August 3, 2016 Market Wrap Up

August 3, 2016 tvcuser Education, Trading CRAY, DDD, Earnings, Economic Data, GNW, GPS, HLF, KATE, KORS, S&P 500, SPY, TRIP, TSLA, VIX

The S&P 500 recovered about half their losses from yesterday, closing the day .3% higher. With that said, volumes were well below average. The SPDR S&P 500 traded about 52 million shares, whereas on average it trades around 80-85 million.

Stocks in play today include: Genworth Financial (GNW) +28.7%, 3D Systems (DDD) +17.6%, Cray (CRAY) -30.4%, and Kate Spade (KATE) -18.7%

The VIX closed lower, now trading below 13 at 12.86.

Crude oil futures surged today, climbing over 4% and closing above $41 per barrel.

On the options front, we saw large call buying activity in Gap (GPS) and Michael Kors (KORS).

This evening we got earnings out of Tesla Motors (TSLA) -.96%, Tripadvisors (TRIP) -7.7%, and Herbalife (HLF) +2.86% to name a few.

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

Key Economic Data:
4 August 2016- Jobless Claims 8:30 AM ET
5 August 2016- Employment Situation 8:30 AM ET, International Trade 8:30 AM ET

Key Earnings:
4 Aug 2016- DUK, K, MGM, NOK, PCLN, SEAS, SSYS, TEVA, TIME, VIAB, ANET, ATVI, CSOD, FLR, FSLR, IMPV, KHC, LGF, LNKD, OLED, TRUE, TTWO, ZG, ZNGA
5 Aug 2016- WY, WLTW, HSBC, CTSH, AES

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November 30, 2015 Market Wrap Up

November 30, 2015 tvcuser Education, Trading ADT, AMZN, ANF, Data, Earnings, Economic, education, Events, GLD, GPS, S&P 500, TGT, trading, URBN, USO, VIX, WMT

The S&P 500 closed the day relatively weak, as traders came back from Thanksgiving break. With that said, we still finished the month higher. On the other hand, energy, the United States Oil Fund (USO) finished the month down more than 12%. In addition, gold, the SPDR Gold Trust (GLD) was down nearly 7% on the month.

There was a decent amount of attention on retail names, stats for Black Friday and Cyber Monday were hitting the tape. Unfortunately, Target (TGT) had issues with their website today, the stock price was down 1.3%. Here’s how other retailers fared: Wal-Mart (WMT) -1.6%, Gap (GPS) -2.3%, Abercrombie & Fitch (ANF) -3.8%, and Amazon (AMZN) -1%.

The VIX finished the day a point higher, closing the month at 16.13.

On the options front, we saw large call buying activity in ADT (ADT). We also saw massive put buyers in Urban Outfitters (URBN), which was down over 5%.

Here’s what is going for the rest of the week:

Key Economic Data:
01 December 2015- ISM Manufacturing 10:00 AM ET
03 December 2015- Jobless Claims 8:30 AM ET
04 December 2015- Employment Situation 8:30 AM ET, International Trade 8:30 AM ET

Key Earnings:
01 December 2015- BMO, BOBE
02 December 2015- AEO, AVGO, ARO, VMEM
03 December 2015- EXPR, G, SHLD, AMBA, BKS, FIVE, ULTA
04 December 2015- HOV

Key Events:
30 November 2015- Credit Suisse Industrial Conference (runs till 12/3), Credit Suisse Tech, Media, Telecom Conference (runs till 12/3)
01 December 2015- Citigroup Basic Materials Conference (runs till 12/2), Cowen 4th Annual HealthCare Conference, Cowen 5th Annual Ultimate Energy Conference (runs till 12/2), Goldman Sachs Metals & Mining Conference (runs till 12/2), Piper Jaffray HealthCare Conference (runs till 12/2)
03 December 2015- Wells Fargo Boston Gaming Forum
04 December 2015- American Society of Hematology Annual Meeting