Welcome Stockaholics to the trading week of June 19th! This past week saw the following moves in the S&P: Major Indices End of Week: N/A. 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 8:00 a.m. New York Fed President William Dudley 7:00 p.m. Chicago Fed President Charles Evans Tuesday Earnings: Lennar, Adobe, FedEx 8:30 a.m. Current account 8:30 a.m. Philadelphia Fed 3:00 p.m. Dallas Fed President Robert Kaplan Wednesday Earnings: Oracle, Winnebago, CarMax 10:00 a.m. Existing home sales Thursday Earnings: Bed, Bath and Beyond, Barnes and Noble, Sonic, Accenture 8:30 a.m. Initial claims 9:00 a.m. FHFA home prices 10:00 a.m. Fed Gov. Jay Powell at Senate Banking Friday Earnings: Blackberry, Finish Line 9:45 a.m. Manufacturing PMI 10:00 a.m. New home sales 10:15 a.m. St. Louis Fed President James Bullard 12:40 p.m. Cleveland Fed President Loretta Mester 2:15 p.m. Fed Gov. Powell
'Bricks & Slaughter' - Amazon Deal Slams Stocks As Yield Curve Crashes Seemed appropriate... As a reminder, US economic data has not disappointed this much since August 2011... This is the 13th straight week of disappointment for US economic data, and this week is the 2nd worst weekly economic disappoitment since June 2011. The week saw Tech stocks hurt the most (this is the biggest two-week drop for S&P Tech Sector since Brexit) leaving the S&P scrmabled barely into the green, Trannies best, but Nasdaq and Small Caps the biggest losers... (NOTE the panic bid into the close as quad witch closed out...) VIX was crushed into the close as quad-witch caught up with the market. in a desperate attempt to close S&P green... even USDJPY was dragged in to play too Retailers were the worst hit on the week as Amazon's acquisition rippled through almost everything... While value and growth remain divergent, we note that on the week, growth outperformed value... Despite AMZN's big bounce (paying for its WFM acquisition in market cap gains), it remains well below last Thursday's pre-plunge close... This is the worst drop for FANG Stocks since the post-election hangover... Of course, today's headlines were all about Amazon (and Whole Foods)... Notably the correlation between the market and retailer stocks has collapsed... Despite the 36-hour meltup in the dollar after The Fed hiked rates, the Dollar Index is closing lower for 3rd week in a row, at its lowest weekly close since September... CAD and AUD were strongest on the week and JPY weakest... Treasury yields fell on the week, retracing yesterday's loses today back to pre-Fed lows... The yield curve collapsed... Notably, HY Energy credit risk is beginning to get very serious again... As RBC notes, US HY Energy spreads hit 7 month highs yesterday, not surprisingly as crude broke to new lows. Here is further color from my man on the desk Dave Schulte, who highlights that some of these sellers are actually now harvesting LOSSES as opposed to taking-profits, which is amazing considering the enormous scale of the rally seen since early last year: “High yield E&P bonds tracked oil prices downward, hitting a succession of lower lows as the week progressed. Crude-focused beta credits (i.e. lower quality assets and/or high financial leverage) are weaker by as much as 6.5pts. Higher quality names (good assets in core plays with manageable capital structures) held up better, in part due to greater interest rate sensitivity, closing the week 2-3pts lower. Trading activity was very balanced until today; buyers now seem to be on hold, leaving sellers to push paper lower despite a modest uptick in crude.” The historically tight correlation between breakevens and risk appetite for stocks has collapsed with the former tumbling below pre-Trump levels as stocks hit record highs... Commodities were all broadly lower on the week, despite a weaker dollar week-over-week.. This is the 4th weekly drop in a row - the longest losing streak for crude since Aug 2015, closing at the lowest weekly close since the election... Notably, the copper-to-crude ratio has reached back above the 5.5x historical resistance level... Gold was sold once again after tagging pre-Trump levels... Bonus Chart: WTF!!!
Spoiler: Weekend Reading: Charged With Obstruction Authored by Lance Roberts via RealInvestmentAdvice.com, No! I am not talking about President Trump but rather the crash in both Technology stocks, and Oil prices, which are obstructing the continuation of the “bull market.” As I discussed this past Tuesday, the mini “flash crash” in Technology certainly woke investors up. “While there is certainly damage being wrought in the Technology and Discretionary sectors, the rotation to Financials, Energy, Small and Mid-Capitalization areas are offsetting the correctionary process. As shown below, the markets remain confined to the bullish trend currently while the overbought condition is being reduced.” As shown in the updated chart below, despite all of the “angst” there has been relatively little price deterioration to date. While the Nasdaq has primarily been under pressure from the unwinding of the excess in the main #FANMAG ($FB, $AAPL, $NFLX, $MSFT, $AMZN & $GOOG) stocks, as shown below, some performance pickup by small and mid-capitalization stocks, as well as emerging markets, limited portfolio damage over the last few days. As money rotates wildly between sectors and markets, in a clear attempt to stay invested, the risk of a decoupling has risen in recent weeks. This is particularly the case if it either becomes clear Trump’s legislative agenda is not going to progress OR earnings begin to disappoint. I believe BOTH of those outcomes are highly likely. First, with Trump embroiled in investigations, allegations, and general revolt, the ability to progress on legislative agendas has become markedly more difficult. However, the bigger issue is the potential disappointment in earnings expectations as sliding oil prices feed through in the next quarter. With the recent break below $45/bbl, there is a real possibility that a test of $40 is coming. With revenues and CapEx already suppressed, the negative feedback into earnings, expectations, and outlooks is increasing. I would expect to start seeing earnings expectations through the end of the year get trimmed back in the next couple of months. The problem, of course, is that makes the current valuation arguments that much more difficult to justify. That could weigh on investor’s portfolios sooner rather than later. In the meantime, here is what I am reading this weekend. Politics/Fed/Economy Housing In America: Movin’ On Up by Danielle Dimartino-Booth via MoneyStrong Economic Predictor Moving Towards Recession Sign by Jonathan Garber via BI Stockman: Budget Projections A Fantasy by Craig Wilson via Daily Reckoning Fed’s Plan To Shrink Balance Sheet May Have A Problem by Pedro Da Costa via BI Business Say They’re Confident, Merger Numbers Disagree by Caroline Baum via MarketWatch Here Is The Fed’s Plan To Unwind Its Balance Sheet by Bob Bryan via Business Insider 93% Of Employment Gains Are “B.S.” by Morninghill Capital via RIA Fed Hikes Rates, Yields Drop by James Picerno via Capital Spectator If Jobless Rate So Low, Why Do Americans Feel Bad by Alia Dastagir via USA Today Fed’s Financial Stability Concerns by Edward Harrison via Credit Writedowns End Of Recovery Nearer Than Believed by Robert Johnson via MorningStar The Most Dangerous Part Of Killing Dodd-Frank by Matt Egan via CNN Money All Uncertainty From D.C. Not Created Equal by Ray Keating via Real Clear Markets Infrastructure Won’t Create More Jobs by Jeff Harding via An Independent Mind Markets U.S. Oil Companies Face A Huge Problem by Tsvetana Paraskova via OilPrice.com BofA: Gray Days – I Watch But Nothing Moves by Tyler Durden via ZeroHedge The S&P Has Only Done This 8-Times by The Heisenberg via Talk Markets Ominous Pattern For Big Technology by Nigam Arora via MarketWatch Biggest Problems For Investors Today by David Merkel via The Aleph Blog Sometimes “Smart Money” Is Dumb Too by Jason Zweig via Intelligent Investor Some Indicators Are VERY Overvalued by John Mauldin via Mauldin Economics Are FANG Stocks Really Dead by Michael Kahn via Barron’s This Market Action Is About Machines by Doug Kass via Real Clear Markets Financial Markets Are Increasingly At Risk by Bill Gross via Janus Capital 5-Charts On Oil by James Heron via Bloomberg Patience Is The Way To Earn Alpha by Anora Mahmudova via MarketWatch Equity Valuations: It’s Different This Time by Jeffrey Snider via Alhambra Partners Research / Interesting Reads What Happens When Machines Start Selling by Wolf Richter via Wolf Street The Fed Needs A New Theory by Scott Sumner via The Money Illusion Why Retirees Shouldn’t Shun Market by Anna-Louise Jackson via USA Today GOP Is Shredding Financial Protection by Katrina Vanden Heuvel via The Nation The Scariest Chart For Central Bankers by Tyler Durden via ZeroHedge Still Crazy After All These Years by Cliff Asness via AQR Capital Management The Limiting Qualities Of Black Box Algo’s by Gary Smith via MarketWatch Debt Limit Nightmares Coming True? by Brian Beutler via The New Republic Don’t Fear Robots, Fear Low Savings & Investment by Nathan Lewis via Forbes Fed Will Start Cutting Rates By End Of Year by John Crudele via NY Post A Speculation On How This Recovery Ends by Conor Sen via Bloomberg Fair Value And Bubbles: 2017 Edition by John Hussman via Hussman Funds Tech Panic Quickly Deflating by Dana Lyons via Tumblr Is This What A Blow-off Stage Looks Like 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 past week-
DJIA Down 24 of Last 27 Weeks after June Option Expiration This June options expiration week, DJIA was the star performer up 0.53% for the week. S&P 500 logged a fractional 0.06% gain while NASDAQ was weakest, down 0.90%. Historically, next week has been horrendous for DJIA, S&P 500 and to a slightly lesser degree NASDAQ. DJIA has dropped 24 times in 27 years during the week after June option expiration. DJIA’s average loss is 1.1%. S&P 500 is somewhat better with 20 losses and an average loss of 0.76%. NASDAQ has the best record since 1990 and yet still has 15 loses since 1990 and its average performance is –0.29%. Gold’s Struggles Could Last Through End of June Yesterday’s post identified June as gold’s (continuously-linked, non-adjusted, front-month futures contract) second worst performing month of the year based upon average performance. Today’s preliminary settle price from the CME Group has the shiny stuff down $21.30 per ounce (–1.67%) today, in line with June’s history of weakness. Based upon the chart above of gold’s past performance, presented on a trading day basis, gold is likely to continue to trade in a choppy sideways to lower pattern for the balance of the month. If gold follows the path of past post-election years, it could finish June with losses approaching 3% and near the lows of the month. Disclosure Note: Officers of the Hirsch Organization, or accounts they control held a position in GLD. June is Gold’s Second Worst Performing Month Just as widely anticipated, the Fed did raise rates today by 0.25% to a new range of 1-1.25%. The market’s response was mixed with DJIA finishing the day modestly higher while S&P 500 and NASDAQ finished modestly lower. Gold’s reaction was less favorable, finishing down nearly 0.5% after starting the day well into positive territory. Generally, the higher interest rates go, the less desirable gold can become. Gold does not have a yield and typically storage of physical gold has a cost. However, today’s weakness (or anytime throughout the remainder of the month) might just turn out to be a good buying opportunity for gold. In the above chart, gold’s monthly performance from 1975 to 2016 is displayed. Historically, October has been gold’s worst month and June is a close second. However, after weakness in June, gold has, on average, enjoyed solid gains in July, August and September. Some of this strength in gold is likely due to safe haven demand during the stock markets worst two months, August and September. Disclosure Note: Officers of the Hirsch Organization, or accounts they control held a position in GLD. The Shot Heard Round the Mall Jun 16, 2017 Death By Amazon is a term we coined years ago to describe how Amazon was single-handedly destroying the margins, businesses, and ultimately prospects of traditional retailers as consumers transitioned from bricks to clicks. Like any pandemic, it started out small and with little fanfare in just books, but then Amazon made the jump to electronics, general merchandise, clothing, and just about every other sector in retailing. For many products that seemed un-Amazonable five years ago, Amazon is now the first place people turn. Even in the entertainment space, Amazon is barreling in. The slide below from a presentation Scott Galloway made in April shows that Amazon is forecasted to spend more on content this year than NBC, ABC, or HBO! As Amazon infects all things retail, investors are piling in on the short side betting against traditional retailers. In this week’s latest update to short interest data, the average level of short interest in retail stocks (as a percentage of float) reached the highest level it has been since the depths of the last recession. All this is based in large part on fears that Amazon will continue to move into the space of traditional retailers and further marginalize them. Things got a lot more real this morning when Amazon announced that it was acquiring Whole Foods for just under $14 billion, and a collective “Oh Sh%$!” was uttered in the headquarters of every other retailer across the country. The reaction in their stocks was immediate. For starters, Amazon saw its market cap increase by 3%, which translates almost exactly to what it is paying for Whole Foods. Outside of these two companies, though, they are dropping like flies. Of the 54 companies that make up our Death By Amazon (DBA) Index, the average decline as of Friday morning was nearly 3%, and the destruction in market cap has been significant. Check out the table below. Seven companies that make up our DBA index have lost at least half a billion dollars in market cap today alone. Leading the way lower, Wal-Mart has lost more than $12 billion, or $2 billion more than the entire market cap of Whole Foods before the deal was announced! In total, the seven companies shown have shed nearly $30 billion in market cap. Earlier this month, some started to think it was safe to get back in the water of retail after stories surfaced that the Nordstrom family was looking to take its namesake company private, but Uncle Jeff quickly put the kibosh on that idea today. S&P 1500 Most Heavily Shorted Stocks Jun 14, 2017 Short interest figures for the end of May were released on Monday after the close, and yesterday we published our semi-monthly look at short interest trends for the S&P 1500 based on market caps, sectors, and groups, as well as stocks with the highest and lowest levels of short interest. We also include an analysis of how the most and least heavily shorted stocks have been performing. The table below contains a summary of the 25 stocks in the S&P 1500 that have the highest levels of short interest as a percentage of float. For each stock, we also include its performance so far in June. Overall, the 25 stocks highlighted below are up an average of 4.92% (median: 4.76%) so far in June compared to a gain of 1.34% for the S&P 1500. Topping the list of most shorted stocks at the end of May were shares of Dillard’s (DDS) and Shake Shack (SHAK), which each have over half of their free-floating shares sold short. While people can’t get enough of their burgers, investors want nothing to do with Shake Shack stock. Despite the negative sentiment towards both stocks, though, each of them are up so far in June. Finally, as has become a common trend in recent months, many of the most shorted stocks listed like Fred’s (FRED), RH, Big 5 Sporting Goods (BGFV), JC Penney (JCP), Rent-A-Center (RCII), and Big Lots (BIG) are connected to retail as negative bets towards the sector continue to pile up. While the prospects for brick and mortar retail aren’t bright, the trade to bet against them has been getting crowded. One More Look at June Seasonality Posted by lplresearch As we noted at the end of May, June is historically one of the weakest months of the year for the S&P 500 Index, and this weakness has been more pronounced over the past 10 years. Per Ryan Detrick, Senior Market Strategist, “Here’s the catch: Most of the weakness tends to happen during the second half of June. Who could forget Brexit late last June for instance? With Fed and Bank of Japan meetings on tap this week, could another dose of June volatility be in store? The big dip in technology on Friday could have been a warning signal, but nothing yet has been able to break the market out of its tranquility. The best bet could simply be the calendar.”
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 6.19.17 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! Monday 6.19.17 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! NONE. Tuesday 6.20.17 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 6.20.17 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 6.21.17 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 6.21.17 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 6.22.17 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 6.22.17 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 6.23.17 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 6.23.17 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 vote where you think the markets will end this upcoming week ahead!- Weekly SPX Poll - Sentiment (6/19-6/23) <-- 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 (6/19-6/23) <-- click there to post your weekly picks for this week! We also have a daily stock picking & market direction guessing challenge running here!- Stockaholics Daily Stock Pick Challenge & SPX Sentiment Poll for Monday (6/19) <-- click there to cast your daily vote & stock pick for Monday! ======================================================================================================== And lastly here are our upcoming monthly and quarterly stock market polls & stock picking challenges- First the polls- Monthly SPX Poll - July 2017 Sentiment <-- click there to cast your monthly vote for July! Quarterly SPX Poll - Q3 Sentiment (July - September) 2017 <-- click there to cast your quarterly vote for Q3! And here are our stock picking challenge threads- Stockaholics July 2017 Stock Picking Contest <-- click there to post your monthly picks for July! Stockaholics Q3 2017 Quarterly Stock Picking Contest <-- click there to post your quarterly picks for Q3! ======================================================================================================== 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!
ShadowTrader Video Weekly 6.18.17 - Tape Reader Live, Key NDX level for next week Video from ShadowTrader Peter Reznicek
It's another pretty light week for ERs this week...the next round for all the earnings reports doesn't get going until next month...nevertheless here are the most anticipated earnings releases for this upcoming week ahead: ($ADBE $ORCL $BBRY $FDX $KMX $RHT $LEN $WGO $ACN $CMC $AZRE $BKS $BBBY $ATU $CCL $MEI $APOG $FINL $SNX $LZB) Adobe Systems, Inc. $137.84 Adobe Systems, Inc. (ADBE) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, June 20, 2017. The consensus earnings estimate is $0.95 per share on revenue of $1.73 billion and the Earnings Whisper ® number is $0.98 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 approximately $0.94 per share. Consensus estimates are for year-over-year earnings growth of 33.80% with revenue increasing by 23.69%. Short interest has decreased by 3.0% since the company's last earnings release while the stock has drifted higher by 7.3% from its open following the earnings release to be 18.3% above its 200 day moving average of $116.55. Overall earnings estimates have been unchanged since the company's last earnings release. On Thursday, June 15, 2017 there was some notable buying of 7,205 contracts of the $145.00 call expiring on Friday, July 21, 2017. Option traders are pricing in a 5.1% move on earnings and the stock has averaged a 4.1% move in recent quarters. Oracle Corp. $45.09 Oracle Corp. (ORCL) is confirmed to report earnings at approximately 4:00 PM ET on Wednesday, June 21, 2017. The consensus earnings estimate is $0.78 per share on revenue of $10.46 billion and the Earnings Whisper ® number is $0.80 per share. Investor sentiment going into the company's earnings release has 67% expecting an earnings beat The company's guidance was for earnings of $0.78 to $0.82 per share. Consensus estimates are for earnings to decline year-over-year by 4.88% with revenue decreasing by 1.26%. The stock has drifted lower by 2.8% from its open following the earnings release to be 9.0% above its 200 day moving average of $41.37. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, June 13, 2017 there was some notable buying of 37,606 contracts of the $45.00 call expiring on Friday, September 15, 2017. Option traders are pricing in a 4.3% move on earnings and the stock has averaged a 4.5% move in recent quarters. BlackBerry $10.53 BlackBerry (BBRY) is confirmed to report earnings at approximately 7:00 AM ET on Friday, June 23, 2017. The consenus estimate is for breakeven results on revenue of $264.00 million and the Earnings Whisper ® number is $0.03 per share. Investor sentiment going into the company's earnings release has 62% expecting an earnings beat. Consensus estiamtes are for year-over-year revenue to decline 34.00%. Short interest has decreased by 10.0% since the company's last earnings release while the stock has drifted higher by 39.8% from its open following the earnings release to be 31.8% above its 200 day moving average of $7.99. On Thursday, June 1, 2017 there was some notable buying of 5,013 contracts of the $12.00 call expiring on Friday, September 15, 2017. Option traders are pricing in a 9.1% move on earnings and the stock has averaged a 7.0% move in recent quarters. FedEx Corp. $210.50 FedEx Corp. (FDX) is confirmed to report earnings at approximately 4:15 PM ET on Tuesday, June 20, 2017. The consensus earnings estimate is $3.89 per share on revenue of $15.56 billion and the Earnings Whisper ® number is $3.90 per share. Investor sentiment going into the company's earnings release has 63% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 17.88% with revenue increasing by 19.89%. Short interest has increased by 15.1% since the company's last earnings release while the stock has drifted higher by 7.6% from its open following the earnings release to be 12.7% above its 200 day moving average of $186.80. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, June 2, 2017 there was some notable buying of 3,556 contracts of the $210.00 call expiring on Friday, July 21, 2017. Option traders are pricing in a 4.8% move on earnings and the stock has averaged a 5.1% move in recent quarters. Carmax Inc $60.69 Carmax Inc (KMX) is confirmed to report earnings at approximately 7:35 AM ET on Wednesday, June 21, 2017. The consensus earnings estimate is $0.98 per share on revenue of $4.52 billion and the Earnings Whisper ® number is $1.00 per share. 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 8.89% with revenue increasing by 9.54%. Short interest has increased by 36.9% since the company's last earnings release while the stock has drifted higher by 10.2% from its open following the earnings release to be 1.5% above its 200 day moving average of $59.81. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, June 16, 2017 there was some notable buying of 7,188 contracts of the $61.00 call and 3,154 contracts of the $59.00 put expiring on Friday, June 23, 2017. Option traders are pricing in a 7.5% move on earnings and the stock has averaged a 4.8% move in recent quarters. Red Hat, Inc. $87.85 Red Hat, Inc. (RHT) is confirmed to report earnings at approximately 4:15 PM ET on Tuesday, June 20, 2017. The consensus earnings estimate is $0.53 per share on revenue of $646.72 million and the Earnings Whisper ® number is $0.55 per share. Investor sentiment going into the company's earnings release has 64% expecting an earnings beat The company's guidance was for earnings of $0.52 to $0.53 per share on revenue of $643.00 million to $650.00 million. Consensus estimates are for year-over-year earnings growth of 1.92% with revenue increasing by 13.88%. Short interest has decreased by 36.1% since the company's last earnings release while the stock has drifted higher by 1.6% from its open following the earnings release to be 9.2% above its 200 day moving average of $80.47. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, June 9, 2017 there was some notable buying of 5,607 contracts of the $95.00 call expiring on Friday, July 21, 2017. Option traders are pricing in a 7.1% move on earnings and the stock has averaged a 5.4% move in recent quarters. Lennar Corp. $52.93 Lennar Corp. (LEN) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, June 20, 2017. The consensus earnings estimate is $0.78 per share on revenue of $2.89 billion and the Earnings Whisper ® number is $0.82 per share. Investor sentiment going into the company's earnings release has 62% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 17.89% with revenue increasing by 5.25%. Short interest has decreased by 8.3% 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 13.3% above its 200 day moving average of $46.72. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, June 15, 2017 there was some notable buying of 8,776 contracts of the $57.50 call expiring on Friday, July 21, 2017. The stock has averaged a 2.2% move on earnings in recent quarters. Winnebago Industries, Inc. $28.95 Winnebago Industries, Inc. (WGO) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, June 21, 2017. The consensus earnings estimate is $0.66 per share on revenue of $442.58 million and the Earnings Whisper ® number is $0.67 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 24.53% with revenue increasing by 62.67%. Short interest has increased by 22.5% since the company's last earnings release while the stock has drifted lower by 2.7% from its open following the earnings release to be 2.3% below its 200 day moving average of $29.63. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, May 30, 2017 there was some notable buying of 632 contracts of the $25.00 put expiring on Friday, July 21, 2017. The stock has averaged a 5.6% move on earnings in recent quarters. Accenture Ltd. $127.56 Accenture Ltd. (ACN) is confirmed to report earnings at approximately 7:05 AM ET on Thursday, June 22, 2017. The consensus earnings estimate is $1.51 per share on revenue of $8.83 billion and the Earnings Whisper ® number is $1.54 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 7.09% with revenue decreasing by 1.55%. Short interest has increased by 34.6% since the company's last earnings release while the stock has drifted higher by 4.0% from its open following the earnings release to be 7.5% above its 200 day moving average of $118.66. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, June 9, 2017 there was some notable buying of 3,054 contracts of the $125.00 put expiring on Friday, July 21, 2017. Option traders are pricing in a 4.5% move on earnings and the stock has averaged a 4.2% move in recent quarters. Azure Power Global Limited $15.75 Azure Power Global Limited (AZRE) is confirmed to report earnings at approximately 6:45 AM ET on Monday, June 19, 2017. The consensus estimate is for a loss of $0.02 per share. Investor sentiment going into the company's earnings release has 47% expecting an earnings beat. Short interest has increased by 22.0% since the company's last earnings release while the stock has drifted lower by 13.2% from its open following the earnings release. Overall earnings estimates have been revised lower since the company's last earnings release.
To all of you wonderful dad's out there wishing y'all a very Happy Father's Day on Sunday! (just posting this up now in case i'm unable to get this out by tomorrow)
I think this market is due for a ginormous crash, when we least expect it. Of course, I think it's coming anytime now. Which means it'll probably come a year from now, when I'm broke.
Even Tech gets a Trump Bump https://finance.yahoo.com/video/trump-meet-tech-ceos-monday-150650800.html Tech CEOs including Amazon's Jeff Bezos and Apple's Tim Cook meet with President Trump at the White House today, trying to help the government upgrade computer systems, cut waste and save up to *$1 trillion* over ten years. Yahoo Finance's Myles Udland and Melody Hahm discuss whether these meetings are more for show than substance.
pretty resilient markets eh? ... i know i've said that about an umpteenth amount times over the past couple of months lol and @Baggi honestly it wouldn't surprise me in the least if this thing does continue on for another year ... or two, or three, or four, etc ... you get the picture i posted a chart here not too long ago showing all of the past bull markets in history ... this one is currently the 2nd longest ... only the raging 90s bull run was the longest ever which went from 1987 to the peak of the dot com boom in 2000 although this is really looking waaaaaay ahead at this point, but would it really shock anyone if we eventually went on to challenge that record bull run of the 1990s ..... and dare i say ..... even break that record run? what's another 4 or 5 years? it could very well happen ... i'm being very mindful of that ... i don't think this bull market will just simply die out w/o a fight lol yes, i tend agree with you as well @Baggi that a large correction is way overdue, but this market is so freaking resilient man ... it has fended off all kinds of potential risks only to look past 'em and continue melting higher ... albeit i do realize it is kind of a dangerous mentality to have when you no longer think there are any downside risks to the markets ... when everyone and their cousins start to think this way then look out below i guess lol eventually we'll get the much needed correction, but i've long quit trying to time this top looking for that correction ... it's a pretty fruitless effort to be sure admittedly though i have no skin in the game right now due to my crazy busy daily schedule, but i am looking to jump in maybe by the fall time which is when i think things could start getting a little hairy ... well maybe lol this market really never ceases to amaze me ... it's the same 'ole pattern day in and day out rinse and repeat ... BTFD's has worked for so long ... not sure that changes anytime soon yet hope everyone is making out pretty good today!
If the point & figure count proves acurate, 2590 is our target for the S&P..... So ill take another 100 points before i start pulling off the table I have a chunk of my new 401k in that FUSVX index... I was hesitant about chipping in at the ATH... But im not so hesitant anymore
Wow market breaking out to new ATH Seems like AMZN hit new ATH earlier today but has pulled back after that.
So much for that Goldman Sachs warning, huh? Low realized volatility stocks gonna have low realized volatility.
IBB having a good day, let's see if it can close above of 300. Interesting day for the banks, the big ones like JPM and BAC are doing well but the smaller regional ones not doing much
dj30 and spx set to close at new highs and even the nasdaq is now less than 1.5% from its own ATH close ... not too shabby at all despite everything that's gone on in the past week eh? also worth noting that the transports are inching ever so closer to their own respective ATH as well which is really nice to see ... if that breaks out wow could be very powerful for the overall market ... dow theorists with a raised eyebrow edit: i can't chart this right now but i think the nasdaq is right about at the halfback (50% retracement level) of that large down candle on june 9th?
i forget who it was on here (was it @Venom08?) that was calling for a double top in the gold ... that is looking like a really good call ... i was thinking higher largely due to my outlook on the dollar, but that call has totally gone against me ... the dollar has been on a bit of a rip since the fed meeting ... taking gold down with it ... i still think we'll see $1400 first before we see sub $1000 prints though
