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Global stocks rebounding after US officials deny yesterday’s rumors that US-China trade negotiations were canceled

Jan 23, 2019

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Market data as of 7am EST

 

US Stocks

  • Larry Kudlow, Director of the National Economic Council (NEC), denies that US and China trade officials canceled current trade negotiations
  • US stocks index futures are advancing with front-month Dow Jones minis +0.57%, S&P 500 minis +0.36% and Nasdaq 100 minis +0.43% 
  • JP Morgan raises its outlook for US stocks and now believes there are some opportunities to add value with the health of US EPS more dependable than other regions 
  • In spite of yesterday’s negative close in the S&P 500, the SPDR S&P ETF Trust (SPY)  saw positive inflows of USD$1.42 billion, an increase in total assets of 0.6%. 
  • Goldman Sachs is arguing this morning that US stocks are set to benefit from a BREXIT deal given the exposure of US stocks to the UK as they (Goldman Sachs) expect UK stocks to outperform European peers in CY2019
  • The VIX is little changed this morning and is currently at 20.34 after closing at 20.8 yesterday
  • EEM March February 15 & March 15 OTM Puts, QQQ June 2019 OTM Calls, and SPY January 25 OTM Puts are some of the most actively traded US options contracts in the US pre-market today
  • US 10-Year Treasury Bonds are lower with yields up 1.96 basis points to 2.7588%
  • The US Treasury 2s-10s Spread has widened 0.9 basis points to 0.16%
  • WTI Crude is currently down -2.29% to USD$52.57/bbl with the Brent-WTI spread up USD$2.99 to USD$8.89/bbl
  • Gasoline crack spreads futures on the Nymex, a measure of the profitability of refiners and midstream profitability, is currently sitting at a 5 year low
  • Gold is currently little changed 0.03% to USD$1285.6/oz

Stocks Trending in the News

Click name for Q-Factor breakdown, latest price details, more financial info and sentiment data.

  • Abbott Laboratories (ABT) reported CY1Q2019 adjusted EPS from continuing operations guidance that missed analyst expectations. Abbott sees adjusted EPS from continuing operations between USD$0.60/share and USD$0.62/share in FY1Q2019 while analysts expected USD$0.64/share. Abbott’s CY4Q2018 adjusted EPS from continuing operations came in-line with analyst expectations of USD$0.81/share. Abbott is rated “Neutral” in our US Large-Cap Global Top Stock Ideas.
  • ASML Holding N.V. (ENXTAM: ASML) reported CY4Q2018 financials that surpassed analyst estimates and CY1Q2019 guidance that missed analyst estimates. ASML generated 788mm euros of net income in CY4Q2018 while analysts expected 758.7mm euros. ASML sees net sales of about 2.1bn euros in CY1Q2019, missing the lowest analyst estimates that range between 2.58bn euros and 2.92bn euros. ASML is rated “Attractive” in our European Large-Cap Global Top Stock Ideas.
  • Burberry Group Plc (LSE: BRBY) reported FY3Q2018 financials that missed analyst estimates. Burberry saw net sales of GBP719mm in FY3Q2018, missing analysts’ consensus of GBP719mm by more than 10%. Burberry’s same store sales growth of just 2% in FY3Q2018 missed analyst expectations of 3.25%. Burberry is rated “Neutral” in our United Kingdom All-Cap Global Top Stock Ideas.
  • Carrefour S/A (ENXTPA: CA) reported CY4Q2018 EBIT that may signal a turnaround for the company’s financials, according to Bernstein. Bernstein analyst Bruno Monteyne said in a note to clients that, “The slight beat in French like-for-like and the confirmation of EU1.93bn EBIT will reassure markets that Carrefour is stable and could be at the start of a turn around.” Carrefour is rated “Top Short” in our European Large-Cap Global Top Stock Ideas.
  • Comcast (CMCSA) reported fourth quarter EPS of 64 cents while consensus was for 62 cents.  Comcast fourth operating cash flow came at USD$5.8 billion.  NBCUniversal has 4Q revenue of USD$9.4 billion.  Comcast is rated “Attractive” in our US Large-Cap Global Top Stock Ideas and “Top Buy” in our US Consumer Discretionary Global Top Stock Ideas.
  • Deutsche Bank AG (DB: DBK) is reportedly the subject of a probe by the US Federal Reserve that will examine how the German bank handled billions of dollars in suspicious transactions from Danske Bank A/S (CPSE: DANSKE). The fed probe is in its early stages but is reportedly critical of how Deutsche Bank’s US operations monitored funds from an Estonian branch of Danske. Deutsche Bank is rated “Neutral” in our European Large-Cap Global Top Stock Ideas. Danske Bank is rated “Top Short” in our European Large-Cap Global Top Stock Ideas.
  • International Business Machines Corporation (IBM) reported CY4Q2018 earnings that was the, “cleanest quarter in years,” according to Morgan Stanley. IBM reported revenue of USD$21.8bn for CY4Q2018, beating analyst consensus of USD$21.7bn. IBM’s EPS of USD$4.87/share in CY4Q2018 also surpassed analyst expectations, which called for USD$4.82/share. IBM is rated “Top Buy” in our US Large-Cap Global Top Stock Ideas and “Top Buy” in our US Information Technology Global Top Stock Ideas.
  • Kimberly-Clark (KMB) announced a full-year adjusted EPS forecast that missed analysts’ consensus while reporting CY4Q2018 adjusted EPS that also missed analyst estimates. Kimberly-Clark expects full-year adjusted EPS between USD$6.50/share and USD$6.70/share while analysts’ consensus called for USD$6.79/share. Kimberly-Clark's CY4Q2018 adjusted EPS of USD$1.60/share also missed analyst expectations of USD$1.65/share. Kimberly-Clark is rated “Neutral” in our US Large-Cap Global Top Stock Ideas and “Neutral” in our US Consumer Staples Global Top Stock Ideas.
  • Northern Trust (NTRS) reported disappointing CY4Q2018 financials. Northern Trust reported assets under management of USD$1.07tn, missing the lowest analyst estimates that ranged between USD$1.08tn and USD$2.80tn. Northern Trust is rated “Neutral” in our US Large-Cap Global Top Stock Ideas.
  • Proctor & Gamble (PG) reported fiscal second quarter 2019 EPS of USD$1.25 while consensus was for USD$1.21.  Proctor & Gamble fiscal second quarter revenue came at USD$17.44 versus USD$17.16 billion expected.  Proctor & Gamble guidance for all of fiscal 2019 is EPS growth of 3-8%.  Proctor & Gamble is rated “Attractive” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Consumer Discretionary Global Top Stock Ideas “Attractive” in our US Consumer Staples Global Top Stock Ideas.
  • Synchrony Financial (SYF) reported fourth quarter EPS of USD$1.09 while consensus was for 91 cents.  Synchrony Financial fourth quarter net earnings came at USD$783 million.  Loan-loss provisions were USD$1.45billion, just below USD$1.49 billion expected.  Synchrony Financial is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas.
  • The Progressive Corporation (PGR) reported fourth quarter EPS of USD$0.44/share, widely missing the lowest analyst estimates that ranged between USD$0.90/share and USD$1.12/share.  Progressive also reported net premiums earned of USD$8.19bn and net premiums written of USD$7.94bn.  Progressive is rated “Attractive” in our US Large-Cap Global Top Stock Ideas.
  • United Technologies (UTX) reported fourth quarter EPS of USD$1.95, well above consensus of USD$1.53.  United Technologies fourth quarter revenue came at USD$18.04 billion, well above USD$16.87 billion.  United Technologies is rated “Attractive” in our US Large-Cap Global Top Stock Ideas and “top buy” in our US Industrials Global Top Stock Ideas.
  • Walgreens Boot Alliance (WBA) has agreed to pay USD$269.2mm in order to settle claims that the drugstore chain defrauded federally-funded health care programs and a consumer-discount initiative. The USD$269.2mm payment spans across two settlements; one for USD$209.2mm that relates to billed Medicare, Medicaid, and other programs, and one for USD$60mm that concerns not disclosing lower drug prices offered in a discount program. Walgreens is rated “Neutral” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Consumer Staples Global Top Stock Ideas.

 

Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions
Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions

European Stocks

  • European stocks are advancing to start the morning as a positive earnings release from Carrefour SA (ENXTPA: CA) boosts consumer stocks across the region
  • The Euro Stoxx 600 is currently up +0.13%, the FTSE 100 has declined -0.38%, the DAX has advanced 0%, and the CAC 40 has risen +0.19%
  • Investor sentiment for European stocks is neutral with the advance/decline ratio for the Euro Stoxx 600 currently at 1.1x
  • Oil & Gas (-0.12%), Telecommunications (+0.26%), and Basic Resources (-0.09%) stocks are the top performers in the Euro Stoxx 600 today
  • Automobiles & Parts (-0.73%), Food & Beverage (+0.33%), and Utilities (+0.45%) stocks are the worst performers in the Euro Stoxx 600 today
  • 167 stocks in the Euro Stoxx 600 are at 4-week highs while 9 stocks are at 4-week lows
  • 26 stocks in the Euro Stoxx 600 are overbought while 4 stocks are oversold according to the 16-day RSI Measure
  • VSTOXX, the European stocks equivalent of the VIX, is little changed this morning and is currently at 16.13 after closing at 16 yesterday
  • EUR€ is currently little changed against the USD$ at 1.1367
  • GBP£ is currently up +0.633% against the USD$ to 1.3036
  • CHF is currently little changed against the USD$ at 1.0026
  • German 10-Year Bunds are lower with yields up 0.6 basis points to 0.242%
  • UK 10-Year GILTs are lower with yields up 2.6 basis points to 1.349%

Asian Stocks

  • Asia stocks finish their trading session mixed in overnight trading following news that Bank of Japan (BOJ) left its target interest rate unchanged
  • The Nikkei 225 finished down --0.14%, the Hang Seng ended up +0.01%, the Hang Seng China Enterprise up +0.17%, and the CSI 300 was -0.07%
  • Investor sentiment for Japanese stocks finished negative with the advance/decline ratio for the Nikkei 225 closing at 0.44x
  • 57 stocks in the Nikkei 225 hit 4-week highs while 0 stocks reached 4-week lows
  • 1 stock in the Nikkei 225 closed overbought while 0 stocks closed oversold according to the 16-day RSI Measure
  • Investor sentiment for Hong Kong stocks finished positive with the advance/decline ratio for the Hang Seng closing at 1.5x
  • 11 stocks in the Hang Seng hit 4-week highs while 1 stock reached 4-week lows
  • 1 stock in the Hang Seng closed overbought while 0 stocks closed oversold according to the 16-day RSI Measure
  • Japan 2-Year Government Bonds are lower with yields up 0.3 basis points to -0.164%
  • Japan 10-Year Government Bonds are lower with yields up 0.2 basis points to 0.005%
  • JGBs 2s-10s Spread has narrowed 0.1 basis points to 0.17%
  • JPY¥ is currently up +0.265% against the USD$ to 109.66

 

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

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We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.

Stock Sentiment

Top Stocks by 7-day News Volume

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Name 7 Day News
Volume
7 Day Average
News Buzz
1M EPS Net
Revisions
3M EPS Net
Revisions
1M EPS
% Chg
3M EPS
% Chg
JPMorgan Chase & Co 151 3 -11 -8 -0.9% -0.87%
Goldman Sachs Group Inc/The 110 2.29 -14 -19 -0.81% -4.25%
Wells Fargo & Co 55 1.57 -16 -18 0.5% 0.31%
Lockheed Martin Corp 32 3.86 2 14 -0.62% 1.27%
Schlumberger Ltd 31 2.86 -17 -21 -6.38% -17.09%

Note: Please see our General FAQs to learn how we define and measure News Volume

Top Stocks by 7-Day Average News Buzz

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Name 7 Day News
Volume
7 Day Average
News Buzz
1M EPS Net
Revisions
3M EPS Net
Revisions
1M EPS
% Chg
3M EPS
% Chg
Mastercard Inc 9 5 -1 25 -0.06% 4.55%
Accenture PLC 14 4.43 6 5 0.08% 0.83%
Lockheed Martin Corp 32 3.86 2 14 -0.62% 1.27%
Caterpillar Inc 7 3.71 2 1 -0.5% 0.74%
Comcast Corp 23 3.43 -11 -8 -0.9% -0.87%

Note: Please see our General FAQs to learn how we define and measure News Buzz

Implied Volatility Data For Liquid Macro Index ETFs

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ETF 30D IV 30D IV
Percentile
90D IV 90D IV
Percentile
90D/30D IV 90D/30D IV
Percentile
30D IV-
20D HV
30D IV-20D HV
Percentile
90D IV-
60D HV
90D IV-60D HV
Percentile
SPY 14.15 60.71% 15.85 70.44% 1.12 64.09% -14.32 1.98% -8.5 1.59%
QQQ 19.5 62.3% 19.84 66.67% 1.02 52.98% -15.1 1.19% -13.22 0.4%
IWM 18.39 70.24% 18.01 71.43% 0.98 33.33% -9.19 3.97% -8.56 0.4%
FEZ 14.46 38.49% 15.37 49.21% 1.06 71.43% -5.65 7.94% -3.86 6.35%
EEM 17.37 30.16% 18.81 42.06% 1.08 89.48% -0.38 50.79% -4.68 6.75%

Note: Please see our Options FAQs to learn more about Implied Volatility and other advanced options volatility measures

S&P 500 Sector Performance

*Data in Price Return as of Previous Day's EOD, Source: StockDio

Russell 1000 Factor Performance

*Data in Price Return as of Previous Day's EOD, Source: StockDio

Quantitatively-Derived Options Trades: Transparent and Easily ExecutableQuantitatively-Derived Options Trades: Transparent and Easily Executable
Quantitatively-Derived Options Trades: Transparent and Easily ExecutableQuantitatively-Derived Options Trades: Transparent and Easily Executable

Stock Movers From Our US Large-Cap Model

Top Buy Winners and Losers

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Winners Ticker Sector Industry 1D Return 5D Return YTD
DECKERS OUTDOOR CORP DECK Consumer Discretionary Textiles, Apparel & Luxury Goods 1.84% 6.24% 41.13%
CME GROUP INC CME Financials Capital Markets 1.57% 4.2% 27.76%
MCDONALD'S CORP MCD Consumer Discretionary Hotels, Restaurants & Leisure 1.09% 1.83% 8.85%
STORE CAPITAL CORP STOR Real Estate Equity Real Estate Investment Trusts (REITs) 1.03% 2.98% 20.74%
VERISK ANALYTICS INC VRSK Industrials Professional Services 0.52% 4.5% 19.36%
 
Losers Ticker Sector Industry 1D Return 5D Return YTD
TELEDYNE TECHNOLOGIES INC TDY Industrials Aerospace & Defense -3.5% 0.63% 16.49%
SIRIUS XM HOLDINGS INC SIRI Communication Services Media -3.36% -1.69% 12.36%
LIBERTY MEDIA SIRIUSXM GROUP LSXMK Communication Services Media -3.25% 0.71% -1.67%
MELLANOX TECHNOLOGIES LTD MLNX Information Technology Semiconductors & Semiconductor Equipment -3.23% -4.5% 21.26%
HUBBELL INC HUBB Industrials Electrical Equipment -2.97% -0.34% -21.61%

Source: S&P Capital IQ, StockDio

Top Short Winners and Losers

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Winners Ticker Sector Industry 1D Return 5D Return YTD
ARCONIC INC ARNC Industrials Aerospace & Defense -17.41% -12.52% -47.39%
OASIS PETROLEUM INC OAS Energy Oil, Gas & Consumable Fuels -9.92% -4.3% -33.34%
CALIFORNIA RESOURCES CORP CRC Energy Oil, Gas & Consumable Fuels -9.06% -3.72% 0.25%
WHITING PETROLEUM CORP WLL Energy Oil, Gas & Consumable Fuels -8.65% -1.92% -0.11%
LAREDO PETROLEUM INC LPI Energy Oil, Gas & Consumable Fuels -8.56% -11.84% -112.98%
 
Losers Ticker Sector Industry 1D Return 5D Return YTD
BIG LOTS INC BIG Consumer Discretionary Multiline Retail 1.15% 2.8% -51.88%
STERICYCLE INC SRCL Industrials Commercial Services & Supplies 0.64% 5.43% -48.91%
LOXO ONCOLOGY INC LOXO Health Care Biotechnology 0.12% 0.54% 99.42%
HEALTHCARE TRUST OF AMERICA HTA Real Estate Equity Real Estate Investment Trusts (REITs) 0.07% 2.98% -5.22%
APPTIO INC APTI Information Technology Software -0.03% 0.03% 46.42%

Source: S&P Capital IQ, StockDio

Cryptos

  • Cryptocurrencies traded largely higher overnight with the price of Bitcoin (BTC) up 1.07% in the last 24 hours to USD$3,609.75. Waves (WAVES) is leading the broad crypto market in the day’s trading, up 22.65% in the last 24 hours to USD$3.08. Bitcoin Cash (BCH), meanwhile, leads gains in major coins today, up 7.39% in the last 24 hours to USD$130.97. All major coins were positive in overnight trading while Binance Coin (BNB) lags major coins, up just 0.60% in the last 24 hours to USD$6.52.  
  • Blockchain Exchange Alliance, the Singapore-based holding company that maintains a controlling stake in major cryptocurrency exchange Bithumb, is interested in being listed on US public markets through way of a reverse merger, according to a new CNBC report. The CNBC report notes that publicly-traded holding company Blockchain Industries has a binding letter of intent with Blockchain Exchange Alliance -- to be listed on US equity markets, Blockchain Exchange Alliance would have to acquire Blockchain Industries. If successful, the reverse merger would result in the first publicly traded cryptocurrency exchange in the US.  
  • Pennsylvania’s Department of Banking and Securities (DoBS) published new guidance for the state’s local cryptocurrency industry detailing that crypto exchanges and service providers are not required to have a money transmission license to operate. The DoBS detailed in its announcement that Bitcoin (BTC) and other cryptocurrencies are not considered money in the state. As per the guidance released, “To date, no jurisdiction in the United States has designated virtual currency as legal tender.”  
  • Ed Tilly, CEO of the Chicago Board of Exchanges (CBOE), explained in an interview with Business Insider that lack of a Bitcoin-based exchange-traded note (ETN) is preventing cryptocurrencies from truly growing. Tilly’s comments come amid the ongoing US government shutdown, which is another point of frustration for the cryptocurrency industry and the potential approval of nine Bitcoin (BTC) ETF applications being considered by the Securities and Exchange Commission. “I have two regulators that are not taking calls right now. That doesn’t mean there is nothing we are interested in. It means nothing is going to happen in this government shutdown.” 
     

Cryptocurrencies Today

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

High Machine Learning Accuracy Rates for CryptocurrenciesHigh Machine Learning Accuracy Rates for Cryptocurrencies
High Machine Learning Accuracy Rates for CryptocurrenciesHigh Machine Learning Accuracy Rates for Cryptocurrencies

Events Calendar

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Company Name Ticker Event Date Event Type Q-Factor Score
Comcast Corporation CMCSA 1/23/2019 Earnings Release Date US Large-Cap: B, US Consumer Discretionary: A
United Technologies Corporation UTX 1/23/2019 Earnings Release Date US Large-Cap: B, US Industrials: A
BankUnited, Inc. BKU 1/23/2019 Earnings Release Date US Large-Cap: F
Popular, Inc. BPOP 1/23/2019 Earnings Release Date US Large-Cap: C
Abbott Laboratories ABT 1/23/2019 Earnings Release Date US Large-Cap: C
Teledyne Technologies Incorporated TDY 1/23/2019 Earnings Release Date US Large-Cap: A, US Industrials: C
Synchrony Financial SYF 1/23/2019 Earnings Release Date US Large-Cap: D
Rollins, Inc. ROL 1/23/2019 Earnings Release Date US Large-Cap: B, US Industrials: C
Kimberly-Clark Corporation KMB 1/23/2019 Earnings Release Date US Large-Cap: C, US Consumer Staples: C
Northern Trust Corporation NTRS 1/23/2019 Earnings Release Date US Large-Cap: C
Texas Capital Bancshares, Inc. TCBI 1/23/2019 Earnings Release Date US Large-Cap: D
Citrix Systems, Inc. CTXS 1/23/2019 Earnings Release Date US Large-Cap: A, US Information Technology: A
F5 Networks, Inc. FFIV 1/23/2019 Earnings Release Date US Large-Cap: A, US Information Technology: B
Varian Medical Systems, Inc. VAR 1/23/2019 Earnings Release Date US Large-Cap: C
Las Vegas Sands Corp. LVS 1/23/2019 Earnings Release Date US Large-Cap: D, US Consumer Discretionary: B
Raymond James Financial, Inc. RJF 1/23/2019 Earnings Release Date US Large-Cap: C
SLM Corporation SLM 1/23/2019 Earnings Release Date US Large-Cap: C
Sterling Bancorp STL 1/23/2019 Earnings Release Date US Large-Cap: D
Crown Castle International Corp. (REIT) CCI 1/23/2019 Earnings Release Date US Large-Cap: B
PTC Inc. PTC 1/23/2019 Earnings Release Date US Large-Cap: D, US Information Technology: C
Umpqua Holdings Corporation UMPQ 1/23/2019 Earnings Release Date US Large-Cap: C
SL Green Realty Corp. SLG 1/23/2019 Earnings Release Date US Large-Cap: C
Teradyne, Inc. TER 1/23/2019 Earnings Release Date US Large-Cap: B, US Information Technology: A
United Rentals, Inc. URI 1/23/2019 Earnings Release Date US Large-Cap: C, US Industrials: C
Ford Motor Company F 1/23/2019 Earnings Release Date US Large-Cap: C, US Consumer Discretionary: B
Ashland Global Holdings Inc. ASH 1/23/2019 Estimated Earnings Release Date US Large-Cap: C
AirXpanders, Inc. AXP 1/23/2019 Estimated Earnings Release Date US Large-Cap: C
NVR, Inc. NVR 1/23/2019 Estimated Earnings Release Date US Large-Cap: C, US Consumer Discretionary: C
Old Republic International Corporation ORI 1/23/2019 Estimated Earnings Release Date US Large-Cap: B
Royal Caribbean Cruises Ltd. RCL 1/23/2019 Estimated Earnings Release Date US Large-Cap: D, US Consumer Discretionary: C
American Electric Power Company, Inc. AEP 1/23/2019 Estimated Earnings Release Date US Large-Cap: B
Freeport-McMoRan Inc. FCX 1/23/2019 Estimated Earnings Release Date US Large-Cap: D

Source: S&P Capital IQ

 

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