Stock Market - Wall Street Week Ahead for the trading week beginning June 3rd, 2019

---

• Wall Street Week Ahead for the trading week beginning June 3rd, 2019
• Congratulations to the r/StockMarket May 2019 Stock Picking Contest WINNER -- skippermoon!
• China Has Decided to Fight Fire with Fire
• What stocks are on your radar this weekend?
• Trump is tariffing Mexico, the country that has picked up the slack for the decline in Chinese exports to America.
• My work-in-progress strategy for trading/investing in the stock market.
• Performance for the last couple of days
• Large diamond manufacturer caught on undervaluing rough diamond prices
• I thought you would all enjoy this..
• Why I'm Not Buying Shopify Stock
• Please Help me

Wall Street Week Ahead for the trading week beginning June 3rd, 2019 Posted: 01 Jun 2019 11:38 AM PDT Hey what's happening r/StockMarket! Good afternoon and happy Saturday to all of you on this subreddit. I hope everyone made out pretty nicely in the market this past week, and are ready for the new trading week and month of June ahead. Here is everything you need to know to get you ready for the trading week beginning June 3rd, 2019. Fed officials and Trump's latest trade threat could decide whether June starts with a market swoon - (Source) Federal Reserve officials speaking at a policy conference may get a lot more attention than usual in the week ahead after President Donald Trump's latest tariff threat against Mexico ramped up expectations for interest rate cuts. Markets will also start the month of June, which is often flat for markets, coming off a painful 6.6% monthly loss in the S&P 500. Stocks lost ground in May on worries that the U.S. trade war with China would hurt the global economy and bite into earnings growth. They will begin trading in June with new worries that tariffs on Mexico could hurt the economy and threaten a new trade deal between the U.S., Mexico and Canada. The coming week has a full calendar of economic data, with the highlight being Friday's May employment report. There are also monthly auto sales and Institute for Supply Management manufacturing data due Monday, and international trade data expected Thursday. But it is the Fed that should get the most attention, with central bank officials gathering at a much-anticipated conference hosted by the Chicago Fed Tuesday and Wednesday. Fed Chair Jerome Powell will make the opening remarks at the conference, which is about monetary policy strategy, tools and communications. For months, strategists have been hoping the conference will provide insight into how the Fed intends to address sluggish inflation. Interest in the event is even higher after the market and Fed watchers are increasingly convinced the central bank will now cut rates this year, and maybe more than once. The futures market priced in increasing expectations for two rate cuts after Trump's threat to put tariffs on all Mexican goods if the Mexican government does not stop immigration into the U.S. After the last Fed meeting, Powell said low inflation appears to be transitory, suggesting the Fed would not have to cut rates, but markets still anticipate a rate cut, and inflation continues to run below the Fed's 2% target. Michael Gapen, Barclays chief U.S. economists, said investors hoping to hear Fed officials discuss their thinking on current policy could be disappointed. Gapen said the Fed is also about nine months away from its decision on how it will frame inflation, and the conference will be more about academic views on it. Gapen was one of several Wall Street economists Friday who changed his view on the Fed's rate policy. He said he now sees the Fed cutting the fed funds target rate by 75 basis points in two cuts this year, with the Fed starting at 50 basis points in September. The Fed has said does not foresee any rate cuts this year, nor hikes, and has stressed it is on hold. Gapen does not expect to hear much from Fed officials at the conference on rates, though investors will be combing through every word looking for policy clues. "I don't think that's the type of setting where anyone would make a monetary policy comment in advance of an FOMC meeting," he said. The Fed next meets on June 18 and 19. Gapen said he went from expecting no Fed move to two rate cuts because the trade war with China has become more extended than expected; manufacturing and business spending are weakening, and because of Trump's threat to put tariffs on Mexico if it doesn't control immigrants heading into the U.S. over the southern border. "It does suggest the administration is willing to pursue multiple fronts. It lowers the bar for tariffs on Europe," he said. Interest rates continued to slide Friday, to multi-year lows. The 2-year yield, which most reflects Fed policy, fell sharply and was at 1.93% in late trading. The 10-year yield, at 2.55% in early May, was at 2.13% Friday afternoon. The S&P 500 was down 2.6% for the week, ending its worst week of the year at 2,752. Sam Stovall, CFRA chief market strategist, said a "May mauling usually leads to a boom in June." Going back to World War II, whenever there was a strong start to the year, the market traditionally fell in May but rose in June. Plus, this year was the third best start through April. John Augustine, chief investment officer at Huntington Private Bank, said beyond the trade headlines, there are quite a few market catalysts in June. "June is going to be very event-driven. It's going to be the Fed on June 19. It's going to be OPEC on June 25; it's going be the G-20 on June 29," he said. He added, "We're going to stay balanced and diversified because we don't know how things are going to come out." This past week saw the following moves in the S&P: (CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!) Major Indices for this past week: (CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!) Major Futures Markets as of Friday's close: (CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!) Economic Calendar for the Week Ahead: (CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!) Sector Performance WTD, MTD, YTD: (CLICK HERE FOR FRIDAY'S PERFORMANCE!) (CLICK HERE FOR THE WEEK-TO-DATE PERFORMANCE!) (CLICK HERE FOR THE MONTH-TO-DATE PERFORMANCE!) (CLICK HERE FOR THE 3-MONTH PERFORMANCE!) (CLICK HERE FOR THE YEAR-TO-DATE PERFORMANCE!) (CLICK HERE FOR THE 52-WEEK PERFORMANCE!) Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close: (CLICK HERE FOR THE CHART!) S&P Sectors for the Past Week: (CLICK HERE FOR THE CHART!) Major Indices Pullback/Correction Levels as of Friday's close: (CLICK HERE FOR THE CHART!) Major Indices Rally Levels as of Friday's close: (CLICK HERE FOR THE CHART!) Most Anticipated Earnings Releases for this week: (CLICK HERE FOR THE CHART!) Here are the upcoming IPO's for this week: (CLICK HERE FOR THE CHART!) Friday's Stock Analyst Upgrades & Downgrades: (CLICK HERE FOR THE CHART LINK #1!) (CLICK HERE FOR THE CHART LINK #2!) Time For A June Swoon? Well, it finally happened. The S&P 500 Index pulled back more than 5% from its all-time high, marking the first 5% pullback of 2019. As we have discussed many times over the past two months, the odds were high that some type of pullback or even correction (10% or more off the highs) was likely after the 25% surge off the December 2018 lows. (CLICK HERE FOR THE CHART!) May likely will be the first negative month of the year (down nearly 6% with two days to go) and likely will be the first time stocks closed in the red in May since 2012. Now, seasonality hints to more volatility ahead, as June doesn't have the best history for stocks. "We finally had a 5% pullback, but the bad news is June can be a tricky month for stocks," explained Senior Market Strategist Ryan Detrick. "Going back the past 20 years, only September has been worse on average, and returns have been quite poor in June after a big drop in May." As our LPL Chart of the day shows, stocks have tended to be weak in June over various periods. (CLICK HERE FOR THE CHART!) Here are six thoughts to chew on as we turn the calendar: When the S&P 500 has lost 5% in May (like it could in 2019), June's performance has been weak. May has lost 5% or more only four other times in the past 50 years, and stocks subsequently fell more than 5% in June twice. However, when the S&P 500 has been up more than 10% year to date heading into June (like it could in 2019), the S&P 500 has gained 9 of the past 12 times (going back 50 years), and has been higher 1.9% on average. Equity markets in Greece, Brazil, India, Argentina, and Australia are all very strong. If we were truly entering a global recession, we would see more broad-based global weakness. The Chicago Board Options Exchange (CBOE) daily put/call ratio surged to its highest level since late December yesterday, suggesting a good deal of fear is coming into the market – a necessary recipe for a bottom to form. Only 31% of the components in the S&P 500 are above their 50-day moving average. This is nearing washout levels, but could need to go down to 20% before the ultimate low can form. Still, we are getting closer. The American Association of Individual Investors (AAII) Investor Sentiment Survey has more than 40% bears, the highest since the start of 2019. That's another sign fear is spiking, and pessimism could be a bullish contrarian signal. DJIA Six Week Losing Streaks Barring a 700+ point rally into the close (hey, anything is possible), the DJIA is on pace for its first six-week losing streak since June 2011 and the 32nd such streak going back to 1900. As of this writing, the DJIA is down 6.46% over the course of this current losing streak, which would go down as the mildest six-week losing streak for the index since June 1976 and the fifth 'mildest' six-week losing streak on record. The chart below highlights each of the DJIA's prior six-week losing streaks since 1900 and shows how much the index declined during each one of them. (CLICK HERE FOR THE CHART!) While there have been quite a few six-week losing streaks for the DJIA in its history, it is not common for them to go on into a seventh week. As shown in the chart below, just seven of the DJIA's 32 prior six-week losing streaks have last seven or more weeks, and a 7-week losing streak stretching to an eighth week is practically unheard of with just one way back in 1923. (CLICK HERE FOR THE CHART!) DJIA and S&P 500 Up Six Straight on June's First Trading Day According to the Stock Trader's Almanac 2019 (page 86), the first trading day of June is the sixth best first trading day of all twelve months with DJIA gaining a cumulative 299.85 points since 1998. Over the past 24 years, DJIA's first trading day of June has produced gains 70.8% of the time with an average gain of 0.04%. Sizable losses in 2002, 2011 and 2012 limit overall performance. S&P 500 has advanced 66.7% of the time. NASDAQ has been slightly weaker at 58.3% as has the Russell 2000 at 62.5%. Following three straight losses from 2010 to 2012, DJIA and S&P 500 have advanced six straight years on the first trading day of June. (CLICK HERE FOR THE CHART!) (CLICK HERE FOR THE CHART!) According to the Stock Trader's Almanac 2019 (page 86), the first trading day of June is the sixth best first trading day of all twelve months with DJIA gaining a cumulative 299.85 points since 1998. Over the past 24 years, DJIA's first trading day of June has produced gains 70.8% of the time with an average gain of 0.04%. Sizable losses in 2002, 2011 and 2012 limit overall performance. S&P 500 has advanced 66.7% of the time. NASDAQ has been slightly weaker at 58.3% as has the Russell 2000 at 62.5%. Following three straight losses from 2010 to 2012, DJIA and S&P 500 have advanced six straight years on the first trading day of June. Typical June Trading: Any Early Gains Tend to Fade Over the last twenty-one years, the month of June has been a rather lackluster month for the market. DJIA, S&P 500 and Russell 1000 have all recorded average losses in the month. NASDAQ and Russell 2000 have faired better with modest average gains. Looking at the chart above, shaded areas highlight areas of strength during the month. Historically the month has opened respectably, advancing on the first and second trading days. From there the market then drifted sideways and lower into negative territory just ahead of mid-month. Here the market rallied to create a nice mid-month bulge that quickly evaporated and turned into losses. The brisk, post, mid-month drop is typically followed by a month end rally lead by technology and small-cap. This June could turn out better than average as a result of a strong start to the year and weakness in May. (CLICK HERE FOR THE CHART!) Strong Starts Weak Mays Boon for June Our previous analysis of big gains the first four months indicated weakness was in store for the merry month of May. Now that the market has indeed suffered this May the outlook for June is a boon at least historically speaking. The table below shows the top 20 first four month gains for the for the S&P 500 with the subsequent changes for May, June, Rest of the Year, "Worst Six Months" May-October, 2nd half July-December and full year performance. While most of the full year gains are clearly logged in these big first-four-month gains, there still upside to be had in the latter part of the year. May is weakest and May 2019 has delivered market declines so far, down -4.9% for the S&P 500 as of today's close. However, after big starts, 7 of the 9 subsequent May declines were followed by big gains in June (highlighted in green). So, while we do not anticipate much upside over the next 5 months or so, June is set up for a boon. (CLICK HERE FOR THE CHART!) Next Week's Economic Indicators - 5/31/19 This week's economic data came in split down the middle with 12 releases coming in worse than the prior period or estimates and another 12 improving. A remaining 3 met expectations or were unchanged from the previous period. We noted this same pattern in our Matrix of Economic Indicators for April. The FHFA's House Price Purchase Index for the first quarter was the first release of a shortened week coming in unchanged from the previous quarter at 1.1%. Monthly FHFA and Case-Shiller prices also came out on Tuesday with both showing slower home price growth. Later that morning the Conference Board's readings on Consumer Confidence came in stronger than both forecasts and the April reading. The final release Tuesday, the Dallas Fed's Manufacturing Activity, disappointed at -5.3 versus expectations of 6.2. On Wednesday, the Richmond Fed's Manufacturing Activity index also came in below expectations but was stronger than the April reading. The second release of Q1 GDP was revised lower but less than expected with growth for Q1 now sitting at 3.1% QoQ SAAR. While consumption growth was stronger, that came thanks in part to inflation measures falling below estimates. Retail and Inventories grew more than expected in April as seen in their Thursday release. Pending home sales were also notably weak. Friday data was better with Personal Income and Spending numbers both beating estimates. Michigan Sentiment was the final release of the week with a reading of 100.0 versus forecasts of 101.5, both below the 102.4 reported in preliminary data. (CLICK HERE FOR THE CHART!) With 34 releases, the data slate picks up next week. Monday we will get some important manufacturing data including the final data for May for the Markit PMI and ISM Manufacturing. Revisions for durable goods and the broader factory orders numbers for April will follow up on Tuesday. As next week is the first week of June, on Wednesday ADP will release their employment data for the month of May. This is expected to show fewer jobs created than April. The service portions of Markit PMIs and ISM will also come out Wednesday morning. In addition to the usual Thursday weekly releases, Nonfarm Productivity and Unit Labor Costs for the first quarter are expected. The Employment Situation Report with its Nonfarm Payrolls number will round out the week in economic data on Friday morning. (CLICK HERE FOR THE CHART!) STOCK MARKET VIDEO: Stock Market Analysis Video for May 31st, 2019 (CLICK HERE FOR THE YOUTUBE VIDEO!) STOCK MARKET VIDEO: ShadowTrader Video Weekly 06.02.19 (CLICK HERE FOR THE YOUTUBE VIDEO!) Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead- $CRM $GES $CLDR $SFIX $BOX $MDB $TIF $CIEN $COUP $FIVE $CBRL $AEO $DOCU $CPB $SMAR $GME $APPS $CTK $ZM $NAV $AMBA $DOMO $DCI *$UNFI * $GWRE $SJM $CAL $SAIC $PVTL $SIG $CSWC $HOME $OESX $GIII $VRA $CMD $ESTC $BYND $KIRK $OLLI $HQY (CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!) (CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!) (CLICK HERE FOR MOST ANTICIPATED EARNINGS RELEASES FOR THE NEXT 5 WEEKS!) Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers: Monday 6.3.19 Before Market Open: (CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!) Monday 6.3.19 After Market Close: (CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!) Tuesday 6.4.19 Before Market Open: (CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!) Tuesday 6.4.19 After Market Close: (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!) Wednesday 6.5.19 Before Market Open: (CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!) Wednesday 6.5.19 After Market Close: (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!) Thursday 6.6.19 Before Market Open: (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!) Thursday 6.6.19 After Market Close: (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!) Friday 6.7.19 Before Market Open: ([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]()) NONE. Friday 6.7.19 After Market Close: ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) NONE. Salesforce $151.41 Salesforce (CRM) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, June 4, 2019. The consensus earnings estimate is $0.61 per share on revenue of $3.68 billion and the Earnings Whisper ® number is $0.64 per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat The company's guidance was for earnings of $0.60 to $0.61 per share. Consensus estimates are for earnings to decline year-over-year by 22.78% with revenue increasing by 22.42%. Short interest has increased by 2.0% since the company's last earnings release while the stock has drifted lower by 5.3% from its open following the earnings release to be 1.5% above its 200 day moving average of $149.11. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, May 28, 2019 there was some notable buying of 5,751 contracts of the $157.50 call expiring on Friday, June 14, 2019. Option traders are pricing in a 6.8% move on earnings and the stock has averaged a 3.2% move in recent quarters. (CLICK HERE FOR THE CHART!) Guess?, Inc. $16.17 Guess?, Inc. (GES) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, June 6, 2019. The consensus estimate is for a loss of $0.26 per share on revenue of $539.45 million and the Earnings Whisper ® number is ($0.23) per share. Investor sentiment going into the company's earnings release has 41% expecting an earnings beat The company's guidance was for a loss of $0.29 to $0.25 per share on revenue of $534.00 million to $540.00 million. Consensus estimates are for earnings to decline year-over-year by 13.04% with revenue increasing by 3.48%. Short interest has increased by 264.2% since the company's last earnings release while the stock has drifted lower by 14.1% from its open following the earnings release to be 22.2% below its 200 day moving average of $20.78. Overall earnings estimates have been unchanged since the company's last earnings release. On Wednesday, May 15, 2019 there was some notable buying of 2,332 contracts of the $18.00 put expiring on Friday, June 21, 2019. Option traders are pricing in a 9.4% move on earnings and the stock has averaged a 13.6% move in recent quarters. (CLICK HERE FOR THE CHART!) Cloudera, Inc. $9.17 Cloudera, Inc. (CLDR) is confirmed to report earnings at approximately 4:10 PM ET on Wednesday, June 5, 2019. The consensus estimate is for a loss of $0.23 per share on revenue of $188.29 million and the Earnings Whisper ® number is ($0.19) per share. Investor sentiment going into the company's earnings release has 67% expecting an earnings beat The company's guidance was for a loss of $0.25 to $0.22 per share on revenue of $187.00 million to $190.00 million. Consensus estimates are for earnings to decline year-over-year by 64.29% with revenue increasing by 83.33%. Short interest has increased by 47.0% since the company's last earnings release while the stock has drifted lower by 29.4% from its open following the earnings release to be 29.5% below its 200 day moving average of $13.01. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, May 23, 2019 there was some notable buying of 1,873 contracts of the $10.00 call expiring on Friday, June 21, 2019. Option traders are pricing in a 15.0% move on earnings and the stock has averaged a 18.1% move in recent quarters. (CLICK HERE FOR THE CHART!) Stitch Fix, Inc. $23.16 Stitch Fix, Inc. (SFIX) is confirmed to report earnings after the market closes on Wednesday, June 5, 2019. The consensus estimate is for a loss of $0.03 per share on revenue of $394.58 million and the Earnings Whisper ® number is ($0.01) per share. Investor sentiment going into the company's earnings release has 67% expecting an earnings beat The company's guidance was for revenue of $388.00 million to $398.00 million. Consensus estimates are for earnings to decline year-over-year by 133.33% with revenue increasing by 24.57%. Short interest has decreased by 22.1% since the company's last earnings release while the stock has drifted lower by 10.5% from its open following the earnings release to be 16.7% below its 200 day moving average of $27.82. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, May 17, 2019 there was some notable buying of 3,135 contracts of the $25.00 call expiring on Friday, June 21, 2019. Option traders are pricing in a 17.3% move on earnings and the stock has averaged a 18.2% move in recent quarters. (CLICK HERE FOR THE CHART!) Box, Inc. $18.49 Box, Inc. (BOX) is confirmed to report earnings at approximately 4:05 PM ET on Monday, June 3, 2019. The consensus estimate is for a loss of $0.05 per share on revenue of $161.53 million and the Earnings Whisper ® number is ($0.07) per share. Investor sentiment going into the company's earnings release has 43% expecting an earnings beat The company's guidance was for a loss of $0.06 to $0.05 per share on revenue of $161.00 million to $162.00 million. Consensus estimates are for year-over-year earnings growth of 28.57% with revenue increasing by 14.96%. Short interest has decreased by 26.7% since the company's last earnings release while the stock has drifted lower by 3.8% from its open following the earnings release to be 9.5% below its 200 day moving average of $20.43. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, May 10, 2019 there was some notable buying of 7,385 contracts of the $16.00 put expiring on Friday, June 21, 2019. Option traders are pricing in a 8.4% move on earnings and the stock has averaged a 10.8% move in recent quarters. (CLICK HERE FOR THE CHART!) MongoDB, Inc. $140.34 MongoDB, Inc. (MDB) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, June 5, 2019. The consensus estimate is for a loss of $0.24 per share on revenue of $83.17 million and the Earnings Whisper ® number is ($0.21) per share. Investor sentiment going into the company's earnings release has 74% expecting an earnings beat The company's guidance was for a loss of $0.25 to $0.23 per share on revenue of $82.00 million to $84.00 million. Consensus estimates are for year-over-year earnings growth of 45.45% with revenue increasing by 72.47%. Short interest has increased by 9.4% since the company's last earnings release while the stock has drifted higher by 10.6% from its open following the earnings release to be 44.1% above its 200 day moving average of $97.41. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, May 21, 2019 there was some notable buying of 621 contracts of the $130.00 put expiring on Friday, June 21, 2019. Option traders are pricing in a 14.0% move on earnings and the stock has averaged a 9.9% move in recent quarters. (CLICK HERE FOR THE CHART!) Tiffany & Co. $89.11 Tiffany & Co. (TIF) is confirmed to report earnings at approximately 6:40 AM ET on Tuesday, June 4, 2019. The consensus earnings estimate is $1.01 per share on revenue of $1.02 billion and the Earnings Whisper ® number is $1.03 per share. Investor sentiment going into the company's earnings release has 50% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 11.40% with revenue decreasing by 1.28%. Short interest has increased by 16.7% since the company's last earnings release while the stock has drifted lower by 8.9% from its open following the earnings release to be 13.3% below its 200 day moving average of $102.73. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, May 20, 2019 there was some notable buying of 11,861 contracts of the $70.00 put expiring on Friday, November 15, 2019. Option traders are pricing in a 7.3% move on earnings and the stock has averaged a 7.7% move in recent quarters. (CLICK HERE FOR THE CHART!) Ciena Corporation $34.94 Ciena Corporation (CIEN) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, June 6, 2019. The consensus earnings estimate is $0.41 per share on revenue of $816.40 million and the Earnings Whisper ® number is $0.39 per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat The company's guidance was for revenue of $800.00 million to $830.00 million. Consensus estimates are for year-over-year earnings growth of 78.26% with revenue increasing by 11.84%. Short interest has increased by 30.0% since the company's last earnings release while the stock has drifted lower by 23.4% from its open following the earnings release to be 1.2% below its 200 day moving average of $35.37. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, May 31, 2019 there was some notable buying of 1,598 contracts of the $35.00 put expiring on Friday, January 15, 2021. Option traders are pricing in a 9.0% move on earnings and the stock has averaged a 7.0% move in recent quarters. (CLICK HERE FOR THE CHART!) Coupa Software $109.21 Coupa Software (COUP) is confirmed to report earnings at approximately 4:05 PM ET on Monday, June 3, 2019. The consensus estimate is for a loss of $0.04 per share on revenue of $73.79 million and the Earnings Whisper ® number is $0.01 per share. Investor sentiment going into the company's earnings release has 57% expecting an earnings beat The company's guidance was for a loss of $0.06 to $0.03 per share on revenue of $74.00 million to $74.00 million. Consensus estiamtes are for year-over-year revenue growth of 30.94%. Short interest has increased by 30.0% since the company's last earnings release while the stock has drifted higher by 14.2% from its open following the earnings release to be 37.1% above its 200 day moving average of $79.64. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, May 17, 2019 there was some notable buying of 2,090 contracts of the $115.00 call expiring on Friday, June 21, 2019. Option traders are pricing in a 9.0% move on earnings and the stock has averaged a 6.1% move in recent quarters. (CLICK HERE FOR THE CHART!) Five Below, Inc. $128.73 Five Below, Inc. (FIVE) is confirmed to report earnings at approximately 4:00 PM ET on Wednesday, June 5, 2019. The consensus earnings estimate is $0.35 per share on revenue of $365.70 million and the Earnings Whisper ® number is $0.36 per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat The company's guidance was for earnings of $0.32 to $0.35 per share on revenue of $361.00 million to $366.00 million. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue increasing by 23.41%. Short interest has increased by 8.3% since the company's last earnings release while the stock has drifted higher by 0.3% from its open following the earnings release to be 7.3% above its 200 day moving average of $119.99. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 8.9% move on earnings and the stock has averaged a 8.5% move in recent quarters. (CLICK HERE FOR THE CHART!) DISCUSS! What are you all watching for in this upcoming trading week ahead? I hope you all have a fantastic weekend and a great trading week ahead r/StockMarket! :) submitted by /u/bigbear0083 [link] [comments]

Congratulations to the r/StockMarket May 2019 Stock Picking Contest WINNER -- skippermoon! Posted: 01 Jun 2019 07:15 AM PDT submitted by /u/bigbear0083 [link] [comments]

China Has Decided to Fight Fire with Fire Posted: 01 Jun 2019 02:23 PM PDT China is now charging Fed Ex as being a threat to China's delivery services. They are responding, in kind, they believe, to our allegations against Huawei. It appears that Fed Ex misdirected some important papers that were to go to Huawei back to the US. China will be making a list of US companies they believe will be threats to China. This list will reportedly be made public to the Chinese this Sunday. I got my info from Bloomberg.com but knowing how to link on Reddit evades me ( yet, I'll keep trying to figure it out) I wonder if Apple will be on that list? submitted by /u/906plong [link] [comments]

What stocks are on your radar this weekend? Posted: 01 Jun 2019 07:23 AM PDT submitted by /u/bigbear0083 [link] [comments]

Trump is tariffing Mexico, the country that has picked up the slack for the decline in Chinese exports to America. Posted: 01 Jun 2019 10:12 AM PDT Just when investors were breathing a sigh of relief that the trade war with Canada and Mexico was over because the metals tariffs were eliminated, President Trump tweeted that America will put a 5% tariff on all Mexican imports starting on June 10th. That rate will rise 5% per month until October 1st when it reaches 25%. Trump is using this threat to get his way on immigration as he wants Mexico to stop illegal migrants from passing through Mexico and into America. It's debatable if this new tariff is legal because tariffs are supposed to be done for economic reasons. The NY Times stated this will face "serious legal challenges." However, the damage has already been done because uncertainty has increased which will hurt businesses' ability to plan for the future. They are like a deer in headlights. There appeared to be an opening for Trump to give in to China because he is facing an election in 17 months, the stock market is falling, and the economy is weakening. However, with this latest action, it doesn't look like he's ready to give an inch. As you can see from the chart below, in Q1 America's imports from China fell $17.14 billion which was a 14% year over year decline. Trade Shift That decline in imports was made up for by other emerging markets. Imports from Vietnam, South Korea, and India were up 40%, 18% and 15%. As you can see, in nominal dollars, Mexico was the biggest beneficiary of this shift. It will be interesting to see how trade shifts if the trade war with Mexico ratchets up in the coming months. Best Leading Indicator For GDP Growth? submitted by /u/AlexPitti [link] [comments]

My work-in-progress strategy for trading/investing in the stock market. Posted: 01 Jun 2019 08:47 AM PDT Hello, I thought I would post a strategy I'm working on here and see what you think of it. I'm still fleshing out the minor details. My overall plan is to work 'outside in', starting with the big picture and working my way down to smaller details. I'm not focused on one specific method, like technical analysis vs fundamental analysis. Rather, I am combining ideas from different disciplines, drawing from TA, fundamentals, trend following, and so forth. What is the big picture view of the stock market? I'm focused on the United States where I live. The United States is in a trade war with multiple countries (Mexico, China). Investors are moving money into 'save haven' assets like bonds. There are many more big picture variables that one may take into account, I'm just listing a couple examples here for the sake of illustration. What is the recent trend of major U.S. indices? The S&P 500 made its last major high May 1st, Nasdaq April 29, Dow Jones Industrial Average April 23rd. As of June 1 (date of this post), the weekly and daily trend is bearish. The monthly chart switched from bullish in April to bearish in May. We will watch June to see if the monthly indicator trends bearish or bullish. What percentage of stocks were down in the overall market last week? The daily and weekly trend of the stock market has been bearish recently. What I want to know is, if I chose a stock at random, what is the probability that it would follow the overall trend? In this case the overall trend is bearish so I would consider shorting a stock. The following table shows what percentage of stocks trading in the NYSE/Nasdaq exchanges were bearish each day. Date Stocks Down Percentage (NYSE+Nasdaq) NYSE Closed Nasdaq Closed 5/31/19 70% Down Down 5/30/19 50% Down Up 5/29/19 66% Down Down 5/28/19 63% Down Down ​ As you can see in the table above, if a stock was chosen at random to short sell it would have a high probability of matching the overall market. On the flip side, if I were trying to short a stock and only 20-30% of the market was down each day last week, probability would not be in my favor. Don't fight the trend. Screening for stocks Here is where I start narrowing down a list of equities to choose from. Since my view is that the stock market is bearish in the daily and weekly time frame, my position would be to short a stock I choose. Therefore I'm looking for weakness instead of strength. Screen indicators: Past day, week, and month performance < 0% (stock trending down consistently) Price below Daily 200 SMA Volume for 50 SMA > 1 million (I want decent liquidity) Just on these settings alone, running a screen on 5/31 would have returned a list of 185 stocks on the Nasdaq and 373 stocks on the NYSE. Risk Management Risk management is a large part of my strategy. A major point includes limiting any loss to 1% of overall capital. So using $10,000 as an example, I would only allow myself to lose $100 before being stopped out. Position size would depend on variables like where I could place a stop, and potential reward vs risk. The basic idea is that if I set a stop loss let's say of 5%, that means my position would not be over $2,000 to limit my capital loss to 1%. Further thoughts As I mentioned above, for a bearish search I would be screening for weakness, and for a bullish search I would be screening for strength. In this example I am mainly taking a bearish outlook, so my post reflects that in each section. I am still working on further screen settings and other metrics I can use to further narrow down results. As the screen stands now, additional things I would look at would be trend vs the overall market, what the RSI looks like, and even look for weakness/strength in the fundamentals. Basically evaluate each individual stock and determine if I like what I see. I would not plan on shorting a weak stock for the long-term. For a possible buy I would be looking at holding intermediate-to-long-term and therefore pay more attention to additional factors like if I understand the business, do I believe the company has staying power, that sort of thing. ​ Thanks for reading! ​ EDIT: Added risk management plan, it's a huge part of my strategy that I forgot to include. submitted by /u/logicson [link] [comments]

Performance for the last couple of days Posted: 01 Jun 2019 08:17 PM PDT Stock market is on a wild swing for the last couple of weeks... mainly lower but some stocks are doing particularly well such as CTSH, SNAP, SLNO, etc. While looking at stock picking comeback per Wall St Journal article, I came across a site that is displaying an average 8-10% return over 8-10 days. https://www.estockpicks.com/portfolio-performance/ What are you thoughts? I'm not a fan of such services but this one seems to be at least honest about their losses. submitted by /u/re-emerald [link] [comments]

Large diamond manufacturer caught on undervaluing rough diamond prices Posted: 01 Jun 2019 06:51 AM PDT On May 25th Indian newspapers reported that the Mumbai Cargo Customs authorities had stopped a shipment of rough diamonds of one India's leading diamond manufacturer that was suspected to be undervalued. The shipment consisted of 23 parcels, valued at $429 million. All of them were held for further investigation. The manufacturing company, which name is currently undisclosed, reportedly operates 6 offices worldwide. To continue their operation activity they now have to clarify some questions of the Customs service. Due to large amount of undervalued shipments, the Gem and Jewellery Export Promotion Council, organization behind India's gem and jewelry industry and trade, had been notified about new regulations, which require to declare in advance all the details of origin of the diamonds, as well as their exact weight, color, and price. This resulted in 700 indian diamond companies lodging a complaint over these measures. This story is a brilliant example, illustrating the inability of the inclosed diamond business to operate transparently and fairly. The manufacturers undervalue prices to pay lower taxes, while the markups for the end user continue to be very high. This together brings huge profits for the producers, but makes the diamond market a bubble, which implicably is going to collapse. The world needs a new diamond market with fair and transparent pricing and this market is already here. submitted by /u/JoeReviewer [link] [comments]

I thought you would all enjoy this.. Posted: 01 Jun 2019 09:27 AM PDT It's a sculpture that moves with stock indexes and I thought some of you might really like it =). https://youtu.be/5iTDBrKPEQs submitted by /u/RandomBoxUnbox [link] [comments]

Why I'm Not Buying Shopify Stock Posted: 01 Jun 2019 04:56 PM PDT Shopify is a company with insane revenue growth but is still a stock I am not buying. Shopify stock is starting to get into overvalued territories and the risk versus reward is not appealing. Proof of this is seen in its 670 Non-GAAP PE Ratio and a forward Non-GAAP PE Ratio of 480. Plenty of analysts have been downgrading the stock on valuation and its price is getting way past its price target. There was this one guy that explained it very well here: explanation, and you guys should check it out because it goes into far better detail that I am right now. submitted by /u/TheUncannyUser [link] [comments]

Please Help me Posted: 01 Jun 2019 12:54 PM PDT I'm a newbie and I'm interested doing some stock market stuff. I just wanted to know what is that you guys do and where you learned it from. I would like a book recommendation for a total rookie like me. Thank you guys. submitted by /u/Vishaalkm [link] [comments]

You are subscribed to email updates from r/StockMarket - Reddit's front page of the stock market, financial news. To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States