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    Saturday, April 4, 2020

    Home Unlabelled Stocks - Wall Street Week Ahead for the trading week beginning April 6th, 2020

    Stocks - Wall Street Week Ahead for the trading week beginning April 6th, 2020

    April 04, 2020

    Stocks - Wall Street Week Ahead for the trading week beginning April 6th, 2020

    Wall Street Week Ahead for the trading week beginning April 6th, 2020

    Posted: 04 Apr 2020 08:20 AM PDT

    Good Saturday morning to all of you here on r/stocks. 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 April 6th, 2020.

    The stimulus boost has passed and now the stock market is focused solely on virus developments - (Source)

    The stock market enters a four-day week that is the lull before earnings season, but it's the headlines on developments around the spread of the coronavirus that may result in the most volatility.

    Strategists say investors are now most focused on how the virus is progressing, what medical developments might help, and how long it could take to end the shutdown of most of the U.S.

    "I think it's a wait and see with a drift to the downside. I think if you look back to that three-, four-day rally we had in March, capping off the end of the month, I think a lot of that was reaction to the Fed, a lot of it was reaction to the stimulus out of Washington," said Lori Calvasina, chief U.S. equities strategist at RBC. "There were good vibes coming off of that, but that was yesterday's news. I think the Fed has done a good job. They have peoples' confidence...One thing we now need is a decline in the number of virus cases in the U.S."

    Oil could be a factor in the week ahead as OPEC and Russia hold an emergency meeting Monday to discuss production cuts. Oil rallied 12% in the past week with West Texas Intermediate futures at $28.34 per barrel, its best week ever. President Donald Trump sparked the rally when he said he spoke to Saudi Arabia and Russia and they wanted a deal to cut production.

    In the past week, stocks were lower for the third week in four, as the market absorbed the latest shocking reports of layoffs, and investors worried about the duration of the virus related shutdowns. The S&P 500 closed down 2% for the week, at 2,488.

    Jobs picture

    On Sunday, Trump extended the guidelines on social distancing to April 30, as the number of cases grew.

    Thursday's report of 6.6 million new unemployment claims for the week ended March 28 brought the two week total of workers filing claims to 10 million. The biggest data report in the week ahead could again be that jobless claims number on Thursday.

    "We look for 7 million new claims to be reported for the week ended April 4, though obviously the range of uncertainty around this forecast is wide, and a substantial decline is also possible," noted J.P. Morgan economist Jesse Edgerton.

    Consumer sentiment is reported Thursday, and consumer price index inflation is reported Friday, when the stock market is closed for the Good Friday holiday.

    "I'm not a big believer that investors gain a lot of information from single points of data and even less right now," said Mike Swell, co-head of global portfolio management at Goldman Sachs Asset Management. "We need the world to open back up. We need the global economies to open back up to have any sense of the lasting impact of this on jobs. The concerns in corporate boardrooms is how conservative they're going to be when it comes to cap ex and hiring."

    The Fed releases minutes of its last meeting Wednesday.

    "The schedule doesn't matter anymore. What matters now is how the pandemic is playing out, the extent of the downturn of the economy, and then how capital markets are functioning," Swell said. "All of those things together are going to drive what the Fed's going to do, and they'll act when they need to take action."

    The Fed has flooded the markets with liquidity and is ballooning its balance sheet with Treasury and mortgage purchases. Swell said the Fed's programs are helping the markets they've taken aim at including corporate debt, mortgages and commercial paper.

    Earnings ahead

    First quarter earnings season is scheduled to start in the week after next, and there could be more companies withdrawing guidance between now and then.

    "We're all facing the realization [the virus shutdown] that it's going to take longer, it's going to go deeper and that alone is taking the wind out of the sales," said Calvasina. "Then the companies are going to report , and they're not going to tell us anything...companies are just withdrawing guidance. It's not even like there's a new lower bar. Are we going to come out of this with a bar or are we going to come out of this with no direction?"

    According to Refinitiv, earnings are expected to decline about 5.5% for the first quarter, which saw the biggest impact from the virus in the final weeks of March.

    Calvasina said she expects the market to retest the lows of March 23, in part because it does not seem investors have gotten negative enough. She said they do not appear to be factoring in the latest gloomy projections from economists of a more than 30% decline in second quarter GDP. She said the market could still have a ways to go before bottoming, and notes the financial crisis drop was 49%. A drop of that magnitude would take the S&P to 1,727.

    Her own survey of clients shows that many investors still have a bullish view on the market with a six to 12-month horizon. "We're seeing investors taking a constructive view. They like what the Fed has done.There seems to be a view about the economy that the damage is really going to be concentrated in the second quarter, and it's going to be contained in terms of depth and contained in terms of duration," she said.

    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!)

    A Technical Look at Market Internals

    Following last week's more than 10% gain, the S&P 500 Index is tracking toward another weekly loss, its fifth of the last seven. This has many investors wondering if a retest of the lows may be in the cards for US equities. As we explored in our How Markets Bottom post, two of the bear markets we believe show the most similarities to our current one did retest or undercut the lows after the worst of the selling.

    "Whether or not we get a retest is an open question," said LPL Financial Senior Market Strategist Ryan Detrick. "But we believe we've seen the worst of the selling, and we will be watching to confirm that fewer individual stocks are making new lows on a further pullback in the indexes."

    (CLICK HERE FOR THE CHART!)

    As the LPL Chart of the Day shows, although the S&P 500 made its low on March 23, more stocks actually bottomed a week earlier on March 16, when more than two-thirds of the individual stocks in the index hit a one-year low. Regardless of the direction of the S&P 500 over the coming days, we want to see this trend of fewer stocks making new lows continue.

    Road to Recovery Playbook Factor #1: COVID-19 Case Update

    Factor #1 in our Road to Recovery Playbook is finding confidence in the peak of COVID-19 cases in the United States. At LPL Research we are monitoring this factor daily, and we wanted to provide an update into what we are seeing. As shown in the LPL Chart of the Day, while the number of new cases in the United States has continued to climb, the number of new cases seen outside of the US has begun to drop in recent days. In fact, Italy, the worst-hit country in terms of total deaths from the virus, reported on Tuesday that new cases hit a two-week low.

    (CLICK HERE FOR THE CHART!)

    This data is important because thus far the number of COVID-19 cases has conformed to Farr's Law of Epidemics, exhibiting a somewhat predictable bell curve normal-like distribution. Formulated in the 1800s by British epidemiologist Dr. William Farr, these laws predict that epidemics normally follow a pattern of sharp increase, a peak, and then a decline back to a baseline.

    The distributions of both new COVID-19 cases and related fatalities in China and South Korea have exhibited this behavior and appear to have ridden out the initial outbreak cycle. The City of Wuhan, China, which was the initial epicenter for the virus, reported on March 19 that it had zero new cases—showing us that the curve can be flattened and there is light at the end of this dark tunnel.

    "The market's bounce last week may have been in anticipation of some of these more positive data points regarding the virus," said LPL Financial Senior Market Strategist Ryan Detrick. "While US cases continue to climb, the more countries that reach their peak, the more clarity we gain into what that timing may look like for the United States. Investors have historically been rewarded for investing during these crisis events, and we believe the time for suitable investors to consider adding some risk to their portfolios may be approaching."

    Can April's Top-Month Record Extend Market Rally?

    April marks the end of the "Best Six Months" for DJIA and the S&P 500. The window for the seasonal MACD sell signal opens on April 1st. The unprecedented speed of the current market selloff and current bear market would appear to have made this year's signal insignificant. This could be the case, but it is far too early to say if the worst of the bear market is over. Double-digit DJIA losses during the "Best Six Months" have only occurred three times (ending in April in 1970, 1974 and 2009) since 1950. In 1970 & 2009 the "Worst Six Months" were positive while in 1974 DJIA slide another 20.5%.

    April 1999 was the first month to gain 1000 DJIA points. However, from 2000 to 2005, "Tax" month was hit, declining in four of six years. Since 2006, April has been up fourteen years in a row with an average gain of 2.3% to reclaim its position as the best DJIA month since 1950. April is second best for S&P and fourth best for NASDAQ (since 1971).

    The first half of April used to outperform the second half, but since 1994 that has no longer been the case. The effect of April 15 Tax Deadline appears to be diminished with numerous bullish days present on either side of the day. Traders and investors are clearly focused on first quarter earnings and guidance during April. This year, guidance will likely be the greatest focus, as first and second quarter earnings are likely to be disappointing as a result of the coronavirus pandemic.

    Historically bullish election-year influences (the second-best year of the four-year presidential election cycle) have the exact opposite effect on April. Average gains since 1952 are approximately half of the average gain of all years since 1950 for DJIA and S&P 500. Largely due to a 15.6% loss in 2000, NASDAQ's typical strength in all Aprils since 1971 is transformed into an average loss in election years.

    This data is important because thus far the number of COVID-19 cases has conformed to Farr's Law of Epidemics, exhibiting a somewhat predictable bell curve normal-like distribution. Formulated in the 1800s by British epidemiologist Dr. William Farr, these laws predict that epidemics normally follow a pattern of sharp increase, a peak, and then a decline back to a baseline.

    The distributions of both new COVID-19 cases and related fatalities in China and South Korea have exhibited this behavior and appear to have ridden out the initial outbreak cycle. The City of Wuhan, China, which was the initial epicenter for the virus, reported on March 19 that it had zero new cases—showing us that the curve can be flattened and there is light at the end of this dark tunnel.

    "The market's bounce last week may have been in anticipation of some of these more positive data points regarding the virus," said LPL Financial Senior Market Strategist Ryan Detrick. "While US cases continue to climb, the more countries that reach their peak, the more clarity we gain into what that timing may look like for the United States. Investors have historically been rewarded for investing during these crisis events, and we believe the time for suitable investors to consider adding some risk to their portfolios may be approaching."

    (CLICK HERE FOR THE CHART!)

    Down Best Six Months Not Encouraging

    The depth of this waterfall decline may be too deep for the market to rebound quickly. This bear market also put this year's Best Six Months (November-April) at risk of being negative. The record of down Best Six Months is not encouraging and it reminds us of a salient quote from the Almanac from an old market sage, "If the market does not rally, as it should during bullish seasonal periods, it is a sign that other forces are stronger and that when the seasonal period ends those forces will really have their say."— Edson Gould (Stock market analyst, Findings & Forecasts, 1902-1987)

    The table below of Down Best Six Month for DJIA since 1950 also suggests caution and patience is in order. Subsequent Worst Six Months (May-October) have averaged losses with only two decent years 1982 and 2009. The market bottom in August 1982 marked the end of the 1966-1982 secular bear market and came of the early 1980s double dip recession. Following the first back-to-back down Best Six Months since 1973-1974, the market hit a secular bear market low in March 2009. Market action in the rest of these years was rather grim.

    (CLICK HERE FOR THE CHART!)

    Sector Relative Strength

    Over the past year, the Technology sector has been the most notable sector in terms of outperformance relative to the S&P 500. As shown in the charts from our Sector Snapshot below, the relative strength chart for Technology has been in a steady uptrend for the past twelve months without much interruption even while the decade long bull market was coming to an end. In fact, last week it was the first sector to exit oversold territory after every sector was oversold for 13 days. The other sectors have not been as lucky. During the recent sell off, the relative performance of most sectors, especially cyclicals like Energy, Financials, and Industrials, fell sharply (indicating even worse declines than the S&P 500). Consumer Staples and Health Care, on the other hand, have seen much stronger performance than the rest of the market.

    (CLICK HERE FOR THE CHART!)

    Consumers Turn Bearish on Equities

    Tuesday's Consumer Confidence report managed to exceed expectations, but as we noted at the time, the survey for the March reports cuts off on the 18th, so as economic conditions turned south, sentiment levels also likely declined. One area of the report where sentiment already has seen a notable decline is in consumer sentiment towards stock prices. As shown in the top chart below, the percentage of consumers expecting stock prices to decline nearly doubled from 21.7% up to 39.2% while the percentage of consumers looking for higher prices dropped from 43.1% down to 32.3%. In the case of negative sentiment, the percentage of bearish consumers hasn't been this high since late 2012.

    Given the major shift in sentiment, the spread between bullish and bearish consumers has seen a major reversal falling from firmly positive (21.4) to firmly negative (-6.9). By this measure, the spread between bullish and bearish investors hasn't been this negative since February 2016.

    (CLICK HERE FOR THE CHART!)

    The Good, The Bad, and the Ugly Commodities in Q1

    Very few assets have been winners recently, especially in the commodities space. As shown in the table below, no major energy or metal commodities (front-month futures) rose in March and gold was the only one to rise in the first quarter. The degree of those declines varied greatly. While gasoline and WTI futures (crude oil) were more than cut in half, gold and iron ore fell less than one percent in March. Considering iron ore's cyclical nature, that small decline is somewhat surprising but as for Q1, iron ore's performance was much weaker with a decline of over 10.5%. Granted, that is still a far better performance than copper which was down by more than twice that. Given the size of these declines, every one of the commodities highlighted below sits well off of its 52-week high. Gasoline and crude oil are the worst of these at 74.14% and 69.63%, respectively. As for where they finished the quarter relative to their 52-week lows, things are mixed. Gasoline, gold, and silver are off those lows by double-digit percentages while the rest are less than 10% away.

    (CLICK HERE FOR THE CHART!)

    As with many charts across assets, the technical picture of these commodities looks ugly. Almost every one has broken below significant support levels and safe-haven gold is the only one currently in anything other than a downtrend. Although it finished the month just off of the lows, crude oil fell all the way to its lowest levels since 2002 after crashing through support in February. The same can be said for gasoline. Natural gas remains a pain trade with the downtrend of the past several months still firmly in place.

    Given its safe-haven status, gold has again been an outperformer approaching some of its highest levels of the past decade during the risk asset rout of the past couple of months. But it has recently been a more volatile trade. The yellow metal has yet to break above resistance around 1,700/oz and has even fallen to support around the 50-DMA. Despite also having the precious metal status, silver has been a serial underperformer to gold. Silver never shared gold's rally over the past couple of months as it fell to its lowest levels since 2009.

    As for industrial metals, copper has been hovering around its lowest levels since the final quarter of 2016 after falling through the past year's support around $2.50. On the bright side, the technicals of iron ore have been slightly more constructive as it has still held up at support around $75.

    (CLICK HERE FOR THE CHART!)

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

    • $SMPL
    • $CONN
    • $GBX
    • $LEVI
    • $ANGO
    • $RPM
    • $SGH
    • $LNN
    • $MSM
    • $SJR
    • $WDFC
    • $NTIC
    • $EXFO
    • $CAAP
    • $SLP
    • $TLGT
    (CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
    (CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)
    (CLICK HERE FOR THE MOST NOTABLE EARNINGS RELEASES FOR THE MONTH OF APRIL 2020!)

    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 4.6.20 Before Market Open:

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

    Monday 4.6.20 After Market Close:

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

    NONE.

    Tuesday 4.7.20 Before Market Open:

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

    Tuesday 4.7.20 After Market Close:

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

    Wednesday 4.8.20 Before Market Open:

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

    Wednesday 4.8.20 After Market Close:

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

    Thursday 4.9.20 Before Market Open:

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

    Thursday 4.9.20 After Market Close:

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

    NONE.

    Friday 4.10.20 Before Market Open:

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

    NONE.

    Friday 4.10.20 After Market Close:

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

    NONE.

    Simply Good Foods Company $18.77

    Simply Good Foods Company (SMPL) is confirmed to report earnings at approximately 7:00 AM ET on Monday, April 6, 2020. The consensus earnings estimate is $0.18 per share on revenue of $219.69 million and the Earnings Whisper ® number is $0.20 per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 20.00% with revenue increasing by 77.46%. Short interest has increased by 43.4% since the company's last earnings release while the stock has drifted lower by 30.4% from its open following the earnings release to be 26.0% below its 200 day moving average of $25.37. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, March 25, 2020 there was some notable buying of 3,763 contracts of the $20.00 call expiring on Friday, April 17, 2020. Option traders are pricing in a 17.7% move on earnings and the stock has averaged a 4.3% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Conn's, Inc. $3.33

    Conn's, Inc. (CONN) is confirmed to report earnings at approximately 6:00 AM ET on Thursday, April 9, 2020. The consensus earnings estimate is $0.35 per share on revenue of $412.61 million and the Earnings Whisper ® number is $0.33 per share. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat The company's guidance was for revenue of $394.00 million to $411.00 million. Consensus estimates are for earnings to decline year-over-year by 63.54% with revenue decreasing by 4.71%. Short interest has increased by 23.6% since the company's last earnings release while the stock has drifted lower by 77.8% from its open following the earnings release to be 80.3% below its 200 day moving average of $16.86. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 25.5% move on earnings and the stock has averaged a 16.7% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Levi Strauss & Co. $9.51

    Levi Strauss & Co. (LEVI) is confirmed to report earnings at approximately 4:15 PM ET on Tuesday, April 7, 2020. The consensus earnings estimate is $0.35 per share on revenue of $1.47 billion and the Earnings Whisper ® number is $0.37 per share. Investor sentiment going into the company's earnings release has 6% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 7.89% with revenue increasing by 2.48%. Short interest has increased by 37.2% since the company's last earnings release while the stock has drifted lower by 51.6% from its open following the earnings release to be 47.1% below its 200 day moving average of $17.97. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 6.0% move on earnings in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Greenbrier Companies Inc. $13.12

    Greenbrier Companies Inc. (GBX) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, April 7, 2020. The consensus earnings estimate is $0.29 per share on revenue of $800.03 million and the Earnings Whisper ® number is $0.25 per share. Investor sentiment going into the company's earnings release has 35% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 31.82% with revenue increasing by 21.46%. Short interest has increased by 93.0% since the company's last earnings release while the stock has drifted lower by 57.6% from its open following the earnings release to be 50.9% below its 200 day moving average of $26.74. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, April 2, 2020 there was some notable buying of 544 contracts of the $10.00 put expiring on Friday, June 19, 2020. Option traders are pricing in a 21.9% move on earnings and the stock has averaged a 6.2% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    AngioDynamics $9.63

    AngioDynamics (ANGO) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, April 7, 2020. The consensus estimate is for a loss of $0.03 per share on revenue of $68.43 million and the Earnings Whisper ® number is ($0.04) per share. Investor sentiment going into the company's earnings release has 30% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 115.79% with revenue decreasing by 20.74%. Short interest has decreased by 9.7% since the company's last earnings release while the stock has drifted lower by 43.7% from its open following the earnings release to be 39.5% below its 200 day moving average of $15.93. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, March 24, 2020 there was some notable buying of 1,450 contracts of the $12.50 call expiring on Friday, April 17, 2020. Option traders are pricing in a 18.4% move on earnings and the stock has averaged a 8.2% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    RPM International Inc. $56.94

    RPM International Inc. (RPM) is confirmed to report earnings at approximately 6:45 AM ET on Wednesday, April 8, 2020. The consensus earnings estimate is $0.20 per share on revenue of $1.18 billion and the Earnings Whisper ® number is $0.18 per share. Investor sentiment going into the company's earnings release has 36% expecting an earnings beat The company's guidance was for earnings of $0.17 to $0.23 per share. Consensus estimates are for year-over-year earnings growth of 42.86% with revenue increasing by 3.45%. Short interest has decreased by 16.9% since the company's last earnings release while the stock has drifted lower by 25.1% from its open following the earnings release to be 17.1% below its 200 day moving average of $68.67. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 11.9% move on earnings and the stock has averaged a 3.1% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    SMART Global Holdings, Inc. $20.67

    SMART Global Holdings, Inc. (SGH) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, April 7, 2020. The consensus earnings estimate is $0.50 per share on revenue of $268.40 million and the Earnings Whisper ® number is $0.47 per share. Investor sentiment going into the company's earnings release has 57% expecting an earnings beat The company's guidance was for earnings of $0.45 to $0.55 per share on revenue of $265.00 million to $275.00 million. Consensus estimates are for earnings to decline year-over-year by 34.21% with revenue decreasing by 11.73%. Short interest has increased by 22.1% since the company's last earnings release while the stock has drifted lower by 41.2% from its open following the earnings release to be 30.3% below its 200 day moving average of $29.64. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 16.6% move on earnings and the stock has averaged a 14.3% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Lindsay Manufacturing Co. $85.46

    Lindsay Manufacturing Co. (LNN) is confirmed to report earnings at approximately 6:45 AM ET on Tuesday, April 7, 2020. The consensus earnings estimate is $0.49 per share on revenue of $113.67 million and the Earnings Whisper ® number is $0.40 per share. Investor sentiment going into the company's earnings release has 40% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 2,350.00% with revenue increasing by 4.11%. Short interest has decreased by 29.6% since the company's last earnings release while the stock has drifted lower by 13.4% from its open following the earnings release. Overall earnings estimates have been revised lower since the company's last earnings release.

    (CLICK HERE FOR THE CHART!)

    MSC Industrial Direct Co. Inc. $54.32

    MSC Industrial Direct Co. Inc. (MSM) is confirmed to report earnings at approximately 6:30 AM ET on Wednesday, April 8, 2020. The consensus earnings estimate is $0.98 per share on revenue of $789.46 million and the Earnings Whisper ® number is $1.00 per share. Investor sentiment going into the company's earnings release is for earnings to come in-line with estimates The company's guidance was for earnings of $0.97 to $1.03 per share on revenue of $781.00 million to $798.00 million. Consensus estimates are for earnings to decline year-over-year by 20.97% with revenue decreasing by 4.08%. Short interest has decreased by 56.0% since the company's last earnings release while the stock has drifted lower by 30.1% from its open following the earnings release to be 22.7% below its 200 day moving average of $70.32. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 9.3% move on earnings and the stock has averaged a 2.6% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Shaw Communications Inc. $15.62

    Shaw Communications Inc. (SJR) is confirmed to report earnings at approximately 9:00 PM ET on Thursday, April 9, 2020. The consensus earnings estimate is $0.25 per share on revenue of $1.05 billion and the Earnings Whisper ® number is $0.20 per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 8.70% with revenue increasing by 6.24%. The stock has drifted lower by 22.7% from its open following the earnings release to be 19.3% below its 200 day moving average of $19.36. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 13.8% move on earnings and the stock has averaged a 1.8% move 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/stocks.

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

    What are your 'secret' picks?

    Posted: 04 Apr 2020 08:38 AM PDT

    Stocks that don't get mentioned a lot, but have great future and financials. Mine would be:

    • SEDG. Renewable energy, cooperating with Tesla on batteries and stations. Growing a lot, enough cash on hand an assets more than x2 liabilities.

    • LULU. Very healthy company and one of the better subsectors in the retail industry imo. People want to become fit more and more, there's room for another big brand between the Nike and Adidas giants.

    • ISRG. 5 star financials. Assets x4-5 over liabilities, $0 debt, steady increasing revenue. Inventor of the Da Vinci operation robot. Cause hospitals are working overtime these days, I see them creating more budget and maybe moving towards buying these robots to innovate their materials in the upcoming years.

    submitted by /u/CapitalC5
    [link] [comments]

    Warren Buffett.. the man who is known for long term investments, and said you don’t take a loss until you sell.. took a humongous loss today selling $390 million in delta stock among other airlines as well...

    Posted: 03 Apr 2020 06:01 PM PDT

    Do you guys see this as concerning, as if he knows that delta and others are soon going to go bankrupt? Or is he planning on buying back in at a lower price? I would've never expected Warren to make a move like this.

    Edit: This post is to discuss his move and the reasoning behind your thoughts about it. I'm not looking for advice on Delta.

    submitted by /u/crazy_brazy22
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    Today is the 8 year anniversary of the Stop Trading on Congressional Knowledge (STOCK) Act. The law prohibits the use of non-public information for private profit, including insider trading by members of Congress.

    Posted: 03 Apr 2020 11:17 PM PDT

    This is notable given recent questionable trading by more than a few members of Congress.

    https://www.theatlantic.com/ideas/archive/2020/03/congress-insider-trading-problem/608488/

    Even more more notable because it took the SEC 8 years to act on the Madoff Ponzi scheme after they were tipped off about it and given evidence in 2000.

    https://en.wikipedia.org/wiki/Harry_Markopolos

    submitted by /u/toxicmarkets1
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    The real reason why Warren Buffett sold off a portion of his airline stocks

    Posted: 04 Apr 2020 07:44 AM PDT

    I've seen a lot of posts wondering why Warren would sell Delta and Southwest when they are objectively undervalued. The reason is simple:

    After the 2008 financial crisis, the federal government took control over the banks so that a situation like that would ideally never happen again. These "federal" shareholders do not care about profits rather they care about stability. That's why a lot of people have stayed away from owning banks this past decade because they are essentially a federally distributed commodity. For instance, every year they go through a "stress test", where every major bank's balance sheet is put through various economic situations from slightly severe to extremely severe recession input variables. This causes the banks to need to have an insane amount of capital just on hand for a rainy day, instead of in the past, returning that strength of capital back to its shareholders.

    (And before you bring up Warren owning banks this past decade, it's because the banking business model is still objectively a very lucrative business and Warren knows their fat dividends are extremely safe.)

    The same will now be the case for the airlines. If you remember a few weeks ago, there were many articles of airlines refusing the bailout money if it meant the federal government would now own equity. That's because, as mentioned before, federal shareholders don't care about profits. Therefore, these airline stocks will have no incentive to be a lucrative investment rather be a stable utility for citizens.

    That's why Warren sold, he knows the next decade or so will just be these airlines focusing on rebuilding their balance sheets and not focused on giving money to shareholders.

    Here is a great article on this subject: www.wsj.com/amp/articles/flight-attendants-urge-government-not-to-take-airline-stakes-11585738923

    submitted by /u/dillobro
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    Stocks that caught the virus. Winners and Losers

    Posted: 04 Apr 2020 11:24 AM PDT

    Not everything went down in this market. While the virus proved a big drag on some stocks like airlines and cruise lines, it provided boost to others. The losers lost about 50-80% while winners gained 20% since wuhan lockdown.

    submitted by /u/JohnInvest
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    And just like that, the entire day built off of an oil tweet (first mover) then supported by the dilemma moves (public support by producers)...

    Posted: 04 Apr 2020 04:31 AM PDT

    OPEC+ virtual meeting in doubt for Monday after Saudi Arabia sharply criticizes Russia: https://on.mktw.net/3dXVSfk

    Turns into dust because everyone believed the biggest oil countries in the world, with decades of war and hate between them, were somehow about to Kumbaya to super friends the global energy market.

    To say that exceptionally skittish markets love to react to news based on tenuous relationships (at best) is the understatement of the century. So ready to declare the bottom they are about to lose their nut because 23 "just had to be it". Have I got a bridge to sell you.

    I'm obviously not writing about folk that have the power to review long term market trends, but it's just the same missed lessons from decades ago applied to new sector, as if the laws of rationality and game theory aren't a thing.

    Barring a turnaround over the weekend, I'll be looking forward to shorting oil on Monday. Like I end most of my "WTF are you doing" posts that I seem to be populating thos sub with since I got here a couple days ago, here's the lesson... geopolitics and world history is just another indicator. In fact, it's one of the best because it's static. It's not guaranteed, but it's close.

    submitted by /u/sintmk
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    Does a scenario even exist where the market doesn’t keep tanking further?

    Posted: 04 Apr 2020 10:33 AM PDT

    I'm not a stock market expert (clearly!) I like to invest when I can, and I'm still investing.

    I suppose I don't understand how the market can not keep falling. Every disease specialist is saying this thing hasn't peaked, there's no way we're out of our stay-at-home orders within the next month (likely at least 3+ more months), and every day tens of thousands more people lose their jobs, and that trend doesn't look to stop anytime soon.

    In what reasonable scenario would the market start going up in the next 1-2 months? Is it foolish to be investing right now since we know this Covid thing will only get worse?

    submitted by /u/MalachiConstant7
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    US airlines would not need the bailout if they didn't spend their recent enormous profits buying back stock. They could've set up emergency funds. They didn't. The money spent for the stock are gone. Now they are bailed out with taxpayers' money. Mismanagement squared times recklessness = our loss.

    Posted: 03 Apr 2020 06:51 PM PDT

    US airlines would not need the bailout if they didn't spend their recent enormous profits buying back stock. They could've set up emergency funds. They didn't. The money spent for the stock are gone. Now they are bailed out with taxpayers' money. Mismanagement squared times recklessness = our loss.

    US airlines would not need the bailout if they didn't spend their recent enormous profits buying back stock. They could've set up emergency funds. They didn't. The money spent for the stock are gone. Now they are bailed out with taxpayers' money. Mismanagement squared times recklessness = our loss

    "American airlines has spent $12.9 billion over the last six years on its own stock. People are mad because $12.6 billion is what it cost to pay the employees' salaries for an entire year "

    https://www.businessinsider.com/airline-stock-buybacks-versus-employee-compensation-2020-4

    submitted by /u/Androex
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    Why were so many stocks sky-rocketing right before this mess occurred?

    Posted: 04 Apr 2020 08:58 AM PDT

    Companies such as Tesla saw their biggest gains but many had similar phenomenon where they saw their greatest numbers before the fall. What explains this?

    submitted by /u/iamslightlyinsecure
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    When the market closes on a weekday you can look at futures prices to get a sense for the next day. What do you look at on the weekend to get a sense for Monday?

    Posted: 04 Apr 2020 02:28 PM PDT

    Obviously you can generally read news and articles but are there more direct sources of price information? Something highly correlated to SPY that trades on weekends?

    submitted by /u/tending
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    ultimately, the question becomes -- do you even want to own stocks in phony pumped up rally?

    Posted: 04 Apr 2020 05:24 AM PDT

    Let's face it, the fed is propping up the stock market, probably in fishy ways that we are not even aware of. But even if that is not true, the fact is that when you add up unprecedented job losses, plunging GDP, and no visibility what the second quarter will bring....what sort of idiot would be buying equities?

    You have to ask yourself even if stocks go up for some crazy reason, do you want to be holding that much risk?

    Without the artificial stimulus, this market would tank in minutes. What happens when the feeding tube dries up? Time to get the fuck out. Panic-schmanic.

    And that is not even mentioning that stocks were overvalued and due for a correction anyway. Hypothetically, it is possible that the current correction does not even take into account COVID 19 yet. That's for next month.

    submitted by /u/Stanley_McFee
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    Bank of America says bottom is in

    Posted: 04 Apr 2020 08:38 AM PDT

    IBIO

    Posted: 04 Apr 2020 10:27 AM PDT

    Although the price of this stock has been going down, this article reignited my confidence in this stock going up at some point.

    https://www.contractpharma.com/contents/view_online-exclusives/2020-04-03/rapid-delivery-of-medical-countermeasures-amid-pandemic/

    submitted by /u/RickDarylNeganAlpha
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    Best platform in Europe to both short stocks and do long term investments in high amounts?

    Posted: 04 Apr 2020 08:01 AM PDT

    Hi there,

    I am looking for a good platform that has a good app experience (website is optional) in the EU.

    - Looking to short stocks and indexes

    - Invest in commodities such as gold and silver for the long term

    - Invest in international stocks for the long term

    - Low fees, no hidden currency conversion costs

    What can you guys recommend me? I tried DeGiro but I don't really like their mobile interface. And you can't short US stocks there. Trading212 seems to be the best option so far

    submitted by /u/Kickboxer111
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    If you had to take all your savings and invest it in a single company with this virus making all time lows, what company would you buy and why?

    Posted: 04 Apr 2020 01:24 PM PDT

    Reason I am asking is I recently started messing around with the market I have a pretty diverse portfolio loosing and winning but I thought if I put all my eggs in a single basket instead of following all these other companies. I'm looking to invest in the relative short term a year or two. With work I have my own retirement funds.

    submitted by /u/gnorton7
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    Best oil stocks

    Posted: 04 Apr 2020 08:18 AM PDT

    What are your top oil companies that will not go bankrupt . Preferably canadian

    submitted by /u/treborly
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    Does a P/S ratio higher than 1 mean the company is losing money?

    Posted: 04 Apr 2020 10:52 AM PDT

    If a company has a P/S ratio high r than 1, doesn't that technically mean they are loosing money?

    For example if a companies market cap is $500 and their sales are only $250 that mean that there p/s ratio is 2. And doesn't that mean they are loosing more money than they are making?

    submitted by /u/gabrobro
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    What are some undervaluated stocks right now? Tips and inspiration.

    Posted: 04 Apr 2020 05:32 AM PDT

    Feel free to share what stock you picked up already, or plan to pick up and and at what price.

    AGNC - Solid reit, at discount i entered at 8 but shorted, and plan to re-enter about 7 for larger position.

    VDE - Waiting for OIL to drop little more, and then enter in mid 20 s for larger position.

    submitted by /u/mightx
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    Dollar cost averaging in? What are you doing?

    Posted: 04 Apr 2020 12:39 PM PDT

    Who is dipping their toe in with some dollar cost averaging? Say you had 150K lying around. Would you be pouring in 10K every week? Less? More? What's your strategy at the moment? And by pouring in, I mean with your fund manager's portfolio account that has a good, aggressive blend of stocks/bonds. Not individual stock gambling. Or if that's your thing? How have you been adding to your positions? Thanks.

    submitted by /u/AxelFoley9000
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    If you had to pick an airline to invest in, why would it be LUV?

    Posted: 04 Apr 2020 10:12 AM PDT

    I've read a report that LUV is the most financially stable of the airlines. But others love DAL.

    DAL

    Total Debt / Equity TTM : 117.88% Current Assets : 8,249M Current Liabilities : 20,204M Current Long Term Liabilities : 49,174M Net Cash Flow: 8,425M

    LUV

    Total Debt / Equity TTM : 44.53% Current Assets : 5,974M Current Liabilities : 8,952M Current Long Term Liabilities: 16,063M Net Cash Flow: 3,987M

    Am I missing something here, LUV looks like it has less debt and more assets relative to that debt. Sure they are not as large as DAL, and Buffet fan bois listen to his every fart. But I don't have billions to invest in, what do you think? If I am wrong I would like to know so I can learn. Thanks.

    submitted by /u/swirlypooter
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    Look like good investments?

    Posted: 04 Apr 2020 12:07 PM PDT

    Can you tell me what you guys think about HLX, IVR, TRTX, and KOS? They're all around the $.90 - $1- $2 range right now with HLX 52 week AVG being $8, IVR 52 week AVG being $18, TRTX 52 week AVG being $20 , and finally KOS 52 week AVG being $6.

    I'm curious because me and a few of my buddies had done some research on the stock market and have heard from a lot of people that NOW or soon is the time to buy. I'm just curious as to what you guys think I should do to see the most profit. Should I wait a little bit longer? How much should I invest? (Got about $2.5k to play with). Disregard these stocks and look at some other ones that people have confirmed would go up? Invest $500 into each of these stocks? How long would it take for these stocks to go back to normal price?

    Any and all information would help.

    submitted by /u/Remember_Nam
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    What are among the most secure medical/health care stocks out there?

    Posted: 04 Apr 2020 11:54 AM PDT

    If possible any great Canadian ones as well?

    submitted by /u/iamslightlyinsecure
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    Trade price anomaly

    Posted: 04 Apr 2020 05:55 AM PDT

    I am a trading newbie and use Merrill Edge for trading. I noticed that if a buy limit order executes at a price lower than the limit price, the lower execution price shows up on the order. However, once the settlement is done, the holding shows I purchased at the limit price I specified and I can find no trace of the price the order executed at.

    What is going on with this price differential? I was under the impression that if Limit orders execute below the specified buy price, settlement would be at that price.

    Is there something I can do about this other than being more careful with the prices I set?

    submitted by /u/pseddit
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