Welcome Stockaholics to the trading week of May 14th! 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: Nissan, Agilent, Switch, Invitation Homes, Itron, Rexnord 2:45 a.m. Cleveland Fed President Loretta Mester 9:40 a.m. St. Louis Fed President James Bullard 10:30 a.m. St. Louis Fed's Bullard on CNBC Tuesday Earnings: Home Depot, Pershing Square Holdings, Allianz, Eagle Materials, Vodafone 8:30 a.m. Retail sales 8:30 a.m. Empire state manufacturing 10:00 a.m. Business inventories 10:00 a.m. NAHB survey 1:10 p.m. San Francisco Fed President John Williams 4:00 p.m. TIC data Wednesday Earnings: Cisco Systems, Macy's, Tencent, Burberry, Take Two, Flowers Foods, Canadian Solar 8:30 a.m. Housing starts 8:30 a.m. Business leaders survey 8:30 a.m. Atlanta Fed President Raphael Bostic 9:15 a.m. Industrial production 6:30 p.m. St. Louis Fed President James Bullard Thursday Earnings: Walmart, J.C. Penney, Applied Materials, Nordstrom,Manchester United 8:30 a.m. Initial claims 8:30 a.m. Philadelphia Fed survey 10:45 a.m. Minneapolis Fed President Neel Kashkari 1:30 p.m. Minneapolis Fed's Kashkari Friday Earnings: AstraZeneca, Campbell Soup 3:00 a.m. Cleveland Fed President Loretta Mester 9:15 a.m. Dallas Fed Rob Kaplan 9:15 a.m. Fed Governor Lael Brainard 10:00 a.m. QSS
Stocks Surge But Cryptos Tanked, ARS Spanked, & Dollar Bid Yanked So... Trump stirs up the Middle-East by withdrawing from JCPOA and... The Dow gains 600 points (best week in 2 months), VIX tumbles to a 12 handle (lowest close since Jan), Oil rises just 1.25% on the week (but at 4 year highs), Gold managed a modest gain (the first weekly rise in a month) and The Dollar and The Long Bond end the week unchanged... BTFINDWD!! But it all started last week... VIX was monkeyhammered to a 12 handle... VIX lowest close since Jan.. The Dow found resistance at the 100DMA... AAPL was set for the longest daily win streak since 2010... but closed lower today... Symantec was clubbed like a baby seal.. TSLA stock remains decoupled from reality... Healthcare-related stocks dipped then ripped on Trump's announcement... Bank stocks started to fade a little relative to the market in the last two days as the yield curve collapsed... Treasury yields were very mixed on the week with the long-end lower and short-end higher... Which meant massive flattening across the curve: 5s30s -6bps to 27bps (flattest since Aug 2007) 2s30s -5bps to 57bps (flattest since Aug 2007) 2s10s -2bps to 43bps (flattest since Sept 2007) 7s10s -2bps to 2.7bps (flattest on record) 10s30s -3bps to 13bps (flattest Jul 2007) As CPI sparked a significant dump... 30Y Yields peaked midweek then were bid into the weekend... Once again 30Y yields find resistance at around 3.20%... 10Y Yields rejected 3.00% again... The Dollar Index closed the week flat as the early week bid evaporated on Thursday and Friday... ARS was spanked early on before BCRA piled in with massive $1 billion intervention to rescue the day (but in context the bounce is marginal ahead of next week's massive liquidity needs)... Cryptocurrencies suffered this week as MtGox liquidation rumors, Nvidia forecasts, and a South Korean exchange raid sparked FUD... The dollar's wild ride left all commodities green on the week, though we note that WTI gave back a lot of the mid-week gains... Finally, we leave it to Gluskin-Sheff's David Rosenberg for some much-needed context... David Rosenberg@EconguyRosie The stock market has gone 74 days without making a new high but that hasn’t stopped the bulls from boasting about how it is up or flat six days in a row. I still say to sell into strength.
Spoiler: Weekend Reading: The Art Of War Authored by Lance Roberts via RealInvestmentAdvice.com, “Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” – Sun Tzu: The Art Of War The biggest mistake investors make over the long-term is investing without a strategy. The point that Sun Tzu was making, as it relates to investing, is that having a strategy, such as buying and holding stocks, will indeed work. However, doing so without “tactics,” or a methodology to control risk and reduce emotional mistakes, will substantially lengthen the “route to victory.” In investing, “time” is both our most precious commodity and our biggest enemy. In the mainstream push to promote the “buy and hold” myth, the problem of “time” in the equation is often overlooked. The chart box below shows a $1000 investment from either a period of low or high valuations. It assumes a real, total return holding period until death assuming the individual starts saving at 35-years of age using historical life-expectancy tables. No withdrawals were ever made. (Note: the periods from 1983 forward are still running as the investable-life expectancy span is 40-plus years.) The gold sloping line is the “promise” of 6% annualized compound returns. The blue line is what actually happened with invested capital from 35 years of age until death, with the bar chart at the bottom of each period showing the surplus or shortfall of the goal of 6% annualized returns. In every single case, at the point of death, the invested capital is short of the promised goal. The difference between “close” to goal, and not, was the starting valuation level when investments were made. Back to Sun Tzu. Strategy is the overarching premise the derives your investment selections. Selecting the right strategy requires some thought about your mental state, aversion or acceptance of risk, and most importantly your “duration” or “time horizon.” Warren Buffett has a great “strategy” for investing. He buys great companies at “bargain” prices. However, his time horizon is 100-years. You can not invest like Mr. Buffett because you most likely don’t have 100-years to capture the expected return on investment nor do you have $1 billion to buy a company with. While the example is a bit extreme, the premise is valid. Many investors may “believe” they are long-term investors, but in reality they lack the time frame to achieve the long-term expected returns. The problem becomes the inability for the portfolio to withstand a sharp drawdown in price, and recover, within the actual time horizon they have to meet retirement needs. Tactics are the methods of controlling risk, taking advantage of short-term opportunities and mitigation of loss. Tactics alone, more commonly known as “day trading,” will end badly for most due to emotional behaviors. Tactics, when married with a strategy, will reduce the risk of drawdowns and increase the probability of investment success over a given time period. This is what we have been addressing over the last couple of months. As portfolio managers, we are “long-term” investors by nature. We have positions in our portfolios which are “core”to our investment “strategy.” However, our “tactical” approach to risk management, such as stop-prices, cash levels, and hedging, all are part of the “controls” used to mitigate loss and create returns within the “duration” of client’s objectives. While the “break out” of the two-month long consolidation yesterday is certainly encouraging, longer-term “sell signals” remain firmly intact keeping our cash levels higher than normal. We are “tactically” looking to take advantage of the breakout by modestly increasing equity exposure as needed, but we do so with controls in place in case something goes wrong. We are still within a very late-stage bull market with rising stresses from slowing credit growth, elevated valuations, increasing inflationary pressures without offsetting wage growth and geopolitical stresses. This isn’t a “battle” to charge head first into without having a carefully thought out strategy with tactics to back it up. “Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win”– Sun Tzu: Art Of War Just something to think about as you catch up on your weekend reading list. Economy & Fed Trump Tricks Trade Partners Into Dangerous Game by Peter Muller & Martin Hesse via Der Spiegel How Trump’s Move On Iran Helps Saudi Arabia by Simon Constable via Forbes Why Wages May Not Be Rising With Hiring by Caroline Baum via MarketWatch 3-Reasons To Expect A Recession Soon by Pierre Lemieux via Econlog Are We Trapped In A Debt Spiral by George Will via National Review Trump Doesn’t Understand How Fed Works by Pedro Da Costa via BI Will Trump Pay The Price For What He Wants From Iran by Tom Luongo The Fed Has Robbed The Future by Brian Maher via The Daily Reckoning Trade Deficit Is A Meaningless Indicator by Adam Brandon via IBD Jobless Rate Looks Like Old Times, Economy Doesn’t by Natalie Kitroeff via NYT Central Banks: The Great Experiment Has Failed by Nomi Prins via The Daily Reckoning Sanders’ Job Guarantee Boondoggle by Robert Samuelson via RCM Markets Dalio Derisks Portfolios Goes Net Short Stocks by Tyler Durden via ZeroHedge Buying & Holding The Market Has Many Pitfalls by Aaron Brown via Bloomberg Technically Considering Technical Analysis by Seth Levine via The Integrating Investor Earnings Offer Up Important Investing Lesson by Brian Sozzi via TheStreet.com A Low Unemployment Rate Isn’t Bullish For Stocks by Charlie Bilello via Pension Partners Why The Market Has Its Swagger Back by Mark DeCambre via MarketWatch Why I’m Not An Emerging Market Bull by Edward Harrison via Credit Writedowns Is It Time To Get Concerned by Ryan Vlastelica via MarketWatch A Preview Of The Next Housing Crisis by Scott Sumner via The Money Illusion Risk Aversion Meets Hypervalued Market by John Hussman via Hussman Funds This Signal Can Foreshadow Big Price Moves by Chris Ciovacco via Ciovacco Capital Most Read On RIA The Myth Of “Buy & Hold” & Why Starting Valuations Matter by Lance Roberts The Great Contagion by Danielle DiMartino-Booth via Money Strong Stoking The Embers Of Inflation by Michael Lebowitz and J Brett Freeze The Coiled Spring Market by Lance Roberts Recession Says Nothing About Future Stock Returns by John Coumarianos Research / Interesting Reads The State Of American Debt Slaves by Wolf Richter via Wolf Street Where’s The Invisible Hand by Stanley Druckenmiller via WSJ Is The U.S. Becoming Japan 2.0 by Upfina Wishful Thinking & Willful Blindness In Pension Plans by Danielle Park via JugglingDynamite.com Another Step Towards Collapse Of The PetroDollar by Rory via The Daily Coin 13-Best Quotes From Warren Buffet’s BRK Meeting by Jen Wieczner via Fortune 21-Best Quotes From Charlie Munger’s BRK Meeting by Jen Wieczner via Fortune The Fed Should Shrink Its Balance Sheet by Mickey Levy via Economics 21 “History repeats itself all the time on Wall Street” ― Edwin Lefevre
Here are the percentage changes for the major indices for WTD, MTD, QTD & YTD in 2018- S&P sectors for the past week-
Some Good News Posted by lplresearch The S&P 500 Index closed at its highest level since March 16 yesterday and is now up 1.85% for the year. But, what’s the significance? Well, since 1970, when the S&P 500 has closed higher year-to-date (on any day) during the month of May, the index’s total return for the full year has been positive in every instance except one. That means 35 out of 36 previous years have lead to a higher full-year return. (The year 1990 being the only exception.) What about the “Sell in May” period? As we discussed in this week’s Weekly Market Commentary, the next six months are historically the weakest of the year, but we think this year might buck that trend and provide opportunity, as it has in five of the past six years. Well, here’s one more reason why, going back to 1950,* when the S&P 500 has a single positive year to date day during the month of May we found that those worst six months of the year return +3.8% on average and are higher 72.5% of the time, both well above the average May through October period. Good news indeed. “The illusion to the whole ‘sell in May’ meme is that the next six months are always weak. However, that simply isn’t true; and what matters more is if markets are strong heading into these six months, returns can actually be quite strong,” explained Ryan Detrick, Senior Market Strategist. Lastly, here is one final look at “Sell in May.” As our LPL Chart of the Day shows, when the S&P 500 was up the previous six months heading into the worst six months of the year, is above its 200-day moving average, and it is a midterm year, the returns have been quite strong. In fact, historically the average pullback during the next six months under those criteria is 10.3%, but the average gain when all is said and done is +5.5%. Given 2018 fits all of those criteria, this is another reason to think investors could be rewarded for not selling in May, or even adding on any weakness. DJIA Bullish Around Mother’s Day Over the last twenty-three years on the Friday before Mother’s Day the Dow Jones Industrials have gained ground fifteen times. On the Monday after DJIA has advanced sixteen times. Average gain on Friday has been 0.18% and a respectable 0.49% on Monday. However, in four of the last six years, the Monday following Mother’s Day has been down. Stocks Reacting Positively to Earnings May 11, 2018 So far this earnings season, the more than 2,000 stocks that have reported have averaged a gain of 0.49% on their earnings reaction days. (For a stock that reports in the morning, its earnings reaction day is that trading day. For a stock that reports after the close, its earnings reaction day is the next trading day.) Below is a chart showing the average 1-day price change in reaction to earnings by quarter since 2001. As shown, this quarter’s reading of +0.49% is actually set to be the strongest since the Q4 2014 reporting period when the average stock gained 0.55% on its earnings reaction day. Even though expectations for earnings have gotten dramatically more optimistic over the last year, stocks have still managed to react positively to their earnings reports for three consecutive quarters. Earnings and Revenue Beat Rates Hold Strong May 11, 2018 Another 500+ companies reported earnings this week, bringing the total number of companies that have reported this earnings season up to 2,000+. The “unofficial” end to earnings season comes next week when Wal Mart (WMT) reports on Thursday. With less than a week to go, the summary results for this earnings season aren’t likely to change much. As shown below, the percentage of companies that have beaten consensus analyst EPS estimates this season now stands at 68.2%. This is down slightly from where it stood a couple of weeks ago, but it’s still a very strong reading nonetheless. There have only been a handful of other quarters (including last quarter) over the last 20 years that have seen higher bottom-line beat rates. In terms of top-line numbers, 71.6% of companies have beaten consensus analyst revenue estimates this earnings season. Like we’ve seen with the earnings beat rate, the revenue beat rate is extremely strong this season even though it’s down just a hair from last season. There have been just four prior quarters over the last 20 years that have seen stronger top-line beat rates. Number of Analyst Ratings Per Stock; Buy Ratings Up May 9, 2018 We’re in the process of updating a report we publish for clients a few times a year looking at the most loved and hated stocks by Wall Street analysts. In the report, we also provide an analysis of analyst ratings at the sector and market cap level. Taking a view from the top, below is a look at how many analyst ratings there are per stock for large caps, mid caps, and small caps. The S&P 1500 index is made up of the S&P 500 (large caps), the Mid Cap 400 (mid-caps), and the Small Cap 600 (small caps). For the entire S&P 1500, there are 18,945 analyst recommendations, which equates to 12.6 analyst ratings per stock. But analyst coverage varies widely by market cap. Predictably, the largest stocks in the market have the most analyst coverage, while the smallest stocks have the least amount of coverage. In the S&P 500, there are 21.2 analyst ratings per stock. For mid caps, there are 11.5 analyst ratings per stock, and for small caps, there are just 6.2 analyst ratings per stock. In terms of finding stocks that are going to outperform, there’s a reason why investors gravitate towards the small-cap space. With fewer analysts covering small caps, there’s a better chance at finding stocks that are either undervalued or overvalued. The more eyes there are watching a stock (or group, sector, index, or country), the higher the likelihood that the “efficient market hypothesis” is at work. On another note, we also wanted to quickly touch on analyst sentiment without diving too deep. (We’re saving that for our premium report.) Right now, 49.8% of all analyst ratings are “Buy” ratings. As shown below, at the start of the year, 47.2% of all ratings were “Buy” ratings, so analysts have gotten more bullish as the year has progressed. S&P 500 Sector Weightings; Tech Nears 26% May 9, 2018 Yesterday we published our monthly S&P 500 Sector Weightings report for clients. The report provides a detailed historical look at S&P 500 sector weightings, and it’s something clients find very useful. Below we show current S&P 500 sector weightings. Anything stand out? Yes, at 25.78%, the Technology sector now makes up more than a quarter of the S&P 500. That’s a bigger slice of the pie than the smallest six sectors combined. The Financial sector is the second largest at 14.65%, followed by Health Care at 13.71%, and then Consumer Discretionary at 12.86%. There was a time relatively recently when Energy, Consumer Staples, and Industrials all had weightings above 10%, but at this point they’re all in the single digits. Getting back to the Technology sector, below is a look at its historical weight in the S&P 500. At 25.78%, Tech’s weighting was only higher during a 10-month window from December 1999 to September 2000. Small Caps Shine in Dollar’s Rise May 8, 2018 As we highlighted in a prior post, when the dollar rallies, companies with domestic exposure tend to outperform their multi-national peers. Since small-cap stocks tend to have little in the way of international exposure, they tend to be a big beneficiary of dollar strength. Look no further than the relative strength chart of the Russell 2000 versus the S&P 500 over the last year. When the line is rising, it indicates that small caps are outperforming and vice versa for a falling line. While small caps were underperforming by a pretty sizable margin back in mid-February, they have completely reversed in the last three months and are now outperforming large caps by nearly their widest margin of the last twelve months. Quite a turnaround! In terms of the recent outperformance in the small-cap space since the US Dollar Index’s low in February, it couldn’t possibly be more broad-based. Since 2/16, the S&P 500 is down 2.3% while the S&P 600 small-cap Index has actually rallied 2.7%. What’s really amazing, though, is that all 11 sectors in the small-cap space have outperformed their large-cap peers since 2/16. While the performance spread is widest in the Health Care sector at more than 15 percentage points, even small-cap Technology and REITs have managed to outperform their larger peers. S&P 500 Average Performance by Weekday May 8, 2018 The S&P 500 has averaged a daily change of 0.01% so far in 2018. That’s about as close to zero as it can get, but at least it’s positive! Below is a chart showing the S&P 500’s average daily change by weekday so far in 2018. As shown, Monday, Wednesday, and Thursday have averaged declines, while Tuesday and Friday have averaged gains. Thursdays have been the worst day of the week, while Fridays have been the strongest. In terms of volatility, the S&P has averaged an absolute change of +/-0.86% on all trading days so far in 2018. In 2017, which was one of the least volatile years in the history of the stock market, the S&P averaged an absolute daily change of just +/-0.30%. Below we show how volatile each trading day of the week has been in 2018. As shown, the week has started and ended with a bang, while the middle days have been less volatile. On Mondays, the S&P has averaged a move of +/-1.15%. Tuesdays and Thursdays have averaged smaller moves of just over +/-0.80%, while Wednesdays have been the least volatile with an average change of +/-0.51%. Finally, Fridays have ended the week with an average absolute change of +/-1.03%. The trend of volatile starts and ends to weeks and a calmer tone during the middle of the week has been in place for more than just 2018. Looking back over the last three years, a similar pattern has been in place. Mondays and Fridays have been the most volatile days of the week, and then things have gotten progressively less volatile from Tuesday through Thursday. S&P 500’s Daily Move Back Below 1% May 7, 2018 As you may have noticed, market volatility has begun to cool a bit in recent weeks. While we wouldn’t go as far as famed investor Jack Bogle did when he said recently that it’s the most volatile market he’s seen in his career, the action over the first few months of 2018 was certainly a lot more hectic than it was in 2017. At one point last year, the S&P 500’s average absolute daily % change over a 50-trading day period got as low as 0.22%! At its highs recently on April 16th, the S&P had averaged a daily absolute change of +/-1.12% over the prior 50 trading days. Below is a chart showing the S&P’s 50-day rolling average absolute daily % change going back to 2003. The most recent period ended up trading more volatile than the action we saw in 2015/2016, but it wasn’t nearly as volatile as late 2011 when the S&P averaged a daily move of +/-1.98% over a 50-day period. Of course, nothing since the Great Depression can compare to the volatility seen at the height of the Financial Crisis. At one point in late 2008, the S&P had averaged a DAILY move of +/-4.02% over a 50 trading day period. Now THAT is what you call “the most volatile market you’ve ever seen!” Getting back to the current market environment, after peaking at +/-1.12% in mid-April, the S&P’s average daily change over the last 50 days has dipped down to +/-0.88%. While it may feel like things have calmed down, +/-0.88% is still 4x greater than what investors were used to in 2017. A Bipartisan Rally: Crude Oil and the Dollar May 7, 2018 WTI crude oil prices crossed a major milestone when they traded above $70 per barrel for the first time since late 2014, when prices were crashing from over $100 to ultimately under $30. With the recent gains, crude oil prices are up over 16% YTD now and 52% over the last 12 months. The most surprising aspect of the rally in crude oil prices is that the most recent leg higher has come as the dollar has rallied along with it. Historically, crude oil prices have had an inverse correlation to the dollar and looking at the chart below, it’s pretty easy to see that the rally in crude oil prices over the last year has mostly coincided with a decline in the dollar. Over the last four weeks, though, the US Dollar Index has seen a pretty sizable bounce of over 3%, but rather than stop the rally in its tracks, crude oil has been unfazed, gaining an additional 10%+. Inflation Remains Near Fed Target Posted by lplresearch Inflation is in the headlines again after the April Consumer Price Index (CPI) accelerated, while the Producer Price Index (PPI) fell versus March readings. Headline CPI, which measures the prices that consumers pay for goods and services, hit 2.5%, whereas the core reading, which removes the impact of food and energy prices, was the same as the March reading at 2.1%. PPI, which measures the wholesale selling prices received by producers*, decelerated to 2.6% and 2.3% for the headline and core figures, respectively. All three major measures of inflation are near or slightly above the Federal Reserve’s (Fed) 2% target, as our LPL Chart of the Day shows. (April data for personal consumption expenditures (PCE) inflation will be released on May 31.) LPL Research Chief Investment Strategist John Lynch explains, “It’s taken us almost a decade to get here, but inflation is finally near the Fed’s 2% target. We expect that the Fed will continue on its path of gradual rate hikes, and that we’d need to see core PCE or wage inflation move significantly higher before the Fed would become more aggressive and upset the balance that they’ve worked so hard to achieve.” Another Near Record Posted by lplresearch As the calendar turns to May, it also means the current economic expansion is now 107 months old, officially marking the second-longest since World War II (WWII). As our LPL Chart of the Day shows, only the 120-month expansion of the 1990s stands in the way of the record. “Can the current expansion go another 14 months to break the record for the longest economic expansion?” asked Ryan Detrick, Senior Market Strategist. “Considering bull markets don’t die of old age, but instead die of excesses like overspending, overleverage and overconfidence, we think there’s a good chance this cycle can go at least another year, as we simply aren’t seeing signs of excesses from previous economic peaks.” The next six months could be tricky for equities, but we think the lack of excesses in the U.S. economy is one important reason why this year may be (another) one in which staying invested could be better than sitting on the sidelines—topics that we’ll cover in more detail in this week’s Weekly Market Commentary, due out later today.
Stock Market Analysis Video for May 11th 2018 Video from AlphaTrends Brian Shannon ShadowTrader Video Weekly 5.13.18 - A Tale of Two Fibonacci Levels Video from ShadowTrader Peter Reznicek
Here are the current major indices pullback/correction levels from ATHs as of week ending 5.11.18- Here is also the pullback/correction levels from current prices- ...and here are the rally levels from current prices-
Here are the most anticipated ERs for this upcoming week ahead (I'll also have the weekly earnings calendar posted in here as well once it's out) ***Check mark next to the stock symbols denotes confirmed earnings release date & time*** Monday 5.14.18 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! Monday 5.14.18 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! Tuesday 5.15.18 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 5.15.18 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 5.16.18 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 5.16.18 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 5.17.18 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 5.17.18 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 5.18.18 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 5.18.18 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES! NONE. Here are the scheduled earnings before the market open on Monday morning (5/14/18)- ($MZOR $HQCL $LONE $MARK $ATNX $BCLI $NINE $OPTN $CTEK $LIFE $AMR $SPCB $STAF $EAST $WWR $PXS)
Stockaholics come join us on our stock market challenge threads for this upcoming trading week ahead!- ======================================================================================================== Stockaholics Daily Stock Pick Challenge & SPX Sentiment Poll for Monday (5/14) <-- click there to cast your daily market vote and stock pick! Stockaholics Weekly Stock Picking Contest & SPX Sentiment Poll (5/14-5/18) <-- click there to cast your weekly market vote and stock picks! ======================================================================================================== It would be pretty sweet to see some of you join us and participate on these! I hope you all have a fantastic weekend ahead!
And as promised here is the most anticipated earnings calendar for this upcoming trading week ahead- ($WMT $HD $AMAT $CSCO $M $JCP $DE $TTWO $BZUN $MZOR $NTES $KEM $A $VIPS $CSIQ $LONE $HQCL $MARK $SORL $JWN $DGLY$EXP $SWCH $AZN $CPB $NM $GDP $BCLI $MGIC $TGEN $KMDA $JACK $ATNX $HTHT $MANU $NINE $MTBC $VRTU $RXN $AMRS $FLO) If you guys want to view the full earnings post please see this thread here- Most Anticipated Earnings Releases for the week beginning May 14th, 2018 <-- click there to view!
Been AFK for a few days now because I was getting LASIK on Thursday. Back to my normal schedule this week with laser vision
^^ back to the day schedule? good timing as we're just a couple of members away from hitting the 3000 member milestone at stockaholics! so good to see you back on the normal sched, T! you've been missed bigly 'round here. also really glad to hear the lasik went perfectly!
trying out a put spread on the VXX expiring 6/15 - 1 $35Put Buy/1 $28Put Sell for a total debit of $2.34. Max loss $234 - max possible gain $463 RR 2:1 Sold my 5/18 SPY puts for a loss this morning at the open. Still holding 2,428 SVXY shares from last week - entry was $13.15.
russ2k pulled back basically right at the ATH ... i remember marcy mentioned on last week's thread how that had resisted twice there before. good call.
MGM, casino stocks jump after Supreme Court says states can legalize sports betting https://www.cnbc.com/2018/05/14/cas...-supreme-court-ruling-for-sports-betting.html Anyone here got those casino stocks before today?
So the casinos (WYNN, LVS) that are more leveraged to Vegas-centric betting are not reacting favorably. This is something to consider for the future, if states actually do start legalizing sports betting.
