December 20, 2016 Market Wrap Up

December 20, 2016 tvcuser Education, Trading Earnings, Economic Data, EIGI, FRED, GLD, RAD, TLT, USO, VIX, WBS

The markets continued to push higher today as it seems almost inevitable that this will be the path we take up until the end of the year. The only drama at the moment is if and when the Dow Jones Industrials close above the 20k mark. At the close of the day, the Dow Jones Industrials closed at 19,974, close, but no cigar.

Judging by the VIX, there isn’t much fear at the moment, it closed below 12, at 11.45.

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) +1.04%, iShares 20+ Year Treasury Bond (TLT) -0.50%, SPDR Gold Shares (GLD) -.74%.

Stocks in play today included: Rite Aid (RAD) +5.39% and Fred’s, Inc. (FRED) +81.08%.

It was announced early in the morning that Fred’s would be buying 865 stores from Rite Aid at what many market participants viewed as a deal. In addition, this likely eliminates antitrust issues facing the Walgreens purchase of Rite Aid.

On the options front, we saw large call buying activity in Webster Financial Corporation (WBS), which traded 19.2 times normal option volume. In addition, we saw heavy put buying in Endurance International Group Holdings (EIGI), which saw 153 times normal options volume.

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

Key Economic Data:
21 Dec 2016- Existing Home Sales 10:30 AM ET, EIA Petroleum Status Report 10:30 AM ET
22 Dec 2016- Durable Goods Orders 8:30 AM ET, GDP 8:30 AM ET, Philly Jobless Claims 8:30 AM ET, Personal Income and Outlays 10:00 AM ET
23 Dec 2016- New Home Sales 10:00 AM ET

Key Earnings:
19 Dec 2016- LEN
20 Dec 2016- BBRY, CCL, DRI, FDS, GIS, KMX, NAV, FDX, NKE, SCS
21 Dec 2016- ACN, FINL, LNN, PAYX, CAMP, BBBY, MU, RHT
22 Dec 2016- CAG

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October 27, 2015 Market Wrap Up

October 27, 2015 tvcuser Education, Trading AAPL, CHK, Data, DD, Earnings, Economic, education, GILD, MRK, PFE, RAD, S&P 500, trading, TWTR, USO, VIX, WBA, YRCW

The S&P 500 closed the day relatively flat, it appears that the market is awaiting further news from the FOMC meeting tomorrow.

Earlier today we got earnings results from Pfizer (PFE) +2.4%, Merck (MRK) +1%, and Du Pont (DD) +2.7%.

This evening we got earnings out of Apple (AAPL) -1%, Gilead Sciences (GILD) flat, and Twitter (TWTR) -11%.

The VIX continues to show few signs of panic, as it closed the day at 15.43.

The energy sector was relatively weak; the United States Oil Fund (USO) was down more than 1% today.

On the options front, we saw bullish call buying in YRC Worldwide (YRCW). Options that saw bearish put buying in Chesapeake Energy (CHK).

In other news, Walgreens (WBA) announced that they are buying Rite Aid (RAD) for $9.41 billion.

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

Key Economic Data:
28 October 2015- FOMC Meeting Announcement 2:00 PM ET
29 October 2015- GDP 8:30 AM ET, Jobless Claims 8:30 AM ET
30 October 2015- Personal Income 8:30 AM ET

Key Earnings:
28 October 2015- GRMN, HLT, HOT, IMAX, IP, LVLT, MDLZ, NOV, TMUS, VLO, WBA, VW, AMGN, ATML, CRUS, FFIV, GPRO, LOCK, WMB, PYPL, NE, MUR, CAVM
29 October 2015- AET, CLF, COP, ESV, JAH, JCI, KERX, MO, NOK, MTH, TEVA, TWC, VALE, ZBH, BIDU, EA, LNKD, MOBL, SBUX, WU, SCTY
30 October 2015- ABBV, CVS, XOM, MYL, CVX, CL, ETN

August 4, 2015 Market Wrap Up

August 4, 2015 tvcuser Education, Trading Apple, China, CRUS, Data, Earnings, Economic, education, Netflix, RAD, trading, VIX

August 4, 2015 Market Wrap Up

The S&P 500 closed lower for the third straight trading session. However, as mentioned yesterday, we’re not too far off the yearly highs.

A lot of the sell-off can be attributed to the sharp decline in Apple shares, dropping more than 3%, more than six points off the 200-day moving average. On the bright side, Netflix hit 52-week highs, after announcing a date on when it will enter Japan and catching a few price target raises.

Interestingly, the Chinese market rebounded last night. Which was good enough to see commodity prices rebound slightly.

The VIX saw a slight pop, closing the day at 13, a move of 3.5%.

On the options front, we saw bullish call buying in Rite Aid Corp (RAD). We also saw bearish option activity in Cirrus Logic Inc (CRUS).