good morning traders! the pre-market stock movers & news post is now up- <-- click there to read! hope everyone has a really good trading day in here today.
Financial Sector Earnings Reports on Deck Less than 100 companies will report earnings between now and next Friday, but this week mark’s the official kick-off to the Q4 2017 earnings reporting season. Below is a list of the 30 largest companies set to report between now and January 19th. As you can see, the bulk of large-cap companies set to report over the next 10 days are in the Financial sector. On Friday alone, we’ll hear from JP Morgan (JPM), Wells Fargo (WFC), BlackRock (BLK), and PNC. How these Financials react to their earnings reports will be an important early signal as to how investors plan to trade earnings this season. As we highlighted yesterday in a Chart of the Day, analysts have gotten extremely bullish ahead of this earnings season, hiking EPS estimates at their fastest pace in ten years. (Bloomberg featured our data in an article on this topic this morning.) The data included in our table below is pulled from our Interactive Earnings Calendar (which you can use this earnings season by starting a 14-day free trial to Bespoke Premium). For each stock, we show its estimated report date and time, its EPS and revenue estimate, and its historical earnings and revenue beat rate (% of time it has beaten consensus estimates). We also show how the stock has historically traded on its earnings reaction days, which is the first trading day following its past quarterly reports. As you can see in the table, UnitedHealth (UNH), Goldman Sachs (GS), JP Morgan (JPM), and Synchrony Financial (SYF) are the stocks set to report soon that have historically beaten EPS estimates the most often. In terms of price reactions, Delta Air Lines (DAL), BlackRock (BLK), CSX, Morgan Stanley (MS), KeyCorp (KEY), and Canadian Pacific (CP) have historically gone up the most on their earnings reaction days. Interactive Brokers (IBKR), Bank of America (BAC), and IBM have historically reacted the most negatively to earnings reports.
"Markets in Europe appeared set to snap a four-day rally, taking a steep dive in the morning, before paring losses in afternoon trade. Frankfurt's DAX fell 0.9% and the CAC-40 in Paris slumped 0.4%, while London's FTSE 100 reversed early losses into into a 0.1% gain."
not a trade idea here but I think we'll see the days lows once again ( or lower ) as this China treasuries news gets digested over the lunch break
whelp, it's looking like this may be in jeopardy today (although at the time of this post the market is making a valiant effort to go positive we'll see what happens at today's close) either way, and not to make too much out of this, we did register a positive SCR & FFD, and even if the JB were to end red, the next 11 months and the full year is looking okay historically speaking. of the last 39 years since 1950 that both the SCR & FFD were both positive, the next eleven months and full year advanced 87.2% of the time with gains of 11.5% and 14.0% respectively. table courtesy of stock traders almanac- Spoiler: Click to Show! also worth noting that we're now exactly 14 months in since the last -3% market pullback. the previous record was 11 1/2 months from the mid-'90s which we've smashed. the SPX also hasn't endured a -5% drawdown in 387 days. we just passed the 2nd longest mark at 386 days from the mid-'60s. The record for the longest streak w/o a -5% dip is 394 days in a row from the mid-'90s. absent something horrible, it looks as though we'll break this record as well.
good morning! the pre-market stock movers & news post is up- <-- click there to read! here's to a good trading day to all in here today.
