Welcome Stockaholics to the trading week of May 29th! This past week saw the following moves in the S&P: Major Indices End of Week: N/A. 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 Memorial Day U.S. markets closed Tuesday Earnings: Bank of Nova Scotia, Ryanair 8:30 a.m. Personal income/spending 9:00 a.m. S&P/Case-Shiller 10:00 a.m. Consumer confidence Wednesday Earnings: Michael Kors, J. Jill, Hewlett Packard Enterprises, Palo Alto Networks, Box, Vera Bradley, Analog Devices 8:00 a.m. Dallas Fed President Rob Kaplan 9:45 a.m. Chicago PMI 10:00 a.m. Pending home sales 2:00 p.m. Beige book 7:30 p.m. San Francisco Fed President John Williams Thursday May vehicle sales Earnings: Dollar General, Lululemon Athletica, VMWare, Broadcom, Workday, Five Below, Yext, Cooper Cos, Express, Ciena, Mobileye 8:15 a.m. ADP employment 8:30 a.m. Initial claims 8:30 a.m. Productivity and costs 9:45 a.m. Manufacturing PMI 10:00 a.m. ISM manufacturing 10:00 a.m. Construction spending Friday Earnings: Hovnanian 8:30 a.m. Employment 8:30 a.m. International trade
Stocks Surge For 7th Straight Day As US Macro Data Hits 15-Month Lows "Smells Like Victory" - Happy Memorial Weekend... Let's start with this... S&P at record highs as US macro data topples to 15-month lows... Nasdaq hit record highs as Earnings Expectations slump to 2017 lows... Small Caps remain underwater post-Trump-Dump... Nasdaq is now up 7 days in a row - longest streak since early Feb NOTE - today was different - no big spike in stocks Today saw S&P and Dow glued to the flatline...with a very chaotic end Volume continues to collapse in this levitation off the Trump Dump... As the cap-weighted S&P continues to dramatically outperform the equal-weighted S&P (i.e. the big tech names are driving) S&P Equal weight remains below the March highs...Simply put, without FANG stocks, th emarket has gone nowhere in almost 3 months... As Citi notes, a close today above 2,405 on the S&P 500 suggests we can rally towards 2,500+ in the coming weeks: Even within trends, markets do not move in straight lines. Rather, market rallies are interspersed between sideways moving markets. In some cases, the majority of a rally is spent in consolidation with the big moves in the trend happening quickly. Such a dynamic is currently at play in the S&P 500. Since the bullish break seen in July 2016, the S&P 500 rallied 14% over 46 weeks through today (this came after over a year of the S&P 500 consistently failing around the 2,100 area). However, most of that time has been spent with the equity market in consolidation/ranges. The actual gains have taken place over just 14 of those 46 weeks in the shape of quick market rallies. We may now be on the verge of another such move. In the prior three rallies since July, a weekly close through the top of the prior range has signaled the start of a multi-week rally. Another break like this would be confirmed with a close today above 2,405. If this is a bullish break, how high can we go? The average rally after the prior three breaks (from the break level) has been 4.2% and a similar move this time would suggest a move to 2,506 in the coming weeks. Beyond that, we continue to view the overall global economic and market backdrop to be positive for Equities and continue to think a move towards 2,750 by year end can be seen Finally, while AMZN dropped after testing towards $1000 agains today, it closed modestly green again (for the 7th straight day) Here is a helpful chart in case you were wondering what was driving AMZN's success? VIX is down 7 straight days and clsoed at the lowest weekly close since 1993... Short-term VIX crashed a record low... Treasuries ended the week marginally higher in yield... But the yield curve (2s10s and 2s30s) have tumbled to cycle lows... The Dollar index managed to close green on the week after bouncing off the post-Fed drop... Cable was by far the weakest against the greenback and Yuan the strongest... Despite dollar ended higher, gold and silver gained on the week... WTI and RBOB both fell on the week after OPEC disappointed... Gold and Silver had a great week (with the last now well above pre-fed rate hike lows) Finally, Bitcoin was hitting the headlines every day this week and ended on a weak note (biggest drop since January) but still up over 10% on the week...
Spoiler: Weekend Reading: Correction Over As "Trump Hope" Remains Authored by Lance Roberts via RealInvestmentAdvice.com, Over the last couple of months, I have repeatedly discussed what has been possibly the most “boring” market ever. That was until the previous Wednesday when the market deciding to take a quick “road trip” to the 50-dma. It didn’t last long. The market promptly went back to sleep in a light volume flotation (note decline in volume during advance) back to old highs. Yesterday, after multiple attempts, the market was finally able to muster a breakout above 2400 as “hopes and dreams” of “Trump tax cuts” once again took the lead over worries of “impeachment.” While on a short-term basis, the bullish bias continues, which keeps portfolios invested, for now, the intermediate-term (weekly) trends also remain within the confines of the bullish trend from the lows of 2016. However, the “alert” signal still remains from a very high level as markets push back into extreme overbought terrain. This suggests that upside is somewhat limited as there has not been enough of a correction to alleviate more extreme conditions. Importantly, asnoted on Tuesday, bonds aren’t buying the breakout: “Lastly, despite stocks pushing near all-time highs, the bond market continues to flirt with levels close to 2%. The continued move to “risk off” holdings, despite a rising stock market, suggests that ultimately either stocks OR bonds will be wrong. Historically, bonds have tended to be right more often than not.” Economic data is not buying it either, as data continues to come in softer than expected from new and existing home sales, to autos, to inventories. Either the stock market is right and everything is going to play “catch up,” or it’s not. While we remain long-biased in equities currently, we continue to remain wary of the underlying deterioration in both market and economic data. Yes, anything is certainly possible. It just usually isn’t. In the meantime, here is what I am reading this weekend. Politics/Fed/Economy Beware Of Central Bankers Bearing Gifts by Danielle Dimartino-Booth via MoneyStrong Trump’s Budget Is The Ultimate Con by Derek Thompson via The Atlantic What Keeps BofA Up At Night? by Tyler Durden via Zero Hedge Trump Budget: All Hat, No Cattle by David Stockman via Daily Reckoning Trump’s Budget Will Supercharge Economy by Stephen Moore via The Hill The Return Of Rosy, Fuzzy Math by Caroline Baum via MarketWatch Economy Needs Workers & Trumps Budget by IBD One Big Problem With Fed’s Balance Sheet Plan by Pedro Da Costa via BI 9-Top Takeaways From Trump’s Budget by Rob Garver via Fiscal Times Republicans Always Take Office At Market Tops by Patrick Watson via Mauldin Economics Why Businessmen Fail At Government by Ludwig Von Mises and FEE Monetary Policy Strangely Devoid Of Money by Jeffrey Snider via Alhambra Partners Economic Forecasting Very Much Broken by Narayana Kocherlakota via Bloomberg View The Trump Budget Doesn’t Balance by Robert Samuelson via RCM Inflation Is NOT Evenly Distributed by Charles Hugh Smith via Of Two Minds Will “Gradually” End Differently Than “Measured” by Peter Boockvar via The Boock Report Markets Hop On The Bus, Gus by Eric Cinnamond via EricCinnamond.com Traders Can Make A Killing Chasing “Smart Money” by Joe Ciolli via BI The Big Picture by Ray Dalio via Linked-In The Bubble That Could Break The World by James Rickards via Daily Reckoning Bull Market Not Hated, Just Not Trusted by Michael Santoli via CNBC How To Avoid Losing In Age Of Trump by Nigam Arora via MarketWatch Bears Have Made Some Progress by Chris Ciovacco via Ciovacco Capital Emerging Markets Still Look Strong by Michael Kahn via Barron’s It’s A Battle Between Politics & Liquidity by Sue Chang via MarketWatch Tech Stocks Haven’t Done This Since ’99 by Evelyn Chang via CNBC What NOT To Buy In Today’s Market by Vitaliy Katsenelson via Contrarian Edge Connecting The Dots by Erik Swarts via Market Anthropology How Companies Fib About Earnings by John Crudele via NY Post Research / Interesting Reads “Liar Loans” Dog Automakers by Wolf Richter via Wolf Street Manipulation In The VIX by John Griffin & Amin Shams via University Of Texas Houston, We Have An Employment, Wage Growth Problem by Aaron Layman 6-Terrifying Graphs Of America’s Pension Problem by Tyler Durden via ZeroHedge Beat Robo-Advisors At Their Own Game by Andy Hyer via Nasdaq Paying Social Benefits by Buttonwood via The Economist Understanding Today’s Secular Stagnation by Robert J Shiller via Project Syndicate Stock Ownership Down Among All But High Income by Jeffrey Jones via Gallup Valuation: A Less Miserable Measure by Ed Yardeni via Yardeni Research More Risk And Less Return In New Era by Nick Maggiulli via Dollars and Data Hidden Debt & Deficits – 2017 by Joshua Rauh via Hoover Institution 5-Facts American’s Know Nothing Of Money by Catey Hill via Moneyish One Man’s Ceiling Is Another Man’s Floor by Cliff Asness via AQR Capital Management Being Wrong In An Interesting Way by John Hussman via Hussman Funds A “Dead-Cat” Bounce In Stocks? by Dana Lyons via Tumblr “Reward Free Risk” – Here It Is by Jesse Felder via The Felder Report “Anybody who plays the stock market, not as an insider, is like a man buying cows in the moonlight.” – Daniel Drew
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-
June not such a hot month in post-election years The first month of summer has shone brighter on NASDAQ stocks over the last 46 years as a rule ranking sixth with a 0.7% average gain, up 25 of 46 years. This contributes to NASDAQ’s “Best Eight Months” which ends in June. June ranks near the bottom on the Dow Jones Industrials just above September since 1950. S&P 500 performs similarly poorly, ranking tenth. In post-election years since 1953, June still ranks poorly and its average loss for DJIA and S&P 500 increases to –1.2% and –0.7% respectively compared to –0.3% and –0.03% in all years. DJIA in particular struggles, advancing in just three post-election year Junes (1977, 1985 and 1997). NASDAQ and Russell 2000 fare best in June, posting modest average gains. VIX Seasonal Low Likely Set, Higher Volatility Expected Last Wednesday, May 17, the market was walloped with the worst day of the year thus far. Prior to that day, VIX (CBOE Volatility Index) was at historic lows trading at less than 10 for four straight days and actually closed below 10 on May 8 & 9. VIX then slowly inched higher and closed at 10.65 on May 16. Today, VIX closed at 10.68. VIX and the broader market are essentially right back where they were one week ago, but it took four trading days to (nearly) recover that single day’s loss. VIX’s 46.4% jump on May 17 could be the first sign that the seasonal low in volatility has already been reached this year. In the following chart, VIX weekly bars appear on top with its 1-year seasonal pattern appearing on the bottom. In a typical year, VIX typically finds a bottom sometime from mid-April to mid-July before briskly rebounding higher through frequently turbulent August and September (since 1950, September is the worst month for S&P 500 and August is second worst based upon average percent change) to a peak in early October. From then until the following April, during the “Best Six Months,” VIX is generally in decline as the market is climbing higher. If VIX has reached its seasonal low for 2017, then more days like last Wednesday could be on their way. Is This The Topping Process? Equities, A/D Line & COT Report Continue Sideways The market has gone virtually nowhere since March 1st and now we have matching sideways action from some solid old school technical indicators. As move into the latter part of the notorious “Sell in May” period we ask ourselves, “Is this the topping process?” We are not expecting much more than a typical 5-10% summer/fall correction. But with all the turmoil surrounding Washington and President Trump, markets could get jittery real fast should economic data come in weak or for Wall Street to deliver some disappointments. At a bare minimum the usual trading volume slowdown and seasonal weak spot, especially August-October, is likely to give the market pause. Add in underlying underwhelming technical readings from the A/D Lines (Advance-Decline) and COT Report (Commitment of Traders) and a potential topping process begins to emerge. The A/D Line, which is a daily cumulative sum of the number of advancing stocks minus declining stocks, has been also moving sideways since March (see Chart above). But most concerning is the downtrend since the end of April in the NASDAQ and Russell 2000 A/D Lines, especially as the NASDAQ Composite Index has been on the rise. This sort of divergence is a bearish signal. Then there is the Commitment of Traders (COT) Report on the S&P E-Mini Futures (ES) in the chart below. The COT Report shows the net number of Small Speculators, Large Speculators and Commercial hedgers long or short. The commercials are usually on the right side of the market as they are basically the “house.” Large specs (Fund Managers, Brokerage firms and Wire Houses) also tend to be on the correct side of the trend but less so than small specs. Small specs are notoriously wrong. Currently all three are rather flat. A similar reading last January preceded a rally whereas a similar reading early last October was followed be a little selloff. Its May, markets are flat, reading are tepid. Caution is in order. The Three Horse Race to $1,000 May 26, 2017 While everyone out there seems to be focusing on the race between Alphabet (GOOGL) and Amazon.com (AMZN) over who will be the first to break the $1,000 barrier, there’s also another stock out there that’s on the cusp of crossing $1,000 for the first time. That stock is Markel (MKL), which is probably a name you have never heard of. With a market cap of just under $14 billion, MKL is not a behemoth like AMZN or GOOGL, but it’s still not small. MKL is actually an insurance company that is often referred to as a “baby Berkshire” as it has a large insurance underwriting business as well as a portfolio of equities that the company holds. As shown in the chart below, MKL is just as close to breaking $1,000 as AMZN and GOOGL. While it is always dangerous to count your chickens before they’re hatched (see our post on the DJIA’s attempt to break 1,000 that spanned multiple decades), if one, two, or all of the stocks listed above do manage to break the $1,000 level, they will join a very exclusive club. As shown in the table below, there are currently just four stocks listed on US exchanges trading above $1,000/share with market caps of more than $500 mln that trade more than 250 shares per day. Those four stocks are Berkshire Hathaway (BRK/a), Seaboard (SEB), NVR, and Priceline (PCLN). What distinguishes AMZN and GOOGL from the others, though, is their liquidity. With average daily volumes of more than 1.5 million shares per day, the average daily dollar volume of these two stocks is well in excess of any other stock in the group. S&P 1500 Most Heavily Shorted Stocks May 26, 2017 Short interest figures for the middle of May were released after the close on Wednesday, and below we wanted to provide our updated list of the most heavily shorted stocks in the S&P 1500. The table below lists the 20 stocks in the S&P 1500 that have more than one-third of their free-floating shares sold short as of the middle of May. For each stock, we have also included its performance so far in the month of May. First, in terms of performance, the most heavily shorted stocks are underperforming the broader market. On an average basis, things don’t look that bad as the 20 stocks listed are up 0.63% compared to a gain of 1.11% for the S&P 1500. This average, however, is being skewed by some big gains in stocks like World Acceptance (WRLD), which is up over 50%, and Applied Optoelectronics (AAOI), which is up 40%. On a median basis, these 20 stocks are actually down more than 5%. Breadth among the most heavily shorted stocks further highlights the underlying weakness as just eight of the twenty names are positive for the month of May. Looking at the list of individual names, a lot of them are probably unfamiliar to most people. One of the most notable names, however, is right at the top of the list as Shake Shack (SHAK) is the most heavily shorted stock in the S&P 1500 with just under half of its float sold short. People may love the burgers, fries, and shakes, but the stock is the most hated on the Street. Other notable names on the most shorted list include RH, Avis (CAR), JC Penney (JCP), Stamps.com (STMP), and Big Lots (BIG).
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 (5/29-6/2) <-- 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 (5/29-6/2) <-- 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 Tuesday (5/30) <-- click there to cast your daily vote & stock pick for Tuesday! ======================================================================================================== And lastly here are our upcoming monthly stock market polls & stock picking challenges- First the poll- Monthly SPX Poll - June 2017 Sentiment <-- click there to cast your monthly vote for June! And here is our stock picking challenge thread- Stockaholics June 2017 Stock Picking Contest <-- click there to post your monthly picks for June! ======================================================================================================== It would be pretty awesome to see some of you join us and participate on these. I hope you all have a fantastic long 3-day 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 5.29.17 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! MARKETS CLOSED! Monday 5.29.17 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! MARKETS CLOSED! Tuesday 5.30.17 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 5.30.17 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 5.31.17 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 5.31.17 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 6.1.17 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 6.1.17 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 6.2.17 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 6.2.17 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES! NONE.
And finally, just a reminder in here that U.S. markets are closed this Monday (5/29) for Memorial Day. Here is the Globex (futures) schedule for Monday- I hope everyone here at Stockaholics and their families has a very happy & safe Memorial Day holiday. And while I have this opportunity here I just want to quickly thank all of you who make this such an amazing community! I honestly cannot say this enough. This is seriously the best community I have ever been apart of. Have an awesome long weekend everyone!
...and as promised here are EW's most anticipated earnings releases calendar for this upcoming week ahead: ($AVGO $ADI $PANW $VMW $RH $KORS $MBLY $LULU $CIEN $DG $BNS $AMWD $FRO $HPE $WDAY $LABL $EXPR $BOX $TECD) Broadcom Limited $241.21 Broadcom Limited (AVGO) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, June 1, 2017. The consensus earnings estimate is $3.50 per share and the Earnings Whisper ® number is $3.61 per share. Investor sentiment going into the company's earnings release has 81% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 40.00% with revenue decreasing by 71.79%. Short interest has decreased by 31.1% since the company's last earnings release while the stock has drifted higher by 7.6% from its open following the earnings release to be 25.4% above its 200 day moving average of $192.31. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, May 17, 2017 there was some notable buying of 5,604 contracts of the $267.50 call expiring on Friday, June 9, 2017. Option traders are pricing in a 5.1% move on earnings and the stock has averaged a 3.9% move in recent quarters. Analog Devices, Inc. $82.81 Analog Devices, Inc. (ADI) is confirmed to report earnings at approximately 8:00 AM ET on Wednesday, May 31, 2017. The consensus earnings estimate is $0.85 per share and the Earnings Whisper ® number is $0.88 per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat The company's guidance was for earnings of $0.74 to $0.86 per share on revenue of $870.00 million to $950.00 million. Consensus estimates are for year-over-year earnings growth of 32.81% with revenue increasing by 28.28%. Short interest has decreased by 26.3% since the company's last earnings release while the stock has drifted higher by 2.5% from its open following the earnings release to be 14.8% above its 200 day moving average of $72.15. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, May 19, 2017 there was some notable buying of 5,139 contracts of the $85.00 call expiring on Friday, July 21, 2017. The stock has averaged a 3.1% move on earnings in recent quarters. Palo Alto Networks, Inc. $118.08 Palo Alto Networks, Inc. (PANW) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, May 31, 2017. The consensus earnings estimate is $0.55 per share and the Earnings Whisper ® number is $0.53 per share. Investor sentiment going into the company's earnings release has 63% expecting an earnings beat The company's guidance was for earnings of $0.54 to $0.56 per share on revenue of $406.00 million to $416.00 million. Consensus estimates are for year-over-year earnings growth of 443.75% with revenue increasing by 188.90%. The stock has drifted lower by 1.6% from its open following the earnings release to be 12.1% below its 200 day moving average of $134.39. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, May 25, 2017 there was some notable buying of 3,575 contracts of the $96.00 put expiring on Friday, June 2, 2017. Option traders are pricing in a 9.2% move on earnings and the stock has averaged a 11.4% move in recent quarters. VMware Inc $96.81 VMware Inc (VMW) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, June 1, 2017. The consensus earnings estimate is $0.95 per share and the Earnings Whisper ® number is $0.97 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat On Friday, May 26, 2017 there was some notable buying of 3,393 contracts of the $97.50 call and 2,213 contracts of the $95.00 put expiring on Friday, June 2, 2017. Michael Kors Holdings Limited $36.76 Michael Kors Holdings Limited (KORS) is confirmed to report earnings at approximately 6:55 AM ET on Wednesday, May 31, 2017. The consensus earnings estimate is $0.70 per share and the Earnings Whisper ® number is $0.73 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 $0.68 to $0.72 per share. Consensus estimates are for earnings to decline year-over-year by 28.57% with revenue decreasing by 16.66%. The stock has drifted higher by 1.9% from its open following the earnings release to be 14.6% below its 200 day moving average of $43.04. 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 3,306 contracts of the $37.50 call expiring on Friday, June 16, 2017. Option traders are pricing in a 9.1% move on earnings and the stock has averaged a 9.4% move in recent quarters. RH $57.81 RH (RH) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, June 1, 2017. The consensus earnings estimate is $0.05 per share and the Earnings Whisper ® number is $0.07 per share. Investor sentiment going into the company's earnings release has 60% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 200.00% with revenue increasing by 119.34%. Short interest has decreased by 4.6% since the company's last earnings release while the stock has drifted higher by 98.3% from its open following the earnings release to be 61.7% above its 200 day moving average of $35.75. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, May 15, 2017 there was some notable buying of 3,883 contracts of the $30.00 put expiring on Friday, August 18, 2017. Option traders are pricing in a 10.5% move on earnings and the stock has averaged a 24.4% move in recent quarters. Mobileye N.V. $61.80 Mobileye N.V. (MBLY) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, June 1, 2017. The consensus earnings estimate is $0.24 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 71.43% with revenue increasing by 1,228.33%. The stock has drifted higher by 29.4% from its open following the earnings release to be 32.0% above its 200 day moving average of $46.83. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 3.0% move on earnings in recent quarters. lululemon athletica inc. $48.23 lululemon athletica inc. (LULU) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, June 1, 2017. The consensus earnings estimate is $0.28 per share and the Earnings Whisper ® number is $0.30 per share. Investor sentiment going into the company's earnings release has 32% expecting an earnings beat The company's guidance was for earnings of $0.25 to $0.27 per share on revenue of $510.00 million to $515.00 million. Consensus estimates are for earnings to decline year-over-year by 6.67% with revenue increasing by 101.61%. Short interest has decreased by 17.7% since the company's last earnings release while the stock has drifted lower by 7.2% from its open following the earnings release to be 22.2% below its 200 day moving average of $62.02. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, May 23, 2017 there was some notable buying of 4,506 contracts of the $45.00 put and 4,035 contracts of the $54.00 call expiring on Friday, June 16, 2017. Option traders are pricing in a 10.3% move on earnings and the stock has averaged a 13.0% move in recent quarters. Ciena Corporation $23.80 Ciena Corporation (CIEN) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, June 1, 2017. The consensus earnings estimate is $0.37 per share and the Earnings Whisper ® number is $0.38 per share. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat The company's guidance was for revenue of $680.00 million to $710.00 million. Consensus estimates are for year-over-year earnings growth of 19.35% with revenue increasing by 55.92%. The stock has drifted lower by 4.3% from its open following the earnings release to be 4.6% above its 200 day moving average of $22.76. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, May 19, 2017 there was some notable buying of 1,089 contracts of the $23.00 call expiring on Friday, June 16, 2017. Option traders are pricing in a 10.1% move on earnings and the stock has averaged a 13.2% move in recent quarters. Dollar General Corporation $72.32 Dollar General Corporation (DG) is confirmed to report earnings at approximately 6:55 AM ET on Thursday, June 1, 2017. The consensus earnings estimate is $0.99 per share and the Earnings Whisper ® number is $1.01 per share. Investor sentiment going into the company's earnings release has 55% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 3.88% with revenue decreasing by 81.03%. Short interest has increased by 49.5% 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 1.5% below its 200 day moving average of $73.43. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, May 25, 2017 there was some notable buying of 3,876 contracts of the $71.00 put expiring on Friday, June 2, 2017. Option traders are pricing in a 6.0% move on earnings and the stock has averaged a 7.1% move in recent quarters.
Happy Memorial Day to all of our service men and women who do such an amazing job to serve and protect out great country! We salute you all. Here's to wishing all of our Stockaholics and their families & friends a very safe and happy holiday.
i wasn't around to see the globex session in the /ES last night but just checking now i see we made yet another ATH in the ETH (extended trading hours) ... the shadowtrader guys would be all over this telling us how the high made in the extended hours usually does not mark an end to the up move ... usually would need to see the new high printed during the RTH (regular trading hours) with some excess on the top to boot
I am from India but the stock market of India affects by the worlds popular indices so this is necessary for Indian traders to be updated with other worlds market news, and this is the place where i can get more precise and valuable information.
Morning traders! Hope everyone had a very nice long 3-day holiday weekend. Here are a few of this morning's most active trending discussions off the open (symbols are clickable): UGAZ ATW WLL ESV PTGX AMBA XTLY RIG RDC BMY ARRY LABL FCAU IWM AMWD DGAZ ADXS SFL LPL HES XBI KORS BLD MULE
Sterling dips after poll suggests hung parliament The pound fell sharply after a projection suggested the Conservative Party could fail to win an outright majority in the election on 8 June. http://www.bbc.com/news/business-40101566
