Stock Market Today: October 31st - November 4th

Earnings after the close today:
($OHI $APC $AMKR $THC $TSO $IDTI $CPS $AEGN $CGNX $AWH $OLN $NLS $ORC $AEIS $KBR $APAM $HCLP $GPP $STRL)


Earnings before the open tomorrow morning:
($PFE $BP $COH $SHPG $ADPT $INCY $CMI $K $ARRY $SNE $ANGI $TAP $OXY $EMR $MOS $ETN $WCG $FIS $ADM $LXRX)

 

Man, this election cannot come soon enough...

We're about to close out what is historically the worst and most volatile month of the entire year for the major indices on a pretty *cough* flat *cough* note.

The SPX has only closed up or down 1% once for all of October. The last time we saw that happen was 20 years ago.

Also the worst 6 months of the year (aka, Sell in May) which is from May to Oct. is going out up +3%

And now we're entering what is typically the most bullish 6 months for markets (Nov. thru April)

And BTW, I think I need to give a big shout out & kudos where kudos is certainly due here ... but I recall @Baggi was calling for "flat" up to election day a few weeks back... That has certainly played out thus far. Good call there.

 

Have a nice evening everyone! It's trick or treat time!

 

Just heard that this was the smallest % range for a 3-month losing streak on the SPX on record...

 

Anyone know the reason for the spike on front month /RB (rbob gasoline futures) tonight?

That's the largest one-day rip since the 2011 Arab Spring apparently...

 

Good Tuesday morning Stockaholics! Happy first day of the new trading month! Hope you all have a great November!

 

Here are your Tuesday market news & movers-

Spoiler: 11/1 Tuesday's Stock News Movers: PFE, COH, ADM, OXY, AAPL, WFC, VIAB, LB, VRX, THC, SNE, BRRY, TSLA

11/1 Tuesday's Stock News Movers: PFE, COH, ADM, OXY, AAPL, WFC, VIAB, LB, VRX, THC, SNE, BRRY, TSLA​

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Good day Stockaholics! Happy Tuesday! ​

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Frontrunning: November 1

• There is a bubble in articles about China's bubbles: Asset Bubbles Threaten China’s Economy (WSJ)
• Hillary Clinton’s Wall Street Fundraising Benefited From Loophole In Federal Anti-Corruption Rule (IBT)
• Clinton and Trump Prepare for Possibility of Election Overtime (BBG)
• Trump Leads Clinton by 1 Point in New Poll as Enthusiasm Declines (ABC)
• Investigating Donald Trump, F.B.I. Sees No Clear Link to Russia (NYT)
• Democrats Say Pledge of Speedy Email Review Falls Short (WSJ)
• In Ohio, a spelling error could cost you your vote (Reuters)
• Donald Trump Used Legally Dubious Method to Avoid Paying Taxes (NYT)
• Trump Amps Up Criticism of Clinton Amid Probe (WSJ)
• Why Bank Stocks Have The Most to Lose in the U.S. Election (BBG)
• Election Offers Stark Choices on Supreme Court’s Future (WSJ)
• Oil prices rise from one-month lows after OPEC approves strategy (Reuters)
• Three of Fed’s Own Primary Dealers Warn Hikes on Hold Until 2017 (BBG)
• Standard Chartered Shares Fall After Profit Misses Estimates (BBG)
• Bank of Japan Trims Inflation Forecasts (WSJ)
• Russia says resumption of Syria peace talks delayed indefinitely (Reuters)
• Turkish military chief heads to Russia for talks (Anadaolu)
• Turkey pushed into coup process in planned way: opposition leader (Reuters)
• Germany Cools to Chinese Investors After Record Year for Takeovers (WSJ)
• Investors Set to Parse Fed Statement for Clues on Possible Rate Rise (WSJ)
• Netflix, Amazon Take Divergent Paths to Reach Indian Audience (WSJ)
• In rare move, China criticizes Trump plan to exit climate change pact (Reuters)
• Goldman Sachs Said Outsourcing Dark Pool Operation to Nasdaq (BBG)
• Turkey could draft 'limited measure' on death penalty, PM says (Reuters)
• Ford Reaches Tentative Deal With Canadian Auto Workers’ Union (WSJ)

STOCK FUTURES NOW:



YESTERDAY'S MARKET HEAT MAP:



YESTERDAY'S S&P SECTORS:



TODAY'S ECONOMIC CALENDAR:



MOST ACTIVE TRENDING PRE-MARKET DISCUSSIONS (TICKER SYMBOLS ARE CLICKABLE!):

• VRX
• BABA
• PFE
• NUGT
• COH
• ANGI
• JNUG
• ARRY
• X
• OXY
• CWH
• AEP
• CMI
• USLV
• FEYE
• CNX
• INCY
• IVV
• LABU
• IWD
• TBRA
• RDC
• VOO
• FIS
• LB

TODAY'S PRE-MARKET EARNINGS CALENDAR:



THIS MORNING'S PRE-MARKET NEWS MOVERS:

source: cnbc.com

• Pfizer — The drugmaker missed estimates by a penny a share, with adjusted profit of 61 cents per share. Revenue was in line with estimates. Pfizer also lowered its full-year forecast, due to the discontinuation of a lipid-lowering drug that will shave an estimated four cents per share off current-quarter earnings.

• Yum China Holdings — The former China unit of Yum Brands will begin trading today on the New York Stock Exchange under the ticker "YUMC" following its separation from Yum.

• Coach — The handbag maker matched estimates with adjusted quarterly profit of 45 cents per share. Revenue came in below forecasts. Coach did maintain its prior full-year forecast.

• Archer Daniels Midland — The grain processor beat estimates by 13 cents a share, with adjusted quarterly profit of 59 cents per share. Revenue fell short of Street forecasts. The company said it has worked through a challenging environment during the first half of the year and that its markets are now showing improvement.

• Occidental Petroleum — The energy producer lost 15 cents per share for its latest quarter, but revenue came in above estimates.

• Apple — A UBS survey is finding strong interest for the iPhone 7 in the United States, but not as much in China compared to the iPhone 6 or 6s models.

• Wells Fargo — The bank agreed to pay $50 million to settle a case involving home appraisal feels for homeowners who had defaulted on their mortgages. A court must still approve the settlement.

• Anadarko Petroleum — Anadarko lost 89 cents per share for its latest quarter, wider than the 57 cent loss forecast by analysts. Revenue was also below estimates, on the continuing weakness in energy prices.

• Viacom — Viacom named Bob Bakish as its new acting chief executive officer, replacing the current acting CEO Tom Dooley. Bakish has been the CEO of Viacom's International Media Networks unit.

• L Brands — L Brands said its October comparable-store sales are expected to be up one percent, with the Bath & Body Works division posting a six percent increase and Victoria's Secret reporting a two percent drop. The apparel maker also said third-quarter earnings would come in at about 40 cents per share, compared to previous guidance of 40 cents to 45 cents a share.

• Valeant Pharmaceuticals — Former Valeant CEO Michael Pearson and ex-CFO Howard Schiller are the subjects of a U.S. criminal probe, according to a Bloomberg report. The drugmaker issued a comment that did not specifically address the specifics in that story, but did say it had previously disclosed that it was the subject of a probe by U.S. attorneys and that it was fully cooperating.

• Tenet Healthcare — Tenet reported quarterly profit of 16 cents per share, missing estimates by three cents a share. The hospital operator's revenue did exceed forecasts. The company also lowered its full-year revenue and profit forecasts.

• Sony — Sony reporting a nearly 86 percent drop in profit for its fiscal second quarter compared to a year earlier as its bottom line was impacted by a stronger yen.

• BlackBerry — BlackBerry became a "Tier One" supplier for automaker Ford Motor, meaning that it supplies products directly to Ford without the use of a middleman. BlackBerry — once known as a smartphone maker — is now remaking itself as a software provider.

• Tesla — The automaker will hold a webcast today regarding its planned acquisition of SolarCity. The call will take place at 5:00 p.m. ET.

• Johnson Controls — The stock was added to the "Conviction Buy" list at Goldman Sachs, following the completion of its spin-off of its Adient unit. Adient is a maker of automobile seating components.

• Royal Dutch Shell — Shell's profit rose 18 percent compared to a year earlier, beating analysts' estimates, but the oil producer also lowered 2017 capital spending plans.

• BP — BP profits fell by nearly half from a year ago during its third quarter, and the company also cut its 2016 capital spending plans by another $1 billion in the wake of weak oil prices. The latest results did, however, beat analysts' forecasts.

Have a good trading day to everyone in here on this Tuesday!

 

Whoo! one more stinkin' week to go until election day ... thank gawd. hopefully we'll see a nice move in either direction once that is officially behind us finally....

 

ISM due out in 10min

 

Earnings after the close today:
($GILD $X $EA $SQ $ILMN $OCLR $FTR $MTCH $RGR $ETSY $PAYC $DATA $HLF $MTW $IPHI $DVN $DHT $Z $TXRH $PXD)

 

VIX up 6 days in a row ... I know @T0rm3nted mentioned this in here last night ... albeit it is so much easier saying this in hindsight now, but man that seem like one of the most obvious plays heading into the election ... that said i'm thinking this can still keep heading higher as we inch ever so closer to nov. 8th

 

Market map as we head into the European close-