Welcome Stockaholics to the trading week of October 30th! 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: Noble Energy, CNA Financial, Lowes, Nintendo, Diamond Offshore, First Data, Sempra Energy, Boardwalk Pipeline, Texas Roadhouse, Vornado Realty, Everest Re 8:30 a.m. Personal income and spending Tuesday FOMC meeting begins Earnings: Pfizer, BP, Mastercard, Kellogg, Aetna, American Tower, Archer Daniels Midland, Check Point Software, Cummins, Anadarko, Under Armour, AK Steel, Sony, Steve Madden, Ryanair, U.S. Steel, Electronic Arts, Newfield Exploration, Oshkosh, Mosaic 8:30 a.m. Employment cost index (Q3) 9:00 a.m. S&P/Case-Shiller home prices 9:45 a.m. Chicago PMI 10:00 a.m. Consumer confidence 10:00 a.m. Housing vacancies Wednesday October vehicle sales Earnings: Facebook, Tesla, Kraft Heinz, Honda Motor, Estee Lauder, Clorox, Southern Co, Allergan, FireEye, Pioneer Natural Resources, Brighthouse, Fitbit, Qualcomm, Cheesecake Factory, Shake Shack, GoPro, NY Times, Generac, Marathon Oil 8:15 a.m. ADP employment 9:45 a.m. Markit PMI 10:00 a.m. ISM manufacturing 10:00 a.m. Construction spending 2:00 p.m. FOMC statement Thursday Earnings: Apple, Alibaba, DowDupont, AIG, Starbucks, Activision Blizzard, CBS, Tableau Software, Pandora, Allscripts Healthcare, El Pollo Loco, Autonation, Ralph Lauren, Apache, Royal Dutch Shell, Teva, Blue Apron, Credit Suisse, Sanofi, Yum Brands, Wayfair, Genworth Financial 8:30 a.m. Initial claims 8:30 a.m. Productivity and costs 12:20 p.m. New York Fed President William Dudley 6:15 p.m. Atlanta Fed President Raphael Bostic Friday Earnings: Berkshire Hathaway, Sotheby's, Bloomin' Brands, Duke Energy, Buckeye Partners, CenterPoint, Madison Square Garden, Pinnacle West 8:30 a.m. Employment 8:30 a.m. International Trade 9:45 a.m. Services PMI 10:00 a.m. ISM nonmanufacturing 10:00 a.m. Factory orders 12:15 p.m. Minneapolis Fed President Neel Kashkari
Bezos Beat Batters Bears But Bonds & Bullion Bounce Overheard on CNBC today... "today we get proof this is not a bubble..." Nope.. h/t @Stalingrad_Poor So Catalan secedes and Spain loses 22% of its GDP and still the Spanish stock market is outperforming the S&P in USD terms... DoD Plans Solar-Storm-Based National Blackout Drill During… According to T(ARRL), elements of the US Department of Defense (DOD) will simulate a “communications… Before we start - let's take a quick look at today's cross-asset-class moves - Stocks Up (well durr!), VIX crashed (back below 10), Bonds Up (wait... that doesn't make sense), Gold Up (woah, why)... and the Dollar Down... (certainly doesn't sound like the epic stock market environment that the media proclaims it to be)... This is the 5th weekly rise in a row for Nasdaq (best day since the election), 7th in a row for S&P and Dow... but Small Caps and Trannies ended the week red... The Dow barely managed gains on the day... Of course today was all about AMZN (best week since April 2015) and the big tech stocks... and as AMZN squeezed over 13% higher on the day, so Nasdaq followed... VIX tumbled on the day, back below 10 - after topping 13 in the middle of the week... And while Nasdaq VIX had decoupled from the index, today saw them reconnect somewhat as vol collapsed... But can you spot the week's odd 'tech' out... FANG Stocks best week in 3 months... Given the decoupling between AMZN and its EPS expectations... Perhaps you are wondering why it just hit $1100...(correlation between the level of G3 balance sheets and AMZN for the last year is well above 95%) 5 Tech stocks alone added a stunning $200 billion market cap today... Tax hopes - "sell the news" again... Financials outperformed the broad market on the week as the yield curve modestly steepened... Treasury yields ended the week higher but amid today's exuberant equity market gains, bonds were bid The Dollar Index rallied on the week (on yesterday's EUR tumble) but rolled back over today... CAD (BoC), AUD (CPI), and EUR (ECB) weakness sent the dollar higher on the week... EURUSD's worst week of 2017... Bitcoin ended the week lower (yes lower) - first losing week in the last 5... Despite the dollar strength, WTI Crude soared over 4% this week (Brent above $60 - highest since July 2015). Copper, Gold, and Silver slipped (though the PMs rallied today)... WTI's best week in 3 months...tagging $54 - the highest since March... Finally, courtesy of Mr. 'Not' Jim Cramer... View image on Twitter
Spoiler: Weekend Reading: Markets Love Central Banks - No Matter What They Do Authored by Lance Roberts via RealInvestmentAdvice.com, I discussed yesterday, the apparent “myth” of the Fed’s proposed “balance sheet reduction” program as the most recent analysis shows a $13.5 billion “reinvestment” into their balance sheet which has helped fuel the recent market advance. But therein lies the potential “fatal flaw” of the “bullish logic.” At the September FOMC meeting, the Federal Reserve announced their latest decision which contained two primary components: No rate hike currently, although, further rate hikes are likely in the future, and; The beginning of the process to cease reinvestment of the Fed’s balance sheet. That announcement was notable for two reasons: The Fed did NOT hike rates because the underlying economic data, and, in particular, the inflation data, suggests the economy is too weak to absorb a further increase currently, and; The unwinding of the balance sheet is generally believed to be bullish for stocks. So, despite the clear evidence of the support for the markets provided by near zero-interest rate policy and trillions in monetary injection, it is believed that “unwinding” those supports will have “no effect” on the market. In other words, it doesn’t matter what the Fed does, it’s “bullish.” The same is also believed to be the case for the European Central Bank and Mario Draghi who just announced yesterday that the ECB’s QE program will begin to be reduced by €30 Billion per month (down from €60 Billion). While this will continue the expansion of their balance sheet currently, the end of “QE,” as the markets have come to know it, is coming to an end. Don’t misunderstand me, Central Banks are still very actively engaged in the support of the financial markets for the time being which keeps asset prices positively buoyed. However, with Central Banks now “tightening” monetary policy, the risk of a policy error has risen markedly. This is particularly the case when the financial markets insist on ignoring the knock-off effects of less liquidity. Tax Reform With Complete Disregard Yesterday, the House of Representatives passed the Senate-approved budget. This budget is 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.” Goldman Sachs Maintains The Most Tax Havens Of Any US… Multinational companies based in the United States are able to avoid paying an estimated $100 billion in every year… 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. Here is your weekend reading list. Trump, Economy & Fed Fed Ignores Most Relevant Evidence by Caroline Baum via MarketWatch Another Reason To Fear Unions by Simon Constable via PJ Media Given Time Tax Cuts Will Work by Stephen Moore via The Washington Times Tax Cuts Won’t Work As Well As Trump Hopes by Don Lee via LA Times Kevin Hassett Is Betting Tax Deliver Growth by George Will via National Review Here’s What’s Important About The Budget by Robert Samuelson via RCM The Risk Of Income Tax Reform “In Name Only” by Brian Domitrovic via Forbes Republicans Are NOT Cutting Taxes by John Tamny via RCM Dem’s Fight To Keep SALT Deduction by Editorial via IBD Trump Should Keep Yellen As Fed Chair by Editorial via USA Today The GOP Has No Budget Plan by James Capretta via Real Clear Policy The New Populism Isn’t About Economics by Tyler Cowen via Bloomberg Hassett’s Flawed Analysis Of Tax Plan by Larry Summers via CNBC Don’t Be Fooled By Corporate Tax/Wage Correlation by Paul Krugman via NYT Markets One Of The MOST Overbought Markets In History by Charlie Bilello via Pension Partners Some Reasons To Worry As Stocks Riseby Jeff Reeves via MarketWatch What Would You Do With $1 Billion by SA Gil Weinreich via Seeking Alpha S&P 500 Matches Uncanny Record For Doing Nothing by Mark DeCambre via MarketWatch Longest Streak Ever W/O A 3% Correction by Ryan Detrick via LPL Financial The $1000 Bagel And Market Tops by Shawn Langlois via MarketWatch First Cracks In The Market Appear by Michael Kahn via Barron’s Intermediate-Term Irrational by David Merkel via The Aleph Blog Japan Is Booming, But Not Really by Jeffrey Snider via Alhambra Partners Low Rates: Yes, You Still Need Bonds by James Picerno via Capital Spectator BofA: Market Implies No Way A Shock Can Happen by Tyler Durden via ZeroHedge Buy & Hold Fantasy Reaches Fever Pitch by Richard Rosso via RIA Volatility, The World’s Only Undervalued Asset Class by Doug Kass via RIA Research / Interesting Reads Is Fed Getting Gold Feet About QE Unwind by Wolf Richter via Wolf Street The Bull, The Bear & The Tortoise by Simon Maierhofer via MarketWatch Passive Should Never Laugh At Active by Kevin Muir via The Macro Tourist The Market IS NOT The Economy by Buttonwood via The Economist Shielding Seniors From Financial Fraud by Alex Veiga via USA Today Capping 401k Contributions Worsens Savings Crisis by Robert Powell via The Street Americans Still Terrible At Investing by Lance Roberts via MarketWatch Understanding The Fed’s Shrinking Balance Sheet by Kathy Jones via Schwab An Old-School Manager Builds Wealth Quietlyby Landon Thomas via NY Times Even Borderline Data Will Be Recessionary by William Hester via Hussman Funds Bears Head For Early Hibernationby Dana Lyons via The Lyons Share What Were You Thinking by Jesse Felder via The Felder Report “There have been three great inventions since the beginning of time: fire, the wheel, and Central Banking.“ – Will Rogers
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-
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). Next Best 6 Months Look Good With three days left in the historically scary month of October for markets it looks like we will sidestep October’s penchant for volatility and sharp negative market surprises. On top of the banner “Worst Six Months” that are about to come to a close this continuing upside momentum bodes well for the next “Best Six Months” and 2018 until something shocks the system. But for now all is well. Last month we showed you how Great Worst Six Months are usually followed by above average Best Six Months, full-year gains, as well as strong following years. Well, this current WSM has advanced even further into “Great” territory. Last month the S&P 500 was up 5.3% for the WSM so far. As of today’s close S&P is up 7.4% for the current WSM. In the chart below we added year-to-date performance for perspective. By almost all accounts this year’s combination of a Great WSM and YTD gains will likely beget further gains. The only blemishes on this chart are 1968-69, 1981-82, and 1989-90. Vietnam and the bear market that lasted from December 1968 to May 1970 put the squeeze on stocks in 1968 and 1969. Reagan’s recession and a bear market in the wake of reigning in high interests, inflation and dysfunctional government battered markets in 1981 and 1982. The markets responded negatively in 1990 when the first President Bush reneged on his 1988 campaign promise not to raise taxes and Gulf War I consumed the psyche of the planet. 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. Would Higher Volatility Mean a Bear Market? Posted by lplresearch We’ve shown many ways over the past few months how 2017 has been among the least volatile years in history. Well, here’s another way. Per Ryan Detrick, Senior Market Strategist, “In the end, we judge how volatile a year is by the average size of the daily changes; and wouldn’t you know it, only 1964 saw a smaller average change per day than what we’ve seen year to date.” The absolute value of the average daily change for the S&P 500 Index has been only 0.30% so far in 2017, which is second only to the 0.26% seen in 1964. It is worth noting the mid-60s saw three consecutive years of low daily ranges. What could it all mean? First things first, higher volatility will come. It has no other way to go, but that isn’t always a bad thing. Remember, the last time we saw a market environment like this-in 1995- volatility increased dramatically over the subsequent four years, but that period also saw the S&P 500 double. The huge economic and bull market boom of the mid-to-late ‘50s also followed historic calm, though volatility increased more modestly during that period. The bottom line is that this is a very small sample size, but by no means does it suggest we should assume a bear market could spring into effect once volatility comes back. As long as economic growth sustains current levels and earnings remain strong, we see very little chance of a recession within the next 12 months and expect the equity bull market to continue in 2018. The Biggest Get Even Bigger Oct 27, 2017 Below is a look at the 40 largest companies in the S&P 500. Today has been a big day for the largest companies in the world. They’re all trading higher on the back of strong earnings reports from Alphabet (GOOGL), Microsoft (MSFT), and Amazon (AMZN). Apple (AAPL) remains in the lead as the largest public company in the world by more than $100 billion in market cap, but GOOGL is now worth $724 billion — larger than any company not named Apple has ever been. The 3rd, 4th, and 5th largest companies in the S&P are now all worth more than $500 billion as well. So far in 2017, the five largest companies — all Tech related names — have added close to a trillion in market cap. The remaining 495 stocks in the S&P 500 have added roughly 2 trillion. This means the five largest stocks have accounted for a third of the 2017 gains in market cap for the entire S&P 500.
Stock Market Analysis for Week Ending 10.27.17 Video from AlphaTrends Brian Shannon ShadowTrader Video Weekly 10.29.17 - New All Time Highs, Now What? Video from ShadowTrader Peter Reznicek
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 10.30.17 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! Monday 10.30.17 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! Tuesday 10.31.17 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 10.31.17 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 11.1.17 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 11.1.17 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 11.2.17 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 11.2.17 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 11.3.17 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 11.3.17 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES!
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 (10/30-11/3) <-- click there to cast your weekly vote for this upcoming week! In addition we have our weekly stock picking contest now up and running as well!- Stockaholics Weekly Stock Picking Contest for the Week of (10/30-11/3) <-- click there to post your weekly picks for this week! We also have a daily stock picking & market direction guessing challenge running here!- Stockaholics Daily Stock Pick Challenge & SPX Sentiment Poll for Monday (10/30) <-- click there to cast your daily vote & stock pick for Monday! ======================================================================================================== And lastly here are our upcoming monthly stock market poll & stock picking contest threads now up!- First the poll- Monthly SPX Poll - November 2017 Sentiment <-- click there to cast your monthly vote for November! And here are our stock picking contest thread- Stockaholics November 2017 Stock Picking Contest <-- click there to post your monthly picks for November! ======================================================================================================== 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: ($AAPL $FB $BABA $TSLA $SHOP $MA $X $GPRO $AKS $ATVI $CHK $QCOM $UAA $SBUX $TEVA $PFE $KEM $LL $EA $AGN) Apple, Inc. $163.05 Apple, Inc. (AAPL) is confirmed to report earnings at approximately 4:30 PM ET on Thursday, November 2, 2017. The consensus earnings estimate is $1.86 per share on revenue of $51.17 billion and the Earnings Whisper ® number is $1.93 per share. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat The company's guidance was for earnings of $1.72 to $1.93 per share. Consensus estimates are for year-over-year earnings growth of 11.38% with revenue increasing by 9.22%. Short interest has decreased by 12.5% since the company's last earnings release while the stock has drifted higher by 2.4% from its open following the earnings release to be 11.3% above its 200 day moving average of $146.52. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, October 27, 2017 there was some notable buying of 28,866 contracts of the $200.00 call expiring on Friday, December 15, 2017. Option traders are pricing in a 4.5% move on earnings and the stock has averaged a 4.4% move in recent quarters. Facebook Inc. $177.88 Facebook Inc. (FB) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, November 1, 2017. The consensus earnings estimate is $1.28 per share on revenue of $9.88 billion and the Earnings Whisper ® number is $1.40 per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 30.61% with revenue increasing by 40.92%. Short interest has decreased by 6.0% since the company's last earnings release while the stock has drifted higher by 1.8% from its open following the earnings release to be 16.6% above its 200 day moving average of $152.51. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, October 27, 2017 there was some notable buying of 13,962 contracts of the $177.50 call expiring on Friday, November 3, 2017. Option traders are pricing in a 5.1% move on earnings and the stock has averaged a 3.3% move in recent quarters. Alibaba Group Holding Ltd. $176.15 Alibaba Group Holding Ltd. (BABA) is confirmed to report earnings at approximately 6:45 AM ET on Thursday, November 2, 2017. The consensus earnings estimate is $1.04 per share on revenue of $7.78 billion and the Earnings Whisper ® number is $1.10 per share. Investor sentiment going into the company's earnings release has 87% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 20.93% with revenue increasing by 51.30%. Short interest has decreased by 0.5% since the company's last earnings release while the stock has drifted higher by 6.0% from its open following the earnings release to be 30.6% above its 200 day moving average of $134.84. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, October 27, 2017 there was some notable buying of 13,912 contracts of the $180.00 call expiring on Friday, November 3, 2017. Option traders are pricing in a 6.2% move on earnings and the stock has averaged a 3.0% move in recent quarters. Tesla, Inc. $320.87 Tesla, Inc. (TSLA) is confirmed to report earnings at approximately 4:15 PM ET on Wednesday, November 1, 2017. The consensus estimate is for a loss of $2.27 per share on revenue of $2.92 billion and the Earnings Whisper ® number is ($2.54) per share. Investor sentiment going into the company's earnings release has 21% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 367.06% with revenue increasing by 27.04%. Short interest has decreased by 2.0% since the company's last earnings release while the stock has drifted lower by 7.1% from its open following the earnings release to be 1.6% above its 200 day moving average of $315.83. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, October 24, 2017 there was some notable buying of 11,186 contracts of the $200.00 put expiring on Friday, April 20, 2018. Option traders are pricing in a 7.3% move on earnings and the stock has averaged a 4.3% move in recent quarters. Shopify Inc. $107.27 Shopify Inc. (SHOP) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, October 31, 2017. The consensus estimate is for a loss of $0.02 per share on revenue of $165.99 million and the Earnings Whisper ® number is $0.00 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 $164.00 million to $166.00 million. Consensus estimates are for year-over-year earnings growth of 50.00% with revenue increasing by 66.69%. Short interest has decreased by 17.7% since the company's last earnings release while the stock has drifted higher by 3.2% from its open following the earnings release to be 26.6% above its 200 day moving average of $84.70. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, October 11, 2017 there was some notable buying of 6,703 contracts of the $100.00 call expiring on Friday, November 17, 2017. Option traders are pricing in a 11.1% move on earnings and the stock has averaged a 8.1% move in recent quarters. Mastercard Inc $148.52 Mastercard Inc (MA) is confirmed to report earnings at approximately 8:00 AM ET on Tuesday, October 31, 2017. The consensus earnings estimate is $1.23 per share on revenue of $3.29 billion and the Earnings Whisper ® number is $1.26 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 13.89% with revenue increasing by 14.24%. Short interest has increased by 0.9% since the company's last earnings release while the stock has drifted higher by 12.5% from its open following the earnings release to be 21.0% above its 200 day moving average of $122.79. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, October 24, 2017 there was some notable buying of 15,697 contracts of the $145.00 put expiring on Friday, November 3, 2017. Option traders are pricing in a 3.1% move on earnings and the stock has averaged a 2.1% move in recent quarters. United States Steel Corp. $27.08 United States Steel Corp. (X) is confirmed to report earnings at approximately 4:30 PM ET on Tuesday, October 31, 2017. The consensus earnings estimate is $0.67 per share on revenue of $3.04 billion and the Earnings Whisper ® number is $0.64 per share. Investor sentiment going into the company's earnings release has 72% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 67.50% with revenue increasing by 13.18%. Short interest has decreased by 5.6% since the company's last earnings release while the stock has drifted higher by 2.0% from its open following the earnings release to be 3.1% below its 200 day moving average of $27.96. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, October 20, 2017 there was some notable buying of 18,534 contracts of the $29.00 call expiring on Friday, November 17, 2017. Option traders are pricing in a 8.3% move on earnings and the stock has averaged a 9.0% move in recent quarters. GoPro, Inc. $10.00 GoPro, Inc. (GPRO) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, November 1, 2017. The consensus earnings estimate is $0.02 per share on revenue of $314.32 million and the Earnings Whisper ® number is $0.04 per share. Investor sentiment going into the company's earnings release has 72% expecting an earnings beat The company's guidance was for a loss of $0.11 to $0.01 per share on revenue of $290.00 million to $310.00 million. Consensus estimates are for year-over-year earnings growth of 103.85% with revenue increasing by 30.66%. Short interest has increased by 6.9% since the company's last earnings release while the stock has drifted higher by 4.8% from its open following the earnings release to be 10.7% above its 200 day moving average of $9.03. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, October 16, 2017 there was some notable buying of 12,499 contracts of the $10.00 put expiring on Friday, November 17, 2017. Option traders are pricing in a 13.7% move on earnings and the stock has averaged a 10.2% move in recent quarters. AK Steel Holding Corp. $6.05 AK Steel Holding Corp. (AKS) is confirmed to report earnings at approximately 8:30 AM ET on Tuesday, October 31, 2017. The consensus earnings estimate is $0.03 per share on revenue of $1.50 billion and the Earnings Whisper ® number is $0.05 per share. Investor sentiment going into the company's earnings release has 76% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 85.71% with revenue increasing by 3.24%. Short interest has increased by 4.0% since the company's last earnings release while the stock has drifted lower by 5.8% from its open following the earnings release to be 9.7% below its 200 day moving average of $6.70. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, October 11, 2017 there was some notable buying of 8,060 contracts of the $3.00 put expiring on Friday, January 18, 2019. Option traders are pricing in a 9.7% move on earnings and the stock has averaged a 8.1% move in recent quarters. Activision Blizzard, Inc. $64.14 Activision Blizzard, Inc. (ATVI) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, November 2, 2017. The consensus earnings estimate is $0.50 per share on revenue of $1.74 billion and the Earnings Whisper ® number is $0.54 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 $0.34 per share on revenue of approximately $1.00 million. Consensus estimates are for year-over-year earnings growth of 8.70% with revenue increasing by 10.97%. Short interest has increased by 28.4% since the company's last earnings release while the stock has drifted higher by 1.8% from its open following the earnings release to be 16.4% above its 200 day moving average of $55.09. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, October 13, 2017 there was some notable buying of 3,787 contracts of the $65.00 call expiring on Friday, November 24, 2017. Option traders are pricing in a 6.0% move on earnings and the stock has averaged a 6.1% move in recent quarters.
so, what's on everyone's radar this weekend as we head into the final 2 trading days of the month? absent any black swans it appears oct. will go out with another nice month of gains for the spx. the month of october is notorious for some wild market swings. but, this 2017 has sure been one for the record books for the lack of said volatility. we now enter what is commonly known as the "best 6 months" of the year for the stock market, which is coming off one of the best "worst 6 months" ever. there still hasn't been even a -3% dip in 2017, and should the next 2 months avoid pulling back -3% from the highs, that would mark the first time ever in history the spx has gone a full year w/o dipping -3% barring anything catastrophic it would seem this is inevitable. we shall see. have a great weekend everyone!
good monday morning! pre-market post is up: https://www.stockaholics.net/threads/10-30-monday-stock-market-movers-news.4974/ hope everyone has a great trading week!
House reportedly considering phasing in corporate tax-rate reduction https://www.cnbc.com/amp/2017/10/30...-phasing-in-corporate-tax-rate-reduction.html Republicans are considering phasing in a corporate tax-rate reduction in the House tax reform plan, according to a Bloomberg News report. "House tax writers are discussing a gradual phase-in for the corporate tax-rate cut that President Donald Trump and Republican leaders want — a schedule that would have the rate reach 20 percent in 2022," the report said. Seems like this news causing the market pulling back a little today
here's a quick look at percentage changes for the major indices for the week, month, quarter, and year as we close out yet another strong month for the markets. barring anything crazy in these final 30min. this will go down as the least volatile october on record- i'll re-post this again in here sometime after the close with the final #'s
FOMC announcement tomorrow. Seems like it will be pretty much a non event though, most people expect nothing happens tomorrow and they will hike in December. Also we should get an appointment of a new FED Chair end of this week
Market pretty flat but we got some big movers like QCOM, UAA, and FSLR, hope some of you made some money
