Welcome Stockaholics to the trading week of January 29th! 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: Lockheed Martin, Seagate Technology, Crane, Equity LifeStyle Properties, Hawaiian Holdings 8:30 a.m. Personal income/spending Tuesday Fed starts two-day meeting Earnings: McDonald's, Pfizer, Aetna, Autoliv, Corning, Danaher, CIT Group, Pulte Group, Harley-Davidson, Chubb, Equity Residential, Boston Properties, Stryker, Electronic Arts, SAP, AK Steel, Scotts Miracle-Gro 9:00 a.m. S&P/Case-Shiller home prices 10:00 a.m. Consumer confidence 10:00 a.m. Housing vacancies 9:00 p.m. State of the Union Wednesday Earnings: Boeing, AT&T, Microsoft, Facebook, MetLife, Mondelez International, PayPal, Eli Lilly, Johnson Controls, Nintendo, Qualcomm, Samsung Electronics, Vertex Pharma, U.S. Steel, Citrix, Tractor Supply, Textron, Anthem, Nasdaq OMX, Johnson Controls, Sirius XM, DR Horton, Siemens 8:15 a.m. ADP employment 9:30 a.m. Employment cost index 9:45 a.m. Chicago PMI 10:00 a.m. Pending home sales 2:00 p.m. FOMC statement Thursday Monthly vehicle sales Earnings: Apple, Alphabet, Amazon, Alibaba, Tableau Software, Blackstone, Mastercard, DowDuPont, ConocoPhillips, AutoNation, Amgen, GoPro, Ralph Lauren, Hershey, CME Group, Cigna, Brunswick, Mattel, Time Warner, International Paper, UPS, Daimler, Royal Dutch Shell, Altria 8:30 a.m. Initial claims 8:30 a.m. Productivity and costs 9:45 a.m. Manufacturing PMI 10:00 a.m. ISM manufacturing 10:00 a.m. Construction spending Friday Earnings: Exxon Mobil, Chevron, AstraZeneca, Deutsche Bank, Merck,Clorox, Sony, Philips 66, Estee Lauder, BT Group, Charter Communications, Aon, Weyerhaeuser, Roper Industries, LyondellBasell 8:30 a.m. Employment report 10:00 a.m. Consumer sentiment 10:00 a.m. Factory orders
Stocks Storm To Best Start Since 1987 Amid Dollar-Devastation After that week, we suspect more than a few FX traders feel the same way... Let's get a little context before we start - this is the most overbought (by a bloody mile) that US equities have ever been... And...98% of global equity markets trading above 50 & 200 day moving averages. This is the best start to a year for the Dow and the S&P 500 since 1987... While Nasdaq is 2018's big winner, this is only its best start to a year since 2004. S&P, Dow, & Nasdaq have only seen 4 down days in 2018 On a side note, China's H-share index broke its record daily streak this week, but...with its seventh week of gains, the Chinese index reaches its longest run of gains since October 2010. Today was pure panic-buying euphoria... On the week, Trannies suffered as Airlines crashed (Transports worst week in over 3 months)... This is the 4th weekly gain in a row for the S&P 500, Dow, and Nasdaq (and 9th of the last 10 for Dow and S&P) Having surpassed Goldman's 2018-Year-End Target of 2850, at 2863, the S&P becomes the 2nd largest US equity bull market of all-time, and BofA's Q1 target. For a brief few panic-buying minutes there, NASDAQ actually went vertical on massive volume as the machines ran it up to 7500!! A VIX Close above 11.27 for the week would be the 3rd week in a row of gains for both VIX and the S&P 500 (something that hasn't happened since Feb 2013 and has only happened 5 times in history before - always followed by equity weakness)... Everyone's buying calls... As the usually extremely high correlation between upside and downside implied volatility has collapsed... A stunning week for Tech with AAPL plunging and FANGs surging... (NOTE this is the biggest weekly divergence between the two since FANGs started trading - bigger than April 2016) In FX Fantasy-land... Trump's Rescue Bid failed and the dollar pressed down towards cycle lows... (NOTE the dollar is down 7 weeks in a row - the longest streak since Aug 2010) The Mnuchin Massacre managed the worst week for the dollar in 8 months One could be forgiven for thinking this is a Trump-driven dump... This is the worst start to a year for the dollar since 1987... And the ultimate correlation has broken... Treasuries were very mixed on the week. Despite the bloodbath in the dollar, the Long Bond rallied (-2.25bps on the week) as 2Y yields spiked almost 6bps... 10Y Yields bumped up against 2.67% three times and rallied lower in yield each time... And the yield curve continued to crater... today is the first time that the 2s30s spread has closed below 80bps since Oct 16th 2007... Away from the Dollar Index, today saw more chaos in USDJPY as Kuroda spoke then The BoJ reportedly clarified his comments... but it seems FX traders weren't buying the denial... Of course asymmetrically echoed the sudden spike in USDJPY (ignoring its demise)... A weak dollar helped send all major commodities higher on the week... Gold continues to lead The Dow since The Fed hiked rates in December... Another not-very-pretty week for cryptos amid South Korean crackdowns and Japanese exchange hacks...Ethereum managed to hold on to a 1% gain while the rest fell led by a 21% plunge in Ripple... Bitcoin stabilized around $11,000... Finally, we leave you with this... for no good reason... View image on Twitter Bonus Chart: From Tom McClellan - Bitcoin as a leading indicator for The Dow...?
Spoiler: Weekend Reading: What Could Possibly Go Wrong? Authored by Lance Roberts via RealInvestmentAdvice.com, What goes up, eventually comes down. That is just reality. The bull market that began in 2009, has now entered the final stage of “capitulation” as investors throw caution to the wind and charge headlong into the markets with reckless regard for the consequences. Of course, it isn’t surprising given the massive amounts of liquidity continually injected into the financial markets and global Central Banks have now figured out that continually rising financial markets solve much of the world’s ills. Simply, with enough liquidity, you can cover up bad (credit risks) by guaranteeing holders they will never default. It’s genius. It’s a “no lose” investment scheme. Unfortunately, we have seen this repeatedly in the past. In the 1980’s it was “Portfolio Insurance” – a “no lose” investment program that eventually erupted into the crash of 1987. But not before the market went into a parabolic advance first. In the 1990’s – it was the dot.com phenomenon which was “obviously” a “no lose” proposition. Even after Alan Greenspan spoke of “irrational exuberance,” two years later the market went parabolic once again. Then in 2006-2007, banks invented the CDO-squared, a collateralized derivative obligation based on other collateralized derivative obligations. It was a genius way to invest with “no risk” because the real estate market had never crashed in history. Today, it is once again an absolute “certainty” that markets will rise from here as global Central Banks have it all under control. What possibly could go wrong? Here is your weekend reading list. Economy & Fed The Fed Should Listen To The Market’s Message by Caroline Baum via MarketWatch The Fed Needs To Read This Economics Book by Simon Constable via US News DAVOS: Something Wicked This Way Comes by Tyler Durden via ZeroHedge Could We Be About To Break Out Of Low Growth “New Normal” by Mohamed El-Erian via FT Does Trump Deserve Credit For Good Economy? by Larry Summers via Washington Post Kashkari: Robust Immigration Vital For Economy by Pedro Da Costa via BI Economy’s Success Is About The Math by Jonathon Trugman via NY Post Markets 5-Scenarios That Could Crash The Market by Tyler Durden via ZeroHedge The Real Source Of The Meltup by Brian Maher via The Daily Reckoning Investing Environment Has Been Perfect, But Could End Soon by James Mackintosh via WSJ BofA Warns Of Frothy Market by Mark DeCambre via MarketWatch Is This The Most Sustainable Bubble Ever? by Simon Maierhofer via MarketWatch Is Anyone Paying Attention by Sven Henrich via Northman Trader Davos: Should You Unload Your Stocksby Shawn Langlois via MarketWatch Are You Ready For The Next Market Melt-DOWN by Michael Kahn via Barron’s Dalio: First Comes The Boom, Then The Bust by Edward Harrison via Credit Writedowns Gauging Contemporary Bubbles by Chris Hamilton via Economica Blog Are Stocks Headed For A Nasty Surprise by Anora Gaudiano via MarketWatch Yusko’s 10-Surprises For 2018 by Robert Heubscher via Advisor Perspectives A Market Valuation That Defies Comparison by Michael Lebowitz via RIA It’s More Than A Matter Of Trust by Doug Kass via RIA Cryptocurrency Mania Beyond The Bitcoin Bubble by Steven Johnson via NYT Coinbase Is Teaming Up To Unleash Crypto On WallStreet by Frank Chaparro via BI IRS Fears Bitcoin Could Starve Government by Holden & Malani via NYT How To Value Cryptocurrencies by John Biggs via Tech Crunch Research / Interesting Reads Why The Next Downturn Won’t Be Like 2008 by Wolf Richter via Wolf Street The Bubble That Could Break The World by James Rickards via The Daily Reckoning The Possibilities Are Frightening by Kevin Muir via The Macro Tourist The Financial Road Map For 2018 by Nomi Prins via The Daily Reckoning Barron’s Roundtable: Bright Outlook For Economy & Stocks by Lauren Rublin via Barron’s Marks: Future Returns Are Low For Every Asset Class by Tyler Durden via ZeroHedge Rising Markets Not Bullish For Everyone by Steven Rattner via NYT Why CAPE Naysayers Are Wrong by Rob Arnott via Research Affiliates The Trendiest Rally In U.S. History by Dana Lyons via The Lyons Share This Market Is Literally Off The Chart by Jesse Felder via The Felder Report “Strategy without tactics is the longest path to victory; tactics without strategy is the noise before defeat.” – Sun Tzu, The Art of War
Here are the percentage changes for the major indices for WTD, MTD, QTD & YTD in 2018- S&P sectors for the past week-
February’s performance generally improves in midterm years Since 1950, February is up only slightly more than half the time and up marginally on average. However, small cap stocks, benefiting from “January Effect” carry over; tend to outpace large cap stocks in February. The Russell 2000 index of small cap stocks turns in an average gain of 1.2% in February since 1979—just the seventh best month for that benchmark. In midterm years, February’s performance generally improves with average returns all increasing. Here again it is the Russell 2000 small-cap index that shines brightest gaining 1.9% on average since 1982. Russell 1000 is second best, averaging gains of 1.3% since 1982. DJIA and S&P 500 average gains of 1.0% (since 1950) while NASDAQ lags with average advance of 0.7% (since 1974). Double-Digit Year/Year Declines in the Dollar Jan 26, 2018 The falling dollar has become a hot topic of conversation this week as back and forth comments from Treasury Secretary Mnuchin regarding the Administration’s view on the greenback caused some confusion in markets and among investors. While the dollar has been weak to kick off 2018, it is only the continuation of the same trend we saw in 2017 after the US Dollar Index peaked in late 2016 right after the election of President Trump. The chart below shows the y/y change in the US Dollar Index going back to 1972 where readings below the red line indicate y/y declines of more than 10% and readings above the green line indicate periods when the US Dollar Index was up over 20% y/y. With a decline of 11.64% since this point last year, the Dollar Index is seeing its worst y/y decline since June 2011 when financial markets were growing skittish about the impasse over the budget and debt ceiling in Congress. Looking back over time, though, a double-digit percentage decline in the US Dollar Index is not too uncommon. In the last 46 years, there have been 12 distinct periods where the US Dollar Index was down by as much or even more than the decline over the last year. What is a lot less common than the recent decline in the US Dollar Index, however, is the magnitude of the gain that preceded it. Back in mid-2015, the US Dollar Index was up over 20% on y/y basis for its strongest one-year gain since the lows of the Financial Crisis, and before that, there were only four other periods where the dollar rallied by a similar magnitude. Like just about every other strong rally in the US Dollar Index, the one in 2015 was also met with a period of weakness/mean reversion. When it comes to the dollar, its moves have a big impact on stock price performance. Using our International Revenues Database (available to Premium and Institutional members), we have created two baskets of S&P 500 stocks. The first one – Domestics – is comprised of companies that generate 90% or more of their revenues inside the United States. The other basket – Internationals – is made up S&P 500 stocks that derive more than half of their revenue outside the United States. The chart below summarizes the performance of both baskets since the start of 2017, just when the US Dollar Index was peaking. Looking at the results, the performance figures aren’t even close. While the Domestics have seen a gain of just over 15% during this span, the International basket has more than doubled that with a gain of 33.5%! To see just how closely correlated stock performance based on revenue exposure is to moves in the dollar, the lower chart compares the spread in performance between the Domestics and the Internationals to the US Dollar Index. Outside of a brief period towards the end of 2017 when the tax reform bill was moving through Congress, whenever the dollar declines, Domestics underperform Internationals and vice versa. The Energizer Market Jan 23, 2018 The S&P 500 notched yet another new all-time high today. Below is an updated look at our tables highlighting the length of days it has been since the last meaningful pullback. As shown, we’re now at 445 days since the last 3%+ pullback (a record), 575 days since the last 5%+ pullback (18 days from a record), 712 days since the last 10%+ pullback (not close to a record), and 3,242 days since the last 20%+ pullback (2nd longest). Another 100+ Trading Day Streak Without a 1%+ Decline Jan 23, 2018 We’ve been saying this for a while now, but the next time the S&P 500 experiences a drop of more than 1%, it’s going to feel like a crash to many investors. That’s because 1%+ down days have become so foreign lately. As investors get used to only very small declines on very rare occasions, drops of 1%-2% — which were much more frequent up until the end of 2016 — feel MUCH more painful when they finally do occur. Below is a chart showing historical streaks of trading days without a 1%+ down day going back to 1945. While the current streak of 108 trading days isn’t that close to the record streak of 184 trading days seen back in 1963, it’s notable that we just had a 109-trading day streak end last March as well. Prior to the two recent 100+ trading day streaks without a 1%+ down day, the last two came back in 1995. 1995 was a year that saw very similar action to what we’ve seen over the last 12 months. If we tighten up the margin of the decline even more, the S&P 500 has not had a decline of 0.60% in 96 trading days. As shown below, that’s easily a record going back to 1945! Technical Trends: Emerging Markets Could Benefit From China Strength Posted by lplresearch The MSCI China Index is showing signs of a break out from a multi-year base in the form of a bullish cup-and-handle chart pattern, an indicator of future pricing1. If this type of pattern executes the index may continue to climb higher over the long term. The current pattern, which began in April 2015, took approximately two-and-a-half years to form its base, or cup. During November and December 2017, the handle became more visible (see chart). This January, the index price has remained above the 92 level for three trading weeks, signaling a bullish catalyst, and increasing the likelihood that the pattern executes to the upside, and the price continues higher over the long term. Only time will tell if China’s bullish momentum will result in a continued move higher for the emerging markets as whole. However, as always, we note that it may be prudent to wait for further confirmation of these types of long-term trend reversals prior to investing, in order to help mitigate the risk of a false signal. Stay tuned to the LPL Research blog for future analysis of the emerging markets.
Stock Market Analysis for Week Ending 1.26.18 Video from AlphaTrends Brian Shannon ShadowTrader Video Weekly 1.28.18 - The #FOMOMU continues.... Video from ShadowTrader Peter Reznicek
Here are the current indices pullback/correction levels (for if, IF this market ever decides to pullback...yeah, right!) as of this week ending- ...and here are the rally levels for if this market continues to rocket up to new highs as of this week ending-
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 1.29.18 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! Monday 1.29.18 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! Tuesday 1.30.18 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 1.30.18 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 1.31.18 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 1.31.18 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 2.1.18 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 2.1.18 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 2.2.18 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 2.2.18 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES! NONE.
Here are the scheduled earnings before the market opens on Monday- ($LMT $STX $D $ADNT $AMG $SOHU $ARLP $CYOU $DM $PROV $AHGP $ACBI $CFFN $FBP $DST)
Stockaholics come join us on our stock market challenge threads for this upcoming trading week ahead!- ======================================================================================================== Stockaholics Daily Stock Pick Challenge & SPX Sentiment Poll for Monday (1/29) <-- click there to cast your daily market vote and stock pick! Stockaholics Weekly Stock Picking Contest & SPX Sentiment Poll (1/29-2/2) <-- click there to cast your weekly market vote and stock picks! ======================================================================================================== We also have our monthly stock picking and market sentiment poll up for February!- Stockaholics February 2018 Stock Picking Contest & SPX Sentiment Poll <-- click there to cast your monthly market vote and stock picks! ======================================================================================================== And finally, we have a brand spanking new mystery chart challenge now up! Weekly Mystery Chart & Technical Analysis Challenge (1/29-2/2) <-- click there to participate! ======================================================================================================== It would be pretty sweet to see some of you join us and participate on these! I hope you all have a fantastic weekend ahead!
And as promised here are the most anticipated earnings calendar for this upcoming trading week ahead: ($AAPL $BABA $FB $AMZN $AMD $MSFT $BA $PYPL $LMT $GOOGL $V $STX $MCD $T $PFE $ALGN $MA $AKS $UPS $X $EA $BX $S $XOM $NUE $QCOM $EBAY $HOG $SIRI $GLW $GPRO $AET $KEM $PHM $D $NOK $CVX $SAP $AMGN $AMG $ADNT $PII $LLY $ANTM $DHR $MO) Apple, Inc. $171.51 Apple, Inc. (AAPL) is confirmed to report earnings at approximately 4:30 PM ET on Thursday, February 1, 2018. The consensus earnings estimate is $3.81 per share on revenue of $85.80 billion and the Earnings Whisper ® number is $3.94 per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat The company's guidance was for earnings of $3.56 to $3.80 per share. Consensus estimates are for year-over-year earnings growth of 13.39% with revenue increasing by 9.51%. The stock has drifted lower by 1.4% from its open following the earnings release to be 8.5% above its 200 day moving average of $158.06. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, January 26, 2018 there was some notable buying of 33,787 contracts of the $175.00 call expiring on Friday, February 2, 2018. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 3.8% move in recent quarters. Alibaba Group Holding Ltd. $205.22 Alibaba Group Holding Ltd. (BABA) is confirmed to report earnings at approximately 6:55 AM ET on Thursday, February 1, 2018. The consensus earnings estimate is $1.65 per share on revenue of $12.00 billion and the Earnings Whisper ® number is $1.74 per share. Investor sentiment going into the company's earnings release has 84% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 20.44% with revenue increasing by 56.47%. The stock has drifted higher by 7.5% from its open following the earnings release to be 28.3% above its 200 day moving average of $160.00. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, January 18, 2018 there was some notable buying of 25,009 contracts of the $105.00 put expiring on Friday, February 16, 2018. Option traders are pricing in a 6.7% move on earnings and the stock has averaged a 2.5% move in recent quarters. Facebook Inc. $190.00 Facebook Inc. (FB) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, January 31, 2018. The consensus earnings estimate is $1.96 per share on revenue of $12.56 billion and the Earnings Whisper ® number is $2.05 per share. Investor sentiment going into the company's earnings release has 82% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 38.03% with revenue increasing by 42.58%. The stock has drifted higher by 5.2% from its open following the earnings release to be 14.5% above its 200 day moving average of $166.00. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, January 8, 2018 there was some notable buying of 33,492 contracts of the $180.00 call and 33,213 contracts of the $180.00 put expiring on Friday, February 16, 2018. Option traders are pricing in a 5.9% move on earnings and the stock has averaged a 2.4% move in recent quarters. Amazon.com, Inc. - Amazon.com, Inc. (AMZN) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, February 1, 2018. The consensus earnings estimate is $1.85 per share on revenue of $59.98 billion and the Earnings Whisper ® number is $1.89 per share. Investor sentiment going into the company's earnings release has 81% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 20.13% with revenue increasing by 37.13%. Short interest has decreased by 7.1% since the company's last earnings release while the stock has drifted higher by 32.5% from its open following the earnings release to be 35.3% above its 200 day moving average of $1,035.90. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, January 25, 2018 there was some notable buying of 2,554 contracts of the $1,360.00 call expiring on Friday, February 16, 2018. Option traders are pricing in a 6.9% move on earnings and the stock has averaged a 4.3% move in recent quarters. Advanced Micro Devices, Inc. $12.95 Advanced Micro Devices, Inc. (AMD) is confirmed to report earnings at approximately 4:20 PM ET on Tuesday, January 30, 2018. The consensus earnings estimate is $0.05 per share on revenue of $1.40 billion and the Earnings Whisper ® number is $0.06 per share. Investor sentiment going into the company's earnings release has 72% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 350.00% with revenue increasing by 26.58%. Short interest has increased by 9.5% since the company's last earnings release while the stock has drifted sidways from its open following the earnings release to be 3.8% above its 200 day moving average of $12.48. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, January 18, 2018 there was some notable buying of 26,097 contracts of the $10.00 call expiring on Friday, April 20, 2018. Option traders are pricing in a 11.5% move on earnings and the stock has averaged a 12.8% move in recent quarters. Microsoft Corp. $94.06 Microsoft Corp. (MSFT) is confirmed to report earnings at approximately 4:10 PM ET on Wednesday, January 31, 2018. The consensus earnings estimate is $0.86 per share on revenue of $28.35 billion and the Earnings Whisper ® number is $0.90 per share. Investor sentiment going into the company's earnings release has 86% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 3.61% with revenue increasing by 17.68%. Short interest has decreased by 9.6% since the company's last earnings release while the stock has drifted higher by 11.6% from its open following the earnings release to be 23.7% above its 200 day moving average of $76.02. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, January 25, 2018 there was some notable buying of 29,317 contracts of the $95.00 call and 20,836 contracts of the $95.00 put expiring on Friday, February 16, 2018. Option traders are pricing in a 4.9% move on earnings and the stock has averaged a 3.2% move in recent quarters. Boeing Co. $343.22 Boeing Co. (BA) is confirmed to report earnings at approximately 7:30 AM ET on Wednesday, January 31, 2018. The consensus earnings estimate is $2.91 per share on revenue of $24.74 billion and the Earnings Whisper ® number is $2.98 per share. Investor sentiment going into the company's earnings release has 82% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 17.81% with revenue increasing by 6.24%. Short interest has decreased by 3.5% since the company's last earnings release while the stock has drifted higher by 29.6% from its open following the earnings release to be 43.3% above its 200 day moving average of $239.59. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, January 8, 2018 there was some notable buying of 5,305 contracts of the $175.00 put expiring on Friday, February 16, 2018. Option traders are pricing in a 5.8% move on earnings and the stock has averaged a 3.9% move in recent quarters. PayPal $85.45 PayPal (PYPL) is confirmed to report earnings at approximately 4:10 PM ET on Wednesday, January 31, 2018. The consensus earnings estimate is $0.52 per share on revenue of $3.63 billion and the Earnings Whisper ® number is $0.55 per share. Investor sentiment going into the company's earnings release has 84% expecting an earnings beat The company's guidance was for earnings of $0.50 to $0.52 per share. Consensus estimates are for year-over-year earnings growth of 23.81% with revenue increasing by 21.77%. Short interest has decreased by 37.6% since the company's last earnings release while the stock has drifted higher by 19.8% from its open following the earnings release to be 36.5% above its 200 day moving average of $62.60. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, January 23, 2018 there was some notable buying of 5,062 contracts of the $90.00 call expiring on Friday, January 18, 2019. Option traders are pricing in a 6.2% move on earnings and the stock has averaged a 5.6% move in recent quarters. Lockheed Martin Corp. $344.90 Lockheed Martin Corp. (LMT) is confirmed to report earnings at approximately 7:30 AM ET on Monday, January 29, 2018. The consensus earnings estimate is $4.06 per share on revenue of $14.75 billion and the Earnings Whisper ® number is $4.13 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 24.92% with revenue increasing by 7.26%. Short interest has increased by 19.2% since the company's last earnings release while the stock has drifted higher by 9.6% from its open following the earnings release to be 15.4% above its 200 day moving average of $298.78. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, January 26, 2018 there was some notable buying of 1,924 contracts of the $350.00 call expiring on Friday, February 2, 2018. Option traders are pricing in a 3.2% move on earnings and the stock has averaged a 2.6% move in recent quarters. Alphabet, Inc. - Alphabet, Inc. (GOOGL) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, February 1, 2018. The consensus earnings estimate is $10.12 per share on revenue of $25.67 billion and the Earnings Whisper ® number is $10.35 per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 5.86% with revenue decreasing by 1.51%. Short interest has increased by 14.6% since the company's last earnings release while the stock has drifted higher by 15.5% from its open following the earnings release to be 19.8% above its 200 day moving average of $990.88. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, January 11, 2018 there was some notable buying of 1,300 contracts of the $1,100.00 call expiring on Friday, February 16, 2018. Option traders are pricing in a 5.2% move on earnings and the stock has averaged a 2.7% move in recent quarters.
Good Monday morning to all. The pre-market thread has been posted- <-- click there to read! Here's to a great trading week to everyone in here this week!
I missed this post from last week's thread so just c&p'ing over to here. This is really awesome to hear @T0rm3nted!
Market well off the lows. Homebuilders not doing so hot today most likely due to the higher interest rates, and if rates continue to go higher especially at a quick pace, then we should finally see a little bit of a pullback for this red hot equity market
Barring some huge meltdown today, this will be trading day # 400 since the SPX last dipped -5% from the highs. Yes, this is indeed the all time record. Never gone this long before. In addition, today could be the 112th consecutive day w/o a -1% daily close lower for SPX which is the longest since '85. Last but not least how 'bout this for a stat! The SPX still hasn't closed down by -0.60% for 99 consecutive trading day! This is by far the longest streak ever in history. 86 trading days in 1965 was the prior record. Whoa!
