Welcome Stockaholics to the trading week of May 8th! 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 Earnings: Marriott, Plains All American, Newell Brands, JD.com, Sysco, Tyson Foods, Malinckrodt, Pandora Media, Hertz Global, Tesoro, EOG Resources, Sturm Roger, First Data 8:35 a.m. St. Louis Fed President James Bullard 8:45 a.m. Cleveland Fed President Loretta Mester 2:00 p.m. Senior loan officer survey Tuesday Earnings: Disney, Priceline, News Corp, SeaWorld, Liberty Media, TrueCar, TripAdvisor, Electronic Arts, Wayfair, Dean Foods, Allergen, Aon, Duke Energy, Discovery Communications, Hostess Brands, Blue Buffalo 6:00 a.m. NFIB survey 9:00 a.m. Minneapolis Fed President Neel Kashkari 10:00 a.m. Wholesale trade 10:00 a.m. JOLTs 4:15 p.m. Dallas Fed President Rob Kaplan Wednesday Earnings: Toyota Motors, Mylan Labs, we, Norwegian Cruise Lines, Pershing Square, Snap, Whole Foods, Sunrun, Time Inc, SodaStream, Royal Ahold, Vulcan Materials, Ambac, 21st Century Fox, Sotheby's 8:30 a.m. Import prices 1:30 p.m. Minneapolis Fed's Kashkari 2:00 p.m. Federal budget Thursday Earnings: Nordstrom, , Teva Pharma, Macy's, Kohl's, Nissan, Telefonica, CyberArk Software, Schneider National, BT Group, ING, Invitation Homes 6:25 a.m. New York Fed President William Dudley 830 a.m. Jobless claims 8:30 a.m. PPI Friday Earnings: Allianz, ArcelorMittal, JCPenney, Acushnet 8:30 a.m. Retail sales 8:30 a.m. CPI 9:00 a.m. Chicago Fed President Charles Evans 10:00 a.m. Consumer sentiment 10:00 a.m. Business inventories 12:30 p.m. Philadelphia Fed President Patrick Harker
Calmest Market In 75 Years Hits Record Highs - Ignores Dismal Data, Commodity Carnage Massive liquidity issues in China wealth product liquidation, commodities crashing, oil plunging, US macro data disappointments, US earnings disappointments, and Buffett dumping Big Blue - only makes sense that The Dow just had its quietest 8 days since 1952!!! US Macro data has negatively surprised for 7 straight weeks - dropping to its weakest since October... But stocks don't care about fun-durr-mentals... Or commodities... Or earnings... Mixed Payrolls data started everything off bid (Dow hurt by IBM), but late on came the buying panic... Did Tim Cook start buying-back AAPL to save the world? Small Caps ended the week red... S&P hit a new record high close today, even as breadth diverges... Dow was 'managed' up to break 21,000... (notice VIX glued betweemn 10 and 11 all week)... The Dow and S&P were into their 8th session of moving less than 0.2% in either direction, before the late-day panic buying... Last time this happened was 1964 for the S&P 500... And 1952 for the Dow... Financials were best on the week, Energy stocks worst... Bank stocks were mixed this week though, with JPM and MS red, BAC and GS green...with MS a notable laggard post-Fed Treasury yields rose on the week... with bonds rallying post-payrolls after a post-fed selloff But the 30Y Yield ended back below 3.00% again... But while corporate bonds were bid, we note that there is a growing divergence between credit and equity protection costs... One wonders how long before energy credit markets realize its lower-for-longer for crude... The USD Index pushed lower after payrolls today, erasing the Fed spike and ending the week almost unchanged... Despite an unch dollar, metals were massacred this week - from Iron Ore to copper... Ugly - This was gold's worst week since the election Overnight saw a significant flash-crash in the energy complex (and in fact hit stocks too)...banging WTI briefly to a $43 handle and RBOB to $1.45! As yesterday saw a big spike in volumes... Gold and Silver were smashed lower this week... BUT... SLV broke its 14-day losing streak... But we note that the tendency to punch gold prices into the London Fix is becoming just a little too obvious...
Spoiler: Weekend Reading: Sentient Illumination Authored by Lance Roberts via RealInvestmentAdvice.com, With a continuing resolution for $1 Trillion passed this week, which will fund the government for 5-whole months, there seems to be little consideration given to the disconnect between increase debt levels and slower economic growth. The chart below shows the growth of total debt as compared to GDP growth since 1966. Not surprisingly, as the system becomes inherently more leveraged (as corporations issue debt to buy back stock and investors lever up) there rise in asset prices is not surprising. The problem, however, is that rising asset prices and surging debt levels, despite rumors to the contrary, do not translate into stronger economic growth. As shown below, the transition to leverage starting in the early 80’s was the turning point for the growth rate of the economy. To put this into economic terms, it currently requires almost $4.00 of debt to create $1.00 of economic growth. This is a problem when 70% of the economy is driven by consumption and there is a finite limit to the amount of debt that can ultimately be taken on by households. I know. It’s crazy talk. But I see two options for Congress here: If you want 3-4% economic growth in the future, you can start taking some fiscal responsibility and pay attention to the “debt elephant” in the room. Or, you can pass a health care bill that will hit taxpayers for another $250 Billion in subsidies over the next decade along with continued high costs of insurance for individuals. One of those isn’t going to work. In the meantime, here is what I am reading this weekend. Tax Plan/Politics Do Tax Cuts Pay For Themselves by Caroline Baum via MarketWatch Here Are The Major Health Care Bill Changes by Bob Bryan via Business Insider The Trump Empire Expands by Nomi Prins via The Daily Reckoning $5.5 Trillion – The Cost Of Trump Tax Plan by Committee For A Responsible Federal Budget Trump: Peddling Reagan Era Snake Oil by William Greider via The Nation Trump’s Tax Plan Not So Good For Middle Classby David Cay Johnston via Daily Beast Only Real Growth Will Down The Deficit by Stephen Moore via The Washington Times Yes, The U.S. Can Afford Tax Cuts by Tyler Cowen via New York Post Good & Bad News About Trump’s Tax Plan by Charles Gasparino via New York Post Tax Lies For The Gullible by Thomas Sowell via IBD Are Trumps Tax Cuts Worse Than Reagan’s by Steven Rattner via NYT Tax Plan Would Blow Up The Deficit by Rob Garver via Fiscal Times Art Laffer’s Theory Of Tax Cuts Comes Alive by Peter Baker via NYT Why Tax Revenue Projections Are ALWAYS Wrong by Richard Rahn via Washington Times With This Budget Deal – Swamp Wins by IBD Markets Wall Street’s Earnings Hopium by David Stockman via Daily Reckoning Market Set For 51% Fall by Jody Chudley via Wall Street Examiner Bianco: We’ll Get To Mars Before Rates Get To 4% by Akin Oyedele via BI Bad Sentiment May Be Good News For Stocks by Simon Constable via US News JP Morgan: 6 Red Flags For Stocks by Tyler Durden via ZeroHedge Is The Market Headed Higher? Or For A Crash? by Knowledge@Wharton Investors Getting Fed & Economy All Wrong by Boris Schlossberg via CNBC It’s Hope That Kills You by Alexandra Scaggs via FT Alphaville This Is Irrational Exuberance by Anora Mahmudova via MarketWatch As Optimism Multiplies, Risk & Disappointment Expand by Doug Kass via Real Clear Markets Who Is Right – Stocks Or Bonds via Mark DeCambre via MarketWatch Rarely Has Investor Complacency Been So Broad by Landon Thomas via NY Times Research / Interesting Reads Carmageddon, Not Yet, But Bubble Is Leaking by Wolf Richter via Wolf Street Pension Tension: A Tightrope Into The Unknown by Danielle DiMartino-Booth via Money Strong Where Keynesians & Austrians Meet by Edward Harrison via Credit Writedowns CEO Pay Is Out Of Control by Roger Lowenstein via Fortune Relying On Social Security? Maybe You Shouldn’t by Sean Williams via USA Today Millennials Owe A Record Amount Of Debt by Raul Hernandez via BI How We Got Here: Our Road To $20 Trillion by Jonathan Bydlak via Medium $1 Million Just Ain’t What It Used To Be by Jeff Rose via CNBC What We’re Seeing Can’t Be Correlated With Expansion by Jeffrey Snider via Alhambra Partners What If Bogle Is Right About 4% Returns by Mitch Tuchman via MarketWatch Kyle Bass: All Hell Is About To Break Loose In China by Tyler Durden via ZeroHedge What’s Going On With Retail? by Brian Langis via ValueWalk Fear Of Missing Out (FOMO) Makes Investors Desperate by John Hussman via Hussman Funds Rydex Mutual Fund Traders – All Bulled Up by Dana Lyons via Tumblr When Your UBER Driver Tells You To Sell Naked Puts by Jesse Felder via The Felder Report “It’s fine to celebrate success but it is more important to heed the lessons of failure.” – Bill Gates
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-
New All-Time S&P 500 High on a Friday Snaps Losing Streak Not only did the S&P 500 (and NASDAQ) close at a new all-time high today, it did so on a Friday (the last trading day of the week). Today’s advance ended a seven consecutive Friday (or last trading day of the week) losing streak for S&P 500. The last time S&P 500 logged a gain on Friday was on March 10. Historically, when the market is down on the last day of the week it is an indication that market confidence is weak or waning. This can be seen in the next table where the previous 11 times since 1950 when S&P 500 was down for seven or more Fridays in a row. The last 11 streaks recorded an average loss of 4.02% from the first down Friday to the last down Friday. Just two posted a gain, 1997 and 1975. Bullishly, one month after the streak ended S&P 500 was higher 10 of the last 11 occurrences with an average gain of 2.07%. In this next chart the 30 trading days before the streak ended and the 60 trading days after are plotted. A typical month has 21 trading days on average. Bearish during the streak is evident while previously mention post-streak bullishness is also apparent with a post-streak low to high rally averaging slightly more than 6%. Typical May Pattern: Some Strength Early and Late Over the last 21 years the market’s performance in May has been on the tepid side. Over this time period may is DJIA’s and NASDAQ’s 8th best performing (or 5th worst) month of the year. May is the 7th best month for S&P 600, 6th best or Russell 1000 and 5th best for small-caps. Average gains range from a high of 0.9% for Russell 2000 down to just 0.1% by DJIA. Based upon the chart above, the first two trading days of the month have been bullish but after that weakness has begun that lasted until the fifth trading day before the market musters a comeback that stalls around mid-month, at roughly the same level achieved the first two trading days. From mid-month until the 18th trading day, the historical trend has been lower. A month-end rally also fails deliver. Only Russell 2000 has historically closed the month out meaningfully higher than it was when May first began. Bespoke’s Asset Class Performance Matrix — Cinco de Mayo Edition May 5, 2017 Below is a look at Bespoke’s asset class performance matrix using key ETFs that we track on a regular basis. For each ETF, we highlight its total return over the last week, quarter-to-date, and year-to-date. The star of 2017 for US equity indices has been the Nasdaq 100 (QQQ), which is up 16.24% YTD. Both the S&P 500 (SPY) and Dow 30 (DIA) are up less than half that. Looking at US sectors, it’s been all Tech all the time this year, while Energy (XLE) is down more than 10%. You’ll see a ton of red in the commodities section as well. International equity markets have significantly outperformed the US this year, and that continued this week. Brazil was the best performing ETF in the entire matrix with a one-week gain of 3.07%. Have a great weekend! Best Performing Stocks on Earnings This Season May 3, 2017 More than 1,300 companies have reported earnings so far this reporting period, and the average stock has gained 0.06% on its earnings reaction day (the first trading day following its earnings release). Below is a list of the stocks that have posted the biggest share price gains on their earnings reaction days this season. As shown, LSB Industries (LXU) ranks first with a one-day gain of 30.75%. And that was on an EPS miss! Chegg (CHGG) ranks second with a gain of 28.71% followed by Select Comfort (SCSS) at +28.26%. Bridgepoint Education (BPI) and EXACT Sciences (EXAS) round out the top five — each with gains of more than 26%. Other notables on the list of big winners this season include GNC, GrubHub (GRUB), iRobot (IRBT), First Solar (FSLR), FireEye (FEYE), and Weight Watchers (WTW). You’ll notice that only one S&P 500 company made the list of biggest winners — BCR — and that was the result of an acquisition offer that accompanied the earnings report. Below is a list of the best performing large cap (S&P 500) names on earnings this reporting period. Behind BCR, Coach (COH) ranks second with a one-day gain of 11.38% following its report on May 2nd. Edwards Lifesciences (EW) is the only other S&P 500 company that has gained more than 10% on its earnings reaction day this season. Under Armour (UAA) — a name that prior to its earnings report this season had been significantly beaten down — ranks fourth with a gain of 9.94%, while Wyndham Worldwide (WYN) rounds out the top five with a gain of 9.02%. Other notables on the list of S&P 500 earnings winners include Caterpillar (CAT), Intuitive Surgical (ISRG), Cummins (CMI), American Express (AXP), Wynn Resorts (WYNN), and McDonald’s (MCD). Remember the Flash Crash? We Sure Do Posted by lplresearch Seven years ago tomorrow marks the Flash Crash, a day no one will ever forget—at least no one in the LPL Research group. Although the exact reason it happened is still debated to this day, it began at 2:32pm ET and lasted for approximately 36 minutes. At the lows the S&P 500 Index was down 8.6% and the Dow Jones Industrial Average lost nearly 1,000 points, only to regain much of the losses before the final close. Additionally, many big name blue chip stocks lost as much as 20% at the lows, before recouping nearly all the losses by the close. As this chart shows, the Flash Crash was the fifth-largest intraday percentage decline since 1987. Ryan Detrick, Senior Market Strategist, “Why did the Flash Crash happen? Theories include fat-finger trades, high frequency traders, a single sell of 75,000 E-Mini S&P 500 contracts, and even a lone London-based trader using sell orders to push down prices for the sole purpose of repurchasing at a lower price. The bottom line is, seven years later and we still don’t know the exact reason it happened; all we know is it did happen!” Something most people forget about from that day is the widely televised riots in Greece. Though the riots certainly didn’t cause the Flash Crash, the constant images did bring a sense of caution and a “one-foot-out the door” mentality that could have contributed to the sell-off late in the afternoon. The big question we get is: Could it happen again? Although exchanges have taken measures to mitigate the chances, the truth is it could. With computers that utilize algorithms to conduct high-frequency trading strategies accounting for more and more of overall trading volume, it is always a possibility. What is important to remember though is what drives stock prices over the long-term are fundamentals, valuations, and technicals. Anything could happen one day, but those drivers are what truly matter in the long run. Now let’s look at the recent action. Some have remarked how the lack of volatility is due to the huge increase of derivative premium selling strategies, high frequency trading, algorithms, or the enormous influx of new ETFs – whatever the reason, we’ll leave you with these remarkable stats: In the past seven days, the S&P 500 has closed down 0.05%, up 0.06%, down 0.19%, up 0.17%, up 0.12%, down 0.13%, and up 0.06%. That is an incredible seven consecutive days it has closed within .20% of the previous day’s close, tying the all-time record from 1972 (using reliable intraday data since 1970). In the past eight days the S&P 500 has closed within 0.5% of the all-time high, something that has only happened twice since 2000. Interestingly, the S&P 500 hasn’t made a new all-time high any of those days. In fact, it hasn’t made a new high for more than two months. The S&P 500 has traded in a range of only 0.77% during the past seven days. Going back to 1970, only last July and January 1994 saw a range that tight. Don’t Sell in May; Take a Seasonal Approach with Technicals Trends Posted by lplresearch Thinking about selling equities in May and going away? Well, here we offer a different perspective on the old adage discussed in another recent post. Analyzing seasonal trends in equity and industry sectors can help identify stock categories that could potentially outperform the broad index during the month. We are encouraged by two sectors’ seasonal tendency to outperform the S&P 500 Index during the month of May over the last 20 years; a month when the index has on average been modestly higher for equity investors, generating positive returns 60% of the time. It should be noted that nonseasonal factors still influence performance and should not be ignored. The table below highlights sectors’ average over- and under-performance versus the S&P 500 during May since 1997, as well as the top-performing industry groups over the same period: As detailed in the figure above, the consumer staples and healthcare sectors have shown the best relative strength in May over the past 20 years, but if you’re looking for a more targeted strategy, the second chart within the figure analyzes the industries that comprise consumer staples and healthcare. Consumer Staples Sector Has Outperformed Broad-Based Stocks by Average of 1.38% Since 1997 While the consumer staples sector has outperformed the S&P 500 by 1.38% on average, with a high of 11.9% and a low of -4.37% since 1997, tobacco, beverages, and food products were the three S&P 500 industry groups that helped drive the sector’s average outperformance. Healthcare Sector Has Outperformed Broad-Based Stocks by Average of 0.6% Since 1997 Looking at the healthcare sector, it has outperformed the S&P 500 by 0.6% on average, with a high of 7.8% and a low of -3.3% since 1997; with the primary industry drivers of the sector’s seasonal outperformance having been biotechnology, life science tools and services, and health care providers and services. While the S&P has tended to post positive returns in May, seasonal analysis can help to identify which sectors and industries may fare better, particularly if volatility increases. Please stay tuned to the LPL Research blog for continued reviews of S&P 500 seasonal patterns and data in the months ahead.
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 (5/8-5/12) <-- 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 (5/8-5/12) <-- 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 (5/8) <-- 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 5.8.17 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! Monday 5.8.17 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! Tuesday 5.9.17 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 5.9.17 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 5.10.17 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 5.10.17 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 5.11.17 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 5.11.17 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 5.12.17 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 5.12.17 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES!
Almost forgot to mention this in here but tomorrow (May 6th) will be marking the 7-year anniversary of the Flash Crash. You guys all remember this right?
So I'm speculating that the market could start pulling back this week. Look at FB, gotten out of its trading channel thanks to 18 weeks with just 1 losing momentum. Had a great ER but price couldn't push further up. Weekly Heiken-Ashi candles ATVI with a great ER too, couldn't get a strong price candle today. Weekly Heiken-Ashi candles: I think there's a lot of cases where you can see price has exceeded value (I'm talking value more in the sense of volume profile, than in DCF-model sense). Be careful of chasing prices when they have gotten so far away from value; once traders see red, a wave of selling could take over. Dow Transports below its 50 ma. We're going to push newer highs like this? So my speculation is that next week, oil could finally start putting its effect on the market. I know oil had a couple bad days last week, and the market didn't budge at all -- I'm taking the view that we should look at it from a quantum mechanics idea: in certain situations (such as very small things like electrons) the action is not directly proportional to the force, rather you can increase force and have no effect on the change in motion until you reach a threshold and then all the change in motion comes at once. Maybe, I'm speculating, oil will reach that threshold, and one little dip past it will suddenly affect the stock market. I'm still fully invested. I don't think things will crash, nor do I think every name will be greatly affected. But we'll see what happens in the next couple of weeks.
That's scary! I don't remember, 7 years ago I was oblivious... Back then, I though my paycheck WAS the economy I'm kinda fascinated by this... I watched something the other day about a flash crash, maybe it was the same one, not sure....... But I'm sure it can and will happen again..... What's it like?.... What do you do?
I just watched this video few days ago, it is remarkable to see how much stocks have fallen in 2008 and 2009 and how much we have recovered since then
maybe it was this vid you are referring to @Jrich? that one was on the morning of august 24th 2015 which was triggered by yuan devaluation ... the djia fell -1,089 points that morning which still stands as the largest intraday point drop in history of the dow. i have a pretty crazy collection of old cnbc videos that i've captured and uploaded to youtube over the years ... the one that @stock1234 posted just below yours is also mine as well ... i had that one transferred from a vhs tape (you can tell from the quality of the vid lol) i don't create videos anymore though ... haven't for a couple of years now but my channel is still active if you're interested to check out my complete collection of historical cnbc videos that dates back to the 2008 financial crisis https://www.youtube.com/user/brianhockey22/videos
Oh it was your video Cy? I didn't know until now Very nice video I really began to get interested in the market when the financial crisis began
^^ yep ... i had that channel going for a pretty long while up until about late 2015 when i just couldn't dedicate the time to create cnbc videos any longer while we're at it here sharing historical market videos check this one out as well ... here is the may 6th 2010 flash crash video in an audio version (this one is not mine though) ^^ the guy who was calling the shots on this one goes by the name of ben lichtenstein who runs a futures squawk box from the futures pits in chicago (still does today!) he's pretty well known around the traders community ... especially for his dramatic may 6th 2010 flash crash call what's really cool is that he gave me a shout out on the squawk cast a few years ago! yep ... that's the same guy who was calling the shots during the flash crash on may 6th 2010 haha. was really such an honor to get a special shout out from him.
...and as promised here is EW's most anticipated earnings calendar for this upcoming week ahead: ($NVDA $VRX $DIS $JCP $PCLN $ACIA $TSN $ON $NTES $PLUG $KITE $TEVA $SNAP $AGN $NWL $TSEM $JD $HZNP $SYY) NVIDIA Corp. $103.86 NVIDIA Corp. (NVDA) is confirmed to report earnings at approximately 4:20 PM ET on Tuesday, May 9, 2017. The consensus earnings estimate is $0.66 per share on revenue of $1.91 billion and the Earnings Whisper ® number is $0.72 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 69.23% with revenue increasing by 46.36%. Short interest has decreased by 26.0% since the company's last earnings release while the stock has drifted lower by 13.4% from its open following the earnings release to be 19.8% above its 200 day moving average of $86.73. 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 16,264 contracts of the $98.00 put expiring on Friday, May 12, 2017. Option traders are pricing in a 9.3% move on earnings and the stock has averaged a 12.6% move in recent quarters. Valeant Pharmaceuticals International, Inc. $10.07 Valeant Pharmaceuticals International, Inc. (VRX) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, May 9, 2017. The consensus earnings estimate is $0.96 per share on revenue of $2.16 billion and the Earnings Whisper ® number is $0.96 per share. Investor sentiment going into the company's earnings release has 43% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 24.41% with revenue decreasing by 8.92%. Short interest has increased by 49.1% since the company's last earnings release while the stock has drifted lower by 37.7% from its open following the earnings release to be 45.1% below its 200 day moving average of $18.35. 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 7,774 contracts of the $10.00 call expiring on Friday, July 21, 2017. Option traders are pricing in a 12.9% move on earnings and the stock has averaged a 22.5% move in recent quarters. Walt Disney Co $111.99 Walt Disney Co (DIS) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, May 9, 2017. The consensus earnings estimate is $1.45 per share on revenue of $13.48 billion and the Earnings Whisper ® number is $1.47 per share. Investor sentiment going into the company's earnings release has 67% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 6.62% with revenue increasing by 3.94%. Short interest has decreased by 12.0% since the company's last earnings release while the stock has drifted higher by 2.2% from its open following the earnings release to be 9.6% above its 200 day moving average of $102.17. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, May 3, 2017 there was some notable buying of 16,582 contracts of the $112.00 put expiring on Friday, May 19, 2017. Option traders are pricing in a 3.4% move on earnings and the stock has averaged a 2.4% move in recent quarters. J.C. Penney Company Inc $5.49 J.C. Penney Company Inc (JCP) is confirmed to report earnings at approximately 7:00 AM ET on Friday, May 12, 2017. The consensus estimate is for a loss of $0.20 per share on revenue of $2.78 billion and the Earnings Whisper ® number is ($0.18) per share. Investor sentiment going into the company's earnings release has 54% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 37.50% with revenue decreasing by 1.10%. Short interest has increased by 52.8% since the company's last earnings release while the stock has drifted lower by 17.1% from its open following the earnings release to be 34.7% below its 200 day moving average of $8.40. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, May 3, 2017 there was some notable buying of 5,220 contracts of the $5.50 call expiring on Friday, May 19, 2017. Option traders are pricing in a 11.7% move on earnings and the stock has averaged a 8.1% move in recent quarters. Priceline Group Inc. - Priceline Group Inc. (PCLN) is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, May 9, 2017. The consensus earnings estimate is $8.91 per share on revenue of $2.43 billion and the Earnings Whisper ® number is $9.13 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 $8.25 to $8.65 per share. Consensus estimates are for earnings to decline year-over-year by 13.33% with revenue increasing by 13.12%. The stock has drifted higher by 11.7% from its open following the earnings release to be 22.8% above its 200 day moving average of $1,550.20. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 5.1% move on earnings and the stock has averaged a 7.4% move in recent quarters. Acacia Communications, Inc. $47.52 Acacia Communications, Inc. (ACIA) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, May 9, 2017. The consensus earnings estimate is $0.65 per share on revenue of $111.95 million and the Earnings Whisper ® number is $0.69 per share. Investor sentiment going into the company's earnings release has 68% expecting an earnings beat The company's guidance was for earnings of $0.63 to $0.70 per share on revenue of $108.00 million to $114.00 million. Short interest has increased by 76.3% since the company's last earnings release while the stock has drifted lower by 10.0% from its open following the earnings release to be 34.3% below its 200 day moving average of $72.30. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, April 20, 2017 there was some notable buying of 1,008 contracts of the $50.00 call expiring on Friday, January 19, 2018. The stock has averaged a 19.1% move on earnings in recent quarters. Tyson Foods Inc. $63.33 Tyson Foods Inc. (TSN) is confirmed to report earnings at approximately 7:30 AM ET on Monday, May 8, 2017. The consensus earnings estimate is $1.06 per share on revenue of $9.10 billion and the Earnings Whisper ® number is $1.06 per share. Investor sentiment going into the company's earnings release has 58% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.93% with revenue decreasing by 0.76%. Short interest has decreased by 15.7% since the company's last earnings release while the stock has drifted lower by 5.5% from its open following the earnings release to be 5.0% below its 200 day moving average of $66.70. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, May 3, 2017 there was some notable buying of 741 contracts of the $67.50 call expiring on Friday, May 19, 2017. Option traders are pricing in a 5.3% move on earnings and the stock has averaged a 6.7% move in recent quarters. ON Semiconductor Corporation $14.42 ON Semiconductor Corporation (ON) is confirmed to report earnings at approximately 2:00 PM ET on Monday, May 8, 2017. The consensus earnings estimate is $0.26 per share on revenue of $1.24 billion and the Earnings Whisper ® number is $0.27 per share. Investor sentiment going into the company's earnings release has 68% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 52.94% with revenue increasing by 51.74%. Short interest has decreased by 13.7% since the company's last earnings release while the stock has drifted lower by 4.8% from its open following the earnings release to be 14.0% above its 200 day moving average of $12.65. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, April 25, 2017 there was some notable buying of 2,540 contracts of the $13.00 put expiring on Friday, June 16, 2017. The stock has averaged a 5.0% move on earnings in recent quarters. Netease.com Inc. $264.50 Netease.com Inc. (NTES) is confirmed to report earnings at approximately 6:00 PM ET on Wednesday, May 10, 2017. The consensus earnings estimate is $4.24 per share on revenue of $1.60 billion and the Earnings Whisper ® number is $3.30 per share. Investor sentiment going into the company's earnings release has 74% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 39.93% with revenue increasing by 30.34%. Short interest has decreased by 25.5% since the company's last earnings release while the stock has drifted lower by 6.7% from its open following the earnings release to be 7.8% above its 200 day moving average of $245.32. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, April 27, 2017 there was some notable buying of 505 contracts of the $290.00 call expiring on Friday, May 12, 2017. Option traders are pricing in a 6.2% move on earnings and the stock has averaged a 7.2% move in recent quarters. Plug Power, Inc. $2.29 Plug Power, Inc. (PLUG) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, May 9, 2017. The consensus estimate is for a loss of $0.07 per share on revenue of $26.73 million and the Earnings Whisper ® number is ($0.06) per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 40.00% with revenue increasing by 74.34%. Short interest has decreased by 0.7% since the company's last earnings release while the stock has drifted higher by 129.0% from its open following the earnings release to be 30.8% above its 200 day moving average of $1.75. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 12.2% move on earnings and the stock has averaged a 8.0% move in recent quarters.
ShadowTrader Video Weekly 5.7.17 - Trade Ideas TSLA & SNAP and more Video from ShadowTrader Peter Reznicek
I suspect the markets were run up in anticipation of a Macron win on Sunday. Then the market can gap up over the resistance at 2401. This will mean it's now support. Will be pretty interesting if Le Pen wins.
