![]() | submitted by rayanegracielle to u/rayanegracielle [link] [comments] |
![]() | IQ Option Account Verification ProcessIQ options trading has become the most popular nowadays. The first binary options were introduced by banks in 2008 and then online forex brokers started offering binary options to the public.IQ Option Trading is a very enormous platform for investing in virtual currencies and IQ Option is widely spreading platform for itself moreover it is producing a large amount of money in a minimum amount of investment. IQ Option Trading is now offering clients to trade Contracts for Difference (CFDs) on stocks, Cryptocurrencies, Exchange Traded Funds (ETFs), Forex, and a range of various digital options. As pragmatic currencies are being so popular and beneficial so in consequence that is remarkably boosting trades. In the upcoming years, this will produce more IQ Option Traders. https://preview.redd.it/ekh4fuk8oyi31.png?width=1000&format=png&auto=webp&s=15063d58d5e84b649fdd67bc3f26d5f72b987182 What is the minimum investment in IQ option?IQ Option allows you to start trading binary options with only $10 and the lowest minimum deposit among various binary options brokers Some other brokers necessitate you to deposit you at least $100, $250 or even higher, depending on account type.This trading allows opening an account from some different options which are completely based on the choices and requirements of the buyers. Types of the IQ Option Trading Account: • Demo Account • Standard Account • VIP Account Opening an IQ Option Account and verification process:Opening a new IQ Account is very easy, we are here to guiding you how you can start trading.It is a simple process. For opening an account you have to be of legal age. Before getting started you should make sure that you belong to the eligible country. IQ Option does not serve in many countries you can find the detailed list of the countries in which IQ option serves on their official website. Once you complete the eligibility process you can proceed with creating your account with IQ Option. You can register yourself with your own personal emails as well as your company’s email ID if you are an agency. After completing registration the next step will be verifying your Identity. Usually, traders find this account verification process frustrating and time-consuming, but trust me it worth it. IQ Option ensures safe endeavour of its traders. This Verification process help IQ Option in knowing that no one else is using your account and the person is an actually a human, not a spammer. This verification process is for one time, you need to prove your identity once, it will help you by preventing you from getting into any kind of fraud or trap. Here you are three steps far from opening your trading account:Step 1. Identity verification:This first step needs to verify your identity and for this, you must provide one document. For completing this process you can submit a scanned copy or a photo of your passport, ID card or a Driving License. If you are using your passport it should be scanned from the front side where your photograph is displayed and if you are using Identity card or driving licence scan them from both front and backside. Note: Make sure the document you are providing for verification has a clear photo and should not be expired Step 2. Address verification To verify your address or residence. You have to provide a scanned copy or with the photo of any of the following documents issued in your name. This verification needs your name with your address also this can not be older than 6 months, whichever document you will take for address verification must contain an issued company or banks logo on itself. For confirming your address you can choose followings: • Statement for a bank account or credit card account • Bill for utility services( electricity, telephone, water and other) • Document from the municipality confirming your address with an official stamp • Tax statement. Step 3. Bank card verification To prove your ownership of your bank account documents you must use a card which you use for your transaction. Requirements for providing a card. The card must contain your name. Note: your card must be scanned from both back and front sides. Your card contains your name and you should obscure the CVV and six digits from the card. All steps for verification of your Trading Account are easy. This is one of the requirements set by CySEC, IQ Options main regulator. Still, some traders find this process time consuming but this is necessary also, it prevents money laundering. If you wish to start trading in binary options you must verify IQ Option Trading Account. |
While virtually anyone could name a list of medical, scientific or technological things that have made the lives of today's generation better than that of people in the past, including people just one generation ago, it would be a challenge for even a highly informed person to name three ways in which our lives today are better as a result of the ideas of sociologists or deconstructionists.Like, he’s obviously correct about this. But couldn’t we say the same thing about, say, think tanks? I love a good policy white paper, but I can’t name three that have made a meaningful difference in my life.
![]() | Keeping this shorter than my last post. I'm tired and have work tomorrow on top of trying to daytrade a global financial crisis. Hopefully we won't have to have jobs much longer if these TQQQ puts print. submitted by Becausereasons1 to wallstreetbets [link] [comments] If you don't know about the Dark Pool Index or "DIX" go over to Their Website and read the white paper. If you have the IQ to understand it, this is a tool that can help confirm or lend useful info on what the next day brings. If you don't don't have the IQ to understand it then please stop trying to trade options. I'll still summarize it for you idiots so you'll have the capacity to finish the post. The Dark Index has 2 main parts: the DIX and the GEX. When plotted on the S&P they can be used together to track "dark pool" private exchanges. These are private exchanges where buying and selling occurs without immediately being reflected in the market. Market makers and big money use them and the effects fade into the market if you will. The DIX The GEX Generally folks have looked at the Dark Index as a way to gauge what the "institutions" are up to because the DIX value indicates either net buying or net selling. According to their white paper, a DIX value over 45% indicates dark pools are net buying. The GEX can be viewed as the "brakes" or "gas pedal" on whatever the DIX suggests depending on how high it is and in relative terms. What stands out on June 10 is one of the things that prompted me to call the top yesterday. The GEX posted a value of $9.6 billion that was in the top 10 highest prints since 2011. It was also the highest DIX/GEX combination EVER. This needed some added attention for sure. Generally there's an inverse correlation in the data between the DIX and GEX. Remember the GEX is a measure of MM's hedging obligations to remain "delta neutral" in the market. This took a little refresher on gamma exposure. So I wondered...Why on earth would we have a local S&P high with a DIX indicating a continued rally, but a GEX that is absurdly high? I also considered that the June 10 put/call ratio sat at .7 with an index put/call ratio of 1.33. So there's overall more call options in the market, but the indexes have drastically more puts? And market makers are hedging more than ever against a "sustained" rally? WTF is going on? I thought the DIX was supposed to tell us what the big money was up to? Ultimately I left the DIX a bit confused, but the high GEX and other factors strongly indicated a reversal was imminent. Then after the mayhem today I saw an interesting tweet and realized...WE ARE ALSO INCLUDED IN THE DIX. Ok, now knowing:
Conclusions: the trading activity typically reflected in the DIX/GEX no longer contains usual dark pool trader volume such as institutions and insiders. Despite a DIX value that should have indicated net buying/green we PLUMMETED. This leads me to believe retail is alone in this market and there's nothing but air under us once we stop bidding everything up and "buying the dip". Prediciton based on the conclusion above: The "buy the dip" gang makes a valiant effort tomorrow and we fall like a rock, thus confirming that big money is out and huge declines are in store. This idea will be nullified if we rally and stay green, which is what the DIX numbers from tonight would typically indicate |
Coming off a volatile week, analysts expect stocks to continue navigating choppy trading as investors try to build a view of what the economy will look like once states reopen.
Recent data on April employment and consumer spending show the worst declines in post-World War II America. More data in the coming week may reveal how the housing market fared in April, after the economy abruptly fell off a cliff when states shut down their economies in the second half of March.
Investors’ focus will also be on the government stimulus programs to help the economy and markets get through the coronavirus crisis. Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin appear before the Senate Banking Committee Tuesday, as it reviews the government’s trillions in spending to help the economy, businesses and individuals. An interview with Powell will also air on “60 Minutes” Sunday night.
Earnings season is winding down but there are a number of reports from major retailers, like Walmart and Target, which should show that the big box stores and discounters are making out better than other retailers as consumers halted many discretionary purchases and moved more shopping online.
The S&P 500 was down nearly 2.3%, in its worst week since March 20. The S&P ended at 2,863. The Dow was off about 2.6% for the week, in its worst week since April 3. It finished the week at 23,598. The Nasdaq also had its worst week since April 3.
Home sweet home
“Housing is going to be important in that you’ll see the chilling effect that Covid has had on housing as well, less on construction than on sales, but on both,” said Diane Swonk, chef economist at Grant Thornton. “That’s going to be an issue. One of the key things we’re watching going forward is the credit market and housing. There’s been a real tightening of credit because of the servicers.”
Swonk said the mortgage servicers are caught in the middle between the banks and people who aren’t making their payments. She said it has been impacting lending. “That’s something we cannot afford. Housing was on a tear before, and it has to pull us out of this,” she said.
Retail sales were down 16.4% in April, and there was an unevenness of performance across the sector. The only positive category was online shopping, up 8.4%. Clothing and accessories, the types of things department stores sell, fell by 78.8% in April. Building materials and garden equipment were down just 3.5%, and that could help Home Depot and Lowe’s which report earnings on Tuesday and Wednesday, respectively.
“Market reactions to the data have been somewhat muted,” said Patrick Leary, chief market strategist at Incapital. He said stocks on Friday were reacting negatively to threats from China that U.S. companies could be targeted if the U.S. does not ease up on Huawei. “The markets right now don’t need another reason to be pessimistic. It seems like both the bond market and stock market are getting a little tired. Both markets are looking for the next catalyst.”
Solvency concerns
The Fed has been given generally high marks for keeping markets liquid, but analysts say they are now more worried about the solvency of companies.
“There’s an interesting kind of threshold here as we’re approaching three months stay at homes or shelter in place. We’re moving from a liquidity challenge, which the Fed helped us address, to a solvency challenge,” said Michael Arone, chief market strategist at State Street Global Advisors. He said unpaid bills start to pile up and default rates rise on credit cards and mortgages.
“The longer this goes on, the harder for folks to make those payments. That’s why states are eager to open even if it has some risks,” Arone said.
The Fed on Friday said the pandemic poses severe risks to businesses of all sizes and millions of households. It said there could be a sharp rise in defaults as households struggle to pay bills.
Julian Emanuel, chief equity and derivatives strategist at BTIG, said the Federal Reserve has removed worries about liquidity with its facilities and asset purchases. “The reality is the solvency issue which is the bigger focus of the economy and they go hand in hand with the employment issues as things that have to be addressed at some point,” he said. “Look out over the next two months, the solvency issues are based on how the economy reopens and how that medical progress looks.”
Emanuel said the Fed’s corporate bond program has helped companies refinance and clean up their balance sheet so if insolvencies become a big problem it would not be until next year. He said how the economy reopens over the next few months will determine what happens.
“The numbers are out in front of us. We do believe based on what we’re seeing so far, this is the trough of every reading we’re seeing. We do believe things are going to get better. We don’t have reason to believe that’s not the case,” he said.
Emanuel said the reopenings would be graded as a ‘B’ of ‘B+’ based on how they appear to be going so far, including the infection rates. Nearly all states have resumed some level of activity.
But the market will continue to be choppy until there is more medical progress, such as a vaccine. In a sense, the market depends on science more than ever, Emanuel said.
“If all of a sudden, we have a commercially viable vaccine in the first half of next year that’s going to be injected into peoples’ arms prior to, or well before the fall of 2021, then I do think you could make the argument the market is potentially going to hit new all time highs,” Emanuel said.
Range bound
For now though, he sees the market as range bound, and the S&P 500 is currently about in the middle of it.
“We have been very adamant about the definition of this market as being neither bull nor bear. It’s bounded by the 200-day moving average on the top, which is basically 3,000 and the 200-week moving average on the bottom which is 2,667 right now,” said Emanuel.
Arone agrees stocks are going to be choppy, and could react to friction. He said one source of friction is the disagreement over state reopenings, between people who want to see a reopening and those that fear a new outbreak. He said there is also friction between Republicans and Democrats.
“I think until we get clarity that the economy is open and without incident and some of these economic numbers are improving, I think the market is going to remain choppy,” he said.
Emanuel said it makes sense for the market to remain in a sideways range while different issues are resolved.
“On a valuation basis, the market is expensive but it’s not so expensive if you assume this economic period is going to be over in a couple of quarters,” Emanuel said. “If you return to growth in the third and fourth quarter which we don’t necessarily know if that’s going to be robust, but we expect it to be better next year.”
He said he expects a recovery to be more shaped like a bathtub, than like a V or a U, meaning it would be elongated on the bottom before an upturn.
“Part of what actually supports the market is this abject negativity. When everyone is already pessimistic the presumption is they’ve already done a lot of their selling so there isn’t a ton of fuel for the downside there,” said Emanuel.
Retail sales numbers for April were released today, and the basic story was no surprise. Retail sales fell a record 16.4% in April, after declining 8.4% in March, already the largest decline since the government started keeping records in 1992.
The year-over-year decline of more than -21.6% has already topped the -11.5% seen during depths of the financial crisis, as shown in the accompanying chart. But there are hints that the decline has been heavily influenced by store closures rather than shoppers tightening their belts, and that might bode well for the future as the economy gradually starts to open up.
(CLICK HERE FOR THE CHART!)
“One of the reasons for the major decline in retail sales is simply because many businesses are closed,” said LPL Financial Chief Investment Officer Burt White. “As the economy slowly opens back up, retail sales should bounce back, as pent-up demand is there”
For the past two months, the economy experienced an 89% decline in apparel sales and a 59.2% decline in restaurant sales. These numbers capture the effects of businesses closing. The one area of the retail sales numbers that has done relatively well? Groceries had a record April as consumers stocked up and continued to show some strength in May.
While it will take time for retail sales to get back to normal, several factors are in play that should help support retail activity as the economy opens up. Pent-up demand is increasingly evident. Fiscal stimulus should help preserve incomes. And consumer balance sheets remain relatively healthy, with credit card debt declining the most in decades in March. While weakness will continue, April data may be the low point for retail sales, with good prospects for some strength in the second half of the year. A return to full strength will ultimately depend on the progress doctors and scientists make in limiting the dangers from COVID-19, but even the gradual opening up of the economy may show retail sales numbers starting to stabilize as early as next month.
As stocks rallied 30% off the March 23 lows and earnings expectations were cut dramatically, valuations have become increasingly concerning for many investors (including some high-profile hedge fund managers being quoted in the financial press).
As shown in the LPL Chart of the Day, the forward (next 12 months) price-to-earnings (PE) multiple for the S&P 500 Index recently eclipsed 20, which is overvalued based on historical averages and at the highest level since the tech bubble in the late 1990s.
(CLICK HERE FOR THE CHART!)
While stocks look expensive on this metric—one of the reasons why we expect a correction of perhaps 10% from the April 29 highs—valuations may be getting too much attention.
“Stocks look overvalued based on earnings estimates for the next year, which will probably fall further,” said LPL Financial Equity Strategist Jeffrey Buchbinder. “While the return to 2019’s earnings levels may still be two years or more off, the potential for steady improvement and low interest rates suggest they may not be as stretched as they appear.”
So how worried should investors be? Here are three reasons not to worry too much:
Stocks are expensive on traditional PE metrics, and a correction would not surprise us. But given the environment we’re in, valuations are not as worrisome as they may appear. The potential for a steady recovery in earnings over the next couple of years with low interest rates suggests that some of the valuation fears may be exaggerated.
- Earnings will eventually come back. This recession has an end date, and eventually we’ll beat this virus. So while earnings will take time to reach last year’s levels, they should steadily improve starting next quarter. A vaccine could accelerate the timetable.
- Interest rates and inflation are low. A 20 PE with a sub-1% yield on the 10-year Treasury without a whiff of inflation on the horizon is not unreasonable. And Federal Reserve support isn’t going away anytime soon. In such a low-rate environment, the opportunity cost of waiting an extra year for earnings to come through is not high. Most of a stock’s value is derived from the earnings the company could generate in year two and beyond.
- Valuations are not good short-term timing tools. There is essentially no statistical relationship between PE ratios and subsequent one-year performance for the stock market. Although we expect more volatility as the path of the economy and corporate profits becomes clearer, we also expect stocks to grow into their valuations as earnings likely recover next year.
Gold has done quite well so far in 2020, up more than 12% year to date versus the S&P 500 Index which is down about 10%. We started to warm to the yellow metal late last year and continue to think it can serve as a potential hedge in a well-diversified portfolio for suitable investors.
“From COVID-19, to massive monetary stimulus, to historically lower yields, to potentially negative fed funds rates down the road, there are many reasons to think gold could continue its recent strength,” explained LPL Financial Senior Market Strategist Ryan Detrick.
As shown in the LPL Chart of the Day, gold based for years before breaking out last year. This is a strong chart from a technical perspective and eventual new highs over the coming years could be quite likely.
(CLICK HERE FOR THE CHART!)
Initial Weekly Jobless Claims of 3.3 million, 6.9 million, 6.6 million, 5.2 million, 4.4 million, 3.8 million, 3.2 million and 3.0 million the past eight weeks, totaling 36.5 million, is astonishing. The good news is the trend is lower and as we pointed out in mid-April four weeks ago a spike peak in Initial Claims and an immediate precipitous retreat has been an effective indication of a bear market low over the years.
Today’s chart, presented above, is from the FRED database hosted by the Federal Reserve Bank of St. Louis compares the recent history of Jobless claims with the Wilshire 5000. (Gaps in the Wilshire index line are market holidays.) Clearly, the March 23 low and the spike high in Claims at the end of that week correlate quite well.
(CLICK HERE FOR THE CHART!)
The preliminary read on sentiment from the University of Michigan was a surprising bright spot in Friday's weak economic data as the headline reading improved from 71.8 up to 73.7 versus expectations for a decline to 68.0. Even with this increase, sentiment remains near a 10-year low, so it's not as though investors are actually positive, they're just less negative. While the increase in sentiment was a bit of a surprise, it makes sense. April was a month where the economy was essentially shut down, so the impact of that sudden stop on sentiment was intense. However, now that things have started to thaw a little bit, you can't fault people for becoming more optimistic.
(CLICK HERE FOR THE CHART!)
While consumers are feeling a bit better about the way things are, they are still extremely uneasy about the future. The chart below breaks down sentiment towards current conditions and expectations about the future. While the current conditions component showed some improvement, the expectations component saw further declines.
(CLICK HERE FOR THE CHART!)
One question in the monthly survey that caused us to do a double-take was the question that asks, "During the last few months, have you heard of any favorable or unfavorable changes in business conditions? And what did you hear?" In this month's survey, the index that tracks instances of unfavorable news mentions hit a record high of 141. This series goes all the way back to 1959, and never before has it been near current levels. The prior high for this index was back in the depths of the financial crisis when the index peaked at 133. There hasn't been much good news lately, but even this reading is extreme.
(CLICK HERE FOR THE CHART!)
In a post earlier today, we noted that individual investors still remain overwhelmingly bearish despite the equity market's rally off the March lows. Another sentiment indicator released by TD Ameritrade supports this view that investors aren't particularly bullish right now. The TD Ameritrade Investor Movement Index is a proprietary, behavior-based index created by TD Ameritrade designed to indicate the sentiment of individual investors’ portfolios. It measures what investors are actually doing, and how they are actually positioned in the markets.
The TD Ameritrade Investor Movement Index has been in existence since 2010, and in that entire history there have only been five months where the index was weaker than it is now, and that was from October 2011 through February 2012. That was also a period that marked a major low in the equity market and was followed by a nearly uninterrupted three-year rally in the S&P 500.
While the Investor Movement Index is near record lows right now, it has been weak for some time, and that weakness came even as the S&P 500 was climbing to record highs over the last 12-18 months. In other words, while investors are just about as cautious as they have been at any time in the last ten years, this conservatism is nothing new.
(CLICK HERE FOR THE CHART!)
- $WMT
- $BABA
- $NVDA
- $HD
- $NAT
- $TGT
- $LOW
- $SE
- $BIDU
- $BJ
- $M
- $AAP
- $IQ
- $TTWO
- $MDT
- $OAS
- $BBY
- $MCK
- $SOGO
- $TJX
- $INSE
- $SOHU
- $FL
- $DNR
- $EXPE
- $ADI
- $PANW
- $CBL
- $DE
- $KMDA
- $SPLK
- $HRL
- $INTU
- $EXP
- $WB
- $NIU
- $HZN
- $TNK
- $TRVG
- $IGT
- $BILI
- $OMP
- $URBN
- $SNPS
Monday 5.18.20 Before Market Open:
(CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Monday 5.18.20 After Market Close:
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Tuesday 5.19.20 Before Market Open:
(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Tuesday 5.19.20 After Market Close:
(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
Wednesday 5.20.20 Before Market Open:
(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Wednesday 5.20.20 After Market Close:
(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
Thursday 5.21.20 Before Market Open:
(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Thursday 5.21.20 After Market Close:
(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
Friday 5.22.20 Before Market Open:
(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Friday 5.22.20 After Market Close:
([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())
NONE.
Walmart Inc. (WMT) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, May 19, 2020. The consensus earnings estimate is $1.12 per share on revenue of $129.24 billion and the Earnings Whisper ® number is $1.19 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 0.88% with revenue increasing by 4.29%. Short interest has decreased by 30.6% since the company's last earnings release while the stock has drifted higher by 6.3% from its open following the earnings release to be 7.4% above its 200 day moving average of $117.32. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, May 15, 2020 there was some notable buying of 6,764 contracts of the $130.00 call expiring on Friday, May 22, 2020. Option traders are pricing in a 6.3% move on earnings and the stock has averaged a 2.2% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Alibaba Group Holding Ltd. (BABA) is confirmed to report earnings at approximately 4:00 AM ET on Friday, May 22, 2020. The consensus earnings estimate is $0.59 per share on revenue of $15.28 billion and the Earnings Whisper ® number is $0.78 per share. Investor sentiment going into the company's earnings release has 74% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 47.32% with revenue increasing by 9.68%. Short interest has increased by 5.0% since the company's last earnings release while the stock has drifted lower by 6.5% from its open following the earnings release to be 6.1% above its 200 day moving average of $191.97. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, May 4, 2020 there was some notable buying of 10,712 contracts of the $195.00 call expiring on Friday, September 18, 2020. Option traders are pricing in a 6.3% move on earnings and the stock has averaged a 2.5% move in recent quarters.
(CLICK HERE FOR THE CHART!)
NVIDIA Corp. (NVDA) is confirmed to report earnings at approximately 4:20 PM ET on Thursday, May 21, 2020. The consensus earnings estimate is $1.68 per share on revenue of $2.99 billion and the Earnings Whisper ® number is $1.77 per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat The company's guidance was for earnings of $1.61 to $1.81 per share. Consensus estimates are for year-over-year earnings growth of 95.35% with revenue increasing by 34.68%. The stock has drifted higher by 18.2% from its open following the earnings release to be 50.6% above its 200 day moving average of $225.48. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, May 15, 2020 there was some notable buying of 8,739 contracts of the $350.00 call expiring on Friday, May 22, 2020. Option traders are pricing in a 9.0% move on earnings and the stock has averaged a 6.6% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Home Depot, Inc. (HD) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, May 19, 2020. The consensus earnings estimate is $2.27 per share on revenue of $27.23 billion and the Earnings Whisper ® number is $2.29 per share. Investor sentiment going into the company's earnings release has 68% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue increasing by 3.22%. Short interest has increased by 17.0% since the company's last earnings release while the stock has drifted lower by 2.8% from its open following the earnings release to be 8.9% above its 200 day moving average of $219.75. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, May 12, 2020 there was some notable buying of 4,370 contracts of the $240.00 call expiring on Friday, July 17, 2020. Option traders are pricing in a 6.7% move on earnings and the stock has averaged a 2.0% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Nordic American Tankers Limited (NAT) is confirmed to report earnings at approximately 6:50 AM ET on Monday, May 18, 2020. The consensus earnings estimate is $0.25 per share on revenue of $81.33 million and the Earnings Whisper ® number is $0.28 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 525.00% with revenue increasing by 51.65%. Short interest has increased by 350.6% since the company's last earnings release while the stock has drifted higher by 45.8% from its open following the earnings release to be 43.5% above its 200 day moving average of $3.51. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, May 13, 2020 there was some notable buying of 12,413 contracts of the $5.00 call expiring on Friday, June 19, 2020. Option traders are pricing in a 14.9% move on earnings and the stock has averaged a 4.2% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Target Corp. (TGT) is confirmed to report earnings at approximately 6:30 AM ET on Wednesday, May 20, 2020. The consensus earnings estimate is $0.73 per share on revenue of $18.77 billion and the Earnings Whisper ® number is $0.74 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat The company's guidance was for earnings of $1.55 to $1.75 per share. Consensus estimates are for earnings to decline year-over-year by 52.29% with revenue increasing by 6.48%. Short interest has increased by 49.6% since the company's last earnings release while the stock has drifted higher by 8.0% from its open following the earnings release to be 10.3% above its 200 day moving average of $109.67. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, May 12, 2020 there was some notable buying of 4,695 contracts of the $115.00 put expiring on Friday, June 19, 2020. Option traders are pricing in a 8.8% move on earnings and the stock has averaged a 9.4% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Lowe's Companies, Inc. (LOW) is confirmed to report earnings at approximately 6:00 AM ET on Wednesday, May 20, 2020. The consensus earnings estimate is $1.30 per share on revenue of $18.13 billion and the Earnings Whisper ® number is $1.35 per share. Investor sentiment going into the company's earnings release has 68% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 6.56% with revenue increasing by 2.19%. Short interest has decreased by 7.1% since the company's last earnings release while the stock has drifted lower by 4.5% from its open following the earnings release to be 5.0% above its 200 day moving average of $108.36. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, May 8, 2020 there was some notable buying of 10,626 contracts of the $120.00 call expiring on Friday, May 22, 2020. Option traders are pricing in a 11.5% move on earnings and the stock has averaged a 7.0% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Sea Limited (SE) is confirmed to report earnings at approximately 6:30 AM ET on Monday, May 18, 2020. The consensus estimate is for a loss of $0.38 per share on revenue of $920.90 million and the Earnings Whisper ® number is ($0.22) per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 15.56% with revenue increasing by 161.72%. Short interest has increased by 12.1% since the company's last earnings release while the stock has drifted higher by 25.0% from its open following the earnings release to be 53.4% above its 200 day moving average of $40.39. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, May 15, 2020 there was some notable buying of 1,969 contracts of the $64.00 call expiring on Friday, May 22, 2020. Option traders are pricing in a 13.4% move on earnings and the stock has averaged a 15.6% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Baidu, Inc. (BIDU) is confirmed to report earnings at approximately 4:30 PM ET on Monday, May 18, 2020. The consensus earnings estimate is $0.64 per share on revenue of $3.13 billion and the Earnings Whisper ® number is $0.73 per share. Investor sentiment going into the company's earnings release has 70% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 10.34% with revenue decreasing by 12.91%. Short interest has decreased by 5.2% since the company's last earnings release while the stock has drifted lower by 13.2% from its open following the earnings release to be 10.5% below its 200 day moving average of $111.53. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, May 15, 2020 there was some notable buying of 1,957 contracts of the $110.00 call expiring on Friday, May 22, 2020. Option traders are pricing in a 9.8% move on earnings and the stock has averaged a 6.8% move in recent quarters.
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BJ's Wholesale Club, Inc. (BJ) is confirmed to report earnings at approximately 6:45 AM ET on Thursday, May 21, 2020. The consensus earnings estimate is $0.34 per share on revenue of $3.25 billion and the Earnings Whisper ® number is $0.35 per share. Investor sentiment going into the company's earnings release has 68% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 30.77% with revenue increasing by 3.40%. Short interest has decreased by 6.7% since the company's last earnings release while the stock has drifted higher by 35.4% from its open following the earnings release to be 16.7% above its 200 day moving average of $24.37. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, May 13, 2020 there was some notable buying of 5,866 contracts of the $35.00 call expiring on Friday, June 19, 2020. Option traders are pricing in a 21.2% move on earnings and the stock has averaged a 8.2% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Coming off a volatile week, analysts expect stocks to continue navigating choppy trading as investors try to build a view of what the economy will look like once states reopen.
Recent data on April employment and consumer spending show the worst declines in post-World War II America. More data in the coming week may reveal how the housing market fared in April, after the economy abruptly fell off a cliff when states shut down their economies in the second half of March.
Investors’ focus will also be on the government stimulus programs to help the economy and markets get through the coronavirus crisis. Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin appear before the Senate Banking Committee Tuesday, as it reviews the government’s trillions in spending to help the economy, businesses and individuals. An interview with Powell will also air on “60 Minutes” Sunday night.
Earnings season is winding down but there are a number of reports from major retailers, like Walmart and Target, which should show that the big box stores and discounters are making out better than other retailers as consumers halted many discretionary purchases and moved more shopping online.
The S&P 500 was down nearly 2.3%, in its worst week since March 20. The S&P ended at 2,863. The Dow was off about 2.6% for the week, in its worst week since April 3. It finished the week at 23,598. The Nasdaq also had its worst week since April 3.
Home sweet home
“Housing is going to be important in that you’ll see the chilling effect that Covid has had on housing as well, less on construction than on sales, but on both,” said Diane Swonk, chef economist at Grant Thornton. “That’s going to be an issue. One of the key things we’re watching going forward is the credit market and housing. There’s been a real tightening of credit because of the servicers.”
Swonk said the mortgage servicers are caught in the middle between the banks and people who aren’t making their payments. She said it has been impacting lending. “That’s something we cannot afford. Housing was on a tear before, and it has to pull us out of this,” she said.
Retail sales were down 16.4% in April, and there was an unevenness of performance across the sector. The only positive category was online shopping, up 8.4%. Clothing and accessories, the types of things department stores sell, fell by 78.8% in April. Building materials and garden equipment were down just 3.5%, and that could help Home Depot and Lowe’s which report earnings on Tuesday and Wednesday, respectively.
“Market reactions to the data have been somewhat muted,” said Patrick Leary, chief market strategist at Incapital. He said stocks on Friday were reacting negatively to threats from China that U.S. companies could be targeted if the U.S. does not ease up on Huawei. “The markets right now don’t need another reason to be pessimistic. It seems like both the bond market and stock market are getting a little tired. Both markets are looking for the next catalyst.”
Solvency concerns
The Fed has been given generally high marks for keeping markets liquid, but analysts say they are now more worried about the solvency of companies.
“There’s an interesting kind of threshold here as we’re approaching three months stay at homes or shelter in place. We’re moving from a liquidity challenge, which the Fed helped us address, to a solvency challenge,” said Michael Arone, chief market strategist at State Street Global Advisors. He said unpaid bills start to pile up and default rates rise on credit cards and mortgages.
“The longer this goes on, the harder for folks to make those payments. That’s why states are eager to open even if it has some risks,” Arone said.
The Fed on Friday said the pandemic poses severe risks to businesses of all sizes and millions of households. It said there could be a sharp rise in defaults as households struggle to pay bills.
Julian Emanuel, chief equity and derivatives strategist at BTIG, said the Federal Reserve has removed worries about liquidity with its facilities and asset purchases. “The reality is the solvency issue which is the bigger focus of the economy and they go hand in hand with the employment issues as things that have to be addressed at some point,” he said. “Look out over the next two months, the solvency issues are based on how the economy reopens and how that medical progress looks.”
Emanuel said the Fed’s corporate bond program has helped companies refinance and clean up their balance sheet so if insolvencies become a big problem it would not be until next year. He said how the economy reopens over the next few months will determine what happens.
“The numbers are out in front of us. We do believe based on what we’re seeing so far, this is the trough of every reading we’re seeing. We do believe things are going to get better. We don’t have reason to believe that’s not the case,” he said.
Emanuel said the reopenings would be graded as a ‘B’ of ‘B+’ based on how they appear to be going so far, including the infection rates. Nearly all states have resumed some level of activity.
But the market will continue to be choppy until there is more medical progress, such as a vaccine. In a sense, the market depends on science more than ever, Emanuel said.
“If all of a sudden, we have a commercially viable vaccine in the first half of next year that’s going to be injected into peoples’ arms prior to, or well before the fall of 2021, then I do think you could make the argument the market is potentially going to hit new all time highs,” Emanuel said.
Range bound
For now though, he sees the market as range bound, and the S&P 500 is currently about in the middle of it.
“We have been very adamant about the definition of this market as being neither bull nor bear. It’s bounded by the 200-day moving average on the top, which is basically 3,000 and the 200-week moving average on the bottom which is 2,667 right now,” said Emanuel.
Arone agrees stocks are going to be choppy, and could react to friction. He said one source of friction is the disagreement over state reopenings, between people who want to see a reopening and those that fear a new outbreak. He said there is also friction between Republicans and Democrats.
“I think until we get clarity that the economy is open and without incident and some of these economic numbers are improving, I think the market is going to remain choppy,” he said.
Emanuel said it makes sense for the market to remain in a sideways range while different issues are resolved.
“On a valuation basis, the market is expensive but it’s not so expensive if you assume this economic period is going to be over in a couple of quarters,” Emanuel said. “If you return to growth in the third and fourth quarter which we don’t necessarily know if that’s going to be robust, but we expect it to be better next year.”
He said he expects a recovery to be more shaped like a bathtub, than like a V or a U, meaning it would be elongated on the bottom before an upturn.
“Part of what actually supports the market is this abject negativity. When everyone is already pessimistic the presumption is they’ve already done a lot of their selling so there isn’t a ton of fuel for the downside there,” said Emanuel.
Retail sales numbers for April were released today, and the basic story was no surprise. Retail sales fell a record 16.4% in April, after declining 8.4% in March, already the largest decline since the government started keeping records in 1992.
The year-over-year decline of more than -21.6% has already topped the -11.5% seen during depths of the financial crisis, as shown in the accompanying chart. But there are hints that the decline has been heavily influenced by store closures rather than shoppers tightening their belts, and that might bode well for the future as the economy gradually starts to open up.
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“One of the reasons for the major decline in retail sales is simply because many businesses are closed,” said LPL Financial Chief Investment Officer Burt White. “As the economy slowly opens back up, retail sales should bounce back, as pent-up demand is there”
For the past two months, the economy experienced an 89% decline in apparel sales and a 59.2% decline in restaurant sales. These numbers capture the effects of businesses closing. The one area of the retail sales numbers that has done relatively well? Groceries had a record April as consumers stocked up and continued to show some strength in May.
While it will take time for retail sales to get back to normal, several factors are in play that should help support retail activity as the economy opens up. Pent-up demand is increasingly evident. Fiscal stimulus should help preserve incomes. And consumer balance sheets remain relatively healthy, with credit card debt declining the most in decades in March. While weakness will continue, April data may be the low point for retail sales, with good prospects for some strength in the second half of the year. A return to full strength will ultimately depend on the progress doctors and scientists make in limiting the dangers from COVID-19, but even the gradual opening up of the economy may show retail sales numbers starting to stabilize as early as next month.
As stocks rallied 30% off the March 23 lows and earnings expectations were cut dramatically, valuations have become increasingly concerning for many investors (including some high-profile hedge fund managers being quoted in the financial press).
As shown in the LPL Chart of the Day, the forward (next 12 months) price-to-earnings (PE) multiple for the S&P 500 Index recently eclipsed 20, which is overvalued based on historical averages and at the highest level since the tech bubble in the late 1990s.
(CLICK HERE FOR THE CHART!)
While stocks look expensive on this metric—one of the reasons why we expect a correction of perhaps 10% from the April 29 highs—valuations may be getting too much attention.
“Stocks look overvalued based on earnings estimates for the next year, which will probably fall further,” said LPL Financial Equity Strategist Jeffrey Buchbinder. “While the return to 2019’s earnings levels may still be two years or more off, the potential for steady improvement and low interest rates suggest they may not be as stretched as they appear.”
So how worried should investors be? Here are three reasons not to worry too much:
Stocks are expensive on traditional PE metrics, and a correction would not surprise us. But given the environment we’re in, valuations are not as worrisome as they may appear. The potential for a steady recovery in earnings over the next couple of years with low interest rates suggests that some of the valuation fears may be exaggerated.
- Earnings will eventually come back. This recession has an end date, and eventually we’ll beat this virus. So while earnings will take time to reach last year’s levels, they should steadily improve starting next quarter. A vaccine could accelerate the timetable.
- Interest rates and inflation are low. A 20 PE with a sub-1% yield on the 10-year Treasury without a whiff of inflation on the horizon is not unreasonable. And Federal Reserve support isn’t going away anytime soon. In such a low-rate environment, the opportunity cost of waiting an extra year for earnings to come through is not high. Most of a stock’s value is derived from the earnings the company could generate in year two and beyond.
- Valuations are not good short-term timing tools. There is essentially no statistical relationship between PE ratios and subsequent one-year performance for the stock market. Although we expect more volatility as the path of the economy and corporate profits becomes clearer, we also expect stocks to grow into their valuations as earnings likely recover next year.
Gold has done quite well so far in 2020, up more than 12% year to date versus the S&P 500 Index which is down about 10%. We started to warm to the yellow metal late last year and continue to think it can serve as a potential hedge in a well-diversified portfolio for suitable investors.
“From COVID-19, to massive monetary stimulus, to historically lower yields, to potentially negative fed funds rates down the road, there are many reasons to think gold could continue its recent strength,” explained LPL Financial Senior Market Strategist Ryan Detrick.
As shown in the LPL Chart of the Day, gold based for years before breaking out last year. This is a strong chart from a technical perspective and eventual new highs over the coming years could be quite likely.
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Initial Weekly Jobless Claims of 3.3 million, 6.9 million, 6.6 million, 5.2 million, 4.4 million, 3.8 million, 3.2 million and 3.0 million the past eight weeks, totaling 36.5 million, is astonishing. The good news is the trend is lower and as we pointed out in mid-April four weeks ago a spike peak in Initial Claims and an immediate precipitous retreat has been an effective indication of a bear market low over the years.
Today’s chart, presented above, is from the FRED database hosted by the Federal Reserve Bank of St. Louis compares the recent history of Jobless claims with the Wilshire 5000. (Gaps in the Wilshire index line are market holidays.) Clearly, the March 23 low and the spike high in Claims at the end of that week correlate quite well.
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The preliminary read on sentiment from the University of Michigan was a surprising bright spot in Friday's weak economic data as the headline reading improved from 71.8 up to 73.7 versus expectations for a decline to 68.0. Even with this increase, sentiment remains near a 10-year low, so it's not as though investors are actually positive, they're just less negative. While the increase in sentiment was a bit of a surprise, it makes sense. April was a month where the economy was essentially shut down, so the impact of that sudden stop on sentiment was intense. However, now that things have started to thaw a little bit, you can't fault people for becoming more optimistic.
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While consumers are feeling a bit better about the way things are, they are still extremely uneasy about the future. The chart below breaks down sentiment towards current conditions and expectations about the future. While the current conditions component showed some improvement, the expectations component saw further declines.
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One question in the monthly survey that caused us to do a double-take was the question that asks, "During the last few months, have you heard of any favorable or unfavorable changes in business conditions? And what did you hear?" In this month's survey, the index that tracks instances of unfavorable news mentions hit a record high of 141. This series goes all the way back to 1959, and never before has it been near current levels. The prior high for this index was back in the depths of the financial crisis when the index peaked at 133. There hasn't been much good news lately, but even this reading is extreme.
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In a post earlier today, we noted that individual investors still remain overwhelmingly bearish despite the equity market's rally off the March lows. Another sentiment indicator released by TD Ameritrade supports this view that investors aren't particularly bullish right now. The TD Ameritrade Investor Movement Index is a proprietary, behavior-based index created by TD Ameritrade designed to indicate the sentiment of individual investors’ portfolios. It measures what investors are actually doing, and how they are actually positioned in the markets.
The TD Ameritrade Investor Movement Index has been in existence since 2010, and in that entire history there have only been five months where the index was weaker than it is now, and that was from October 2011 through February 2012. That was also a period that marked a major low in the equity market and was followed by a nearly uninterrupted three-year rally in the S&P 500.
While the Investor Movement Index is near record lows right now, it has been weak for some time, and that weakness came even as the S&P 500 was climbing to record highs over the last 12-18 months. In other words, while investors are just about as cautious as they have been at any time in the last ten years, this conservatism is nothing new.
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- $WMT
- $BABA
- $NVDA
- $HD
- $NAT
- $TGT
- $LOW
- $SE
- $BIDU
- $BJ
- $M
- $AAP
- $IQ
- $TTWO
- $MDT
- $OAS
- $BBY
- $MCK
- $SOGO
- $TJX
- $INSE
- $SOHU
- $FL
- $DNR
- $EXPE
- $ADI
- $PANW
- $CBL
- $DE
- $KMDA
- $SPLK
- $HRL
- $INTU
- $EXP
- $WB
- $NIU
- $HZN
- $TNK
- $TRVG
- $IGT
- $BILI
- $OMP
- $URBN
- $SNPS
Monday 5.18.20 Before Market Open:
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Monday 5.18.20 After Market Close:
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Tuesday 5.19.20 Before Market Open:
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Tuesday 5.19.20 After Market Close:
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Wednesday 5.20.20 Before Market Open:
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Wednesday 5.20.20 After Market Close:
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Thursday 5.21.20 Before Market Open:
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Thursday 5.21.20 After Market Close:
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Friday 5.22.20 Before Market Open:
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Friday 5.22.20 After Market Close:
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NONE.
Walmart Inc. (WMT) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, May 19, 2020. The consensus earnings estimate is $1.12 per share on revenue of $129.24 billion and the Earnings Whisper ® number is $1.19 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 0.88% with revenue increasing by 4.29%. Short interest has decreased by 30.6% since the company's last earnings release while the stock has drifted higher by 6.3% from its open following the earnings release to be 7.4% above its 200 day moving average of $117.32. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, May 15, 2020 there was some notable buying of 6,764 contracts of the $130.00 call expiring on Friday, May 22, 2020. Option traders are pricing in a 6.3% move on earnings and the stock has averaged a 2.2% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Alibaba Group Holding Ltd. (BABA) is confirmed to report earnings at approximately 4:00 AM ET on Friday, May 22, 2020. The consensus earnings estimate is $0.59 per share on revenue of $15.28 billion and the Earnings Whisper ® number is $0.78 per share. Investor sentiment going into the company's earnings release has 74% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 47.32% with revenue increasing by 9.68%. Short interest has increased by 5.0% since the company's last earnings release while the stock has drifted lower by 6.5% from its open following the earnings release to be 6.1% above its 200 day moving average of $191.97. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, May 4, 2020 there was some notable buying of 10,712 contracts of the $195.00 call expiring on Friday, September 18, 2020. Option traders are pricing in a 6.3% move on earnings and the stock has averaged a 2.5% move in recent quarters.
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NVIDIA Corp. (NVDA) is confirmed to report earnings at approximately 4:20 PM ET on Thursday, May 21, 2020. The consensus earnings estimate is $1.68 per share on revenue of $2.99 billion and the Earnings Whisper ® number is $1.77 per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat The company's guidance was for earnings of $1.61 to $1.81 per share. Consensus estimates are for year-over-year earnings growth of 95.35% with revenue increasing by 34.68%. The stock has drifted higher by 18.2% from its open following the earnings release to be 50.6% above its 200 day moving average of $225.48. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, May 15, 2020 there was some notable buying of 8,739 contracts of the $350.00 call expiring on Friday, May 22, 2020. Option traders are pricing in a 9.0% move on earnings and the stock has averaged a 6.6% move in recent quarters.
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Home Depot, Inc. (HD) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, May 19, 2020. The consensus earnings estimate is $2.27 per share on revenue of $27.23 billion and the Earnings Whisper ® number is $2.29 per share. Investor sentiment going into the company's earnings release has 68% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue increasing by 3.22%. Short interest has increased by 17.0% since the company's last earnings release while the stock has drifted lower by 2.8% from its open following the earnings release to be 8.9% above its 200 day moving average of $219.75. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, May 12, 2020 there was some notable buying of 4,370 contracts of the $240.00 call expiring on Friday, July 17, 2020. Option traders are pricing in a 6.7% move on earnings and the stock has averaged a 2.0% move in recent quarters.
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Nordic American Tankers Limited (NAT) is confirmed to report earnings at approximately 6:50 AM ET on Monday, May 18, 2020. The consensus earnings estimate is $0.25 per share on revenue of $81.33 million and the Earnings Whisper ® number is $0.28 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 525.00% with revenue increasing by 51.65%. Short interest has increased by 350.6% since the company's last earnings release while the stock has drifted higher by 45.8% from its open following the earnings release to be 43.5% above its 200 day moving average of $3.51. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, May 13, 2020 there was some notable buying of 12,413 contracts of the $5.00 call expiring on Friday, June 19, 2020. Option traders are pricing in a 14.9% move on earnings and the stock has averaged a 4.2% move in recent quarters.
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Target Corp. (TGT) is confirmed to report earnings at approximately 6:30 AM ET on Wednesday, May 20, 2020. The consensus earnings estimate is $0.73 per share on revenue of $18.77 billion and the Earnings Whisper ® number is $0.74 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat The company's guidance was for earnings of $1.55 to $1.75 per share. Consensus estimates are for earnings to decline year-over-year by 52.29% with revenue increasing by 6.48%. Short interest has increased by 49.6% since the company's last earnings release while the stock has drifted higher by 8.0% from its open following the earnings release to be 10.3% above its 200 day moving average of $109.67. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, May 12, 2020 there was some notable buying of 4,695 contracts of the $115.00 put expiring on Friday, June 19, 2020. Option traders are pricing in a 8.8% move on earnings and the stock has averaged a 9.4% move in recent quarters.
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Lowe's Companies, Inc. (LOW) is confirmed to report earnings at approximately 6:00 AM ET on Wednesday, May 20, 2020. The consensus earnings estimate is $1.30 per share on revenue of $18.13 billion and the Earnings Whisper ® number is $1.35 per share. Investor sentiment going into the company's earnings release has 68% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 6.56% with revenue increasing by 2.19%. Short interest has decreased by 7.1% since the company's last earnings release while the stock has drifted lower by 4.5% from its open following the earnings release to be 5.0% above its 200 day moving average of $108.36. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, May 8, 2020 there was some notable buying of 10,626 contracts of the $120.00 call expiring on Friday, May 22, 2020. Option traders are pricing in a 11.5% move on earnings and the stock has averaged a 7.0% move in recent quarters.
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Sea Limited (SE) is confirmed to report earnings at approximately 6:30 AM ET on Monday, May 18, 2020. The consensus estimate is for a loss of $0.38 per share on revenue of $920.90 million and the Earnings Whisper ® number is ($0.22) per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 15.56% with revenue increasing by 161.72%. Short interest has increased by 12.1% since the company's last earnings release while the stock has drifted higher by 25.0% from its open following the earnings release to be 53.4% above its 200 day moving average of $40.39. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, May 15, 2020 there was some notable buying of 1,969 contracts of the $64.00 call expiring on Friday, May 22, 2020. Option traders are pricing in a 13.4% move on earnings and the stock has averaged a 15.6% move in recent quarters.
(CLICK HERE FOR THE CHART!)
Baidu, Inc. (BIDU) is confirmed to report earnings at approximately 4:30 PM ET on Monday, May 18, 2020. The consensus earnings estimate is $0.64 per share on revenue of $3.13 billion and the Earnings Whisper ® number is $0.73 per share. Investor sentiment going into the company's earnings release has 70% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 10.34% with revenue decreasing by 12.91%. Short interest has decreased by 5.2% since the company's last earnings release while the stock has drifted lower by 13.2% from its open following the earnings release to be 10.5% below its 200 day moving average of $111.53. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, May 15, 2020 there was some notable buying of 1,957 contracts of the $110.00 call expiring on Friday, May 22, 2020. Option traders are pricing in a 9.8% move on earnings and the stock has averaged a 6.8% move in recent quarters.
(CLICK HERE FOR THE CHART!)
BJ's Wholesale Club, Inc. (BJ) is confirmed to report earnings at approximately 6:45 AM ET on Thursday, May 21, 2020. The consensus earnings estimate is $0.34 per share on revenue of $3.25 billion and the Earnings Whisper ® number is $0.35 per share. Investor sentiment going into the company's earnings release has 68% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 30.77% with revenue increasing by 3.40%. Short interest has decreased by 6.7% since the company's last earnings release while the stock has drifted higher by 35.4% from its open following the earnings release to be 16.7% above its 200 day moving average of $24.37. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, May 13, 2020 there was some notable buying of 5,866 contracts of the $35.00 call expiring on Friday, June 19, 2020. Option traders are pricing in a 21.2% move on earnings and the stock has averaged a 8.2% move in recent quarters.
(CLICK HERE FOR THE CHART!)
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