Welcome Stockaholics to the trading week of May 15th! This past week saw the following moves in the S&P: Major Indices End of Week: Bird's Eye view of the Major Futures Markets on Friday: Economic Calendar for the Week Ahead: Sector Performance WTD, MTD, YTD: What to Watch in the Week Ahead: Monday Earnings: Trivago, Nippon Telegraph, Noah Holdings, DXP Enterprises 8:30 a.m. Empire State manufacturing 10:00 a.m. NAHB survey 4:00 p.m. TIC data Tuesday Earnings: Home Depot, TJX Cos, Dick's Sporting Goods, Weibo, Red Robin Gourmet Burgers, Urban Outfitters, Jack in the Box, Vodafone, Staples, Manchester United 8:30 a.m. Housing starts 8:30 a.m. Business leaders survey 9:15 a.m. Industrial production Wednesday Earnings: Target, L Brands, Cisco System, Tencent, American Eagle Outfitters, Flower Foods, ZTO Express, Rexnord 7:00 a.m. Mortgage applications Thursday Earnings: Wal-Mart, Alibaba, Applied Materials, Autodesk, Salesforce.com, Gap, Burberry, Ralph Lauren, McKesson, Ross Stores, Buckle, Eagle Materials 8:30 a.m. Initial claims 8:30 a.m. Philadelphia Fed survey 1:00 p.m. Cleveland Fed President Loretta Mester Friday Earnings: Campbell Soup, Deere, Foot Locker 9:15 a.m. St. Louis Fed President James Bullard
Stocks Sink Despite VIX Records As Economic Data Collapse Continues Overheard in China this week... "I was inverted..." US Macro Data has collapsed for 8 straight weeks to its weakest and most negative in 12 months... The last time US Macro and stocks decoupled like this was in mid 2015 and did not end well for stocks... Finally to put a nail in this utter idiocy - here is 'soft' and 'hard' data... equities have even decoupled from the hype in 'soft' data... So after all that stocks actually ended the week red (aside from Nasdaq of course which is awesome)... VIX has now closed below 11 for 15 consecutive days... Smashing the previous record... Financials were the worst hit on the week, Tech outperformed... It was a retailer massacre this week, but FAANGs soared... Despite 2 very weak auctions (10Y and 30Y), Treasury yields ended the week lower... 30Y Yields dropped back below 3.00%... After this morning's CPI data missed expectations sending breakevens tumbling (after rising on yesterday's inflation data)... The USD Index tumbled on the day (3rd day down in a row) after weak CPI data but remains higher on the week... All the majors compressed today to end the week marginally changed but note that Yuan was the only one stronger on the week against the dollar... Despite USD strength, crude had a good week (driven mostly by an inventoiry driven squeeze. Gold, silver, and copper were close to unch (rallying as the dolar index slipped the last 3 days)... Gold managed to get back above its 100-day moving average and Silver's streak of losses stalled... Finally Bitcoin was battered today after the global ransomware attacks struck... (still up 10% on week, and up 6 of the last 7 weeks for a 75% gain) Bonus Chart: WTF!! Source: WolfStreet
Spoiler: Weekend Reading: The Drudging Report Auth9ored by Lance Roberts via RealInvestmentAdvice.com, This…has…to…be…the…most…boring…market…ever. For almost a month now, the market has gone literally nowhere. Despite news of the passing of the American Health Care Act, the Continuing Resolution, or “stellar” earnings reports…nothing seems able to excite either the bulls or the bears. RELATED VIDEO WN: Market Data, 10 a.m. EST Boring. The only thing more boring than the market over the past few weeks has been the volatility index which recently hit lows not seen in over a decade. As was noted last week by John Mauldin: “There have been only 11 days out of some 6900, going back almost 28 years, when we’ve had a sub-10 VIX. When I look carefully at those dates, the word complacency leaps to mind.” He is right. And the problem with complacency, like everything else in the world, is that it comes and goes in cycles. The chart below is the MONTHLY read on the volatility index as compared to the S&P 500 index. I have marked the previous low levels of the volatility index and the subsequent corrections. It should be noted the correction in 1994, while small was following the recession of 1991 as the market was just beginning to enter into the “dot.com” craze. The current environment more closely resembles that of 2007 as the market heads toward the END of a bullish phase with valuations extended, exuberance high and fear extremely low. (I have marked a similar correction back to the 2011 support levels.). Like high levels of margin debt, low levels of volatility is not a problem…until it is. Falling levels of volatility, like rising levels of margin debt, are not good leading indicators to predict a change in market behavior. However, margin debt, corporate leverage, volatility, when eventually ignited by some catalyst, is the equivalent of throwing a stick of dynamite into a tanker of gasoline. But that is a story for another day. For now, the market remains boring as investors rush to “buy in” to the bull market exuberance. It seems as if investors will never learn. In the meantime, here is what I am reading this weekend. Politics Trump Talks Trumponomics With Economist by Tyler Durden via ZeroHedge 6-Month Window & A Fiscal Fumble by Jason Leach, CFA via FusionPoint Capital Why Comey Dismal Is A Negative by Edward Harrison via Credit Writedowns America’s Economy Is Adequate Again by Matt O’Brien via Wonkblog Tax Cuts & The Stock Market by Jeffrey Kleintop via Charles Schwab Trump Stuck In A Low Growth Trap by Robert Samuelson via RCM Glass-Steagall Reboot Worse Than Disease by Allan Golombek via RCM Killing Banking Rules Will Bring Downturn by Mark Thoma via Fiscal Times Pay Attention To The Hard Data by Charles Lieberman via Bloomberg Clock Is Ticking On Tax Reform by Jeremy Scott via Forbes Pressure Is Building To Raise Rates Faster by Tim Duy via Fed Watch Tax Plan Would Blow Up The Deficit by Rob Garver via Fiscal Times Why Tax Revenue Projections Are ALWAYS Wrong by Richard Rahn via Washington Times Markets There’s No Growth – Stunning Warning For OPEC by Tyler Durden via ZeroHedge The Bond Market Didn’t Get The Memo by Caroline Baum via MarketWatch What’s The Deal With Low Volatility by James Picerno via Capital Spectator The Great Narrowing Of The S&P 500 by Wolf Richter via Wolf Street Perfect For All Of Eternity by David Stockman via Daily Reckoning Get Ready For Lower Market Returns by Michael Santoli via CNBC Losing Control by Eric Parnell via Seeking Alpha Stock Market Still Has Room To Run by Michael Kahn via Barron’s Don’t Wait For Recessions To Sell by Anora Mahmudova via MarketWatch As Optimism Multiplies, Risk & Disappointment Expand by Doug Kass via Real Clear Markets Storytelling Animals by Charlie Bilello via Pension Partners A Bear Market Approaches, But A Bull Run First by Howard Gold via MarketWatch Are You Done Looking For A Top Yet? by Avi Gilburt via Nasdaq Research / Interesting Reads Pension Tension II: Don’t CA My TX by Danielle DiMartino-Booth via Money Strong Dalbar 2016: Investors Remain Own Worst Enemy by Tom Allen & Mark Hebner via IFA.com You, My Friend, Are Crazy by Meb Faber via Faber Research Good Banks, Bad Banks by Chris Whalen via Daily Reckoning ETF’s Reach $4 Trillion In AUM by Value Walk The Time Seems Very, Very Different by Denis Ouellet via Edge & Odds The Pig Has Exited The Python by Mark Hanson via MHanson.com Is $1 Million Enough To Retire? by Taylor Schulte via Kiplinger An Accident Waiting To Happen by Jason Zweig via Intelligent Investor Why 401k’s Are Vulnerable To Tax Reform by Gail Marks Jarvis via Chicago Tribune Why Are Markets Ignoring Black Swansby Nouriel Roubini via Project Syndicate Financial Lessons From Mom by Carrie Schwab-Pomerantz via Schwab Investors Ignore Central Investing Principles by John Hussman via Hussman Funds Record Close But No Cigar by Dana Lyons via Tumblr A Lot Of Smart People Using Those 4-Words by Jesse Felder via The Felder Report “There is nothing riskier than the widespread perception that there is no risk.” – Howard Marks
Here are the percentage changes for the major indices for WTD, MTD, QTD & YTD thus far in 2017- S&P sectors for the past week-
May Option Expiration Week a Mixed Bag Trading around May option expiration is mostly a mixed bag. Only the first day of the week has a solidly bullish bias over the past 35 years. Trading the rest of the week into Friday, and the following week has historically been choppy. DJIA has been down nineteen of the last thirty-five May expiration days with an average loss of 0.15%. The full-week has a bearish bias for DJIA and S&P 500 with records of 18 declines and 17 advances over the past 35 years. More recently, DJIA and S&P 500 have suffered declines in six of the past eight expiration weeks. Market usually rises in celebration of Mother’s Day Over the last twenty-two years on the Friday before Mother’s Day and the Monday after the Dow Jones Industrials have gained ground fifteen times. Average gain on Friday has been 0.20% and a respectable 0.49% on Monday. However, in four of the last five years, the Monday following Mother’s Day has been down. Boring Days Historically Lead to Solid Yearly Gains Today was yet another relatively boring day for the market. S&P 500 finished the day 0.11% higher, NASDAQ was 0.14% higher and DJIA slipped -0.16%. Year-to-date DJIA has had just four trading days where it gained or lost more than 1%. At this pace DJIA is on track to finish the year with around 12 trading days exceeding +/- 1%. Going back to 1950, DJIA has averaged 52.1 trading days per year that exceed +/- 1%. The dullest year was 1964 with just three days outside +/- 1%. DJIA gained 14.6% that year. DJIA’s most exciting or more appropriately, scariest year, was 2008 with 134 days with daily moves exceeding +/- 1%. In 2008, DJIA plunged 33.8%. Separating 67 years into four groups in the table below reveals that well below average volatility has been most commonly seen during solidly bullish years. Of the 15 years that DJIA recorded 26 or less +/- 1% days its average annual performance was 17.9%. Only in one year, 1953, did DJIA post a full-year loss and 12 of those 15 years had double-digit gains. Bespoke’s Asset Class Performance Matrix May 12, 2017 Monday, May 8th marked the six-month point since Trump was elected on 11/8/16. Below is a look at our asset class performance matrix, which highlights the total return of a wide variety of ETFs. The three time frames used in this edition of the matrix are since the election (11/8/16), year-to-date, and this week. As shown, equities in the US faded a bit this week, but they’re still up massively since the election. Performance for foreign markets was scattered this week, with Brazil surging 5.7% and Spain falling 3.6%. Commodities had a bounce back week, but they’re still down since the election with the exception of UNG. Treasury ETFs saw a slight week-over-week bounce, and they’re now solidly in the green on the year even though they’re still down since the election. Utilities: Re-Charging For a Breakout? May 12, 2017 We don’t talk about the Utilities sector a whole lot, but in putting together our S&P 500 Chart Book this week, there were a number of interesting looking charts in the sector. Given their heavily regulated nature, in many cases, charts of stocks in the Utilities sector often look indistinguishable from one another. Given that, right now we’ll just focus on the chart of the overall sector. After a big run-up in late 2015 through the first half of 2016 on the heels of falling interest rates, the sector fell on some hard times in the second half of 2016. The lows following that sell-off, though, came right after the election when interest rates spiked. You’ll also notice that the decline came to an end right at the previous highs before the late 2015 breakout, and since then it has rebounded nicely. Beginning in late February, however, the sector has been in a sideways range consolidating those gains right below its prior highs. With this sideways range forming a nice base for the sector, any rally from here should be enough to power it right past those prior highs. Best and Worst Performing S&P 500 Stocks YTD May 11, 2017 The S&P 500 is up nearly 7% year-to-date, but the average stock in the index is up just 5.70%. This means the largest stocks in the cap-weighted index are outperforming the smallest names. Even still, two-thirds of the stocks in the S&P are up year-to-date, while 35% of stocks are up more than 10%. Seventy stocks are up more than 20%, while just 25 are up more than 30%. Below is a list of the 30 best performing S&P 500 stocks year-to-date. As shown, Vertex Pharma (VRTX) is up the most with a gain of 55%, followed by Activision Blizzard (ATVI), Arconic (ARNC), CSX and Lam Research (LRCX). Wynn Resorts (WYNN) — a Bespoke Model Portfolio name — ranks 7th best with a gain of 40.8%, while Adobe (ADBE) — another Bespoke Model Portfolio name — ranks 18th with a gain of 31.7%. Apple (AAPL) ranks just behind ADBE at 31.68%. As the largest stock in the world with a market cap of just under $800 billion, Apple’s gain this year has been a huge contributor to the cap-weighted S&P 500. Another mega-cap Tech name that’s up more than 30% YTD is Facebook (FB). Coach (COH) may be the most surprising name on the list in the 29th spot given the pain that Retail stocks have gone through. But remember, since Coach is a retailer that has its own brand, it’s not part of our Death By Amazon (DBA) index of retailers that rely mostly on third party brands. That’s where the real pain is. You can find a number of Death By Amazon index members on the list of worst performing S&P 500 stocks year-to-date, however. Remember, to be part of Bespoke’s DBA index, you have to be a retailer that relies mostly on third party brands. See if you can spot a few of them on the list of 2017’s biggest S&P 500 losers: S&P 1500 Most Heavily Shorted Stocks May 10, 2017 The major exchanges released short interest figures for the end of April after the close on Tuesday, and while overall levels of short interest didn’t see much in the way of major changes, the number of heavily shorted stocks continues to expand as 61 stocks in the S&P 1500 now have more than a quarter of their float sold short. In the interest of space, the table below lists the 20 stocks in the S&P 1500 with the highest levels of short interest as a percentage of float. As shown in the table, these stocks have been performing admirably so far in May with an average gain of 5.32% and a median gain of 4.03%. The big winner on the list has been World Acceptance (WRLD) which has rallied over 57%, helped in large part by a positive earnings report on Tuesday. Another trend in the semi-monthly short interest figures over the last few months has been the strong presence of retail-related stocks. As shown in the chart, short interest as a percentage of float for the group is currently over 13% and at its highest level since the Financial Crisis. Obviously, with Death By Amazon, sentiment towards the retail sector is tilted to the negative side, and while our longer term view towards brick and mortar retail is negative, nothing moves in a straight line. There will be times when sentiment gets too extreme and the sector will rally. One example of this shows up in the most recent short interest data. As shown, seven of the twenty stocks highlighted are retailers, ranging from RH with over 45% of its float sold short to JC Penney (JCP) which has close to 38% of its float sold short. In terms of performance, though, six of the seven stocks highlighted are up so far in May with an average gain of 7%. With some of these companies starting to report results that weren’t quite as bad as the market expected, the group is catching a break. Calm Before the Storm? Putting This Year’s Tranquil Markets in Perspective Posted by lplresearch Equity volatility has been extremely low in 2017, much to the surprise of most market participants. From geopolitics, to falling commodity prices, to drama out of Washington – there has been no shortage of potential catalysts. Although yesterday’s 0.59% daily range might not have felt much different from most trading days this year, it ended a record streak of 14 consecutive days with a daily range of less than 0.50%. The previous record was six days, hit four other times (using reliable intraday data back to 1970). Looking at the four times the S&P 500 Index went six days in a row within a 0.50% daily range, it is important to note this lack of volatility usually happened amid bullish trends. Three months after the previous four streaks ended the S&P 500 was up 1.8% on average, and six months later its average gain was 3.3%. The average daily range for the S&P 500 Index so far this year is 0.57%, which is the lowest range going back to 1970. Additionally, the CBOE Volatility Index (VIX) recently closed below 10; its lowest closing level since 1993 and it has averaged 11.9 so far this year, again the lowest level ever. Per Ryan Detrick, Senior Market Strategist, “Here’s the catch though; volatility won’t stay low forever. Like most things in the market it ebbs and flows. All of this suggests a likely pickup in volatility over the remainder of this year.” Could volatility stay low through year-end? Anything is possible, but as the economic cycle ages, we expect volatility to likely increase. With earnings and the economy both on firm footing, we would recommend using any weakness to add to portfolios. Ready, set…hike! Posted by lplresearch Market expectations for an interest rate hike after the Federal Reserve’s (Fed) June 13-14, 2017 meeting have reached 100%, as measured by Bloomberg’s World Interest Rate Probabilities. Just two months ago, the day after the Fed raised rates at its March 14-15 meeting; market-implied expectations of a rate hike at its June meeting were at 53%, per Bloomberg’s measure. What has changed to cause this quick jump in expectations? The Federal Open Market Committee (FOMC) has emphasized in recent years that policy decisions are data dependent, meaning data related to jobs and inflation are key to its decision-making process to fulfill its mandate of maximum employment and price stability. March CPI data: Inflation data for March 2017 were broadly disappointing, which led rate hike expectations for June to fall to as low as 44% in April, as the chart below shows. French elections: Expectations recovered during the next few weeks, but the catalyst for a significant move higher was the first round of French elections on April 23, 2017. President-elect Emmanuel Macron’s victory reduced the potential for France to leave the European Union. This market-friendly result pushed rate hike expectations for June back up to 70%. May FOMC meeting: After the committee viewed recent weak economic data as transitory, rate hike expectations subsequently rose to 94%. April Employment report: Last Friday’s above-consensus jobs report was enough to push expectations to 100%. With more than a month to go before the Fed’s next meeting, market expectations could still change, but the Fed ultimately makes the decision, not the market. However, the markets don’t like surprises, and the Fed doesn’t like to surprise the markets.
Stockaholics come join us in our weekly market poll and vote where you think the markets will end this upcoming week ahead!- Weekly SPX Poll - Sentiment (5/15-5/19) <-- click there to cast your weekly vote for this upcoming week! In addition we have our weekly stock picking challenge now up and running as well!- Stockaholics Weekly Stock Picking Contest for the Week of (5/15-5/19) <-- click there to post your weekly picks for this week! We also now have a daily stock picking & market direction guessing challenge running here!- Stockaholics Daily Stock Pick Challenge & SPX Sentiment Poll for Monday (5/15) <-- click there to cast your daily vote & stock pick for Monday! It would be pretty awesome to see some of you join us and participate on these. I hope you all have a fantastic weekend ahead!
Here are the most anticipated ERs for this upcoming week ahead (I'll also have the earnings chart posted in here as well once it's ready) ***Check mark next to the stock symbols denotes confirmed earnings release date & time*** Monday 5.15.17 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! Monday 5.15.17 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! Tuesday 5.16.17 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 5.16.17 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 5.17.17 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 5.17.17 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 5.18.17 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 5.18.17 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 5.19.17 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 5.19.17 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES! NONE.
...and as promised here is EW's most anticipated earnings calendar for this upcoming week ahead: ($BABA $HD $AMAT $TGT $CSCO $WMT $CRM $WB $TJX $DKS $BDSI $SORL $SPLS $SSYS $RL $SINA $WLB $LB $AEO $FL) Alibaba Group Holding Ltd. $120.34 Alibaba Group Holding Ltd. (BABA) is confirmed to report earnings at approximately 6:30 AM ET on Thursday, May 18, 2017. The consensus earnings estimate is $0.68 per share on revenue of $5.20 billion and the Earnings Whisper ® number is $0.76 per share. Investor sentiment going into the company's earnings release has 83% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 240.00% with revenue increasing by 38.63%. Short interest has increased by 4.6% since the company's last earnings release while the stock has drifted higher by 16.7% from its open following the earnings release to be 20.1% above its 200 day moving average of $100.18. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, April 20, 2017 there was some notable buying of 14,500 contracts of the $115.00 call expiring on Friday, June 16, 2017. Option traders are pricing in a 5.3% move on earnings and the stock has averaged a 3.8% move in recent quarters. Home Depot, Inc. $156.92 Home Depot, Inc. (HD) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, May 16, 2017. The consensus earnings estimate is $1.61 per share on revenue of $23.67 billion and the Earnings Whisper ® number is $1.64 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 11.81% with revenue increasing by 3.99%. Short interest has increased by 31.7% since the company's last earnings release while the stock has drifted higher by 7.8% from its open following the earnings release to be 15.0% above its 200 day moving average of $136.40. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, April 27, 2017 there was some notable buying of 55,007 contracts of the $185.00 call expiring on Friday, January 19, 2018. Option traders are pricing in a 3.5% move on earnings and the stock has averaged a 2.1% move in recent quarters. Applied Materials, Inc. $43.44 Applied Materials, Inc. (AMAT) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, May 18, 2017. The consensus earnings estimate is $0.76 per share on revenue of $3.54 billion and the Earnings Whisper ® number is $0.77 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat The company's guidance was for earnings of $0.72 to $0.80 per share. Consensus estimates are for year-over-year earnings growth of 123.53% with revenue increasing by 44.49%. Short interest has increased by 10.7% since the company's last earnings release while the stock has drifted higher by 22.0% from its open following the earnings release to be 31.1% above its 200 day moving average of $33.13. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, April 27, 2017 there was some notable buying of 3,187 contracts of the $39.00 put expiring on Friday, June 16, 2017. Option traders are pricing in a 4.5% move on earnings and the stock has averaged a 5.5% move in recent quarters. Target Corp. $55.80 Target Corp. (TGT) is confirmed to report earnings at approximately 6:30 AM ET on Wednesday, May 17, 2017. The consensus earnings estimate is $0.89 per share on revenue of $15.61 billion and the Earnings Whisper ® number is $0.93 per share. Investor sentiment going into the company's earnings release has 35% expecting an earnings beat The company's guidance was for earnings of $0.80 to $1.00 per share. Consensus estimates are for earnings to decline year-over-year by 31.01% with revenue decreasing by 3.62%. Short interest has decreased by 0.8% since the company's last earnings release while the stock has drifted lower by 2.8% from its open following the earnings release to be 15.7% below its 200 day moving average of $66.16. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, May 12, 2017 there was some notable buying of 16,793 contracts of the $55.50 put and 9,808 contracts of the $57.00 call expiring on Friday, May 19, 2017. Option traders are pricing in a 5.6% move on earnings and the stock has averaged a 6.8% move in recent quarters. Wal-Mart Stores, Inc. $75.71 Wal-Mart Stores, Inc. (WMT) is confirmed to report earnings at approximately 7:05 AM ET on Thursday, May 18, 2017. The consensus earnings estimate is $0.96 per share on revenue of $117.51 billion and the Earnings Whisper ® number is $0.98 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 2.04% with revenue increasing by 1.39%. Short interest has increased by 9.1% since the company's last earnings release while the stock has drifted higher by 6.3% from its open following the earnings release to be 7.1% above its 200 day moving average of $70.69. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, May 9, 2017 there was some notable buying of 18,434 contracts of the $72.50 call expiring on Friday, May 19, 2017. Option traders are pricing in a 3.3% move on earnings and the stock has averaged a 4.0% move in recent quarters. Cisco Systems, Inc. $33.45 Cisco Systems, Inc. (CSCO) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, May 17, 2017. The consensus earnings estimate is $0.58 per share on revenue of $11.89 billion and the Earnings Whisper ® number is $0.59 per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat The company's guidance was for earnings of $0.57 to $0.59 per share. Consensus estimates are for year-over-year earnings growth of 5.45% with revenue decreasing by 0.92%. Short interest has increased by 2.6% since the company's last earnings release while the stock has drifted higher by 0.6% from its open following the earnings release to be 5.9% above its 200 day moving average of $31.57. Overall earnings estimates have been unchanged since the company's last earnings release. On Monday, May 8, 2017 there was some notable buying of 6,502 contracts of the $35.00 call expiring on Friday, June 2, 2017. Option traders are pricing in a 3.9% move on earnings and the stock has averaged a 4.5% move in recent quarters. Weibo Corporation $62.44 Weibo Corporation (WB) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, May 16, 2017. The consensus earnings estimate is $0.21 per share on revenue of $189.11 million and the Earnings Whisper ® number is $0.21 per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat The company's guidance was for revenue of $185.00 million to $190.00 million. Consensus estimates are for year-over-year earnings growth of 600.00% with revenue increasing by 58.53%. Short interest has increased by 1.1% since the company's last earnings release while the stock has drifted higher by 12.1% from its open following the earnings release to be 28.7% above its 200 day moving average of $48.51. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, May 8, 2017 there was some notable buying of 2,015 contracts of the $80.00 call expiring on Friday, July 21, 2017. Option traders are pricing in a 5.8% move on earnings and the stock has averaged a 8.1% move in recent quarters. Salesforce $89.04 Salesforce (CRM) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, May 18, 2017. The consensus earnings estimate is $0.25 per share on revenue of $2.35 billion and the Earnings Whisper ® number is $0.26 per share. Investor sentiment going into the company's earnings release has 84% expecting an earnings beat The company's guidance was for earnings of $0.25 to $0.26 per share. Consensus estimates are for year-over-year earnings growth of 8.70% with revenue increasing by 22.61%. Short interest has decreased by 15.0% since the company's last earnings release while the stock has drifted higher by 7.4% from its open following the earnings release to be 14.6% above its 200 day moving average of $77.66. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, May 12, 2017 there was some notable buying of 15,536 contracts of the $90.00 call expiring on Friday, June 16, 2017. Option traders are pricing in a 5.2% move on earnings and the stock has averaged a 5.1% move in recent quarters. TJX Companies Inc. $77.31 TJX Companies Inc. (TJX) is confirmed to report earnings at approximately 8:35 AM ET on Tuesday, May 16, 2017. The consensus earnings estimate is $0.79 per share on revenue of $7.85 billion and the Earnings Whisper ® number is $0.82 per share. Investor sentiment going into the company's earnings release has 52% expecting an earnings beat The company's guidance was for earnings of $0.76 to $0.78 per share. Consensus estimates are for year-over-year earnings growth of 3.95% with revenue increasing by 4.08%. Short interest has decreased by 20.3% since the company's last earnings release while the stock has drifted higher by 0.3% from its open following the earnings release to be 0.9% above its 200 day moving average of $76.65. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, May 3, 2017 there was some notable buying of 2,859 contracts of the $77.50 put expiring on Friday, May 19, 2017. Option traders are pricing in a 2.8% move on earnings and the stock has averaged a 2.2% move in recent quarters. DICK'S Sporting Goods, Inc. $48.06 DICK'S Sporting Goods, Inc. (DKS) is confirmed to report earnings at approximately 7:30 AM ET on Tuesday, May 16, 2017. The consensus earnings estimate is $0.54 per share on revenue of $1.84 billion and the Earnings Whisper ® number is $0.56 per share. Investor sentiment going into the company's earnings release has 51% expecting an earnings beat The company's guidance was for earnings of $0.50 to $0.55 per share. Consensus estimates are for year-over-year earnings growth of 8.00% with revenue increasing by 10.82%. Short interest has increased by 35.1% since the company's last earnings release while the stock has drifted lower by 6.0% from its open following the earnings release to be 11.2% below its 200 day moving average of $54.12. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 7.6% move on earnings and the stock has averaged a 6.8% move in recent quarters.
Stock Market Analysis for Week Ending 5.12.17 Video from AlphaTrends Brian Shannon ShadowTrader Video Weekly 5.14.17 - Sell in May, ShadowTrader says "Nay" Video from ShadowTrader Peter Reznicek
Happy Mother's Day to all you super mom's out there!! Thank you for everything that you do, everyday! We wouldn't know life without you.
so...what are we all thinking here as far as market action this week? are we gonna see a return to some market volatility? or just more of the same choppy sideways range bound action? personally i'm hoping it's the former.
Right now I feel like the market will remain choppy and slowly grinding higher, but I hope we will see some more volatility as well
markets looking poised to potentially breaking out here ... we're right up testing the globex ATHs in the /ES last week ... will it finally break through or stall out once again?
hmm anyone else seeing this on their vix intraday chart? i'll chalk it up to a bad tick since i don't see it on my other platforms ... would been a new all time low if it "counted"
