October 26, 2016 Market Wrap Up

October 26, 2016 tvcuser Education, Trading AKAM, Apple, BIIB, CMG, Crude Oil, Earnings, EW, S&P 500, SCTY, TSLA, VIX, WU

The S&P 500 closed relatively flat today in what is one of the busiest earnings week of the year. Last night we heard from Apple, which disappointed by posting its third straight quarter of declining iPhone sales. This put a damper on the Nasdaq composite today as it dropped about .7%.

In the after hours we got earnings out of Tesla Motors (TSLA), which is up more than 6% at the time of this writing. This morning we got earnings out Biogen (BIIB), which is a gain of nearly 4%.

Stocks in play today included: Edwards Lifesciences (EW) -17%, Chipotle Mexican Grill (CMG) -9%, NCR +14.5%, and Akamai Technologies (AKAM) +14.6%

The VIX sold rose nearly 6%, closing at 14.24.

Crude oil futures prices sold off for the third straight day, and is now down more than 3% on the week.

On the options front, we saw large call buying activity in SolarCity (SCTY), which traded 2.1 times normal option volume. In addition, we saw heavy put buying in Western Union Company (WU), which saw 9.8 times normal options volume.

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

Key Earnings:
27 Oct 2016- AET, ALXN, AMT, APD, BMY, BOFI, BWA, BX, CAB, CELG, CL, CLF, CME, COP, DB, DOW, DPS, F, GNC, HACA, IP, LAZ, LLL, MJN, MO, MPC, NOK, NOV, PENN, POT, PX, SIRI, SWK, TMO, TPH, TPX, TROW, UPS, VW, WWE, AIG, AMZN, BIDU, CA, CBI, CRUS, CY, DLR, ELLI, EXPE, FLEX, FTNT, GOOGL, HIG, MCK, PFG, STRZA, SYK, SYNA, TWTR
28 Oct 2016- ABBV, AN, CVX, CBOE, HSY, MA, NWL, PSX, SNY, SHPG, TEN, WY, XOM, XRX, SIMO

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April 21, 2016 Market Wrap Up

April 21, 2016 tvcuser Education, Trading BIIB, CDK, Crude Oil, Earnings, GOOGL, MSFT, S&P 500, SBUX, TDW, VIAB, VIX, XON

The market was relatively weak today, with the Dow Jones Industrials, S&P 500, and Nasdaq all closing in the red. For the most part, earnings have been somewhat mixed.

This evening we got results out of Starbucks (SBUX) -5.4%, Microsoft (MSFT) -2.5%, and Alphabet (GOOGL) -3.8%. This might weigh down the Nasdaq tomorrow.

The VIX caught a bid, closing the day at 13.95. This is the fourth straight close under 14, and the second lowest closing print of the year.

Crude Oil has had a nice bounce off Sunday’s lows, following an unproductive Doha meeting. WTI Crude closed the day above 41, at 41.08.

On the options front, we saw large call buying activity in CDK Global (CDK). In addition, we saw heavy put buying in Tidewater Inc (TDW), which saw 6.9 times usual options volume.

Stocks in play included: Biogen (BIIB) +5%, Viacom (VIAB) +13.8%, and Intrexon (XON) -26.4%.

Here’s what’s left for tomorrow:

Key Earnings:
22 April 2016- CAT, GE, KMB, MCD, SYF, STI