Earnings Scheduled For February 13, 2018

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Companies Reporting Before The Bell

  • The Coca-Cola CoKO is projected to report quarterly earnings at $0.39 per share on revenue of $7.40 billion.
  • Deere & CompanyDE is estimated to report quarterly earnings at $1.19 per share on revenue of $6.42 billion.
  • Campbell Soup CompanyCPB is projected to report quarterly earnings at $0.82 per share on revenue of $2.16 billion.
  • J M Smucker CoSJM is expected to report quarterly earnings at $2.18 per share on revenue of $1.89 billion.
  • WABCO Holdings Inc. WBCis projected to report quarterly earnings at $1.8 per share on revenue of $900.10 million.
  • Newell Brands IncNWL is estimated to report quarterly earnings at $0.75 per share on revenue of $3.79 billion.
  • VF Corp VFCis expected to report quarterly earnings at $1.02 per share on revenue of $3.67 billion.
  • Ameren CorpAEE is projected to report quarterly earnings at $0.35 per share on revenue of $1.60 billion.
  • Ryder System, Inc. Ris expected to report quarterly earnings at $1.36 per share on revenue of $1.84 billion.
  • Kraft Heinz CoKHC is estimated to report quarterly earnings at $0.95 per share on revenue of $6.92 billion.
  • DTE Energy CoDTE is expected to report quarterly earnings at $1.19 per share on revenue of $2.46 billion.
  • American Axle & Manufact. Holdings, Inc. AXLis estimated to report quarterly earnings at $0.76 per share on revenue of $1.69 billion.
  • Portland General Electric CompanyPOR is projected to report quarterly earnings at $0.65 per share on revenue of $514.60 million.
  • Barnes Group Inc. Bis estimated to report quarterly earnings at $0.67 per share on revenue of $357.77 million.
  • IPG Photonics CorporationIPGP is expected to report quarterly earnings at $1.72 per share on revenue of $345.08 million.
  • Granite Construction Inc. GVAis estimated to report quarterly earnings at $0.65 per share on revenue of $753.88 million.
  • Enbridge Inc (USA) ENBis projected to report quarterly earnings at $0.45 per share on revenue of $8.59 billion.
  • Och-Ziff Capital Management Group LLCOZM is expected to report quarterly earnings at $0.27 per share on revenue of $450.09 million.
  • EPAM Systems Inc EPAMis projected to report quarterly earnings at $0.97 per share on revenue of $395.61 million.
  • ITT Inc. ITTis expected to report quarterly earnings at $0.59 per share on revenue of $634.70 million.
  • Vulcan Materials Company VMCis estimated to report quarterly earnings at $0.73 per share on revenue of $933.99 million.
  • McClatchy CoMNI is projected to report quarterly earnings at $0.72 per share on revenue of $236.53 million.

Economic Data Scheduled For Tuesday

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  • U.S. housing starts report for January is schedule for release at 8:30 a.m. ET.
  • Data on import and export prices for January will be released at 8:30 a.m. ET.
  • The University of Michigan’s consumer sentiment index for February is schedule for release at 10:00 a.m. ET.
  • Data on e-commerce retail sales for the fourth quarter will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.

Senior Trader

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Barry

CEO and Board Member, Hot Stocks NYC was founded by Barry, a seasoned trader with over 50 years of market experience and Over 3 MILLION Trades, his unmatched ability to memorize and analyze the price action of thousands of stocks each day, there is nobody more qualified to help traders beat WallStreet than Barry. He specializes in discovering Emerging Growth Companies and is genuinely a momentum trader.

$PRED $WEYL $ORGS $BPHM $TRV $IAC $SLTK stocks news

Posted Leave a commentPosted in Market
 $PRED expect big week  2.75  support  2.90
bo tgr 4 to 6 end of Jan  July tgt 20 plus
$WEYL  expect strength mid week foreign buyers
$ORGS NAADEQ BY WED?  10 TO 12 by Jan end could be by this week.
$BPHM  accumulate for big move starting
i think within 2 weeks.
$TRV AND $IAC  NEAR BREAK OUTS BUDZ 9 IS 50%CORR FROM 15
$SLTK NEW INVESTOR RELATIONS SHOULD HELP LIFT OVER
 2 BY JAN END THIS CANNABIS RELATED
COMPANY TGT 5 BY SEPT
see disclaimer on $PRED and $WEYL under hidden treasure

A Peek Into The Markets: U.S. Stock Futures Up Ahead Of Beige Book

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Pre-open movers

U.S. stock futures traded higher in early pre-market trade. The Chicago PMI for May is schedule for release at 9:45 a.m. ET, while the pending home sales index for April will be released at 10:00 a.m. ET. The Federal Open Market Committee will release its latest Beige Book report at 2:00 p.m. ET. Dallas Federal Reserve Bank President Robert Kaplan is set to speak in New York City at 8:00 a.m. ET, while San Francisco Federal Reserve Bank President John Williams is set to speak in Seoul at 7:30 p.m. ET.

Futures for the Dow Jones Industrial Average climbed 19 points to 21,034.00, while the Standard & Poor’s 500 index futures rose 2.75 points to 2,413.50. Futures for the Nasdaq 100 index climbed 15.25 points to 5,807.00.

Oil prices traded lower as Brent crude futures fell 2.33 percent to trade at $50.63 per barrel, while US WTI crude futures dropped 1.97 percent to trade at $48.68 a barrel.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index gaining 0.43 percent, STOXX Europe 600 Index rising 0.16 percent and German DAX 30 index gaining 0.42 percent. The UK’s FTSE index was trading higher by 0.41 percent, while French CAC 40 Index rose 0.23 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 0.14 percent, Hong Kong’s Hang Seng Index fell 0.16 percent, China’s Shanghai Composite Index gained 0.23 percent and India’s BSE Sensex fell 0.04 percent.

Broker Recommendation

Analysts at Baird upgraded VMware, Inc. VMW from Neutral to Outperform.

VMware shares rose 0.84 percent to $97.55 in pre-market trading.

7 Stocks To Watch For May 31, 2017

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Some of the stocks that may grab investor focus today are:

  • Wall Street expects Michael Kors Holdings LtdKORS to report quarterly earnings at $0.7 per share on revenue of $1.05 billion before the opening bell. Michael Kors       shares slipped 0.47 percent to $36.10 in after-hours trading.
  • Analysts expect Hewlett Packard Enterprise CoHPE to post quarterly earnings at $0.36 per share on revenue of $9.63 billion after the closing bell. Hewlett Packard Enterprise shares rose 0.16 percent to $18.88 in after-hours trading.
  • Danaos CorporationDAC reported stronger-than-expected results for its first quarter on Tuesday. Danaos shares surged 18.52 percent to $1.60 in the after-hours trading session.
  • After the markets close, Palo Alto Networks IncPANW is estimated to post quarterly earnings at $0.55 per share on revenue of $412.02 million. Palo Alto shares declined 0.91 percent to close at $117.00 on Tuesday.
  • Analysts are expecting Analog Devices, Inc. ADIto have earned $0.84 per share on revenue of $1.10 billion in the latest quarter. Analog Devices will release earnings before the markets open. Analog Devices shares rose 0.35 percent to $85.10 in after-hours trading.
  • Quanex Building Products CorporationNX reported upbeat earnings for its second quarter on Tuesday. Quanex shares climbed 4.90 percent to $20.35 in the after-hours trading session.
  • Before the opening bell, RBC Bearings IncorporatedROLL is projected to report quarterly earnings at $0.89 per share on revenue of $161.08 million. RBC Bearings shares slipped 0.15 percent to close at $99.45 on Tuesday.

NASDAQ (bars) up 15.3% year to date, while Russell 2000 (line) up just 1.9% year to date and that could be a problem

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because 40% of NASDAQ 100 QQQ gains come from its top holding  of AAPL, MSFT, AMZN, FB,
GOOGL (see table below) and since they are having a good year (so far), Money Managers are
sending ALL NEW MONEY into the top QQQ movers, which sends AAPL, FB, MSFT, AMZN and
GOOGL even higher, while the rest of the market lags behind.
Year to date gains for Indexes
Nasdaq Composite +15.3% YTD
S&P 500 +7.9% YTD
Dow Jones Industrial Average +6.7% YTD
Russell 2000 +1.9% YTD
notice the growing divergence between Russell 2000 and the NASDAQ
Top weighted holdings of NASDAQ 100 (QQQ)
Stock Weight Amount
Apple 12.35% $6,164,720,714
Microsoft 8.22% $4,104,883,872
AMAZON.COM 7.21% $3,600,388,693
Facebook 5.37% $2,683,816,500
Alphabet 5.08% $2,537,641,302
Alphabet 4.45% $2,222,880,655
Comcast 2.92% $1,460,235,874
Intel 2.62% $1,308,461,396
Cisco Systems 2.44% $1,220,569,113
Amgen 1.76% $877,084,610
Kraft Heinz CO/THE 1.72% $860,399,339
Broadcom Ltd 1.47% $731,974,710
Celgene 1.41% $701,807,592
Priceline Group INC/THE 1.40% $698,732,986
Starbucks 1.39% $692,924,538
Charter Communications 1.36% $677,069,419
Walgreens Boots Alliance 1.34% $668,813,048
Qualcomm 1.34% $666,703,845
Gilead Sciences 1.30% $649,775,938
Texas Instruments 1.23% $613,185,049

Oil ETFs And OPEC Meet Again

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The United States Oil Fund USO plunged 5.3 percent Thursday, bringing its year-to-date decline to 14.3 percent. USO, the most heavily traded oil exchange-traded product in the U.S., is now almost 20 percent below its 52-week high, putting it dangerously close to officially being in a bear market.

OPEC Extension

The Organization of Petroleum Exporting Countries is again confounding energy investors. On Thursday, the cartel and other major oil-producing countries extended a production cut that has done little to bolster crude prices.

“OPEC announced it would extend cuts in oil output by nine months to March 2018 on Thursday, after November’s landmark deal failed to clear a global supply overhang,” reported CNBC. “The move, which was then ratified by non-OPEC producers, was the base-case scenario for the market and means the 1.8 million barrel per day supply cut will roll over until the first-quarter of 2018.”

Year to date, USO has added more than $125 million in new assets, but there are some signs traders are growing tired of the fund from the long side as USO lost nearly $15 million in assets since the start of the current quarter.

Making the long oil trade all the more difficult is that high U.S. oil inventories mute the impact of output reductions by OPEC and other countries, indicating that oil bulls need to focus on other factors.

“Chinese demand in addition to U.S. production (including Trump’s export policy,) is probably more critical to oil price formation so is likely keeping oil range-bound, even if the possible range is wide,” said S&P Dow Jones Indices in a recent note. “According to index history, oil could reach between $25–$85 dollars before setting record moves. As OPEC cuts and if U.S. inventories decline to low levels, oil prices may increase, so China may use their own reserves or shop around rather than purchase oil at a higher price, capping the high end of the price range.”

Capitulation And Rebalancing

Some oil market observers may argue that capitulation is near and that the market has digested most of the readily available bad news, but there are other factors that need to come into play to help oil rebound.

“In this period of market rebalancing, it seems opportunities are hard to find but the good news possibly is there seems to be more stability from the lower volatility, higher correlation and tight term structures. If it is underpinned by the fundamentals of a recovering oil market, there could be more upside than downside,” said S&P Dow Jones.

A Peek Into The Markets: U.S. Stock Futures Drop Ahead Of GDP, Durable-Goods Orders Data

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Pre-open movers

U.S. stock futures traded lower in early pre-market trade. Data on durable goods orders for April and Gross Domestic Product for the first quarter will be released at 8:30 a.m. ET. The University of Michigan’s consumer sentiment index for May is schedule for release at 10:00 a.m. ET. U.S. markets will be closed Monday for the Memorial Day holiday.

Futures for the Dow Jones Industrial Average dropped 38 points to 21,025.00, while the Standard & Poor’s 500 index futures fell 4.75 points to 2,408.75. Futures for the Nasdaq 100 index declined 8.25 points to 5,773.75.

Oil prices traded lower as Brent crude futures fell 0.37 percent to trade at $51.27 per barrel, while US WTI crude futures dropped 0.27 percent to trade at $48.77 a barrel. The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index dropping 1.01 percent, STOXX Europe 600 Index falling 0.52 percent and German DAX 30 index dropping 0.52 percent. The UK’s FTSE index was trading lower by 0.02 percent, while French CAC 40 Index declined 0.77 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 0.64 percent, Hong Kong’s Hang Seng Index rose 0.03 percent, China’s Shanghai Composite Index gained 0.07 percent and India’s BSE Sensex rose 0.90 percent.

Broker Recommendation

Analysts at JP Morgan upgraded Ecolab Inc. ECL from Neutral to Overweight.

Ecolab shares rose 0.77 percent to close at $130.31 on Thursday.

Breaking news

  • Big Lots, Inc. BIG reported better-than-expected earnings for its first quarter and raised its FY17 outlook.
  • GameStop Corp. GME reported stronger-than-expected results for its first quarter. However, the company reaffirmed its FY17 earnings outlook.
  • Costco Wholesale Corporation COST reported better-than-expected earnings for its third quarter.
  • Ulta Beauty Inc ULTA reported upbeat results for its first quarter and raised its FY17 outlook.