The Guinness Book of World Records

Index Last Daily change R2 R1 PP S1 S2
DJX 20,743 0.58% Up          
SPX 2,365 0.60% Up 237.41 236.95 236.23 235.77 235.05
Nasdaq 5,866 0.47% Up 130.86 130.66 130.32 130.12 129.78

By: Shlomo Cooper, Senior Analyst at Tradenet

Investors were happy to return to the market from their long weekends and be greeted by continued historic highs, appearing now at a breathtaking daily pace. Stocks on Wall Street soared to new, fresh highs on Tuesday, on the background of strong earnings numbers from Walmart (WMT) and Home Depot (HD), as well as continued optimism from the economic agenda of President Trump. WMT recorded the best performance on the Dow Jones, trading up 3% after the world’s #1 retailer reported higher than expected sales figures. HD rose 1.4% after the do-it-yourself chain reported top and bottom line numbers that beat out the consensus, riding the wave of the strong real estate market.

All of the 11 sectors on the S&P 500 traded up, with almost one out of 5 stocks on the index recording a 52-week high. The S&P 500 has climbed 10.6% since the November 8th elections, a rally sparked by campaign promises for tax reform, slashed regulation and a significant increase in infrastructure spending.

In summary for the day, the S&P 500 recorded gains of 0.6%, the NASDAQ climbing 0.47%. The Dow Jones rose 0.58%. All-in-all, the 3 indexes closed at all-time highs. With its latest gains, the S&P 500 is trading at a 12-month forward PE of 17.8, significantly above the long-term average of 15.

Now, heading into the last leg of the Q4 earnings season, the aggregate earnings of S&P 500 companies are expected to record growth of 7.5%. The earnings season is proving itself to be substantially better than expected – and that’s exactly what investors were looking for. In other words, investors were looking for something that could justify market price levels.

On the S&P 500, 93 stocks rose to new 52-week highs, without a single stock dipping to a new yearly low; on the NASDAQ, 223 stocks recorded new 52-week highs, 26 falling to new yearly lows.

About 6.7 billion shares changed hands on U.S. exchanges, slightly beneath the 6.8 billion average over the last 20 trading days.

Tuesday: The market is vulnerable today to a surprise from the Fed that could very well materialize – despite the fact that the central bank minutes to be released today are already rather out of date. Traders aren’t expecting the market to respond big time to what’s all-in-all old news. The risk factors, though, take on two forms. Firstly, the Fed could come out sounding too market friendly, in contrast with the latest statements made by some Fed bankers. On the flipside, though, the Fed’s likely to sound less compromising than it did in the latest policy statement which came out immediately after the FOMC meeting on February 1st, when rates were left unchanged.

Earlier in the month, the Fed announcement, coupled by so-so wage figures in January’s employment report, had lowered March rate hike expectations, which had already been low. Expectations have risen a little since then, after Fed Chairwoman, Janet Yellen, took a tougher stance and expressed confidence in the economy in her most recent congressional testimony last week. Yellen stressed that a rate hike in March is on the table and that in effect, every and any meeting could potentially feature a rate hike. Higher than expected inflation and additional figures also bolster the chances of a March hike. With that said, most analysts are still placing their bets on June for the next hike.

The Fed will release the minutes from its latest interest rate meeting today at 14:00 N.Y. time. Other figures on the economic front today will include existing home sales at 10:00.

Other earnings reports before opening today include: DISH, TJX, TOL, SIX, and GRMN. The companies reporting today after closing include, among others, TSLA, HPE, LB, FIT, SUN, and RIG.

Wednesday’s Hot Stocks: TJX, TOL, DISH, SIX, FSLR, TRCO, TXRH, MBLY

IPOs: None

Have a great trading day!  

Economic Calendar

 

DAY TIME (EST) Event Forecast Impact
Wednesday 10:00 Existing Home Sales 5.57M Medium
Wednesday 14:00 FOMC Minutes High
Thursday 8:30 Initial Claims 242K High
Thursday 9:00 FHFA Housing Price Index 0.4% Medium
Thursday 11:00 Crude Inventories Low
Friday 10:00 Michigan Sentiment – Final 95.8 High
Friday 10:00 New Home Sales 566K Medium

 

Earning Calendar

 

Symbol Company AM/PM Day
VIPS Vipshop Holdings Limited PM Monday
WAB Westinghouse Air Brake Technologies Corporation AM Tuesday
M Macy’s, Inc. AM Tuesday
EXPD Expeditors International of Washington, Inc. AM Tuesday
AAP Advance Auto Parts, Inc. AM Tuesday
GPC Genuine Parts Company AM Tuesday
HD The Home Depot, Inc. AM Tuesday
WMT Wal-Mart Stores, Inc. AM Tuesday
EXAS Exact Sciences Corporation AM Tuesday
ARIA ARIAD Pharmaceuticals, Inc. AM Tuesday
PWR Quanta Services, Inc. AM Tuesday
XPO XPO Logistics, Inc. PM Tuesday
TEX Terex Corporation PM Tuesday
FSLR First Solar, Inc. PM Tuesday
WLL Whiting Petroleum Corporation PM Tuesday
NEM Newmont Mining Corporation PM Tuesday
WCN Waste Connections, Inc. PM Tuesday
FE FirstEnergy Corp. PM Tuesday
NFX Newfield Exploration Company PM Tuesday
CPRT Copart, Inc. PM Tuesday
SIX Six Flags Entertainment Corporation AM Wednesday
LAMR Lamar Advertising Company AM Wednesday
GRMN Garmin Ltd. AM Wednesday
MBLY Mobileye N.V. AM Wednesday
NCLH Norwegian Cruise Line Holdings Ltd. AM Wednesday
DISH DISH Network Corporation AM Wednesday
HCN Welltower Inc. AM Wednesday
SO The Southern Company AM Wednesday
TJX The TJX Companies, Inc. AM Wednesday
EV Eaton Vance Corp. AM Wednesday
TOL Toll Brothers, Inc. AM Wednesday
HFC HollyFrontier Corporation AM Wednesday
SINA SINA Corporation PM Wednesday
WPX WPX Energy, Inc. PM Wednesday
RIG Transocean Ltd. PM Wednesday
SQ Square, Inc. PM Wednesday
NBR Nabors Industries Ltd. PM Wednesday
SLCA U.S. Silica Holdings, Inc. PM Wednesday
OAS Oasis Petroleum Inc. PM Wednesday
CLVS Clovis Oncology, Inc. PM Wednesday
CAKE The Cheesecake Factory Incorporated PM Wednesday
TSRA Tessera Holding Corporation PM Wednesday
SM SM Energy Company PM Wednesday
TSLA Tesla, Inc. PM Wednesday
HPQ HP Inc. PM Wednesday
WB Weibo Corporation PM Wednesday
CTRP Ctrip.com International, Ltd. PM Wednesday
LB L Brands, Inc. PM Wednesday
CLR Continental Resources, Inc. PM Wednesday
Y Alleghany Corporation PM Wednesday
RRC Range Resources Corporation PM Wednesday
KSS Kohl’s Corporation AM Thursday
APA Apache Corporation AM Thursday
W Wayfair Inc. AM Thursday
IDCC InterDigital, Inc. AM Thursday
ZBRA Zebra Technologies Corporation AM Thursday
HLF Herbalife Ltd. PM Thursday
ACIA Acacia Communications, Inc. PM Thursday
BIDU Baidu, Inc. PM Thursday
HPE Hewlett Packard Enterprise Company PM Thursday
INTU Intuit Inc. PM Thursday
BMRN BioMarin Pharmaceutical Inc. PM Thursday
GPS The Gap, Inc. PM Thursday
JWN Nordstrom, Inc. PM Thursday
SPLK Splunk Inc. PM Thursday
FL Foot Locker, Inc. AM Friday
COG Cabot Oil & Gas Corporation

 

AM Friday

22.2.2017

Today’s Picks – Day Trading!

Symbol Breakout Breakdown Momentum Momentum
INTU 120.55   LL AGIO
LUV 58.06   CSIQ TSN
DSW 22.26   TROX  
CSX 49.13   CC  
VOYA 43   SINA  
O 61.78      
VIAB 45      

  

New York Strategy Swing

# Date Stock Long\

Short

Statues Data Close Profit\

Loss

1 29.12.2016 JWN Short Close 6.1.2017 +3.45%
2 6.1.2017 TRGP Long Close 9.1.2017 +0.20%
3 9.1.2017 NVDA Long Close 17.1.2017 +1.02%
4 10.1.2017 TLRD Long Close 10.1.2017 -3.27%
5 13.1.2017 LW Long Close 26.1.2017 +0.09%
6 31.1.2017 ATI Long Close 7.2.2017 +0.09%
7 1.2.2017 AKAO Long Close 16.2.2017 +11.29%
8 2.2.2017 DATA Long Close 6.2.2017 +13.09%
9 7.2.2017 GNC Short Close 9.2.2017 +3.26%
10 9.2.2017 PG Long Close 13.2.2017 -0.63%
11 9.2.2017 ATI Long Close 14.2.2017 +2.42%
12 13.2.2017 STX Long Close 16.2.2017 +1.26%
13 14.2.2017 CXW Long Open   +4.12%
14 15.2.2017 ZEN Long Open   +2.09%
15 21.2.2017 AA Long Open   +0.25%
16            

 

Today’s Picks – Swing “New-York Strategy

 No.1 –  ATI

Company Name Allegheny Technologies
Entry Point 20.68
Stop Area 19.95
1st Target 21.20
Swing Target 23.69
Avg. Volume 2.82M
Sector Industrial Goods | Metal Fabrication
Earning Date
Risk Rate Normal
Risk\Reward Ratio 4.12:1

No.2 – SCOR

Company Name comScore
Entry Point 24.31
Stop Area 25.60
1st Target 23.60
Swing Target 20.81
Avg. Volume 1.09M
Sector Services | Business Services
Earning Date
Risk Rate Normal
Risk\Reward Ratio 2.71:1