Welcome Stockaholics to the trading week of June 12th! 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 2 p.m. Federal budget Tuesday FOMC meeting begins 6:00 a.m. NFIB survey 8:30 a.m. PPI Wednesday 8:30 a.m. Retail sales 8:30 a.m. CPI 10:00 a.m. Business inventories 2:00 p.m. FOMC Statement 2:30 p.m. Fed Chair Janet Yellen briefing Thursday 8:30 a.m. Initial claims 8:30 a.m. Import prices 8:30 a.m. Empire state manufacturing 8:30 a.m. Philadelphia Fed survey 9:15 a.m. Industrial production 10:00 a.m. NAHB survey 4:00 p.m. TIC data Friday 8:30 a.m. Housing starts 8:30 a.m. Business leaders 10:00 a.m. Consumer sentiment 12:45 p.m. Dallas Fed President Rob Kaplan
FANGtastrophe Strikes Stocks As Growth Gamble Gives Up After VIX Hits 24-Year Lows Been a while since we have been able to use this one... Something changed today - the incessant bid for growth disappeared and value outperformed dramatically... Small Caps soared again today, before getting dragged down with everything else... (but NASDAQ plunged - worst day since Brexit) - They tried to BTFD And Small Caps have still managed to rise for 3 straight weeks...The Dow managed to bounce back into the green towards the close on a big buy-biased MOC Small Cap Financials exploded higher in the last few days - the biggest jump since the election VIX hit a 24-year low before all hell broke loose spiking above 12, and its 50/100 DMA... At 9.37 lows today, this was the lowest VIX print since 1993... FANG stocks were slammed today...biggest down day since the election AMZN lost $17B in mkt cap in about 5 seconds. Not helped this note from Goldman... AMZN had a fun afternoon... NVDA faded when Citron's Andrew Left called the crazy-AI/VR/Chip/All-Things-To-All-People company a "casino stock" Tech tumbled as Energy and Financials surged... Treasury yields rose for the 3rd day in a row - pushing higher on the week, erasing the gains from payrolls...but the tech plunge into the close sent yields back lower... The Dollar Index ended the week unchanged despite chaotic swings in Cable, EUR, and AUD... Cable retraced most of its post-My-Snap-Election gains aftet last night's disappointment... Bitcoin had another big week (+16.7%) - up 8 weeks in a row - mainly driven by early week gains.. WTI/RBOB bounced modestly today ended the week ugly... Silver and Gold were down on the week... There's this... While we have heard every excuse for why this ratio is not relevant, we can't help but wonder how this is anything but a caution sign... And finally there's this...
Spoiler: Weekend Reading: The Everything Bump Authored by Lance Roberts via RealInvestmentAdvice.com, I received an email this morning that is symptomatic of the current psychology prevailing in the market currently: “It seems to me like much of the market movement these days due by the huge increase in algo-driven trading and also by direct or indirect CB intervention. Every time you see the market dip, even just a little, you get what seemingly used to be a rare, V-shape rally. It’s like a shot of liquidity hits the market at just the right time or right technical level, the algos hit it, and the market just shoots higher. We don’t even get a 5% drop anymore.” It certainly does seem that way. As I posted just last week, the reinvestment of the Fed’s balance sheet has certainly been very well timed. Each time the market has stumbled, the Fed has been there to provide the “safety net.” But it hasn’t been just stocks “on a run” as of late, but bonds as well. Interestingly, despite the current exuberance of earnings growth, expectations of “Trumponomics,” and a “hawkish” Fed hiking rates, the bond market continues to reflect weak economics, sliding inflation and concern about legislative progress. Economic data is not buying it either. Headline after headline, as of late, has continued to disappoint from new and existing home sales, to autos, to inventories and now employment. This also put the Fed at risk of further rate hikes this year as noted on Thursday: “It appears traders are losing faith in the rest of the year as the odds of a hike occuring in December is now above that of September (as both drop to around 25%). As economic data has crashed since The Fed hiked rates in March, so the markets expectations has dropped to just 1.44 rate-hikes this year (one in June guaranteed), well below The Fed’s guidance of 2 more rate-hikes minimum.” Of course, while the mainstream media continues to espouse the “just buy everything” mantra, it certainly seems that CEO’s are paying more attention to the collapse in the economic data. Just something to think about because “the everything bump” typically doesn’t last long. In the meantime, here is what I am reading this weekend. Politics/Fed/Economy U.K. Election, Outsider Looking In by Danielle Dimartino-Booth via MoneyStrong In Washington, Glass-Steagall Is “Half Full” by Nomi Prins via The Daily Reckoning What You Should Know About QT by Craig Wilson via Daily Reckoning No Workers = No Growth by Scott Sumner via The Money Illusion Confirmation Bias Gives Fed Answer It Wants by Caroline Baum via MarketWatch Is The Unemployment Rate Real by Derek Thompson via The Atlantic 93% Of Employment Gains Are “B.S.” by Morninghill Capital via RIA Why Aren’t Teenagers Working Anymore? by Ben Steverman via Bloomberg If Jobless Rate So Low, Why Do Americans Feel Bad by Alia Dastagir via USA Today Global Recovery’s Downside Risk by Nouriel Roubini via Project Syndicate Signs Of Something, Just Not Wages by Jeffrey Snider via Alhambra Partners Economic Forecasting Very Much Broken by Narayana Kocherlakota via Bloomberg View Indestructible Notion Of Basic Income by Jesse Walker via Reason Economic Policies That Lead To Dispirited Class by Jeff Harding via An Independent Mind Markets The Greatest Bubble Ever by Akin Oyedele via BI If Bonds Are Right, Stocks Could Drop By 20% by Tyler Durden via ZeroHedge The S&P Has Only Done This 8-Times by The Heisenberg via Talk Markets The Bubble That Could Break The World by James Rickards via Daily Reckoning Bull Market Will Top Out In 2018 by Michael Sincere via MarketWatch Massive Oil Price Problem In Middle East by Ishac Diwan via Project Syndicate There’s Danger At Door When Markets Lose Focus by Tad Rivelle via TCW Small Caps Have Key To Market by Michael Kahn via Barron’s The $100 Trillion Question by Enda Curran via Bloomberg What NOT To Buy In Today’s Market by Vitaliy Katsenelson via Contrarian Edge Bulls Tightening Grip On Market by Avi Gilburt via MarketWatch How Companies Fib About Earnings by John Crudele via NY Post Research / Interesting Reads “Largest Arms Deal In History” = #FakeNews by Wolf Richter via Wolf Street Draghi Won’t Stop Until 2% by Peter Boockvar via The Boock Report The Economy Looks Grim by Ray Dalio via Savvy Investor Albert Edwards: The Coming Ice Age by Tyler Durden via ZeroHedge Public Policy, Profits, & Populism by Chris Brightman via Research Affiliates “Medicare For All?” – Glad You Asked by Megan McArdle via Bloomberg Understanding Today’s Secular Stagnation by Robert J Shiller via Project Syndicate This Is How Many Jobs Will Be Lost To Robots by Sue Chang via MarketWatch 68% Of Young Expect Inheritance by Ester Bloom via CNBC Debt Limit Nightmares Coming True? by Brian Beutler via The New Republic American’s Face $13 Trillion Debt Hangover by Matt Scully via Bloomberg Unhealthy Habits Could Destroy Your Retirement by Kelli Grant via CNBC Facebook Is Broken by Jon Evans via Tech Crunch Three Factors About The Market by John Hussman via Hussman Funds Should You “Bank” On This Divergence? by Dana Lyons via Tumblr Learn How To Avoid Annihilation by Jesse Felder via The Felder Report “The difference between playing the stock market and the horses is that one of the horses must win..” – Joseph Abramowitz
Here are the percentage changes for the major indices for WTD, MTD, QTD & YTD thus far in 2017- S&P sectors for the past week-
June Option Expiration Can Be Treacherous The second Triple Witching Week of the year brings on some volatile trading with losses frequently exceeding gains. On Monday of Triple-Witching Week the DJIA has been down twelve of the last twenty years. Triple-Witching Friday is better, up nine of the last fourteen years, but weaker over the past 24 years, up thirteen, down eleven with an average loss of 0.24%. Full-week performance is choppy as well, littered with greater than 1% moves in both directions. The week after Triple-Witching Day is horrendous. This week has experienced DJIA losses in 24 of the last 27 years with an average decline of 1.10%. S&P 500 and NASDAQ have fared slightly better during the week after over the same 27 year span, declining 0.76% and 0.29% respectively on average. Post-Election-Year Seasonal Pattern Charts Update: Tracking the Seventh Year of Decades With the first five months of 2017 officially in the record books we have updated our 1-Year Seasonal Pattern Charts of Seventh Years of Decades, Post-Election Years, Newly Elected Republican Administrations, All New Elected Administrations and 2017 year-to-date. As of yesterday’s close, DJIA, S&P 500 and NASDAQ were all within a few percentage points of reaching the historical average highs. All three indices are well above typical Post-Election year performance and the performance of past Newly Elected Republican Administrations. The pattern they appear to be following most closely is that of Seventh Years of Decades. This pattern is heavily influenced by 1987 with a peak in early August for DJIA, late-July for S&P 500 and October for NASDAQ. A repeat of 1987 is not that likely, but some weakness over the coming summer months is expected. Little actual progress has been made with healthcare or tax reform, the Fed is poised to hike rates again and Congress still needs to address the federal debt limit. Any misstep by the Fed or letdown from Washington could easily derail this year’s strong advance. Above Average 1st 5 Months Increases Probability of Further Gains The S&P 500’s 7.7% gain in the first five months of 2017 was rather impressive and bodes well for the rest of 2017. Despite all the current market difficulty factors on several fronts from geopolitics to economics to valuations to technicals to seasonals, this sort of outperformance in the first five months of a year has been a solid indication of further gains. It’s no guarantee, but of the other 33 years since 1950 where the S&P 500 was up more than the average 4.0% in the first 5 months, the next seven months suffered losses only 5 times for a win ratio of 84.8%. 1987 is the standout last 7-month loser and 2011 was the only one of the top 33 to give it all back. While the next several months are bound to be less easy for stocks, this is another feather in the cap of the bulls. How Does the Current Rally Stack Up? Jun 9, 2017 Ever since last February’s “Dimon Bottom” where JP Morgan CEO Jamie Dimon’s purchase of stock in his bank has come to symbolize the low of the late 2015/early 2016 market sell-off, US equities have been on a practically uninterrupted run higher. While there have been bumps along the way, the S&P 500 hasn’t seen a 10% correction at any time in the last 16 months, rallying more than 33%. With the current rally lasting 477 calendar days, it ranks as the eleventh longest run in the S&P 500 without a 10% correction since 1928. In the table below, we list each of the ten longest rallies without a correction as well as how much the S&P 500 declined in the following correction. If the current rally is going to crack the top ten, it has a lot of work to do on the upside. At 477 days, the S&P 500 would need to go another 173 days before reaching a short-term peak. That would take the current run past Thanksgiving! Another thing to note is that just as the ten prior rallies lasted much longer, they were also considerably stronger. In fact, the average and median gain during the ten prior rallies that went longer without a correction was more than 90%! Looking ahead, you would think that the harder they run, the harder they fall. In actuality, though, the average decline in the correction that followed the ten prior rallies was a decline of 15.7% over 142 days. Compared to all corrections since 1928 where the average decline was 19.5%, these corrections may have lasted longer but their intensity was not as strong. Finally, how overdue are we for a correction? Since 1928, there have been 95 10%+ corrections for the S&P 500. While corrections tend to come at irregular intervals, that works out to about one every eleven months. That would make the S&P 500 currently about six months overdue for a correction. Nasdaq 100 Versus 2000 Dot Com Peak Jun 7, 2017 The Tech-heavy Nasdaq 100 is up more than 20% year-to-date, and as shown in the chart below, the index is now 24.8% above its Dot Com bubble peak hit on March 27th, 2000. In the mid to late 2000s, there were plenty of investors that thought they wouldn’t live to see the Nasdaq take out its Tech-bubble highs, but the index’s surge over the last year has made it a reality. While the Nasdaq 100’s chart looks pretty gorgeous right now, we can’t help but wonder when the next downturn will come. Remember, stocks do go down sometimes! Since 1990, the Nasdaq 100 is up nearly 5x as much as the S&P 500 in terms of simple price appreciation. Talk about outperformance. Below is a look at the best and worst performers in the Nasdaq 100 (current members) since the Dot Com peak on March 27th, 2000. One fifth of the index is up more than 1,000% since those prior highs, including names like Apple (AAPL), NVIDIA (NVDA), Amazon.com (AMZN), and Starbucks (SBUX). Even more interesting to us is that 15 stocks in the index still haven’t taken out their Dot Com bubble highs. Stocks like Cisco (CSCO), Yahoo! (YHOO), and Intel (INTC) are all still 50%+ below their 3/27/00 price levels. Is Another Black Monday Coming? Posted by lplresearch Tomorrow is the 29-year anniversary of the crash of 1987. After the dust settled, the S&P 500 fell an incredible 20.5% on Monday, October 19, 1987, for the single worst day ever for the index – earning the well-deserved nickname Black Monday. The Dow dropped 22.6% on Black Monday, the worst drop ever out of the 29,634 trading days since 1900 – topping the 20.5% World War I-induced drop on December 14, 1914. To put things in perspective, going back 115 years, only 10 times (and only twice since 1938) has the Dow closed down more than 22.6% for the entire year – let alone a single day. Here’s where things get interesting. A chart has been circulating trading desks recently that compares 1987 and 2016. As you can see below, the two are somewhat similar and should history repeat, a big drop would be due soon. Could this happen? Anything is possible – but there are some major differences between now and ’87. Going back to ’87, there are still arguments over exactly what ‘caused’ the crash. The bottom line is ’87 saw a near vertical start to the year and was up close to 40% for the year at the start of September. In other words, stocks were extremely stretched – making a large pullback much more likely. Now compare that with what this year has done versus ’87, but taking a look at the year-to-date percentage returns instead. This shows a totally different story and diffuses much of the worry about a coming 20% drop. According to Senior Market Strategist Ryan Detrick, “Charts that compare one year to another pop up every few years and cause a lot of excitement. Who could forget the ‘now is just like ’29 charts’ we saw in early 2014? The bottom line is no two years are ever the same and to suggest they are is uninformed.”
ShadowTrader Video Weekly 6.11.17 - FANG gets defanged Video from ShadowTrader Peter Reznicek Stock Market Analysis for Week Ending 6.9.17 Video from AlphaTrends Brian Shannon
Stockaholics come join us in our weekly market poll and vote where you think the markets will end this upcoming week ahead!- Weekly SPX Poll - Sentiment (6/12-6/16) <-- click there to cast your weekly vote for this upcoming week! In addition we have our weekly stock picking challenge now up and running as well!- Stockaholics Weekly Stock Picking Contest for the Week of (6/12-6/16) <-- click there to post your weekly picks for this week! We also now have a daily stock picking & market direction guessing challenge running here!- Stockaholics Daily Stock Pick Challenge & SPX Sentiment Poll for Monday (6/12) <-- click there to cast your daily vote & stock pick for Monday! It would be pretty awesome to see some of you join us and participate on these. I hope you all have a fantastic weekend ahead!
Here are the most anticipated ERs for this upcoming week ahead (I'll also have the earnings chart posted in here as well once it's ready) ***Check mark next to the stock symbols denotes confirmed earnings release date & time*** Monday 6.12.17 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! Monday 6.12.17 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! Tuesday 6.13.17 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! NONE. Tuesday 6.13.17 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 6.14.17 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 6.14.17 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 6.15.17 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 6.15.17 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 6.16.17 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! NONE. Friday 6.16.17 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES! NONE.
This might finally come into some use? Or will it? Here are the current pullback/correction levels as of this week ending-
Very light week for ERs this week...nevertheless here are the most anticipated earnings releases for this upcoming week ahead: ($KR $FNSR $SAIC $JBL $CPST $BPMX $BOBE $TAX $APPS $YGE $MPAA $LEJU $DDC $HLNE $LITB $CRWS $LAKE $CSWI $SOL) Kroger Co. $30.78 Kroger Co. (KR) is confirmed to report earnings at approximately 7:45 AM ET on Thursday, June 15, 2017. The consensus earnings estimate is $0.57 per share on revenue of $35.48 billion and the Earnings Whisper ® number is $0.58 per share. Investor sentiment going into the company's earnings release has 57% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 18.57% with revenue increasing by 2.53%. Short interest has increased by 16.9% since the company's last earnings release while the stock has drifted higher by 0.6% from its open following the earnings release to be 2.0% below its 200 day moving average of $31.40. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, May 25, 2017 there was some notable buying of 11,011 contracts of the $31.00 call expiring on Friday, June 16, 2017. Option traders are pricing in a 6.1% move on earnings and the stock has averaged a 3.4% move in recent quarters. Finisar Corporation $25.04 Finisar Corporation (FNSR) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, June 15, 2017. The consensus earnings estimate is $0.50 per share on revenue of $367.17 million and the Earnings Whisper ® number is $0.52 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 $0.50 to $0.56 per share on revenue of $360.00 million to $380.00 million. Consensus estimates are for year-over-year earnings growth of 78.57% with revenue increasing by 15.17%. Short interest has decreased by 27.0% since the company's last earnings release while the stock has drifted lower by 14.0% from its open following the earnings release to be 11.7% below its 200 day moving average of $28.36. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, June 6, 2017 there was some notable buying of 1,559 contracts of the $27.00 put expiring on Friday, September 15, 2017. Option traders are pricing in a 13.7% move on earnings and the stock has averaged a 14.6% move in recent quarters. H&R Block Inc. $26.19 H&R Block Inc. (HRB) is confirmed to report earnings at approximately 4:15 PM ET on Tuesday, June 13, 2017. The consensus earnings estimate is $3.51 per share on revenue of $2.32 billion and the Earnings Whisper ® number is $3.54 per share. Investor sentiment going into the company's earnings release has 58% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 11.08% with revenue increasing by 0.98%. Short interest has increased by 33.9% since the company's last earnings release while the stock has drifted higher by 14.8% from its open following the earnings release to be 12.6% above its 200 day moving average of $23.26. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, May 23, 2017 there was some notable buying of 1,045 contracts of the $24.00 put expiring on Friday, June 16, 2017. Option traders are pricing in a 9.7% move on earnings and the stock has averaged a 10.5% move in recent quarters. Science Applications International Corporation $77.05 Science Applications International Corporation (SAIC) is confirmed to report earnings at approximately 4:05 PM ET on Monday, June 12, 2017. The consensus earnings estimate is $1.04 per share on revenue of $1.11 billion and the Earnings Whisper ® number is $1.05 per share. Investor sentiment going into the company's earnings release has 60% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 30.00% with revenue decreasing by 8.64%. Short interest has decreased by 40.1% since the company's last earnings release while the stock has drifted lower by 4.9% from its open following the earnings release to be 0.1% below its 200 day moving average of $77.10. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 8.6% move on earnings and the stock has averaged a 6.6% move in recent quarters. Jabil Circuit, Inc. $31.04 Jabil Circuit, Inc. (JBL) is confirmed to report earnings at approximately 4:00 PM ET on Wednesday, June 14, 2017. The consensus earnings estimate is $0.29 per share on revenue of $4.41 billion and the Earnings Whisper ® number is $0.32 per share. Investor sentiment going into the company's earnings release has 55% expecting an earnings beat The company's guidance was for earnings of $0.19 to $0.39 per share. Consensus estimates are for year-over-year earnings growth of 38.10% with revenue increasing by 2.30%. Short interest has increased by 50.5% since the company's last earnings release while the stock has drifted higher by 14.8% from its open following the earnings release to be 23.7% above its 200 day moving average of $25.09. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, June 9, 2017 there was some notable buying of 710 contracts of the $33.00 call expiring on Friday, June 16, 2017. Option traders are pricing in a 7.4% move on earnings and the stock has averaged a 6.0% move in recent quarters. Capstone Turbine Corporation $0.69 Capstone Turbine Corporation (CPST) is confirmed to report earnings at approximately 4:20 PM ET on Tuesday, June 13, 2017. The consensus estimate is for a loss of $0.12 per share on revenue of $21.38 million and the Earnings Whisper ® number is ($0.11) per share. Investor sentiment going into the company's earnings release has 10% expecting an earnings miss. Consensus estimates are for year-over-year earnings growth of 52.00% with revenue increasing by 13.32%. Short interest has increased by 52.9% since the company's last earnings release while the stock has drifted lower by 5.5% from its open following the earnings release to be 51.5% below its 200 day moving average of $1.42. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 7.5% move on earnings in recent quarters. BioPharmX Corporation $0.51 BioPharmX Corporation (BPMX) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, June 13, 2017. The consensus estimate is for a loss of $0.07 per share on revenue of $30.00 thousand. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 58.82% with revenue decreasing by 9.09%. Short interest has increased by 128.4% since the company's last earnings release while the stock has drifted lower by 5.6% from its open following the earnings release to be 23.1% below its 200 day moving average of $0.66. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 12.9% move on earnings in recent quarters. Bob Evans Farms Inc. $71.35 Bob Evans Farms Inc. (BOBE) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, June 15, 2017. Investor sentiment going into the company's earnings release has 18% expecting an earnings beat. Short interest has decreased by 64.0% since the company's last earnings release while the stock has drifted higher by 28.3% from its open following the earnings release to be 34.1% above its 200 day moving average of $53.21. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, June 6, 2017 there was some notable buying of 5,000 contracts of the $40.00 call expiring on Friday, June 16, 2017. Option traders are pricing in a 6.9% move on earnings and the stock has averaged a 5.1% move in recent quarters. Liberty Tax, Inc. $12.55 Liberty Tax, Inc. (TAX) is confirmed to report earnings at approximately 6:30 AM ET on Wednesday, June 14, 2017. The consensus earnings estimate is $2.46 per share on revenue of $113.20 million. Investor sentiment going into the company's earnings release has 52% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 6.03% with revenue increasing by 8.41%. Short interest has decreased by 16.7% since the company's last earnings release while the stock has drifted lower by 20.1% from its open following the earnings release. Overall earnings estimates have been revised lower since the company's last earnings release. Digital Turbine, Inc. $1.04 Digital Turbine, Inc. (APPS) is confirmed to report earnings at approximately 4:15 PM ET on Wednesday, June 14, 2017. The consensus estimate is for a loss of $0.09 per share on revenue of $21.17 million and the Earnings Whisper ® number is ($0.09) per share. Investor sentiment going into the company's earnings release has 63% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue decreasing by 8.08%. Short interest has decreased by 20.8% since the company's last earnings release while the stock has drifted higher by 38.7% from its open following the earnings release to be 51.8% below its 200 day moving average of $2.16. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 4.0% move on earnings in recent quarters.
so what's on everyone's radar heading into this trading week besides the fomc rate announcement? also, speaking of that fed rate announcement, i nearly forgot to have this thread posted in here- Fed Poll: Do you think the June 14th FOMC meeting will mark the final FED hike of 2017? <-- click there to case your vote! ^^ that poll will close up this wedenesday (the day of the fed announcement).
Well, while all yall watch the fireworks show, ill stay inside and keep an eye on consumer staples for ya Its a boring job, but someone has to do it... and im tied up in it anyway Friday put some effort into the sector, but failed to produce result... that little doji lookin bar with all that volume under it whispers absorption.
Tech will be fun to watch, will see the selloff continues or people are gonna buy the dips. Will be interesting to see whether the banks will continue to run into the FED announcement too
banks might run up into fed and sell off like they did the last time they raised rates. looks like tech getting slammed early morning here. apple downgraded.
Yeah I guess it depends on how hawkish or dovish the FED will be. The PPI tomorrow and the CPI on Wednesday will be something to watch for
Tech stocks having another bad day, but at least not every tech stocks on my watchlist are in the red like last Friday AAPL and NFLX are having a really bad day though
chop chop ... outside of that opening gap down this morning ... markets been holding pretty steady around these levels ... thinking we'll just chop it up here until at least wednesday's fomc rate hike announcement ... unless some other unexpected headline hits out of left field
If the FED is hawkish on Wednesday and cause the yields to surge, I am thinking we might continue to see money coming out of tech and into financials
i know alot of shareholders hated inmelt, because he never raised the dividend properly per year, lets see if GE can get back to being a dividend growth stock.
