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It’s now up to corporate America to reveal whether the U.S. economy simply hit a soft patch this winter, as many suspect, or is on the verge of falling into an even deeper rut.
Earnings from a broad swath of industries, like financials, technology, transportation and consumer products roll out in the coming week as the first-quarter earnings season gets underway. According to Refinitiv, earnings are expected to decline 2.3 percent in the first negative quarter in three years, but it is business leaders’ comments on the future outlook that are even more important.
Commentary and guidance is always a big deal, but this quarter it is critical. Analysts do not agree on whether the first quarter earnings season represents the trough, or even whether the second quarter will see a gain or decline in profit growth.
At the same time, economic data, like March’s jobs report, are beginning to turn more positive, and first quarter growth has quickly gone from forecasts of nearly flattish back in January to now around 2%, on the back of better March releases. The economic data has been uneven, in part because of the government shutdown, but it has yet to prove the economy is back on track.
“The market has been very sensitive to data that’s been picking up. The market is reflecting that, even though there’s talk of an earnings recession. What you don’t want is an earnings recession leading to an economic recession. If companies believe there’s a major downturn in revenue growth, they stop spending and ultimately they fire people and that leads to a recession,” said Quincy Krosby, chief market strategist at Prudential Financial.
The stock market is also at an important inflection point, with the major indexes closing in on all-time highs. The S&P 500 pressed through 2,900 Friday, seen as a point of psychological resistance. The S&P ended the week at 2,907, for a weekly gain of 0.5%. The next target traders are watching is the closing high 2,930 on the S&P. The all-time high was an intraday 2,940, reached on Sept. 21.
Earnings season got off to a good start with J.P. Morgan Chase’s quarterly earnings report Friday. CEO Jamie Dimon was very positive, saying the U.S. economy’s expansion “could go on for years.”
“If you look at the American economy, the consumer is in good shape, balance sheets are in good shape, people are going back to the workforce, companies have plenty of capital,” Dimon told analysts during a conference call. J.P. Morgan stock rose sharply, after its record profits beat analysts’ expectations.
“Positive guidance, that’s what the market needs. [The S&P] could cross 2,900, but then again it could pull back,” said Krosby, but she said the momentum has been pointing higher. “The market has basically been endorsing 2,900 and beyond.”
Krosby said important upcoming economic reports include Empire State and Philadelphia Fed surveys Monday and Thursday respectively, for a current look at manufacturing activity in New York and the Mid-Atlantic region. There is also industrial production and retail sales Tuesday.
“Jobs data was strong. Everybody was really negative on the economy, and now we’re getting pleasant surprises,” said Marc Chandler, Bannockburn Global Forex chief market strategist. The economy added 196,000 jobs in March, bringing the monthly average to 180,000 over the past three months, even with February’s shockingly low 33,000 payrolls.
Chandler said industrial production and other data should show an improved trend over last month.
As stocks have shaken off growth fears, bond yields have also moved higher. The 10-year Treasury note was yielding 2.55% Friday, well above the lows of 2.34% reached on March 28.
Over the recent 21 years April is the top-ranked month for DJIA. April ranks #3 S&P 500, #5 for NASDAQ, #2 for Russell 1000 and #4 for Russell 2000. Average gains over the period range from a low of 1.19% by NASDAQ to a respectable 2.29% by DJIA. The first half of April used to outperform the second half, but since 1994 that has no longer been the case. In fact the second half of April is stronger over the recent 21-year period.
Early April trading is usually positive for the first 4 days then flattens off until mid-month. Then the market tends to surge from the tenth to the fifteenth trading days. DJIA tends to close out the month strongest with NASDAQ closing weakest.
Except for DJIA weighed down by Boeing (BA), stocks are having an above average month so far, which is quite typical in Pre-Election years where April has tended to be even stronger.
(CLICK HERE FOR THE CHART!)
Earlier today on our Twitter account, we retweeted a chart from Bloomberg's Joe Weisenthal of inverted Jobless Claims versus the S&P 500. We have used this chart as an argument for the bullish case for the past several years. As we mentioned in a blog post this morning, Initial Jobless Claims came in earlier this week with a sizable drop off, down to 196K versus last week's revised 204K and expectations of 210K. This week's print was not only a new low for the current cycle, it is also the lowest reading since 1969. That sort of new low could be a good sign for equities. As shown in the chart below, claims and the S&P have mirrored each other since bottoming following the financial crisis. (In the chart, we have inverted claims on the right axis.) As the S&P 500 inches its way back towards all time highs, so has claims towards new lows. Additionally, with recent low prints for claims bucking what had previously appeared to be an upside trend reversal, the bullish case for the S&P 500 is growing.
(CLICK HERE FOR THE CHART!)
The American Association of Individual Investors updated their weekly investor sentiment survey this morning and the results are very similar to the final days of February with bullish sentiment around 40%, bearish down near 20%, and neutral once again in the upper 30's. Up from 35.02% last week, bullish sentiment has crossed back over the 40% threshold; the first time it has done so since the previously mentioned week in February. While bullish sentiment is sitting a couple of points above the historical average, this is still several percentage points from reaching any sort of extreme level (more than one standard deviation above the aforementioned average). For that to happen, bullish sentiment would have to come in above 48.36%. If that occurs, then it could be a sign that investors are getting a little too optimistic.
(CLICK HERE FOR THE CHART!)
Bearish sentiment, on the other hand, fell all the way back down to 20.38% this week, the lowest since its 20% reading on February 28th. That is around 10% less than the historical average for bearish sentiment. That is also at the lower end of the range bearish sentiment has stayed within in the past decade.
(CLICK HERE FOR THE CHART!)
Neutral sentiment has still yet to have moved above or below the upper 30's coming in at 39.33% this week after falling from similar levels down to 36.71% last week. That is the third time in the past month that neutral sentiment has come in between 39% and 40%.
(CLICK HERE FOR THE CHART!)
After the best first quarter for the S&P 500 Index since 1998, the big question is: What happens next? We’ve already discussed why a good start to a year could lead to more gains (here and here), but today we will take a look at another potentially positive signal.
The December Low Indicator was created in the 1970s by Lucien Hooper, a former Forbes columnist and Wall Street analyst. Simply put, the indicator says that if the S&P 500 closes beneath the December low during the first quarter, it’s a warning sign for potential weakness over the balance of the year. The flipside is if it doesn’t, good times could be coming. Given the S&P 500 just went all of the first quarter without closing beneath the December 24 low, it’s worth taking a deeper dive.
Sure enough, there appears to be some truth to this concept. “The December low indicator seems quite simple, but it has a tremendous track record,” explained LPL Senior Market Strategist Ryan Detrick. “When the S&P 500 stays above the December lows throughout the first quarter, the full year has been higher an incredible 34 out of the last 34 times, which bodes well for 2019.” In fact, this warning even worked last year, as it triggered in the first quarter of 2018 and eventually played out during the big fourth quarter sell-off.
As our LPL Chart of the Day shows, when the S&P 500 stays above the December lows in the first quarter, the full year does quite well.
(CLICK HERE FOR THE CHART!)
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Monday 4.15.19 Before Market Open:
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Monday 4.15.19 After Market Close:
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Tuesday 4.16.19 Before Market Open:
(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Tuesday 4.16.19 After Market Close:
(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
Wednesday 4.17.19 Before Market Open:
(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Wednesday 4.17.19 After Market Close:
(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
Thursday 4.18.19 Before Market Open:
([CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]())
N/A.
Thursday 4.18.19 After Market Close:
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N/A.
Friday 4.19.19 Before Market Open:
([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]())
NONE. (U.S. MARKETS CLOSED IN OBSERVANCE OF GOOD FRIDAY).
Friday 4.19.19 After Market Close:
([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())
NONE. (U.S. MARKETS CLOSED IN OBSERVANCE OF GOOD FRIDAY).
Netflix, Inc. (NFLX) is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, April 16, 2019. The consensus earnings estimate is $0.57 per share on revenue of $4.49 billion and the Earnings Whisper ® number is $0.60 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat The company's guidance was for earnings of approximately $0.56 per share. Consensus estimates are for earnings to decline year-over-year by 10.94% with revenue increasing by 21.32%. Short interest has increased by 10.5% since the company's last earnings release while the stock has drifted lower by 0.2% from its open following the earnings release to be 4.2% above its 200 day moving average of $336.83. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, April 12, 2019 there was some notable buying of 7,925 contracts of the $400.00 call expiring on Thursday, April 18, 2019. Option traders are pricing in a 4.3% move on earnings and the stock has averaged a 5.9% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Bank of America Corp. (BAC) is confirmed to report earnings at approximately 6:45 AM ET on Tuesday, April 16, 2019. The consensus earnings estimate is $0.65 per share on revenue of $23.29 billion and the Earnings Whisper ® number is $0.67 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 4.84% with revenue decreasing by 14.11%. Short interest has decreased by 25.1% since the company's last earnings release while the stock has drifted higher by 7.3% from its open following the earnings release to be 5.3% above its 200 day moving average of $28.66. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, April 9, 2019 there was some notable buying of 32,141 contracts of the $27.00 put and 32,059 contracts of the $32.00 call expiring on Friday, August 16, 2019. Option traders are pricing in a 2.6% move on earnings and the stock has averaged a 2.6% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Citigroup, Inc. (C) is confirmed to report earnings at approximately 8:00 AM ET on Monday, April 15, 2019. The consensus earnings estimate is $1.78 per share on revenue of $18.71 billion and the Earnings Whisper ® number is $1.84 per share. Investor sentiment going into the company's earnings release has 58% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 5.95% with revenue decreasing by 22.15%. Short interest has decreased by 12.5% since the company's last earnings release while the stock has drifted higher by 20.2% from its open following the earnings release to be 3.2% above its 200 day moving average of $65.31. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, March 29, 2019 there was some notable buying of 17,657 contracts of the $59.00 put expiring on Thursday, April 18, 2019. Option traders are pricing in a 2.3% move on earnings and the stock has averaged a 2.3% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Goldman Sachs Group, Inc. (GS) is confirmed to report earnings at approximately 7:40 AM ET on Monday, April 15, 2019. The consensus earnings estimate is $4.74 per share on revenue of $8.97 billion and the Earnings Whisper ® number is $5.21 per share. Investor sentiment going into the company's earnings release has 60% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 31.80% with revenue decreasing by 10.62%. Short interest has increased by 9.7% since the company's last earnings release while the stock has drifted higher by 11.1% from its open following the earnings release to be 0.1% below its 200 day moving average of $208.02. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, April 12, 2019 there was some notable buying of 6,817 contracts of the $220.00 call and 5,555 contracts of the $195.00 put expiring on Thursday, April 18, 2019. Option traders are pricing in a 2.7% move on earnings and the stock has averaged a 3.1% move in recent quarters.
(CLICK HERE FOR THE CHART!)
UnitedHealth Group, Inc. (UNH) is confirmed to report earnings at approximately 5:55 AM ET on Tuesday, April 16, 2019. The consensus earnings estimate is $3.59 per share on revenue of $59.66 billion and the Earnings Whisper ® number is $3.66 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 18.09% with revenue increasing by 8.10%. Short interest has decreased by 1.1% since the company's last earnings release while the stock has drifted lower by 10.7% from its open following the earnings release to be 13.4% below its 200 day moving average of $257.63. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, April 12, 2019 there was some notable buying of 4,190 contracts of the $227.50 call and 3,732 contracts of the $227.50 put expiring on Thursday, April 18, 2019. Option traders are pricing in a 3.0% move on earnings and the stock has averaged a 3.6% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Johnson & Johnson (JNJ) is confirmed to report earnings at approximately 6:40 AM ET on Tuesday, April 16, 2019. The consensus earnings estimate is $2.03 per share on revenue of $19.63 billion and the Earnings Whisper ® number is $2.06 per share. Investor sentiment going into the company's earnings release has 48% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 1.46% with revenue decreasing by 1.89%. Short interest has decreased by 22.0% 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 1.0% above its 200 day moving average of $134.65. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, April 8, 2019 there was some notable buying of 1,510 contracts of the $170.00 call expiring on Friday, January 17, 2020. Option traders are pricing in a 1.9% move on earnings and the stock has averaged a 2.6% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Aphria Inc. (APHA) is confirmed to report earnings at approximately 7:05 AM ET on Monday, April 15, 2019. The consensus estimate is for a loss of $0.04 per share on revenue of $41.11 million. Investor sentiment going into the company's earnings release has 70% expecting an earnings beat. Short interest has decreased by 26.9% since the company's last earnings release while the stock has drifted higher by 57.1% from its open following the earnings release. On Thursday, April 11, 2019 there was some notable buying of 1,595 contracts of the $9.50 put expiring on Thursday, April 18, 2019. Option traders are pricing in a 6.9% move on earnings and the stock has averaged a 5.2% move in recent quarters.
(CLICK HERE FOR THE CHART!)
ShiftPixy, Inc. (PIXY) is confirmed to report earnings at approximately 8:00 AM ET on Monday, April 15, 2019. The consensus estimate is for a loss of $0.10 per share on revenue of $14.84 million. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 11.11% with revenue increasing by 88.16%. Short interest has decreased by 14.8% since the company's last earnings release while the stock has drifted lower by 34.8% from its open following the earnings release to be 54.0% below its 200 day moving average of $2.61. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 27.8% move on earnings in recent quarters.
(CLICK HERE FOR THE CHART!)
Charles Schwab Corp. (SCHW) is confirmed to report earnings at approximately 8:45 AM ET on Monday, April 15, 2019. The consensus earnings estimate is $0.66 per share on revenue of $2.70 billion and the Earnings Whisper ® number is $0.68 per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 20.00% with revenue increasing by 12.59%. Short interest has decreased by 5.4% since the company's last earnings release while the stock has drifted lower by 0.7% from its open following the earnings release to be 3.8% below its 200 day moving average of $47.14. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, April 10, 2019 there was some notable buying of 3,000 contracts of the $43.50 put expiring on Thursday, April 18, 2019. Option traders are pricing in a 2.6% move on earnings and the stock has averaged a 2.9% move in recent quarters.
(CLICK HERE FOR THE CHART!)
M&T Bank Corp (MTB) is confirmed to report earnings at approximately 6:35 AM ET on Monday, April 15, 2019. The consensus earnings estimate is $3.29 per share on revenue of $1.50 billion and the Earnings Whisper ® number is $3.35 per share. Investor sentiment going into the company's earnings release has 48% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 11.90% with revenue decreasing by 2.65%. Short interest has decreased by 2.4% since the company's last earnings release while the stock has drifted higher by 5.6% from its open following the earnings release to be 1.6% above its 200 day moving average of $165.09. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, April 12, 2019 there was some notable buying of 841 contracts of the $165.00 put expiring on Thursday, April 18, 2019. Option traders are pricing in a 3.3% move on earnings and the stock has averaged a 3.0% move in recent quarters.
(CLICK HERE FOR THE CHART!)
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It’s now up to corporate America to reveal whether the U.S. economy simply hit a soft patch this winter, as many suspect, or is on the verge of falling into an even deeper rut.
Earnings from a broad swath of industries, like financials, technology, transportation and consumer products roll out in the coming week as the first-quarter earnings season gets underway. According to Refinitiv, earnings are expected to decline 2.3 percent in the first negative quarter in three years, but it is business leaders’ comments on the future outlook that are even more important.
Commentary and guidance is always a big deal, but this quarter it is critical. Analysts do not agree on whether the first quarter earnings season represents the trough, or even whether the second quarter will see a gain or decline in profit growth.
At the same time, economic data, like March’s jobs report, are beginning to turn more positive, and first quarter growth has quickly gone from forecasts of nearly flattish back in January to now around 2%, on the back of better March releases. The economic data has been uneven, in part because of the government shutdown, but it has yet to prove the economy is back on track.
“The market has been very sensitive to data that’s been picking up. The market is reflecting that, even though there’s talk of an earnings recession. What you don’t want is an earnings recession leading to an economic recession. If companies believe there’s a major downturn in revenue growth, they stop spending and ultimately they fire people and that leads to a recession,” said Quincy Krosby, chief market strategist at Prudential Financial.
The stock market is also at an important inflection point, with the major indexes closing in on all-time highs. The S&P 500 pressed through 2,900 Friday, seen as a point of psychological resistance. The S&P ended the week at 2,907, for a weekly gain of 0.5%. The next target traders are watching is the closing high 2,930 on the S&P. The all-time high was an intraday 2,940, reached on Sept. 21.
Earnings season got off to a good start with J.P. Morgan Chase’s quarterly earnings report Friday. CEO Jamie Dimon was very positive, saying the U.S. economy’s expansion “could go on for years.”
“If you look at the American economy, the consumer is in good shape, balance sheets are in good shape, people are going back to the workforce, companies have plenty of capital,” Dimon told analysts during a conference call. J.P. Morgan stock rose sharply, after its record profits beat analysts’ expectations.
“Positive guidance, that’s what the market needs. [The S&P] could cross 2,900, but then again it could pull back,” said Krosby, but she said the momentum has been pointing higher. “The market has basically been endorsing 2,900 and beyond.”
Krosby said important upcoming economic reports include Empire State and Philadelphia Fed surveys Monday and Thursday respectively, for a current look at manufacturing activity in New York and the Mid-Atlantic region. There is also industrial production and retail sales Tuesday.
“Jobs data was strong. Everybody was really negative on the economy, and now we’re getting pleasant surprises,” said Marc Chandler, Bannockburn Global Forex chief market strategist. The economy added 196,000 jobs in March, bringing the monthly average to 180,000 over the past three months, even with February’s shockingly low 33,000 payrolls.
Chandler said industrial production and other data should show an improved trend over last month.
As stocks have shaken off growth fears, bond yields have also moved higher. The 10-year Treasury note was yielding 2.55% Friday, well above the lows of 2.34% reached on March 28.
Over the recent 21 years April is the top-ranked month for DJIA. April ranks #3 S&P 500, #5 for NASDAQ, #2 for Russell 1000 and #4 for Russell 2000. Average gains over the period range from a low of 1.19% by NASDAQ to a respectable 2.29% by DJIA. The first half of April used to outperform the second half, but since 1994 that has no longer been the case. In fact the second half of April is stronger over the recent 21-year period.
Early April trading is usually positive for the first 4 days then flattens off until mid-month. Then the market tends to surge from the tenth to the fifteenth trading days. DJIA tends to close out the month strongest with NASDAQ closing weakest.
Except for DJIA weighed down by Boeing (BA), stocks are having an above average month so far, which is quite typical in Pre-Election years where April has tended to be even stronger.
(CLICK HERE FOR THE CHART!)
Earlier today on our Twitter account, we retweeted a chart from Bloomberg's Joe Weisenthal of inverted Jobless Claims versus the S&P 500. We have used this chart as an argument for the bullish case for the past several years. As we mentioned in a blog post this morning, Initial Jobless Claims came in earlier this week with a sizable drop off, down to 196K versus last week's revised 204K and expectations of 210K. This week's print was not only a new low for the current cycle, it is also the lowest reading since 1969. That sort of new low could be a good sign for equities. As shown in the chart below, claims and the S&P have mirrored each other since bottoming following the financial crisis. (In the chart, we have inverted claims on the right axis.) As the S&P 500 inches its way back towards all time highs, so has claims towards new lows. Additionally, with recent low prints for claims bucking what had previously appeared to be an upside trend reversal, the bullish case for the S&P 500 is growing.
(CLICK HERE FOR THE CHART!)
The American Association of Individual Investors updated their weekly investor sentiment survey this morning and the results are very similar to the final days of February with bullish sentiment around 40%, bearish down near 20%, and neutral once again in the upper 30's. Up from 35.02% last week, bullish sentiment has crossed back over the 40% threshold; the first time it has done so since the previously mentioned week in February. While bullish sentiment is sitting a couple of points above the historical average, this is still several percentage points from reaching any sort of extreme level (more than one standard deviation above the aforementioned average). For that to happen, bullish sentiment would have to come in above 48.36%. If that occurs, then it could be a sign that investors are getting a little too optimistic.
(CLICK HERE FOR THE CHART!)
Bearish sentiment, on the other hand, fell all the way back down to 20.38% this week, the lowest since its 20% reading on February 28th. That is around 10% less than the historical average for bearish sentiment. That is also at the lower end of the range bearish sentiment has stayed within in the past decade.
(CLICK HERE FOR THE CHART!)
Neutral sentiment has still yet to have moved above or below the upper 30's coming in at 39.33% this week after falling from similar levels down to 36.71% last week. That is the third time in the past month that neutral sentiment has come in between 39% and 40%.
(CLICK HERE FOR THE CHART!)
After the best first quarter for the S&P 500 Index since 1998, the big question is: What happens next? We’ve already discussed why a good start to a year could lead to more gains (here and here), but today we will take a look at another potentially positive signal.
The December Low Indicator was created in the 1970s by Lucien Hooper, a former Forbes columnist and Wall Street analyst. Simply put, the indicator says that if the S&P 500 closes beneath the December low during the first quarter, it’s a warning sign for potential weakness over the balance of the year. The flipside is if it doesn’t, good times could be coming. Given the S&P 500 just went all of the first quarter without closing beneath the December 24 low, it’s worth taking a deeper dive.
Sure enough, there appears to be some truth to this concept. “The December low indicator seems quite simple, but it has a tremendous track record,” explained LPL Senior Market Strategist Ryan Detrick. “When the S&P 500 stays above the December lows throughout the first quarter, the full year has been higher an incredible 34 out of the last 34 times, which bodes well for 2019.” In fact, this warning even worked last year, as it triggered in the first quarter of 2018 and eventually played out during the big fourth quarter sell-off.
As our LPL Chart of the Day shows, when the S&P 500 stays above the December lows in the first quarter, the full year does quite well.
(CLICK HERE FOR THE CHART!)
- $NFLX
- $BAC
- $C
- $GS
- $UNH
- $JNJ
- $APHA
- $PIXY
- $SCHW
- $MTB
- $PGR
- $IBM
- $ABT
- $MS
- $PEP
- $BLK
- $CMA
- $TEAM
- $CSX
- $KMI
- $AA
- $URI
- $ERIC
- $WIT
- $KSU
- $UAL
- $PLD
- $ASML
- $USB
- $BK
- $TXT
- $FHN
- $JBHT
- $ISRG
- $PNFP
- $PIR
- $LVS
- $MLNX
- $MBWM
- $CCI
- $SKX
- $BMI
Monday 4.15.19 Before Market Open:
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Monday 4.15.19 After Market Close:
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Tuesday 4.16.19 Before Market Open:
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Tuesday 4.16.19 After Market Close:
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Wednesday 4.17.19 Before Market Open:
(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Wednesday 4.17.19 After Market Close:
(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
Thursday 4.18.19 Before Market Open:
([CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]())
N/A.
Thursday 4.18.19 After Market Close:
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N/A.
Friday 4.19.19 Before Market Open:
([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]())
NONE. (U.S. MARKETS CLOSED IN OBSERVANCE OF GOOD FRIDAY).
Friday 4.19.19 After Market Close:
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NONE. (U.S. MARKETS CLOSED IN OBSERVANCE OF GOOD FRIDAY).
Netflix, Inc. (NFLX) is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, April 16, 2019. The consensus earnings estimate is $0.57 per share on revenue of $4.49 billion and the Earnings Whisper ® number is $0.60 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat The company's guidance was for earnings of approximately $0.56 per share. Consensus estimates are for earnings to decline year-over-year by 10.94% with revenue increasing by 21.32%. Short interest has increased by 10.5% since the company's last earnings release while the stock has drifted lower by 0.2% from its open following the earnings release to be 4.2% above its 200 day moving average of $336.83. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, April 12, 2019 there was some notable buying of 7,925 contracts of the $400.00 call expiring on Thursday, April 18, 2019. Option traders are pricing in a 4.3% move on earnings and the stock has averaged a 5.9% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Bank of America Corp. (BAC) is confirmed to report earnings at approximately 6:45 AM ET on Tuesday, April 16, 2019. The consensus earnings estimate is $0.65 per share on revenue of $23.29 billion and the Earnings Whisper ® number is $0.67 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 4.84% with revenue decreasing by 14.11%. Short interest has decreased by 25.1% since the company's last earnings release while the stock has drifted higher by 7.3% from its open following the earnings release to be 5.3% above its 200 day moving average of $28.66. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, April 9, 2019 there was some notable buying of 32,141 contracts of the $27.00 put and 32,059 contracts of the $32.00 call expiring on Friday, August 16, 2019. Option traders are pricing in a 2.6% move on earnings and the stock has averaged a 2.6% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Citigroup, Inc. (C) is confirmed to report earnings at approximately 8:00 AM ET on Monday, April 15, 2019. The consensus earnings estimate is $1.78 per share on revenue of $18.71 billion and the Earnings Whisper ® number is $1.84 per share. Investor sentiment going into the company's earnings release has 58% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 5.95% with revenue decreasing by 22.15%. Short interest has decreased by 12.5% since the company's last earnings release while the stock has drifted higher by 20.2% from its open following the earnings release to be 3.2% above its 200 day moving average of $65.31. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, March 29, 2019 there was some notable buying of 17,657 contracts of the $59.00 put expiring on Thursday, April 18, 2019. Option traders are pricing in a 2.3% move on earnings and the stock has averaged a 2.3% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Goldman Sachs Group, Inc. (GS) is confirmed to report earnings at approximately 7:40 AM ET on Monday, April 15, 2019. The consensus earnings estimate is $4.74 per share on revenue of $8.97 billion and the Earnings Whisper ® number is $5.21 per share. Investor sentiment going into the company's earnings release has 60% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 31.80% with revenue decreasing by 10.62%. Short interest has increased by 9.7% since the company's last earnings release while the stock has drifted higher by 11.1% from its open following the earnings release to be 0.1% below its 200 day moving average of $208.02. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, April 12, 2019 there was some notable buying of 6,817 contracts of the $220.00 call and 5,555 contracts of the $195.00 put expiring on Thursday, April 18, 2019. Option traders are pricing in a 2.7% move on earnings and the stock has averaged a 3.1% move in recent quarters.
(CLICK HERE FOR THE CHART!)
UnitedHealth Group, Inc. (UNH) is confirmed to report earnings at approximately 5:55 AM ET on Tuesday, April 16, 2019. The consensus earnings estimate is $3.59 per share on revenue of $59.66 billion and the Earnings Whisper ® number is $3.66 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 18.09% with revenue increasing by 8.10%. Short interest has decreased by 1.1% since the company's last earnings release while the stock has drifted lower by 10.7% from its open following the earnings release to be 13.4% below its 200 day moving average of $257.63. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, April 12, 2019 there was some notable buying of 4,190 contracts of the $227.50 call and 3,732 contracts of the $227.50 put expiring on Thursday, April 18, 2019. Option traders are pricing in a 3.0% move on earnings and the stock has averaged a 3.6% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Johnson & Johnson (JNJ) is confirmed to report earnings at approximately 6:40 AM ET on Tuesday, April 16, 2019. The consensus earnings estimate is $2.03 per share on revenue of $19.63 billion and the Earnings Whisper ® number is $2.06 per share. Investor sentiment going into the company's earnings release has 48% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 1.46% with revenue decreasing by 1.89%. Short interest has decreased by 22.0% 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 1.0% above its 200 day moving average of $134.65. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, April 8, 2019 there was some notable buying of 1,510 contracts of the $170.00 call expiring on Friday, January 17, 2020. Option traders are pricing in a 1.9% move on earnings and the stock has averaged a 2.6% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Aphria Inc. (APHA) is confirmed to report earnings at approximately 7:05 AM ET on Monday, April 15, 2019. The consensus estimate is for a loss of $0.04 per share on revenue of $41.11 million. Investor sentiment going into the company's earnings release has 70% expecting an earnings beat. Short interest has decreased by 26.9% since the company's last earnings release while the stock has drifted higher by 57.1% from its open following the earnings release. On Thursday, April 11, 2019 there was some notable buying of 1,595 contracts of the $9.50 put expiring on Thursday, April 18, 2019. Option traders are pricing in a 6.9% move on earnings and the stock has averaged a 5.2% move in recent quarters.
(CLICK HERE FOR THE CHART!)
ShiftPixy, Inc. (PIXY) is confirmed to report earnings at approximately 8:00 AM ET on Monday, April 15, 2019. The consensus estimate is for a loss of $0.10 per share on revenue of $14.84 million. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 11.11% with revenue increasing by 88.16%. Short interest has decreased by 14.8% since the company's last earnings release while the stock has drifted lower by 34.8% from its open following the earnings release to be 54.0% below its 200 day moving average of $2.61. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 27.8% move on earnings in recent quarters.
(CLICK HERE FOR THE CHART!)
Charles Schwab Corp. (SCHW) is confirmed to report earnings at approximately 8:45 AM ET on Monday, April 15, 2019. The consensus earnings estimate is $0.66 per share on revenue of $2.70 billion and the Earnings Whisper ® number is $0.68 per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 20.00% with revenue increasing by 12.59%. Short interest has decreased by 5.4% since the company's last earnings release while the stock has drifted lower by 0.7% from its open following the earnings release to be 3.8% below its 200 day moving average of $47.14. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, April 10, 2019 there was some notable buying of 3,000 contracts of the $43.50 put expiring on Thursday, April 18, 2019. Option traders are pricing in a 2.6% move on earnings and the stock has averaged a 2.9% move in recent quarters.
(CLICK HERE FOR THE CHART!)
M&T Bank Corp (MTB) is confirmed to report earnings at approximately 6:35 AM ET on Monday, April 15, 2019. The consensus earnings estimate is $3.29 per share on revenue of $1.50 billion and the Earnings Whisper ® number is $3.35 per share. Investor sentiment going into the company's earnings release has 48% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 11.90% with revenue decreasing by 2.65%. Short interest has decreased by 2.4% since the company's last earnings release while the stock has drifted higher by 5.6% from its open following the earnings release to be 1.6% above its 200 day moving average of $165.09. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, April 12, 2019 there was some notable buying of 841 contracts of the $165.00 put expiring on Thursday, April 18, 2019. Option traders are pricing in a 3.3% move on earnings and the stock has averaged a 3.0% move in recent quarters.
(CLICK HERE FOR THE CHART!)
It’s now up to corporate America to reveal whether the U.S. economy simply hit a soft patch this winter, as many suspect, or is on the verge of falling into an even deeper rut.
Earnings from a broad swath of industries, like financials, technology, transportation and consumer products roll out in the coming week as the first-quarter earnings season gets underway. According to Refinitiv, earnings are expected to decline 2.3 percent in the first negative quarter in three years, but it is business leaders’ comments on the future outlook that are even more important.
Commentary and guidance is always a big deal, but this quarter it is critical. Analysts do not agree on whether the first quarter earnings season represents the trough, or even whether the second quarter will see a gain or decline in profit growth.
At the same time, economic data, like March’s jobs report, are beginning to turn more positive, and first quarter growth has quickly gone from forecasts of nearly flattish back in January to now around 2%, on the back of better March releases. The economic data has been uneven, in part because of the government shutdown, but it has yet to prove the economy is back on track.
“The market has been very sensitive to data that’s been picking up. The market is reflecting that, even though there’s talk of an earnings recession. What you don’t want is an earnings recession leading to an economic recession. If companies believe there’s a major downturn in revenue growth, they stop spending and ultimately they fire people and that leads to a recession,” said Quincy Krosby, chief market strategist at Prudential Financial.
The stock market is also at an important inflection point, with the major indexes closing in on all-time highs. The S&P 500 pressed through 2,900 Friday, seen as a point of psychological resistance. The S&P ended the week at 2,907, for a weekly gain of 0.5%. The next target traders are watching is the closing high 2,930 on the S&P. The all-time high was an intraday 2,940, reached on Sept. 21.
Earnings season got off to a good start with J.P. Morgan Chase’s quarterly earnings report Friday. CEO Jamie Dimon was very positive, saying the U.S. economy’s expansion “could go on for years.”
“If you look at the American economy, the consumer is in good shape, balance sheets are in good shape, people are going back to the workforce, companies have plenty of capital,” Dimon told analysts during a conference call. J.P. Morgan stock rose sharply, after its record profits beat analysts’ expectations.
“Positive guidance, that’s what the market needs. [The S&P] could cross 2,900, but then again it could pull back,” said Krosby, but she said the momentum has been pointing higher. “The market has basically been endorsing 2,900 and beyond.”
Krosby said important upcoming economic reports include Empire State and Philadelphia Fed surveys Monday and Thursday respectively, for a current look at manufacturing activity in New York and the Mid-Atlantic region. There is also industrial production and retail sales Tuesday.
“Jobs data was strong. Everybody was really negative on the economy, and now we’re getting pleasant surprises,” said Marc Chandler, Bannockburn Global Forex chief market strategist. The economy added 196,000 jobs in March, bringing the monthly average to 180,000 over the past three months, even with February’s shockingly low 33,000 payrolls.
Chandler said industrial production and other data should show an improved trend over last month.
As stocks have shaken off growth fears, bond yields have also moved higher. The 10-year Treasury note was yielding 2.55% Friday, well above the lows of 2.34% reached on March 28.
Over the recent 21 years April is the top-ranked month for DJIA. April ranks #3 S&P 500, #5 for NASDAQ, #2 for Russell 1000 and #4 for Russell 2000. Average gains over the period range from a low of 1.19% by NASDAQ to a respectable 2.29% by DJIA. The first half of April used to outperform the second half, but since 1994 that has no longer been the case. In fact the second half of April is stronger over the recent 21-year period.
Early April trading is usually positive for the first 4 days then flattens off until mid-month. Then the market tends to surge from the tenth to the fifteenth trading days. DJIA tends to close out the month strongest with NASDAQ closing weakest.
Except for DJIA weighed down by Boeing (BA), stocks are having an above average month so far, which is quite typical in Pre-Election years where April has tended to be even stronger.
(CLICK HERE FOR THE CHART!)
Earlier today on our Twitter account, we retweeted a chart from Bloomberg's Joe Weisenthal of inverted Jobless Claims versus the S&P 500. We have used this chart as an argument for the bullish case for the past several years. As we mentioned in a blog post this morning, Initial Jobless Claims came in earlier this week with a sizable drop off, down to 196K versus last week's revised 204K and expectations of 210K. This week's print was not only a new low for the current cycle, it is also the lowest reading since 1969. That sort of new low could be a good sign for equities. As shown in the chart below, claims and the S&P have mirrored each other since bottoming following the financial crisis. (In the chart, we have inverted claims on the right axis.) As the S&P 500 inches its way back towards all time highs, so has claims towards new lows. Additionally, with recent low prints for claims bucking what had previously appeared to be an upside trend reversal, the bullish case for the S&P 500 is growing.
(CLICK HERE FOR THE CHART!)
The American Association of Individual Investors updated their weekly investor sentiment survey this morning and the results are very similar to the final days of February with bullish sentiment around 40%, bearish down near 20%, and neutral once again in the upper 30's. Up from 35.02% last week, bullish sentiment has crossed back over the 40% threshold; the first time it has done so since the previously mentioned week in February. While bullish sentiment is sitting a couple of points above the historical average, this is still several percentage points from reaching any sort of extreme level (more than one standard deviation above the aforementioned average). For that to happen, bullish sentiment would have to come in above 48.36%. If that occurs, then it could be a sign that investors are getting a little too optimistic.
(CLICK HERE FOR THE CHART!)
Bearish sentiment, on the other hand, fell all the way back down to 20.38% this week, the lowest since its 20% reading on February 28th. That is around 10% less than the historical average for bearish sentiment. That is also at the lower end of the range bearish sentiment has stayed within in the past decade.
(CLICK HERE FOR THE CHART!)
Neutral sentiment has still yet to have moved above or below the upper 30's coming in at 39.33% this week after falling from similar levels down to 36.71% last week. That is the third time in the past month that neutral sentiment has come in between 39% and 40%.
(CLICK HERE FOR THE CHART!)
After the best first quarter for the S&P 500 Index since 1998, the big question is: What happens next? We’ve already discussed why a good start to a year could lead to more gains (here and here), but today we will take a look at another potentially positive signal.
The December Low Indicator was created in the 1970s by Lucien Hooper, a former Forbes columnist and Wall Street analyst. Simply put, the indicator says that if the S&P 500 closes beneath the December low during the first quarter, it’s a warning sign for potential weakness over the balance of the year. The flipside is if it doesn’t, good times could be coming. Given the S&P 500 just went all of the first quarter without closing beneath the December 24 low, it’s worth taking a deeper dive.
Sure enough, there appears to be some truth to this concept. “The December low indicator seems quite simple, but it has a tremendous track record,” explained LPL Senior Market Strategist Ryan Detrick. “When the S&P 500 stays above the December lows throughout the first quarter, the full year has been higher an incredible 34 out of the last 34 times, which bodes well for 2019.” In fact, this warning even worked last year, as it triggered in the first quarter of 2018 and eventually played out during the big fourth quarter sell-off.
As our LPL Chart of the Day shows, when the S&P 500 stays above the December lows in the first quarter, the full year does quite well.
(CLICK HERE FOR THE CHART!)
- $NFLX
- $BAC
- $C
- $GS
- $UNH
- $JNJ
- $APHA
- $PIXY
- $SCHW
- $MTB
- $PGR
- $IBM
- $ABT
- $MS
- $PEP
- $BLK
- $CMA
- $TEAM
- $CSX
- $KMI
- $AA
- $URI
- $ERIC
- $WIT
- $KSU
- $UAL
- $PLD
- $ASML
- $USB
- $BK
- $TXT
- $FHN
- $JBHT
- $ISRG
- $PNFP
- $PIR
- $LVS
- $MLNX
- $MBWM
- $CCI
- $SKX
- $BMI
Monday 4.15.19 Before Market Open:
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Monday 4.15.19 After Market Close:
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Tuesday 4.16.19 Before Market Open:
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Tuesday 4.16.19 After Market Close:
(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
Wednesday 4.17.19 Before Market Open:
(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Wednesday 4.17.19 After Market Close:
(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
Thursday 4.18.19 Before Market Open:
([CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]())
N/A.
Thursday 4.18.19 After Market Close:
([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())
N/A.
Friday 4.19.19 Before Market Open:
([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]())
NONE. (U.S. MARKETS CLOSED IN OBSERVANCE OF GOOD FRIDAY).
Friday 4.19.19 After Market Close:
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NONE. (U.S. MARKETS CLOSED IN OBSERVANCE OF GOOD FRIDAY).
Netflix, Inc. (NFLX) is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, April 16, 2019. The consensus earnings estimate is $0.57 per share on revenue of $4.49 billion and the Earnings Whisper ® number is $0.60 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat The company's guidance was for earnings of approximately $0.56 per share. Consensus estimates are for earnings to decline year-over-year by 10.94% with revenue increasing by 21.32%. Short interest has increased by 10.5% since the company's last earnings release while the stock has drifted lower by 0.2% from its open following the earnings release to be 4.2% above its 200 day moving average of $336.83. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, April 12, 2019 there was some notable buying of 7,925 contracts of the $400.00 call expiring on Thursday, April 18, 2019. Option traders are pricing in a 4.3% move on earnings and the stock has averaged a 5.9% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Bank of America Corp. (BAC) is confirmed to report earnings at approximately 6:45 AM ET on Tuesday, April 16, 2019. The consensus earnings estimate is $0.65 per share on revenue of $23.29 billion and the Earnings Whisper ® number is $0.67 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 4.84% with revenue decreasing by 14.11%. Short interest has decreased by 25.1% since the company's last earnings release while the stock has drifted higher by 7.3% from its open following the earnings release to be 5.3% above its 200 day moving average of $28.66. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, April 9, 2019 there was some notable buying of 32,141 contracts of the $27.00 put and 32,059 contracts of the $32.00 call expiring on Friday, August 16, 2019. Option traders are pricing in a 2.6% move on earnings and the stock has averaged a 2.6% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Citigroup, Inc. (C) is confirmed to report earnings at approximately 8:00 AM ET on Monday, April 15, 2019. The consensus earnings estimate is $1.78 per share on revenue of $18.71 billion and the Earnings Whisper ® number is $1.84 per share. Investor sentiment going into the company's earnings release has 58% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 5.95% with revenue decreasing by 22.15%. Short interest has decreased by 12.5% since the company's last earnings release while the stock has drifted higher by 20.2% from its open following the earnings release to be 3.2% above its 200 day moving average of $65.31. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, March 29, 2019 there was some notable buying of 17,657 contracts of the $59.00 put expiring on Thursday, April 18, 2019. Option traders are pricing in a 2.3% move on earnings and the stock has averaged a 2.3% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Goldman Sachs Group, Inc. (GS) is confirmed to report earnings at approximately 7:40 AM ET on Monday, April 15, 2019. The consensus earnings estimate is $4.74 per share on revenue of $8.97 billion and the Earnings Whisper ® number is $5.21 per share. Investor sentiment going into the company's earnings release has 60% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 31.80% with revenue decreasing by 10.62%. Short interest has increased by 9.7% since the company's last earnings release while the stock has drifted higher by 11.1% from its open following the earnings release to be 0.1% below its 200 day moving average of $208.02. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, April 12, 2019 there was some notable buying of 6,817 contracts of the $220.00 call and 5,555 contracts of the $195.00 put expiring on Thursday, April 18, 2019. Option traders are pricing in a 2.7% move on earnings and the stock has averaged a 3.1% move in recent quarters.
(CLICK HERE FOR THE CHART!)
UnitedHealth Group, Inc. (UNH) is confirmed to report earnings at approximately 5:55 AM ET on Tuesday, April 16, 2019. The consensus earnings estimate is $3.59 per share on revenue of $59.66 billion and the Earnings Whisper ® number is $3.66 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 18.09% with revenue increasing by 8.10%. Short interest has decreased by 1.1% since the company's last earnings release while the stock has drifted lower by 10.7% from its open following the earnings release to be 13.4% below its 200 day moving average of $257.63. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, April 12, 2019 there was some notable buying of 4,190 contracts of the $227.50 call and 3,732 contracts of the $227.50 put expiring on Thursday, April 18, 2019. Option traders are pricing in a 3.0% move on earnings and the stock has averaged a 3.6% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Johnson & Johnson (JNJ) is confirmed to report earnings at approximately 6:40 AM ET on Tuesday, April 16, 2019. The consensus earnings estimate is $2.03 per share on revenue of $19.63 billion and the Earnings Whisper ® number is $2.06 per share. Investor sentiment going into the company's earnings release has 48% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 1.46% with revenue decreasing by 1.89%. Short interest has decreased by 22.0% 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 1.0% above its 200 day moving average of $134.65. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, April 8, 2019 there was some notable buying of 1,510 contracts of the $170.00 call expiring on Friday, January 17, 2020. Option traders are pricing in a 1.9% move on earnings and the stock has averaged a 2.6% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Aphria Inc. (APHA) is confirmed to report earnings at approximately 7:05 AM ET on Monday, April 15, 2019. The consensus estimate is for a loss of $0.04 per share on revenue of $41.11 million. Investor sentiment going into the company's earnings release has 70% expecting an earnings beat. Short interest has decreased by 26.9% since the company's last earnings release while the stock has drifted higher by 57.1% from its open following the earnings release. On Thursday, April 11, 2019 there was some notable buying of 1,595 contracts of the $9.50 put expiring on Thursday, April 18, 2019. Option traders are pricing in a 6.9% move on earnings and the stock has averaged a 5.2% move in recent quarters.
(CLICK HERE FOR THE CHART!)
ShiftPixy, Inc. (PIXY) is confirmed to report earnings at approximately 8:00 AM ET on Monday, April 15, 2019. The consensus estimate is for a loss of $0.10 per share on revenue of $14.84 million. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 11.11% with revenue increasing by 88.16%. Short interest has decreased by 14.8% since the company's last earnings release while the stock has drifted lower by 34.8% from its open following the earnings release to be 54.0% below its 200 day moving average of $2.61. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 27.8% move on earnings in recent quarters.
(CLICK HERE FOR THE CHART!)
Charles Schwab Corp. (SCHW) is confirmed to report earnings at approximately 8:45 AM ET on Monday, April 15, 2019. The consensus earnings estimate is $0.66 per share on revenue of $2.70 billion and the Earnings Whisper ® number is $0.68 per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 20.00% with revenue increasing by 12.59%. Short interest has decreased by 5.4% since the company's last earnings release while the stock has drifted lower by 0.7% from its open following the earnings release to be 3.8% below its 200 day moving average of $47.14. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, April 10, 2019 there was some notable buying of 3,000 contracts of the $43.50 put expiring on Thursday, April 18, 2019. Option traders are pricing in a 2.6% move on earnings and the stock has averaged a 2.9% move in recent quarters.
(CLICK HERE FOR THE CHART!)
M&T Bank Corp (MTB) is confirmed to report earnings at approximately 6:35 AM ET on Monday, April 15, 2019. The consensus earnings estimate is $3.29 per share on revenue of $1.50 billion and the Earnings Whisper ® number is $3.35 per share. Investor sentiment going into the company's earnings release has 48% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 11.90% with revenue decreasing by 2.65%. Short interest has decreased by 2.4% since the company's last earnings release while the stock has drifted higher by 5.6% from its open following the earnings release to be 1.6% above its 200 day moving average of $165.09. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, April 12, 2019 there was some notable buying of 841 contracts of the $165.00 put expiring on Thursday, April 18, 2019. Option traders are pricing in a 3.3% move on earnings and the stock has averaged a 3.0% move in recent quarters.
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Symbol LTP Chg Chg% Dow 30: 26,815.40 +52.31 +0.2%: S&P 500: 3,246.59 +9.67 +0.3%: Nasdaq 100: 10,896.50 +63.14 +0.58%: FTSE 100: 5,822.78-76.48-1.3%: CAC 40: 4,762 ... FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. At LV Grow Markets you have access to not only 1 or 2, but 6 account types! Decrease your spreads and unlock better and bigger features with every account. Forex Accounts Forex Nevada has been serving our kababayans in the silver state since our inception in March of 1995.. We are conveniently located just a few miles from the world famous Las Vegas strip . Our mission is to provide our clients with a trustworthy company they can rely on for their shipping, money transfer, and travel needs. FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act.
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