Welcome Stockaholics to the trading week of November 6th! 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: CVS Health, Michael Kors, Mylan, Softbank, Etsy, Priceline, TripAdvisor, Sysco, Booz Allen Hamilton, International Flavors and Frangrances, w TrueCar, Red Robin, FMC, Plains All American 12:10 p.m. New York Fed President William Dudley 2 p.m. Senior loan officer survey Tuesday Earnings: Toyota Motor, Tapestry, Valeant Pharma, SeaWorld, Marriott, Blue Buffalo, CBOE Holdings, Virtu Financial, Emerson, Snap, Zillow, Match Group, Dean Foods, Malinckrodt, Hain Celestial, Emerson, Lattice Semiconductor, Fossil, Tanger Factory Outlet, Zynga 10 a.m. JOLTS 1:15 p.m. Fed Vice Chairman Randal Quarles discusses financial regulation at Clearing House annual conference 3 p.m. Consumer credit 3 p.m. Fed Chair Janet Yellen accepts Paul H. Douglas Award for Ethics in Government Wednesday Earnings: Humana, Royal Ahold, Wendy's, Regeneron, Encana, IAC/Interactive, Valvoline, Monster Beverage, Flower Foods, Energen, Hostess Brands, MGM Resorts, Sealed Air, Wolverine Worldwide, Twilio, MGM Growth, Square, Nissan Thursday Earnings: AstraZeneca, Siemens, Nvidia, Disney, News Corp, Hertz Global, TransCanada, Macy's, Nordstrom, Johnson Controls, Kohl's, Brookfield Asset Management, Office Depot, Time Inc, Adidas, Camping World, Azul, Redfin 8:30 a.m. Initial claims 10 a.m. Wholesale trade Friday Earnings: JC Penney, Allianz, Nippon Telegraph, Arcelor Mittal 10:00 a.m. Consumer sentiment 2:00 p.m. Federal budget
Stocks Shrug At Trump Tax Plan As VIX Collapses To Record Low The Rick Astley Market will never let you down... It's Payrolls Friday - so stocks rallied!! S&P, Dow up for the 8th straight week (longest streak since Nov 2013), Nasdaq 6th straight weekly gains, but Small Caps ended the week lower (for the 2nd week in a row) with the worst week in 2 months... And if weakness in Small Caps didn't signal disappointment in Trump's Tax Plan (or lack of faith in it passing), then maybe this will... VIX was crushed to a record weekly closing low...9.03 lows today!! FANG Stocks managed to hold on to gains this week... But Tesla tumbled... Bank stocks underperformed the market on the week (fading today) catching down to the yield curve's collapse... 2Y Yields and the Dow continue to correlate perfectly as hedging remains very active... High yield bonds had the worst week in 2 months... closing back below the 200DMA... Treasury yields were mixed on the week with the long-end masively outperforming... Crashing the yield curve the lowest since Nov 2007... This week saw the 5s30s spread drop most since Dec 2016 2s30s crashed most this week since Brexit (summer 2016) However, there was one bond market that collapsed... A sea of red across VENZ and PDVSA bonds today after Maduro's restructuring comments... The Dollar Index surged higher today - after plunging on payrolls (tagging stops at the week's lows) - back to unchanged on the week... Cable and Yen were weakest on the week, offset by Loonie, Yuan strength for the dollar to end unch... Bitcoin surged over 27% this week (only its 5th best week of the year) to $7500 at its highs - a new record high... WTI Crude rose for the 4th week in a row (8th week of last 9) to its highest close since July 2015... Also, notably, WTI saw a 'golden cross' today as the 50DMA crossed above the 200DMA... As Crude soared today, silver tanked... Crude is at its mot expensive compared to silver since Jan 2017... And finally... The Fed did indeed begin to 'normalize' the balance sheet in October... with a $5.23 billion reduction in the month...
Spoiler: Weekend Reading: Will Tax Reform Deliver As Expected? Authored by Lance Roberts via RealInvestmentAdvice.com, As I noted last Friday, the recently approved budget was an anathema to any fiscally conservative policy. As the Committee for a Responsible Federal Budget stated: “Republicans in Congress laid out two visions in two budgets for our fiscal future, and today, they choose the path of gimmicks, debt, and absolutely zero fiscal restraint over the one of responsibility and balance. While the original House budget balanced on paper and offered some real savings, the Senate’s version accepted today by the House fails to reach balance, enacts a pathetic $1 billion in spending cuts out of a possible $47 trillion, and allows for $1.5 trillion to be added to the national debt. Make no mistake – this is a defining moment for the Republican party. After years of passing balanced budgets and calling for fiscal responsibility, the GOP is now on-the-record as supporting trillions in new debt for the sake of tax cuts over tax reform and failing to act on the pressing need to reform our largest entitlement programs.” Passing fiscally irresponsible budgets just for the sake of passing “tax cuts,” is, well, irresponsible. Once again, elected leaders have not listened to, or learned, what their constituents are asking for which is simply adherence to the Constitution and fiscal restraint. As the CFRB concludes: “Tax cuts do not pay for themselves; they can create growth, but in the amount of tenths of percentage points, not whole percentage points. And they certainly cannot fill in trillions in lost revenue. Relying on growth projections that no independent forecaster says will happen isn’t the way to do tax reform.” That is absolutely correct. As the chart below shows there is ZERO evidence that tax cuts lead to stronger sustained rates of economic growth. The chart compares the highest tax rate levels to 5-year average GDP growth. Since Reagan passed tax reform, average economic growth rates have only gone in one direction. However, the most likely unintended consequence of the proposed tax “cut” bill is that it will likely translate into a “hike” on middle class Americans. Take a look at the proposed tax bracket chart below. Now, compare that with the actual breakdown of “who pays taxes.” “The bottom 80% currently pay only about 18% of individual taxes with top 20% paying the rest. Furthermore, the bottom 40% currently have a NEGATIVE tax liability, and with the new tax plan cutting many of the deductions currently available for those in the bottom 40%, it could be the difference between a tax refund and actually paying taxes. “ “Of course, those in the top 20% of income earners are likely already consuming at a level with which they are satisfied. Therefore, a tax cut which delivers a few extra dollars to their bottom line, will likely have a negligible impact on their current levels of consumption.” Given the newly designed tax brackets compresses individuals into fewer groups, it is quite likely a large chunk of the bottom 80% will likely experience either a hike or an inconsequential change. With the bottom 80% already consuming at max capacity, as discussed yesterday, a tax increase will hit the economy right where it hurts the most – in consumption expenditures. “As the chart below shows, while savings spiked during the financial crisis, the rising cost of living for the bottom 80% has outpaced the median level of ‘disposable income’ for that same group. As a consequence, the inability to ‘save’ has continued.” But while Congressional members were campaigning yesterday that the “tax plan” would give an $1182 tax cut to most Americans, it should not be forgotten that since they failed to “repeal and replace” the Affordable Care Act, any tax cut will only be diverted to offset a substantial rise in health care premiums in 2018. Regardless, the proposed tax bill is just the first step. Let the “horse trading” begin. In the meantime, while we await the actual tax reform bill, here is your weekend reading list. Trump, Economy & Fed Jay Powell – A Quiet Leader by Danielle DiMartino-Booth via MoneyStrong The People Vs. Donald Trump by Caroline Baum via MarketWatch The GOP Snatched Defeat From Jaws Of Victory by George Will via National Review Why The Market Surged Under Trump by Simon Constable via Forbes A Step Backwards For Fiscal Responsibility by Committee For A Responsible Federal Budget GOP Tax Plan Talking Points Released by Tyler Durden via ZeroHedge Not Trillions, But Just $250 Billion In Repatriation by Joe Ciolli via BI Next Fed Chair Has A MUCH Tougher Job by Pedro Da Costa via BI The Giant GOP Tax Reform Bill by Bob Bryan via BI Democrats Are Making The Wrong Argument Against Tax Plan by Pedro Da Costa via BI Tax Plan Could Lead To Lot’s Of Stock Buybacks by Elena Holodny via BI Americans Are Officially Freaking Out by Deena Shanker via Bloomberg Trump Lucks Out With Strong Economy by Derek Thompson via The Atlantic Jerome Powell – The Boring Choice by Patti Domm via CNBC The Fading Scent Of The American Dream by Charles Hugh Smith via The Daily Reckoning Markets The Strongest Melt-Up Gains Start Here by Greg Guenthner via Daily Reckoning Stock Investors Should Fear THESE 4-Wordsby Shawn Tully via Fortune The Dimming Of “Morningstar’s” Light by SA Gil Weinreich via Seeking Alpha A Roadmap To Cheaper Stocks by Michael Brush via MarketWatch Elevated Evaluations & Low Future Returns by Kern, Kwok & Joslin via TFC Financial Mgmt. Buffett Indicator Says Investors Playing With Fire by Shawn Langlois via MarketWatch FAANG Stocks Take A Bite Out Of Bears by Michael Kahn via Barron’s The Greatest Fear Is The Lack Of Fear by James Rickards via Daily Reckoning Companies Most Likely To Benefit From Tax Plan Rise by Joe Ciolli via BI Trend Growth Remains 2% by Bryce Coward via Knowledge Leaders A Rising Tide Of Earnings Shenanigans by William Watts via MarketWatch The Roach Motel: You Probably Own Some Roaches by Michael Lebowitz via RIA A Long Time Ago In A Market Galaxy Far, Far Away by Doug Kass via RIA Research / Interesting Reads The Bitter Irony Of Real Disposable Incomes by Wolf Richter via Wolf Street We Aren’t Prepared For The Next Recession via Annie Lowrey via The Atlantic You Got Volatility All Wrong by Simon Maierhofer via MarketWatch Value Investor “Dead Pool” by Kevin Muir via The Macro Tourist The Bitcoin Bubble by Buttonwood via The Economist Happy Days For Consumers by Ed Yardeni via Yardeni Research Lessons Learned From Friedman, Sowell & Mom by Gene Epstein via Barron’s The Treasury Bubble That Never Came by Mazzoleni & Garg via Research Affiliates Tale Of Two Economies Top 40% & Bottom 60% by Ray Dalio The Full Resetby Morgan Housel via Collaborative Fund Market Valuations NOT Justified By Low Rates by John Hussman via Hussman Funds Remember To Come Back In November by Dana Lyons via The Lyons Share Edge Of The Cliff (Video) by Jesse Felder via The Felder Report “An investment operation is one which, upon thorough analysis, promises safety of principal and a satisfactory return. Operations which do not meet these requirements are speculative.” – Benjamin Graham
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-
Market’s Best Three-Month Span is November to January Over the last 67 full years, DJIA has gained an average of 4.0% during the three consecutive months of November, December and January. S&P 500 has gained 4.1% and NASDAQ has averaged 5.9% (since 1971). Over the long-term, these are the Best Three Consecutive Months to be long the market. They may not all be positive every year, but they have been a consistent source of gains over the years. This was definitely the case last November, December and January and a repeat is likely as past Great Worst Months (May-October) were followed by above average performance during the “Best Six Months” (November-April). November - a top preforming month in post-election years November begins the “Best Six Months” for the DJIA and S&P 500, and the “Best Eight Months” for NASDAQ. Small caps come into favor during November, but don’t really take off until the last two weeks of the year. November is the number-three DJIA and number-two S&P 500 month since 1950. Since 1971, November ranks second for NASDAQ. November is number-one for Russell 1000 and Russell 2000 second best since 1979. November maintains its status among the top performing months as fourth-quarter cash inflows from institutions drive November to lead the best consecutive three-month span November-January. The month has taken hits during bear markets and November 2000, down –22.9% (undecided election and a nascent bear), was NASDAQ’s second worst month on record—only October 1987 was worse. In post-election years, November’s market prowess is relatively unchanged. DJIA has advanced in 13 of the last 16 post-election years since 1953 with an average gain of 1.8%. DJIA has been up 10-straight post-election year Novembers. S&P 500 has been up in 12 of the past 16 post-election years. Small caps perform well with Russell 2000 climbing in 7 of the past 9 post-election years, averaging 2.8%. The only real blemishes in the November post-election year record are 1969 (DJIA –5.1%) and 1973 (DJIA –14.0%, OPEC oil embargo). Typical November Pattern: Strength Early and Late During the most recent 21-year period, 1996 to 2016, November has been a solid performing month. November is #2 for DJIA (+2.2%) and NASDAQ (+2.1%). It is S&P 500’s #4 month with an average 1.7% gain. Based upon the above seasonal pattern chart November typically begins well with all five indexes generally trading higher over the first four trading days of the month, then weaken modestly over the fifth, sixth, seventh and eighth trading days before briefly bouncing higher mid-month (trading days nine to eleven). Depending on index the next move is, either sideways or lower until the sixteenth trading day when all five indexes begin to move higher. The Best Six Months of the Year Could Get Even Better Posted by lplresearch So much for “sell in May and go away.” The S&P 500 Index has gained more than 6% during the historically worst six months of the year and could finish higher each of the six months (from May to October) for the first time since 1980. Then again, 2017 has been breaking records left and right, so the strength we’ve seen during this seasonally weak period shouldn’t be too surprising. The table below shows that the S&P 500 historically does much better from November to April, with an average gain of 7.0% versus 1.5% for the other six months. The following table, which shows average S&P 500 performance for all possible six-month combinations, confirms that the next six months have indeed been the strongest, with the ”sell in May” period of May to October being the weakest, on average. *Please note: The modern design of the S&P 500 stock index was first launched in 1957. Performance back to 1950 incorporates the performance of predecessor index, the S&P 90. Per Ryan Detrick, Senior Market Strategist, “Wouldn’t you know it, when the worst six months of the year are strong (like 2017), the best six months of the year that follow have tended to do even better.” The table below outlines all the years in which the worst six-month period (May to October) was up at least 5% and what happened next: The usually strong November to April period is up 9.2% on average, above the 7.0% average return. It doesn’t stop there though, as November is up 3.4% versus the average November return of 1.5% and the return during November and December is 5.0% versus the average year of 3.2%. Historically, the remainder of the fourth quarter (November to December), and the subsequent six-month period (November to April) saw greater average returns compared with all periods. Though this is only one metric, if the S&P 500 holds up through the end of the month, we could be in for continued above-average performance during an already historically strong period. What Will Stocks Do Under a New Fed Chair? Posted by lplresearch President Trump is reportedly set to announce his selection for the next Chair of the Board of Governors of the Federal Reserve (Fed) in the very near future, with Jerome Powell emerging as the likely nominee. Though he’s yet to make a final decision, reports suggest that a final decision will come before November 3. In our latest Bond Market Perspectives, we took a dive into the potential shift in composition of Fed members in 2018, in addition to the chair, and why it could be quite hawkish—but what does new Fed leadership really mean? Per Ryan Detrick, Senior Market Strategist, “Just as a new President brings uncertainty, a new Fed chair can do the same. In fact, going clear back to Charles Hamlin (the first Fed chair) in 1914 and his 14 successors, the Dow is down on average six months after a new chair.” Keep in mind that the sample size is quite small and the results below are skewed due to WWI, the Great Depression, and the crash of 1987. We’re not suggesting that a new Fed chair is likely to trigger a sharp selloff, but it would add to market uncertainty, and markets don’t like uncertainty. So we wouldn’t be surprised if Trump’s announcement spurs a bout of volatility, but when we look at the bigger picture, we continue to see very few signs of the excesses seen at previous major market peaks. This suggests very low odds of a recession beginning over the next 12–18 months and a likely continuation of the equity bull market in 2018.
Stock Market Analysis for Week Ending 11.3.17 Video from AlphaTrends Brian Shannon ShadowTrader Video Weekly 11.5.17 - Important back to back signals in Market Profile Video from ShadowTrader Peter Reznicek
Here are the current pullback/correction levels as of this week ending- (Side Note: I don't know why I keep posting this in here...the pullback is never coming! )
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 11.6.17 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! Monday 11.6.17 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! Tuesday 11.7.17 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 11.7.17 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 11.8.17 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 11.8.17 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 11.9.17 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 11.9.17 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 11.10.17 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 11.10.17 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 (11/6-11/10) <-- click there to cast your weekly vote for this upcoming week! In addition we have our weekly stock picking contest thread now up and running as well!- Stockaholics Weekly Stock Picking Contest for the Week of (11/6-11/10) <-- click there to post your weekly picks for this week! ======================================================================================================== 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!
And as promised here are the most anticipated ERs calendar for this upcoming week ahead: ($NVDA $SQ $SNAP $AAOI $VRX $CVS $PCLN $DIS $SWKS $WB $ON $KORS $M $JCP $PLUG $TTWO $MEET $REGN $WTW $MZOR) NVIDIA Corp. $208.69 NVIDIA Corp. (NVDA) is confirmed to report earnings at approximately 4:20 PM ET on Thursday, November 9, 2017. The consensus earnings estimate is $0.94 per share on revenue of $2.36 billion and the Earnings Whisper ® number is $1.02 per share. Investor sentiment going into the company's earnings release has 83% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 13.25% with revenue increasing by 17.76%. Short interest has decreased by 12.9% since the company's last earnings release while the stock has drifted higher by 32.8% from its open following the earnings release to be 46.7% above its 200 day moving average of $142.30. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, October 30, 2017 there was some notable buying of 6,325 contracts of the $210.00 call expiring on Friday, December 8, 2017. Option traders are pricing in a 8.1% move on earnings and the stock has averaged a 12.7% move in recent quarters. Square, Inc. $36.89 Square, Inc. (SQ) is confirmed to report earnings at approximately 4:00 PM ET on Wednesday, November 8, 2017. The consensus earnings estimate is $0.05 per share on revenue of $573.81 million and the Earnings Whisper ® number is $0.07 per share. Investor sentiment going into the company's earnings release has 83% expecting an earnings beat The company's guidance was for a loss of $0.07 to $0.06 per share on revenue of $562.00 million to $568.00 million. Consensus estimates are for year-over-year earnings growth of 155.56% with revenue increasing by 30.71%. Short interest has increased by 47.8% since the company's last earnings release while the stock has drifted higher by 45.2% from its open following the earnings release to be 59.1% above its 200 day moving average of $23.19. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, October 31, 2017 there was some notable buying of 39,288 contracts of the $34.00 put expiring on Friday, November 17, 2017. Option traders are pricing in a 10.3% move on earnings and the stock has averaged a 10.7% move in recent quarters. Snap Inc. $15.27 Snap Inc. (SNAP) is confirmed to report earnings at approximately 4:10 PM ET on Tuesday, November 7, 2017. The consensus estimate is for a loss of $0.31 per share and the Earnings Whisper ® number is ($0.30) per share. Investor sentiment going into the company's earnings release has 20% expecting an earnings beat. Short interest has increased by 69.5% since the company's last earnings release while the stock has drifted higher by 27.3% from its open following the earnings release. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, October 30, 2017 there was some notable buying of 5,058 contracts of the $26.00 call expiring on Friday, January 19, 2018. Option traders are pricing in a 14.7% move on earnings and the stock has averaged a 17.8% move in recent quarters. Applied Optoelectronics, Inc. $37.82 Applied Optoelectronics, Inc. (AAOI) is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, November 7, 2017. The consensus earnings estimate is $1.02 per share on revenue of $88.53 million and the Earnings Whisper ® number is $1.09 per share. Investor sentiment going into the company's earnings release has 58% expecting an earnings beat The company's guidance was for earnings of $1.30 to $1.43 per share on revenue of $107.00 million to $115.00 million. Consensus estimates are for year-over-year earnings growth of 191.43% with revenue increasing by 26.22%. Short interest has increased by 22.4% since the company's last earnings release while the stock has drifted lower by 49.6% from its open following the earnings release to be 33.8% below its 200 day moving average of $57.10. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, October 16, 2017 there was some notable buying of 1,398 contracts of the $35.00 put expiring on Friday, November 17, 2017. Option traders are pricing in a 20.4% move on earnings and the stock has averaged a 18.8% move in recent quarters. Valeant Pharmaceuticals International, Inc. $11.49 Valeant Pharmaceuticals International, Inc. (VRX) is expected to report earnings at approximately 7:00 AM ET on Tuesday, November 7, 2017. The consensus earnings estimate is $0.91 per share on revenue of $2.17 billion and the Earnings Whisper ® number is $0.93 per share. Investor sentiment going into the company's earnings release has 70% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 41.29% with revenue decreasing by 12.49%. Short interest has increased by 10.8% since the company's last earnings release while the stock has drifted lower by 32.1% from its open following the earnings release to be 17.8% below its 200 day moving average of $13.98. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, October 16, 2017 there was some notable buying of 20,363 contracts of the $14.00 call expiring on Friday, January 19, 2018. Option traders are pricing in a 16.2% move on earnings and the stock has averaged a 16.9% move in recent quarters. CVS Health $69.25 CVS Health (CVS) is confirmed to report earnings at approximately 6:55 AM ET on Monday, November 6, 2017. The consensus earnings estimate is $1.49 per share on revenue of $46.19 billion and the Earnings Whisper ® number is $1.51 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 $1.47 to $1.50 per share. Consensus estimates are for earnings to decline year-over-year by 9.15% with revenue increasing by 3.53%. Short interest has decreased by 20.2% since the company's last earnings release while the stock has drifted lower by 11.9% from its open following the earnings release to be 11.3% below its 200 day moving average of $78.08. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, October 18, 2017 there was some notable buying of 12,363 contracts of the $85.00 call expiring on Friday, February 16, 2018. Option traders are pricing in a 7.8% move on earnings and the stock has averaged a 4.0% move in recent quarters. Priceline Group Inc. - Priceline Group Inc. (PCLN) is confirmed to report earnings at approximately 4:00 PM ET on Monday, November 6, 2017. The consensus earnings estimate is $34.31 per share on revenue of $4.34 billion and the Earnings Whisper ® number is $34.39 per share. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat The company's guidance was for earnings of $32.40 to $34.10 per share. Consensus estimates are for year-over-year earnings growth of 7.76% with revenue increasing by 17.60%. Short interest has increased by 2.1% since the company's last earnings release while the stock has drifted lower by 0.8% from its open following the earnings release to be 4.2% above its 200 day moving average of $1,817.33. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 5.8% move on earnings and the stock has averaged a 5.9% move in recent quarters. Walt Disney Co $98.64 Walt Disney Co (DIS) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, November 9, 2017. The consensus earnings estimate is $1.12 per share on revenue of $13.14 billion and the Earnings Whisper ® number is $1.16 per share. Investor sentiment going into the company's earnings release has 41% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 1.82% with revenue decreasing by 0.02%. Short interest has increased by 63.1% since the company's last earnings release while the stock has drifted lower by 2.1% from its open following the earnings release to be 6.8% below its 200 day moving average of $105.84. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, October 31, 2017 there was some notable buying of 7,101 contracts of the $95.00 put expiring on Friday, November 17, 2017. Option traders are pricing in a 4.0% move on earnings and the stock has averaged a 2.4% move in recent quarters. Skyworks Solutions, Inc. $113.19 Skyworks Solutions, Inc. (SWKS) is confirmed to report earnings at approximately 4:15 PM ET on Monday, November 6, 2017. The consensus earnings estimate is $1.75 per share on revenue of $980.58 million and the Earnings Whisper ® number is $1.78 per share. Investor sentiment going into the company's earnings release has 83% expecting an earnings beat The company's guidance was for earnings of approximately $1.75 per share on revenue of approximately $980.00 million. Consensus estimates are for year-over-year earnings growth of 19.05% with revenue increasing by 17.38%. Short interest has increased by 32.5% since the company's last earnings release while the stock has drifted higher by 6.1% from its open following the earnings release to be 11.3% above its 200 day moving average of $101.74. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, November 1, 2017 there was some notable buying of 2,022 contracts of the $108.00 put expiring on Friday, November 17, 2017. Option traders are pricing in a 6.7% move on earnings and the stock has averaged a 5.6% move in recent quarters. Weibo Corporation $96.41 Weibo Corporation (WB) is confirmed to report earnings at approximately 5:30 AM ET on Tuesday, November 7, 2017. The consensus earnings estimate is $0.45 per share and the Earnings Whisper ® number is $0.46 per share. Investor sentiment going into the company's earnings release has 76% expecting an earnings beat The company's guidance was for revenue of $290.00 million to $300.00 million. Consensus estimates are for year-over-year earnings growth of 221.43% with revenue increasing by 464.80%. Short interest has decreased by 21.5% since the company's last earnings release while the stock has drifted higher by 19.1% from its open following the earnings release to be 32.9% above its 200 day moving average of $72.52. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, October 30, 2017 there was some notable buying of 1,502 contracts of the $80.00 put expiring on Friday, January 18, 2019. Option traders are pricing in a 9.1% move on earnings and the stock has averaged a 10.5% move in recent quarters.
so, what is on everyone's radar this weekend as we head into this week? got an interesting setup? are the markets looking toppy to you here? anything we should be keeping a close eye on this week? let's hear it! have a great weekend everyone.
Cybersecurity stocks look appealing. Here's the ETF PANW bouncing off the 50-day ma, CHKP got a nice dip with skyscraper volume. These are great entry points where you don't need to risk much. CYBR has looked the strongest recently, busting into the gap.
Biotech ETF at a swing point LGND reporting this week, has stayed consistently strong while other biotechs dipped. $3B company with only 22 employees. That's $140M per employee. Currently in BIIB, which has held its ground after retesting the $305 breakout level.
good morning! monday pre-market post is up: https://www.stockaholics.net/threads/11-6-monday-stock-market-movers-news.4996/ hope everyone has a great trading day and week in here!
yea i got in LABU around $77, looking for a run back to 90s. also im tired of all these press releases involving amd, and not one yet has been confirmed by amd themselves, so all the events have been pump and dumps. https://www.cnbc.com/2017/11/06/amd...chip-deal-with-intel-to-fight-off-nvidia.html
