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Morning Brief

Wake up to the Morning Quant Ride, your global markets update every morning!

Morning Quant Ride

Jun 15, 2018

US Stocks                                                                                                                                                                   Start your free trial today

  • Global stocks were mixed today, with a negative bias after a report that President Trump approved ~$50B tariffs on Chinese goods
  • US equity index futures are little changed with Dow Jones minis -0.56%, S&P500 minis -0.37% and Nasdaq 100 minis -0.28%
  • The VIX is rising this morning up 35 basis points, or 2.70%, to 12.59
  • SPY June 15 OTM and ITM Calls, BAC June 15 ATM Calls, EEM June 15 ATM Puts are the most heavily traded options contracts in the US pre-market this AM
  • The yield on the US 10-year government yield is down 1.2 basis points to 2.931%
  • The USD$ index is flat this morning, with strength in AUD$, CHF, and CAD$ offset by weakness in GBP£ and EUR€

International Stocks

  • European stocks are mixed this morning following yesterday’s ECB’s announcement, with the Euro Stoxx 600 -0.37%, FTSE 100 -0.74%, DAX -0.30%, and the CAC40 +0.17%
  • The VSTOXX, the European stocks equivalent of the VIX, is up 36 basis points, or 3.22%, to 11.81
  • Asian stocks closed mixed this morning following President Trump approving tariffs against China, with the Nikkei 225 +0.50%, Hang Seng -0.43%, and the Hang Seng China Enterprise Index -0.67%
  • The BOJ will be keeping their interest rates unchanged, as expected

Cryptos

  • The SEC weighed in on the status of Ethereum (ETH) yesterday. The SEC noted that the cryptocurrency does not display any of the characteristics of a traditional security. The regulatory body is aiming to differentiate security tokens and utility tokens under its Regulation D framework. Additionally, the SEC observed that bitcoin (BTC) is not a security either
  • The University of Texas at Austin has received funding from Ripple. The company has pledged to invest USD$2mm over the next five years to support a blockchain research initiative. Ripple has pledged to invest USD$50mm in blockchain research by funding universities around the globe
  • Cryptocurrencies are mixed this morning. Quantamize AI Machine Learning 3-Day Crypto Signals are on their second day and two out of thirty cryptocurrencies are rated as Buy

*Data in Price Return, Source: Stockdio

S&P 500 Sector Performance

*Data in Total Return as of the Previous Day's EOD, Source: Capital IQ

Conviction Buy Laggards From Yesterday We Are Watching Today

Click name for Q-Factor rating and financial data.

American Eagle Outfitters, Inc. - 4.15% off its 52wkH on 06/11/2018, reports earnings on 08/17/2018

Applied Materials, Inc. - 20.37% off its 52wkH on 03/12/2018, reports earnings on 08/16/2018

Electro Scientific Industries, Inc. - 32.18% off its 52wkH on 11/27/2017, reports earnings on 07/30/2018

Kohl's Corporation - 8.31% off its 52wkH on 06/12/2018, reports earnings on 08/21/2018

Lam Research Corporation - 22.87% off its 52wkH on 03/13/2018, reports earnings on 07/26/2018

Micron Technology, Inc. - 8.48% off its 52wkH on 05/30/2018, reports earnings on 06/20/2018

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

Alleghany Technologies Inc (ATI) has been downgraded to underweight from a neutral JP Morgan. Shares of Allegheny are down 2.38% to $27.50 pre-market.

AT&T Inc (T) has closed its $85 billion deal with Timer Warner Inc (TWX), a judge’s ruling that overturned the US Justice Department’s attempt to block the acquisition.

Qualcomm Inc’s (QCOM) $43 billion acquisition bid for NXPI Semiconductors (NXPI) has reportedly been approved by Chinese regulators.

Rolls-Royce (LSE:RR) shares are up 8.88% after the company cut 8% of its workforce, as the company seeks to increase its free cash flow by more than $1.3 billion by 2020.

Southwest Airlines (LUV) shares are down 0.94% pre-market to $51.45, after the company was downgraded from to hold from a buy rating at Argus Research Corp.

Cryptocurrencies Today

*Source Stockdio

Stock Movers

Conviction Buy Winners and Losers

On Mobile/Tablet scroll to the right.

Winners  Ticker Sector Industry 1 Day Return 5 Day Return  YTD
Comcast Corporation CMCS.A Consumer Discretionary Cable and Satellite 4.64% 5.42% -15.56%
Fortive Corporation FTV Industrials Industrial Machinery 2.61% 2.47% 10.75%
Genesee & Wyoming Inc. GWR Industrials Railroads 2.56% 0.54% 2.32%
Anthem, Inc. ANTM Healthcare Managed Healthcare 2.30% 5.89% 7.44%
The Walt Disney Company DIS Consumer Discretionary Movies and Entertainment 2.30% 4.59% 1.15%

 

Losers Ticker Sector Industry 1 Day Return 5 Day Return  YTD
BB&T Corporation BBT Financials Regional Banks -2.51% -3.96% -0.11%
Lam Research Corporation LRCX Information Technology Semiconductor Equipment -1.85% -3.65% -8.58%
Harris Corporation HRS Industrials Aerospace and Defense -1.50% -3.04% -0.35%
The Western Union Company WU Information Technology Data Processing and Outsourced Services -1.34% -0.66% 3.52%
Micron Technology, Inc. MU Information Technology Semiconductors -1.45% -3.60% 2.76%

Source: S&P Capital IQ

Conviction Short Winners and Losers

On Mobile/Tablet scroll to the right.

Winners Ticker Sector Industry 1 Day Return 5 Day Return  YTD
Pivotal Software, Inc. PVTL Information Technology Application Software -5.25% 28.46% 48.53%
ACADIA Pharmaceuticals Inc. ACAD Healthcare Biotechnology -4.84% -12.06% -14.33%
C&J Energy Services, Inc. CJ Energy Oil and Gas Equipment and Services -4.56% -7.06% -12.96%
Apergy Corporation APY Energy Oil and Gas Equipment and Services -4.31% -8.09% -11.67%
Madrigal Pharmaceuticals, Inc. MDGL Healthcare Biotechnology -4.02% 6.26% 13.20%

 

Losers Ticker Sector Industry 1 Day Return 5 Day Return  YTD
Etsy, Inc. ETSY Information Technology Internet Software and Services 26.25% 25.26% 103.67%
Puma Biotechnology, Inc. PBYI Healthcare Biotechnology 7.02% 11.78% -45.27%
AnaptysBio, Inc. ANAB Healthcare Biotechnology 6.20% 5.02% -25.63%
Twitter, Inc. TWTR Information Technology Internet Software and Services 6.10% 13.47% 94.75%
Pluralsight, Inc. PS Information Technology Application Software 5.68% 9.71% 0.00%

Source: S&P Capital IQ

Events Calendar

On Mobile/Tablet scroll to the right.

Company Name Ticker Event Date Event Type Q-Factor Score
Dali Foods Group Company Limited SEHK:3799 6/15/2018 Estimated Earnings Release Date China All-Cap: C
Bestway Global Holding Inc. SEHK:3358 6/16/2018 Estimated Earnings Release Date China All-Cap: C
Swire Pacific Limited SEHK:19 6/16/2018 Estimated Earnings Release Date China All-Cap: C
China Xinhua Education Group Limited SEHK:2779 6/18/2018 Estimated Earnings Release Date China All-Cap: F
NetDragon Websoft Holdings Limited SEHK:777 6/18/2018 Estimated Earnings Release Date China All-Cap: D
Carnival Corporation CCL 6/18/2018 Estimated Earnings Release Date US Large-Cap: C, US Consumer Discretionary: B
Secoo Holding Limited SECO 6/18/2018 Earnings Release Date China All-Cap: C
FedEx Corporation FDX 6/19/2018 Earnings Release Date US Large-Cap: B, US Industrials: B
Oracle Corporation ORCL 6/19/2018 Earnings Release Date US Large-Cap: C, US Information Technology: C
Link Motion Inc. LKM 6/19/2018 Estimated Earnings Release Date China All-Cap: F
Wang On Properties Limited SEHK:1243 6/19/2018 Earnings Release Date China All-Cap: D
Huabao International Holdings Limited SEHK:336 6/19/2018 Earnings Release Date China All-Cap: C
Razer Inc. SEHK:1337 6/19/2018 Estimated Earnings Release Date China All-Cap: F
Micron Technology, Inc. MU 6/19/2018 Estimated Earnings Release Date US Large-Cap: A, US Information Technology: A
Wynnstay Group plc WYN 6/19/2018 Estimated Earnings Release Date US Large-Cap: C, US Consumer Discretionary: B
Stream Ideas Group Limited SEHK:8401 6/19/2018 Earnings Release Date China All-Cap: F

Source: S&P Capital IQ