12/6/2019
Option Trade Ideas for your Inbox! Get 2 Free Strategies for 60 days email support@tradewise.com or call 877.733.6786*
Ride-Sharing Nightmare
Shares of LYFT (LYFT) fell nearly 5% in yesterday’s session after news surfaced of a pending lawsuit over rider safety. Counterpart, Uber (UBER) also just reported 3,000 reports of sexual assault over the last year as both ride-sharing companies try to navigate various nuances of their disruptive services. Various tax and permit issues recently announced also act as a headwind with both companies trading at December lows.
Bank on It!
Shares of JP Morgan Chase (JPM) have launched to new highs near $135 after a 4th straight session of gains look to be shaping up. Today’s solid jobs report is the likely candidate which helped to push shares another 1.7% higher. Overall, JPM is trending 13.5% to the upside since the beginning of October with interest rates creeping north as the bank appears to be hitting on all cylinders.
$300 Club
Biogen Inc. (BIIB) saw a wild range in yesterday’s session after positive data on their Alzheimer’s drug candidate was released. Shares were down 3% early on before a stock halt saw BIIB reverse higher by the same amount in the same session. The Biotech company has seen erratic movement all year, but appears to be trying to break back above recent highs to recapture the $300 level.
Pre-Market Movers and Shakers
U.S. Jobs report saw a 266K addition vs. 187K estimate
S&P 500 futures (/ES) +0.7% near 3139
U.S. Crude Oil futures (/CL) -0.25% near $58.15 a barrel
ULTA Beauty Inc.(ULTA) +8.5% near $256 after smashing Q3 estimates
Major Economic Reports:
7:30 am CT – Employment Situation
9:00 am CT – Consumer Sentiment
9:00 am CT – Wholesale Trade
12:00 pm CT – Baker-Hughes Rig Count
2:00 pm CT – Consumer Credit
Notable Earnings:
Friday– 12/6:
A.M. – N/A
P.M. – N/A
Monday– 12/9:
A.M. – JT, THO
P.M. – CDMO, CHWY, MDB, MTN, PHR, ROAD, SFIX, TOL
Option Trade Ideas for your Inbox! Get 2 Free Strategies for 60 days email support@tradewise.com or call 877.733.6786*
*Follow us on Twitter @TradeWise
**BOLD above indicates important and potential market-moving news and information
TradeWise Advisors is offering a free trial for 2 trading strategies for 60 days each: Use coupon code Marketblog to apply this trial on your current account at www.tradewise.com or contact us at support@tradewise.com
12/5/2019
Option Trade Ideas for your Inbox! Get 2 Free Strategies for 60 days email support@tradewise.com or call 877.733.6786*
Flying the friendly skies
United Airlines (UAL) CEO Oscar Munoz will transition to the role of Executive Chairman of the Board of Directors for United Airlines Holdings, in May 2020. Current President of United Airlines Scot Kirby will become the company’s new chief executive officer. Mr. Munoz joined United as CEO in September 2015 after serving as president and chief operating officer of railroad operator CSX Corp. (CSX). Mr. Kirby joined in 2016 from American Airlines (AAL). Shares are up modestly.
It’s got to be the shoes
The athletic footwear and apparel maker Nike (NKE) is up 2.3% in premarket after an upgrade to a buy from neutral at Goldman Sachs (GS) and added was to the firm’s "Conviction Buy" list. Goldman believes Nike in on the verge of sharp acceleration in earnings growth, with China being a key driver. The news pushes shares back within range of its all-time high of $96.87.
This time dollars are falling from the tree
The dollar store operator Dollar General (DG) shares are surging this morning after reporting earnings of $1.42 per share from $1.26 a year ago, beating estimates by 4 cents a share. Revenue also beat estimates with sales of $7 billion for the quarter, up from $6.4 billion a year ago. The company also raised its full-year forecast and added $1 billion to its share repurchase program. Shares are reversing higher by an impressive 2.7% after 5 straight losing sessions forced DG to a 3 mo. low earlier this week.
Pre-Market Movers and Shakers
S&P 500 futures (/ES) +0.26% near 3120
U.S. Crude Oil futures (/CL) +0.53% near $58.74 a barrel
United Airlines (UAL) +0.70% near $88.80, after CEO Oscar Munoz announced he is stepping down as CEO in May 2020
Nike (NKE) 2.3% near $95.70, after Goldman Sachs upgrade
Dollar General (DG) +2.7% near $157.80, after earnings top estimates and raised guidance
Slack Technologies (WORK) +4.6% near $22.65, after the company raised its full-year outlook and added more corporate users in the latest quarter
Five Below (FIVE) +6.3% near $125.50, after discount retailer sales beat estimates
Major Economic Reports:
6:00 am CT – MBA Mortgage Applications
7:15 am CT – ADP Employment Report
8:45 am CT – PMI Services Index
9:00 am CT – ISM Non-Manufacturing Index
7:30 am CT – Corporate Profits
9:30 am CT – EIA Petroleum Status Report
3:30 pm CT – Fed Balance Sheet
3:30 pm CT – Money Supply
2:00 pm CT – Consumer Credit
Notable Earnings:
Thursday– 12/5
A.M. – DG, KR, PLCE, SIG, TIF
P.M. – AOBC, CLDR, CRWD, DOCU, OKTA, ULTA, ZM
Friday – 12/6
A.M. – N/A
P.M. – N/A
Option Trade Ideas for your Inbox! Get 2 Free Strategies for 60 days email support@tradewise.com or call 877.733.6786*
*Follow us on Twitter @TradeWise
**BOLD above indicates important and potential market-moving news and information
TradeWise Advisors is offering a free trial for 2 trading strategies for 60 days each: Use coupon code Marketblog to apply this trial on your current account at www.tradewise.com or contact us at support@tradewise.com
12/4/2019
Option Trade Ideas for your Inbox! Get 2 Free Strategies for 60 days email support@tradewise.com or call 877.733.6786*
So Close but yet So Far….
After repeated claims that the U.S. and China were very close to signing a trade deal, President Trump said yesterday he was willing to wait until after next year’s election to come to an agreement. This sent the overall market lower, and posted the biggest single-day pull back for the Dow Jones Industrials ($DJI) since early October. This morning ‘people familiar with the talks’ were in full spin mode, saying that negotiators are getting closer and the President’s comments were not a sign that talks were falling apart. This has sent S&P 500 (/ES) futures higher in the pre-market.
Larry and Sergey Relinquish Control
Google co-founders, Larry Page and Sergey Brin stepped down as active managers of the internet giant’s parent company, Alphabet (GOOG, GOOGL) yesterday afternoon. The current CEO of Google will assume control of Alphabet, and the two founders will remain on the Alphabet board.
Pre-Market Movers and Shakers
S&P 500 futures (/ES) +0.4% near 3103
U.S. Crude Oil futures (/CL) +2.6% near $57.50 a barrel
Workday (WDAY) -4.5% near $165.30, after downbeat comments on new products following positive earnings
Salesforce (CRM) -0.8% near $160.20, after posting a fiscal third quarter net loss following an acquisition
Major Economic Reports:
6:00 am CT – MBA Mortgage Applications
7:15 am CT – ADP Employment Report
8:45 am CT – PMI Services Index
9:00 am CT – ISM Non-Manufacturing Index
7:30 am CT – Corporate Profits
9:30 am CT – EIA Petroleum Status Report
Notable Earnings:
Wednesday – 12/4:
A.M. – CPB
P.M. – FIVE, RH, WORK
Thursday – 12/5:
A.M. – DG, KR, PLCE, SIG, TIF
P.M. – AOBC, CLDR, CRWD, DOCU, OKTA, ULTA, ZM
Option Trade Ideas for your Inbox! Get 2 Free Strategies for 60 days email support@tradewise.com or call 877.733.6786*
*Follow us on Twitter @TradeWise
**BOLD above indicates important and potential market-moving news and information
TradeWise Advisors is offering a free trial for 2 trading strategies for 60 days each: Use coupon code Marketblog to apply this trial on your current account at www.tradewise.com or contact us at support@tradewise.com
12/3/2019
Option Trade Ideas for your Inbox! Get 2 Free Strategies for 60 days email support@tradewise.com or call 877.733.6786*
Sour Apple?
Shares of Apple (AAPL) are down nearly 2% ahead of the open, nullifying a generous profit-target raise yesterday which pushed shares to a new all-time high at $268.25. Earlier today, a Federal judge chose not to dismiss a class action lawsuit which claims the company knew of a faulty keyboard on their popular MacBook Pro and MacBook Air for several years and failed to correct the issue.
Drilled!
Apache Corp. (APA) took a 14% hit yesterday as an incomplete update around a much-touted exploratory offshore drilling site near Guyana remained suspect. Exxon Mobil (XOM) is developing a massive oil field nearby which has long sparked excitement around the prospect. Overall, Apache lost a total of $170 million in the 3rd quarter amid the resignation of their Senior Vice President of world-wide exploration which initially rattled shares.
Duck!
Insurer, Aflac (AFL) fell nearly 4% yesterday after guiding FY 2020 earnings estimates lower near the $4.30-$4.50 range. Shares were at a 4 mo. high prior to the announcement which dropped the underlying below its 50 day moving average near $53.64.
Pre-Market Movers and Shakers
S&P 500 futures (/ES) -0.85% near 3088
U.S. Crude Oil futures (/CL) -0.5% near $55.74 a barrel
NVIDIA (LB) -3.43% near $202.18, amid trade breakdown
Disney (DIS) -1.7% near $148.100, pausing after all-time highs were reached last week
Major Economic Reports:
Motor Vehicle Sales
7:55 am CT – Redbook
Notable Earnings:
Tuesday – 12/3:
A.M.– N/A
P.M. – CRM, MRVL, WDAY, ZS
Wednesday – 12/4:
A.M. – CPB
P.M. – FIVE,RH, WORK
Option Trade Ideas for your Inbox! Get 2 Free Strategies for 60 days email support@tradewise.com or call 877.733.6786*
*Follow us on Twitter @TradeWise
**BOLD above indicates important and potential market-moving news and information
TradeWise Advisors is offering a free trial for 2 trading strategies for 60 days each: Use coupon code Marketblog to apply this trial on your current account at www.tradewise.com or contact us at support@tradewise.com
12/2/2019
The Week Ahead
Option Trade Ideas for your Inbox! Get 2 Free Strategies for 60 days email support@tradewise.com or call 877.733.6786*
Cyber Monday, isn’t just for Amazon anymore
Today is Cyber Monday, which usually means Amazon (AMZN) will be on the radar, however Walmart (WMT) and Target (TGT) had bigger jumps than Amazon in online customer spending during the first two weeks of November compared with the same period last year. Walmart took in 51% more than last year, while Target followed close behind with a 47% increase. Amazon’s customer spending grew just 32%. Last year customers on Amazon’s site ordered over 180 million items during the five-day period starting with Thanksgiving through Cyber Monday.
You may not find a Roku in your Christmas stocking
Streaming device maker Roku (ROKU) is down nearly 7% in pre-market trading as Morgan Stanley downgraded the shares and announced a $110 price target. Roku shares have risen more than 400% year to date.
You get tariffed and you get tariffed
President Donald Trump announced that he will immediately restore tariffs on U.S. steel and aluminum imports from Brazil and Argentina. Trump is also urging the Federal Reserve to prevent countries from gaining an economic advantage by devaluing their currencies.
Pre-Market Movers and Shakers
S&P 500 futures (/ES) +0.10% near 3145
U.S. Crude Oil futures (/CL) +2.0% near $56.32 a barrel
Roku (ROKU) -7.0% near $149.20, after Morgan Stanley downgrade
Deere & Co (DE) -1.2% near $166.25, after price target cut from Citigroup
Walt Disney (DIS) +0.5% near $152.00, after Frozen 2 set a Thanksgiving holiday weekend box office record
ASLAN Pharmaceuticals Limited (ASLN) +83.0% near $7.00, after the company announced its atopic dermatitis drug showed potential in a trial
Economic Releases (12/2-12/6):
Monday:
8:45 am CT – PMI Manufacturing Index
9:00 am CT – ISM Manufacturing Index
9:00 am CT – Construction Spending
Tuesday:
Motor Vehicle Sales
7:55 am CT – Redbook
Wednesday:
6:00 am CT – MBA Mortgage Applications
7:15 am CT – ADP Employment Report
8:45 am CT – PMI Services Index
9:00 am CT – ISM Non-Manufacturing Index
7:30 am CT – Corporate Profits
9:30 am CT – EIA Petroleum Status Report
Thursday:
6:30 am CT – Challenger Job-Cut Report
7:30 am CT – International Trade
7:30 am CT – Jobless Claims
9:00 am CT – Factory Orders
9:30 am CT – EIA Natural Gas Report
10:00 am CT – 10-Yr Note & 30-Yr Bond Announcement
3:30 pm CT – Fed Balance Sheet
3:30 pm CT – Money Supply
Friday:
7:30 am CT – Employment Situation
9:00 am CT – Consumer Sentiment
9:00 am CT – Wholesale Trade
12:00 pm CT – Baker-Hughes Rig Count
2:00 pm CT – Consumer Credit
Major Earnings for the Upcoming Week (12/2-12/6):
Monday:
A.M. – N/A
P.M. – COUP
Tuesday:
A.M. – AZO
P.M. – CRM, MRVL, WDAY, ZS
Wednesday:
A.M. – CPB
P.M. – FIVE, RH, WORK
Thursday:
A.M. – DG, KR, PLCE, SIG, TIF
P.M. – AOBC, CLDR, CRWD, DOCU, OKTA, ULTA, ZM
Friday:
A.M. – N/A
P.M. – N/A
Option Trade Ideas for your Inbox! Get 2 Free Strategies for 60 days email support@tradewise.com or call 877.733.6786*
*Follow us on Twitter @TradeWise
