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    Home Unlabelled Stock Market - Wall Street Week Ahead for the trading week beginning June 8th, 2020

    Stock Market - Wall Street Week Ahead for the trading week beginning June 8th, 2020

    June 06, 2020

    Stock Market - Wall Street Week Ahead for the trading week beginning June 8th, 2020

    Wall Street Week Ahead for the trading week beginning June 8th, 2020

    Posted: 06 Jun 2020 09:09 AM PDT

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

    Here is everything you need to know to get you ready for the trading week beginning June 8th, 2020.

    Look for the S&P 500 to turn positive for the year with a boost from the Fed in the week ahead - (Source)

    Federal Reserve Chairman Jerome Powell is expected to reassure markets next week the central bank will do whatever it takes to help the economy heal. That should be enough to keep investors moving into stocks that benefit from an economic rebound and push the S&P 500 into the green for 2020.

    The Fed's two-day meeting is the big event for markets in the coming week. There are a few economic reports, including inflation data, the consumer price index Wednesday and producer prices Thursday. Weekly jobless claims will be important Thursday to see if there's a drop in continuing clams, after May's employment report showed a surprising record gain of 2.5 million jobs.

    The reopening trade was in full swing in the past week, especially Friday when stocks surged on the jobs report, which was expected to show a loss of 8.3 million jobs. The Nasdaq broke above its record high set on Feb. 19, and the S&P 500 was just 1.1% away from turning positive for 2020.

    Even before the jobs report, investors were loading up on financials, industrials, transports and small caps, which were up more than 8% for the week and 18.4% in the past month. S&P financials were 12.1% higher on the week, S&P industrials were up 10.5, and the NYSE airline index jumped more than 35.4.%.

    "I think next week is dominated by the reopening and it will be for another month," said James Paulsen, chief investment strategist at Leuthold Group. "With cyclicals outperforming, small [caps] outperforming, credit spreads coming in and then the bond yields going up, everybody — all facets of the financial markets — are sort of suggesting the same outcome."

    The S&P 500 ended the week at 3,193, a gain of 4.9%, and now traders are watching to see if it can scale the psychological 3,200 level. The Dow closed Friday at 27,110, up 6.8% for the week, and the Nasdaq Composite was up 3.4%, at 9,814 after reaching an intraday record high of 9,845 Friday.

    Analysts say the market will likely look past the protests that broke out in cities across the U.S. after the death of George Floyd in Minneapolis. Four policemen were charged with murder in his death. Looters joined the protests, some of which turned violent, but they quieted down towards the end of the week.

    Stocks were higher for a third week in a row, but a change this past week has been the abrupt lurch higher in Treasury yields. The 10-year rose to a high of 0.95% Friday, a quarter-point move in just three sessions. The move was already underway but got a lift Wednesday when ADP jobs data was not nearly as bad as expected. Yields ripped even higher after the May employment report showed the unemployment rate actually fell to 13.3%, instead of climbing to 20%, as expected by economists.

    Bond strategists said the Treasury market was now acknowledging the potential for a recovery, but not in the exuberant way the stock market has been. Since March 23, the S&P 500 has risen more than 45%, but it took the 10-year Treasury until this week to get back the yield level it was at when stocks bottomed.

    Paulsen said he believes a new bull market has been launched, but there could be pullbacks and some headwinds for the market coming up.

    "When GDP is minus 30%, other issues don't matter. There's just one issue. But as the economy reopens again, the trade battles will matter again, presidential politics will matter again," said Paulsen, adding the budget deficit could also matter. "I think we'll get removed from a sole focus. That isn't quite there but I think it's coming."

    Fed ahead

    The Fed begins its two-day meeting Tuesday, and will release its statement Wednesday afternoon, followed by a video briefing by Powell.

    "Whey would the Fed want to disrupt this with anything?" Paulsen said. "They're still going to support the economy. They're going to stay away from negative rates or yield curve management. They're not going to do anything to scare the markets. They might certainly reassure people that they are still ready to provide support."

    Ethan Harris, head of global economics at Bank of America, said the Fed may clarify where it stands on some of the extraordinary moves it has taken since it cut rates to zero. The Fed has been supporting the markets with asset purchases and multiple programs for commercial paper, corporate bonds, and municipal bonds, for example.

    "We think right now they're just trying to get this Main Street lending program to work. The question is are they going to do more things around what they do in terms of forward guidance and next steps of macro easing," Harris said.

    There has been speculation that the Fed would do some type of so-called yield curve control, a program to keep interest rates capped at certain levels. "I think it's too early for that," said Harris. He said the Fed would be guaranteeing low rates for a long period of time if it does yield curve control.

    "Yield curve control is basically open-ended quantitative easing," he said. The Fed is currently buying Treasurys but if it wanted to stop yields from rising too much as the economy improves, it could make targeted purchases.

    Barclays chief U.S. economist Michael Gapen said it's possible the Fed could announce the yield curve control. "We've said they could implement yield curve control out to three years," he said. "In my mind that matches the length of the horizon of the economic projections."

    Powell has said the economy needs more fiscal help, and he could reiterate those comments Wednesday. President Donald Trump on Friday said he backs more stimulus. So far, the Democrats have put out a marker with their wish list for further spending, but there have been no negotiations.

    There was concern the strong jobs report could make it harder to get buy in for another big spending package. But some economists say the recovery needs a boost and states need funding to fill the holes in their budgets from coronavirus-related spending and a lack of tax receipts.

    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!)

    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!)

    S&P 500 Stocks Outpacing Analyst Price Targets

    This morning's jobs report shocked the financial world -- most notably the economists whose job it is to provide estimates. The consensus estimate among economists for May nonfarm payrolls was projecting a loss of more than 7 million jobs. The actual number that was reported did not just show a smaller than expected job loss, but it actually showed a gain in jobs of more than 2.5 million.

    We're seeing a similar situation play out in the equity analyst community. With the S&P 500 now up 40%+ since its low less than three months ago, the average stock in the index is now trading above its consensus analyst price target that looks 12 months out. Analysts have simply not been able to catch up to the rapid rise we've seen for equity prices.

    It's extremely rare to see share prices move above consensus analyst price targets. We don't have the historical daily data on this, but anecdotally we can't remember a time when the spread has been this wide. As shown below, at the end of 2019 when the S&P finished a massive rally, equity prices were 5.5% below the consensus price target. That was seen as a very tight spread prior to what we're seeing now. At the lows in March, the average share price had dropped all the way to $92.50 compared to an average consensus price target of $143.20. That projected a gain of 54.9% at the time!

    Since March 23rd, the average share price has risen from $92.50 up to $138.40, while the average analyst price target has fallen from $143.20 to $136. Current price targets no longer project a gain for the average S&P 500 stock, but rather a 1.7% drop.

    (CLICK HERE FOR THE CHART!)

    Nasdaq's Historical Run

    At its highs earlier this morning, the Nasdaq Composite was within 2% of its record high from earlier in the year. Besides the steep V-shape of the Nasdaq's pattern over the last four months, the other aspect of the chart that stands out is just how steep the 50-day moving average is trending lately.

    (CLICK HERE FOR THE CHART!)

    To illustrate just how steep the Nasdaq's 50-DMA has become, the chart below shows the daily percentage change of the 50-day going back to 1971. Currently, the Nasdaq 50-DMA is rising at an average of over 0.5% per day. That's an incredible slope and a level that has been exceeded only a handful of times in the Nasdaq's 50-year history.

    (CLICK HERE FOR THE CHART!)

    Big Gains From Smaller Tech

    It's still difficult to fathom the moves in the US equity market over the last four months. The fact that the Nasdaq and more specifically the Technology sector aren't far from record highs is definitely something no one was expecting two months ago. There's an old market saying that equities take the stairs up and the elevator down, but in the latest market cycle, the elevator up was almost as fast as the way down!

    (CLICK HERE FOR THE CHART!)
    (CLICK HERE FOR THE CHART!)

    If you've been following the markets, all you've likely heard up until recently is that large-cap tech, and more specifically, Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), and Facebook (FB), are single-handedly driving the market higher. The reality is not nearly as clear-cut. Given their market caps, the "Big 5" (as they're often referred to) have done a lot of heavy lifting, but in terms of performance, they're hardly the only game in town.

    The table below lists Technology sector stocks in the Russell 3000 with market caps of more than $1 billion that are outperforming all of the 'big 5' tech stocks on a YTD basis. Actually, since Amazon is doing so well relative to the rest of the "big 5" these are all stocks that are outperforming Amazon. If we looked for stocks that were doing better than the average return of the "big 5" the list would be a lot, lot longer (+16.4%).

    Looking through the list of names below, the two top-performing names are Zscaler (ZS) and Twilio (TWLO), which have both more than doubled. Behind these two, DocuSign (DOCU) and Sprout Social (SPT) are both knocking on the door of triple-digits. All 28 of the names listed have market caps of $1 billion, but the average market cap is just over $21 billion, while Nvidia (NVDA) is the largest company on the list with a market cap of $216 billion. For the most part, these aren't names that have been driving the indices, but anyone holding these stocks in their portfolio probably doesn't care!

    (CLICK HERE FOR THE CHART!)

    Best 50-Day Rally Ever

    In many ways, what we've seen so far in 2020 has been both record-breaking and devastating. From the S&P 500 Index peak on February 19 to the bear market lows March 23, stocks lost 33.9%. Now, 50 trading days later, stocks have gained 39.6%, for the largest 50-day rally since the S&P 500 moved to 500 stocks in 1957.

    "There are no rollercoasters that can replicate what stocks have done so far in 2020," exclaimed LPL Financial Senior Market Strategist Ryan Detrick. "Here's the catch though: Big 50-day rallies in the past have taken place near the start of new bull markets, and the returns going out a year were quite bullish."

    As shown in the LPL Chart of the Day, the 39.6% gain in 50 days was the greatest 50-day rally ever, besting the previous best in October 1982. What's important to note here is that many of these rallies took place coming off major market lows, and delivered quite strong returns going out 6 to 12 months.

    (CLICK HERE FOR THE CHART!)

    Although we have near-term worries given this historic run, as some sentiment indicators such as put/call ratios are showing some froth, from a bigger picture perspective, this strong 50-day rally offers a reason to think stock prices may be even higher this time next year.

    2020 In Charts

    2020 is only five months old, but in many ways it is one of the most historic years we've ever seen. "2020 went from moving along nicely, to seeing the worst recession in a generation and the fastest bear market ever," explained LPL Financial Senior Market Strategist Ryan Detrick. "Now stocks are in the midst of one of the best bull runs ever, even though the economy remains extremely weak, thanks to record stimulus and hopes over a vaccine."

    To best sum it all up, here are 10 charts that tell the picture of 2020 so far.

    1.) The 2010s were the first decade in history to go all 10 years without a recession, which of course ended just months into the new decade, as the economy stopped. Stocks gained 13.5% on an annual basis last decade, surprisingly, only the third-best decade over the past four.

    (CLICK HERE FOR THE CHART!)

    2.) This is an election year, and the S&P 500 Index hasn't been lower when a President is up for reelection since FDR in 1940. Although this seemed nearly impossible at the March lows, it is looking like this incredible streak could have a chance in 2020.

    (CLICK HERE FOR THE CHART!)

    3.) One of the first signs something could go wrong in 2020 was stocks fell in January. Historically, this has meant potential trouble for the final 11 months.

    (CLICK HERE FOR THE CHART!)

    4.) As fears over COVID-19 gripped the world, the Dow Jones Industrial Average had its fastest bear market ever, in only 19 days. To put this in perspective, this was the fastest bear market in the 124-year history of the Dow.

    (CLICK HERE FOR THE CHART!)

    5.) Mark Twain said "History doesn't repeat itself, but it often rhymes". Looking at history, every 50 years there has been a terrible pandemic and stocks fell more than 30%. We don't know if the ultimate lows are in this time, but so far, history is rhyming.

    (CLICK HERE FOR THE CHART!)

    6.) More than 20 million people in the US lost their jobs in April, while the unemployment rate soared to near 15%, the highest since the Great Depression. Record drops in manufacturing, industrial production, retail sales, and consumer spending have all taken place in the past two months as well.

    (CLICK HERE FOR THE CHART!)

    7.) A recession is here, ending the streak of 128 months in a row without one. What is unique about the previous expansion was nominal gross domestic product (GDP) grew only 50%, about the average growth seen during the previous expansions, but this expansion was nearly twice as long as the average expansion (10 years versus 5 years).

    (CLICK HERE FOR THE CHART!)

    8.) The bounce off of the March 23 S&P 500 lows has been historic in many ways. In fact, it was one of the best 20-day rallies ever, with previous best rallies seeing strong returns 6 and 12 months later.

    (CLICK HERE FOR THE CHART!)

    9.) As scary as it was on the way down, stocks have come roaring back, gaining more than 35% from the March 23 lows. This would classify as the greatest bear market bounce ever, which opens the question: is this more than a bear market bounce and instead the start of a new bull market?

    (CLICK HERE FOR THE CHART!)

    10.) The number of COVID-19 tests in the US nearly doubled in May versus what was seen in April. Additionally, fewer and fewer tests are coming back positive. Testing is one of the key ways we will beat this and this is a step in the right direction. We've also seen new monthly lows in people on ventilators, in the ICU, and in hospitals.

    (CLICK HERE FOR THE CHART!)

    Hard to believe, but there are still 7 months left in 2020. It hasn't been easy for any of us, and we continue to keep everyone impacted by this pandemic in mind, but we continue to see the glass as half full. The dual benefit of record monetary and fiscal policy should help create a bridge to help those most impacted, while the economy can slowly come back online later this year.

    STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending June 5th, 2020

    (CLICK HERE FOR THE YOUTUBE VIDEO!)

    STOCK MARKET VIDEO: ShadowTrader Video Weekly 6.7.20

    ([CLICK HERE FOR THE YOUTUBE VIDEO!]())

    (VIDEO NOT YET POSTED!)

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

    • $ADBE
    • $UNFI
    • $CHWY
    • $TIF
    • $LULU
    • $COUP
    • $SFIX
    • $LOVE
    • $NEPT
    • $GHM
    • $REVG
    • $GME
    • $HDS
    • $FIVE
    • $SIG
    • $CASY
    • $CVGW
    • $AMC
    • $FCEL
    • $QTNT
    • $PLCE
    • $CHS
    • $THO
    • $GCO
    • $BF.B
    • $LMNR
    • $WSG
    • $PRTY
    • $GES
    • $BBCP
    • $CONN
    • $HEXO
    • $PHR
    • $PVH
    • $RRGB
    • $PLAY
    • $TNP
    • $JW.A
    • $SB
    • $GSM
    • $SRT
    (CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
    (CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)

    Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

    Monday 6.8.20 Before Market Open:

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

    Monday 6.8.20 After Market Close:

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

    Tuesday 6.9.20 Before Market Open:

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

    Tuesday 6.9.20 After Market Close:

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

    Wednesday 6.10.20 Before Market Open:

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

    Wednesday 6.10.20 After Market Close:

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

    Thursday 6.11.20 Before Market Open:

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

    Thursday 6.11.20 After Market Close:

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

    Friday 6.12.20 Before Market Open:

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

    NONE.

    Friday 6.12.20 After Market Close:

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

    NONE.

    Adobe Inc. $392.90

    Adobe Inc. (ADBE) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, June 11, 2020. The consensus earnings estimate is $2.33 per share on revenue of $3.17 billion and the Earnings Whisper ® number is $2.39 per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat The company's guidance was for earnings of approximately $2.35 per share. Consensus estimates are for year-over-year earnings growth of 26.63% with revenue increasing by 15.51%. Short interest has increased by 3.0% since the company's last earnings release while the stock has drifted higher by 25.6% from its open following the earnings release to be 23.1% above its 200 day moving average of $319.27. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, May 19, 2020 there was some notable buying of 3,194 contracts of the $410.00 call expiring on Friday, June 19, 2020. Option traders are pricing in a 4.8% move on earnings and the stock has averaged a 6.6% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    United Natural Foods, Inc. $20.78

    United Natural Foods, Inc. (UNFI) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, June 10, 2020. The consensus earnings estimate is $1.41 per share on revenue of $6.67 billion and the Earnings Whisper ® number is $1.42 per share. Investor sentiment going into the company's earnings release has 78% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 131.15% with revenue increasing by 11.86%. Short interest has decreased by 16.0% since the company's last earnings release while the stock has drifted higher by 202.5% from its open following the earnings release to be 96.1% above its 200 day moving average of $10.60. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, June 2, 2020 there was some notable buying of 2,226 contracts of the $22.50 call expiring on Friday, June 19, 2020. Option traders are pricing in a 17.7% move on earnings and the stock has averaged a 15.1% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Chewy, Inc. $48.44

    Chewy, Inc. (CHWY) is confirmed to report earnings at approximately 4:10 PM ET on Tuesday, June 9, 2020. The consensus estimate is for a loss of $0.11 per share on revenue of $1.55 billion and the Earnings Whisper ® number is ($0.09) per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 37.50% with revenue increasing by 39.78%. Short interest has increased by 37.9% since the company's last earnings release while the stock has drifted higher by 37.5% from its open following the earnings release to be 56.4% above its 200 day moving average of $30.97. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 5.8% move on earnings in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Tiffany & Co. $121.99

    Tiffany & Co. (TIF) is confirmed to report earnings at approximately 6:40 AM ET on Tuesday, June 9, 2020. The consensus earnings estimate is $0.21 per share on revenue of $646.40 million. 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 79.61% with revenue decreasing by 35.56%. Short interest has decreased by 26.5% since the company's last earnings release while the stock has drifted lower by 4.7% from its open following the earnings release to be 1.9% above its 200 day moving average of $119.75. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, June 5, 2020 there was some notable buying of 9,022 contracts of the $110.00 put expiring on Friday, August 21, 2020. Option traders are pricing in a 6.2% move on earnings and the stock has averaged a 3.5% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    lululemon athletica inc. $319.78

    lululemon athletica inc. (LULU) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, June 11, 2020. The consensus earnings estimate is $0.28 per share on revenue of $724.78 million and the Earnings Whisper ® number is $0.30 per share. Investor sentiment going into the company's earnings release has 47% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 62.16% with revenue decreasing by 7.35%. Short interest has increased by 53.3% since the company's last earnings release while the stock has drifted higher by 66.1% from its open following the earnings release to be 46.8% above its 200 day moving average of $217.77. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 4, 2020 there was some notable buying of 1,385 contracts of the $350.00 call expiring on Friday, June 19, 2020. Option traders are pricing in a 9.4% move on earnings and the stock has averaged a 7.9% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Coupa Software $216.94

    Coupa Software (COUP) is confirmed to report earnings at approximately 4:05 PM ET on Monday, June 8, 2020. The consensus earnings estimate is $0.07 per share on revenue of $111.83 million and the Earnings Whisper ® number is $0.10 per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat The company's guidance was for earnings of $0.06 to $0.08 per share on revenue of $112.00 million to $112.00 million. Consensus estimates are for year-over-year earnings growth of 450.00% with revenue increasing by 37.48%. Short interest has increased by 7.9% since the company's last earnings release while the stock has drifted higher by 94.9% from its open following the earnings release to be 40.3% above its 200 day moving average of $154.59. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 4, 2020 there was some notable buying of 1,085 contracts of the $220.00 call expiring on Friday, June 19, 2020. Option traders are pricing in a 12.7% move on earnings and the stock has averaged a 9.8% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Stitch Fix, Inc. $24.96

    Stitch Fix, Inc. (SFIX) is confirmed to report earnings at approximately 4:05 PM ET on Monday, June 8, 2020. The consensus estimate is for a loss of $0.17 per share on revenue of $401.40 million and the Earnings Whisper ® number is ($0.13) per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat The company's guidance was for revenue of $465.00 million to $475.00 million. Consensus estimates are for earnings to decline year-over-year by 342.86% with revenue decreasing by 1.83%. Short interest has increased by 4.0% since the company's last earnings release while the stock has drifted higher by 66.4% from its open following the earnings release to be 19.1% above its 200 day moving average of $20.96. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, June 2, 2020 there was some notable buying of 5,092 contracts of the $25.00 call expiring on Friday, June 12, 2020. Option traders are pricing in a 21.2% move on earnings and the stock has averaged a 13.6% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Lovesac Company $17.84

    Lovesac Company (LOVE) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, June 9, 2020. The consensus estimate is for a loss of $0.69 per share on revenue of $48.22 million and the Earnings Whisper ® number is ($0.65) per share. Investor sentiment going into the company's earnings release has 52% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 2.99% with revenue increasing by 17.73%. Short interest has increased by 20.5% since the company's last earnings release while the stock has drifted higher by 109.9% from its open following the earnings release to be 31.5% above its 200 day moving average of $13.57. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 20.1% move on earnings in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Neptune Wellness Solutions Inc. $3.14

    Neptune Wellness Solutions Inc. (NEPT) is confirmed to report earnings after the market closes on Wednesday, June 10, 2020. The consensus estimate is for a loss of $0.08 per share on revenue of $6.32 million and the Earnings Whisper ® number is ($0.10) per share. Investor sentiment going into the company's earnings release has 63% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 100.00% with revenue increasing by 48.36%. Short interest has decreased by 4.7% since the company's last earnings release while the stock has drifted higher by 56.2% from its open following the earnings release to be 6.4% above its 200 day moving average of $2.95. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, May 19, 2020 there was some notable buying of 2,960 contracts of the $3.00 call expiring on Friday, June 19, 2020. The stock has averaged a 8.1% move on earnings in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Graham Corporation $15.58

    Graham Corporation (GHM) is confirmed to report earnings at approximately 6:30 AM ET on Wednesday, June 10, 2020. The consensus earnings estimate is $0.12 per share on revenue of $32.00 million. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 50.00% with revenue increasing by 35.36%. Short interest has increased by 89.8% since the company's last earnings release while the stock has drifted lower by 21.7% 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!)

    DISCUSS!

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

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

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

    Most Anticipated Earnings Releases for the trading week beginning June 8th, 2020

    Posted: 06 Jun 2020 07:51 AM PDT

    Cloudflare & CloudflareTV - A visual guide to CDNs, Networking, and the Cloud for non-technical investors.

    Posted: 06 Jun 2020 07:56 PM PDT

    https://github.com/Sheilf/Investment-Research/blob/master/Cloudflare.md

    - 40c NET 8/21

    Github link so you guys can see inline pictures with captions since mods in investing forums wont let us epic DD threads anymore

    https://user-images.githubusercontent.com/37036296/83950335-dbc63600-a7de-11ea-8307-c31c08faf49d.png

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

    I've started to get good at picking stocks to invest my money in, but what indicators should I be looking for to know when to sell a stock?

    Posted: 06 Jun 2020 08:30 PM PDT

    For instance, I bout NDAQ at $82 and it is hovering around $118 currently. The @2 month forecast puts it at $130 and I believe it has a chance to go higher if the economy does well in the next few months. On the flip side, I've made good money so far and could cash out and look for something else. I am also in the same boat with GS. I bought at $196 and the forecast is Places ng it at almost $300 in the next 12 months. What indicators do you use to know when to sell?

    submitted by /u/dogfartsnkisses
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    For all of you who PM-ed me for MY portfolio TEMPLATE ....

    Posted: 06 Jun 2020 02:04 PM PDT

    i thought I put out a post as I'm getting too much PM for the template I used.

    Let me be clear that I'm not the owner or the creator, so i can't help you with any troubleshooting etc. I got it off an FB group.

    Otherwise, this is a screenshot of my "DASHBOARD" that people seem to be interested.

    I got it after subscribing that's all

    submitted by /u/fomo_everyday
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    Delayed action on new Corona Bill... Will we see a dip this week?

    Posted: 06 Jun 2020 04:05 PM PDT

    Congress is delaying another Corona and package because the jobs report was stronger. If the fed takes a break from printing money, or even talks about talking a break, will we see a dip?

    submitted by /u/Sorrynomustard
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    Stock Certificate

    Posted: 06 Jun 2020 07:43 AM PDT

    Does anyone know if it's still possible to get an actual stick certificate? I want to start educating my son on the stock market and you love to get him some actual certificates from his favorite companies. Thanks.

    submitted by /u/BigNelly1985
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    Best investing podcasts and Youtubers and websites?

    Posted: 06 Jun 2020 12:10 AM PDT

    Hey what are your guys favorite investing podcasts and investing Youtubers? and why?

    I am trying to dive deeper into investing and I would love to hear experts talking about investing and hearing their opinions.

    Oh also what do you guys think is better financial news site: CNBC or Yahoo Finance. Also what do you guys think about Investors place?

    Thank you !

    submitted by /u/victoryknocks1000
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    so what's next for airlines?

    Posted: 06 Jun 2020 03:00 AM PDT

    Do you think AAL has run out of steams? It jumped to 35% on friday but closed at around 12% and went as low as 7% or something during the day. Similar with SAVE.

    Is airline still attractive after the runup? AAL is only like 30% below the pre-covid level. How much room has it got left to run up? The recovery still gonna take time and is uncertain so there must still be a risk discount.

    Do you think the run for airlines is over?

    submitted by /u/verbotenh
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    Hello everyone. I’m fairly new to stock trading and I have in the past heard that in order for there to be winners in the stock market there has to be losers. Is that a true statement ? Or is that not necessarily true?

    Posted: 06 Jun 2020 02:32 PM PDT

    Does there have to be losers in order for there to be winners ? To frame the question again, are winners in the stock market dependent on people losing in he market ? Thank your for any and all responses.

    submitted by /u/solitudeisdiss
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    Apple's Stock Price Hits a New All-Time High

    Posted: 05 Jun 2020 09:59 PM PDT

    https://www.macrumors.com/2020/06/05/apple-stock-all-time-high/

    Roughly four months after hitting an all-time high just before financial markets and economies faltered in the face of the current public health crisis, Apple's stock price has returned to those levels and has set a new all-time high today.

    Apple's previous intraday high of $327.85 was set on January 29, and that high-water mark was surpassed just a few minutes ago as it hit $328.00 before pulling back slightly. Apple's share price had fallen as low as $212.61 on March 23 before beginning a fairly steady march back up. The company's all-time closing high is $327.20, set on February 12.

    Apple is up over $4.00 today amid broader market gains as U.S. employment numbers for the month of May released today came in with an unexpected increase.

    Apple's stock also set a record-high closing price of $331.50 after hitting an intraday high of $331.75 shortly before the close.

    submitted by /u/CapitalDetective
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    SNAP - 29.4B?

    Posted: 06 Jun 2020 01:22 PM PDT

    SNAP broke through its 52-week high Friday. Even outside of Covid, this stock has had a topsy-turvy history. What's your sentiment? Is this company on the rise?
    Is the app still "cool"?

    submitted by /u/Stygianwyrm
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    Livestream Tomorrow, 6/7/2020 at 7PM Eastern in the Official /r/StockMarket Discord: How to Analyze a 10K Report, Starring GNUS

    Posted: 06 Jun 2020 08:14 AM PDT

    Hi /r/StockMarket!

    Tomorrow evening, 6/7/2020 at 7PM ET we'll go over the key components in a 10K filing (the company's "annual report") as a critical first step in your DD process. As an example we'll be looking at the 10K of the recently high-flying Genius Brands International (GNUS). I know absolutely nothing about this company as I write this message, other than the fact that it recently rose from under $1 to almost $12, and then crashed back to $6 in one day, so it should be interesting to say the least.

    As always I'll share my screen, stream it live on Twitch in the #twitch_stream channel and record it and upload it to YouTube afterwards in the #archived_streams channel in case you can't make it.

    Here are the details and relevant links:

    DATE: Sunday, 6/7/2020 (tomorrow!)

    TIME: 7PM Eastern sharp!

    LOCATION: Official /r/StockMarket Discord - Live Chat Channel

    Note: If the above link doesn't go directly to the channel, click here to go to the main Discord server and look for the "#live_chat" channel under "Weekly Analysis Chat". The Twitch stream will be in the #twitch_stream channel or accessible directly via this link.

    See you all tomorrow evening at 7PM ET sharp!

    submitted by /u/ghostofgbt
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    Fidelity vs WeBull

    Posted: 06 Jun 2020 12:58 PM PDT

    What are yall's thoughts on Fidelity and WeBull in terms of their interfaces, mobile apps and what they offer? I have accounts on both but I'm pretty torn between the two

    submitted by /u/ballislife4328
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    Why is IVR/MFA still down compared to other REIT’s?

    Posted: 06 Jun 2020 12:25 PM PDT

    Hey guys I'm considering investing a lot into IVR because it seems to be down a ton in comparison to other similar stocks. IVR also seems to keep a pretty stable price over the last decade which leads me to believe it is undervalued. What are your guys opinions on these stocks or also if you could please enlighten me about this sector in the market.

    I've made a lot on boeing this last month and I'm looking for something else undervalued without massive risk of losing it all. Any insight about anything related to this sector or these stocks is greatly appreciated!!

    submitted by /u/Throwaway181181181
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    Is there a broker that offers extended hours paper trading?

    Posted: 06 Jun 2020 03:46 PM PDT

    Hello, I would like to practice my trading strategy but it is quite contingent on the movement of stocks after hours. Is there a paper trading platform that allows EXTO trading (pre and post market)? Thank you!

    submitted by /u/fyckh
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    NYSE company stock?

    Posted: 06 Jun 2020 07:50 AM PDT

    Hey fellas! I'm wondering about investing in the stock of the NYSE company, and I couldn't find it after an hour of searching. Would totally appreciate it if someone will send the link here to the stock, or of course explain why there isn't such a stock. Thanks alot!!

    submitted by /u/OmahaBeach44
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    Guess this stock!

    Posted: 06 Jun 2020 10:35 AM PDT

    Found this recent blog post on Medium. I wonder what stock is he talking about.

    Link

    submitted by /u/dmoney4lyf
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    NVAX director acquires shares of stock

    Posted: 06 Jun 2020 08:11 AM PDT

    Consolidating portfolio for Long Term

    Posted: 06 Jun 2020 08:03 AM PDT

    With the COVID-19 madness slowly ramping down (for now) and most of the country re-opening, im beginning to re-evaluate my portfolio.

    My plan is to wait until there is some form of vaccine or treatment for COVID-19 announced. Once it is mass production, I will begin consolidating and DCAing for the next 10 years or so.

    My thought process is to sell off and reinvest that money back into like 6-8 or so of my strongest long term holds.

    Right now, ive been thinking those are VTI, MSFT, V, GOOG, DIS, JPM and AMD (TSLA as well, but at current prices/volatility, keeping that percentage low).

    -VTI 22%

    -MSFT 11%

    -V 11%

    -GOOG 6%

    -DIS 7%

    -JPM 6%

    -SQ 5%

    -AMD 6%

    -DKNG 3%

    -JNJ 3%

    -SBUX 3%

    -TSLA 0.5%

    -XOM 3%

    What are the thoughts on this strategy? Anything you would change?

    EDIT: fully aware I have a boring and pretty mainstream portfolio - personally I dont care. Not here to be "cool", im here to make my money grow.

    EDIT 2: for context, im 24 and a huge techie. My goal is long term growth. This is strictly my general investing portfolio, I do have a 401k, a Roth IRA, and money in crypto.

    submitted by /u/MajinJuuu
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    Jobs data

    Posted: 06 Jun 2020 03:37 AM PDT

    Hi all

    I am new watcher of economic data and stats and I am interested in your feedback. Looking at the last jobs report 'household data' it seems the US gained c.2m jobs but the actual method is actually surveying 60k householders and extrapolating the number according to different ratios to the whole population (that what I understood, correct me if i am wrong). On the other hand we have the jobless claims which I consider hard data (we dont have alot of those in term of quality since most data points are lagging and survey-based while this is not) since people actually get something and claiming benefits. I would actually weigh the jobless claims data over BLS data, but apparently the market sees it differently maybe because of the size of the surprise + fomo + fed.

    I feel this is an overreaction. Happy to hear your thoughts.

    submitted by /u/playerCR
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    Short entry

    Posted: 06 Jun 2020 03:27 AM PDT

    After months of hard work day in day out i to found a statistical pattern (90% win rate). The only problem i have is that i find making an entry difficult. When a level x gets crossed, i know almost for sure that the stock will reverse and drop to another level (y).* y is situated below x). I know it will mostlikely reverse (90%), just dont know when or what I should be looking for. They say 'short the lower high, but that's relative to the timeframe right? Thanks for your time

    submitted by /u/TPOISVP
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    Help - Resources for Learning (books?)

    Posted: 06 Jun 2020 06:13 AM PDT

    I know the general sentiment among seasoned traders right now about how many new investors have entered the market... However, I recently began to reallocate some cash savings to the market and opened an etrade account for my 3 children. I've done well so far but the stocks I purchased were a no brainer even for a novice given the recent volatility. I'd like suggestions for books or other resources that will help teach the basic fundamentals of investing in the market - understanding balance sheets, strategy, options, indicators, etc... My true respect to people who don't have a strong finance background and have done well trading - this shit is a little overwhelming. Would love to learn alongside my kids and diversify my assets.

    submitted by /u/In10nt
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    What are the best industries to invest in right now?

    Posted: 06 Jun 2020 06:01 AM PDT

    I'm thinking that airlines are a no-brainer.

    The pub/bar/drinking industry in the UK (I'm from there) will boom like never before.

    Amazon makes sense because of the amount of home shopping that people are doing right now and will continue to do.

    The pharmaceutical industry is worth looking into (cure for Covid-19 etc).

    Food, preferably fast food chains, should see a growth explosion. Just judging by how many McDonalds drive-thus are busy here in the UK (like, a 40-100 car-deep que for HOURS), when business returns to normal and people can sit in their again it will explode.

    So food, drink, home shopping, airlines and possibly the hospitality industry (hotels/spas/gyms etc) will blow.

    Any more?

    submitted by /u/ThrowawayYAYAY2002
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