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    Home Unlabelled Stock Market - Wall Street Week Ahead for the trading week beginning March 30th, 2020

    Stock Market - Wall Street Week Ahead for the trading week beginning March 30th, 2020

    March 28, 2020

    Stock Market - Wall Street Week Ahead for the trading week beginning March 30th, 2020

    Wall Street Week Ahead for the trading week beginning March 30th, 2020

    Posted: 28 Mar 2020 07:36 AM PDT

    Good Saturday morning to all of you here on r/StockMarket. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead.

    Here is everything you need to know to get you ready for the trading week beginning March 30th, 2020.

    What could be 'shocker' economic reports may test stocks in week ahead - (Source)

    Everything from auto sales to manufacturing surveys and employment data in the coming week will likely paint a bleak picture of how much the first weeks of the coronavirus shutdown have already hit the economy.

    Market turbulence is expected to remain high, though volatile moves in the past week were largely to the upside. The S&P 500, by Thursday, had soared 20% intraday off its Monday low, before giving up some gains Friday. For the week, the S&P 500 was up 10.3% at 2,541.

    The market's rip higher ignited a debate about whether stocks have now bottomed, and that discussion will carry on into the week ahead. Some major investors like billionaire investor Leon Cooperman and BlackRock's Rick Rieder believe stocks may have hit their lows. Other strategists say the market needs to see a retest before a bottom can be called.

    "It's amazing to me that people are so bullish when virus cases are accelerating and economic growth is deteriorating," said Richard Bernstein, CEO Richard Bernstein Advisors. "I could see it if cases peaked out, and the economy is troughing."

    It's the economy

    In the coming week, the big number to watch could again be Thursday's weekly jobless claims, up a record 3.2 million for the week ended March 21, as the shutdown of stores, restaurants, and other businesses across the country resulted in immediate layoffs.

    Economists expect several million more claims to be filed for the past week, and they are looking at that new claims report as potentially more important than Friday's March employment report. The survey week for the March jobs report was ahead of some of the major shutdowns by the states most impacted by the virus. Economists expect nonfarm payrolls to drop by 56,000 in March, according to Dow Jones.

    Other data could show some of the early signs of an economy brought to a standstill. There are auto sales and ISM manufacturing releases on Wednesday, both March reports. Service sector data will be released Friday.

    Market focus will be more intensely focused on the economic data, shifting from the $2 trillion aid bill, signed by President Donald Trump on Friday. Economists expect the economy already may be in a slowdown and that it should trough with a double-digit decline in the nation's gross domestic product in the second quarter.

    Vehicle sales will be reported Wednesday, and sales are expected to have come to a near standstill even though shuttered dealerships continue trying to deliver autos to buyers.

    For "car sales, I would think the drop would be more precipitous," said Diane Swonk, chief economist at Grant Thornton. "They shut down in every major market. Even though they're offering deliveries and all that stuff, it's going to be a shocker ... large double digit decline."

    Auto sales were at an annualized pace of 16.8 million in February, and some economists say the number in March could be closer to 12 million.

    Congress passed a $2 trillion aid package to help put cash in the hands of workers and companies, so they can weather the effects of a shutdown.

    Separately, the Fed has delivered a massive amount of monetary stimulus that has helped ease up some of the problems in illiquid credit and even the Treasury market. It has been buying Treasury and mortgage-backed securities at a record pace of $70 billion a day, and markets are focused on when the Fed will alter the size of its purchases, which are open-ended.

    "This week, plus last week was more than $600 billion. It's monumental." said Michael Schumacher, director, rates at Wells Fargo. The Fed said it was reducing the purchases to $60 billion a day, which is the amount it had been buying in a one-month period.

    Stimulus one-two punch

    The double-barreled boost to markets from the Fed's policy and the prospect of the fiscal spending package helped fire up the mid-week rally in stocks.

    "Even though the market, from the intraday low on March 23 through the intraday high on March 26, soared more than 20%, which to many is the definition of a new bull market, this low must be sustained before a new bull market can be crowned," said Sam Stovall, chief investment strategist at CFRA. "We've got to maintain this recent low, in my opinion, for another six months before we can call this another bull market."

    Stovall said the S&P 500 is often higher in April, though this year it may not be. The S&P is down about 14% for the month of March so far. Since World War II, April has been the second best month for the S&P, which has been up an average 1.5% and higher 71% of the time.

    The big rally in stocks this week is not an unusual occurrence in a bear market, Stovall said. "There have been multiple times in history - 1973/1974, 2001/2002, and combined with 2008, 2009, that we saw 20 plus percent rallies before ultimately setting an even lower low."

    Stovall said it's likely there will be a lower low. "The only think that causes me to say we may not retest the bottom is everybody is saying we need to retest the bottom," he said. The S&P hit a low of 2,191 before bouncing higher.

    Credit un-crunching

    In addition to its Treasury and mortgage purchases, the Fed has cut rates to zero, added liquidity in the repo market and committed to creating vehicles to help corporate paper, municipal bonds and corporate debt.

    "Stress levels in financial markets have receded in a meaningful way this week, thanks in no small part to the Fed's aggressive moves. Leveraged loans rebounded somewhat in price yesterday, and the MBS market is seeing broadening improvement (though it is far from normal)," noted Stephen Stanley, chief economist at Amherst Pierpont.

    Stanley said the Fed may not need to buy corporate bonds for now, based on new issuance activity in that market this week.

    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!)
    (CLICK HERE FOR THE CHART LINK #3!)
    (CLICK HERE FOR THE CHART LINK #4!)

    Will the Fed's Bold Moves Keep Yields from Rising?

    With the major stock market indexes all entering a bear market this month, it's no surprise that stocks have stolen most of the spotlight. However, actions taken by the Federal Reserve (Fed) to support what may be considered the safest part of the bond market, US Treasuries, may actually have more lasting implications for investors' portfolios.

    From February 19 through midday March 9, the yield on the 10-year Treasury fell an incredible 125 basis points (1.25%), briefly reaching an all-time low of just 0.31%. In fact, the 14-day relative strength index RSI on the 10-year yield, a technical measure of momentum, was more oversold than at any point since 1971. Since then yields came roaring back, trading as high as 1.27%, before fading back to near 0.8% currently.

    It is logical to think that the incredibly bold moves from the Fed, including unlimited Treasuries purchases, will help keep yields down. But could yields actually rise from here after the Fed writes the bond market a blank check? History says yes, which seems counter-intuitive. For investors, it's important to keep in mind that the combination of low starting yields and rising interest rates may lead to meager future fixed income returns.

    As shown in the LPL Chart of the Day, following prior announcements of quantitative easing (Fed securities purchases), yields have actually risen. Part of that story is the market pricing in higher inflation expectations as a result of the "money printing." Another piece is the market becoming more confident in economic recovery. "The massive injection of liquidity into the bond market by the Federal Reserve—in concert with fiscal stimulus—surely helps shore up the economy and credit marekts for an eventual recovery," noted LPL Financial Sr. Market Strategist Ryan Detrick.

    LPL Research forecasts the 10-year Treasury yield will end 2020 in the range of 1.25-1.75%. Outcomes outside of that range are certainly possible depending on how long it takes to get the pandemic under control.

    (CLICK HERE FOR THE CHART!)

    If the roughly $2 trillion in fiscal stimulus is added to the Fed's securities purchases, and additional lending capacity that the Fed's new programs create, the economy will get a $5-6 trillion jolt in the next several months to help us get through this crisis to the other side. In a $22 trillion US economy, that is significant and far exceeds the stimulus that dug the economy out of a ditch after the 2008-2009 financial crisis. This human crisis is not over unfortunately, but the bold moves from policymakers should help lessen the blow. The size of hit became evident in Thursday's massive spike in jobless claims. The economic data will get worse before it gets better, but visibility into the peak of this crisis is starting to come into view and markets—both stocks and bonds—may be beginning to sniff that out.

    Making Sense of Skyrocketing Jobless Claims

    Weekly new jobless claims were reported this morning, and to no one's surprise they rose to levels thought unimaginable just a few weeks ago. As shown in the LPL Chart of the Day, 3.3 million people filed new claims for unemployment benefits in the week ending March 21, almost 5 times the previous high of 695,000 set in 1982.

    "The personal and economic disruptions represented by the latest new claims number are staggering," said LPL Chief Investment Officer Burt White. "This is a genuine human crisis, and a robust response from the Federal Reserve and Congress seems appropriate. Unfortunately, we do expect more numbers like this in the coming months. At the same time, markets are forward looking and will be more focused on how quickly we might be able to get to the other side." Per LPL's Chart of the Day:

    (CLICK HERE FOR THE CHART!)

    While the number of new claims is extraordinary, it's not entirely unexpected. The United States and countries across the globe have shut down entire segments of their economies in an effort to delay or disrupt the impact of the COVID-19 pandemic. Many of the jobs most impacted by social-distancing measures, such as cashiers, restaurant workers, and hotel staff, are in the services sector, which now makes up about 80% of the jobs in the United States.

    There is no silver lining in a number like this, but there is reason for hope. The US economy was not in a recession prior to the global spread of COVID-19. Workers are not being let go because of some structural fault in the economy or a financial crisis. As a result, when the slowdown ends, we may not see the extended hiring delay that has typically followed recessions. In fact, a surge in demand may require extra hiring, although it may not take place until people are fully confident that social distancing is no longer necessary.

    Markets may not be responding to the dramatic numbers seen this morning, but they have been absorbing the rapidly changing economic expectations it represents over the last few weeks. We'll see a lot of this over the next couple of months: historic numbers with markets seemingly unmoved. But it's not because they're indifferent. Economic data is slow moving and backward looking, while our economic reality has been changing at an unprecedented pace. Even new unemployment claims, which are released weekly, seem somewhat stale. Markets will still be reacting to shifting expectations of the depth and duration of the slowdown, as well as the effectiveness of policies to help businesses and workers get to the other side.

    Market Volatility Stresses Liquidity

    The COVID-19 pandemic has caused unprecedented volatility in recent weeks that has investors and traders scrambling to assess the economic and market impact of the aggressive containment measures.

    This past week the CBOE Volatility Index (VIX), which measures the implied 30-day volatility of the S&P 500 Index based on options contracts, measured its highest reading since its inception at over 82—besting the prior high set during the financial crisis in 2008-2009, shown in the chart below. That is saying something.

    (CLICK HERE FOR THE CHART!)

    As market participants have sought shelter from the storm in traditional safe havens such as US Treasuries, gold, or cash, we have seen signs that liquidity has dried up. All that means is buyers have become more tentative, demanding lower prices to get trades done due to the historic volatility and heightened uncertainty. That in turn can lead to wider bid-ask spreads for market participants—both retail investors and institutions—and we sometimes see a dollar of value selling for 95 cents, if not less.

    We have seen some of this in the corporate bond markets in recent days. Even short-maturity, high-quality investment grade corporate bond strategies have seen market prices disconnect with their fair value, as measured by net asset value (NAV). That metric essentially adds up the value of individual bonds in a portfolio such as an exchange-traded fund, which should in theory match the market price of the security that we all see on our screens.

    "In volatile markets, quality items go on sale to clear the racks because there aren't a lot of shoppers walking through the malls," noted Ryan Detrick, LPL Financial Senior Market Strategist. "Improving liquidity in all markets can help restore investor confidence after being shaken the past few weeks."

    At their worst, these conditions can translate into serious dislocations, such as those experienced during the financial crisis when banks didn't trust each other enough to make overnight loans and credit froze up. Short-term lending is a necessary lubricant for economic activity.

    Investors can get hurt selling into these dislocated markets. This is where the Federal Reserve (Fed) comes in. The programs the Fed launched on Monday, March 23—including buying large amounts of corporate bonds—are aimed at restoring health to credit markets. The central bank's aggressive bond purchases (as much as needed) should help restore orderly trading in corporate bonds and narrow spreads, a measure of risk, which have widened significantly in recent weeks. As shown in the chart below, spreads are still well short of 2008-2009 highs.

    (CLICK HERE FOR THE CHART!)

    There is some other good news here. These dislocations can present opportunities for buyers to get discounts they may not otherwise see in normally functioning market environments. We aren't suggesting running out and buying securities trading at the biggest discounts to their intrinsic value. Instead, we are highlighting that attractive opportunities are emerging in the corporate bond market, particularly in strategies focused on strong companies that may emerge on the other side of this crisis as leaders of the economic rebound.

    Time In The Market Versus Timing The Market

    The incredible volatility continues, with the S&P 500 Index now in one of its worst bear markets ever, along the way making the quickest move from an all-time high to down 30% at only 22 days. What is a long-term investor to do?

    "Although market timing is very alluring to investors, especially after the past few weeks, the reality is timing things incorrectly can set you back significantly," explained LPL Financial Senior Market Strategist Ryan Detrick. "In fact, if you started in 1990 and missed the best day of the year each year for the S&P 500, your annual return was nearly cut in half."

    As shown in the LPL Chart of the Day, the annualized return for the S&P 500 from 1990 to 2019 was 7.7%. Yet, if all you missed was the best day of the year, that return dropped to only 3.9%. Miss the best two days of each year, and you were up less than 1% a year. Taking it to the extreme, if you missed the best 20 days of each year, you'd be down 27% per year.

    (CLICK HERE FOR THE CHART!)

    No one can consistently pick the best or worst days of the year, so this is why it can be so dangerous for investors to miss time in the market by trying to time the market. If you miss one or two big days, compounded over time, this can greatly impact your portfolio.

    Boeing (BA) Sends the Dow Flying

    Turnaround Tuesday has carried into hump day with the Dow up well over 5% again today as of this writing. As we mentioned in an earlier post, that means the Dow is on track for its first back-to-back up days for the first time since early February. Remarkably, even with only two consecutive up days, the index is closing in on exiting a bear market. For that to happen, the Dow would need to close above the 22,310.32 level which is 20% off of the bear market closing low (Monday's close at 18,591.93). At today's high, the Dow was less than 300 points or 1.32% from that level.

    As for the individual stocks contributing to the rally, Boeing (BA) deserves a lot of thanks. The stock has been hit very hard during the sell-off. Whereas the stock has traded in the mid-$300 for much of the past two years and up to mid-February, as of late last week BA had fallen below $100. That massive drop in price means that day to day movements in the stock would have a lesser impact on the level of the price-weighted Dow. In spite of this, BA has contributed over 400 points to the Dow's rally in the past two days alone! That is much more than any other stock in the index with the next biggest contributor being UnitedHealth (UNH) who's 335.44 point contribution comes as its share price is currently around $100 more than BA. BA's contribution is also almost 200 points more than those of McDonald's (MCD), Visa (V), and Apple (AAPL). Of all 30 Dow stocks, there is only one that is down over the past couple of days, subtracting from the index's rally: Walmart (WMT). Given WMT has held up fairly well recently, its performance is yet another example of investors' focus on the more beaten down names that we have noted earlier today and in last night's Closer.

    (CLICK HERE FOR THE CHART!)

    STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending March 27th, 2020

    (CLICK HERE FOR THE YOUTUBE VIDEO!)

    STOCK MARKET VIDEO: ShadowTrader Video Weekly 3.29.20

    (CLICK HERE FOR THE YOUTUBE VIDEO!)

    Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-

    • $RH
    • $BB
    • $VFF
    • $CHWY
    • $KMX
    • $WBA
    • $PAYS
    • $TTNP
    • $STZ
    • $CALM
    • $GNLN
    • $CSU
    • $CAG
    • $MKC
    • $RMBL
    • $GPL
    • $HEXO
    • $PVH
    • $DARE
    • $CTEK
    • $CYD
    • $NVCN
    • $LW
    • $AYI
    • $ICLK
    • $ALPN
    • $APOG
    • $UNF
    • $EAST
    • $SMTS
    • $CSSE
    • $SCHN
    • $LNDC
    • $NG
    • $RECN
    • $EDAP
    • $APTX
    • $ASND
    • $VRNT
    • $MOTS
    • $VERO
    (CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
    (CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)
    (CLICK HERE FOR MONDAY'S PRE-MARKET MOST NOTABLE EARNINGS RELEASES!)

    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 3.30.20 Before Market Open:

    (CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

    Monday 3.30.20 After Market Close:

    (CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

    Tuesday 3.31.20 Before Market Open:

    (CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

    Tuesday 3.31.20 After Market Close:

    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

    Wednesday 4.1.20 Before Market Open:

    (CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

    Wednesday 4.1.20 After Market Close:

    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

    Thursday 4.2.20 Before Market Open:

    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

    Thursday 4.2.20 After Market Close:

    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

    Friday 4.3.20 Before Market Open:

    (CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

    Friday 4.3.20 After Market Close:

    ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())

    NONE.

    RH $110.93

    RH (RH) is confirmed to report earnings at approximately 4:20 PM ET on Monday, March 30, 2020. The consensus earnings estimate is $3.59 per share on revenue of $709.42 million and the Earnings Whisper ® number is $3.74 per share. Investor sentiment going into the company's earnings release has 81% expecting an earnings beat The company's guidance was for earnings of $3.50 to $3.62 per share on revenue of $703.00 million to $712.00 million. Consensus estimates are for year-over-year earnings growth of 19.67% with revenue increasing by 5.74%. Short interest has decreased by 10.6% since the company's last earnings release while the stock has drifted lower by 47.2% from its open following the earnings release to be 35.0% below its 200 day moving average of $170.64. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, March 13, 2020 there was some notable buying of 2,037 contracts of the $125.00 call expiring on Friday, May 15, 2020. Option traders are pricing in a 27.2% move on earnings and the stock has averaged a 13.4% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    BlackBerry Limited $3.81

    BlackBerry Limited (BB) is confirmed to report earnings after the market closes on Tuesday, March 31, 2020. The consensus earnings estimate is $0.04 per share and the Earnings Whisper ® number is $0.05 per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 76.47% with revenue increasing by 291.76%. Short interest has increased by 44.2% since the company's last earnings release while the stock has drifted lower by 37.3% from its open following the earnings release to be 38.6% below its 200 day moving average of $6.21. Overall earnings estimates have been unchanged since the company's last earnings release. On Friday, March 13, 2020 there was some notable buying of 13,415 contracts of the $10.00 put expiring on Friday, January 15, 2021. Option traders are pricing in a 19.0% move on earnings and the stock has averaged a 12.0% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Village Farms International $3.47

    Village Farms International (VFF) is confirmed to report earnings at approximately 5:00 PM ET on Monday, March 30, 2020. The consensus earnings estimate is $0.03 per share on revenue of $41.96 million and the Earnings Whisper ® number is $0.04 per share. Investor sentiment going into the company's earnings release has 78% expecting an earnings beat. Short interest has increased by 23.2% since the company's last earnings release while the stock has drifted lower by 40.2% from its open following the earnings release to be 58.3% below its 200 day moving average of $8.31. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, March 18, 2020 there was some notable buying of 668 contracts of the $6.00 call expiring on Friday, September 18, 2020. Option traders are pricing in a 33.9% move on earnings and the stock has averaged a 4.6% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Chewy, Inc. $36.16

    Chewy, Inc. (CHWY) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, April 2, 2020. The consensus estimate is for a loss of $0.17 per share on revenue of $1.35 billion and the Earnings Whisper ® number is ($0.16) per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat. Short interest has decreased by 13.6% since the company's last earnings release while the stock has drifted higher by 50.7% from its open following the earnings release to be 24.5% above its 200 day moving average of $29.04. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 6.1% move on earnings in recent quarters.

    (CLICK HERE FOR THE CHART!)

    CarMax, Inc. $58.93

    CarMax, Inc. (KMX) is confirmed to report earnings at approximately 6:50 AM ET on Thursday, April 2, 2020. The consensus earnings estimate is $1.12 per share on revenue of $4.65 billion and the Earnings Whisper ® number is $1.10 per share. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.88% with revenue increasing by 7.67%. Short interest has decreased by 17.7% since the company's last earnings release while the stock has drifted lower by 37.6% from its open following the earnings release to be 33.0% below its 200 day moving average of $87.96. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, March 19, 2020 there was some notable buying of 1,206 contracts of the $30.00 put expiring on Friday, July 17, 2020. Option traders are pricing in a 21.3% move on earnings and the stock has averaged a 4.1% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Walgreens Boots Alliance Inc $44.00

    Walgreens Boots Alliance Inc (WBA) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, April 2, 2020. The consensus earnings estimate is $1.44 per share on revenue of $35.30 billion and the Earnings Whisper ® number is $1.50 per share. 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 13.77% with revenue increasing by 2.24%. Short interest has decreased by 1.0% since the company's last earnings release while the stock has drifted lower by 21.5% from its open following the earnings release to be 18.5% below its 200 day moving average of $54.00. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, March 19, 2020 there was some notable buying of 8,804 contracts of the $55.00 call expiring on Friday, April 17, 2020. Option traders are pricing in a 21.5% move on earnings and the stock has averaged a 5.1% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Paysign, Inc. $5.44

    Paysign, Inc. (PAYS) is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, March 31, 2020. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat. Short interest has increased by 10.0% since the company's last earnings release while the stock has drifted lower by 49.5% from its open following the earnings release to be 54.6% below its 200 day moving average of $11.98. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 11.3% move on earnings in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Titan Pharmaceuticals, Inc. $0.25

    Titan Pharmaceuticals, Inc. (TTNP) is confirmed to report earnings at approximately 4:00 PM ET on Monday, March 30, 2020. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat. Short interest has increased by 222.9% since the company's last earnings release while the stock has drifted higher by 49.0% from its open following the earnings release to be 58.5% below its 200 day moving average of $0.60. The stock has averaged a 15.6% move on earnings in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Constellation Brands, Inc. $144.88

    Constellation Brands, Inc. (STZ) is confirmed to report earnings at approximately 7:30 AM ET on Friday, April 3, 2020. The consensus earnings estimate is $1.62 per share on revenue of $1.84 billion and the Earnings Whisper ® number is $1.75 per share. 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 11.96% with revenue decreasing by 6.50%. Short interest has decreased by 27.3% since the company's last earnings release while the stock has drifted lower by 23.2% from its open following the earnings release to be 23.0% below its 200 day moving average of $188.19. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, March 13, 2020 there was some notable buying of 1,502 contracts of the $100.00 put expiring on Friday, October 16, 2020. Option traders are pricing in a 15.0% move on earnings and the stock has averaged a 6.5% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Greenlane Holdings, Inc. $2.16

    Greenlane Holdings, Inc. (GNLN) is confirmed to report earnings at approximately 7:00 AM ET on Monday, March 30, 2020. The consensus estimate is for a loss of $0.07 per share on revenue of $38.88 million and the Earnings Whisper ® number is ($0.09) per share. Investor sentiment going into the company's earnings release has 7% expecting an earnings beat. Short interest has decreased by 13.3% since the company's last earnings release while the stock has drifted lower by 36.8% from its open following the earnings release to be 53.7% below its 200 day moving average of $4.66. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 2.6% move on earnings in recent quarters.

    (CLICK HERE FOR THE CHART!)

    DISCUSS!

    What are you all watching for in this upcoming trading week?

    I hope you all have a wonderful weekend and a great trading week ahead r/StockMarket.

    submitted by /u/bigbear0083
    [link] [comments]

    Community call to action - share your favorite resources to be compiled into a permanent and current list!

    Posted: 28 Mar 2020 10:37 AM PDT

    Hey guys, myself and the other mods are working on putting together a big resources thread to hopefully alleviate some of the very common "what are your favorite books?", "what trading platform should I use?" and other similar questions that we constantly see here.

    I personally have a list of probably 500-1,000 bookmarks I've collected over the years consisting of all kinds of scanners, screeners, research tools, trading software/apps, blogs, books, videos, trading communities, allllll kinds of stuff that am currently filtering through and updating to make a big categorized list of things I use to gather news and make decisions in the markets, and I'm sure many of you have tons of stuff I haven't even heard of.

    On that note, if you have a tool, resource, website, blog, whatever that you find invaluable in your trading/investing activities, please share it and a short description of what it is and how you use it and we'll use this thread as an addendum and include many of the suggestions here in the final post.

    In particular we're looking for stuff categorized into the following categories:

    • BROKERS/TRADING SOFTWARE (especially those that support international clients)

    • SCANNING/SCREENING/IDEA GENERATION

    • NEWS RESOURCES

    • BOOKS

    • VIDEOS/TUTORIALS ON "GETTING STARTED"

    • TECHNICAL ANALYSIS RESOURCES

    • FUNDAMENTAL ANALYSIS RESOURCES

    • SECURITY TYPE-SPECIFIC TOOLS/WEBSITES (e.g. things useful specifically for options traders, specifically for forex, specifically for equities, etc)

    • BLOGS/READING/RESEARCH MATERIAL

    • USEFUL TWITTER ACCOUNTS (Ideally news/info related rather than the typical fintwit pumper/trading service stuff, though some of them can be useful and will be included)

    • ANYTHING ELSE YOU FIND HANDY

    That should be enough to get us started. Not everything in this thread will be included, but I will link to this thread in the final one. In the mean time I am going to go through my own massive list of stuff and try to dig out the best of the best. Looking forward to getting this up soon and hopefully it will be useful!

    Thanks!

    submitted by /u/ghostofgbt
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    New Covid-19 test that delivers results in 5 min has been approved by the FDA.

    Posted: 28 Mar 2020 04:19 AM PDT

    Abbott Laboratories has got he ticket to produce test kits with 5 min results. $ABT

    source

    submitted by /u/gypsyphotos
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    Start of a new Bull Market? ... or Bear Market Rally?

    Posted: 28 Mar 2020 11:19 AM PDT

    BigBear0083's Complete U.S. Stock Market on Google Sheets

    Posted: 28 Mar 2020 06:31 AM PDT

    Hey r/StockMarket!

    I have some good news to share with you all this weekend.

    I've decided to share with everyone in here my U.S. stock market google spreadsheet for all to copy and download.

    This is a real-time stock market data spreadsheet for all of the current U.S. listed stocks.

    I've separated all the stocks by their respective exchanges, simply click on the tab on the bottom of the spreadsheet to pull up all the stocks for each exchange.

    This is a pretty ginormous list of stocks so my spreadsheet may be a little laggy to open/load at first run.

    Anyway, I thought I would open this up for everyone in this sub to make copies of their own as I know I had gotten quite a few requests from this community over the past couple of weeks to share some of my spreadsheets.

    So without getting into further ado I present to you all my complete U.S. stock market spreadsheet:

    (Here is the direct link to my Google Sheet!)

    BTW, here are some of my other spreadsheets I have shared in here over the past couple of weeks but are not currently open for making copies yet.

    BigBear0083's Editable Stock tracking Spreadsheet

    BigBear0083's Real-time U.S. Market Indices Tracking Spreadsheet

    Anyway, let me know y'alls think.

    Have a great weekend everyone!

    submitted by /u/bigbear0083
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    Dollar cost averaging vs lump sum investing. What to do when you have a substantial chunk of money to invest? (Not talking about the current crash; I'm trying to learn general principles.)

    Posted: 28 Mar 2020 07:52 PM PDT

    Most of us dollar cost average simply because we take money out of our paychecks each month. This is NOT what I'm asking about. I'm asking about if you have the choice -- that is, if you find yourself, say, with 5K -- should you invest all at once RIGHT WHEN YOU HAVE IT (lump sum investing) or space it out over the year (maybe 1K every month or something).

    This Vanguard article gives data and arguments in favor of lump sum investing. https://static.twentyoverten.com/5980d16bbfb1c93238ad9c24/rJpQmY8o7/Dollar-Cost-Averaging-Just-Means-Taking-Risk-Later-Vanguard.pdf

    ABSTRACT: n this paper, we compare the historical performance of dollar-cost averaging (DCA) with lump-sum investing (LSI) across three markets: the United States, the United Kingdom, and Australia. On average, we find that an LSI approach has outperformed a DCA approach approximately two-thirds of the time, even when results are adjusted for the higher volatility of a stock/bond portfolio versus cash investments. This finding is consistent with the fact that the returns of stocks and bonds exceeded that of cash over our study period in each of these markets.

    edit: I'm not talking about timing the market. Lump sum investing meas investing at soon as you have the money; not waiting and trying to find the bottom. And I'm interested in GENERAL answers, not one's particular to just the current situation.

    submitted by /u/discover111
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    IMF head confirms global economy is now in recession.

    Posted: 28 Mar 2020 02:10 PM PDT

    Most Anticipated Earnings Releases for the trading week beginning March 30th, 2020

    Posted: 28 Mar 2020 07:07 AM PDT

    Noob question about puts and calls

    Posted: 28 Mar 2020 07:55 PM PDT

    Let's say I have a put that expires on April 17.. do you get liquidated if it goes up to a certain price? Or how does this work?
    The only experience I have with something similar is margin trading, thank you!

    submitted by /u/myerszombie
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    Anyone targeting cruise lines or energy for long-term holds?

    Posted: 28 Mar 2020 06:03 PM PDT

    I'm generally a 100% VTSAX investor, but have put about $20K in extra money in the market recently (ERI, FUN, and HGV).

    I'm giving thought towards Carnival Cruise Lines as well. I'm not a short-term buyer, so a quick turnaround is not overly important to me.

    Thoughts? Anyone else doing this? WTI (Crude Oil) likely isn't a bad long-term hold either, but I'm a bit less confident on that.

    submitted by /u/howling_mad
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    High-risk stocks for potential short-term gains?

    Posted: 28 Mar 2020 05:36 AM PDT

    If I am willing to go for some of high-risk stuff in an attempt to get high, short-term gains, what options are there?

    Was thinking about:

    Exxon, Enterprise Products Partners,

    McDonalds, Starbucks

    Gap, H&M, Ralph Lauren

    Boeing

    Thanks!

    submitted by /u/lies_are_comforting
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    Noob question

    Posted: 28 Mar 2020 05:16 PM PDT

    Im looking into buying 1 VOO and 1 VTI stock right now or within a couple of days is it wise to buy different ETF's or should I stick with one ETF and invest in 2-3 of them? Sorry if this sounds dumb im a beginner trying to learn

    submitted by /u/Itsnick1104
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    Thoughts on BRY?

    Posted: 28 Mar 2020 04:50 PM PDT

    Blue Chip Dividend Stocks Research Tool

    Posted: 28 Mar 2020 12:04 PM PDT

    Anyone know any free research tools to find blue chips with year to year dividend growth? I'm trying to find stocks with consistent dividend growth for at least 10 years.

    submitted by /u/V-Bo
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    Is now the time to buy oil stocks?

    Posted: 28 Mar 2020 11:35 AM PDT

    Oil stocks have been hammered for many factors. Oil prices are now lower than anytime in my life and I'm not sure how much lower they can go. Is now the time to buy? What would be the risks involved?

    Thanks in advance for your input

    submitted by /u/supanatral
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    Where do press releases appear first?

    Posted: 28 Mar 2020 03:18 PM PDT

    I'd like to know the rough timeline of the first 60 seconds of a press release.

    I have done some initial research and, until now, I believed that news items would first appear on the news agency's website. Then, the first ones to pick up the news (within 1-2 seconds) would be the players that have direct agreements with the news agencies, such as Bloomberg Terminal (whenever a news item is disseminated, the agency would send the item to Bloomberg). This would be followed by any scraping bots that noticed the news item on the website (within 30 seconds) and individual observers (within 5 minutes, albeit they would probably have been alerted by an automated system that got the news before).

    However, I have been noticing that those items sometimes appear on the news agency's website up to 30 seconds after the news item's creation timestamp and the underlying security's price had already begun to move accordingly. I do not understand how that is possible, however, since that would imply that news are disseminated to select entities before being made public, violating SEC rules.

    Does anyone have any more insights on this? Where do news items first appear? Where do they go next?

    submitted by /u/wit221
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    Commercial paper interest rate

    Posted: 28 Mar 2020 10:22 AM PDT

    I understand the commercial paper interest rate determines the market fear. Go back to 2008 and see how it shoots up. I've been trying to understand this more, can someone explain A2/P2 better ?

    submitted by /u/rg3930
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    BMRA or CEMI?

    Posted: 28 Mar 2020 02:00 PM PDT

    Are you likely or not likely to hold a mutual fund for decades?

    Posted: 28 Mar 2020 01:49 PM PDT

    Im on investopedia now reading about the oldest mutual funds. Im reading about safe investing. The last paragraph begins with, "keep your own investing horizon in mind. You are not likely to hold a mutual fund for decades, and performance over a long period may smooth out losses that occurred during some short periods."

    Wait wait, i thought the whole point of mutual funds were to hold onto them for a long time (a decade or so) am i reading this right?

    submitted by /u/kza1209891
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    How to find large sales of stock by company execs / C suite

    Posted: 28 Mar 2020 09:21 AM PDT

    What websites would you look at to find out when company execs are selling a lot of the stocks they own in their companies, and if there are changes in their positions? Like a resignation or a leadership change?

    I searched online but I don't think I was using the right terms.

    submitted by /u/demoplayer1971
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    Are buying things like ETF, AMD, IBM, CVS, ATVI, NVDA, & BAC investing or trading? I am looking for long term investments.

    Posted: 28 Mar 2020 12:31 PM PDT

    Hello. I have some questions please. What is a S&P 500? Mutual fund? I read that if you invest in blue chips or any company listed on the dow jones 'list' that its a pretty safe bet. Sort of like investing in a roth ira. I have a roth ira, emergency funds. Ive got about 5k to invest in something long term, mostly safe, sort of like a set and forget thing, i dont want to lose my sanity lol. (Maybe ill fuck around with $500 or so but really idk even know about that...) Im just looking for a mostly safe way (unless all of society totally collapses then money will be the least or concerns) to invest some extra money. Been browsing here all day. Lol

    submitted by /u/kza1209891
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    "Goodwill And Intangible Assets"

    Posted: 28 Mar 2020 10:56 AM PDT

    Honest question: does anyone else think that this line item on company balance sheets is complete and utter bullshit? Is "Goodwill and Intangible Assets" just a way for a company to cook their books, or am I being too cynical?"

    For example, when I see a company like DHR, that reports 32B (most of their assets) on their balance sheet, this shit makes me roll my eyes in disbelief.

    submitted by /u/Reeeetail_Investor
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