Stock Market Today: April 24th - 28th

Welcome Stockaholics to the trading week of April 24th!

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: Alcoa, Newmont Mining, Kimberly-Clark, Illiinois Tool Works, Hasbro, Halliburton, Whirlpool, Express Scripts, Ameriprise, Range Resources, Canadian National Railway, J&J Snack Foods, Owens-Illinois, Crane

11:30 a.m. Minneapolis Fed President Neel Kashkari

3:15 p.m. Minneapolis Fed's Kashkari

• Tuesday

Earnings: Caterpillar, 3M, Coca-Cola, McDonald's, Dupont, Eli Lilly, Novartis, AutoNation, Baker Hughes, SAP, Biogen, AT&T, Lockheed Martin, PulteGroup, Freeport-McMoran, JetBlue, AK Steel, Polaris, Paccar, Valero Energy, Xerox, TransUnion, Arconic, Capital One, Chipotle Mexican Grill, Discover Financial, U.S. Steel, Juniper Networks, Stryker, Panera Bread, United Health Services, Valvoline

9:00 a.m. S&P Case-Shiller home prices

9:00 a.m. FHFA home prices

10:00 a.m. New home sales

10:00 a.m. Consumer confidence

• Wednesday

Earnings: Boeing, Daimler, Fiat Chrysler, Pepsico, United Technologies, GlaxoSmithKline, Anthem, Alaska Air, Northrop Grumman, General Dynamics, Dr. Pepper Snapple, Hershey, Norfolk Southern, State Street, Credit Suisse, Hess, Seagate Technology, Twitter, Nasdaq, Amgen, Paypal, F5Networks, Tractor Supply, Buffalo Wild Wings, Boston Beer, SixFlags, CR Bard, Whiting Petroleum, Suncor

• Thursday

Earnings: Alphabet, Microsoft, Intel, Amazon.com, Raytheon, Baidu, Starbucks, Expedia, Comcast, Bristol-Myers Squibb, Flex, GoPro, Western Digital, Vertex , Sirius XM Radio, Under Armour, American Airlines, Southwest Air, MGM Growth, Generac, Domino's Pizza, CME Group, KKR, Johnson Controls, Union Pacific, UPS, Total, Celgene, Deutsche Bank, Alexion Pharma, Nintendo, AbbVie, Bayer, Air Products

7:45 a.m. ECB rate decision

8:30 a.m. ECB President Mario Draghi press briefing

8:30 a.m. Jobless claims

8:30 a.m. Durable goods

8:30 a.m. Advance econ indicators

10:00 a.m. Pending home sales

10:00 a.m. Housing vacancies

• Friday

Earnings: Exxon Mobil, Chevron, Colgate-Palmolive, Honda Motor, Barclays, UBS, Sony, Synchrony Financial, Spirit Airlines, Autoliv, Sanofi, Spirit Airlines, Goodyear Tire, Calpine, Cabot Oil and Gas, Phillips 66, Weyerhaeuser

8:30 a.m. Q1 adv Real GDP

9:45 a.m. Chicago PMI

10:00 a.m. Consumer sentiment

2:30 p.m. Philadelphia Fed President Patrick Harker

 

Stocks Surge On The Week As Investors Shrug Off France Fears, Crude Carnage, & Macro Massacre
Seriously!!


Stocks soared on the week... (2nd biggest short-squeze in 4 months)

• Trannies (orange) best week in 4 months
• Small Caps (red) best week in 4 months
• Nasdaq (black) best week in 2 months
• S&P (green) best week in 2 months
• Dow (blue) best week in 7 weeks

Seemingly completely ignorant of the fact that this week saw the biggest drop in US Macro data in 6 years...





'Soft' Data suffered the worst week since August and 'Hard' Data tumbles for the 3rd week in a row, remaining well below pre-Trump levels...





VIX saw its biggest weekly drop (over 1ppt) since the first week of January...



Interestingly most of the rally from "greatest tax cut ever" from Trump was erased by the close...even as VIX was pressured





The Dollar Index ended the week lower, buffetted up and down by various comments from Trump, Mnuchin, and Stan Fischer... This was the lowest weekly close for the dollar since the election.





Cable was the strongest against the greenback (on May's surprise election news) and CAD weakest (energy dump)...





Despite Equity strength, Treasury yields ended the week lower (with 30Y worst at unchanged)...seles active inthe US day session all week





Despite the USD ending the week lower, commodities were sold...





Especially industrials...





Crude suffered its biggest weekly drop since early March, back below $50; and RBOB tumbled over 9% - its worst week since Sept 2016...





Gold was hit into the London Fix every day this week (Monday holiday but machines still hit it)





And back to where we started...

 

Spoiler: Weekend Reading: Trump Trade Runs Into Trouble

Authored by Lance Roberts via RealInvestmentAdvice.com,

On Tuesday, I discussed the issuance of the “weekly sell” signal and the implications for the markets over the intermediate term. However, I also stated the markets could well have a reflexive, oversold, bounce in the short-term with two potential outcomes. To wit:

By the time weekly signals are issued on an intermediate-term basis, the market is generally oversold, with ‘bearish’ sentiment increasing, on a short-term (daily) basis. Given those short-term conditions, it is quite likely the markets will rally next week.”

Chart updated through Thursday.


Of course, it is the success or failure of that rally attempt that will dictate what happens next but with the markets currently oversold, I fully expect the markets to rally in the short-term given even the most modest of positive news. For example, as what drove the spike yesterday as news filtered into the market a deal on the ACA repeal may be forming. Via HuffPo:

“GOP moderates and conservatives are nearing a deal on health care that in theory could get the Republican alternative to the Affordable Care Act out of the House and over to the Senate.”

And Steve Mnuchin’s comments on CNBC about the potential of tax reform.

“The Trump administration is close to bringing forward major tax reform, and will unveil a plan very soon.”

While the markets continue to buy into the “jawboning” for now, the economic and political realities are becoming a real risk for the markets. Furthermore, the potential for successful tax reform will be much more difficult than most are currently expecting.

Then there is the “debt ceiling” debate.

When Congress resumes next week, they will immediately pass a “One-Week Continuing Resolution” in order to buy time needed to negotiate a “CR” for the rest of the 2017 fiscal year through August. However, this negotiation will likely come at a “cost” of funding previous ACA requirements and “Planned Parenthood” which many Congressional Republicans strongly oppose.

Again, this is going to further delay “tax reform and cuts” which is what has been the driver of the market rally since last November. Therefore, the question remains:

“How much time does the Administration have to make good on its promises?”

While I do suspect there is a reasonable opportunity for the market rally to continue in the short-term, even potentially setting new highs, there are numerous issues stacking up which could lead to a market stumble this summer.

Which, historically speaking, is likely what the “weekly sell signal” in the markets is currently predicting.



As I stated last week: Pay attention….things are getting interesting.

In the meantime, here is what I am reading this weekend.

Trump/Fed/Economy

• America’s Gilded Age On The Rocks – Part II by Danielle DiMartino-Booth via Money Strong
• Fed’s Rosengren: Fed’s Balance Sheet Used In Next Recession by Tyler Durden via ZeroHedge
• American Hiring Seems Frozen by Elena Holodny via BI
• Nearly Impossible To Repeal & Replace ACA Next Week by Bob Bryan via Business Insider
• Fed’s Only Possible Reason To Raise Rates Is Vanishing by Pedro Da Costa via BI
• Anything President, Everything Bubble by David Stockman via The Daily Reckoning
• Infrastructure Spending Is Crucial by Jonathon Trugman via NY Post
• Trump Bump Turns To Speed Bump by Conrad de Aenlle via NT Times
• Trump: End The West-Wing War & Focus On Growth by Ralph Benko via Forbes
• Tough Road Ahead For “Made In America” by Nick Carey via Reuters
• History Doesn’t Bode Well For Tax Reform by Steve Goldstein via MarketWatch
• Risk The Fed Misinterprets Bond Yields by Tim Duy via Fed Watch
• Why Government Spending Is A Disaster by John Crudele via NY Post
• Why Are Republicans Making Tax Reform So Hard by Steve Forbes via Forbes
• CBO Indicates Importance Of Deficit Reduction by James Capretta via AEI

Markets

• Is The US Market At A Major Inflection Point by Financial Sense
• Is Gold’s Comeback Just A Tease? by Michael Kahn via Barron’s
• Next Stop For 10-Year Is 1.5% by Sunny Oh via MarketWatch
• I’m Not Short Simply Because This Bull Won’t Die by Doug Kass via Real Clear Markets
• A Catalog Of Investing Errors by Timarr via Psy-Fi Blog
• Markets Start To Ponder $13T Gorilla by Curran, McCormick & Lam via Bloomberg
• Contrarian: Why The S&P 500 Is NOT Overvalued by Michael Kramer via Investopedia
• Thoughts On Inflation, Rates & Fed by David Kotok via Cumberland Advisors
• Is The Market Ignoring The Peril Ahead? by Robin Wigglesworth via FT
• Bond Yields Follow Economic Data by Bryce Coward via GaveKal Capital

Research / Interesting Reads

• Meltdown In Houston AutoMarket Has An Eerie Past by Wolf Richter via Wolf Street
• The Demographics Of Our Future by Jeffrey Snider via Alhambra Partners
• Why Didn’t Sentiment Translate Into Action? by Caroline Baum via MarketWatch
• Dumb And Dumber-er by The Heisenberg via Seeking Alpha
• Wall Street Is Changing How It Trade ETF’s by Joe Ciolli via BI
• Why We Think We’re Better Investors Than We Are by Gary Belsky via NY Times
• Larry Fink Q&A by Erik Schatzker via Bloomberg
• Lines In The Sand by Howard Marks via OakTree Capital
• Vanguard Growing Faster Than Everyone Else Combined by Landon Thomas via NY Times
• The Seismic Shift Into ETF’s by Lewis Braham via CNBC
• It Costs $409 Billion To Figure Out Our Taxes by IBD
• Retail Apocalypse Ripping Through Economy by Hayley Peterson via BI
• The Value Of “Dry Powder” by John Hussman via Seeking Alpha
• Are Bonds Headed Back To Extraordinary Lows by Dana Lyons via Tumblr
• How The Passive Indexing Mania Went Awry by Jesse Felder via The Felder Report

“The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions.” – Seth Klarman

 

Here are the percentage changes for the major indices for WTD, MTD, QTD & YTD thus far in 2017-


S&P sectors for the week-

 

Where Does The Trump Rally Rank After 100 Days?
Posted by lplresearch

President Trump’s 100th day in office is right around the corner on April 29. This coincides with a potential government shutdown; so all of this, coupled with the French elections this weekend, could make the remaining weeks of April quite interesting.

We’ve heard the question many times: Where does the Trump rally rank? That is what we will look at today. The term “hundred days” was first used on July 24, 1933, on the radio by President Franklin D. Roosevelt. He was discussing the 100-day session of the 73rd U.S. Congress, but over time this term has changed to refer to the first 100 days of a new president.

Per Ryan Detrick, Senior Market Strategist, “The Dow over the first 100 days has been higher with the past five presidents by 4.6% on average, and the Dow is currently up 2.9% since President Trump took office. With a median return of 2.7%, this would rank near the middle of the pack for all presidents going back to 1900. Most might find that surprising, but of course, much of the Trump rally took place prior to his inauguration, and those gains don’t count in this case.”



What can we glean from those first 100 days? Is there any pattern that might suggest how stocks will do during the rest of the time Trump is in office? You can look for yourself below, but there doesn’t appear to be any clue as to what might happen. President Eisenhower had a weak first 100 days, then a big rally over the remainder of his time in office. Conversely, President Taft saw a big rally during the first 100 days, only to have negative returns for the remainder of his time in office. In the end, fundamentals, valuations, and technicals drive long-term equity returns. The good news is only once since the Great Depression did that mean lower returns for the remainder of time in office after the first 100 days.


What Could A Government Shutdown Mean For Equities?
Posted by lplresearch

Although we consider it unlikely, the U.S. government could shut down later this month for the first time since 2013 if a must-pass spending bill does not clear Congress. Shutdowns have been rare the past two decades, but they happened quite often in the ‘70s and ‘80s. Per Ryan Detrick, Senior Market Strategist, “There has been slight underperformance on average during times of a shutdown, but recent history suggests markets look past Washington’s squabbling, regardless of the length of a shutdown. The previous two shutdowns in 1995/1996 and 2013 did little to slow down those bull markets, despite each lasting more than two weeks.”



Two final things to consider:

• The last two times a government shutdown happened when Republicans controlled both the House and Senate (as they do now), the market rose.
• The previous 18 shutdowns started in September, October, November, or December. This could be the first shutdown in any other month, making an April shutdown all the more interesting.

“Irrational Exuberance” Reading Explodes Higher
Apr 21, 2017

The commentary and charts below have been pulled from our daily post-market macro note — The Closer — which is part of our Bespoke Institutional research offering. If you’d like to see more research like this plus actionable individual stock and ETF ideas, please start a 14-day no obligation free trial to Bespoke Institutional.

Over the last couple of decades, the International Center for Finance at Yale University has regularly surveyed both individual and institutional investors and asked them about their views of the market. There are four major questions: one year confidence, buy-on-dips confidence, crash confidence, and valuation confidence. We’re going to focus on two of those today: “one-year confidence” and “valuation confidence”. One-year confidence is the percent of investors expecting a positive return for the Dow Jones Industrial Average over the next year. Valuation confidence is the percentage of investors who are confident in the valuation of the market, meaning they think the market is valued either too low or about right. The confidence indices are shown for both individual investors and institutional investors, and we highlight charts of the two readings below.

As you can see in the “One-Year Confidence” chart, according to Yale’s survey, investors have gotten crazy bullish on stocks over the last few months. Institutional investors are extremely bullish: less than 2% don’t expect gains for the Dow over the next year! Individual investors are the most bullish since February 2004, when 93.4% expected gains. Currently, over 90.9% expect further gains.

While investors are crazy bullish on the market over the next year, they aren’t attracted to the market’s valuation. As shown in the second chart below, a historically low share of investors think the market is cheap; Valuation Confidence from both individual and institutional investors is near the lowest levels on record.





So what do you call high confidence that the market will be higher a year from now while at the same time not liking the valuation of the market? Some would say “irrational exuberance.” We decided to create an “irrational exuberance” indicator from this survey data which is simply Valuation Confidence subtracted from One Year Confidence. As shown below, this reading has exploded higher recently for both institutional and individual investors.



The chart below only shows the combined “irrational exuberance” indicator based on the average of the institutional and individual investor readings. When the reading is positive, it means confidence that the market will be higher one year from now is higher than confidence in the valuation of the market. The opposite is the case when the reading is in negative territory.

The key takeaway from our combined “irrational exuberance” indicator is that investors think simultaneously that the market is over-valued but likely to keep climbing: that’s the exact phenomenon famously described by former Fed Chair Alan Greenspan in a December 1996 speech. Robert J. Shiller, the originator of the Yale Investor Confidence series, is rumored to have first invented the term; he later wrote a book with the same title.



While the Yale Confidence series aren’t a very good short-term market-timing tool, we can say that lower readings on our “irrational exuberance” indicator generally come at lower levels of the market. As shown above, the low of the reading came just after the lows for the market during the Financial Crisis. We also think that as a general proposition, if a huge share of investors think that the market is expensive but are still optimistic, the market’s psychology is fragile.

Equity valuations are not as extended now as they’ve been in true bubble territory (the tech bubble). That said, we do think this reading should make investors a bit cautious given that so many expect gains despite having little conviction in valuations.

 

Here are the updated pullback/correction levels as of this week ending-

 

Stock Market Analysis for Week Ending 4.21.17
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 (4/24-4/28) <-- 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 (4/24-4/28) <-- 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 (4/24) <-- click there to cast your daily vote & stock pick for Monday!

Lastly, we have the monthly market poll & monthly stock picking challenge threads now open as well!-

First the monthly market sentiment poll for May-

• Monthly SPX Poll - May 2017 Sentiment <-- click there to cast your monthly vote for May!

And here is the monthly stock picking challenge for May-

• Stockaholics May 2017 Stock Picking Contest <-- click there to post your monthly picks for May!

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 4.24.17 Before Market Open:

Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES!

Monday 4.24.17 After Market Close:

Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES!

Tuesday 4.25.17 Before Market Open:

Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES!

Tuesday 4.25.17 After Market Close:

Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES!

Wednesday 4.26.17 Before Market Open:

Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES!

Wednesday 4.26.17 After Market Close:

Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES!

Thursday 4.27.17 Before Market Open:

Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES!

Thursday 4.27.17 After Market Close:

Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES!

Friday 4.28.17 Before Market Open:

Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES!

Friday 4.28.17 After Market Close:

Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES!

 

...and as promised here are EW's most anticipated earnings calendar for this upcoming week ahead:
It's a busy one!
($AMZN $MSFT $TWTR $GOOGL $INTC $CLF $X $AKS $RAD $CMG $F $HAL $FCX $SBUX $CAT $KO $SWKS $XOM $MCD $T $HAS)


Amazon.com, Inc. $898.53
Amazon.com, Inc. (AMZN) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, April 27, 2017. The consensus earnings estimate is $1.11 per share on revenue of $35.40 billion and the Earnings Whisper ® number is $1.20 per share. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 3.74% with revenue increasing by 21.53%. Short interest has decreased by 18.4% since the company's last earnings release while the stock has drifted higher by 11.4% from its open following the earnings release to be 12.6% above its 200 day moving average of $798.28. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, April 19, 2017 there was some notable buying of 1,673 contracts of the $910.00 put expiring on Friday, April 28, 2017. Option traders are pricing in a 4.3% move on earnings and the stock has averaged a 5.5% move in recent quarters.


Microsoft Corp. $66.40
Microsoft Corp. (MSFT) is confirmed to report earnings at approximately 4:10 PM ET on Thursday, April 27, 2017. The consensus earnings estimate is $0.69 per share on revenue of $23.44 billion and the Earnings Whisper ® number is $0.72 per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 11.29% with revenue increasing by 14.17%. Short interest has decreased by 4.1% since the company's last earnings release while the stock has drifted higher by 1.5% from its open following the earnings release to be 9.7% above its 200 day moving average of $60.54. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, April 10, 2017 there was some notable buying of 15,069 contracts of the $67.50 put expiring on Friday, May 19, 2017. Option traders are pricing in a 4.5% move on earnings and the stock has averaged a 5.8% move in recent quarters.

Twitter, Inc. $14.63
Twitter, Inc. (TWTR) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, April 26, 2017. The consensus earnings estimate is $0.01 per share on revenue of $512.11 million and the Earnings Whisper ® number is $0.05 per share. Investor sentiment going into the company's earnings release has 45% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 93.75% with revenue decreasing by 13.86%. Short interest has increased by 59.4% since the company's last earnings release while the stock has drifted lower by 14.2% from its open following the earnings release to be 17.2% below its 200 day moving average of $17.67. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, April 5, 2017 there was some notable buying of 5,010 contracts of the $30.00 call expiring on Friday, January 18, 2019. Option traders are pricing in a 8.9% move on earnings and the stock has averaged a 8.3% move in recent quarters.

Alphabet, Inc. $858.95
Alphabet, Inc. (GOOGL) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, April 27, 2017. The consensus earnings estimate is $7.48 per share on revenue of $19.65 billion and the Earnings Whisper ® number is $7.57 per share. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 1.71% with revenue decreasing by 3.00%. Short interest has increased by 4.3% since the company's last earnings release while the stock has drifted lower by 0.0% from its open following the earnings release to be 5.8% above its 200 day moving average of $811.62. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, April 21, 2017 there was some notable buying of 2,487 contracts of the $860.00 call and 2,140 contracts of the $860.00 put expiring on Friday, April 28, 2017. Option traders are pricing in a 4.0% move on earnings and the stock has averaged a 2.9% move in recent quarters.

Intel Corp. $36.32
Intel Corp. (INTC) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, April 27, 2017. The consensus earnings estimate is $0.65 per share on revenue of $14.81 billion and the Earnings Whisper ® number is $0.68 per share. Investor sentiment going into the company's earnings release has 58% expecting an earnings beat The company's guidance was for earnings of $0.51 to $0.61 per share. Consensus estimates are for year-over-year earnings growth of 20.37% with revenue increasing by 8.09%. Short interest has increased by 22.6% since the company's last earnings release while the stock has drifted lower by 4.4% from its open following the earnings release to be 1.2% above its 200 day moving average of $35.90. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, April 4, 2017 there was some notable buying of 29,310 contracts of the $36.50 call expiring on Friday, April 28, 2017. Option traders are pricing in a 4.1% move on earnings and the stock has averaged a 4.0% move in recent quarters.

Cliffs Natural Resources Inc $7.11
Cliffs Natural Resources Inc (CLF) is confirmed to report earnings at approximately 8:00 AM ET on Thursday, April 27, 2017. The consensus earnings estimate is $0.17 per share on revenue of $373.10 million and the Earnings Whisper ® number is $0.19 per share. Investor sentiment going into the company's earnings release has 83% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 342.86% with revenue increasing by 22.13%. Short interest has decreased by 9.2% since the company's last earnings release while the stock has drifted lower by 30.0% from its open following the earnings release to be 9.2% below its 200 day moving average of $7.83. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, April 20, 2017 there was some notable buying of 5,627 contracts of the $8.00 call expiring on Friday, July 21, 2017. Option traders are pricing in a 14.0% move on earnings and the stock has averaged a 11.4% move in recent quarters.

United States Steel Corp. $30.42
United States Steel Corp. (X) is confirmed to report earnings at approximately 4:15 PM ET on Tuesday, April 25, 2017. The consensus earnings estimate is $0.32 per share on revenue of $2.89 billion. 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 114.88% with revenue increasing by 23.45%. Short interest has decreased by 2.6% since the company's last earnings release while the stock has drifted lower by 10.1% from its open following the earnings release to be 8.9% above its 200 day moving average of $27.93. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, April 21, 2017 there was some notable buying of 8,054 contracts of the $30.50 call and 8,015 contracts of the $30.50 put expiring on Friday, April 28, 2017. Option traders are pricing in a 8.8% move on earnings and the stock has averaged a 8.2% move in recent quarters.

AK Steel Holding Corp. $6.72
AK Steel Holding Corp. (AKS) is confirmed to report earnings at approximately 8:30 AM ET on Tuesday, April 25, 2017. The consensus earnings estimate is $0.15 per share on revenue of $1.48 billion and the Earnings Whisper ® number is $0.17 per share. 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 287.50% with revenue decreasing by 2.55%. Short interest has decreased by 5.5% since the company's last earnings release while the stock has drifted lower by 32.9% from its open following the earnings release to be 6.3% below its 200 day moving average of $7.17. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, April 18, 2017 there was some notable buying of 2,599 contracts of the $7.00 call expiring on Friday, April 28, 2017. Option traders are pricing in a 11.0% move on earnings and the stock has averaged a 6.5% move in recent quarters.

Rite Aid Corp. $3.80
Rite Aid Corp. (RAD) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, April 25, 2017. The consensus estimate is for a loss of $0.01 per share on revenue of $8.39 billion and the Earnings Whisper ® number is ($0.03) 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 114.29% with revenue increasing by 1.45%. Short interest has increased by 46.5% since the company's last earnings release while the stock has drifted lower by 54.6% from its open following the earnings release to be 46.3% below its 200 day moving average of $7.08. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, April 3, 2017 there was some notable buying of 38,194 contracts of the $6.00 put expiring on Friday, July 21, 2017. Option traders are pricing in a 24.7% move on earnings and the stock has averaged a 0.3% move in recent quarters.

Chipotle Mexican Grill Inc $479.09
Chipotle Mexican Grill Inc (CMG) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, April 25, 2017. The consensus earnings estimate is $1.27 per share on revenue of $1.05 billion and the Earnings Whisper ® number is $1.32 per share. Investor sentiment going into the company's earnings release has 44% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 244.32% with revenue increasing by 25.83%. Short interest has decreased by 11.9% since the company's last earnings release while the stock has drifted higher by 11.2% from its open following the earnings release to be 17.1% above its 200 day moving average of $409.07. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 5.7% move on earnings and the stock has averaged a 5.8% move in recent quarters.

 

ShadowTrader Video Weekly 4.23.17
Video from ShadowTrader Peter Reznicek

 

Wow. I gotta admit but was pretty awesome to log in this morning to read that from you Steve. And it never gets overstated.

I think a big time thank you also goes out to all of you who make this place such an amazing community. Yes, we're not a overly huge community by any stretch. We have a small group of posters here, but a very close knit group nevertheless. This place really wouldn't be possible w/o the great contributions that you all bring to this forum on a daily basis. I'm not just saying this either. Really do genuinely mean that. So, I really do think a big thanks should be given out to the each of you who keep this forum going. And I don't think this gets said enough.

@Steven_Burt
@Baggi
@stock1234

Thanks so much for your awesome words. Completely made my weekend here haha.

And yes @stock1234 that French election today is a pretty big one on the global economic calendar this week. I see CNBC is going to be airing a special coverage of this election starting @ 1:30pm eastern time today.