Welcome Stockaholics to the trading week of December 18th! 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 8:30 a.m. Business leaders survey 9:45 a.m. Services PMI 10:00 a.m. NAHB survey Tuesday 8:30 a.m. Housing starts 8:30 a.m. Current account 1:10 p.m. Minneapolis Fed President Neel Kashkari Wednesday 10:00 a.m. Existing home sales Thursday 8:30 a.m. Initial claims 8:30 a.m. Real GDP Q3 8:30 a.m. Philadelphia Fed manufacturing 9:00 a.m. FHFA home prices Friday 8:30 a.m. Durable goods 8:30 a.m. Personal income 8:30 a.m. Philadelphia Fed nonmanufacturing 10:00 a.m. New home sales 10:00 a.m. Consumer sentiment
US Yield Curve Crashes Most In 6 Years As Stocks, Bitcoin Hit Record Highs What could go wrong? Small Caps exploded higher today, driven by financials, presumably on tax reform hype.. but after Bob Corker said "yes" there was some notable "sell the news"... Notably, as soon as the cash market closed, futures ripped to the highs of the day... On the week, Nasdaq (green) and Dow (red) outperformed as Trannies (blue lagged)... Tech outperformed on the week but financials lagged... Oddly, high-tax companies notably undeperformed low-tac companies on the week.... High yield bonds lagged notably on the week... Yields were mixed on the week with the short-end higher and long-end outperforming... 30Y Treasury yields are at their lowest since September's Draghi taper tantrum... The 5s30s yield curve crashed 10bps this week to 52bps (the last two days post-Fed have seen the biggest curve flattening since June 2009)... The weekly plunge is the biggest percentage flattening of the Treasury curve since the US downgrade in the fall of 2011... The yield curve is down 5 straight weeks The Dollar ended the week modestly lower, after chopping around on The Fed and tax headlines (and CPI) Huuge week for copper but crude ended the week lower... Bitcoin rose 13.5% this week - the 5th weekly gain in a row to a new record high...and gold managed to hold gains... And Futures compressed their premium to spot... And finally, there is a very serious dollar shortage around the world...signalling ominous signs of growing funding stress in the financial “plumbing”.
Spoiler: Weekend Reading: Ignorance Is No Excuse Authored by Lance Roberts via RealInvestmentAdvice.com, The “tax bill cometh.” According to the press, this is going to be the single biggest factor to jump-starting economic growth since the invention of the wheel. Interestingly, even the Fed’s economic projections are suggesting that economic growth will pick up over the next two years from the impact of tax cuts. (Chart is the average of the range of the Fed’s estimates.) Of course, you should note the Federal Reserve has NEVER accurately forecasted future economic growth. In fact, it has become an annual tradition of over-estimating growth and then slowly ratcheting down estimates as reality failed to achieve overly optimistic assumptions. However, despite the Administrations hopes of long-term economic growth rates of 3% or more, in order to pay for the deficits created by cutting revenue, even the Fed has maintained their long-run outlook of less that 2% annualized growth. (Down from 2.7% in 2011) Hardly the supportive stamp of endorsement for the “greatest tax cut” of all-time. But for economic growth to blossom, the consumer will have to pull their weight given consumption makes up roughly 70% of GDP. The problem, as witnessed by the latest retail sales report, is that consumptive spending is far weaker than headlines suggest. On Thursday, the retail sales report for November clicked up 0.8%. Good news, right? Not so fast. First, sales of gasoline, which directly impacts consumers ability to spend money on other stuff, rose sharply due to higher oil prices and comprised 1/3rd of the increase. Secondly, building products also rose sharply from the ongoing impact of rebuilding from recent hurricanes and fires. Again, this isn’t healthy longer-term either as replacing lost possessions drags forward future consumptive capacity. But what the headlines miss is the growth in the population. The chart below shows retails sales divided by those actually counted as part of the labor force. (You’ve got to have a job to buy stuff, right?) As you can see, retail sales per labor force participant was on a 5% annualized growth trend beginning in 1992. However, after the financial crisis, the gap below that long-term trend has yet to be filled as there is a 22.7% deficit from the long-term trend. (If we included the entirety of the population, given the number of people outside of the labor force that are still consuming, the trajectory would be worse.) But wait, retail sales were really strong in November? Again, not so fast. The chart below shows the annual % change of retail sales per labor force participant. The trend has been weakening since the beginning of 2017 and shows little sign of increasing currently. While tax cuts may provide a temporary boost to after-tax incomes, that income will simply be absorbed by higher energy, gasoline, health care and borrowing costs. This is why, 80% of Americans continue to live paycheck-to-paycheck and have little saved in the bank. It is also why, as wages have continued to stagnate, that the cost of living now exceeds what incomes and debt increases can sustain. Yes, corporations will do well under the “tax reform” plan, and while the average American may well see an increase in take-home pay, it will unlikely change their financial situation much. As a result, economic growth will likely remain weak as the deficit expands to $1 Trillion over the next couple of years and Federal debt marches toward $32 trillion. As noted by the CFRB “Fiscal conservatives on the right have lost a massive amount of credibility based on the GOP budget they passed this year. After many years of calling for a budget that cut spending, reformed entitlements, controlled the debt and balanced the budget, they failed to enact even one of those goals when they finally had a chance." "Out of a possible $47 trillion in spending over 10 years, the budget called for cutting an utterly pathetic $1 billion. Their fiscal credibility died with a whimper. I doubt that credibility can be regained, but it seems quite likely that some of the more conservative GOP members will call for letting the sequester hit.” So, when someone acts astonished that things didn’t work out as planned…just remind them that “ignorance is no excuse.” Just something to think about as you catch up on your weekend reading list. Trump, Economy & Fed Is 3% Growth The New Normal by Caroline Baum via MarketWatch Drop In Public Investment Picks Up Steam by Gary Burtless via Brookings Institute Could The Tax Plan Still Fall Apart by Jim Newell via Slate Avoid The Budgetary Wrecking Ball With Tax Bill by Committee For A Responsible Federal Budget Economy On Sugar High, Tax Cuts Won’t Help by Larry Summers via Washington Post Minsky’s Financial Instability Hypothesis & The Fed by Edward Harrison via Credit Writedowns Fed’s Failure To Tighten Conditions A Mistake by Michael Heise via FT Is Tax Reform Falling Apart by Scott Sumner via Econolog Don’t Expect An Investment Boom by Paul Kasriel via Financial Sense Republicans Say They Have A Tax Deal by Jim Tankersley via NYT Job Creators The Victim Of The GOP Tax Plan by Rob Arnott & John Tamny via IBD Biggest Cuts Could Be To Living Standards by Eduardo Porter via NY Times Best Ways To Improve GOP Tax Bill by Stephen Moore via The Washington Times Tax Changes Coming In 2018, Prepare Now by Paul Sullivan via NYT A Proposal To Reform Corporate Taxation by Eric Toder via AEI Markets Ms. Yellen: Here Is Your Risk by Tyler Durden via ZeroHedge A Sing Of Frothy Markets by Paul Davies via WSJ Bitcoin, Most Obvious Bubble Everby Derek Thompson via The Atlantic 4-Paths To Retirement Income by SA Gil Weinreich via Seeking Alpha Instant Gratification by Erik Swarts via Market Anthropology Trading Bitcoin Is A Bad Way To Invest by Simon Constable via US News Investors Wish List Is Reality Catches Up With Prices by Mohamed El-Erian via MarketWatch Bitcoin – A Miracle Of Any Price by Tyler Cowen via Bloomberg Cryptos In One Graph by Shawn Langlois via MarketWatch Markets Point To Lower Interest Rates by Michael Kahn via Barron’s Corporate Profits Are Soaring, Why It Can’t Last by Shawn Tully via Fortune The Double-Edged Sword by Nick Maggiulli via Dollars and Data A Disaster Waiting To Happen by Jeff Reeves via MarketWatch Bitcoin & A Dead Parrot by Buttonwood via The Economist A Question For Every Investor by Michael Lebowitz via RIA An Unhealthy Absence Of Doubt & Fear by Doug Kass via RIA Research / Interesting Reads Yellen Shrugs Off Risk by Wolf Richter via Wolf Street Must-Have Tools For Retirement Planningby Robert Powell via USA Today Jim Simons, The Numbers King by DT Max via The New Yorker Active Fans Are Wrong, Bogle Is Right by Cliff Asness via AQR Capital Management How To Sort Facts From Fictions by Justin Wolfers via NYT Inequality & The Coming Storm by Eduardo Campanella via Project Syndicate Free Markets Are Hard by John Cochrane via The Grumpy Economist Who Broke The Economy by Annie Lowrey via The Atlantic Bonds Versus Economists by Jeffrey Snider via Alhambra Partners Everyone In The Pool by Dana Lyons via The Lyons Share Time To Get Real With Your Portfolio by Jesse Felder via The Felder Report “When the music stops in terms of liquidity, things will get complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.” – Chuck Prince, Citigroup
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-
Long-Term December Pattern Also Indicates Rally to Resume Over the long-term, it has not been all that unusual for December to start off mixed and for DJIA, S&P 500 and NASDAQ to be unchanged or even down at the half-way point. This longer-term pattern can be seen in the following chart using data from 1950 through 2016 (1971 to 2016 for NASDAQ). Some of the weakness around mid-month is likely due to tax-related selling and some early end-of-year portfolio restructuring. Historically weakness has generally come to end just after mid-month around the eleventh trading day and on the fifteenth trading day DJIA, S&P 500 and NASDAQ are generally back on track with a solid rally to wrap up the year. From its mid-month low to the last trading day of the year, NASDAQ has gained over 2% on average. S&P 500 and DJIA have averaged around 1.5%. Based upon December’s long-term pattern, look for the rally to resume between now and early next week. Is This Market Getting Sentimentally High? Well of course it is, but that doesn’t mean it can’t go on for a while. As we finalize our outlook for 2018 that will be released to newsletter subscribers next Thursday, December 21 our near term outlook remains rather bullish. Last year’s forecast may have been a tad conservative, which we have been prone to over the years, though we did accurately project a continuation of the rally and a general bullish environment for 2017. Plus, once our January Indicator Trifecta turned bullish and the market continued to comply, we remained bullish on the year. That doesn’t mean we did not still issue our Best Six Month’s MACD Seasonal Sell Signal like we do every year and take some precautionary actions, we did. That strategy and system is time-test and continues to work over the long haul and still made money this year. You are going to miss some upside in raging bull markets when you play some defense during historically bearish periods. But our Stock Portfolio still soared. But we are keeping an eye on persistently high bullish sentiment. Our friends at Investors Intelligence track this rather well. And the chart above is from their recent missive where they state, “The bull-bear spread narrowed to 46.7% from 49.1% a week ago. That was the 11th straight difference above 40%. All are up sharply from a spread of 26.9% early Sep. Nov began with the widest positive spread 50.0%) since early 1987 (then 50.5%). Bull-bear spreads above 30% signal elevated risk while those above 40% call for defensive measures. Early Feb-17 had a 46.6% difference. That was very early in the topping cycle, just as occurred in 1987. Just prior to the Trump election the spread had narrowed to 17.2% for a trading buy signal. Expanding spreads are negative and narrowing spreads are favorable. Nearing +10% allows for accumulation in a rising market. A stronger signal occurred early Feb-16 when the negative spread of -14.5% said it was a very favorable time for broad new buying.” Watch for January Effect of Small-Cap Outperformance to Begin Anytime Small-cap stocks tend to outperform big caps in January. This is frequently referred to as the “January Effect,” the tendency is clearly revealed by the graph below. Thirty-seven-plus years of daily data for the Russell 2000 index of smaller companies are divided by the Russell 1000 index of largest companies, and then compressed into a single year to show an idealized yearly pattern. When the graph is descending, large caps are outperforming smaller companies; when the graph is rising, smaller companies are moving up faster than their larger brethren. In a typical year the smaller fry stay on the sidelines while the big boys are on the field. Then, around late November, small stocks begin to stir and in mid-December, they take off. Anticipated year-end dividends, payouts and bonuses could be a factor. Also, it is at this time of year that tax-loss selling abates and traders often pick up beaten-down, oversold small-cap shares. Other major moves are quite evident just before Labor Day—possibly because individual investors are back from vacations. The move this year ahead of Labor Day (red line) began earlier, lasted until early-October and was well above historical average. Small caps typically hold the lead through the beginning of June, though the bulk of the move is typically complete by early March. Santa Claus Rally Is Coming, But Not Just Yet Every year around this time I am compelled to set the record straight. When the jack-o’-lanterns burn out and the turkeys get stuffed everyone starts calling for the Santa Claus Rally. The fourth quarter or yearend rally is not the Santa Claus Rally. Many get caught up in the hype and forget what the real Santa Claus Rally is. As defined by Yale Hirsch in 1972 in the Stock Trader’s Almanac (2018 edition page 114), the Santa Claus Rally is the last 5 trading days of the year and the first 2 of the New Year. (See Wikipedia, Investopedia and elsewhere) The significance of the Santa Claus Rally is really when it does not occur. Over this 7-day period the S&P 500 averages a rather consistent, yet a modest 1.3% average gain since 1950. But, as the songwriter in Yale declared, “If Santa Claus should fail to call; Bears may come to Broad & Wall.” In the last 24 years the SCR has been down only six times. As you can see in the table below, flat years occurred in 1994, 2005 and 2015, while nasty bears emerged in 2000 and 2008. In 2016, S&P 500 corrected 14.2% from May 21, 2015 through February 11, 2016. A Record for Record Highs Dec 15, 2017 As long as the Dow closes above 24,585.43 today, it will mark the index’s 69th record closing high of the year, and that would tie 2017 with 1995 for the record of most record closes in a given year. The chart below shows the annual number of record closing highs for the Dow going back to 1900. In the last 117 years, there have only been two other years (1925 and 1995) where the index saw more than 60 record highs in a given year. If you’re a bull, you have to like the fact that even though those years saw big gains, the year after was also positive. In 1926, the DJIA was essentially flat (+0.35%), but in 1996 the Dow rallied another 26%. Can 2017 Go 12 for 12? Posted by lplresearch 2017 could be one of the least volatile years ever for equities, along with being a solid year for the bulls. In addition, we could also be looking at the first year in U.S. stock market history to see every month of the calendar year close higher. “The S&P 500 Index has had monthly win streaks that lasted a full 12 months, but never in history have all 12 months of a calendar year been positive on a total return basis. And with only a few weeks to go, should December finish in the green, we could be looking at yet another amazing record going down at the hands of 2017,” per Ryan Detrick, Senior Market Strategist. 1958, 1995, and 2006 were “close but no cigar” years, with each having 11 months in the green; while 1974 holds the record for futility with only one month in positive territory. The good news is that years following those with 11 higher months have never been lower, and average annual returns have been an impressive 10.8%. For more on monthly win streaks, be sure to watch this interview on CNBC with LPL Research. ‘Tis the Season to be Jolly for Owning Stocks in December Posted by lplresearch As the Holiday season approaches and yet another year comes to a close; it is comforting to know as investors, that December tends to fare well for stocks. In fact, for those who follow the seasonal statistics for the equities markets; looking back over the past 20 years, it may appear likely that stocks move higher this month. Our latest analysis identified a variety of sectors that showed a seasonal tendency to outperform the S&P 500 during December over the last 20 years—a month when the index has on average moved higher by 1.5%, generating positive returns 75% of the time. As we review the data, it’s important to note that nonseasonal factors still influence performance and should not be ignored. The table below highlights sectors’ average over- and under-performance versus the S&P 500 during December since 1997, as well as the top-performing industry groups over the same time period: Looking at the table above, the real estate and utilities sectors have on average tended to exhibit the highest relative strength versus the index in December over the past 20 years. However, if you are interested in looking under the hood for a more targeted strategy, out of the top ten industry groups, the industrials, financials and consumer discretionary sectors represent seasonally strong breadth for select industry categories in December. Enjoying friends and family is the beauty of the holiday season; let us continue to be jolly and have a cup of cheer considering that the seasonal statistics suggest equities continue higher throughout this month – and possibly it could be a good time to consider implementing seasonal analysis as part of your portfolio management plan.
Stock Market Analysis for Week Ending 12.15.17 Video from AlphaTrends Brian Shannon (VIDEO NOT YET UP!) ShadowTrader Video Weekly 12.15.17 Video from ShadowTrader Peter Reznicek
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 12.18.17 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! NONE. Monday 12.18.17 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! Tuesday 12.19.17 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 12.19.17 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 12.20.17 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 12.20.17 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 12.21.17 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 12.21.17 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 12.22.17 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! NONE. Friday 12.22.17 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES! NONE.
Stockaholics come join us in our weekly market poll and stock picking competition for this upcoming trading week ahead!- Stockaholics Weekly Stock Picking Contest & SPX Sentiment Poll (12/18-12/22) <-- click there to cast your weekly vote and post your weekly picks for this upcoming week ahead! ======================================================================================================== It would be pretty sweet to some of you join us and participate! I hope you all have a fantastic weekend ahead!
Republicans release their final tax bill ahead of key vote next week http://www.cnn.com/2017/12/15/politics/republican-tax-bill/index.html
And as promised here are the most anticipated earnings calendar for this upcoming week ahead: ($MU $NKE $RHT $DRI $FDX $FDS $KMX $ACN $WGO $CCL $PAYX $NAV $BBBY $GIS $WOR $BB $HEI $FINL $APOG $SGH $CTAS $YGE $SOL $CAG $REVG $ATU $SCS $LNN $MLHR $BLIN $ADXS $CAMP $SFIX $AIR) Micron Technology, Inc. $42.40 Micron Technology, Inc. (MU) is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, December 19, 2017. The consensus earnings estimate is $2.12 per share on revenue of $6.39 billion and the Earnings Whisper ® number is $2.23 per share. Investor sentiment going into the company's earnings release has 85% expecting an earnings beat The company's guidance was for earnings of $2.09 to $2.23 per share. Consensus estimates are for year-over-year earnings growth of 562.50% with revenue increasing by 60.96%. Short interest has increased by 11.9% since the company's last earnings release while the stock has drifted higher by 16.9% from its open following the earnings release to be 26.5% above its 200 day moving average of $33.51. On Wednesday, December 6, 2017 there was some notable buying of 34,263 contracts of the $50.00 call expiring on Friday, February 16, 2018. Option traders are pricing in a 9.1% move on earnings and the stock has averaged a 7.2% move in recent quarters. Nike Inc $64.79 Nike Inc (NKE) is confirmed to report earnings at approximately 4:25 PM ET on Thursday, December 21, 2017. The consensus earnings estimate is $0.39 per share on revenue of $8.39 billion and the Earnings Whisper ® number is $0.44 per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 22.00% with revenue increasing by 2.57%. Short interest has increased by 56.2% since the company's last earnings release while the stock has drifted higher by 24.2% from its open following the earnings release to be 17.1% above its 200 day moving average of $55.33. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, December 11, 2017 there was some notable buying of 6,535 contracts of the $67.50 call and 6,502 contracts of the $67.50 put expiring on Friday, January 19, 2018. Option traders are pricing in a 5.3% move on earnings and the stock has averaged a 4.8% move in recent quarters. Red Hat, Inc. $128.78 Red Hat, Inc. (RHT) is confirmed to report earnings at approximately 4:15 PM ET on Tuesday, December 19, 2017. The consensus earnings estimate is $0.70 per share on revenue of $734.38 million and the Earnings Whisper ® number is $0.74 per share. Investor sentiment going into the company's earnings release has 86% expecting an earnings beat The company's guidance was for earnings of approximately $0.70 per share on revenue of $730.00 million to $737.00 million. Consensus estimates are for year-over-year earnings growth of 11.11% with revenue increasing by 19.36%. Short interest has increased by 11.7% since the company's last earnings release while the stock has drifted higher by 15.7% from its open following the earnings release to be 26.8% above its 200 day moving average of $101.57. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, December 15, 2017 there was some notable buying of 3,533 contracts of the $80.00 put expiring on Friday, January 18, 2019. Option traders are pricing in a 7.6% move on earnings and the stock has averaged a 6.4% move in recent quarters. Darden Restaurants, Inc. $88.41 Darden Restaurants, Inc. (DRI) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, December 19, 2017. The consensus earnings estimate is $0.70 per share on revenue of $1.85 billion and the Earnings Whisper ® number is $0.71 per share. Investor sentiment going into the company's earnings release has 70% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 9.37% with revenue increasing by 12.63%. Short interest has decreased by 19.4% since the company's last earnings release while the stock has drifted higher by 9.8% from its open following the earnings release to be 5.6% above its 200 day moving average of $83.70. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, December 1, 2017 there was some notable buying of 561 contracts of the $87.50 call expiring on Friday, April 20, 2018. The stock has averaged a 3.9% move on earnings in recent quarters. FedEx Corp. $240.05 FedEx Corp. (FDX) is confirmed to report earnings at approximately 4:15 PM ET on Tuesday, December 19, 2017. The consensus earnings estimate is $2.87 per share on revenue of $15.60 billion and the Earnings Whisper ® number is $2.90 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 2.50% with revenue increasing by 4.48%. Short interest has decreased by 23.6% since the company's last earnings release while the stock has drifted higher by 10.9% from its open following the earnings release to be 14.8% above its 200 day moving average of $209.15. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, November 29, 2017 there was some notable buying of 1,817 contracts of the $220.00 put expiring on Friday, January 19, 2018. Option traders are pricing in a 3.8% move on earnings and the stock has averaged a 3.4% move in recent quarters. FactSet Research Systems, Inc. $204.87 FactSet Research Systems, Inc. (FDS) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, December 19, 2017. The consensus earnings estimate is $1.98 per share on revenue of $330.96 million and the Earnings Whisper ® number is $1.99 per share. Investor sentiment going into the company's earnings release has 78% expecting an earnings beat The company's guidance was for earnings of $1.93 to $1.99 per share on revenue of $327.00 million to $333.00 million. Consensus estimates are for year-over-year earnings growth of 13.14% with revenue increasing by 14.89%. Short interest has decreased by 9.8% since the company's last earnings release while the stock has drifted higher by 16.4% from its open following the earnings release to be 19.4% above its 200 day moving average of $171.57. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 3.6% move on earnings in recent quarters. Carmax Inc $67.73 Carmax Inc (KMX) is confirmed to report earnings at approximately 7:40 AM ET on Thursday, December 21, 2017. The consensus earnings estimate is $0.82 per share on revenue of $4.03 billion and the Earnings Whisper ® number is $0.84 per share. Investor sentiment going into the company's earnings release has 68% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 13.89% with revenue increasing by 8.87%. Short interest has decreased by 53.5% since the company's last earnings release while the stock has drifted lower by 5.1% from its open following the earnings release to be 3.3% above its 200 day moving average of $65.56. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, December 13, 2017 there was some notable buying of 3,746 contracts of the $60.00 call expiring on Friday, April 20, 2018. Option traders are pricing in a 6.6% move on earnings and the stock has averaged a 4.0% move in recent quarters. Accenture Ltd. $152.66 Accenture Ltd. (ACN) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, December 21, 2017. The consensus earnings estimate is $1.67 per share on revenue of $9.24 billion and the Earnings Whisper ® number is $1.68 per share. Investor sentiment going into the company's earnings release has 68% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 5.70% with revenue increasing by 2.60%. Short interest has decreased by 26.8% since the company's last earnings release while the stock has drifted higher by 15.0% from its open following the earnings release to be 17.4% above its 200 day moving average of $130.00. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 4.3% move on earnings and the stock has averaged a 3.0% move in recent quarters. Winnebago Industries, Inc. $56.05 Winnebago Industries, Inc. (WGO) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, December 20, 2017. The consensus earnings estimate is $0.50 per share on revenue of $373.45 million and the Earnings Whisper ® number is $0.57 per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 16.67% with revenue increasing by 52.24%. Short interest has decreased by 12.9% since the company's last earnings release while the stock has drifted higher by 23.9% from its open following the earnings release to be 51.9% above its 200 day moving average of $36.90. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, December 11, 2017 there was some notable buying of 675 contracts of the $60.00 call expiring on Friday, January 19, 2018. The stock has averaged a 5.8% move on earnings in recent quarters. Carnival Corp. $65.95 Carnival Corp. (CCL) is confirmed to report earnings at approximately 9:15 AM ET on Tuesday, December 19, 2017. The consensus earnings estimate is $0.50 per share on revenue of $4.16 billion and the Earnings Whisper ® number is $0.54 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat The company's guidance was for earnings of $0.44 to $0.50 per share. Consensus estimates are for earnings to decline year-over-year by 25.37% with revenue increasing by 5.72%. Short interest has decreased by 10.8% 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 2.6% above its 200 day moving average of $64.29. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 3.8% move on earnings and the stock has averaged a 1.5% move in recent quarters.
1 down 2 to go for you round # enthusiasts let's see if the DJ30 and SPX can do it today as well (not likely) haha. also looking like VIX might wanna dip into the 8s again soon
so...do we see another push higher into the close today; sell off a bit; or just chop it up to the bell? looks like tomorrow we could be getting the final votes on tax reform ... wonder if we'll see a little sell on news event but with the SCR (santa claus rally) literally starting this friday maybe not perhaps the markets want to first print those large round #'s on the DJ30 and SPX nowwhat should be chiming in here to tell us how important those levels are!
AES bollinger breakout candidate - playing this one early, would normally wait for a confirmation - but this could run.
