Morning Quant Ride Jan 18, 2018

Jan 18, 2018

Traders’ Corner

 

Overnight trading saw stocks mixed with Japan the main loser on domestic selling.  China 4Q GDP came a bit above consensus and in line with Premier Li’s earlier prediction.  Australia saw jobless rate tick higher while employment data came stronger than expected.  European stocks opened strong then pared gains towards midday.  Little news has kept stocks range bound.

In the US stocks set further records yesterday with the Dow Jones already up 5.3% on the 18th day of January.  Pre-market saw Morgan Stanley deliver strong results.  Jobless claims this morning printed at 220k, well below 249k expected and the lowest weekly level since Feb 1973.

 

US Equity Futures are pointing to a positive open in NY this morning.

Yesterday, we posted two QuantShots for two of our Large Cap A-Stocks. Learn more here:

QuantShot: Darden Restaurants (DRI)

QuantShot Honeywell International (HON)

After yesterday’s strong market rally, we are looking at some of our laggards that could be potential buying opportunities.

Comcast (CMCSA) 

Domino’s Pizza (DPZ)

Euronet Worldwide (EEFT)

Honeywell International (HON)

Petmed Express (PETS)

 

Our Top Picks in the News

 

Click headline for story

Darden Restaurants (DRI)

Darden: Alpha Ahead? The Case for a Premium Valuation (Seeking Alpha)
Conviction Buy in January, please see Quantamize Global Top Picks US Consumer Discretionary report

 

See more on our Darden QuantShot company report from January 17th

Home Depot (HD)

Home Depot: Upside Ahead (Seeking Alpha)
Conviction Buy in January, please see Quantamize Global Top Picks US Consumer Discretionary report

 

See more on our Home Depot QuantShot company report from January 11th

Alphabet (GOOGL)

Alphabet's Google to Commission Three Subsea Cables in 2019 (Zacks)
Conviction Buy in January, please see Quantamize Global Top Picks US Large Cap report

 

See more on our Alphabet QuantShot company report from January 11th

 

Apple Inc. (AAPL)

Apple's $38 Billion US Taxes Leaves EU Nemesis Unmoved (Yahoo Finance)
Conviction Buy in January, please see Quantamize Global Top Picks US Tech report

 

See more on our Apple QuantShot company report from January 5th

 

Wyndham Worldwide (WYN)

Wyndham to acquire La Quinta in $1.95 billion deal (Hotel News Now)
Conviction Buy in January, please see Quantamize Global Top Picks Consumer Discretionary report

 

 

Roper Technologies (ROP)

Roper Technologies price target raised to $310 from $295 at Wells Fargo (The Fly)
Conviction Buy in January, please see Quantamize Global Top Picks US Large Cap report

 

See more on our Roper Technologies QuantShot company report from January 9th

 

UnitedHealth Group (UNH)

UnitedHealth price target raised to $270 from $230 at Argus (The Fly)
Top Conviction Buy in January, please see Quantamize Global Top Picks US Large Cap report

 

 

Cognizant Technology Solutions (CTSH)

Cognizant Tech +1.4% after analyst upgrade with 17% upside (Seeking Alpha)
Conviction Buy in January, please see Quantamize Global Top Picks US Large Cap report

 

 

The Morning Recap

Index

Price

1 Day Return

5 Day Return

MTD

YTD

S&P 500

$ 2,802.56

0.00%

1.98%

4.82%

4.82%

Russell 2000

$ 1,586.66

0.00%

1.72%

3.33%

3.33%

DJ Industrial Average

$ 26,115.65

0.00%

2.94%

5.65%

5.65%

NASDAQ Composite Index

$ 7,298.28

0.00%

2.02%

5.72%

5.72%

CBOE Market Volatility Index

11.90

-

-

-

-

Germany DAX (TR)

€ 13,246.91

0.48%

-0.73%

2.56%

2.06%

France CAC 40

€ 5,491.20

-0.05%

-0.19%

3.37%

3.42%

Japan Nikkei 225

¥ 23,763.37

-0.44%

0.34%

4.39%

4.85%

Hang Seng Index

¥ 32,121.94

0.43%

2.93%

7.36%

6.90%

Hang Seng China Enterprises

¥ 13,094.92

1.76%

4.72%

11.83%

9.90%

S&P ASX 200

AUD 6,014.60

-0.02%

-1.33%

-0.83%

-0.81%

Source: FactSet          

Large Cap Conviction Buy Movers

Large Cap A Winners Ticker Sector Industry 1 Day Return 5 Day Return YTD
LAM RESEARCH CORP LRCX Information Technology Semiconductors & Semiconductor Equipment

7.72%

7.00%

11.41%

MKS INSTRUMENTS INC MKSI Information Technology Semiconductors & Semiconductor Equipment

5.79%

8.17%

9.31%

KLA-TENCOR CORP KLAC Information Technology Semiconductors & Semiconductor Equipment

5.42%

6.78%

8.01%

APPLIED MATERIALS INC AMAT Information Technology Semiconductors & Semiconductor Equipment

5.21%

7.58%

12.17%

BOEING CO BA Industrials Aerospace & Defense

4.73%

9.60%

19.02%

Large Cap A Losers Ticker Sector Industry 1 Day Return 5 Day Return YTD
EDGEWELL PERSONAL CARE CO EPC Consumer Staples Personal Products

-1.71%

2.33%

2.64%

CROWN HOLDINGS INC CCK Materials Containers & Packaging

-0.90%

1.22%

1.81%

DOMINO'S PIZZA INC DPZ Consumer Discretionary Hotels, Restaurants & Leisure

-0.67%

3.90%

10.02%

EURONET WORLDWIDE INC EEFT Information Technology IT Services

-0.48%

0.37%

12.40%

FACEBOOK INC FB Information Technology Internet Software & Services

-0.44%

-5.45%

0.65%

Source: FactSet            

Large Cap Conviction Short Movers

Large Cap F Winners Ticker Sector Industry 1 Day Return 5 Day Return YTD
EXACT SCIENCES CORP EXAS Health Care Biotechnology

-9.95%

-11.64%

-9.25%

BITCOIN INVESTMENT TRUST GBTC Undefined Undefined

-5.76%

-16.57%

-18.85%

FLEXION THERAPEUTICS INC FLXN Information Technology Biotechnology

-5.59%

-8.38%

-5.63%

TESARO INC TSRO Financials Biotechnology

-5.59%

-18.59%

-25.35%

OPKO HEALTH INC OPK Consumer Discretionary Biotechnology

-2.83%

-11.66%

-8.78%

Large Cap F Losers Ticker Sector Industry 1 Day Return 5 Day Return YTD
BLUEBIRD BIO INC BLUE Financials Biotechnology

7.28%

1.92%

-1.60%

DYNAVAX TECHNOLOGIES CORP DVAX Consumer Staples Biotechnology

7.00%

-6.97%

-16.18%

ROKU INC ROKU Consumer Discretionary Household Durables

6.00%

-7.09%

-19.78%

IMPAX LABORATORIES INC IPXL Consumer Discretionary Pharmaceuticals

5.70%

17.58%

22.52%

AMICUS THERAPEUTICS INC FOLD Industrials Biotechnology

4.71%

1.74%

9.66%

Source: FactSet            

Upcoming Earnings

Company Name Ticker Date
Citizens Financial Group, Inc. CFG 01/19/2018
American Express Company AXP 01/19/2018
Waters Corporation WAT 01/23/2018
Total System Services, Inc. TSS 01/24/2018
Stanley Black & Decker, Inc. SWK 01/24/2018
Amphenol Corporation Class A APH 01/24/2018
SEI Investments Company SEIC 01/24/2018
Texas Instruments Incorporated TXN 01/24/2018
Lam Research Corporation LRCX 01/25/2018
NVR, Inc. NVR 01/25/2018
McCormick & Company, Incorporated MKC 01/25/2018
Biogen Inc. BIIB 01/25/2018
Alliance Data Systems Corporation ADS 01/25/2018
Honeywell International Inc. HON 01/26/2018
Arthur J. Gallagher & Co. AJG 01/26/2018
KLA-Tencor Corporation KLAC 01/26/2018
Maxim Integrated Products, Inc. MXIM 01/26/2018
Lear Corporation LEA 01/26/2018
Intuitive Surgical, Inc. ISRG 01/26/2018
PerkinElmer, Inc. PKI 01/26/2018
AbbVie, Inc. ABBV 01/26/2018
Advanced Energy Industries, Inc. AEIS 01/29/2018
Dominion Energy Inc D 01/29/2018
IDEX Corporation IEX 01/30/2018
Principal Financial Group, Inc. PFG 01/30/2018
A. O. Smith Corporation AOS 01/30/2018
Amdocs Limited DOX 01/30/2018
Avery Dennison Corporation AVY 01/31/2018
Cadence Design Systems, Inc. CDNS 01/31/2018
Motorola Solutions, Inc. MSI 01/31/2018
Fortune Brands Home & Security, Inc. FBHS 01/31/2018
Edwards Lifesciences Corporation EW 01/31/2018
Nasdaq, Inc. NDAQ 01/31/2018
Boeing Company BA 01/31/2018
Align Technology, Inc. ALGN 01/31/2018

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