Welcome Stockaholics to the trading week of May 22nd! 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: Agilent, Booz Allen Hamilton, Nordson 9:00 a.m. Minneapolis Fed President Neel Kashkari 10:05 a.m. Philadelphia Fed President Patrick Harker 7:00 p.m. Federal Reserve Governor Lael Brainard 9:10 p.m. Chicago Fed President Charles Evans Tuesday Earnings: AutoZone, Momo, Intuit, Toll Brothers, Heico 10:00 a.m. New home sales 10:00 a.m. Richmond Fed survey 3:15 p.m. Minneapolis Fed's Neel Kashkari 5:00 p.m. Philadelphia Fed President Patrick Harker Wednesday Earnings: HP, Tiffany, Lowe's, Pure Storage, Bank of Montreal, Eaton Vance, JA Solar 9:00 a.m. FHFA home prices 9:45 a.m. Markit mfg. PMI 10:00 a.m. Existing home sales 2:00 p.m. FOMC minutes 6:00 p.m. Dallas Fed President Robert Kaplan Thursday OPEC meets in Vienna Earnings: Medtronic, Abercrombie and Fitch, Ulta Beauty, GameStop, Nutanix, Splunk, Best Buy, Hormel Foods, Toronto-Dominion Bank , Royal Bank of Canada 8:30 a.m. Jobless claims 8:30 a.m. Advance econ indicators 4:00 a.m. New York Fed Executive Vice President Simon Potter 10:00 a.m. Fed Gov. Lael Brainard 10:00 p.m. St. Louis Fed President James Bullard Friday 8:30 a.m. Durable goods 8:30 a.m. Q1 (second read) Real GDP 9:45 a.m. Markit services PMI 10:00 a.m. Consumer sentiment
Trump Turmoil Trounces Bullard Bullshit As Dollar Dives To 6-Month Lows As President Trump jets towards The Middle East leaving behind him a wake of headlines from the mainstream media, we suspect this will help him sleep... Let's start with this... *WILLIAMS: U.S. ECONOMY IS DOING OK, GOOD Umm, no. *BULLARD SAYS DATA SINCE MARCH FOMC HAS BEEN RELATIVELY WEAK Umm yeah US Macro data disappointed for the 9th straight week - well below the election lows, this is the weakest and most disappointing data since May 2016 (and the biggest drop since March 2015) While the Treasury curve steepened very modestly today, the week saw the biggest flattening of the year...and is now flatter than before the election The Dollar Index also saw a big drop this week - worst week for dollar since July 2016, back to pre-election levels... So having got all that of our chest... Safe havens were bid this week... Stocks were having a great day - VIX was being crushed, everything was awesome, and the S&P was almost green on the week... until WaPo and NYT hit the markets with a double-whammy of Trump Turmoil... Which left everything red on the week... The Dow dropped back to its 50DMA... Retailers were worst on the week, Energy best with Financials down for the 2nd week in a row The big banks were dumped... Quite a week for Short-term VIX.. it's great surge in history and greatest crash... Treasury yields ended the week notably lower... 30Y Yields closed well below 3.00% and below pre-Macron win levels... The Dollar Index is down 7 of the last 8 days having erased all of the post-Trump gains... EURUSD was the biggest mover - the 2.5% surge was the most since Feb 2016...Yuan best week in 3 months And as The Dollar sank, gold rallied... WTI had its best 2-week gain since Dec 2016, closing back above $50... Copper, Gold, and Silver all gained around 2.4% on the week as crude doubled it... Bonus Chart: Fun-Durr-Mentals...
Spoiler: Weekend Reading: End Of Trumpflation? Authored by Lance Roberts via RealInvestmentAdvice.com, Interesting…. For the last few months, there have been ongoing issues surrounding the “Russia Connection” and the underlying, and ongoing, investigations into the potential involvement/interference into the Presidential elections. The market hasn’t cared. Until Wednesday. As I noted last Friday: “This…has…to…be…the…most…boring…market…ever.” As suspected, it did end with a bang on Wednesday as markets dropped sharply on the news of a “leaked” memo to the New York Times. James Comey, former head of the FBI, will now be questioned by Congress next week and asked to provide that memo, but in the mean time the Justice Department has now appointed a special prosecutor to investigate the “Russia Connection.” While the Washington intrigue is certainly interesting, the question is “why after all these months did it matter to the markets now?” The answer is simple. It potentially stalls all the legislative actions the markets have been banking on for the “Trumpflation” trade from tax cuts to infrastructure spending. A look at the bond market gives you a clearer picture of the “fading” hopes on an inflation-driven economic boom. Importantly, as shown in the chart of the S&P 500 above, the markets broke below the 50-dma on Wednesday and triggered a short-term “sell signal” as shown in the lower part of the chart. Importantly, these signals when previously triggered have denoted periods of increased volatility and corrective actions until they are complete. Despite the rally on Thursday, I suspect the “shot across the bow” on Wednesday was just that, a warning shot to investors which suggest reflexive rallies should be used to rebalance and de-risk portfolios for now. We need to see what happens over the next week to see if the markets can regain their footing. However, for now, holding a little dry powder continues to make some sense. In the meantime, here is what I am reading this weekend. Politics/Fed/Economy The Running Of The Bull Mouths by Danielle Dimartino-Booth via MoneyStrong Trump Woes Not Driving Markets by Edward Harrison via Credit Writedowns Household Debt Hits New Record by Tyler Durden via Zero Hedge “Look Ma, No Hands!” by David Stockman via Daily Reckoning Fed Is Wrong To Obsess About Wages by Caroline Baum via MarketWatch Bogus CPI Data Won’t Slow The Fed by Lee Adler via Daily Reckoning GOP May Have To Vote On Health Care Again by Bob Bryan via BI 6 Long-Term Economic/Investment Themes – Part 1 by A. Gary Shilling via Bloomberg 6 Long-Term Economic/Investment Themes – Part 2 by A. Gary Shilling via Bloomberg Worst News For Economy Coming From Banks by Jeff Cox via CNBC Trump Waging War On Working Class by Robert Borosage via The Nation Fed Is Making A $2 Trillion Mistake by Narayana Kocherlakota via Bloomberg View Inflation Not Cooperating With Fed by Tim Duy via Fed Watch Orwellian Monetary Policy by Macromon via Global Macro Monitor American Dystopia Didn’t Begin With Trump by Darrell Delamaide via MarketWatch Markets Evercore: Don’t Expect To Be Bailed Out By The Fed by Tyler Durden via ZeroHedge History Suggests Investors Should Be Way More Cautious by Paul Brandus via MarketWatch The Big Picture by Ray Dalio via Linked-In Signs Point To Equity Under Performance by Bryce Coward via Knowledge Leaders Get Ready For Lower Market Returns by Michael Santoli via CNBC Elevated Stock Prices Are Here To Stay by John Coumarianos via MarketWatch Fell On Black Days by Eric Parnell via Seeking Alpha Is This The End Of The Trump Rally by Michael Kahn via Barron’s The VIX Article No One Will Like by Kevin Muir via The Macro Tourist Unusually Low Volatility Dangerous For Stocks by Mohamed El-Erian via Bloomberg An Eerie Similarity To 2007 by Doug Kass via Real Clear Markets Please Don’t Repeal To-Big-To-Fail by USA Today Markets Don’t Know What To Expect by Dan Kern via US News & World Report Sell-Off As Much About Earnings As Trump by Howard Gold via MarketWatch A Setup In Place For A Pullback by Avi Gilburt via MarketWatch Staying Stuck by Jeffrey Snider via Alhambra Partners Research / Interesting Reads Used Car Values Sink by Wolf Richter via Wolf Street Dalbar 2016: Investors Remain Own Worst Enemy by Tom Allen & Mark Hebner via IFA.com CAPE, Why Hast Thou Forsaken Me by Meb Faber via Faber Research Time To Drop “Thought Leader” From Your Resume by Simon Constable via Forbes The Time Seems Very, Very Different by Denis Ouellet via Edge & Odds The Pig Has Exited The Python by Mark Hanson via MHanson.com Financially Stressed Prefer Saving by Jim Norman via Gallup Rich Retirees Hoarding Cash Out Of Fear by Ben Steverman via Bloomberg Here’s What A Tesla Roof Will Cost You by Stacey Leasca via Forbes Hidden Debt & Deficits – 2017by Joshua Rauh via Hoover Institution Factor Tilts Are Not Smart Beta by Rob Arnott via Research Affiliates Investors Pay Twice For High P/E’s by John Hussman via Hussman Funds Emerging Markets At A Crossroads by Dana Lyons via Tumblr Investors Better Hope This Time Is Different by Jesse Felder via The Felder Report “The Market Will Always Tell You When You Are Wrong.” – Jesse Livermore
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 Struggles during the week before Memorial Day weekend Over the last 21 years, DJIA has advanced just 47.6% of the time during the week before Memorial Day weekend. Of the five major indices we frequently cite, it is the weakest averaging a 0.29% loss. S&P 500, NASDAQ and Russell 1000 are better, but average performance over the last 21 years is still just a fractional gain. Russell 2000 has the best track record, up 71.4% of the time with an average gain of 0.42%. Since 2003, Russell 2000 has been even stronger, up 12 of 14 weeks with an average 1.17% gain. Summer doldrums: NYSE & NASDAQ volume fade In just over a week it will be Memorial Day weekend. In recent years, this weekend has become the unofficial start of summer. Not long afterwards trading activity will likely begin to slowly decline (barring any external event triggers). We refer to this summertime slowdown in trading as the doldrums due to the anemic volume and uninspired trading on Wall Street. The individual trader, if they are looking to sell a stock, is generally met with disinterest from The Street. It becomes difficult to sell a stock at a good price. That is also why many summer rallies tend to be short lived and are quickly followed by a pullback or correction. Below we have plotted the one-year seasonal volume patterns since 1965 for the NYSE and 1978 for NASDAQ against the annual average daily volume moving average for 2017 so far. The typical summer lull is highlighted in yellow. A surge in volume this summer, especially accompanied by gains, would be an encouraging sign that the bull market will continue. However, should traders lose their conviction and participate in the annual summer exodus from The Street, a market pullback or correction could quickly unfold. Low Road Taken: S&P 500 10% Corrections since 1949 From a new all-time closing high on Monday to the worst day of the year so far on Wednesday, S&P 500 appears to have decided to take the low road. If today’s selloff was solely the result of political jitters triggered by a string of blunders by the new administration, then the market could easily bounce right back. Alternately, the market could be reacting to some “Sell in May” jitters, political instability, monetary policy tightening and some buying exhaustion. In this case then a 10% correction is not out of the question. On average, since 1949, S&P 500 has experienced a 10% or greater pullback about once every 1.4 years. S&P 500’s last correction ended on February 11, 2016 after it slipped 14.2% in 266 calendar days. S&P 500 is not overdue for a correction, but it certainly is near historical average duration between them. Can Copper/Gold Help Forecast the 10-year? Posted by lplresearch We are often asked in which direction the 10-year Treasury yield is headed. If we, or anyone else for that matter, could answer that question accurately, we’d be sunning on a yacht surrounded by breathtaking islands. But given that we don’t have a crystal ball on hand, we instead look to various data points and charts. One such chart, a fairly common one for fixed-income traders, is the 10-year Treasury bond versus the cooper-to-gold ratio. As can be seen above, the 10-year Treasury bond followed the directional moves of the copper/gold ratio fairly closely during the time period in the chart. For example, in mid-December 2016, as investors were flocking to risk-on assets such as stocks and copper, the ratio spiked and 10-year yields increased (prices declined) shortly thereafter. This rally seemed to be driven by speculation that the Trump administrations expected increase in infrastructure spending would drive up future demand for copper. After all, the durable metal can be used to produce products such as wires, pipes, and fittings that have wide applications throughout the economy. Because copper is highly sought after when new infrastructure projects develop, it is considered to be a decent indicator of global and U.S. economic health. Generally, when copper prices rise, the economy is expanding: which often leads to higher inflation, and thus lowers demand for safe-haven assets such as gold and bonds. Recently, amid signs that the administration’s policies may take longer to materialize, the copper/gold ratio has declined. A move lower in the ratio may signal that economic growth is decreasing and copper is losing its appeal. Lower copper prices suggest lower inflation, which helps bonds and gold move up in price. To date, the copper/gold ratio has been a fairly accurate predictor of 10-year Treasury rates, but this is just one chart and relying solely on this will probably not lead to a yacht. That said, if the pattern holds and the ratio rises, the 10-year and gold may decline in price.
Earnings Beats, Misses and Price Reactions May 19, 2017 A total of 2,450 companies reported earnings during the just-completed first quarter earnings season. Of these 2,450 reports, exactly 1,500 of them reported better than expected EPS numbers. That’s a 61.2% earnings “beat” rate. Below is chart that shows the one-day stock price reaction for every single earnings beat, miss, or inline report this season. As you know, not all “beats” translate into price gains, but on average, the stocks that beat EPS estimates this season gained 1.97% on their earnings reaction days. While 61.2% of companies beat EPS estimates, 29.8% missed estimates, and these stocks averaged a one-day decline of 3.21% on their earnings reaction days. Given that misses are much less common than beats, it makes sense that stock prices get hit harder on a miss than they gain on a beat. Finally, 9% of companies reported inline EPS this season. In this day and age where companies are pressured to “beat the quarter,” it should come as no surprise that the average stock that reported inline EPS fell in reaction to the news. As shown in the chart, the average stock that reported inline numbers fell 1.59% on its earnings reaction day. US Dollar Gains: Going, Going, Gone May 17, 2017 As another news leak out of Washington sullies the “Make America Great Again” sentiment that emerged in the wake of November’s election, by at least one measure, the US Dollar has given up all of its post-election gains. There are a number of ways to measure broad-based dollar strength (or weakness), but two of the most popular are the US Dollar Index and the Bloomberg US Dollar Index. First, the US Dollar Index is a weighted average of the dollar’s value relative to a basket of six different currencies (Euro, Japanese Yen, Pound sterling, Canadian dollar, Swedish krona, and Swiss franc). This index is traded on the IntercontinentalExchange and is often the most widely cited index of dollar strength. One of the shortcomings of this index, however, is that it hasn’t been re-balanced in years and has, therefore, become less representative of flows between the US and its major trading partners. The second and more representative representation of the dollar’s strength is the Bloomberg Dollar Index. Unlike the US Dollar Index, which hasn’t been rebalanced in years, this index rebalances every year and includes a more diverse basket of ten different currencies. While the indices are different, they will always move in the same direction. Looking at the performance of both indices over the last year shows a similar pattern. In both cases, the dollar surged when Trump emerged victorious in November with a quick rally of over 5%. Since then, though, both have drifted lower, and after three weak days in a row, they’re at new post-election lows. In the case of the US Dollar Index, it has now given up all of its post-election gains. Top Performing Global Stocks in 2017 May 17, 2017 Below is a look at the performance of the S&P 500 versus the S&P Global 1200, which is an equity market index that captures roughly 70% of global market cap. The S&P Global 1200 contains stocks from the S&P 500, S&P Europe 350, S&P TOPIX 150 (Japan), S&P/TSX 60 (Canada), S&P/ASX All Australian 50, S&P Asia 50, and S&P Latin America 40. Below is a look at the price performance (not total return) of the S&P 500 and S&P Global 1200 over the last 25 years. From 1992 through the early part of the current bull market, the two indices had performed roughly inline, but since the start of 2012, the US has significantly outperformed. But foreign stock markets are making a comeback so far in 2017. While the US outperformed from the election through the end of 2016, the S&P Global 1200 has outperformed so far YTD. At this point the Global 1200 is actually up more than the S&P 500 since Election Day 2016. This is a trend that will likely continue if the Dollar continues to sink and issues out of Washington dominate the news. In terms of underlying index members, below is a look at the top performing stocks in the S&P Global 1200 so far in 2017 (based on local currency returns through 5/16). As shown, Vertex Pharma (VRTX) is up the most with a gain of 59.2% followed by Activision Blizzard (ATVI) — both US stocks. Latam Airlines Group (LTM) out of Chile is up the third most at +51.59%, while BlackBerry (BB) out of Canada ranks 4th at +50%. Yes…THAT BlackBerry. Growth Stocks Crushing Value Stocks in 2017 May 16, 2017 Within the S&P 500, there’s an S&P 500 Growth index and an S&P 500 Value index. You can read more about how they’re constructed here. Below is a look at the performance of the two over the last year. As shown, Growth is outperforming Value by just over 3 percentage points, with Growth up 17.5% and Value up 14.3%. As you can see, though, there have been big trend shifts over the last six months following the election. Up until the election, the two indices had been performing inline with each other. In the four months after the election, though, Value significantly outperformed Growth. That outperformance has been completely erased since the start of March, however, as Value has trended lower while Growth has surged. Through yesterday’s close, which was 92 trading days into 2017, the S&P 500 Growth index was up 11.59% YTD. The S&P 500 Value index was up just 2.48% YTD. Remarkably, the 9.11 percentage point spread between the two indices is the widest it has ever been at this point in the year since the indices were created back in 1995!
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 (5/22-5/26) <-- 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 (5/22-5/26) <-- click there to post your weekly picks for this week! We also now have a daily stock picking & market direction guessing challenge running here!- Stockaholics Daily Stock Pick Challenge & SPX Sentiment Poll for Monday (5/22) <-- click there to cast your daily vote & stock pick for Monday! It would be pretty awesome to see some of you join us and participate on these. I hope you all have a fantastic weekend ahead!
Here are the most anticipated ERs for this upcoming week ahead (I'll also have the earnings chart posted in here as well once it's ready) ***Check mark next to the stock symbols denotes confirmed earnings release date & time*** Monday 5.22.17 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! Monday 5.22.17 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! Tuesday 5.23.17 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 5.23.17 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 5.24.17 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 5.24.17 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 5.25.17 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 5.25.17 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 5.26.17 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 5.26.17 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES!
Comey agrees to testify in open hearing before Senate Intelligence Committee https://mobile.twitter.com/CNBC/status/865701685594923008 Will see if it will be market moving next Monday
...and as promised here is EW's most anticipated earnings calendar for this upcoming week ahead: ($MOMO $LOW $AZO $BBY $NTWK $TTWO $BAH $ULTA $TOL $COST $DSW $TIF $YRD $CBRL $NTAP $DCIX $A $ANF $MRVL $AAP) Momo Inc. $43.58 Momo Inc. (MOMO) is confirmed to report earnings at approximately 6:30 AM ET on Tuesday, May 23, 2017. The consensus earnings estimate is $0.32 per share on revenue of $242.00 million and the Earnings Whisper ® number is $0.34 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat The company's guidance was for revenue of $238.00 million to $243.00 million. Consensus estimates are for year-over-year earnings growth of 966.67% with revenue increasing by 375.24%. Short interest has decreased by 30.4% since the company's last earnings release while the stock has drifted higher by 47.8% from its open following the earnings release to be 67.1% above its 200 day moving average of $26.08. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, May 19, 2017 there was some notable buying of 5,834 contracts of the $40.00 call expiring on Friday, May 26, 2017. Option traders are pricing in a 13.3% move on earnings and the stock has averaged a 7.2% move in recent quarters. Lowe's Companies, Inc. $84.59 Lowe's Companies, Inc. (LOW) is confirmed to report earnings at approximately 6:00 AM ET on Wednesday, May 24, 2017. The consensus earnings estimate is $1.07 per share on revenue of $17.00 billion and the Earnings Whisper ® number is $1.08 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 22.99% with revenue increasing by 11.59%. Short interest has decreased by 10.5% since the company's last earnings release while the stock has drifted higher by 4.1% from its open following the earnings release to be 11.4% above its 200 day moving average of $75.91. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, May 12, 2017 there was some notable buying of 9,937 contracts of the $87.50 call expiring on Friday, June 16, 2017. Option traders are pricing in a 5.0% move on earnings and the stock has averaged a 3.9% move in recent quarters. AutoZone, Inc. $673.65 AutoZone, Inc. (AZO) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, May 23, 2017. The consensus earnings estimate is $12.00 per share on revenue of $2.72 billion and the Earnings Whisper ® number is $12.08 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 11.42% with revenue increasing by 4.87%. Short interest has increased by 27.6% since the company's last earnings release while the stock has drifted lower by 8.1% from its open following the earnings release to be 9.4% below its 200 day moving average of $743.49. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, May 16, 2017 there was some notable buying of 1,042 contracts of the $540.00 put expiring on Friday, January 18, 2019. The stock has averaged a 2.0% move on earnings in recent quarters. Best Buy Co., Inc. $51.33 Best Buy Co., Inc. (BBY) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, May 25, 2017. The consensus earnings estimate is $0.40 per share on revenue of $8.26 billion and the Earnings Whisper ® number is $0.46 per share. Investor sentiment going into the company's earnings release has 41% expecting an earnings beat The company's guidance was for earnings of $0.35 to $0.40 per share. Consensus estimates are for earnings to decline year-over-year by 9.09% with revenue decreasing by 2.17%. Short interest has increased by 0.8% since the company's last earnings release while the stock has drifted higher by 20.6% from its open following the earnings release to be 18.8% above its 200 day moving average of $43.20. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, May 16, 2017 there was some notable buying of 10,412 contracts of the $47.00 put expiring on Friday, September 15, 2017. Option traders are pricing in a 8.0% move on earnings and the stock has averaged a 8.3% move in recent quarters. NetSol Technologies Inc $4.50 NetSol Technologies Inc (NTWK) is confirmed to report earnings at approximately 7:00 AM ET on Monday, May 22, 2017. The consensus estimate is for a loss of $0.01 per share on revenue of $17.75 million and the Earnings Whisper ® number is $0.01 per share. Investor sentiment going into the company's earnings release has 73% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 112.50% with revenue increasing by 11.12%. Short interest has decreased by 6.0% since the company's last earnings release while the stock has drifted lower by 4.3% from its open following the earnings release. Overall earnings estimates have been revised higher since the company's last earnings release. Take-Two Interactive Software, Inc. $67.58 Take-Two Interactive Software, Inc. (TTWO) is confirmed to report earnings at approximately 7:30 AM ET on Tuesday, May 23, 2017. The consensus earnings estimate is $0.57 per share on revenue of $358.22 million and the Earnings Whisper ® number is $0.63 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 $1.23 to $1.31 per share on revenue of $542.00 million to $592.00 million. Consensus estimates are for year-over-year earnings growth of 3.64% with revenue decreasing by 5.03%. Short interest has decreased by 1.1% since the company's last earnings release while the stock has drifted higher by 20.6% from its open following the earnings release to be 30.8% above its 200 day moving average of $51.67. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, May 15, 2017 there was some notable buying of 1,693 contracts of the $75.00 call expiring on Friday, June 16, 2017. The stock has averaged a 4.1% move on earnings in recent quarters. Booz Allen Hamilton Holding Corporation $35.95 Booz Allen Hamilton Holding Corporation (BAH) is confirmed to report earnings at approximately 6:45 AM ET on Monday, May 22, 2017. The consensus earnings estimate is $0.43 per share on revenue of $1.47 billion and the Earnings Whisper ® number is $0.45 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 4.88% with revenue increasing by 3.21%. Short interest has increased by 87.8% since the company's last earnings release while the stock has drifted higher by 1.2% from its open following the earnings release to be 6.1% above its 200 day moving average of $33.88. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 5.4% move on earnings in recent quarters. ULTA Beauty $294.08 ULTA Beauty (ULTA) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, May 25, 2017. The consensus earnings estimate is $1.79 per share and the Earnings Whisper ® number is $1.83 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat The company's guidance was for earnings of $1.75 to $1.80 per share. Consensus estimates are for year-over-year earnings growth of 23.45% with revenue decreasing by 6.96%. Short interest has decreased by 10.0% since the company's last earnings release while the stock has drifted higher by 8.5% from its open following the earnings release to be 11.9% above its 200 day moving average of $262.89. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, May 9, 2017 there was some notable buying of 1,623 contracts of the $315.00 call expiring on Friday, May 26, 2017. Option traders are pricing in a 6.1% move on earnings and the stock has averaged a 8.6% move in recent quarters. Toll Brothers, Inc. $37.84 Toll Brothers, Inc. (TOL) is confirmed to report earnings at approximately 5:00 AM ET on Tuesday, May 23, 2017. The consensus earnings estimate is $0.62 per share on revenue of $1.25 billion and the Earnings Whisper ® number is $0.63 per share. Investor sentiment going into the company's earnings release has 57% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 21.57% with revenue increasing by 12.05%. Short interest has decreased by 8.7% since the company's last earnings release while the stock has drifted higher by 10.3% from its open following the earnings release to be 19.1% above its 200 day moving average of $31.77. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, May 17, 2017 there was some notable buying of 881 contracts of the $35.00 put expiring on Friday, June 16, 2017. Option traders are pricing in a 5.7% move on earnings and the stock has averaged a 6.5% move in recent quarters. Costco Wholesale Corp. $171.64 Costco Wholesale Corp. (COST) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, May 25, 2017. The consensus earnings estimate is $1.31 per share on revenue of $28.62 billion and the Earnings Whisper ® number is $1.33 per share. Investor sentiment going into the company's earnings release has 60% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 5.65% with revenue increasing by 6.91%. Short interest has decreased by 20.9% since the company's last earnings release while the stock has drifted higher by 0.6% from its open following the earnings release to be 6.4% above its 200 day moving average of $161.28. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, May 2, 2017 there was some notable buying of 1,574 contracts of the $187.50 call expiring on Friday, May 26, 2017. Option traders are pricing in a 2.9% move on earnings and the stock has averaged a 3.3% move in recent quarters.
Can I put in a request for a small correction this week? Nothing too big, let's just say 200 handles in the /es? Just a tiny little correction. K thanks bye!
HRL’s strengths can be seen in its better growth, strong profitability, better solvency and better efficiency compared with its peers. Its revenue and net income have increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in Stochastic Oscillator and RSI stands at 55.54 with positive bias. We rate Hormel Foods Corporation (HRL) a STRONG BUY. http://www.stoxline.com/article.php?title=2017/05/stock-on-focus-hormel-foods-corporation-hrl/ BRS’s strengths can be seen in its better solvency compared with its peers. Its revenue has increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator, RSI stands at 55.33 with positive bias. We rate Bristow Group Inc. (BRS) a STRONG BUY. http://www.stoxline.com/article.php?title=2017/05/earnings-watch-bristow-group-inc-brs/
ShadowTrader Video Weekly 5.21.17 - The Tale of the One Day Panic Video from ShadowTrader Peter Reznicek
Good morning Stockaholics! Happy Monday, May the 22nd. Here are your pre-market stock movers & news on this Monday morning- 5/22 Monday Market Movers & News: F, HUN, RBS, AMGN, PPG, BA, BX, GE, AAPL, CIEN, QCOM, MYL <-- click there to view! I hope everyone has a great trading day in here today!
Earnings after the close today / Before market open tomorrow- ($MOMO $AZO $TTWO $TOL $DSW $CBRL $A $KIRK $NDSN $DSX $LXFT $CRMT $YIN $EVLV $RAVN $QTNT $TEDU)
So, what's on everyone's radar today? Admittedly I haven't really been following the market action much at all of late. Looks like we've recovered much of last week's losses on the major indices. The Trump news seems to have settled down for now which is good to see.
