April 26, 2017 Market Wrap Up

April 26, 2017 tvcuser Education, Trading AGIO, DPS, Earnings, Economic Data, GLD, PG, SIEN, STX, TLT, TWTR, USO, VIX

After enjoying a record setting day yesterday, some stock indices took a breather. However, the Russell 2000 bucked the trend and closed the day positive. Over the last couple of trading sessions, the VIX has gotten beat up, as its now trading below 11 at 10.85.

The catalyst?

Looks like the French election, which happened on Sunday was the reason global markets rose on Monday. Earnings have been okay thus far, and President Trump is pushing towards policies that will boost business sentiment.

Earnings will continue to be heavily watch, here are some names that reported: Dr Pepper Snapple Group, Inc. (DPS) -5.52%, Procter & Gamble (PG) -2.52%, Seagate Technology (STX) -16.83% and Twitter (TWTR) +7.91%

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) -0.97%, iShares 20+ Year Treasury Bond (TLT) +0.55%, SPDR Gold Shares (GLD) +0.49%.

On the options front, we saw large call buying activity in Sientra Inc. (SIEN), which traded 10.3 times normal option volume. In addition, we saw heavy put buying in Agios Pharmaceuticals (AGIO), which traded 5.4 times normal option volume.

Here is what is left on the schedule:

Key Economic Data:
27 April 2017- Jobless Claims 8:30 AM ET; Durable Goods Orders 8:30 AM; International Trade in Goods 8:30 AM ET
28 April 2017- GDP 8:30 AM ET

Key Earnings:
26 April 2017- ANTM, BAX, DPS, HES, HSY, NDAQ, NOC, NSC, ROK, PG, SLAB, SONS, STT, STX, TWTR, UTX, X, WM, WRK, WYN, AMGN, CAVM, BWLD, FFIV, NOW, ORLY, PYPL, SAM, TSCO, XLNX
27 April 2017- ABBV, APD, BMY, BSX, BWA, CELG, CMCSA, CME, DOW, F, GRUB, IP, IRM, JCI, LAZ, LLL, LUV, MPC, POT, SIRI, SPG, UAA, UNP, UPS, AIV, AMZN, BIDU, EXPE, GOOGL, GPRO, INTC, MLNX, MAC, MSFT, SBUX, VRTX, WDC
28 April 2017- CL, COG, CVX, GM, GT, HST, LYB, PSX, SYF, VFC, XOM, WY

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September 21, 2016 Market Wrap Up

September 21, 2016 tvcuser Education, Trading ADBE, Conferences, CONN, Crude Oil, DPS, Earnings, PENN, S&P 500, SFLY, VIX

The S&P 500 raged higher today after the FOMC decided to leave rates unchanged. The S&P 500 closed the day more than 1% higher and the NASDAQ closed at all time highs. In addition, we also saw prices in treasuries and gold trade higher as well.

Stocks in play today included: Adobe (ADBE) +7%, Conns (CONN) +15.43%, and Shutterfly (SFLY) -11.9%

The destruction of the VIX was back in session as it dropped more than 12%,closing at 13.30.

Crude oil futures prices soared today, closing the day nearly 3% higher and finishing around $44 per barrel.

On the options front, we saw large call buying activity in Penn National Gaming (PENN), which traded 4.8 times normal option volume. In addition, we saw heavy put buying in Dr. Pepper Snapple (DPS), which was 3.9 times normal options volume.

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

Key Earnings:
22 Sep 2016- AZO, RAD, SCHL
23 Sep 2016- FINL

Key Conferences:
Goldman Sachs Communacopia Conference (runs till 9/22)

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