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Stock market daily discussion for Apr 18th - 22nd

Discussion in 'Stock Market Today' started by StockJock-e, Apr 16, 2016.

  1. pftq

    pftq Member

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    Tech Trader's $PBR trade up another 7%; only Brazil name left and it's the strongest. Also just shorted $RIO on $1.6M in put buying, effectively betting both sides equally in Brazil now. The put activity is below. This is definitely a rotation from Tech Trader's massively long Brazil theme last month.

    https://www.techtrader.ai/wall/?date=1461304864&post=9314

    RIO 6/17/2016 32.5x Puts, [email protected]$1.7
    MV: $1.6M | $Not.: $11.9M | OI: 347 | 7.1% TotalOI
    32.3% StockVolume | 72.2% OptionVolume
    [​IMG]

    $PBR trade up a total 25% now.
    [​IMG]
     
    OldFart likes this.
  2. pftq

    pftq Member

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    Shorting $KIE (insurance) and $GOOG (Google) as well. Tech Trader getting pretty bearish on anything outside Healthcare and Energy now. Looks like we're basically looking at an across-the-board reversal (all the stuff that shot up getting shorted, things beaten down getting bought).

    https://www.techtrader.ai/wall/?date=1461306240&post=9315

    [​IMG]

    [​IMG]
     
  3. pftq

    pftq Member

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    Timeframe is probably a month or two on my end. The call activity my system caught is mainly targetting June on 45x strike, which is not that far off, but they also paid a big premium for it. $50 or above like you said seems to be what they're going for.

    EGRX 6/17/2016 45x Calls, [email protected]$4.5
    MV: $0.8M | $Not.: $3.0M | OI: 561 | 15.0% TotalOI
    34.8% StockVolume | 79.5% OptionVolume
     
  4. OldFart

    OldFart Well-Known Member

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    lol
     
  5. pftq

    pftq Member

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  6. OldFart

    OldFart Well-Known Member

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    IWM still green for some reason
     
  7. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    did another LABU day trade, today was a bit scary compared to my previous trades, luckily it was holding the 36.50 i entered in at, i got out at 36.77, i think im starting to get use to this little sucker. biotech has been seeing a bid under it the past week.
     
  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Have to be impressed with the strength of this market. Names like SBUX, MSFT, V, GOOGL, GE are all down after earnings and we had a lousy Manufacturing PMI this morning, and yet the markets are holding up pretty well
     
  9. duck mich

    duck mich Member

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    is the market giving a head fake ?
    I will see how it goes around 3:45
     
  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Yeah it's something.
    But when the utilities, cigarette, soup stocks started getting hit was it signalling risk on? Because the hits to SBUX/GOOGL/NFLX and even AAPL/FB are not showing people taking on risk in the big names.
    Seems like we just roll to beaten down sectors to keep things from falling apart. Now it's the banks, autos, and biotech.
     
    OldFart and stock1234 like this.
  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah, energy, financials, and healthcare have been pretty strong lately and they were beaten up
     
  12. pftq

    pftq Member

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    stock1234 likes this.
  13. Tiptopptrader

    Tiptopptrader Well-Known Member

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    The market is famous for giving head fakes. I like to see how a individual stock reacts under pressure from the market if I am interested in trading it. Makes it easier for me to pull the trigger if I like what I see
     
  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Could be a good trade, the BOJ meets next week and they will try hard to weaken the yen
     
  15. pftq

    pftq Member

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    Very interesting, thank you. It's always interesting to see what themes get implicitly picked up.
     
  16. StockJock-e

    StockJock-e Brew Master
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    Early movers: TWX, PCLN, ENR, GNRC, KSS, CBS, FCAU, Z & more
    http://www.cnbc.com/2016/05/04/early-movers-twx-pcln-enr-gnrc-kss-cbs-fcau-z-more.html


    Time Warner — Time Warner earned an adjusted $1.49 per share for the first quarter, 19 cents a share above estimates. Revenue was slightly above forecasts. The bottom line was helped by earnings growth at the HBO and Turner units.

    Priceline Group — The travel services website operator reported adjusted quarterly profit of $10.54 per share, outdistancing estimates of $9.65 a share. A 31 percent jump in hotel room night reservations was a key factor in Priceline's results. However, the company's current-quarter forecast is well below Street estimates.

    Energizer — The battery maker came in 5 cents a share above estimates with adjusted quarterly profit of 26 cents per share. Revenue was well above forecasts, as well. The company also increased its full-year outlook, as it benefits from stronger pricing in international markets and wider U.S. distribution.

    Generac — The maker of power generators reported adjusted quarterly profit of 46 cents per share, 4 cents a share above estimates. Revenue beat forecasts, as well. Generac did see a decline in its commercial market, but residential sales increased slightly compared to a year ago.

    Kohl's — RBC began coverage of the retailer with an "underperform" rating, saying Kohl's is more subject to secular pressure than its peers.

    CBS — CBS reported quarterly earnings of $1.02 per share, 8 cents a share above estimates. Revenue was slightly above forecasts. CBS was helped by a surge in ad spending, due in part to the Super Bowl, as well as the presidential campaign.

    Fiat Chrysler — The automaker has struck a partnership with Alphabet's Google unit to build a fleet of 100 self-driving minivans.

    Zillow — Zillow lost 13 cents per share for its latest quarter, 4 cents a share wider than expected, but revenue for the real estate website operator was higher than forecasts as its user base grew. Zillow also increased its revenue forecast for the full year.

    Etsy — Etsy earned 1 cent per share for its latest quarter, compared to the Street's forecast of a 2 cents per share loss. It was the handmade goods seller's first quarterly profit since it went public a year ago. Revenue was also well above estimates, and Etsy was able to slow growth in its marketing costs.

    Under Armour — Under Armour announced the departure of Chief Merchandising Officer Henry Stafford, effective in July, as will Chief Digital Officer Robin Thurston. The executive changes are mentioned in Brean Capital's downgrade of the athletic apparel maker's shares to "hold" from "buy."

    Match Group — Match Group reported quarterly earnings of 11 cents per share, 3 cents a share above estimates, while revenue was also above Street forecasts. The dating service website operator saw its paid member count rise 36 percent above a year ago to 5.1 million, primarily due to growth at its Tinder service.

    Illumina — Illumina missed estimates by 3 cents a share, with adjusted quarterly profit of 71 cents per share. The genetic sequencing company's revenue also missed estimates due to rising expenses for research and development. Illumina also lowered its full-year forecast due to rising expenses.

    Avis Budget — Avis Budget posted a 28 cents per share loss for its first quarter, 20 cents a share wider than analysts had been expecting. Revenue for the car rental company did match estimates, and its full-year revenue projection is above Street forecasts. The company said the first-quarter loss reflects "unusually soft pricing" in certain markets, as well as modest demand growth.

    Medivation — Medivation has been approached by Pfizer about a possible acquisition, according to Reuters. The cancer drug maker has already turned down a $9.3 billion by France's Sanofi, saying the bid undervalues Medivation.

    Target — Target is tightening deadlines, raising fines for late deliveries, and implementing several other steps regarding its suppliers, according to Reuters, as it tries to improve its competitive position against the likes of Wal-Mart Stores and Amazon.com.

    Cablevision — The planned acquisition of Cablevision by French telecom company Altice has been approved by the Federal Communications Commission. The $17.7 billion deal still needs the approval of New York State and New York City.

    Cedar Fair — Cedar Fair lost 87 cents per share for its latest quarter, a smaller loss for the amusement park operator than the $1.12 analysts had been forecasting. Revenue beat estimates, with the company citing strong results at its Knott's Berry Farm operation, among other factors.

    Anheuser-Busch InBev — The company saw profit dip to $844 million for its latest quarter, down from $2.3 billion a year ago, due in part to weak sales in Brazil for the beer brewing giant.
     
    OldFart and T0rm3nted like this.
  17. surfsup

    surfsup Active Member

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    Global markets are turning downward. Was going to post yesterday but decided not to. HSI, SSEC, NIKK, DAX all broke support (SSEC was the able to hold above until today). Chart below is not updated, down 85 pts to just above 2900 clearly under the 50. The difference between the two boxed areas? The latest blue box did not bounce as high and the 200 is heading downward.

    SSEC.PNG
     

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