October 18, 2016 Market Wrap Up

October 18, 2016 tvcuser Uncategorized BANC, Crude Oil, CYTR, DPZ, Earnings, Economic Data, Goldman Sachs, HOG, IBM, Johnson & Johnson, Netflix, NFLX, PGR, S&P 500, UnitedHealth, VIX

The S&P 500 was off to a solid start gaining more than .6% on below average volume. We got strong earnings reports out of Goldman Sachs, Netflix, and UnitedHealth. However, there were some companies that didn’t fare as well like IBM and Johnson & Johnson.

Stocks in play today included: Banc of California (BANC) -29.05%, Netflix (NFLX) +19.07%, Harley-Davidson (HOG) +9.03%, and Domino’s Pizza (DPZ) +4.89%

The VIX sold off nearly 6% and closed at 15.28.

Crude oil futures prices paired off yesterday’s losses and continue to trade above $50 per barrel.

On the options front, we saw large call buying activity in Iamgold CytRX Corp (CYTR), which traded 41.4 times normal option volume. In addition, we saw heavy put buying in Progressive Corporation (PGR), which saw 5.4 times normal options volume.

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

Key Economic Data:
19 Oct 2016- Housing Starts 8:30 AM ET, EIA Petroleum Status Report 10:30 AM ET
20 Oct 2016- Jobless Claims 8:30 AM ET, Philly Fed Business Outlook Survey 8:30 AM ET, Existing Home Sales 10:00 AM ET

Key Earnings:
19 Oct 2016- ABT, CP, DOV, GPC, HAL, MS, RAI, STJ, STX, SVU, TUP, USB, AXP, EBAY, CTXS, HNI, GGG, MAT, PKG, SLM, STLD, URI, XLNX
20 Oct 2016- BK, DAN, DGX, DHR, FITB, KCG, NUE, PH, PHM, PPG, TRV, TXT, UNP, VZ, WBA, WBC, AMD, ATHN, EFTC, KLAC, MSFT, MXIM, N, PYPL, RCI, RS, SLB, SWN
21 Oct 2016- GE, HON, IPG, MCD, SYF, SAP, STI, MAN

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August 18, 2016 Market Wrap Up

August 18, 2016 tvcuser Education, Trading APH, CHS, Crude Oil, CXW, Earnings, GEO, HOG, S&P 500, VIX, VRX, WMT

The S&P 500 crept higher for the second straight session, pushing to us to nearly flat on the week now. Earlier in the day, earnings out of Wal-Mart Stores (WMT) was taken well as the stock closed at 74.30, touching 52-week highs.

Stocks in play today include: Corrections Corp of America (CXW) -35%, The Geo Group (GEO) -40%, Harley-Davidson (HOG) -1.7%, and Valeant Pharmaceuticals (VRX) -2.7%

The VIX closed lower, and now trading below 11.50, closing at 11.43.

Crude oil futures continue to ascend higher, now up over 8% on the week, and not incredibly far from the 52-wk highs, closing above $48 per barrel.

On the options front, we saw large call buying activity in Amphenol Corp (APH), which traded 4 times normal option volume. In addition, we saw heavy put buying in Chicos Fas (CHS) at 2.8 times normal options volume.

Here’s what’s on tap for tomorrow:

Key Earnings:
19 Aug 2016- DE, EL, FL, MSG

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