April 26, 2016 Market Wrap Up

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The market was relatively flat today, ahead of a heavy earnings and data week. The S&P 500 closed the day at 2091.70.

This evening we got results out of Twitter (TWTR) -9.3%, Apple (AAPL) -8.5%, and Chipotle Mexican Grill (CMG) -2.3%.

Overall, this should have a negative effect on the market. However, we’ve got the FOMC announcement which has the potential to shift the markets in either direction.

The VIX caught a bid, closing the day at 13.96.

Crude Oil has had a nice bounce today, climbing in the after hours after seeing a draw in the API data. We’re now trading above $44 a barrel.

On the options front, we saw large call buying activity in Huntington Bancshares Inc (HBAN). In addition, we saw heavy put buying in ExamWorks Group (EXAM), which saw 7.4 times usual options volume.

Stocks in play included: Sarepta (SRPT) -31%, Amira Nature Foods (ANFI) -16.6%, and Valeant Pharmaceuticals +2.2%.

Here’s what’s left for the rest of the week:

Key Economic Data:
27 April 2016- International Trade in Goods 8:30 AM ET, EIA Petroleum Status Report 10 :30 AM ET, FOMC Meeting Announcement 2:00 PM ET

28 April 2016- GDP 8:30 AM ET, Jobless Claims 8:30 AM ET

29 April 2016- Personal Income and Outlays 8:30 AM ET

Key Earnings:
27 April 2016- ANTM, BA, BEN, BHI, CMCSA, DPS, GSK, GRMN, HES, HLT, IP, LLL, MDLZ, NDAQ, NOC, SC, SO, UTX, AVB, FB, FSLR, HOLX, INFN, MAR, WLL, XLNX

28 April 2016- ABBV, ADP, AET, APD, BMY, CAB, CAH, CELG, CL, CLF, CME, COMM, COP, DB, DOW, DPZ, F, MA, MJN, MO, MPC, NOV, TMO, PTEN, RTN, TWC, UPS, VALE, VIAB, AMGN, AMZN, CATM, EXPE, FLEX, JNPR, LNKD, OUTR, P, QLIK, STRZA, SWKS, WDC

29 April 2016- CBOE, PSX, SHPG, XOM, TYC

January 26, 2016 Market Wrap Up

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So far this week, we’ve seen less fireworks than the first three weeks of the year. However, that’s probably in anticipation of all the data that will be flooding the market. For example, we’ve got an FOMC announcement coming up, along with a ton of earnings and economic data to review.

With that said, the S&P 500 saw a gain of 1.4% today. Not only that, but the trading range was relatively tight, with not a lot of up and down action.

It was no surprise to see the VIX sell off, falling nearly 7% and closing at 22.50.

Crude oil futures prices caught a bounce after yesterday’s +5% sell-off. However, it’s currently trading lower in the after hours after the API reported a build in crude oil stocks. It will be important to see what the DOE reports tomorrow.

On the options front, we saw large call buying activity in Fortuna Silver Mines Inc (FSM). In addition, we saw heavy put buying in Grand Canyon Education (LOPE).

In the after hours we got earnings results out of Apple (AAPL). The stock is trading 2% lower at the time of this wrap up. Some attribute the drop to a slowdown in iPhone sales.

Please pay attention to the schedule as there is a lot of stuff going on this week.

Key Economic Data:
27 January 2016- New Home Sales 10:00 AM ET, FOMC Meeting Announcement 2:00 PM ET
28 January 2016- Durable Goods Orders 8:30 AM ET, Jobless Claims 8:30 AM ET
29 January 2016- GDP 8:30 AM ET, International Trade in Goods 8:30n AM ET

Key Earnings:
27 January 2016- BA, CLF, EMC, NVS, STJ, STM, TUP, CAVM, CRUS, CTXS, FB, INVN, HOLX, JNPR, LRCX, MLNX, MCK, QCOM, PYPL, SNDK, TER, TSCO, TXN, URI, VRTX
28 January 2016- ABT, BMY, DGX, F, CAT, CELG, CY, DB, HOG, JBLU, LLY, NDAQ, UA, V, VLO, POT, NUE, HSY, AMZN, EA, FLEX, SYNA, SWKS, MSFT, NOC
29 January 2016- AAL, ABBV, PCAR, APD, CL, CVX, HON, MA, PCAR, PSX, XRX

January 24, 2016 The Week Ahead

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The S&P 500 had its first positive week on the year. However, despite being up 3 out of 4 trading sessions, there still seems to be a lot of fear in the markets. We had about a 100 point range from the highs to lows (1812-1906).

A lot of eyes are on the Asian Markets, as well as the world energy market. Crude Oil prices have had a nice bounce after trading below $30 per barrel. They finished the week up, about 7% or so. However, it’s too early to tell if the bottom is in or we’re just seeing a dead-cat bounce.

The VIX waited till Friday to sell-off hard. Overall, it closed the week more than 15% lower. With that said, it’s still trading above 22.

This is an incredibly busy week, which includes an army of earnings releases and economic data. Some of those highlights include the FOMC Meeting and GDP numbers on Friday. Earnings will cover several sectors including pharmaceuticals, energy, defense, technology, and transportation.

Reporting this week: Apple (AAPL), Microsoft (MSFT), Facebook (FB), Amazon (AMZN), Caterpillar (CAT), Halliburton (HAL), Eli Lilly (LLY), and a whole lot more.

Here’s what else is on tap:

Key Economic Data:
27 January 2016- New Home Sales 10:00 AM ET, FOMC Meeting Announcement 2:00 PM ET
28 January 2016- Durable Goods Orders 8:30 AM ET, Jobless Claims 8:30 AM ET
29 January 2016- GDP 8:30 AM ET, International Trade in Goods 8:30n AM ET

Key Earnings:
25 January 2016- DHI, HAL, KMB, MCD, ASH, PKG, SWFT, ZION, STLD
26 January 2016- DD, COH, FCX, GLW, JNJ, JNS, LMT, MMM, PG, PH, WAT, AAPL, CB, COF, NAVI, SYK, T, X
27 January 2016- BA, CLF, EMC, NVS, STJ, STM, TUP, CAVM, CRUS, CTXS, FB, INVN, HOLX, JNPR, LRCX, MLNX, MCK, QCOM, PYPL, SNDK, TER, TSCO, TXN, URI, VRTX
28 January 2016- ABT, BMY, DGX, F, CAT, CELG, CY, DB, HOG, JBLU, LLY, NDAQ, UA, V, VLO, POT, NUE, HSY, AMZN, EA, FLEX, SYNA, SWKS, MSFT, NOC
29 January 2016- AAL, ABBV, PCAR, APD, CL, CVX, HON, MA, PCAR, PSX, XRX

January 7, 2015 Market Wrap Up

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It was another rough day in the markets. We’re already down 5% in the S&P 500, early into the new year. The catalyst this time came out of Asia. The Shanghai Composite dropped 7% overnight. With that said, all eyes will be on that market this evening. However, the markets closed a tad above their daily lows.

The VIX exploded higher, closing up to nearly 25, a gain of over 21%.

Crude oil futures prices have not faired better, they’re down about 9% on the new year.

Stocks in play today included: Apple (AAPL) -4.8%, Sunedison (SUNE) -38.5%, Dynavax (DVAX) +39%

On the options front, we saw large call buying activity in Darling Ingredients (DAR). We also saw aggressive put buying in Cerner Corp (CERN).

There is not much on tap in respect to economic news.

Conferences:
6 January 2016- Consumer Electronics Show (runs till 1/9)

January 5, 2016 Market Wrap Up

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The S&P 500 had its first up day of the new year, however; it’s still down more than 1% from yesterday’s sell off. A really shaky start, which makes tomorrow’s FOMC minutes a potential market changer.

In addition, the Consumer Electronics Show continues tomorrow. Companies are presenting their new products to this huge public forum. A good showing can boost stock prices higher. On the other hand, a poor showing can really drive stock prices lower, as witnessed with FitBit (FIT) today.

The VIX sold off slightly, closing the day slightly below 20.

Crude oil futures prices have not faired better, they’re down about 3% over the first two trading days of the year.

Stocks in play today included: Apple (AAPL) -2.5%, Fitbit -18.4%, and ManKind (MNKD) -48.4%

On the options front, we saw large call buying activity in Microchip Technology (MCHP). We also saw aggressive put buying in Cirrus Logic (CRUS) .

Key Economic Data:
6 January 2016- International Trade 8:30 AM ET, FOMC Minutes 2:00 PM ET
7 January 2016- Jobless Claims 8:30 AM ET

Key Earnings:
6 January 2016- MON
7 January 2016- FINL, KBH, STZ, WBA, BBBY, HELE, SNX, TCS

Conferences:
6 January 2016- Citigroup Internet, Media & Telecom Conference (runs till 1/7)
6 January 2016- Consumer Electronics Show (runs till 1/9), Goldman Sachs Energy Conference (runs till 1/7)

November 10, 2015 Market Wrap Up

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The S&P 500 closed the day higher, snapping its four day losing streak. Overall, it was a generally slow day.

It appears that market participants are digesting what a potential rate hike is going to mean.

Stocks in play today, included Apple (AAPL) -3.2%, Flotek (FTK) -41%, Sunedison (SUNE) -21.5%, and Mallinckrodt (MNK).

Interestingly, the VIX sold off a lot…now trading at 15.29.

The energy sector was flat; the United States Oil Fund (USO) was down nearly .5% today. USO is still nearly 50% off its yearly highs.

On the options front, we saw large call buying activity in EBay (EBAY). In addition, we saw bearish bets being placed in Market Vectors Gold Miners (GDX)

Here’s what’s on tap tomorrow:

Key Economic Data:
12 November 2015- Jobless Claims 8:30 AM ET
13 November 2015- Retail Sales 8:30 AM ET, PPI 8:30 AM ET

Key Earnings:
11 November 2015- M, PAH, NTES
12 November 2015- DSX, VIAB, AMAT, CSCO, IGT, KSS

October 27, 2015 Market Wrap Up

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The S&P 500 closed the day relatively flat, it appears that the market is awaiting further news from the FOMC meeting tomorrow.

Earlier today we got earnings results from Pfizer (PFE) +2.4%, Merck (MRK) +1%, and Du Pont (DD) +2.7%.

This evening we got earnings out of Apple (AAPL) -1%, Gilead Sciences (GILD) flat, and Twitter (TWTR) -11%.

The VIX continues to show few signs of panic, as it closed the day at 15.43.

The energy sector was relatively weak; the United States Oil Fund (USO) was down more than 1% today.

On the options front, we saw bullish call buying in YRC Worldwide (YRCW). Options that saw bearish put buying in Chesapeake Energy (CHK).

In other news, Walgreens (WBA) announced that they are buying Rite Aid (RAD) for $9.41 billion.

Here’s what’s on tap tomorrow and the rest of the week:

Key Economic Data:
28 October 2015- FOMC Meeting Announcement 2:00 PM ET
29 October 2015- GDP 8:30 AM ET, Jobless Claims 8:30 AM ET
30 October 2015- Personal Income 8:30 AM ET

Key Earnings:
28 October 2015- GRMN, HLT, HOT, IMAX, IP, LVLT, MDLZ, NOV, TMUS, VLO, WBA, VW, AMGN, ATML, CRUS, FFIV, GPRO, LOCK, WMB, PYPL, NE, MUR, CAVM
29 October 2015- AET, CLF, COP, ESV, JAH, JCI, KERX, MO, NOK, MTH, TEVA, TWC, VALE, ZBH, BIDU, EA, LNKD, MOBL, SBUX, WU, SCTY
30 October 2015- ABBV, CVS, XOM, MYL, CVX, CL, ETN