December 8, 2015 Market Wrap Up

December 8, 2015 tvcuser Education, Trading ALMP, BABA, Data, Earnings, Economic, education, Events, KMI, NGL, S&P 500, SAN, TIME, VIX, WYNN, YHOO

The S&P 500 closed lower, now making it four out of five down days. Oil has been dominating headlines as it has hit multi-year lows. In addition, many oil-related stocks were in play today, specifically, MLPs.

Kinder Morgan (KMI) -11%, NGL Energy Partners (NGL) -9%, Alerian MLP ETF (AMLP) +1.7%.

In the after hours, we got news out of Wynn Resorts (WYNN), CEO, Steve Wynn announced that he bought 1 million shares in the open market. The stock is up more than 5%. Also, Yahoo (YHOO) announced that it will not plan to move ahead on the Alibaba (BABA) spinoff. The stock price is up more than 2.5% in extended hours trading.

The VIX took off, closing the day 11% higher at 17.60.

On the options front, we saw large call buying activity in Time Inc (TIME). We also saw massive put buyers in Banco Santander (SAN).

Here’s what is going for the rest of the week:

Key Economic Data:
10 December 2015- Jobless Claims 8:30 AM ET
11 December 2015- Jobless Claims 8:30 AM ET
12 December 2015- PPI 8:30 AM ET, Retail Sales 8:30 AM ET

Key Earnings:
09 December 2015- FRAN, MW, VRA
10 December 2015- CIEN, ADBE, FNSR, NCS

Key Events:
07 December 2015- Raymond James Tech & Communications Conference (runs til 12/09), UBS Global Media & Communications Conference (runs til 12/09), Wells Fargo Energy Symposium (runs til 12/09)
08 December 2015- Barclays Global Technology Conference (runs til 12/09), Goldman Sachs Financial Services Conference (runs till 12/09), Oppenheimer Healthcare Conference (runs til 12/09)

December 6, 2015 The Week Ahead

December 6, 2015 tvcuser Education, Trading Crude Oil, Data, Earnings, Economic, education, Events, S&P 500, SPY, trading, VIX

The SPDR S&P 500 (SPY) had its third straight winning week, and is now less than 1.2% off the 52-week highs. Despite the recent bullish action, the market has had its fair share of volatility. For example, we have had four straight +/- 1% in the S&P 500. It appears we are back to the ol’ good news is good…and bad news is good.

The VIX was relatively unchanged, closing the week at 14.88.

Crude oil futures closed below $40 a barrel after the OPEC Meeting. In general, the commodities market has been relatively weak compared to the equity market.

Here’s what is on tap this coming week:

Key Economic Data:
10 December 2015- Jobless Claims 8:30 AM ET
11 December 2015- Jobless Claims 8:30 AM ET
12 December 2015- PPI 8:30 AM ET, Retail Sales 8:30 AM ET

Key Earnings:
07 December 2015- HRB
08 December 2015- AZO, CONN, COST, PLCE, KKD, PLAY
09 December 2015- FRAN, MW, VRA
10 December 2015- CIEN, ADBE, FNSR, NCS

Key Events:
07 December 2015- Raymond James Tech & Communications Conference (runs til 12/09), UBS Global Media & Communications Conference (runs til 12/09), Wells Fargo Energy Symposium (runs till 12/09)
08 December 2015- Barclays Global Technology Conference (runs til 12/09), Goldman Sachs Financial Services Conference (runs till 12/09), Oppenheimer Healthcare Conference (runs til 12/09)

December 1, 2015 Market Wrap Up

December 1, 2015 tvcuser Education, Trading ADT, ATV, CMI, Data, Earnings, Economic, education, Events, S&P 500, SPY, SUNE, URBN, VIX, VRX

The S&P 500 was strong all day, closing nearly 1% higher. The SPDR S&P 500 is less than 1% off the 52-week highs and more than 16% higher than the August lows. The market is preparing for potential rate hikes later this month. In addition, there might be some money managers chasing performance before the end of the year.

Stocks in play today included: Cummins (CMI) -7.8%, Acorn International (ATV) +630%, Sunedison (SUNE) +8.5%, and Valeant Pharmaceuticals (VRX) +9.6% to name a few.

The VIX got smoked, closing the day 9% lower at 14.67.

On the options front, we saw large call buying activity in ADT (ADT). We also saw massive put buyers in Urban Outfitters (URBN), which was down over 5%.

Here’s what is going on for the rest of the week:

Key Economic Data:
01 December 2015- ISM Manufacturing 10:00 AM ET
03 December 2015- Jobless Claims 8:30 AM ET
04 December 2015- Employment Situation 8:30 AM ET, International Trade 8:30 AM ET

Key Earnings:
01 December 2015- BMO, BOBE
02 December 2015- AEO, AVGO, ARO, VMEM
03 December 2015- EXPR, G, SHLD, AMBA, BKS, FIVE, ULTA
04 December 2015- HOV

Key Events:
30 November 2015- Credit Suisse Industrial Conference (runs till 12/3), Credit Suisse Tech, Media, Telecom Conference (runs till 12/3)
01 December 2015- Citigroup Basic Materials Conference (runs till 12/2), Cowen 4th Annual HealthCare Conference, Cowen 5th Annual Ultimate Energy Conference (runs till 12/2), Goldman Sachs Metals & Mining Conference (runs till 12/2), Piper Jaffray HealthCare Conference (runs till 12/2)
03 December 2015- Wells Fargo Boston Gaming Forum
04 December 2015- American Society of Hematology Annual Meeting

November 30, 2015 Market Wrap Up

November 30, 2015 tvcuser Education, Trading ADT, AMZN, ANF, Data, Earnings, Economic, education, Events, GLD, GPS, S&P 500, TGT, trading, URBN, USO, VIX, WMT

The S&P 500 closed the day relatively weak, as traders came back from Thanksgiving break. With that said, we still finished the month higher. On the other hand, energy, the United States Oil Fund (USO) finished the month down more than 12%. In addition, gold, the SPDR Gold Trust (GLD) was down nearly 7% on the month.

There was a decent amount of attention on retail names, stats for Black Friday and Cyber Monday were hitting the tape. Unfortunately, Target (TGT) had issues with their website today, the stock price was down 1.3%. Here’s how other retailers fared: Wal-Mart (WMT) -1.6%, Gap (GPS) -2.3%, Abercrombie & Fitch (ANF) -3.8%, and Amazon (AMZN) -1%.

The VIX finished the day a point higher, closing the month at 16.13.

On the options front, we saw large call buying activity in ADT (ADT). We also saw massive put buyers in Urban Outfitters (URBN), which was down over 5%.

Here’s what is going for the rest of the week:

Key Economic Data:
01 December 2015- ISM Manufacturing 10:00 AM ET
03 December 2015- Jobless Claims 8:30 AM ET
04 December 2015- Employment Situation 8:30 AM ET, International Trade 8:30 AM ET

Key Earnings:
01 December 2015- BMO, BOBE
02 December 2015- AEO, AVGO, ARO, VMEM
03 December 2015- EXPR, G, SHLD, AMBA, BKS, FIVE, ULTA
04 December 2015- HOV

November 29, 2015 The Week Ahead

November 29, 2015 tvcuser Education, Trading Data, Earnings, Economic, education, Events, SPY, trading, USO, VIX

The SPDR S&P 500 (SPY) had its second straight winning weak, and is now less than 1.2% off the highs. However, that doesn’t mean that every sector is participating in the rally. For example, energy continues to lag. With that said, we’re starting to see more sector rotation as investors try to figure where to best park their funds.

The VIX was relatively unchanged, closing the week at 15.12.

The United States Oil Fund (USO) finished the week relatively higher, however it’s still 50% off the 52-week highs.

Here’s what is on tap this coming week:

Key Economic Data:
01 December 2015- ISM Manufacturing 10:00 AM ET
03 December 2015- Jobless Claims 8:30 AM ET
04 December 2015- Employment Situation 8:30 AM ET, International Trade 8:30 AM ET

Key Earnings:
30 November 2015- BLOX, NQ
01 December 2015- BMO, BOBE
02 December 2015- AEO, AVGO, ARO, VMEM
03 December 2015- EXPR, G, SHLD, AMBA, BKS, FIVE, ULTA
04 December 2015- HOV

November 25, 2015 Market Wrap Up

November 25, 2015 tvcuser Education, Trading AEZS, CSTM, Data, Earnings, Economic, education, KBIO, OPXA, S&P 500, trading, USO, VIX, VTL

The S&P 500 closed the day relatively flat and with little volume. Of course, this made sense, the markets will be closed tomorrow in the US, for the Thanksgiving holiday.

Given the anemic volume, it was also not a surprise to see the VIX close lower, finishing the day at 15.19.

Now, there was a ton of economic data that came out this morning. Durable goods came in better than expected. In addition, jobless claims were at the low end of expectations. Personal income was inline along with new home sales.

As mentioned yesterday, low float stocks continued to be the soup de jour. With volume drying up due to the holiday, traders have been feasting on stocks like Aeterna Zentaris (AEZS) +48%, Opexa Therapeutics (OPXA) +6%, Vital Therapies (VTL) +9%, and KaloBios Pharmaceuticals (KBIO) +45%.

The United States Oil Fund (USO) was flat today after geopolitical headlines dominated the news yesterday.

On the options front, we saw large call buying activity in Constellium (CSTM).

The market is closed tomorrow, but here is what we have for the rest of the week:

Key Earnings:
27 November 2015- BLOX

From all of us at TVC, have a happy and safe Thanksgiving holiday!

November 24, 2015 Market Wrap Up

November 24, 2015 tvcuser Education, Trading A, ACAS, AEZS, AVXL, Data, Earnings, Economic, education, OPXA, S&P 500, SIEN, trading, USO, VIX, VTL

The S&P 500 closed the day relatively flat, however; that doesn’t mean we didn’t have a fair share of volatility. Before the U.S. session was open, the futures were down a decent amount, following reports that a Russian fighter jet was shot down by Turkish forces. But as the day progressed, the geopolitical fears subsided and the market got back on track.

Despite a flattish close, the VIX rose slightly, closing at 15.93.

Low float stocks have been the soup de jour this week. With volume drying up due to the holiday, traders have been feasting on stocks like Aeterna Zentaris (AEZS) -10%, Opeca Therapeutics (OPXA) +12%, Vital Therapies (VTL) +5%, Anavex Life Sciences (AVXL) -6.5%, and Sientra (SIEN) +14% … just to name a few.

The energy sector caught a bounce; the United States Oil Fund (USO) as geopolitical concerns dominated the world news.

On the options front, we saw large call buying activity in Agilent Technologies (A). In addition, we saw bearish bets being placed in American Capital (ACAS).

Here’s what’s on tap for tomorrow and the rest of the week:

Key Economic Data:
25 November 2015- Durable Goods 8:30 AM ET, Jobless Claims 8:30 AM ET, Personal Income 8:30 AM ET, New Home Sales 10:00 AM ET

Key Earnings:
25 November 2015- DE
27 November 2015- BLOX

November 22, 2015 The Week Ahead

November 22, 2015 tvcuser Education, Trading Data, Earnings, Economic, education, SPY, trading, USO, VIX

The SPDR S&P 500 (SPY) nearly regained all of last week’s losses, closing the week 3.3% higher. We are once again near our highs. Will we break through or sell off again? That is the question. However, we’ve got a shortened week, as the markets are closed on Thursday for the Thanksgiving holiday.

With that said, we’ve got a decent amount of economic data the first three days of the week. But expect volumes to be low as traders prepare to be on holiday.

The VIX sold back down, closing at 15.47.

The United States Oil Fund (USO) did not bounce, closing the week lower and just 4.5% off the 52-week lows.

Here’s what is on tap this coming week:

Key Economic Data:
23 November 2015- Existing Home Sales 10:00 AM ET
24 November 2015- GDP 8:30 AM ET, International Trade 8:30 AM ET
25 November 2015- Durable Goods 8:30 AM ET, Jobless Claims 8:30 AM ET, Personal Income 8:30 AM ET, New Home Sales 10:00 AM ET

Key Earnings:
23 November 2015- BRCD, PANW, YY, GME, MNK, TSN
24 November 2015- HPQ/HPE, TIVO, VNET, DSW, TIF, SIG, CBRL
25 November 2015- DE
27 November 2015- BLOX

November 19, 2015 Market Wrap Up

November 19, 2015 tvcuser Education, Trading AGN, education, FOMC, KBIO, MDT, NKE, S&P 500, SPY, SUNE, trading, USO, VIX, VRX

The S&P 500 closed the day relatively flat, after a monster rally yesterday, where the market reacted positively to the FOMC minutes.

Interestingly, the VIX actually is trading around 17 and we are less than 2% off the highs in the SPDR S&P 500 ETF.

Stocks in play today, included Valeant Pharmaceuticals (VRX) +15%, Sunedison (SUNE) -11%, and Kalobios Pharmaceuticals (KBIO) +367%. Also, in the after hours, Nike (NKE) announced a new $12 billion share repurchase program and a raise in dividends. The stock is up more than 3% in the after hours.

The energy sector remains weak; the United States Oil Fund (USO) was flattish today. It’s now just 5% off the 52-week lows.

On the options front, we saw large call buying activity in Allergran (AGN). In addition, we saw bearish bets being placed in Medtronic (MDT).

Here’s what’s on tap for tomorrow and the rest of the week:

20 November 2015- ANF, FL

November 17, 2015 Market Wrap Up

November 18, 2015 tvcuser Education, Trading ARG, Data, Earnings, Economic, education, Events, GNC, HLF, S&P 500, SPY, SUNE, trading, ULTA, USO, VIX

The S&P 500 closed the day relatively flat, after a surprising rally yesterday. With that said, there was a decent amount of trading volatility. The SPDR S&P 500 ETF had a range of 204.88 to 207.04.

A lot of attention has been focused on what the Fed will do next December. Not to mention, what’s happening overseas after the Paris attacks. Earlier today, a football match between Germany and Holland was cancelled due to security issues.

The VIX actually traded higher, closing at 18.65.

Stocks in play today, included GNC Holdings (GNC) -4%, Sunedison (SUNE) -32%, and Airgas (ARG) +29%.

The energy sector remains weak; the United States Oil Fund (USO) was down nearly 2.2% today. It’s now just 5% off the 52-week lows.

On the options front, we saw large call buying activity in Ulta Salon Cosmetics & Fragrance (ULTA). In addition, we saw bearish bets being placed in Herbalife (HLF) -2.19%.

Here’s what’s on tap for tomorrow and the rest of the week:

Key Economic Data:
18 November 2015- Housing Starts 8:30 AM ET, FOMC Minutes 2:00 PM
19 November 2015- Jobless Claims 8:30 AM ET, Philly Fed Survey 8:30 AM ET

Key Earnings:
18 November 2015- LOW, SPLS, TGT, CRM, GMCR, JACK, NTAP
19 November 2015- BBY, ADSK, GPS, ROST, NMBL, ZOES, SPLK
20 November 2015- ANF, FL

Key Events:
16 November 2015- UBS Global Technology Conference (runs till 10/19)
17 November 2015- Bank America Banking and Financial Services conference (runs till 11/18), Morgan Stanley Global Consumer & Retail Conference (runs till 11/18), Stifel Healthcare Conference (runs till 11/18)
18 November 2015- Barclays Global Auto Conference (runs till 11/19)