Good Saturday morning to all of you here on r/StockMarket. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead.

Here is everything you need to know to get you ready for the trading week beginning April 13th, 2020.

Banks and health care companies will report earnings, but virus updates will matter most in week ahead – (Source)


Major banks and health care companies will be the first to reveal how the early weeks of the coronavirus shutdowns impacted their profits, outlook, work force and customers.


Earnings season begins in the week ahead, with JPMorgan, Wells Fargo and Johnson & Johnson among the first to release first quarter earnings reports Tuesday. But the stock market that appears to be willing to overlook anticipated bad news for now.


“Most of the slowdown occurred in March,” said Art Hogan, chief market strategist at National Securities. “Do we react to the hypernegative economic data we see? What we do react to is any semblance of guidance. There is no clarity about duration of the economic slowdown. You’re going to see a preponderance of companies pulling their guidance for the calendar year … I think it’s going to be more companies doing that, than not.”


Stocks bounced higher in the four-day pre-Easter holiday week, with the S&P 500 up 12.1%, in the best week since 1974. Investors reacted to signs that new cases of the virus may be peaking in U.S. hot spots and Europe. The stock market also got a boost Thursday from the Fed’s announcement of a $2.3 trillion in programs to help the economy.


The market will turn its focus to earnings in the coming week, but there are also some important economic reports, including March retail sales. The virus shutdowns resulted in a rapid closing of many retail establishments, a sudden drop off in gasoline sales, and a steep decline in auto sales. That has resulted in a forecast for a 7% decline in March retail sales.


“People are more interested in news about the spread of the virus than they are about the economic data,” said Hogan. “We got another massive increase in jobless claims. That’s ignored because we’re listening to who is plateauing … Is New York actually getting better and we see a peak? I get the feeling people are going to look at the first quarter earnings and say, ‘we know this and you should pull your guidance.’”


Before March, analysts had expected an increase of several percent in first quarter earnings. According to Refinitiv’s I/B/E/S, the forecasts and some actual numbers point to an 8.1% decline. For the second quarter, earnings are expected to decline about 20%, while economists expect an unprecedented 30% contraction in GDP during the quarter.


Weekly claims data will also be important, now with nearly 17 million claims filed in just three weeks. Economists expect millions more to be filed for the week ending April 11.


Other major banks report in the week ahead, including Citigroup, Bank of America and Goldman Sachs on Wednesday. Hogan said companies like JPMorgan may be able to reveal how the Fed’s programs are working, both those for small business lending and others that were intended to help the credit markets.


Earnings for financial companies are expected to be down 13.7%, according to I/B/E/S data. Communications services companies are expected to have fared the best in the first quarter, with an expected 7.8% earnings gain. Health care companies are expected to see a modest gain of 1.6%.


The market will also watch Johnson & Johnson and Abbott on Thursday, as they discuss not only their results but potential developments with coronavirus-related therapies or products. J&J is working on a potential coronavirus vaccine, while Abbott has a new test kit for the virus.


’That’s going to be the more intriguing aspect of the conference call when Abbott talks about their new test kit and how fast it is, and what they can produce,” said Hogan.


Analysts are also watching to see whether companies discuss ways they are cutting back costs. “As we go through the earnings season, what we’re concerned about is what companies are going to cut their dividends,” said Quincy Krosby, chief market strategist at Prudential Financial.


UBS Global Wealth Management strategists said in a note that 51 companies, accounting for 27% of 2019 aggregate buybacks, have suspended their repurchase programs. More capital was returned to shareholders via buybacks than dividends.


“As a result, dividend payout ratios are somewhat low compared to other regions. So despite the expected sharp decline in profits for 2020, we expect more modest dividend cuts of 6-8%,” the UBS strategists wrote. “For now, we are assuming that the Federal Reserve does not require US banks to cut or suspend their dividends. We expect further dividend cuts in the consumer discretionary, energy, and real estate sectors. Healthcare, segments of tech, and consumer staples will likely report token dividend increases.”


Krosby said as the earnings season goes on, investors will be watching ways the economy could begin to return to normal.


“The market is moving in phases right now. The most important phase is the virus itself,” she said. She said it will matter a lot that New York continues to show positives, like a plateauing of cases and fewer hospitalizations.


Eventually companies will be able to talk about moving forward . “Are they seeing anything in terms of green shoots? Any positives? These are going to be very important as we go through the earnings season,” Krosby said. “That is complimented by when do we lift the restrictions on going back to work, and the polling data will be critical on when Americans feel comfortable going back to work, going back to a more normal environment.”


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 Thursday's close:

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

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 Thursday's close:

(CLICK HERE FOR THE CHART!

Major Indices Rally Levels as of Thursday'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!)

Thursday's Stock Analyst Upgrades & Downgrades:

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

Big Annual Declines Are Rare

Stocks have rallied nicely off the March 23 lows on the back of a bold policy response from the Federal Reserve (Fed) and lawmakers in Washington, DC, which was followed by signs that a peak in growth of COVID-19 cases may come soon. At Wednesday’s close, the S&P 500 Index stood 19% above the March 23 closing low but down 17.7% for the year. That begs the question whether a positive year is possible with a pretty big hole still left to dig out of.

“A positive year for the S&P 500 is still possible but will require a steady recovery in economic growth and corporate profits in the second half of the year,” noted Jeffrey Buchbinder, LPL Financial Equity Strategist. “We remain hopeful that COVID-19 can be contained over the next month or two and enable the US economy to begin to open up early this summer, but it’s just too early to tell.”

As we see in the LPL Chart of the Day, big down years are rare. In fact, since 1950, the S&P 500 has fallen more than 15% just four times (1973-74, 2002, 2008).

(CLICK HERE FOR THE CHART!)

All indexes are unmanaged and cannot be invested into directly. Past performance is no guarantee of future results.

So might 2020 look like 2009, a big up year for stocks as the worst of the financial crisis passed and markets looked ahead to recovery? That year the S&P 500 was down 25% year to date before rallying to end the year higher. Or is this another 1973-74, or even 2000-2002, with stocks in the doldrums for an extended period?

Given the possibility that the bear market catalyst might be removed over the next couple of months, we expect the bear market recovery to be relatively swift by historical standards—potentially faster than the 20-month average and hopefully closer to the non-recession bear market recovery average of 10 months. The key to a possible rebound, beyond timely containment of COVID-19, will be investor confidence in recovery. The bold policy response, part of our Road to Recovery playbook, is helping bridge many businesses to the other side of the crisis.

We think chances are good that 2020 ends up being closer to the middle of the accompanying chart rather than the far left. During these uncertain times, it’s important for investors to keep in mind that markets are forward looking. The latest bounce off of the late-March lows provided evidence that market participants are doing just that. We don’t know if a durable stock market low is in just yet, and volatility may pick up again as more bad economic news and corporate stress is revealed. Our resolve is being tested, we but we remain optimistic about prospects for a strong recovery in the second half of the year.


Good Friday Trading: Strength Before Weakness After

Tradition can provide some solace in these historic and trying times. So as the Hirsch household grates fresh horseradish root among other family traditions to prepare for our first tele-Seder on Zoom for the first night of Passover tonight I like to wish everyone a sweet Passover and a happy, healthy and safe Easter.

In keeping with our traditional seasonality posts, here is the update on the trading patterns around the Good Friday NYSE Holiday. I took the picture above of the mosaic on the interior of the dome of the Church of the Holy Sepulchre in Old City of Jerusalem in August 2018 on our family trip for my oldest son’s bar mitzvah. It seemed apropos for today.

Good Friday is the one NYSE holiday with a clear positive bias before and negativity the day after. DJIA, S&P 500, NASDAQ and Russell 2000 all have solid average gains on the day before but are all net losers on the day after Easter since 1980. NASDAQ has been notably strong, up 18 of the last 19 days before Good Friday with the one loss occurring in 2017.

The day after Easter has the worst post-holiday record though average losses are steeper after Presidents’ Day. The S&P 500 was down 16 of 20 years from 1984-2003 on the day after Easter but is has been up eleven of the last sixteen years.

(CLICK HERE FOR THE CHART!)

Gold Up, Dollar Down

For a majority of the past year the US dollar has been fairly range bound, but the massive move away from risk assets more recently led to major buying for what is globally considered a safe haven currency. From its 52 week low and high on March 9th and March 20th, respectively, the dollar index rose 8.28%. But since that peak just before the equity market's bottom, the dollar index has come back down; currently ~3.25% below that high.

(CLICK HERE FOR THE CHART!)

With the dollar lower, another safe haven that tends to trade inversely has benefited: gold. Since late February, the yellow metal had struggled to break out to new highs, but this week it has finally broken out. Currently, gold is at its highest level since late 2012.

(CLICK HERE FOR THE CHART!)

All or Nothing Days on the Rise

We consider an 'all or nothing day' to be a day where the net daily breadth reading (daily advancing stocks minus declining stocks) for the S&P 500 is above +400 or below -400. While these types of days were practically non-existent in the 1990s, beginning in the early 2000s, their frequency started to rise with the increased popularity of trading in the S&P 500 ETF (SPY). Whereas investors used to buy and sell individual stocks, the increased popularity of SPY moved the market more towards the type of environment where investors were buying and selling the market.

All or nothing days also increase in frequency during periods of increased market volatility, and that trend has been no different this time around either. The chart below shows the 50-day moving average of all or nothing days going back to 1990. Over the last 50 trading days, more than a third of all trading days have been all or nothing days. The only two other times where the average was higher in the last thirty years were in December 2008 and November 2011. The average got close to current levels back in late 2015 and early 2016 but was never able to quite get above 33%.

(CLICK HERE FOR THE CHART!)

Looking at the frequency of all or nothing days on an annual basis shows another interesting trend. So far this year, there have been 19 all or nothing days for the S&P 500. We may be barely a quarter into 2020 so far, but this year's total already ranks above more than half of the 31 years since 1990. In fact, the S&P 500 is currently on pace to have 70 all or nothing days in 2020, which would tie 2011 for the most ever in a given year. It's only April, but 2020 is shaping up to be the year of record volatility.

(CLICK HERE FOR THE CHART!)

Volatility Remains High

Given the big rally off the lows of late March, we've had a number of questions related to the VIX and why it remains high. As of Tuesday afternoon, the VIX was in the mid-40s which is very high relative to readings over the last decade but actually down significantly from its recent highs above 80.

The reason the VIX is still in the 40s is because the market remains volatile. While volatility is typically associated with markets that are moving lower, it can actually go both ways, which is exactly what we're seeing now. The charts below do a good job of illustrating just how extraordinary the market's swings have been in recent weeks. In many cases, it's unlike anything anyone reading this has ever seen before.

Over the last five weeks, the S&P 500's average absolute daily percentage change has been +/-4.8%. That's higher than we saw at the height of the financial crisis, after the 1987 crash, and in the late stages of the Great Depression. The only time the S&P's average daily move over a five-week period was greater was after the Crash of 1929.

(CLICK HERE FOR THE CHART!)

Tuesday's rally also puts the S&P 500 on pace for its 13th straight day of moving up or down 1% or more. That's a longer streak than anything seen during the Financial Crisis and just two shy of the 15 straight days we saw in October 2002 at the lows of that bear market. Before that, though, the only other period where there was a longer streak of 1% daily moves was during the Great Depression.

(CLICK HERE FOR THE CHART!)

While 13 straight daily 1% moves is extreme by any measure, what makes this current streak even more notable is that it would be the second 13-day streak of 1% moves in the last 27 trading days. That's right, from 3/2 through 3/18, the S&P 500 went 13 straight days of moving up or down 1%. Then, on 3/19, the S&P 500 broke that streak by rallying just 0.47%. Since then, though, it's been 1% all the time again with the S&P 500 on pace for its 13 straight daily move of 1% again. Looking at this another way, in the last five weeks (25 trading days) the S&P 500 has seen a 1% move 24 times. The only other time that has occurred was during the Great Depression when there were two separate occurrences.

(CLICK HERE FOR THE CHART!)

Semis Holding Up Relative to Market

In a post yesterday, we noted that the relative strength of semiconductors versus energy had finally eclipsed its record high from the dot-com boom in March 2000. Semis have not only exhibited relative strength versus the energy sector; they've demonstrated strength versus the broader market as well. Take the relative strength of the Philadelphia Semiconductor Index (SOX) versus the S&P 500. In the early stages of the market decline from the February highs, semiconductors saw a sharp drop in their relative strength, but in late March, the SOX surged relative to the broader market and actually hit a record high on March 24th. With Technology playing an increased role in the stay-at-home and work-from-home economy, it makes sense that semis would hold up relatively well.

From that high on 3/24, we saw a modest pullback in the strength of the semis relative to the S&P 500, which then bounced again in recent days. Going forward, the key for the semis is over which level it breaks first. Will it be the March high or the short-term low three days later on 3/27 that followed. Whichever way it breaks will likely dictate which way the broader market goes as well.

(CLICK HERE FOR THE CHART!)

Health Care Gets No Booster Shot From Sanders

Bernie Sanders dropped out of the Presidential race today, and while his chances of ever securing the nomination were slim to none, his dropping out does reduce a small amount of uncertainty. The chart below illustrates this trend as the Vermont Senator's odds to win have dropped dramatically since Super Tuesday.

(CLICK HERE FOR THE CHART!)

As we have noted in the past, the odds of winning for the more progressive candidates on the Democratic ticket have typically had an inverse relationship to the Health Care sector's performance because their policies are more likely to shake up the business model of companies in this sector. Despite that relationship, Health Care stocks saw little in the way of a boost from Sanders dropping out of the race. There wasn't a single point in the trading day today where Health Care was the top-performing sector in the S&P 500, although its performance relative to the S&P 500 did pick up slightly in the afternoon after the Sanders announcement.

(CLICK HERE FOR THE CHART!)

STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending April 9th, 2020

(CLICK HERE FOR THE YOUTUBE VIDEO!)

STOCK MARKET VIDEO: ShadowTrader Video Weekly 4.12.20

(CLICK HERE FOR THE YOUTUBE VIDEO!)

Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-


  • $JPM
  • $JNJ
  • $RAD
  • $BAC
  • $WFC
  • $UNH
  • $CONN
  • $C
  • $APHA
  • $FAST
  • $ABT
  • $GS
  • $INFY
  • $BBBY
  • $TSM
  • $BLK
  • $PNC
  • $CBSH
  • $FRC
  • $PGR
  • $USB
  • $AMRN
  • $SLB
  • $LAKE
  • $ISRG
  • $LOVE
  • $BK
  • $JBHT
  • $KEY
  • $SON
  • $WIT
  • $KSU
  • $BLX
  • $STT
  • $GHG
  • $HOMB
  • $MUSA
  • $RF
  • $BMI
  • $WAFD
  • $CFG
  • $SRC
  • $MRTN

(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)
(CLICK HERE FOR THE MOST NOTABLE EARNINGS RELEASES FOR THE MONTH OF APRIL 2020!)

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 4.13.20 Before Market Open:

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

NONE.

Monday 4.13.20 After Market Close:

([CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())

NONE.


Tuesday 4.14.20 Before Market Open:

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

Tuesday 4.14.20 After Market Close:

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

Wednesday 4.15.20 Before Market Open:

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

Wednesday 4.15.20 After Market Close:

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

Thursday 4.16.20 Before Market Open:

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

Thursday 4.16.20 After Market Close:

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

NONE.


Friday 4.17.20 Before Market Open:

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

NONE.


Friday 4.17.20 After Market Close:

([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())

NONE.


JPMorgan Chase & Co. $102.76

**JPMorgan Chase & Co. (JPM) is confirmed to report earnings at approximately 6:55 AM ET on Tuesday, April 14, 2020. The consensus earnings estimate is $2.49 per share on revenue of $29.51 billion and the Earnings Whisper ® number is $2.48 per share. Investor sentiment going into the company's earnings release has 16% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 6.04% with revenue decreasing by 19.29%. Short interest has decreased by 7.4% since the company's last earnings release while the stock has drifted lower by 25.5% from its open following the earnings release to be 13.9% below its 200 day moving average of $119.38. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, April 9, 2020 there was some notable buying of 12,076 contracts of the $110.00 call expiring on Friday, April 17, 2020. Option traders are pricing in a 8.7% move on earnings and the stock has averaged a 2.0% move in recent quarters.

(CLICK HERE FOR THE CHART!)


Johnson & Johnson $141.23

**Johnson & Johnson (JNJ) is confirmed to report earnings at approximately 6:30 AM ET on Tuesday, April 14, 2020. The consensus earnings estimate is $2.08 per share on revenue of $20.48 billion and the Earnings Whisper ® number is $2.13 per share. Investor sentiment going into the company's earnings release has 50% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.95% with revenue increasing by 2.29%. Short interest has decreased by 18.1% since the company's last earnings release while the stock has drifted lower by 3.7% from its open following the earnings release to be 4.0% above its 200 day moving average of $135.79. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, March 25, 2020 there was some notable buying of 11,143 contracts of the $135.00 call expiring on Friday, May 15, 2020. Option traders are pricing in a 5.3% move on earnings and the stock has averaged a 1.4% move in recent quarters.

(CLICK HERE FOR THE CHART!)


Rite Aid Corp. $13.06

**Rite Aid Corp. (RAD) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, April 16, 2020. The consensus estimate is for a loss of $0.13 per share on revenue of $5.66 billion and the Earnings Whisper ® number is ($0.08) per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 1,200.00% with revenue increasing by 5.21%. Short interest has decreased by 6.2% since the company's last earnings release while the stock has drifted higher by 18.8% from its open following the earnings release to be 18.1% above its 200 day moving average of $11.06. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, March 30, 2020 there was some notable buying of 10,397 contracts of the $15.00 call expiring on Friday, July 17, 2020. Option traders are pricing in a 23.3% move on earnings and the stock has averaged a 21.6% move in recent quarters.

(CLICK HERE FOR THE CHART!)


Bank of America Corp. $24.86

**Bank of America Corp. (BAC) is confirmed to report earnings at approximately 6:45 AM ET on Wednesday, April 15, 2020. The consensus earnings estimate is $0.66 per share on revenue of $23.11 billion and the Earnings Whisper ® number is $0.68 per share. Investor sentiment going into the company's earnings release has 24% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 5.71% with revenue decreasing by 19.75%. The stock has drifted lower by 28.5% from its open following the earnings release to be 16.8% below its 200 day moving average of $29.87. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, April 7, 2020 there was some notable buying of 26,575 contracts of the $27.00 call expiring on Friday, December 18, 2020. Option traders are pricing in a 9.1% move on earnings and the stock has averaged a 2.2% move in recent quarters.

(CLICK HERE FOR THE CHART!)


Wells Fargo & Co. $33.20

**Wells Fargo & Co. (WFC) is confirmed to report earnings at approximately 8:00 AM ET on Tuesday, April 14, 2020. The consensus earnings estimate is $0.61 per share on revenue of $19.50 billion and the Earnings Whisper ® number is $0.60 per share. Investor sentiment going into the company's earnings release has 9% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 49.17% with revenue decreasing by 25.86%. Short interest has increased by 11.5% since the company's last earnings release while the stock has drifted lower by 33.9% from its open following the earnings release to be 30.0% below its 200 day moving average of $47.45. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, April 7, 2020 there was some notable buying of 15,714 contracts of the $35.00 call expiring on Friday, October 16, 2020. Option traders are pricing in a 10.4% move on earnings and the stock has averaged a 2.6% move in recent quarters.

(CLICK HERE FOR THE CHART!)


UnitedHealth Group, Inc. $264.13

**UnitedHealth Group, Inc. (UNH) is confirmed to report earnings at approximately 5:55 AM ET on Wednesday, April 15, 2020. The consensus earnings estimate is $3.65 per share on revenue of $64.67 billion and the Earnings Whisper ® number is $3.68 per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 2.14% with revenue increasing by 7.23%. Short interest has decreased by 33.4% since the company's last earnings release while the stock has drifted lower by 8.6% from its open following the earnings release to be 2.6% above its 200 day moving average of $257.40. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, March 25, 2020 there was some notable buying of 1,217 contracts of the $180.00 put expiring on Friday, June 19, 2020. Option traders are pricing in a 7.0% move on earnings and the stock has averaged a 4.3% move in recent quarters.

(CLICK HERE FOR THE CHART!)


Conn's, Inc. $4.19

**Conn's, Inc. (CONN) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, April 14, 2020. The consensus earnings estimate is $0.35 per share on revenue of $412.61 million and the Earnings Whisper ® number is $0.33 per share. Investor sentiment going into the company's earnings release has 35% expecting an earnings beat The company's guidance was for revenue of $394.00 million to $411.00 million. Consensus estimates are for earnings to decline year-over-year by 63.54% with revenue decreasing by 4.71%. Short interest has increased by 8.5% since the company's last earnings release while the stock has drifted lower by 72.1% from its open following the earnings release to be 74.8% below its 200 day moving average of $16.60. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 16.7% move on earnings in recent quarters.

(CLICK HERE FOR THE CHART!)


Citigroup, Inc. $47.41

**Citigroup, Inc. (C) is confirmed to report earnings at approximately 8:00 AM ET on Wednesday, April 15, 2020. The consensus earnings estimate is $1.90 per share on revenue of $19.34 billion and the Earnings Whisper ® number is $1.93 per share. Investor sentiment going into the company's earnings release has 34% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 1.60% with revenue decreasing by 25.31%. Short interest has increased by 26.0% since the company's last earnings release while the stock has drifted lower by 41.6% from its open following the earnings release to be 30.8% below its 200 day moving average of $68.55. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, April 8, 2020 there was some notable buying of 14,755 contracts of the $55.00 call expiring on Friday, June 19, 2020. Option traders are pricing in a 11.3% move on earnings and the stock has averaged a 1.5% move in recent quarters.

(CLICK HERE FOR THE CHART!)


Aphria Inc. $3.20

**Aphria Inc. (APHA) is confirmed to report earnings at approximately 6:00 AM ET on Wednesday, April 15, 2020. The consensus estimate is for a loss of $0.04 per share on revenue of $95.71 million and the Earnings Whisper ® number is ($0.03) per share. Investor sentiment going into the company's earnings release has 63% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 73.33% with revenue increasing by 73.27%. Short interest has increased by 7.9% since the company's last earnings release while the stock has drifted lower by 36.3% from its open following the earnings release to be 41.8% below its 200 day moving average of $5.50. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, March 26, 2020 there was some notable buying of 516 contracts of the $5.00 call expiring on Friday, October 16, 2020. Option traders are pricing in a 23.4% move on earnings and the stock has averaged a 18.8% move in recent quarters.

(CLICK HERE FOR THE CHART!)


Fastenal Co. $33.62

**Fastenal Co. (FAST) is confirmed to report earnings at approximately 6:50 AM ET on Tuesday, April 14, 2020. The consensus earnings estimate is $0.34 per share on revenue of $1.36 billion and the Earnings Whisper ® number is $0.31 per share. 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 50.00% with revenue increasing by 3.87%. Short interest has decreased by 6.7% since the company's last earnings release while the stock has drifted lower by 7.6% from its open following the earnings release to be 1.4% below its 200 day moving average of $34.11. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, April 1, 2020 there was some notable buying of 600 contracts of the $25.00 put expiring on Friday, May 15, 2020. Option traders are pricing in a 10.5% move on earnings and the stock has averaged a 6.6% move in recent quarters.

(CLICK HERE FOR THE CHART!)


DISCUSS!

What are you all watching for in this upcoming trading week?


I hope you all have a wonderful weekend and a great trading week ahead r/StockMarket.

submitted by /u/bigbear0083
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