Q3 Earnings Season on the Way!

The Dow Jones soared on Tuesday to a new historic high thanks to the surge in the stock of Walmart (WMT). Amazon (AMZN) and Facebook (FB), though, lost altitude. Investors’ focus, now, will gravitate to the Q3 earnings season.

Walmart (WMT) soared 4.47% to a two-and-a-half year high after releasing a forecast that it expects online sales to skyrocket 40% next year. The biggest U.S. retail chain also announced a huge stock buyback initiative in the amount of $20 billion. The Q3 earnings season will kick off this coming Thursday with the numbers of J.P. Morgan (JPM) and Citigroup (C). The S&P 500 has recorded gains of 14% year-to-date, investors betting on strong earnings growth in S&P 500 firms.

Daily Summary: The Dow rose 0.31%, the S&P 500 advancing 0.23%, the NASDAQ tacking on 0.11%.

The tech sector (XLK) has recorded the best performance of the 11 tech sectors year-to-date, though ended yesterday unchanged. Facebook (FB) fell 0.53%, NVIDIA (NVDA) jumping 1.93% after revealing its cutting edge chips for autonomous cars. The stock is trading up 182% on the year.

Airline companies saw considerable strength. American Airlines (AAL) jumped 4.8%, United Continental (UAL) surging 4.67% after both companies released encouraging Q3 forecasts. Delta Airlines (DAL), which is expected to report today, ended up 1.85%.

About 5.6 billion shares traded hands on U.S. exchanges, beneath the 6.1 billion average over the last 20 trading days.

Wednesday: Players are sharpening their knives for the Q3 earnings season. Before opening today, FAST and DAL will report their financial results. The economic diary today will focus on the JOLTS job figures which will be released at 10:00 N.Y. time. The minutes from the latest Fed meeting will be released at 14:00 and are expected to cause a rise in volatility in the last 2 hours of trading.

Index Last Daily change
DJX 22,831 0.31% Up
SPX 2,551 0.23% Up
Nasdaq 6,587 0.11% Up

Today’s Hot Stocks: DAL, CUDA, MU, AVGO

 

Economic Calendar

 

DAY TIME (EST) Event Forecast Impact
Monday Columbus Day – Markets Open
Tuesday 6:00 NFIB Small Business Optimism Index 105.4 Medium
Wednesday 10:00 JOLTS 6.160 M Medium
Wednesday 14:00 FOMC Minutes High
Thursday 8:30 Jobless Claims 252 K Medium
Thursday 8:30 PPI 0.4 % High
Thursday 11:00 Oil Inventories Low
Friday 8:30 Consumer Price Index 0.6 % High
Friday 8:30 Retail Sales 1.9 % Medium
Friday 10:00 Business Inventories 0.6 % Medium
Friday 10:00 Consumer Sentiment High

 

 

Earning Calendar

 

Symbol Company AM/PM Day
FAST Fastenal Company AM Wednesday
DAL Delta Air Lines, Inc. AM Wednesday
DPZ Domino’s Pizza, Inc. AM Thursday
C Citigroup Inc. AM Thursday
JPM JPMorgan Chase & Co. AM Thursday
BAC Bank of America Corporation AM Friday
WFC Wells Fargo & Company AM Friday
JBHT J.B. Hunt Transport Services, Inc. AM Friday
 

Today’s Picks – Day Trading!

Symbol Breakout Breakdown Momentum Momentum
CFG 38.06 HMNY APA
MCD 161.72 AAL W
ZGNX 41.65 BIDU SHOP
MO 65.17 NTNX  
CBS 56.91 ANAB  

 

New York Strategy Swing

# Date Stock Long\

Short

Statues Data Close Profit\

Loss

1 1.9.2017 VNTV Long Close 14.9.2017 +1.35%
2 12.9.2017 CPB Short Close 15.9.2017 -1.10%
3 18.9.2017 INSM Long Close 22.9.2017 +1.92%
4 25.9.2017 GPS Long Close 2.10.2017 +1.69%
5 27.9.2017 SQM Long Close 29.9.2017 +1.69%
6 2.10.2017 ATI Long Close 6.10.2017 +3.12%
7 2.10.2017 TROX Long Open   +10.94%
8 3.10.2017 ABT Long Open +2.03%
9 9.10.2017 ZGNX Long Open +4.60%
10