The global oil surplus is now considered a problem that will take years to resolve, they say the market is pricing it in but I don’t see prices dropping at the pump anywhere.
July 31 Stock Market Today: Map of the S&P 500
(click the map for a full view)
Impressive price action in the SPY yesterday. It closed basically flat for the day but, the rally after the lower open and closing near the highs showed the bulls aren’t ready to give up the ship. A neutral close and the bulk of S&P500 stocks closing mixed doesn’t give us conviction to make a call on today’s open.
(click the chart for a full view)
Stocks to Trade | Friday July 31, 2015
- AAPL continues to trade with indecision.
- LNKD earnings volatility after-hours yesterday should give us good trading today.
Charts in Focus
The Home Depot, Inc.
HD hasn’t been that interesting so far in 2015 but that has change the last few weeks as we approach a multi year high break out above $118
(click the chart for a full view)
Earnings in play today > 1M avg shares: XOM, CVX, STX, PSX, TYC, WY, RCL, NWL, LM, AON,
Bullish Ideas ATR/Volume/Price: AMZN, GOOG, GOOGL, UA, NFLX, FIT, GPRO, WBA, MBLY, AMGN, FB, AGN, TWC, NKE, ACN, MA, HD, HCA, HON, EA, NKE, FTNT
Bearish Ideas ATR/Volume/Price: yelp, uri, rrc, apa, clr, myl, bidu, eog, hes, trip, utx, oxy, isis, cat, pxd, cvx, mon, baba, mmm,
Weak Stock Weak Close: aem, fti, rrc, atw, cog, cop, nov, grub, hot, oke, etp, pg
Strong Stock Weak Close: DEPO, TEVA, AGN, KKR,
Weak Stock Strong Close: yelp, mur, twtr, bidu, dvn, sfm, cnq, eog, utx, mat, jci, cat, wy, dfs
Strong Stock Strong Close: NFLX, FIT, CVC, HFC, MDLZ, NLSN, DHI,
20 day Breakdown: wfm, pg, ncr, tasr, vlo, rrc, hot, aem, cah
20 Day Breakout: FOXA, MDLZ, HFC, DHI, STX, GSK, WDC, CVC, NLSN, IVZ, LNG, XEL, SCTY
2x Normal Volume: fb, wfm, x, pg, wll, mdlz, cfg, dtv, holx, tiva, ncr, hfc, tasr, dhi, rrc, hot, stx, cah, wdc, nxpi, lnkd, nlsn, tex, wynn, mur
Watch List Longs: AMGN, TRV, SBUX, CVS, TWC, DIS, TJX, BK, HD, MCD, ABT, PNC, WFC, JPM, EBAY, JNPR, C
Watch List Short: cop, cvx, slb, axp, bby, dd, klac, lltc, intc, orcl
Inside days: t, csco, sune, gm, emc, cmcsa, vz, myl, jnj, aig, unp, apc, wmb, cvs, hd, ip, pgr, emr, ups, adt, coh, crm, wba, biib, joy, hon, sndk, grub, tsla, ipm, ctrp, pru, lulu, fslr, sina
LNKD Earnings Volatility | Trading Game Plan July 31
LinkedIn shares boom after earnings crush, then crash during its call
LinkedIn just reported its Q2 earnings, beating expectations on both the top and bottom line.
- Non-GAAP EPS: $0.55 vs analyst estimates of $0.33
- Revenue: $712 million vs analyst estimates of $679.80 million. That’s an 33% growth year-over-year.
The stock initially jumped more than 14% after-hours.
After the intial excitement, the stock settled, then dropped drastically, and hovers at -5%.
On the earnings call, LinkedIn said that it’s pleased with the progress it’s made since completely reorganizing its sales focus last quarter. The company is de-emphasizing products like display ads, in favor of newer efforts, like sponsored updates, which has become its fastest growing business
Continue reading on businessinsider.com
LinkedIn, LNKD, Stock Down 5 Percent Despite Blockbuster Earnings
Shares of LinkedIn Corporation (NYSE: LNKD) traded down about 5 percent in today’s after-hours session. The Mountain View, California-based social network reported second quarter 2015 financial results after the close of regular trading today.
Research firms had been forecasting third quarter LNKD EPS at $0.43 on revenues of $743.7 million and full-year LNKD EPS at $1.93 on revenues of $2.91 billion.
This evening, LinkedIn management provided third quarter and full-year LNKD per share earnings guidance of $0.43 and $2.19 respectively. The full-year 2015 LNKD EPS guidance is notably above the $1.93 expected from Wall Street.
Still, the market reacted with ambivalence and sent LNKD shares down close to 5 percent. Going into the report, LNKD shares were pretty much even on the year, down about 1 percent.