Facebook Earnings Report 11-4-15 | Stocks to Trade

Many traders are frustrated with a stock market that doesn’t want to pause.

This is tough price action to day trade, but think about it from a different point of view. The trend is higher and stocks keep going higher. Stop putting limits on how far the market can go. The SPY is doing what an uptrend is supposed to do. It is going higher.

Stop trying to guess a top. It is pointless and expensive. Sure it could go lower today, and you will claim victory.

But what about the money you should have earned, being a buyer, the last few weeks?

Stock Market Today: Map of the S&P 500

(click the map for a full view)

spy map 4

Day Trading Game Plan: The SPY ETF Outlook

SPY pushes higher, again. Again on light volume. Be disciplined. The trend is up. If the SPY is driving you crazy, be stocks specific.

(click the chart for a full view)

spy 4

Pete’s Notes:

  • Oil and gas stocks overbought now.
  • SPY at resistance.
  • Facebook earnings report today after the close.
  • TSLA earnings yesterday, trading higher. Should be a good day trade today (but not choosing a direction yet)

Charts in Focus

VMW VMware Inc.

VMW showing nice consolidation in a solid down trend. Today we are looking for an increase in volatility and for VMW to provide us a trend day to hold to the close.

(click the chart for a full view)

vmw2


Stocks to Trade 11-3-15


Facebook Earnings Report 11-4-15 | Stocks to Trade

Earnings in play today > 1M avg shares: FB, RIG, MRO, TWC, FEYE, QCOM, WFM, MET, QCOM, MET, CLR, GKD, KORS, ERP, ETE, STSH, PRU, GPOR, CF, HOLX, KIM, CDW, SSYS, MCHP, XPO, GDDY, HUBS, WFM, DDD

Relative weakness to yesterday’s SPY positive change from the open: aet, agn, see, cyh, nrf, jblu, rai, gpro, mo, car, vrx

> 20sma, positive week and closed 2% higher from the open: ATVI, MSFT, V, CVX, MRO, PYPL, MYL, JD, SLB, COP, MOS, VLO, MPC, APA, MON, LVS, XON, PXD, PSX, MJN, BBBY

<20sma, negative last 5 days and closed 2% lower from the open: nrf, gpro, car, vrx

Bullish Ideas ATR/Volume/Price: AAPL, FB, XOM, V, CVX, DIS, BIDU, MPC, BMY, OXY, MDT, CTRP, MA, HD, PXD, PSX, AMZN, DHR, PRU, ADSK, UPS, FSLR, NKE, CAM, HON, ACN, AMGN,ADBE, TSO, AMT, RCL, GOOGL, TRV, INTU,

Bearish Ideas ATR/Volume/Price: vrx, gpro, scty, feye, unp, wdc, rrc, cyh, hca, skx, hcn, hog, cmi, vmw, endp

Weak Stock Weak Close: cyh, gpro, vrx

Strong Stock Weak Close: AGN

Weak Stock Strong Close: akam, bkd, dyn, jah, kmi, lng, scty, stx

Strong Stock Strong Close: ATVI, MSFT, V, CVX, PYPL, VLO, MPC, PXD, PSX, PBF

20 day Breakdown: adm, car

20 Day Breakout: ATVI, POT, DO, MOS, OLN, WY, ALL, JBL, XON, PXD, WPZ

2x Normal Volume: ATVI, AIG, V, SYF, CAR, FIT, POT, AOE, ADM, SCTY, DO, THC, JAH, RDC, JBL, XON

Watch List Longs: CVX, VLO, XOM, TJX, PRU, HD, SBUX, COF, GE, MET, BMY, DIS, JPM, AMGN, MCD, TRV, COST, HON, MSFT, JNPR, MGM, EBAY, ADBE, LUV, NTAP, INTU

Watch List Short: wmt, adm, akam, tol

Inside days: pfe, t, baba, ms gpro, abbv, jnj, kr, mcd, rrc, ctrp, cvs, hig, etfc, swks, low, celg, esrx, mmm, skx, rax, d, nke, hon, lng, crm, de, endp

Facebook | FB to Report Q3 Earnings: Will It Beat Estimates?

Facebook price action has held up nicely since the previous earnings report which was considered a mild disappointment. Not because revenues were out of line, but because margins were higher for new investments. The following is a report from zacks.com

Facebook Earnings Report 11-4-15 Facebook, Inc. (FBAnalyst Report) is set to report its third quarter 2015 earnings on Nov 4. The company reported a negative surprise of 3.23% in the last quarter and has an average negative earnings surprise of 2.61% in the last four quarters. Let’s see how things are shaping up for this announcement.

Our proven model does not conclusively show that Facebook is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.

Though Facebook’s Zacks Rank #1 increases the predictive power of ESP, a 0.00% ESP makes surprise prediction difficult. Facebook has an earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 35 cents.

Things to Watch for in Q3

We believe investors are primarily focusing on growth opportunities from increasing online and mobile advertising spending. Mobile monetization has increased with a higher number of marketers, continuing investment in new products and robust performance of its newsfeed ads. Notably, Facebook derived 92.7% of its 2014 revenues from advertisement.

Facebook is working on a couple of new ad products designed to drive sales while generating more ad revenues. Reportedly, the latest advertising offerings from the company include Canvas (for making full-screen ads available through Newsfeed) and Shopping feeds under Favorites (for displaying stores on its Shop section).

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