February 14, 2017 Market Wrap Up

February 14, 2017 tvcuser Education, Trading DBD, Earnings, Economic Data, Events, FOSL, GLD, GNRC, IMAX, NKTR, SALE, TAP, TLT, USO, VIX

The markets closed at the highs today. Despite the best efforts by the media to portray that the country is politically in shambles. The money changers are bullish stocks and we’re seeing it in these averages… and we’re seeing it in the depleted VIX. At some point, stocks will be too rich to own, however; judging by the price action we’re not there yet.

Strong earnings performers included: Diebold Nixdorf (DBD), Retailmenot (SALE), and Molson Coors (TAP)

Weak earnings performers included: Generac Holdings (GNRC) and Fossil Group (FOSL)

The VIX closed lower today, and is now trading below the 11 mark, closing at 10.74.

ETF Performers: United States Oil Fund (USO) +0.53%, iShares 20+ Year Treasury Bond (TLT) -0.72%, SPDR Gold Shares (GLD) +0.11%.

On the options front, we saw large call buying activity in Nektar Therapeutics (NKTR), which traded 6.3 times normal option volume. In addition, we saw heavy put buying in IMAX Corporation (IMAX), which traded 22 times normal option volume.

Here is what is left for the rest of the week:

Key Economic Data:
15 Feb 2017- Consumer Price Index 8:30 AM ET, Retail Sales 8:30 AM ET, Industrial Production 9:15 AM ET, EIA Petroleum Status Report 10:30 AM ET
16 Feb 2017- Housing Starts 8:30 AM, Jobless Claims 8:30 AM ET, Philly Fed Survey 8:30 AM ET

Key Earnings:
15 Feb 2017- ANGI, GRPN, HLT, LAD, OZM, PEP, SHOP, SODA, SONS, WIX, WYN, AMAT, CAR, CBS, CC, CF, CSCO, CVA, GDDY, GRPN, HAWK, KHC, MAR, MRO, NLY, NTAP, NTES, PKD, SPWR, TIVO, TRIP, WMB, WPZ
16 Feb 2017- AVP, CAB, CHTR, ALXN, DF, DUK, EPAM, GNC, H, MGM, NCI, RS, TIME, TPX, WEN, ZTS, WM, ANET, BCOV, CUBE, DVA, ED, FLS, KEYS, TRUE, WWAV
17 Feb 2017- AAN, CPB, CTB, DE, FNMA, MCD, VFC, SJM, LPNT, FLR

Key Events:
14 Feb 2017- Goldman Sachs Technology & Internet Conference (runs till 2/16)
15 Feb 2017- Leerink Global Healthcare Conference (runs till 2/16)

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August 9, 2016 Market Wrap Up

August 9, 2016 tvcuser Education, Trading Conferences, Crude Oil, DIS, Economic Data, FOSL, RAX, S&P 500, SPLK, SPWR, VIX, VRX, W, YELP

The S&P 500 traded slightly higher today on below average volume, a theme over the last couple of weeks. The SPDR S&P 500 traded about 50 million shares, whereas on average it’s been trading around 76 million shares per day.

Stocks in play today include: Valeant Pharmaceuticals (VRX) +26%, Rackspace (RAX) + 6.7%, and Wayfair (W) -19.7%.

The VIX closed higher, still trading below 12 at 11.66.

Crude oil futures closed mildly lower, closing under $43 per barrel. Gold and Treasury bonds both caught a bid today, both gaining about .5%.

On the options front, we saw large call buying activity in Splunk (SPLK) at 2.5 times normal option volume. In addition, we saw heavy put buying in Phillips 66 at 2.2 times normal options volume.

This evening we got earnings out of Disney (DIS) -.5%, Yelp (YELP) +13.8%, Sunpower (SPWR) -22.7%, and Fossil (FOSL) +3.7%.

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

Key Economic Data:
10 Aug 2016- EIA Petroleum Status Report 10:30 AM ET
11 Aug 2016- Jobless Claims 8:30 AM ET
12 Aug 2016- Retail Sales 8:30 AM ET, PPI 8:30 AM ET

Key Earnings:
10 Aug 2016- JD, KORS, PRGO, RL, WEN, BUFF, SHAK
11 Aug 2016- BABA, EAT, FLO, CSAL, KSS, M, JWN, NVDA, RT
12 Aug 2016- JCP

Key Conferences:
Credit Suisse Transports Conference (runs till 8/10); Jefferies Industrials Conference (runs till 8/11); JPMorgan Auto Conference (runs till 8/10); Oppenheimer Tech, Internet, and Communications Conference (runs till 8/10); UBS Financial Services Conference (runs till 8/10)

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