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Global stocks moving higher on hopes for US-China trade progress as talks wrap up today

Feb 22, 2019

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Market data as of 7:00 AM

 

US Stocks

  • Global stocks are generally higher this morning as investors await news of progress on US-China trade talks 
  • US stocks index futures are higher this morning with front-month Dow Jones minis +0.51%, S&P 500 minis +0.44%, and Nasdaq 100 minis +0.56% 
  • On both the Dow Jones and S&P 500 indexes 90% of stocks are trading above their 50-day moving average, a bullish sign-in the past there has been an average rise of 10% from this point when such a high percentage of stocks are above their 50-day moving averages 
  • President Trump is due to meet with Chinese vice premier Liu He Friday afternoon, a signal to many that there is reason for optimism, as this meeting will wrap up this week’s trade talks 
  • Reports are that the 2 countries are working on a memorandum of understanding (MOU) that would outline the main points of a final deal
  • The VIX is moving down this morning and is currently at 14.23 after closing at 14.46 yesterday
  • EEM March 15 OTM Puts, General (GE) March 08 OTM Puts and HYG December 20 OTM Puts are some of the most heavily traded options in the US pre-market this morning.
  • US 10-Year Treasury Bonds are higher with yields down -1.26 basis points to 2.6788%
  • The US Treasury 2s-10s Spread has narrowed 0.44 basis points to 0.16%
  • WTI Crude is currently down -0.3% to USD$56.75/bbl with the Brent-WTI spread up USD$0.99 to USD$10.28/bbl
  • Gold is currently little changed 0.03% to USD$1324.03/oz

Stocks Trending in the News

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

  • Alibaba (BABA) CEO Daniel Zhang said the company has no plans for any layoffs.  Alibaba intends to keep up its recruitment efforts.  There has been a wave of layoffs at Chinese fintech companies and Alibaba, with over 100,000 employees, wants to keep growing.  Alibaba is rated “Top Buy” in our China All-Cap Global Top Stock Ideas.
  • Altice USA (ATUS) reported fourth quarter EPS of USD$0.30.  Altice USA reported fourth quarter adjusted revenue of USD$2.45 billion in line with consensus of USD$2.46 billion.  Altice USA gave 2019 revenue growth guidance of 2.5-3%.  Altice USA is rated “Top Short” in our Large-Cap Global Top Stock Ideas.
  • Baidu Inc. (BIDU) expects to report 18% y/y revenue growth for the current quarter, the company told analysts. CEO Robin Li also double downed on the company's plan to increase spending to drive new user growth and ramp up its advertising business. Baidu issued revenue guidance of 23.5bn yuan for the 3-month period ending March. Baidu is rated “Neutral” in our China All-Cap Global Top Stock Ideas.
  • Caesars Entertainment (CZR) reported fourth quarter EPS of USD$0.25 well above consensus of 9 cents per share loss.  Caesars Entertainment reported fourth quarter adjusted revenue of USD$2.12 billion in line with consensus of USD$2.11 billion.  Caesars Entertainment is rated “Unattractive” in our Large-Cap Global Top Stock Ideas and “Neutral” in our US Consumer Discretionary Global Top Stock Ideas.
  • Infrastrutture Wireless Italiane S.p.A. (BIT: INW) shares soared to record highs after Telecom Italia (BIT: TIT) and Vodafone (LSE: VOD) announced they will undertake building 5G wireless networks through a joint venture.  Morgan Stanley said that, as a result of the deal, “Inwit would become a more independent TowerCo.” Infrastrutture Wireless Italiane is rated “Top Buy” in our European SMID-Cap Global Top Stock Ideas. Telecom Italia is rated “Unattractive” in our European Large-Cap Global Top Stock Ideas. Vodafone is rated “Unattractive” in our United Kingdom All-Cap Global Top Stock Ideas.
  • Kraft-Heinz (KHC) wrote down the value of its existing brands by USD$15.4 billion when it reported results yesterday, leading to a quarterly loss of USD$12.6 billion or USD$10.34 per share.  Kraft-Heinz also disclosed a probe from the Securities and Exchange Commission relating to its procurement practices.  Fourth quarter earnings also came below expectations, but it is the write-down that is the focus of investors’ attention.  Kraft-Heinz is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Consumer Discretionary Global Top Stock Ideas. 
  • Nike (NKE) has been the subject of ridicule in the social media realm after a basketball player sprained his knee when his Nike sneakers split open in the middle of a game.  The player from Duke University limped off the court and immediately Nike became the butt of endless jokes about the poor quality of its products.  Nike is rated “Unattractive” in our Large-Cap Global Top Stock Ideas and “Top Buy” in our US Consumer Staples Global Top Stock Ideas.
  • Nintendo Co. (TSE: 7974) announced that it will buyback 33bn yen (USD$298mm) worth of stock to offset the effect of 84bn yen worth of stock sales by shareholders, most of which are financial institutions. The Bank of Yuoto Ltd., Nomura Trust & Banking Co., Mitsubishi UFJ Financial Group, and some other financial institutions will sell up to 2.79mm Nintendo shares. Nintendo is not rated in our Global Top Stock Ideas.
  • Provident Financial Plc (LSE: PFG) shares soared after Non-Standard Finance (LSE: NSF) offered to buy the company via an all-stock reverse takeover. The all-stock reverse takeover is priced at 511p/share equivalent as of Thursday’s close. Providential Financials shareholders will receive 8.88 shares of Non-Standard Finance shares for each share owned. Provident Financial is rated “Top Short” in our United Kingdom All-Cap Global Top Stock Ideas. Non-Standard Finance is not rated in our Global Top Stock Ideas.
  • Roku (ROKU) reported fourth quarter pro-forma EPS of USD$0.05 above consensus of USD$0.03.  Roku reported fourth quarter adjusted revenue of USD$275.7 million beating consensus of USD$262.4 million.  Roku gave first quarter 2019 revenue guidance of USD$185-190 million.  Roku is rated “Top Short” in our Large-Cap Global Top Stock Ideas.
  • Societe Generale SA (ENXTPA: GLE) is planning to cut thousands of jobs at its investment bank, according to a Bloomberg report citing people familiar with the matter. Societe Generale is seeking to cut 500mm euros (USD$567mm) in costs and review its less profitable investment banking activities following its abysmal CY4Q2018. Societe Generale is rated “Unattractive” in our European Large-Cap Global Top Stock Ideas.

 

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European Stocks

  • The Euro Stoxx 600 is currently up +0.31%, the FTSE 100 is higher by +0.6%, the DAX has advanced +0.57%, and the CAC 40 has risen +0.33%
  • Germany reported zero GDP growth in the fourth quarter while readings on business climate came below expectations, further evidence of the challenge Germany faces
  • British negotiators have made little progress on Brexit and PM Theresa May is expected to request a 3-month extension to talks with the EU 
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 2.06x
  • Basic Resources (+1.98%), Technology (+1.08%), and Industrial Goods & Services (+0.73%) stocks are the top performers in the Euro Stoxx 600 today
  • Food & Beverage (-0.66%), Real Estate (-0.58%), and Utilities (-0.16%) stocks are the worst performers in the Euro Stoxx 600 today
  • 181 stocks in the Euro Stoxx 600 are at 4-week highs while 24 stocks are at 4-week lows
  • 64 stocks in the Euro Stoxx 600 are overbought while 6 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 13.85 after closing at 14.34 yesterday
  • EUR€ is currently little changed against the USD$ at 1.1338
  • GBP£ is currently down -0.261% against the USD$ to 1.3009
  • CHF is currently little changed against the USD$ at 0.9994
  • German 10-Year Bunds are higher with yields down -2.1 basis points to 0.106%
  • UK 10-Year GILTs are higher with yields down -4.3 basis points to 1.159%

Asian Stocks

  • The Nikkei 225 finished down --0.18%, the Hang Seng ended up +0.65%, the Hang Seng China Enterprise up +1.07%, and the CSI 300 was +2.25%
  • Investor sentiment for Japanese stocks finished negative with the advance/decline ratio for the Nikkei 225 closing at 0.47x
  • 48 stocks in the Nikkei 225 hit 4-week highs while 3 stocks reached 4-week lows
  • 7 stocks 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 4.56x
  • 26 stocks in the Hang Seng hit 4-week highs while 1 stocks reached 4-week lows
  • 11 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 lower with yields up 0.5 basis points to -0.175%
  • Japan 10-Year Government Bonds are lower with yields up 0.1 basis points to -0.037%
  • JGBs 2s-10s Spread has narrowed 0.4 basis points to 0.14%
  • China RMB 2-Year Government Bonds are lower with yields up 1.3 basis points to 2.613%
  • China RMB 10-Year Government Bonds are lower with yields up 0.8 basis points to 3.145%
  • China Government RMB 2s-10s Spread has narrowed 0.5 basis points to 0.53%
  • JPY¥ is currently up +0.154% against the USD$ to 110.87

 

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

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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
Amazon.com Inc 264 2.57 6 7 15.38% 15.44%
Apple Inc 125 3.86 -30 -36 -1.63% -11.85%
Facebook Inc 81 5 11 11 5.19% 5.98%
Walmart Inc 55 2 2 1 1.88% 1.88%
Netflix Inc 50 2 1 -3 0.97% 19.97%

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
Halliburton Co 7 5.29 -27 -30 -11.68% -23.26%
AbbVie Inc 13 5.14 -5 -3 2.69% 3.3%
Facebook Inc 81 5 11 11 5.19% 5.98%
Texas Instruments Inc 6 4.86 -8 -12 -3.66% -4.87%
Raytheon Co 6 4.29 -12 -13 1.31% 1.93%

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
  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 12.28 47.22% 12.55 38.69% 1.02 31.15% 2.22 81.35% -9.28 0.6%
QQQ 16.54 42.66% 16.9 38.49% 1.02 49.21% 1.35 70.44% -11.07 7.94%
IWM 14.37 47.62% 14.75 42.86% 1.03 50.0% 4.03 87.3% -8.4 3.17%
FEZ 13.39 26.98% 14.53 37.7% 1.09 79.56% 1.08 61.51% -2.92 17.26%
EEM 15.86 11.9% 17.32 17.86% 1.09 92.26% 1.32 74.21% -1.26 51.39%

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

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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
BLOCK H & R INC HRB Consumer Discretionary Diversified Consumer Services 2.76% 1.31% -4.73%
MCCORMICK & CO INC MKC Consumer Staples Food Products 2.53% 3.94% 29.59%
VERISK ANALYTICS INC VRSK Industrials Professional Services 1.37% 0.49% 26.2%
LAMB WESTON HOLDINGS INC LW Consumer Staples Food Products 1.3% 3.47% 26.25%
MCDONALD'S CORP MCD Consumer Discretionary Hotels, Restaurants & Leisure 1.28% 4.85% 7.9%
 
Losers Ticker Sector Industry 1D Return 5D Return YTD
IDEXX LABS INC IDXX Health Care Health Care Equipment & Supplies -2.61% -2.11% 26.64%
PREMIER INC PINC Health Care Health Care Providers & Services -2.47% 0.32% 22.39%
FIDELITY NATL FINL FNF GROUP FNF Financials Insurance -1.82% -6.08% -8.31%
VAIL RESORTS INC MTN Consumer Discretionary Hotels, Restaurants & Leisure -1.78% 0.12% 1.08%
GENERAL DYNAMICS CORP GD Industrials Aerospace & Defense -1.63% -1.07% -13.21%

Source: S&P Capital IQ, StockDio

Top Short Winners and Losers

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Winners Ticker Sector Industry 1D Return 5D Return YTD
CYRUSONE INC CONE Real Estate Equity Real Estate Investment Trusts (REITs) -8.72% -4.64% -7.58%
INTERCEPT PHARMA INC ICPT Health Care Biotechnology -7.55% -18.37% 48.84%
TARGA RESOURCES CORP TRGP Energy Oil, Gas & Consumable Fuels -6.58% -5.53% -6.07%
LAREDO PETROLEUM INC LPI Energy Oil, Gas & Consumable Fuels -6.21% -5.42% -112.7%
CARRIZO OIL & GAS INC CRZO Energy Oil, Gas & Consumable Fuels -5.88% -0.34% -66.15%
 
Losers Ticker Sector Industry 1D Return 5D Return YTD
VISTEON CORP VC Consumer Discretionary Auto Components 8.34% 13.71% -38.52%
PIVOTAL SOFTWARE INC PVTL Information Technology Software 3.37% 8.09% 28.18%
MATTEL INC MAT Consumer Discretionary Leisure Products 3.03% -19.47% -13.12%
SPRINT CORP S Communication Services Wireless Telecommunication Services 2.66% 5.55% 8.87%
MADRIGAL PHARMACEUTICALS INC MDGL Health Care Biotechnology 2.08% 6.1% 25.38%

Source: S&P Capital IQ, StockDio

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
ITT Inc. ITT 2/22/2019 Earnings Release Date US Large-Cap: C, US Industrials: C
Wayfair Inc. W 2/22/2019 Earnings Release Date US Large-Cap: B, US Consumer Discretionary: C
Cinemark Holdings, Inc. CNK 2/22/2019 Earnings Release Date US Large-Cap: C, US Consumer Discretionary: A
W. P. Carey Inc. WPC 2/22/2019 Earnings Release Date US Large-Cap: B
Cabot Oil & Gas Corporation COG 2/22/2019 Earnings Release Date US Large-Cap: B
Pinnacle West Capital Corporation PNW 2/22/2019 Earnings Release Date US Large-Cap: B
AutoNation, Inc. AN 2/22/2019 Earnings Release Date US Large-Cap: D, US Consumer Discretionary: C
Sabra Health Care REIT, Inc. SBRA 2/24/2019 Earnings Release Date US Large-Cap: D
Berkshire Hathaway Inc. BRK.B 2/24/2019 Estimated Earnings Release Date US Large-Cap: C
Westinghouse Air Brake Technologies Corporation WAB 2/25/2019 Earnings Release Date US Large-Cap: D, US Industrials: B
Carter's, Inc. CRI 2/25/2019 Earnings Release Date US Large-Cap: C, US Consumer Discretionary: C
McDermott International, Inc. MDR 2/25/2019 Earnings Release Date US Large-Cap: C
Armstrong World Industries, Inc. AWI 2/25/2019 Earnings Release Date US Large-Cap: B, US Industrials: A
The Mosaic Company MOS 2/25/2019 Earnings Release Date US Large-Cap: C
Hertz Global Holdings, Inc. HTZ 2/25/2019 Earnings Release Date US Large-Cap: D, US Industrials: C
2U, Inc. TWOU 2/25/2019 Earnings Release Date US Large-Cap: C, US Information Technology: C
Insulet Corporation PODD 2/25/2019 Earnings Release Date US Large-Cap: C
RealPage, Inc. RP 2/25/2019 Earnings Release Date US Large-Cap: C, US Information Technology: C
Medpace Holdings, Inc. MEDP 2/25/2019 Earnings Release Date US Large-Cap: B
Etsy, Inc. ETSY 2/25/2019 Earnings Release Date US Large-Cap: C, US Information Technology: C
Shake Shack Inc. SHAK 2/25/2019 Earnings Release Date US Large-Cap: F, US Consumer Discretionary: C
DiamondRock Hospitality Company DRH 2/25/2019 Earnings Release Date US Large-Cap: C
EPR Properties EPR 2/25/2019 Earnings Release Date US Large-Cap: A
ONEOK, Inc. OKE 2/25/2019 Earnings Release Date US Large-Cap: C
Range Resources Corporation RRC 2/25/2019 Earnings Release Date US Large-Cap: F
Pebblebrook Hotel Trust PEB 2/25/2019 Earnings Release Date US Large-Cap: D
Tenet Healthcare Corporation THC 2/25/2019 Earnings Release Date US Large-Cap: D
Centennial Resource Development, Inc. CDEV 2/25/2019 Earnings Release Date US Large-Cap: D
BWX Technologies, Inc. BWXT 2/25/2019 Earnings Release Date US Large-Cap: C, US Industrials: A
Sabre Corporation SABR 2/25/2019 Estimated Earnings Release Date US Large-Cap: C, US Information Technology: A
Carrizo Oil & Gas, Inc. CRZO 2/25/2019 Estimated Earnings Release Date US Large-Cap: F
Cracker Barrel Old Country Store, Inc. CBRL 2/25/2019 Estimated Earnings Release Date US Large-Cap: B, US Consumer Discretionary: A
Dillard's, Inc. DDS 2/25/2019 Estimated Earnings Release Date US Large-Cap: D, US Consumer Discretionary: C
EOG Resources, Inc. EOG 2/25/2019 Estimated Earnings Release Date US Large-Cap: C
Amicus Therapeutics, Inc. FOLD 2/25/2019 Estimated Earnings Release Date US Large-Cap: D

Source: S&P Capital IQ

 

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