Morning Quant Ride

Jun 05, 2018

US Stocks                                                                                                                                                                                     Click For Free Trial

  • US equity index futures are advancing this morning following news that the US has asked Saudi Arabia and other OPEC producers to boost oil output in an attempt to pressure gasoline prices at the pump
  • Dow Jones minis +0.15%, S&P500 minis +0.15% and Nasdaq 100 minis +0.24%
  • The VIX is down to 12.59 this AM
  • SPY June 15 OTM Calls, XOPY Jan 19 OTM Puts and USO October 18 OTM Call are the most heavily traded options contracts this morning pre-market
  • The yield on the US 10-year government bond is down 2.9 basis points to 2.913%
  • The USD$ Index is little changed this AM with a strengthening GBP£ +0.34% offsetting weakness in the AUD$ -0.37% and EUR€ -0.12%
  • Crude oil prices are trading down this AM with WTI -0.60% to USD$64.36.bbl and Brent -1.71% to USD$74.01/bbl
  • NYMEX gasoline prices are down 1.41% to USD$2.09/gallon

International Stocks

  • European stocks are extending yesterday’s gains this morning with the Euro Stoxx 600 +0.45%, FTSE 100 -0.36%, CAC 40 +0.67 % and DAX +1.18%
  • European Stocks are trading up on expectations that Saudi Arabia and its OPEC allies will increase oil productions
  • Technology stocks are continuing the global rally in tech stocks with chipmakers leading the advance in Europe
  • UK Stocks are declining with the strengthening GBP this AM and falling oil prices pressuring mega-cap stocks British Petroleum (LSE:BP) and Royal Dutch Shell (ENXTAM:RDSA)
  • Italian sovereign bonds are selling off following populist comments by Prime Minister Giuseppe Conte ranging from citizen’s income for the poor to curbs on immigration
  • The yield on the Italian 10-year government bond is +13 basis points to 2.635%
  • Asia stocks finished their training sessions positive with the Nikkei 225 +0.28%, Hang Seng +0.31%, Hang Seng China Enterprise +0.08%

Cryptos

  • Currently it has been reported that USD$5.86bn of EOS is being held by only 10 addresses, which represent 49.67% of the existing 1bn EOS tokens. EOS has under 900mm tokens circulating and ~100mm is held by the development team
  • A new venture, Decoin, has been created to provide investors with credit card access. Decoin will be offering its own suite of credit cards to users that hold its cryptocurrency. Decoin uses a Proof of Stake consenus system and will also allow users to hold their cryptocurrencies in a wallet that bears interest
  • Germany’s Finance Minstry has confirmed that six financial instutitions in Germany are active in the cryptocurrency space. The Federal Financial Supervisory Authority (BaFin) did not specifically mention the banks or entities that are involved. BaFin also mentioned that there were no open inquiries relating to money laundering or other suspicious activities
  • Quantamize’s Machine Learning Crypto Signals have been updated for a new 3-Day rolling signal. Currently, 6 cryptocurrencies are “Buys”, while 24 cryptocurrencies are “Don’t Own”

*Data in Price Return

S&P 500 Sector Performance

*Data in Total Return as of Previous Day's EOD

Conviction Buy Laggards From Yesterday We Are Watching Today

Click name for Q-Factor rating and financial data.

Electro Scientific Industries, Inc. - 28.79% off its 52wkH on 11/27/2017, reports earnings on 07/30/2018

Huntsman Corporation - 11.47% off its 52wkH on 01/25/2018, reports earnings on 07/27/2018

Kansas City Southern - 7.11% off its 52wkH on 04/23/2018, reports earnings on 07/19/2018

Norfolk Southern Corporation - 3.43% off its 52wkH on 01/16/2018, reports earnings on 07/26/2018

Photronics, Inc. - 18.52% off its 52wkH on 06/09/2017, reports earnings on 08/15/2018

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

Carnival Corp (CCL) shares are down 4.25% to $60.65 pre-share after Morgan Stanley warned about a potential slowdown in the cruises sector in 2H2018, as concerns rise about a potentially strong hurricane season in the Caribbean as well as increasing fuel costs.

Facebook (FB) and Alphabet (GOOGL) are being sued by Washington state over accusations that the firms violated state financing laws by failing to maintain proper databases regarding who purchased election ads.

Netflix (NLFX) will be joining the S&P 100 beginning on June 7th and will be replacing Monsanto Co. (MON) in the S&P 100.

Schneider Electric (ENXTPA:SU) shares are down 1.2% in today’s trading, to €74.68 per share, after the company announced expectations for higher 2H2018 raw material costs, including rising fuel prices.

Starbucks (SBUX) shares have declined by 1.17% before the open to $56.40, following yesterday’s news that founder and CEO Howard Shultz would be retiring from his position in the company at the end of June 2018.

Twitter (TWTR) stock will be added to the S&P 500 index this week, also replacing Monsanto. This development is considered unusual, given that Twitter has posted only 2 consecutive quarters of profitability. Normally, 4 straight quarters of profitability are required for inclusion into the S&P 500. Shares of Twitter are up 4.30% pre-market to $39.51 following this development.

YY Inc (YY) ADRs are up 2.54% pre-market today, to $123.04 per share, ahead of the company’s earnings release tomorrow morning.

Cryptocurrencies Today

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
WEX Inc. WEX Information Technology Data Processing and Outsourced Services 5.03% 5.68% 32.12%
Ollie's Bargain Outlet Holdings, Inc. OLLI Consumer Discretionary General Merchandise Stores 4.89% 4.01% 38.97%
Vail Resorts, Inc. MTN Consumer Discretionary Leisure Facilities 3.89% 4.89% 20.03%
WellCare Health Plans, Inc. WCG Healthcare Managed Healthcare 2.40% 0.46% 13.39%
Baxter International Inc. BAX Healthcare Healthcare Equipment 2.06% 3.24% 14.79%

 

Losers Ticker Sector Industry 1 Day Return 5 Day Return  YTD
Norfolk Southern Corporation NSC Industrials Railroads -2.24% -1.99% 0.07%
Kansas City Southern KSU Industrials Railroads -1.56% -3.55% -0.38%
Fidelity National Financial, Inc. FNF Financials Property and Casualty Insurance -1.21% -1.92% 0.49%
WEC Energy Group, Inc. WEC Utilities Multi-Utilities -1.24% -2.92% -2.53%
A. O. Smith Corporation AOS Industrials Building Products -1.20% -2.58% -0.46%

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
Nektar Therapeutics NKTR Healthcare Pharmaceuticals -41.82% -34.78% -34.51%
Longfin Corp. LFIN Financials Financial Exchanges and Data -11.53% -24.69% -19.06%
Tesaro, Inc. TSRO Healthcare Biotechnology -9.83% -4.90% -7.63%
Blueprint Medicines Corporation BPMC Healthcare Biotechnology -9.24% -7.07% -8.81%
Gulfport Energy Corporation GPOR Energy Oil and Gas Exploration and Production -8.86% -6.90% -6.48%

 

Losers Ticker Sector Industry 1 Day Return 5 Day Return  YTD
Immunomedics, Inc. IMMU Healthcare Biotechnology 10.26% 15.66% 54.95%
Pluralsight, Inc. PS Information Technology Application Software 7.76% 7.80% 0.00%
DocuSign, Inc. DOCU Information Technology Internet Software and Services 7.04% 7.32% 0.00%
Snap Inc. SNAP Information Technology Application Software 5.93% 12.31% -15.67%
Applied Optoelectronics, Inc. AAOI Information Technology Communications Equipment 4.29% 15.58% 24.14%

Source: S&P Capital IQ

Events Calendar

On Mobile/Tablet scroll to the right.

Company Name Ticker Event Date Event Type Q-Factor Score
YY Inc. YY 6/5/2018 Earnings Release Date China All-Cap: A
Navistar International Corporation NAV 6/5/2018 Earnings Release Date US Large-Cap: D, US Industrials: B
HD Supply Holdings, Inc. HDS 6/5/2018 Earnings Release Date US Large-Cap: C, US Industrials: C
Ambarella, Inc. AMBA 6/5/2018 Earnings Release Date US Large-Cap: D, US Information Technology: D
Ollie's Bargain Outlet Holdings, Inc. OLLI 6/5/2018 Earnings Release Date US Large-Cap: A, US Consumer Discretionary: B
Guidewire Software, Inc. GWRE 6/5/2018 Earnings Release Date US Large-Cap: D, US Information Technology: D
China Everbright Limited SEHK:165 6/5/2018 Estimated Earnings Release Date China All-Cap: B
AviChina Industry & Technology Company Limited SEHK:2357 6/5/2018 Estimated Earnings Release Date China All-Cap: C
Lonking Holdings Limited SEHK:3339 6/5/2018 Estimated Earnings Release Date China All-Cap: A
Shanghai Industrial Holdings Limited SEHK:363 6/5/2018 Estimated Earnings Release Date China All-Cap: C
GCL New Energy Holdings Limited SEHK:451 6/5/2018 Estimated Earnings Release Date China All-Cap: C
CSC Financial Co., Ltd. SEHK:6066 6/5/2018 Estimated Earnings Release Date China All-Cap: D
Fosun International Limited SEHK:656 6/5/2018 Estimated Earnings Release Date China All-Cap: C
Central China Real Estate Limited SEHK:832 6/5/2018 Estimated Earnings Release Date China All-Cap: C
Shandong Weigao Group Medical Polymer Company Limited SEHK:1066 6/5/2018 Estimated Earnings Release Date China All-Cap: C
China Internet Nationwide Financial Services Inc. CIFS 6/5/2018 Estimated Earnings Release Date China All-Cap: D
Casey's General Stores, Inc. CASY 6/5/2018 Estimated Earnings Release Date US Large-Cap: C, US Consumer Staples: C
Okta, Inc. OKTA 6/5/2018 Earnings Release Date US Large-Cap: F, US Information Technology: F
Zscaler, Inc. ZS 6/5/2018 Earnings Release Date US Large-Cap: F, US Information Technology: F
Link Real Estate Investment Trust SEHK:823 6/5/2018 Earnings Release Date China All-Cap: C
Powerlong Real Estate Holdings Limited SEHK:1238 6/5/2018 Estimated Earnings Release Date China All-Cap: C
361 Degrees International Limited SEHK:1361 6/5/2018 Estimated Earnings Release Date China All-Cap: C
China Resources Land Limited SEHK:1109 6/5/2018 Estimated Earnings Release Date China All-Cap: B
Comba Telecom Systems Holdings Limited SEHK:2342 6/5/2018 Estimated Earnings Release Date China All-Cap: D
Minth Group Limited SEHK:425 6/5/2018 Estimated Earnings Release Date China All-Cap: C
Xtep International Holdings Limited SEHK:1368 6/5/2018 Estimated Earnings Release Date China All-Cap: B
Shui On Land Limited SEHK:272 6/5/2018 Estimated Earnings Release Date China All-Cap: D
The United Laboratories International Holdings Limited SEHK:3933 6/5/2018 Estimated Earnings Release Date China All-Cap: A
Dah Sing Banking Group Limited SEHK:2356 6/5/2018 Estimated Earnings Release Date China All-Cap: C
China Oriental Group Company Limited SEHK:581 6/5/2018 Estimated Earnings Release Date China All-Cap: B
Henderson Land Development Company Limited SEHK:12 6/5/2018 Estimated Earnings Release Date China All-Cap: C
Kunlun Energy Company Limited SEHK:135 6/5/2018 Estimated Earnings Release Date China All-Cap: C
Wanda Hotel Development Company Limited SEHK:169 6/5/2018 Estimated Earnings Release Date China All-Cap: D
China Huarong Asset Management Co., Ltd. SEHK:2799 6/5/2018 Estimated Earnings Release Date China All-Cap: F
Chinasoft International Limited SEHK:354 6/5/2018 Estimated Earnings Release Date China All-Cap: B
Dah Sing Financial Holdings Limited SEHK:440 6/5/2018 Estimated Earnings Release Date China All-Cap: D
Television Broadcasts Limited SEHK:511 6/5/2018 Estimated Earnings Release Date China All-Cap: D
Xiabuxiabu Catering Management (China) Holdings Co., Ltd. SEHK:520 6/5/2018 Estimated Earnings Release Date China All-Cap: B
China Medical System Holdings Limited SEHK:867 6/5/2018 Estimated Earnings Release Date China All-Cap: A
Zhong An Real Estate Limited SEHK:672 6/5/2018 Estimated Earnings Release Date China All-Cap: D
Brown-Forman Corporation BF.B 6/6/2018 Earnings Release Date US Large-Cap: D, US Consumer Staples: C
Five Below, Inc. FIVE 6/6/2018 Earnings Release Date US Large-Cap: A, US Consumer Discretionary: A
Thor Industries, Inc. THO 6/6/2018 Earnings Release Date US Large-Cap: C, US Consumer Discretionary: C
Cloudera, Inc. CLDR 6/6/2018 Earnings Release Date US Large-Cap: F, US Information Technology: D
First Pacific Company Limited SEHK:142 6/6/2018 Estimated Earnings Release Date China All-Cap: C
China Shenghai Food Holdings Company Limited SEHK:1676 6/6/2018 Estimated Earnings Release Date China All-Cap: C
China Mengniu Dairy Company Limited SEHK:2319 6/6/2018 Estimated Earnings Release Date China All-Cap: B
China Agri-Industries Holdings Limited SEHK:606 6/6/2018 Estimated Earnings Release Date China All-Cap: D
China High Speed Transmission Equipment Group Co., Ltd. SEHK:658 6/6/2018 Estimated Earnings Release Date China All-Cap: D
China Education Group Holdings Limited SEHK:839 6/6/2018 Estimated Earnings Release Date China All-Cap: D
Summit Ascent Holdings Limited SEHK:102 6/6/2018 Estimated Earnings Release Date China All-Cap: D
Chow Tai Fook Jewellery Group Limited SEHK:1929 6/6/2018 Earnings Release Date China All-Cap: C
DocuSign, Inc. DOCU 6/6/2018 Earnings Release Date US Large-Cap: F
Fantasia Holdings Group Co., Limited SEHK:1777 6/6/2018 Estimated Earnings Release Date China All-Cap: C
Tongda Group Holdings Limited SEHK:698 6/6/2018 Estimated Earnings Release Date China All-Cap: C
Hengan International Group Company Limited SEHK:1044 6/6/2018 Estimated Earnings Release Date China All-Cap: B
Jiayuan International Group Limited SEHK:2768 6/6/2018 Estimated Earnings Release Date China All-Cap: B
Shougang Fushan Resources Group Limited SEHK:639 6/6/2018 Estimated Earnings Release Date China All-Cap: D
Xingda International Holdings Limited SEHK:1899 6/6/2018 Estimated Earnings Release Date China All-Cap: D
Meitu, Inc. SEHK:1357 6/6/2018 Estimated Earnings Release Date China All-Cap: F
Colour Life Services Group Co., Limited SEHK:1778 6/6/2018 Estimated Earnings Release Date China All-Cap: A
Dah Chong Hong Holdings Limited SEHK:1828 6/6/2018 Estimated Earnings Release Date China All-Cap: A
China Resources Pharmaceutical Group Limited SEHK:3320 6/6/2018 Estimated Earnings Release Date China All-Cap: B