January Ends in the Green

IndexLastDaily changeR2R1PPS1S2
DJX19,864(-0.54%)Down     
SPX2,279(-0.09%)Down228.43227.98227.15226.70225.87
Nasdaq5,6150.02%Up125.09124.83124.34124.08123.59

The S&P 500 fell yesterday for the fourth time in a row, weighed down by sectors sensitive to economic growth on the background of disappointment from earnings results and persistent concerns about the priorities of the Trump administration.

Tech and financial stocks recorded the sharpest losses on the S&P 500, while the health sector (XLV) soared 1.6%, helping offset some of the index’s losses – and pushing the S&P 500 far from the daily bottom.

In summary for the day, the S&P 500 closed slightly off by 0.09%, the NASDAQ tacking on 0.02%. The Dow Jones fell 0.54% on the day.

The S&P 500 recorded its fourth straight day of losses, its longest losing streak since the period leading up to the elections. In tandem, the 3 large indexes ended the month of January up, with the NASDAQ surging 4.3%, making it its strongest month since July ’16.

The President of the United States of America, Donald Trump, met with the heads of some of the largest American pharmaceutical companies in a move seen as aimed at tapering the anxiety besetting pharma stocks that had caused them to lag behind after the U.S. elections.

In tandem, some of investors’ concerns revolve around the fact that Trump’s focus doesn’t seem to be on the issues that prompted the sharp market rally after the election results were finalized on November 8th, like tax reform and fiscal stimulus.

One of the stocks standing out in yesterday’s trading was the parcel delivery company, U.P.S. (UPS) which fell by 6.8% to $109.13, weighing on most of the transportation and industrial sector, after having reported a loss last quarter and lowering its full year 2017 forecast.

The fashion chain, Under Armour (UA), lost almost a quarter of its market cap yesterday, plunging 23.4% to the $19.22 level.

Despite the negative market movement caused by political headlines over the last few days, some are placing their faith in fundamentals, hoping they will support stock prices. Projections have firm earnings recording Q4 growth of 7.1%, revenues forecasted to rise 4.2%. Economic momentum is solid and the job market is functioning well.

On the S&P 500, 10 stocks rose to new 52-week highs, 4 dipping to new yearly lows; on the NASDAQ, 82 stocks recorded new 52-week highs, 48 falling to new yearly lows.

All-in-all, 6.7 billion shares changed hands on U.S. exchanges, slightly above the 6.65 billion average over the last 20 trading days.

Wednesday: The Fed is expected to take center-stage today, the central bank, though, likely to alter market sentiment as well. Strategists are saying that while the Fed isn’t expected to hike rates at the end of its 2-day policy meeting which kicked off yesterday, it is expected to reiterate its intent to hike rates 3 times this year, by 0.75% altogether. The Fed announcement will be coming out at 14:00 N.Y. time.

Stocks are likely to respond positively to the earnings of Apple (AAPL) which reported strong quarterly numbers yesterday after closing. Apple jumped 3% after releasing its results. The tech powerhouse reported earnings of $3.36 per share on revenues of $78.40 billion, making it the company’s highest quarterly revenue figure ever. Sales of the iPhone came to 78.3 million units, beating last quarter’s figure of 74.8 million units. The company’s cash pile has reached a new high of $159 billion, most of the moneys though held overseas.

Besides the Fed announcement, today’s economic diary will include car sales, carmakers releasing their numbers throughout the day. The ISM manufacturing sector index will be released at 10:00 and Markit’s PMI figures will be released slightly earlier at 9:45. Before the trading day opens, different employment-related numbers will be released, giving an insight into what to expect on Friday morning. Today, the ADP survey for the private sector will be released at 8:15, the consensus being that 164 thousand new positions were added.

Today will likewise be a busy day on the earnings report front. Before opening, the troupe of reporters will include: MPC, MO, IR, JCI, and TUP. After closing, be on the lookout for the numbers of Facebook (FB), alongside MET, ALL, TSCO, CRUS, and SYMC.

Wednesday’s Hot Stocks: AAPL, EA, MTCH, MPC, IR, TUP

IPOs: None

Have a great trading day!

Economic Calendar

 

DAYTIME (EST)EventForecastImpact
Monday8:30Personal Income0.4%Medium
Monday8:30Personal Spending0.4%Medium
Monday10:00Pending Home Sales1.3%Medium
Tuesday9:00S&P Case Shiller Home Price Index5.0%Medium
Tuesday9:45Chicago PMI55.0Medium
Tuesday10:00Consumer Confidence112.5High
Wednesday8:15ADP Employment Change165KHigh
Wednesday10:00ISM Index55.0High
Wednesday10:00Construction Spending0.2%Medium
Wednesday10:30Crude InventoriesLow
Wednesday14:00FOMC Rate Decision0.625%High
Wednesday14:00Auto SalesLow
Thursday8:30Initial Claims250KHigh
Thursday8:30Unit Labor Costs1.9%Medium
Friday8:30Nonfarm Payrolls170KHigh
Friday8:30Unemployment Rate4.7%High
Friday10:00Factory Orders1.4%Medium
Friday10:00ISM Services57.0Medium

 

Earning Calendar

 

SymbolCompanyAM/PMDay
ZBHZimmer Biomet Holdings, Inc.AMTuesday
NUENucor CorporationAMTuesday
PCARPACCAR IncAMTuesday
VLOValero Energy CorporationAMTuesday
ABCAmerisourceBergen CorporationAMTuesday
HOGHarley-Davidson, Inc.AMTuesday
PNRPentair plcAMTuesday
NDAQNasdaq, Inc.AMTuesday
TMOThermo Fisher Scientific Inc.AMTuesday
DHRDanaher CorporationAMTuesday
AETAetna Inc.AMTuesday
MAMastercard IncorporatedAMTuesday
LLYEli Lilly and CompanyAMTuesday
UPSUnited Parcel Service, Inc.AMTuesday
PFEPfizer Inc.AMTuesday
XOMExxon Mobil CorporationAMTuesday
AAPLApple Inc.PMTuesday
CBChubb LimitedPMTuesday
APCAnadarko Petroleum CorporationPMTuesday
CHRWC.H. Robinson Worldwide, Inc.PMTuesday
OKSONEOK Partners, L.P.PMTuesday
AFLAflac IncorporatedPMTuesday
EAElectronic Arts Inc.PMTuesday
ILMNIllumina, Inc.PMTuesday
PPLPPL CorporationAMWednesday
IRIngersoll-Rand PlcAMWednesday
BAXBaxter International Inc.AMWednesday
MPCMarathon Petroleum CorporationAMWednesday
MPLXMPLX LPAMWednesday
JCIJohnson Controls International plcAMWednesday
ADPAutomatic Data Processing, Inc.AMWednesday
MOAltria Group, Inc.AMWednesday
FBFacebook, Inc.PMWednesday
METMetLife, Inc.PMWednesday
LNCLincoln National CorporationPMWednesday
SYMCSymantec CorporationPMWednesday
ALLThe Allstate CorporationPMWednesday
NXPINXP Semiconductors N.V.PMWednesday
EWEdwards Lifesciences CorporationPMWednesday
IPInternational Paper CompanyAMThursday
CICigna CorporationAMThursday
BSXBoston Scientific CorporationAMThursday
ELThe Estee Lauder Companies Inc.AMThursday
COPConocoPhillipsAMThursday
CMECME Group Inc.AMThursday
PMPhilip Morris International Inc.AMThursday
MRKMerck & Co., Inc.AMThursday
AMZNAmazon.com, Inc.PMThursday
VVisa Inc.PMThursday
AMGNAmgen Inc.PMThursday
MSIMotorola Solutions, Inc.PMThursday
WYWeyerhaeuser Co.AMFriday
HSYThe Hershey CompanyAMFriday
LYBLyondellBasell Industries N.V.AMFriday
CLXThe Clorox CompanyAMFriday
PSXPhillips 66AMFriday

 

1.2.2017

Today’s Picks – Day Trading!

SymbolBreakoutBreakdownMomentumMomentum
DLR108.35NDAQCNX
TWX97.21CYNOUPS
COMM38GKOSVLO
SLCA59.86QTXN
DVMT63BLUETPX
AIG64JUNOUVV
C55.42NBIX 
TPX42.50IONS 
 ACAD 
 CC 
 CLVS 
 DRYS 


New York Strategy Swing

#DateStockLong\

Short

StatuesData CloseProfit\

Loss

15.12.2016CSCLongClose6.12.2016-1.62%
26.12.2016YYShortClose7.12.2016+0.72%
37.12.2016ROSTLongClose14.12.2016+0.42%
49.12.016TWLOShortClose13.12.2016+2.01%
512.12.2016PDCOLongClose14.12.2016+0.48%
613.12.2016TLRDLongOpen22.12.2016+1.87%
713.12.2016IGTShortClose14.12.2016-0.19%
814.12.2016CCLongClose21.12.2016+0.52%
929.12.2016JWNShortClose6.1.2017+3.45%
106.1.2017TRGPLongClose9.1.2017+0.20%
119.1.2017NVDALongClose17.1.2017+1.02%
1210.1.2017TLRDLongClose10.1.2017-3.27%
1313.1.2017LWLongClose26.1.2017+0.09%
1431.1.2017ATILongOpen +0.46%
15 
16 


Today’s Picks – Swing “New-York Strategy

No.1 – FAST  

Company NameFastenal Company
Entry Point50.24
Stop Area49.20
1st Target50.95
Swing Target51.51
Avg. Volume2.76M
SectorServices | Industrial Equipment Wholesale
Earning Date
Risk RateNormal
Risk\Reward Ratio1.22:1

No.2 – AKAO

Company NameAchaogen
Entry Point16.27
Stop Area14.98
1st Target16.90
Swing Target18.94
Avg. Volume2.54M
SectorHealthcare | Biotechnology
Earning Date
Risk RateNormal
Risk\Reward Ratio2.07:1