Agriculture Development Bank

Some news you may have missed out on part 134.

-Rupee continues to recover, gains Rs4.16 in four months
The Pakistani rupee has maintained a gradual uptrend against the US dollar since the beginning of current fiscal year in July and is anticipated to gain more ground in the remaining eight months amid expectations of increase in foreign currency inflows.
The rupee gradually strengthened Rs4.16 or 2.60% in the past around four months to Rs155.88 to the US dollar in the inter-bank market on Friday, according to the State Bank of Pakistan (SBP). “The rupee may recover to 145 to the greenback by June 30, 2020,” Forex Association of Pakistan (FAP) President Malik Bostan projected while talking to The Express Tribune.
Further: -In a positive development, Pakistani Rupee hits highest level of four months against US dollar
The Pakistani rupee has shown recovery against the US dollar as the US currency reached the lowest level in four months.
-ExxonMobil to help build LNG terminal in Pakistan
After getting a liquefied natural gas (LNG) supply contract from private-sector consumers, US energy giant ExxonMobil is planning to build the third LNG terminal in Karachi as a joint-venture partner.
Some time ago, ExxonMobil, in collaboration with Pakistan’s exploration and production companies, drilled an offshore well to search for hydrocarbon reserves in the Arabian Sea. However, the effort could not prove successful. Now, in a new venture with Energas consortium, the US firm is going to invest in setting up an LNG terminal in Pakistan.
-Pakistan's Hindu community celebrates Diwali today in a renovated temple reopened by the Pakistan government after 72 years
he country’s Hindu community is celebrating the annual religious festival of Diwali. The religious festivities are expected to take place in Shawala Teja Singh Temple, located in Sialkot, after 72 years.
All preparations for the upcoming festival have been completed. The festival of Diwali is being seen as more of a cultural than a religious one as people from other faiths will celebrate alongside members of the Hindu community.
The temple, where the festivities will take place, was closed down in 1947. The Evacuee Trust Property Board (ETPB) and certain members of the Hindu community decided to open the temple a few months ago, after which the renewal and renovation work had begun. Now, for the first time, this temple is going to celebrate a religious ceremony.
-Tax Returns Filed Per Day in 2019 Have Increased by 127 Percent: FBR Chairman
Federal Board of Revenue’s (FBR) Chairman Syed Shabbar Zaidi has announced that on average, tax returns filed per day in 2019 have risen by 127 percent compared to last year. In a Twitter post, Zaidi shared details of the tax returns filed so far. As per the records, the number of tax returns filed in 2019 till October 25 stands at 918,027, as compared to 585,209 tax returns filed in the same period last year.
Zaidi said that as of November, the FBR will impose strict measures against unauthorized interactions and harassement between its staff and the business community. The business community is suggested to report to FBR if any person contacts them through any manner without proper authorization.
-Pakistan, Nepal agree to enhance trade ties
President Dr. Arif Alvi on Saturday held a meeting with the Nepal’s Prime Minister Khadga Prasad Sharma Oli on the sidelines of 18th Non Aligned Movement Summit in Baku, ARY News reported.
According to a statement issued by the ministry, both the leaders affirmed to enhance trade ties between the two countries and expressed their desire to further strengthen the bonds of friendship. Matters of mutual interest, bilateral relations, regional peace, grave human rights violations and humanitarian crisis in occupied Kashmir and other issues were came under discussion in the meeting.
Speaking on the occasion, President Alvi briefed the Nepalese prime minister on Indian illegal actions in occupied Kashmir. He expressed hope that Nepal will play its role as SAARC chair, for strengthening peace and stability in the region.
-CPEC enters into 2nd phase: Poverty, agriculture, B2B initiatives prime focus: Khusro
Federal Minister for Planning, Development & Reform Makhdoom Khusro Bakhtyar Wednesday said the CPEC has now entered into its second phase with focus on poverty alleviation, agriculture and B2B industrial cooperation.
“The Pakistan Tehreek-e-Insaf (PTI) government's economic reform measures will strengthen the country's economy as the investors' confidence is rebounding due to corrective measures," the minister expressed these views while talking to Australian High Commissioner Dr Geoffrey Shaw who called on him on Wednesday. Secretary Planning Zafar Hasan was also present in the meeting.
While discussing bilateral relations and foreign investment in various sectors in Pakistan especially in Gwadar, the minister said that ongoing phase of CPEC will bring about socioeconomic benefits for the welfare of the people. He said that CPEC offers enormous potential to boost national economy and reduce poverty.
-Pakistan's Defence Exports have reached USD 212.6 MILLION IN 2018-2019
According to the Pakistan Ministry of Defence Production’s (MoDP) “First Year Performance Report,” the country had registered $212.6 million US in defence exports from August 2018 to August 2019.
Pakistan Aeronautical Complex (PAC) booked the highest value at $184.38 million US, which was followed by Pakistan Ordnance Factories (POF) at $7.13 million US and Heavy Industries Taxila (HIT) at $1.3 million US. In addition, private sector firms booked $19.36 million US in sales.
No additional breakdowns were provided by the MoDP. It is likely that PAC’s exports were fueled by co-production work for FC-1/JF-17 sales to Myanmar and/or Nigeria. Though an agreement was signed with Turkey for the sale of 52 Super Mushshak basic trainers, it is unclear if PAC has started manufacturing these aircraft.
-DRAP to launch countrywide drive against substandard, spurious medicines
The Drug Regulatory Authority of Pakistan (DRAP) is launching a countrywide campaign against substandard medicines, the PM’s Special Assistant on Health Dr. Zafar Mirza said while addressing the federal and provincial drug inspectors in Islamabad on Thursday.
He said a crackdown is being launched throughout the country to eradicate the menace of unregistered, spurious and sub-standard medicine. In addition to medicine quality, he added, DRAP will also take stern action against violation of fixed prices of medicines.
-Foreign exchange: SBP reserves increase $79m to $7.89b
The foreign exchange reserves held by the central bank increased 1.14% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.
Earlier, the reserves had spiralled downwards, falling below the $7-billion mark, which raised concern over Pakistan’s ability to meet its financing requirements. However, financial assistance from the United Arab Emirates (UAE), Saudi Arabia and other friendly nations helped shore up the foreign exchange reserves.
On October 18, the foreign currency reserves held by the SBP were recorded at $7,892.7 million, up $79 million compared with $7,813.7 million in the previous week. The report cited no reason for the increase in reserves, which stood below the $8-billion mark.
-Ease of business: Pakistan up 28 places on World Bank index
Pakistan has jumped up 28 places on the World Bank’s (WB) Ease of Doing Business Index and secured a place among the top 10 countries with the most improved business climate – a development that will greatly improve Islamabad’s image abroad,
Pakistan carried out six reforms that helped improving its ranking from 136 to 108, according to the WB’s annual flagship report, ‘Ease of Doing Business 2020’, released on Thursday. It turned out to be the sixth global reformer and first in South Asia that brought ease in doing business in the last one year.
The fewer are the regulations the better is the ranking on the index. The key to attain perfection is to cut the bureaucracy hindering business activities in the name of various regulations and procedures.
-CM approves Rs 500m for Punjab Housing & Town Planning Agency
Punjab Chief Minister Sardar Usman Buzdar has given approval of Rs 500 million for Punjab Housing & Town Planning Agency. He gave approval while presiding over a high-level meeting at CM Office here on Monday. During the meeting progress on Naya Pakistan Housing Project for low-income persons was reviewed and detailed briefing was also given to the participants on Naya Pakistan Housing strategy.
While addressing the meeting, Usman Buzdar said that obstacles should be removed in order to ensure completion of Naya Pakistan Housing Scheme and financial conditions of common man should be kept in mind while chalking out housing policy of the project. All out attention should be paid while constructing small houses in the province, he added. It has also been decided during the meeting to launch rural housing project in 17 model villages.
-KSE 100 gains 204 points amid improved sentiments
The benchmark KSE 100 Index depicted remarkable progress as it gained around 204 points and concluded at 33,861-level.It was a busy start to the week at the Pakistan Stock Exchange (PSX) with earnings season hitting its peak, while volumes remained at par with previous weeks’ average.
Biggest single day investment in treasury bills in the previous week of estimated US $87.5 million, increasing total investment to US$440 million since July 2019 was the major rally point in the market sentiments.
The bourse recorded an intraday low of 33,572.36 soon after the commencement of the session. However, after regaining the momentum, the index marked its day’s high at 34,008.35 adding 350.89 points. It settled higher by 204.13 points at 33,861.59. The KMI 30 Index accumulated 386.53 points to settle at 55,155.92, while the KSE All Share Index managed to gain 86.13 points, ending at 24,543.78.
-Sindh to reserve 0.5% job quota for transgender persons
The Sindh Cabinet on Wednesday agreed to reserve 0.5 per cent quota in government jobs for transgender persons. “I want to bring transgender people into the mainstream,” said Sindh Chief Minister Syed Murad Ali Shah during the cabinet meeting. “We want to make them an asset for our society.”
CM Murad congratulated the transgender community on behalf of the cabinet and advised them to improve their education. Around 41,000 positions are vacant in different government departments across Sindh out of which 206 will be given to transgender people.
A spokesperson from the chief minister’s house stated that out of the 41,000 available jobs 16,000 positions will be filled this fiscal year. Rest of the positions will be filled in the period of next three years.
-Malaysia's Mahathir stands by Kashmir comments despite India palm oil boycott
Malaysian Prime Minister Mahathir Mohamad said on Tuesday he would not retract his criticism of New Delhi’s actions in occupied Kashmir despite Indian traders calling for an unprecedented boycott of Malaysian palm oil.
The impasse could exacerbate what Mahathir described as a trade war between the world’s second biggest producer and exporter of the commodity and its biggest buyer so far this year.
India’s top vegetable oil trade body on Monday asked its members to stop buying Malaysian palm oil after Mahathir said at the United Nations General Assembly last month that India had “invaded and occupied” Kashmir.
-“World’s two major companies setting up solar panel plants in Pakistan”
Federal Minister for Science and Technology Fawad Chaudhry announced on Monday that the world’s two major solar panel firms will establish their plants in Pakistan. The minister tweeted saying “good news gets lost in political plays, yet I am very happy that the world’s two major companies are setting up solar panel’s plants in Pakistan.”
Chaudhry added that China’s second-largest Lithium battery producer will also set up its workshop in Pakistan. The Lithium battery-powered buses will also be manufactured in Pakistan, the tweet further said. The Minister for Science and Technology was recently on a visit to Beijing where he met various Chinese officials and the country’s business leaders.
-Pakistan Navy organizes free medical camp in Balochistan
Navy organized a free medical camp in the village Dam of Balochistan in collaboration with Sahil and Ulfat welfare foundations. According to the spokesperson of Pakistan Navy, specialist doctors of surgical, medical, skin, gynecology, child and general medically inspected patients at the camp. Over 700 patients were provided with free medical treatment, medicines and ordinary surgical facilities.
-Lahore to get Tram service soon
Citizens of Lahore are getting a modern-day tram service soon, based on the famous British-era tram service. In this regard, the Punjab Transport Department has inked an agreement with CRSC International, a Chinese company specializing in rail transportation control systems, and Inkon Group of the Czech Republic.
The development of the project is divided into several phases. In the first phase, a 35 km track will be constructed on Canal Road, Lahore. Up to 50 trams will run on this track. Once operational, the trams will be able to carry 35,000 passengers in 1 hour. The trams will be powered through electricity and batteries. A single tram will have a service life of around 40 years. 2 tram depots will be constructed at different locations as well.
-10 Pakistani Universities Ranked Among the World’s Best in ‘University Impact Rankings 2019’
Ten Pakistani universities have been ranked among the top universities in the world in the Times Higher Education (THE)’s list. THE is a weekly UK-based magazine that issues its annual list of world’s most influential universities.
The list called ‘University Impact Rankings 2019’ has included 10 Pakistani varsities in different categories, including Gender Equality, Good Health and Well-being, Quality Education, Decent Work, Economic Growth, and others. According to the magazine, the rankings assess universities against the United Nations’ Sustainable Development Goals.
-PM Imran Khan inaugurates China-Hub Power Generation Plant in Balochistan
Prime Minister (PM) Imran Khan has said that Pakistan is moving forward through China-Pakistan Economic Corridor (CPEC) projects. Addressing inaugural ceremony of China Hub Power Generation Plant in Balochistan, he said this is the first joint project under the CPEC umbrella and he is very happy after inaugurating it.
“The government will facilitate joint collaboration between Pakistani and Chinese businesses in various sectors.”, he said. PM Imran Khan said with the help of coal reserves in Thar, Pakistan can generate huge amount of electricity, which can be enough for at least 100 years.
-Punjab Forest Department develops ‘record keeping’ mechanism
Department of Forest Punjab is managing 1.6 million acres of forest land area – 67 per cent of the entire forest land area in Punjab – under the Geographic Information System (GIS), Pakistan Today learnt reliably on Friday. The program enabled the forests department to ensure sound management and introduce state of the art record-keeping and mapping methods.
‘Development of GIS-Based Forest Management Information System in Punjab’ was approved at PC-1 with a cost of Rs75 million and a gestation period of 36 months (2016-2019) has allowed for transfer of all forest resources and inventories into IT-based inventory systems and achieved extensive field surveys, rapid data collection and its processing for development of the forestry sector on efficient lines.
-Hutchison Port Holdings announces $240m investment in Pakistan
Prime Minister Imran Khan has welcomed $240 million foreign investment from Hutchison Port Holdings, a Hong Kong-based port operator. A delegation of Hutchison Port Holdings, led by its Group Managing Director Eric Ip, called on Prime Minister Imran Khan on Tuesday. Other delegation members included HPH Middle East & Africa Managing Director Andy Tsoi and Middle East & Africa Business Director Eric Ng.
Maritime Affairs Minister Syed Ali Haider Zaidi, Adviser to PM on Commerce Abdul Razzaq Dawood, Special Assistant to PM on Overseas Pakistanis Syed Zulfiqar Abbas Bukhari, Ambassador-at-Large for Foreign Investment Ali Jehangir Siddiqui and Board of Investment Chairman Zubair Haider Gilani were also present on the occasion. Group Managing Director Eric Ip apprised the prime minister of Hutchison’s fresh investment into Pakistan approximating $240 million which will enhance the new container terminal capacity at the Karachi Port, and increase Hutchison Ports’ total investment in Pakistan to $1 billion.
-Punjab's tax collection jumps 44%
Punjab’s tax collection registered a 44% growth to Rs77 billion in first quarter of the ongoing fiscal year compared to the corresponding period of previous year, despite tough conditions of the federal government for the provinces to get a share in the federal divisible pool of resources. Punjab Finance Minister Makhdoom Hashim Jawan Bakht disclosed this at a review meeting of the Finance Department on Monday.
The meeting was briefed that despite the financial backlog left by the previous government, the current government gave a surplus budget of Rs233 billion in order to meet financial requirements of the federal government to comply with conditions of the International Monetary Fund (IMF) loan programme.
-‘SECP recognised as 7th most effective regulator in world’
The Securities and Exchange Commission of Pakistan (SECP) has been recognised as the “7th most effective regulator” by the World Economic Forum in its ‘Global Competitiveness Report-2019’.
“Pakistan was ranked as the 52nd most dynamic economy in the world. The country secured this by improving 15 points from last year, as it stood at 67th in 2018,” said a statement issued by Mishal Pakistan, Country Partner at WEF’s Institute of the Future of Economic Progress System Initiative, on Wednesday. “The progress of Pakistan’s competitiveness was due to the achievements made during the last 12 months.”
The most effective improvements were made due to the initiative and strategies adopted by the apex regulator for the corporate sector and the capital markets; supervision and regulation of insurance, non-banking financial companies and private pension schemes. The SECP improved Pakistan’s competitiveness rankings by improving the “number of days to start a business”, where Pakistan was ranked at the 90th position compared with 96th in 2018.
-Pakistan China bilateral trade crosses $19 billion, highest ever in history
Pakistan Ambassador to China , Naghmana Hashmi has said the bilateral trade volume between Pakistan and China has now touched US $ 19.08 billion and both countries aimed to raise it further.
“The bilateral trade volume between Pakistan and China has now touched US$ 19.08. We aim to raise it further,” Ambassador Hashmi said joint ventures in defence production have led to the manufacture of the MBT 2000 Al-Khalid Tank and JF-17 Thunder, a fighter aircraft. “On the diplomatic front, the two countries are committed to protecting and promoting multilateralism and upholding the United Nations (UN)Charter, while our cooperation has extended to science and technology, socioeconomic sectors and nuclear cooperation for peaceful purposes,” she added.
-Foreign Company Agrees to Drop $6 Billion Penalty, Re-Invest in Reko Diq: Reports
The International Center of Settlement of Investment Disputes (ICSID) had slapped the country with a $6 billion penalty for revoking the contract without prior knowledge back in 2009. Soon after the development, the Prime Minister had empowered his financial team to contact the executives of the Tethyan Copper Company (TCC) to reach an out-of-court settlement and avoid the penalty.
Reportedly, after the Pakistan authority’s approach, the company has not only agreed to take back the penalty but has also agreed to invest in the project again. As per media reports, PM Imran Khan contacted the TCC management and discussed the prospects of the matter. He assured the company his full support if they wanted to revise the investment plan for the project. The company will reportedly withdraw its appeal from the ICSID, while Pakistan will compensate for their damages due to the cancelation of the contract.
-Current account deficit shrinks massive 64pc
The country’s current account deficit (cad) in the first quarter of current fiscal year declined by a huge 64 per cent mainly on the back of a 21pc reduction in the imports bill.
The State Bank’s latest data issued on Friday showed the current account deficit for July-September FY20 clocked in at $1.548 billion compared to $4.287bn in the same period last fiscal year; a decline of $2.739bn.
The reduced current account deficit is a positive omen for the government, which is struggling with slow economic growth and high inflation. However, despite massive decline in rupee’s value, the country’s exports have failed to register any noticeable increase during the period.
-Food imports down 24pc, exports up 14pc in Q1 FY20
Food group imports into the country during the first quarter of the current financial year (July-Sept 2019-20) decreased considerably by 24.7pc, whereas exports increased by 13.98pc compared with the corresponding period of last year.
The import of food commodities into the country during the period under review came down from $1.45 billion to $1 billion, whereas the exports increased from $864 million to $984.7 million, according to latest data released by the Pakistan Bureau of Statistics (PBS).
-Chinese Smartphone Company Realme to build mobile phone manufacturing factory in Pakistan
Chinese company Realme's Director of Marketing in Pakistan Mr He Shunzi in an interview disclosed that Realme is planning to set up the mobile phone manufacturing factory in Pakistan. He told that company is inspecting locations in Islamabad, Peshawar, and Faisalabad Industrial Estate for suitable land. Pakistani mobile market offers guaranteed capital as Realme ranked top five android brands in Pakistan in less than nine months, capturing 8% of total market share, he added.
-Chinese Coal Giant Wants to Convert Thar’s Coal to Diesel
China’s Shenhua Ningxia Coal Industry Group will help convert Thar’s coal into oil and the talks between the two parties are underway. The Shenhua Ningxia Coal Industry Group is a subsidiary of China’s biggest coal producer, the Shenhua Group and the company already has the world’s largest plant for converting coal into diesel, with an annual production capacity of 4 million tons in Ningxia in its portfolio.
The agreement, if signed, will be a ‘game-changer’ for Pakistan, believes Adviser to Prime Minister on Petroleum Nadeem Babar, who accompanied Imran Khan on his recent visit to China. The Pakistani delegation held talks with the Shenhua Group during the trip:
-In a positive development, Pakistan projected among top 20 rising economic growth engines of the World
Pakistan projected among 20 top rising economic growth engines of the World that would dominate the global growth in next 5 years. Pakistan has been projected as one of 20 countries that will dominate global growth in five years time in 2024, an assessment made by Bloomberg using data from the International Monetary Fund (IMF).
-In a positive development, Pakistan textile exports register increase
Textile exports from the country increased by 2.95pc during the first quarter of the current fiscal year (July-Sept FY20) compared with the corresponding period of the last fiscal year. The textile exports during the period under review were recorded at $3,371.974 million as against the exports of $3,275.303 million during July-September 2018-19, according to latest data by the Pakistan Bureau of Statistics (PBS).
The textile commodities that contributed to the positive growth included raw cotton, exports of which grew by 53.65pc, from $7.047 million to $10.828 million. Similarly, the exports of yarn (other than cotton yarn) increased by 21.95pc, from $7.759 million last year to $9.462 million, while that of knitwear surged by 11.14pc, from $701.393 million to $779.548 million.
-Kartarpur Corridor will open to public on November 9: PM Imran
Prime Minister Imran Khan on Sunday announced that Pakistan will inaugurate the Kartarpur Corridor on November 9. The premier’s announcement came via a Facebook post in which he said that construction work on the Pakistani side had entered the final stage. “Pakistan is all set to open its doors for Sikhs from all across the globe,” he wrote. “World’s largest Gurdwara will be visited by Sikhs from across India and other parts of the world,” he said.
-'$1.2b penalty in Karkey case likely to be waived'
Pakistan Tehreek-e-Insaf (PTI) leader and senior lawyer Babar Awan has said that the $1.2 billion penalty that Pakistan has to pay to Turkey’s Karkey rental power plant is likely to be waived.
“International institutions, through high-level backdoor contacts, have agreed to waive off the penalty. This is very good news for Pakistan,” said Awan while addressing the media on Friday. “International institutions have shown their trust in Prime Minister Imran Khan,” he added.
-Punjab Govt to Introduce a Unified Tax Collection System
Punjab government is contemplating the introduction of a unified tax collection system in the province. The unified system will streamline the tax collection process and facilitate the taxpayers. At the moment, Punjab Revenue Department, Excise and Taxation Department, and local administrations collect taxes in Punjab. On Sunday, Finance Minister of Punjab, Makhdoom Hashim Jawan Bakht, headed a meeting of Punjab Revenue Authority (PRA). Bakht said that a special tax management unit will be set up at the Punjab finance department that will unify tax collection all across the country.
-PM To Launch Clean Green Pakistan Index for Multiple Cities
Prime Minister’s Adviser on Climate Change, Malik Amin Aslam, said that Imran Khan will launch the Clean Green Pakistan Index (CGPI) at a grand launching ceremony on October 30. The initiative is aimed at introducing competition among cities on various indicators, including public access to clean drinking water, safe sanitation, effective solid waste management, and tree plantation.
The prime minister will announce a six-month competition among 19 cities of Punjab and Khyber-Pakhtunkhwa provinces, he added. The adviser said that after six months, these cities will be ranked again and those with prominent progress will be rewarded with special federal and provincial government funds and more cities will be joining the competition.
-PM Khan Will Lay The Foundation of Baba Guru Nanak University on Oct. 28
Prime Minister Imran Khan is going to lay the foundation stone of Baba Guru Nanak University on October 28. The establishment of this university in Nankana Sahib was announced earlier this year when PM Khan was in the town for a Spring Tree Plantation Campaign.
-Sindh govt invites bids for Dhabeji SEZ
The Sindh government has launched the well-connected Dhabeji Special Economic Zone in district Thatta near Port Qasim, according to a statement issued on Monday. In this connection, the Sindh Economic Zones Management Company (SEZMC), being the provincial SEZ custodian, has invited proposals for the development and operation of Dhabeji project through an advertisement published in leading national and international newspapers.
Dhabeji SEZ was highlighted in the recent meeting of the China-Pakistan Economic Corridor (CPEC) Joint Working Group on Industrial Cooperation. The senior officials of China’s National Development Reforms Commission (NDRC) appreciated the Sindh government on the progress made so far. The Sindh government launched the project through an international competitive bidding process as a build-up to the upcoming 10th Joint Coordination Committee (JCC) meeting between China and Pakistan, which would be held next month.
-Rice exports surge 51pc in first quarter FY20
Rice exports from the country during the first quarter of the financial year 2019-20 grew by 50.76pc as compared to the corresponding period last year. During the July-September period, about 839,356 metric tonnes of rice, worth $470.584 million, were exported as compared the exports of 551.5,86 metric tonnes, valuing $312.147 million, during the same period of FY19.
According to data released by the Pakistan Bureau of Statistics, the exports of basmati rice increased by 47.29pc, as 212,873 metric tonnes of basmati rice ($194.669 million) were exported during the first quarter of FY20, as compared the 127,669 metric tonnes ($132.166 million) in the same period of last year. Meanwhile, 34,090 metric tonnes of fish and fish preparations worth $79.549 million were also exported in the period under review as compared to the exports of 25,859 metric tonnes valuing $67.294 million during the same period of last year.
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Get ready for the trading week of February 25th, 2019!

Hey what's happening wallstreetbets! Good morning and happy Saturday to all of you on this subreddit. I hope everyone made out pretty nicely in the market last week, and are ready for the new trading week ahead! :)
Here is everything you need to know to get you ready for the trading week beginning February 25th, 2019.

Next week will be pivotal for markets with trade deadline, Powell, Trump-Kim and more - (Source)

The coming week could be one of the most pivotal for the Trump White House and the markets, depending on how President Donald Trump chooses to proceed with China trade tariffs.
U.S.-China trade talks apparently have been making progress, and in a positive sign, sources said a possible meeting between Trump and Chinese President Xi Jinping is being discussed for late March. Strategists expect some eventual deal to be reached, but first and foremost, the March 2 deadline on new tariffs looms at the end of the week. For now, it looks like the deadline could be extended.
Trump, in fact, Friday reiterated that he could extend the deadline if progress is being made. He also said there was a very good chance a deal could be reached with China, and that he and Xi would make the big decisions.
The week is packed with major events that could be market moving, including two days of economic testimony from Federal Reserve Chairman Jerome Powell. He appears before the Senate Banking Committee on Tuesday, and then a House committee Wednesday for the semiannual testimony.
Trump also heads to Vietnam for a summit with North Korean leader Kim Jong Un on Wednesday and Thursday, and U.K. Prime Minister Theresa May faces another Brexit vote in parliament.
The markets are also closely watching U.S. economic data after a string of misses on manufacturing and consumer data rattled stocks in the past couple of weeks. The lack of government data during the 35-day government shutdown has made it more difficult than usual to get a handle on the economy, and some economists now see fourth-quarter and first-quarter growth running at just 2 percent or below. Fourth-quarter GDP, delayed because of the shutdown, is finally released on Thursday.

Earnings

Though earnings season is winding down, quite a few earnings releases are expected, including from retailers Home Depot, Macy'sand Nordstrom.
"To me, the biggest story next week for markets is China. Do they announce an agreement or do they at least extend the deadline? That's the one that has the most immediate market impact. The markets are pricing in good news on China next week," said Tom Block, Washington policy strategist at Fundstrat.
There were some news reports that Special Counsel Robert Mueller's report on the Trump campaign and Russia would be provided to the attorney general next week, but a Justice Department official Friday afternoon said that was not true.Whether the Trump campaign was involved with Russia or not matters much less than whether the president himself was involved.
"This is of course great for American political drama but as for the $4.3 trillion foreign exchange market or what does this mean for the value of corporate America, it's not a big deal unless there's a smoking gun, and people think Trump is going to get impeached," said Marc Chandler, chief market strategist at Bannockburn Global Forex. "Why this is important is it might paralyze other policy. … The only way it is a really big factor is if it's used as fodder to pursue further investigations that paralyze the administration like Watergate did."
Chandler said while the geopolitical events in the coming week could add to tension, they could all remain unresolved.
"We want some closure. Next week is not going to bring some closure. We're going to get extensions," said Chandler.
The uncertainty around China trade has been impacting the economic data, and business leaders have called on the White House to end the tariffs on China. The farm belt has been hurt as China retaliated against U.S. products.
Cowen analysts said the talks are nearing a "term sheet" between Chinese and U.S. trade negotiators. The memorandums are expected to touch on a half-dozen key areas, including forced technology transfers and cybertheft; intellectual property rights; opening up of Chinese financial services to U.S. companies; currency; agriculture, and nontariff barriers to trade. Those barriers include industrial subsidies, licensing procedures and other regulations.
The talks are also expected to focus on a list of 10 goods and commodities that China will buy to help narrow the trade balance. That could include an additional $30 billion per year of U.S. farm products including soybeans, corn, and wheat, the Cowen analysts said.
Fundstrat's Block said the president understands the political impact of continuing tariffs or raising them to 25 percent by March 2, as he has threatened.

Trade deadline, North Korea, Brexit

Trump has said the deadline could be extended. "The road to 270 electoral votes for Trump goes through the farm states of the Midwest. There's no road map for Trump to get 270 electoral votes if he doesn't carry all those Midwestern farm states," Block said. "China is very big for lots of reasons. …Trump's people have to figure out, at a minimum, how to extend the truce. … The biggest threat to those states is continued trade war with China focused on agricultural products exported from the U.S."
Besides China and trade and the Mueller report, Trump plans to meet North Korean leader Kim Jong Un in Vietnam in the week ahead, and Trump has said it is not to be his last meeting with Kim. The U.S. and North Korea are expected to seek a common understanding of what is expected in denuclearization, and Trump is expected to push Kim to give up his nuclear ambitions.
Block said it's unclear what will come of those talks. "Trump overstates what he does, but the world is a little safer with us talking with North Korea rather than saber rattling with North Korea. That seems to be Trump's approach. Regardless of what his thought process is, the net result is better than not doing it," said Block.
Investors are also looking to Europe where the U.K. Parliament votes on a no-deal Brexit, which critics say would disrupt trade and commerce .
Prime Minister Theresa May continues to push for Britain's exit from the European Union on March 29. On Wednesday, there will be a vote on an amendment that would give the House of Commons the power to block a no-exit deal if May has not secured the approval by Parliament for a revised Brexit deal by the middle of March.
"They're trying to force her to give up the no deal exit. The EU is expecting a request for a 60-day extension," said Chandler.

Economic data

As for U.S. data, reports on personal income and spending are coming on Friday and fourth-quarter GDP on Thursday. December's disappointing durable goods data showed slower business spending, so analysts are watching closely to see whether there was any improvement in consumer spending.
"The U.S. growth slowdown is seen intensifying in the first quarter too. We forecast U.S. GDP growth at a modest 1.5% annual rate in Q1. Slowing global manufacturing activity, tighter financial conditions, sluggish business equipment spending, and lackluster federal government spending (due in part to the government shutdown in January) are all contributing to the weakest quarter for U.S. growth in two years," wrote Scott Anderson, chief economist at Bank of the West.
Anderson expects fourth-quarter growth at 2.2 percent. He also said if uncertainties in the U.S. around China trade talks and the Brexit negotiations go away, there is a good chance U.S. economic growth will bounce back in the second quarter.
"I should note this is our base case forecast, as none of the parties involved in the negotiations want to see the worst case outcomes realized. If for some reason either of the negotiations go seriously off-track, however, the 2019 U.S. and global economic outlook will become considerably bleaker," he wrote.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

Major Indices for this past week:

(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

Major Futures Markets as of Friday's close:

(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

Economic Calendar for the Week Ahead:

(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

Sector Performance WTD, MTD, YTD:

(CLICK HERE FOR FRIDAY'S PERFORMANCE!)
(CLICK HERE FOR THE WEEK-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE MONTH-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE 3-MONTH PERFORMANCE!)
(CLICK HERE FOR THE YEAR-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE 52-WEEK PERFORMANCE!)

Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

(CLICK HERE FOR THE CHART!)

S&P Sectors for the Past Week:

(CLICK HERE FOR THE CHART!)

Major Indices Pullback/Correction Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Major Indices Rally Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Most Anticipated Earnings Releases for this week:

(CLICK HERE FOR THE CHART!)

Here are the upcoming IPO's for this week:

(CLICK HERE FOR THE CHART!)

Friday's Stock Analyst Upgrades & Downgrades:

(CLICK HERE FOR CHART LINK #1!)
(CLICK HERE FOR CHART LINK #2!)
(CLICK HERE FOR CHART LINK #3!)

Pre-Election Year March: Small-Caps Perfect 10 for 10

Turbulent March markets tend to drive prices up early in the month and batter stocks at month end. Julius Caesar failed to heed the famous warning to “beware the Ides of March” but investors have been served well when they have. Stock prices have a propensity to decline, sometimes rather precipitously, during the latter days of the month. In March 2001, DJIA plunged 1469 points (-11.8%) from March 9 to the 22.
Normally a decent performing market month, March performs even better in pre-election years (see Vital Statistics table below). In pre-election years March ranks: 4th best for DJIA, S&P 500, NASDAQ and Russell 1000 (January, April and December are better). Pre-election year March rank #3 for Russell 2000. Pre-election year March has been up 13 out of the last 14 for DJIA. In fact, since inception in 1979, the Russell 2000 has a perfect, 10-for-10 winning record.
(CLICK HERE FOR THE CHART!)

When Is Overbought Bullish?

What more can we say about the amazing rebound of the stock market since December 24? For the first time since 1997, the S&P 500 Index is up more than 10% for the year through this point in February. Of course, it was the worst December for stocks since the Great Depression—making a larger bounce possible—but the rebound over the past two months has been historic.
That begs the question: What does it mean when stocks are overbought on many short-term levels? “Yes, stocks are quite extended near -term,” explained LPL Senior Market Strategist Ryan Detrick, “but historically, extended markets have tended to deliver continued outperformance over the next several months.”
We can see this by looking at the number of stocks in the S&P 500 that are above their 50-day moving average and the subsequent performance of the index. That number recently cleared 90%, which was one of the highest readings ever. And after 90% of stocks in the S&P 500 go above their 50-day moving average, their 1-, 3-, and 6-month returns actually have shown continued strength. In fact, as the LPL Chart of the Day shows, three months after hitting that 90% mark, the S&P 500 has been higher 12 of the previous 13 times going back to 1990.
(CLICK HERE FOR THE CHART!)
This tells us the easy part of the recent rally is over, and we do see reasons to expect some type of consolidation or well-deserved pullback at some point, but we still think the stage is potentially set for new highs later this year.

More Good News

As this week’s Weekly Market Commentary suggested, over the near term equities appear quite stretched, but overall we continue to think the bull market has plenty of life left. Today, we’ll take a look at market breadth—one of our favorite technical indicators—to explore whether it may be pointing to better times ahead for equities.
Market breadth measures how many stocks are participating in the movement of broader indexes. One of the easiest ways to measure this is via advance/decline (A/D) lines on various exchanges. An A/D line is a ratio of how many stocks go up versus down each day. The thinking is, if gains are caused by increases in many stocks, then there are plenty of buyers and the upward trend should likely continue, all else equal. On the other hand, if an upward move in a broad market gauge is driven by relatively few stocks, this can be a warning sign of cracks in the bull’s armor.
Today’s LPL Chart of the Day shows that the NYSE Common Stock Only A/D line has broken out to a new all-time high. “This is another clue to market participants that things are actually quite healthy under the surface. When advance/decline lines are breaking out to new highs, history tells us that stocks usually aren’t too far behind,” explained LPL Senior Market Strategist Ryan Detrick.
(CLICK HERE FOR THE CHART!)

Broad Based Breadth

One aspect of the rally in stocks this year that we can’t stress enough is how strong breadth has been. Besides the fact that the equal-weighted S&P 500 is outperforming the market cap weighted index by close to three percentage points YTD, the vast majority of S&P 500 Industry Groups are also either right at or very close to YTD highs. The table below lists S&P 500 Industry Groups that, along with the S&P 500, hit YTD highs so far today. Of the 60 Industry Groups, 26 hit YTD highs today and five of them are already up 20% YTD!
(CLICK HERE FOR THE CHART!)
In addition to the 26 Industry Groups above, another 16 Industry Groups traded within 1% of a YTD high today and three of those are also up over 20% YTD. Adding both lists together, 70% of S&P 500 Industry Groups either traded at or came within 1% of hitting a YTD high this morning. That’s broad!
(CLICK HERE FOR THE CHART!)

STOCK MARKET VIDEO: Stock Market Analysis Video for February 22nd, 2019

([CLICK HERE FOR THE YOUTUBE VIDEO!]())
(VIDEO NOT YET UP!)

STOCK MARKET VIDEO: ShadowTrader Video Weekly 2.24.19 - Rebull Without a Pause

(CLICK HERE FOR THE YOUTUBE VIDEO!)
Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-
  • $SQ
  • $HD
  • $CHK
  • $ETSY
  • $JD
  • $M
  • $MDR
  • $PCG
  • $FIT
  • $AMRN
  • $LOW
  • $JCP
  • $WTW
  • $KOS
  • $PANW
  • $BKNG
  • $ABB
  • $BBY
  • $SPLK
  • $VEEV
  • $AZO
  • $TEX
  • $TRXC
  • $SHAK
  • $NTNX
  • $ECA
  • $JT
  • $WDAY
  • $CRI
  • $DNR
  • $TNDM
  • $AWI
  • $DORM
  • $GWPH
  • $HTZ
  • $TREE
  • $PLAN
  • $NSA
  • $ICPT
  • $FLXN
  • $BNS
  • $CROX
  • $RRC
(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)
Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 2.25.19 Before Market Open:

(CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Monday 2.25.19 After Market Close:

(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

Tuesday 2.26.19 Before Market Open:

(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 2.26.19 After Market Close:

(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

Wednesday 2.27.19 Before Market Open:

(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 2.27.19 After Market Close:

(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

Thursday 2.28.19 Before Market Open:

(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

Thursday 2.28.19 After Market Close:

(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

Friday 3.1.19 Before Market Open:

(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Friday 3.1.19 After Market Close:

(CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
NONE.

Square, Inc. $76.08

Square, Inc. (SQ) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, February 27, 2019. The consensus earnings estimate is $0.13 per share on revenue of $908.21 million and the Earnings Whisper ® number is $0.16 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat The company's guidance was for earnings of $0.12 to $0.13 per share on revenue of $895.00 million to $905.00 million. Consensus estimates are for year-over-year earnings growth of 62.50% with revenue increasing by 47.43%. Short interest has increased by 8.9% since the company's last earnings release while the stock has drifted lower by 4.2% from its open following the earnings release to be 8.3% above its 200 day moving average of $70.25. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, February 13, 2019 there was some notable buying of 5,812 contracts of the $75.00 put and 5,392 contracts of the $75.00 call expiring on Thursday, April 18, 2019. Option traders are pricing in a 8.4% move on earnings and the stock has averaged a 4.5% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Home Depot, Inc. $192.39

Home Depot, Inc. (HD) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, February 26, 2019. The consensus earnings estimate is $2.16 per share on revenue of $26.56 billion and the Earnings Whisper ® number is $2.21 per share. Investor sentiment going into the company's earnings release has 76% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 27.81% with revenue increasing by 11.21%. Short interest has decreased by 13.1% since the company's last earnings release while the stock has drifted higher by 8.5% from its open following the earnings release to be 2.2% above its 200 day moving average of $188.29. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, February 12, 2019 there was some notable buying of 11,051 contracts of the $165.00 put expiring on Friday, March 15, 2019. Option traders are pricing in a 3.6% move on earnings and the stock has averaged a 1.1% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Chesapeake Energy Corp. $2.60

Chesapeake Energy Corp. (CHK) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, February 27, 2019. The consensus earnings estimate is $0.17 per share on revenue of $1.04 billion and the Earnings Whisper ® number is $0.20 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 43.33% with revenue decreasing by 58.71%. Short interest has increased by 117.9% since the company's last earnings release while the stock has drifted lower by 22.2% from its open following the earnings release to be 33.4% below its 200 day moving average of $3.91. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, January 11, 2019 there was some notable buying of 5,346 contracts of the $7.00 call expiring on Friday, January 15, 2021. Option traders are pricing in a 14.4% move on earnings and the stock has averaged a 8.6% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Etsy, Inc. $56.67

Etsy, Inc. (ETSY) is confirmed to report earnings at approximately 4:05 PM ET on Monday, February 25, 2019. The consensus earnings estimate is $0.26 per share on revenue of $194.88 million and the Earnings Whisper ® number is $0.28 per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 73.33% with revenue increasing by 43.01%. Short interest has increased by 2.6% since the company's last earnings release while the stock has drifted higher by 22.6% from its open following the earnings release to be 25.1% above its 200 day moving average of $45.29. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, February 5, 2019 there was some notable buying of 2,590 contracts of the $55.00 put expiring on Friday, March 15, 2019. Option traders are pricing in a 11.6% move on earnings and the stock has averaged a 10.9% move in recent quarters.

(CLICK HERE FOR THE CHART!)

JD.com, Inc. $25.95

JD.com, Inc. (JD) is confirmed to report earnings at approximately 5:25 AM ET on Thursday, February 28, 2019. The consensus estimate is for a loss of $0.04 per share on revenue of $19.15 billion and the Earnings Whisper ® number is ($0.02) per share. Investor sentiment going into the company's earnings release has 60% expecting an earnings beat. Consensus estiamtes are for year-over-year revenue growth of 13.10%. Short interest has increased by 25.4% since the company's last earnings release while the stock has drifted higher by 15.6% from its open following the earnings release to be 9.9% below its 200 day moving average of $28.80. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, February 15, 2019 there was some notable buying of 17,853 contracts of the $30.00 call expiring on Thursday, April 18, 2019. Option traders are pricing in a 7.9% move on earnings and the stock has averaged a 4.4% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Macy's, Inc. $24.06

Macy's, Inc. (M) is confirmed to report earnings at approximately 8:00 AM ET on Tuesday, February 26, 2019. The consensus earnings estimate is $2.65 per share on revenue of $8.46 billion and the Earnings Whisper ® number is $2.60 per share. Investor sentiment going into the company's earnings release has 28% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 6.03% with revenue decreasing by 2.38%. Short interest has decreased by 12.4% since the company's last earnings release while the stock has drifted lower by 31.6% from its open following the earnings release to be 28.4% below its 200 day moving average of $33.59. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, February 22, 2019 there was some notable buying of 3,804 contracts of the $24.50 call expiring on Friday, March 1, 2019. Option traders are pricing in a 10.0% move on earnings and the stock has averaged a 9.8% move in recent quarters.

(CLICK HERE FOR THE CHART!)

McDermott International Inc. $7.74

McDermott International Inc. (MDR) is confirmed to report earnings at approximately 7:30 AM ET on Monday, February 25, 2019. The consensus earnings estimate is $0.21 per share on revenue of $2.70 billion and the Earnings Whisper ® number is $0.18 per share. Investor sentiment going into the company's earnings release has 62% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 110.00% with revenue increasing by 275.99%. Short interest has increased by 9.7% since the company's last earnings release while the stock has drifted lower by 15.0% from its open following the earnings release to be 48.2% below its 200 day moving average of $14.94. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, February 20, 2019 there was some notable buying of 22,689 contracts of the $8.00 call expiring on Friday, May 17, 2019. Option traders are pricing in a 17.4% move on earnings and the stock has averaged a 25.9% move in recent quarters.

(CLICK HERE FOR THE CHART!)

PG&E Corp. $18.77

PG&E Corp. (PCG) is confirmed to report earnings at approximately 8:45 AM ET on Thursday, February 28, 2019. The consensus earnings estimate is $0.62 per share on revenue of $4.29 billion. Investor sentiment going into the company's earnings release has 18% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 1.59% with revenue increasing by 4.63%. Short interest has increased by 122.1% since the company's last earnings release while the stock has drifted lower by 60.9% from its open following the earnings release to be 47.6% below its 200 day moving average of $35.85. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, January 24, 2019 there was some notable buying of 10,702 contracts of the $20.00 call expiring on Friday, January 17, 2020. Option traders are pricing in a 11.5% move on earnings and the stock has averaged a 2.1% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Fitbit, Inc. $6.70

Fitbit, Inc. (FIT) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, February 27, 2019. The consensus earnings estimate is $0.07 per share on revenue of $567.68 million and the Earnings Whisper ® number is $0.08 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat The company's guidance was for earnings of at least $0.07 per share on revenue of at least $560.00 million. Consensus estimates are for year-over-year earnings growth of 200.00% with revenue decreasing by 0.54%. Short interest has decreased by 27.1% since the company's last earnings release while the stock has drifted higher by 22.3% from its open following the earnings release to be 9.2% above its 200 day moving average of $6.13. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, February 5, 2019 there was some notable buying of 6,274 contracts of the $6.50 call expiring on Friday, March 1, 2019. Option traders are pricing in a 14.7% move on earnings and the stock has averaged a 13.0% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Amarin Corporation plc $19.87

Amarin Corporation plc (AMRN) is confirmed to report earnings at approximately 5:00 AM ET on Wednesday, February 27, 2019. The consensus estimate is for a loss of $0.08 per share on revenue of $74.45 million and the Earnings Whisper ® number is ($0.08) per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue increasing by 38.21%. Short interest has increased by 15.4% since the company's last earnings release while the stock has drifted lower by 4.8% from its open following the earnings release to be 89.6% above its 200 day moving average of $10.48. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, February 22, 2019 there was some notable buying of 35,406 contracts of the $20.00 call expiring on Thursday, April 18, 2019. Option traders are pricing in a 17.3% move on earnings and the stock has averaged a 4.6% move in recent quarters.

(CLICK HERE FOR THE CHART!)

DISCUSS!

What are you all watching for in this upcoming trading week ahead?
Have a fantastic weekend and a great trading week ahead to everyone here on wallstreetbets! :)
submitted by bigbear0083 to wallstreetbets [link] [comments]

Get ready for the trading week of February 25th, 2019!

Hey what's happening stocks! Good morning and happy Saturday to all of you on this subreddit. I hope everyone made out pretty nicely in the market last week, and are ready for the new trading week ahead! :)
Here is everything you need to know to get you ready for the trading week beginning February 25th, 2019.

Next week will be pivotal for markets with trade deadline, Powell, Trump-Kim and more - (Source)

The coming week could be one of the most pivotal for the Trump White House and the markets, depending on how President Donald Trump chooses to proceed with China trade tariffs.
U.S.-China trade talks apparently have been making progress, and in a positive sign, sources said a possible meeting between Trump and Chinese President Xi Jinping is being discussed for late March. Strategists expect some eventual deal to be reached, but first and foremost, the March 2 deadline on new tariffs looms at the end of the week. For now, it looks like the deadline could be extended.
Trump, in fact, Friday reiterated that he could extend the deadline if progress is being made. He also said there was a very good chance a deal could be reached with China, and that he and Xi would make the big decisions.
The week is packed with major events that could be market moving, including two days of economic testimony from Federal Reserve Chairman Jerome Powell. He appears before the Senate Banking Committee on Tuesday, and then a House committee Wednesday for the semiannual testimony.
Trump also heads to Vietnam for a summit with North Korean leader Kim Jong Un on Wednesday and Thursday, and U.K. Prime Minister Theresa May faces another Brexit vote in parliament.
The markets are also closely watching U.S. economic data after a string of misses on manufacturing and consumer data rattled stocks in the past couple of weeks. The lack of government data during the 35-day government shutdown has made it more difficult than usual to get a handle on the economy, and some economists now see fourth-quarter and first-quarter growth running at just 2 percent or below. Fourth-quarter GDP, delayed because of the shutdown, is finally released on Thursday.

Earnings

Though earnings season is winding down, quite a few earnings releases are expected, including from retailers Home Depot, Macy'sand Nordstrom.
"To me, the biggest story next week for markets is China. Do they announce an agreement or do they at least extend the deadline? That's the one that has the most immediate market impact. The markets are pricing in good news on China next week," said Tom Block, Washington policy strategist at Fundstrat.
There were some news reports that Special Counsel Robert Mueller's report on the Trump campaign and Russia would be provided to the attorney general next week, but a Justice Department official Friday afternoon said that was not true.Whether the Trump campaign was involved with Russia or not matters much less than whether the president himself was involved.
"This is of course great for American political drama but as for the $4.3 trillion foreign exchange market or what does this mean for the value of corporate America, it's not a big deal unless there's a smoking gun, and people think Trump is going to get impeached," said Marc Chandler, chief market strategist at Bannockburn Global Forex. "Why this is important is it might paralyze other policy. … The only way it is a really big factor is if it's used as fodder to pursue further investigations that paralyze the administration like Watergate did."
Chandler said while the geopolitical events in the coming week could add to tension, they could all remain unresolved.
"We want some closure. Next week is not going to bring some closure. We're going to get extensions," said Chandler.
The uncertainty around China trade has been impacting the economic data, and business leaders have called on the White House to end the tariffs on China. The farm belt has been hurt as China retaliated against U.S. products.
Cowen analysts said the talks are nearing a "term sheet" between Chinese and U.S. trade negotiators. The memorandums are expected to touch on a half-dozen key areas, including forced technology transfers and cybertheft; intellectual property rights; opening up of Chinese financial services to U.S. companies; currency; agriculture, and nontariff barriers to trade. Those barriers include industrial subsidies, licensing procedures and other regulations.
The talks are also expected to focus on a list of 10 goods and commodities that China will buy to help narrow the trade balance. That could include an additional $30 billion per year of U.S. farm products including soybeans, corn, and wheat, the Cowen analysts said.
Fundstrat's Block said the president understands the political impact of continuing tariffs or raising them to 25 percent by March 2, as he has threatened.

Trade deadline, North Korea, Brexit

Trump has said the deadline could be extended. "The road to 270 electoral votes for Trump goes through the farm states of the Midwest. There's no road map for Trump to get 270 electoral votes if he doesn't carry all those Midwestern farm states," Block said. "China is very big for lots of reasons. …Trump's people have to figure out, at a minimum, how to extend the truce. … The biggest threat to those states is continued trade war with China focused on agricultural products exported from the U.S."
Besides China and trade and the Mueller report, Trump plans to meet North Korean leader Kim Jong Un in Vietnam in the week ahead, and Trump has said it is not to be his last meeting with Kim. The U.S. and North Korea are expected to seek a common understanding of what is expected in denuclearization, and Trump is expected to push Kim to give up his nuclear ambitions.
Block said it's unclear what will come of those talks. "Trump overstates what he does, but the world is a little safer with us talking with North Korea rather than saber rattling with North Korea. That seems to be Trump's approach. Regardless of what his thought process is, the net result is better than not doing it," said Block.
Investors are also looking to Europe where the U.K. Parliament votes on a no-deal Brexit, which critics say would disrupt trade and commerce .
Prime Minister Theresa May continues to push for Britain's exit from the European Union on March 29. On Wednesday, there will be a vote on an amendment that would give the House of Commons the power to block a no-exit deal if May has not secured the approval by Parliament for a revised Brexit deal by the middle of March.
"They're trying to force her to give up the no deal exit. The EU is expecting a request for a 60-day extension," said Chandler.

Economic data

As for U.S. data, reports on personal income and spending are coming on Friday and fourth-quarter GDP on Thursday. December's disappointing durable goods data showed slower business spending, so analysts are watching closely to see whether there was any improvement in consumer spending.
"The U.S. growth slowdown is seen intensifying in the first quarter too. We forecast U.S. GDP growth at a modest 1.5% annual rate in Q1. Slowing global manufacturing activity, tighter financial conditions, sluggish business equipment spending, and lackluster federal government spending (due in part to the government shutdown in January) are all contributing to the weakest quarter for U.S. growth in two years," wrote Scott Anderson, chief economist at Bank of the West.
Anderson expects fourth-quarter growth at 2.2 percent. He also said if uncertainties in the U.S. around China trade talks and the Brexit negotiations go away, there is a good chance U.S. economic growth will bounce back in the second quarter.
"I should note this is our base case forecast, as none of the parties involved in the negotiations want to see the worst case outcomes realized. If for some reason either of the negotiations go seriously off-track, however, the 2019 U.S. and global economic outlook will become considerably bleaker," he wrote.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

Major Indices for this past week:

(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

Major Futures Markets as of Friday's close:

(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

Economic Calendar for the Week Ahead:

(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

Sector Performance WTD, MTD, YTD:

(CLICK HERE FOR FRIDAY'S PERFORMANCE!)
(CLICK HERE FOR THE WEEK-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE MONTH-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE 3-MONTH PERFORMANCE!)
(CLICK HERE FOR THE YEAR-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE 52-WEEK PERFORMANCE!)

Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

(CLICK HERE FOR THE CHART!)

S&P Sectors for the Past Week:

(CLICK HERE FOR THE CHART!)

Major Indices Pullback/Correction Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Major Indices Rally Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Most Anticipated Earnings Releases for this week:

(CLICK HERE FOR THE CHART!)

Here are the upcoming IPO's for this week:

(CLICK HERE FOR THE CHART!)

Friday's Stock Analyst Upgrades & Downgrades:

(CLICK HERE FOR CHART LINK #1!)
(CLICK HERE FOR CHART LINK #2!)
(CLICK HERE FOR CHART LINK #3!)

Pre-Election Year March: Small-Caps Perfect 10 for 10

Turbulent March markets tend to drive prices up early in the month and batter stocks at month end. Julius Caesar failed to heed the famous warning to “beware the Ides of March” but investors have been served well when they have. Stock prices have a propensity to decline, sometimes rather precipitously, during the latter days of the month. In March 2001, DJIA plunged 1469 points (-11.8%) from March 9 to the 22.
Normally a decent performing market month, March performs even better in pre-election years (see Vital Statistics table below). In pre-election years March ranks: 4th best for DJIA, S&P 500, NASDAQ and Russell 1000 (January, April and December are better). Pre-election year March rank #3 for Russell 2000. Pre-election year March has been up 13 out of the last 14 for DJIA. In fact, since inception in 1979, the Russell 2000 has a perfect, 10-for-10 winning record.
(CLICK HERE FOR THE CHART!)

When Is Overbought Bullish?

What more can we say about the amazing rebound of the stock market since December 24? For the first time since 1997, the S&P 500 Index is up more than 10% for the year through this point in February. Of course, it was the worst December for stocks since the Great Depression—making a larger bounce possible—but the rebound over the past two months has been historic.
That begs the question: What does it mean when stocks are overbought on many short-term levels? “Yes, stocks are quite extended near -term,” explained LPL Senior Market Strategist Ryan Detrick, “but historically, extended markets have tended to deliver continued outperformance over the next several months.”
We can see this by looking at the number of stocks in the S&P 500 that are above their 50-day moving average and the subsequent performance of the index. That number recently cleared 90%, which was one of the highest readings ever. And after 90% of stocks in the S&P 500 go above their 50-day moving average, their 1-, 3-, and 6-month returns actually have shown continued strength. In fact, as the LPL Chart of the Day shows, three months after hitting that 90% mark, the S&P 500 has been higher 12 of the previous 13 times going back to 1990.
(CLICK HERE FOR THE CHART!)
This tells us the easy part of the recent rally is over, and we do see reasons to expect some type of consolidation or well-deserved pullback at some point, but we still think the stage is potentially set for new highs later this year.

More Good News

As this week’s Weekly Market Commentary suggested, over the near term equities appear quite stretched, but overall we continue to think the bull market has plenty of life left. Today, we’ll take a look at market breadth—one of our favorite technical indicators—to explore whether it may be pointing to better times ahead for equities.
Market breadth measures how many stocks are participating in the movement of broader indexes. One of the easiest ways to measure this is via advance/decline (A/D) lines on various exchanges. An A/D line is a ratio of how many stocks go up versus down each day. The thinking is, if gains are caused by increases in many stocks, then there are plenty of buyers and the upward trend should likely continue, all else equal. On the other hand, if an upward move in a broad market gauge is driven by relatively few stocks, this can be a warning sign of cracks in the bull’s armor.
Today’s LPL Chart of the Day shows that the NYSE Common Stock Only A/D line has broken out to a new all-time high. “This is another clue to market participants that things are actually quite healthy under the surface. When advance/decline lines are breaking out to new highs, history tells us that stocks usually aren’t too far behind,” explained LPL Senior Market Strategist Ryan Detrick.
(CLICK HERE FOR THE CHART!)

Broad Based Breadth

One aspect of the rally in stocks this year that we can’t stress enough is how strong breadth has been. Besides the fact that the equal-weighted S&P 500 is outperforming the market cap weighted index by close to three percentage points YTD, the vast majority of S&P 500 Industry Groups are also either right at or very close to YTD highs. The table below lists S&P 500 Industry Groups that, along with the S&P 500, hit YTD highs so far today. Of the 60 Industry Groups, 26 hit YTD highs today and five of them are already up 20% YTD!
(CLICK HERE FOR THE CHART!)
In addition to the 26 Industry Groups above, another 16 Industry Groups traded within 1% of a YTD high today and three of those are also up over 20% YTD. Adding both lists together, 70% of S&P 500 Industry Groups either traded at or came within 1% of hitting a YTD high this morning. That’s broad!
(CLICK HERE FOR THE CHART!)

STOCK MARKET VIDEO: Stock Market Analysis Video for February 22nd, 2019

([CLICK HERE FOR THE YOUTUBE VIDEO!]())
(VIDEO NOT YET UP!)

STOCK MARKET VIDEO: ShadowTrader Video Weekly 2.24.19 - Rebull Without a Pause

([CLICK HERE FOR THE YOUTUBE VIDEO!]())
(VIDEO NOT YET UP!)
Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-
  • $SQ
  • $HD
  • $CHK
  • $ETSY
  • $JD
  • $M
  • $MDR
  • $PCG
  • $FIT
  • $AMRN
  • $LOW
  • $JCP
  • $WTW
  • $KOS
  • $PANW
  • $BKNG
  • $ABB
  • $BBY
  • $SPLK
  • $VEEV
  • $AZO
  • $TEX
  • $TRXC
  • $SHAK
  • $NTNX
  • $ECA
  • $JT
  • $WDAY
  • $CRI
  • $DNR
  • $TNDM
  • $AWI
  • $DORM
  • $GWPH
  • $HTZ
  • $TREE
  • $PLAN
  • $NSA
  • $ICPT
  • $FLXN
  • $BNS
  • $CROX
  • $RRC
(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)
Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 2.25.19 Before Market Open:

(CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Monday 2.25.19 After Market Close:

(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

Tuesday 2.26.19 Before Market Open:

(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 2.26.19 After Market Close:

(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

Wednesday 2.27.19 Before Market Open:

(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 2.27.19 After Market Close:

(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

Thursday 2.28.19 Before Market Open:

(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

Thursday 2.28.19 After Market Close:

(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

Friday 3.1.19 Before Market Open:

(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Friday 3.1.19 After Market Close:

(CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
NONE.

Square, Inc. $76.08

Square, Inc. (SQ) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, February 27, 2019. The consensus earnings estimate is $0.13 per share on revenue of $908.21 million and the Earnings Whisper ® number is $0.16 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat The company's guidance was for earnings of $0.12 to $0.13 per share on revenue of $895.00 million to $905.00 million. Consensus estimates are for year-over-year earnings growth of 62.50% with revenue increasing by 47.43%. Short interest has increased by 8.9% since the company's last earnings release while the stock has drifted lower by 4.2% from its open following the earnings release to be 8.3% above its 200 day moving average of $70.25. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, February 13, 2019 there was some notable buying of 5,812 contracts of the $75.00 put and 5,392 contracts of the $75.00 call expiring on Thursday, April 18, 2019. Option traders are pricing in a 8.4% move on earnings and the stock has averaged a 4.5% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Home Depot, Inc. $192.39

Home Depot, Inc. (HD) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, February 26, 2019. The consensus earnings estimate is $2.16 per share on revenue of $26.56 billion and the Earnings Whisper ® number is $2.21 per share. Investor sentiment going into the company's earnings release has 76% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 27.81% with revenue increasing by 11.21%. Short interest has decreased by 13.1% since the company's last earnings release while the stock has drifted higher by 8.5% from its open following the earnings release to be 2.2% above its 200 day moving average of $188.29. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, February 12, 2019 there was some notable buying of 11,051 contracts of the $165.00 put expiring on Friday, March 15, 2019. Option traders are pricing in a 3.6% move on earnings and the stock has averaged a 1.1% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Chesapeake Energy Corp. $2.60

Chesapeake Energy Corp. (CHK) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, February 27, 2019. The consensus earnings estimate is $0.17 per share on revenue of $1.04 billion and the Earnings Whisper ® number is $0.20 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 43.33% with revenue decreasing by 58.71%. Short interest has increased by 117.9% since the company's last earnings release while the stock has drifted lower by 22.2% from its open following the earnings release to be 33.4% below its 200 day moving average of $3.91. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, January 11, 2019 there was some notable buying of 5,346 contracts of the $7.00 call expiring on Friday, January 15, 2021. Option traders are pricing in a 14.4% move on earnings and the stock has averaged a 8.6% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Etsy, Inc. $56.67

Etsy, Inc. (ETSY) is confirmed to report earnings at approximately 4:05 PM ET on Monday, February 25, 2019. The consensus earnings estimate is $0.26 per share on revenue of $194.88 million and the Earnings Whisper ® number is $0.28 per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 73.33% with revenue increasing by 43.01%. Short interest has increased by 2.6% since the company's last earnings release while the stock has drifted higher by 22.6% from its open following the earnings release to be 25.1% above its 200 day moving average of $45.29. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, February 5, 2019 there was some notable buying of 2,590 contracts of the $55.00 put expiring on Friday, March 15, 2019. Option traders are pricing in a 11.6% move on earnings and the stock has averaged a 10.9% move in recent quarters.

(CLICK HERE FOR THE CHART!)

JD.com, Inc. $25.95

JD.com, Inc. (JD) is confirmed to report earnings at approximately 5:25 AM ET on Thursday, February 28, 2019. The consensus estimate is for a loss of $0.04 per share on revenue of $19.15 billion and the Earnings Whisper ® number is ($0.02) per share. Investor sentiment going into the company's earnings release has 60% expecting an earnings beat. Consensus estiamtes are for year-over-year revenue growth of 13.10%. Short interest has increased by 25.4% since the company's last earnings release while the stock has drifted higher by 15.6% from its open following the earnings release to be 9.9% below its 200 day moving average of $28.80. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, February 15, 2019 there was some notable buying of 17,853 contracts of the $30.00 call expiring on Thursday, April 18, 2019. Option traders are pricing in a 7.9% move on earnings and the stock has averaged a 4.4% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Macy's, Inc. $24.06

Macy's, Inc. (M) is confirmed to report earnings at approximately 8:00 AM ET on Tuesday, February 26, 2019. The consensus earnings estimate is $2.65 per share on revenue of $8.46 billion and the Earnings Whisper ® number is $2.60 per share. Investor sentiment going into the company's earnings release has 28% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 6.03% with revenue decreasing by 2.38%. Short interest has decreased by 12.4% since the company's last earnings release while the stock has drifted lower by 31.6% from its open following the earnings release to be 28.4% below its 200 day moving average of $33.59. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, February 22, 2019 there was some notable buying of 3,804 contracts of the $24.50 call expiring on Friday, March 1, 2019. Option traders are pricing in a 10.0% move on earnings and the stock has averaged a 9.8% move in recent quarters.

(CLICK HERE FOR THE CHART!)

McDermott International Inc. $7.74

McDermott International Inc. (MDR) is confirmed to report earnings at approximately 7:30 AM ET on Monday, February 25, 2019. The consensus earnings estimate is $0.21 per share on revenue of $2.70 billion and the Earnings Whisper ® number is $0.18 per share. Investor sentiment going into the company's earnings release has 62% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 110.00% with revenue increasing by 275.99%. Short interest has increased by 9.7% since the company's last earnings release while the stock has drifted lower by 15.0% from its open following the earnings release to be 48.2% below its 200 day moving average of $14.94. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, February 20, 2019 there was some notable buying of 22,689 contracts of the $8.00 call expiring on Friday, May 17, 2019. Option traders are pricing in a 17.4% move on earnings and the stock has averaged a 25.9% move in recent quarters.

(CLICK HERE FOR THE CHART!)

PG&E Corp. $18.77

PG&E Corp. (PCG) is confirmed to report earnings at approximately 8:45 AM ET on Thursday, February 28, 2019. The consensus earnings estimate is $0.62 per share on revenue of $4.29 billion. Investor sentiment going into the company's earnings release has 18% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 1.59% with revenue increasing by 4.63%. Short interest has increased by 122.1% since the company's last earnings release while the stock has drifted lower by 60.9% from its open following the earnings release to be 47.6% below its 200 day moving average of $35.85. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, January 24, 2019 there was some notable buying of 10,702 contracts of the $20.00 call expiring on Friday, January 17, 2020. Option traders are pricing in a 11.5% move on earnings and the stock has averaged a 2.1% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Fitbit, Inc. $6.70

Fitbit, Inc. (FIT) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, February 27, 2019. The consensus earnings estimate is $0.07 per share on revenue of $567.68 million and the Earnings Whisper ® number is $0.08 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat The company's guidance was for earnings of at least $0.07 per share on revenue of at least $560.00 million. Consensus estimates are for year-over-year earnings growth of 200.00% with revenue decreasing by 0.54%. Short interest has decreased by 27.1% since the company's last earnings release while the stock has drifted higher by 22.3% from its open following the earnings release to be 9.2% above its 200 day moving average of $6.13. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, February 5, 2019 there was some notable buying of 6,274 contracts of the $6.50 call expiring on Friday, March 1, 2019. Option traders are pricing in a 14.7% move on earnings and the stock has averaged a 13.0% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Amarin Corporation plc $19.87

Amarin Corporation plc (AMRN) is confirmed to report earnings at approximately 5:00 AM ET on Wednesday, February 27, 2019. The consensus estimate is for a loss of $0.08 per share on revenue of $74.45 million and the Earnings Whisper ® number is ($0.08) per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue increasing by 38.21%. Short interest has increased by 15.4% since the company's last earnings release while the stock has drifted lower by 4.8% from its open following the earnings release to be 89.6% above its 200 day moving average of $10.48. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, February 22, 2019 there was some notable buying of 35,406 contracts of the $20.00 call expiring on Thursday, April 18, 2019. Option traders are pricing in a 17.3% move on earnings and the stock has averaged a 4.6% move in recent quarters.

(CLICK HERE FOR THE CHART!)

DISCUSS!

What are you all watching for in this upcoming trading week ahead?
Have a fantastic weekend and a great trading week ahead to everyone here on stocks! :)
submitted by bigbear0083 to stocks [link] [comments]

Get ready for the trading week of February 25th, 2019!

Hey what's happening StockMarket! Good morning and happy Saturday to all of you on this subreddit. I hope everyone made out pretty nicely in the market last week, and are ready for the new trading week ahead! :)
Here is everything you need to know to get you ready for the trading week beginning February 25th, 2019.

Next week will be pivotal for markets with trade deadline, Powell, Trump-Kim and more - (Source)

The coming week could be one of the most pivotal for the Trump White House and the markets, depending on how President Donald Trump chooses to proceed with China trade tariffs.
U.S.-China trade talks apparently have been making progress, and in a positive sign, sources said a possible meeting between Trump and Chinese President Xi Jinping is being discussed for late March. Strategists expect some eventual deal to be reached, but first and foremost, the March 2 deadline on new tariffs looms at the end of the week. For now, it looks like the deadline could be extended.
Trump, in fact, Friday reiterated that he could extend the deadline if progress is being made. He also said there was a very good chance a deal could be reached with China, and that he and Xi would make the big decisions.
The week is packed with major events that could be market moving, including two days of economic testimony from Federal Reserve Chairman Jerome Powell. He appears before the Senate Banking Committee on Tuesday, and then a House committee Wednesday for the semiannual testimony.
Trump also heads to Vietnam for a summit with North Korean leader Kim Jong Un on Wednesday and Thursday, and U.K. Prime Minister Theresa May faces another Brexit vote in parliament.
The markets are also closely watching U.S. economic data after a string of misses on manufacturing and consumer data rattled stocks in the past couple of weeks. The lack of government data during the 35-day government shutdown has made it more difficult than usual to get a handle on the economy, and some economists now see fourth-quarter and first-quarter growth running at just 2 percent or below. Fourth-quarter GDP, delayed because of the shutdown, is finally released on Thursday.

Earnings

Though earnings season is winding down, quite a few earnings releases are expected, including from retailers Home Depot, Macy'sand Nordstrom.
"To me, the biggest story next week for markets is China. Do they announce an agreement or do they at least extend the deadline? That's the one that has the most immediate market impact. The markets are pricing in good news on China next week," said Tom Block, Washington policy strategist at Fundstrat.
There were some news reports that Special Counsel Robert Mueller's report on the Trump campaign and Russia would be provided to the attorney general next week, but a Justice Department official Friday afternoon said that was not true.Whether the Trump campaign was involved with Russia or not matters much less than whether the president himself was involved.
"This is of course great for American political drama but as for the $4.3 trillion foreign exchange market or what does this mean for the value of corporate America, it's not a big deal unless there's a smoking gun, and people think Trump is going to get impeached," said Marc Chandler, chief market strategist at Bannockburn Global Forex. "Why this is important is it might paralyze other policy. … The only way it is a really big factor is if it's used as fodder to pursue further investigations that paralyze the administration like Watergate did."
Chandler said while the geopolitical events in the coming week could add to tension, they could all remain unresolved.
"We want some closure. Next week is not going to bring some closure. We're going to get extensions," said Chandler.
The uncertainty around China trade has been impacting the economic data, and business leaders have called on the White House to end the tariffs on China. The farm belt has been hurt as China retaliated against U.S. products.
Cowen analysts said the talks are nearing a "term sheet" between Chinese and U.S. trade negotiators. The memorandums are expected to touch on a half-dozen key areas, including forced technology transfers and cybertheft; intellectual property rights; opening up of Chinese financial services to U.S. companies; currency; agriculture, and nontariff barriers to trade. Those barriers include industrial subsidies, licensing procedures and other regulations.
The talks are also expected to focus on a list of 10 goods and commodities that China will buy to help narrow the trade balance. That could include an additional $30 billion per year of U.S. farm products including soybeans, corn, and wheat, the Cowen analysts said.
Fundstrat's Block said the president understands the political impact of continuing tariffs or raising them to 25 percent by March 2, as he has threatened.

Trade deadline, North Korea, Brexit

Trump has said the deadline could be extended. "The road to 270 electoral votes for Trump goes through the farm states of the Midwest. There's no road map for Trump to get 270 electoral votes if he doesn't carry all those Midwestern farm states," Block said. "China is very big for lots of reasons. …Trump's people have to figure out, at a minimum, how to extend the truce. … The biggest threat to those states is continued trade war with China focused on agricultural products exported from the U.S."
Besides China and trade and the Mueller report, Trump plans to meet North Korean leader Kim Jong Un in Vietnam in the week ahead, and Trump has said it is not to be his last meeting with Kim. The U.S. and North Korea are expected to seek a common understanding of what is expected in denuclearization, and Trump is expected to push Kim to give up his nuclear ambitions.
Block said it's unclear what will come of those talks. "Trump overstates what he does, but the world is a little safer with us talking with North Korea rather than saber rattling with North Korea. That seems to be Trump's approach. Regardless of what his thought process is, the net result is better than not doing it," said Block.
Investors are also looking to Europe where the U.K. Parliament votes on a no-deal Brexit, which critics say would disrupt trade and commerce .
Prime Minister Theresa May continues to push for Britain's exit from the European Union on March 29. On Wednesday, there will be a vote on an amendment that would give the House of Commons the power to block a no-exit deal if May has not secured the approval by Parliament for a revised Brexit deal by the middle of March.
"They're trying to force her to give up the no deal exit. The EU is expecting a request for a 60-day extension," said Chandler.

Economic data

As for U.S. data, reports on personal income and spending are coming on Friday and fourth-quarter GDP on Thursday. December's disappointing durable goods data showed slower business spending, so analysts are watching closely to see whether there was any improvement in consumer spending.
"The U.S. growth slowdown is seen intensifying in the first quarter too. We forecast U.S. GDP growth at a modest 1.5% annual rate in Q1. Slowing global manufacturing activity, tighter financial conditions, sluggish business equipment spending, and lackluster federal government spending (due in part to the government shutdown in January) are all contributing to the weakest quarter for U.S. growth in two years," wrote Scott Anderson, chief economist at Bank of the West.
Anderson expects fourth-quarter growth at 2.2 percent. He also said if uncertainties in the U.S. around China trade talks and the Brexit negotiations go away, there is a good chance U.S. economic growth will bounce back in the second quarter.
"I should note this is our base case forecast, as none of the parties involved in the negotiations want to see the worst case outcomes realized. If for some reason either of the negotiations go seriously off-track, however, the 2019 U.S. and global economic outlook will become considerably bleaker," he wrote.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

Major Indices for this past week:

(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

Major Futures Markets as of Friday's close:

(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

Economic Calendar for the Week Ahead:

(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

Sector Performance WTD, MTD, YTD:

(CLICK HERE FOR FRIDAY'S PERFORMANCE!)
(CLICK HERE FOR THE WEEK-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE MONTH-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE 3-MONTH PERFORMANCE!)
(CLICK HERE FOR THE YEAR-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE 52-WEEK PERFORMANCE!)

Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

(CLICK HERE FOR THE CHART!)

S&P Sectors for the Past Week:

(CLICK HERE FOR THE CHART!)

Major Indices Pullback/Correction Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Major Indices Rally Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Most Anticipated Earnings Releases for this week:

(CLICK HERE FOR THE CHART!)

Here are the upcoming IPO's for this week:

(CLICK HERE FOR THE CHART!)

Friday's Stock Analyst Upgrades & Downgrades:

(CLICK HERE FOR CHART LINK #1!)
(CLICK HERE FOR CHART LINK #2!)
(CLICK HERE FOR CHART LINK #3!)

Pre-Election Year March: Small-Caps Perfect 10 for 10

Turbulent March markets tend to drive prices up early in the month and batter stocks at month end. Julius Caesar failed to heed the famous warning to “beware the Ides of March” but investors have been served well when they have. Stock prices have a propensity to decline, sometimes rather precipitously, during the latter days of the month. In March 2001, DJIA plunged 1469 points (-11.8%) from March 9 to the 22.
Normally a decent performing market month, March performs even better in pre-election years (see Vital Statistics table below). In pre-election years March ranks: 4th best for DJIA, S&P 500, NASDAQ and Russell 1000 (January, April and December are better). Pre-election year March rank #3 for Russell 2000. Pre-election year March has been up 13 out of the last 14 for DJIA. In fact, since inception in 1979, the Russell 2000 has a perfect, 10-for-10 winning record.
(CLICK HERE FOR THE CHART!)

When Is Overbought Bullish?

What more can we say about the amazing rebound of the stock market since December 24? For the first time since 1997, the S&P 500 Index is up more than 10% for the year through this point in February. Of course, it was the worst December for stocks since the Great Depression—making a larger bounce possible—but the rebound over the past two months has been historic.
That begs the question: What does it mean when stocks are overbought on many short-term levels? “Yes, stocks are quite extended near -term,” explained LPL Senior Market Strategist Ryan Detrick, “but historically, extended markets have tended to deliver continued outperformance over the next several months.”
We can see this by looking at the number of stocks in the S&P 500 that are above their 50-day moving average and the subsequent performance of the index. That number recently cleared 90%, which was one of the highest readings ever. And after 90% of stocks in the S&P 500 go above their 50-day moving average, their 1-, 3-, and 6-month returns actually have shown continued strength. In fact, as the LPL Chart of the Day shows, three months after hitting that 90% mark, the S&P 500 has been higher 12 of the previous 13 times going back to 1990.
(CLICK HERE FOR THE CHART!)
This tells us the easy part of the recent rally is over, and we do see reasons to expect some type of consolidation or well-deserved pullback at some point, but we still think the stage is potentially set for new highs later this year.

More Good News

As this week’s Weekly Market Commentary suggested, over the near term equities appear quite stretched, but overall we continue to think the bull market has plenty of life left. Today, we’ll take a look at market breadth—one of our favorite technical indicators—to explore whether it may be pointing to better times ahead for equities.
Market breadth measures how many stocks are participating in the movement of broader indexes. One of the easiest ways to measure this is via advance/decline (A/D) lines on various exchanges. An A/D line is a ratio of how many stocks go up versus down each day. The thinking is, if gains are caused by increases in many stocks, then there are plenty of buyers and the upward trend should likely continue, all else equal. On the other hand, if an upward move in a broad market gauge is driven by relatively few stocks, this can be a warning sign of cracks in the bull’s armor.
Today’s LPL Chart of the Day shows that the NYSE Common Stock Only A/D line has broken out to a new all-time high. “This is another clue to market participants that things are actually quite healthy under the surface. When advance/decline lines are breaking out to new highs, history tells us that stocks usually aren’t too far behind,” explained LPL Senior Market Strategist Ryan Detrick.
(CLICK HERE FOR THE CHART!)

Broad Based Breadth

One aspect of the rally in stocks this year that we can’t stress enough is how strong breadth has been. Besides the fact that the equal-weighted S&P 500 is outperforming the market cap weighted index by close to three percentage points YTD, the vast majority of S&P 500 Industry Groups are also either right at or very close to YTD highs. The table below lists S&P 500 Industry Groups that, along with the S&P 500, hit YTD highs so far today. Of the 60 Industry Groups, 26 hit YTD highs today and five of them are already up 20% YTD!
(CLICK HERE FOR THE CHART!)
In addition to the 26 Industry Groups above, another 16 Industry Groups traded within 1% of a YTD high today and three of those are also up over 20% YTD. Adding both lists together, 70% of S&P 500 Industry Groups either traded at or came within 1% of hitting a YTD high this morning. That’s broad!
(CLICK HERE FOR THE CHART!)

STOCK MARKET VIDEO: Stock Market Analysis Video for February 22nd, 2019

([CLICK HERE FOR THE YOUTUBE VIDEO!]())
(VIDEO NOT YET UP!)

STOCK MARKET VIDEO: ShadowTrader Video Weekly 2.24.19 - Rebull Without a Pause

(CLICK HERE FOR THE YOUTUBE VIDEO!)
Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-
  • $SQ
  • $HD
  • $CHK
  • $ETSY
  • $JD
  • $M
  • $MDR
  • $PCG
  • $FIT
  • $AMRN
  • $LOW
  • $JCP
  • $WTW
  • $KOS
  • $PANW
  • $BKNG
  • $ABB
  • $BBY
  • $SPLK
  • $VEEV
  • $AZO
  • $TEX
  • $TRXC
  • $SHAK
  • $NTNX
  • $ECA
  • $JT
  • $WDAY
  • $CRI
  • $DNR
  • $TNDM
  • $AWI
  • $DORM
  • $GWPH
  • $HTZ
  • $TREE
  • $PLAN
  • $NSA
  • $ICPT
  • $FLXN
  • $BNS
  • $CROX
  • $RRC
(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)
Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 2.25.19 Before Market Open:

(CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Monday 2.25.19 After Market Close:

(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

Tuesday 2.26.19 Before Market Open:

(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 2.26.19 After Market Close:

(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

Wednesday 2.27.19 Before Market Open:

(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 2.27.19 After Market Close:

(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

Thursday 2.28.19 Before Market Open:

(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

Thursday 2.28.19 After Market Close:

(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

Friday 3.1.19 Before Market Open:

(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Friday 3.1.19 After Market Close:

(CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
NONE.

Square, Inc. $76.08

Square, Inc. (SQ) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, February 27, 2019. The consensus earnings estimate is $0.13 per share on revenue of $908.21 million and the Earnings Whisper ® number is $0.16 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat The company's guidance was for earnings of $0.12 to $0.13 per share on revenue of $895.00 million to $905.00 million. Consensus estimates are for year-over-year earnings growth of 62.50% with revenue increasing by 47.43%. Short interest has increased by 8.9% since the company's last earnings release while the stock has drifted lower by 4.2% from its open following the earnings release to be 8.3% above its 200 day moving average of $70.25. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, February 13, 2019 there was some notable buying of 5,812 contracts of the $75.00 put and 5,392 contracts of the $75.00 call expiring on Thursday, April 18, 2019. Option traders are pricing in a 8.4% move on earnings and the stock has averaged a 4.5% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Home Depot, Inc. $192.39

Home Depot, Inc. (HD) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, February 26, 2019. The consensus earnings estimate is $2.16 per share on revenue of $26.56 billion and the Earnings Whisper ® number is $2.21 per share. Investor sentiment going into the company's earnings release has 76% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 27.81% with revenue increasing by 11.21%. Short interest has decreased by 13.1% since the company's last earnings release while the stock has drifted higher by 8.5% from its open following the earnings release to be 2.2% above its 200 day moving average of $188.29. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, February 12, 2019 there was some notable buying of 11,051 contracts of the $165.00 put expiring on Friday, March 15, 2019. Option traders are pricing in a 3.6% move on earnings and the stock has averaged a 1.1% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Chesapeake Energy Corp. $2.60

Chesapeake Energy Corp. (CHK) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, February 27, 2019. The consensus earnings estimate is $0.17 per share on revenue of $1.04 billion and the Earnings Whisper ® number is $0.20 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 43.33% with revenue decreasing by 58.71%. Short interest has increased by 117.9% since the company's last earnings release while the stock has drifted lower by 22.2% from its open following the earnings release to be 33.4% below its 200 day moving average of $3.91. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, January 11, 2019 there was some notable buying of 5,346 contracts of the $7.00 call expiring on Friday, January 15, 2021. Option traders are pricing in a 14.4% move on earnings and the stock has averaged a 8.6% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Etsy, Inc. $56.67

Etsy, Inc. (ETSY) is confirmed to report earnings at approximately 4:05 PM ET on Monday, February 25, 2019. The consensus earnings estimate is $0.26 per share on revenue of $194.88 million and the Earnings Whisper ® number is $0.28 per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 73.33% with revenue increasing by 43.01%. Short interest has increased by 2.6% since the company's last earnings release while the stock has drifted higher by 22.6% from its open following the earnings release to be 25.1% above its 200 day moving average of $45.29. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, February 5, 2019 there was some notable buying of 2,590 contracts of the $55.00 put expiring on Friday, March 15, 2019. Option traders are pricing in a 11.6% move on earnings and the stock has averaged a 10.9% move in recent quarters.

(CLICK HERE FOR THE CHART!)

JD.com, Inc. $25.95

JD.com, Inc. (JD) is confirmed to report earnings at approximately 5:25 AM ET on Thursday, February 28, 2019. The consensus estimate is for a loss of $0.04 per share on revenue of $19.15 billion and the Earnings Whisper ® number is ($0.02) per share. Investor sentiment going into the company's earnings release has 60% expecting an earnings beat. Consensus estiamtes are for year-over-year revenue growth of 13.10%. Short interest has increased by 25.4% since the company's last earnings release while the stock has drifted higher by 15.6% from its open following the earnings release to be 9.9% below its 200 day moving average of $28.80. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, February 15, 2019 there was some notable buying of 17,853 contracts of the $30.00 call expiring on Thursday, April 18, 2019. Option traders are pricing in a 7.9% move on earnings and the stock has averaged a 4.4% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Macy's, Inc. $24.06

Macy's, Inc. (M) is confirmed to report earnings at approximately 8:00 AM ET on Tuesday, February 26, 2019. The consensus earnings estimate is $2.65 per share on revenue of $8.46 billion and the Earnings Whisper ® number is $2.60 per share. Investor sentiment going into the company's earnings release has 28% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 6.03% with revenue decreasing by 2.38%. Short interest has decreased by 12.4% since the company's last earnings release while the stock has drifted lower by 31.6% from its open following the earnings release to be 28.4% below its 200 day moving average of $33.59. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, February 22, 2019 there was some notable buying of 3,804 contracts of the $24.50 call expiring on Friday, March 1, 2019. Option traders are pricing in a 10.0% move on earnings and the stock has averaged a 9.8% move in recent quarters.

(CLICK HERE FOR THE CHART!)

McDermott International Inc. $7.74

McDermott International Inc. (MDR) is confirmed to report earnings at approximately 7:30 AM ET on Monday, February 25, 2019. The consensus earnings estimate is $0.21 per share on revenue of $2.70 billion and the Earnings Whisper ® number is $0.18 per share. Investor sentiment going into the company's earnings release has 62% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 110.00% with revenue increasing by 275.99%. Short interest has increased by 9.7% since the company's last earnings release while the stock has drifted lower by 15.0% from its open following the earnings release to be 48.2% below its 200 day moving average of $14.94. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, February 20, 2019 there was some notable buying of 22,689 contracts of the $8.00 call expiring on Friday, May 17, 2019. Option traders are pricing in a 17.4% move on earnings and the stock has averaged a 25.9% move in recent quarters.

(CLICK HERE FOR THE CHART!)

PG&E Corp. $18.77

PG&E Corp. (PCG) is confirmed to report earnings at approximately 8:45 AM ET on Thursday, February 28, 2019. The consensus earnings estimate is $0.62 per share on revenue of $4.29 billion. Investor sentiment going into the company's earnings release has 18% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 1.59% with revenue increasing by 4.63%. Short interest has increased by 122.1% since the company's last earnings release while the stock has drifted lower by 60.9% from its open following the earnings release to be 47.6% below its 200 day moving average of $35.85. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, January 24, 2019 there was some notable buying of 10,702 contracts of the $20.00 call expiring on Friday, January 17, 2020. Option traders are pricing in a 11.5% move on earnings and the stock has averaged a 2.1% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Fitbit, Inc. $6.70

Fitbit, Inc. (FIT) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, February 27, 2019. The consensus earnings estimate is $0.07 per share on revenue of $567.68 million and the Earnings Whisper ® number is $0.08 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat The company's guidance was for earnings of at least $0.07 per share on revenue of at least $560.00 million. Consensus estimates are for year-over-year earnings growth of 200.00% with revenue decreasing by 0.54%. Short interest has decreased by 27.1% since the company's last earnings release while the stock has drifted higher by 22.3% from its open following the earnings release to be 9.2% above its 200 day moving average of $6.13. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, February 5, 2019 there was some notable buying of 6,274 contracts of the $6.50 call expiring on Friday, March 1, 2019. Option traders are pricing in a 14.7% move on earnings and the stock has averaged a 13.0% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Amarin Corporation plc $19.87

Amarin Corporation plc (AMRN) is confirmed to report earnings at approximately 5:00 AM ET on Wednesday, February 27, 2019. The consensus estimate is for a loss of $0.08 per share on revenue of $74.45 million and the Earnings Whisper ® number is ($0.08) per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue increasing by 38.21%. Short interest has increased by 15.4% since the company's last earnings release while the stock has drifted lower by 4.8% from its open following the earnings release to be 89.6% above its 200 day moving average of $10.48. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, February 22, 2019 there was some notable buying of 35,406 contracts of the $20.00 call expiring on Thursday, April 18, 2019. Option traders are pricing in a 17.3% move on earnings and the stock has averaged a 4.6% move in recent quarters.

(CLICK HERE FOR THE CHART!)

DISCUSS!

What are you all watching for in this upcoming trading week ahead?
Have a fantastic weekend and a great trading week ahead to everyone here on StockMarket! :)
submitted by bigbear0083 to StockMarket [link] [comments]

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