Welcome Stockaholics to the trading week of November 13th! 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: T.B.A.
Hindenburg Omen Sighted As Stocks Suffer First Weekly Loss In 2 Months Credit markets to stocks this week... Before we start - let's celebrate. As @BespokeInvest notes, we're making history today: first 12 month period in the history of the S&P 500 without a 3% drawdown. The VIX is also the lowest on record using a rolling 12 month average. All major indices ended the week red. This is the Dow & S&P's first weekly loss in the last 9 weeks. Trannies were worst (worst weekly loss since July). Small Caps worst week since August. This was VIX's biggest weekly rise in 3 months... Russell 2000 VIX actually ended slightly lower with S&P VIX the biggest riser on the week... Financials (green) were the week's worst performing sector, Utes (blue) and Retailers (black) outperformed... On the week when the goivernment unveiled its tax plan, high tax stocks underperformed... Bonds and Stocks fell on the week for the first time since June... Which coincided with the worst drop in Ruisk-Parity funds since June... All of which happens as a cluster of Hindebnburg Omens strikes... Breadth in stocks remains weak... HYG (High Yield Bond prices) tumbled most in 3 months... High Yield continues to diverge from stocks... VIX remains suppressed... Treasuries sold off quite hard today - notable along with the equity weakness, suggesting Risk Parity problems - as the long-end underperformed, swinging the curve steeper... The yield curve ended the week very marginally steeper after a v-shaped bounce midweek... The Dollar Index fell for the first week in the last 4... Crude was up for the 5th week in a row, copper lagged... Gold and Bitcoin tumbled on the day... One reason for the drop in Bitcoin is perhaps some wealth transfer from crypto to cash spending for Singles Day... Gold was hit hard today a $4billion notional dump but remains higher on the week post-Saudi-chaos...
Spoiler: Weekend Reading: It's The Debt, Stupid Authored by Lance Roberts via RealInvestmentAdvice.com, As I noted last Friday, the recently approved budget was an anathema to any fiscally conservative policy. As the Committee for a Responsible Federal Budget stated: “Republicans in Congress laid out two visions in two budgets for our fiscal future, and today, they choose the path of gimmicks, debt, and absolutely zero fiscal restraint over the one of responsibility and balance. Passing fiscally irresponsible budgets just for the sake of passing “tax cuts,” is, well, irresponsible. Once again, elected leaders have not listened to, or learned, what their constituents are asking for which is simply adherence to the Constitution and fiscal restraint.” I then followed this up this past Monday with “3 Myths Of Tax Cuts” stating: “Tax cuts do not pay for themselves; they can create growth, but in the amount of tenths of percentage points, not whole percentage points. And they certainly cannot fill in trillions in lost revenue. Relying on growth projections that no independent forecaster says will happen isn’t the way to do tax reform. As the chart below shows there is ZERO evidence that tax cuts lead to stronger sustained rates of economic growth. The chart compares the highest tax rate levels to 5-year average GDP growth. Since Reagan passed tax reform, average economic growth rates have only gone in one direction.” On Thursday, Fitch confirmed the same in their dismal report on the reality of what the effect of the “tax cut” “Such reform would deliver a modest and temporary spur to growth, already reflected in growth forecasts of 2.5% for 2018. However, it will lead to wider fiscal deficits and add significantly to US government debt. As such, Fitch has revised up its medium-term debt forecast. US federal debt was 77% of GDP for this fiscal year. Fitch believes the tax package will be revenue negative, even under generous assumptions about its growth impact. Under a realistic scenario of tax cuts and macro conditions, the federal deficit will reach 4% of GDP by next year, and the US debt/GDP ratio would rise to 120% of GDP by 2027. Tax cuts may lead to a short-lived boost to output, but Fitch believes that they will not pay for themselves or lead to a permanently higher growth rate. The cost of capital is already low and corporate profits are elevated. In addition, the effective tax rate paid by large corporations is well below the existing statutory rate. Fitch expects US economic growth to peak at 2.5% in 2018 before falling back to 2.2% in 2019. The US will enter the next downturn with a general government “structural deficit” (subtracting the impact of the economic cycle) larger than any other ‘AAA’ sovereign, leaving the US more exposed to a downturn than other similarly rated sovereigns. The US is the most indebted ‘AAA’ country and it is running the loosest fiscal stance. Long-term debt dynamics are also more negative than those of peers, with health and social security spending commitments set to rise over the next decade. “ There is nothing “good” in any of the statements above, and drive to the same conclusions I discussed last Monday. You can’t solve a debt problem, by issuing more debt. While Congressional members continue campaigning that the “tax plan” would give an $1182 tax cut to most Americans, and boost wages by $4000, such has never been the case. A recent study by the Economic Policy Institute suggested the same in a recent study: “Cutting corporate tax rate cuts would do very little to boost employment generation. In fact, cutting corporate tax rates ranks as the least effective form of fiscal support for employment generation, since corporate tax cuts primarily benefit rich households—who are less likely to increase their consumption than low- or middle-income households when they receive tax cuts.” This is a point I have made previously. Corporate tax rate cuts will unambiguously redistribute post-tax income regressively. The corporate income tax is a progressive tax, with the top 1% of households accounting for 47% of the corporate income tax. Don’t be bamboozled by the idea that tax cuts and reforms will lead to sustained economic growth. There is simply NO evidence that such is the case over the long-term. However, there is plenty of evidence to suggest that further costly reforms and run-away budgets will lead to an increase of the current national debt and the ongoing low-growth economy that has plagued the U.S. since the turn of the century. In other words….“it’s the debt, stupid.” In the meantime, here is your weekend reading list. Trump, Economy & Fed Supply Shocks Raise Odds Of Fed Mistakeby Danielle Dimartino-Booth via Bloomberg The “Rob Peter To Pay Apple” Actby Matt Labash via TWS Cutting Corporate Taxes Is The Best Part Of The Plan by Caroline Baum via MarketWatch Deficit Hawks Skeptical Of Assumptionsby Matt Welch via Reason Which Companies Spend Most On Lobbyists by Simon Constable via Forbes Most Important Things Still In The Tax Bill by Nathan Lewis via Forbes Amended GOP Tax Plan Points Released by Tyler Durden via ZeroHedge The “Haggling” Will Only Intensify by Joe Ciolli via BI Please Stop Calling Me A “Shadow Banker” by Pedro Da Costa via BI GOP Has A $74 Billion Hole In Their Tax Bill by Bob Bryan via BI Why The Numbers Don’t Add Up For The Tax Bill by Yuval Rosenberg via Fiscal Times A Government Of, By & For The Plutocrats by Nomi Prins via The Daily Reckoning Proposed Tax Bill Needs To Die by David Leonhardt via NYT Tax-Cut Proponents Ignore There’s No Free Lunch by Henry Aaron via Real Clear Markets GOP Tax Plan Screws The Middle Class by David Stockman via Daily Reckoning How The GOP Can Pay For The Tax Plan by Hugh Hewitt via Washington Post Markets BAML: Investors Still Getting One Thing Wrong by Joe Ciolli via BI The Hidden Danger Bulls Are Missingby James Rickards via Daily Reckoning One-Person Households The New Norm by SA Gil Weinreich via Seeking Alpha 3-Strategists Talk Where Stocks Could Finish In 2017by Adam Shell via USA Today The Bull Isn’t Feeling The Love by Landon Thomas via NY Times A Divergence That Makes Us Nervous by Macromon via Global Macro Monitor What Wall Street CEO’s Have Said About BitCoin by Shawn Langlois via MarketWatch More Cracks Appear In The Market by Michael Kahn via Barron’s Yield Curve Not Buying It by Tad Rivelle via Trust Co Of The West Stock Stampede Just Getting Started by Sue Chang via MarketWatch November Starts The Seasonally Strong Period by Ryan Detrick via LPL Financial A Rising Tide Of Earnings Shenanigans by William Watts via MarketWatch Three Easy Pieces by Michael Lebowitz via RIA Curb Your Enthusiasm by Doug Kass via RIA Research / Interesting Reads Tax Cuts Will Balloon US Debt To 120% by Wolf Richter via Wolf Street The Great Pension Bail Out Bill by Tyler Durden via ZeroHedge Chances This Market Rally Ends Badly by Simon Maierhofer via MarketWatch It’s Time To B.U.T.T. by Kevin Muir via The Macro Tourist A Dozen Business Lessons From “Waffle House” by Tren Griffen via 25iq Bread & Circuses by Buttonwood via The Economist A Sober Reading Of 3% Growth by Joe Calhoun via Alhambra Partners The GOP & WallStreet Putting Economy At Risk by Phil Angelides via Real Clear Markets Most Dangerous Shortcut In Financial Planning by West & Ko via Research Affliliates This Time IS Different, Just Not How You Think by John Hussman via Hussman Funds Small Caps – Close But No Cigar by Dana Lyons via The Lyons Share How The “Winner Take All” Era Ends by Jesse Felder via The Felder Report “In investing, what is comfortable is rarely profitable.” – Rob Arnott
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-
November Options Expiration Week: DJIA Most Bullish DJIA has been up 9 of the last 13 years on Monday of expiration week and Friday is up 12 of the last 15 years with an average gain of 0.62%. For you fact-checkers our there it is not a mistake that November Op-Ex day has the same point change and percent change in 2014 and 2015. I triple checked, its right. If you go out 2 more decimal places in the percentage calculation it’s different, but that is getting way too wonky for a Friday post. S&P 500, NASDAQ and Russell 2000 have not been as bullish as DJIA around or on November option expiration. S&P 500 has advanced only 16 times during options expiration week while NASDAQ and Russell 2000 have climbed only 14 and 13 times respectively over the past 23 years. All four indices have posted average losses on Monday and aside from DJIA and S&P 500 have been essentially mixed on options expiration day. Friday’s solid average gains across the board are largely due to a sizable gain in 2008. Any weakness next week could be a good entry point for new longs ahead of the usually bullish Thanksgiving holiday. Note solid strength during the week after options expiration since 2002. The worst blemish on the recent history is 2011. January Indicator Trifecta Was Right on the Mark Our Santa Claus Rally, First Five Days and January Barometer collectively form our January Indicator Trifecta. This trio was certainly on mark earlier this year when all three were positive. Years when the January Trifecta was positive have been quite bullish. S&P 500 has advanced an average of 17.8% in years where the January Trifecta was positive since 1950. As of today’s close, S&P 500 is up 15.9% year-to-date, DJIA is up 19.2% and NASDAQ has gained 26.1%. In the following charts, 2017 year-to-date performance through today’s close is graphed against All Post-Election Years, January Trifecta Positive (all years) and January Trifecta Positive – Post-Election Years. Generally in past January Trifecta positive years, it was smooth sailing from here to yearend for the market, but in those past years October was not as strong as it was this year. Trump Rally Nears 1-Year Anniversary at Third Best In a few days, on November 9, the Trump rally will mark its 1-year anniversary. As of last Friday’s close, S&P 500 had gained 19.63% from the close of trading on the day after the 2016 Presidential election. This is the third best showing by S&P 500 since 1950 and newly-elected, first-term presidents. President Kennedy takes top honors with a 27.86% gain and President G.H.W. Bush holds the second spot at 23.14%. President Bush’s rally made it to the 18-month marker only to fade shortly thereafter when Iraq invaded Kuwait in early August of 1990. Kennedy’s rally ended with a bear market that began in December 1961 and ultimately chopped 27.1% off the S&P 500 by the time it ended in June 1962. Underlying Earnings Season Weakness Nov 10, 2017 More than 2,300 companies have now reported their Q3 2017 earnings results since earnings season began back on October 9th. With just a week left until the unofficial end of the reporting period, the S&P 500 is up 1.3% since the start of earnings season. While the S&P’s gain is nice to see, the underlying price action of S&P 500 stocks that have reported has been weak. This is a concerning sign. As shown in the chart below, the average S&P 500 stock that has reported EPS this season has fallen 0.33% on its earnings reaction day. This means investors have been doing more selling than buying of individual stocks that make up the S&P 500 in reaction to their earnings news. Biggest Market Cap Gainers Since the 2016 Election Nov 9, 2017 Yesterday we published an in-depth recap of asset class performance since the 2016 Presidential Election. You can view the full report here if you’re interested. One of the stats included in the report was the change in market cap experienced by the S&P 500 and its eleven sectors since last November’s election. As shown below, the S&P 500 has seen its market cap grow by $3.792 trillion since 11/8/16, leaving it with a total market cap of more than $23 trillion as of today. In terms of sectors, Technology has grown by far the most with an increase in market cap of more than $1.5 trillion. The Financial sector has grown the second-most at only half that amount. In terms of individual stocks, below is a list of the 35 S&P 500 stocks that have seen the biggest increases in market cap since last November’s Election. Six companies have seen growth of more than $100 billion! Apple (AAPL) has grown the most at $310 billion, followed by Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), Facebook (FB), and Bank of America (BAC). Climbing Together Posted by lplresearch The Nasdaq has closed at more new all-time highs in 2017 than in any other year in history—as Ryan Detrick, Senior Market Strategist, discussed with Brian Sullivan on CNBC Trading Nationearlier this week. Although that’s big news, the Nasdaq isn’t the only index posting a significant number of new highs this year. In fact, 27 different days this year saw the S&P 500 Index, Dow, and Nasdaq all close at a new high on the same day to mark yet another record for stocks; the previous record of 25 days was set in 1995. A different way to look at the strength we’ve seen in the big three indexes is by showing how many new highs they’ve posted this year in aggregate, and how that compares to prior years. The data show there have been a combined total of 177 new highs, which ranks second to the record of 195—which was also set in 1995. With 34 trading sessions left in the year, there’s a chance this record too could fall. As Detrick says, “There are many ways to measure a bull market, but in the end, the number of new highs made is probably one of the surest. This yet again hammers home how strong the action has been in 2017.” One Year After the Election; Where Does the Trump Rally Rank? Posted by lplresearch It’s hard to believe, but the U.S. Presidential Election was a year ago today. Per Ryan Detrick, Senior Market Strategist, “Although no one at the time would have believed it, the 12 months since Election Day have been among the least volatile ever for equity markets; not to mention the solid 21% gain the S&P 500 Index racked up along the way that has the bulls smiling.” So where does the rally over the past 12 months rank? We looked at S&P 500 returns for each year after every U.S. election since 1950* and found that the current 21.1% rally ranks fifth on the list. The best return came at the start of President Clinton’s second term during the late ‘90s bull market, while the worst ever was the first year of President W. Bush’s first term amid the tech bubble. We will take a much more detailed look at the past year since the election in our Weekly Market Commentary due out next Monday.
Stock Market Analysis for Week Ending 11.10.17 Video from AlphaTrends Brian Shannon (NOT YET UP) ShadowTrader Video Weekly 11.12.17 Video from ShadowTrader Peter Reznicek
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 11.13.17 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! Monday 11.13.17 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! Tuesday 11.14.17 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 11.14.17 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 11.15.17 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 11.15.17 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 11.16.17 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 11.16.17 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 11.17.17 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 11.17.17 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES! NONE.
Stockaholics come join us in our weekly market poll and stock picking competition for this upcoming week ahead!- Stockaholics Weekly Stock Picking Contest & SPX Sentiment Poll (11/13-11/17) <-- click there to cast your weekly vote and post your weekly picks for this upcoming week ahead! ======================================================================================================== It would be pretty awesome to see some of you join us and participate! I hope you all have a fantastic weekend ahead!
And as promised here are the most anticipated ERs calendar for this upcoming week ahead: ($JD $HD $AMAT $WMT $TSN $TGT $CSCO $YY $BBY $TJX $NTES $ASUR $WUBA $AAP $ACM $FL $DKS $LNG $MTOR $SPLK $SSYS $VIAB $ROST $VRAY $CYRN $PLCE $LB $SBH $RDHL $SORL $NTAP) JD.com, Inc. $39.96 JD.com, Inc. (JD) is confirmed to report earnings at approximately 5:20 AM ET on Monday, November 13, 2017. The consensus earnings estimate is $0.11 per share on revenue of $12.25 billion and the Earnings Whisper ® number is $0.13 per share. Investor sentiment going into the company's earnings release has 78% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 210.00% with revenue increasing by 34.52%. Short interest has increased by 59.2% since the company's last earnings release while the stock has drifted lower by 11.2% from its open following the earnings release to be 6.0% above its 200 day moving average of $37.71. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, November 2, 2017 there was some notable buying of 16,184 contracts of the $44.00 call expiring on Friday, November 17, 2017. Option traders are pricing in a 7.6% move on earnings and the stock has averaged a 5.9% move in recent quarters. Home Depot, Inc. $164.11 Home Depot, Inc. (HD) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, November 14, 2017. The consensus earnings estimate is $1.81 per share on revenue of $24.40 billion and the Earnings Whisper ® number is $1.84 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 13.13% with revenue increasing by 5.38%. Short interest has increased by 4.7% since the company's last earnings release while the stock has drifted higher by 6.4% from its open following the earnings release to be 7.6% above its 200 day moving average of $152.55. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, October 23, 2017 there was some notable buying of 5,631 contracts of the $165.00 call expiring on Friday, December 1, 2017. Option traders are pricing in a 3.5% move on earnings and the stock has averaged a 1.7% move in recent quarters. Applied Materials, Inc. $56.36 Applied Materials, Inc. (AMAT) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, November 16, 2017. The consensus earnings estimate is $0.90 per share on revenue of $3.93 billion and the Earnings Whisper ® number is $0.93 per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat The company's guidance was for earnings of $0.86 to $0.94 per share. Consensus estimates are for year-over-year earnings growth of 36.36% with revenue increasing by 19.20%. Short interest has decreased by 19.5% since the company's last earnings release while the stock has drifted higher by 25.9% from its open following the earnings release to be 28.5% above its 200 day moving average of $43.87. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, November 1, 2017 there was some notable buying of 2,034 contracts of the $57.50 call expiring on Friday, January 18, 2019. Option traders are pricing in a 5.9% move on earnings and the stock has averaged a 4.2% move in recent quarters. Wal-Mart Stores, Inc. $90.92 Wal-Mart Stores, Inc. (WMT) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, November 16, 2017. The consensus earnings estimate is $0.97 per share on revenue of $121.06 billion and the Earnings Whisper ® number is $0.99 per share. Investor sentiment going into the company's earnings release has 72% expecting an earnings beat The company's guidance was for earnings of $0.90 to $0.98 per share. Consensus estimates are for earnings to decline year-over-year by 1.02% with revenue increasing by 2.44%. Short interest has increased by 5.0% since the company's last earnings release while the stock has drifted higher by 15.3% from its open following the earnings release to be 18.5% above its 200 day moving average of $76.71. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, November 8, 2017 there was some notable buying of 43,913 contracts of the $90.00 put expiring on Friday, November 17, 2017. Option traders are pricing in a 3.7% move on earnings and the stock has averaged a 3.7% move in recent quarters. Tyson Foods Inc. $74.14 Tyson Foods Inc. (TSN) is confirmed to report earnings at approximately 7:30 AM ET on Monday, November 13, 2017. The consensus earnings estimate is $1.38 per share on revenue of $9.95 billion and the Earnings Whisper ® number is $1.42 per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 43.75% with revenue increasing by 8.67%. Short interest has decreased by 47.0% since the company's last earnings release while the stock has drifted higher by 12.7% from its open following the earnings release to be 15.9% above its 200 day moving average of $63.97. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, November 1, 2017 there was some notable buying of 5,098 contracts of the $72.50 call expiring on Friday, December 15, 2017. Option traders are pricing in a 8.4% move on earnings and the stock has averaged a 5.3% move in recent quarters. Target Corp. $61.40 Target Corp. (TGT) is confirmed to report earnings at approximately 6:30 AM ET on Wednesday, November 15, 2017. The consensus earnings estimate is $0.85 per share on revenue of $16.48 billion and the Earnings Whisper ® number is $0.87 per share. Investor sentiment going into the company's earnings release has 67% expecting an earnings beat The company's guidance was for earnings of $0.75 to $0.95 per share. Consensus estimates are for earnings to decline year-over-year by 18.27% with revenue increasing by 0.24%. Short interest has increased by 10.7% since the company's last earnings release while the stock has drifted higher by 7.7% from its open following the earnings release to be 8.4% above its 200 day moving average of $56.64. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, November 1, 2017 there was some notable buying of 15,032 contracts of the $65.00 call expiring on Friday, November 17, 2017. Option traders are pricing in a 6.2% move on earnings and the stock has averaged a 6.2% move in recent quarters. Cisco Systems, Inc. $33.99 Cisco Systems, Inc. (CSCO) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, November 15, 2017. The consensus earnings estimate is $0.60 per share on revenue of $12.14 billion and the Earnings Whisper ® number is $0.61 per share. Investor sentiment going into the company's earnings release has 72% expecting an earnings beat The company's guidance was for earnings of $0.59 to $0.61 per share. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue decreasing by 1.72%. Short interest has increased by 26.5% since the company's last earnings release while the stock has drifted higher by 7.9% from its open following the earnings release to be 4.2% above its 200 day moving average of $32.63. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, November 8, 2017 there was some notable buying of 14,672 contracts of the $38.00 call expiring on Friday, November 17, 2017. Option traders are pricing in a 4.8% move on earnings and the stock has averaged a 3.8% move in recent quarters. YY Inc. $88.90 YY Inc. (YY) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, November 14, 2017. The consensus earnings estimate is $1.54 per share on revenue of $423.29 million and the Earnings Whisper ® number is $1.59 per share. Investor sentiment going into the company's earnings release has 85% expecting an earnings beat The company's guidance was for revenue of $413.00 million to $428.00 million. Consensus estimates are for year-over-year earnings growth of 49.51% with revenue increasing by 35.07%. Short interest has decreased by 65.5% since the company's last earnings release while the stock has drifted higher by 11.1% from its open following the earnings release to be 41.0% above its 200 day moving average of $63.06. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 7.6% move on earnings and the stock has averaged a 1.7% move in recent quarters. Best Buy Co., Inc. $56.68 Best Buy Co., Inc. (BBY) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, November 16, 2017. The consensus earnings estimate is $0.79 per share on revenue of $9.36 billion and the Earnings Whisper ® number is $0.84 per share. Investor sentiment going into the company's earnings release has 54% expecting an earnings beat The company's guidance was for earnings of $0.75 to $0.80 per share. Consensus estimates are for year-over-year earnings growth of 27.42% with revenue increasing by 4.64%. Short interest has decreased by 0.2% since the company's last earnings release while the stock has drifted lower by 2.6% from its open following the earnings release to be 15.8% below its 200 day moving average of $67.33. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, November 2, 2017 there was some notable buying of 2,168 contracts of the $57.00 call expiring on Friday, November 17, 2017. Option traders are pricing in a 9.9% move on earnings and the stock has averaged a 13.1% move in recent quarters. TJX Companies Inc. $70.22 TJX Companies Inc. (TJX) is confirmed to report earnings at approximately 8:35 AM ET on Tuesday, November 14, 2017. The consensus earnings estimate is $1.00 per share on revenue of $8.88 billion and the Earnings Whisper ® number is $1.02 per share. Investor sentiment going into the company's earnings release has 74% expecting an earnings beat The company's guidance was for earnings of $0.98 to $1.00 per share. Consensus estimates are for year-over-year earnings growth of 9.89% with revenue increasing by 7.10%. Short interest has increased by 33.7% since the company's last earnings release while the stock has drifted higher by 0.7% from its open following the earnings release to be 4.7% below its 200 day moving average of $73.68. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, November 6, 2017 there was some notable buying of 3,672 contracts of the $70.00 call expiring on Friday, November 17, 2017. Option traders are pricing in a 6.6% move on earnings and the stock has averaged a 2.1% move in recent quarters.
so, what do we all got on the radar heading into this week? anything noteworthy to keep a close eye on? any good setups? good luck to everyone this week!
I'm watching for bonds TLT to make a new low. I think this means gold will break down, as it is also entering a volatility squeeze with the Bollinger bands. Thought about shorting JNUG for the weekly competition.
Good Monday morning traders! This morning's pre-market post is up: 11/13 Monday Stock Market Movers & News <-- click there to view. Hope everyone has a great trading day and week in here!
JD with a beat on top and bottom but only up 3% pre-market. This can be turned around. In honor of the Tesla analyst who put 3 price targets up for a couple of different scenarios: JD bull target $45 JD bear target $35 lol
I've got to see what YY does tomorrow; it is trying to break a double top If these Chinese stocks keep going, then BABA will exceed the market cap of AMZN; the same Amazon that is taking over all forms of commerce in America (or at least, that's what the websites and TV shows would have you believe). Of course BABA is not in the Dow Jones, but it's neither in the Nasdaq nor the S&P (probably the same reason as SNAP, no voting rights in the shares). I'm basing this off of finviz which lists nothing in the indexes. I know people talk about the "middle class in China", but I've seen that includes people making $9 a day. I spend more than that before 1:00 am, if you prorate my automated payments for insurances (health, life) and mortgage, and car payment, etc. It's amazing to think a company can get so big off of people like that.
spx hasn't closed down 3 days in a row for 65 tradings sessions. that's the longest streak since going back at least to 2010. earlier this morning it looked like maybe the streak would end today, but BTFD came through once again. never doubt BTFD.
