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U.S. markets showed strength throughout Thursday’s session while settling the week mostly higher. The small-caps struggled and closed on the opposite side of the action after testing a lower low to end the shortened week lower.

Much of the news was dominated by the DOJ’s redacted version of the Mueller report with the market more focused on ongoing U.S. / China trade negotiations and all-time highs. Volatility closed back below major support with a down-trending 50-day moving average still intact.

The Dow rose 0.4% after trading to a fresh 2019 high of 26,602. Fresh and lower resistance at 26,500-26,750 was cleared and held with a close above the latter getting 27,000 and all-time highs in play.

The S&P 500 climbed 0.2% following the push to 2,908 and close above the 2,900 level for the 5th-straight session. Major resistance remains at 2,925 with the current all-time peak just north of 2,940 and a move above this level getting 2,950-2,975 in play.

The Nasdaq was up 2 ticks, or 0.02% after tapping a high of 8,002. Prior and major resistance from late September at 8,000 was cleared but held by 2 points with a continued close above this level keeping 8,100-8,150 and all-time highs in the mix.

The Russell 2000 dipped nearly 2 points, or 0.1%, while testing a session low of 1,556. Major support at 1,550 and the 50-day moving average held with a move below this level being a near-term bearish development.

For the shortened week, the Dow was up 0.6% and the Nasdaq advanced 0.2%. The Russell 2000 tumbled 1.2% while the S&P 500 slipped just over 2 points, or 0.1%.

Industrial led sector strength on Thursday after jumping 1.2% while Real Estate rose 0.8%. Energy fell 0.5% while Financials and Consumer Discretionary gave back 0.3% and 0.03% to round out the sector laggards.

The market is closed today (on Friday). Our next issue will be Monday evening, enjoy the 3-day weekend.

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ANALYST UPGRADES/DOWNGRADES

J.M. Smucker (SJM) upgraded to Equal Weight from Underweight at Morgan Stanley
PepsiCo (PEP) upgraded to Neutral from Sell at Goldman Sachs
Venator Materials (VNTR) upgraded to Outperform from Sector Perform at RBC Capital

CF Industries (CF) downgraded to Underperform from Buy at BofA/Merrill
Morgan Stanley (MS) downgraded to Neutral from Buy at Citi
Snap (SNAP) downgraded to Negative from Mixed at Vertical Group

EARNINGS 
Before the open (EST):
​AVX (AVX), Bank of Hawaii (BOH), Community Bank System (CBU), Halliburton (HAL), Independent Bank (IBCP), Kimberly-Clark (KMB), Lennox (LII), Old National Bancorp (ONB), Steel Dynamics (STLD), TCF Financial (TCF), WW Grainger (GWW)

After the close(EST):
​​​American Campus Communities (ACC), Brown & Brown (BRO), Cadence Design Systems (CDNS), Enterprise Financial Services (EFSC), FB Financial (FBK), HealthStream (HSTM), Mobile Mini (MINI), NTB Bancorp (NBTB), Rambus (RMBS), Simmons First National (SFNC), Veritex Holdings (VBTX), Whirlpool (WHR)

UPCOMING ECONOMIC NEWS
Thursday’s economic reports (EST): 
American Campus Communities (ACC), Brown & Brown (BRO), Cadence Design Systems (CDNS), Enterprise Financial Services (EFSC), FB Financial (FBK), HealthStream (HSTM), Mobile Mini (MINI), NTB Bancorp (NBTB), Rambus (RMBS), Simmons First National (SFNC), Veritex Holdings (VBTX), Whirlpool (WHR)

METALS / OIL
Gold closed at $1,276.00 an ounce, down $0.80
Silver settled at $14.95 an ounce, up $0.01
Copper finished at $2.92 a pound, down $0.04
Crude Oil was at $64.01 a barrel, up $0.27
Bitcoin Investment Trust (GBTC) ended at $6.90 up $0.19



  I hope this helps you prepare for the trading day. Make it a great one!

   Todd Mitchell


Not sure the best way to get started?

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The post Small-Caps Slack in Shortened Week appeared first on Trading Concepts, Inc..

TRADING BLOCK

Fidelity Hot Seat - Konstantin Vrandopulo, Trading Strategy Desk, Fidelity Brokerage Services LLC

VIX - 12.25,  0.5-points lower than last show.

Most active indices - VIX: 162k, SPY: 1.13k, SPX: 558k

Most active equity options - AAPL, QCOM, BAC, NFLX, TSLA, AMD, PFE, FB, CGC, SQ

 

 

ODD BLOCK

Call love in Liberty Global PLC (LBTYA)

Call love in Las Vegas Sands Corp. (LVS)

Above offer call love in Honeywell International Inc. (HON)

 

 

MAIL BLOCK

Question from Giddy Franciscan - Sell in May and go away. What option strategy benefits from the profound market malaise that occurs over the summer?

 

 

AROUND THE BLOCK

This Week in the Market:

Apr 19 - Housing Starts

Citi downgraded Morgan Stanley to neutral from buy on Thursday, saying the stock is “fairly valued.”

Morgan Stanley posted better-than-expected first-quarter results Wednesday thanks to the growth in wealth management and fixed-income trading, sending its shares 2.6% higher. Citi thinks that after the earnings boost, Morgan Stanley’s stock is in line with its target and has little room to grow.

“Though we believe MS has very high quality franchises and has the potential to continue to gain market share, we’d rather be on the sidelines in the near-term,” Citi analyst Keith Horowitz said in a note.

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Shares of Morgan Stanley are up 22% year to date, trading at $48.26 at Wednesday’s close, slightly above Citi’s 12-month price target of $48. The stock was down about 0.5% in Thursday morning trading.

Citi ramped up earnings estimates for Morgan Stanley after its solid performance in the first quarter. The 2019 EPS forecast went up 30 cents to $5.05, and $5.55 for 2020.

“Strong 1Q19 results were driven by FICC and expense management,” Horowitz said. “Global Wealth Management beat expectations and [management] reiterated guidance for mid-single [net interest income] digit growth in 2019, in contrast to others in the peer group which has generally tempered NII expectations during this earnings season. ”

Source: https://www.cnbc.com/2019/04/18/citi-downgrades-morgan-stanley-wed-rather-be-on-the-sidelines.html

I hope this article helps...make sure to come back for another article tomorrow!

The post Citi downgrades Morgan Stanley: ‘We’d rather be on the sidelines’ appeared first on Trading Concepts, Inc..

Pinterest Inc. priced its initial public offering higher than expected Wednesday, raising more than $1.4 billion and valuing the company at more than $12 billion.

Pinterest PINS, +0.00%  announced Wednesday evening that it would sell 75 million shares at $19 apiece, after previously stating a targeted range of $15 to $17. Underwriters — led by Goldman Sachs, JP Morgan and Allen & Co. — have access to an additional 11.25 million shares that could push the totals higher. The company expects to begin trading Thursday morning on the New York Stock Exchange under the ticker “PINS.”

Pinterest is expected be joined by at least two other trading debuts Thursday morning, including fellow Silicon Valley company Zoom Video Communications Inc. ZM, +0.00%  , which reportedly priced its IPO above its stated range as well. The market for IPOs has picked up after successful offerings from Lyft Inc.LYFT, -3.11%  , PagerDuty Inc. PD, -2.45%  and Levi Strauss & Co. LEVI, +2.30%  .

Brigham Minerals LLC MNRL, +10.44%  priced its shares Wednesday at the top of its expected range at $18, but increased the number of shares it sold to 14.5 million from 13.5 million to raise more than $260 million. Hookipa PharmaHOOK, +0.00%  priced its shares at $14 on Wednesday, at the bottom of its range, raising about $84 million. Greenlane Holdings Inc. GNLN, +39.24%   is also expected to price its IPO this week.

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Pinterest admits that it’s “still in the early stages” of its efforts to make money off its image-sharing platform, having only launched advertisements five years ago. The company sees opportunity with international advertisers, a mostly untapped area for Pinterest thus far. Revenue climbed to $755.9 million in 2018, up from $473 million a year prior.

The company’s user base is still growing, with international markets leading the way. The company had 265 million monthly active users (MAUs) as of the end of 2018, of which 184 million were based outside the U.S. Pinterest’s domestic MAU count rose by only 8% for the December quarter, while its international user base increased by a third.

The online scrapbooking company is not yet profitable, but it’s a lot closer than fellow unicorns like Lyft Inc. LYFT, -2.81%   and Uber Technologies Inc., both of which are bleeding cash. Pinterest managed to turn a profit during the past two holiday quarters, but it’s yet to break out of the red on an annual basis. The company lost $63 million last year, compared with $130 million a year prior.

Pinterest was privately valued at $12.3 billion in a 2017 funding round.

D.A. Davidson analyst Tom Forte recently began coverage of Pinterest’s stock, assigning a neutral rating and a $16.50 price target. While Forte likes that Pinterest’s users have strong “purchase intent,” something well regarded by advertisers, he argued that the eventual IPO price would already bake in the upside potential he sees from Pinterest’s monetization efforts.

Source: https://www.marketwatch.com/story/pinterest-prices-ipo-at-19-a-share-valuation-tops-10-billion-2019-04-17?mod=mw_theo_homepage

Have a fantastic day and hope this helps your strategy in making money.

The post Pinterest prices IPO at $19 a share, valuation tops $10 billion appeared first on Trading Concepts, Inc..

U.S. markets traded in a tight range on Wednesday as Wall Street digested another round of mixed 1Q earnings. The slightly lower finish comes ahead of the release of the DOJ’s redacted version of the Mueller report on Thursday morning along with the market being closed for Good Friday.

Volatility spiked to a fresh 2019 low on the open before immediately reversing course 30 minutes afterwards while staying slightly elevated the rest of the session. The action could be a slight warning signal for a more volatile Thursday with regular April options expiring a day early due to the holiday.

The Russell 2000 fell 1% after testing an intraday low of 1,561. Fresh and upper support at 1,565-1,550 was breached but held on the close below the 200-day moving average with a move below 1,550 and the 50-day moving average signaling additional weakness.

The S&P 500 slipped 0.2% after kissing a late session low of 2,895. Current and upper support at 2,900-2,875 held for the 4th-straight session with a move below the latter getting 2,850 back in play.

The Nasdaq was lower by 4 points, or 0.05%, following the back-test to 7,973 during the second half of action. Fresh and upper support at 8,000-7,925 failed to hold with a move below 7,900 signaling a possible near-term top for the index.

The Dow was down 3 points, or 0.01%, after trading in a 100-point range while tapping a low of 26,391. Near-term and upper support at 26,250-26,000 easily held with a move below the latter being a slightly bearish signal.

Technology and Consumer Staples were sector leaders after rising 0.6% and 0.5%. Financials were higher by 0.3%.

Healthcare was the weakest link after sinking 2.9%. Real Estate and Materials also lagged, falling 1% and 0.6%, respectively.

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ANALYST UPGRADES/DOWNGRADES

Domino's Pizza (DPZ) upgraded to Overweight from Equal Weight at Morgan Stanley
TSYS (TSS) upgraded to Buy from Neutral at Goldman Sachs
Qualcomm (QCOM) upgraded to Overweight from Neutral at JPMorgan

Bank of America (BAC) downgraded to Hold from Buy at Jefferies
Comerica (CMA) downgraded to Outperform from Strong Buy at Raymond James
PayPal (PYPL) downgraded to Neutral from Buy at UBS

EARNINGS 
Before the open (EST):
​​Blackstone Group (BX), Genuine Parts (GPC), Home BancShares (HOMB), Honeywell (HON), Sketchers (SKX), SunTrust Banks, Sonoco (SON), Travelers Companies (TRV)

After the close(EST):
​​Expo (EXPO), Glacier Bancorp (GBCI), Independent Bank (INDB), Intuitive Surgical (ISRG), Park National (PRK)

UPCOMING ECONOMIC NEWS
Thursday’s economic reports (EST): 
Jobless Claims - 8:30am
Philadelphia Fed Business Outlook Survey - 8:30am
Retail Sales - 8:30am
PMI Services Index - 9:45am
Business Inventories -10:00am
Leading Indicators - 10:00am

METALS / OIL
Gold closed at $1,276.80 an ounce, down $0.40
Silver settled at $2.96 an ounce, up $0.03
Copper finished at $2.93 a pound, up $0.03
Crude Oil was at $63.74 a barrel, down $0.57
Bitcoin Investment Trust (GBTC) ended at $6.71 up $0.02



  I hope this helps you prepare for the trading day. Make it a great one!

   Todd Mitchell


Not sure the best way to get started?

Follow these 3 simple steps ...

Step #1: Get These FREE Reports & Videos

Options INCOME  Profits   8 Video  Series    Habits that Kill Traders...



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Step #3: Connect with The Community
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The post S&P 500 Holds 2,900 appeared first on Trading Concepts, Inc..

Tech giant Apple and Qualcomm have settled a legal dispute over royalties and patents, and it has Wall Street analysts buzzing over the chipmaker’s prospects moving forward.

Analysts at Stifel, J.P. Morgan and Evercore ISI all upgraded Qualcomm on Tuesday’s news. Mizuho Securities, meanwhile, hiked its price target on Qualcomm to $82 per share from $62, implying a 16.3% upside from Tuesday’s close. Canaccord Genuity also raised its price target to $89 per share from $75 and reiterated its buy rating on the company.

Apple agreed to pay Qualcomm an undisclosed amount of money in the settlement and struck a chipset supply deal, which suggests the iPhone maker will buy Qualcomm chips for future smartphones. This removes a massive overhang from Qualcomm and clears the way for both companies to focus on 5G technology. However, some analysts say Qualcomm still faces headwinds, including a lawsuit from the Federal Trade Commission.

Qualcomm shares skyrocketed 13 percent at Wednesday’s opening of trading.

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Here is what analysts are saying:

JP Morgan: overweight rating, $88 target

“The agreement opens up the opportunity to resume chipset supply to Apple, ranging from a sizeable market share on iPhone units in the (Sep) 2020 models to an upside opportunity from capturing a primary position on the device if competitors are unable to deliver a 5G chipset.”

Bernstein: market perform rating, $60 target

“The resolution caps a multi-year period in which Qualcomm’s stock has broadly been viewed as virtually uninvestible, and the resolution will likely go a long way toward assuaging investors who have been terrified of the potential for negative legal and regulatory outcomes.”

Evercore ISI: Outperform rating, $90 price target

“While it is not 100% clear what the ongoing licensing payments will be and whether there are potentially any adverse implications to other customer agreements, this is clearly a meaningful positive for QCOM. We are not sure QCOM is completely out of the woods as we await a ruling from the FTC (expected imminently), though Apple’s willingness to sign an agreement today would suggest a not too negative outcome is likely. And with agreements currently in place now with Apple, Samsung, and China, it increasingly looks like this ruling will not be a terrible negative for QCOM - though clearly time will tell.”

Stifel: Buy rating, $100 target

“In our view, the settlement removes significant legal risk for Qualcomm and also clears the way for a settlement with the FTC. We believe the removal of the legal overhang, which had persisted for the last two years, allows investors to focus on Qualcomm’s core businesses which will drive a higher valuation in addition to higher earnings power. We view Qualcomm as the clear leader in 5G modem technology which should begin to ramp through CY2H2019 and 2020.”

Mizuho Securities: Buy rating, $82 target

“On the positive side for QCOM 1) the settlement will be an immediate bump to QTL license revenue starting in the JunQ and a $5-7B catchup payment with iPhone product insertion in 2H20(F21E), 2) the new six-year license agreement provides a 5G opportunity at Apple, 3) QCOM sees an incremental ~$2 EPS/year as product ramps in F21E.”

KeyBanc Capital Markets: Sector weight rating, $75 target

“We expect the 5G chip supply agreement and the resumption of ongoing licensing royalties to add ~$2.00 in EPS to our F2021 estimates for QCOM … While we view the settlement as encouraging and as removing a major overhang for QCOM, we remain Sector Weight, as we believe the economic benefit from the AAPL settlement is largely reflected in the stock.”

Canaccord Genuity: Buy rating, $89 target

“We believe Qualcomm’s strong R&D investments and leadership in 5G modems was the key factor in Apple reaching a settlement with Qualcomm. In fact, we believe Apple and Qualcomm needed to start working together by April in order for Apple to launch 5G enabled smartphones for its September 2020 iPhone launch timeframe.”

Raymond James: Outperform rating, $85 target

“Coupled with our expectation for Qualcomm to have a high share in 5G overall, we believe the deal drives in excess of $7/share earnings power for FY21. While we believe the stock’s risk/reward was favorable in the $50s even amid uncertainty prior to the settlement, the stock is still only trading at ~10x that FY21 earnings power. Given greatly reduced uncertainty given licensing agreements with Samsung, China, and now Apple, we think it’s reasonable to argue for multiple expansion, and raise our price target to $85.”

Citi: Neutral rating, $55 target

“We believe the deal could be positive for Qualcomm given the restoration of licensing and chipset revenue and we estimate the deal could total an additional $7.0 billion and $1.55 EPS accretion to our C20 revenue and EPS estimates of $22.5 billion and $3.57 respectively. We expect Qualcomm’s other customers will pursue similar royalty and chipset pricing if Apple gets a good deal.”

Oppenheimer: Perform rating

“We see Tuesday’s settlement as a positive step, clearing legal overhangs while bringing former No.1 customer back into the fold. Impact to model remains uncertain and QCOM still faces regulatory rulings from FTC and other global regulators. We remain sidelined until model implications become clearer.”

Susquehanna Financial Group: Positive rating, $95 target

“While Apple details and an FTC judgment remain, this is a huge step forward for Qualcomm, a company making silent progress behind lawsuit headlines … This settlement should ease investor fears that Qualcomm’s QTL business model is threatened, as the company has now reworked long-term deals with both Apple/Samsung and we believe is making progress with Huawei (interim agreement reached last quarter), allowing the multiple to grow.”

Bank of America Merrill Lynch: Neutral rating, $71 target

“We think the risk of changing the model to component-based licensing is muted now and going forward, the stock could start trading on its own fundamentals of strong semiconductor and licensing businesses. On the negative side, the impending FTC decision adds some risk to Qualcomm and the stock’s 28% positive move yesterday (vs SP500 +0.05%) mitigates our enthusiasm.”

Morgan Stanley: Equal weight rating, $55 target

“We think this settlement is a significant win for Qualcomm and results in a similar, if not better, outcome to a scenario we laid out in January, which would have been reached had Qualcomm achieved a win at the FTC … We think settlement with Apple provides Qualcomm some leverage with other handset OEMs to ensure future royalty compliance.”

Source: https://www.cnbc.com/2019/04/17/apple-qualcomm-settled-their-legal-battle-heres-what-wall-street-thinks.html

I hope today’s article has been helpful, be sure to let me know what you think.

The post Apple and Qualcomm settled their legal battle. Here’s what Wall Street analysts are saying appeared first on Trading Concepts, Inc..

PepsiCo stock was rising in early trading Wednesday, following its upbeat first-quarter earnings report.

The back story. Pepsi stock (PEP) is up 10.8% since the start of the year, and has risen more than 14% in the trailing 12 month period. Investors seem fairly happy with new CEO Ramon Laguarta, who took over late last year, as well as the company’s continued focus on rewarding shareholders with dividend increases.

What’s new. Pepsi said it earned 97 cents a share on revenue of $12.88 billion. Analysts were looking for EPS of 93 cents on revenue of $12.68 billion.

For the full year, Pepsi reiterated guidance, saying that it expects full-year organic revenue growth of 4%, although EPS will drop about 1% on a constant currency basis, attributable to reinvestments in the business and the fact that, among other small factors, 2018 included some one-time asset sales. The company expects to pay $5 billion in dividends and buy back $3 billion of its stock.

Pepsi stock was up 3.1% in Wednesday morning trading, to $126.26 per share.

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Looking ahead. A lot of consumer-staple stocks are in the same boat. The strong dollar, changing consumer tastes, and margin pressures have been consistent bugaboos across the sector. Yet, one of the major markers by which investors have judged the group has been sales momentum, and here Pepsi delivered a win in reiterating its expectation for 4% organic revenue growth.

That compares with Procter & Gamble’s (PG) 2% to 4% 2019 organic sales growth estimate. As we have noted before, P&G has been the poster child of bucking the staples curse. Whether the product is high-end beauty supplies or dog food, investors have wanted to see that, whatever else is happening in the sector, staples companies haven’t lost relevance with their consumers. The fact that Pepsi reiterated its forecast—and didn’t guide any further profit declines in tandem with the growth—might reassure some investors that it isn’t paying too much for that growth. Organic sales growth isn’t unreasonable metric. Remember, back in October investors soundly punished Kraft Heinz (KHC) because its organic growth had bitten into the bottom line and, in hindsight, the intuition that management wasn’t shepherding the business well proved to be correct.

Source: https://www.marketwatch.com/articles/pepsi-earnings-stock-first-quarter-51555508689?mod=markets

Here’s to your trading success, I hope it helps.

The post Pepsi Stock Is Gaining Ground Because Earnings Beat Expectations appeared first on Trading Concepts, Inc..

CNBC’s Jim Cramer on Tuesday said the market has fooled the bears as stocks continue to power through adversity.

The major U.S. indexes all traded higher, with the Dow Jones Industrial Average and Nasdaq Composite rising about 0.30% and the S&P 500 moving north 0.05%.

“You’ve gotta admire the resilience of this market,” the “Mad Money” host said. “On a sedate day … what stands out to me is the incredible resilience of so many stocks that you expected to get hammered overtime.”

Boeing

Boeing has had its share of negative news coverage in the wake of a second crash involving its top-selling 737 Max plane. Still, the stock is up more than 18% in 2019.

Cramer noted that airlines have pulled orders for the airplane and that he expects Boeing will likely guide down because of it when the company reveals its latest quarter earnings a week from Wednesday.

“That’s when I expect the buyers to finally pause — not the buyers of the plane, but the buyers of the stock,” he said. “Now, if you want to own Boeing, I’d wait for that pullback. But the fact is, this thing has been ridiculously resilient.”

Apple

Apple’s stock has nearly reached $200 again after widespread selling, Cramer noted. Shares bottomed at $142 in early January after the iPhone maker preannounced that sales would be weak. The host said the recovery wasn’t powered by any news that confirmed sales improved or that the United States has settled trade issues with China.

Cramer reiterated that it’s a stock to own, not trade.

“And with today’s announcement of a truce with Qualcomm, my biggest worry had been that Apple would be late with 5G. It’s no longer an issue, ” Cramer said.

Shares of Apple rallied 0.1% Tuesday, compared to 23.2% at Qualcomm.

“I smell a downgrade of Apple tomorrow morning,” he said.

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Nike

The stock was hammered after its last earnings report, which included weaker-than-expected sales in North America. Now the stock is within a point of where it fell from. Even with lingering China trade issues, Nike has an advantage in the country given its ties to China’s sports ministry program, Cramer said.

He thinks the athletic apparel company will have strong results in North America and Europe in its next earnings report because of better weather.

“They’ve come on strong in Europe and I am betting the U.S. will rebound this quarter,” Cramer said. “So Nike definitively deserves the benefit of the doubt, but it’s still kind of amazing … The stock’s getting it, although it was a delayed reaction.”

Caterpillar

Cramer pointed out that UBS double downgraded the stock from buy to sell in late February, but Caterpillar closed Tuesday at $142.03. That’s nearly 3% higher since UBS made that call.

The host said he wondered if the company would get hit with some bad news following the bearish indication. Instead, the water has been calm.

“In fact, the stock’s saying that Caterpillar will report a good quarter next week. Of course, stocks turn out to be wrong all the time, but I think CAT is worth owning,” Cramer said.

Home Depot

Home Depot’s stock plummeted from about $188 to $180 after the construction retailer delivered a weaker-than-expected outlook in its most recent earnings report. Cramer said, however, that he thought those results were misleading. He pointed to a few factors, including the housing market.

The stock is up nearly 20% this year and closed north of $204 on Tuesday. Home Depot delivers its next quarterly report in a little more than a month.

“If you were waiting for the company to give you some sort of all-clear, which many of you are, well I think you’ll get it when they report again because it’s lawn and garden season. But you have waited too long,” Cramer said. “Maybe next time give management the benefit of the doubt.”

Five Below

Five Below’s stock fell from about $129 in March to $117 in early April after the discount chain forecast earnings per share 8 cents below Wall Street projections.

Regardless, the stock touched an all-time high of $138.99 during the trading day.

“Talk about resilience,” he said.

Facebook

Facebook was back in the news again after an NBC News report said top brass at the social media giant considered finding “real market value” for sensitive user data, information the company has said it would protect.

The issue appears to be wrong, but the people who should care don’t care, Cramer said. Advertisers are still leaving platforms like YouTube for Facebook’s offerings.

“The truth is, as we’ve learned over the course of the past year, can we just put an end to this: none of these stories matter. It’s about earnings per share. The people who should care about Facebook and its privacy, they don’t,” he said. “The biggest issue Facebook has: they don’t want their ad rates to get out of control. Now that’s a high-quality problem.”

Source:​ https://www.cnbc.com/2019/04/16/cramer-boeing-apple-other-stocks-show-resiliency-in-the-market.html

I hope this has all helped, be sure to drop me a line telling me what you think.

The post Boeing, Nike, Apple, other stocks illustrate the resilience of this stock market appeared first on Trading Concepts, Inc..

The Nasdaq composite outperformed in afternoon trading Tuesday, helped by a rally in semiconductor stocks. In other stock market news today, Netflix (NFLX) stock was in rally mode ahead of its earnings report after the close, helped by an upgrade from Deutsche Bank.

Netflix was a top gainer in the Nasdaq 100, along with Western Digital (WDC) and Advanced Micro Devices (AMD). Western Digital was up nearly 5%, helped by a Deutsche Bank upgrade to buy. Advanced Micro rallied 2.5% after the company unveiled its new Ryzen processor and said the processor will be in the new Sony PlayStation starting in Q3 2020.

In afternoon trading, the Nasdaq composite was up 0.4%, helped by a 1.5% gain in the Philadelphia Semiconductor index. The Dow Jones industrials and S&P 500 edged higher by 0.1% to 0.2%.

Johnson & Johnson (JNJ) boosted the Dow Jones thanks to a strong earnings report, but enthusiasm over UnitedHealth's (UNH) earnings was short-lived. Shares slumped 5% after rising 3.4% at the open.

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Every Month Like CLOCKWORK…
  • Takes LESS Than 10 Minutes a Week.
  • Averaged 32.26% Gains in Weekly Income Over the Last Year
  • asterisk
    Made 1,677.96% Returns in the Last 12 Months.

Stock Market News: Top Gainers

In other stock market news, Autohome (ATHM) added 1.5% to 108.31. It's in position for a breakout try over a 111.70 handle buy point. Autohome was featured in Monday's IBD 50 Stocks To Watch column. In related news, the Shanghai Composite soared 2.4% overnight.

Meanwhile, MarketSmith Growth 250 name Paylocity (PCTY) jumped nearly 4% to 92.73. The software leader is still in buy range from the 91.71 entry.

Group peer Workday (WDAY) picked up nearly 3% to 198.09. It's been trading tightly just below the 200 level as it works on a flat base with a 200.10 buy point.

Inside the IBD 50, Veeva Systems (VEEV) was a top gainer, up 2%, but Innovator IBD 50 ETF (FFTY) performed mostly in line with the S&P 500, up 0.2%.

The 10-year Treasury yield was up 3 basis points to 2.59%. Separately, U.S. crude oil futures picked up 0.4% to $63.67 a barrel.

Source: https://www.investors.com/market-trend/stock-market-today/netflix-dominates-stock-market-news-ahead-of-quarterly-results/

Have a wonderful day and I hope this helps.

The post Netflix Dominates Stock Market News Ahead Of Quarterly Results appeared first on Trading Concepts, Inc..

TRADING BLOCK

VIX : 12.70 - 0.6-points lower than last show.

Most active indices: VIX: 125k, SPY: 713k, SPX: 272k

Most active equity options: DIS, BAC, TSLA, AAPL, AMD, BABA, GE, NVDA, NFLX, WFC

Earnings Highlights:

Netflix (NFLX)

Walt Disney Company (DIS)

 

 

 

ODD BLOCK

Mystery put update in Tesla Inc (TSLA)

 

 

 

STRATEGY BLOCK

This week’s topic discusses applying technical analysis to option trading.

 

 

 

MAIL BLOCK

Question from Douglas Tilley - Hello!--Regarding long stock substitution:

1. With call options, are deltas additive?  ie. why are (2) 40-delta calls so much cheaper than (1) 80-delta call ?  This seems like buying equivalent total delta for about half the cost.

2. For more accurate stock substitution, do you ever use the technique of buying an ATM call while selling an ATM put ? (vs. buying calls for a desired total delta).

What are the pros and cons (or nuances) of the 2 methods?  I do notice that the 2nd method definitely requires more buying power, due to the short put. Thanks for all the education

 

 

 

AROUND THE BLOCK

This Week in the Market:

Apr 16 - Industrial Production

Apr 17 - International Trade, Beige Book

Apr 18 - Jobless Claims, Retail Sales, Business Inventories

Apr 19 - Housing Starts

 

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