August 3, 2017 Market Wrap Up

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If the markets had a song it would be: “All we do is win” as the Dow hit 22K today. However, we did see some minor selling pressure in the S&P 500 and Nasdaq.

Earnings highlights included: STMP +35.89%, TEVA -24%, GPRO +15.94%, and WTW +14.05%

The VIX is still hovering around multi-decade lows, closing today at 10.44.

Index ETF movers: SPDR S&P 500 ETF (SPY) -0.19%, iShares Russell 2000 (IWM) -0.5%, SPDR Dow Jones Industrials Average ETF (DIA) +0.08%, and PowerShares QQQ ETF (QQQ) -0.39%

Commodity and futures related ETF movers: United States Oil Fund (USO) -1.18%, iShares 20+ Year Treasury Bond (TLT) +1.03%, SPDR Gold Shares (GLD) +0.16%

On the options front, we saw large call buying activity in Sinovac Biotech Ltd. (SVA), which traded 9.8 times normal option volume. In addition, we saw heavy put buying in Dave and Buster’s Entertainment Inc. (PLAY), which traded 4.4 times normal option volume.

Economic Releases:
4 August 2017- Employment Situation 8:30 AM ET; International Trade 8:30 AM ET

Key Earnings:
4 August 2017- AEE, CBOE, NWL, RMAX, TRVG, WCG

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February 28, 2017 The Week Ahead

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The markets sold off a little today, as traders positioned themselves ahead of President Trump’s speech, which will be tonight. In addition, we received GDP numbers earlier in the session, which came in at 1.9% for Q4, a number that was below the estimates of 2.1%

Strong earnings performers included: The Priceline Group (PCLN) and Weight Watchers (WTW)

Weak earnings performers included: Palo Alto Networks (PANW), Perrigo Company (PRGO), and Target (TGT)

ETF Performers: United States Oil Fund (USO) -0.17%, iShares 20+ Year Treasury Bond (TLT) +0.37%, SPDR Gold Shares (GLD) +0.09%.

On the options front, we saw large call buying activity in Yandex (YNDX), which traded 3.1 times normal option volume. In addition, we saw heavy put buying in Outfront Media (OUT), which traded 6.9 times normal option volume.

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

Key Economic Data
1 March 2017- Personal Income and Outlays 8:30 AM ET, ISM Manufacturing 10:00 AM ET, EIA Petroleum Status Report 10:30 AM ET
2 March 2017- Jobless Claims 8:30 AM ET

Key Earnings
28 Feb 2017- AZO, CNP, DDD, ENDP, NRG, NLNK, PAH, QVCA, SEAS, SHOO, TGT, VRX, AMBA, BUFF, CRM, DAR, ETSY, EVHC, HALO, LOGM, PANW, TSRO, UHS, VEEV, WTW
1 March 2017- AEO, BBY, CROX, DLTR, DY, IEP, KERX, LOW, MYL, ODP, WIN, AVGO, BOX, KIN, SHAK, XON, VSI
2 March 2017- ANF, BKS, BUD, BURL, JD, JOY, KR, TD, ZEUS, COST, HABT, MRVL, SGMS, WING

Key Events
27 Feb 2017- Mobile World Congress (runs till 3/2); Morgan Stanley Technology, Media and Telecom Conference (runs till 3/2)

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