Welcome Stockaholics to the trading week of August 27th! 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: Heico Tuesday Earnings: Tiffany, H&R Block, Best Buy, Hewlett Packard Enterprises, BJ's Wholesale, Box, Tilray, Hain's Celestial, Bank of Montreal, Shoe Carnival 8:30 a.m. Advanced economic indicators 9:00 a.m. S&P/Case-Shiller home prices 10:00 a.m. Consumer confidence Wednesday Earnings: Brown Forman, Salesforce.com, Guess, American Eagle Outfitters, Chico's FAS, Movado, PVH, Dick's Sporting Goods 8:30 a.m. Q2 GDP (second reading) 10:00 a.m. Pending home sales Thursday Earnings: Campbell Soup, Abercrobmie and Fitch, Dollar General, Dollar Tree, Toronto-Dominion, Signet Jewelers, Burlington Stores, Lululemon Athletica, Smith and Wesson, Ambarella, American Outdoor Brands, Utla Beauty, Cooper Cos, Michaels Cos 8:30 a.m. Jobless claims 8:30 a.m. Personal income/spending 8:30 a.m. PCE inflation data Friday 9:45 am. Chicago PMI 10:00 a.m. Consumer sentiment
China Saves The World As Gold Gains Most In 5 Months China "unleashed hell" on the shorts with its promise that banks would resume a “counter-cyclical” factor when calculating the yuan’s daily reference rate, restraining the influence of market forces that have been driving the currency lower versus the greenback. Sending offshore yuan soaring by the most since Jan 2016... Catching up with, and then leading, US equity futures... Igniting momentum in stocks at the open that held on all day.. And as Yuan soared, the dollar dumped... Helping send gold back above $1200.. To its best week since March... * * * Thanks in large part to Monday's National Team intervention, Chinese stocks had a big week... All major US equity indices ended the week green, led by Small Caps and Nasdaq... The S&P and Dow were the laggards... FANG Stocks soared... Bonds and stocks were both manically bid this week - and especially today... Treasury yields were mixed on the week with the short-end offered and long-end well bid... 30Y Yield tumbled back below 3.00%... (lowest yield close since July 19th) The yield curve continued to collapse with 2s10s in the teens and 2s30s testing 30bps... The dollar's drop helped send a number of EM currencies higher but Brazilian Real and Argentine Peso were pummeled... Dollar weakness helped send all major commodities green on the week led by WTI... And finally...
Spoiler: Weekend Reading: Impeachment Risk Authored by Lance Roberts via RealInvestmentAdvice.com, Yesterday, the President stated: “If I ever got impeached, I think the market would crash. I think everybody would be very poor. Because without this thinking, you would see, you would see numbers that you wouldn’t believe in reverse.” It is an interesting statement because there has been little to seemingly deter the bullish momentum of the market. Trade wars, tariffs, geopolitical stresses, a stronger dollar, and tighter monetary policy have all been quickly dismissed in exchange for hopes that corporate earnings and profitability will continue to accelerate into the future. Even as I write this note this morning, the market is opening higher in the attempt to push the S&P 500 to “all-time”highs despite the fact the recent rally over the past week was attributed to “trade resolutions” with China which completely fell apart overnight. “When reports emerged last week of a low-level Chinese delegation coming to meet with members of the Treasury department ahead of what the WSJ described would be a November trade summit in the US, stocks spiked and yields ran up (they have since tumbled with the 2s10s yield curve collapsing to just 20 basis points) on hopes that the long-running trade feud between the US and China may finally be coming to an end. The skeptics were right because, after the conclusion on Thursday of the second day of the closely watched trade talks between the U.S. and China, there was ‘no major progress’ according to Bloomberg, with the stage once again set for further escalation of the trade war between the US and China.” As you know, I was one of those skeptics. Despite the headline rhetoric, the drive of the market is simply the momentum chase or more commonly known as the “Fear Of Missing Out (FOMO).” The momentum push is historically the last stage of a bull market cycle and is very difficult to stop. It is at this point in the cycle where “everything is as good as it can get,” literally. Confidence is at a peak, earnings and profitability are expanding and economic data is optimistic. Such provides the support to discount overvaluation and investment related risk. But as I penned last week: “’Record levels’” of anything are ‘records for a reason.’ When a ‘record level’ is reached it is NOT THE BEGINNING, but rather an indication of the PEAK of a cycle. Records, while they are often broken, are often only breached by a small amount, rather than a great stretch. While the media has focused on record low unemployment, record stock market levels, and record confidence as signs of an ongoing economic recovery, history suggests caution. For investors, everything is always at its best at the end of a cycle rather than the beginning.” But the cracks are already starting to appear as underlying economic data is beginning to show weakness. While the economy grinds higher over the last few quarters, it was more of the residual effects from the series of natural disasters in 2017 than “Trumponomics” at work. The “pull forward” of demand is already beginning to fade as the frenzy of activity culminated in Q2 of 2018. For the stock market, an impeachment process, which is a very low probability event, is likely the least of concerns over the next 9-12 months. What will matter to investors, in my opinion, are three things: The Fed China The 2nd Derivative The Fed is important as they continue to hike rates which is already impacting, as we discussed yesterday, some of the more economically sensitive areas of the market. China matters because they are a major trading partner with the U.S. and the potentially negative impact on corporate earnings from trade, tariffs, and a stronger dollar should not be quickly dismissed. While those things may not be immediately noticeable, even though they have been mentioned in recent corporate earnings reports, the longer they persist, the more they will matter. Lastly, the annual rate of change in earnings and economic data will begin to weaken as the year-over-year comparisons become much more difficult. Importantly, the explosive earnings growth in earnings this year, due to a lowered tax rate, has been key to supporting higher stock prices. That growth rate is set to slow markedly beginning in Q3 as the “tax rate effect” is absorbed and discounted. As far as the political backdrop goes, the biggest risk is the upcoming mid-term elections. If the House and/or Senate falls to the Democrats, the inability to push forward, or even the potential reversal of, any of the “Trumponomic” agenda will likely be much more unsettling for the markets in the short-term. Nonetheless, the trend and momentum remains bullish, and bullish sentiment is an extremely hard thing to turn. But it will eventually turn. The only question is what causes it? There are certainly plenty of reasons for investors to be concerned, however, none of those “reasons” have seemed to matter so far. Most likely, the one that does is likely the one we aren’t even talking about yet. Just something to think about as you catch up on your weekend reading list. Economy & Fed Student Loans Are Starting To Bite The Economy by Danielle DiMartino-Booth via Bloomberg Jackson Hole Guards The Secrets Of The Temple by Caroline Baum via MarketWatch US Overdue For Another Economic Disaster by George Will via National Review Deficits Are Putting American On Path Fiscal Ruin by Stan Collender via USA Today CBO’s Long-Term View Is Dire by Maya McGuinness via CNN Will Is Wrong About The Economy by David Bahnsen via National Review Why Prosperity Has Increased, But Not Happiness by Jonathan Rauch via NYT Bostic Throws Down The Gauntlet by Tim Duy via Fed Watch The Fed Is About To Make A Mistake by Jim Bianco and Ben Breitholtz via Bloomberg Fed Concerned About Downside Risk Of Tariffs by Mike “Mish” Shedlock via TheMaven The US Economy And Mid-Term Elections by Michael Boskin via Project Syndicate An Even Bigger China Shock by Scott Sumner via The Hill Markets US Bank Profits Hit Record Of $60 Billion In Q2 by Tyler Durden via Zerohedge The Bull Market That Wouldn’t Die by IBD Timing The Stock Market Is Tough, Or Is It? by Shawn Langlois via MarketWatch Global Liquidity Is Drying Up by Colby Smith via FT Historic Bull Market Could Run Another Year by Howard Gold via MarketWatch New High In Stocks Brings Warning by Dana Lyons via The Lyons Share A Brief History Of Bull Markets by Peter Eavis via NYT Recession Signals From The Bond Market by Simon Constable via Forbes Your Bull Market Debate Is Dumb by Cullen Roche via PragCap DB: Don’t Expect Emerging Markets To Outperform by Ryan Vlastelica via MarketWatch The Markets Latest Sell Signal Only Happened 5 Other Times by Mark Hulbert via MarketWatch How Does This Bull Market End? by Gillian White via The Atlantic Negative Bets Against Gold Could Be Tipping Point by Patti Domm via CNBC Fowl Plays In Emerging Markets by Macromon via Global Macro Monitor Best Stock Strategy Is To Just Stay Home by Ed Yardeni via MarketWatch Most Read On RIA Longest Bull Market In History & What Happens Next by Lance Roberts The Weaponization Of The Dollar by Michael Lebowitz Trump & The Cons Of 6-Month Reporting by Doug Kass Markets Are Waiving A Huge Red Flag by Lance Roberts Why Your Credit Score Just Improved by John Coumarianos Cliff Asness On Buybacks by John Coumarianos Dont’ Fear The Yield Curve? by Lance Roberts Research / Interesting Reads My New “Fed Hawkishness-O-Meter” by Wolf Richter via Wolf Street Turkey Tariffs Hurt EM And US Economies by Patrick Hill via The Progressive Ensign 10-Reasons It’s Hard To Be An Intelligent Investor by Justin Carbonneau via Validea.com China’s Railways Are Leading To High-Speed Debt by Tom Mitchell via Ozy.com Passive Investing Would Have Confounded Adam Smith by Merryn Webb via MoneyWeek Housing Is Back, The Dream Isn’t by Noah Smith via Bloomberg Paul Singer: Doomsday Investor by Sheelah Kolhatkar via The New Yorker 15-Companies Investing In Tomorrow by Rex Nutting via MarketWatch Spooked Banks Slash Subprime Credit Card Exposure by Tyler Durden via ZeroHedge Extrapolating Growth by John Hussman via Hussman Funds “The trick of successful investors is to sell when they want to, not when they have to.” – Seth Klarman
Here are the percentage changes for the major indices for WTD, MTD, QTD & YTD in 2018- S&P sectors for the past week-
Jackson Hole Preview: What to Watch for at the Fed’s Economic Policy Symposium Posted by lplresearch Yesterday, the Federal Reserve (Fed) kicked off its annual Economic Policy Symposium in Jackson Hole, Wyoming. Fed Chair Jerome Powell is scheduled to speak at 10:00 ET today in one of his most publicized speeches of the year. Much has changed since the Fed’s last gathering at Jackson Hole. U.S. economic growth has accelerated, but a slew of domestic and global headwinds have popped up that complicate the Fed’s gradual approach to tightening monetary policy. As shown in the LPL Chart of the Day, these headwinds (most recently, Turkey’s currency crisis) have led to a decline in market expectations for a fourth interest rate hike at the Fed’s December meeting. “The Fed has demonstrated willingness to be flexible with monetary policy given global conditions,” said LPL Chief Investment Strategist John Lynch. “While we believe Turkey’s crisis will have a minimal impact on the broad emerging markets economy, the Fed’s context around the situation may help guide investors on the extent to which policymakers are incorporating it into their decision-making process.” We will be monitoring developments from Jackson Hole, especially those concerning the following topics: Global stability: Powell’s speech is his first chance to comment publicly after the recent developments in Turkey. The Fed must consider global stability, so Powell may hint at how the Fed is weighing the impact of tariffs, a strong U.S. dollar, and emerging market stability when determining its future monetary policy approach. Other central banks: Policymakers from central banks around the world typically attend the symposium, so investors may also get clues from these policymakers’ public comments on their plans for monetary policy. In a 2014 Jackson Hole speech, European Central Bank (ECB) president Mario Draghi dropped hints ahead of the ECB’s implementation of its quantitative easing program, which started in March 2015. Inflation and the neutral rate: The pace of inflation and its impact on monetary policy remains one of investors’ biggest questions. While measures like wage growth and core personal consumption expenditures lag the Fed’s target levels, the Consumer Price Index and the Producer Price Index have neared their highs of the economic cycle. Discussions in the Fed’s most recent meeting indicated there’s considerable ambiguity around what the Fed now considers as its “neutral rate,” or the point where monetary policy neither stimulates nor restrains economic growth, so any comments on inflation could influence market expectations for future hikes. 3 Years Ago Today Posted by lplresearch Three years ago today investors saw the Dow fall 1,000 points for the first time ever. Although it didn’t close down 1,000 points, it was still a historic day for the market. Sparking the meltdown was worries over the Chinese currency markets and Chinese economy. On a percentage basis, the Dow was down 6.62% at the lows of that historic day. The largest intraday percentage drop ever for the Dow was 25.33% on October 19, 1987. In fact, since 1987, there have been five instances where the Dow was down at least 9% at its intraday lows. Three of those times were during October 1987, one was in October 2008, and the other was the Flash Crash in May 2010. “Yes, on a percentage basis the 1,000 point decline three years ago wasn’t one of the largest drops ever, but a 6.62% slide shouldn’t be ignored. It was still a harsh reminder that volatility is part of the game and investors should never get too complacent,” said LPL Senior Market Strategist Ryan Detrick. Below is a chart that puts into perspective just how much a 1,000 point drop would impact the Dow on a percentage basis. In the early 1980s, it would have wiped it out. Today it would amount to a 3.9% drop. September Almanac: Rank improves,but performance slips in midterm years Since 1950, September is the worst performing month of the year for DJIA, S&P 500, NASDAQ (since 1971), Russell 1000 and Russell 2000 (since 1979). September was creamed four years straight from 1999-2002 after four solid years from 1995-1998 during the dot.com bubble madness. Although September’s overall rank improves modestly in midterm years going back to 1950, average losses widen for DJIA (–1.0%), NASDAQ (–0.8%), Russell 1000 (–1.1%) and Russell 2000 (–0.6%). S&P 500’s average September loss improves slightly from –0.5% to –0.4% in midterm years. Although September 2002 does influence the average declines, the fact remains DJIA has declined in 11 of the last 17 midterm-year Septembers. The month has opened strong in 14 of the last 23 years (a fading trend as S&P 500 has been down five of the last seven first trading days), but as tans begin to fade and the new school year commences, fund managers tend to clean house as the end of the third quarter approaches, causing some nasty selloffs near month-end over the years. Recent substantial declines occurred following the terrorist attacks in 2001 (DJIA: –11.1%), 2002 (DJIA –12.4%), the collapse of Lehman Brothers in 2008 (DJIA: –6.0%) and U.S. debt ceiling debacle in 2011 (DJIA –6.0%). Small-Cap Labor Day Advantage by the Numbers Yesterday we noted the tendency of small-cap stocks to outperform large-cap stocks around the Labor Day holiday. Today we present just the numbers based upon the Russell 1000 and Russell 2000 indexes from 1979 to 2017. Small-cap advantage typically begins on or around the 18th trading day in August and lasts until the 12th trading day in September. On average the Russell 2000 has outperformed the Russell 1000 by 0.8% during this time span with the Russell 2000 outperforming 71.8% of the time over the last 39 years. Historical Earnings Report Statistics Using Bespoke’s Earnings Screener Tool Aug 24, 2018 Our famous Earnings Screener is unmatched when it comes to historical earnings report data for publicly-listed US companies. The Earnings Screener allows users to easily search through historical quarterly earnings reports for every US stock going back to 2001. The bottom line is if you want to analyze “big data” related to earnings reports, our Earnings Screener is the tool to use. Below we highlight a number of insightful statistics using the 143,000+ individual quarterly earnings reports that make up our Earnings Screener. Our first chart simply shows the number of quarterly earnings reports in our database by sector. As shown, there are 30,742 individual quarterly reports for Technology sector stocks in the database, which is nearly 7,000 more than the next closest sector (Consumer Discretionary). Real Estate and Telecom have the fewest quarterly reports, mostly because Real Estate just became a sector last year while there are only a handful of publicly-traded Telecom companies left. The second chart below shows the historical “beat rate” for earnings per share by sector going back to 2001. As shown, 61.5% of the 143,000+ quarterly reports since 2001 have seen EPS come in higher than consensus analyst expectations. Looking at individual sectors, Technology stands out once again. Since 2001, tech’s historical earnings beat rate has been 67.1%, which is nearly 5 percentage points higher than the next closest sectors. Consumer Discretionary, Industrials, and Health Care are the only other sectors with EPS beat rates that are higher than the overall beat rate of 61.5% for all stocks. On the weaker end of the spectrum, Telecom has the lowest EPS beat rate at 49.8%, followed by Energy (54.4%), Utilities (56.0%), and Materials (56.9%). The chart above showed historical bottom-line EPS beat rates by sector, and the chart below shows historical top-line revenue beat rates. As shown, the revenue beat rate (% of companies that report actual revenues that are stronger than consensus analyst estimates) for all stocks reporting earnings since 2001 has been 60.0%, which is 1.5 percentage points lower than the historical EPS beat rate. Technology ranks at the top of the list again with a revenue beat rate of 68.4%. Real Estate, Financials, and Health Care are the other three sectors with revenue beat rates higher than 60%. Utilities has the weakest revenue beat rate at just 46.6%, while Materials, Energy, Telecom, and Consumer Staples are all below 56%. While Consumer Discretionary and Industrials have stronger-than-average EPS beat rates, they have weaker-than-average revenue beat rates. Below we offer a side-by-side comparison of EPS and revenue beat rates by sector since 2001: In addition to looking at historical earnings and revenue beat rates by sector, we can also look at how stock prices have historically reacted to their earnings releases. Below we show the average one-day stock price reaction to earnings releases by sector. (For stocks that report in the morning before the open, we use that day’s price change. For stocks that report after the close, we use the next day’s price change.) As shown, the average one-day stock price reaction for all 143,000 quarterly earnings reports since 2001 has been +0.08%. An average gain of 0.08% doesn’t seem like much but compounded over 143,000 reports, it adds up! Earnings ultimately drive the stock market. Looking at individual sectors shows that, on average, Industrials stocks have gained the most on their earnings reaction days (+0.20%), followed by Consumer Discretionary (+0.17%), and Technology (+0.13%). Two sectors have historically seen average share price declines on earnings reaction days — Energy and Utilities. Energy stocks have historically performed the worst in reaction to earnings with a one-day decline of -0.23%. Our final chart today looks at stock price volatility in response to earnings reports. In this chart, we show the average absolute one-day price change for stocks in response to their earnings releases. Overall, the average absolute one-day change for all stocks since 2001 has been +/-5.55%. This means investors can basically assume that in a diversified portfolio of stocks, the average holding will have a one-day move up or down of 5.55% at least once per quarter. While Technology stocks have the strongest earnings and revenue beat rates, they’re also the most volatile in reaction to their earnings reports. As shown below, the average Tech stocks moves +/-7.19% on its earnings reaction day. After Tech, Consumer Discretionary stocks are the second most volatile in response to earnings reports, followed by Health Care and Telecom. As expected, the least volatile stocks in reaction to their earnings reports are Utilities and REITs. Utility stocks see an average absolute move of just +/-2.16% on their earnings reaction days! If you’ve never used our popular Earnings Screener tool, we highly recommend trying it out! You can access it now with a two-week free trial to Bespoke Institutional. Energy’s Bounce Foretold Aug 24, 2018 What a difference a week can make. In our Chart of the Day on August 15th, we noted that extreme oversold conditions (over 3 standard deviations below the 50 day moving averages) in the Energy sector had historically been a bullish signal in the near-term. Below we include the key data from that note. As shown in the chart below, the 3.27% gain over the week following the close on the 15th was even stronger than the 1.82% average for historical Energy sector bounces. As of today, the Energy sector is up over 3.5% from the >3 standard deviations oversold close last week. As shown in the table above, the longer-term outperformance from the lows tends to deliver solid outperformance as well. Best and Worst S&P 500 Stocks on the Road to Nowhere Aug 21, 2018 Many are out making a big deal about the fact that the S&P 500 traded back to a new all-time high today, but the reality is that the S&P 500 has been ‘dead money’ for nearly seven months now. Along with the index itself being unchanged since late January, a very slight majority of stocks (256) in the S&P are lower now than they were on 1/26, and overall, the average change of the 500 individual stocks in the index since then is a decline of 0.35%. At the extremes, though, there have been some big winners and losers. We’ll start with the good news. The table below lists the 21 stocks in the S&P 500 that have gained more than 30% since the S&P 500’s 1/26 closing high. Topping the list of biggest winners is Chipotle (CMG), which has been on quite a run, gaining more than 57% even after taking a skid last week on reports of further health issues with customers eating their food. Right behind Chipotle, although it may not want to get too close, is AMD, which is up 56%. Behind these two leaders, two other stocks (XL Group and ABIOMED) are up over 50%. Other notable names on the list of biggest winners include Under Armour (UA) and Twitter (TWTR). Also worth pointing out is that besides Amazon.com (AMZN), none of the other FAANG stocks made the list. So much for the argument that FAANG stocks are the only ones going up. While there have been 21 S&P 500 stocks that have rallied 30% or more since 1/26, 12 stocks in the S&P 500 have lost more than 30% during that span. The biggest loser of them all has been Coty (COTY), which is down over 43%, including a drop of 7% today. L Brands (LB) is another big loser as it has seen its stock fall more than 37% since 1/26. Thankfully for most investors, there are not a lot of high-profile names on this list, but if you’re a holder of any of these names, it has definitely been a frustrating six months. The Real Longest Bull Market Ever Aug 20, 2018 We’ve read or heard a number of erroneous reports lately claiming that we’re about to set the record for the longest S&P 500 bull market on record. Since the S&P 500 made its last bull market closing high on January 26th, the bull market actually stopped aging on that date, and we’ve essentially been in limbo since. (You can read more on this topic in this post we published late last week.) But while the bull market for the S&P 500 really isn’t the longest on record, another major US index just set the record for its longest bull market ever. The Nasdaq 100’s current bull market has lasted 3,534 calendar days (from 11/20/08 through its most recent high on 7/25/18). As shown in the chart below, that’s easily its longest on record since the index began in 1985. While the current Nasdaq 100 bull is easily the longest on record, it’s still not the strongest. The 1990s bull that ran from October 1990 through July 1998 saw the index gain 787.37% before it eventually fell into a short bear market in July/August ’98. The current bull for the Nasdaq has only seen a gain of 624.41%. In addition to being in its longest bull market ever, the Nasdaq 100 is also in the midst of another record streak. As shown below, the index has now closed above its 200-day moving average for a record 536 trading days dating back to July 6th, 2016. That’s well above the 396-trading day streak that ended in May 2000 and the 451-trading day streak that ended in October 2014.
Stock Market Analysis Video for August 24th, 2018 Video from AlphaTrends Brian Shannon ShadowTrader Video Weekly 8.26.18 Video from ShadowTrader Peter Reznicek
Here are the current major indices pullback/correction levels from ATHs as of week ending 8.24.18- Here is also the pullback/correction levels from current prices- ...and here are the rally levels from current prices-
Stockaholics come join us on our stock market competitions for this upcoming trading week ahead!- ======================================================================================================== Stockaholics Daily Stock Pick Challenge & SPX Sentiment Poll for Monday (8/27) <-- click there to cast your daily market vote and stock pick! Stockaholics Weekly Stock Picking Contest & SPX Sentiment Poll (8/27-8/31) <-- 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!
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 8.27.18 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! Monday 8.27.18 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! Tuesday 8.28.18 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 8.28.18 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 8.29.18 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 8.29.18 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 8.30.18 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 8.30.18 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 8.31.18 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! NONE. Friday 8.31.18 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES! NONE.
And as promised here is the most anticipated earnings calendar for this upcoming trading week ahead- ($CRM $BBY $TIF $LULU $BILI $AMWD $DLTR $DKS $AEO $BOX $DSW $DG $NTNX $BNS $BJ $BURL $ANF $TD $ULTA $HPE $CPB $BMO $CTLT $BIG $CIEN $HAIN $EXPR $TLRY $PVH $SIG $KIRK $DY $JT $HEI $SFUN $ZUO $MOV $YRD $MIK $HRB $LCI $CHS $HOME $AMBA) If you guys want to view the full earnings post please see this thread here- Most Anticipated Earnings Releases for the week beginning August 27th, 2018 <-- click there to view!
Shooting at a video game tournament, for EA's Madden Football. https://www.bbc.com/news/world-us-canada-45315970 According to the Los Angeles Times, a gamer opened fire after losing, then killed himself. [yet] Local media report that at least four people have been killed, and at least 11 others are injured. So, games kill people? Maybe we see news start reporting that parents start trying to get their kids to play less video games. Might be safer to just play Real Football. Any thoughts on the video game culture?
It sounds like there will be an announcement later today or tomorrow, from Mexico regarding NAFTA. I can't imagine it will be positive news, given it will be a unilateral announcement. Markets are happy, right now. I'm not a short term trader so I don't attempt to predict a market response to the announcement but I imagine others will attempt to profit from this. Can anyone share some insight into this? Perhaps this will be a buying opportunity, at the very least?
NASDAQ hit 8K for the first time ever Let’s see if the SPX can hit 2.9K for the first time ever today also Anyway, surely feel like this market wants to go higher and set more new highs
Yeah I guess pretty normal after jumping nearly 1%, probably going to be pretty flat for rest of the day. My bet is we will see more new highs in the coming days and weeks
