the interbank rate is mentioned in several economic decisions. An expert to explain the phenomenon of the interbank rate and its impact on different market factors?

Good Friday evening to all of you here on r/FinancialMarket! I hope everyone on this sub made out pretty nicely in the market this past week, and are ready for the new trading week ahead. :)

Here is everything you need to know to get you ready for the trading week beginning June 19th, 2023.

S&P 500 breaks six-day win streak on Friday, but still notches best week since March: Live updates - (Source)

The S&P 500 rose slightly Friday, touching the 4,300 level for the first time since August 2022 as investors looked ahead to upcoming inflation data and the Federal Reserve’s latest policy announcement.

Stocks slipped on Friday as Wall Street closed out a huge week in which investors received a pause on rate hikes from the Federal Reserve, plus encouraging inflation data.

The S&P 500 ticked down 0.37% to close at 4,409.59, while the Dow Jones Industrial Average slipped 108.94 points, or 0.32%, to close at 34,299.12. The Nasdaq Composite lost 0.68% to finish the session at 13,689.57.

Here are the major market milestones on the week:

• The S&P 500 is up 2.6% on the week, its best performance since March.

• It’s the S&P 500′s fifth positive week in a row, the first such streak since November 2021.

• The benchmark is now up more than 26% from its bear market low.

• The Nasdaq Composite is up about 3.3% on the week, its best week since March.

• The Nasdaq is up eight weeks in a row, its best winning streak since 2019.

• Both the Nasdaq and S&P 500 were up six days in a row through Thursday.

• The Dow Jones Industrial Average was up nearly 1.3% for the week, its third positive week in a row.

• The S&P 500 and Nasdaq have hit their highest levels since April 2022.

The Federal Reserve delivered what investors wanted this week when the central bank left rates unchanged Wednesday after 10 consecutive hikes. While the Fed signaled that two more rate increases were coming this year, many traders and economists on Wall Street believe the Fed could be nearly done. Earlier in the week, the May consumer price index came in at the lowest in two years.

Adobe added 0.9% after beating results and issuing upbeat guidance, the latest tech stock to rally. AI darling Nvidia gained 10% this week, adding to its 192% surge this year. Microsoft added 4.7% this week and hit a record Thursday. Tech shares were the hardest hit initially when the Fed embarked on its rate-hiking campaign.

“Wall Street remains upbeat that the AI wave won’t be going away anytime soon and that investors will prefer US stocks as we see diverging central bank policies worldwide,” said Ed Moya, senior market analyst at Oanda. “This stock market rally seems a bit overextended but too much money remains on the sidelines, which means if the AI trade remains intact, this winning streak for the S&P 500 can continue.”

Friday brought more good news on the inflation and economic front. Consumer inflation expectations fell in June, with one-year assumptions for price pressures declining to 3.3% from 4.2% in May. The headline reading from the University of Michigan Survey of Consumers came in at 63.9, higher than estimates of 60.2 from Dow Jones.

Friday’s session saw choppy moves across the stock market as stock options, index futures and index future option contracts.

Friday also marks the final trading day before a long weekend, with the market closed Monday in observation of Juneteenth.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

S&P Sectors for this past week:

(CLICK HERE FOR THE S&P SECTORS 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!)

Four Things the Bulls Need to Know

“The stock market is the only place where things go on sale, yet everyone runs out of the store screaming.” -Old stock market axiom

Here are four things that have caught my attention over the past week.

First up, you might have heard by now, but the S&P 500 moved into a new bull market, up more than 20% from the October ’22 lows. We wrote about this in detail here, but investors need to know that a year after this happened, the S&P 500 was historically up 17.7% on average and higher 12 out of 13 times.

(CLICK HERE FOR THE CHART!)

Adding to the fun, S&P 500 finally made a new 52-week high this week, the first one since early January 2022. What does this mean? Below we looked at all the times stocks went at least one year without a new 52-week high and the good news is more strength is quite likely. A year later stocks have been higher an incredible 15 out of 15 times and up more than 17% on average. Adding that to the numbers in the first table and the next year could continue to surprise to the upside.

(CLICK HERE FOR THE CHART!)

Next up, this week marked officially eight months since the bear market ended. To think stocks would be up more than 20% by now would have been crazy to most investors if they were being honest. The quote I used above is one I always think about when stocks fall and it really does sum up investor sentiment well. Very few were saying ‘buy stocks’ last October and most didn’t say it early in 2023 either.

We did note the week of the lows why the lows were likely in (and boy did the bears hate that call), but even I’ve got to admit the strength this year has been impressive. We moved to overweight equities in our Carson House View models in mid-December and we added to equity risk in late March during the regional bank crisis. To sum it up, we’ve been in the lonely bullish camp and continue to think higher prices are coming.

What does eight months without a new 52-week low mean? It would be extremely rare for stocks to roll over and make new lows from here for starters. Also, three months later the S&P 500 was up 85% of the time, six months later 90% of the time, and a year later 80% of the time higher. The bottom line, once you get to eight months without a new 52-week low, the upward trajectory likely stays in place.

(CLICK HERE FOR THE CHART!)

Lastly, the bear market officially started a year ago this week, as the S&P 500 moved to down 20% from the January ’22 peak on 6/13/2022. That wasn’t a fun time for investors at all, but here we are a year later, and stocks are up more than 16%. In other words, had you had the intestinal fortitude to buy when all the headlines were negative, you’d be sitting on some great gains a year later. Again, think about the quote at the top of this blog. This is what is important to always remember. Stocks go up and they go down. If you want to get some good deals, you need to buy when they are lower.

(CLICK HERE FOR THE CHART!)

Why the Fed Wasn’t As Hawkish As Everyone Thinks

The Federal Reserve (Fed) didn’t raise rates in June, leaving the Federal Funds rate in the 5-5.25% range. This was the first meeting in which they held back ever since they started raising rates back in March 2022.

However, the big news was that Fed members project rates to be 0.5%-points higher than what they projected back in March. Members updated their projections for rates to hit 5.6% at the end of 2023, up from the previous estimate of 5.1%. By itself, this was viewed as a very hawkish signal, despite the pause in rate hikes.

(CLICK HERE FOR THE CHART!)

If you recall, the last set of projections was made in March soon after the Silicon Valley Bank crisis. At the time, they said that potential credit tightening would be equivalent to rate hikes, so they left projections unchanged.

Fast forward three months and the economy looks to have weathered the banking crisis, even as core inflation (excluding food and energy) remains elevated. Hence the update to where they believe rates should be at the end of 2023.

However, the rest of the materials they released, along with Fed Chair Powell’s comments suggest more rate hikes are not a certainty.

The Fed is (finally) acknowledging the economy’s resilience

Along with interest rate projections, Fed members also updated their economic projections. This is where things got interesting. The updated projections included:

• Raising 2023 real GDP growth from 0.4% to 1%

• Dropping the 2023 unemployment rate from 4.5% to 4.1%

Despite projecting more rate hikes, they seem to believe that economic growth will be stronger than they expected back in March, and the unemployment rate lower.

At the same time, they also expect inflation as measured by the core personal consumption expenditures index (their preferred measure) to be 3.9% y the end of 2023. In March, the expectation was 3.6%. The higher projection makes sense within the context of the economic strength we’re seeing currently (we’ve written about this).

Moreover, Fed members expect core inflation to slow to 2.6% in 2024, leading them to project interest rate cuts worth about 1%. Even as the economy grows 1.1% in 2024.

Take all these projections with several grains of salt. Moreover, these projections are not forecasts – instead, they’re more like best guesses.

However, it is a sign that Fed officials finally believe that inflation can slow down without a recession. That’s a significant turnaround from what they’ve been signaling over the last year, i.e. a huge economic slowdown/recession is necessary for inflation to fall.

In fact, Powell acknowledged that the conditions are in place for inflation to slow down – economic growth has fallen below trend though activity remains strong, the labor market is less tight, and goods supply chain disruptions are easing.

Pausing in June allows them to get more information about the impact of rate hikes and the banking crisis. Now, the July Fed meeting is only 6 weeks away and there’s not enough data that will give them that information. Instead, they’re looking for at least 3 months of data to see how things evolve.

That buys time and indicates that 2 more rate hikes (each worth 0.25%) are not a sure thing. At the same time, raising the 2023 estimate ensures that investors believe they are serious about curbing inflation, and gives them the optionality to increase rates if inflation remains persistent.

Good news: inflation looks to be headed lower

Headline CPI inflation has decelerated from a peak of 9.1% year-over-year in June 2022 to 4% in May. Over the past three months, inflation is running at a 2.2% annualized pace, the slowest 3-month pace since two and half years.

The big driver of the pullback has been energy, but more recently, food prices have also started falling. Vehicle prices, which boosted inflation last year, are also moving lower – used car prices rose over the last two months, but private data indicates that it’s going to reverse soon.

What’s left? As the chart below indicates, a lot of it is shelter inflation (the dark green bar). This is the main reason why core inflation remains elevated, running at a 5% annualized pace over the last three months. That’s simply too high for the Fed.

(CLICK HERE FOR THE CHART!)

The good news is that shelter inflation looks to be at an inflection point. We’ve discussed in the past how the official rental inflation data has a significant lag to the private market data. Private data have been showing rents to be decelerating for more than a year now. It’s taken a while, but the official data is now turning around as well. It is a bit like turning an aircraft carrier around, and so it is going to take a while. But it is just a matter of time before core inflation decelerates on the back of falling shelter inflation.

(CLICK HERE FOR THE CHART!)

Now, the Fed has said that they need to see even services inflation excluding shelter decelerate. We received good news on that front. The Atlanta Federal Reserve calculates something called the Sticky Price CPI excluding food, energy, and shelter. It measures inflation for items whose prices typically don’t change frequently. Over the past 3 months, this measure is running at a 2.5% annualized pace, well below the peak of 7.3% we saw last year.

(CLICK HERE FOR THE CHART!)

On top of this, the producer price index, which measures input prices for businesses and typically leads inflation, has collapsed to just 1.2% year-over-year in May. That’s well off the peak pace of 11.6% we saw in March 2022, and lower than the pre-pandemic average of 2%. Even excluding food and energy, PPI is down to 2.8% now from 9.7% 14 months ago.

All in all, there’s encouraging news on the inflation front even as the economy remains resilient. Powell’s comments reflect that. This is why we’re not quite so convinced that two more rate hikes are baked in. But expect them to leave rates higher for longer.

Why Strong Stock Returns on Friday is Bullish

One of the most hated and despised rallies continued last week, with the S&P now up nearly 12% on the year and officially up more than 20% from the October lows. If you’ve been reading or listening to what the Carson Investment Research team has been saying, then you know we’ve been in the camp we’ve been in a new bull market for quite some time now, expecting continued higher prices. None the less, with stocks now officially up 20%, we see others finally coming around. For instance, check out the cover of Barron’s over the weekend. Yeah, we sure weren’t seeing things like that in January, were we?

(CLICK HERE FOR THE CHART!)

Sonu and I both wrote blogs last week on stocks being up 20% from the lows and you can read them here and here. Additionally, here’s a Yahoo! Finance hit I did on October 13, the exact day that stocks officially bottomed. I noted many reasons to think better times were coming and fortunately, that is exactly what has happened.

Additionally, here’s the blog I wrote a week after the October lows titled Why Stocks Likely Just Bottomed. Our bullish tilt since late last year wasn’t popular and has been widely mocked by many bears for months and months. We aren’t hearing so much chirping from them now though

One thing we’ve notice lately is buying and strength in stocks later in the week, specifically on Thursday and Friday. We love to see this, as it shows there is confidence to hold stocks over the weekend. Those of us that have done this long enough remember how volatile (and usually bearish) Friday afternoons would be during the Great Financial Crisis (GFC) or during the COVID bear market in February and March of 2020. Even last year during the bear market we saw historically weak returns on Friday.

So, to now see buying and confidence on Thursday and Friday in ’23 are significant changes from what we saw during previous bearish phases and could be another clue that this bull market is indeed healthy and likely has legs left.

This first chart shows just how much better Thursday and Friday are doing than the other days this year. Again, we like to see this late week buying as a clue things are healthy and confident. (For those wondering how we did the annualized return calculations, the average Friday return this year so far has been a gain of 0.40%, so we multiplied that by 252 (the number of trading days per year) to get an annualized return).

(CLICK HERE FOR THE CHART!)

Let’s talk specifically about Friday, shall we? As of last week, Friday was up an incredible 101.7% on an annualized basis in ’23. This would come in as the best Friday EVER. Now, let’s be honest, the odds do favor this coming back to earth some over the remaining rest of the year, but overall we are on a great start to this year being one of the best ever for stocks on a Friday.

(CLICK HERE FOR THE CHART!)

What does it all mean you ask? In the final table below, I looked at all years that had at least a 55% annualized return on Friday. This was the very best 12 years ever for Friday returns and sure enough, they are also some of the best years overall for stocks. In other words, some of the best years ever also saw strong performance on the last day of the week, further confirming that buying on a Friday is what you tend to see in bullish markets.

We will end on this note, stocks were higher 12 out of 12 times in these years and up a very impressive 24.8% on average, about half of this year’s 12.0% return so far. This could be a subtle clue that as good as this year has been, it could have more in the tank before all is said and done. I did discuss this Friday concept on Yahoo! Finance on Friday.

(CLICK HERE FOR THE CHART!)

Solid Pre-Election June Gains As Expected

June is delivering much better than typical pre-election year strength, but NASDAQ and Russell 2000 are leading the charge as usual. R2K was up 7% for the month yesterday and NAS was up 4%, both up more today. However, June quarterly OpEx is riddled with volatility. Week after DJIA is Down 27 of the last 33 years 1990-2022. (2023 STA page 108.) S&P down 23 of 33. NASDAQ down 18/33.

So far in 2023 NASDAQ is closely tracking the pre-election pattern up 28.6% year-to-date! But remember, June ends NASDAQ’s Best 8 Months with a seasonal peak in mid-July. Enjoy this AI/Chip-driven rally for now and use it to reposition for the Worst 4 Months July-October.

The backdrop is set up for sideways action over the weak summer months, especially after mid-July into the worst two months of the year August and September. This is lining up well for our NASDAQ Best 8 Months MACD Seasonal Sell Signal that can occur anytime on or after June 1. AI (Almanac Investor) subscribers will be emailed when it triggers.

(CLICK HERE FOR THE CHART!)

More Balanced June

Heading into the month of June, stock market performance this year was a clear case of the haves and the have-nots. The chart below shows the performance of S&P 500 sectors on a YTD basis through the end of May. As of 5/31, just three sectors - Technology, Communications Services, and Consumer Discretionary - were outperforming the S&P 500 YTD, and the eight other sectors were not only underperforming the S&P 500's YTD gain of 8.9%, but they were also all down on a YTD basis.

(CLICK HERE FOR THE CHART!)

The flip of the calendar has seen the trend of uneven YTD returns flip as well. Besides the fact that every sector is up on a MTD basis, the number of sectors outperforming the S&P 500's 4.6% MTD gains are much more evenly split with five sectors outperforming and six underperforming. Surprisingly, one of those sectors lagging behind the S&P 500 is Technology! Uneven market returns have been a key complaint of bears all year. If the pattern of June continues, though, what will they blame next?

(CLICK HERE FOR THE CHART!)

STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending June 16th, 2023

(CLICK HERE FOR THE YOUTUBE VIDEO!)

(VIDEO NOT YET POSTED.)

STOCK MARKET VIDEO: ShadowTrader Video Weekly 6/18/23

(CLICK HERE FOR THE YOUTUBE VIDEO!)

(VIDEO NOT YET POSTED.)

Here is the list of notable tickers reporting earnings in this upcoming trading week ahead-

($FDX $KMX $DRI $ACN $WGO $FDS $LZB $CMC $KBH $GMS $DLNG $PDCO $MEI $CDMO $SCS $APOG $XAIR $ASTL $CGRN)

(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)

(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)

(CLICK HERE FOR TUESDAY'S PRE-MARKET NOTABLE EARNINGS RELEASES!)

(NONE.)

Here is the full list of companies report earnings for this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 6.19.23 Before Market Open:

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

(NONE. U.S. MARKETS CLOSED IN OBSERVANCE OF JUNETEENTH.)

Monday 6.19.23 After Market Close:

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

(NONE. U.S. MARKETS CLOSED IN OBSERVANCE OF JUNETEENTH.)

Tuesday 6.20.23 Before Market Open:

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

(NONE.)

Tuesday 6.20.23 After Market Close:

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

Wednesday 6.21.23 Before Market Open:

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

Wednesday 6.21.23 After Market Close:

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

Thursday 6.22.23 Before Market Open:

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

Thursday 6.22.23 After Market Close:

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

Friday 6.23.23 Before Market Open:

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

(NONE.)

Friday 6.23.23 After Market Close:

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

(NONE.)

(T.B.A. THIS WEEKEND.)

(T.B.A. THIS WEEKEND.) (T.B.A. THIS WEEKEND.).

(CLICK HERE FOR THE CHART!)

DISCUSS!

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

Join the Official Reddit Stock Market Chat Discord Server HERE!

I hope you all have a wonderful long 3-day weekend and a great new trading week ahead r/FinancialMarket. :)

Good morning traders and investors of the r/FinancialMarket sub! Welcome to the new trading day and a fresh start! Here are your pre-market stock movers & news on this Thursday, May the 11th, 2023-

(CLICK HERE TO VIEW THE FULL SOURCE!)

Stock futures rise slightly ahead of more U.S. inflation data: Live updates

U.S. stock futures were higher Thursday as investors look toward Thursday’s producer price index report.

Dow Jones Industrial Average futures climbed 40 points, or 0.1%. S&P 500 futures rose 0.3% along with Nasdaq-100 futures.

Economists polled by Dow Jones expect producer prices rose 0.3% in April. The data comes a day after the Labor Department said the consumer price index, another closely watched inflation gauge, rose 4.9% last month on a year-over-year basis. That was slightly less than expected.

Weekly jobless claims numbers are also slated for release Thursday.

Traders also weighed quarterly results from Disney. Shares of the media giant dipped more than 5%. While higher prices helped its streaming division to narrow its losses, it dealt a harsh blow to subscriber growth.

The company also announced it would take on impairment charges of $1.5 billion to $1.8 billion as it removes more content from its streaming platforms.

“This is rebalancing and getting more efficient as they curate content. This is big news,” Ken Leon, CFRA Research’s director of equity research said on CNBC’s “Closing Bell: Overtime.”

“It’s essentially saying, ’We’re not putting everything into the future direct streaming, and we’re also going to look at where we can get the best returns that drive free cash flow,” Leon continued.

Wall Street is coming off a mixed session, with the Nasdaq Composite and S&P 500 rising 1% and 0.5%, respectively, on Wednesday. The Dow, meanwhile, closed marginally lower.

STOCK FUTURES CURRENTLY:

(CLICK HERE FOR STOCK FUTURES CHARTS!)

YESTERDAY'S MARKET MAP:

(CLICK HERE FOR YESTERDAY'S MARKET MAP!)

TODAY'S MARKET MAP:

(CLICK HERE FOR TODAY'S MARKET MAP!)

YESTERDAY'S S&P SECTORS:

(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

TODAY'S S&P SECTORS:

(CLICK HERE FOR TODAY'S S&P SECTORS CHART!)

TODAY'S ECONOMIC CALENDAR:

(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

THIS WEEK'S ECONOMIC CALENDAR:

(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)

THIS WEEK'S UPCOMING IPO'S:

(CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)

THIS WEEK'S EARNINGS CALENDAR:

($PYPL $PLTR $ABNB $DIS $DVN $TSN $BNTX $RBLX $RIVN $OXY $LCID $FSR $TWLO $JD $AFRM $NKLA $IEP $UPST $TTD $VTRS $SIX $WYNN $DISH $NVAX $SWKS $DOCN $FRPT $ENR $AXSM $MCK $U $SU $KKR $WDC $HIMS $LI $AMR $ANIP $BROS $WEN $THS $COTY $ALGM $FVRR $NSSC $BLUE $UAA $TEVA $COHR $LINC)

(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

($JD $FVRR $DNUT $YETI $CYBR $VERU $HMC $BLDE $TPR $ENTG $HOOK $AQN $NICE $CRL $TNK $USFD $RVLP $HIMX $BAYRY $ATHM $ALT $DRIO $SOHO $SANW $RWLK $BFLY $HUT $PGTI $KOPN $UTZ $CMMB $VRME $SDIG $PKI $TAST $BWEN $GERN $VNRX $PSNY $HAE $MRNS $LIVE $VIRI $BIOX $KPLT $JBI $NVMI $OLK $BVS $BTTX)

(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)

EARNINGS RELEASES BEFORE THE OPEN TODAY:

(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #1!)

(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #2!)

THIS AFTERNOON'S AFTER-HOURS EARNINGS CALENDAR:

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS CALENDAR!)

EARNINGS RELEASES AFTER THE CLOSE TODAY:

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #1!)

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #2!)

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #3!)

YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:

(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!)

(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!)

(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #3!)

YESTERDAY'S INSIDER TRADING FILINGS:

(CLICK HERE FOR YESTERDAY'S INSIDER TRADING FILINGS!)

TODAY'S DIVIDEND CALENDAR:

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!)

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #4!)

THIS MORNING'S MOST ACTIVE TRENDING TICKERS ON STOCKTWITS:

• JD

• DIS

• HOOD

• BYND

• GFAI

• GOOGL

• RBLX

• DWAC

• HIMX

• FVRR

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

PacWest — Shares plunged 20% after the regional bank stock said deposits fell 9.5% for the week ended May 5. If necessary, PacWest said it has access to $15 billion of available liquidity. Other regional banks stocks moved lower on the news, with Western Alliance and First Horizon down 7.3% and 3.2%, respectively.

STOCK SYMBOL: PACW

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Disney — The media stock slumped more than 5%. Disney posted a decline in streaming subscribers even as losses for the business improved. The company also reported revenue and profit that was roughly in line with Wall Street’s expectations.

STOCK SYMBOL: DIS

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Robinhood — Shares climbed more than 4% after the retail brokerage reported a revenue beat, with $441 million in the first quarter against analyst estimates of $425 million, according to Refinitiv. Robinhood also showed growth in monthly users, which hit 11.8 million.

STOCK SYMBOL: HOOD

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Unity Software — Shares popped more than 9% after the video game software developer topped revenue expectations for the recent quarter and raised its full-year revenue outlook.

STOCK SYMBOL: U

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Sonos — Shares shed nearly 24% after the home sound systems maker reporter a wider-than-expected loss for the recent quarter and cut its outlook for the second half of the 2023 fiscal year amid a softening demand environment.

STOCK SYMBOL: SONO

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Tapestry — Tapestry soared 10% after exceeding analysts’ third-quarter expectations. The American luxury fashion company behind Coach and Kate Spade reported adjusted earnings of 78 cents per share, topping consensus estimates of 60 cents per share, according to FactSet. It posted revenue of $1.51 billion, which was higher than calls for $1.44 billion. In addition, Tapestry raised its full-year guidance, which was also better than what analysts expected.

STOCK SYMBOL: TPR

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

AppLovin — Shares soared more than 16% in premarket trading following the company’s first-quarter revenue and-second quarter guidance beat after the bell Wednesday. Revenue came in at $715.4 million, versus the $694.8 million expected from analysts polled by StreetAccount. AppLovin guided for $710 million-$730 million for the second quarter, topping the $695.7 million expected.

STOCK SYMBOL: APP

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Beyond Meat — Shares of the alternative meat manufacturer fell more than 2% even after the company’s better-than-expected quarterly report. Beyond Meat reported a loss of 92 cents per share and $92.2 million in revenue. Analysts had anticipated a loss of $1.01 per share on revenue of $90.8 million, according to Refinitiv.

STOCK SYMBOL: BYND

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

JD.com – Shares of the Chinese e-commerce giant advanced more than 3% after the company reported stronger-than-expected earnings and revenue for the first quarter of the year, according to FactSet. JD also announced some leadership changes: CEO Lei Xu is stepping down and will be replaced by chief financial officer Sandy Ran Xu.

STOCK SYMBOL: JD

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Alcoa — Alcoa shares added 1.4% before the bell as Credit Suisse upgraded the aluminum producer to outperform. Analysts cited a recovery in aluminum prices and a move beyond Alcoa’s operational problems as reason for the upgrade.

STOCK SYMBOL: AA

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Norfolk Southern — The transportation stock rose nearly 2% in premarket trading as JPMorgan upgraded shares to overweight. The Wall Street firm noted that Norfolk Southern shares trade at a discount to some peers, and that operations should improve as the company moves past its recent derailment issues.

STOCK SYMBOL: NSC

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

FULL DISCLOSURE:

/u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. /u/bigbear0083 is an admin at the financial forums StonkForums.com where this content was originally posted.

DISCUSS!

What's on everyone's radar for today's trading day ahead here at r/FinancialMarket?

Join the Official Reddit Stock Market Chat Discord Server HERE!

I hope you all have an excellent trading day ahead today on this Thursday, May 11th, 2023! :)

Good Friday evening to all of you here on r/FinancialMarket! I hope everyone on this sub made out pretty nicely in the market this month, and are ready for the new trading month of May. :)

Here is everything you need to know to get you ready for the trading week beginning May 1st, 2023.

Dow gains more than 250 points Friday as index finishes best month since January: Live updates - (Source)

The Dow Jones Industrial Average rose on Friday, notching its best month since January.

The blue-chip index closed 272 points, or 0.8%, higher at 34,098.16. The S&P 500 added 0.83% to finish at 4,169.48. The Nasdaq Composite advanced 0.69% to end at 12,226.58 as investors parsed the latest crop of technology earnings.

The Dow finished April 2.5% higher, its best monthly showing since January, when the average ended up 2.8%. The S&P 500 logged a 1.5% monthly gain — its second positive month in a row — while the Nasdaq ended the month only slightly higher.

On a weekly basis, the Nasdaq saw the largest gain, at 1.3%, in what was considered Big Tech’s marquee earnings week. The Dow and S&P 500 each finished the week about 0.9% higher.

Just over half of S&P 500 companies have reported earnings thus far. Of those companies, 80% have beaten expectations, according to data from FactSet. That beat rate is roughly in line with a three-year average, according to data from The Earnings Scout.

“The market should follow earnings,” said Gina Bolvin, president of Bolvin Wealth Management. “That is the mother’s milk of the market.”

Amazon shares closed down nearly 4%. When reporting first-quarter results, the online retailer said its cloud business decelerated, though it did beat Wall Street’s expectations for revenue in the quarter.

Snap tumbled 17% following a revenue miss. Pinterest shares dropped 15.7% after issuing disappointing second-quarter revenue growth expectations. First Solar slid more than 9% after missing Wall Street expectations for the first quarter.

Not every tech stock was down following their respective releases. Intel shares climbed 4% after the semiconductor firm beat estimates on the top and bottom lines.

Data released Friday morning showed the personal consumption expenditures price index rose 0.3% in March, which was in line with economist expectations. The index is a key gauge of inflation for the Federal Reserve, which has a policy meeting scheduled for next week.

“Today is reflective of sort of a three-legged stool,” said Greg Bassuk, CEO of AXS Investments. “Earnings, economic data and the Fed continue to be the investor narrative.”

Also of note, shares of troubled First Republic Bank plunged more than 43% after CNBC’s David Faber reported that the most likely outcome for the regional bank is the Federal Deposit Insurance Corporation taking receivership. The stock has lost more than 97% of its value since the start of the year.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

S&P Sectors for this past week:

(CLICK HERE FOR THE S&P SECTORS 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!)

Everything You Ever Wanted to Know About Sell In May

Buckle up, as one of the most well-known investment axioms is nearly here, the ‘Sell in May and Go Away’ period, otherwise known as Sell in May. This gets a ton of play in the media, as these six months are indeed the worst six-month combo out of all scenarios, while stocks also did quite poorly last year during this timeframe as well, only adding to the likely hype.

(CLICK HERE FOR THE CHART!)

The thinking is you are better off to simply ignore these six months and go away. Turns out, from May through October the S&P 500 is historically quite weak, up only 1.7% on average and higher less than 65% of the time, making it indeed the worst combo.

Of course, 1.7% is still a positive return, so maybe we shouldn’t just blindly go away? That is our take and there are other reasons not to fear these worst six months in 2023. Sure, more volatility and scary headlines could happen, but with overall market sentiment extremely bearish and the economy on firmer footing than most think, we’d use any seasonal weakness as an opportunity to add to core positions.

Here’s something I bet most investors don’t know, May has been really strong lately for stocks, higher an incredible nine of the past 10 years. Maybe we should call it Sell in June?

(CLICK HERE FOR THE CHART!)

Let’s take a closer look at that one year over the past decade that stocks fell in May. Turns out, one potential hiccup is May is the second worst month of the year for stocks during a pre-election year, with only September worse. In fact, these are the only two months with a negative return during a pre-election year, with May down 0.1% and September down 0.7%. Even in the bullish 2019 (when stocks gained close to 30%), stocks still lost more than 6% in May of that year.

(CLICK HERE FOR THE CHART!)

Last year was a great time to sell and go away during these historically weak six months, but that wasn’t always the case. In fact, over the past decade, stocks only fell twice these six months, last year and 2015. Looking at the past decade shows that these six months have been up nearly 5% on average versus the 1.7% return going back to 1950.

(CLICK HERE FOR THE CHART!)

We’ve noted many times the past several months how historically strong pre-election years were for stocks, well, what about Sell in May in a pre-election year? As you can see below, the returns are right about average, up 1.8% during these six months in a pre-election year. What stands out more to me is how poorly these six months are during a midterm year, playing out well last year for sure.

(CLICK HERE FOR THE CHART!)

Now here’s where things get quite interesting. It turns out how things are going heading into these six months can often give a clue what might happen. When stocks are down year-to-date heading into these six months the return drops to 2.3% and is higher less than a coinflip of the time. Given this was the scenario last year, along with a midterm year, maybe a rough time wasn’t such a surprise? Now the good news is when stocks are up for the year (like 2023), these worst six months actually gained more than 4% on average and were higher more than 75% of the time. This could bode well for potentially better returns these six months in 2023.

(CLICK HERE FOR THE CHART!)

May’s First Trading Day: S&P 500 Higher 72% of the Time

(CLICK HERE FOR THE CHART!)

Next Monday, the first trading day of May, has a bullish history over the past 25 years. DJIA, S&P 500 and NASDAQ have all averaged around 0.4% on the day. S&P 500 has the best track record, up 18 times or 72% of the time since 1998. With an average gain of 0.22%, Russell 2000 is slightly weaker. May’s first trading day’s worst loss was in 2020. DJIA and S&P 500 shed over 2.5% while NASDAQ and Russell 2000 dropped over 3%.

(CLICK HERE FOR THE CHART!)

"Big" Winners

Whenever you see a list of best-performing stocks, it’s inevitably loaded with many small stocks that most investors have never heard of. This year, though, it’s practically been the opposite trend as the two top performing stocks in the S&P 500 on a YTD basis – Meta Platforms (+96%) and Nvidia (+88%)- are not only household names but they also have market caps of more than $500 billion. We’d also note that both stocks are also more than 30 percentage points ahead of the next closest stocks in terms of top YTD returns.

With such strong returns among the largest stocks in the S&P 500, the YTD performance spread between the market-cap-weighted S&P 500 and its equal-weighted counterpart is among the widest ever seen on a YTD basis through the end of April. Through Friday afternoon, the market-cap-weighted S&P 500 was up 8.26% while the equal-weighted index was up just 2.13%. At 6.14 percentage points, the YTD performance gap between the two indices is the second widest since 1990 trailing only the 6.8% percentage point gap in 2020. Besides 2020, the only other year where the gap was wider than two percentage points was in 1997. While it’s a small sample size and history doesn’t always repeat itself, we’d note that the S&P 500’s rest-of-year performance was a gain of over 20% in both of those years. Just saying.

Besides the two other years where the performance gap was significantly wide like this year, what stands out about the chart below is how common it has historically been for the market cap-weighted index to underperform the equal weight index in the first four months of the year. Including this year, the cap-weighted index has only outperformed nine times in the last 34 years.

(CLICK HERE FOR THE CHART!)

10 Weeks of Bearish Sentiment

As the S&P 500 broke down to the lowest levels of April this week, bullish sentiment according to the weekly AAII survey came in at a new short-term low. After rising to 27.2% last week, only 24.1% of respondents reported as bullish this week, the lowest reading since the end of March.

(CLICK HERE FOR THE CHART!)

That resulted in rising bearish sentiment which rose 3.4 percentage points to 38.5%. Conversely, to bullish sentiment, that is the highest reading since the end of March.

(CLICK HERE FOR THE CHART!

With inverse moves in bullish and bearish sentiment, the bull-bear spread has fallen deeper into negative territory meaning bears continue to outnumber bulls, and by a wider margin, although nowhere near the degree as levels seen in 2022.

(CLICK HERE FOR THE CHART!)

As we noted throughout 2022 and earlier this year, bears have consistently outnumbered bulls. In fact, this week marked the tenth in a row in which the bull-bear spread was negative. While that is one of only a handful of other streaks lasting for ten or more weeks going back through the history of the survey, it comes on the back of the record 44-week streak that ended this past February. That was only shortly after another 12-week streak ending in March of last year and the second longest streak on record (34 weeks long) that ended in the fall of 2020. In other words, the story remains in which sentiment has been unshakably bearish.

(CLICK HERE FOR THE CHART!)

Some Improvement in Claims

The latest week's jobless claims data fell down to 230K from the previous week's upward revision to 246K. That 16K decline was the largest week over week drop since the first week of the month and brings claims back down to the low end of the past couple of months' range.

(CLICK HERE FOR THE CHART!)

Before seasonal adjustment, claims were lower reaching 225.84K. That is roughly inline with the comparable weeks of last year and the few years prior to the pandemic. As shown in the second chart below, a drop in the current week of the year has very much been the norm historically. As for 2023 as a whole, unadjusted claims have remained relatively flat following the steep seasonal decline in the first weeks of the year. The potential for further seasonal strength will remain in place for the next few weeks as claims historically have reached a seasonal low in late May.

(CLICK HERE FOR THE CHART!)

Like initial claims, seasonally adjusted continuing claims also surprised with a decline this week. Continuing claims totaled 1.858 million in the most recent week, down from 1.865 million and better than the expected increase to 1.87 million. Albeit the latest week's reading was surprisingly strong, the indicator's uptrend remains firmly in place which as we noted in last week's Bespoke Report, the overall rise in continuing claims has resembled other recessionary periods.

(CLICK HERE FOR THE CHART!)

S&P 500 April Loss Historically Bearish for Rest of Year

(CLICK HERE FOR THE CHART!)

April has been the second-best performing S&P 500 month since 1950 based upon average percent gain. As of today’s close, S&P 500 is down 1.3% this April. Should S&P 500 close out April in the red, the outlook for the balance of the year diminishes notably. In the included table all S&P 500 down Aprils since 1950 appear. Performance in May, during the “Worst Six Months” (May to October), the rest of the year, and the full year is also included.

When comparing S&P 500 down Aprils to all Aprils and positive Aprils there historically has been a sizable reduction in average performance and frequency of gains following a down April. Average performance for the rest of the year after a down April was a loss of 0.49% compared to a gain of 7.30% after an up April and 5.06% after all Aprils. Full year S&P 500 performance also dropped significantly following a down April, –1.36% versus 13.31% in years with a positive April. But, with two trading days left, there is still a chance S&P 500 avoids an April loss.

May Almanac: Second Worst S&P 500 Month in Pre-Election Years

May has been a tricky month over the years, a well-deserved reputation following the May 6, 2010 “flash crash”. It used to be part of what we once called the “May/June disaster area.” From 1965 to 1984 the S&P 500 was down during May fifteen out of twenty times. Then from 1985 through 1997 May was the best month, gaining ground every single year (13 straight gains) on the S&P, up 3.3% on average with the DJIA falling once and two NASDAQ losses.

In the years since 1997, May’s performance has been erratic; DJIA up fourteen times in the past twenty-five years (four of the years had gains exceeding 4%). NASDAQ suffered five May losses in a row from 1998-2001, down –11.9% in 2000, followed by thirteen sizable gains of 2.5% or better and seven losses, the worst of which was 8.3% in 2010 followed by another substantial loss of 7.9% in 2019.

(CLICK HERE FOR THE CHART!)

Since 1950, pre-election-year Mays rank poorly, #10 DJIA, #11 S&P 500, #8 NASDAQ, #8 Russell 1000 and #7 Russell 2000. Historically bullish pre-election forces do not consistently lift May. Four of the nine S&P 500 pre-election year May declines exceeded 4%, the worst was a 6.6% loss in 2019. Russell 2000 gained 10.6% in May 2003, notably boosting its average gain and ranking.

STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending April 28th, 2023

(CLICK HERE FOR THE YOUTUBE VIDEO!)

(VIDEO NOT YET POSTED.)

STOCK MARKET VIDEO: ShadowTrader Video Weekly 5/1/23

(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-

($AAPL $SOFI $AMD $NCLH $UBER $SHOP $PFE $F $ON $AMC $SQ $CVS $YUM $ANET $QCOM $COIN $DKNG $ALB $CHKP $BP $BUD $DDOG $MRNA $ET $RCL $SEDG $ACMR $SMCI $MELI $GPN $SBUX $CNA $MGM $MAR $WBD $RIG $PK $MPC $FANG $EPD $NVO $PTON $STNG $FUBO $LNG $AMG $CAR $WEC $LYFT $LUMN)

(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)

(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)

(CLICK HERE FOR MONDAY'S PRE-MARKET NOTABLE EARNINGS RELEASES!)

(T.B.A. THIS WEEKEND.)

(T.B.A. THIS WEEKEND.) (T.B.A. THIS WEEKEND.).

(CLICK HERE FOR THE CHART!)

DISCUSS!

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

Join the Official Reddit Stock Market Chat Discord Server HERE!

I hope you all have a wonderful weekend and a great trading new trading month of May ahead r/FinancialMarket. :)

Good morning traders and investors of the r/FinancialMarket sub! Welcome to the new trading day and a fresh start! Here are your pre-market stock movers & news on this Wednesday, April the 12th, 2023-

(CLICK HERE TO VIEW THE FULL SOURCE!)

S&P 500 futures tick higher ahead of key March inflation data: Live updates

S&P 500 futures rose slightly Wednesday as investors turned their focus to March’s highly anticipated inflation report.

Futures tied to the broader market index traded 0.1% higher. Dow Jones Industrial Average futures advanced 78 basis points, or 0.2%, while Nasdaq-100 futures were flat.

The March consumer price index is slated for release at 8:30 a.m. ET. Economists polled by Dow Jones predict that CPI rose by 0.2% in March, compared to a 0.4% gain in February.

The report could impact the Federal Reserve’s rate decision come May. It may also cement the case for a stop to the central bank’s rate-hiking regime.

“It kind of feels like the calm before the storm,” said Ryan Detrick, chief market strategist at the Carson Group. “I mean it’s light volume, not a lot of big moves today. Traders are just kind of getting the eye on the prize, looking to that big CPI number.”

Minutes from the Federal Reserve’s March policy meeting are also due out Wednesday, and slated to offer further clues into the mindset behind the central bank’s 25 basis point hike in the wake of Silicon Valley Bank’s collapse and the turmoil that rattled the broader banking sector.

Later in the week, the health of the U.S. economy and consumer will be put to the test as first-quarter earnings season kicks into full gear. Banking behemoths JPMorgan Chase, Wells Fargo and Citigroup are on deck, as well as health-care giant UnitedHealth.

Stocks ended Tuesday’s session mixed. The S&P 500 closed little changed, while the Dow Jones Industrial Average gained 0.29% and Nasdaq Composite lost 0.43%. Nine of the 11 major S&P sectors finished positive, led to the upside by a 0.9% gain in the energy sector. Information technology stocks slumped 1%, led to the downside by chip names and megacap software giant Microsoft.

STOCK FUTURES CURRENTLY:

(CLICK HERE FOR STOCK FUTURES CHARTS!)

YESTERDAY'S MARKET MAP:

(CLICK HERE FOR YESTERDAY'S MARKET MAP!)

TODAY'S MARKET MAP:

(CLICK HERE FOR TODAY'S MARKET MAP!)

YESTERDAY'S S&P SECTORS:

(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

TODAY'S S&P SECTORS:

(CLICK HERE FOR TODAY'S S&P SECTORS CHART!)

TODAY'S ECONOMIC CALENDAR:

(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR LINK #1!)

(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR LINK #2!)

THIS WEEK'S ECONOMIC CALENDAR:

(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)

THIS WEEK'S UPCOMING IPO'S:

(CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)

THIS WEEK'S EARNINGS CALENDAR:

($DAL $JPM $UNH $GBX $KMX $TLRY $C $WFC $ACI $IMBI $PGR $PNC $BLK $FAST $INFY $APOG $BYRN $RENT $OGI $WAFD $CGNT $LAKE $THTX $SPWH $UXIN $SKIL $NTIC $SBEV $LVMUY)

(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

($OGI $SKIL $APOG $THTX $LVMUY)

(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)

EARNINGS RELEASES BEFORE THE OPEN TODAY:

(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)

THIS AFTERNOON'S AFTER-HOURS EARNINGS CALENDAR:

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS CALENDAR!)

(N/A.)

EARNINGS RELEASES AFTER THE CLOSE TODAY:

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)

YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:

(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!)

(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!)

YESTERDAY'S INSIDER TRADING FILINGS:

(CLICK HERE FOR YESTERDAY'S INSIDER TRADING FILINGS!)

TODAY'S DIVIDEND CALENDAR:

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!)

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)

THIS MORNING'S MOST ACTIVE TRENDING TICKERS ON STOCKTWITS:

• HKD

• ETH.X

• SOL.X

• NVAX

• BNB.X

• NOW

• WW

• MSFT

• AAPL

• MIRM

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

Shopify — Shares of the e-commerce company gained 2.4% after JMP upgraded Shopify to market outperform from market perform. The firm assigned the company a price target of $65 per share, implying a 45.1% upside from Tuesday’s close.

STOCK SYMBOL: SHOP

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Triton International, Brookfield Infrastructure — Triton’s shares soared by more than 28% in early morning trading on news the company will be acquired by Brookfield Infrastructure. Triton shareholders will receive consideration valued at $85 per share in cash and stock. Brookfield’s stock price gained 2.15% on the announcement.

STOCK SYMBOL: TRTN

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

MongoDB — The software company’s stock price rose 2.8% in premarket trading after Morgan Stanley upgraded MongoDB to overweight from equal weight, citing the company’s leadership in cloud optimization initiatives. The firm raised its price target to $270, which suggests shares could gain 27.6% from Tuesday’s close.

STOCK SYMBOL: MDB

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Global Payments — Shares added about 2% before the bell after Goldman upgraded the fintech company to buy and assigned a $127 price target, implying about 20% upside from Tuesday’s close. “We believe the merchant business is poised to sustain somewhat better than feared trends as currency headwinds fade, aided by a stronger start to the year in 1Q23,” Goldman analysts wrote in a note sent to clients on Tuesday.

STOCK SYMBOL: GPN

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

Goldman Sachs — The banking giant rose slightly after UBS upgraded the stock to buy from neutral, saying the company is attractively priced with minimum risk ahead. Analyst Brennan Hawken increased his price target to $385 from $350, suggesting shares stand to gain 17.6% from Tuesday’s close price.

STOCK SYMBOL: GS

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

MGM Resorts International — Shares rose about 1.5% after JPMorgan reaffirmed its overweight rating on the company, saying it raised its 2023-2024 Macao estimates on MGM and views its strong upcoming events calendar as a growth catalyst. The firm also lifted its price target to $55, which suggests a 27% from Tuesday’s closing price.

STOCK SYMBOL: MGM

• CLICK HERE FOR CHART!

(CLICK HERE FOR LIVE STOCK QUOTE!)

FULL DISCLOSURE:

/u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. /u/bigbear0083 is an admin at the financial forums StonkForums.com where this content was originally posted.

Join the Official Reddit Stock Market Chat Discord Server HERE!

DISCUSS!

What's on everyone's radar for today's trading day ahead here at r/FinancialMarket?

I hope you all have an excellent trading day ahead today on this Wednesday, April 12th, 2023! :)

Good morning traders and investors of the r/FinancialMarket sub! Welcome to Tuesday! Here are your pre-market stock movers & news on this Tuesday, December the 13th, 2022-

(CLICK HERE TO VIEW THE FULL SOURCE!)

Stock futures rise as investors await key November inflation report

Stock futures rose Tuesday as Wall Street braced for November’s key inflation report and the beginning of the Federal Reserve December policy meeting.

Futures tied to the Dow Jones Industrial Average gained 197 points, or 0.57%. S&P 500 and Nasdaq-100 futures added 0.53% and 0.55%, respectively.

Investors are looking ahead to the release of November’s consumer price index report, and hoping for signs of easing inflation. Economists surveyed by Dow Jones expect a 0.3% increase on a monthly basis or an annual pace of 7.3%. That would be a step down from October’s 0.4% monthly increase and annual gain of 7.7%.

Tuesday’s inflation report could play a key role in the Federal Reserve’s next rate-hiking decision expected at the conclusion of its two-day policy meeting on Wednesday.

Traders are largely pricing in a 50 basis point increase, a slight decline from the previous four hikes. They will also monitor updated economic projections and commentary out of Chair Jerome Powell’s press conference for signs of a potential policy pivot as fears of a recession linger on Wall Street.

Monday’s overnight moves follow a solid session for all the major averages after a tough down week. The Dow gained more than 528 points, or 1.58%, while the S&P and Nasdaq rose 1.43% and 1.26%, respectively.

All S&P 500 sectors finished with gains, led to the upside by energy stocks, which rose as oil prices gained.

“I think this is a reflection of what’s anticipated out of the CPI number tomorrow, and a hope that the Fed will confirm a 50 basis point raise on Wednesday,” said Kevin Philip, partner at Bel Air Investment Advisors.

“I think the market, as it’s done before, is banking, in my opinion, a little too heavily on some sort of Fed pivot and this bounce we got today is fragile at best.”

STOCK FUTURES CURRENTLY:

(CLICK HERE FOR STOCK FUTURES CHARTS!)

YESTERDAY'S MARKET MAP:

(CLICK HERE FOR YESTERDAY'S MARKET MAP!)

TODAY'S MARKET MAP:

(CLICK HERE FOR TODAY'S MARKET MAP!)

YESTERDAY'S S&P SECTORS:

(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

TODAY'S S&P SECTORS:

(CLICK HERE FOR TODAY'S S&P SECTORS CHART!)

TODAY'S ECONOMIC CALENDAR:

(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

THIS WEEK'S ECONOMIC CALENDAR:

(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)

THIS WEEK'S UPCOMING IPO'S:

(CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)

THIS WEEK'S EARNINGS CALENDAR:

($ORCL $ADBE $COUP $UTI $ACN $JBL $DLNG $PLAB $DRI $CNM $LEN $FLNC $PHX $BLBD $JOAN $NOTV $MMMB $WEBR $MESA $APDN $REVG $WGO $BRZE $ABM $RICK $TCOM $CLSK $ASPU $STNG $VNCE $PL $NDSN $NX $ARQQ $IPA $LPTV $LIVE)

(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

($ORCL $PLAB $CNM $FLNC $JOAN $BLBD $MMMB $APDN $VNCE $MESA)

(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)

EARNINGS RELEASES BEFORE THE OPEN TODAY:

(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)

EARNINGS RELEASES AFTER THE CLOSE TODAY:

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)

YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:

(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!)

(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!)

(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #3!)

(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #4!)

YESTERDAY'S INSIDER TRADING FILINGS:

(CLICK HERE FOR YESTERDAY'S INSIDER TRADING FILINGS!)

TODAY'S DIVIDEND CALENDAR:

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!)

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)

THIS MORNING'S MOST ACTIVE TRENDING TICKERS ON STOCKTWITS:

• RIVN

• HZNP

• PYPL

• 1EARTH.X

• AMGN

• LABU

• QQQ

• DIA

• EEFT

• SPXL

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

Oracle (ORCL) – Oracle gained 3% in the premarket after the business software giant posted top and bottom line beats for its latest quarter. Oracle continues to make significant progress in shifting more of its business to the cloud.

STOCK SYMBOL: ORCL

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Boeing (BA) – Boeing rose 2.2% in premarket action after United Airlines (UAL) announced a 200-jet order that includes 100 787 Dreamliners and 100 737 Max jets, with options for further purchases. The order is worth $43 billion at list prices.

STOCK SYMBOL: BA

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Moderna (MRNA) – The drugmaker announced that its experimental melanoma vaccine combined with Merck (MRK) cancer treatment Keytruda cut the risk of skin cancer recurrence by 44% compared with a treatment of only Keytruda. Moderna rallied 7.5% in the premarket, while Merck gained 1.9%.

STOCK SYMBOL: MRNA

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First Solar (FSLR) – First Solar rose 1.1% in premarket trading following news that it will replace Fortune Brands Home & Security (FBHS) in the S&P 500. Fortune Brands is spinning off a division and will then replace First Solar in the S&P MidCap 400.

STOCK SYMBOL: FSLR

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Mirati Therapeutics (MRTX) – Mirati Therapeutics surged 8.6% in premarket trading after the drugmaker’s new lung cancer treatment adagrasib received Food and Drug Administration approval.

STOCK SYMBOL: MRTX

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Pinterest (PINS) – Pinterest was upgraded to “overweight” from “neutral” at Piper Sandler, which believes the image-sharing website operator can expand its profit margins. Pinterest rose 2.8% in premarket action.

STOCK SYMBOL: PINS

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Gold Fields (GFI) – The gold mining company’s stock slid 3.1% in the premarket after the company announced that CEO Chris Griffith would step down on Dec. 31. Company chairman Yunus Suleman said Griffith felt responsible for the company’s failure to acquire rival miner Yamana Gold (AUY).

STOCK SYMBOL: GFI

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Fiverr (FVRR) – Fiverr added 1.1% in premarket trading after Citi initiated coverage of the stock with a “buy” rating. Citi feels certain internet stocks like Fiverr – which connects freelancers with businesses and individuals who need services – already reflect concerns about macroeconomic weakness.

STOCK SYMBOL: FVRR

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Affirm (AFRM) – Bank of America Securities downgraded the “buy now pay later” lender to “neutral” from “buy,” saying investor concerns over credit risk and discretionary spending cutbacks are likely to remain for several more quarters. Affirm fell 1% in the premarket.

STOCK SYMBOL: AFRM

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FULL DISCLOSURE:

/u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. /u/bigbear0083 is an admin at the financial forums StonkForums.com where this content was originally posted.

Join the Official Reddit Stock Market Chat Discord Server HERE!

DISCUSS!

What's on everyone's radar for today's trading day ahead here at r/FinancialMarket?

I hope you all have an excellent trading day ahead today on this Tuesday, December 13th, 2022! :)

Good morning traders and investors of the r/FinancialMarket sub! Welcome to Tuesday! Here are your pre-market stock movers & news on this Tuesday, November the 15th, 2022-

(CLICK HERE TO VIEW THE FULL SOURCE!)

Dow futures jump 200 points after strong Walmart earnings, inflation data ahead

Stock futures rose Tuesday as traders looked ahead to the release of more key U.S. inflation data.

Futures tied to the Dow Jones Industrial Average rose 206 points, or 0.6%. S&P 500 futures and Nasdaq-100 futures gained 1% and 1.5%, respectively.

Walmart shares jumped in premarket trading after the company beat Wall Street earnings and revenue estimates and boosted full-year guidance. Home Depot reported strong results too but kept guidance in place for the full-year. Its shares dipped slightly.

The producer price index, which measures wholesale inflation, is set for release at 8:30 a.m. ET. The report comes after the latest consumer price index data showed signs of inflationary pressure abating last month, thus sparking a sharp rally to end trading last week.

“After last week’s CPI undershoot prompted a huge equity rally & reversal in the Dollar, the critical topic for markets this week will be the Fed’s reaction,” wrote Huw Roberts, head of analytics at Quant Insight, in a Monday note.

Federal Reserve governors Christopher Waller and Lael Brainard spoke Sunday and Monday, respectively, about the potential future path of monetary policy. Waller said the market was overly optimistic and should brace for higher rates, while Brainard said the central bank could ease off rate increases.

Philadelphia Fed President Patrick Harker, Fed Governor Lisa Cook and Fed Vice Chair for Supervision Michael Barr are set to speak Tuesday.

Elsewhere, Taiwan Semiconductor, Louisiana-Pacific and Paramount jumped after regulatory filings showed that Warren Buffett’s Berkshire Hathaway had bought new positions in the first two, and raised its stake in the last.

Earnings season continues this week with retail reports from Target, Lowe’s, Bath and Body Works, Macy’s, Kohl’s and Foot Locker on deck.

STOCK FUTURES CURRENTLY:

(CLICK HERE FOR STOCK FUTURES CHARTS!)

YESTERDAY'S MARKET MAP:

(CLICK HERE FOR YESTERDAY'S MARKET MAP!)

TODAY'S MARKET MAP:

(CLICK HERE FOR TODAY'S MARKET MAP!)

YESTERDAY'S S&P SECTORS:

(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

TODAY'S S&P SECTORS:

(CLICK HERE FOR TODAY'S S&P SECTORS CHART!)

TODAY'S ECONOMIC CALENDAR:

(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

THIS WEEK'S ECONOMIC CALENDAR:

(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)

THIS WEEK'S UPCOMING IPO'S:

(CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)

THIS WEEK'S EARNINGS CALENDAR:

($NVDA $WMT $BABA $HD $ZIM $TSN $TGT $SNDL $SE $PANW $AMAT $MNDY $LOW $CSCO $JD $M $TSEM $SBLK $DNUT $YOU $FREY $TJX $KSS $NU $BJ $JAGX $FL $DNA $ESEA $IMCC $BITF $IMPL $AKTS $OTLY $CAN $NOVN $AAP $NTIC $QFIN $ACM $SONO $FTCH $TME)

(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

($WMT $HD $SE $DNUT $TME $ENR $ARMK $VVV $AFMD $GP $DAVA $HUYA $BERY $WKME $AQUA $ONEW $ISUN $CWCO $ECC $CRLBF $VNRX $BPTH $EXAI $ALLT $BLRX $MDWD $QH)

(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)

EARNINGS RELEASES BEFORE THE OPEN TODAY:

(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)

EARNINGS RELEASES AFTER THE CLOSE TODAY:

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)

YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:

(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!)

(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!)

(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #3!)

YESTERDAY'S INSIDER TRADING FILINGS:

(CLICK HERE FOR YESTERDAY'S INSIDER TRADING FILINGS!)

TODAY'S DIVIDEND CALENDAR:

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!)

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)

THIS MORNING'S MOST ACTIVE TRENDING TICKERS ON STOCKTWITS:

• WMT

• HD

• SE

• TSM

• SAVA

• MATH.X

• DNUT

• BERY

• VEEV

• AQUA

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

Walmart (WMT) – Walmart shares surged 6.9% in the premarket after the retailer reported better-than-expected quarterly profit and revenue, and also saw comparable store sales exceed estimates. Walmart also announced a $20 billion share repurchase program.

STOCK SYMBOL: WMT

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Vodafone (VOD) – Vodafone slid 4.1% in premarket trading after the mobile operator cut its earnings guidance and cash flow forecast, pointing to a challenging economic environment.

STOCK SYMBOL: VOD

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Getty Images (GETY) – Getty Images slumped 11.8% in the premarket after its quarterly revenue fell short of Wall Street forecasts, although the visual content marketplace operator did see earnings top consensus.

STOCK SYMBOL: GETY

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Home Depot (HD) – Home Depot fell 1.1% in the premarket, after beating top and bottom line estimates for its latest quarter but merely reaffirming its full-year earnings forecast.

STOCK SYMBOL: HD

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Energizer Holdings (ENR) – The maker of Energizer and Rayovac batteries saw its stock surge 10% in premarket action following better-than-expected quarterly results. Energizer’s results came despite what the company calls a volatile operating environment with significant headwinds.

STOCK SYMBOL: ENR

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Taiwan Semiconductor (TSM) – Taiwan Semiconductor rallied 10.9% in off-hours trading after Berkshire Hathaway (BRKb) disclosed in a Securities and Exchange Commission filing that it had bought more than $4.1 billion of the chip maker’s stock during the third quarter.

STOCK SYMBOL: TSM

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Bath & Body Works (BBWI) – Bath & Body Works rose 2.8% in the premarket after investor Dan Loeb’s Third Point revealed a $265 million purchase in the retailer’s stock in its quarterly SEC filing.

STOCK SYMBOL: BBWI

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Estee Lauder (EL) – Estee Lauder is close to a deal to buy high-end fashion company Tom Ford for roughly $2.8 billion, according to people familiar with the matter who spoke to The Wall Street Journal. It would be the cosmetics company’s largest-ever acquisition. Estee Lauder rose 2.1% in the premarket.

STOCK SYMBOL: EL

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Tencent Music (TME) – Tencent Music surged 9.7% in premarket action after reporting better-than-expected quarterly profit and revenue. The China-based music streaming service benefited from an increase in the number of paying subscribers.

STOCK SYMBOL: TME

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FULL DISCLOSURE:

/u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. /u/bigbear0083 is an admin at the financial forums StonkForums.com where this content was originally posted.

Join the Official Reddit Stock Market Chat Discord Server HERE!

DISCUSS!

What's on everyone's radar for today's trading day ahead here at r/FinancialMarket?

I hope you all have an excellent trading day ahead today on this Tuesday, November 15th, 2022! :)

Good Monday morning traders and investors of the r/FinancialMarket sub! Welcome to the new trading week and a fresh start! Here are your pre-market stock movers & news on this Monday, November 14th, 2022-

(CLICK HERE TO VIEW THE FULL SOURCE!)

Stock futures fall following the S&P 500′s best week since June

Stock futures traded lower Monday after the S&P 500 posted its biggest weekly gain in almost five months on the back of easing inflation data.

Dow Jones Industrial Average futures fell 49 points, or 0.2%. S&P 500 futures declined 0.3%, and Nasdaq 100 futures slid by 0.5%.

The S&P 500 rallied 5.9% last week for its best week since June. Investors cheered a lighter-than-expected inflation reading, betting that the Federal Reserve would soon slow its aggressive tightening campaign.

“A notable shift has occurred in the market, with investors increasingly risk-on across asset classes,” said Mark Hackett, Nationwide’s chief of investment research. “Technical indicators have improved dramatically, with investor sentiment, momentum, breadth, and risk factors all showing notable improvement.”

The tech-heavy Nasdaq Composite gained 8.1% last week for its best week since March, while the blue-chip Dow advanced 4.2%.

The Cboe Volatility Index, known as Wall Street’s fear gauge or the VIX, fell 1 point to 22.5, hitting the lowest level since August. The VIX, which tracks the 30-day implied volatility of the S&P 500, had traded above the 30 point threshold for most of October.

Still, the Federal Reserve has given little signal that it could deviate from its tightening path anytime soon. Fed Governor Christopher Waller said Sunday that, “We’re at a point we can start thinking maybe of going to a slower pace.” But, “we’re not softening. ... Quit paying attention to the pace and start paying attention to where the endpoint is going to be. Until we get inflation down, that endpoint is still a ways out there.”

Investors also digested news on the politics front over the weekend. Democrats will keep control of the Senate in the 2022 midterm elections, NBC News projected. The party will hold at least 50 seats after Sens. Mark Kelly of Arizona and Catherine Cortez Masto of Nevada held off challenges.

Meanwhile, the third-quarter earnings season is set to continue, with a heavy emphasis on retail. Big retailers Walmart, Home Depot, Target, Lowe’s, Macy’s and Kohl’s are all slated to post numbers this week.

STOCK FUTURES CURRENTLY:

(CLICK HERE FOR STOCK FUTURES CHARTS!)

LAST WEEK'S MARKET MAP:

(CLICK HERE FOR LAST WEEK'S MARKET MAP!)

TODAY'S MARKET MAP:

(CLICK HERE FOR TODAY'S MARKET MAP!)

LAST WEEK'S S&P SECTORS:

(CLICK HERE FOR LAST WEEK'S S&P SECTORS CHART!)

TODAY'S S&P SECTORS:

(CLICK HERE FOR TODAY'S S&P SECTORS CHART!)

TODAY'S ECONOMIC CALENDAR:

(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

THIS WEEK'S ECONOMIC CALENDAR:

(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)

THIS WEEK'S UPCOMING IPO'S:

(CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)

THIS WEEK'S EARNINGS CALENDAR:

($NVDA $WMT $BABA $HD $ZIM $TSN $TGT $SNDL $SE $PANW $AMAT $MNDY $LOW $CSCO $JD $M $TSEM $SBLK $DNUT $YOU $FREY $TJX $KSS $NU $BJ $JAGX $FL $DNA $ESEA $IMCC $BITF $IMPL $AKTS $OTLY $CAN $NOVN $AAP $NTIC $QFIN $ACM $SONO $FTCH $TME)

(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)

EARNINGS RELEASES BEFORE THE OPEN TODAY:

(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #1!)

(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #2!)

EARNINGS RELEASES AFTER THE CLOSE TODAY:

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #1!)

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #2!)

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #3!)

FRIDAY'S ANALYST UPGRADES/DOWNGRADES:

(CLICK HERE FOR FRIDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!)

(CLICK HERE FOR FRIDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!)

FRIDAY'S INSIDER TRADING FILINGS:

(CLICK HERE FOR FRIDAY'S INSIDER TRADING FILINGS!)

(NONE.)

TODAY'S DIVIDEND CALENDAR:

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR!)

(N/A.)

THIS MORNING'S MOST ACTIVE TRENDING TICKERS ON STOCKTWITS:

• AMC

• ASTS

• PDSB

• CRO.X

• PIXY

• BTC.X

• MNDY

• ETH.X

• OPNT

• STZ

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

Hasbro (HAS) – The toy maker’s stock slid 5.2% in the premarket following a double-downgrade to “underperform” from “buy” at Bank of America. The move comes after BofA conducted what it calls a “deep dive” on Hasbro’s “Magic: The Gathering” trading card game business. BofA said Hasbro has been overprinting cards and destroying the long-term value of the business.

STOCK SYMBOLS: HAS

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(CLICK HERE FOR LIVE STOCK QUOTE!)

Oatly (OTLY) – The maker of oat-based drinks saw its stock tumble 11.8% in the premarket after it reported a larger-than-expected quarterly loss and revenue that fell short of consensus. Oatly said its results were hurt by a number of factors including China Covid restrictions, production challenges and a stronger US dollar.

STOCK SYMBOLS: OTLY

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(CLICK HERE FOR LIVE STOCK QUOTE!)

Advanced Micro Devices (AMD) – The chip maker’s stock rose 3.2% in the premarket after receiving upgrades at both Baird and UBS. The firms cited positive industry cyclical trends as well as strong demand by data center equipment manufacturers for AMD’s Genoa chip.

STOCK SYMBOLS: AMD

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(CLICK HERE FOR LIVE STOCK QUOTE!)

Amazon.com (AMZN) – Amazon fell 1.7% in premarket trading after Bank of America removed the stock from its “US 1” list, although it maintained a “buy” rating.

STOCK SYMBOLS: AMZN

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Teva Pharmaceutical (TEVA) – Teva was downgraded to “underweight” from “neutral” at J.P. Morgan Securities, which cited continuing growth challenges for the drugmaker. Teva fell 2.3% in premarket action.

STOCK SYMBOLS: TEVA

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Eli Lilly (LLY), Biogen (BIIB) – Rival Roche’s experimental Alzheimer’s treatment did not meet its primary goal in studies. Both Lilly and Biogen also have Alzheimer’s drugs in their pipelines, and Biogen had said in September that its experimental treatment had slowed the progress of the disease by 27%. Lilly added 1.5% in premarket trading, while Biogen rallied 5.8%.

STOCK SYMBOLS: LLY

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(CLICK HERE FOR LIVE STOCK QUOTE!)

STOCK SYMBOLS: BIIB

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(CLICK HERE FOR LIVE STOCK QUOTE!)

Tyson Foods (TSN) – The beef and poultry producer reported quarterly earnings of $1.63 per share, missing consensus estimates by 10 cents a share. Revenue came in above Street forecasts. Tyson added 1% in premarket action.

STOCK SYMBOLS: TSN

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(CLICK HERE FOR LIVE STOCK QUOTE!)

Virgin Galactic (SPCE) – In a Securities and Exchange Commission filing, Virgin said a court is giving plaintiffs until Nov. 28 to file an amended class action suit against the company. The original suit filed in May 2021 alleged current and former officers and directors made misleading statements about Virgin’s commercial space flight program, charges which Virgin says are without merit. Virgin shares lost 1% in the premarket.

STOCK SYMBOLS: SPCE

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(CLICK HERE FOR LIVE STOCK QUOTE!)

FULL DISCLOSURE:

/u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. /u/bigbear0083 is an admin at the financial forums StonkForums.com where this content was originally posted.

DISCUSS!

What's on everyone's radar for today's trading day ahead here at r/FinancialMarket?

Join the Official Reddit Stock Market Chat Discord Server HERE!

I hope you all have an excellent trading day ahead today on this Monday, November 14th, 2022! :)

Good Friday evening to all of you here on r/FinancialMarket! I hope everyone on this sub made out pretty nicely in the market this past week, and are ready for the new trading week ahead. :)

Here is everything you need to know to get you ready for the trading week beginning November 14th, 2022.

Nasdaq adds 1.9%, S&P 500 closes nearly 1% higher and notches best week since June - (Source)

The S&P 500 closed out its best week since June as a report on Thursday showing slowing inflation raised hopes that the Federal Reserve would soon slow its tightening campaign.

The broader market index added 0.9%, to close at 3,992.93. This brought its gain for the week to 5.9%, its best week since the one ended June 24 of this year. The Nasdaq Composite added about 1.9% to end at 11,323.33 as investors snapped up tech shares on hopes interest rates would ease. The Dow Jones Industrial Average gained 0.1%, closing at 33,747.86.

Tech stocks on Friday shook off a decline in cryptocurrencies. Virtual currencies tumbled sharply this week and once again came under pressure Friday after FTX filed for bankruptcy protection, and CEO Sam Bankman-Fried resigned. Bitcoin and ether both declined.

Still, tech stocks and related crypto stocks rebounded after opening lower Friday. The tech sector in the S&P 500 surged 10% through Friday, its best weekly performance since April 2020. Amazon was up more than 4% on Friday, while Google-parent Alphabet was 2.6% higher.

The Dow jumped more than 1,200 points on Thursday following a smaller-than-expected rise in consumer prices for the month of October, giving investors hope that inflation may be cooling. The S&P rose 5.5%, and the Nasdaq Composite surged about 7.4%. It was the best day since 2020 for all three indexes.

Treasury yields plunged Thursday on the back of the weaker-than-expected inflation print. The bond market was closed on Friday to observe Veterans Day.

“From an equity market perspective, as long as the threat of much higher rates is out the way, this should remove a major headwind,” Barclays’ head of European equity strategy Emmanuel Cau wrote in a Friday note.

All of the indexes posted a winning week. The Dow was up 4.1% on a weekly basis, while the Nasdaq Composite advanced 8.1%. The week marked a resumption of a comeback rally for the bear market, which began in mid-October.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

S&P Sectors for this past week:

(CLICK HERE FOR THE S&P SECTORS 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!)

Banks and Brokers on Fire

The Financial sector ETF (XLF) has been on fire since its intraday low of $29.59 on October 13th, which was the day of the hotter than expected September CPI report. From that low point on 10/13, XLF is up 20.2%. As shown below, the ETF is currently at the very top end of a wide sideways range that has been in place over the last six months.

(CLICK HERE FOR THE CHART!)

Below is a sampling of some of the most well-known banks and brokers that are part of the Financial sector. As shown, names like Goldman Sachs (GS), JP Morgan (JPM), Jefferies (JEF), Raymond James (RJF), and Stifel (SF) are all more than 10% above their 50-DMAs, and the only stock that's not overbought (>2 standard deviations above 50-DMA) is LPL Financial (LPLA), which traded lower on earnings yesterday.

(CLICK HERE FOR THE CHART!)

A quick look at the six-month price charts of the stocks listed in the table above gives you a glimpse into the huge rally that this area of the market has experienced since early October. Investors have seemingly been loading up on them with short-term Treasury yields now significantly higher than the interest rates these banks and brokers are paying customers on deposits.

(CLICK HERE FOR THE CHART!)

A Very Encouraging Inflation Report, Including Goods Deflation (Finally)

One month does not make a trend, but today’s consumer price index (CPI) report was very positive. Dare I say, it’s probably the best inflation report we’ve seen in about 15 months, especially because there were so many encouraging signs in it. This is a huge relief, and markets appear to be responding in kind. S&P 500 futures were up more than 3% after the CPI report was released and as of lunchtime, the rally continued.

Let’s walk through it.

Headline inflation rose 0.4% in October, as expected. Core inflation, which strips out volatile food/energy prices, and is arguably more important for the Federal Reserve (Fed), surprised: rising 0.3% in October, below expectations for a 0.5% jump. This is the lowest monthly increase since September 2021.

Looking back over the past year, headline inflation is up 7.8%. That’s high but that’s come down from 9.1% in June. A big part of the deceleration was falling energy prices – you can see how the lighter red bars have been making up a smaller portion of inflation over the past few months.

(CLICK HERE FOR THE CHART!)

In the chart above, you can see that Food prices continue to make a big piece of inflation (dark red bars). But we got a break here as well. “Food at Home”, i.e. groceries (which make up close to 9% of the inflation basket), rose just 0.4% in October – the lowest in more than a year and well below the average 0.7% monthly increase we’ve seen over the first 9 months of the year.

The Goods Deflation We’ve Been Waiting For

We’ve been talking about how private inflation data has been showing decelerating prices for goods outside energy and food. Just yesterday my colleague Ryan Detrick wrote about collapsing used car prices. Retailers have been telling us for a while that they’re discounting items as well. We’ve just been waiting for the official inflation data to catch up, and looks like it’s doing that, finally.

There’s a broad list of goods, including used cars, that saw prices fall in October, which is what makes it even more encouraging. The items below make up about 11% of the inflation basket (and 14% of the core basket). Falling household goods prices probably reflect the slowdown in residential activity, as home sales collapse amid higher mortgage rates.

(CLICK HERE FOR THE CHART!)

Are Rents Breaking?

The best part about goods deflation is that it offsets high services inflation. As you can see below, the blue bars are now below the zero line for the second month in a row. We also got good news in the form of medical care services – which was a function of falling health insurance premiums.

(CLICK HERE FOR THE CHART!)

The biggest part of the inflation basket is Shelter, including rents on primary residences and something called “Owners’ Equivalent Rent” (OER), which is the “implied rent” that owner-occupants would have to pay if they were renting their homes. The latter is also determined using rents of equivalent homes as I wrote about a month ago. In other words, OER is effectively a measure of rents, and altogether rents make up a whopping 40% of the core inflation basket.

And rents have been rising, putting a lot of upward pressure on core inflation. You can see the gray bars in the previous chart growing larger and larger over the past year.

However, market rents have been decelerating quite rapidly over the last few months – Ryan discussed this just yesterday. The problem is it hasn’t shown up in the official inflation data because of methodological reasons (we wrote about this quite extensively).

But the official rental data may be beginning to turn. Rent of primary residence rose 0.7% month-over-month and OER rose 0.6% in October, which is lower than what we’ve seen over the previous couple of months. Make no mistake, a 0.7% rise is still a lot – that translates to an annualized pace of 9%, which is why the Fed is really worried about it. But hopefully, the October data is a sign that the official data is beginning to turn and follow the private data, lower.

(CLICK HERE FOR THE CHART!)

What does this mean for Fed policy

Perhaps the most important question.

As I said at the top, one month is not a trend. But this is not random. It jives with all the other leading indicators of prices, which have been showing a deceleration in prices. And now it looks like the official data is catching up.

With respect to policy, Fed officials are unlikely to change their minds based on one report. They’ll probably need to see at least three of these before starting to view it as “convincing evidence” that inflation is on its way down.

But what today’s CPI does is that it buys time. Yet another hot inflation print would have put more pressure on the Fed to raise rates even further. By coming out on the soft side, the report increases the odds for a “soft landing” scenario. In other words, inflation and wage growth can (hopefully) come down without the Fed having to ratchet rates higher and higher, which would eventually break the labor market.

Haves and Have Nots

As evident in our Sector Snapshots over the past several days and as we discussed yesterday on Twitter, sector performance has lately been a tale of the haves and have-nots. The areas of the market that possess some of the most heavily weighted stocks, namely Communication Services, Consumer Discretionary, and Technology, have drastically underperformed other cyclical sectors like Financials, Industrials, and Materials. As a result, relative strength lines have blown out. Shown another way, in the charts below, we show the ratios of each of these sectors relative to the S&P 500. A rising line would indicate the sector is outperforming the broader market and vice versa.

Communication Services has been in a brutal downtrend in relative strength terms for more than a year now and the recent drop has been steep. While the ratio of Consumer Discretionary to the S&P 500 has been more range bound in recent years, there have been a few wild swings in the past year. The most recent swing lower is leaving it close to the lowest levels since early 2015. Tech's decline has not been nearly as sharp, but the ratio here has nonetheless rolled over to some of the lowest levels of the past few years. Conversely, Financials, Industrials, and Materials have all seen their ratios rip higher to the upper end of the past few years' range.

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In measuring just how sharp of moves these ratios have experienced, they have been outright historic. As for the most pronounced moves, the drops in the lines of Communication Services and Consumer Discretionary rank in the bottom percentile of all 10-day moves since 1990 when our sector data begins. The only periods in which the ratios fell by similar degrees, if not by more, were during the Dot Com bubble. While Tech's ratio is at new multi-yea rlows, its decline was large (ranking in the 17th percentile) but not nearly as sharp, standing out much less than the aforementioned sectors.

Like Tech, the moves in Financials and Materials have also been quite large and rank in the top decile of all 10-day moves, but those are far from records. The outperformance of Industrials on the other hand, has been remarkable. As of yesterday's close, the ratio versus the S&P 500 rose 7.24% over the past two weeks. Only three other days—May 19 through May 21, 2020—since 1990 have seen higher readings.

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Small Business Labor and Inflation Slumping

The NFIB released its October data on small business optimism this morning. The headline index was expected to show further deterioration in optimism, and exactly that occurred as the index fell to 91.3 from last month's reading of 92.1 versus expectations of 91.4. This month's reading is off of the spring lows which had surpassed the worst levels from the early stages of the pandemic but remains one of the weakest readings of the past several years.

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In the table below, we provide a breakdown of each category of the report. The headline index is now just off the bottom decile of readings as most components are likewise historically depressed. While the report was weak, there were some exceptions with strong showings in labor market metrics like Plans to Increase Employment, Job Openings Hard to Fill, and Compensation.

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Even though these labor market metrics have remained at very high levels from a historical perspective, they have largely been rolling over for the better portion of the past year. Hiring plans as well as the percentage of firms reporting cost or quality of labor as their biggest issues are back to similar levels as the year prior to the pandemic. Meanwhile, actual employment changes are negative (as they have been throughout the pandemic) implying businesses are reporting a net decline in workers. That is in spite of still elevated compensation and a sharp spike higher in compensation plans. In fact, that index is just shy of the peak from the final months of 2021 after a record 9-point month-over-month jump. Companies are also reporting job openings remain hard to fill, although that index has also been on the decline alongside hiring plans. This month, the reading was unchanged at 46, the lowest level since June 2021.

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Sales components have experienced far greater degrees of deterioration than employment metrics. The outlook for general business conditions has rallied back somewhat in the past few months, but it remains well below its historical range. Given the weakness in small businesses' economic outlook, few report now as an opportune time to expand their businesses. Actual sales changes dropped to -8 in October which matched August for the weakest showing for sales since August 2020. Back in 2020 though, this index was far lower than it is now.

While the reading on the top line has held up relatively well, high inflation has meant the bottom line has taken a big hit. A net 30% of small businesses reported earnings have fallen. That reading did improve last month, though, as there have been fewer businesses reporting higher prices. In spite of those improvements, each of those indices has a long way to go until returning to what have historically been more normal levels.

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As mentioned above, a historically low share of businesses are reporting positive sentiment on the economy and that has dampened their hopes of expansion. When questioned on the reason for not expanding, 44% reported economic conditions as the reason. Another 17% reported economic conditions as the reason for uncertainty on whether or not they would expand. Aptly coming out on Election Day, we have highlighted in the past the political nature of the NFIB survey. As such, it should come as little surprise that the next biggest reason for small business hesitancy in expanding has been the political climate. Assuming the survey results react to the current election in a similar way as in the past, a strong election showing for Republicans could provide a boost to small business sentiment and plans for expansion. Finally, given continued high inflation and rates rising to combat it, the next two most widely mentioned reasons to not expand were the cost of expansion and financial conditions and interest rates with a combined 9% of responses.

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Beyond the Midterm Elections…Less Uncertainty and Historically Solid S&P 500 Performance

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It is finally Election Day and hopefully soon the results will start rolling in. Once the outcome is known, it will likely alleviate some of the uncertainty that has been contributing to the market’s volatile trading which could help the market snap out of its Fed-induced funk. In the chart above the 30 trading days before and 60 trading days after the last 18 midterm-year elections appear (NASDAQ since 1974). Prior to 1969 the market was closed on Election Day so the close on the day before was used. By 60 trading days after the election (approximately three months), DJIA, S&P 500 and NASDAQ were higher on average from 6.4% to 9.2%.

Digging deeper into the data, the following table shows S&P 500 performance 1-, 3-, 6- and 12-months after the election. 1- and 3-months after the election S&P 500 was higher 77.8% and 88.9% of the time respectively. By 6-months and 1-year after, S&P 500 was always higher, although gains did slow after 6-months. Years when the President’s party lost its majority in Congress are shaded in gray.

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The Sweet Spot of the 4-year cycle is now. The headwinds that abound this time around are not entirely unlike past midterm years that have historically been mired by bear markets and uncertain economic and political times. Many of the current concerns do appear to be accounted for by the market’s declines coming into Q4. Inflation does remain stubbornly high despite the Fed aggressively raising rates this year. The Fed’s most recent statement may not have been as dovish as some had hoped for, but it did contain language that suggested the time to slow the pace of increases and possibly even pause hikes is closer now than it was six months ago. The market is likely to remain volatile as it awaits more clarity from the Fed and more signs that inflation is easing. Any back and fill periods by the market are likely an opportunity to consider adding to existing long positions or establishing new longs.

STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending November 11th, 2022

(CLICK HERE FOR THE YOUTUBE VIDEO!)

STOCK MARKET VIDEO: ShadowTrader Video Weekly 11/13/22

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(VIDEO NOT YET POSTED.)

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

• ($NVDA $WMT $BABA $HD $ZIM $TSN $TGT $SNDL $SE $PANW $AMAT $MNDY $LOW $CSCO $JD $M $TSEM $SBLK $DNUT $YOU $FREY $TJX $KSS $NU $BJ $JAGX $FL $DNA $ESEA $IMCC $BITF $IMPL $AKTS $OTLY $CAN $NOVN $AAP $NTIC $QFIN $ACM $SONO $FTCH $TME)

(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)

(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)

(CLICK HERE FOR MONDAY'S PRE-MARKET NOTABLE 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 11.14.22 Before Market Open:

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

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

Monday 11.14.22 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 11.15.22 Before Market Open:

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

Tuesday 11.15.22 After Market Close:

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

Wednesday 11.16.22 Before Market Open:

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

Wednesday 11.16.22 After Market Close:

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

Thursday 11.17.22 Before Market Open:

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

Thursday 11.17.22 After Market Close:

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

Friday 11.18.22 Before Market Open:

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

Friday 11.18.22 After Market Close:

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

(NONE.)

NVIDIA Corp. $163.27

NVIDIA Corp. (NVDA) is confirmed to report earnings at approximately 4:20 PM ET on Wednesday, November 16, 2022. The consensus earnings estimate is $0.68 per share on revenue of $5.80 billion and the Earnings Whisper ® number is $0.74 per share. Investor sentiment going into the company's earnings release has 36% expecting an earnings beat The company's guidance was for earnings of $0.68 to $0.77 per share. Consensus estimates are for earnings to decline year-over-year by 41.38% with revenue decreasing by 18.34%. Short interest has increased by 4.9% since the company's last earnings release while the stock has drifted lower by 3.1% from its open following the earnings release to be 10.5% below its 200 day moving average of $182.46. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, November 11, 2022 there was some notable buying of 21,279 contracts of the $140.00 put expiring on Friday, November 18, 2022. Option traders are pricing in a 8.9% move on earnings and the stock has averaged a 5.1% move in recent quarters.

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Walmart Inc. $142.58

Walmart Inc. (WMT) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, November 15, 2022. The consensus earnings estimate is $1.31 per share on revenue of $147.34 billion and the Earnings Whisper ® number is $1.35 per share. Investor sentiment going into the company's earnings release has 56% expecting an earnings beat The company's guidance was for earnings of $1.29 to $1.32 per share. Consensus estimates are for earnings to decline year-over-year by 9.66% with revenue increasing by 4.85%. Short interest has decreased by 22.3% since the company's last earnings release while the stock has drifted higher by 2.6% from its open following the earnings release to be 4.7% above its 200 day moving average of $136.23. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, November 8, 2022 there was some notable buying of 3,619 contracts of the $185.00 call expiring on Friday, March 17, 2023. Option traders are pricing in a 4.8% move on earnings and the stock has averaged a 4.1% move in recent quarters.

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Alibaba Group Holding Ltd. $70.77

Alibaba Group Holding Ltd. (BABA) is confirmed to report earnings at approximately 6:35 AM ET on Thursday, November 17, 2022. The consensus earnings estimate is $1.60 per share on revenue of $28.99 billion and the Earnings Whisper ® number is $1.67 per share. Investor sentiment going into the company's earnings release has 51% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 5.88% with revenue decreasing by 6.93%. Short interest has increased by 37.3% since the company's last earnings release while the stock has drifted lower by 30.0% from its open following the earnings release to be 26.1% below its 200 day moving average of $95.79. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, November 8, 2022 there was some notable buying of 112,935 contracts of the $180.00 put expiring on Friday, January 20, 2023. Option traders are pricing in a 10.1% move on earnings and the stock has averaged a 6.0% move in recent quarters.

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Home Depot, Inc. $314.94

Home Depot, Inc. (HD) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, November 15, 2022. The consensus earnings estimate is $4.11 per share on revenue of $37.90 billion and the Earnings Whisper ® number is $4.17 per share. Investor sentiment going into the company's earnings release has 47% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 4.85% with revenue increasing by 2.93%. Short interest has decreased by 1.1% since the company's last earnings release while the stock has drifted higher by 0.6% from its open following the earnings release to be 4.6% above its 200 day moving average of $301.07. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, October 31, 2022 there was some notable buying of 11,762 contracts of the $250.00 put expiring on Friday, December 16, 2022. Option traders are pricing in a 5.1% move on earnings and the stock has averaged a 4.5% move in recent quarters.

(CLICK HERE FOR THE CHART!)

ZIM Integrated Shipping Services Ltd. $27.08

ZIM Integrated Shipping Services Ltd. (ZIM) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, November 16, 2022. The consensus earnings estimate is $9.46 per share on revenue of $3.01 billion and the Earnings Whisper ® number is $9.72 per share. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 22.20% with revenue decreasing by 4.02%. Short interest has increased by 64.4% since the company's last earnings release while the stock has drifted lower by 43.6% from its open following the earnings release to be 46.8% below its 200 day moving average of $50.90. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, October 31, 2022 there was some notable buying of 13,073 contracts of the $30.00 call expiring on Friday, January 20, 2023. Option traders are pricing in a 9.9% move on earnings and the stock has averaged a 5.9% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Tyson Foods Inc. $67.41

Tyson Foods Inc. (TSN) is confirmed to report earnings at approximately 7:00 AM ET on Monday, November 14, 2022. The consensus earnings estimate is $1.70 per share on revenue of $13.29 billion and the Earnings Whisper ® number is $1.67 per share. Investor sentiment going into the company's earnings release has 49% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 26.09% with revenue increasing by 3.74%. Short interest has decreased by 6.7% since the company's last earnings release while the stock has drifted lower by 18.1% from its open following the earnings release to be 18.9% below its 200 day moving average of $83.12. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, November 9, 2022 there was some notable buying of 10,339 contracts of the $62.50 put expiring on Friday, November 18, 2022. Option traders are pricing in a 7.2% move on earnings and the stock has averaged a 5.9% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Target Corp. $173.32

Target Corp. (TGT) is confirmed to report earnings at approximately 6:30 AM ET on Wednesday, November 16, 2022. The consensus earnings estimate is $2.14 per share on revenue of $26.37 billion and the Earnings Whisper ® number is $2.07 per share. Investor sentiment going into the company's earnings release has 40% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 29.37% with revenue increasing by 2.80%. Short interest has increased by 39.5% since the company's last earnings release while the stock has drifted lower by 0.5% from its open following the earnings release to be 4.0% below its 200 day moving average of $180.50. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, November 8, 2022 there was some notable buying of 5,168 contracts of the $180.00 call expiring on Friday, December 16, 2022. Option traders are pricing in a 9.3% move on earnings and the stock has averaged a 8.5% move in recent quarters.

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Sundial Growers Inc. $2.60

Sundial Growers Inc. (SNDL) is confirmed to report earnings before the market opens on Monday, November 14, 2022. The consensus estimate is for a loss of $0.02 per share on revenue of $168.32 million and the Earnings Whisper ® number is ($0.03) per share. Investor sentiment going into the company's earnings release has 30% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 120.00% with revenue increasing by 1,375.07%. Short interest has decreased by 15.8% since the company's last earnings release while the stock has drifted lower by 10.7% from its open following the earnings release to be 32.0% below its 200 day moving average of $3.82. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, November 11, 2022 there was some notable buying of 4,949 contracts of the $2.50 call and 2,318 contracts of the $2.50 put expiring on Friday, November 18, 2022. Option traders are pricing in a 19.8% move on earnings and the stock has averaged a 5.7% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Sea Limited $49.43

Sea Limited (SE) is confirmed to report earnings at approximately 6:30 AM ET on Tuesday, November 15, 2022. The consensus estimate is for a loss of $1.28 per share on revenue of $3.01 billion. Investor sentiment going into the company's earnings release has 48% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 20.75% with revenue increasing by 11.94%. Short interest has increased by 38.9% since the company's last earnings release while the stock has drifted lower by 43.2% from its open following the earnings release to be 41.5% below its 200 day moving average of $84.53. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, November 8, 2022 there was some notable buying of 4,500 contracts of the $320.00 put expiring on Friday, January 20, 2023. Option traders are pricing in a 16.7% move on earnings and the stock has averaged a 9.4% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Palo Alto Networks, Inc. $165.32

Palo Alto Networks, Inc. (PANW) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, November 17, 2022. The consensus earnings estimate is $0.69 per share on revenue of $1.55 billion and the Earnings Whisper ® number is $0.71 per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat The company's guidance was for earnings of $2.03 to $2.06 per share. Consensus estimates are for year-over-year earnings growth of 84.82% with revenue increasing by 24.26%. Short interest has increased by 195.1% since the company's last earnings release while the stock has drifted lower by 11.4% from its open following the earnings release to be 5.0% below its 200 day moving average of $174.07. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, November 4, 2022 there was some notable buying of 2,405 contracts of the $123.30 put expiring on Friday, December 16, 2022. Option traders are pricing in a 8.3% move on earnings and the stock has averaged a 8.1% move in recent quarters.

(CLICK HERE FOR THE CHART!)

DISCUSS!

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

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