April 18, 2017 Market Wrap Up

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All major indices sold off today, with the Dow Jones Industrial Averages performing the worst. Despite markets selling off, the VIX actually sold off, closing at 14.42– after hitting yearly highs last week.

Earnings are dominating headlines in the stock market, here are some names that reported today: Goldman Sachs (GS) -4.6%, W.W. Grainger (GWW) -11.4%, International Business Machines (IBM) -4.6%, and Yahoo (YHOO).

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) -0.18%, iShares 20+ Year Treasury Bond (TLT) +1.31%, SPDR Gold Shares (GLD) +0.47%.

On the options front, we saw large call buying activity in Sysco Corp (SYY), which traded 4.9 times normal option volume. In addition, we saw heavy put buying in Equity Residential (EQR), which traded 2.3 times normal option volume.

Earnings will be the soup of the day for the rest of the week.

Key Economic Data:
19 April 2017- EIA Petroleum Status Report 10:30 AM ET
20 April 2017- Jobless Claims 8:30 AM ET; Philly Fed Survey 8:30 AM
21 April 2017- PMI Composite Flash 9:45 AM ET; Existing Home Sales 10:00 AM ET

Key Earnings:
18 April 2017- BAC, GNC, GS, HOG, JNJ, RF, SCHW, UNH, CAMP, IBKR, IBM, ISRG, LRCX, NAVI
19 April 2017- BLK, AMTD, HBAN, GPC, MS, TXT, USB, AXP, EBAY, QCOM, URI, VMI, CSX, CP
20 April 2017- BK, BX, DGX, DHI, NUE, PM, KEY, PPG, TRV, VZ, MAT, NCR
21 April 2017- GE, HON, COL, KSU, IPG, MAN, SLB, SWK, WBC

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February 2, 2016 Market Wrap Up

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Just when you thought that the volatility was going to cool off, things started heating up again. The S&P 500 lost nearly 2% as most stocks sold off fairly hard. We’re just 5% off our most recent lows.

Adding fuel to the fire, we saw massive sell-off in crude oil prices. In the last two days, crude oil prices are down more than 11%, and trading below $30 per barrel. We’re just a little more than 5% off from the most recent lows.

Given the volatility, it wasn’t a real shock to see the VIX above 20, closing at 21.89 to be exact.

On the options front, we saw large call buying activity in Yahoo (YHOO). In addition, we saw heavy put buying in Activision Blizzard (ATVI).

In the after hours we got earnings results out of Chipotle Mexican Grill (CMG). The stock was down nearly 7% in the after hours.

There are a lot more earnings this week, check out the events below:

Key Economic Data:
4 February 2016- Jobless Claims 8:30 AM ET
5 February 2016- Employment Situation 8:30 AM ET, International Trade in Goods 8:30 AM ET

Key Earnings:
3 February 2016- ADP, APO, BEN, CBG, CBOE, CMCSA, ENR, ETN, GM, IP, KLIC, MRK, NOV, BWLD, CCK, CDNS, GPRO, MET, NXPI, SFLY, YUM
4 February 2016- AZN, ABC, COP, COTY, DLPH, GRUB, ICE, OXY, PENN, RL, WFT, BMI, DATA, DECK, LNKD, LGF
5 February 2016- ATHN,CME, TSN, WY

January 31, 2016 The Week Ahead

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The S&P 500 had its second straight positive week. It was a rough month for indices, with some of them seeing their worst monthly declines in over five years. Volatility may come in as the Chinese market will be on break to celebrate their new year, which happens in less than two weeks.

If you recall, weakness in the Asian markets was causing the heavy selling in January. Not to mention weakness in oil prices.

The VIX waited till Friday to sell-off hard. Overall, it closed lower, right above 20.

Crude oil prices are more than 10% higher than their monthly lows. Gaining more than 5% on the week and closing above $33 per barrel. Is it a dead-cat bounce or have prices finally started to stabilize?

Reporting this week: Exxon Mobil (XOM), Alphabet (GOOGL), Chipotle Mexican Grill (CMG), Yahoo (YHOO), Merck (MRK), and much much more.

Here’s what else is on tap:

Key Economic Data:
1 February 2016- Personal Income and Outlays 8:30 AM ET, ISM Mfg Index 10:00 AM ET
4 February 2016- Jobless Claims 8:30 AM ET
5 February 2016- Employment Situation 8:30 AM ET, International Trade in Goods 8:30 AM ET

Key Earnings:
1 February 2016- AET, CAH, HAIN, SOHU, SYY, APC, GOOGL, TSO, MAT, GGP, AGNC
2 February 2016- ADM, ADT, ALLY, BAX, BEAV, CIT, DOW, EMR, KORS, LAZ, LYB, MNK, PFE, RCL, UBS, UPS, XOM, CMG, ILMN, YHOO, TDW, CHRW
3 February 2016- ADP, APO, BEN, CBG, CBOE, CMCSA, ENR, ETN, GM, IP, KLIC, MRK, NOV, BWLD, CCK, CDNS, GPRO, MET, NXPI, SFLY, YUM
4 February 2016- AZN, ABC, COP, COTY, DLPH, GRUB, ICE, OXY, PENN, RL, WFT, BMI, DATA, DECK, LNKD, LGF
5 February 2016- ATHN,CME, TSN, WY

December 8, 2015 Market Wrap Up

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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)

October 20, 2015 Market Wrap Up

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The S&P 500 was nearly flat today, closing the day down less than half of a percent. The SPDR S&P (SPY) is now up more than 4% on the month.

Earnings thus far have been average at best. We’ve seen some poor results from the likes of NFLX, IBM, WMT, and MS to name a few.

Interestingly, the VIX spiked 5% today, now trading at 15.75.

The energy sector was relatively flat; however, the United States Oil Fund (USO) has been dislocating from the equity markets. It’s clearly lost some steam while the equity markets keep moving higher.

On the options front, we saw bullish call buying in Heron Therapeutics (HRTX). Options that saw bearish put buying in Twenty First Century Fox Inc (FOX).

This evening we got earnings from Chipotle Mexican Grill (CMG) -3%, Yahoo! (YHOO) -3%, and Cree (CREE) -1.4%

Here’s what’s on tap tomorrow:

Key Economic Data:
22 October 2015- Jobless Claims 8:30 AM ET, Existing Home Sales 10:00 AM ET

Key Earnings:
21 October 2015- BA, GM, IPG, KMB, KO, STJ, SVU, TEX, CAKE, CCI, EBAY, MLNX, SNDK, TXN, URI, WFT
22 October 2015- BEN, CAM, CAT, DAN, CY, DGX, DNKN, DOW, DPS, FCX, LLY, JNS, LAZ, LUV, MCD, MJN, MMM, NDAQ, SWK, ALTR, AMZN, ATHN, COF, MSFT, QLIK, SYNA, T
23 October 2015- AAL, PG