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Global tech rally marches on, shrugging off weak Intel (INTC) report, lifting global stocks overnight

Jan 25, 2019

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Market data as of 7am EST

 

US Stocks

  • US stocks index futures are bouncing back this morning with front-month Dow Jones minis +0.78%, S&P 500 minis +0.79% and Nasdaq 100 minis +1.06% 
  • Global stocks are ending the week with a rally, driven by tech shares’ positive results 
  • The US will receive a delegation from China on Monday for further trade talks that will include deputy ministers and be led by Vice Premier Liu He 
  • JP Morgan published a report saying the global average cash cost to mine 1 Bitcoin is now above its value with low-cost miners in China still able to mine profitably  
  • The VIX is little changed this morning and is currently at 18.17 after closing at 18.89 yesterday
  • QQQ April 18 Calls, SPY January 25 OTM Puts and PG&E (PCG) 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 0.86 basis points to 2.7243%
  • The US Treasury 2s-10s Spread has narrowed 0.63 basis points to 0.15%
  • WTI Crude is currently flat at USD$52.98/bbl with the Brent-WTI spread down USD$-1.37 to USD$7.76/bbl
  • Gold is currently up 0.26% to USD$1284.55/oz

Stocks Trending in the News

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

  • AbbVie (ABBV) announced CY4Q2018 adjusted EPS that missed analyst estimates while providing full-year guidance that also missed analyst estimates. AbbVie reported an adjusted EPS of USD$1.90/share in CY4Q2018 while analysts’ consensus called for USD$1.94/share. AbbVie sees CY2019 adjusted EPS between USD$8.65/share and USD$8.75/share, the midpoint of which misses analysts’ consensus of USD$8.73/share. AbbVie is rated “Top Buy” in our US Large-Cap Global Top Stock Ideas.
  • Air Products & Chemicals (APD) reported fiscal first quarter EPS of USD$1.50 while consensus was for USD$1.86.  Air Products & Chemicals fourth quarter revenue came at USD$2.24 billion while consensus was for USD$2.26 billion.  Air Products & Chemicals is rated “Top Buy” in our US Large-Cap Global Top Stock Ideas.
  • Colgate-Palmolive (C) reported fiscal second quarter EPS of 74 cents while consensus was for 73 cents.  Colgate-Palmolive fiscal second quarter revenue came at USD$3.81 billion, missing consensus of USD$3.77 billion.  Colgate-Palmolive gave guidance for 2019 revenue 2-4% growth in sales.  Colgate-Palmolive is rated “Top Buy” in our US Large-Cap Global Top Stock Ideas and “Top Buy” in our US Consumer Staples Global Top Stock Ideas
  • Discover Financial Services (DFS) reported fourth quarter EPS of USD$2.03 while consensus was for USD$2.05.  Discover Financial Services fourth quarter revenue came in line at USD$2.8 billion while consensus was for USD$2.8 billion.  Discover Financial Services is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas.
  • DR Horton (DHI) reported fourth quarter EPS of 76 cents while consensus was for 78 cents.  DR Horton fourth quarter revenue came at USD$3.51  billion while consensus was for USD$3.49 billion.  DR Horton is rated “Neutral” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Consumer Discretionary Global Top Stock Ideas.
  • E-Trade Financial Services (ETFC) reported fourth quarter EPS of USD$1.07 while consensus was for USD$1.03.  E-Trade Financial Services fourth quarter revenue came at USD$735 million while consensus was for USD$744 million.  E-Trade Financial Services is rated “Neutral” in our US Large-Cap Global Top Stock Ideas.
  • Intel (INTC) reported fiscal second quarter EPS of USD$1.28 while consensus was for USD$1.22.  Intel fiscal second quarter revenue came at USD$18.66 billion, missing consensus of USD$19.01 billion.  Intel gave guidance for 1Q19 revenue of ~USD$16 billion, well below consensus of USD$17.34 billion and EPS guidance of 87 cents, well below USD$1.22 consensus.  Intel is rated “Attractive” in our US Large-Cap Global Top Stock Ideas and “Top Buy” in our US Information Technology Global Top Stock Ideas.
  • Mastercard (MA) will acquire Earthport (AIM: EPO), the UK payments company, for 33 pence per share, besting an offer by Visa (V) by 10%.  Mastercard is valuing Earthport at 233 million pounds.  Mastercard is rated “Top Buy” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Information Technology Global Top Stock Ideas.  Visa is rated “Top Buy” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Information Technology Global Top Stock Ideas.  Earthport is not rated in our Global Top Stock ideas.
  • Mediaset (BIT: MS) and ProSiebenSat.1 (XTRA: PSM) shares surged after Italy’s MF Milano Finanza newspaper reported that the two companies could reach a potential deal as early as next month. The report cites people familiar with the matter while saying that Mediaset could review an offer at their next meeting, planned for early February. Mediaset is rated “Attractive” in our European SMID-Cap Global Top Stock Ideas. ProSiebenSat.1 is rated “Neutral” in our European Large-Cap Global Top Stock Ideas.
  • NextEra Energy (NEE) reported CY4Q2018 operating revenue of USD$155mm while analysts expected USD$270.7mm. NextEra also provided full-year adjusted EBITA guidance between USD$1.2bn and USD$1.38bn, surpassing analysts’ consensus of USD$1.12bn.  NextEra Energy is rated “Neutral” in our US Large-Cap Global Top Stock Ideas 
  • Nokia OYJ (HLSE: NOKIA) will receive CAD$40mm in funding from the government of Canada for research. The research will likely pertain to 5G research as Canada weighs a ban on Nokia rival Huawei. Nokia is rated “Neutral” in our European Large-Cap Global Top Stock Ideas.
  • Norfolk Southern (NSC) reported fourth quarter EPS of USD$2.57 while consensus was for USD$2.28.  Norfolk Southern fourth quarter revenue came at USD$2.896 billion while consensus was for USD$2.84 billion.  Norfolk is rated “Attractive” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Industrials Global Top Stock Ideas.
  • Starbucks (SBUX) reported fourth quarter EPS of 69 cents while consensus was for 65 cents.  Starbucks fourth quarter revenue came at USD$6.63 billion while consensus was for USD$6.48 billion.  Starbucks is rated “Attractive” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Consumer Discretionary Global Top Stock Ideas “Top Buy” in our US Consumer Discretionary Global Top Stock Ideas.
  • Telia Company AB (OM: TELIA) announced CY4Q2018 financials the largely missed analyst expectations. Telia reported adjusted EBITDA of 6.74bn Swedish krona in CY4Q2018, missing the lowest analyst estimates that ranged between 6.94bn Swedish krona and 7.36bn Swedish krona. Telia’s CY4Q2018 net sales of 22.21bn Swedish krona also missed analyst expectations of 22.42bn Swedish krona. Telia is rated “Attractive” in our European Large-Cap Global Top Stock Ideas.
  • Vodafone Group Plc (LSE: VOD) officially suspended its equipment purchases from Huawei Technologies Co Ltd. Vodafone CEO Nick Read said on a call with reporters Friday, “We have decided to pause further Huawei in or core whilst we engage with the various agencies and governments and Huawei.” Vodafone is rated “Neutral” in our United Kingdom All-Cap Global Top Stock ideas.
  • Xilinx Inc. (XLNX) reported FY3Q2019 financials that largely surprised analyst expectations. Xilinx generated an EPS of USD$0.92 in FY3Q2019 while analysts expected just USD$0.86/share. The earnings surprise, fueled by growth in the company's 5G business, prompted Raymond James analyst Chris Caso to comment in a note to clients, “Boy do we feel dumb for missing this stock.” Xilinx is rated “Attractive” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Information Technology 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 with the rally in global tech and news that the Northern Irish political party that is part of PM Theresa May’s government has privately agreed to support her Brexit plan 
  • The Euro Stoxx 600 is currently up +0.74%, the FTSE 100 is higher by +0.29%, the DAX has advanced +1.53%, and the CAC 40 has risen +0.92%
  • January German business sentiment came at 99.1, well below the 100.7 market forecast, further evidence of a softening economy in German
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 2.39x
  • Oil & Gas (+0.79%), Telecommunications (-0.35%), and Basic Resources (+2.17%) stocks are the top performers in the Euro Stoxx 600 today
  • Automobiles & Parts (+1.85%), Food & Beverage (-0.07%), and Utilities (+0.17%) stocks are the worst performers in the Euro Stoxx 600 today
  • 148 stocks in the Euro Stoxx 600 are at 4-week highs while 17 stocks are at 4-week lows
  • 36 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 14.82 after closing at 15.56 yesterday
  • EUR€ is currently up +0.354% against the USD$ to 1.1344
  • GBP£ is currently up +0.253% against the USD$ to 1.3099
  • CHF is currently little changed against the USD$ at 1.0033
  • German 10-Year Bunds are lower with yields up 0.3 basis points to 0.183%
  • UK 10-Year GILTs are lower with yields up 1 basis points to 1.275%

Asian Stocks

  • The Nikkei 225 finished up +0.97%, the Hang Seng ended up +1.65%, the Hang Seng China Enterprise up +1.71%, and the CSI 300 was +0.81%
  • Investor sentiment for Japanese stocks finished positive with the advance/decline ratio for the Nikkei 225 closing at 3.5x
  • 27 stocks in the Nikkei 225 hit 4-week highs while 5 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 9x
  • 15 stocks in the Hang Seng hit 4-week highs while 0 stocks reached 4-week lows
  • 3 stocks in the Hang Seng closed overbought while 0 stocks closed oversold according to the 16-day RSI Measure
  • Japan 2-Year Government Bonds are higher with yields down -0.8 basis points to -0.168%
  • Japan 10-Year Government Bonds are higher with yields down -1.4 basis points to -0.003%
  • JGBs 2s-10s Spread has narrowed 0.6 basis points to 0.17%
  • JPY¥ is currently up +0.164% against the USD$ to 109.82

 

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

We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.
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 56 1.71 -11 -8 -0.9% -0.87%
Goldman Sachs Group Inc/The 32 0.57 -14 -19 -0.71% -4.16%
Verizon Communications Inc 29 2.86 -2 14 0.14% -0.1%
MetLife Inc 27 2.57 -11 16 -0.91% 2.59%
Comcast Corp 26 2.86 -11 -8 -0.9% -0.87%

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
Accenture PLC 11 4.57 6 5 0.09% 0.84%
Caterpillar Inc 6 4.43 2 1 -0.35% 0.3%
AbbVie Inc 9 3.86 0 16 0.73% 2.87%
Starbucks Corp 20 3.71 -1 2 3.66% 8.38%
Mastercard Inc 6 3.71 -1 25 -0.09% 4.53%

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 15.38 67.86% 16.16 73.02% 1.05 43.25% -8.28 13.69% -7.25 7.14%
QQQ 20.25 64.29% 20.62 69.84% 1.02 53.57% -10.27 13.89% -10.57 2.78%
IWM 19.18 73.02% 18.84 75.0% 0.98 34.33% -4.37 18.25% -6.39 3.17%
FEZ 14.21 34.92% 15.35 48.21% 1.08 76.59% -3.77 15.48% -2.92 10.71%
EEM 17.71 35.52% 18.83 41.27% 1.06 80.36% -0.77 46.83% -3.67 11.9%

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
TEXAS INSTRUMENTS INC TXN Information Technology Semiconductors & Semiconductor Equipment 6.68% 4.94% -0.82%
MELLANOX TECHNOLOGIES LTD MLNX Information Technology Semiconductors & Semiconductor Equipment 4.03% 0.61% 25.73%
TELEDYNE TECHNOLOGIES INC TDY Industrials Aerospace & Defense 2.97% 3.6% 20.84%
FISERV INC FISV Information Technology IT Services 2.69% 13.18% 23.92%
JONES LANG LASALLE INC JLL Real Estate Real Estate Management & Development 2.69% 2.58% -8.21%
 
Losers Ticker Sector Industry 1D Return 5D Return YTD
CITRIX SYSTEMS INC CTXS Information Technology Software -6.46% -4.97% 14.16%
MERCK & CO MRK Health Care Pharmaceuticals -3.06% -1.95% 29.4%
ABBVIE INC ABBV Health Care Biotechnology -2.95% 0.38% -8.57%
AUTOZONE INC AZO Consumer Discretionary Specialty Retail -2.4% -2.21% 10.1%
MCCORMICK & CO INC MKC Consumer Staples Food Products -11.14% -11.55% 22.29%

Source: S&P Capital IQ, StockDio

Top Short Winners and Losers

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Winners Ticker Sector Industry 1D Return 5D Return YTD
COTY INC COTY Consumer Staples Personal Products -4.61% -3.23% -98.95%
ANAPTYSBIO INC ANAB Health Care Biotechnology -2.74% -6.5% -40.61%
PBF ENERGY INC PBF Energy Oil, Gas & Consumable Fuels -2.29% -2.23% -1.84%
MYRIAD GENETICS INC MYGN Health Care Biotechnology -1.7% -1.07% -22.34%
HAIN CELESTIAL GROUP INC HAIN Consumer Staples Food Products -1.55% -0.78% -85.22%
 
Losers Ticker Sector Industry 1D Return 5D Return YTD
ROKU INC ROKU Consumer Discretionary Household Durables 6.81% 8.18% -18.47%
INTERCEPT PHARMA INC ICPT Health Care Biotechnology 5.13% 4.97% 72.59%
ROWAN COMPANIES PLC RDC Energy Energy Equipment & Services 4.86% 5.38% -29.78%
VISTEON CORP VC Consumer Discretionary Auto Components 4.78% 3.58% -58.32%
SUPERIOR ENERGY SERVICES INC SPN Energy Energy Equipment & Services 4.46% -6.33% -101.33%

Source: S&P Capital IQ, StockDio

Cryptos

  • Cryptocurrencies are broadly in the red as the price of Bitcoin (BTC) is down 0.47% in the last 24 hours to USD$3,576.74. Binance Coin (BNB) and Litecoin (LTC) are the only major coins moving against the broader market, up 1.30% and 1.46% in the last 24 hours to USD$32.45 and USD$6.59, respectively. Bitcoin Cash (BCH) is observing the largest losses among major coins, down 1.63% in the last 24 hours to USD$127.43.  
  • Aetna, a US-based health insurance giant, is partnering with IBM to develop a blockchain platform for the healthcare industry, according to a Reuters report Thursday. Aetna and IBM also issued a joint statement specifying that the blockchain platform will be tailored to streamline insurance claims processing and payments. Other notable US companies, including PNC Bank, Health Care Service Corporation, and Anthem Inc. Have also joined the blockchain initiative.  
  • Overstock, a US e-commerce giant who is transitioning business practices into the blockchain and crypto industry, has launched live secondary trading of its tZERO token platform, as per a press release Thursday. Trading on tZERO is available only to accredited investors through a digital securities account at Dinosaur Financial Group, who will act as a broker-dealer. CEO of tZERO, Saum Noursalehi, said on the token platform launch, “The world of security tokens has lacked a regulated venue for secondary trading. The trading of our own security tokens is the cross of the Rubicon for the new world of digital assets. This will create liquidity, democratize access, bring transparency and efficiency to global markets, and accelerate the adoption of security tokens.”  
  • Major US-based cryptocurrency exchange and wallet service Coinbase has announced the addition of services to enable users in the US to claim crypto trades on their taxes. In addition to an extensive crypto tax educational guide, Coinbase also added integration with popular tax software TurboTax on its platform. Coinbase aims to add clarity for its users regarding cryptocurrency transactions and their tax requirements with the launch of its new services. 

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
NVR, Inc. NVR 1/25/2019 Earnings Release Date US Large-Cap: C, US Consumer Discretionary: C
Lear Corporation LEA 1/25/2019 Earnings Release Date US Large-Cap: D, US Consumer Discretionary: B
D.R. Horton, Inc. DHI 1/25/2019 Earnings Release Date US Large-Cap: C, US Consumer Discretionary: B
AbbVie Inc. ABBV 1/25/2019 Earnings Release Date US Large-Cap: A
Air Products and Chemicals, Inc. APD 1/25/2019 Earnings Release Date US Large-Cap: A
Colgate-Palmolive Company CL 1/25/2019 Earnings Release Date US Large-Cap: A, US Consumer Staples: A
Hess Corporation HES 1/27/2019 Estimated Earnings Release Date US Large-Cap: F
Mattel, Inc. MAT 1/27/2019 Estimated Earnings Release Date US Large-Cap: F, US Consumer Discretionary: C
Integrated Device Technology, Inc. IDTI 1/27/2019 Earnings Release Date US Large-Cap: C, US Information Technology: C
Caterpillar Inc. CAT 1/28/2019 Earnings Release Date US Large-Cap: C, US Industrials: B
Cadence Bancorporation CADE 1/28/2019 Earnings Release Date US Large-Cap: B
Reinsurance Group of America, Incorporated RGA 1/28/2019 Earnings Release Date US Large-Cap: B
Celanese Corporation CE 1/28/2019 Earnings Release Date US Large-Cap: B
Graco Inc. GGG 1/28/2019 Earnings Release Date US Large-Cap: B, US Industrials: C
AK Steel Holding Corporation AKS 1/28/2019 Earnings Release Date US Large-Cap: D
Brown & Brown, Inc. BRO 1/28/2019 Earnings Release Date US Large-Cap: C
Crane Co. CR 1/28/2019 Earnings Release Date US Large-Cap: C, US Industrials: B
Equity LifeStyle Properties, Inc. ELS 1/28/2019 Earnings Release Date US Large-Cap: C
eBay Inc. EBAY 1/28/2019 Estimated Earnings Release Date US Large-Cap: B, US Information Technology: B
HCA Healthcare, Inc. HCA 1/28/2019 Estimated Earnings Release Date US Large-Cap: B
Apple Inc. AAPL 1/28/2019 Estimated Earnings Release Date US Large-Cap: A, US Information Technology: A
Boston Properties, Inc. BXP 1/28/2019 Earnings Release Date US Large-Cap: D
PACCAR Inc PCAR 1/28/2019 Estimated Earnings Release Date US Large-Cap: B, US Industrials: C
Pfizer Inc. PFE 1/28/2019 Estimated Earnings Release Date US Large-Cap: B
Brinker International, Inc. EAT 1/29/2019 Earnings Release Date US Large-Cap: B, US Consumer Discretionary: B

Source: S&P Capital IQ