockaholic

    Stockaholic Content Manager

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    futs poppin' ... /es testing the overnight high here
     
  18. Frankenstein

    Frankenstein Well-Known Member

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    I entered at SPX 2133 at 7 a.m. PST, W, this morning. It's at 2145 right now at 8:07 a.m. The SPX continues to be in that 2130 to 2160 range and so, even with the possibility of a collapse non above 2130, I decided to enter LOT 1 based on the price action for this week

    Addendum:

    1. 11:46 a.m. PST, W. The SPX dropped to 2133 from 2145 this morning. I didn't exit for profit taking. Maybe I should have but once it hit 2133, I did not exit LOT 1 The price continues to be in that range between 2130 and 2160.
    2. The volume is not high today--this action reflects, it seems, more of a range bound behavior. The collapse non above 2130 is not likely. But if it does and hits non above 2120 today or tomorrow, for example, I am likely to enter LOT 2
    3. This tight range trading is not favorable for trading options, in my opinion
    4. Intraday speaking, the bulls should work on closing this thing above 2137 or 2138--that level
    5. The bears are continuing to fight against the FED--the FED has not said anything about actually raising the interest rate--just more "hot air" about a possibility, if anything
    6. My thinking, based on my theory of the price action, is that the SPX wants to go up--above that 2160 level. If that is the case, the market is simply accumulating at this point and shaking out those who want get off the elevator before it tries to go for higher levels. But I could imagine a brief collapse non above 2120 again as a possibility to make sure that the bears participate in the penetration above 2160 with a short squeeze
    7. 12:13 p.m. PST. Looks like the 15 minute chart is forming a double bottom
    8. 12:23 p.m. The TRIN at .67 and the SPX at 2140
    9. 12:35 p.m. The SPX is at 2140. The fight is on for tomorrow
    10. 1:01 p.m. The market closed at 2139. The bulls kept it above 2138--but, of course, this right in the middle of that 2130 to 2160 range, so it may not mean all that much. The 4 hour bar is an inside bar
     
    #78 Frankenstein, Oct 26, 2016
    Last edited: Oct 26, 2016
  19. Baggi

    Baggi Active Member

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    Don't worry about getting booted. You can't get much worse than I've been over the years and they've allowed me to stay.
     
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  20. MaximusAnalysis

    MaximusAnalysis Active Member

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    2128 to 2139. Levels work but good lord this overall action is terrible
     

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