Morning Quant Ride Jan 03, 2018

Jan 03, 2018

Traders’ Corner

 

US Equity futures are pointing to a positive open in New York this morning. As trading in 2018 begins to take shape, we continue to focus on general macro trends. The recent election of Sebastian Piñera in Chile cause us to be more positive towards future economic growth in Chile. When he was president from 2010-2014 Real GDP growth was in the range of 5%-6%, this compares to expected Real GDP growth of 1.5% in 2017. We suggest investors get macro exposure to Chilean equity markets using iShares MSCI Chile ETF (ECH).

ECH May 2018 Bull Call Spread

 

Our Top Picks in the News

 

Click headline for story

Applied Material (AMAT), Micron (MU), Skyworks Solutions (SWKS)

Chipmakers Drive Tech Rally on 2018’s First Day of Trading on Strong Sales Data (MarketWatch)
Top Conviction Buys in January, please see our Quantamize Global Top Picks US Info Tech report

 

See more on our Applied Materials QuantShot company report from December 21st  

 

Western Digital (WDC)

Here's Why You Should Add Western Digital to Your Portfolio (Zacks)
Western Digital is a top Conviction Buy in January, please see Quantamize Global Top Picks US Info Tech report

 

See more on our Western Digital QuantShot company report from December 14th 

Alibaba (BABA) 

The US government blocks MoneyGram's $1.2B sale to Alibaba's Ant Financial (TechCrunch) 
Top Conviction Buys in January, please see our Quantamize Global Top Picks Investable China report

 

See more on our Alibaba QuantShot company report from December 5th 

 

The Morning Recap

Index

Price

1 Day Return

5 Day Return

MTD

YTD

S&P 500 $ 2,695.81 0.83% 0.57% 0.83% 0.83%
Russell 2000 $ 1,550.01 0.94% 0.37% 0.94% 0.94%
DJ Industrial Average $ 24,824.01 0.42% 0.31% 0.42% 0.42%
NASDAQ Composite Index $ 7,006.90 1.50% 1.02% 1.50% 1.50%
CBOE Market Volatility Index 9.57 - - - -
Germany DAX (TR) € 12,932.13 0.47% -1.54% 0.14% -0.36%
France CAC 40 € 5,311.28 0.43% -1.42% 0.02% -0.45%
Japan Nikkei 225 ¥ 22,764.94 0.00% -0.56% 0.00% 0.00%
Hang Seng Index ¥ 30,560.95 0.15% 3.17% 2.15% 1.99%
Hang Seng China Enterprises ¥ 12,088.99 0.17% 3.57% 3.24% 3.07%
S&P ASX 200 AUD 6,070.40 0.15% -0.14% 0.09% -0.06%
Source: FactSet          

 

Asian markets traded higher overnight following US strength with Japan remaining closed.  The saber rattling between the US and North Korea has been largely ignored with the focus on the resumption of operation of the telephone hotline between the Koreas.  Europe was generally higher at the midday update with volumes still below normal in post-holiday trading. US momentum should take markets higher once again today.

 


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