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    Saturday, May 2, 2020

    Stocks - Buffet's stock market indicator is signalling an imminent crash

    Stocks - Buffet's stock market indicator is signalling an imminent crash


    Buffet's stock market indicator is signalling an imminent crash

    Posted: 02 May 2020 05:04 AM PDT

    Hello everyone, it is my first post here so please go easy on me.

    Came across an article today on Business Insider Singapore that the Buffet Indicator divides the total value of publicly trading stocks by quarterly GDP. At this point in time, it has climbed to a record high and it is used to gauge whether the stock market is overvalued or undervalued.

    Examples, it surged to 118% before the dot-com bubble burst in 2000 a, and topped 100% before the 2008 financial crisis.

    It now sits at 179%, question is, can we rely on this measure? Looking forward to hearing from the community.

    Source: https://www.businessinsider.sg/buffett-indicator-surges-record-high-signaling-potential-crash-2020-4?r=US&IR=T

    submitted by /u/ArganButterOil
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    Warren Buffett says the economy will overcome coronavirus: 'Nothing can basically stop America'

    Posted: 02 May 2020 02:11 PM PDT

    You've heard of April fools, and you know what they say about May.

    Posted: 02 May 2020 12:22 PM PDT

    Hasn't the bull trap been fascinating to watch? What an incredible pendulum swing from the peak of pessimism in March to the wild splendour of predictions of the 'V' shaped recovery.

    Bull charge headfirst into red flags, and bear hibernate. Here we are in the weekend of the first week of May, people's businesses are folding, renters demanding rent breaks, landlords sweating over insolvency and heart attacks just lost top spot in killer diseases to the most contagious virus any of us have ever seen in our lives; but none of this matter. Fed make market big big! Big big forever!

    The bull died on the 28th of March. The market did break. Just because people jumped in to short too early and have been getting roughed up 'Fighting the Fed' it does not change anything. This spectacular 'Unprecedented' rally has not went up any more than historic bull traps. The spiral of reduced wages > reduced spending > reduced business profits > reduced wages (Loop) is still spinning. 'BRR BRR big big' is not improving real GDP.

    People think the market is not making sense, or not doing what it'd do if it was going to crash. This is not true. It's only not doing what you think it should do based upon what the news is telling you. Once we'd seen the drop of March what was to be expected was a bounce from the low and a strong rally up to about 25,000 on the Dow peppered with positive news events. All of us who know how to trade have been waiting for that.

    The market crash is going to be brutal. The second leg of the move will be bigger than the first one. The low of the next drop can be under 50% from the high, and all the reasons people say that can't happen they said for the 2019 low breaking in January, 2020. A time when a 0.5% drop was considered buying the dip.

    What has taken weeks to go up will take hours to come down. A headline will come from no-where and everything you think you know one day means nothing tomorrow.

    I've done a lot of work on this trade. How a trend fails and reverses is something I know a lot about. Whatever you do as an occupation and hobby - I know as much about this as you do about that. This is both my job and passion. I'm betting a lot of money on it, and I got my money by being really good at betting money in markets.

    I think the market is setting up to wipe people out. Your warning sign of this is going to be the arrival of bad news in the coming week and a fall down to break the low of March. Around this time the news may seem to get better - but this will be your final chance to get out at a cheap loss (and yes, I consider a March low exit cheap relative to what June can bring).

    I'm not saying my forecasts are perfect. They are not, but they really have been good enough to do sensationally well during 2020. I've been short from feb. Long during early April and built up a short in the 24,000 - 25,000 Dow range. I'll paste below a walk through of analysis and trades to this point. If you care to, you can check the accuracy of it and decide how useful my perspective is.

    ---

    Find a three year forecast of the Dow Jones bear market of the 2020's here.

    ---

    -----------------------------------------------------------------------------------------------------------------------------------------------------

    The US indices have been forming a bubble over the last 50 years. In 2000 and 2008 we seen the early 'Bear trap' sections of the bubble and then in the following decade we seen enthusiasm become greed and greed become delusion. The 30% gain in the S&P500 through the year 2019 was the final stages of this bubble.

    Here is a post describing us being in the 'Delusion' stage of the bubble in January of 2020.

    The pop of this bubble and the following bear market will not be a nice fast one like the crashes of 2000 and 2008, it will be a more drawn out affair where prices drop far lower. The crash of the 2020's will be more like the crash of the 1930's depression. See the analysis leading to this conclusion here.

    In the months of January and February major US indices traded into the zone where a bubble template would be looking for the top to be made. Read about how this method has worked in previous crashes here. First forecasts in late January were mostly stopped out. There were losing signals on the Dow around 29,300 and some in February at 28,900. Individual stocks shorts done poorly, One exception was the Vanguard dividends index VYM. This did make it's high on the exact price first posted.

    Individual stocks picks done particularly poorly in January. TSLA almost doubled from the first shorting price of 510. Some did a bit better. Like shorting T at 39.

    Later in February more sell signals were generated as price traded briefly over important resistance levels. If price broke back under these it would suggest market weakness. These were 170 on VTI and 29,000 on the Dow. Once these levels were broken the bear market began. In the following days a signal for a 30% drop on the Dow Jones came (and was successful).

    Individual stock picks did much better in February. High prices were signalled in MSFT, BRK, SPCE, GOOG. A high on AMZN was called, but price later traded higher. The best signal generated was a buy on the TVIX from 34 to 800.

    In the month of March , 2020, the bubble popped. Most risk based assets and indices crashed over 30%. First analysis post said to wait for a bounce to sell into, but this was updated before the market opened to say prices could fall 8% and then 30% in March. At this point the TradingView account was suspended. Only one account is allowed, and this was set up specifically for a 2020's bear market. So no further posts or updates were made there.

    On the 3rd of March came the first signal to look for the down move entering somewhere in the 16,000 - 18,000 area on the Dow Jones. Followed by a post on the 16th of March saying we're entering into the bull trap. The low on the Dow would be made around 18,250 on the 23rd of March. From here a rally began which has made a current high of 24,500.

    April of 2020 has been the bull trap month. Some losing signals have been generated in the later couple weeks of April. A few calls on the top of the bull trap have been made. Prices have not went substantially higher, they've just not dropped. A forecast on the 17th of April marks the current high, but it looks like price can trade a bit higher. A post on the 19th of April calls for a crash in the S&P500 to 1,600 within the next 5 - 10 weeks.

    Today is the 25th of April. Over the last two weeks forecasts of a big drop starting have been inaccurate. I very strongly suspect this is akin to the sell signals generated in late January and early February. It's the right idea, but it's just the wrong time. A top in the Dow Jones somewhere in the 24,000 - 25,000

    submitted by /u/2020sbear
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    Why Warren Buffet's cash holding aren't what they appear

    Posted: 02 May 2020 01:28 PM PDT

    This seems to be trending lately, we've all seen it, "Warren Buffett is holding $100+ billion waiting to time the market". While from a simplistic sense this is true, it's much more than that.

    Warren Buffett has long preached that the retail investor, you and I, should invest in an index fund and watch our returns slowly climb. In other words, practice the belief that time in the market beats timing the market. While he's been preaching for us to buy index funds he continues to buy bonds and hold large cash reserves, so why the discrepancy?

    It's important to understand Warren Buffett is not like the rest of us. Unlike the heard of believers out there that think they can time the market and subsequently have far higher returns, Warren Buffett can make this a reality with next to no risk. Warren Buffett doesn't time the market like everyone else, he creates immense value with his cash holdings. He has used his large cash holding to bail out companies during financial downturns leveraging significant future discounts and profits for his company.

    Take Goldman Sachs for example. Warren Buffett famously bailed them out in 2008 with a "small" investment of $5 billion. Sure, the rest of us could have bought $GS stock when it was low as well, but what happens when the bailout doesn't happen and the stock continues to plummet? Warren Buffett didn't simply buy $5 billion worth of stock, he leverage preferred shares and warrants with his cash infusion. Remember, preferred shareholders are the first to get any return on their investment when a company declares bankruptcy. They're similar to bonds in that sense, so Warren Buffett was protecting his investment to a degree in a doomsday scenario. He also carries significant value by having his name associated with a company. His cash infusion helped Goldman Sachs secure more funding. So while it's true Warren Buffett "timed the market" with Goldman Sachs, he did so with terms no retail investor could ever dreamed of.

    The retail investor can attempt to time the market, and at times do so very successfully. However, when Warren Buffett times the market he more or less guarantees himself success, success you and I can not guarantee.

    TLDR; Warren Buffett can just buy an entire company, you and I can't!

    submitted by /u/MotownGreek
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    Warren Buffet's Cash Pile Surges to Record $137 Billion

    Posted: 02 May 2020 05:43 AM PDT

    Warren Buffett's Berkshire Hathaway Inc. spent the first quarter building up cash as the coronavirus slowdown started to grip the U.S.

    • Berkshire ended the period with $137 billion of cash, a record for the conglomerate. That was up almost $10 billion from the end of 2019, while the famed investor spent just a net $3.5 billion buying shares of his and other companies.

    Key Insights

    • Buffett, Berkshire's chairman and chief executive officer, has been on the hunt for higher-returning investments such as acquisitions or stock purchases for years, but has struggled amid what he called "sky-high" prices.
    • Buffett will host Berkshire's annual meeting virtually on Saturday, starting at 3:45 p.m. in Omaha with key deputy Greg Abel by his side. Buffett's longtime business partner, Charlie Munger, won't be in attendance. Follow the TopLive blog here.
    • Berkshire's first-quarter net income plunged to a loss of $49.7 billion, driven by unrealized losses in the massive stock portfolio.
    • Berkshire bought $1.8 billion of stocks on a net basis in the period as the market plunged amid widespread fallout from Covid-19.
    • Berkshire took a more cautious approach to stock buybacks in the first quarter, repurchasing just $1.7 billion. It spent a record $2.2 billion on buybacks during the last three months of 2019.

    Source: https://www.bloomberg.com/news/articles/2020-05-02/buffett-stays-on-the-sidelines-amid-market-tumble-as-cash-climbs

    submitted by /u/Panosmek
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    Thoughts on $AMZN this week and beyond?

    Posted: 02 May 2020 10:20 AM PDT

    I'm curious to know what people's thoughts about Amazon are this week and for the future. I was actually bullish after the earnings report on Thursday. I knew Friday would be bad but then more bad news came out. The request for Bezos to testify is concerning. It is amazing that a company could have this level of bad news twice in 24 hours. Are you all buying/selling or neither?

    Transparency: I own shares at $2400 and bought more yesterday at $2280. I'm a long term investor, not week or day trader, but am losing my confidence.

    submitted by /u/WhiteHoney88
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    Can we really depend on these stock market indicators that’s “indicating” an incoming crash since this economy is due to artificial suppression by governments?

    Posted: 02 May 2020 09:01 AM PDT

    I've been seeing a lot of people posting about buffet's and Cramer's indicators are saying an incoming crash is coming. But can we really rely on those? Normally, these crashes are due to natural business cycles. But nothing like this has ever happened in stock market history where governments systemically shut down the world economy. This is an artificial shut down and suppression of the economy rather than natural market or "invisible hand" at work.

    This isn't even something that buffet has seen. I feel like their indicators aren't reliable.

    Thoughts?

    submitted by /u/concave1947
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    Warren Buffett built up cash and bought only small amounts of stock during the market rout

    Posted: 02 May 2020 11:27 AM PDT

    https://www.cnbc.com/2020/05/02/warren-buffett-built-up-cash-bought-only-small-amounts-of-stock-during-the-stock-market-rout.html

    Berkshire had a record $137 billion in cash and equivalent instruments on its balance sheet at the end of the first quarter, up from about $127 billion at the end of the year, a 10-Q filing showed.

    The company spent just $1.8 billion buying stocks and just $1.7 billion repurchasing Berkshire Hathaway shares.

    submitted by /u/coolcomfort123
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    Thoughts on Eldorado Rosorts (ERI)?

    Posted: 02 May 2020 09:23 AM PDT

    Looks like them buying Caesars might go through soon. I know Casinos are still closed and it might take a while for everything to go back to normal, but ERI should eventually go back up to around 40-50 I would think? What is everyone's thoughts?

    submitted by /u/SleepLessTeacher
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    Most Anticipated Earnings Releases for the trading week beginning May 4th, 2020

    Posted: 02 May 2020 03:38 AM PDT

    Here are the most notable earnings releases for the trading week beginning April 27th, 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 5.4.20 Before Market Open:

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

    Monday 5.4.20 After Market Close:

    (CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

    Tuesday 5.5.20 Before Market Open:

    (CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

    Tuesday 5.5.20 After Market Close:

    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!)

    Wednesday 5.6.20 Before Market Open:

    (CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

    Wednesday 5.6.20 After Market Close:

    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!)
    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #4!)

    Thursday 5.7.20 Before Market Open:

    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #3!)

    Thursday 5.7.20 After Market Close:

    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!)
    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #4!)

    Friday 5.8.20 Before Market Open:

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

    Friday 5.8.20 After Market Close:

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

    NONE.


    Have a great weekend ahead r/stocks.

    submitted by /u/bigbear0083
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    Is anyone worried about holding TSLA stock?

    Posted: 02 May 2020 10:26 AM PDT

    Thanks to Elon Musk's eccentric tweets the stock price has pretty much reached my buy target. My family owns a Tesla and I find their cars to be pretty good, but I'm uncertain about whether Musk's actions will bring a lot more harm in the future. Or, would it be a good idea to short TSLA?

    submitted by /u/SpeedyChingChong
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    Warren Buffett's Berkshire Hathaway sold more than $6 billion in stock in April, its first-quarter earnings show

    Posted: 02 May 2020 02:33 PM PDT

    https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-sold-6-billion-stock-april-2020-5-1029156743

    Warren Buffett's Berkshire Hathaway netted more than $6 billion from stock sales in April, its first-quarter earnings showed.

    The billionaire investor's company was widely expected to deploy a chunk of its $128 billion cash pile last quarter, but instead its reserves grew to $137 billion by the end of March.

    Berkshire posted its biggest-ever quarterly loss of $50 billion, due to about $55 billion in investment losses.

    submitted by /u/Flipping_chair
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    What people opinion on hertz(Htz) ? Is it going to zero? Or have a good chance going back to $15-$20

    Posted: 02 May 2020 02:24 PM PDT

    Pick up 400 share at $4 , is already down 10% , is it worth riding out for price to go back to normal. Even if it take 2+3 year or is it not worth it and most likely going to zero?

    submitted by /u/nofear203
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    Stocks to Watch - Get ready for next week

    Posted: 02 May 2020 12:16 PM PDT

    Hi All. The week ahead will see another steady stream of earnings reports before the April employment report blazes in from the Labor Department on May 8.

    Get some insight and brace yourself: https://alphascala.com/latest-news/top-news/stocks-to-watch-jobs-report-virtual-conferences-and-blue-chips-on-tap/

    If you're lazy reading, you can select text and click play:) (only on Desktop currently)

    Earnings spotlight: Tyson Foods (NYSE:TSN), Shake Shack (NYSE:SHAK), Skyworks Solutions (NASDAQ:SWKS), Freshpet (NASDAQ:FRPT) and Chegg (NYSE:CHGG) on May 4; Marathon Petroleum (NYSE:MPC), Fiat Chrysler Automobiles (NYSE:FCAU), Sysco (NYSE:SYY), Beyond Meat (NASDAQ:BYND), US Foods (NYSE:USFD), DuPont (NYSE:DD), Activision Blizzard (NASDAQ:ATVI), Disney (NYSE:DIS), Prudential (NYSE:PRU), Allstate (NYSE:ALL) and Dominion Energy (NYSE:D) on May 5; CVS Health (NYSE:CVS), General Motors (NYSE:GM), Bunge (NYSE:BG), Barrick (NYSE:GOLD), MetLife (NYSE:MET), T-Mobile US (NASDAQ:TMUS), Etsy (NASDAQ:ETSY), Shopify (NYSE:SHOP), Peloton Interactive (NASDAQ:PTON) and PayPal (NASDAQ:PYPL) on May 6; AmerisourceBergen (NYSE:ABC), JetBlue (NASDAQ:JBLU), Booking Holdings (NASDAQ:BKNG), Raytheon Technologies (NYSE:RTX), Anheuser-Busch InBev (NYSE:BUD), Bristol-Myers Squibb (NYSE:BMY), ViacomCBS (NASDAQ:VIAC), Baidu (NASDAQ:BIDU), Uber (NYSE:UBER), News Corp (NASDAQ:NWSA) and Post Holdings (NYSE:POST) on May 7; and SeaWorld Entertainment (NYSE:SEAS), Cronos (NASDAQ:CRON) and PBF Energy (NYSE:PBF) on May 8.

    M&A tidbits: The Stars Group (NASDAQ:TSG)-Flutter Entertainment (OTC:PDYPF) merger is expected to close on May 5. Also within the casino/gaming sector, keep an eye on Caesars Entertainment (NASDAQ:CZR) and Eldorado Resorts (NASDAQ:ERI) with the New Jersey Control Commission due to meet to discuss the combination of the two casino operators. Shareholder votes are upcoming on the Macquarie takeover of Cincinnati Bell (NYSE:CBB) and the Opus Bank (NASDAQ:OPB)-Pacific Premier Bancorp (NASDAQ:PPBI) merger.

    What is your view? Do we continue to go up in general or are we just before a big drop? SPX500 tested major Fibonacci level but wasn't strong enough: https://alphascala.com/wp-content/uploads/2020/05/Screenshot-2020-05-02-at-21.12.56.png

    submitted by /u/royceelement
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    I want to buy a Nasdaq 100 etf but I'm not sure which one to pick

    Posted: 02 May 2020 01:36 PM PDT

    Hi,

    I'm European citizen so I want to pick a Nasdaq etf in Euro. Plan is to buy every month for 100 € and to stick with that over the next years.

    On "just etfs" I found some different etfs. I wonders why are only so few Nasdaq etfs there. Anyway, I never read about a Nasdaq etf on reddit, most people stick with the sp500. Is there a reason I didn't get? For the etf I picked this one [AIS-AM.MSCI NDQ100 EOC] but before starting the plan I wanted to hear some opinions from people who have more experience. Thank you very much I appreciate it :)

    submitted by /u/wastedyouht
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    20k RTX investment.

    Posted: 02 May 2020 01:23 PM PDT

    Thinking about pumping 20k into RTX, i already own 26 shares. Everyday I read more and more positive things about them. Don't think I've seen a negative news on them.

    Good call?

    submitted by /u/2019Jamesy
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    $0.013 stock price... Why do people trade it?

    Posted: 02 May 2020 05:41 AM PDT

    So I watch NVTRQ and it's currently at $0.013 per share. It has an average volume of 56.8k per day. Why would anyone trade a stock this far down the tubes? Are people actually making money on the $.002 change per in a day? What am I missing?

    submitted by /u/curbyjr
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    APVO

    Posted: 02 May 2020 09:17 AM PDT

    Check out APVO .. swing till next week friday!! Second opinions?

    submitted by /u/PapiYuvi
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    Wall Street Week Ahead for the trading week beginning May 4th, 2020

    Posted: 02 May 2020 06:38 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 May 4th, 2020.

    April's jobs report showing millions out of work looms large in the week ahead - (Source)


    Investors will focus on the slow reopening of the economy in the coming week, as Friday's dismal April employment report is expect to paint a frightening picture of the most rapid job losses in history.


    The unemployment rate is expected to jump from 4.4% to over 16.1% in April, the highest level since 1939, according to Dow Jones. Job losses are estimated to total 22 million, slightly below the entire number of jobs that were recovered since the Great Recession.


    Strategists said the market will likely be able to look past the terrible jobs number as it has done with most bad data, showing the results of a sudden and unprecedented shutdown of the economy.


    "I think people are too gloomy about the unemployment situation. I think they think the unemployment rate is going to rise through the summer," said Stephen Stanley, chief economist at Amherst Pierpont. "I think the unemployment rate probably peaks in May."


    Earnings season continues with dozens more companies reporting first-quarter results and talking about the impact of the virus and shutdowns on their businesses. So far, earnings appear to be down 12.7% in the first quarter, based on actual reports and estimates, according to Refinitiv. A diverse group of companies report, including Walt Disney, General Motors, CVS Health and Bristol-Myers Squibb.


    But investors are watching the restarting of the economy, now underway at some level in many states. "If they go well that's a good thing, but if in a week or two, you start to see some bad virus numbers, that'll be a blow to confidence," said Michael Schumacher, head of rate strategy at Wells Fargo.


    Best April in years

    Stocks started May with a sharp decline Friday, after a 12.7% gain in the S&P 500 in April, its best month since 1987.


    Sam Stovall, CFRA chief investment strategist, said the market had been looking forward to the latest extension of fiscal stimulus, approved by Congress, and comments from the Fed, which reaffirmed after its meeting Wednesday that it will do whatever is needed to help the economy. "Now there's not that much to look forward to," he said, adding the market would react negatively to any resurgence in the coronavirus outbreak.


    "We had a very nice April, the best April since 1938. May is sort of a ho-hum month," said Stovall. "It's in the bottom half in terms of average price change, slightly below average in terms of frequency of an advance. … Just looking at last year, May tends to digest April's gains." The S&P 500′s April gain was its best for the month in 82 years.


    Virus economy

    Economists and market strategists have been tracking the progress of the virus state by state, watching hospitalization rates, new cases and recoveries for clues on how quickly the economy might be able to restart. The economy is expected to have plunged into a deep recession in the second quarter, contracting by 35% or more, after a 4.8% decline in the first quarter.


    Stanley said he expects the unemployment rate to be a better-than-consensus 11.6% in April before it rises again in May. "This is all a stab in the dark," he said.


    "I think it's not going to come down as quickly as it went up," said Stanley. "But I do think you're going to see steady improvement. I think you're going to see millions of people brought back into the payrolls for several months in succession. I think we can get out of the double digits [unemployment] by the end of the summer."


    Some workers are expected to return to their company payrolls as a result of the small business-focused Paycheck Protection Program, which encourages companies to keep workers on their payroll and bring back those who were cut. But that may not show up until May or June as a factor in the jobs data, Stanley said.


    Millions more are expected to have filed for unemployment claims in the week ending May 2, on top of the 30 million who filed in the previous six weeks. Economists say with such big unprecedented numbers, it is difficult to predict the unemployment rate since some people may have been temporarily unemployed and expect to return to work.


    But regardless, the number could be a shocker even though the market has shrugged off the big numbers of jobless claims and focused instead on the virus curve flattening.


    "I think it could spook people," said Schumacher. "In the markets, we've been watching the weekly claims, but everybody knows what unemployment is."


    Stanley said he is also watching Tuesday's ISM nonmanufacturing data, a look at the services sector during April. A cross section of March data shows it was the services sector that took the biggest hit in the shutdowns, and it's unclear how quickly it can recover.


    "There are people who will go and do things as soon as they're allowed to, and there are people who are going to stay home for a month or two longer," he said. "I do think expecting we're going to pack 100,000 people into a football stadium in September is way too optimistic."


    Stanley said some of the steep drop in consumer spending in March was the result of consumers stopping spending on health care, including elective surgery. That actually is an area that can bounce back quickly once the health care system is up and running for non virus related treatments.


    A new 20-year bond

    The Treasury could announce its new 20-year bond on Wednesday, when it discloses its quarterly refunding requirements, Schumacher said. He expects about $21 billion of the new 20-year to be issued in the second quarter.


    The amount of Treasury debt is expected to grow in the second quarter to help fund the growing deficit, made bigger by the trillions the government is spending to combat the virus.


    "The supply announcement we think is significant because you're going to see large auction increases, not just for one month but set in motion for many months to come," said Schumacher. He expects Treasury to announce $330 billion in notes and bonds in the refunding for the second quarter, up from $240 billion in the first quarter.


    Treasury bill issuance is expected at $1.9 trillion in the second quarter but Schumacher expects that to fall to $260 billion in the third quarter. The bills were used to give the Treasury cash to pay for emergency programs and more of that debt will move to long term debt.


    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!)

    US Manufacturing Sector Has Entered a Deep Recession

    It is a foregone conclusion that the US economy has entered recession, led by the consumer, which accounts for more than two-thirds of the US economy based on gross domestic product (GDP). The collapse of consumer spending was evident in March personal consumption expenditures data released on Wednesday that showed a record 7.5% month-over-month drop in consumer outlays. It would have been worse if we weren't stocking our refrigerators and pantries.

    The manufacturing sector is also contracting sharply, not surprisingly given the business shutdowns that began in March. Investors had a glimpse of the extent of the hit to manufacturing in the business investment component of first quarter GDP, which revealed a sharp 8.6% annualized decline, durable goods orders for March, which fell 14.4%, and Markit's preliminary Purchasing Managers' Index (PMI) for manufacturing in April that came in at 36.9, a level consistent with a severe recession.

    Today's Institute for Supply Management (ISM) PMI for manufacturing—the so-called official PMI—provided more evidence of the depth of the manufacturing downturn. As shown in the LPL Chart of the Day, the headline index fell 7.6 points to 41.5, better than Bloomberg's consensus forecast of 36, but a level consistent with prior recessions.

    (CLICK HERE FOR THE CHART!)

    But that's the good news. Peeling back the onion in this report reveals that the headline number was inflated by the supplier deliveries component. Normally, lengthening supplier delivery times reflect strong demand, which prevents suppliers from keeping up. However, in this environment, it reflects supply chain disruptions from lockdowns around the world related to COVID-19.

    The new orders and employment components of the report, which both fell more than 15 points to around 27, are better indicators of where manufacturing activity in the US is right now. The new orders number just missed the December 2008 level of 25.9, while the employment component hit its lowest level since 1949, putting the slump into proper perspective.

    "The more forward-looking components of the ISM report clearly indicate the manufacturing sector is in the midst of one of the sharpest contractions ever," said LPL Financial Equity Strategist Jeffrey Buchbinder. "Given the close relationship between manufacturing activity and corporate profits, the 25% cut to S&P 500 earnings estimates for 2020 that we've seen since March 1 is probably not enough."

    The ISM report points to a sharp upcoming drop in capital investment and a huge hit to earnings in the second quarter—potentially down 40% year over year (FactSet consensus is calling for a 38% year-over-year decline in S&P 500 earnings).

    Looking ahead, while the economic impact of the global lockdowns has been severe, we continue to be reassured by developing plans to reopen the economy, progress toward treatments and vaccines, and the resolve of Americans to get through this. We continue to expect a very strong rebound in manufacturing and the broad economy later this year.


    Global Central Banks All In

    The Federal Reserve (Fed), the European Central Bank (ECB), and the Bank of Japan (BOJ) all met in the last week and while the show of power was minimal compared to recent weeks, they collectively reasserted their resolve to do whatever is necessary to support the global economy through the COVID-19 economic crisis. Rates are being held about as low as they can go, significant new programs to enhance market liquidity and support lending are in place, and, as shown in the LPL Chart of the Day, asset purchases have accelerated. In fact, with April not yet completed, central bank assets have risen over $3 trillion, the biggest two-month jump on record.

    "The central bank response to COVID-19 has been fast, effective, and built to impress," said LPL Financial Senior Market Strategist Ryan Detrick. "And the market is seeing it. It's no coincidence that the market bottomed the day after the Fed rolled out a wide range of new programs addressing key areas of market and economic disruption."

    (CLICK HERE FOR THE CHART!)

    Overview of Recent Central Bank Activity

    The Fed concluded its most recent two-day meeting on Wednesday, April 29. Prior to the meeting the Fed had expanded its program supporting municipalities by lowering the minimum size of the city or county to qualify. The Fed left its target rate unchanged at 0 – 0.25%. Through its policy statement and Fed Chair Jerome Powell's comments, the Fed signaled that it is unlikely to remove its extraordinary policy support anytime soon, and we believe the Fed may hold its policy rate near zero into 2022. Asset purchases are currently open-ended and have expanded to include investment-grade and high-yield corporate exchange-traded funds.

    The BOJ met on Monday, April 27 and announced that it would lift its cap on buying government bonds, making purchases open ended, and triple the size of its corporate bond commercial debt purchases.

    The ECB met on Thursday, April 30 and announced new refinancing operations and that it would ease conditions on long-term loans to banks, encouraging banks to increase lending.

    With interest rates near zero, all major central banks have been expanding their economic support through new programs and increased asset purchases. Central bank are showing that in a time of crisis, their policy response is not limited to setting policy rates or even bond purchases. The expanded activity has all but eliminated the idea that the central banks are out of ammunition, both now and looking forward. There will come a time when these programs will end, balance sheets will unwind, and rates will rise. But until that time, central banks have shown that even prudent support in a time of economic distress is only limited by their imagination, keeping the old investing maxim "Don't fight the Fed" alive even in an age of zero rates.


    Typical May Trading: A Month of Transition with Negative Predisposition

    Once again it is that time of the year where we increasingly see and hear "Sell in May." But when exactly in May is the "best" time to sell? Based upon the last 21 years of data, the best time could be early in May. The month has opened well, on average, recently with strength on the first trading day and on the second trading day for the most part. Afterwards, DJIA, S&P 500, NASDAQ, Russell 1000 and Russell 2000 all tend to drift sideways to lower until around May's sixteenth trading day or so. It is on this day the NASDAQ and Russell 2000 begin to rally to finish the month. Beware though, this late-May rally typically fizzles before it can exceed the highs reached earlier in the month.

    (CLICK HERE FOR THE CHART!)

    This is Still an Election Year

    We have all been rather preoccupied with the coronavirus pandemic, market volatility and our individual situation. Meanwhile there is still a U.S. Presidential Election taking place this year. And folks are beginning to wonder what the next political alignment might be and the ramifications that alignment has had on the market historically.

    Six possible political alignments exist in Washington: Republican President with a Republican congress, Democratic congress or split Congress; and a Democratic President with a Democratic Congress, Republican Congress or split Congress. Data presented in the chart below begin in 1949 with the first full presidential term following WWII.

    (CLICK HERE FOR THE CHART!)

    Election years are traditionally up years. Incumbent administrations shamelessly attempt to massage the economy so voters will keep them in power. But sometimes overpowering events occur and the market crumbles, usually resulting in a change of political control.

    Republicans won in 1920 (DJIA -32.9%) as the post-war economy contracted and President Wilson ailed. The Democrats came back during the 1932 (-23.1%) Depression when the Dow hit its lowest level of the 20th century. A world at war and the fall of France jolted the market in 1940 (-12.7%), but Roosevelt won an unprecedented third term. Cold War confrontations and Truman's historic upset of Dewey held markets down through the end of 1948 (-2.1%). Recently the Great Recession and bear market of 2008 (-33.8%) helped put Obama and the Democrats back in the White House.

    (CLICK HERE FOR THE CHART!)

    10-Day Advance/Decline Lines Running Hot

    The gains in the first half of the week lifted every sector but two—Utilities and Financials—above their 50-DMAs. Meanwhile, Health Care had even touched overbought territory (over 1 standard deviation above its 50-day) earlier in the week, making it the first sector to be overbought since late February.

    When it comes to another measure we monitor, the 10-day advance/decline line, conditions are more broadly appearing overbought. The 10-day advance/decline line measures the average number of daily advancers minus decliners in an index or sector over the last 10 trading days. Very high readings suggest that things have gotten extended in the very near term and downside mean reversion can be expected. Very low reading suggest the opposite.

    The 10-day A/D lines for sectors have been pretty strong recently indicating broad participation in the rally, but this has led these readings to become elevated indicating conditions may be running a bit too hot in the near term. Outside of the defensive sectors like Consumer Staples, Utilities, and Real Estate, every sector's 10-day A/D line has been in overbought territory at some point over the past week. The same can also be said for the 10-day A/D line for the S&P 500. We'd note, though, that while A/D lines are extended, they're not at extreme levels seen at other points over the past year.

    (CLICK HERE FOR THE CHART!)

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


    • $SHOP
    • $ROKU
    • $DIS
    • $TSN
    • $CVS
    • $BYND
    • $PYPL
    • $SQ
    • $ATVI
    • $W
    • $UBER
    • $SRC
    • $PINS
    • $MRNA
    • $REGN
    • $L
    • $JBLU
    • $GOLD
    • $ENPH
    • $SWKS
    • $SPCE
    • $RACE
    • $TTD
    • $WAB
    • $GM
    • $PTON
    • $ALK
    • $ZNGA
    • $TEVA
    • $SYY
    • $OXY
    • $WYNN
    • $NEM
    • $PLUG
    • $TWLO
    • $TREE
    • $LYFT
    • $TMUS
    • $WING
    • $INSG
    • $CHGG

    (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 BEFORE MONDAY'S OPEN!)

    Monday 5.4.20 Before Market Open:

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

    Monday 5.4.20 After Market Close:

    (CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

    Tuesday 5.5.20 Before Market Open:

    (CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

    Tuesday 5.5.20 After Market Close:

    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!)

    Wednesday 5.6.20 Before Market Open:

    (CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

    Wednesday 5.6.20 After Market Close:

    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!)
    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #4!)

    Thursday 5.7.20 Before Market Open:

    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #3!)

    Thursday 5.7.20 After Market Close:

    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!)
    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #4!)

    Friday 5.8.20 Before Market Open:

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

    Friday 5.8.20 After Market Close:

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

    NONE.


    Shopify Inc. $613.64

    Shopify Inc. (SHOP) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, May 6, 2020. The consensus estimate is for a loss of $0.19 per share on revenue of $443.65 million and the Earnings Whisper ® number is ($0.06) per share. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat The company's guidance was for revenue of $440.00 million to $446.00 million. Consensus estimates are for earnings to decline year-over-year by 371.43% with revenue increasing by 38.43%. Short interest has increased by 48.5% since the company's last earnings release while the stock has drifted higher by 7.9% from its open following the earnings release to be 55.6% above its 200 day moving average of $394.27. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, April 21, 2020 there was some notable buying of 2,144 contracts of the $500.00 put and 1,268 contracts of the $820.00 call expiring on Friday, May 15, 2020. Option traders are pricing in a 12.7% move on earnings and the stock has averaged a 6.7% move in recent quarters.

    (CLICK HERE FOR THE CHART!)


    Roku Inc $114.02

    Roku Inc (ROKU) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, May 7, 2020. The consensus estimate is for a loss of $0.45 per share on revenue of $296.58 million and the Earnings Whisper ® number is ($0.41) per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat The company's guidance was for revenue of $300.00 million to $310.00 million. Consensus estimates are for earnings to decline year-over-year by 400.00% with revenue increasing by 43.51%. The stock has drifted lower by 23.6% from its open following the earnings release to be 8.8% below its 200 day moving average of $124.96. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, April 17, 2020 there was some notable buying of 4,743 contracts of the $125.00 call and 4,228 contracts of the $125.00 put expiring on Friday, May 15, 2020. Option traders are pricing in a 14.4% move on earnings and the stock has averaged a 19.8% move in recent quarters. Walt Disney Co $105.50

    (CLICK HERE FOR THE CHART!)


    Walt Disney Co $105.50

    Walt Disney Co (DIS) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, May 5, 2020. The consensus earnings estimate is $0.83 per share on revenue of $18.03 billion and the Earnings Whisper ® number is $0.79 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 48.45% with revenue increasing by 20.83%. Short interest has increased by 34.5% since the company's last earnings release while the stock has drifted lower by 28.0% from its open following the earnings release to be 19.1% below its 200 day moving average of $130.39. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, April 14, 2020 there was some notable buying of 9,916 contracts of the $125.00 call expiring on Friday, June 19, 2020. Option traders are pricing in a 6.9% move on earnings and the stock has averaged a 2.5% move in recent quarters.

    (CLICK HERE FOR THE CHART!)


    Tyson Foods Inc. $60.01

    Tyson Foods Inc. (TSN) is confirmed to report earnings at approximately 7:30 AM ET on Monday, May 4, 2020. The consensus earnings estimate is $1.21 per share on revenue of $11.64 billion and the Earnings Whisper ® number is $1.23 per share. Investor sentiment going into the company's earnings release has 37% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 0.83% with revenue increasing by 11.46%. Short interest has increased by 3.3% since the company's last earnings release while the stock has drifted lower by 25.9% from its open following the earnings release to be 24.5% below its 200 day moving average of $79.45. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, April 27, 2020 there was some notable buying of 2,444 contracts of the $47.50 put expiring on Friday, May 15, 2020. Option traders are pricing in a 8.1% move on earnings and the stock has averaged a 4.5% move in recent quarters.

    (CLICK HERE FOR THE CHART!)


    CVS Health $59.70

    CVS Health (CVS) is confirmed to report earnings at approximately 6:45 AM ET on Wednesday, May 6, 2020. The consensus earnings estimate is $1.63 per share on revenue of $63.07 billion and the Earnings Whisper ® number is $1.67 per share. Investor sentiment going into the company's earnings release has 74% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 0.62% with revenue increasing by 2.31%. Short interest has decreased by 19.2% since the company's last earnings release while the stock has drifted lower by 20.7% from its open following the earnings release to be 8.8% below its 200 day moving average of $65.46. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, May 1, 2020 there was some notable buying of 3,882 contracts of the $62.00 call and 3,579 contracts of the $59.00 put expiring on Friday, May 15, 2020. Option traders are pricing in a 7.1% move on earnings and the stock has averaged a 5.4% move in recent quarters.

    (CLICK HERE FOR THE CHART!)


    Beyond Meat, Inc. $91.53

    Beyond Meat, Inc. (BYND) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, May 5, 2020. The consensus estimate is for a loss of $0.06 per share on revenue of $86.88 million and the Earnings Whisper ® number is ($0.05) per share. Investor sentiment going into the company's earnings release has 55% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 57.14% with revenue increasing by 116.09%. Short interest has increased by 18.5% since the company's last earnings release while the stock has drifted higher by 4.0% from its open following the earnings release to be 17.7% below its 200 day moving average of $111.22. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 22.4% move on earnings in recent quarters.

    (CLICK HERE FOR THE CHART!)


    PayPal $120.61

    PayPal (PYPL) is confirmed to report earnings at approximately 4:15 PM ET on Wednesday, May 6, 2020. The consensus earnings estimate is $0.76 per share on revenue of $4.72 billion and the Earnings Whisper ® number is $0.79 per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat The company's guidance was for earnings of $0.76 to $0.78 per share. Consensus estimates are for earnings to decline year-over-year by 2.56% with revenue increasing by 14.34%. Short interest has decreased by 28.0% since the company's last earnings release while the stock has drifted higher by 6.9% from its open following the earnings release to be 12.5% above its 200 day moving average of $107.22. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, April 16, 2020 there was some notable buying of 8,192 contracts of the $110.00 call expiring on Friday, May 15, 2020. Option traders are pricing in a 6.7% move on earnings and the stock has averaged a 5.0% move in recent quarters.

    (CLICK HERE FOR THE CHART!)


    Square, Inc. $63.00

    Square, Inc. (SQ) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, May 6, 2020. The consensus earnings estimate is $0.13 per share on revenue of $1.30 billion and the Earnings Whisper ® number is $0.10 per share. Investor sentiment going into the company's earnings release has 42% expecting an earnings beat The company's guidance was for earnings of $0.16 to $0.18 per share. Consensus estimates are for year-over-year earnings growth of 8.33% with revenue increasing by 35.51%. Short interest has increased by 1.9% since the company's last earnings release while the stock has drifted lower by 22.6% from its open following the earnings release to be 3.3% below its 200 day moving average of $65.16. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, April 17, 2020 there was some notable buying of 7,655 contracts of the $60.00 put and 7,447 contracts of the $60.00 call expiring on Friday, May 15, 2020. Option traders are pricing in a 10.9% move on earnings and the stock has averaged a 7.0% move in recent quarters.

    (CLICK HERE FOR THE CHART!)


    Activision Blizzard, Inc. $64.72

    Activision Blizzard, Inc. (ATVI) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, May 5, 2020. The consensus earnings estimate is $0.33 per share on revenue of $1.31 billion and the Earnings Whisper ® number is $0.41 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat The company's guidance was for earnings of approximately $0.66 per share. Consensus estimates are for year-over-year earnings growth of 3.13% with revenue decreasing by 28.22%. Short interest has decreased by 37.9% since the company's last earnings release while the stock has drifted higher by 5.5% from its open following the earnings release to be 15.4% above its 200 day moving average of $56.10. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, April 17, 2020 there was some notable buying of 3,850 contracts of the $72.50 call expiring on Friday, May 15, 2020. Option traders are pricing in a 8.3% move on earnings and the stock has averaged a 4.9% move in recent quarters.

    (CLICK HERE FOR THE CHART!)


    Uber Technologies, Inc. $28.39

    Uber Technologies, Inc. (UBER) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, May 7, 2020. The consensus estimate is for a loss of $0.89 per share on revenue of $3.34 billion and the Earnings Whisper ® number is ($0.89) per share. Investor sentiment going into the company's earnings release has 30% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 60.62% with revenue increasing by 7.78%. Short interest has increased by 10.4% since the company's last earnings release while the stock has drifted lower by 28.7% from its open following the earnings release to be 11.5% below its 200 day moving average of $32.08. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 6.9% 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/stocks.

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

    What are you top 10 favorite stocks for the long term?

    Posted: 02 May 2020 10:13 AM PDT

    Curious to hear everyone's top 10 list for set and forget strategies

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

    CVS or RTX

    Posted: 02 May 2020 11:26 AM PDT

    What would be projected the quickest to double investment?

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

    CPE

    Posted: 02 May 2020 01:35 PM PDT

    Showing momentum, earnings coming. With oil prices low could this be risky? Or how high could this go?

    submitted by /u/Mas-Picante
    [link] [comments]

    Multiple Stock Symbols for 1 Organization

    Posted: 02 May 2020 09:44 AM PDT

    Why is it that some organizations have multiple stock symbols with different values? A quick search suggests it's for different markets and whatnot.

    Specifically I'm curious about Aston Martin - ARGGY vs. AMGDF vs. AML.

    Thanks in advance!

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

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